18 Burst results for "Jp Mortgage"

"jp mortgage" Discussed on TIME's Top Stories

TIME's Top Stories

05:28 min | 3 months ago

"jp mortgage" Discussed on TIME's Top Stories

"You need a card built for business. Why only fans suddenly reversed its decision to ban sexual content by eh louise berry. Only fans the subscriber-based social media platform sparked outrage last week. When it announced it would ban sexually explicit content on october first the platform where sex workers influencers and celebrities charge subscribers for access to photos and videos attributed the decision to pressure from banks and payment processors. Yet within a matter of days the company backtracked. The planned october policy. Change has been suspended tweeted the company following assurances from banks that adult content would not be penalized. Sex sells founded in twenty sixteen. Only fans has attracted one hundred thirty million registered users and over two million creators. only fans popularity took off during the pandemic as the sites user base rose from less than twenty million and transactions increased sevenfold to two point three six billion dollars the platform let's content creators sell photos videos and messages directly to users anything from personalized songs to fitness workouts. High profile names such as bella thorne and cardi b. have recognized the sites potential to market and sell exclusive content to fans while the service was not originally designed for adult content. The user friendly interface and subscriber model has made it an attractive destination for sex workers. Creators keep eighty percent of their revenue while only fans takes a twenty percent cut. The company has recently tried to distance itself from its porn friendly reputation on august seventeenth and announced the launch of o f tv a streaming platform an app which excludes sexually explicit content. Oh f- tv can be distributed across operating systems which do not permit porn such as ios and android nonetheless only fans announcement on august nineteenth that it would ban sexually explicit content on its main platform came as a shock to sex workers who depend on the service for income. Despite the company's u-turn six days later some creators vowed never to return. The short answer is banks so why did only fans briefly decide to ban the kind of content which had come to characterize its platform. The short answer is banks. Said tim stokely. The sites british founder and chief executive banks he claimed are refusing to process payments associated with adult content and an interview with the f. t. stokely singled out being y. Mellon metro bank and jp mortgage chase for blocking intermediary payments preventing sex workers from receiving their earnings and penalizing businesses which support sex workers. He declined to reveal only fans current banking partners. This follows similar behavior by payment service providers which have begun to dissociate from the porn industry after a new york times investigation found images of rape and child sex abuse. Own porn hub. Mastercard and visa prohibited the use of their cards on the site and december. Twenty twenty and response porn hub removed all content produced by unverified partners and implemented a verification program for users and april this year mastercard announced tighter control on transactions of adult content to clamp down only legal material requirements included that platforms verify ages and identities of their users. Mastercard's new controls will become effective october. Fifteenth and many saul only fans actions. Which would come into effect on october. First as a preemptive measure in order to ensure the long term sustainability of our platform and continue to host an inclusive community of creators and fans. We must evolve our content guidelines from october. I only fan said this followed only fans decision to publish. Its first ever transparency report in july twenty twenty one it showed. The company received seven hundred eighty three requests for information from law enforcement agencies between june twenty twenty and july twenty twenty one despite only fans attempts to avoid a similar fate to porn hub. The company has reportedly struggling to raise money from outside investors and evaluation of more than one billion dollars according to internal documents seen by axios venture. Capitalists are wary of investing in a company so heavily associated with the porn industry. The big u-turn after provoking confusion and frustration among its adult content creator community only fans announced on august twenty fifth it was suspending the ban on sexually explicit content the company tweeted that it had secured assurances necessary to support our diverse creator community. The decision came a day after the ceo attributed the porn band banks which would site reputation risk and refuse our business. Only fans executives told the f. t. that stokely his comments had sparked open discussion between banks and the company while only fans creators may continue to sell sexually explicit content to users on the platform. The company's actions have infuriated many sex workers who said they lost subscribers after the announcement despite only fans assurances many sex workers felt the company had betrayed. Its core creator base and vowed not to return to the platform if anything..

eh louise berry bella thorne cardi b tim stokely Mellon metro bank jp mortgage chase Mastercard stokely axios venture new york times confusion
"jp mortgage" Discussed on Squawk Pod

