35 Burst results for "Charles Schwab"

Update on the latest sports

AP News Radio

02:00 min | 4 months ago

Update on the latest sports

"AP sports on day ferry in the Celtics will take on the warriors in the NBA Finals Jayson Tatum scored 26 points and the Celtics took game 7 of the Easter Conference Finals by defeating the heat 196 I just really believe in myself I really believe in our team And it was the biggest game of the season of my career And I just had faith that we were going to give it all we had Jaylen Brown and Marcus smart each had 24 points for Boston Marcus Ericsson and Chip Ganassi were kings of the brickyard Eriksson became the second suite to win the Indianapolis 500 giving Ganassi racing its 5th victory in the race I knew I had a car to win this race Obviously this race is crazy So you can have a car to win but that doesn't mean you're going to win it NASCAR and Denny Hamlin held off Joe Gibbs Racing teammate Kyle Busch and overtime to win the longest Coca-Cola 600 in history 413 laps Baseball Taylor walls Homer to made several dazzling defensive plays to lead the rays to a four two win over the Yankees It's good to bounce back after the two tough games that we've started a series with and get two wins The rays earned a four game split to remain four and a half games behind the AL east leading yanks Other AL winners with the Red Sox Astros Blue Jays athletics tigers twins and White Sox who beat the cubs in an inner league game National league Corbin burns fan 11 over 7 innings as the brewers hammered the Cardinals 8 zero That's kind of where we want to be all the time So the fact that it took ten stars to get to is a little frustrating but yeah it was kind of what we want to do The Dodgers and Padres are NL victories As did the mets braves giants and nationals Graham agar has recaps the finish at the Charles Schwab challenge Sam Burns has secured a dramatic playoff win over world number one Scottie scheffler berns posted an early 9 under par total after a 65 the 25 year old secured victory by holding a lengthy part from off the back of the grain that the secure his third win for the season French opening Novak Djokovic and Rafael Nadal will square off in the quarterfinals after winning on Sunday I'm Dave ferry AP

Jayson Tatum Celtics Jaylen Brown Marcus Smart Marcus Ericsson Chip Ganassi Ganassi Eriksson Rays Red Sox Astros Blue Jays Athle Warriors AP Denny Hamlin Joe Gibbs NBA Corbin Burns Kyle Busch Indianapolis Coca Nascar
"charles schwab" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:58 min | 8 months ago

"charles schwab" Discussed on Bloomberg Radio New York

"Thing in investing Is it a thing for you at Charles Schwab Oh yeah It's a big area of focus for us Quite frankly because there's high demand There's high demand by individual investors for advisers that are on our platform that have their investors clamoring for opportunities there So I think that that Genie is not going back in the bottle even as we grapple with energy shortages and some of the concerns about the speed we've moved toward environmental soundness I think that desire to have that ESG approach is certainly thereby investors not to mention just the public at large in customers wanting to see that focus on the combination of all those areas Listen Sanders Rebecca Patterson at Bridgewater today was just brilliantly laying out the conundrum of economics over into markets And she made the statement that equity markets could prosper simply because of better nominal GDP of the inflation pop in the real economy pop Do you agree with that kind of analysis that a better nominal G provides an nominal GDP provides an animal spirit that gets the nodes for corporate America I do in fact nominal GDP tends to have more of a correlation to earnings than real GDP The rub is that if we're in this consumption slowdown period and we start to lose that pricing power That to me is the big question that is yet to be fully answered as we go through this earnings season But yes I think that that target in terms of corporate earnings is much greater to the nominal side than the real side Plug time Best charts out on Twitter in the early morning Liza and Sanders of Charles Schwab Thank you so much Thank you guys For joining us today With our news in New York City here's Michael Barr Down Paul.

Sanders Rebecca Patterson Charles Schwab Bridgewater America Liza Sanders Twitter New York City Michael Barr Down Paul
"charles schwab" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:16 min | 9 months ago

"charles schwab" Discussed on Bloomberg Radio New York

"Investing success I do worry about it The good sign is we're getting more and more African American investors and places like Charles Schwab have really democratized the stock market and it's very cheap to get involved and you can do everything online and not be intimidating by traditional white shoe investment firms So all that is really really good But the downside is often this happened when the Internet bubble at the turn of the century we get pulled in the market gets sucked into the latest themes too often because we haven't been as engaged in the stock market as white Americans So I do worry that we're getting pulled into some of these risky areas at exactly the wrong time And we know the way that we came to this country the traditions that we had to fight against the Jim Crow and all the challenge that we faced in our community put us behind the 8 ball when it came to investing and getting comfortable in the markets And so again whenever we get pulled in I do worry sometimes with late in the game Well let's talk about financial literacy and how that plays into alleviating your concerns Well you know I think we need to continue to do more and more We have just scratched the surface when it comes to financial literacy You're doing the Obama administration I had the privilege to be able to be able to share his counsel and financial capability for young Americans And we talked to the president about how can we get more financial institutions to partner with urban public schools to teach kids about the market Give the kids real dollars to invest in real stocks Be role models for young people of color to get engaged in the financial services sector as career choices So I think we have a long way to go because it's just so critically important that African Americans get exposed to the markets at young ages We know the wealth gap in this country has gotten larger and larger We've fallen further behind because of the historical discrimination that we face in this country So the way to catch up is to get folks involved in the best parts of the economy where the wealth and jobs are being created today and learning about the magic of compound interest and getting comfortable inequities because we all know when you get a job now you have to be your own money manager with your 401k plan So financial literacy is more important in this country than ever John how do we get there The reason I ask is I actually came across a Federal Reserve paper that was done by a researcher about ten years ago I think talking about the importance of financial literacy I think about someone like Warren Buffett who talked about compound interest like knew it when he was at a young age We have been talking about the importance of financial literacy across society for a long time And I wonder how do we really move the needle on this Because I agree that this is something that unlocks the financial is the key that unlocks financial wealth for more Americans and certainly for black Americans Well I think one of the things I talk about all the time my father bought stocks for me every birthday and every Christmas after I was 12 years old And I got exposed to the markets at an early age and loved it You know there's a program in New York New York City rise that is doing that with young people getting kids into 5 29 programs that write in kindergarten and on the way And the aerial community academy that's now 25 years old we give kids real money to invest in real stocks and they get to see the money grow from kindergarten through 8th grade And I think that's just so important You got to get exposure You know get your hands a little dirty with the markets learning how to do the research seeing the inevitable ups and downs but seeing how markets steadily climb even after you have some ups and downs we come back from downturns and bounce higher So I can't overemphasize the importance for corporate America to work with public schools get public schools to have robust financial literacy programs and get volunteers from the corporate community to get in there and talk with kids about how to do the research And the magic of our capitalist democracy that really builds wealth over time Just a quick follow Should it be mandatory in schools I personally think that kids should be starting in kindergarten learning about financial literacy Make it part of the curriculum Do you think that's what needs to be done I think that's really critical I think that's exactly right I know local communities make the decisions on their own local schools It's hard to dictate that federally But I always joke with my friend Arne Duncan the former secretary of education that the French class is maybe not as important as that financial literacy class I think I've been to France 5 times in my life and I spent 5 years studying French Financial literacy is so important to our economy and so important to our country and all communities Well there have just been so many efforts if you will announced post George Floyd your organization has launched project black Can you just tell our audience a little bit more about that And what has been the response so far Well you know our co CEO created project black in partnership with JPMorgan Chase and Jamie Dimon melody hobson had this vision this idea that we would create a fun that would build stronger black owned and LatinX businesses and get them to scale We feel like too many of the programs are all about helping small micro businesses get small loans to build their businesses We feel we.

Obama administration Charles Schwab Jim Crow Warren Buffett Federal Reserve New York City John New York Arne Duncan George Floyd America JPMorgan Chase France Jamie Dimon LatinX hobson
"charles schwab" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:21 min | 10 months ago

