In the power of partnerships to lead change. I would like to thank the center for Global Security analysis and our wonderful partners in the museum of American Finance and the cfa society of new york who are sponsoring todays conversation. The centennial series was designed to shine light on emerging and important trends. One of the things we realized is reflecting on our history provides new insight into the current challenges that have disrupted and changed industries and Business Models. Todays session focuses on the challenges leaders at Jpmorgan Chase and Companies Face and survive as seen in the latest book jpmorgans fall and revival how the wave if consolidarion changed americas premier bank. I am very proud to say jpmorgan is the largest employer of business graduates and i know many of them are on the webinar today. The session will take place in a few parts. David cowan, president and ceo of the museum of American Finance will introduce Nicholas Sergeant and Consuelo Mack and
That era would have been impactful. He was the guy who put their ideas into steve jobs pushing him through to make them products now at a point their products are less revolutionary and more evolutionary i know a servicedriven model less about every year some really slickly designed new hardware device. Five years ago the stock would have been down 5 on this news i think youll see a sort of muted reaction. Youre seeing it down only around is which i guess is surprising what im concerned about apple they would be some trade war dynamic but a competitor around 600,000 does that a iphone could do. The other part of this would be app store and do people need to go to the app store and talking about that Services Revenue to what extent are there alternatives out there if anything apple has been on a regulatory pressure for that very dynamic those are the things that have me the most worried. Dan pointed out no evolution under jony ive the last number of years and evolution people are talkin
Speaker paul ryan had to quell a revolt. From bloombergs global headquarters, miami new york. Cannot in the new york we are just past 6 00 p. M. Not a huge rally in stocks but all the major indexes in green. We have the s p, also up one third. The nasdaq gaining just over 0. 5 . The joy from the u. S. Not being spread to new zealand as they have been training for a couple hours. The kiwi dollar, little change against the greenback. We are up a couple points at the moment but it is hard to get the idea so early because we have the staggered open in australia with stocks trading in alphabetical order. The aussie dollar unchanging. It did take a bit of a pounding this week with weaker than expected gdp and trade data. If we take a look at japanese futures, trades are out of chicago very slightly higher. Nikkei futures also looking a little bit healthier. The japanese yen strengthening against the dollar. Lets get the first word news. Thank you paul. Erupted across palestinian territory in
Lets get the price of oil up for you. Iea is putting out the report. They are saying they are seeing a glut last until late 2016. Another 12 months of oil glut. They talk about opec. They say opec will continue pumping. We saw december for opec is basically saying you can pump as much as you want. That is the picture for u. S. Crude. 36. 60. Brent 39. 49. A lot of investor saying we could go to 30. Emerging markets stocks are headed for its longest losing streak in six months as concerns grow about next weeks tread meeting. Mark barton has been charting it. Mark if you want to gauge how riskaverse investors are ahead of the fed Rate Decision on wednesday, look no further than the msci emerging markets index. This is the last eight days. For an eighth consecutive day. Period. 5. 6 over that this is the longest losing run since june. A slumping Commodity Prices to a 16 year low. Concerns about chinas economic slowdown and the prospect of higher u. S. Interest rates, which are lessening t
Against fat cat bankers. We will break it all down for you. And also bill go an hour contributing editor will be joining us. But first, ending the year in an appropriate fashion, yes falling again. Intercept and down almost 2 in new york today, bringing the loss in 2014 to 46 for oil. It has not fallen this much since the financial crisis six years ago. Mean time, in the meantime and search crews have recovered more bodies and debris in the java sea from that crash. The airbus a320 crashed on its way from indonesia to singapore. Indonesias president spoke at a briefing. My deep condolences to the families of the passengers and crew. I am feeling their loss and i am and i pray that they are given all of the courage and strength to base this tragedy. Like they were 162 people on board there were 162 people on board. A couple of weeks ago the fbi said it had enough evidence to link the attack on sony to north korea. But every connection it looked that turned out to be a deadend. At least