The ceo making some comments, saying they did not finish as strongly as they would like, but part of it is the expense reduction role. That has been a big scene for all the big banks now. The common ratio of 10. 5 . Citigroup says it is committed to achieving its financial target for 2015. Shares are down in early trading. Lets bring in bill. You have been studying banks as an author for the past decade. To be investor, the numbers feel like a disappointment. Based on the way you look at the world, city is a bank to be fact the ceo the is trying to go back to the basics. I know the former republican nominee mitt romney said corporations are people. I do not know if we need to be praising individual institutions, but i think while these banks will be struggling to figure out what the new environment is and how to work with the new environment and make money with the new environment, this could actually be the golden age of all straight. If you think about it, what is really going on . T
Ritholz. Very excited to have you here today. Im pretty excited about all of the interesting crosscurrents going on in the market. On the one hand, you have a group of very local bears talking about every pullback as it this is it, this is the top. And then on the other hand, there are some fairly relentless bowls who are just quiet relentless bulls who are just quietly eyeing stocks wer continuously. We will talk about that, but lets get to the newsfeed. Bank of america posted a First Quarter loss, a mere 6 billion in costs linked to mortgage disputes. Resolving issues over home loans and foreclosures have cost be of billion have cost bank of america more than 50 billion big ones. Shares have fallen three percent so far this morning. Ann shares of yahoo are trading higher today. Ceo Marissa Mayer can thank jerry yang. I say, alibaba is preparing to go public and it reported a 66 jump in their overall sales. Yahoo owns one fourth of the company. Company again and trading today, opening
Lets move across the pacific ocean, it greg autry an entrepreneur, writing and educator focusing on china and is the senior economist for the American Jobs Alliance is an economist with the coalition for a prosperous america. He cowrote with the movie death by china it has contributed to another book the china wars and will talk today on death by china death by china confrnting the dragon a global call to action. [applause] thankyou. Coming to the university of california in Orange California i will be a usc this fall. And i rarely get a chance to look out for those who dont think i am crazy net case. Also with the ideology ironclad to hear you to have you here. Of with like to stay and it for just a moment if i could we will do something absolutely crazy we will say the pledge of allegiance. Are you ready . I pledge allegiance, to the flag, of the United States of america. To the republic for which it stands, one nation, under god, under liberty for liberty and justice of all. Did you
New urban pocket forests have sprouted around Cape Town in Langa, Mitchells Plain, Bo-Kaap, Pinelands and Philippi. They were planted using the Japanese Miyawaki afforestation technique, transforming vulnerable urban spaces into thriving green spaces that support biodiversity and ecosystem rest.
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