35 Burst results for "Ameritrade"
Bloomberg Radio New York
"ameritrade" Discussed on Bloomberg Radio New York
"So much, we appreciate that. Well, on other, what I think is going to be potentially big news, U.S. regulators took the first step toward the most widespread revamp in more than a decade of the way stocks are traded, a move that aims to spur better prices for investors and direct more business to traditional exchanges. Folks, that's all I know. But I need to learn more. I think it's important. So let's bring on Larry tabby. He's head of market structure research with Bloomberg intelligence. He actually does this for a living and he's very good at it. Also managed to have Barry rid holt stick around a little bit. He knows a thing or two about markets, so he'll be joining us as well. Larry, can you, in layman's terms, tell me what the SEC is proposing here? Well, they put out four proposals. The first is greater transparency on retail broker execution quality. So basically giving individuals the ability to see if Robinhood or Schwab or ameritrade or whoever has better execution stats than the other. So that's generally good. The second is going to be reducing tick sizes. So the tick size now, which is basically the spread between the bid and the offer is set at a penny for all stocks over a dollar. They want to reduce that and they're going to create four different bands for the most active and Titus stocks. They're going to wind up making that a tenth of a set. For the next tier, it's going to be two tenths of a percent for the next year. It's going to be half a penny and then for all of the things that generally wider than a four cents, they're going to make, they're going to leave at a penny. The third thing is they want retail investor orders to be auctioned off. So they're going to try to get a larger percentage of retail flow into exchanges to the auction. And then the last is the best execution rule, which not just only applies to equities, but applies to all other securities asset classes that the SEC looks over, which would be bonds, option, I guess, bonds and communities and corporates and things like that. So Barry, hop on in here for the average investor, what does that mean? Good thing, bad thing? Yeah, any time spreads tighten any time you make the cost of execution a little cheaper, it's really good for investors because their costs go down and we know that costs are a big drag. As much as we forget because the changes happen so incrementally over time, this is and as much as apps like Robinhood and the gamification have been in fomo have been a crazy distraction, this
Tech Path Crypto
"ameritrade" Discussed on Tech Path Crypto
"Every bank in the land is going to be dealing with this right now. So all those banks out there, whether it's PNC, you look at TD ameritrade bank, all of the major 5 are going to be pulling into this into some pretty interesting positions. Bitcoin, of course, is isaf haven status as a lot of this kind of flows into this whole gold correlation. And this is Bank of America saying this again. So think about this for a minute. You've got Bank of America starting to play a little bit nicer in this area. And they stayed it right here. Bitcoin could once more be viewed by investors as a safe haven. Thanks to recent market activity. This is based on the Bank of America analyst. And he looks at it pretty straightforward is that it has a correlation with gold prices. Yes, I know Peter Schiff would not like that. Peter, if you're listening to this, I hope that the gold bug has gotten off of you and you've come over to the light and understand that crypto is the future in this is going to be something that's sticking around for quite some time. Either that or you're going to get a chance to just hate on it for the next 20 years. We'll see. Here's the interesting thing. Analysts wrote a decelerating positive correlation with SPX, a rapidly rising correlation with gold. Indicate that investors may view Bitcoin as a relative safe haven as a macro uncertainty continues and the market bottom remains to be unseen. This to me is something I've talked about with Bitcoin around this market for a very long time. I believe it already is the safe haven, not investment advice, but I believe it already is a safe haven of where this is going. In the future. And I think this all ties it in to where the banks are going and why they are going there. Well, why are they going there? Let's think about it. How about this reason? Bank of America says young people, 7.5 times more likely to hold crypto. So they're sitting there going, hey, wait a minute. I've got young people. In my bank right now, I'm going to lose them to some crappy place like XYZ, or this particular neo bank, or revolution coming in and swiping me or ally growing on digital, or you've got M1 Finance, and so coming in with these sub banks.
Thinking Crypto News & Interviews
"ameritrade" Discussed on Thinking Crypto News & Interviews
"We talk about hot versus cold wallets. So we have both traditionally cold is very difficult to do and very difficult to do well in very difficult to access, which is the entire intent of that. And so we leverage that as much as we can. We want our customer assets to be safe. And so as we think about expansion of custody in the future, those are the types of things that we look at. In terms of the custodians that we want to use and I would expect those will be the types of things that matter as we get regulatory clarity and in additional participants enter the space enter the custodian space, right? A point to you have anchorage you have baker New York Nolan, very large traditional custodian getting into the digital custody space and I'm sure there'll be more to come as the months and years kind of turn through. A question just came to mind because I remember following eris X, which of course you guys acquired. And they were partnered with TD ameritrade. I remember TD ameritrade had a page on their website, talking about how clearing and all these things are done through a sex. Is that relationship still there? Are you guys connected to TD ameritrade or any other major partners that you can highlight? Sure, absolutely. And it's a fantastic segue I think one of the things we just announced yesterday evening via press release is the closure of our equity syndication process, which is brought together 14 industry partners as equity participants and minority shareholders within sepo digital. And so, you know, I won't go through the full list, but it's a really fantastic cross section of industry participants that are maybe some folks would consider traditional finance. Type firms and then obviously crypto native type firms in there as well, but it also spans from intermediaries and retail broker dealers to market makers and proprietary trading shops. And the purpose of this is to really help super digital mission in terms of growing a regulatory first. Transparent and trustworthy market in digital assets. And I think another important piece of this is in the light of significant industry events. It's still shows the convictions that very major players in the industry have in the future of digital. With this partnership with them. So there's firms in there like Robinhood. There's firms in there, like virtu, B two C two, dynamic free, I don't want to let you know it's a fantastic group of firms. That to your point, I think we'll continue to work with as they build out their services and products for their customers and we service them as an exchange and clearing house. You know, from your perspective, as
Bloomberg Radio New York
"ameritrade" Discussed on Bloomberg Radio New York
"Ameritrade Joe moglia who is also a former head football coach at coastal Carolina university Sports and football in particular it's all about commitment I'm sure you'd agree I mean my question for you is can you let me know your thoughts on the NCAA's decision to abandon the transfer rule I mean what is the impact of allowing student athletes to transfer schools without losing a year of eligibility And to that end coaches as well I mean it just seems like everyone's a free agent out there Steve we're on the same side on this one I think it was to me as a leader I consider it disgraceful that the NCAA was not involved It can be involved with everything that was going on here with regard to the NAL So to me that they very very much shirked their duties and again if they were run by a business everybody would be fired Then a couple of months later they get rid of the transfer rule Now by getting rid of the transfer rule in effect every player is a free agent every day and they can do what they want they can put themselves on the portal and in effect be recruited even though technically they're not allowed to see they use different terminology They can do certain things But even though technically they're not allowed This is absolutely going to happen where somebody is recruiting your kid that they really want and the power 5 schools said you know I'm pretty sure that we'll be able to get you and I yell deal for 500 grand And then the next school says he says go higher state just can't tell I got 500 grand And UCL is going to give me 800 Then I make an Kentucky's going to give me a million or two That can happen every day Okay so in college sports in college sports individual player has no responsibility along those lines and can leave any time he wants to because there's no transfer rule Number one Number two with regard to the coaches I think it's a disgrace You've got to be able to have a contract that just like any place else in the world that will live up to the terms of that particular contract Now if the NFL were run the way colleges run right now with regard to the contracts and the buyouts as far as the culture goes and with the free agency that exists with the players they wouldn't be allowed to exist I mean they exist but they wouldn't do that They wouldn't do that They don't do it that way now They wouldn't let themselves do it that way A business would never be run that way So we got this to me it's a mess I'm going to ask you about NCAA president Mark emmert's planned departure by the end of June of 2023 What kind of legacy do you think he has left for the NCAA I'm sure Marc has done a lot of good things over the span of this paper but then the most critical thing that's happened in history College sports period period is NIL and he was nowhere to be found A year ago or when NAL happened a year ago he got a contract with such One of all of this was happening And then this year they decide jointly that's time to step down and then he gets paid for 2023 So he's being rewarded That's like $4 million a year whatever he's making So he do significantly rewarded for having not done his job I have an issue with that I have an issue with that from a business perspective So Joe what can the NCAA do to make things better How can they rectify the situation at this point I think they've had their chance and they blew it So I don't know why the leadership within college sports wants to be able to just keep letting them run things The leadership from college sports today should create their own organization and you can name it you get the confederation of college sports College athletes College athletics The FCA You put together your own governing body and you hire independent people that do not have that do not have an affiliation with an individual or a league they have the skill sets required to be able to make real decisions and more than any of the guts to do it They believe it's the right thing for college sports right Now you hire that But the independent and they have real autonomy So when they make a decision everybody in college sports abides by that As everybody's abiding by what this executive committee decides everything will start to work Everything will never start to work Now and not suggesting they get rid of the NIL because that's not going to happen But again you can provide structure around that and actually you'd be far better served because of that If you're going to run the place like a business then should the power 5 even state a power 5 You have if they're making X amount of dollars now Right now the Big Ten is renegotiating the contract to television That's going to be a huge number But if you took some power 5 and you divide them into two groups let's say one is the more for our purposes you would have named this But the more elite programs in history And the other group well I bet you I said a little while ago it seems a Big Ten probably makes $70 million I think three years from now if you just something like this I think each of the schools and that elite group within the power 5 project a $140 million So then they can decide how they want how they want to transfer some of the money down to G 5 if they want to or if they want to Or even to other sports if they want to They can make all those decisions But it's not working the way it's working Next on the show more of our conversation with the former chairman of the board and CEO of TD ameritrade Joe moglia who is also a former head football coach at coastal Carolina university That is straight ahead on Bloomberg business for sports along with Damien sass hour I'm Michael Barr you can follow me on Twitter at big bar sports And don't forget to catch our podcast that's Monday's Wednesdays and Thursdays.
