35 Burst results for "Jp Morgan"

OnlyFans Reverses Course on Porn Ban

Techmeme Ride Home

01:47 min | 3 months ago

OnlyFans Reverses Course on Porn Ban

"An abrupt reversal. only fans has suspended. Its october first policy. Change which would have banned porn on the platform after securing when it calls assurances and aims to provide a home for all creators. it's words so j. k. i guess or as the dr patel twitter account snark only fans decided not to ban porn after realizing the company would be bankrupt without it and quote or as austin reef tweeted. This could have been the marketing stunt of the year. Quoting business insider. Thank you to everyone for making your voices heard only fan said in a statement wednesday we have secured assurances necessary to support our diverse creator community and have suspended the planned october. First policy change only fans stands for inclusion and we will continue to provide a home for all craters it added. The company had planned to ban the content starting october first and only fans representatives said. The change was planned to quote comply with the request of our banking partners and payment providers. End quote sex workers had told business insider that they were quote angry and confused by the change. They're giving us less than two months. Notice to find a new platform to move all our fans to in an attempt to just survive and keep paying rent. A sex worker named nat cole told insider ceo. Tim stokely had told the financial times that the banks be. Ny mellon jp. Morgan chase and metro bank created what he called. Unfair obstacles to pay craters because of only fans association with sex work. So coakley said in an interview. Tuesday that j. p. morgan chase was quote particularly aggressive inclosing accounts of sex workers or quote any business that supports sex workers and

Dr Patel Austin Reef Morgan Chase Twitter Nat Cole Tim Stokely Ny Mellon Jp Metro Bank Financial Times Coakley
Elizabeth Warren,  JPMorgan CEO Spar Over Overdraft Fees at Senate Hearing

Bloomberg Daybreak Asia

00:56 sec | 6 months ago

Elizabeth Warren, JPMorgan CEO Spar Over Overdraft Fees at Senate Hearing

"Senate Banking Committee heard from CEOs of the sixth largest American banks. They were pressed about boosting lending, raising wages and diversifying stuff. Massachusetts Senator Elizabeth Warren noted the JP Morgan Chase made almost $1.5 billion from overdraft last year. She pressed JP moving Jamie Diamond and called him quote the start of the overdraft show. So here's the thing. You and your colleagues come in today to talk about how you stepped up and took care of customers during the pandemic, and it's a bunch of baloney. In fact, it's about $4 billion worth of baloney, but you could fix that right now. FBI See, reports said banks thrive through the pandemic. The industry generated a record $76.8 billion in profits during the first quarter. Democrats wonder why more of that money isn't going to middle class and low income families. They look for more answers. Tomorrow is all street, Sears testified before the House Financial Services Committee. It

Senate Banking Committee Senator Elizabeth Warren Jp Morgan Chase Jamie Diamond Massachusetts FBI Sears House Financial Services Commi
Elizabeth Warren Spars With JPMorgan Chase Head Jamie Dimon on Overdraft Fees

CNBC's Fast Money

01:17 min | 6 months ago

Elizabeth Warren Spars With JPMorgan Chase Head Jamie Dimon on Overdraft Fees

"The nation's top bankers taking some serious heat today on capitol hill see. Jp morgan citi goldman wells. Fargo morgan stanley and bank of america. Kicking off two days of testimony before congress. And if you wanna taste of how things went down. Check out this exchange between senator elizabeth warren and j. p. morgan ceo. Jamie dimon mr diamond. How much did j. p. morgan collect an overdraft fees from their consumers in twenty twenty. Your i think your numbers are totally inaccurate but blessed temporary public. I also want to point out. We did not overdraft. Can you just answer my question. John anymore than over and how much in fact to jfk mortgage collect an overdraft fees from their customers in two thousand twenty the number. I don't remember in front of me. I actually have. Non exceed three billion dollars. We waived the fees for customers upon request if they were under stress because cove it. But you can fix that right now. Mr diamond will you commit right now to refund a half billion dollars you took from consumers during the pandemic. Not pretty

Jp Morgan Citi Goldman Wells Fargo Morgan Stanley Senator Elizabeth Warren Morgan Jamie Dimon Bank Of America Congress John Mr Diamond
Man United, Juventus, Real Madrid Confirm Super League

Men In Blazers

00:55 sec | 8 months ago

Man United, Juventus, Real Madrid Confirm Super League

"News broke yesterday. That twelve of the biggest teams in europe have signed up for a breakaway super league. Funded by jp morgan. In which six teams from england and three italy and spain will their own competition. A bit like juke. North carolina and kansas announcing a breakaway from much madness in which they guarantee participation every single year and the nomex decision point for european football which will transform the landscape force in large part by american. Ona's along with all the gawks shakes. It's going to create a civil war within the premier league structure. It's almost say it's like a scene from the old scifi show vague where we welcomed the aliens two football teams and they ended up eating all the english people.

Jp Morgan Europe Spain Italy North Carolina England Kansas ONA Football
James Sabry on Partnering Amid Scientific Abundance

The Long Run

02:13 min | 8 months ago

James Sabry on Partnering Amid Scientific Abundance

"James sabri. Welcome to the long run. It's great to be with you. So you know james thinking about this interview. I it takes me back to all the meetings that you had at morgan conference over the years You know where you've usually been staked out one of these boutique hotels. I don't remember the name of it actually but It was a cool place. And on the way inner out. I would always bump into somebody in the hall or the elevator and have you know. Spontaneous interactions with some cool. Scientists are entrepreneur. And that is really one of the things that i look forward to a next january or whenever Reconvene in person do you. What do you think when you think about Going back to normal or some semblance of it is. Is that something you look forward to. Or or what are some things that you might do differently. Well you know it's it's interesting. You mentioned jp morgan because at that meeting has got so much Commentary i'd say from the industry in general but maybe a couple of sex firstly as you point out luke. It's a small industry. Biotech still is a small industry. Where you can know. A large percentage of the entrepreneurs of the investors of the people in the pharmaceutical industry and the ecosystem between these three broad groups have been a of investors that provide essential capital biotechnology entrepreneurs who provide these highly focused very nimble Innovative companies that by the way now are producing most of the healthcare innovation on the pharmaceutical side. And then the pharmaceutical people who are the the big endgame for almost all of this right either through acquisition or collaboration and eventually and factoring in marketing and selling all that has to work. And it's such a small industry that we all get together as we as we do at shaping morgan or to some extent or other meetings These chance interactions become important.

James Sabri Morgan James Jp Morgan Luke
Bank Earnings Blow Past Expectations

Marketplace Minute

00:20 sec | 8 months ago

Bank Earnings Blow Past Expectations

"Goldman sachs reported net revenues for the first quarter of this year that we're about five billion dollars higher than expected. Jp morgan chases revenues beat expectations by about three billion dollars. Goldman's investment banking and trading businesses surged. J. morgan was able to release billions of dollars. It had set aside for loan

Goldman Jp Morgan J. Morgan
Federal Reserve Bank of Philadelphia president on effect of pandemic on employees

Bloomberg Best

00:57 sec | 8 months ago

Federal Reserve Bank of Philadelphia president on effect of pandemic on employees

"Indicates many workers are ready to give up their paycheck and say I'm out of here I quit. A Microsoft survey of global workers finds the majority feel they're struggling or just surviving and pandemic work conditions and a large percentage you're considering leaving their employer this year. Same survey shows. Most business leaders feel the employees of thriving Federal Reserve Bank of Philadelphia President Patrick Harker says the problem is obvious. Workers want a feel like they're valued and that they're rewarded for their work. 46% of respondents say they're planning to move to a new location this year, a reflection of the greater flexibility to work from home. 41% say they're mulling leaving their jobs. JP Morgan boss Jamie Diamond says a lot of the problem is remote work, so it's hard to think okay, culture and character and all those things When you have the zoom world, 18 to 25 year olds are faring the worst. Researchers theorize their feelings of isolation or higher because they're more likely to be early in their careers in single, Quite Jared

Patrick Harker Federal Reserve Bank Of Philad Jamie Diamond Microsoft Jp Morgan Jared
Bank Stock Rally Shows Few Signs of Faltering

Bloomberg Daybreak

00:46 sec | 9 months ago

Bank Stock Rally Shows Few Signs of Faltering

"Other moving higher, Nathan and considering bond yields arising as well. That's not exactly a surprise. You know, it's all about the Federal Reserve's decision to uphold their near zero interest rate policy and to keep buying bonds at their latest meeting, which concluded yesterday. You know you got Bank of America Shares up about 2% in early trading city Group up 1.5% JP Morgan Chase up 2% and Wells Fargo higher by more than 1% alphabet. Though Dan one half percent, its main unit, Google will have to face a lawsuit that accuses the company of illegally collecting data from users of its chrome browser after they opted out. US judge denied Google's initial request to throw out the case. We just got that news just this

Jp Morgan Chase Nathan Federal Reserve Bank Of America Wells Fargo DAN Google United States
Tech Stocks Sink in Early Trading as Bond Yields Climb Again

Bloomberg Markets

02:16 min | 9 months ago

Tech Stocks Sink in Early Trading as Bond Yields Climb Again

"Let's get over to Dave Wilson. Right now. He is in the studio with a look at stocks. Dave We're not seeing a lot of movement on the index is, but what do you see under the hood? Well, I mean, you've kind of got big tack on one side and big banks on the other. That's how things are kind of lining up in early trading. So you look at what's lower in the S and P 500. You see technology Chris Apple Microsoft fitting in their communications services, Google's owner, alphabet as well as Facebook, and then that consumer discretionary category where you find Amazon dot com and Tesla's so you know, that's one side of the coin. The other side's what's going on with the banks. You know, we're seeing Bond yields move up and bank stocks kind of going along for the ride, and we should point out yesterday. KBW Bank Index, which tracks 24, the largest U. S. Lenders, broke a record that had stood since February. 2007. So it's like the banks are finally getting out from under the shadow of the financial crisis. If you look at their share prices, and by the way that KBW index is up 2% today, and we're seeing gains of on that magnitude from JP Morgan Bank of America, Citigroup, Wells Fargo and Maura's, So you know, it looks like You know, we kind of got, you know, the kind of classic on the one hand on the other going on in early trading. And what you get out of that, in terms of the broader market is not a whole lot of direction mean some weakness, But you know, the S and P 500 actually coming off its early lows at the moment. Have to have a guess. What we've seen today is another example of that trade We've seen recently. You know what bond prices trade off interest rates push higher, and that brings the NASDAQ down with it. We're seeing that again today. Oh, yeah. I mean, that's you know, sort of how things are lining up at the moment on them beyond that, though, I mean, you look at utilities in real estate, you talk about the areas most sensitive to higher rates. They're actually up a bit. In early trading. You look at their S and P index is higher by three tents for percent. So you know that's kind of uninterested contrast and you know, they kind of puts them in the metal, arguably between big tank and big banks and big tech

Chris Apple Dave Wilson Kbw Bank Index KBW Jp Morgan Bank Of America Tesla Dave Amazon Microsoft Maura Citigroup Facebook Wells Fargo Google
Zuckerberg part of $100M ‘California Black Freedom Fund’

Pat Thurston

00:34 sec | 10 months ago

Zuckerberg part of $100M ‘California Black Freedom Fund’

"Organizations and corporations have launched the California Black Freedom Fund. It is a five year $100 Million initiative that the group says will provide resource is too black lead organizations in the state aiming to eradicate systemic racism. 25 thunders include philanthropic groups of Facebook CEO Mark Zuckerberg and his wife, Priscilla Chan. Philanthropist Lorien Powell Jobs as well as JP Morgan Chase. The group says the fund aims to address what they call the history of under investment in black lead organizations. Report

