Charles schwab is expected to buy ameritrade jim as you noted on twitter, the unprecedented influence of robinhood. Yeah, look, when youre out here, you realize there are players. David talks about them a lot, including softbank, theyre fun organizations with no real growth path for earnings a fabulous growth path for revenues this robinhood has been an incredibly well funded sensation particularly among the younger demographic. Its very hard to fight a company that will you play for free and thats exactly what disrupted this industry was Venture Capital money. Think about it, its been a stable oligothic for a while. Why not surrender to schwab . This makes so much sense now schwab will be the largest asset gatherer, incredible machine. I this i schwabs store, we dont know the ratio, this deal done makes schwab go up a lot more than its up right now. David, lets talk about this deem we got some paypal news as well. Mna is getting a bit spicier as we get to year end yes this would be a
And ceo of the association of american railroads. Jim cb, commissioner of the southwest chief and Front Range Passenger Rail commission, and jennifer homendy, Member National Transportation Safety board. I continue to be a strong supporter of our real industry both freight and passenger. Rail service is safe and efficient. It also reduces congestion on our highways and spurs economic growth. In mississippi, for example, we have 26 Freight Railroads, 2,400 miles of track, five of the seven class ones, two longdistance amtrak routes, 10 stations, and more than 100,000 annual riders. Rail is vital to mississippi. I have been a tireless advocate for the restoration of the gulf coast Passenger Service, which was suspended in 2005 after hurricane katrina. With funding support from dot, amtrak, and the states, i am pleased to report that mississippi, louisiana, and alabama are likely once again to have this amtrak route and that will give mississippi a third amtrak route. Restoration of this
Routes, 10 stations and more than 100,000 annual riders. Rail is vital to mississippi. I have been a tireless advocate for the restoration of the gulf coast Passenger Service. It was suspended in 2005 after hurricane katerina. With funding support from dot , amtrak in the states im , pleased to report that mississippi, louisiana and alabama are likely again to have this amtrak route and that will give mississippi a third amtrak route. Restoration of the service would support growing populations centers, connect tourist destinations, bring new jobs and improve the regions quality of life. This will make a positive difference for the communities and the people of the mississippi gulf coast. This hearing provides opportunity to examine the state of Passenger Rail and consider how to support existing routes like the southwest chief and restore gulf port gulf coast service. In i introduced along with 2015, senator booker the Railroad Reform enhancement and efficiency act which reauthorized
Good monday morning, welcome to squawk alley. Im carl quintanilla, sara eisen, john ford on the New York Stock Exchange joining us this morning from san francisco, kara swisher. Kara, good morning to you. Take a quick check here on the markets at 11 00 a. M. Eastern time dows trading down 75 and that was a very abrupt change from the morning session, or at least the open, after we got these comments from north koreas foreign minister via reuters saying the president s comments over the weekend were a declaration of war and north korea has the right, they say, to take aim at u. S. Strategic bombers, regardless of their airspace obviously, more saber rattling tech already under pressure, we should note, but this was the worst drop for the dow and s p in weeks worst drop since august 17th sometimes we find ourselves wondering why the u. S. Market isnt more vulnerable to some of the threats and escalation in the standoff between the u. S. And north korea. Feels like its the really scary he
Study is blaming that all on. And on the a great day to hop on a bicycle and pedal your way to the pedal fest. Its not too far from our studio. We are busy in the Weather Center keeping an eye on this beautiful weekend. And it is nice out there. Yeah. It is pleasant. Its going to get hot especially for the inland cities as we get into the afternoon. For today and tomorrow, a near repeat when it comes to the weather. Outside in and along the coastline waking up with a little bit of fog. Heres a live look across the oakland estuary. And mount diablo, 54 degrees, and livermore, 57, and san jose 59. Good morning to you as we get into the second part of your day, temperatures continuing to climb near the century mark for our warmer locations inland. Heres a view of the 24hour temperature change starting out a lot like yesterday, but as we get into the second half of the day, heating it up. More so for today, especially inland. Heres the view from up above where again weve got that low cloud