Squawk Pod

07:30 min | 3 months ago

"jp mortgage" Discussed on Squawk Pod

"Dollar buyback. Joe put a little meat on that bone. And did you hear what said a dollar twenty nine. The estimate was nineteen cents. We said they said they. And then we said they raise guidance. They raised earnings per share guidance. To three forty one two three seventy five and the guidance had been a dollar seventy one. I'm not good at math actually. I'm pretty good. But that's isn't that like double yup isn't a dollar seventy one double two three four so i mean just to. I don't know if we should just gloss over how unbelievable that is a pretty big. Yes bigly we didn't know if people are going to buy clothes remember. That was always the big thing. Everyone's going to buy stuff for the. Maybe maybe this the quarter that people thought they were gonna go out and peacock remember. Yep and i'm not talking about the streaming service. I'm talking about peacocking. Because they thought they were gonna go back to the office and go out to dinner and they were going to do that. Then we're gonna dress up to the froude proud peacock. You got the thing here. You know every day you do trying to think of what bird. I love pizza buzzard. Maybe for signs of the impact on the delta variant showing up in the high frequency economic data. That's the focus of the latest. Cnbc road back. Barometer steve. policemen joins us. Did you come up. I mean the all america who comes up with this stuff we have a road back now. At least men who came up with that is that you know the the junior economics reporter joe. How many are there of those. You've got a staff or in my mind thinking nuts. Let people think okay zero. I thought i have six or seven people working for me on a daily see. Unfortunately all the time this unfortunately jo's a bit of a road backward barometer the effects of adult various jewish of his job in the official data but they are showing up in the high frequency reports that we read the effect has been modest so far flattening out the upward slope with a recovery for some series but actually propelling some outright declines in others. Here are the three gauges. Were watching this week. Open table reservations. They had exceeded the twenty nine hundred level in june. Now they stand nine percent below at j. p. morgan card spending jacker for in store spending. It's three point. Nine percent of the january blow. Sorry the january twenty twenty level. It had made steady progress of catching up to card not present. We'll see that in a minute. The gap is now why and uk shift work. that's a high frequency proxy for employment. It's slip more this august than it did last august now. Let's take a look here because it looks like most of the weakness in the data stems from weakness in the south and southeast where the delta variant has indeed exploded. Take an open table. Growth in open table bookings in florida and texas. They've declined sharply but not nearly as much. They're much flatter in california and new york that suggests a delta connection. There have been a steady increase in spending in store according to jp mortgage credit card data but the gap looks once again. It's widening with card not present which is good for the internet retailers again but not necessarily the brick and mortar stores the question for the broader economy now one of spread spread of the delta variant spread of fear that could derail the return to economic activity especially things like services that's propelled the rebound so far. Enjoy answer that question. I think you need epidemiologist. Ns psychologist right because people are afraid and they're just tired of being afraid to thank you for that that road back up barometer andrew. I guess we're we're going to go to break in a second. But i'm thinking about about this again if you do go back to stores like we saw with home depot and target and if you go back to macy's then you're talking close. You're probably right about that. I don't know why steve's still on i guess he's a imperil. Joe joe apparels. Been doing pretty good. Yeah but if you do go back online you don't order your bill. I don't know what do you what's your favorite ender. Now what do you suits. You still like a great. A great ralph lauren suit. That's my week so you don't order those online. So if you are going back you would expect macy's probably might do better than those other stores where you are getting fewer not fewer but maybe not as many orders online. So might maybe it makes sense for macy's question for steve. The economist is if the money's moving back into clothing and people are still buying at home depot if you believe that that means that they're buying less tech because remember there was a whole period where people were saying. I'm not buying fashion. I'm buying a phone. Where do you think i mean. I think there's been the way of this stuff. Works better than i would end is. It's kind of cyclical right. You come out with a new iphone and all of a sudden. The electronics portion of the retail sales report goes surging up people. I think bought a lot of tech for their home. I think they're buying less tech right now for that. They be had some threadbare clothing. They were wearing every day even if they weren't going into the office. It was time to replace some of that stuff. I just wanna say one thing. And i think we all get overly focused on this darn retail sales report and i want to back up because retail. Sales are only thirty percent of total. Consumer spending services is the bulk of spending by consumers. And we have really really lousy data about services. Are statistics departments fail us. There's one sticking quarterly report about the service sector. I know we gotta rap here. But i'm on a rant and it just really makes what i think is happened why. That retail sales report fell was because there was a shift in the services and the point in my report. That i'm most worried about is not our people not gonna go to macy's or by from amazon. It's not going to go to restaurants not gonna go to concerts and that whole service sector. That was the thing that was down so much. That's what needs to come back to make this economy right and that's what i'm most worried about with the delta area. Okay thank you for the context. That actually is important next unsquashed time. The taliban in afghanistan is barred from some social media for now but not everyone agrees investor. Kevin o'leary a platform of the war. When you start to talk about information and this information and it's better to know what the enemies doing that to ignore it and think you can shut it down and anti-defamation league's ceo. Jonathan green black. It's deeply naive to think that the light of transparency will stop their terror. I believe in competition so let the taliban tell the world their story somewhere else. That lively debate right after this. Each you remember. Kevin o'leary here money court. All about dispute resolution businesses have problems. And i'm here to resolve money could with kevin o'leary new series wednesdays ten eastern on. Cnbc tv. this is squad pond from cnbc..

macy steve Joe joe apparels Cnbc Joe jo morgan joe america ralph lauren florida texas uk andrew california new york
"jp mortgage" Discussed on The Highwire with Del Bigtree

The Highwire with Del Bigtree

05:35 min | 4 months ago

"jp mortgage" Discussed on The Highwire with Del Bigtree

"Pharmaceutical industry. You need the tech industry. You need the telecommunications industry. it's all part of putting together the smart grid because the smart grid is the hardware and the infrastructure for this financial control grid so it's a lot of people and there is no doubt that the government and the central banks have been absolutely instrumental in creating massive incentives to get everybody to play. That's the magic secret here dell and it's something you hear a lot Sort of imbedded in your interviews and presentations at the high wire. We're building the prison. You know in a highly centralized system. Mr globalist non a lot of people and yet if you look at who's building the train tracks for the control grid. It's all of us. Which means you know. We have the power to stop banking with him. We have the power to stop associated with them. We can snubbed them on the street. We don't have to buy their stocks. We don't have to go work in the companies. You know you can make a list of the twenty companies who were the most instrumental in making all go. We don't have to support them at ten percent of the people just walked out tomorrow and we have to do it before the vaccine passwords. Go into effect because once you get. Cdc's vaccine passports. Essentially you've got you've got at a very central level as missed as mr carson's implied you've got complete control so the vaccine passport which is already some version of it has already seems to be infecting the politics of new york and in california. We're seeing those discussions around the world. France heavily involved in it. And that's what really sort of set me often wanted to talk to you. This is the first time ever were every government seems to be in on the whole world is aligned. As i've said this is a world war by every government of the world against the citizens of the world but very quickly when you say companies. We should avoid. I mean what companies like. Can you name a few. I mean i'm no name shirley twenty. There's twenty one trillion missing from the us federal government. Okay okay the. Us federal government. Bank accounts are run by the new york fed. Who's owned and who Who's member banks to operate. His asian is the depository for the us government. So if you look at the largest banks who run who owned and operated in your fed and run the the government financial statements and and financial system and bank accounts. They're responsible so. Twenty-one trade is missing they affected a great deal of illegal transactions. They're responsible why are we backing with them. Pull your money out. Who i'm with chase. Got some of my accounts and chase chase one of your money out del your financing. You're really america. Well story okay. In one thousand nine ninety nine hundred ninety eight. i was writing a check on j. p. morgan chase. You know private wealth and i- frozen. I realized why. Am i banking at the very bank. That is engineering. All the mortgage fraud. I need to come clean and it took me two years to get my companies and myself out of i was jp mortgage jason citibank and it took me several years so you know meany to stop financing i was. I was raised in train. Never finance your enemy. This is war. Don't finance your enemy. Bright that simple. So there's a credit union where we go. I mean what is the move. I make today the walk out of here. If you if you go to sa- and you do research for how to find a good local bank. I have an article and it walks you through the process of how to find a good local banker credit union. And a lot of what you're looking for is what is the institution that has good governance. Good ownership good management and has a demonstrated record of really caring about the people in that community their businesses banking their businesses not trading erivatives on wall street. And they're right now figure you've got four to five thousand of those in the united states. And if they the more they shrink down the left freedom we'll have you know the best thing for the small business economy as a healthy infrastructure of of good banks and credit unions in your community. So get your money out of the big banks and and headed to them but do it in a way. That's good for you because style you deserve back the really cares about you and as you know and is clean and and so i. I don't know if you've ever looked at the madar fraud. But that's a perfect example of why you never wanna back with p. mortgage jason my opinion when you talk about sort of consolidation of wealth. You're mentioning you know. Private business small businesses through this. This weird thing happened for the first time in the history of antivirus that we know of. We locked down the healthy people. We locked him in their houses. We kept them from being able to go to work. We shut down businesses all across the country. I totally i totally i have to. I have to stop your del okay. And i'm going to grossly oversimplified. We shut down. The business is owned by mainstreet. The businesses owned by black rock kept trading and were able to suck up the market share. Right so we have. We have two places of business. We shut you down. Everybody has to go shopping at my store. They can't go shop at your store. They have to go shop at my store. So what happens. My stock goes up right. That's how i get wealthier. That's all these billionaires get wealthier mean..

