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CNBC Fast Money July 12, 2024

From todays apple event we start with a major selloff in the financials the biggest driver in the market with the xlf falling more than 1. 3 citi dropping 7 today under pressure that regulators could crack down on the banks Risk Management systems the stock is now down more than 12 in the past two sessions guy . Dan nathan has been talking about this for a while one of the things weve said is todays banks are much different than ten years ago theyve become utilities you have to look at them differently and you have to factor in valuations much differently. Ill say this quickly about citi right now at 45 the stock is now trading 63 of tangible book, assuming that tangible book is accurate thats levels we last saw probably in the financial crisis these are trough valuations in terms of the price of tangible book i think Warren Buffett told you everything you need to know about us banks hes obviously paring down exposures in banks i think that tells you a lot as well in terms of citi, its

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CNBC Fast Money July 12, 2024

Social Media Companies ylan mui has more on the story reporter the dojs proposal strikes at the heart of the Business Model for platforms like facebook, google and twitter, section 230 of the communications ccc act the first is what theyre calling the bad samaritan bill, for platforms that facilitate or solicit illegal activity, and the second specific exemptions for child exploitation, and actual knowledge of elicit activity the doj cannot do this alone they would need congress to act to change the law. Big tech doesnt have a lot of friends on capitol hill these days just today, republican senator josh hawley unveiled a bill that would remove text Liability Protections unless the Companies Promise to act in good faith or pay a 5,000 fine to users if they dont meanwhile, democratic senator mark warner said that he believes section 230 has allowed companies to turn a blind eye to a host of ills, but melissa, he also said hes worried that the doj is using these tools as a way to get Big

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CNBC Fast Money July 13, 2024

Consumerfacing businesses and both are on the move in the afterhours session and we have Team Coverage to break down both of these reports and lets kick things off with csx with the call now under way and lets get to Frank Holland with the details. Melissa, shares of csx up, and something weve seen in a number of other companies and one of its competitors, union pacific. On that call the ceo says production demand was too hard to forecast in this covid19 environment. Also during the call the cfo kevin boone said the Company Raised 500 million in debt and the Company Believes it is in position for a potential recovery and maintaining a strong cash reserve. Our Liquidity Position is extremely strong with nearly 2. 5 billion of cash and shortterm investments at the end of march this represents multiples of what we would consider normal, targeted cash levels cash may be strong, but volumes are weaker year over year to start q2 its been seen in the three weeks since the First Quarter ended

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The only way I could afford my 66 Strat was to take the 66 neck off and sell it to a guy across the street, then go back to Manny s and buy an ESP neck : Marshall Crenshaw looks back on the making of his unsung, under-appreciated masterpiece, Field Day

The only way I could afford my 66 Strat was to take the 66 neck off and sell it to a guy across the street, then go back to Manny s and buy an ESP neck : Marshall Crenshaw looks back on the making of his unsung, under-appreciated masterpiece, Field Day
guitarplayer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from guitarplayer.com Daily Mail and Mail on Sunday newspapers.

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Pet Shop Boys Are Angry That Drake Didn t Clear Sample of Famed 80s Mega Hit West End Girls in New Song

The Pet Shops are angry with Drake. The famed synth pop dance duo say the rapper did not clear a sample of their mega hit "West End Girls" on his new song "All the Parties." The Pet Shop Boys write on Twitter: "Surprising to hear @Drake singing the chorus of “West End girls” in the track “All the

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