Akwy sessiak ak akwywy situation of etrade. Will has the highlights. Hey, carl as you said, just last hour we were talking with james gorman, the ceo, and said he first got attracted to etrade back in 2002 when he was still at merrill. He said the conversations this time got real in december. Heres what he had to say about that 13 billion price tag i never worry about strategy. Im never trying to copy what somebody else is doing we have to do whats right for Morgan Stanley you have to be opportunistic, move and move quickly. We put in a very full, i think appropriately, a bid for a Great Company with an iconic brand if we tried to to do it on the cheap, that would have created turmoil. You get the job done thats what we did this is what he said about the rationale for the deal we bring in a group of technologists that i think will drive Technology Platforms even further than that weve been able to do they have Online Banking we can roll that to premium clients. We have a lot of young c
Barrel yet again. It is a multimonth low, down another bit. And certainly today while its up 1. 5 , the question is what is the selling point of the Iran Nuclear Deal beyond low oil . Because iran will flood the market with oil it has on its land. The Obama Administration on the Charm Offensive this hour trying to work on other points here to sell. The president expected to make his Iran Nuclear Deal pitch to major American Jewish Community Leaders in less than 90 minutes. This after israeli Prime Minister Benjamin Netanyahu made his case against the deal to the same group. Wrapping up a questionandanswer session just over an hour ago. Now, secretary of state john kerry making his case on iran to americas gulf arab allies yesterday. He actually got an endorsement from the nations of the gulf cooperation council. Kerry forging ahead today on his international tour, pushing this deal, visiting singapore, depressed asian nations on support for the president s free trade deal as well. Nego
Holiday shortened but jam packed week. Futures are lower. S p on a sevenday win streak. Europe relatively mixed, tenyear 224 income and spending in line. Case shiller in line as well. Our road map begins with the president back on twitter, reigniting harsh rhetoric with germany. It is a tech led rally. Amazon and alphabet getting near the 1,000 mark. The summer movie season, is it in trouble . The shortened Holiday Market week see if the s p will extend its win streak to eight. The president wrote we have a massive trade deficit with germany plus they pay far less than they should on nato and military. Very bad for u. S. This should change. It suggested german automakers behaving badly. Is it too to imstop being so polite on germany, jim . It is the European Union and germany is emblematic but you look this morning we dont want to raise rates and dont want to get off of life support. Germany has numbers that are extraordinarily good and i do think that the mexican buildup of cars by bm
Half months. Almost a sign the market is too expensive . Well debate. A buy recommendation today. Yes. That helps. Timely. Yes. And this you probably have seen it, the shocking video after this United Airlines passenger being removed from an overbooked flight, just chosen random randomly to be taken off the flight. Response from yuunited and whetr bad press for airlines is a problem for airline investors. Crazy, cia zrazy story. But we begin with oh, and we may have a surprise guest today as well. Stick around. Thats all ill say about that. We begin with a new report of wells fargos fake account scandal. Additional clawbacks from the former ceo and Top Executive. Working this story heavily today, youve done a great job on it. Give us the latest now. Thanks, bill, so, yes, the headline is that most of the blame is being placed on former head of the Community Bank who was fired for cause and made to give up an additional 47 million today. Though the lawyer said we disagree with the repor
Dramatically. Asian markets fell between 1 and 2 . In his victory speech last night trump struck an optimistic tone regarding americas future. We must reclaim our countrys destiny and dream big and bold and daring. We have to do that. Were going to dream of things for our country, and beautiful things and successful things once again. Jim, we talked to you last night before the race was actually called. Your thoughts this morning. Well, look, i think that people are going to be divided between those who say that he is pro business, not necessarily great businessman because we have people pro business, lower taxes, pro business, lower taxes are things historically that if it were anybody we would say thats good for the stock market. This is a man who likes his kne neilsen ratings. Hes very sensitive to the idea that stocks are overvalued. But at the same time i dont think he wants to hurt someones 401 k . I do believe that he has said that and has always been very comfortable with borro