If its covid19 vaccine is effective. Jim, i know that citi news popped for you. Yeah, i candidly mike and donna are friends of mine and friends of my executive producer so i have to reveal that because i say its not about friends its about money this is jarring for those of us older than mike who is 60 but he did work there for 38 years, not retiring until february, but how great. When i spoke to him this morning, how great, jane fraser coming in. The Glass Ceiling in banking maybe a is finally cracking and its a great legacy for mike a period where net income increased from 7. 5 billion to 19. 4 billion, tangible common equity 12. 0 to 12. 5 and returned 80 in capital during mikes reign all those numbers havent necessarily led to great performance a of the stock but they are great numbers mike is a much loved figure as is donna, his wife and i regard them as a team and i know he wants to do many, many things in life and this is a soul searching time, he appointed jane last year, he ma
Good evening and welcome, both newcomers and repeat offenders, if you look around here, you notice the great many ponderous and intangible books out there in the world. That being the case, its always refreshing to find whose impact in the portion to the Tipping Point is one of those books, from time to time, usually its quite unexpected, work appears that acts as a decongestant for the brain, one strong spray with a passages to clean up, suddenly we can finally grasp things around us that weve always been looking at, we drop the enter gp and more sharply, it can be rather intoxicating, once again this is that kind of book. One of the delights i find of the Tipping Point is that malcolm asked the kind of question that a child might ask, the kind of question that is on the tip of her brain like the name on the tip of the tongue. Often we find it hard to focus on, not despite a bit but because of it. In the question he asks to hear is that one once weve heard asked, why didnt anybody thi
[inaudible conversations] good evening and welcome those newcomers and repeat offenders. If you look around you notice in impenetrable books are out there in the world. That being the case it is always refreshing to find one whose impact with the proportion to the length and have to and the Tipping Point is one of those books with from time to time a work appears that acts as a decongestant for the brain , one strong spray and the intellectual passages clear up even if they were blocked in the first place. Now we can grasp the things around us were always looking at and the effect on the reader can be rather intoxicating. Once again it is that kind of book to ask the kinds of questions a child might ask on the tip of the tongue the name on the brain and we find it hard to focus on not despite the obviousness why didnt anybody think of this before . And then what makes things catch on and take off and ideas and products fads and trends in fashion cultural phenomenon and you may find the
A basically online renaissance its its not any one nation its all the people organizing online and i believe that is going to be the case were going to cover that war a little bit and a few moments but 1st i want to say you know the the big themes that weve been covering there really coming to a head in 2020 diggle is ation dollar is ation japan afic ation of our Balance Sheets of Central Banks money printer go back and de china for cation now is a new thing so were going to cover those over then upcoming episodes of Summer Solutions did china for cation thats the 1st time ive heard that what does it mean what its a process of separating the Global Economy from china exiting trade deals japan as we recently reported they theyre paying their own Corporate Companies from japan 536000000 to take their factories out of china and move them to vietnam move them to cambodia move them to other places in Southeast Asia so were going to see a lot of the power all of china has come from the fact
Those who are warning what would happen if these 2 separated they mayhem it would create and that was just not accepted that here we are do you trying to fit cation i guess what that theory i guess that was employed this is one thing were going to cover in upcoming episodes of Summer Solutions were going to talk to chris fenton who was a china you know bull he was really bullish on that spent a lot of time being essentially an ambassador there now hes kind of pulling back and even the likes of steve benen see him almost as an hour and steve bannon if you know is very very against china and that was part of his role in the election of trumpet 2016 was an anti tying up position so here domestically in the United States where also seeing the inequality the wealth and income gap and thats coming to a head as well but one thing i think were going to see post this pandemic and of course we are in a Global Pandemic so our Summer Vacation by the way will not be anywhere but to the backyard bec