Bloomberg Radio New York
"ameritrade" Discussed on Bloomberg Radio New York
"Bomb Bloomberg world headquarters I'm Charlie powder did is a mix today ahead of the closing bell the Dow lore the S&P nesta they are both higher right now We have got the S&P advancing by 9 points again there are three tenths of 1% Nez stack up 120 a game right now of 1% Dow industrials down 100 a decline there of three tenths of 1% Ten years up 1130 seconds ten year yield 2.98% spot gold down $13 the ounce now to 1840 a drop of about 8 tenths of 1% West Texas and media crew down 3.2% from 99 83 a barrel on WTI Stocks higher after several twists and turns as traders assess comments from a host of fed speakers ahead of inflation data coming out tomorrow morning After earnings a SoFi social finance SoFi technologies down now by 11.8% among the names after the bell today Roblox lower by 5.6% Electronic Arts down by 1.1% also scheduled to report coinbase down now by 13.3% Again recapping equities mixed S&P up a to gain there of two tenths of 1% ten year yield 2.98% I'm Charlie Taliban as a Bloomberg business flash All right Charlie thank you so much It is three 49 on Wall Street The following is an editorial from Bloomberg opinion President Biden wants to make it easier for Russian scientists engineers and tech workers to move to the U.S. by temporarily suspending the need for a sponsoring employer It's a smart and long overdue move Even before the war in Ukraine Russia was short at least 500,000 tech workers The invasion has led to further brain drain By accelerating departures from Russia Washington would erode president Putin's ability to fight abroad and undermine his repressive machinery at home helping Russians with coveted skills to resettle would also benefit the U.S. economy which in the past has gained from similar efforts Professional migration is a powerful tool that makes the most of U.S. soft power in time similar policies are worth considering for other troublesome governments left vulnerable from brain drains Human capital after all is the hardest to replace This editorial was written by the Bloomberg opinion editorial board I'm David shipley for more Bloomberg opinion please go to Bloomberg dot com slash opinion or OPI go on the Bloomberg terminal These has been Bloomberg opinion I turn on the radio Yeah but you let me drive Oh no No no no Honey please I'll do the driving drive old I want to drive It's a good question for drives us This is the drive to the clubs On Bloomberg radio All right talk about a volatile day We were up We were down We were up We were moving off our lows and moving off our highs We've seen that trade all over the place As Charlie mentioned a little bit lower on the Dow down about a 144 points call it unchanged just up three points on the S&P NASDAQ a gain of about 9 tenths of 1% a hundred point gains So an interesting market trade to say the least Sean Cruz's head trading strategist at TD ameritrade Sean joins us on the phone from San Antonio Texas Sean how are you I'm great How about yourself We're doing pretty well trying to make sense of what's been really volatile market environment I was going to say this week and last week but really for the last 6 weeks or so Sean I'm wondering what you're seeing on the TD ameritrade platform Who's buying stocks right now if they're still buying stocks or if you're seeing a bit of a pullback with the major declines that we've seen especially when it comes to tech stocks Yeah I mean Bristol's seen overall net buying but I think clients are now doing as being very selective about where they're going into and what they are buying And one thing that is really not getting much love I think not only from our clients but generally across the board are some of these higher valuation companies that are not cash flow or earnings positive yet And we're an expected to be within the next year or two So not only is that potential getting pushed out in some cases but just the uncertainty around are we going to actually have to see those companies get even more negative in terms of cash flow earnings that they're kicking out in between It makes sense that investors are going to avoid those names until they get a better sense of when we're going to write the shift so to speak with the economy and with a lot of supply chain and cost issues All right that totally makes sense but as we were discussing with our TV colleagues I think yesterday on beyond the bell I mean there are companies some of these big tech names I mean they're making money They're profitable and yet they've been sold you know thrown out Completely when it comes to investors there is a story on the Bloomberg today Sean and it quotes you about clients buying up large cap tech stocks such as Amazon and alphabet amid their disappointing earnings Can you give us some shape and size and context on this And are they still continuing to buy Yeah when you get volatility like we've seen add as long as you're getting some of these large pullbacks I think investors recall back into even just thinking about early 2020 when you saw a massive pull back I think they understand you have to be willing to step in there and take a little bit of risk They're not doing it I think in both hands just throwing everything all in at once They're using a little bit more of a measured approach And we saw that in last month's investor movement index but what I thought was interesting what is really more of a carryover from what we had also seen in the previous months where some of the names out there that were treading water or in some cases even finding a way to move higher in the positive territory Those were the names that were getting sold And with the cash that they were using they were deploying that at smaller bites I would say into some of those large I call them the core tech names that have quality balance sheets they've got good earnings maybe there's going to be a little bit more volatility but they're not expected to I think it was expecting Amazon or Microsoft to have to shut their doors anytime soon So those are the names they're gravitating towards but not all at once It's very gradual and I think more measured Sean you know I know that you saw net buying on the platform in April But do you have data for this week and last week for may yet Because April was one thing but we really saw the selling accelerate in the last couple of weeks And I'm wondering if we are still seeing people buy at this point Yeah I mean what do we see when we actually noticed this within intra month and we have the ability to track the week to week Is on a week like we've had when you see the fixed spike up above 30 or seen the market pull back Those are the weeks where there's not going to be strong buy and we do see that back off But what clients do And I think what the market by and large is looking for is just to see where some of the frenzied selling and the downside movements are we're crashing through these key price levels Once you start to see a little bit of stability for a couple of days it's something which we still have not been able to get Once you start to see the sellers that have sort of run their course the volatility is shaken out a little bit and it's starting to calm down That's where you see more pronounced buying a TRE month So so far to the extent we're seeing buying it's not nearly what we've seen in the past I think a lot of market participants in a lot of our clients are waiting for some of this volatility just to settle out before they go in and start buying in larger quantities Does it make sense to you that Sean here we are on a day where we've seen a fair amount of volatility I was just looking at some of the swings in some of the major equity averages I mean the NASDAQ today at a time was up 2.9% down at its low down about one tenth of 1% Maybe not too much Russell though we almost were up 2% and we were down almost 2% I mean there's some pretty significant swings.
Homo Sapiens
"ameritrade" Discussed on Homo Sapiens
"A soft place to land. If they just had someone's arms to fall into, that everything would be okay. And it was until they died. But they didn't die alone. And I don't see, you know, Dan and I are old friends, and I've always pictured death as a drag queen with red hair and an old west like a bar made up on top of an upright piano and the old west movies. And in a bar. And you know, death and I were old friends. And she would come. And, you know, it just, I don't know if my imagination or if she was really there. I don't know. But, you know, it helped me. And I would tell my guys, you know, about death. And made it not as scary. And they did a study, didn't they have how long people lived after HIV developed into aids and they found that the boys who were with you or the men who were with you lived how much longer? Two years longer than the national average. And that's because of I loved them. That was the only thing they could think of is I loved them. They were loved, and they were cared for. And there was no paper gowns or gloves, we just loved each other. Isn't Ruth. Just wonderful. That's the end of part one, go back to the feed for part two. Do you hear that? It's the sound of TD ameritrade's education center, working smoothly behind the scenes to curate its own content. So you only get what's relevant to your investment goals and interests. That means no waste of time. Just information that matters. Head over to TD ameritrade dot com slash education to start learning. Member SIPC. Catus readers make reading glasses that don't suck, caddis is an anti anti aging brand here to help you own your age in a pair of handcrafted high quality readers. All catas readers feature handcrafted designs across a variety of styles, including sunglass and progressive readers that you can wear all day. Catas readers also feature infused blue light blocking technology along with anti smudge, anti scratch, and anti glare coatings. Save $10 on your order at Cadiz life dot com using code podcast ten that CAD DIS life dot com Kati's life dot com code podcast ten.
Dadpreneur - Business & Digital Marketing Talk
"ameritrade" Discussed on Dadpreneur - Business & Digital Marketing Talk
"But what i've noticed over time is what. I meant mentor. Young people like you're saying six to ninth grader. Even college kids. is you. Open up their minds to this world of entrepreneurship as well. So they start to learn about trading investing in companies all the sudden. They're thinking okay. Companies made up of employees and decision makers and there's money in hr and sales and marketing. They start to really build some good business acumen which is is very valuable for anyone right aside from the investing and getting an roi. Yes and ice from. I think if we take it now the next pitch which is me to what is a stock. And what is the stock. Do and do what. I have ownership in a company. What does that mean. how does it work. And there's a difference between trading. What i do which means getting out of the market every day versus investing as a matter of an institutional traeger a retail trader. I am There there is something to be set. So if you i tell people once you learn a trade make your money then you know some people flip houses some people do you. Other entrepreneur works. Some people travel the world some people then go back in and invest and if you're trader and you know what to invest it and so am i just think that there are two parallel tracks but i think you need to know both so bad times. They're teaching people about Investing you know. Put your money here way to a three year. Yield five year deal. I get that i'm with you. I i'm invest but there's something about making this money that they're bet that has really been capped. It's almost like a secret. Because i asked people all the time. How many traders have never met the told you they trade. How many people. They probably know handful. Maybe yeah that's it and they they don't wanna talk to you anymore. They're not telling you. Have you ever made a a family. Yeah i had early on just a minute. My stepdad in really because he exposed me. I think i was nine thousand nine hundred my first. Ira i starting stephen. I was nineteen and from there Thinker swim and ameritrade. And all these other tools. That were out there that i could build these screeners and i really became interested in even though i knew i needed to grow my businesses in my clients businesses i knew that okay that return that that retained earnings and in profit. That comes out right. Where am i gonna put it right. Because i'm not a big spender. And what am i gonna do with that money. So you want to build a legacy you want to build wealth and definitely trading becomes important. So i think you're absolutely right. There's a difference between investing and trading. And i know a couple of day traders who talk about it and i know plenty of crypto people who will tell you flat out there trading. But you know that's a little bit different. I see that more like gambling. I'd love to get your take on. It's not crypto currency not crypto. Let's start with that script. Cry not crypto. I think that yeah. Yeah but let me ask you say gambling because of this. There's a lot of i know personally. Many people who got into crypto without understanding the principles of investing and trading in equities. Okay in traditional investments. And because it's so easy to trade in crypto when you start to ask these people most of them. Gen-x and millennials that..
