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Im melissa lee, coming to you live from studio b at the nasdaq we start off with a sharp reversal in shares of jpmorgan today. The big bank hitting an alltime early in the session, but taking a tumble midday. The drop coming off Ceo Jamie Dimon said this at the companys investor day i think were in a very good position to continue to invest in our future, and were not going to buy back stock now. Share buybacks have been a big driver for stocks this year. Look at the gains in alphabet and apple since the Companies Announced massive repurchase plans. But with stocks at alltime highs, the nasdaq posting a record close today the dow setting a new intraday before pulling back. Have valuations gotten ahead of themselves if jamie dimon is not buying at these levels, the question is, should you why are you laughing already you read my mind. Im thinking to myself, if hes not bu ....
The decision to brief then president elect trump alleging that russia has compromising information on him which cnn was first to report. we thought that it was important that he know about it. that was the main point. not to comment on the veracity. in the wake of the revelation mr. trump publicly criticized the intelligence community. even comparing it to nazi germany that prompted a phone call. very concerned as many in the intelligence community quite upset about the likening the intelligence community to nazis. i felt obliged to call the president elect and appeal to his higher inc. stingts. and understood what our motives ....