Day. Pete, i come to you. Jpmorgan the quarter was good Loan Loss Provisions were surprisingly good. The commentary today is a surprising show of coronavirus resilience thats what i just read. Why is the stock down . You know, initially it had a nice pop to the up side, scott i think people step back and say the financials, we need to hear a lot more about what theyre going to be able to do at some point in time thats outside of the trading spot because thats another area the Loan Loss Provisions, you just brought that up but how about the trading numbers . The trading numbers are outrageous for them and for citi that is an area we expected to be strong. It was Even Stronger than expected but theres more to the bank than that. I think thats what were going to be struggling with for a while with these financials. And when you look across just about every name, scott, other than Something Like a black rock, asset manager. When you look at the banks and the financial world there, they jus
This is the cbs evening news with Norah Odonnell, reporting from the nations capital. Odonnell good evening, and thank you for joining us. Were going to begin tonight with breaking news. Cbs news has learned the commission on president ial debates plans to issue new rules for the rest of this years debates after tuesday nights faceoff between President Trump and former Vice President biden turned into a farce. While the commission has not formally voted on changes, an informed source tells cbs news they need to actthey need to act in t in the coming days after being inundated with complaints. About a chaotic debate. Among possible changes to the rules, cutting off a candidates microphone if that person ignores the rules and interrupts another candidate or the moderator. Tonight, with 34 days left until the election, the candidates are back out on the campaign trail, even as President Trump tries to clarify his refusal to denounce White Supremacy at the debate along with a group known t
Information from dan is taking these new positions in the Second Quarter according to his quarterly letter in disney, amazon, alibaba. Well focus on disney first and foremost josh, i just got off phone with dan who told me the following about why they initiated this position he said theres no close second to disney when it comes to an entertainment company. He says they have slate of tent poll releases. We know the titles they have he said some of the commentary,s the narrative of how disney plus is being thought of in the context with netflix its not a winner take all environment. They have to take market he thinks is easily split between those two and some other players. He also, which was interesting as well likened disney to microsoft 7 or eight yea8 years. You have a time old business and youre able in some respects to reinvent yourself. Much as microsoft has done we know how well that stock has done lately. He seems a similar scenario for shares of disney josh, let me get your ta
Turmoil in this market all the big moves i see, both up and down, including today. The dow dipping 37 points, s p declining, the nasdaq lost 0. 28 . Underneath, though, theres a lot of rumblings i blame the millennials. Theyre impossible to getaway from and i have to tell you if it werent for the fact that i have two millennial daughters, i would hate this generation the generation that demands to be catered to or they cut you off at the knees or at the cord if youre a cable operator Everyone Wants millennials as customers because theyre old enough to have disposable income but young enough to be persuadable. That means you need to advertise on the internet, because thats where this generation resides. Thats why 45 of cloroxs add go to facebook and google. Clorox is at 45. Second, perhaps because of low wages and student loans, they pay out for very little. Weve identified over and over, millennials will pay premium for uber, for air b b and the iphone and theyll pay up it for makeup t
For braving the blistering heat to be here. Man is it hot. This whole country is like a greasedup George Foreman grill and a vikram yoga class. Authorities are urging those in areas where heat is intense to stay indoors, unless you have a chance to catch a wiggly tuft in your neighborhood. Its going to be 96 in philadelphia where the Democratic National convention is happening. The theme for the democrats today was, united together. Which really is the best way to be unite d, together. So much better than being united apart. United together it was not. After the Republican Convention last week dnc was supposed to be the boring one. It was quite the opposite. Every time Hillary Clintons name was mentioned there were boos from Bernie Sanders fans. Some of these people are apparently unaware Bernie Sanders passed away six weeks ago. [ laughter ] even bernie had to ask his supporters to calm down. After a year of telling them not to calm down. Its like chef boyardee telling people to take