Biz Talk Radio
"ameritrade" Discussed on Biz Talk Radio
"Now, I would also while you're doing that You need to let TD Ameritrade know that. That you need to let them know that she has passed. You need to let them know that you have the rights to survivorship. So that's basically your account. So that shouldn't be an issue, but But my fear is that he might try to claim something there from them, so you need to make sure they are aware. That she was not married. And she does have two Children. Now. The problem is that it doesn't It kind of doesn't matter that He didn't Recognize. Your daughter as common. Um um, partner or anything like that. It really doesn't matter. The fact of the matter is that after seven years That kind of The situation that he could be He could do that. Um, and he would he would probably win that. Now. Hopefully he doesn't know that and hopefully hasn't done anything yet about that. But if you you should talk to her business her company and find out about their life insurance company, tell them that you are in the process of going through. Um, the legal process to make sure that the custodian there's a Custodio account for the Children in your name for those benefits. And please don't pay them out, obviously, so you need to ask them to do that. And in the meantime, you're going to have to try to get a custodial relationship for your grandchildren. You should not have a problem doing that. You would be the next of kin. Legally, That would not be an issue. It should take no no time at all, And it will be relatively easy to do that. It's unless He would be protesting that He probably doesn't know about the life insurance. Um, the Canada TD Ameritrade is somewhat irrelevant because you're on it as a Um, rights to survive as a survivor. So, um, that's that's not going to be an issue, but the life insurance would be then what you need to do is set up. A trust account. And your grandchildren would be named in that trust account, a successor. Trustees, and in the meantime, you would be the main trustees on that account and that and you know, have it written such that if for some reason, If something were to happen to you and your wife, then you would point a successor. Custodial for the minor Children. On on that trust. So your goal was to get all her assets in that trust. Um which again? You won't. You should not have any trouble doing unless there is a protest. So you need you need to make sure that you can go to the courthouse and get a certificate saying that you are the right fall. Um, the court has deemed you which again won't be a problem. Deemed you as the beneficiary on her assets. Um, so and and custard, But the harder part will be the custodian of the Children because the Children are not your next of kin. Your father is So it's a little bit more difficult, but I think you can probably make a very reasonable and easy case to the courts. Um, to make sure you they appoint you are such and I don't mean custody. I'm not talking about custody. You can do that, too, if you want that would solve Um, all the problems but that I'm talking about, um, produce very custody. Did you get all that? Well, I know that was a lot of information. I'm sorry. Yes, we did. We do have one more question. Sure, I'm going to count my wife's a nurse. And like I said he hasn't worked only just three years out of the 15 years, so he's kind of basically That he's never been motivated to do anything. And, uh um These One. The her monthly disabled checks are coming in, and I don't know what to do with them and to my wife says her my daughter's medical bill. Is probably about a million dollars. And, um Would that go against? Thanks. My my daughter's. Um Finances. That are left behind. Um Technically Yes. Um, but They could also Disappear. Go away, and that's why you want they could do it on their own. She has no successor. Um and no one to pay and again. I think you get a good family lawyer and I think that they can take care of that. Mm. I'm sorry. I did not hear you. Um, but we'll be right back. You like business content? I mean, if you didn't like business content, you wouldn't be listening to the show, Right? What if I can give you even more of what you like now? We've never met..
Money For the Rest of Us
"ameritrade" Discussed on Money For the Rest of Us
"Experiment and try new things because it's our own money not our clients money. I recently opened up a new account at td. Ameritrade use their thinker swim trading platform to conduct more experiments with option strategies. I've traded options on and off over. The decades usually not particularly well but there are still aspects of options said intrigue me the fact that the expected volatility price into options is greater than the actual realized volatility investors are overpaying to protect from portfolio losses. Which means they're a potential earnings there from selling that protection and a risk prudent way. Now that's a topic for another episode. But it's an example of experiments that we can do with small sums of money as investors as individual investors. We can speculate with new. Etf families i've done episodes for plus members on the ark etf family. It's an actively manage etf family last week. The sponsor to our show was simplify family of s. We can speculate in crypto currencies or other strategies without having to convince an entire committee to make a decision. Now perhaps we need to convince our partner about a particular strategy that we're working on that's much easier than trying to introduce a strategy to an entire committee that may may not want to pursue it. Now there are certainly some disadvantages of individual investors. I is being overwhelmed. Having too many choices institutional investors have an advantage in that they have an investment philosophy and investment process endowments and foundations will often have consultants to help them sort through all the available options. We'll discuss some things as individual investors. We can do to avoid feeling overwhelmed. In a few minutes institutional investors have the advantage of access endowments and foundations can get access to some of the.
CNBC's Fast Money
"ameritrade" Discussed on CNBC's Fast Money
"Joe moga is the former chairman and ceo of td ameritrade. he's now chairman of fundamental global capital. Wealth advisors a great to have you joe. I'm little while it has been and it's good to see. What is this perfect that you're talking about. I think one that we. I think you begin with You take a look at the reachout community. It is incredibly organized. In a way that has never been before. I think it's better organized the afl cio. Then you've got we all know exactly what it is yet but there are still shorts out there. We don't know how significant they're definitely up if they're out there. There is a big issue with regards to the cost of borrowing shorts coast. That's out there today. You've got would or yesterday. She bought the stock. That's out there. I think kramer utilise positive with you garden. What's going on. you've got a lot. That tillery in the options market. A lot of activity. I think in seventy calls a lot of activity between twenty and thirty between punch astro at twenty thirty. I got you've got a retail allocation. That doesn't exist. You trust the lock up where you're gonna allow. Fifteen percent under stock can actually be sold right away so got coaching. 'cause you get incredible live you go on bet incredible volatility but i think people got volatility goes both ways. And that's where. I think we gotta pay that issue. That's the personal life it right. I mean it's it's all fun and games to talk about as much as eighty percent up. It could be as much as eighty percent or more down at this point. And so joe i wonder from your standpoint if ameritrade stock am td once upon a time had been as much as eighty percent or down eighty. I mean what was your take on that whole thing. Is there any sort of risk to either the company itself or to the system. We're we're thinking about stocks going up. But how about the flip side stocks down. Eighty percent racial. I think that you really hitting the head melissa. So ameritrade outlook the most incredible over time and our holds were institutional fundamental investors. Right now again. It's a different world and go back to you that retail organizing the way. This was before my last point. Is you incredible volatility golf down for your point. So i think it's got long-term investors really had pretty good education in the marketplace ameritrade e trade schwab voice via that but the day traders. Don't have that you really don't have that. And what they need is far greater managed to organize everybody to buy in that extol. We just thought about. Or what have you by by a thirty b by two forty fifty sixty. A what point you start to trim supposed to start to turn around. And what point are you detect. The stop was that was going on in got significantly. Bob evolved with bush costs to your leverage. You really know readings you really want that meet. Suppose what the stock at seventy was the incredible who's young one hundred back to fifty may sort of push back a little bit. Because i'm sure robin popcorns might say. We provide a lot of education for investors. That's on the platform investors. Choose to look at it just to give the other side of it but the original question was would there be any risk to ameritrade itself an online brokerage firm itself the publicly traded entity. The stock went down as much as eighty percent. Could there be years to the company could every risk to the system. No good move into stock price but frankly we always had incredible incredibly strong balance sheet and as long. We had that yet. We're strong business. We had besides guys she'd been up. We had multiple multiple sources of revenue so stock hitting a crater. That will that would have been tough for the people that own the stock but will not have negative impact on on joe. It's karen let me ask you something so military airport by schwab Was about thirty. Billion dollar deal i think do you think they are getting wildly different valuations. They're embedded e. trade and ameritrade in larger paramore stanley and schwab. But how do you those businesses versus evaluation of robinhood again. There are two reasons why my wife stop. You had really good fundamental reasons. He got technical. You were doing there for trade so think about that schwab. Td ameritrade as long term. Hold thinking about what's going on right now. Day trading in fact which is exactly what it is but one look at it fundamentally used to thousand twenty actual dumbers you schwab example three arctic street point five billion three point. Five billion and robin hood. Seven the market cap at seventy six for robert is about sixty. Something billion trot is one hundred twenty. That's half three point. Five billion seven million yards average client kind. Assets is a bird account at schwab tour. Two thousand median media media size at robert toured forty dollars trot incredible balance sheet robinhood still working on their incredible multiple ways to be able to generate revenues robinhood. Still working on their so in terms of value your fundamental best. Unless you mentioned do this but you by schwab short robert but that's not the trade can right on that. It's not a part of the military technical trip. Joe great to get your thoughts always great to see you. Thanks bye gem monglia tam. That would be an interesting paris trade. But you can't you can't short a stock that's in this read it frenzy. Yeah i think we're doing the right exercise in trying to compare the fundamental businesses. And because i think a lot of that conversation was also just talking about people trading the stock. I i on some level. I don't even really care. I think we're we're trying to assess the value of this business One of the things. That's an important point. Today is sometimes The capital markets opportunities will allow the company to grow to a place and access to capital will change the future of the company. And that's the kind of the byline for so many of these red at traders in this democratization but they're they're they're supporting companies they believe should just be have more access to capital and they'll let them work out their future by and this has actually been logic that you've heard espoused by blood ten and the leaders here i think ultimately part of the story here for for robin hood is what are they going to do with this client base. How are they going to tie them in more long-term their their balance sheets whether it's it's ira whether it is actually lending. And i think there's there's a very powerful loyal client base that needs to be monetize and right now. The evaluation makes zero sense and the movement and the stock is a function. Really of how this ipo was conducted and who holds the stock. Now we'll see where it goes. But i think the opportunity for the company is still extremely large even though i hate the fundamentals right now relative to where the stocks trading coming up. We're all over some after hours. Action uber roku and.
