Holding stronach bank of america reports tomorrow one of the biggest shareholders is getting more bullish. Ber shire seeking permission from the fed to boost stake in the bank beyond the 10 threshold. Did jamie and warren give the okay to ride the rally to new record highs why not those are the two. If knows two say its okay, who am i to argue with those two. Back to you. Back to you, mel. The jp morgan was quarter was fine and well talk about banks but put going in perspective and tangible book in jp morgan stock 120. Even i in my lame man can do the math and tell you tangible book its two times tangible book right now. That is a pretty big premium in this environment, i think. In erms it of mr. Buffett, he is actually sitting on a record amount of cash as well maybe thats why he wants to deploy to more banks but the indicator he mass looked at his entire career, the wilshire 5,000 over gdp in the united states. I mean that is flashing as red as maybe it has ever flashed ive been skep
Limits on u. S. Portfolio flows into china by delisting companies here in the u. S. The nasdaq is down by more than a percent. Take a look at the chinese stocks alibaba sitting at session lows down by five and a quarter percent. Eamon has been following this story and joins us reporter my understanding is those reports that cross earlier today got the markets attention are accurate the white house is considering measures that would limit port po folio flows from the United States into the Chinese Companies but and theres a big caveat here. Its a lot of different ideas on the table. Its not clear when a decision would be made or what that decision would look like or what the mechanics of this would be how could this play out in theres one option already out there thats been under discussion thats a proposal for a number of senators. You see them here including senator marco rubio of florida called the equitiable act. What that would do if passed is allow u. S. Regulators to have access
President ial candidate steve forbes, great to see everybody this morning. Good to be with you. Maria a lot to talk about, dagen, missed you, wanted to get your take on complaints and whistleblower complaint that we will be declassified. Dagen right, acting in front of Congress Later this morning, declassified last night. Again. Let the American People see it in. I will leave it at this. Will democrats try to leave the. , the intent is to essentially destroy the economy and prevent everything from getting done that would benefit the American People like the canadamexico trade agreement. It looks like they are not maybe even impeach him but just destroy the economy because of it. Uncertainty they maria theres no u. S. Mca, nothing gets done legislatively and its amazing to me that they could stand there and pursue the moves when, in fact, at tend markets, investors, voters are going to blame them for that, steve forbes, what do you say . Its going to be a thin excuse when you have 6 or
Welcome back to xfinity sports sunday. Raiders up 30. Derek carr. Wide open in the middle. Williams, four yards touchdown. 100 raiders. Deontay. The raiders, now 107. Patrick mahomes connecting and the 42 yards. Kansas city takes 1410 lead. How do you stop mahomes . This is what it looks like when you have bad plays. This is what happens when you give up bad plays. Raiders are 02. A barrage of plays in about a five minutes period really turned this game around. The difficult game on a authority week for us. I am proud of our team who did not quit. We turned the ball over a couple of times in the second half. We had presnap penalties on both side that are unexcusable. Incredible throw and catches. When he gets an opportunity to do that. He can drop them in there no matter where they are. But, i tip my hat to them. You got to do a better job next time. Raiders are one and one. Coach gruden would be mad if i said 02. Deontays top five when we continue on xfinity sports sunday. So that ear
Basement. We also learned that four firefighters were taken to the hospital with injury. As thick smoke poured out of the adult superstar on east santa clara street, san jose firefighters went inside knowing that flames and smoke may not be the only dangers they faced. Around 5 30 tonight police were called out when a disgruntled customer or former employee at the business downtown was told to leave. He came back, entered the business and we believe he set fire to the business in multiple places. Reporter firefighters say police told them the suspect was likely armed so they carefully went into the burning building looking for him. The fire spread to interior walls forcing people on the second floor and surrounding businesses to evacuate. When they wept in, there was smoke just pouring out. It was scary because you never know how far it will spread. Reporter several witnesses thought it was gunfire but police say no shots were fired. Firefighters just told us they believe that the man