The election . Were primarily stock pickers, risk managers and try not to have make row view. We werent surprised nor would we be upset if the market was down a lot. We look for areas of real opportunity. Stock pickers, you have been in touch with the Company Since the election, are people feeling about Better Things . You know, i think there is some thought that there will be some change in certain areas as far as regulation related to certain industries, but for us, the idea is to find the handful, a small handful of investments where we think we have a lot of upside, not much downside and where we think were going to earn a good return if the environment in macrosense never changes. Its amazing when you do that and the research is right, its amazing how many positive surprises end up happening because you protected on the downside. Lets let people know what do you and how you do it. Half a billion in assets under management with just about 20 names, is that correct . 20 to 25 names,
The election . Were primarily stock pickers, risk managers and try not to have make row view. We werent surprised nor would we be upset if the market was down a lot. We look for areas of real opportunity. Stock pickers, you have been in touch with the Company Since the election, are people feeling about Better Things . You know, i think there is some thought that there will be some change in certain areas as far as regulation related to certain industries, but for us, the idea is to find the handful, a small handful of investments where we think we have a lot of upside, not much downside and where we think were going to earn a good return if the environment in macrosense never changes. Its amazing when you do that and the research is right, its amazing how many positive surprises end up happening because you protected on the downside. Lets let people know what do you and how you do it. Half a billion in assets under management with just about 20 names, is that correct . 20 to 25 names,
The election . Were primarily stock pickers, risk managers and try not to have make row view. We werent surprised nor would we be upset if the market was down a lot. We look for areas of real opportunity. Stock pickers, you have been in touch with the Company Since the election, are people feeling about Better Things . You know, i think there is some thought that there will be some change in certain areas as far as regulation related to certain industries, but for us, the idea is to find the handful, a small handful of investments where we think we have a lot of upside, not much downside and where we think were going to earn a good return if the environment in macrosense never changes. Its amazing when you do that and the research is right, its amazing how many positive surprises end up happening because you protected on the downside. Lets let people know what do you and how you do it. Half a billion in assets under management with just about 20 names, is that correct . 20 to 25 names,
Quote, widespread employment gains, improved manufacturing, especially in autos and aerospace. Construction and real estate expanded and lending was steady or rising. Melissa, back to you. Melissa there you go. Very positive it seems like. Tom sullivan, what do you make of that . Well there is something that fundamentally, economics 101 is wrong with this and Federal Reserve is latest to do this they talk about the fact gasoline prices are down, therefore will boost spending. I go, where did the extra money come from . All it is im reallocating my money from gasoline to movie tickets. But i doesnt have extra money to put into the economist. They keep saying somehow people are spending more. Melissa they talk about widespread employment gains. A lot of upbeat language in there. I hear what youre saying. We had a pretty good fdp print. So which are moving on. Charlie has a scoop about uber. Goldman for uber. Why is it doing that . In preparation from ipo, from bankers, every firm, are no
Good afternoon, everybody, im ashley webster. Lori great to have you here. Will today be the day, the dow within striking range of an new alltime high. Ashley what about spending cuts due tomorrow . No sign of progress in washington. Whats new . Retired four star general Wesley Clarks take in mibs. Lori lou dobbs cuts through the washington hype as parties dig in ahead of budget talks at the white house. Ashley behind the business, me liz is francis live in austin, texas with a look at jpmorgan. Melissa . Thats right. Jamie dimon out on the road on a famous bus tour, my third with him, and out to rally the troops. It could be harder this time around begin the layoffs announced this week. 4,000 coming for branches like this. Coming up, talking with Pablo Sanchez, manager of consumer banking, drilling down on data used internally at the bank where they make decisions to decide what to do based on what their customers are doing. They have access to 50 million customers, one nugget, for ex