The All New Suze Orman's Women and Money
"ameritrade" Discussed on The All New Suze Orman's Women and Money
"But that's okay as you know. Katie has the softer heart between the two of us. All right i don't okay. Next is from jenny dear. Kt and suzy have. I mentioned yet. How grateful i am for the two of you anyway. Here's my question. Suzanne reading your women and money book. And i'm still twiddling around in chapter three retirement. I know this question has been raised on the podcast. But i still don't quite understand so originally. I had a td ameritrade account. But i've since moved to vanguard. Why do that. I don't know when i google vanguard it says it's full service and a great place to invest for. Etf's which is what i do. I guess my question is. Should i move my ira's elsewhere meaning to a discount brokerage account. I think really it all comes down to what are you painting. Commissions to buy your. Etf's the reason that. I love so much a discount brokerage firms such as schwab the ameritrade fidelity and so forth is because you could buy etf som- mine for absolutely free you could buy slices of stocks and create your own e. t. f. so to speak for free so i still think that an individual account such as that at a discount brokerage firm gives you more things that.
Talk 1260 KTRC
"ameritrade" Discussed on Talk 1260 KTRC
"Stay out. Well, yeah, I'm done. Honey. How about you? Yeah. Let's get the hell out of here. All right. Uh, did you watch the big game? Yes, Yes. Enjoy that. Uh, Hopefully everybody learned the lesson That's not left. The better. Dense the best ever right now. Don't Don't give it to the kid yet. All right, um, you know, so You know, don we've been talking about You know the steps that you do that? What? Savan Wealth management services You provide, uh and that you can do it in person. You can do it virtually People can hire you by the hour or give you the entire, um, you know, do everything for me manage my money. Do my state planning all of that, Um At times, you know, at times, I think people disqualify themselves. They may think. Well, I'm just you know, I'm not qualified. I'm not rich enough. This is too complicated s O. I won't do anything. Which is probably a mistake. Can you give us an example of maybe what we should do before we email you would call you Well, 11 simple step to do to take that. Everybody should take this to try to organize their finances. Um No and the reality of the world is that businesses successful businesses. They all have organized finances, and so the question would be shut the household having organized finances. And a lot of people sense it's it's just too complicated, but it's really not. There are three simple steps that people can take. That really moved that forward. No one is Rationalized all of your accounts don't have more than what you need. I've run into people that have five. Checking it down. Okay, one checking it down this for my Christmas fun. One checking account is for this. For for the vacation fund, you know, Um well, one of the realities of that is in this day and age. Tamora count you have the more susceptible you may be the bank fraud and that everything And additionally, quite honestly, when we have financial accounts, we should be monitoring them in the market. Don't you have the harder it is to monitor so rationalized the towns that you have. Another example of the people that have had multiple previous job. I've got a 41 day plan at my first job. I have a forward K plan. It's still on my second job. I got a form with a plan and my current job. Well. Oftentimes will say, Hey, I just want to shut them together, but There are times where I did, and this Dan age of identity theft and fraud where, uh, people have probably heard about for legacy for one K plans being stolen and taken it so Right. Why bother Having all of those, um different in town? Let's say you do, Don, let's say you have to or, you know three Or one cave account from former employers. Can you consolidate those? Can you close out, one move it to the other without penalty of taxes or anything else. Yes, she can that the rules of this for any time you have left employment from some from an employer. You have that you should have the option to be able to roll that into a self directed IRA. You opened up in the IRA with a brokerage account, Doctor. Be anybody. Fidelity. Schwab, TD Ameritrade, local trust something, whatever you want. You opened up the IRA, and then you direct the, um the, uh, accent player who roll the funds into that. Sometimes they send you a check and you have to deposit it. The other option is, if you if your current, um, player allows it, you could roll the old for one day plans into the current employers plant. The reason why you want I wanted to do that is is because you know they've got a great plan, and they're great options but typically the way it works, so if you do it on the self directed IRA You have more investment options. Um And and therefore more flexibility. All right, so start to organize, start to consolidate, Make those your first steps. It'll be more secure and you know, in an age of everybody's trying to get our money. Steel, right, right. Mother step didn't take this to use technology to help you out. All businesses have some type of bookkeeping software that they used well. Most households are most individuals. I should be able to use that to their stuff out there. Um, meant, uh, Quicken. You need a budget that time that you can actually link your bank accounts into That didn't organize your finances in the pretty easy manner. I I haven't had my own business for for 20 years. I really stroke to do that. And and so what I do now on the personal level as I have, um, essentially use QuickBooks to run some of my business. I actually like my both like check in the bank account. All the transactions come in automatically into the software and I didn't run. On a moment's notice and income statement or balance sheet or if I need to do tax information, I could do that, too. So I've only does it help organizing and provide you better information. They also make you more efficient in terms of if you have to provide.
Biz Talk Radio
"ameritrade" Discussed on Biz Talk Radio
"It's smart, because Okay, so the funny part about this whole tic tac thing That's happening last week as I went on, and I said, Look, it What's happening with Robin is little miss characters being mischaracterized in the news. They had a responsibility a fin requirement to protect all shareholders, not you and all of their their broker dealer. What's interesting is I like how now they're taking this approach of teaching these these these novice investors who are streaming on the Internet, as well as some pretty savvy investors. Is that going to set the stage for the TD Ameritrade's of the world and the Scott trades in the world we and the Fidelity's of the world Where Johnny Lunch bucket, the city CEO trade every single day, but they're sort of been these quiet behemoths because they could not necessarily because they should talk about that a little bit for us, David. Yeah, I think what's happening is that we're smart money's gonna go next is and smartly investors, just smart investors and people that are more sophisticated. They're trying to better understand the system. How does the system work? Robin has attracted a fleet of new users. And while their whole thing is democratizing access and giving everybody the ability to trade stocks, they're still fundamental issues with the system. The T plus two settlement time is a big aspect of that. So one of the things that we do is we deal with real time settlement. And everything is gonna have to move to that. So I think you're gonna see the permanent trend towards understanding market structured by retail traders. Where's before that would have been something that would have been of no interest. They're just looking for a hot stock tip or a good idea of something that's trending, But I think you're gonna see a lot more sophistication about market structure. So so in and where does that leave the current system of equity trading? Versus and I think everybody got a lesson on what short selling is. I mean, by the way, I think the biggest lesson I could give this last week is that stocks were the only asset you can sell before you own. You can sell that house before you own. You can't sell a car before you won't. But you can sell equities. How do you think this is going to change the big picture? David? I think that it's going to. It's going to open up a lot of opportunity for for Fintech players of all varieties, because again we always think that this plumbing the plumbing is bad. The plumbing doesn't work. It doesn't serve people and this is creating openings for all sides front in mid office back office technologies that conserve all of that. Ripe opportunities. And while you see the incumbent players looking at those things, or investing in companies from from our experience, most of them are not moving nearly fast enough, and they're comfortable there. Complacent so they haven't felt the need to. But I think that fire is gonna get ratcheted up on them to look at ways to innovate or they're gonna lose market share very quickly. And you know what's interesting here is I think it's going to. I think the as you call it the importance of democratizing access to stable capital as well as democratizing the ability to grow that capital, right? Yes, I think that's important. Everyone talk to us a little bit about the impending financial crisis because of the amount of money flow versus interest rates historically, go back to 1943 after World War two. It's the last thing we've had money flow that looked like this. You give a real quick comment on that one for us where we are we concerned that we have that we have put too much into the system here. Yeah, of course. So, just a point from from previous show that I was on with you guys talking about the year over your money supply. It's just absolutely going Bizerte double digits everywhere, all major economies and this has a real world effects. So since I was last on the show, we just look at a wide swath of commodities this year. Several of them are up double digits, numbers up double digits, iron or coffee. Nickel. All these things were starting to take hold. And when that inflation takes root, the the destruction that it leaves in its wake is severe, and that's the piece we have to look at. David is that Money flow equals money flow equals every single time Inflation. Hey, Dave will see you next week. And I Yes,.
