Second highest rate of cases in the world and supply of protective gear was uncertain. Some estimated supply would run out in a matter of days. Use the defense protection act to leverage the equipment to keep fighting the pandemic. Using the dpa is crucial in our fight against covid. However, i was just as surprised as many of us when the International Development finance corporation announced they would issue their first dpa loan to kodak to produce pharmaceutical components. The dpa is finally being utilized but to a company that only just recently left bankruptcy with no proof of success of pharmaceuticals, being trusted with such an important task. Frankly its not a joke. Kodak ceo purchased shares of the company, leading up to the announcement and received 1. 75 billion Stock Options from the kodak board the day before the announcement was made. These Stock Options may have been worth as much 50 million just a few days later. A letter from the committee to the s. E. C. Urging inve
The dpa is finally being utilized. They got entrusted with such an important task. Frankly, it is a joke. Knowing the circumstances around , the options granted, the early leak of the announcement, there is potential here for unlawful insidertrading. I would go beyond that. In terms of potential violations. I think there is potential that the sec could find a range of violations. Regarding individuals involved in manipulation. We do not know. We go back to insidertrading enforcement. There is also a broad range of federal statutes that can apply. In the scope of the investigation, it is real. The questions that were posed by the internal investigation, they are very narrowly framed. Committee, there is still plenty to look at. There is the potential for the commission to find and recommended forstmann actions. Thank you. I appreciate that response. Can you discuss where the harm and causes shareholders Capital Markets and taxpayers . The core issue is credibility. We have to go back to
A lot of the focus has been on what mr. Powell said yesterday and what we heard from the fed. We are seeing a bit of Movement Across the board. If you look at some of the european stocks, they are actually retreating after jay powell highlighted uncertainty about the economic rebound. We sought asian shares falling the most in a week. Treasury yields, that curve steepening slightly on wednesday after mr. Powell stopped short of offering specifics on the feds approach to the monthly bond purchases. Lets get straight to the bloomberg first word news. Here is leighann gerrans. Good morning. President donald trump is not happy with what he has heard about the terms of the oracletiktok deal, but says he briefed on the details on till this morning. Sources have told bloomberg that the Top White House officials have raised concerns about the proposal. They say it falls short of Satisfying National Security concerns. President donald trump says a Coronavirus Vaccine could be widely available a
Tens of billions of dollars. You said thats it thats the top of tech the nasdaq was 4400 that week uber High Valuation Companies and use that as your justification to reposition your portfolio. Im not fan of it. Doesnt really work. It makes for better tv than it does for portfolio you dont take a step back and say its 100 times sales this thing has an incredible first day and you dont take a pause. Its not the whole landscape and say i dont think this is good weve seen a million kpaemexs of this. Its not in the s p 500. Investors dont own this in their 401 k its not an important stock. Its a great stock to watch fp lets address it in those terms. Now the stock is getting crowbared. Kramer makes a point. We have this tweet he had on nvidia as well and zoom. It underscores, if you will, i think, very well the landscape and what may be a pull back in some of these loved names especially over the last few months for what its worth, i dont know what octa does. I think that is indicative too
Killer, a fox business exclusive, this is really interesting, with the ceo behind the Public Company that owns the rooms where its all happening for these vaccines. A vaccine not coming soon enough for new york city. Times square still without its throngs of summertime tourists. In doughnut world, you go big or you go home. The ceo of krispy kreme takes us behind the scenes of his flagship store. The s p getting an alltime high. It just needs any gain whatsoever. We are just at the flat line at the moment. The dow up 47, looks to snap a twoday losing streak. Plus could housing be too hot to handle without more stimulus . Apple now truly in a club by itself. Less than an hour to the closing bell, lets start the claman countdown. Liz breaking news. Microsoft not oracle is and will be the company to buy tiktoks u. S. Assets and a binding deal will be signed by the september 15th deadline imposed by President Trump. In a fox business exclusive, sources close to negotiators at bytedance, th