California Black Freedom Fund Mark Zuckerberg Lorien Powell Jp Morgan Chase Facebook
Hi Lo Silver

The Indicator from Planet Money

04:41 min | 10 months ago

Hi Lo Silver

"Taiwan is a director and global markets. At the bank of montreal. He wanted us to stress. his comments. reflect his personal opinions and are not the official position of the bank of montreal. So i asked him to give me his thoughts about the very essence of silver. Sometimes we call in our circles the devils metal because when it moves it can sit for a long time and not wrote but when it moves it can move rapidly and with a certain amount of viciousness fed devils metal sunday commodities trading seems way more exciting than it usually does like the devils metal sounds very treacherous so there are several theories that have been bouncing around the market now a bites spike in silver. And why it happened and who is behind it and let's not forget silvers. Thirteen percent swing oviously pales in comparison to the nearly five hundred percent jump in price that game stop stocks or last week. But that doesn't mean that there weren't any casualties in the silver market. Yes there were winners and losers ryan. I asked tie with a maybe that was the whole point. That like with game stop stock. Some traders might have tried to talk up the price of silver with the aim of hurting some big wall street players who are in the silver market. So that's the first theory and it was one that tired hurt as well. The stories made. It's made its way on reddit. Which one was that j. P. morgan was desperately short Silver and would have to cover. This was a way to get a j. p. morgan which is The biggest bank in the united states that conspiracy theory has been around for a long time. It is also a canard jiffy morgan's one of the biggest bullion banks in the world. They lend lot of metal out but they typically do not lend it out uncollateralized they lend metal but you have to give them dollar so while they may be short metal in a location for a short period of time. It's never anything that could come anywhere near to bringing a major bank to its knees much less. Jp morgan so this was already going after j. P. morgan no j. p. morgan not in in the crosshairs got it so theory to then so those. This bows going around. Maybe some of the short seller's who got squeezed on game stop last week have been trying to distract what ty likes to call the red legions to shift their attention and their money and their trading activity to silver. That seems a little farfetched. I think if you were short. Jimmy and amc Entirely consumed with trying to make sure your position workout. You had enough funding the hold as long as you could. I'm not sure if those would be the folks who would open up another another front in the in the war. So to speak against the raiders. You can't dismiss it completely out of hand but that seems fairly unlikely so this wasn't like the short seller's strike back no okay well we'll maybe not or maybe it was just a bad strike maybe just about strike strike so theory three then that some traders who long silver which means that they own it an expected to rise in price. Maybe they kind of infiltrated the the red at message boards in order to jack up the price of silver so that they could then make some money. Yeah they they were like double agents kind of double agents in the market. Exactly that you know. That is an appealing narrative. If you're if you're long and you are and you're trying to push the market with with news like this even though you could certainly great reddit account and use a vpn and try to keep your anonymity. This would clearly be considered. I think mark manipulation. Now i'm not an attorney but this type of thing that might lend a a clever entrepreneur. A long stay in federal penitentiary in. That's pretty that's a pretty steep price to pay if you're a silver traitor and you join read it and say like hey everybody jump into silver. You literally go to jail. You could literally go to jail so that seems like the stakes are a little bit too high for me. That is a high price to pay for the devils medal and indeed. So it's maybe not that either but the fact is that something did happen to silver this week tie. It was like a combination of rumors and the willingness of silver traders to grasp this opportunity that was presented to them by this price surge the mindset of market makers and many traders are. Oh you want to push it. You push as much as you like and once you're done we'll see where we end up in It will go on it. We'll go on trading and doing what

P. Morgan Bank Of Montreal Devils Morgan Reddit Taiwan Jp Morgan Ryan TY AMC United States Raiders Jimmy
"jp morgan" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:04 min | 11 months ago

"jp morgan" Discussed on Bloomberg Radio New York

"Believe now I think that's a little early. Is that right? Riley that we just got Wells Fargo? Yes, we did quite for a little bit early sold. We're gonna rip up the script here give you those headlines, and then we are advantage to having Steven bigger with us. With Argus, and he's got some strong opinions on Wells Fargo. Lisa The first thing I notice is those numbers are different than J. P. Morgan. Yeah, On one hand, earnings per share beat 64 cents versus Thesixties sent expectation year over year for the fourth quarter, but revenue and this is what I'm really keying in on fourth quarter revenue coming in lighter than expected 17.9 billion versus the expected 18.9 billion, Not a huge miss, but still Different from JP Morgan, which across the board seemed to blow it out of the water really interesting to look at the credit losses. They actually talked about a recovery of credit losses. So basically the economy not being as bad, perhaps as they had previously expected of $779 million, with their provisions for additional credit losses falling so again, this feeling, Tom The economy is firming up here even as the pandemic continues to rage over the election up 22 up to 35 on Wells Fargo, Stephen Bigger isn't Argus Research, and he has an absolutely unique profile. Is the way you go to the Bloomberg and you can see what people follow and Stephen Bigger is long. The banks. There's just green on the screen is just a simple is that he says, by the sector by this flavor by that flavor, Stephen, let's sum that up. Why the enthusiasm just by the banks. Tom. I think there's a number of reasons here. I mean, one is you see the results that are coming out from JP Morgan from from PNC this morning, even to some extent, Wells Fargo, but You know, there's a bit in the sweet spot right now. They took their lumps early last year to mid last year, phenomenal increase in loss provision that is easing now, in fact, turning to release of those reserves. You still got a very fancy fantastic capital Markets environment looking at J. P. Morgan with investment banking up 37% market revenues up 20. S so I I I don't think that's going to continue nearly at the same pace. But you also have lapping of the men interest margin pressure from the Fed that reduced rates to zero in March. So the lapping of that will start to occur in the second half of this year old on Stephen, because actually not interesting Come is exactly what I wanted to go. It actually came in slightly disappointing for Wells Fargo. With that interest income coming in at $9.28 billion versus the estimated 9.4 billion, not a huge miss again, but it's telling at a time when interest rates were actually least 10 year yields Were gradually rising through the fourth quarter. At what point do you say people have gone a little bit too far with their optimism about net interest income for 2021, given expectations for higher yields and given the backdrop of an economy still riddled with potholes from this pandemic? Well, I think you have to look at begin the second half of this year when it's really that the lapping impact on the banks with the 10 interest 10 year yield that moved up pretty notably. More recently, bank simply did not get the full benefit that in queue for S O, you know that you have to have a little bit of patients for men interest margins here, particularly, you know, looking into the second half of this year. I think when again, you got that lapping impact. But there's also a loan growth component, and there is a requirement that That the economy partly rebound here and that alone growth, which was negative for many banks, including here in the fourth quarter, Uh, needs to turn around as well. The consumer has been amazingly healthy. The net charge offs have not materialized on Di Think That's you know part in parcel of this of the recovery. I's to keep that consumer in good shape, and then that that will lend to at least they flattening of than an interesting come. Going into 2021 Stephen. Right now we're seeing Wells Fargo shares fall 2.4% ahead of the open after reporting disappointing earnings per share data and some other metrics that raised questions about the recovery and its ability to continue to beat yesterday, Reuters reporting that Wells Fargo is thinking of selling, it's more than $600 billion asset management arm. Do you think that this is the beginning of a number of acid sells sales by Wells Fargo in order to bolster the bottom line? And get some more confidence by investors about the prospects. I think it's in Wells Fargo's best interest to pare down to kind of focus on their on their strengths. You know, free up some of that management capacity and capital frankly, to invest in in the core of the franchise on Wells Fargo from from a Mr Beat perspective has Eyes had a difficult time and 2020 at large because they don't have the massive offsets of the capital markets. Businesses that taking more again or Morgan Stanley, Goldman Sachs, even city. I'm back. America have so that so they've been a little bit, You know, they're much more reliant on the lending businesses. And that's kind of that reason for that beat Miss Stephen. I'm lost on Wells Fargo. Five years from now. Do you perceive them as the old Wells Fargo? Or if not, what do they look like? In five years? Well, they have to move beyond the acid cap. You know, clearly, that's that has to be gold one for our CEO, Shariff it At this point, you have to be able to grow the business. On. I think they simply have to get past that. But, yeah, they have made a fair number of of expectations. I think on what they would like to be me. Clearly they want they've got that national footprint and Branch banking clearly among the strongest and the lending for mortgages, home.

Wells Fargo Miss Stephen Stephen Bigger JP Morgan J. P. Morgan Tom Argus Fed Riley Steven Morgan Stanley CEO Thesixties Bloomberg Lisa Goldman Sachs Argus Research
Tech Giants Join Corporate Reckoning Over Political Spending

Morning Edition

01:54 min | 11 months ago

Tech Giants Join Corporate Reckoning Over Political Spending

"Is looking at money in politics in a new light. Ah growing list of companies is pausing some political spending after last week's violent attack on the U. S. Capitol. Among them are tech giants Facebook, Microsoft and Google and big banks, Goldman Sachs and JP Morgan. Full disclosure. Those five companies are among NPR's recent sponsors. NPR's Alina Cellucci reports. One after another. Corporations piled on one trade group called for the removal of President Trump and not just hanging group, the National Association of Manufacturers, a longtime supporter of Trump. Many of the tech and banking giants halted all their political giving, at least for a few months. Marriott, Comcast, Airbnb and others stopped donations to specific Republican lawmakers. Those who fought the certification of the election at this moment right that this crisis moment they sensitive, really important signal. MEREDITH McGee. He's the executive director of issue one and nonprofit that works to reduce the influence of money in politics. You just can't really over emphasize the role that donor Play in the current political calculation, and it's unusual to see so many companies on their own without a campaign to pressure them publicly address how they contribute to the current political state. But there are caveats. This is often the moment when many companies reevaluate their political spending right after an election. Plus, there are many ways companies make political donations. All the corporate statements now are about their official political action committees, but there are also super PACs. And tax exempt groups that don't have to disclose donors and a lot of corporate spending flows from individuals like executives. The biggest question is money in politics groups ask. Will this flurry of corporate reckoning be an epiphany or a fat Alina Cell yuk NPR news?

U. S. Capitol Big Banks Alina Cellucci President Trump NPR Meredith Mcgee National Association Of Manufa Jp Morgan Goldman Sachs Airbnb Donald Trump Comcast Marriott Microsoft Facebook Google
Bitcoin Will One Day Hit $1 Million

CNBC's Fast Money

02:46 min | 11 months ago

Bitcoin Will One Day Hit $1 Million

"Bitcoin blowing through new records today. The crypto currency gaining thirty three percent. This week alone in case you missed it. Wargin creeks anthony. Poblano join us last night here on fast. Listen to what he said about. Bitcoin is headed. If you really think about the technology world we talk about ten x improvement props. Bitcoin is at least ten x better than gold in every way. And so i think that if you just think of a bitcoin product that has to expedite and mortgage cap kind of follows that that would put bitcoin at a million dollars. Coin right just two golds market cap in case you thought you heard wrong. That's a million dollars. A coin became. We're specifically talking about j. p. morgan's known on on Bitcoin from earlier in the week and they were making the point that there have been outflows from gold inflows. Bitcoin as bitcoin has ramped and so the notion is that bitcoin would be a replacement. Are you on board that because that seems to be the main driver these days For the bullish thesis on bitcoin. Yeah i think listen. It's digital goal that narrative has taken off this year among the institutional community and just to put a couple of numbers around that so we have gold. Roughly it's market. It's total value is about ten trillion bitcoins out about seven hundred billion eight hundred billion right now. That jp morgan not talked about if all of the money came out of gold into bitcoin. That would be somewhere around two point seven trillion dollars. So that's probably almost. What a quadruple from the price. From where we all right now maybe a little bit more a quadruple puts you at j. p. morgan's price at one hundred and forty six thousand. So it's not necessarily a reasonable. My only concern is when you you know. And i think pop made a great point. My concern is when you have these these these big upside targets then. People say hey. I'm gonna just going load into it here and i just. I've been doing it for years. But i remind people. Bitcoin has months where it's down thirty forty percent so you could buy a forty thousand today and watch it go to twenty thousand and that would not be unusual and we should make the point to that. Anthony made clear that you could see wild swings on the way to a million dollars a point up twenty percent or down twenty percent or thirty percent for that matter. Cape fat kate. I imagine that your clients are inquiring. I mean this has got to be on everybody's mind so how. How do you approach that honestly. Melissa bitcoin is not my joint jealous of the people who are in. It made a lot of money. I don't get. It doesn't make a lot of sense to me and why bitcoin if you say cryptocurrency generally cage supply-and-demand. If bitcoin is doing that well it will attract other crypto currencies. So i'm gonna sit on the sidelines on this one.

