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Charles schwab is expected to buy ameritrade jim as you noted on twitter, the unprecedented influence of robinhood. Yeah, look, when youre out here, you realize there are players. David talks about them a lot, including softbank, theyre fun organizations with no real growth path for earnings a fabulous growth path for revenues this robinhood has been an incredibly well funded sensation particularly among the younger demographic. Its very hard to fight a company that will you play for free and thats exactly what disrupted this industry was Venture Capital money. Think about it, its been a stable oligothic for a while. Why not surrender to schwab . This makes so much sense now schwab will be the largest asset gatherer, incredible machine. I this i schwabs store, we dont know the ratio, this deal done makes schwab go up a lot more than its up right now. David, lets talk about this deem we got some paypal news as well. Mna is getting ....
Ameritrade becky quick will join us in a few moments. A lot of conversations about what we think the brokerage business is now with zero commissions, how it leads to Advisory Services and implications around Financial Services. It is best performing stock in the s p, e trade the word speaks to the fact theres expectation of more consolidation. What it means for tech startups, names like robin hood and names out there, brought in disruption, now being given a run for their money. I dont know why e trade is the word in terms of more consolidation. You would think thats a big plump turkey ready to be stuffed. I think the market expected that name to be first to be taken out. Often times when these things happen, the next one ends up getting bit up thinking back 20 years to when e trade was robinhood. They were the new kid on the block, shaking up the way the others were o ....
Ah. Just when you thought that it couldnt get any worse, federal workers and retirees owe the government more than 3. 5 billion in unpaid taxes. That is just from last year. That is according to the dedicated number crunchers over at irs. Lets bring in todays panel. Fox businesss david asman. Along with Brad Blakeman, former senior staff member under president george w. Bush. We also have James Freeman from the wall street journal. What kills me about this story is not necessarily the fact that you have federal workers who didnt pay their taxes because people out there also not paying their taxes. It is how inefficient the government is that all they would have to do is garnish their paycheck. Like you have the money that they owe you. And instead you give it to them and dont give it back to you. Am i being too hard on government, mr. Blakeman . You are not being too hard. It i ....
Driving. Amid rumors of drug and marital problems, is this a cry for help from Khloe Kardashians husband . And honest answer. An excon allegedly takes a taxi to try to rob three banks in a row before hes nabbed. And this morning, he has a very funny exit line. Are you sorry you did it . No. Im sorry i got caught. Got to love an honest criminal. Good morning. And happy Labor Day Weekend. Also coming up this morning as we kick off this holiday weekend, a warning on the beaches. A spike in stingray injuries, making even the toughest of tough guys writhe in pain. There he is, after a stingray attack. He looks tough. But it hurts. Some beaches have activated stingray Treatment Centers. Can you believe it was 16 years ago today that Princess Diana died in a car cr ....
Driving. Amid rumors of drug and marital problems, is this a cry for help from Khloe Kardashians husband . And honest answer. An excon allegedly takes a taxi to try to rob three banks in a row before hes nabbed. And this morning, he has a very funny exit line. Are you sorry that you did it . No. Im sorry i got caught. Got to love an honest criminal. Sorry i got caught. Good morning. And happy Labor Day Weekend. Also coming up this morning as we kick off this holiday weekend, a warning on the beaches. A spike in stingray injuries, making even the toughest of tough guys writhe in pain. We have some picture of guys really struggling. There he is, after a stingray attack. He looks tough. But it hurts. Some beaches have activated stingray Treatment Centers. Yeah. Its so prevalent now. Can you believe it was 16 years a ....