"charles schwab" Discussed on Bloomberg Radio New York

"On data has a story to tell and no villain gives it a voice An S&P futures are little changed after yesterday's rally 6 O one on Wall Street We check the markets every 15 minutes throughout the trading day on Bloomberg again S&P futures that'll change Dow futures lower down 52 NASDAQ futures moving higher up 39 ten year treasury up 1230 seconds Yield 1.43% They yield on the two year .67% Not only next crude oil is down one and a third percent on a dollar at 71.6 cents a barrel Nathan Karen U.S. stocks are coming off their biggest rally in 9 months Each major average climate at least 2% yesterday technology shares led the way with optimism that the omicron variant might not derail global growth Lizzie and Saunders chief investment strategist at Charles Schwab The volatility that started on bleak Friday with the amaron news really brought a shift in behavioral measures of sentiment And I think that has been a factor in why the market is finding a lift because a complacency that speculative fraud got wrung out pretty quickly At the same time Charles Schwab chief investment strategist Lizzie and sander says the current market environment is still treacherous So are there clouds on the horizon Another big name in markets seems to think so billionaire money manager Jeffrey gunlock says stimulus is artificially propping up the economy and once the fed starts raising interest rates growth will slow the head of double line capital predicts that trouble could emerge when short term rates surpass 1% Well the surgery we've seen in risk assets this week comes as information on the omicron variant continues to roll in So far the early studies are cautiously optimistic Let's get the latest live from Bloomberg's Renee young Good morning granita Good morning Nathan Studies from South Africa in Sweden show that vaccines like the one from Pfizer may be less powerful against the overcrowding variant but they also say protection can be fortified with booster shots The study from Stockholm was mostly upbeat finding the decline in antibodies against Omar Khan is only slightly worse than it is for Delta Meantime hospitalizations in South Africa are rising The national national institute for the communicable diseases says daily admissions for COVID-19 more than doubled on Tuesday but it also says the positivity rate for COVID tests that day was lower live in New York I'm Renee a young Bloomberg day break All right ready to thank you Well let's head to London now We're talking the omicron variant as workers paring back time in the office Some Bloomberg max Ramsey joins us live from London with the details Good morning max Morning to your car and Nathan yes we're starting to see evidence of financial workers in the City of London spending more time at home to reduce the risk of catching coronavirus as we head into the festive season Now so far this has been people preempting any official guidance to stay at home just making use of the flexibility that's been brought in during the pandemic but it could soon become more official We have had media reports in the last hour or so that the UK government is thinking of adding new restrictions to curb the spread of the omicron variant The FT reporting prime minister Boris Johnson could announce this as soon as today the pound just getting hit on that news around a bit over two tenths of a percent Live in London I'm max Ramsey Bloomberg daybreak All right max thanks staying in Europe Now Germany has a new leader Angela Merkel 16 year rule is over Olaf Schultz is being sworn in as Chancellor and Bloomberg's Ian Rogers has more from Berlin Olef Schultz will head a three way ruling coalition of his center left social Democrats The greens and the pro business free Democrats Three way alliance has an ambitious agenda that includes billions of Euros of spending on climate protection and upgrading digital infrastructure The immediate priority for the government will be getting a fourth wave of coronavirus infections under control in Berlin I'm Ian Rogers Bloomberg daybreak Right Ian thank you all back here in the U.S. Talks between presidents and Biden and Putin are still in focus The White House says it believes Russia's president is still trying to decide whether to invade Ukraine and Bloomberg said Baxter has the story After the Biden Putin video conference U.S. national security adviser Jake Sullivan said the president's warning was direct We would provide additional defensive material to the Ukrainians above and beyond that which we are already providing And we would fortify our NATO allies on the eastern Flank with additional capabilities in response to such an escalation Sullivan also says the U.S. and NATO nations are putting together economic sanctions including talking with Germany about ending the Nord stream two pipeline In San Francisco I'm at Baxter Bloomberg daybreak Elsewhere in Washington we have movement on the debt ceiling standoff the house has passed legislation that would clear the way for the debt limit to be raised quickly That could avert a partial government shutdown next week It is a strategic move from Republican Senate leader Mitch McConnell That's according to Michael Hardaway former communications director for the House democratic caucus He said his members up for next November's election because in that election Republicans will say Democrats pound all of this debt onto the American public and their responsible for raising the death ceiling by themselves Notwithstanding the fact that this was bipartisan spinning that both parties agreed to Democrats have taken responsibility for that spinning So Mitch McConnell lost the battle and an attempt to win the war Michael Hardaway spoke with our Washington correspondent Joe Matthew on Bloomberg sound on catch the program weekdays at 5 p.m. eastern.

Bloomberg Nathan Karen amaron news Lizzie Jeffrey gunlock double line capital Renee young Omar Khan national national institute fo London max Ramsey Charles Schwab Ian Rogers South Africa
"charles schwab" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

08:10 min | 11 months ago

"charles schwab" Discussed on Bloomberg Radio New York

"I'd be looking to end the mortgage backed security purchases which I think served no purpose other than inflating the housing market almost immediately I'd be looking to accomplish the whole taper within about three months Learn summers very much in the news here on worries of inflation of course the former Secretary of the Treasury is well right now I've got oil churning here Brent crude actually green on the screen $79 71 cents We'll get to that in a moment with Julian Lee Right now on the equity markets and on what we've all noticed is everything else is there's no breath I mean that's all there is to it David Wilson what is Brett Well it's a matter of how you define it Generally you're looking for a number of stocks to move with an index because you know you want to see sort of broader participation technology right now Yeah pretty much And even within technology you're kind of more concentrated It folks at Charles Schwab David castner who looks at the sectors for Schwab kind of noting the other day that you're seeing increasingly that if you focus in specifically on technology and when we talk about big tech you know you're throwing communications to that you're throwing the consumer discretionary to that but focusing on technology in particular You see Apple Microsoft and now Nvidia dominating the S&P 500 information technology to the point where they're 51% of its value And if you look at the top three stocks in that index historically you are looking at the 5th straight year in which the percentage weight for those top three is higher 5 years in a row David Wilson thank you so much Sarah and of course something will follow here through the day futures and negative for the vix in 19 .75 One of the great joys of Bloomberg and all of our hydrocarbon work is Julian Lee He is acutely able out of London to look at the global dynamics of supply of demand and of the release of an American Indian and maybe a global strategic petroleum petroleum reserve Jillian thank you so much for joining us today How global is this effort when I see $7 58 cents a gallon in London Yeah I mean we're seeing a number of countries that look like they're going to join in to 1° or another India has said it will release about 5 million barrels We're expecting an announcement from Japan potentially South Korea maybe China and also the UK although our contribution may be relatively small The figures look like they're going to stack up at anywhere between about 60 million barrels at the low end to as much as perhaps 80 million barrels at the higher end No real clarity at the moment what sort of time scale that will be that release will cover Clearly you know if it's if it's done over a single month then we're looking at something that is significantly bigger than the countries than the U.S. was asking for from OPEC for example But even at a small list it's in line with what they were asking OPEC to do In the meantime we did get a release on Japan Kaylee also noting that Japan is expected to release several days worth of oil reserves This according to local media it puts into sense as the scale that we're looking at here and really just if you can give us a sense of how much it would take for OPEC plus to offset this entirely with just reducing some of their production for a couple of days Yeah well you know I don't think OPEC or OPEC plus is going to reduce its production What it might well consider doing is delaying the increase that is currently scheduled for January I think December's increase which was agreed at the beginning of this month is pretty much locked in sales have been made against those loading programs That's unlikely to change but they may decide to delay the January increase perhaps even the February increase And that would take if you take 400,000 barrels a day of potential increase off the market for a month You're getting up to 12 million barrels So you've got to do that for two or three months really to eat into all of this strategic supply release Julian how much daylight is there between what OPEC plus thinks is an appropriate price for a barrel of crude and what President Biden thinks is an appropriate price for a barrel of crude Well that's a very good question And one that is I think fairly impossible to answer You know OPEC and seems to be back into what I saw call this historical mindset where the fair price of oil is always a couple of bucks more than the current price And it doesn't really matter what the current price is if it was 50 they were talking about perhaps 55 when it got up to 65 They were saying well maybe around 70 And it always seems to be a little bit more than it is now Clearly for President Biden what he is I think much more interested in than the price of crude oil is the price of gas at the pump because that's what affects the people who will or won't vote for him And I think the concerns of the same here in the UK Julian can you give us a sense of how much the decline in oil that we've seen over the past few weeks has resulted from talk of the SPR versus the upsurge in COVID cases at a severely crimped transportation certainly over in Europe Yeah I mean undoubtedly both of these factors have had an impact The SPR release which has been you know strongly hinted at for the last two or three weeks has factored into people's assessment of the oil market I think that this is one reason that we haven't seen prices tumble as the numbers have been announced today because this release was already factored in to where people saw the price leveling out And at the same time we've had as you know mentioned the rising COVID cases particularly in Europe where we're seeing new lockdowns being imposed in several countries That's going to restrict demand both for transport fuels and probably also for some industrial fuels We've seen worries about resurgence of cases in China with a big scaling back of domestic air travel And as we get closer to the Winter Olympics early next year there are expectations that China's energy use will be pulled back in order to meet clean air targets Julian thank you so much Julian Lee greatly appreciate it with Bloomberg today I'm not a U.S. but a global strategic petroleum reserve lease I've got to look at the bond market and move critically the 30 year bond is out to a 2.01% Is it a spike up No but nevertheless back to where it was November 17th We forget the story and the noise Lisa yield is higher today Yeah and for particularly in the front end I mean 0.64% on the front end for the two year note after yesterday's auction which was really weak Really tells you where we are as people contemplate the new fed chair Powell West Texas intermediate 76.44 a little bit lighter here Brent crude goes positive We had an 80 print 79.74 on global oil price as well Please stay with us on radio on.

Julian Lee OPEC David Wilson Charles Schwab David castner President Biden Japan Schwab London Brett Treasury
A Digital Paradigm Shift Through the Lens of Finance - Greg Cross Co-founder of Soul Machines on Virtual Humans and Interactive Animation - Voicebot Podcast Ep 230 - burst 11

The Voicebot Podcast

05:19 min | 1 year ago

A Digital Paradigm Shift Through the Lens of Finance - Greg Cross Co-founder of Soul Machines on Virtual Humans and Interactive Animation - Voicebot Podcast Ep 230 - burst 11