Mr globalist federal government mr carson shirley twenty new york fed morgan chase jason citibank dell Cdc united states meany France california new york jason mainstreet
"jp mortgage" Discussed on News Talk 1130 WISN

News Talk 1130 WISN

07:06 min | 6 months ago

"jp mortgage" Discussed on News Talk 1130 WISN

"Guess. Deutsche Bank Goldman Sachs. JP Mortgage chaise, You know, I guess all of these companies weren't weren't good enough We needed we needed to crack addict to get these $1.5 billion deal with the Bank of China. You know what it's suspending oil drilling leases and in Alaska is an unmitigated financial disaster for that state. And by the way I get to hear a peep at a rhino, Lisa Murkowski about it. You'll meet Kelly Chewbacca, who's running against her. It has a tremendous support there. I think she's gonna win. Anyway, that's coming up in the course of the show. Um, but it's so frustrating. It's like Let's make Russia rich again. Russia first policies. China first policies. Let's support Israel's enemies. Unbelievable. Um, but all that's happened by the way. What's Joe going to do with Russia? Now that we've had to Russian cyber attacks the Colonial pipeline and JBs, the largest meat producer in the country? Sorry. Beat prices already gone skyrocket even even before this, like energy prices of skyrocket, everything skyrocketing. Uh, let me move on. We've got Dr Fauci. Now Biden has become the chief apologists. Or flip flop, Fauci. We'll get into this with our medical experts at the top of the hour, but we now have this understanding is January 31st email. Uh, and February, 1st emails sent to Dr Fauci. And that happened to be the same day that Trump put the xenophobic, hysterical travel ban in effect, 10 days after the first identified case of Corona in the country, and literally, Fauci is told in this email Hi, Tony. And it goes on to describe their analysis of the virus. And it concludes the unusual features of the virus make up a really small part of the genome. So one has to look really closely at all the sequences to see that the that some of the features potentially look engineered. Oh, gain of function. Oh, Fauci funded Fauci with new On day 10. January. 31st of 2020. And now Biden's White House. He's been wrong on everything. And he's not been like one of these doctors on the ground. He's been, you know, too busy doing, you know, TV interviews and, you know, speeches and public appearances. He's never been on the ground, and Trump is right. Trump actually just the news dot com put out a statement a lot of questions that must be answered by Fauci. The funding of the Wuhan Institute of Virology by his and I H started in the Obama administration ended under the Trump administration. When I heard about it, I said, no way in hell. Donald Trump said what it found she know about gain of function research. When did he know it? Trump's right. Just like Trump was right in May of last year. The others Oh, that's been debunked that there's been any activity in the lab. This lab Lee conspiracy theory has been defunct, the bunk and you know, then all the political fact Checkers. No, that's a debunked conspiracy theory from Fox News and guys like Hannity. Now. Apparently, it wasn't It made sense, didn't it? Because they study coronavirus is in the Wuhan. Virology lab. They they worked on gain of function, and Fauci knew it and found, she said in 2012. Yeah, no, I support gain of function even if it risks a worldwide pandemic. And a function is about manipulating viruses to make them more lethal. Even acknowledge that if it got in the wrong hands, it could be a disaster. You know. In another statement, Trump said China should pay a whopping $10 trillion That's that's probably a low number. Everyone is beginning to say yes. Trump was right about this. You know, Trump also noted Fauci was not enthusiastic about his efforts to rush the development of the vaccine, he said quote Dr Fauci didn't put an emphasis on Speed of vaccine production because he thought it would take 345 years to create. I got it done in less than nine months. Operation warp speed. In retrospect, the vaccine is saving the world. We ordered billions of dollars worth the vaccines before we knew it even worked. Had that not been done. Our vaccines would not have been administered until October of this year. No one would have had the shot that has now save the world and millions of lives just like by the way. The travel ban wasn't so xenophobic, was it? China had their own travel ban can't leave Wuhan province to go anywhere else in China. You can't visit Wuhan Province if you live in any other place in China, But you can go from Wuhan to the rest of the world. And now the White House Circle back. Jen Psaki press secretary, saying he's an undeniable asset. No, he's not. What did he do? He's been wrong. Now we find out from the New York Post Today, The Chinese military researchers were part of a project that created mice with humanized lungs, apparently to test The infectiousness of various viruses, according to a report out yesterday. The bioengineered rodents were developed using gene editing technology mentioned by the way, April 2020 study that US government neurologist flag for the National security a council 23 authors include 11 who worked for Oh, the Chinese Armies Medical Research Institute. It's in China's best interest to be forthcoming. No, it's not. They've been lying to the world the whole time, and you're helping them. In spite of now we know you knew better. It's unbelievable. Know what and Democrats so they want. They want all sorts of investigations, except they don't want to probe into the origins of the coronavirus. Why? 600,000 dead Americans the impact on every single American the disruption of how many lives the psychological impact that you can't calculate. The cost associated with it. Even the Wall Street Journal said If Congress doesn't investigate, Bidens should establish a commission. Don't hold your breath. Mike Pompeo is on tonight, and he's like saying how she saw everything I saw. So he knows more than anybody. He'll be on tonight. Also, Rand Paul's on tonight. Because Rand Paul's I've told you You know, these days, he sounded like a Chinese government mouthpiece. I'm it's unbelievable. No, you don't want to be accusatory in tone. Why not? It's a hostile regime there even threatening nuclear war.