Bitcoin Wargin Creeks Anthony Morgan Jp Morgan Cape Fat Kate Melissa Bitcoin Anthony
Haven will shut down, ending joint healthcare bid by Amazon, Berkshire, JP Morgan

Mornings on Maine Street

00:23 sec | 11 months ago

Haven will shut down, ending joint healthcare bid by Amazon, Berkshire, JP Morgan

"Started by Amazon. JP Morgan Chase in Berkshire Hathaway is dead. Executives Jeff Bezos, Jamie Diamond and Warren Buffett launched it three years ago, hoping to transform health care. And reduce costs for workers that their three companies, The Wall Street Journal, says havens goals were too ambitious. It also lost leadership because of the pandemic. You may be paying more for

Jp Morgan Chase Jamie Diamond Berkshire Hathaway Jeff Bezos Warren Buffett Amazon The Wall Street Journal
Haven, the Amazon-Berkshire-JPMorgan venture to disrupt health care, is disbanding after 3 years

Charlie Parker

00:23 sec | 11 months ago

Haven, the Amazon-Berkshire-JPMorgan venture to disrupt health care, is disbanding after 3 years

"Ventures started by Amazon. JP Morgan Chase in Berkshire Hathaway is dead. Executives Jeff Bezos, Jamie Diamond and Warren Buffett launched it three years ago, hoping to transform health care and reduce costs for workers that their three companies The Wall Street Journal says Havens goals were too ambitious. It also lost leadership because of the pandemic. You may be paying more

Jp Morgan Chase Jamie Diamond Berkshire Hathaway Jeff Bezos Warren Buffett Amazon The Wall Street Journal
Haven will shut down, ending joint healthcare bid by Amazon, Berkshire, JP Morgan

WSJ What's News

00:21 sec | 11 months ago

Haven will shut down, ending joint healthcare bid by Amazon, Berkshire, JP Morgan

"Amazon. Berkshire hathaway and j. p. morgan say they're ending their joint. Healthcare venture haven just a few years after its founding. He even was launched with the goal of reducing healthcare costs for employees of those companies. But it showed few signs of impact. A spokeswoman said the companies will continue to collaborate informally in the future haven will cease operations next month.

Berkshire Hathaway Amazon Morgan
Haven, the Amazon-Berkshire-JPMorgan venture to disrupt health care, is disbanding after 3 years

WBZ Afternoon News

00:24 sec | 11 months ago

Haven, the Amazon-Berkshire-JPMorgan venture to disrupt health care, is disbanding after 3 years

"New England business. The healthcare venture created by three corporate giants to attack storing care costs will will be be shuttering shuttering only only a a couple couple years years after after launching launching A A statement statement from from Haven Haven says says it it will will end end operations operations at at the the end end of of February. February. The The venture venture was was formed formed a a 2018 2018 by by Amazon, Amazon, JP JP Morgan Morgan Chase Chase in Berkshire Hathaway. The independent company was created to focus on improving care delivered to employees of those businesses while doing a better job managing The

Haven Haven The Venture Venture New England Jp Jp Morgan Morgan Chase Chas Amazon Berkshire Hathaway
Jack Leahy - Enterprise Ethereum Alliance

The Blockchain Sho?w?

08:40 min | 1 year ago

Jack Leahy - Enterprise Ethereum Alliance

"Jackie young the membership director for the enterprise. Enduring alliance really happy to be here today. Thanks for having me on again gently at the ea. The is really focused around enabling organizations to adopt and use during technology and their daily business operations really focused on empowering the ecosystem more generally within the overall you dear ecosystem manda Personally from background. Perspective and come from the world of the world of enterprise technology consulting and sales. I've done a number of large implementations and deployments with a number fortune five hundred organizations are spending across from a devops strategy to cloud operationalisation to supply gene inventory optimization via learning models and artificial intelligence and so i have a pretty widespread enterprise consulting background as i had mentioned most notably around the microsoft stack but have done work across long. Vm ware Across most of that relatively traditional it architectural stacks and twenty seventeen. I started to get more and more interested in crypto decentralized computing space and starting to get more interesting more interested overall for me he perspective and starting to pay really close attention chew how many enterprises and the people that i was interfacing with were really developing on ethereal and the overall platform and again The most recent that i had had was focused on consulting around service now and the mic stack and i saw how much microsoft was investing in jail their azure. You're deaf jet predicated on the theory ecosystem largely and i started just pay more close attention to began. How many organizations were really building with any theorem and had the opportunity late in two thousand nineteen to go head first into the game ecosystem and within the blockchain world and Got the opportunity over as a membership director at the ea starting in january and so twenty twenty has been quite an interesting year and been really needs deep by ever since really glad you were able to make it to the podcast. Today excited to hear about What you've experienced the sarum ecosystem and what things are going on at the ea. I don't. I don't know a ton about the serum enterprise alliance. Maybe a little background My perspective there wasn't much Thoughts about win crypto first came out you know of of making this Really tailored to enterprise Until a theory. I'm came out with a smart contracts and and things of that nature and then bencher price base really took to a theory in ways that i didn't imagine Initially it could you tell me a little bit more about the and what it is and who are the members and how how does one become a member. and they ultimate goal of the organization. Absolutely see that's about saddening and you're you're spat on as far as enterprises building any theorem. And i think that's largely predicated on many of the technological foundations the backbone of ethiopian and it being more of a developer focus application tom development focus blockchain competing system and as a result of that. That's why there's been such widespread adoption From enterprises and more emerging technology organizations like And from an ea perspective Really rigid with some founding members Back in two thousand seventeen Some of those included consensus. Gp morgun intel a number of others. Who are still very involved within the. Ea is well as a number of other organizations and what they're really focused on is having an ecosystem of best practices to build within the theory. Him from both aig Private permission boxing. Perspective to public may net perspective as well and The as was largely built dine. The enterprise theorem specification which we are now nearing version. Six of it and the specification is finalized. Which we're really proud of and that's really kind of morphed into the whole genesis of like corum that's been bill dead consensus and jp morgan. I'm now Formerly done under consensus. And that's where a liar lot. A lot of the work had been predicated on in the past and organizations. Join a again just to be with really like an expert network of people to kind of collaborate on the things that they're challenged with within their organization and how to take Some of the the internal capital and resources that we have our disposal and how to leverage that more effectively within one's own business and so we've seen a number of different creations within the ea from quorum with large built within the token taxonomy initiative free cell framework token taxonomy and building out smart contracts were actively from the business protocol which is hugely important right now and his gaining just a ton of momentum and excitement within the industry and now more again bringing in die each us which were incredibly excited about in. That was just announced on this past month on largely focused on creating registry around safe smart contracts so that users and customers that interface with can be more confident and reliable within the smart contracts that they're leveraging utilize utilizing a Let's go back to core. Would you say that is kind of the biggest win for the enterprise space and What what exactly is core. My i have a a little bit of understanding that it's was developed. I think initially by j. P. morgan chase and then Be behind consensus to do it and Now j. p. morgan chase Purchased that aspect of consensus. Are they working together. and corum is kind of a. It's a side chain to a theory where or is it. Is it a a completely separate based off of theorem blockchain. I wanna make sure. I do justice of this and i know that the consensus team and some others within the ea could even speak more intelligently and effectively to this but quorum is really built on like a is a private permission chain built on the enterprise etiam specification and so a number of organizations developed best practices around in enterprise etiam standard that could be trusted and relied upon within organizations and A number of these organizations where the kind of the genesis and the create creators of this and jp morgan was largely behind the creation. Corum early with In collaboration within members of the and notably consensus of course. And as of just over the last quarter i would say consensus acquired that in full and now is perjury even more closely with. Did you be more again arching team if you will Largely led by christine. Moy and the honesty in there and there's been a ton of exciting announcements relative to what their team is doing right now but Consensus has now brought in corum And what we're seeing within the industries who such a big movement Around utilizing obviously the public made net and many believe that that's the future will continue to collect you but what we're seeing is actual in live production. Instances we've seen the most modern work around enterprise right now and consensus has been a large driver behind that as well as a number of other organizations consensus driven that in a large way up to this point in time.

Jackie Young Enduring Alliance Serum Enterprise Alliance Manda Microsoft Jp Morgan P. Morgan Chase Morgan Chase Purchased AIG EA Intel Boxing Corum MOY Christine
"jp morgan" Discussed on KQED Radio

KQED Radio

02:02 min | 1 year ago

"jp morgan" Discussed on KQED Radio

"Emergency SBA program a spokesperson for JP Morgan chase the top SBA lender says her bank took a first come first served approach but she did acknowledge that borrowers had to be well prepared for the application process because it was so competitive and the money dried up quickly Pat Markey who advises Catholic diocese financial officers says many churches are at a disadvantage when competing with better connected borrowers most churches do not have the kind of banking relationships that revolve around debt when they went to banks they want their normal loan customers and so they weren't given the same attention that the regular customers were some Catholic churches were advantage by having their dialysis prepare the application on their behalf many historically black churches don't have that kind of institutional support Markey says his organization urged parishes that were thinking of going for an emergency loan to consider whether they really needed it for Christians results just take money because it's available and so we're telling people if you need it by all means a card if you don't leave it there because there's somebody else who needs it when the SBA application window open this week there was again a huge rush enough to crash the SBA website not a good sign for the neediest churches Tom gjelten NPR news this is NPR news more morning edition coming up in a few minutes on KQ weedy ahead on this Tuesday some states are planning to offer voting by a cellphone for upcoming elections other states strongly oppose the idea more on the story on KQED public radio some are calling the pandemic an extinction level event for local journos local journalism here at KQ weedy we've always.