The 3:59
Robinhood is the controversial trading app behind Reddit's GameStop surge
"So at this point everyone knows about the massive run-up of game stop stock. Although at this point it's it's a bit on a decline this morning. We'll see where it actually goes but let's talk about the training app. That really has been a play a central role in this. And that's robin hood. keep briefly. Describe what robin hood is sure. So robin hood is its own. Investing app is launched Won't watch twenty fifteen and it was designed to be for to get investing for the people it's to democratize investing where there's no fees and it's been a hit with millennials that makes primarily of its Accusers are millennials. Who want to either. Learn how to invest. A word tried different than try to put their money in different stocks. It's it's become very big. Especially has we all become aware of with the sub. Reddit wall street bets right before this all hit of the last week or two or three quarter note. That robin hood had become extremely popular over really the last year during the coronavirus lockdown right with the law people at home i'll folks with disposable income younger folks and not much also do investing and trading through robin hood had been a avenue new trend. So i'm curious. How robin hood works differently than some of these other services. Because we've got e-trade td ameritrade a number of these brokerage firms that also allow for trades. How does robinhood sets off apart. What one of the big reasons why would sits at apart as well as being a big reason why it's popular with wall street. Bits is that it allows for all these extra options when it comes to trading sucks it allows you to do put all these terms that are essentially bet hence the reason why wall street bets likes it so much because you could go wit put in a couple of hundred bucks and you could actually take some money out on margin and that means you borrow the money so say can make these bets on stocks and a lot of other apps. Don't do that. There's a acorns and s-o-f-i and there's all these other investing apps that do allied to buy shares and a do it for free like robin hood but need they don't let you do all these different fats. Different options that you can actually make really big money very quickly. And that's why with wall street beds. It's become such a big deal there because that's kind of they created this environment where you say. Hey i'm going to spend. I just got a i just got my student loans and i'm gonna put it all on apple and they just cheer you on. Just say yeah do it and try to make a lot of money. Our try to lose a lot of money. They tell you on that you lose money. So that's why they robinhood because you can't really do these kind of bits and a at these other apps or even like your bank your baked me let you do different kinds of investing. But it doesn't you all the very intense and very risky but also big returns bets like Robinhood does return a really big losses. There's a reason. Why a number of these investment mechanisms think things like investing in puts and stock options. Though those are there's a huge potential for losses with this kind of investing a traditionally. This been really been reserved for more traditional dusters. That's part of the reason why it's courted. Some controversy right like this is a company that even before all the game stop. Hoopla has been accompanying that has caused some controversy and some criticism for the way that it's gamified the investment process. Yes especially last year. there was a bug that happened last year over a it was kind of a between last year before where people were able to deposit two thousand dollars and they were able to borrow essentially infinite amount of money from robin hood. So you were having these young guys in their early twenties. Maybe like the late teens. Who were all of a sudden pudding in these Short says these other options for stocks and within seconds they were down fifty thousand dollars eighty thousand dollars and they all kind of cheered for that though. So it's it that became a. That's when robin hood really got a lot of people's Because all of a sudden these kids were losing out on big money and they were. You know there were some people that I believe there was at least one who took their life Because of it it is. It's a risk that you're putting in the hands of people that can't even drink yet and they're being cheered on by other people that are saying. Hey if you do this you could make a lot of money. Quick and things get on head
Squawk Pod
Musk in the Clubhouse, & Retail Traders on the Rise
"Good morning everybody. Welcome the squawk box. Cnbc and i'm becky quick. Along with joe kernan andrew organ andrew. Thanks becky and of course as you might imagine. We are monitoring shares of game. Stop once again. Let's show you where things stand robinhood planning to continue limit trading. In short squeeze names today it's narrowed its list of wounded trades from fifty stocks on friday to eight. Starting today customers will be only allowed to buy one share of game stop or five options contracts. The restrictions coming after wall street's clearinghouse mandated e tenfold increase in robin hood's deposit requirements last week and we should also mention that we're watching shares of or watching watching shares watching the price of silver trading at the highest level since two thousand thirteen. If you've been on read it over the weekend you'll know the red investors say they wanna pile into that commodity and they are doing so the hashtag silver squeeze which trending on twitter last night. That's spilling over into silver mining stocks. So there's lots of impacts across poured meantime sources telling cnbc that hedge fund. Melvin capital management lost fifty. Three percent in january. Melvin capital told us last week that it had closed out those positions in game. Stop on tuesday afternoon after sustaining heavy losses. Those are the losses talking about down. Fifty three percent. Senator and point seventy two infusing close to three billion dollars into melvin capitalist week in a source telling cnbc the point seventy two slid. Ten percent in january citadel lost three percent in january as well and i. I don't know if you guys were up late last night. I was not. But i've tried to listen in this morning to some of it elon. Musk was on clubhouse the social media platform last night. And we're gonna be talking to the ceo of clubhouse a little bit later today. But vlad ten of got on and effectively at of the c. O robinhood wants started affecting we interviewing vlad about what happened he effectively re reaffirmed her reconfirmed. What he told us on squawk box last week but to hear both of them talking about is quite a thing and maybe only speaks to where we are. Twenty four take on. It would seem like what was happening. Was everybody was pushing. On whether sid l. whether there's conflicts whether citadel was pushing on them to somehow closed down because part of the dave portnoy view of the world is because citadel has this arrangement with with them and was losing money themselves that there would be a conflict there where that the regulators are trying to do this or they're trying to protect the small the small guy but in fact that robin hood was trying to protect the big guy. Nice what was really happening there and and plaid stuck relatively to the script. It's appears and again. I have not heard the entirety of it but in terms of what he had said to us last week and very much specifically to the point that clearly this is a liquidity crisis of sorts for this company. The model becomes very complicated. When there's this kind of activity in only a handful of names and that they have to keep putting out bigger and bigger deposits on these names and that if you don't if you don't if you're not a massive bank with a huge balance sheet that becomes very hard. I mean i think it's gonna be very interesting to see what happens this week with robin hood to raise the question but you can make it through this week as an independent company. I think is a fair question to ask. They can keep limiting the trades. They if they limit the trays the flip side. As you'd imagine a lot of these investors will end up on fidelity or tennessee the ameritrade or other platforms. And we'll see exactly so there's sort of push pull that they're going to be grappling. With all week
Techmeme Ride Home
Robinhood Freezes Stonks!
"Robin hood says that due to quote recent volatility it is restricting trading in some stocks including game stop. Amc blackberry and nokia to position closing. Only that means. If i can translate you can only sell not by those stocks for the time being those last three stocks by the way stunks guess our stocks that people think the wall street bets folks will be targeting next quote free stock trading pioneer robin hood and interactive brokers both made efforts to curb the wild trading activity in heavily. Shorted names like game. Stop amc blackberry and costs on thursday. Initially shares up game stop reverse course and slid quickly in a negative territory as the word of the trading restrictions spread the stock which traded above five hundred dollars at one point in pre market trading was below two hundred ninety dollars per share shortly after the opening bell the steps by robin hood and interactive brokers taken thursday. Even more drastic than wet brokers did earlier in the week td ameritrade and charles schwab raised margin requirements on wednesday robin hood. Customers took to twitter to express their outrage surrounding the decision. Robin hood has made a name for itself through. Its mission to democratize investing for everyone the silicon valley startup with more than thirteen million pioneered free trading forcing the entire brokerage industry to drop commissions in late. Twenty nineteen and quote.
WIBC 93.1FM
"ameritrade" Discussed on WIBC 93.1FM
"But Governor Holcomb is tweaking some things regarding capacity limits at social gatherings and event 25% not 25 people, but a 25. Percent capacity limit for counties that are in red or orange. If you're counties and yellow than 50% capacity, and if your counties in blue 100% capacity right now, all but eight counties in the state are in orange or red, moving away from impeachment of former President Donald Trump. Will some Democrats are considering that Fox is Jill NATO Senator Tim Kaine? Not only would we fall short, but we would use time for something. That we could be using for covert relief, which I think is just so dire right now. Kane says he's in talks with colleagues the center, the former president to show they disapprove of his role in the deadly attack on the capital earlier this month. Ah, censure wouldn't hold the power of a conviction, but it would put the Senate on record as disapproving of the former president's actions. It's not clear how many lawmakers may support King's idea in Washington. Jill NATO Fox News Group of Investors on social Media, getting rich by driving up the stock of getting stop stock and Gamestop has skyrocketed over 10,000% in the last month, thanks to a group of investors on Reddit called Wall Street best on Wednesday that stock dropped 37% only to go up again. Wall Street's become concerned. Ameritrade is now living share trading on Gamestop and NASDAQ says it will stop trading on stocks it thanks for being Manipulated by Social media. Yeah. How long did you think was gonna take this Wall Street to get involved on revolution is here, my friend and it's gonna happen while we get a nice accessory for the man Tendo switch. It is. How long did I think it would take Wall Street to get involved? Um I actually didn't expect this. The idea of platforms, right? You mentioned TD Ameritrade. Charles Schwab did it too. Yes, right. The idea of admitting we're going to possibly stop trading all together so the institutional lenders can figure out what to do if you ever wanted to have the feel that there's two Americas Like this did it. And if you follow that social media chatter yesterday, I called chatter. I don't mean that negative way. People of all off all walks are outraged. And to note that it is true. You should note that both myself and represented a concert of Cortez Both agree. Oh, my, and that's the end of days. Thank you. It seems like it, but I mean, it's really all walks of life. It doesn't matter where you are on the political spectrum is really is a fascinating story. This everybody is remarkably upset with Wall Street and how they've handled this. It'll be interesting to keep following on Reddit, by the way, a man in Tennessee feeling confident that he caught a record breaking fish. Robert Livingston was out fishing and Cherokee Lake when he caught what he thought was a catfish. But when it came out of the water turned out to be a gigantic paddlefish that weighed about £100 Livingston telling WJZ TV. He didn't weigh it exactly, but he wanted to release the fish back into the water. So another lucky Fisher could try to find it in real it in. I'm Sean Herrick on the level on the going on W I b. C calm. 6 34 sports was Sam Robson. The Pacers pulled away in the fourth quarter and beat the Hornets won 16 to 106 Domantas Sabonis suited up after leaving Monday's game with a knee contusion. The All Star Big Man recorded his sixth career triple double with 22 points, 11 rebounds and 10 assists. The Pacers are 11 and seven and winners of three out of four. Colts owner Jimmer Say, asserted yesterday that his team is a Super Bowl contender. First they talked about the importance of GM Chris Ballard, finding a new franchise quarterback to get the team over the top. Ideally, if you conjugate someone to come in this year and several years after who is ready to go? It gives you your best opportunity Earth. They went on to joke that he'll be checking his fax machine to see if Andrew Luck decides to come out of retirement. I'm Sam Robson for WBC sports. Now Traffic on the fives with Paul Boat in Los Down to the South County Line Road is blocked Eastern Meridian that zoo involving a crash involving a semi also on 65 heading south down between Edgewood and Stop 11 Road. You have long term road construction in place of support. Sponsored by car, snoop dot com Stress Free car buying begins when you let car soup handle the deal of hassles for you. You stay anonymous. Hold your ideal vehicle and.