"I think of banking and finance is a good way includes the will becoming more transactional. Yeah when when. I grew up my mom and dad to go into the bank of reweight. Bank the patriot. Yo by that used to have to go to the bank every week. Get cash Yet this year that's long gone as many generations of technology that that have come along but is the bank managing you every single one of the customers by nice again Over time your so. We go through numerous now to the point where we'll right now and it what's happened in the code will in many parts of the world was young pool with you know seeing some of our big banking clients on a regular devices and people thought that pre cover that they had pretty high penetration rights of iran on smartphones. But guess what they went through the roof last year could banks because all of a sudden the banking completely Spliced retail bank The the the that that evolving competitive sh- paradigm shift between the banks and the digital banks and the traditional banks. We saw we actually is to become a stop become one So net will you. People have stopped yemen. This was something. I your head really thought about to be honest but i still into co own australian bank couple of weeks ago and Cash handling has plummeted one of the big reasons to have a retail retail branch which is cash handling a type of people. Don't wanna handle keishi anymore aside. We've move money as become eletronic Yeah and look. I obviously haven't traveled use the last twelve months. I mean in the in the us. Yo you can't go anywhere without a dollar bill but but literally The amount of cash physical cash in circulation this changing so these signs of some of the macro trends that again to emerge for of banking for retailing The consumer good as we stopped move forward into the future. I think of the rise of e-trade is an interesting example. Here before e-trade came up no one would think about buying stocks without a broker with. They had a personal relationship with charles. Schwab was popular. But you would call somebody place the order for you and what we see now is stock trading. There is no human behind it made if we look. Robin hood is sorta z. A perfect example of the next phase of that but you know obviously two generations past banking since then obviously with the kick in the pants from ed even accelerated that process which has been underway for twenty years. But i think you're drawing an interesting thesis here that every industry is going towards that same evolution. It's just the question is how far behind banking are they. Are they right behind banking and that they're going to this more high transactional relationship versus high relational interaction or are they. Are they a few years. Do they have a little time before. That really takes. Hold look I think every industry is every industry is having to think in in the in the world we live in today is having to figure out how mun digital impacts every aspect of business. Today i mean with me ultimately. We are in enterprise software. We sell solutions to begin prize. But i've got a. I've got a lad sales organization in the us and that that now selling to Yeah the now selling to Your c. level executives in big corporations Your enterprise selling young for my whole career has been about face to face interaction and building a relationship of this was a huge paradigm shift for you know for the industry And even in a business to business sick that the implications of digital the will we live in a having a real life impact on a day-to-day vice already You will learn about the efficiencies of being able to conduct more business. A and more meetings and digitally So y- is actually invading becoming an integral part of your the data. Dave way we would. We can now live Anywhere in the world and do jobs.

Schwab Robin Hood Charles United States Cantu Dave Himes Allen Coivd Transactional Digital Iran
Kokrak Gets 2nd Win Quicker, Overcoming Spieth at Colonial

AP News Radio

00:32 sec | 1 year ago

Kokrak Gets 2nd Win Quicker, Overcoming Spieth at Colonial

"Jason Kokrak is out Joe Jordan space down the final holes to claim a two shot victory at the Charles Schwab challenge in Texas congressman each with a final round seventy and a tournament total of forty number the big hitting thirty six year old took a one shot lead on the final hole but when space found the water at the eighteenth green color gray I could safely close at his second to win and in the process to become just the third multiple winners for the season spaceplane his third runner up finish despite a closing round three of the past seventy three I'm Graham like us

Jason Kokrak Joe Jordan Charles Schwab Texas Graham
Fed’s Corporate Bond Buying Foresaw a Year of Covid Pain

Marketplace with Kai Ryssdal

02:33 min | 1 year ago

Fed’s Corporate Bond Buying Foresaw a Year of Covid Pain

"A year ago. The twenty third of march twenty twenty early. On as you're know in the days of this pandemic when maybe not all of us understood how much trouble we were gonna be in public health wise mental health wise certainly and economic health wise as well and we begin today of last year because we marked two milestones on this tuesday first of all the stock market low of the pandemic. It's been basically straight up since then. I know not the economy. Thank you we offer that. Just as a marker also a year ago today the federal reserve said it was going to step in and start buying up corporate bonds. That was and is a big deal. The fed getting into corporate dead didn't because the market for that debt just frozen and the fed was helping those companies borrow at lower rates which can be conducive to business and borrow they did. Corporate debt had records in twenty twenty but with rising interest news of late. As we've been telling you corporate debts been getting a little bit more expensive. Marketplace's justin ho gets us gone. Investors think about corporate bonds. Kind of like how they think about government bonds. If you're going to lock up my money for years you better pay me enough interest to make it worth my while. They want to be earning a rate of return that is higher than expected inflation. That's winnie caesar. at wellsfargo. She says many investors expect inflation to pick up this year. People are likely to spend more and that spending good drive up prices not just for regular consumers but for companies to it could be that accompanies cost of labor is increasing. It could be that. A company's cost of just raw materials and commodities is increasing. Those expectations are causing. Corporate bond yields to rise. But they're also signs of an improving economy says kathy jones chief fixed income strategist at charles schwab. Which underwrites this program. Jones says corporate borrowing costs are historically low and even though they're currently rising that shouldn't be an impediment to them investing and continuing to grow the business. The concern says stephen davidov salomon uc. Berkeley is if rates continue to grow into next year or the following if rates get too high. He says companies won't be able to borrow as much to a fun. Projects investment will slow because investment becomes more costly fed chair. J. paul said today although he expects prices to creep up this year he doesn't think that will have a big or lasting impact on overall inflation.

FED Justin Ho Winnie Caesar Kathy Jones Stephen Davidov Salomon Charles Schwab Jones Berkeley J. Paul
Robinhood Freezes Stonks!

Techmeme Ride Home

01:24 min | 1 year ago

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.

Robin Hood AMC Nokia Ameritrade Charles Schwab Twitter Silicon Valley
How your brain responds to stories -- and why they're crucial for leaders

TED Talks Daily

04:36 min | 1 year ago

How your brain responds to stories -- and why they're crucial for leaders

"Maria walked into the elevator at work. She went to press the button when her phone fell out of her hand. It bounced on the floor and went straight down that little opening between the elevator in the floor and she realized it wasn't just her phone. It was a phone wallet that had her driver's license her credit card her whole life. She went to the front desk to talk to ray. The security guard. Ray was really happy to see air. Marie is the one of the few people that actually stocks and says hello to him each day in fact she's one of these people that knows your birthday and your favorite food and your last vacation. Not because she's weird she just genuinely likes people like some to feel seen she tells ray what happened and he said it's going to cost at least five hundred dollars to get her phone back and he goes to get a quote while she goes back to her desk twenty minutes later he calls her and he says maria i was looking at the inspection certificate elevator. It's actually do for its annual inspection next month. I'm going to go ahead and call that in today and won't be able to get your phone back in. I won't cost you anything the same day this happened. I read an article about the. Ceo of charles schwab while turbine injure he's describing his straight a career at university going into his last exam expecting ace it when the professor gives one question. What is the name of the person that cleans this room. And he failed the exam. He had seen her but he had never met her before. Her name was dottie. And he made a vow that day to always know the dadis in his life. Because both walter and maria understand this power of helping people feel seen especially as a leader. I use that story back. When i worked at general electric. I was responsible for shaping culture and a business of ninety thousand employees in one hundred fifty countries and i found that stories. Were such a great way to connect with people and have them think. What would i do in this situation. would i have known dotty or who are the dadis. I need to know in my life. I found that no matter. People's gender or their generation or their geography in the world the stories resonated and worked but in my work with leaders. I have also found. They tend be allergic to telling stories. They're not sure where to find them or they're not sure how to tell them or are they think they have to present data that there's just not room tell story and that's why i want to focus today because storytelling data is actually not this either or it's an an actually create this power that connects you to information differently to understand how we have to. I understand what happens. Neurologically when you're listening to a story and data so as you're a lecture or you're in a meeting to small parts of your brain are activated. We're an again broke his area. This is where you're processing information and it's also why you tend to forget fifty percent of it right after you hear it when you listen to a story. Your entire brain starts to light up each of your lobes will light up as your senses and your emotions are engaged as i talk about a phone falling and hitting the ground with thaad your in your temporal lobes are lighting up as though you're seeing that fall phone and hearing it hit with the side. There's this term neural coupling which says as the listener your brain will light up exactly as mine is the storyteller. It mir's this activity as though you are actually experiencing these things. Storytelling gives you this artificial reality if i talk to you about like walking through the snow and with each step. The snow is crunching under my shoes. And big wet flakes are falling on my cheeks. Your brains are now lighting up as though you are walking through the snow and experiencing these things it's why you can sit in an action movie and not be moving but your heart is racing though. You're the star on screen because this neuro a coupling has your brain lighting up. Though you were having that activity as you listened to stories you automatically gain empathy for the storyteller the more empathy. You experience the more oxytocin is released in your brain.

Maria Charles Schwab Marie Dottie RAY General Electric Walter
"charles schwab" Discussed on WCBM 680 AM

