Real estate owned, empty foreclosed homes into the market, to rent them for a period, if thats appropriate. We were also part of the very large mortgage at the time settlement, which you are aware of, which part of the outcome of that is that banks have been working hard to increase their modifications, to reduce foreclosures, to assist home owners who were unfairly treated in the past and so on. So, from supervisory, regulatory perspective, we are trying to help. But in that respect, we are like other regulatory agencies who are addressing this issue. Finally, and i dont want to underestimate this part, an lit clirks the Federal Reserve, as you know is many, many good economist and we have devoted quite a few of them to studying housing issue, all the way back to the beginning of the crisis and before and influential talking to the other agencies, talking to the treasury, talking to the congress in providing ideas and approaches. So, we have had a lot of influence, i think, from an an
Expectations overall. The big question of linkedin is can it make an inroad to china . It is one of the u. S. Players that is not blocked. Keeping a close eye on that and all things tech. Hans, another conviction of a former s. A. C. Flow. Matthew martoma has been found guilty. It may make it less likely that rosecutors will go after steve cohen. It is looking like this may be the last conviction against s. A. C. Ryan, youre watching sochi on the games. Almost a proxy for putins hold on russia. The games get underway in 8 1 2 hours. That is when the opening eremony kicks off. It could benefit from the games on increased traffic. You have what manus was talking about. The time to get into the emerging markets. Jim oneill saying this is a buying opportunity. Mark mobius saying not just yet. We have plenty to talk about on the program. We have u. S. Jobs. A little bit of tech. Conviction in the u. S. Were watching sochi. What else are we watching . Goldman sachs caught my eye. They said g
Treasuries went up. A little concerned, perhaps, about the stock market. Now, we know one executive whos presumably looking for a new job today, Tim Oshaughnessy saying hes stepping down this year. Living social is not publicly traded, but there are a lot of guess about them being questions about them being the big competitor to groupon. Target now telling us that its data breach was worse than previously thought. As many as 70 million customers had their personal information compromised. Target also lowering Forward Guidance. Its shares are moving down just a few percentage points, but its sears getting slammed today after it also lowered its guidance. That stock down more than 12 . A little later on were bicycle to speak to speak to sears public enemy number one. He took photos of empty sears shelfs. He says sears has gone from a sick patient to one who is now in critical condition. We, of course, invited sears executives to come on, they declined, so im going to fight brian. Theres
There were a whole series of organizations primarily focused locally. Werent focused on the homeland. Melissa president obama addressing his controversial tee time after the murder of u. S. Journalist james foley. After the statement, that i made, that, you know, i should have anticipated the optics. You know, that is part of the job. Part of this job is also the theater of it. Melissa all right, here now to discuss simon constabling of the wall street journal. Jack hough, Senior Editor of barrons and dan schaefer, schaefer asset management. I want to ask each of you what does he have to say on wednesday after you will of that, simon . American people want him to defeat isis and needs to say what is necessary to convince them whatever that may be. Melissa convince them that he can do it. To do it. They want to be behind him. Had is one of the few things no one wants to him to fail and win and win big. Melissa jack, what does he need to say . There is a view of the president that is he
Apiece after the close yesterday. Checking the shares at the moment, up nearly 2, 21. 87. Facebook will likely make a bunch of new investor friends, because itll become a member of the s p 500, also the s p 100 next week, so this means facebook shares will automatically get snatched by some index and investment funds. Lets have a look, a huge session for the social network, 2. 58, thats 5. 25 , thats a nice jump putting the price at 51. 97. Now, unlike facebooks rally, lululemon having a sour day after it warned about a sheer forty be quarter. Fourth quarter. Straight to nicole pet lee d. C petallides. Reporter taking a look at lululemon, lori, looking you can see its down about 11 to 60. 78 a share. When lori says sheer, that was one of the many problems that lululemon has faced, they went back to the manufacturer, they had to recall some pants. That being said, theyve had to lower their fullyear numbers. They said Quality Control was an issue, getting the products back to the stores