Comes on the heels of a disappointing quarter that saw the firm notch its worst ever results in the commodities business they say this is kbws note today we have more questions than answers about the franchises health at this point in time. Should we . Well. You take one quarter two quarters of bad trading yeah, we can ask the question. I think the question is a little bit bigger than one or two quarters this is a firm that over decades has had a little bit of a tugofwar going between Investment Banking on one hand and trading on the other hand. Youve had a guy at the helm for ten years thats a trader extraordinaire in years past youve had Investment Bankers like hank paulson running the firm i think the question is where are the Investment Bankers picking up slack from the trading which in the last two quarters hasnt done so well is it time to rethink owning this stock it is time to rethink it but when you rethink it youll come out its 1. 2 times book value. It can get a little bit ch
Threatening,ery beyond a normal statement. Senator john mccain cautioned on the importance of a president talking about things they werent willing to do. I take exception to the comments because you have to be able to do what you say youre going to do. I dont know what he is saying up i have long ago given trying to interpret what hes saying. We are joined by kevin cirilli. Reporting from hong kong is our colleague who leads our coverage of east asia. I want to talk about what the president is saying in new jersey yesterday. Do we know whether general kelly said at this in advance . Invented this in advance invented that vetted this in advance . Administration who say that with regard to military strategy the president is making good on his campaign prominence in the sense that he is not looking to broadcast or forecast what his military strategy would be and that is why you are seeing him embrace this level of unpredictability. Yous very different to say are going to be unpredictable
The moon is about to go dancing with the star in an incredible display of celestial choreography, the moon will step gently in front of the sun and completely block it from view. Day will turn to night in the first total eclipse of the sun in the continental u. S. In 38 years. You will not want to miss it. There will be another one until 2024, the zone of totality. Youll be hearing that word a lot stretches coast to coast across 14 states from oregon to South Carolina. Within that 70mile wide band the eclipse will be total. Total anywhere from two to two and a half minutes. Other parts of the country will see a partial eclipse, the moon will block anywhere from 5090 of the sun. Well be following the total eclipse in realtime as it progress across the country, west to east. Oregon will see it first in just a few minutes. At 16 past the hour we have correspondents there and in other kilo occasion across the zone of totality they are totally into it. Were on the campus of the university o
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Test. Test. Test. Thank you. Senator, if i could just interject, you mean, youll help us modernize the irs . It would be one of my great priorities. That would be a wonderful thing. I hope thats at least a bipartisan issue that we can all agree on. Since the chairman used part of my time, id like to get this question here. H in 2012, i used the International Tax reform act to help fix the tax code and promote u. S. Economic and job growth and that bill would help to right the ship and make more certain so that u. S. Companies are not at a competitive disadvantage with foreign companies. It would give American Companies ens incentives to create jobs in the United States so they can win globally. I would encourage u. S. Companies to develop and keep rights to their ideas and invenges in the United States rather than shift them over offshore. Do you agree it places u. S. Companies at a competitive disadvantage with foreign counterar counterparts and work with me on International Tax refor