Comes on the heels of a disappointing quarter that saw the firm notch its worst ever results in the commodities business they say this is kbws note today we have more questions than answers about the franchises health at this point in time. Should we . Well. You take one quarter two quarters of bad trading yeah, we can ask the question. I think the question is a little bit bigger than one or two quarters this is a firm that over decades has had a little bit of a tugofwar going between Investment Banking on one hand and trading on the other hand. Youve had a guy at the helm for ten years thats a trader extraordinaire in years past youve had Investment Bankers like hank paulson running the firm i think the question is where are the Investment Bankers picking up slack from the trading which in the last two quarters hasnt done so well is it time to rethink owning this stock it is time to rethink it but when you rethink it youll come out its 1. 2 times book value. It can get a little bit ch
Washington journal. Joining us later is Margaret Brennan from cbs news and Jonathan Karl, the chief White House Correspondent for abc news. Tell me about how it played. Guest there are basically two sean spicers. The one who gave the statement on saturday was defiant and angry, basically yelling at the press and using falsehoods, telling things that were not true. Today, he was much more notable, taking questions and stated there for more than an hour, talked fluently about a range of policy matters. When he was asked about the mistruths he had stated about the inauguration crowd size, he effectively apologized. He said i always try to come here with truthful information and im going to endeavor to do this in the future and talked about how to donald trump is chafing at what he sees as an unfair media narrative out to undermine his presidency. I saw it the same way. Weve all dealt with the Good Cop Bad Cop situation as reporters, but it is rare to have it from the same person within th
Washington journal. Joining us later is Margaret Brennan from cbs news and Jonathan Karl, the chief White House Correspondent for abc news. Tell me about how it played. Guest there are basically two sean spicers. The one who gave the statement on saturday was defiant and angry, basically yelling at the press and using falsehoods, telling things that were not true. Today, he was much more notable, taking questions and stated there for more than an hour, talked fluently about a range of policy matters. When he was asked about the mistruths he had stated about the inauguration crowd size, he effectively apologized. He said i always try to come here with truthful information and im going to endeavor to do this in the future and talked about how to donald trump is chafing at what he sees as an unfair media narrative out to undermine his presidency. I saw it the same way. Weve all dealt with the Good Cop Bad Cop situation as reporters, but it is rare to have it from the same person within th
Joining us later is Margaret Brennan from cbs news and Jonathan Karl, the chief White House Correspondent for abc news. I him pleased to have all of them here. Tell me about how it played. Guest there are basically two sean spicers. The one who gave the statement a couple of days ago on saturday was defiant and angry, basically yelling at the press and using falsehoods, telling things that were not true. Today, he was much more notable, taking questions and stayed up there for more than an hour, talked fluently about a range of policy matters. When he was asked about the mistruths he had stated about the inauguration crowd size, he effectively apologized. He said i always try to come here with truthful information and im going to endeavor to do this in the future and talked about how donald trump is chafing at what he sees as an unfair media narrative out to undermine his presidency. Charlie damien . Damien we have all dealt with the Good Cop Bad Cop situation as reporters, but it is r
Tillerson for his nomination hearing. I said your administration is going to have to thread the needle, and figure out how on the one hand to push back against putins aggressiveness and meddling and interventionism. And at the same time stop a continuing downward spiral in the u. S. An relationship, that is potentially quite dangerous. But theyve got to do both sides of it. Rose and we conclude with a look at the Global Economy with sharmin moose aver rahmani of goldman sachs. You look at equity valuation, we actually have now just turned over into the tenth meaning markets. If people had gone out of equities in july of 1995, when equities were in the tenth decile, they would have never gotten a chance to get back in and would have left 500 returns on the table since 1995. So our key message is valuation alone is not a reason to go out of u. S. Equities, especially if you dont expect a recession. Rose politics, National Security and the Global Economy when we continue. Funding for char