WTVN
"ameritrade" Discussed on WTVN
"It'll be another cold one Today there 28 17 overnight 32 tomorrow snow for the weekend Right now it is 21 in Hilliard 22. Your severe weather station because ready or 6 10 W TVN coming up on Columbus is morning used to revenge against Wall Street. Some investors are getting together to go after beat down stocks. S'more with Andrea Fujii, some coordinating in an online community called Wall Street bets on the popular social site, Reddit, the group now targeting other formally beaten down stocks. Companies like BlackBerry build a bear, AMC theaters and even Tootsie rolls are now surging. In response to the chaos, TD Ameritrade and Charles Schwab are restricting certain trades. And now the Securities and Exchange Commission is taking notice. That's interesting and not a great day in the markets. Do not look at your 401 K this morning that it'll get better, though our first look at the markets with Bloomberg next Because news breaks in an instant we've got you cover 24 7 on NewsRadio, 6 10 w TV end. It's what we do, or my name is Shelby Gates, and I'm a teacher at craft in. I work with students between the ages of 15 and 22 are focuses on functional academics. That's what makes our school exciting and unique student still skills in and out of the classroom at their desk and are on campus gardens or out in the community. We have the flexibility to teach anymore here. Ends on interactive and fun way Are you interested in teaching at Grafton Visit grafton dot org's backslash careers.
Liberty Talk FM
"ameritrade" Discussed on Liberty Talk FM
"That's now over 300 something. So this is this post is from you know whatever it was a few days ago. S O. As of that time, Melvin had lost another $3.2 billion. When Gamestop hits over $175. It will be game effing over for Melvin with a 100% loss They cannot restart. Another poster says, Read it. It is beautiful. Red Attar's have Dunmore to hurt Wall Street in two weeks than occupy Wall Street, the Democratic Socialists of America and the Bernie Sanders presidential campaigns were able to do in a decade. All with a little bit of coordination and an Internet posts. Doesn't tell you how many investors air in Melvin because there's like two million of the predators. Is there more red eaters than the Melvin investors? I don't know if it does melt. Do hedge fund companies have investors or are they just like privately managed companies with a bunch of money at their disposal that are trying to Place bets on what they think the market's going to do. That would be a question for its good question, Bonnie and unfortunately, Ari, and I don't know what we're talking about. When it comes to these things like we're pretty amateur like I've only ever bought like a handful of stocks in my entire lifetime. S o. I absolutely have near to zero experience with this stuff. And when I do, it's usually through something like a corns or through a 401 k where you know, I pick up like a bucket of different stocks. I have no idea what actual stocks are in those things, but it's like, Hey, these are a bunch of tech stocks. Whatever. When I got Robin Hood just to just to play around. It was the first time I'd ever done anything with like buying stock in 20 years, I think So, like, you know, I bought like a share of square and a share of something else just to buy a couple things and watch and see what happens anyway. Amid the celebration, some Wall Street that's users predicted an impending regulatory crackdown, especially given the astronomical donations Wall Street gave to Joe Biden and the Democratic Party in the run up to last year's election. I'm glad to hear that these people are able to You know, to buy the law? No, I'm glad to hear that. The people in Wall Street bets are able to see that Joe Biden is not their friend. That's true. You know the speed in which Congress will probably pass legislation to prevent something like this game. Stop thing from happening again. We'll show you the difference between immediate for for Wall Street and immediate for people waiting on those $2000 checks. This, according to a NFL running back Justin Jackson, also apparently an outspoken leftist. So pretty fascinating stuff here, And apparently, this is continuing to develop as time goes on what I still want to know. And if anybody does know it out there, and you can answer the question, 603283 61 60 did the NASDAQ completely freeze all trading today because I know that some of the trading companies froze specifically Gamestop A M C. So I saw a notice from what did they freeze A m. C. I know. Day America TD Ameritrade did Okay, According to a post somebody made online, you know, showing some sort of email or notice from TD Ameritrade that they were restricting. I don't know if it means they were freezing the trades, but they were putting some sort of restrictions on trades for for AMC theaters in game stop today, so Where are they going next with this? I don't know..
John Williams
Trading in GameStop and AMC stock is now restricted at TD Ameritrade
"Gamestop battle between a reddit fueled amateur investors and the hedge funds just got more interesting. TD Ameritrade, one of the D i y trading sites has just restricted to trade in Gamestop, AMC and some other stocks that were being sorted. TD Ameritrade says it's doing so in the interest of mitigating risk not only for its clients before itself. Meanwhile, the battle has spread to a few other companies where the hedges have shorted the stocks. AMC The theater chain is now up 190% Today express The clothing company is up 245% today. Game stops only up 130%.
Biz Talk Radio
"ameritrade" Discussed on Biz Talk Radio
"I wouldn't race to do anything. Other than we should be on a steady track to get her money out of qualified money into an investment account. Maybe some of us should do that. Not all of our accounts. You should have some You know, when you have a 401 k in your participating that in their matching you got to take the free money from your company. You've got to do that. And you know you have one qualified account. That's one thing, but we shouldn't have all of our wealth tied up. In five or six retirement accounts. That's a mistake. Yeah. So I don't have I'm totally retired of already rolled all my money. Out of the 41 K into Retirement investment fund. At Vanguard, and then I wanted to try to buy some hefty 44. And I can't buy your van cards. So my next question was well. Here. You talk about fidelity for open the fidelity accounts so I can buy it through them. Is that correct? Well, it is. That is correct. It would work. But you didn't really have to leave Vanguard. You could have opened a brokerage account at Vanguard. You probably have a mutual fund account is all your money in mutual funds. No, it's uh it's spread out on Areas, things without fault through Vanguard according to your asset allocation model for people. Okay, well, then, if you have individual stocks If you have individual stocks, there's no reason they can't sell. They should be able to sell that to you. I don't know why they said that. Well, when I put in the code for that doesn't come up so I thought, Well, I'll open a regular investment account at Fidelity is that That bad to have all the count. Investment account brokerage account it to their front. Okay. Brokerage. Childs is no No. But the code won't come up in Fidelity, either because every brokerage has a different way off writing that than I do. Um, it'll come up on your portfolio tracker like I write it, but TD Ameritrade, Horsch, Rob or Fidelity or Vanguard. They all have a different symbol for it. S o. You would have to call them and ask them how they write their preferred symbols for this FP 44. And they will. They will tell you how that to put it in there. Actually. Okay. We'll know how I I see. I have a hyphen in their dash. They might have a dot There might have an asterisk. They might have a slash so that Z only difference? Yep. Okay, Um Okay, the but it's not bad mentioned that that's okay. Fashion models are gonna be changing. Just wait for that. Is that correct? Correct. Which is only going to be in a few days. Yep. Okay, Let's follow one. Thanks so much. Yep. All right. You're welcome. All right, 6 10 363 11 10. We've got a couple lines.
