Stability. I want to inform all concerned that this meeting will end at 1 00 per the request of the p. M. Secretary. I now recognize myself for four minutes to give an Opening Statement. So let me welcome back secretary mnuchen. Today, we are here to discuss the Trump Administrations actions that have undermined and not promoted our nations Financial Stability. As i have said many times before, i am very concerned about this administrations actions to eliminate important protections for consumers, investors and our economy. It appears that our banking regulators are following the deregulatory blueprint that the Treasury Department, under secretary mnuchens leadership, has mapped out point by point and rolling back many of the Critical Reforms democrats made to prevent another financial crisis. If these rollbacks continue, there will be grave consequences for Financial Stability in our economy. The 2008 financial crisis was devastating for our nation. 11 million americans lost their hom
Hideous beatdown im going to make it real simple for you. The market is spectacular al beit mercurial fashion show. The same stocks that would strut down the runway greeted with oohhs and aahhs will be pelted by tomatoes. Stocks that have languished sell like hot cakes when styles change we call that a rotation on wall street. Investors are furiously recalibrating what theyre willing to pay for and just right now theyre happy to pay up for the stocks of solid companies with healthy dividends and ideally big buy backs. You know what . Theyve lost interest in the stocks of Fast Growing Companies when it comes to revenues. They issued huge gobs of equity and pay people or come up with bizarre new metrics or explain how theyre really doing okay even though they dont have much in the way of earnings if any. In other words, the cloud stocks are up salesforce. Com, adobe, workday, z scale, i could go on and on. These names were all smoking red hot and now theyre struggling you have to wonder
City and surrounding areas has reached the worst level so far this year pollution particles in the air and now 400. 00 points above the sylvia category more than 30 fries were diverted from jude to Poor Visibility schools remain shut and plans to restrict the use of private cars begin on monday a Public Health emergency was declared on friday still ahead on the program. Saving the snow leopard how technology is helping out to. Make a different spot. Nicholas hawk in the ethiopian capital addis ababa thats why so many young you are travelling to yemen in search for a better life. Its still raining in sichuan has been for months it seems over the clouds for at east was not much going on for a good part of central and Southern China its always been coming out of it and gathering of the hard ground but if youre not here if you know youve got far away to come shankars 22 in hong kong 30 all those she would see value so it probably feels quite present but theres clearly something going on fo
Josh lipton talked to tim cook last night after the earnings print and joins us this morning. Josh reporter carl, investors want to see iphone trends improving. Thats what they got with the latest report. Iphone revenue dropped 9 in q4, but revenue dropped 12 in q3. Ceo tim cook telling me for iphone specifically we improved year over year performance even more compared to last quarter, and significantly compared to the first part of the year, and we are off to a really good start with the iphone 11, iphone 11 proand iphone pro11 max i asked about tariffs and trade tensions cook tells me he did not ship more iphones here to the u. S. To try to get ahead of potential new tariffs in december, nor does he plan to, as analysts know that means recent positive supply chain data points represent real demand. More broadly, cook is optimistic a trade deal gets done, saying i am still optimistic in the end there will be agreement between the countries where it will not solve everything, it will
Committed by Police Officers so. Can you imagine the level of violence committed by the time. Were discussing other media stories that are on our radar this week with one of our producers joe had a whos joe along with hate speech fake accounts misinformation the big social media platforms have been grappling with this issue of political advertising weve seen a lot of talk on it lets start with Facebook Whats the policy there and why is the Company Getting so much flack over well Richard Facebook has become an integral part of political campaigns around the world and it gets a lot of criticism for running political without Fact Checking them c. E. O. Mark zuckerberg last question last month at a congressional hearing in washington and this is how he defended facebooks policy in a democracy i believe that people should be able to see for themselves. Politicians that they may or may not vote for so you wont take their for themselves so also deny that facebook hands off policy was designed