Kelly Chewbacca Donald Trump Mike Pompeo Tony Jen Psaki 2012 February Lisa Murkowski $1.5 billion 345 years Wuhan Institute of Virology Congress 11 April 2020 January 31st 23 authors Alaska Trump Wuhan Province yesterday
"jp mortgage" Discussed on News Talk 1130 WISN

News Talk 1130 WISN

05:25 min | 6 months ago

"jp mortgage" Discussed on News Talk 1130 WISN

"More Hannity. Less big government. This is the Sean Hannity Show 25 to the top of the hour. 809 41, Sean. Want to be a part of the program. So I'm being mocked and made fun of and ridiculed by Linda and our team here, Sweet Baby James in particular, because it's not the first time this has happened. I had to get a new phone today because my old phone Well, you want to tell it you want to tell what happened. Go right ahead. You go. Enjoy yourself. Explain. You seem to be losing your grip. In your senior years. And I think a big part of it is probably from all of the dojo experience with, you know, Mr Sense A and you're beating the crap out of the trap out of me all week. This was a Russell. So you know, And you like to show me your broken fingers, which I would really rather not see. Ever. They're pretty. They're disgusting. Your hands are gross. And so you know, you've got these mangled hands and then you're you know, you can't stop texting or talking. You're like a 13 year old girl with your phone. And so, you know, texting, texting, texting. And then where does the phone end up? I don't have any email. And I don't have any social texted like this because you took it away from me. You're welcome. Well, you didn't tell the story. Acosta had enough. Alright, it fell in the toilet He's done. Do you want me to say it? And it's not the Yeah. I wanted you to say That's why I left. That part just fell in the toilet and sweet Jason. Do you have the the day sound? Because Sean has fancy toilets. You know, he doesn't have normal toilet. Good grief. Is there a bad day sound? Because I don't know what that sound. My gosh. No, those. Oh, yeah. There's a big day sound there like heated seats so you can get them heated. Uh huh. Maybe if the seat was the seat wasn't heated. You be focused on holding your cause, like, you know, 20 bucks more and it's you know, it's it's a new invention. It's a great invention. Whole way of thinking about the hottie Toddy, right? You know, I just You know if it didn't happen, like two other times, I'm like, Oh, again. I did it. First of all, no one drops their phone more than you. You have cracked your screens. Master screen dropped your screen. I've never seen anything like it in my life. But the phone guy is great. I mean, you know? Oh, yeah, of course he's grades making unfortunate for you. I know I'm like I know, and I'm helping apple Good grief. Yeah, that's all weird. Hey, well, anyway, we tried. We tried to drive. Do not have one of those covers that protect your phone when you drop them. Well, then they don't work as good anymore. So just, you know, they don't slows me down. Once That thing slows down. I'm ready to buy a new one. Anyway. I'm like this thing sucks. And I just get pissed. I have no patience for anything that is technical. I can't stand or just anything. You could have just stopped at anything. I have no patience for and he's not in that. I'm actually very patient. You are. What do you patient with? Okay? Yes. Do tell, never get fired from the show. No, I'm sorry. The first thing you go to do people get fired from the show on patient I I've only let people or people do their jobs so you don't have to fire them. No good grief. Alright, Can we move on? Are you done? Oh, I got plenty. We could do this all day. I need to stop bringing it in there. That's the problem. Everybody takes their phone in the bathroom. It's like the new library. It was stupid because they're expensive. I mean, I'm not trying to throw money away. Well, not everybody drops it down the toilet. No, I'm not saying that. I would always give me a phone every time my son was rush. Oh, my gosh. Yeah. Russia always had the new phones. Yeah, he gave me two. And then he mailed me another one. I'm like he's really heard he heard about the bathroom experience at the Hannity household. He's like I'd better give him a backup was so generous about this stuff, Love and he loved technical stuff. I'm like I can't stand it. You know who else loves his mark? Simone? Mark. Simone's like that. Is he good? Maybe he can start supplying. We were phones. All right, I'll let them know. I'll tell you one thing. I'm very angry at this. This waiver for Putin in the pipeline. We're going to get into it later. We have a challenger, Conservative challenger against Lisa Murkowski, the rhino and in Alaska. I mean, this is killing Alaska. This is there's a big part of their people of Alaska. Get a check from the state Every year. They don't pay any state income taxes. They get a check for being a citizen of Alaska. And I love Alaska is the only state I haven't been, too, But I love it because I loved the Alaska shows. I watch, like, deadliest catch and life below zero. And and all these these, you know, rugged individualists and off the grid shows and I'm fascinated by it. You know, so be Vladimir gets a waiver. And Our guys that work on our X Keystone XL pipeline. They get a pink slip. Tell me what does that have Anything to do with hunters relationship with the first lady of Moscow? The Russian oligarch where you got 3.5 million I mean, at what point does Congress not say Joe lied, And not only did he talk to Hunter he met with all of these people. He's oligarchs. These these foreign business dealer With Hunter. No experience. Millions here. Millions. There are millions everywhere. Guess. Deutsche Bank Goldman Sachs. JP Mortgage chaise, You know, I guess all of these companies weren't weren't good enough We needed we needed to crack.

Linda Simone 3.5 million Putin Jason Hunter Lisa Murkowski Congress 20 bucks Alaska 809 41 two 13 year Joe Millions Mark apple millions today Acosta
"jp mortgage" Discussed on The Business of Sports With Andrew Brandt