Financial Issues with Dan Celia
SEC charges Robinhood with misleading customers about how it makes money
"SEC is charging Robin Hood with misleading customers on how it makes money there already under Ah lot of scrutiny in trouble Now the SEC is filing charges against the Robin Hood CEO. You might remember some months ago. I said, Look, it's time to move out of Robin Hood. I don't know how many you did, but how many of you did, but it's going to get a little bit more different cult. They have definitely been misleading customers going to be a charged with selling Um, prosperity and riches. So to speak. And when it is the market, and it ain't that way, so It'll be interesting to see what happens with that. But that just came out this morning that Ah, yesterday there was a lot of talk coming out of the SEC and reference to Robin Hood on what they had been doing. Then this morning, we see official charges being fired are being fired at Robin Hood. This is going to dramatically impact. Their ability to operate efficiently and effectively on their platform. Listen, folks, listen before you all start panicking because I knows a lot of people that have Robin Hood. Don't panic. Okay? You got you don't own Robin Hood. You don't have stock and Robin Hood. You're not investing in Robin Hood. You are simply using their platform to make your investments has got nothing to do with what you own. Everything you own is safe and secure. No, don't worry about it. Having said that, I would suggest anyway that if you've been with Robin Hood and if you are with Robin Hood because they were free for trades. Everybody is free now, so you have no reason to stay there. Is that gonna cost you anything to move your investments out into another account? So it is time for you to go to a swab or TD Ameritrade or a fidelity brokerage account or Vanguard brokerage account? It's time to move and also one of those other platforms. We've already moved out of each raid. I've asked everybody to get out of e trade. Most of you have done that, maybe having so we're running out of places to go. Unfortunately,
CNBC's Fast Money
Snowflake's Stock Price Soars in IPO
"Welcome to pass money a blockbuster debut for the biggest. IPO. Of the year cloud companies snowflake pricing. It's public offering at one hundred, twenty dollars a share closing at two hundred and fifty three dollars a share that is a gain of one hundred and eleven percent. But this isn't the first time. We've seen a monster move in public debut. Let's get to Bop Bassani with more on that Bob. Hello Melissa see you. So you think snowflake over one hundred percent of its first day is a big deal. Not really there's been plenty of companies that have had I ate POPs bigger than that this year loan and they include just take a look here. Biotech firm cure back was up two hundred and forty percent on its first day of trading software as a service firm big commerce up to one hundred percent biotech firm. Berkeley light of nearly two hundred cloud company and Seino up one hundred, ninety, six, percent insurance fintech firm lemonade up. Thirty nine percent on their first day of trading what they have in common is there either tech or biotech firms are they outliers marginally but the first day pop for IPO's this year is notably higher than usual. So the historic first they pop for an IPO usually about fourteen percent. That's. Historically but not this year the average I stay pop in two, thousand, twenty, thirty, six, percent. What's going on? It's not stocks are cheap. The multiple of tech stocks are historically high people are willing to pay more protect because there's just a higher degree of risk appetite out there, and if you're suddenly inspired to start buying these high flying IPO. Cautious. About this look after the first day the post first day returns of other high fliers is not encouraging. So there's been eleven IPO's this year that have popped more than one hundred percent. On the first day they have average a minus, one percent return from the first day closed forward. So be very careful Melissa here big pop on the first day for some of these. But after that very difficult to maintain continued momentum most about you bob thank you good to see you Bob Cassani and who is holding the bag in the aftermarket when these Ip has declined from the first day pop guy probably the retail investor this has been the story of the issue markets. Began though and it continues today. So. You wonder why people get exercise when they see things like this is exactly that I mean I'll say it I'm not. I'm not a banker I never was a banker and I'm sure to upset some people by saying this but. There's no way to put it other than the fact that this was completely misplaced. Now I'm sure the great bankers are J. P. Morgan and Goldman and whoever a city I think was on this deal and company will say, no, we price it right. You can't tell me that a company that has a seventy billion dollar market CAP, which was open it you know price at one twenty and tripled almost in price and had to be halted its some point today for price volatility was priced right and the people watching saying, how is this not a game I? Get it it it upsets me as well but that's the way the business works in that to me is problematic mill. Why does it upset me? WHAT'S THE PROBLEM Tim i? Think they thought it was valued at something investors in the market. Thought it was something else I mean that's the way the markets work right? Again, though it's it's it's terrible price discovery because you have some sense and bankers WANNA price and the companies want a price that deal that leaves him upside for investors but but to be clear this is three times more at least the guide from last week and so the the question really is, how can they be so far off environment where we know people are paying almost anything for growth and actually wear and cloud services but but ultimately, I think the real question is who gets access to this. IPO and the thing that's troubling is that this is not a fair game. And the allocation process is one that makes sense that there are plenty of opportunities for people who did not deserve big allocations to get them and I realized this ultimately. The dynamic of a company. First of all will say I want a certain institutional investor base on my cap stack and those are the people. I want my deal. I. Don't want certain people. Read investors typically are not the group that companies want There's a perception that they're going to be in their flipping those stocks faster. The reality is that there's a lot of hedge funds. They'd probably flip this thing aggressively today. So again to me, my issue is with the allocation process and that it's not. It's it's not a fair process maybe it's not supposed to be asked the bankers that because I think that's what this comes down to to be fair. There are some companies that actually say in the allocation that they want a certain amount to go to retail trading firms like a td Ameritrade for those firms. So then Dole out to retail investors but gosh, I think to brings up a good point in terms of the average per se popping thirty six percent this year that really shows you what this market is these days the search for growth and what investors are willing to pay for that growth. Yeah, and also you got to you have to factor in we're in a different environment. So the offering price is different than the opening price, and all of that is based on interactions with institutions trying to figure out supply demand while everyone is filming from podcast or from an ipad in their home. So it's very different than last year. Very different. The whole IPO process having said that it really speaks to the reach for growth. So, if you have the price action that we saw today. Think about it. It's Tim said you want to have if you're coming out as a public company, you WanNa, put your stock in institutions hands where they're less likely to flip out of that stock on the day of the. IPO. And that's where the whole system. Might be flawed, but it's worked this way for a tremendous amount of time, and there's always going to be a problem with any system anywhere.
AP News Radio
Mary Trump's book offers scathing portrayal of president
"The new book by president trump's nieces sounding a warning about the possibility that her uncle might win a second term in office trump's book blames the toxic family upbringing for the creation of a self absorbed damage person who poses an immediate danger to the public the Associated Press got an advance copy of too much is never enough how my family created the world's most dangerous man in Ameritrade because quoting here lying playing to the lowest common denominator cheating and sowing division all he knows the book tries to explain trump's penchant for stretching if not outright breaking the truth maritime says for her uncle lying was defensive she says it was more than just a way to avoid his dad's disapproval or punishment it was a way for him to survive the White House says the book is full of ridiculous and absurd accusations I'm Oscar wells Gabriel
Live Abundant Radio
New York City's 8 p.m. curfew lifted effective immediately
"New York City mayor bill de Blasio was announced in early into a curfew spurred by protests against police brutality the Ameritrade early today the eight PM curfew that was set to remain in effect through tonight will be lifted effective immediately the city wide curfew new York's first in
Rush Limbaugh
U.S. economy lost a total of 701,000 jobs in March
"The U. S. economy lost seven hundred and one thousand jobs last month as the corona virus precautions triggered business and school closures across the country the unemployment rate jumping nearly a full point to four point four percent JJ Kinahan with TD Ameritrade says even more bad news though could be around the corner you may be in line for another difficult report next month as the shut down sort of a business
All of It
US Economy Loses Jobs For First Time Since 2010
"For the first time in more than nine years the U. S. economy loses jobs it shed more than seven hundred thousand positions in March and the unemployment rate jumped nearly a full point to four point four percent the result of widespread economic disruptions during the corona virus pandemic here CD Ameritrade's chief strategist JJ Kinahan this is one of those numbers that so monsters nobody really knows what to do with it we knew things were bad and so this confirms that things were bad in the last two weeks nearly ten million Americans filed for unemployment
BBC World Service
Senate Passes Massive Stimulus Package
"Let's hear about the world of business and how it's affected by Kobe nineteen U. S. Senate last night approved a whopping two trillion two trillion dollars fiscal stimulus package to boost the economy and the legislation still has to pass the house well joining us now is the Philippines on all business desk it is is a massive figure the enormous two point two trillion U. S. dollars total size of the package to put that in context and said an hour ago the songs of the UK economy is two point six trillion dollars half the amount of money in just this particular package in there and others as well that the US is now pouring into its economy will do if they can get the legislation through the house of the bill provides aid to workers small businesses industries in packed it in recent weeks by the far so I spoke to the chief executive of TD Ameritrade Asia Chris pine Kenaston whether the markets were taking this positively well I will tell you they're taking if you just look two weeks ago you saw investors analysts will allow the globe that not only with the U. S. Congress not act quick enough its central banks would not quick enough that you know the fed would not quick enough it wouldn't do enough so we've seen not only from a central bank perspective that we've seen pulling all sorts of lovers over to backstop economies around the world US open up swap lines with nine different countries to help support keeping economy going now we have this massive stimulus package cannot be put into place now it's finally got over that hurdle from the Senate yeah I'm still a little bit worried you're just the way politics seem to work in the US as well as all sides of bipartisan agreement don't always seem to go hand in hand so I still anticipate a little bit of volatility and I wouldn't be surprised if the bill does not pass the house immediately and maybe have a little you know a couple other negotiation hearts before get past but I'm hopeful that we get something here before the weekend in the US does the bill contained the kinds of things that you as someone in the financial markets we're going to see in it or is that more that you would want to see done or perhaps less some of the main things are supporting small businesses yeah because if you don't what's more businesses in times like this is you will have no business could support you know what whether you have you know different parts of the United States they're shutting down for two weeks or four weeks you know to kind of be able to support a local business owner is by one of the most key initiatives in that whole plant because what I like to call it you know kind of that gig economy things that support the rest of the things that we all agree one does whether it's the what bars and restaurants in in the different parts of the effectors of just transportation and around all the support goes with that a lot of these people are crazy and once they work so if there's not support to keep those credit lines and keep those parts of the economy afloat yeah we could see a cratering up parts of the economy which I think this bill is a stimulus package people are hopeful that they will kind of have a lifeline at least here for the next kind of you know two to three months while we get a better grasp and find flat neck curve of the corona virus in the United States respond in their marriage Phil thank you very much