WCBM 680 AM

06:26 min | 1 year ago

"charles schwab" Discussed on WCBM 680 AM

"Through Drew Tikkanen. Ellie live right now We're running the tape, which was about 16 17 minutes long. With Charles Schwab. I had the opportunity asked him if he would be willing to do this, and talk about this book invested the trial's on tribulations and successes of the Charles Schwab company. And started off. He talked about how he cut commissions. After deregulation in 1975, all the big brokerage firms raised commissions, and he's had a passion. Since the early sixties to change the way financial advice is delivered to the public because he's always felt that the main brokerage firms were disingenuous as to what they were doing for their clients, and he wanted to bring a different way of doing it. And if you read the book and listen to the things that he's done, Charles Schwab Andre then forming the Charles for brokerage firm where he cuts commissions by 75% when these other people raise them by five or 10% under the guise that they're giving great advice. Hey, believed that that just wasn't true. Well, you know he comes. Here comes Bank of America. They are from a boatload of money in 1983, and he accepts it. He takes the money, and within a year he realizes what a serious mistake he made. Because they were just overblown bureaucracy and it was not going to allow his company that continue to do what he passionately wanted it to do. And so he decides to take it back again and buy it back from them because he knew they were in trouble financially and needed the money. So he buys it back in 1970 1987. And 9 10. Months later, the crash of 87 is coming and they're gonna have some financial difficulties because of some risk management control systems that want properly in place. And he manages to take the company public in September of 87. Next thing you know, he's got all the money to survive through the crash of 87 get things right. And such that in 2000 and eight After the 87 crash, he swore this company will never make these mistakes again and in 2000 and eight when almost every brokerage firm in the country Except for ones like him and Fidelity and TV Ameritrade. They all asked for tart money to help them survive, and 12 didn't need a nickel from the government to survive. And we talked about that in 1999 as to why Schwab would never need this again because of the way they conducted their business. And he talks about how that impacted him so much in 87 that they went through 2000 and eight without the concern that there company could go under. In that financial crisis of 2000 and eight These next two segments were Charlie. About two minutes long. We're going to talk about one of the best pieces of advice. You know, Schwab can give you as an investor. And so will play that first and then we'll come back and we'll talk about the next segment. So take it away. It's the first segment number five. You're You have said something in your book that really hit me hard. And that was you said an investor always needs to be an optimist. I thought that was just a great line. That's for sure. So let me ask you a question. How? After when you You're sitting there, 9 11 happens. How do you remain an optimist during that moment? Well, I remember that very clearly. And it's a matter of fact, we were on the phone. I saw that occur on CNN at the time, and we're in a business meeting call and We knew where we were in trouble for a short period time, But we know you just have to believe in the strength of America. What we have here is so unique. Throughout the world that he is a premier capitalist system. Take care of our people the bottom in, but we also generate to innovation to creativity. Who knew investments. New new products, new things that everyone can enjoy. Yeah, that's what makes the world spin here. So you know, he says that you always need to be an optimist, and he talks about how great country America is, and it is a great country on bears no doubt that this country has survived incredible things, including Pearl Harbor and 9, 11 and many other catastrophes. And he's right now An investor always needs to be an optimist. Now. I challenge him again in this next segment and say, What about all the divisiveness that's happening now? So let's play that and see what his response is to that. And you know, the only thing that could probably hurt the country is division and cash. I'll tell you, it seems like division is the number one issue right now. I don't understand it. It is, But I think there is, uh The sense Behind all the rhetoric that there really is a solid Group of people that really, uh Maybe the two coasts. Eight are crazy, But the other 48 states, I think will be pretty well off in terms of we'll get the right direction for the country night and I think what's happening now You have to be confident about our future. You know whether other way to express it. So you know, he says it as it is, you know is that you know, look, he got some lunatics on both sides of the country that are driving the narrative, but for the most part, the average American believes in America. And whether you're liberal or conservative or Republican or Democrat or whatever the case may be. There's a sense that we want to be together and work together and try to figure out How to solve our differences without the division that very small factions tried to drive on each side of the table..

Charles Schwab America Charles Schwab company Charles Schwab Andre Schwab Drew Tikkanen Bank of America Ellie CNN Pearl Harbor Charles Charlie
Big companies moving from New York and California to Texas

Wealth Without Risk

02:18 min | 1 year ago

Big companies moving from New York and California to Texas

"Companies that are leaving high tax areas. New York and California, for example. And moving to low tax areas. One of them now, this one's not official NASDAQ. Is talking to Texas s O. We don't know if that was going to move or not. These have announced Tesla. Tesla's headquarter in California. They're moving their stuff to tend to Texas, a TNT. That's another one. Charles Schwab. They're going to Texas. That's another one hears. And here's one that most of the guys going to the P G. A Professional Golfers Association. They're going toe army. They're gonna move to Texas. Here's another one. You may not know this name, but they are the largest supplier of the largest medical supplier in the nation to called McKee Sin. McKee's and is very big means in medical supplies and some pharmaceuticals and they're the largest and oldest medical supplier in the country. You might not know the name But they're going to Texas. I mean, what does this tell you? What does this tell you? So amid the pandemic, you know, wherever they were, they're going to pull up their roots. So if you know, let's say, let's just use Tesla's an example. Of Tesla closes its plant in California and moves its operations to Texas. All of the businesses. Okay, so some of those people will move some of them. Won't you get people out of a job? And all of the businesses surrounding that plant. You know it was, you know that are indirectly supported by Tesla's. They're going to suffer. If there's you know the gas station across the street, they're going to sell less gas. They may go out of business, the 7 11 or the highs. It's around the corner where people stop in to grab a soda or grab some gas or grab a snack or whatever it is they need. Okay. They may go out of business. If there's a laundromat nearby. If is a dry cleaners nearby, They may go out of business. If there's a grocery store nearby, and people are in the cabin of picking, you know, going to the grocery store when they get off of work, and you know, in between work and home. They're like, Well there. I'm not working there anymore. So I'm not stopping at that grocery store so they may go out of business, so the indirect impact is massive. It's absolutely

Tesla Texas Professional Golfers Associati Mckee Sin California Charles Schwab TNT Mckee New York
Texas governor says companies moving headquarters to the state has turned into a 'tidal wave'

CNBC's Fast Money

02:58 min | 1 year ago

Texas governor says companies moving headquarters to the state has turned into a 'tidal wave'

"Alright we have big news here coming out of oracle this hour the company just announcing it is moving its headquarters from silicon valley to austin texas joining us now on the fast line is texas governor greg. Abbott governor abbot. Thanks so much for joining us. Thank you melissa. Honor to be with you. so now. it's oracle before was Tesla's cyber truck factory and elon. Musk himself personally. Moving to texas. What are you doing to attract these companies tax breaks. Here's i i would say. This is big news unto itself but in in context of everything else. You talked about elon. Musk you talked about tesla. Remember we just had the announcement about hewlett packard enterprise. We also just had the announcement last month about the fortune. Five hundred company. Cbre living headquarters to And then Next month we have the formal opening of the charles. Schwab headquarters moved to the dallas area. And so this has turned into an absolute tidal wave for some their businesses that have had operations here and they've enjoyed the operations here. Oracle has had a thirty seven acre campus in austin texas for several years. Now i've been dealing with separate cats for more than a decade now Suffered i have a good relationship But of course it moving business headquarters is more than just that one relationship. They are looking for a state. And that gives them the independence autonomy and the freedom to chart their own course in those are word to us is us about people like separate has used by people like you know. Alon is elated to be here nina. Talk on virtually a weekly basis and he loves the freedom that he has in texas whether it be worst space x other enterprises that he is involved in. I'm sure he loves the lower tax rate as well as many other entrepreneurs do governor abbot. It's funny because back in. May i spoke to governor gavin newsom california and. I asked him if he was worried about elon. Musk leaving california in any way shape or form and he said that he was not worried at all should he be. Are you on the phone with other. Silicon valley companies. Courting their business. I've been on the phone. A weekly basis with ceos across the country. And it's not just california there. There are other states. And i'm sure that you guys have seen that i've been in negotiations with the nasdaq with companies that do business with the nasdaq and our trading operations. And so we're we're working across the board because the times of kobe have exposed a lot. They've exposed the ability that you really don't have to be in manhattan for example in order to be involved in the trading business or the investment business We're getting a lot of investment Leaders from the new york region new jersey region as well as from the california region. They're moving to the state of texas and that's just the investment sector the tech sector et cetera. So cost of business means a lot. No income tax means a lot but also the freedom to operate without the heavy hand of regulation means a lot

Texas Oracle Governor Greg Abbott Governor Abbot Tesla Elon Musk Austin Silicon Valley Governor Abbot Hewlett Packard Melissa Schwab California Alon Dallas Charles
"charles schwab" Discussed on TalkRadio 630 KHOW

TalkRadio 630 KHOW

03:23 min | 1 year ago

"charles schwab" Discussed on TalkRadio 630 KHOW

"Because you're not just everyday people. Your everyday is successful people. But what you don't want to do is let that success go to waste guys. A new Charles Schwab survey found that the average baby boomer has supposedly saved about $920,000 for retirement. However. They also found that boomers expect to spend about $135,000 a year in retirement. And this is where the wheels start to come off a bit, because at that rate You're going to enjoy a comfortable retirement for on Lee, seven years, So then what happens with your eight and you're nine and all the years that followed. This is not a very realistic plan, is it? You know, I think there's a lot of people who they hear that number or they they see their 401 k balances go up and up and up. And they think that's a big number. I'm gonna be just I'm just fine. Just fine. But there is a huge challenge there. You've got to do the math. I mean, this isn't that hard, Even if you know one thing that you're not factoring in is, you know, maybe they have Social security. Maybe they have a small pension. That's a 14 almost a 15% withdrawal rate on $920,000. And that's you know, in a environment in which that account Doesn't go down, right? Well, yeah, Okay. But think about that. It's just like when we talk about era here in Colorado if they're promising a 10% pay out every year. To sustain that fund. You've got to make more than whatever that is. So that implies that if you want that $135,000 to last the $920,000 has to make more than 14.6%. What happened? Market averaged over time, maybe 7 to 7.5. So that essentially means When you're retired. If you have that scenario where you have, you know, roughly a million bucks and you're pulling 15% your money down. You would need to take twice the risk of the stock market every year until you die while you're retired. It doesn't work in those years. You are looking to reduce our market risk, right? You got to reduce risk to deal market risk to deal with market selloff, but you also have toe keep pace with inflation and keep pace with taxes. We can think about how I helped perfect that world would have to be okay. Markets would have to be smoking right. You would have to have lower taxes, lower inflation. That's just keep pace with that. So you you've got to do actually, You've got to take a hard look at where you're at and look at those numbers because we have many people that say, Oh, you know what? Here's a million dollars and I need 90,000 or 100,000, and you just look at them. It's math guys, and this goes both ways and you know, going back to the can. I afford retiring in the way I want to retire. You know, Every year we sit down with the people that we work with and either it's no. You can't spend what you want to do. Or you can't go on those trips because if you do, the future might fall down, But on the other side of the coin We have people who are paralyzed by fear. They won't do anything. Yeah, and they might have millions of dollars say, but they're scared that they can't spend it because they might not have enough in the future. What's the point of all that money being socked away and saved up right? It might be to give it to somebody else in the future. We keep introducing these technical terms socked away.