The Business of Sports With Andrew Brandt

03:22 min | 8 months ago

"jp mortgage" Discussed on The Business of Sports With Andrew Brandt

"All of our other leagues do it and so they look at major league soccer doing it that way soon like wait a minute that it can't work that way audie of playing all of that. That's not even in the conversation but this right now puts the i mean john. Henry is going to have a very difficult time keeping on. He's going to have a very difficult time in his policies. Such a dry guy. yeah very. is that people burs. Listen i've i've hung out with them. Five to six cents. Nice guy january. So what so. He's not a people person. Okay that's a lot of people. Aren't i can credit that. He actually did a video. Anyone else andrew for that matter. I thought he should use his two percent owner named up. Lebron james would it resonated big time a little bit more It's john henry time. The glaziers have never really been bikes but their guy woodward who left yeah injury he came for jp mortgage so when this thing evolve now the kids going to be very interesting to see what impact that had and whether or not that was the real workers trader. The glaciers have said today as you. And i are keeping this that they're not selling Okay because with the fans just pull off with super league i mean. I'm not gonna underestimate anything. they do. Crockett counties that absentee owner ever from everyone. I hear over there. He is absolutely so i. You know what i mean. That's that's such that's a one that's up in the air for me that i have no idea everyone. I talked to in and around arsenal. They've never seen them there right. So that's an absence. he orders. i'm not sure. Do i think they're forced to sell. I might gut says no my brain says this is going to be very difficult for them. If this thing gets out of whack with the emotion behind. We're here on a wednesday evening. The twenty-first as we sit here today. This news came out. Monday morning here on wednesday as we sit here today as you inform me before we started taping two teams are still alive one of them in barcelona. You say is not really alive. If you could explain that he had they have. They have a vote that goes through their social part of their ownership and whatnot. They release late tuesday night that they haven't had the vote yet. So what i found that to be very convenient. It was quite honestly. They should have announced monday night. They announced right. They should have said yes. We signed a letter of intent to join the super league but we have not had the vote at. They announced tuesday night. But as of you. And i right now. The real madrid barcelona superleague might as well just be called. The classical they play each other types. And madrid's out front on this with all these american owners which is honestly the the biggest takeaway a distinct peres Like he was the spokesperson and so everyone talks about the americanization of super league. I get into reserves that. Why is he talking on behalf of the league like that..

barcelona Monday morning tuesday night monday night Five wednesday evening wednesday two percent Lebron james two teams six cents john Henry john henry time Crockett january today twenty-first andrew real
"jp mortgage" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

07:47 min | 2 years ago

"jp mortgage" Discussed on Bloomberg Radio New York

"We're looking at the property market US housing starts down down point nine percent in may two one point two six nine million at an annual rate. The reason weakness in single family, construction apartments and other multifamily projects up. Building permits. Meantime, engage of warehousing starts may be going up point three percent. Again, housing starts down in may retreating them point nine percent of any thousands, Bloomberg radio. Let's go back to New York. Thanks so much. We mentioned Sweden down to zero percent. We've got a French headline now. French ten year bond yields fall two zero percent for the first time. I don't know what I time is to goal post World War. Two napoleon. They've never been zero perceptual dickens. Tele two cities through history. Typically, you would get a positive return for lending money to the ruling, French Galvan this time through its maturity, apparently, this time is different on the American economy. Lindsey pigs joins us stifle thrilled. She join us this morning. Lindsey, I wanna cut right to the chase your numbers for American economic growth. Can you make a forecast now? Or is it so jumbled? You're hesitant to look out one year. Got one year because the data is battle pointed it one direction. But of course city fair, the data very rarely point it one direction, make it easy for a continent. What we do is very clearly evidence of weakness not bubbling under the surface, but gaining momentum underneath the surface, we see business investment business confidence, beginning to manufacturing. Even the consumer with last week's better-than-expected we sales reports still on needle footing at best. So this is painting, a pretty a pretty negative picture for the second quarter particularly. Trek growth rate, we saw the start of the year. Lindsey does the Federal Reserve disappoint tomorrow. Well, it's going to be very difficult for the Federal Reserve. I don't think that they change policy in any way, so keeping rates on change, but it's going to come down to the comments going to come down to the tone of the statement, and if they fail to tweak to award dovish position that will disappoint the market, but I do think that how to open the door for the conversation of, of we saw he removed patient liquids from his earlier comments. Just a few weeks ago that Cyprus is about what is your twelve month forward economic growth. Is it above two percent? No, it's not. I in fact, I don't think the longer run growth rate for the economy is okay. What's your number for twelve months Ford, I think that we're looking at one point five percent. Okay fund. That's JP mortgage with Lindsay Pinkus. I liked that crate. What is Powell waiting for? I mean I sound like President Trump. But if you're modeling and other adults are modeling Lindsey sub two percent GDP. Why, why do they need to be patient? Well, I think the fed hasn't historical position of waiting until the God of theory clearly shows that the economy is essentially falling off of a cliff, but we also know that historically the wage too late. And then when they begin to cut rates they're able to stave off that week that so I'm not sure if the fed is relying on their antiquated model that's telling them to take this more patients stance or this could be more of a political posturing. They don't wanna be seed and calling to the whims of the market, or political pressures out of the administration. Lindsey president Draghi Ren pump the pressure full champion pound tomorrow. Or did he retrieve some of it? How do you framed that this morning for our listeners? It's difficult because it used to be certainly taking a much more patient stance without even using the word patient. And so I do think that when we look out to our developed counterparts that are saying, look, retouched are on the table that, that's part of our policy going forward. We see the Blue Jays to actively engage asset purchases. It's very difficult for the fed to continue to push against that trae not only on a relative basis, but I'm a nominal basis when such clear weakness in the fundamentals as we talked about some of those growth fundamentals, we didn't even mention the week levels of inflation. In the US mmsaythanks, talk, your pigs. It was steeple this morning. Thanks, vaguely bid. I mean, it's a little bit of a bid, but I'll take John to up to two or three on the tenure finally oppose of what we've seen the last hour. So one of those mornings, isn't it? Big global bond market bounty and who walks past the studio. Camera. Schilling. Time for timing. Gary Chevy lights from the program might point out, folks. This doesn't happen by smoke and mirrors. The team. We were sitting there preparing to me. I mean I get in four minutes to five but their team is in bright in early. In john? They blew up the show's plural with drug. I mean he spoke headline came out the market tanked, and we need to blow up because anyone story global markets today. It's the space from presidents wrong, as we anticipate chairman, pound coming up tomorrow, the global policy responsive getting thought up, I just won't drink enough because certainly the optimal outcome is has been priced in this market of the moment with global bonds pricing easing and global risk and sets pricing in a self landing. Well to two important points here as we get a little bit. We finally begin strength one eight twenty four and the other point is Michael Barr. The Detroit Tigers fabulous fabulous Monday. I mean they just killed it. Amanda. That Kelly do better pirates tonight. I hope so because we're getting killed. It's just it's un-american. The Detroit Tigers have to do a better show came back from vacation. Couldn't. Somebody said John, the Yankees are finally healthy, in the big boys, come back. Judge on the edge of it. It'll be fascinating to see that is everybody. In baseball could say it's been a triumph. The Yankees have done with all the way Kent, Houston Astros, right? Yeah. That's a real series. Guy, you're gonna come with me. Where do you sick? I'm ranking to Yankee Stadium. To sit in the nose plates. Terry. The news for New York City, is my coupons. Thank you very much. President Trump heads to Florida this evening for the official kickoff of his reelection campaign about twenty thousand people are expected at the arena in Orlando for the president's rally. The campaign says they were more than one hundred thousand requests for tickets. Authorities are also gearing up for protest rallies outside the center. Orlando's police chief Orlando Rolla. Our team basically has been in communication, with those groups to make sure they understand what the boundaries are for them. But everything so far has been through a permitting process Democratic Front runner. Joe Biden is campaigning hard and South Carolina, Georgia, and Texas, the former vice president believes he can win those ruby red states, the last democrat who carry those three states together was Jimmy Carter in nineteen seventy six the Pentagon is sending an additional one thousand troops to the Middle East as tensions with Iran continued to grow over the attacks of oil, tankers officials say the deployment includes security forces and troops for additional surveillance, and intelligence gathering in the region. Global news twenty four hours a day on air and Ed tick tock on Twitter, powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries..

