Key staff defections, criticism by trustees, a scathing takedown of his management style, probably not helping matters. Is pimcos bond legend grossly overrateed . Lets bring in charlie gasparino, matt mccall and hilary kramer. What do you guys think . I think it is overrated. Looking up last couple calls he called. He called end of bond bull market three times in last four years. Like bears call the end of the bull market and stock market. You keep coming out eventually you will be correct. If you look at stats he hasnt done very well. Deirdre if youre time something off youre not making money, right, hillary . Yes, but, bill gross maybe lagged all his peers in first two months of the year, but 0. 75 . He has been around since 1970. Deirdre he is worse than 87 of his peers. 90 of the funds out there did such small amounts of money. Deirdre last year he lost 2 . If i was investor and lost 2 for me last year when quantity funds are making money hand over fist would i be really mad. What
To meet new tough every Capital Requirements but regulators proposed this last year. The banks have been expecting it and already started raising that new capital according to officials. The rules, something, applying to something called a leverage ratio, apply to banks with assets of more than 700 billion that are systematically important, bank of america, bank of new york mellon, citigroup, goldman sachs, jpmorgan chase, morgan stanley, State Street Corporation and wells fargo and company will be covered under this new rule. They are designed to help protect these banks in another financial crisis and avoid future taxpayer bailouts, though the banks argue the rules will curtail lending and saddle them with higher costs. Melissa . Melissa peter, thanks so much. So back to the markets. They are alive. Stocks back in the green after three days of steep declines but whats really behind all the market mayhem . Here our very own charlie gasparino, barrons Senior Editor jack hough and Finan
Barrons and Jonathan Hoenig of capitalist pig hedge fund. Jack, what do you think, does he have a shot at this one . I think he has a shot but problem with jumping on this, assuming the Defense Department says, sure, anybody can send a satellite off with top security. This is melissa he made it into the space industry. No one thought he could do that. This seems easier. I think he is capable technologically melissa he got the contract. He convinced them to give him a contract with spacex . This is highly sensitive stuff. They want to make sure he is a Good Relationship and doesnt turn into Edward Snowden guy on the. Look at phil falcone, that he went through with lightsquared and how he thought he had approval, from i think it was from the Justice Department to get that part of the satellite and he didnt. And it screwed up his whole business model. When you deal with the government it is very touchy. Listen, he is not betting the ranch. That was phils program he bet the ranch on that b
Melissa the mac attack in second day as hundreds of protesters target mcdonalds shareholder meeting. Workers and activists calling for 15 minimum wage and pay cut for ceo don thompson. Lets bring in our panel. Fox businesss Charlie Gasparino of course and wall street journal veronica daguerre and a and g capital hilary kramer. Thanks to all three of you for joining us. Hillary, what do you think about this. Mcdonalds is never going to raise the minimum wage and franchise owners, make 70, 80,000 a year. They make 100 a week. They pay the price if minimum wage went up to 15 an hour. Mcdonalds need more healthy and get more people in there and maybe they would have the money. Melissa are wages set at this level or local level . Arent 0 of the restaurants owned by franchisees, veronica . Franchisees bear the brunt of this and determine how many people get paid. This will propagate automation. Were seeing this in a lost mcdonalds, a lot of fastfoods in general. This will encourage them to d
Welcome to the willis report. The broken promises of obamacare, well, they keep on piling up. The the wall street journal reporting twothirds of obamacare enrollees already had health care coverage. Already had insurance coverage. Of course, that leaves doubts that president obamas promise of helping the uninsured will actually happen. With more on this dr. Kevin campbell, a cardiologist, and a Health Policy scholar at American Enterprise scholar. I thought the point of obamacare we were going insure the 48 million americans that dont have insurance or at least 25 million of these. What do you make of this . Well, you know, its the it was the ultimate goal, but, you know, between the poor performance of the government running the website and the restrictions, which make the insurance really a bad deal for an awful lot of people. I think it is discouraged a lot of people. Plus the new rules basically mean that 5 Million People lost their coverage over the last three months. 5 Million Pe