Sales practices that triggered an explosion of powerful, addictive opioid prescriptions. What we found was seedy and outrageous. I think sometimes white collar criminals are more dangerous than violent criminals. ticking im lesley stahl. Im bill whitaker. Im anderson cooper. Im jon wertheim. Im scott pelley. Those stories and more, tonight, on 60 minutes. ticking just in case i see your face i may be acting crazy now its getting late they took my heart away but ill be okay, cause in my dream world im still your dream girl ooh, im still your dream girl ooh and other Money Managers dont understand why. Because our way works great for us but not for your clients. Thats why were a fiduciary, obligated to put clients first. So, what do you provide . Cookie cutter portfolios . Nope. We tailor portfolios to our clients needs. But you do sell investments that earn you high commissions, right . We dont have those. So, whats in it for you . Our fees are structured so we do better when you do bet
White house briefing. We will be monitoring that for any headlines as they come. Shares of the biggest banks, citigroup and bank of america, plunging today after disappointing Earnings Results revealing just how hard the pandemic is hitting them. Goldman shares ended the day up. Their portfolio took a big hit. Joining us now, sonali. Walk us through these big loan losses and why did banks do so poorly today . Sonali these loan losses are the number one reason we are seeing issues at the big banks. This might get worse in the coming quarter. Let uncertainty as what is making investors nervous. When you go to bank of america, they expect they are considering what a recession would look like into 2021. You are drawing out time frames that go well past a couple months that people expect the economy to be closed for. The banks are factoring in the reality that the American Consumer will not be able to spend as much and that there will be bad loans as people are not able to pay back all of t
This discussion on i think a selfevidently important topic, and this is a great reason to be discussing this. We are obviously to highlight, promote, discuss this great new book which justte came out on tuesday i believe, the third was the official launch date. And this is about a topic which is incredibly relevant important but as the authors discuss, understudied and under emphasize its i dont want to waste too much time you with a big long intro. Ive only have an interest i can highlight the work of aruna next to me who is been doing really fantastic reporting for the wall street journal on the same topic and the going to quote from one of her stories from april of they should because us upst nicely where a piece with a colleague dustin the first sentence says chinese spies are increasingly recruiting u. S. Intelligence officersg as part of a widening sustained campaign to shake loose government secrets. Current and former u. S. Official said china has also grown older and more succ
Today. Really delighted. Its a selfevidently important topic and this is a great reason to be discussing this to highlight, promote, discuss this great new book that has come out on tuesday, the third was the official launch date and this is about a topic which is relevant and important and its understudied. I dont want to waste too much time here. I will only have an intro so i can highlight the work of a reprint for the wall street journal on the same topic and im going to quote from one of her stories from april of this here because iyear because it sp nicely where a piece coauthored chinese spies are recruiting the u. S. Officers as part of a sustained campaign to shake loose the government secrets and current and u. S. Officials say china has grown bolder and more successful in traditional spy games including targeting the less congressional and then she quotes the now infamous tape and by the fbi that no country poses a more Severe Threat in china and they are doing it through Ch
But as the authors discuss, understudied and on underemphasized. I dont want to waste too much time at the big long intro. I will only have an intro so i can highlight the work of ab next to me whos been doing really fantastic reporting for the wall street journal on the same topic and im going to quote from one of her stories from this year because it sets us up nicely where in a piece coauthored with her colleague dustin boltz she says, chinese spies are increasingly recruiting Us Intelligence officers as part of a widening sustained campaign to shake loose government secrets. Current and former u. S. Officials say china has also grown bolder and more successful in traditional spy games including targeting less conventional recruits and she quotes the now infamous statement by Christopher Wray the fbi that no country poses a broader and more severe intelligence collection threat in china they are doing it through Chinese Intelligence Services through state owned enterprises through e