That are being organized on facebook and read it buying the stock, bidding it up, causing those institutions to lose money here. Talking to the tune of billions of dollars over the past week or so for the sec, Securities Exchange commission is watching this and a sec regulator told me you might be hard for them to find a violation. Listen. I think when it comes to regulating the speech or regulating content, thats a huge challenge and certainly from a securities regulation perspective. I dont think the sec can regulate speech which everyone has the right to regulate in the sense charging a crime for doing it. What has lawmakers concerned is that robin hood is billed as a free Trading Platform had actually stopped or halted trades on gamestop and some of these others that were shorted which allowed the institutions to make back some of their money in those shorts yesterday. If robin hood said it needed the pause to collect collateral for its clearing house. They raised A Billion Dollars
If its covid19 vaccine is effective. Jim, i know that citi news popped for you. Yeah, i candidly mike and donna are friends of mine and friends of my executive producer so i have to reveal that because i say its not about friends its about money this is jarring for those of us older than mike who is 60 but he did work there for 38 years, not retiring until february, but how great. When i spoke to him this morning, how great, jane fraser coming in. The Glass Ceiling in banking maybe a is finally cracking and its a great legacy for mike a period where net income increased from 7. 5 billion to 19. 4 billion, tangible common equity 12. 0 to 12. 5 and returned 80 in capital during mikes reign all those numbers havent necessarily led to great performance a of the stock but they are great numbers mike is a much loved figure as is donna, his wife and i regard them as a team and i know he wants to do many, many things in life and this is a soul searching time, he appointed jane last year, he ma
Laura. Jim, one of those every now and then we get a day that is truly consequential and that certainly fits at least the expectations for powells speech. I wish that we hadnt come in so hot when you have a company that gains 50 billion in one day, salesforce, when you have a tremendous number of nasdaq stocks that have just kind of out of control to the upside you dont want to have anything that could disrupt that i think its heightened, im glad were covering every minute of t david, you know that this is a day that we would normally be talking about abbott labs and talking about the mysterious tiktok mayor issue which are both huge stories but we have to defer to jay powell. We do we have to defer to powell we have to continue to understand what the fed Balance Sheet will look like with that 3 trillion thats been added to it which is a staggering sum, guys jim, your point is well taken. Yesterday salesforce i have rarely seen anything like that move, yes, they were extraordinarily st
Statistics. The United States now leads the world in the number of confirmed cases of the coronavirus with more than 1. 5 million. Another 2. 4 million workers filed jobless claims this week, joining the more than 38 million americans have applied for unemployment assistance since the crisis began. Veryl soon our country will reah another grim milestone. We are fast approaching the day when more than 100,000 american lives will have been lost to covid19, the size of a small city erased from the map. Speaker pelosi and i have sent a letter to President Trump this morning requesting that the American Flag be flown at half mast on all public buildings on the day the total reaches 100,000. As families all across the great country mourned the loss of friend, colleagues and loved ones, flying the flag at half mast would be a national expression of grief. And of course this weekend is also memorial day, where we commemorate so Many Americans who through the centuries have lost their lives for
Unemployment assistance since the crisis began. Very soon our country will reach another grim milestone. We are fast approaching the day when more than 100,000 american lives who have been lost to covid19, the size of a small city erased from the map p senator pelosi and i sent a letter to President Trump this morning requesting that the American Flag be flown at halfmast on the day that the toll reaches is see,000. As families all across this great country mourn the loss of friends, colleagues, and loved ones, flying the flag at halfmast would be a national expression of grief. And, of course, this weekend is also memorial day, where we commemorate the so Many Americans who through the centuries have lost their lives for our country. And we never forget them. We never forget them. I Hope Memorial day every american will take a minute amidst this crisis to remember our veterans who have served and made the great sacrifice and to remember their families as well. Now, in a flash, this di