Reporting, what exactly chinese banks are and are not doing Going Forward with north korea . Sure. First of all, thank you for bringing it up. I think its an important topic. I did have the opportunity to go with the president to the u. N. General Assembly Last week. It really was an incredible experience, sitting in the General Assembly and listening to his speech. He also signed last week in new york an executive order, which gives the Treasury Department the most extensive powers on sanctions that we have ever had. These are very important powers. We will be careful in using them, but we think they will have a very big impact. I have to emphasize that its a Going Forward basis. Have they been exercised yet . They havent. We did have sanctions this week that was additional sanctions that were allowed under the executive order, but as it relates to financial institutions, as i have told my counterparts, it will be on a Going Forward basis. Obviously we are concerned about historical a
Correspondents on the 2016 president ial campaign and the first few months of the trump presidency. Cohosted by atlantic magazine and the aspen institute, this is just over an hour. Were going to get to tax reform because thats a very big issue set in motion by the president yesterday. I want to talk about a couple of issues that are also related to the Treasury Department because they are an important part of what you do and what the country is trying to achieve. Specifically with north korea. David petraeus on the stage saying he and others discouraged by trade numbers indicating china is trading with north korea. New sanctions were applied last week. What is your level of confidence those sanctions will change materially the chinese behavior . Can you clarify, because theres been different reporting about this, what exactly chinese banks are doing Going Forward with north korea. Thank you for bringing that up. Its an important topic. I did have the opportunity to go with the preside
Me jim cramer has the market lost its mind isnt it totally insane. After one more good day each of the average ascending to good highs. Nasdaq conveys. 2 ill admit, its kind of nutty, but bull markets are like that in a stampeding bull like this one, the level of optimism can feel border line delusional. Theres a widespread belief that everything works out for the best its really the stuff with novels not reality where the bad works into the good and the negatives turn into positives. Its like the saudi arabsound s mary pop pins. Now you may think its imprudent, capricious and total lilacing in any sort of rigger but what matters is this unreflective bullishness is making a lot of people money im going to lay out some particulars. Put it in a way that you know i like to do it, using stocks to tell the tale. First, theres exhibit a in the plan poe that run. You know which one im talking about, tesla this morning we learned tesla only manufactured 260 model three cars last quarter. Youre
Were going to get to tax reform, because thats a very big issue. Set in motion by the president yesterday. But i want to talk about a couple of issues that are also related to the Treasury Department, because theyre an important part of what you do and the country is trying to achieve. Specifically with north korea. David petraeus was just on the stage a few moments ago saying he and others are discouraged by the recent trade numbers indicating that china is still trading with north korea. New sanctions were applied last week. What is your level of confidence those sanctions will change materially . The chinese behavior . And can you clarify, because theres been different reporting about this, what exactly chinese banks are and are not doing Going Forward with north korea . Sure. So first of all, thank you for bringing that up. Because i think its a very important topic. I did have the opportunity to go with the president to the u. N. General Assembly Last week. It really was an incred
Tech giant its a whopping 80 billion in market cap does this prove you can never really bet again apple, will apple become the First Trillion Dollar Company tim seemo . I think you should never question the able to slowly change what the drivers you for your company we had this release. We then had concerns about whether they were actually getting the end demand meep why i think a lot of people have been trying to figure out a higher multiple for apple. So for a company thats added almost 1 billion in the market tap cap, which you can all do your searching and realize how much bigger that this, its been an extraordinary run im a little concerned about the anecdotal that tells you how strong the demand is we focus solve on the 8, it became such a consensus, sell apple off that event, and then off of the lack of demand. It was a buying opportunity for sure. When no one is there to buy it, theyre there to buy back their stock. Lets be clear about the service big. Their goal is to get it t