Is time to double down on this red hot sector what it is and why the charts have it feeling so bullish. The feds stress test results are out. The fed is requiring large banks to limit dividends and buybacks after analyzing their resiliency during the pandemic the fed said that for the Third Quarter it is suspending the firms share repurchases, capping dividends and allowing them to proceed based on a formula derived from recent income the largest banks had already ended buybacks through the end of the Second Quarter but this actually takes it a step further. The fed will reassess those plans on a quarterly basis for the first time in ten years of stress testing, banks are required to resubmit their capital plans later this year to reflect the current environment. The vice chair notes there is material uncertainty about the trajectory for the economic recovery and its impact on banking organizations. Not all governors agreed to let the banks continue layouts even if theyre limited one g
Most vicious rotations i have ever seen. It brought some of the rocket ships screaming back to earth. With the dow advancing 85 points, the s p declined. 08 . The nasdaq plunged 1. 8 . Thats just a recovery from even lower levels. Were starting to see that buy f b its a breather, people, it had to happen eventually, you just cant have stocks go up day after day after day on nothing new. Which is exactly what was happening on the supertech stocks. Yesterday afternoon we started to see the money rotating into the down and outer stocks. And then the buying, the template for high growth, but it was an nvidia versus nordstrom battle. Nordstrom had been ice cold until the companys management decided to talk about going profit. To me, that was a wakeup call to cause us to responder whether or not we had gotten too bullish on the market. It got crushed at the opening, it ended up at plus 2. 83. This was just day one of that rally. What surprised me the most today, though, was that the rally al
The other big question, why call summit 2. 0 . The guy who hand delivered a note to the president from kim. What was in the letter the costume to say we will have another summit . This is only half, i cant give up all the sanctions for that part of the country. Jillian lets talk about the host of hannity who is reporting live all week. We want to ask what he thought of this decision for the president saying its not a good deal. Was this a success or a disappointment . Reporter the president was very clear, thank you for having me. The president is so clear all week, in telegraphing he doesnt want to rush this, he prefers a good deal and if it takes time it takes time. You know what is funny and i see this in the news media, they may be take a little bit of time and try to understand donald trump a little bit more maybe they could read the art of the deal. One of the bestselling Business Books in history. What does he say . If you want to be a great business person up to the last second
Hes taken the lead on guns pushing forward, understanding the nations the mans and its respect for the Second Amendment. Youll get to that issue in the moment. On White Supremacy, guns, substance in terms of positing policy action leaving leaving us from hate to hope and that is what President Trump was doing last week but what with the democrats doing the mac they chose hate. Hate directed towards the president and his supporters. They are so intoxicated by their own self righteousness and sense of moral superiority that i dont understand how their rhetoric has hurt. When the attack President Trump half of america hears it as an attack on them. The democrats called the president eight white supremacist. When he had literally Just Announced an allout assault on White Supremacy. They called him a racist when he has published an immigration plan that literally calls for over a million new immigrants every year as long as they come here legally and on merit. Ben carson nailed it. A racist
After hearing about bar staff in Fargo mistreating customers, the city made its de-escalation training mandatory for bars and restaurants which serve alcohol.After running its first course, Fargo Liquor Control Committee realized the material they were teaching to service staff was not the right fit.