Charles Schwab Colorado Lee
"charles schwab" Discussed on Powering Independence Podcast

Powering Independence Podcast

04:54 min | 2 years ago

"charles schwab" Discussed on Powering Independence Podcast

"Hello and welcome to the powering independence. Podcast i'm your host austin philbin and today. We have a very very very special episode. What it means to be swabi examining the powerful culture. Charles schwab who the stories of its people and i will be joined for the first time remotely by three different guests in three different locations. This is gonna be a great one. <hes> let's start with <hes>. Just a little bit about you. So maybe if you could tell me a little bit about yourself your background and why to you charles. Schwab is such a great place to work. Why don't we start with brad. Well first of all things anatomy love having a philosophical conversation like this just around the business and <hes>. It's been a great partnership we've had with dynasty but to be able to step back and really talk shop like this is a much appreciated break in the day. So i'm brad lawson. I do lead our relationship management teams around the country and i've been working with advisors net capacity for about twenty-three years now and i've seen schwab grow from a very small organization to arguably a very very large organization and one of the things we've released strived for the business is how do we stay small to each and every advisor to never relationship. In spite of our rapid growth and the sheer size of our platform are people in the end. The complexity within the business and the schwab has been able to remain very entrepreneurial <hes> with a with a flat organization. It's very easy to navigate <hes>. They're also very few hierarchical walls within schwab so as large as we become is still under easy to get work done. Every day to collaborate on clint solutions and in the second aspect of the business in schwab is philosophically. Were aligned with advisors <hes>. We put clients first. We are a market driven organization not a marketing organization which to me means that we understand what clients want in need today into the future and we build that and if we build disciplined in scale and excellence into our model but will figure out a way to be profitable. Make money doing that at the end of the day so that that remaining small incline first pieces. The reason that i keep choosing to wake up and work here every day after twenty three years. Great to have breakfast overlooking the san francisco bay with an executive at your company and he echoed similar comments. And i just wanted to check in with you around what he said. Which was the industry as a whole seems to be migrating particularly in the larger financial institutions to a very specific advisor. One with a smaller book of business with high net worth and ultra high net worth clients. They're going to utilize multiple products. And they're going to generate a lot of revenue for the firm and he said that's that's not really the way that we think about the advisory space schwab. We think every advisor in every practice has a place here and is special. Do you see that on a regular basis <hes>. with the culture of of schwab. I i do. And what's kind of validating about hearing that from a number of years ago as his. You've had that experience in the past three years and continuing for the next couple of years we are working on evolving our platform so that we can become more specialized for each constituency of advisers. We have an entire platform with a service model with people dedicated leadership and relationship management and service as well as new and scalable value added services like business consulting and other things will come. We'll get into later for advisers that have any fifty million dollars with us and we have almost five thousand advisors without under a hundred million dollars in uh platform our traditional adviser which would call a practice right <hes>. Maybe budding on professional practice. That may be two three hundred million up to about a billion. That is our our tradition bread and butter and we continue to evolve our platform for those advisers. When you get about a billion dollars and particular into multi billion <hes>. You know we start to see some really dynamic changes within the structures of advisory businesses and advisors go from practice to professional practice and when you have dedicated leadership centralized back office operations. Sometimes investment management start to see a miniature enterprises in sometimes quite frankly many financial institutions emerged within the ra space

Charles schwab Schwab brad lawson san francisco bay clint solutions advisor executive
Examining the Powerful Culture of Charles Schwab through the Stories of its People

Powering Independence Podcast

04:54 min | 2 years ago

Examining the Powerful Culture of Charles Schwab through the Stories of its People

"Hello and welcome to the powering independence. Podcast i'm your host austin philbin and today. We have a very very very special episode. What it means to be swabi examining the powerful culture. Charles schwab who the stories of its people and i will be joined for the first time remotely by three different guests in three different locations. This is gonna be a great one. let's start with Just a little bit about you. So maybe if you could tell me a little bit about yourself your background and why to you charles. Schwab is such a great place to work. Why don't we start with brad. Well first of all things anatomy love having a philosophical conversation like this just around the business and It's been a great partnership we've had with dynasty but to be able to step back and really talk shop like this is a much appreciated break in the day. So i'm brad lawson. I do lead our relationship management teams around the country and i've been working with advisors net capacity for about twenty-three years now and i've seen schwab grow from a very small organization to arguably a very very large organization and one of the things we've released strived for the business is how do we stay small to each and every advisor to never relationship. In spite of our rapid growth and the sheer size of our platform are people in the end. The complexity within the business and the schwab has been able to remain very entrepreneurial with a with a flat organization. It's very easy to navigate They're also very few hierarchical walls within schwab so as large as we become is still under easy to get work done. Every day to collaborate on clint solutions and in the second aspect of the business in schwab is philosophically. Were aligned with advisors We put clients first. We are a market driven organization not a marketing organization which to me means that we understand what clients want in need today into the future and we build that and if we build disciplined in scale and excellence into our model but will figure out a way to be profitable. Make money doing that at the end of the day so that that remaining small incline first pieces. The reason that i keep choosing to wake up and work here every day after twenty three years. Great to have breakfast overlooking the san francisco bay with an executive at your company and he echoed similar comments. And i just wanted to check in with you around what he said. Which was the industry as a whole seems to be migrating particularly in the larger financial institutions to a very specific advisor. One with a smaller book of business with high net worth and ultra high net worth clients. They're going to utilize multiple products. And they're going to generate a lot of revenue for the firm and he said that's that's not really the way that we think about the advisory space schwab. We think every advisor in every practice has a place here and is special. Do you see that on a regular basis with the culture of of schwab. I i do. And what's kind of validating about hearing that from a number of years ago as his. You've had that experience in the past three years and continuing for the next couple of years we are working on evolving our platform so that we can become more specialized for each constituency of advisers. We have an entire platform with a service model with people dedicated leadership and relationship management and service as well as new and scalable value added services like business consulting and other things will come. We'll get into later for advisers that have any fifty million dollars with us and we have almost five thousand advisors without under a hundred million dollars in uh platform our traditional adviser which would call a practice right Maybe budding on professional practice. That may be two three hundred million up to about a billion. That is our our tradition bread and butter and we continue to evolve our platform for those advisers. When you get about a billion dollars and particular into multi billion You know we start to see some really dynamic changes within the structures of advisory businesses and advisors go from practice to professional practice and when you have dedicated leadership centralized back office operations. Sometimes investment management start to see a miniature enterprises in sometimes quite frankly many financial institutions emerged within the ra space

Schwab Austin Philbin Brad Lawson Clint Solutions Charles Schwab Brad Charles San Francisco Bay
Survey reveals financial impact of coronavirus among Washington, DC-area residents

WTOP 24 Hour News

00:45 sec | 2 years ago

Survey reveals financial impact of coronavirus among Washington, DC-area residents

"An online survey taken in January and again this June shows how D C area residents have been affected fine. Actually by the Corona virus pandemic, According to the Charles Schwab 2020 modern wealth survey of saving spending and investing, 57% of Americans say they are a close family member have been financially impacted by covert 19 that percentage of D C residents is 59%. The survey also found some silver linings When it comes to financial behaviors, 47% of area residents surveyed say they're more likely to be saving Maurin general compared to before the pandemic outbreak. 39% of DC area. Residents also report that their relationships drive their overall happiness more than twice as much as money. Sandy coz l w t o P

Charles Schwab
Colonial spectators in bushes and temporary tents off course

The Morgan Show with Morgan White, Jr.

00:35 sec | 2 years ago

Colonial spectators in bushes and temporary tents off course

"The PGA Tories back Xander sharply made a twelve foot birdie putt on the last hole for a sixty six in a one shot lead at the Charles Schwab challenge among those one shot behind where Jordan Spieth's Justin Thomas and reigning US open champ Gary woodland that sets up what should be a great Sunday at colonial with no spectators allowed on the course but there have been unofficial spectators watching sneaking their way in there weren't even tickets for colonial members but some of them had obstructed views from one of the three temporary party ten same grandstand set up in the yards of nearby homes the cheers from there could be heard at the far end of the

Tories Xander Jordan Spieth Justin Thomas United States Gary Woodland Charles Schwab
"charles schwab" Discussed on Newsradio 700 WLW