JP Morgan Pat Markey NPR KQ weedy SBA Catholic diocese Tom gjelten KQED
"jp morgan" Discussed on WIBC 93.1FM

WIBC 93.1FM

07:48 min | 1 year ago

"jp morgan" Discussed on WIBC 93.1FM

"Of your home so JP Morgan announced today today being what is April thirteenth yes I think it is the day the recording that you don't have to have twenty percent down to buy a home now I know I have I'm gonna find it shocking that they stick with that that the you have to have twenty percent down they don't want a loss they it's usually been that way for conventional loans but man and then they would do that that yes for conventional that's right yeah but then you go FHA or you have the others you can do that that's a good we go we're getting sidetracked that's the initial purchase my point is we are in changing times so keep in mind what and she said there's loans that means using the equity value inside of your home typically your principal right your typical residents are your primary residence I should say fixed payment and you're gonna pay it back over a given number of period of time just like you would at first first mortgage on a home the second is a line of credit where you can what we call put in take you can put money in you can take money out right and and kind of go from there well it used to be scary to take a a line of credit knowing it was tied to the prime because you didn't know for sure we know what the interest rates are going to do since you left the mortgage interest young lady Wranglers the mortgage world which was ten fifteen years ago yes yeah now more often we use this thing called life or which is the London enter making offering great and it that most of the lines of credit are attached alive or not prime and it's because it's more steady though there was a big hullabaloo a few years ago where people went to prison for fixing the library yeah it's sad the world of scandal what a way to get it when you get it all right so go and ask the questions and maybe the between the two of us will be able to have an answer okay with interest rates down and housing market still up is it a good time to take a home equity loan as a fiduciary let's go the other way as a sales person if I was a securities broker to tell you to do that is absolutely immoral unethical and I should be hogtied strapped act as a fiduciary my job is to treat your money as if it were my money and we were in the same situation right so looking at April thirteenth with the S. and P. five hundred rowing twenty percent and the answer is I would not be taking money out of my house today to go buy into this market I will tell you if I could have access to the equity in my house you know three weeks ago what I deem to be low didn't I'd came close to putting in Trent didn't put it in print this time for the first time in the last three market lows I still think what you saw March ninth March tenth it's going to wind up being a good buying opportunity I would have pulled money out then out of my house though I would have never told somebody else to do that now and keep in mind I'm fifty three I've got more years to work and I got a big company that that I I get to get to have support may sell your tent you're talking about cash out we're gonna use it for something else I would do it with a longer it would've gone straight to investments I mean it would it I would have used money in one investment that I thought had retained value to buy assets that I thought would been dislocated I would go to take care take advantage of people at that point in time that were that that were in problematic or panic sales is the is the only reason I would ever do that so I I could never encourage you to do that in fact we had one of our one of one of my dearest friends and his wife called in and asked me to come do that and I I said I'm a two page email about why this was a bad idea and fortunately they change their mind did not pull the money out of their home equity line and this was the end of February I would've been a crushing blow to their financial future if they would have done now if you use your home equity line in another way not to go out and buy stocks things like that like I use one because you know I have project towns credit card interest rates are a lot higher than a line of credit would be that uses my home for collateral so if I know for sure that I'm gonna have a project home for three to four months and then I'm gonna sell it and I can pay the line down and paid off it works better for me than using credit card check and it's very similar to people who use what's called margin on their stocks they you know that that the difference is rarely maybe in two thousand and eight nine but rarely do you see stocks dip homes depreciated value as quickly as stocks can't right so in one of the things that we think is going on in the market place right now is what's called a short squeeze right so believe it or not I can't say there would be doubt it would be fine if I could drive by one of your houses and kill I think it is wrong I want to sell that house why don't own that house so I can't sell that house right but if I could sell that house and find somebody else to buy it for a lower price that I would be able to profit the difference between what you thought it was worth and what they thought it was working right margin and are selling stocks short is essentially the same concept you see my hundred dollar coffee Cup that I like to talk about and you think it's only worth fifty and so you sell it at a hundred knowing that you're gonna have to pay interest knowing that you're not going to collect evidence along the way that's the way margin works but do you believe you can buy my coffee Cup back at fifty dollars right and you just pocketed the fifty dollar differential right that's selling short right and that's you know so it's a it's a little bit different but we think there's a there's a large chance a lot of what's happened in this in this recent rally is short squeezes people who had sold stock short you always have to do that on March and by the way you sold stock short right and all the sudden stock prices start to go back up now you had to buy now now I said I'm I don't like you into cancer now you have to pay a hundred and ten dollars for the and you go you've got I've ever have at you no more Christmas presents for you right I had but you have to give me the hundred and ten dollars and you get squeezed into coming up with money that doesn't happen as often and home equity lines of credit as a dozen side of that the stock world but that's what happens with the with the margin squeeze well one of the risks like I said back when I did these kind of loans it was in the mortgage business was here what if the rates take a turn what's the quickest you've ever seen rates go up like quickly wow that's not fair on a Monday afternoon well I would need one of the questions about how quickly we we watched by far I mean we do the stock market deal is stocks usually go up on escalators and come down on elevators okay they fall much quicker than their rights okay typically and that's exactly what we saw happen here it's what we saw happen in December of eighteen the interest rate itself and went down on an elevator I mean what we watch cap with the ten year from going from one six one down to literally into the below point five was on I mean we've never seen these rates was unprecedented right I'm watching the fastest rise however is a different story and it and it takes a little bit of time they're more on an escalator but you have to pay attention to me got to know what's going on are those open ended lines of credit are those still deductible it only if they're used toward your home you have to prove that they're able to be used for that if not I may resonate your primary residence if not not a chance have an outstanding week folks eight hundred nine two eight four zero zero one when you're living with polycythemia Vera or P. V. you might look good even when you don't feel good.

JP Morgan
"jp morgan" Discussed on Biz Talk Radio

Biz Talk Radio

10:53 min | 1 year ago

"jp morgan" Discussed on Biz Talk Radio

"We recommend that you feel better let's go to investors so when you get a little tonight you will notice that JP Morgan is now gone nowhere for about Levin weeks which is no big deal stocks every now and then we'll go up and just stop and construct for quite awhile it's not a big deal but but look at the nasdaq and then overlay it verses JP Morgan you will see the nasdaq is much stronger than JP Morgan that the nasdaq's been the place the bay the S. and P. over the last eleven twelve weeks come up pretty nicely JP Morgan has JP Morgan to us is the bell weather in the big financials so that's what we're watching and we have what is known as this little relative strength line on the charts that we use we use this thing called market Smith that used to be the daily graphs the relative strength flying has now broken the lows three weeks ago country P. Morgan three weeks ago the spot was one twenty nine today it's one thirty five and change so even though the stock is up six dollars from three weeks ago it's two relative strength versus the rest of the market is waning and that's how we're able to tell me to more they don't wake up but we take the little weight of the evidence and we watch and we can tell you that city group kinda sorta looks BankAmerica looks the same Morgan Stanley that's stronger them both all three of its the stronger of the name that's good and then you have the weaker of the names wells Fargo's Krashen market no liking their numbers and then we go to the regional banks smaller they're acting just poorly so just areas to avoid right now what I told you so JP Morgan but just telling you may want to just sit back and wait let let's see if it reasserts itself rather be a little late then early and they've had a good move and of course there's some calls on a fact the ten years down to one point five five six as the ten year comes down margins get squeezed action is profits get squeezed stock comes down should be watched and of course we've been telling you about oils for ever it's like eighteen months we've been telling you to stay out of the oils and not because we think oils bad which they just got a bear market we recognize bear markets that's all now what's emerging as you know we've been telling you there's been a big teams here recently and that is the gold and gold stocks now gold has been stronger than the stock we read that the stocks stronger than the gold but gold broke out of another little range today that was trading in a range of about six seven weeks broke out about that today and when you have a chance I'm gonna give you two ETFs the GT acts notice it's just been sitting right along that nice little fifty day moving average and popped off of it today and the G. the extra a which is the junior gold miners which is stronger than that and that looks like a wants to break out of this whole seven month trading range and I would just take a look at both not I haven't done my scans yet on individual names but I make it easy for you ever by giving you the main ETFs and if your cycle path taken mania maniacal in go look at the doubles and triples for these gold stocks I'll let you decide on that so they may be emerging and I will tell you we've said on the show we bought the gold stocks not found early December and we told them about two weeks later I think would be ten cents because it was so good and we just recognize they weren't ready yet maybe they're ready now not a hundred percent sure but certainly if you this if he decided to jump and by the way we do not own him yeah there is a significant drop out pointed for owners only a few percent lower so just let you know that the golden gold stocks the gold is stronger than the stocks you rather have the other way but most definitely the stocks woke up today go look at the G. the X. in the G. the extra full is always what you do with them is up to you with your money let me repeat something I don't think we can never have a nineteen ninety nine again as I told you on the show I think let's see I bought PMC Sierra one up five fold in a matter of I don't know nine months ten months some like that oracle monster move qual com monster move few others so we had but I will tell you Tesla clean the nineteen ninety nine issue and then we sent to you we think they'll probably be a few others that act like that well have you heard of virgin galactic holdings that's Richard Branson they have no sales lose a lot of money stocks come from thirteen hit thirty eight today closed at thirty so hopefully you can buy it at thirty eight anyway just let you know we sing some frothy type action which not so sure that's the greatest of news just remember frost can often be late stage moves in markets and what would suggest something like this is for all the putting people in space they have no sales they lose money anyway just let you know there's another name that's kinda sort of doing it and testing again looks like it has not stopped and don't worry that it has a bigger market cap then GM Ford and fiat Chrysler all put together even though those three companies have what nine ten times the sales of Tesla don't worry valuations don't matter whatever's going on there is going on just be careful it's quite the trader at this point in time I will give it that one we haven't discussed that stock in a long time but it's the only twenty percent the aftermarket which really doesn't matter because it closed at three so step down to like two forty in the aftermarket but I just wanna make sure you recall that when this thing was in the mid twenties we told you this thing's six single digit name that's all that's all sales last four quarters down eight percent down eight percent down fourteen percent down sixteen percent earnings last two quarters down fifteen down seventy five percent just sometimes you have to think really I would like to say this a bunch of about a bunch of biotech's with no sales but very often a bunch of biotech's with no sales go up in price just because they say something about stage two trials but a coupon company there then we gave you told me about the camera company also he just kind of thank sometimes you just got a plain think logic the same goes for the retail Macy's near new yearly lows this certain ones it's in Seminole mall we're right near where I live the deal going out of business sale for the storm last week the place is empty now I try to buy some stuff but I got there late and everything's gone I didn't get to my clinique soap a twenty percent off I will say that they work very well by the way just be careful and in retail I can promise you will was at the pier one imports the file bankruptcy is that the one that took off I think that one maybe final today and there's a lot of that going on one imports I'd be stupid if I just said that it was in town does somebody announced the today yeah it was them chapter eleven they're in talks with buyers to try and figure things out retail is just a tough tough tough business and we're very careful about retail and the ones that in the task I have done a fantastic job next Bloomberg debate all that stuff thanks for being here on Gary this one only investors edge each one of us has a calling have you heard this before your workplace is your mission field where ever that maybe you either work for him or against him but.

