Blogger undeniably some bad apples, this is not a case about bad people doing bad things. The majority of folks and nospace are trying to do the right thing every day. Enough of the problem is good people operating within a structurally flawed system. A market that sees personal financial interest of the advisor in the firm all too frequently missed the links in the best interest of the country. The result is what we saw happen. Our goal is straightforward to align the best interest of the customer what does that the advisor in the firm. The proposed rule in the product of a significant amount of average to stakeholders. I appreciate support from so many in the industry. People are trying moynihan, ceo of bank of america is bank of america is it doing what is in the best interest for customers is absolutely the right thing to do. Founder of vanguard very strong supporter will hear from the witness sure they have played in this space every day as a fiduciary work in the small investors
Anna warm welcome to bloomberg daybreak. It is the first jobs report under the tenure of the new president. Steady as she goes seems to be the consensus from the markets. Thenumber is 180,000, below six months number and below the 12 month number. On the nose at 100 80,000. Who is hiring . Itroll is feeding through that it is the small firms that are hiring. 18 of the small firms are doing the biggest share of the hiring but it will be all about the wages. We are looking for 2. 5 . Anna it will be interesting to see the response politically we will get. Trumpt extent will donald take credit for the resurgence in the animal spirit and the increase in job creation. During the campaign, he was casting doubt on the validity of the unemployment data sticks. Saying that a head the unimpressed that they hid unemployment. Honda is listing their operating profit outlook two ¥75 billion. They are giving their numbers. It is coming in above as to meds. A good set of numbers from honda. But polit
Happening 30 minutes away from the end of the friday session. Stoxx 600 is up for the second day. Were headed for the second weekly drop in three. The bestperforming industry group. Sharesthe spanish lender 9 earlier, falling the most june 24. The lender, which has repeatedly Cap Investors for funds, reporting a worse than expected quarter. It booked for provisions of last year of 5. 7 billion euros to cover costs, cover losses for items including loans, real estate, and excess interest charge to mortgage clients will stop it left it with a fully loaded direct rating. I figure the lender says it could improve by boosting earnings and selling off noncore businesses. Shares in the last year are down by 54 . We were talking about insurance. This is europes bestperforming stock. This is a oneyear chart. Rising jump since 2008, by 10 . Shares of a record as well. Lloyds of london insurers, profit thomas does profit, the estimates. Insurers, of london shows profit, beat estimates. Earnings a
And the new dissent defense secretary has a tough talk for north korea. Its due out 830 this morning. The new york stock market futures dow up 18 in the premarket. They come back from a long holiday down one half of 1 . Entropy in japan the central bank which is more economic stimulus. Unveiling some details of the 3 Million Initial Public Offering but will it store like facebook did or sink like twitter. We will have details. Slowing sales growth is disappointing. The stock is down 4 in premarket. Its super bowl friday. We will have live reports from houston for you. Its 5 01 a. M. Here in new york. Welcome to fbn am. The latest breaking news. We are wearing red today to support the American Heart Association go red for women and Movement Movement in their fight against heart disease. And maybe the falcons also. And maybe the falcons also. Report say an armed man carrying a suitcase reportedly attempted to attack a french shoulder. They opened fire in selfdefense the suspect was carry
We will hear testimony on the nomination of jay clayton be secretary of the Exchange Commission. Extensive command experience as a securities lawyer. For decades he has helped Companies Access cap bull the ability tose invest in the United States and grow and create jobs. One area he is already indicated he will focus is cap formation. Drive innovation and job creation and access is the lifeblood of our economy. The jobs act helped revitalize markets published in the fec should find ways to help companies go public and allow their investors to share in their success. Recently this committee marks of several bipartisan securities bill and we encourage you, if confirmed, to identify other security areas which could help legislative improvements. The sec has an important threepart mission. Protect investors, maintain efficient markets, and facilitate Capital Formation. Each part of the mission is equally important and should not come at the expense of the other. I raise this because the s