Newsradio 700 WLW

07:10 min | 2 years ago

"charles schwab" Discussed on Newsradio 700 WLW

"Like a cocktail no it would fit the weekly reality check roll along until midnight Hey by the way live sports return today first round of the Charles Charles Schwab invitational PGA tour golf without fans know gallery I gotta tell you watching golf on TV I watch some of it you really don't need saints I don't need that Jack knob yelling out get all I got everyone on their six hundred and thirty eight yards away five eighty box yeah what it is I mean you you got now the NBA some of those guys are going wait a minute now we're not so sure we want to be quarantined out there for months I mean literally they're getting some kind of backlash to that the NHL has announced the NFL's moving forward UFC content I mean you know so major league baseball's but it and I think you are talking to lance about this earlier today he's exactly right the collective bargaining agreement expires after twenty twenty what they they can't they can't not have a season this year on the heels of Acton No Way now what do you mind said this he just brought this up out of the blue today he said people today are just **** they're just they're just means they're never in a good life was this may well I remember you talking about like when you walk very few people like wave or say hello or whatever and I asked him I said twenty funny you say that I said so when he goes he goes it's been going on for five plus years and I said well how do you what do you what do you do okay so yeah so I guess what what do you what do you think that is well I think it was out of the recession back we had our most recent recession years and honestly goes I just think it's the stress all of trying to make ends meet jobs are tough for people are working longer or harder right cetera you don't now you throw on top of that coalbed the world is now no where near what it was four months ago unemployment rates protests I mean just one thing after another and I'm I'm thinking that you know maybe there's some validity to that what you think back to the mid nineties when it was I mean it was like even though the wind was just unicorn farts and everything was just I mean the economy was booming and around the wearer's peace around the world I remember looking at my at the time fiance and then we had a wife and said it's too quiet things are going too well yeah and here we are some twenty four years later well and I'll be on the entire world is completely upside down but as a function of this I told her what I tell you I was going to come out of all this people are just gonna they're not gonna come together people ravaged bigger Dicks to each other when this is all over with and you're seeing it now with people giving each other the stink eye because they do have a mask on or they don't have a mask on or you know you just see it people flipping you off for nothing in traffic and I realized I was in C. I noticed the driving piece of it people are driving like idiots to get ten feet in front of them they're behind somebody else I just I never understood that but I don't know I guess I tried to take a look I'm not thrilled about this I mean my business small business is completely on hold I can't tell you where it's going to be this fall I mean it's I had a major event cancelled late spring nobody's fault it's just it is what it is now things are up in the air there's not a lot of direction I mean I talked to people who work in high school sports athletic directors administrators everyday and I'll tell you you know we we don't know I mean we're not get you know we got recommendation so he went from everything was mandated to now this is recommended and maybe I would do it this way or that way it's docked on everybody else everybody is trying to do things they've never done that's something you got to keep telling yourself we've never been in this position before and I've tried to keep a decent answer you and I've talked about this my god you're just tired of the same thing over and over and and is there any other boredom but also the divisiveness and everybody you know everybody wants to lay at the feet of trump we've never been more divided your is you can go back you go back forty years you know economic division the you know you go back to Reaganomics you can go you go through every single president to find something where we came out of it more divided than we went in you can go to Obama Obama didn't heal race relations in this country I would suggest they got worse because certain levels of X. spectate shins were put out there that would not we're never going to be met and so there was just another thing to bang heads about it it's it's not any one person it's not getting any better but look at the seeds that are being sown right now the whole United we stand divided we fall thing is about to come to fruition there is a civil war coming on some front in this country I'm sorry there is and if we don't figure this out that it's us as a people that are going to get this right and fix it we're we're we're in big trouble man big trouble well and I'll be honest with you you know and everyone when trump was elected you know I don't think it's a bad idea having a non politician be president I I I don't I would agree with you and I and I think a lot of what trump does and says behind it kind of makes sense the problem I have with trump is he just he just can't keep his mouth shut using what and I mean who could be a worst offender you by using social media control up I mean that's still do you don't need that stuff I just I I I would tell you this and this goes back you know to the previous administration we as a people deserve better resolution we we'd we deserve more transparency in our government and policy statements and things like that better than Twitter we are you deserve one hundred and forty characters as to you know and that's how I met really I think through the first eight years of Obama but a lot of Twitter became the way to get news out yeah and the president tweeted in this I don't ever really want to hear the president tweeted I don't I don't ever want to I want to hear a press conference I want to hear an oval office address I want us to be given something of substance and now we can put our teeth around and it didn't start with this guy now he he has used it personally to do certain things and you can you can argue the validity of his the way he does it all you want you know other people say they would just take his thumbs away we'd be in much better shape that sort of thing you can make that argument all you want but it started way before that we deserve better than policy statements and a hundred and forty characters or less we just do and we need to demand better and if we don't it's on us we gotta take a break for news rob carver there's got it we got one more segment before we get to George Vogel the last call and now then it's right away with David midnight until and now he's gamble I'm fit it is news radio seven hundred WLW traffic and weather news radio seven hundred W. L. W..

Charles Charles Schwab Jack
Dallas - PGA Tour ready for restart at Fort Worth

WTOP 24 Hour News

00:32 sec | 2 years ago

Dallas - PGA Tour ready for restart at Fort Worth

"Golf is back this week as the PGA tour holds the Charles Schwab challenge in fort worth Texas the first tournament since mid March Sander shop please try to keep the normal routine you know when I first came back I just I played most of the courses in San Diego you want a lot of practice you can only play and I think that may have been a blessing in disguise so my first you know two weeks of golf coming back with zero practice and all the way I feel like beneficial for means of sitting around unable to play in sort of honestly you know turn pressure to complain capital on the call today

Golf San Diego Charles Schwab Fort Worth Texas
"charles schwab" Discussed on KCRW

KCRW

01:35 min | 2 years ago

"charles schwab" Discussed on KCRW

"Small businesses bailouts for bigger industries and direct checks to individuals but here's the problem with historical comparisons they can tell us what happened how it turned out the last time the government went this big into the economy can't tell us what's coming your Sesame Street check it out check it out we will but first let's do the numbers yeah the Dow industrials nose dives five hundred sixteen points today two point one percent twenty three thousand to forty seven the nasdaq sank hundred and thirty nine point out about percent a half finished it eighty eight sixty three the S. and P. five hundred tumbled fifty that is one point seven percent to twenty eight and twenty there bank stocks took a big hit Wells Fargo down six point two percent bank of America down four and a half percent bonds rose yield on the ten year T. note down to zero point six five percent you're listening market market place's supported by Charles Schwab in uncertain times Schwab remains invested in their clients by striving to see the world through investors eyes Schwab offers personal guidance and clarity learn more at Schwab dot com on how Schwab is ready to help and by avalara avalara has been working to take human error out of the tax compliance process using cloud based real time rate calculation and automatic return filing avalara tax compliance done right eighty eight L..

America Charles Schwab Schwab dot com avalara avalara
"charles schwab" Discussed on WTOP

WTOP

01:53 min | 2 years ago

"charles schwab" Discussed on WTOP

"S. open tennis organizer is hoping to make a decision come June or whether not to play that tournament the end of August in in New York lots of travel restrictions could still be in place and looks like they don't want to play in front of a empty arena so they may end up canceling altogether but that will come in June golf the PGA tour looking to get back to the course in June and fort worth Texas at the Charles Schwab challenge week of June eleventh first four tournaments they have scheduled coming up we'll have not have fans in the make decisions moving forward after that the NFL has its second positive test of coronavirus von Miller Pro Bowl linebacker the Broncos tested positive his agent told the NFL network today and that Miller is resting at home and in good spirits he plans to speak publicly on Friday college basketball news university Maryland guard Taylor Mikesell is in the transfer portal she's the third Maryland player leave the past month along with secure Austin and Olivia in Wayne Gretzky Alex about skin they never competed on the ice but they're going to compete now on a video game EA sports NHL twenty on the capital's twitch channel the twitch live stream next week April twenty second at eight o'clock or raise funds in support of covert nineteen relief in Edmonton and the greater Washington region it's being billed as the great one verse the great eight it's a best of three naturally George Wallace to B. two B. sports are things Giorgio Saturday Maryland's mask order goes into effect you'll have to wear one at retailers and on any form of transit so if you want an actual face mask and not just a scarf to throw over your face finding a mask might not be as hard as you may think well N. ninety five masks remain very hard to come by disposable surgical style masks can still be found on Amazon also non medical reusable cloth faced asks are readily available online and companies known for other products are now or will be cranking out the.

Giorgio George Wallace Washington Wayne Gretzky Alex Olivia Charles Schwab New York Amazon Maryland Edmonton NHL Austin Taylor Mikesell Miller Broncos NFL Texas
PGA Tour Announces Revised Schedule Beginning June 8th, With Events Closed To Fans

CBS Sports Radio

00:15 sec | 2 years ago

PGA Tour Announces Revised Schedule Beginning June 8th, With Events Closed To Fans

"The PGA tour returning in June with no fans the first event on the revamped schedule Charles Schwab challenge on June eleventh followed by the RBC heritage travelers championship the rocket mortgage classic no spectators to be allowed at any of

Charles Schwab
PGA Tour hopes to resume in June at Colonial with no fans

AP News Radio

00:32 sec | 2 years ago

PGA Tour hopes to resume in June at Colonial with no fans

"The PGA tour laid out an ambitious plan Thursday to resume its season the second week of June and keep fans away for at least a month conceding that any return to golf depends on whether it can be played safely amid the corona virus outbreak the Charles Schwab challenger colonial in fort worth Texas was pushed back to June eleventh through fourteenth assuming golf gets the green light from government and health officials the tour then would have an official tournament every week through December six except for a thanksgiving break offers the first port to announce plans for a restart last week the PJ announced that three majors including the masters in November would go off later in the year I'm Josh Rowntree

Josh Rowntree Charles Schwab Fort Worth Texas Official
PGA Tour hopes to resume in June at Colonial with no fans

AP News Radio

00:32 sec | 2 years ago

PGA Tour hopes to resume in June at Colonial with no fans

"The PGA tour laid out an ambitious plan Thursday to resume its season the second week of June and keep fans away for at least a month conceding that any return to golf depends on whether it can be played safely amid the corona virus outbreak the Charles Schwab challenger colonial in fort worth Texas was pushed back to June eleventh through fourteenth assuming golf gets the green light from government and health officials the tour then would have an official tournament every week through December six except for a thanksgiving break offers the first port to announce plans for a restart last week the PJ announced that three majors including the masters in November would go off later in the year I'm Josh Rowntree

Josh Rowntree Charles Schwab Fort Worth Texas Official
PGA Tour Announces Revised Schedule Beginning June 8th, With Events Closed To Fans

The Jim Rome Show

00:19 sec | 2 years ago

PGA Tour Announces Revised Schedule Beginning June 8th, With Events Closed To Fans

"The PGA tour released a revised schedule this morning they hope to resume their season with the Charles Schwab challenging for words June eleven to fourteen they would then play every week into September at least the first four events which also includes stops in South Carolina Connecticut Michigan it would be played without

