Jamie dimon says he is tired of the focus on shortterm results. Hello, and welcome to daybreak asia. I am haidi lun here in sydney. Betty and i am betty liu in new york. We are thankfully not talking too much about north korea. It is all about the iphone. And apple shares and how they are reacting. But i know you have breaking news on south koreas job data. Haidi the unemployment situation in south korea has been a real problem and the Key Campaign Promise of the new president. Augustthese numbers, the adjusted jobs rate at 3. 8 . A little higher than the 3. 7 expected. Still continuing to be an issue. We are watching the data more closely coming out of south korea, given the trials and tribulations with the north. If we take a look at the markets, it was so much and apple story. But also the absence, continued northrom hurricane irma, korea, that pushed markets of higher overnight. Big relief rally yesterday, that may have carried over into todays trade. It lets see where the markets
Carl quintanilla with jim cramer a solid open as we watch more good Bank Earnings and consumer inflation that is a touch cool 10year core cpi runs 1. 7 year on year. Wells fargo with earnings, does it point to a strong season of corporate results . Tech policy head winds, the fang stocks are set to open higher. Amazon and alphabet above the 1,000 mark and 21st century fox down in the premarket following the drag from comcast and direct v owner at t bank of america better than expected as improved lending activity and higher rates offset weaker trading revenue and wells beats on the bottom line but revenues miss and that stock is lower as we watch efficiency ratios. Wfc, wells does a pretty good job of not talking about the issues that beset wells fargo. I will say in their defense, there was not a decline in average deposits, up 4 . People are not fleeing wells fargo. Bank of america has become the bank that i always thought it would be, the consistent bank where you can put a price to
Investments, as well great to have you all here get to you in a second but i want to start with you, lee, if i could. Why are you speaking out its a good question. I dont have any dog in this fight. I retired from the board five years ago. I made a mistake i gave all my stock to charity i should have given cash, because the stock has almost tripled in the five years that im off the board. But i feel and i have, like i said, in dog in the fight. And i know and respect bill ackman so its difficult for me but notwithstanding, i consider his behavior to be, in this instance, somewhere between foolish, inappropriate, and irresponsible. And i feel its my job to speak out and speak my view. What was your reaction, though, when you sort of first found out that he was i was somewhat incredulous. Let me explain, basically. Ben graham wrote a book, i think in the mid50s called the Intelligent Investor and he pottsized in that book that an an analyst evaluates management twice in the decisionmakin
Disorient attackers by shutting off lighting or sounding alarms and pilots can depressurize the cabin and knock out the attackers due to the heart rate. It could save the lives of others on the ground. You can assign air marshals in airports to find terrorists and bombs before they go up in the sky. Hiring thousands of flying air marshals after 9 11 was a natural reaction, but it should have been a temporary detail and not a career. Not very many young and ambition people yearn for a career in the airline seat. They said half the job would be flying and the rest would be time to recover and investigating. 14 years later, air marshals tell me there are still not ground opportunities. We should train federal and local Law Enforcement officers to quickly deploy as a reserve air marshals in order to respond to specific threats. Finally all federal employees are reluctant to report money wasted in dangerous security lapses because they do not want to gamble with their careers, and the tiny
Politics and prose. On behalf of our great staff we welcome you all and we want to thank our friends and partners, we love doing events here. How many of you have been to an event here before . All right. I can see why youre coming back. Its one of our favorite venues and specially excited for tonights event. So i think youve been given introductions on how this is going to proceed. We are really honored and pleasure to host a woman recognized by millions of people across the country and around the world, most of us and most of you know her as one of the most influential and toughest journalists in television. Shes also a former highpowered lawyer. Shes a mother of three and perhaps most important shes also an author. T thn kelly is here to talk settle more more is a memoir and the one thing i can say with assurance being on the Book Business is that theres an art to writing a memoir. Theres even more of an art to writing a good memoir and more of an art writing a great memoir. It has