Lindsey president Draghi Ren Federal Reserve John President Trump New York City US Detroit Tigers Orlando Bloomberg Yankees Sweden French Galvan Twitter Yankee Stadium Lindsay Pinkus baseball Joe Biden Democratic Front Cyprus
"jp mortgage" Discussed on WRKO AM680

WRKO AM680

02:17 min | 2 years ago

"jp mortgage" Discussed on WRKO AM680

"Magazine and financial advisor magazine educating retirees on how to create financial freedom in retirement, they have three office locations with their main office on street in hingham, and satellite offices on Wyman street in Waltham. And at the coming center in Beverly to reach Jake college team at eight five five three one eight eight three eight seven and we also invite you to look them up online at Lowry financial dot com. So Jake, I know that there are financial advisers that we've talked about before. But here's what I understand. Okay. So if you have a broker and they're going to get you, some. Products. But most of their products are limited to maybe a few things. So let's say that in the secretary proprietary right in the super market in the supermarket of financial advisers products, as an independent financial adviser like yourself, you have access to all aisles all products and you're looking out for the best interest of your client. So as a result, you can help them with retirement planning, whether it's for growth protection that liquidity and income. And so you talked about how you have created this financial freedom analysis. So can't give us a breakdown of each because there's like four components to this. Right. Right. So give us a breakdown of each of those components. Yeah. And so one thing I want to add to what you just said. There about the supermarket that only can we offer more. Right. So back to, you know, proprietary, right? They have a lot of times they own the investments that they have on their they're limited to the product that they can work with and. Where we can offer anything under in the industry. Right. Not only that, but actually, I have some instruments or products that you can actually merge, a couple of together. So I can actually take Merrill, Lynch's edge index, and JP mortgage, mosaic index and actually combine them into one product. I can take fifty percent of the Merrill, edge index fifty percent of the mosaic index offered JP Morgan and bring them into one investment one product. So we could actually join them together..

financial advisor Merrill JP Morgan Jake Beverly hingham Waltham secretary Lynch fifty percent
"jp mortgage" Discussed on WAFS Biz 1190

WAFS Biz 1190

02:44 min | 2 years ago

"jp mortgage" Discussed on WAFS Biz 1190

"Time to start using it. Do you look at companies like Amazon as potentially coming into the financial services space? I know lots of people have posited, that thesis, but what else is coming along to disrupt financial services? We see financial services abroad, space, and certainly Amazon and apple are interested in payments side sites closer to commerce, which is their core. Right. They would rather earn that three percent interchange. Have some other third party earn it for them to get into say, managing on wealth is a little further afield. Maybe in between some of this every day cash management that I was talking about maybe they will play there. I think certainly the, the, the large incumbents in financial services could use some challenges, frankly, so could these large these large IT? Companies use some challengers. I think they're they're in a lot of businesses right now. Fortunately, in financial services, we have a pretty good regime of competition. Being good. Right. There's all kinds of laws around smack size of banks and competitive pricing to keep it a dynamic competitive market. You see prices continuing to go lower even in your space or is that twenty five basis points is a pretty reasonable price point. How much lower could that possibly go? If you have a competitive market, like financial services prices would generally follow to, to the cost, right? You only get real difference divergence between price and cost when you have more monopolistic areas. Now, I think one of the interesting things going on is there is a monopolistic tendency in retail banking right now, so the banks they control forty percent of retail branches opened eighty percent of accounts over the last five years. If you go back thirty years, the five biggest banks had less than ten. Percent of the total deposits. Now it's practically fifty percent. It's amazing heads. Right. How much consolidation there's been in that space, especially after the crisis said there's less and less competition and none of those banks big ones big four or five, our price leaders, none of them are actually giving customers. The best deal. The reason they're growing is because technology is becoming a bigger and bigger asset to these institutions knows who can afford to invest in it are, and I do worry about this Muller institutions, who can't make those kinds of investments. We're empowering investment advisers with the best technology, who's empowering the banks. I mean, I'm sure there's a bunch of businesses out there, but it's hard to compete with the big consolidated say, JP mortgage, and Bank of America's any of.

Amazon Bank of America apple eighty percent fifty percent forty percent three percent thirty years five years
"jp mortgage" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:26 min | 2 years ago