JP Morgan Levin
"jp morgan" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:54 min | 2 years ago

"jp morgan" Discussed on Bloomberg Radio New York

"The chairman of JP Morgan chase international we spoke about the global economic backdrop as well as the interest rate outlook if we are talking now about a recovery getting out the free coming back to Roman suit I think that the zero interest rate has exhausted its benefits any time now to think again how did you come to the highway from these particular due to the tenure of fifteen thirty seconds the old one point six seven percent gold up five tenths of one percent fifteen seventy one the ounce and West Texas intermediate crude oil is down two and a half percent fifty four twenty two a barrel sources told Bloomberg Boeing is considering another cut to production of its marquee seven thirty seven dream liner zero spy estrace giant contends with sluggish demand Boeing may have more to say about that next week when it reports earnings Boeing shares they're all right now by two point one percent at three twenty five eighteen tough day for a lot of the airline stocks because of the spread of the deadly respiratory virus we have got shares of American Airlines down four point six percent delta is down three percent investors having reservations about all of the hotel stocks Marriott international down three percent and Hilton tumbling down by two and a half percent so again recapping here equities lower across the board on this Friday with the S. and P. five hundred index down now by thirty two points that was a drop of one percent the Dow down six tenths of one percent I'm Charlie Pellett at the Bloomberg business flash you're listening to Bloomberg businessweek with Carol master Angie's in Kelly on Bloomberg radio alright let's talk a little business week economics get a look at what's happening in the bond market in the broader markets beyond equities and also in world economies because it's been a topsy turvy week to say the least fences.

chairman JP Morgan Bloomberg Boeing American Airlines Charlie Pellett Carol master Angie Kelly West Texas Boeing Marriott international Bloomberg
"jp morgan" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:34 min | 2 years ago

"jp morgan" Discussed on Bloomberg Radio New York

"Shares of JP Morgan chase are moving higher before the opening bell the bank just posted the best year for any U. S. bank in history fueled by a rebound in trading profit surged twenty one percent to a record thirty six point four billion dollars for the year Tekken small appliances were the most popular items with holiday shoppers although in PD group says U. S. holiday sales overall were only up by two tenths percent clothing and toys sale saw the biggest declines compared with twenty eighteen as in PD says consumers are placing more importance on experiences just ahead of the expected signing tomorrow of the phase one US China trade deal the trump administration has lifted its designation of China as a currency cheat saying the nation has made enforceable commitments not to devalue its currency stock futures narrowly mixed SMP futures down to nasdaq futures down four Dow futures are up five in crude oil is at fifty eight dollars and fifty one cents a barrel genus ready Bloomberg radio markets in focus every business day Paul Sweeney and laser Romeo and services sectors that you want to have more or less exposure to what's behind the engine of games analysis of the day's wallstreet action the U. S. market looks relatively safe from intelligence Bloomberg opinion and influential newsmakers McCarthy joins us right now all three nearly so listen today com the Bloomberg business apple podcast you can't be the only one who spends time examining and this deal what would it look like you're right the others.

China Paul Sweeney McCarthy JP Morgan U. S. US Bloomberg apple
"jp morgan" Discussed on Newsradio 700 WLW

Newsradio 700 WLW

03:12 min | 2 years ago

"jp morgan" Discussed on Newsradio 700 WLW

"From some big banks JP Morgan chase get a group with Wells Fargo all report their results we also hear from delta airlines and the S. and P. five hundred and the nasdaq start the day at new record highs after yesterday's gains that was near its record a staple of malls everywhere says it's not afraid to walk away Abercrombie and Fitch is said it isn't skittish about leaving behind even the best shopping centers as it shrinks its footprint McDonald's is testing a fried chicken sandwich ingredient it thinks will give it the edge against chick fillet and Popeyes MSG or monosodium glutamate chick fillet in pa but is also sells sandwiches with MSG which the FDA considers generally safe some people complain of side effects including headache today we'll get the latest snapshot of consumer prices and investors are looking forward to tomorrow and the signing of that phase one US China trade deal in a survey our guarantee that feed it's going to just kind of give up by the end of the morning I thought she had the hiccups yeah so that that's going to go that will be there in two hours it always starts like joking I'm good mornings are doing fine Mike about you doing okay is gone through my pitches here you'll be able to get people on the show you know all yeah your watch the cash grab absolutely as camp yeah especially on the weekends on the game show network that's been Bailey who hosts that Ben Bailey yeah well pal is coming to town to try to get on some radio shows cool this is dear producers of attached info comedian Ben Bailey who will bring is Ben Bailey live stand up to or to the house of blues in Cincinnati on two eight where's that I took great quite don't believe we have a house of blues he needs a new bubble says I'm wondering somebody who knows where he's gonna be I think they have one in Columbus don't think I don't know the Chicago has one I don't know where else in the house of blues around here but it says Cincinnati house of blues and last I knew we don't have one and I'm sure if I go to directory assistance online they'll say there isn't one so he's going to be somewhere they are gone on the eighth of February although I doubt we'll let the world know I would like to admit it sure red light cameras whatever the red light challenge those things are in re runs you us ones now it's the like from two thousand nine you know I don't know when the last time they made any of those I don't think it's weird as a lot of time to watch that show in the commercials are in Spanish who really yeah it's happened so often I wonder if that's about a show that maybe people but trying to learn English might want to watch if you think about it's pretty repetitive if you're trying to learn a language yeah it might be you know I can't figure any other reason why so many commercial being spent and I don't I'm not gonna find the answer now because it's only twenty to six in the morning so I don't know yeah all right Dr let's talk traffic.

Wells Fargo delta airlines JP Morgan
"jp morgan" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:54 min | 2 years ago

"jp morgan" Discussed on Bloomberg Radio New York

"Towards the end of the year were reaching records but even JP Morgan said there was a still looking by the beers standards in expensive that's the bond equity earnings yield ratio is there anything cheap out there right now that you're looking at I was going to stop at a market outlook at the hang sang I think that probably they before I got to get through the break that and the the trade negotiations are well at least the files one of those things I think that the next the next one to be look that would probably be some kind of resolution of the issues that they're having in Hong Kong and I think they probably a little bit depressed artists all the T. not it in that area so that could be a good spy have a look at bold bold call a difficult to see any resolution in sight but I guess that's a discussion for another day I'm curious what might be a catalyst for a raising earnings projections that would then you know further justify some of these higher valuations could be cap XTC cap ex coming back anytime soon yeah it could be I think that you know we're going to we've seen a lot of companies you eat managing their balance sheets Philly robotically are the U. S. U. S. marriages have been doing a good job of that also you know if I do get a bit Catholics it's alright as long as that top ones coming through it that I'd have to get a smash that special out of the park on the bottom line in a bar streaking spending so that a Catholic in a market something that a little play through well but I think that this old this pain I I have a massive difference if we just think four months ago we were a lack of confidence because I didn't think the markets would peel down the white I didn't the last quarter of last year and the and by Christmas ape always thinking that all have actually gotten a completely wrong luckily I held my long positions and I've had a great year this year I just I think that we can expect the standard twenty percent top of returns it you know across the the moment you know dash embassy all unix are but two thousand and twenty I think that if we get high single digits and low low double digits then that'd be a great result reports folly are but have you get that he's probably having the baby really selected with his securities rather than doing it on an indexed by search Hey James how confident are you in China obviously the overhang of the trade war at least phase one as been lifted but again a lot of the faults in corporate that China and it seems as though the government allowing it Hey James Roche breaking up but yeah sorry yeah it is still hang on buzz sorry all it's okay your work and so we of it live radio yeah yeah see who we can feel a little bit while he tells that that person that Hey I'm live on the radio on a global platform so yes James he was just asking about the defaults in China whether that's a good or a bad sign well it's obviously very concerning better be interesting say because you have that that tries to print the numbers whenever they gonna want to and we put the investor profits which will be reported to die at the twelve thirty apps on so in about an hour in the good the bad hi BRP current account balance will be interested so yeah bye print and you know but I think you know John has got an ability to handle these the faults but obviously that I wanted to become something which is systemic and washes through that system because that's gonna actually but yeah potentially another black swan we don't say that yeah okay I guess we're out of time here unfortunately but James thanks very much again for joining us on a day when a lot of people are off and enjoy the holiday James artists their senior wealth manager Shaw and partners and as you mentioned will get industrial profits from China later and will also be looking for some some you know some of the other markets open up this morning and the kind of fill out the picture of how we like trade today largely gains in the Asia Pacific details coming up I'm Brian Curtis this is all gone this review Bloomberg the satellite lounge for Annie.

JP Morgan
"jp morgan" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:37 min | 2 years ago

"jp morgan" Discussed on Bloomberg Radio New York

"JP Morgan private equity group mark thank you very much for joining us thanks for having me Hey you know what this is like because you to have a podcast how hard is it to be the host of one of the things you tell the listeners from our perspective how hard it is hard hard enough I prefer to be on this side of the conversation and on my own and it depends I guess on how much prep you do so I've tried as best I can to have good questions written out before I interview somebody but as for us it's really just kind of four wall thing for our clients so I don't have the pressure that you have of sharing with many thousands of people that you're the founder Patricof coal also known as PCO up what exactly do you do when who were you doing it with thanks well I appreciate the chance T. up explaining it doesn't exist elsewhere as far as I know but if you think about the world of representation professional athletes and what agents do and how you perceive their role marketing people on welfare visors we fill a lane that's in between those so for professional athlete who has a net worth of you know substance substance some substantial amount they are not giving advice typically on their private deals there alternatives their agents advise them on their contractor marketing agent advise them on their marketing deals in their wealth advisors typically mining the cash carefully hopefully watching and putting them to look with things we focus on the alternatives real state and most importantly for US private equity growth equity places where these athletes can put their money to work in a smart way and see a good return recycle their cash and continue to grow their net worth now the stereo type as you know is that these athletes go broke and thirty for thirty did one of those I think the numbers that were in that Sports Illustrated article or total bunk they were basically nothing and I tried to tell them that driver bad stories you know it's great when Clinton Portis gets ripped off and pulled out a gun and go chases down his FAA but the reality is there a lot of smart athletes and by the way there lies mine doesn't make or is a lot less smart investment bankers standing with athletes I've had such a great time meeting with athletes after athlete has got a the thoughtful approach and understand their capital probably has more leverage others you know and therefore they should be strategic about what they do and not reactive and for us it's all about finding that clients to wanna be proactive versus reactive we spent a lot of time working with our athletes teaching them how valuable they are in their local markets and how they should get to know their owners their season ticket holders and what industries are unique to wherever they're playing or where they went to college and try to have a strategy around how to play their capital meanwhile any person within meaningful networks we putting ten to twenty percent of that capital into alternatives but just don't wisely and in the media business we said you know plenty about the media business we say we don't write stories about the planes that land safely it's remarkable but we don't write the stories we do hear about the crashes that's what we hear about athletes as well yeah it's a shame I think ESPN sports illustrated all all those publications and and media outlets that sort of dumped on athletes for not being smart really do them a disservice mark can you and he can you name any of your clients is that something you can do sure I mean you know we we actually of course don't send out lists around but if you think about for us we it more I will answer the question but more importantly we've been very selective with fifty five athletes now serve our deal shine platform as a functioning as clients and we do a whole series of things for them would you be workplace family do advise work for their in down deals we do a lot of as I said podcasts around him helping them understand different ways to give as where they are but the focus for us our athletes with great character I have made a meeting from out of money relevant to consumer brands because primarily now we focus on clay stage growth equity privately deals so our athletes range of Venus Williams to JJ watt of brain wave to Todd Gurley ceases about the Henrik Lundquist etcetera that's that's a good smattering of names and it goes very deep obviously for us it's not just about the biggest names it's also about the really thoughtful people want a great investors me brand seller could just retired from eagles are cliche phone just retired from the for the hawks the ox and it's not always about for us who has the most money it's really who who's going to make an impact with with their money and it names matter but that's not the only thing which are your guys are not retired the answers and I find that you know publicly NBA players seem to be the ones that get the most attention for their interest in tact etcetera but it certainly sounds like you're not the heavily MBA that you have kind of a nice balance we are we are we are weighted more towards the NBA and the NFL the fifty five athletes I think about thirty comes not just once but we've got baseball hockey tennis soccer and for us it's also really important to have a good spread because we're looking at different times of companies and while we're not guaranteeing these companies and their relationship with their investors the whole thesis behind our business was you're gonna lean much harder into a company which you've invested than a company that's been be paid you fifty thousand dollars for a couple of parents as there are many successful former athletes who have gone on and invested properly and then you find the the five stories whatever yeah like you said of Clinton borders and this that whatever their arms speaking as an African American it is kind of ticked me off because they're a lan and athletes out there who are doing it the right way or at least trying to set themselves up for their future and I'm so glad you guys brought that up I also think this notion of bartering equity for services this nonsense out there if you wanna make money like you really have to double down investor money and why not give exactly the same respect you would give to any other investors that their money has value and they are smart astute investors and can learn how to put their mind to work I got into this because I because the television show with rob Gronkowski for two years on Verizon go ninety that nobody saw.