Charles Schwab Michigan South Carolina Connecticut
PGA Tour hopes to resume in June at Colonial with no fans due to coronavirus outbreak

WTOP 24 Hour News

00:19 sec | 2 years ago

PGA Tour hopes to resume in June at Colonial with no fans due to coronavirus outbreak

"Hour the PGA tour announcing it will resume its season June eighth with the Charles Schwab challenge of the colonial Country Club in fort worth Texas at this time the tour plans to resume play with the first four events close the general public and then we'll reevaluate again the PGA tour picking up with the June eighth event in fort

Fort Worth Texas Charles Schwab Colonial Country Club
PGA Tour plans to resume play in mid-June with no spectators

Steve Cochran

00:17 sec | 2 years ago

PGA Tour plans to resume play in mid-June with no spectators

"As expected the PGA tour announced today a date for play to resume the tour will pick up in mid June and fort worth with the Charles Schwab challenge other tournaments have been moved the first four events will be played without spectators they will monitor the situation

Charles Schwab
"charles schwab" Discussed on News 96.5 WDBO

News 96.5 WDBO

02:20 min | 2 years ago

"charles schwab" Discussed on News 96.5 WDBO

"They're connected free remote area you can't get packages shipped and you can't buy a lot of normal good wow but the other thing is I won't have many expenses while I'm over there and so the opportunity saves is going to be significant I would be my only expenses will be food entertainment and travel right I'm going to suggest strongly that if you don't have one that you open an account at Charles Schwab because Charles Schwab is so flexible in that you can have a a visa card with your account the pay no foreign transaction fees if you ever need to use it you know it when you travel who knows where you're able to get money in local currency fee free that cover ATM charges for you they have the equivalent they have checking accounts they haven't quit one of the cash management account it is a dream for people who are ex pats for a period usually of one to five years to have a relationship with Charles Schwab okay and this is really an exciting adventure you're about to go on have you ever lived overseas you know I had the opportunity to visit that this country back in twenty twelve so I I've I've been there but only for a week which I'm sure is nothing like living there for three years with bringing my young kids Alana well this is really something Sir have a great great experience and I hope it works out perfectly for you you're listening to the Clark Howard show now the three big things you need to three the coronavirus selloff continued on Wall Street today the Dow dropping another three hundred fifty seven points but was down about a thousand at one point in time the FDLE investigates another officer involved shooting in central Florida this after arms county deputy shot a nineteen year old who they say first shot at them the suspect is expected to be okay and is facing several felony charges one president trump is in Charleston South Carolina tonight for a keep America great rally ahead of tomorrow's primary in that state trump also said he is nominating Texas Rep John Ratcliffe to serve as the next director of national intelligence the news ninety six point five W..

Charles Schwab Alana FDLE officer Florida Rep John Ratcliffe director Clark Howard president Charleston South Carolina America Texas
"charles schwab" Discussed on WNYC 93.9 FM

WNYC 93.9 FM

01:44 min | 3 years ago

"charles schwab" Discussed on WNYC 93.9 FM

"Day and who gets to ring that bell and Howell the ring that bell turns out to be a pretty big deal we'll hear all about it just a moment on market place here on WNYC will be back with all things considered at seven PM increasing clouds tonight low thirty two degrees but with the wind chill field between twenty five and thirty it's six thirty W. NYC supporters include the vision zero initiative in New York City one in three pedestrian deaths or serious injuries involve a turning vehicle vision zero encourages drivers to turn slowly and always watch for pedestrians and cyclists W. NYC independent journalism in the public interest ninety three point nine FM and am eight twenty NPR news and the New York conversation market place's supported by Charles Schwab when it comes to your money Schwab believes asking questions can help lead to better outcomes learn more at Schwab dot com forward slash compare us what if the trade war really did go on for ever from American public media this is market for market place's supported by C. three dog night addressing the world's most challenging problems at the convergence of artificial intelligence I O. T. and the last to cloud computing learn more at C. three dot and I can buy Drexel University Drexel university's academic model prepares visionary leaders to address the challenges of a changing world Drexel dot EDU slash ambition can't wait and by.

bell Howell Charles Schwab O. T. Drexel University Drexel unive NYC NPR Schwab dot thirty two degrees six thirty W
"charles schwab" Discussed on WSB-AM

WSB-AM

03:51 min | 3 years ago

"charles schwab" Discussed on WSB-AM

"Name is faith that that that more money and I get five dollars each week change callin okay well good for both of you so the money you want to invest how long are you willing to leave it aside first you callin how long are you willing to put this money that you have the one seventeen and let it just grow for how many months or years Sir what are you thinking I'm not actually sure let me why I called you we thought that it all right well the idea is that when you save money you're putting money into like a savings account where you put the money into it and then they put you interest on the money with the thinking being that it's money that you're going to spend sometime in the next few years on the other hand if it's money that you've felt good about saving you might want to add to it over the years and you're willing to invest it where you own little pieces of companies like name a store a place you like to go well okay all right see you could own Disney stock you could you could do anything like that any what place do you like to eat all right I'm restaurant called now how about he hi well that may not be a when you can buy a stocky on though so in that was with that calendar Aiden just gave me that answer Karen Gillan Satan what's your favorite restaurant it's like a big one I want to explain okay what chick fillet is a big company but they don't sell stock either so there's something you can do where you could be an owner of a lot of different companies where you could buy what's known as a find when a find they'll own little part so companies as many as like three thousand different companies all in one or if you both like Disney you could buy Disney stock know what you can do is go in with a parent the place I would go is to Charles Schwab have you ever heard of them neither of you heard a Charles Schwab what you just need a hundred dollars is somebody who's not an adult you just need a hundred dollars to open an account and then you can start buying these these fines and I'm gonna recommend one to you specifically for the two of you to open okay okay is this what a broad market index in your own little parts of thousands of companies in that one thing and you can put your one seventeen and you're one fifty each into it and then if you have more allowance money you can add to it okay so just have a parent take you and I'm so impressed with both of you that you want to save money already at eight years old and I think you'll love doing the investing thing you got reports about what's going on with the investment that I would like for you to try the Schwab broad market index fund and it's actually called gosh we give you a little bit information off the air okay is it gets a little involved which actually tell us when you have a parent take you to Schwab you're listening to the Clark Howard show so eleven forty nine in the gray carrier W. S. B. twenty four hour traffic.

hundred dollars twenty four hour five dollars eight years
"charles schwab" Discussed on WTVN

WTVN

01:38 min | 3 years ago

"charles schwab" Discussed on WTVN

"Charles Schwab has agreed to buy rival TD Ameritrade it's a stock swap transaction the states with about twenty six billion dollars stuff so keep an eye on that frozen two written a hundred twenty seven million in its opening weekend course it's been six years since the first one came out right so what clearly easily number one last week's number one four versus Ferrari he came in second at sixteen million a beautiful day in the neighborhood starring Tom Hanks that one third place thirteen and a half million a deal is been reach for Paris based L. V. M. H. they're going to buy iconic jeweller Tiffany and company the number sixteen point three billion dollars they have about fifty billion in annual revenue from brands including burglary louisvuitton dom Perignon Tiffany founded in New York in eighteen thirty seven struggle with grow for the last several years having falling annual sales and profits since twenty fifteen they did turn it around a little bit last year so LVMH says we're in we're buying it and we're good to go and we got sports coming up here in just about ten minutes but according to ESPN's Adam Schefter zero interest from the NFL after calling cabinets public work out last weekend you remember you know the NFL announced that all the teams were say okay we'll go they had the venue than calling changed it like at the last minute like thirty minutes I was like no we're going over here so they're supposed to be like twenty five teams only eight showed up well none of them none of them are interested zero absolutely zero so says Adam the work out last week did absolutely nothing to enhance the chances that Colin Kaepernick is going to wind up with another team so we keep an eye on that as.

Charles Schwab TD Ameritrade Tom Hanks Paris L. V. M. H. Tiffany New York ESPN NFL Colin Kaepernick burglary dom Perignon Tiffany Adam Schefter twenty six billion dollars three billion dollars thirty minutes ten minutes six years
"charles schwab" Discussed on WNYC 93.9 FM