Dana Loesch
US added robust 273K jobs in February before virus escalated
"Pretty good jobs report overall for the month of February unemployment's down to three and a half percent is the U. S. created two hundred and seventy three thousand jobs a Washington watchdog Jamie to pre two point oh because our team covering a very strong month of job growth U. S. businesses added two hundred and seventy three thousand jobs in February the best month since may of twenty eighteen as the jobless rate move back down to the historically low level of three point five percent average wages were up nine cents an hour to twenty eight dollars and fifty two cents and Wall Street has been up and down despite the positive reports JJ Kinahan with TD Ameritrade says the market really isn't feeling the coronavirus yet when it comes on employment you think about when it started to hit might have been the last week of February a little bit of it started to hit the glass or things started to get canceled but these jobs already in place so it's the March report will truly start to see some of this
This Morning with Gordon Deal
Global stock markets plunge on coronavirus fears
"Increasing worries about how the corona virus might affect the global economy meant a rough day for stocks sell was the word of the day yesterday as the Dow Jones industrial average dropped more than a thousand points the biggest point decline in more than two years investors fled to safe havens like gold which climbed for the eighth session in a row it is now reached a seven year high JJ Kinahan is chief market strategist with TD Ameritrade the market doesn't react well the unknowns the fact that we saw the corona virus spreading to parts of Europe now you have governments shutting down public buildings at cetera shares of travel health insurers and high flying technology stocks were among the hardest hit American Airlines dropped eight point five percent UnitedHealth group was off seven point eight percent and Facebook tumbled four point five percent the corona viruses hurt Chinese manufacturing exports and consumption this year include doing economic growth around the planet as factories worldwide depend on supply chain tied to China
Squawk Pod
Merger Monday, Bloomberg's Bid, Holiday Movie Recs
"Good morning everybody. Welcome to Squawk box here on. CNBC we are live from the Nasdaq market site. In Times Square becky quick along with Joe Kernan and Andrew. Ross sorkin first step on this morning's pod a couple of updates on stories we've had our eyes on or IRS's on if you get your squawk through ear buds instead of on a screen. Remember in October when French luxury conglomerate. LVMH made a bid for New York's iconic jeweler tiffany. Well they up the bed the very shiny prize a big deal. This morning of the world's largest luxury goods company has now confirmed his reached a deal to buy tiffany. This has been quite at some time in the making the price tag this time. One hundred thirty five dollars per share in cash sixteen point two billion dollars total the largest ever in the luxury sector the boards both companies approving that deal yesterday afternoon and the transaction expected to close in the middle of next year will mark the end of Tiffany's one hundred eighty two year history as a standalone brand and a little blue box isn't changing but it does reflect the changes to remain independent amid increasing consolidation across retail and adding tiffany's Eddie Murphy to the portfolio will strengthen. LVMH's position forcing watches jewelry. The group acquired Gary and back in two thousand eleven eleven like Lvmh t LVMH T- LVMH. What if I would pay? How much would that cost the figure out to add a t not to do you think they should? I think they should add T. You think it's that important. Is that valuable important as those ugly back and look but what is amazing is that they did get him up. I mean this one hundred thirty five dollar price tag came up from one hundred twenty dollars recall when when this when when they first went after him and the question I think we threw out. There was whether they'd get one hundred thirty five bucks one hundred at forty. They didn't push back if you go back. And Look at tiffany stock even two or three years ago where it was relative to where it is today so I I mean the interesting stuff therefore therefore baby gifts like a little spoon. Yes in general. I don't know it's like super retail. I think Chinese people love in China. It's big and Chinese on these sorts of come here it's really be in the United States. Just me personally. I you know when you go to forty seventh street. I'm sure not. I mean I would rather go down there. forty-two the haggle. Well just don't pay absolute top dollar for for stuff that everybody else has and another deal. We've been following following Charles Schwab effort to buy. Td Ameritrade as of this morning. That's done to Charles. Schwab Corporation is going to be acquiring. Td Ameritrade this is a story. We we first reported last week. Td Ameritrade is now naming Stephen Boyle as the interim president president and CEO suspending their CEO. Search because obviously this will be taken care of with with this deal. Charles Schwab is offering issue is going to be issuing one point eight three seven shares for every td ameritrade share. That's out there We'll continue to keep an eye on says Charles Schwab saying that. Toronto Dominion Bank's going to be holding about thirteen percent of a stake in the combined company. You could see right now. Charles Schwab shares which ran up last week on. This news are right now down by about twenty two cents to forty seven ninety eight so maintaining basically the gains that they had seen last week on this when it was first announced. Td Ameritrade shares at this point indicated by about two point three percent. That's a gain of a dollar thirteen to forty nine twenty six again after they saw gains last week as well. Charles Schwab saying that they see this deal being fifteen to twenty percent of creative give to the adjusted earnings per share in the third year in the third year of this deal Schwab right. It's going to be called Schwab. This sounds sounds like a fun thing though analysts have looked at this and said because they both have very strong trading platforms. That you won't see as much of the accretion in terms at the probably both the Charles Schwab and td Ameritrade plan trading trading platforms operating. Because they don't overlap. There's some things the. TD AMERITRADE has like options for insurance little bit stronger. Charles Schwab has a lot of things like People who will talk to you and guide you through these things because of that the probably see some analysts analysts speculating around forty percent in terms of the accretion that they can kind of combine and put these together with those both platforms need to advertise separately swap box. Random House expected to be where you will see some of the. Oh no no no I got a double double down on both platforms. They say anything. But I close with this point break- fees and I don't know I. I have not seen that to me though the two issues. That will be interesting a break-up fee whether you interesting because you think out trust issue not so much on the consumer side but potentially For for all of the investment advisers out there really I mean I think collectively collectively they have like sixty seventy percent. Would you say this is that works serious antics three so they are two things there. There may be a look. Get that and so you you care about that issue. The other issue would be about deposits that that used to stay at. Td Bank so td Ameritrade used to run all their deposits. It's into Toronto. Dominion Inter Dominion. That was actually a huge fee generator for TV bank. And so once. If you take those out I assume Schwab is going to keep those Deposits in their own bank effectively. What that does to? TD LONG-TERM SO. These are some of the questions that I think at least in baking world. They're they're probably so but I don't know I'm GONNA. We'll look great deal. That's good news for holiday. Travelers gas prices down this quarter of the lumber survey the national average falling four cents cents to two dollars and sixty six cents per gallon drop is likely due to an increase in supply now that several refinery repair projects have been completed. Also a word of warning warning triple as saying Wednesday is the worst day of this holiday week to travel with trips taking as much as four times long four times two hundred percent longer due to congestion I in some weather issues. That could be a little more difficult Wednesday out of on the East Coast here starting in Colorado and coming across do you. ooh The minivan. Yes sir. What about it? Is there a a hybrid model that you can buy make hybrid models. That'll make a cool or no. Let's give it up for just wondering why you haven't truck Tesla. Yeah that's what I was saying. Why why aren't you? Just springing brings for something electric because you need a minivan supplements. There's no electric minivans or there's no My mic one. Now they're not cheap anymore. Ah Minivans by themselves this is unlike so like so many of you. That don't walk the walk when you talk about other stuff. The vacuum cleaner in the minivan is more important than
Bloomberg Businessweek
Markets hit fresh highs
"Trading we have got the down the S. and P. and nasdaq called advancing S. and P. and nasdaq they are it records right now the US be up nineteen a gain of six tenths of one percent nasdaq up one hundred points up one point two percent the Dow up one hundred and forty two points are by five tenths of one percent stocks climbed records on optimism over China trade relations and a fresh wave of merger and acquisition activity it is been a busy day over a day for the deal makers Schwall buying TD Ameritrade for twenty six billion dollars Schwab up one point three percent TD Ameritrade up six point seven
Herman Cain
Charles Schwab to buy TD Ameritrade in $26-billion blockbuster brokerage deal
"Schwab is buying rival TD Ameritrade in in approximately twenty six billion dollar all stock deal blockbuster agreement xcelerated my disruption in the online brokerage
Colorado's Morning News with April Zesbaugh and Marty Lenz
Charles Schwab to buy TD Ameritrade for $26 billion
"On it looks as if the Schwab addy Ameritrade deal TD Ameritrade Dale we'll go we'll go through Charles Schwab says it's buying TD Ameritrade in a twenty six billion dollar deal it's all stock it's expected to close sometime in the second half of next year could take up to three years for the brokerage firms to fully integrate the corporate headquarters of the combined firm will be in Texas but Schwab still has a very large and growing campus here in
Mark Simone
Trade optimism lifts world stock markets
"Ron insana on Wall Street stocks heading higher and moving back towards record levels as world markets rallied on reports that China had offered some concessions in trade talking about greater protection for intellectual property something that moved Asian markets sharply higher Europe is also up in stock index futures advancing on this holiday shortened week the market also getting a boost from a merger Monday in which Charles Schwab as agreed to acquire TD Ameritrade for twenty six billion dollars LVMH the French luxury goods maker agreeing acquire Tiffany with a sweetened bid there is a lot of activity going on in MMA as we close out twenty nineteen it's been a very strong year in that regard meanwhile we have oil prices trending lower gold is down big coin is off six percent while interest rates are edging up the yield on ten year treasury approaching one point eight percent while the dollar is slightly firmer against key foreign currencies quieting down on the earnings front as we move through this week and then we also have a lot of economic data with new home sales durable goods orders and a second look at third quarter GDP all due out in the