Insurance startup is trying to compete with the big boys. We have that and a whole lot more on nightly Business Report for this february 25th. Good evening, everyone, and welcome. After months of punishing snow storms and bonerattling temperatures across much of the nation, a lot of people along with retailers, real estate agents, auto materials and just about everyone else seem to have bad case of spring fever. With the First Official day of spring three weeks away were getting now some hard numbers on the weathers toll on the economy. Specifically its toll on two of the nations biggest store chains and the price its exacting on the Housing Market. We start today with a read on how economy is doing right now after home depot and macys both saw profits rise last quarter but still felt the sting of bad weather in the form of weaker than expected sales. But again, spring is just around the corner, they say. And both chains have a lot to look forward to. Courtney reagan has more. Reporter
You come at a time when usaid is making headlines for doing nothing more than the job you were appointed to do. That we say to the record, when it comes to the issue of cuba or your work in any closed society, i do not believe usaids actions, as clearly articulated in your Mission Statement to promote resilient democratic societies that are able to realize their potential, are in any way a cockamamie idea. I believe it is exactly what the people of cuba, iran, burma, belarus, north korea, and other authoritarian nations need to help them communicate with each other. To help them achieve the usaids stated mission of a free, peaceful, and selfreliant society with an effective, legitimate governmen. So i commend you for helping people have a less control platform to talk to each other, helping them find a way to connect and share their views. Global Internet Freedom programs , u. S. International broadcasting, and support for human rights activists are all fundamental components of our co
Thank you, senator. I do want to respond to some of the comments made earlier. The chairman started out by talking about the cuba issue and said i will just bear freeze, it is down, down, and even dumber to essentially shield cuba from the influences that we have on other dictatorial regimes and authoritarian regimes. I could not agree more. I could not agree more. This why i oppose our policy on cuba for so long. Mentioned another senator mentioned that iran is the only country less free cuba. But even iran, we dont shield the people from the influences or the government from the influences of americans traveling there. We encourage it. North korea to my of their government would allow more of it we would encourage more of it. We had a similar situation with cuba praising the education system. If we had bob from peoria our friend from the mind it would say no such thing because they would realize that its a different world than is described by some with travel there was enough for the
I finally figured out why were playing pearl jam. Amazon, microsoft, seattle. Are they a grunge band . Are they from up there. I finally figured it out. I love the quizzes they give us. I think of nirvana. Pearl jam, seattle. I have that programmed in. I dont listen to it a lot. The pearl jam station . Is it 42 . No, is that the joint . I dont know because i have it programmed in. I think it should be myself i think it should be the pink floyd channel. No, no, no, i like pearl jam. No comparison. Youre right. There is no comparison. Amazon, you get up to 20 billion a quarter and you are able to make money, pay everyone, keep expanding. I dont see anything wrong by that. I was surprised by the decline in the stock price, too. Its just a little. The reason, they continue to invest. Thats why the numbers are lower. Its not even margin based. On 19 billion, you should make more than 100 million. This is supposed to be the year amazon went from not making money to making money. I get it, do
Would be a factor. So the greater the rebate, that would be where you would. How many times trades does ameritrade route . We route about 37 of our flow would go to an exchange on a daily basis, so im assuming that ill call it 40 of lets call it 400,000 trades a d day. About 150,000 trades a day . 150,000 trades a day times, you know you want a quarter, right . So thats going to be about lets see well, lets round it off, say half a million a week . Yeah. So make in a month that would be about 2 million. A quarter about 8 million. That sounds good. Round it off. We did about 90 million trades last year. Then why wo it be only 8 million thats no exchanges. And you asked per quarter. Thats about 8 million, two exchanges in a typical quarter. We looked at the form 606 quarterly order routing disclosures for the quarter that was covered in the vitalio paper. Im going to have to go vote. Were going to have to recess here for about 15 minutes to give you all a chance to do Something Else that