WNYC 93.9 FM

07:15 min | 3 years ago

"charles schwab" Discussed on WNYC 93.9 FM

"Schwab Schwab believes in asking questions and being engaged Charles Schwab own your tomorrow learn more at Schwab dot com it's morning edition on WNYC on Richard hake the Irish sport of hurling is been played for roughly three thousand years and its modern championship games draw eighty three thousand spectators W. N. Y. C.'s Jim o'grady reports that on Saturday four of the best teams from Ireland will meet right here in New York and can be at Citi field if you've never seen hurling it's like every sport combined the main object is to put the ball into a net like hockey or soccer you can also sell it through a pair of operates like American football and there's lots of swatting the ball off the grass with a stick like golf but with athleticism also burly Celts crash into each other with some she was violence while wearing tight shorts like rugby or your date manual handling his captain in center back for Wexford one of four teams playing Saturday in the city field many tournaments over scratchy international phone line no worries he describes the joy of playing the warrior game as the Irish call it of gripping an axe shaped club colder Hurley and running after a hard white ball called the slitter all right Sir is that it's hard to describe the thrill that you can get from you know catching a ball is being hit a hundred yards in the air apple three or four players in here the kind of buying hearing freedom of expression that you don't get anywhere else highland place defense for Wexford it's my job to lock the middle of the field to stop runners from getting through on goal Norman Granz is a runner on teen Tipperary he you know handling room together in college Hanley confirmed that the two friends would now fly across the Atlantic and set out to destroy each other on the pitch at Citi field so it's going to be you against knoll it'll probably turn out that way would imagine at some point in an interview on a different fuzzy phone line McGrath was given every opportunity to trash talk Hamlin American style and would not do it is it your Irish politeness that's preventing you or you just know that lacked in the shins are gonna get whacked across the network SO I keep my mouth shut besides the lacking Irish grueling grace be an astonishing skill and it's coming to calling Jim o'grady W. NYC this is morning edition from NPR news I'm David green and I'm Steve Inskeep and I'm right so Martin Colin Kaepernick has not played in the NFL since January first two thousand seventeen might that be about to change the NFL is holding an audition of sorts for the former forty Niners quarterback this Saturday we've got sports writer Kevin Blackstone in our studios to talk about whether or not this does mean we're gonna see Capper neck back on the field Kevin thanks for coming in thank you so remind us why Colin Kaepernick is not currently playing in the NFL he's not currently playing in the NFL because in twenty sixteen he began his protest against police legality against on our black men in America and he did so by either sitting or kneeling during the national anthem it caused quite a bit of of consternation yeah with the NFL with its fans the president got involved in it and when he opted out of his contract in March of twenty seventeen to become a free agent nobody touched him and he then filed a lawsuit to try and get back into the league by saying that the leaky colluded against him the league settled out of court with him and he is as free to join the league now as he was van and the league league franchise ours free to hire him now as they were then sold now all of a sudden the NFL is giving him what appears to be a shot is this a real you're not in is this just for optics you know what this seems to me like nineteen forty five all over again and what I mean by that was that in nineteen forty five the Boston Red Sox invited three Negro league baseball players to try out for its team one of whom happen to be a guy by the name of Jackie Robinson they showed up at Fenway Park and the manager was there and very few other people it lasted about ninety minutes and none of those players got a shot after that first work out and in fact Jackie Robinson said that he felt that it was a sham when the whole thing was called that seems to me unless something else happens to be the case here with the NFL if a team in the NFL wants Colin Kaepernick was interested in him all they have to do is call is represented and bring it in for work out they might need to go through this entire theater which by the way is happening on a Saturday when most teams are traveling to a Sunday game rather than on a Tuesday which is the open day which is when they often will bring in free agents to work them out for a position that they may have an opening for never the less Colin Kaepernick is taking the opportunity right he he is he coming this for his own theatrics purposes well I think you he's doing it because at the end of the day he's a professional football player and he would like to ply his trade before he's too old not two he he started his protest when he was twenty nine is thirty two now you know you could argue that the prime time of his career was was lost during this hiatus and you know he wants to play football and I think that there's a place for him in the league I don't know that any of the teams that have suggested they may show up or the teams that would have an opening for a quarterback but certainly he should be given every opportunity which you should never have lost to play professional football sports writer Kevin Blackstone Kevin thank you Bridget thank you and this afternoon all things considered one of life's great mysteries solved why do we referred to an election for governor as gubernatorial gubernatorial gubernatorial election for this deep dive investigation and many other stories tell your smarts figure to play and PR or ask for your member station by name or just say gubernatorial let's see what happens combinatorial hi smart speaker it's WNYC stay tuned marketplace morning report is next then later on morning edition rather than crushed protests the Lebanese military is actually become popular with the anti government protesters never doubt again even if they make mistakes we will never be again than they are now the White House may cut military aid will have that report coming up a sunny.

Schwab Schwab Richard hake Charles Schwab Schwab dot three thousand years ninety minutes hundred yards
"charles schwab" Discussed on News 96.5 WDBO

News 96.5 WDBO

03:48 min | 3 years ago

"charles schwab" Discussed on News 96.5 WDBO

"And I'm not completely sure I hi my name is faith that that that more money and I get five dollars each week change callin okay well good for both of you so the money you want to invest how long are you willing to leave it aside first you callin how long are you willing to put this money that you have the one seventeen and let it just grow for how many months or years Sir what are you thinking I'm not actually sure last actually why I called you we thought that it all right well the idea is that when you save money you're putting money into like a savings account where you put the money into it and then they put you interest on the money with the thinking being that it's money that you're going to spend sometime in the next few years on the other hand if it's money that you've felt good about saving you might want to add to it over the years and you're willing to invest it where you won't little pieces of companies like name a store a place you like to go well okay stock all right so you could own Disney stock you could you could do anything like that any what place do you like to eat I'm restaurant called knock ourselves and watching what that may not be when you can buy a stocky on though so in that was was that calendar Aiden just gave me that answer Karen Gillan Satan what's your favorite restaurant it's like a big one I like chick fillet okay what chick fillet is a big company but they don't sell stock either so there's something you can do where you could be an owner of a lot of different companies where you could buy what's known as a find when a find they'll own little part so companies as many as like three thousand different companies all in one or if you both like Disney you could buy Disney stock what you can do is go in with a parent the place I would go is to Charles Schwab have you ever heard of them neither of you heard a Charles Schwab what you just need a hundred dollars as somebody who's not an adult you just need a hundred dollars to open an account and then you can start buying these these fines and I'm gonna recommend one to you specifically for the two of you to open okay okay is this what broad market index in your own little parts of thousands of companies in that one thing and you can put your one seventeen and you're one fifty each end to it and then if you have more allowance money you can add to it okay so just have a parent take you and I'm so impressed with both of you that you want to save money already at eight years old and I think you'll love doing the investing thing you got reports about what's going on with the investment that I would like for you to try the Schwab broad market index fund and it's actually called gosh we give you a little bit information off the air okay is it gets a little involved which actually Tellem when you have a parent take you to Schwab you're listening to the Clark Howard show.

"charles schwab" Discussed on NewsRadio KFBK

NewsRadio KFBK

06:25 min | 3 years ago

"charles schwab" Discussed on NewsRadio KFBK

"You've seen all the ads this past week but others is very interesting is right out in the Wall Street journal today. she adds that the Charles Schwab. yeah I'm not I I don't I don't own any stock in Charles Schwab I'd I'd I'd actually met and interviewed the Charles Schwab a fascinating guy great story self made man. he added uncle gave him ten thousand dollars to help him start his first Schwab investment store and never look back after that in any case. yeah because he didn't have a lot of money when he first started this whole thing so Schwab comes out this past week Charles Schwab and the brokerage industry was all well all my gosh what's going to happen here they came out and they said. that they were eliminating commissions. yep that your stock trades will be free. and so. Jason's why go over the wallstreet journal wrote about this today and said well freedom isn't free and free trades are either. and the whole deal behind this and watch for a back already. TV Ameritrade. N. E. trade have both match Charles Schwab's move. the interactive brokers group did as well yeah yep yep yep yep DOT commissions go to zero as of October seventh. that's Monday. so he Jason is basically saying yeah well if you think it's free it's not. and the what the reason why you will well no longer pay if a few but I mean the the commissions of got from the years that I was in the investment business all my gosh the commercials were so much higher than they are today. so much higher. then I'm you're down to. that ad where they where they got a Charles Schwab and this guy's a. all service brokers firm he's. ad showing up on on a building across from him and everywhere he turns were shot Schwab was it I think two ninety five a trade. I got an ad the other day I saw an ad for Wells Fargo. say yeah investor do you're investing with our our investment firm our trades are only five ninety five and I'm thinking does it hello Wells Fargo does anybody a Wells Fargo know that the world to two ninety five and you're at five ninety five why would anybody want to invest at five died they have a commission of five ninety five well now Schwab says. zero. no more to ninety five. so the way that Schwab and all brokerage firms make money. is something called cash sweep. so if you have an investment account. and you get you make a contribution put money into your account. yeah it automatically sweeps idle cash into a money market mutual fund. money market mutual funds were they always go. if you get a dividend on something that you won't the same thing automatic sweeps idle cash. so instead of going in to. a money market fund that pays. two percent toward a half percent one point eight percent whatever the average is now one point eight percent is not a lot but instead they're putting your money into a fund that pays. zero point one two percent. or in other words. you get nothing from the sweep of your money into these funds and and that yes you can call your broker or go online and have it swept into the fund that pays more but how many people do that. they're counting on the fact that ninety five percent of your never going to do that and the money just sits there and they're paying out zero point one two percent. which and then taking that money and reinvest in and things of pay them a lot more so they they're making plenty of money on it I don't know how you feel about that. if it's zero commissioner gone I don't care zero point zero percent commission I'll do that all day long and what I see I don't cash my account whenever it comes in I'll go online and sweep it into an account that pays more we put into something that pays more. but Schwab spokesman said fewer than one percent of clients actually do that. so I'm I was I was wrong ninety five ninety nine ninety nine percent of you do not pay attention to your idle cash sitting in your account. I mean. you got short term treasuries are paying nearly two percent. there's a lot of a lot of funds that paid somewhere in that vicinity so anyway it's just I want you to be aware of because this is going to spread I've I presume all the all the major investment houses will go to zero percent commissions as far as the you know the fidelity's the the TD Ameritrade. the swabs. now I don't think Maryland is going there. maybe but I doubt it do they they got full service brokers for these are not full service firms easier in all candor do your own thing sort of thing SO Charles Schwab created the big giant degraded they got forty one billion dollars in assets all of that four billion is in cash. so that's a lot of money that the firm is making they make roughly sixty million dollars a year by sweeping that in two of these low interest rate. idle cash accounts out there so pay attention. what's a good firm. but they you might want to make sure that you sweep your money into something more.

Charles Schwab Schwab wallstreet journal Jason Charles Schwab. Wells Fargo. interactive brokers Maryland commissioner DOT one two percent eight percent zero percent two percent ninety five ninety nine ninety forty one billion dollars sixty million dollars ten thousand dollars ninety five percent