JP Morgan
"jp morgan" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:58 min | 2 years ago

"jp morgan" Discussed on Bloomberg Radio New York

"You're listening to Bloomberg long I'm Jim role so. it's the latest turn in a years long investigation federal prosecutors say JP Morgan's precious metals trading desk was a criminal enterprise operating inside the bank for nearly a decade and they're taking an unusually bold step charging three traders under the Rico statute with raking futures trades in precious metals and making millions of dollars for the bank at the expense of counter parties that included the bank's own clients joining me is Peter Henning a professor at Wayne State University law school Peter Rico is a lawn known for its use against organized crime how unusual is it for federal prosecutors to use the Rico statute in a case against a big bank well this is the first time we've seen really since the mid nineteen eighties and Princeton Newport case when Rudy Giuliani was the United States Attorney what we haven't seen it used on Wall Street sense them so what makes this a different type of case is I think prosecutors are going all the end by bringing the Rico conspiracy charge him linking it up with bank fraud and wire fraud to try to build a little different case rather than just focusing in on spoofing. some say this is a bit of over reach on the prosecutor's part so tell us about the complexity of the scheme here and whether it meets racketeering status in your mind what it interesting that the accusation against the three defendants is essentially that they defrauded JP Morgan where they all worked in so what we're seeing here is I think the government is trying to reshape its case and make it a bit more appealing to a jury by including in the bank fraud and wire fraud charges rather than just spoofing because last year there was an acquittal in a spoofing case I wonder whether juries really understand what's spooking means that most orders that are entered in the futures market are in fact canceled and so I think they want to have a different approach here where it's a little bit more intuitive that you understand what a bank and wire fraud he is we're is spoofing could really confuse the jury the assistant AG Bryant bank how ski said we're going to follow the facts wherever they lead with rich across desks here at any other bank or upwards into the financial institution investigators are examining a paper trail relate to this movie activities there being helped by at least two of the bank's former traders who pleaded guilty and they once again have electronic chats are they trying to get into the upper reaches of the people at JP Morgan I expect that they all are and do that the department of justice's policy now he is that companies are expected to cooperate him give up evidence identifying individuals who violated the law so I doubted JP Morgan will end up being charged in this but they cooperated in this case he. and given evidence the prosecutors in deep in the indictment one of the chat sessions the words spoken was in their hands so what the two cooperating dependence of said is look we were taught how to spoof by the precious metals desk and this is not a good look for JP Morgan but as long as they cooperating give evidence I think they may well be off the hook here one of the former traders who pleaded at an October twenty eighteen hearing said well at JP Morgan I was instructed by supervisors and more senior traders to trade in a certain fashion namely to place orders that I intended to cancel before execution we've spoken before about the importance of the prosecution flipping people and here it seems like it's really going to be an important part of the case yeah I think that's going to be one of the keys to this case you can make a case based on a paper trail but that's not very enticing to a jury. a year story in here you have to cooperating defendants who can in fact give the story saying look we were told that we had to enter what the government in the indictment called deceptive orders in other words we were taught how to speak the market if you will and of course in spoofing what you're really doing is you're trying to mislead other computer algorithms in so this was designed it appears to make it look like there was an active market when in fact there wasn't an to drive the price in the direction that would help JP Morgan the government lost to manipulation cases in court so is this sort of like doubling down I think it is I think by bringing the Rico charge and they also brought bank fraud and wire fraud charges being worn to try to change the narrative here for spoofing and show that not only did they spook not only did the Korean orders that they didn't want to have filled but they ended up hurting others in the market and if you can bring in a victim who can say look I wanted the market was going in this direction and I ended up losing money that's a much more alluring case for prosecutors then simply putting a bunch of paper records in front of the jury thanks so much Peter that's Peter Henning a professor at Wayne State University law school coming up on Bloomberg law the top U. S. antitrust chief are grilled by senators over overlapping investigations I'm gimbal so and this is Bloomberg why.

Bloomberg Jim JP Morgan
"jp morgan" Discussed on KUGN 590 AM

KUGN 590 AM

01:47 min | 2 years ago

"jp morgan" Discussed on KUGN 590 AM

"Wall Street and my latest. call that fraud files are gonna make sure I put it up on the website if you take a look at that they're going to go check on that's what I've been doing for a long time and the I've talked about it being a bit of assisted me in task I costly push the rock on top of the hill it keeps rolling down. on top of me and I I saw a story. this past week again we know that that we knew that they were doing the S.. finally they get caught. I'm JP Morgan. JP Morgan has the this the big data out there the Big Daddy investment bank as it turns out an entire unit of theirs. their precious metals trading desk is basically. basically what this White cultural equivalent of the mafia. yeah. a massive multi year scheme to manipulate the market for precious metals futures contract and the fraud market participants now who is the CEO. of JP Morgan is Jamie Dimon. he's one of the most revered CEOs in the entire world. I'm going to get in trouble. just one of those units in there just so massive there so huge. I saw this story this past week you don't remind me up and I grabbed a club I'm gonna play it for you this is from. this is from godfather two this is in front of a Senate committee hearing about the mafia abolition. well I remember.

JP Morgan fraud Senate committee Jamie Dimon. CEO. mafia.
"jp morgan" Discussed on Liberty Talk FM

Liberty Talk FM

12:06 min | 2 years ago

"jp morgan" Discussed on Liberty Talk FM

"Five. number eight five five four five zero three seven three three that's the number to call to get on the air and talk about whatever you like this is open phones radio you don't have to talk about what we're talking about you can bring up whatever you like the right now we are talking about JP Morgan. being charged in yet another case again wasn't charged three let's love three moderators who worked for JP Morgan work thank you you boys are so literal and you're so accurate I just think they're a world journalism. I think they're a bunch of crooks well I I I think they're a bunch of crooks too but but you know they only charge you they charge. I'm going to go with this website and it is called let me see how good is the name of the website but basically it tracks when big companies get fine for millions of dollars it's the violation tracker parent company summary that's the spread sheet I'm looking at and I am looking at JP Morgan chase and company and here's big ones three hundred and five million dollars for. consumer protection when when sure I got it sorted by year that goes back to two thousand but okay you know during this period when this stuff was supposed to be going on there are numerous cases of people add shape well JP Morgan chase being fined for price fixing so while they're paying fines for price fixing evidently unbeknownst to anyone at JP Morgan they were fixing prices in the silver market they were doing things they were manipulating prices ten sept of orders is what they allege here in the summary of the indictment from justice dot gov but you want me to show you more with more please in thousands of sequences according to the indictment the defendants and their co conspirators allegedly place deceptive orders for gold silver platinum and palladium futures contracts traded on the New York mercantilist change from nynex and commodity exchange incorporated comex which are commodity exchanges operated by CME group incorporated by placing deceptive orders the defendants and their co conspirators allegedly intended to inject false and misleading information about the genuine supply and demand for precious metals futures contracts into markets and to deceive other participants in those markets into believing something untrue namely that the visible order book accurately reflected market based forces of supply and demand the false and misleading information was intended to and at times did trick other market participants into reacting to the apparent change an imbalance in supply and demand by buying and selling precious metals futures contracts at quantities prices in times of the otherwise likely would not have traded according to the indictment and also alleged the defendants and their co conspirators defrauded bank ETS clients so again you're right they are treating JP Morgan as the victim in this case defrauding their clients who had bought or sold quote Berrier options on quote by trading precious metals futures contracts in a manner that attempted to push the price towards price level at which the bank would make money on the option which is called Berrier running or away from price level at which the bank would lose money on the option or or call barrier defending namely one barrier running the defendants and their co conspirators which'll what allegedly place orders for precious metals futures contracts in a way that was intended to deliberately trigger the barrier option held by the bank. firstly when barrier defending the bay of defendants and their co conspirators to place orders for precious metals metals futures contracts in a way that was intended to deliberately avoid triggering the barrier option held by the clients of the bank so they were using it sounds like they they knew what the software was doing and so they were gaming the software because they were on the inside no this is just JP Morgan so you got a bad apple yeah that's all your well and from another store the practice began before JP Morgan's may two thousand eight purchase of Bear Stearns and grew even larger after that acquisition the U. S. said Jordan had also engaged to manipulation with Credit Suisse group AG for about six months and twenty ten prosecutors said Credit Suisse declined to comment yeah so this is Christopher Jordan who's the third person indicted he had worked at chase according to this in two thousand and nine or until two thousand and nine in December then he moved to thanks see a Swiss bank which is the one you just press you just mentioned images like these Swiss bank right and then from he left the Swiss bank after August of twenty ten and then moved to a precious met or trading precious metals futures contracts as an employee of a financial service company also known as company dis so we don't know which one that was but wherever he went after the Swiss bank was also involved here the indictment also identifies two former G. P. precious metals traders as being among the defendants co conspirators hi and then they talk a little bit more about their their history so there you go okay so we'd let me understand this we have a precious metals trading desk at one of the US's largest banks and nobody at the bank and knows what they're doing they act they they were completely you know they they've hit every evidence of what they were doing from at. re body except for the department of justice. for ten years and nobody noticed does that strike you as possible yes yes absolutely I've having worked for dues for automated trading desk and in the software department big bank yeah there's the things they do in their would curl your toes there are there are places where you can telnet into a port. I and just type in in order for Bob million dollar transfer and it'll go through and all you have to do to do that is B. B. heightens their fire wall the only protection they have this what people can't get to the subnet St now I'm gonna call crazy talk I'm gonna called. not not toward you but be us on this whole idea that just these three guys that the department of justice found out about are the only ones that were involved the JP Morgan I think that this probably goes much higher and I don't think that's a stretch to say that perhaps the guy who's in charge of commodities desk just chose to look the other way because Hey that silver desk is just blowing up and they're making us all look good I think a lot more people had some ideas there was something wrong I don't think it was the drain thing is if they were looking to to trick triggers on program trading that's going on in their own bank they're not making that bank look good they're making that bank do stupid things so if it's making them richer in making the bank Porter if I understand the the scam properly that's what it sounded lie were they operating out of out of personal accounts does it doesn't say I think they had to be because if they if J. payment at Morgan with getting the money then JP Morgan should have been charged and but we don't you're only going to do that for your employer if your employer told you to otherwise you have no motive now I think it's gonna be interesting because Rico cases they always start with the guy they flip one guy we're going to charge this guy are you would be. they could know all kinds of things I would hope it does and I don't say that because I don't like JP Morgan but I don't think Wall Street has your interests at heart I think it wants to make money off of you not for you eight fifty free eight five five four five zero three seven three three this is pre talk. for me online sharing each month tons of new brown luxury styles. twenty four ninety five. the regional body with public and movement in twenty eleven to twenty twelve comprise labels independence between the Republican Party specifically to support rumble in his message of civil liberties peace at the end of cronyism we were the biggest coalition in support of doctor polls presidential candidacy we now a movement of non the medically would accuse Americans driven by finding common ground the cost political divisions because winning our basic freedoms back is much more important than winning occupants and if you like the sound of that join me more because of the original be Republicans on liberty told the FM every Saturday and Sunday at two PM Pacific five PM eastern. this is earnest Hancock hosted declare your independence and you're listening to talk dot F.. marketing New York City I'm Lisa left Sarah fox news that's what prosecutors are saying about a New Jersey man accused of being a member of a terror group forty two year old Alexi psalm was arrested in July in New York City and now faces nine counts of federal charges including providing material support to a terrorist organization federal prosecutors saying quotes sobs served as an operative of Hezbollah and conducted surveillance of possible target locations covert activities conducted on U. S. soil are a clear threat to our national security prosecutors say sobs are mailed dozens of locations on behalf of the Hezbollah in New York City including not only the United Nations headquarters of the statue of liberty and Times Square but also the Empire State Building Grand Central Terminal the New York Stock Exchange Brooklyn Bridge and local airport Sox's Brian Yenice in New York a guilty plea hello man charged in the killing of two university of North Carolina students earlier this year Steve Rappaport has more live Lisa Tristen Andrew Terrell will likely avoid the death penalty after pleading guilty to murder and other counts for the shooting that left two dead and four wounded one of the survivors oppose the deal saying prosecutors gave Terrell exactly what he wanted Terrell walked into a classroom for a course he used to attend that you NC Charlotte last April and opened fire police capturing him after he was tackled by one of the students who died trail apologized to the families in court saying he made a mistake and would have backed out if he could go back in time Lisa see the house intelligence committee here Adam Schiff says Congress has been made aware of a whistle blowers complaint against president trump over was reported as a promise during a phone call to a foreign leader he says the inspector general appear before his committee but nothing was accomplished thank you for the administration of violating the law president trump call the reports fake news America is listening the fox news. the following message the lens of liberty here's how incredible lady who set up an interior design business and was doing quite well her business growing quickly but these ambush design industry didn't like the competition it's hobbyist convince the state legislature passed a requirement that all designers had to be certified by their national trade association that effectively meant nobody knew could get into that business at least not without pain expensive does doing non governmental organization but this lady looked through the lens of liberty and realize section abusive state our amounted to a subsidy for some and a prohibition for others.

