Program for you and not a lot of time. This hours going to fly by. Toms book is really a fantastic read, and but i do think that both especially in the United States theyre going the find the book controversial, and thats the great thing about a book. If a book doesnt generate a conversation, then it may not be worth reading. But this is a Glass Half Full story of chinas economy and the management of the Financial System. And its offered at a time when u. S. china relations are declining and attacks from all different corners in the United States of chinas system are growing. And theres this argument that chinas economy, how it manages that economy, is incompatible with the international system. And as a result, the u. S. And others need to reduce their exposure to chinas unique risks. The book tries to answer the question how did china manage to do it, howd they manage to continue to grow without a mayor financial cry crisis. And they keep it up. Im going to turn the floor over to tom
We will have more on that in a moment. But we begin with that onagain, off again merger of mrint andile which now appears to be very much on. After years of intense gulatory scrutiny, the Justice Department today approved 26 billion deal which brings together the nations third and fourth largest wireless providers. That news sent shares of both companiesighertoday, even thoughpp the aroval comes with conditions. Ylan mui rorts for us from washington. Reporter the department of justice giving the green light to the 26 between tmobile and sprint, but forcing the companies to sell some assets as part of the deal. Will the agreekment, sprint have to sell the prepaid business to dish and spectrum to dish. E company will have to make 20,000 sale sites and hundreds of Stores Available to hish. Dish woue access to tmobiles network for sevenar assistant attorney general megan gallahine said without the rger it would harg competition. It sets up dish as a dis iptive forc wireless. This agreement
That ges challenges are worse than anybody else in the market. They say its bod and could potentially get worse. So the problem with that kind of prognosis for shareholders is, you know, this this historically has been a orphan stock. Some people said i dont really need high returns. I feel like this company is going to endure and it will be like good enough or a market stock, and that has not been the case for a while the situation has been deteriorating. Its almost become a conglomerate, but in the negative connotation where people are saying why does this thing even exist in its current form, and, you know, maybe new management and some of the changes they are going to make cant happen fast enough. I mean, look, widely held name, a name you yourself had far different thoughts about lets say 18 months ago, had owned it you threw in the towel the best i know. It was technical. Im not like looking to get involved with the board. I bought the stock on a false breakout and i sold it for
Stocks and a retreat from record highs in the premarket. Amex, nike, and apple are all leading the dow lower. Plus, a big change at the top of American Express. Ken shenalt is stepping down after 17 years at the helm and 30 years later, lessons for black monday for todays stock market as stocks continue to break new ground we are set to open lower after wednesdays rally, in which the dow closed above 23k for the first time in the meantime, two dow components out with Quarterly Results this morning verizon posted revenues above consensus, helped by some Strong Performance in smartphones travelers, better than expected results, although it did suffer 700 million in catastrophic losses related to the hurricanes, harvey and irma. This nike downgrade, guys, is going to take some wind out of the sails, too you know, its funny. I question the value add of the downgrade. Which is, by the way, goldman. And the reason i question the value added, theyve got a big Analyst Meeting come up. Its all
Hes a showboat, hes a grandstander. The fbi has been in turmoil. You know that, i know that, Everybody Knows that. President trump says he was going to fire comey regardless. That is not only inconsistent, it contradicts inner ray way what this white house said was the original impetus for the firing of james comey. This happened at 12 01 or 12 01, fire him because he wore a red or blue tie, this shouldnt be a complicated process. I said if its possible will you let me know, am i under investigation. He said you are not under investigation. It is just scandalously unethical and im amazed they think this is a defense for his reaction. What is your reaction to this conspiracies . The message is resist, obstruct, deny, insult, insinuate. Severe thunderstorms and damaging winds are moving over parts of the south into the northeast. This becomes a chilly weekend rain climbing up through the midatlantic. Passengers had to be evacuated from a United Airlines plane after a scorpion crawled out