Are authorized to participate. Even when they are not recognized and that they are responsible and then to convince themselves after they finished speaking consistent with the regulations and only is appropriate. All house rules related to order and decorum applied to this remote hearing. To hold financial regulators tyaccountable and in conclusion perspective from the offices of minority and women inclusion. I now recognize myself or four minutes to give an opening statement. Todays hearing focus Holding Financial regulators accountable with diversity and inclusion. Our country is facing covid19 and an economic pandemic and the fight for social justice. These challenges have reached our personal relationship in the unprecedentedys way. I appreciate all the witnesses i am hopeful we will be able to strike a balance between Historical Context with the demand of greater industry inclusiveness and transparency and accomplishment 2020 marks the tenth anniversary of the dodd frank reform ac
But i the gdp data out think out of the United States, it continues to tick a little higher, may be the speed on this recovery we have seen in the last few months, what will we talk about later in the hour . Airbus cut jobs pretty hard. I spoke to the companys ceo. Balance how to put the business in a position where it can recover. It difficult balancing act. A lot of Industrial Companies are going through it now. A great point in terms of all of the pipelines. Economic data in the u. S. Is painting a picture of jobless claims rising, secondquarter downturn,s sharpest and now, hsbc global chief economist. With the pair the data stalled stimulus talks in the u. S. If you had a Third Quarter or Fourth Quarter gdp production years ago, what is it now . Certainly, better revisions selecting the contraction in the q2 figures, but also less than the second half of the year. As you point out, that will be influenced by what happens from the next round of fiscal stimulus, assuming we get one i
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
Its definite. But, and this is a big but, you know what . I think its time that we just shade things i think we should take a little off the table. Why do i say that . Its not just because when i walk around downtown manhattan, im hearing more hey, make me some money cramer catcalls than i am booyah or i love the show sho sho shout outs its all the issues that have dogged the market suddenly seem to have gone away. So im feel like we got to kind of pan gloss moment here pangloss frankly, it means that were in a position let me just say the pangloss sellers, thats not what im talking about, the great vineyard in sonoma i like that. Were not talking about delicious cabernet here. Were talking about voltaires pangloss all is for the best isnt the best of all possible worlds pangloss whenever we start getting that vibe, it makes me want to sell something, because the best of all possible worlds nevertheless first of all, lets talk about whats going on right now, right now because there are
Ad, charlie the tuna got shot down sorry charlie. Starkist did not want tuna with good taste, they wanted tuna that tasted good i dredged it up because today the market rejected charlie. And they went with tuna that just plain tastes good solid real, clean copies with no flaws and consistency. If you look at the averages, this would have seemed like a sedate day nasdaq declining 2. 30 when you dig deeper, there was a major rotation out of the charlie the tuna stocks. And in to plain old albacore packed in water. It started yesterday when the banks reported better than expected especially with the curb of them being able to make money off of your deposits. The banks have so many other robust earning streams that we dont have to fret about the yield curve as much as we once thought. There was an 8 Revenue Growth and the stock roared from 116121, it was a bank to be it was pointed out the consumer continues to be quite strong, end quote. Hey, gloomers and doomers, listen to jamie. The mar