JP Morgan JP Morgan. B. B. five million dollars forty two year million dollar six months ten years
"jp morgan" Discussed on KGO 810

KGO 810

10:59 min | 2 years ago

"jp morgan" Discussed on KGO 810

"JP Morgan himself the man who owns Wall Street and we'll rescue it soon enough in the crisis of nineteen oh seven and knocking on his door is a humble an ambitious and extremely gifted young man Edward Curtis born in eighteen sixty eight he has come to Morgan looking for money subscription money but also a great scheme think of this as a man who has a vision of what will become the record of americana from the turn of the nineteenth to the twentieth century and it's much like a start up Curtis is pitching a start up to Morgan who has the money but does he have the interest a new book short nights of the shadow capture the epic life in a moral photographs of Edward Curtis Timothy Egan is the author of Pulitzer Prize winner Timothy a very good evening do congratulations for your book Edward Curtis comes to JP Morgan what does Mister Curtis Wong and what does Morgan at demand from him in return good evening well good evening and thanks so much for having me it's an amazing life story well Curtis shows up at this home the office of the Titan don't remember we didn't have a Federal Reserve Bank in nineteen oh six but we had JPMorgan he was the wealthiest banker in the world someone with the United States would go through one of these periodic crashes that is when the economy was gold clearly in the tank the call loan JP Morgan to rescue so he's wealthy far beyond his years he's also getting up in these in these years and it's time to look around for some sort of legacy is a collector of women and art and precious things all around and could miss this incredibly ambitious very forward this man is amazing vision to photograph all surviving in native American tribes that are intact most of the Midwest the Mississippi shows a bit more in store after this getting a series of you know you have a furnace people connected to them no cruise is about five years in the dreaming up this project but he can't find his impossibly oversized idea is because you know he's the one person that you're trying to do the work of fifty people how can one man possibly photograph all existing tribes right now not just photographed and documented their lifestyles in our language etcetera so he turns to Morgan after being turned down by several people including the Smithsonian which had greatly hurt because because he was rejected by them any any said dashing good looking guy he's got only a sixth grade education but is that extraordinary self confidence it would also all these sort of self made men have which is the sense that luck is on his side and belief in his talent in this state and he's ushered in by the beautiful build the cost to green who is the keeper the beautiful keeper of Morgan secrets and his librarian. and he's told to take a seat and after awhile Curtis is set brought in to see Mr Morgan and Curtis shows him his portfolio show some some of the pictures he's taken of native people shows him chief Joseph of in this person some of the Apaches living in the south west and some of the Zuni of New Mexico and some of these amazing faces and Morgan is largely on moved now remember Morgan is not a friend of Indians it was his rewards the consolidation of Israel to not only made him wealthy but accelerated decline of the tribes because once the tracks were laid across the great expanse of the western tribes really doomed Tamara disinterested and he says the Curtis Mr because there are many no demands on my time I'm sorry I can't help you and Curtis doesn't move he says let me show you something else and it shows in this picture of a little girl she's the girl from the desert in the hobby the girl of about nine or ten years older name is Melissa and this draws Morgan and just as he likes these people to Chile paintings in Italy and these great renaissance pictures he sees the face of little more so with two full streak of hand painting across her cheek and he's moved by that and that draws him and eventually after showing the other pictures like Melissa in that afternoon Morgan agrees to fund the great Curtis enterprise which is that he will go out and try to shoot but AT American Indian tribes she and document their ways of life but there's this cabbie ought to pay for the operation you'll pay for the field work will pay for Chris to hire great staff and translators and editors and technicians but he won't pay Curtis a dive Curtis will have to finance his own work himself and day set off on this scheme that Curtis hopes to have many volumes perhaps up to twenty volumes and do it in originally five years was at Timothy out what it was is the original package. yeah that's what he promised Morgan that's what's in the contract peepers he didn't know exactly how long this will take no one is ever lost such an enterprise it is is it turns out it took him thirty years but he thinks he can do it in five all right so we'll stop right there because that's the puck and Morgan buys it and bill green is an important belt Acosta green is an important figure here because my Morgan will not communicate directly with Curtis through the rest of his life Morgan dies before it's completed but Edward Curtis will stay in contact with bell green for all these decades and she is the librarian she puts together the Morgan library rolled back to and Curtis will become a motion picture maker later on and deal with the great D. W. Griffith but this is a man who has a vision of motion pictures taking americana today we'd get would send him over to front line at PBS and he'd be a master director but this begins humbly in Minnesota in eighteen sixty eight where is born into peripatetic family that are a family where there are many children and the father is not especially good bread winner and they emigrate to Seattle which is your hometown Timothy and they add the the family emigrated to Seattle right at the birth of the city is that where they there before the city existed. in order to see when this is the Emory to Seattle at the point when the city is just starting to take off it was basically a city with mud streets and stops from the trees they cut down and it just started to remove some of the Indians through a treaty of very easy treaty were then tries to bought off with what worked out to be about two blankets and two dollars per native for this beautiful expanse of land now the cruise family is a preacher a sickly preacher from the civil war a mother and three children they moved to Seattle the homestead on this island in Puget Sound across the sound from Seattle and the day that the mother joins them then the father and advocacy going on first he dies he'd been sickly all along and he's had bouts of pneumonia he dies leaving Curtis to raise his widowed mother and the other children and he picks Bering Sea splits woot he digs clams he looses subsistence lifestyle no like no money at all just let me know what he can do you know through swapping his manual labor putting it back into his work but he's fascinated by a camera his father had found a lives Prada Lynn home from the civil war and Curtis started toying with it and he helped to build that went into a larger camera itself and Curtis starts to experiment with this camera starts take pictures around the homestead but doesn't become a photographer yet himself he still is basically this dirt poor son of the late son of a sickly preacher living us of systems and his brother his younger brother Asahel is that how you say his name he's also interested in camera work so the brothers together share a common purpose early in life why is brother ash you'll also love is entranced by photography now Curtis gets injured he mangled his back he's been the year on his back wall is twenty one years old and during that time he becomes a very astute observer that's when he starts to look at the world through the eyes of the. it would be awfully bring to all these characters then he does assemble his camera he he's healed himself when after years convalescence he sailed across the water to Seattle from the from the other side of the sound and buys a photography studio buys into photography studio after mortgaging his homestead and almost no time young Edward Curtis becomes this dashing figure around this booming town he becomes the leading Porter photographer in the Pacific Northwest they ride motors this handsome six foot two charming fellow all women want to have their pictures taken by him all the bankers want to have their mugs shot by him his brother is established in the business with him he's working for for Curtis and he could have gone as we just being though the foremost portrait photographer of the west coast I mean only almost five years time he will load up and down the entire west coast as a guy who could capture magic. he sees the gold fields the Yukon strike and his brother heads to the gold fields and this is an important turn his brother takes pictures and Curtis Edward Curtis the older brother gets them published and doesn't give his brother credit one on. well a year old this is the great one of the many great breaks in Curtis's life his brother was technically working for him and Curtis soul got his first big break he sold a piece to century magazine which include the stunning photographs from the Yukon and from the gold rush up which was a massively successful magazine at the time it would have been net right yes time magazine or the Vanity Fair of its time very popular it's a very big deal for this guy Curtis who's just building is reputation as a Porter photographer to suddenly have a big national splash but he doesn't with his brothers photographs and his brother any cruise says he'll look you work for me so I own the stuff his brother disagrees they have a huge fallout and his brother leaves his employee and take his pictures with him and that starts a few that will last a very long time the brothers refused to speak to each other the book is one thing it launches Curtis the name so from that experience in Alaska he's got a little bit of a name right now not uses reporter photographer but as an adventure journals short nights of the shadow capture the epic life in a mortal photographs of Edward Curtis and we're watching the beginnings now with Timothy Egan the author when we come back accidents on main on Mount Rainier on the glacier and then accidental meeting so the president of the United States I'm John bachelor this is the John about social. this is the John Batchelor show KGO eight. balance.

JP Morgan Edward Curtis five years twenty one years thirty years two dollars ten years six foot
"jp morgan" Discussed on KFI AM 640

KFI AM 640

01:57 min | 2 years ago

"jp morgan" Discussed on KFI AM 640

"The co chairman of JP Morgan warned that a deep correction like forty percent could hit the stock market at any time don't lose forty percent diversify now you can add gold or silver to your IRA or four oh one K. rollover accounts the stock market has been shaky with the trade negotiations don't risk your investments listen to the warnings and diversify before you lose forty percent protect your portfolio with solid and tangible investments gold and silver call eight hundred five one six forty to forty one all qualified investors get a free twenty twenty trump freedom coin and a ten ounce silver bar with your account call eight hundred five one six forty to forty one to be connected now and get a free twenty twenty trump freedom coin and a ten ounce silver bar when you open a qualified account or go to noble gold investments dot com individual results may vary invest wisely open your qualified account today to get your free twenty twenty trump freedom coin and a ten ounce silver bar don't wait for a forty percent deep correction call eight hundred five one six forty to forty one that's eight hundred five one six forty to forty one Hey it's mo Kelly again every car comes with its own share of memories and while you can't put a price on them with true car you can see how they might affect your value when you sell or trade it in here's what you do go to true car enter your license plate and find out your car's value in real time answer a few questions and you'll get a true cash offer in minutes which you can take to a local certified dealer to trade in or cash out so when you're ready to experience a better way to sell or trade in your car check out true car today to get off and it'll be all states I'm attorney daring happen Okie from one eight hundred no cops with another one hundred no cuts D. one myth but he just told me he thought you couldn't get a D. Y. if you're under eight sadly that's not how it works you can get a D. wife you're either above it weight or you've drunk so much you're just not safe to drive that can happen at any level and by the way you talk just drop the limit to five so expect that in California soon one hundred no cops because no one looks good Hancock's.

chairman JP Morgan mo Kelly attorney California Hancock forty percent ten ounce one K
"jp morgan" Discussed on WAFS Biz 1190