"jp mortgage" Discussed on Bloomberg Radio New York

"A very good money. I would step on you. I'm glad you're back. Caroline. Oh, that's great to be good morning from London. Carolina. Get and good morning from Berlin. As well. Matt Miller here. You're listening to London. Db digital radio most likely unless you're up late in California or early in New York. And you're listening siriusxm. This is Bloomberg daybreak Europe. I've very warm welcome at no time, of course, the bandage the wounds of may and June kicking off with a multi stole more tweets from President Donald Trump. We'll get into that in a moment, but let's being up to speed with the markets US dollar fell against major pays. But this morning Scotney flat at the moment, US treasury yields registered their biggest five day decline since twenty fourteen last we and that big cool from J P. Morgan seeing ten year treasury yields at one spot. Seven five percent by the end of the year, all of this, because of Taff concerns, of course, looking at S and P future. Cher's. We down half of one percents. Yeah. Exactly half of one percent this morning for futures contracts expiring in June. So there you have the pacifism to the five hundred one point three percent of fide. President Donald Trump threatening to place escalating tariffs on Mexico and this morning in Japan Japanese stocks shopping for a fourth day in a row. So the topic's for example, one point two percent Electric's telecommunications. The biggest drags the yen their little changed after eight kind to the highest in almost five months of the Japanese yen one eight spot. Eleven again gaining two tenths of one percent. But really, it's all about the bond markets this morning and this realignment the big banks making in terms of their calls for, for treasuries, and indeed the economy. Yeah. What an amazing slide in markets. It's incredible that the ten year yields come down, so far in that JP mortgage forecasts come down seventy five basis points in like two weeks. Let's get to the top stories here. China's government says it's willing to work with the US to end escalating trade war, but it blames the Trump administration for the claps in talk saying won't be pressured into concessions, Bloomberg's Karen Lee has the story from Hong Kong XI, Jinping's government released a white paper on Sunday. That said the trade conflict has not in fact, made America great again. Appropriating the American presidents famous campaign slogan, and it contended that the trade war has done serious harm to the US economy in short. But Trump's tariffs, aren't helping both countries are escalating, their dispute out of a possible meeting later this month between Trump and she at the G twenty summit in Japan. In Hong Kong, Karen Lee, Bloomberg daybreak Europe. While. Chart China is targetting FedEx, giving a hint to companies that it may blacklist to which companies may blacklist as unreliable this move is widely seen as retaliation against US curbs of wall way. Meanwhile, Trump, downplay the chance that he would impose on Australia, US ally. That's also the times reported his administration considered doing so last week when asked about the report on Sunday Trump said that the US had very strong ties with straight without directly, mentioning tariffs. The Australian.

President Donald Trump US Bloomberg Hong Kong London Europe Karen Lee Japan Matt Miller Caroline Cher President China California Berlin Taff FedEx New York Carolina
"jp mortgage" Discussed on Biz Talk Radio

Biz Talk Radio

01:35 min | 2 years ago

"jp mortgage" Discussed on Biz Talk Radio

"Fetig aren't anyway. We're going to go to phones. Eight four four seven zero seven fifty five thirty three eight four four seven seven fifty five thirty three by the way, Bank stocks very much in view today, as we watch more earnings coming out, and let me just say something about Bank stocks. We don't care much about this. We don't own any big Bank stocks, and we don't have any on our list broadly, or otherwise, but big banks J P Morgan just throwing this out there. Let's see if I had the number probably don't. But I'm gonna go from memory. That's dangerous. But so Bank J P Morgan in particular J P Morgan alone their executives in J P Morgan are selling thirty five million dollars worth of stock. That's not a good sign. That's not a good sign for JP mortgage Attica sign for the financial sector. That's something that we watch very closely tracked very closely. I subscribe to a service that gives gives me that information. So I don't do the old fashioned way. Go back and look for like I used to have two years ago. So anyway, corporate executives selling they're selling stocks are selling shares selling out why they get a few dollars for it. By the way. I put some things on the on the cell whole list by list and took some things off the bye, let's put them on the whole list. So make sure you check out the.

J P Morgan Morgan Fetig thirty five million dollars two years
"jp mortgage" Discussed on WRKO AM680

WRKO AM680

02:26 min | 2 years ago

"jp mortgage" Discussed on WRKO AM680

"Forbes magazine and financial advisor magazine educating retirees on how to create financial freedom in retirement. They have three office locations with their main office on street in hingham and satellite offices on Wyman street in Waltham and coming center in Beverly to reach Jake college team at eight five five three one eight eight three eight seven, and we also invite you to look them up online at Lowry, financial dot com. So Jake, I know that there are financial advisers that we've talked about before. But here's what I understand. Okay. So if you have a brokers or planners from Edward Stanley Morgan. And they're going to get you some products. But most of their products are limited to maybe a few things. So let's say that in the secretary proprietary in the supermarket in the supermarket of financial advisers products, the Edward Charles Morgan's of the world are limited to a few aisles as an independent financial adviser like yourself, you have access to all aisles all products, and you're looking out for the best interest of your client. So as a result, you can help them with retirement planning, whether it's for growth protection that liquidity and income, and so you talked about how you have created this financial freedom analysis. So give us a breakdown of each because there's like four components to this. Right. Right. So give us a breakdown of each of those components. Yeah. And so one thing I want to add to what you just said there about the supermarket. Not only can we offer more. Right. So you know back to. You know, the proprietary right? They have a lot of times they own the investments that they have on their their limited to the products that they can work with and where we can offer anything under in the industry. Right. Not only that. But actually, I have some instruments or products that you can actually merge a couple of together. So I can actually take Merrill, Lynch's edge index and JP mortgage mosaic index and actually combine them into one product I can take fifty percent of the Merrill edge index. Fifty percent of the mosaic index offered JP Morgan and bring them into one investment one product. So we can actually join them together..

Edward Charles Morgan financial advisor Edward Stanley Morgan JP Morgan Forbes magazine Jake JP mortgage Merrill Waltham Beverly secretary Lynch Fifty percent fifty percent
"jp mortgage" Discussed on Biz Talk Radio