WAFS Biz 1190

06:11 min | 2 years ago

"jp morgan" Discussed on WAFS Biz 1190

"With a continuation of key earnings. We've made you use names, including city, Goldman sanctuary. The USA today. Let's hit live breaking news type STI on your Bloomberg terminal Neera, Michael thanks so much. That's your Bloomberg business flash. She is leeann guarantee with more on what's going on around the world. Good morning. Name Kim Jones own says, he would be willing to hold a summit with President Trump as long as they US comes up with an acceptable nuclear deal by the end of the state media reports came into his good relations with Trump. The president has said. He's been to another summit, but is not prepared to lift sanctions without major concessions spine, North Korea. Thousands of protesters took to the streets office Sydney's comparable cooling on the me to hand over power to a civilian government. The military toppled a longtime President Omar al-bashir last weekend. And the protesters say they will continue to demonstrate until a civilian council is formed and finally tiger rules, again would has pulled a form of the most remarkable turnarounds in sports history. He's won the fifteenth major title more than a decade of his previous one woods claimed his fifth. Green Mazdas docket coming back from scandal and injury. He generated more than twenty million dollars of exposure for his phone says cheering TV coverage of the final round. That's according to market analysis. Global news twenty four hours a day on avenue tick tock on Twitter pound by more than twenty seven hundred journalists and unlistenable the one hundred twenty countries I'm yet guarantee. This is. Bloomberg narrow lien fun Q. I did a lot this weekend. But I can tell you the one thing I didn't spend time doing was watching Gulf. I just can't get my head around it. So I did a lot of watching go 'cause I've always been told that the Mazdas really starts on a Sunday evening the last nine holes because obviously the whole weekend you've got changed in the ship changing both. But yesterday was absolutely stunning. And I think every single support trout there is just ecstatic that would says ruled again that he's done again eleven years of he I did it when he first when he was the youngest ever winner Mazdas title. Oh, I'm so glad that Leon's here to keep the viewers listening while fifty percent of them chew. Now as I say, I don't want to watch the Gulf. Thank you Leon governs full of tape. Now. Let's turn to something else. We've role watching over the weekend and on Friday, financials very much in focus today, CitiGroup, and Goldman Sachs will open books that's off to J P Morgan reported on Friday a clean beat in. Most metrics shares rallied nearly five percent propeller. The S and P five hundred to a six-month high. Joining me in the London studio senior finance editor. Jayme hurtling, Jim what we heard from J P Morgan. Good morning, by the way, and thanks for joining us. Talk about game of thrones. Do you know what we've actually saved for the next block? You're teasing ahead. But yet we'll we'll get to game of thrones in just a second. If you can pull off a parallel between Bank owning season and game of thrones. You'll have my ultimate respect. But let's kick off. We what we saw from J P Morgan the reaction the Shatt price does that suggest that maybe expectations going into this Bank earning season, we're little low or is J P Morgan Khan of the standalone here, I think they'll probably a little low because what we saw in options trading after those results was that traders anticipate gains of earnings of the Goldman in city earnings, which suggests that low expectations were baked in. And as soon as JP Morgan numbers came out people traders readjusted, what what did you find most interesting out of the J P Morgan release? I mean, we talked about how was sort of a beat across most metrics. But was that anything in particular that stood out for you as surprising? You know, as as big as JP Morgan is as a it, it underscored sort of the strength of the US economy a net interest margin on credit cards. You know, just the the the US consumer was really kicking on all cylinders looking ahead. Then of course, we're going to hear from Citi group and Goldman Sachs today. What are you going to be looking out for that will be interesting to see how? If like Morgan Goldman's decline in in trading is less than what's been baked in. Obviously a trading revenue will will decline. Everybody's single that everybody expected Jacob organs was a little bit less than analysts had anticipated. And that was one of the reasons that the stock pup and we'll see if the same holds true for Goldman. And in cities case, again, we'll we'll see how how strong their their consumer and corporate business. And if we look at volatility as well, I mean going back to J P Morgan the trading business did suffer as clients would have stayed on the sidelines little bit during the first call investment banking, though, posted strong results of the Bank did warn it's pipeline for emanate was lower amid a drop-off in European dealmaking. Interestingly, but on the volatility question, I mean, Jamie diamond himself commented on this a tool, it's the beginning of this month, saying, you know, that we could see a pickup in volatility, for example, Andrew sheets at Morgan Stanley saying there are two big reasons. Volatility is going to pick up how much do the Bank openings from here in the US hinge on that one point of all Attila picking on. You know, every time you you hear traders hoping that follows volatility picks up, you know, that will boost trading revenue, but it seems when we've had spikes and volatility the past couple of years. It's always the wrong kind of volatility. So, you know, we'll see a good point always going to distinguish between the right and wrong. Kind of all Attila t meanwhile, your phones, then. Yes. Yes. In fact, we spent that we can't reminding ourselves catching up to head into the final season. Jim. On US banks. I gave a great to have you with us in the studio which one five minutes into the equity trading session here in Europe, a banks. She did pretty well on Friday in terms of European equity indices outperforming today. This is Bloomberg those your small business owner, and.

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"jp morgan" Discussed on 90.3 KAZU

90.3 KAZU

03:45 min | 3 years ago

"jp morgan" Discussed on 90.3 KAZU

"Comes from J P Morgan which said this morning. It has finished testing something called the J P M coin. Let's do think. However, this is the biggest Wall Street Bank getting deep into tradeable crypto. It is not Michelle Davis covers finance for Bloomberg news. She wrote about the story today on J P M coin welcome to the program. Thanks, so just because this whole cryptocurrency thing gets complicated. What exactly is the JP M coin because it's not bitcoin. Right. That's correct. It's not bitcoin. J P M coin is basically JP Morgan solution to this problem of transferring large amounts of money between companies so it's their own coin that's going to facilitate, you know, if apple wants to send money to a client and in Europe. And is that a problem for JP Morgan mean what what's the actual technical problem? They're trying to solve. So a big part of J P Morgan Dennis that. Not a lot of people know about is that they move more than five trillion dollars and wholesale payments every day and right now the way that they do it is is using swift which at times because I've cut off dates depending on what country institutions around means. That payments aren't always real time. It's clunky. It's on the wire swift is the national internationally recognized standard. That's just kind of the means by which it happens now. Right. It's it's the air traffic control system for for sending money around the world. Okay. And the challenger now is that JP Morgan as you were just starting to save before I cut you off. They want to be able to do it in real time like hitting somebody cash in effect, right? They want value to build a transfer instantly. Why not? Yeah. Why not it makes sense not to get too weedy here? But this P M coin will be first of all not treated publicly, you can't buy and sell them. And also, it's pegged to the dollar. So every J PM coin is backed by a dollar that JP Morgan has in the Bank so to speak, which is how. They make it work. Right. They they'll transfer their dollars to their dollars, and then JP Morgan coins JP Morgan coins. Exactly. So this isn't a betting mechanism in the way, bitcoin is it's just a tool to simplify this money transfer process. It's interesting because it's kind of a glimpse into the into the gears of the machinery of the global economy and J P Morgan transfers five trillion dollars a day. Right. It's that's hold on wholesale payments. Right. Exactly. A word here about JP Morgan. Ceo, Jamie Dimon who has said he's opposed to bitcoin called it a fraud. That is that's not what's going on here. Right. They're using the technology underlying cryptocurrencies blockchain to make this work. That's correct. This isn't necessarily a shift from from Jamie or J P Morgan at all about crypto or blockchain JP Morgan is a giant, right. They're not necessarily the first in this space. But this do you do you think this is a tipping point? You know, it's a it's an interesting question today in crypto land people are debating the significance of this. And some people pointed out rightly that the technology. They've developed here isn't necessarily anything new. It's it's incremental. And in fact, JP Morgan so far has only successfully completed one transfer of money between one of its accounts and a client. But being that, they are, you know, the biggest US Bank. They are this huge institution. The other argument is that having them behind it does. Some credibility to the space and could lead to more adoption by my big institutions any sense of timing on when this becomes an actual viable thing. As opposed to you know, the slow roll up. They've said that in the next few months they're going to be testing out these transfers with a small number of clients. Maybe by the end of the year, they'll be ready to announce something more Michelle.

JP Morgan J P Morgan Morgan Dennis Michelle Davis Jamie Dimon J P M US Bloomberg Europe J P Ceo apple fraud five trillion dollars
"jp morgan" Discussed on KCRW

KCRW

03:45 min | 3 years ago

"jp morgan" Discussed on KCRW

"News of assorted comes from J P Morgan which said this morning. It has finished testing something called the J P M coin. Let's do you think? However, this is the biggest Wall Street Bank getting deep into tradeable crypto. It is not Michelle Davis covers finance for Bloomberg new. She wrote about the story today on J P M coin welcome to the program. Thanks, so just because this whole crypto currency thing gets complicated. What exactly is the J P M coin because it's not bitcoin. Right. That's correct. It's not bitcoin. JP coin is basically JP Morgan solution to this problem of transferring large amounts of money between companies so it's their own coin that's gonna facilitate you know, if apple wants to send money to a client in in Europe. And is that a problem for JP Morgan mean what what's the actual technical problem? They're trying to solve. So a big part of P Morgan is Dennis. Not a lot of people know about is that they move more than five trillion dollars in wholesale payments every day and right now the way that they do it is is using swift which at times because of you know, cut off dates depending on what country institutions are in means. That payments aren't always real time. It's it's clunky. It's on the wire swift is the Nash internationally recognized standard. That's just kind the the means by which it happens now. Right. It's it's the air traffic control system for for sending money around the world. Okay. And the challenge now is that JP Morgan as you were just starting to save before I cut you off. They want to be able to do it in real time like hitting somebody cash in effect, right? They want value to build a transfer instantly. Why not? Yeah. Why not it makes sense not to get too weedy here? But this J PM coin will be first of all not treated publicly, you can't buy and sell them. And also, it's pegged to the dollar. So every J PM coin is backed by a dollar that JP Morgan has in the back so to speak, which is. Is how they make it work. Right. They they'll transfer their dollars to their dollars, and then JP Morgan coins, the JP Morgan coins. Exactly. So this isn't a betting mechanism in the way that bitcoin is it's just a tool to simplify this money transfer process. It's interesting because it's kind of a glimpse into the into the gears of the machinery of the global economy. If J P Morgan transfers five trillion dollars a day, right? It's that's wholesale payments. Right. Exactly. A word here about Jessie Morgan CEO, Jamie Dimon who has said he's opposed to bitcoin called it a fraud. That is that's not what's going on here. Right. They're using the technology underlying crypto currencies blockchain to make this work. That's correct. This isn't necessarily a shift from from Jamie or J P Morgan at all about crypto or blockchain JP Morgan is a giant, right. They're not necessarily the first in this space. But this do you do you think this is a tipping point? You know, it's a it's an interesting. Question today in crypto land people were debating the significance of this. And some people pointed out rightly that the technology. They've developed here isn't necessarily anything new it's incremental, and in fact, JP Morgan so far has only successfully completed one transfer of money, you know, between one of its accounts and a client by being that they are, you know, the biggest US Bank. They are this huge institution. The other argument is that having them behind it does lend some credibility to the space and could lead to more adoption by by big institutions any sense of timing on when this becomes an actual viable thing. As opposed to you know, the slow roll out. They've said that in the next few months they're going to be testing out these transfers with a small number of clients. Maybe by the end of the year. They'll be ready to announce.

J P Morgan JP Morgan Jessie Morgan CEO Michelle Davis J P M Jamie Dimon Bloomberg Europe US fraud apple five trillion dollars