Biz Talk Radio

08:28 min | 2 years ago

"jp mortgage" Discussed on Biz Talk Radio

"Click on the big banner that conviction leaders onto today's show. We've got several important things discuss the no particular order. We're going to officially we've kicked off earning season. So go through the companies that have reported and a few well-known companies that are coming out next week. So you have a good game plan for what to expect. There's hundreds of companies that are going to be reporting. So which can touch on a few of them. We'll talk about the big news from Disney, and what that means for net flicks and other live streaming acts if you will just streaming content Apsar companies Amazon is a little bit impacted with their service on going through. That death later, and then we'll talk about leading stocks the market, and that's divergences. We're seeing under the surface. Also touching Boeing and what may be happening there. And of course, the big merger of the day was Chevron with buying ABC. But all that later, but I let's actually before you even do the market wrap. You know, we should do. Let's talk about earnings. We're in the middle of earning season. Well, sorry, we're in the beginning of earning season before we get into the middle of earnings season. It's important to just stop for a second. And a bird's eye view on. What are what they mean for investors where most investors are traders just trip up in my opinion in my experience. So what happens is the market by definition. Ladies and gentlemen, is a forward looking mechanism and with that means in plain English expect what's happening next. It looks forward the problem. Most people have is that they love analyzing data. Whether it's the charts. It's the latest economic report in this case earnings, whatever the data is it tells you what already happened in. That's by definition in the past. So right away you can somewhat thrown off or you're looking focusing on the wrong thing. I'm a big fan of all data. I'm not discouraging anybody from doing anything. I want to be very clear. This is help. What helped me tremendously which I'm sharing with you? A little nugget of wisdom that I wish somebody would have told me way back when is to learn how to look forward look at the chart the only place to make money in the chart is to the right side of the less tick. That's it. Whatever happened in the past the left side of the last take is great. It's fine and dandy. The very important. I'm not discounting charts at all all I'm just saying learn how to use them looking forward because you make money is going on the right side of the chart, not the left side. So that's the first thing the second thing when you look at earnings and earnings coming out in droves. We've got today several banks we can talk about them a little bit later, but J P Morgan was up nicely all day today. After reporting numbers their Wells Fargo sticker simple for JP-morgan's JP M. Well. Fargo was down about almost three percent W F C is the ticker there after reporting numbers. So it was a good start JP mortgage getting all the headlines, but under the surface, which is my job here to go through it and help bring the things to your attention that quote, unquote, everyone else isn't really talking about. Wells was down. Of course, wells played 'cause yogish recently resigned to some other issues, they're still dealing with vay the scandal and some other shoes, but it's a fantastic company in the brand is they're they're doing their best turn things around from PR standpoint, of course, buffets shareholder, and he's still stands by them. So good enough for buffet. It's good enough for me on that note. The point that I want to drive home here. Ladies and gentlemen, is when you look at earnings. Look. How the stocks reacted numbers? Gary talks about this a lot, and it's not so much. Oh, well, the stock was earnings were up ex Pat percent down X percent, or whatever the case may be. If you study earnings studied the leading stocks meeting strongest performing stocks month after month year over year quarter of quarter. Whatever time from you want the correlation the correlation excuse me, isn't the one to one. Meaning you can have stocks that are up and up fantastic numbers up. Two hundred percent. Three hundred percent up fifty eighty one hundred percent for the year, and they've chrome yearnings. Now that doesn't mean I'm recommending people to go out and buy stocks cronies, not at all, no, shape or form. But just understand there's more than meets the eye. So when you go through earnings over the next few weeks asks what does this mean for the stock going forward can this can earnings grow because investors pay for growth, and more importantly? How what are the big money and has reacted the numbers? But what is the big investors? The big money. What are they doing forget what they're saying? What are they actually doing and the way you can see that is how the stock trades after just the first day, but the few days if not few weeks after earnings, so if you see a big gap on earnings and all of a sudden stock gets sold off and the gaps closed either the same day or few days later that tells you it's not really a good sign. Now, if you step back, and you look at a big gap after long consolidation, and it closes the upper half of the rain, heavy volume things, great all things being equal. That's probably going higher in the long-term. Now short term. Of course. It's extended back all that fun stuff. But you know, just try to think a little bit differently. When you look at our innings don't get caught up in the crowd. Don't get caught up in group think and think like everybody else the independent thinker is rewarded on Wall Street. Repeat that the independent thinker. I don't independent they can just wild thoughts. No. I mean being able to use the information better than everybody else. That's the key differentiator between great traders. And everybody else the great ones are independent thinkers, and they're able to take all of the information that we all have access to. But the us it better than everyone else. And after studying these guys and gals over and over and over again, the one thing that they have in common is they look forward. That's kind of the big message. I wanted just drive home or share with you before we get into the details and the minute show with respect the actual numbers and how stocks perform in the nitty gritty, but just high level thinking start off the show beginning earning season. So far, we've had a few big companies reported numbers delta reported a few days ago, stocks up nicely in the last week and a half or two weeks. Now, it's still in a long trading range on a weekly basis, ticker symbol, there's A L. But if it gets going here doesn't have that much more overhead resist. Since if you will you can go back, and look you've got a few high points that you wanna take out but twenty high for delta, and that's about it after that it's tough to the racist for a while. So that's a bullish pattern within a longer sideways consolidation. Short-term very extended. It's not a recommendation by anything. It's just sharing some of the thoughts that some things that I see on a day-to-day basis with you the next big one that reported this week was JP Morgan that was today that also got up nicely numbers. Also on volume stock was about five percent or about five bucks. And it's right around one hundred eleven dollars. Now, what happens here with P Morgan evaded, very well with commercial Bank and the consumer side of it. And that's good because J P Morgan has. A tremendous network and tremendous reach within the overall economy. So the presumption is what's good for the big banks good for the economy. So when you have a situation where JP Morgan gaps, gaps up nicely. That's good. But we want to continue to watch these financial over the next week or so you can have a lot of other big banks reporting and also the small regional can report as well. So wanna see how they react to the numbers? That being said Wells Fargo the one that we briefly touched on earlier had a tough day stock down about two and a half a little over two and a half percent right near forty six dollars and fifty cents right around that range. Just underperforming when you have a chance, Jim we'll take a look at W F C on a relative basis and look at the X Aleph look at the Q look at the PY look at the DIA. These are all different indices that you can follow and factors like the financials the Kiki's an ethic hundred even this talk is under performing. That's what we call poor relative strength. So you step back to want to isolate those week, the weaker stocks because you don't really wanna be in interacting with those as much as you want with strength because the strong winds continue to go, remember strength, get strength, and weakness weakness. So we're still early earning season. So far, so good. We have a few other ones we can report on the big picture here. The two big ones..

J P Morgan Wells Fargo Wells Disney delta Boeing Amazon Fargo JP M. Chevron Kiki P Morgan ABC Jim Gary yogish fifty eighty one hundred perce one hundred eleven dollars Three hundred percent
"jp mortgage" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:36 min | 2 years ago

"jp mortgage" Discussed on Bloomberg Radio New York

"TV. If you're a Bloomberg kind of person all those big banks has done on Capitol Hill facing a very different congress for maybe they would have what they would have seen a couple years ago house controlled and Maxine Waters, Fresno. That's there would be like a million cameras in front of these guys -solutely and here they are testifying before Maxine Waters committee, Michelle Davis finance reporter. She covers JP mortgage watches all the big banks along with the finance team here in New York, and they've been watching this very closely. Great top live blog. Caroline. I've been watching it very closely. So Michelle what jumps out of you. They've been a lot of talking and a lot of questions a lot of answers which out to you probably the first thing maybe this is a by observation because I do cover JP Morgan. But the first thing I observe is that, you know, starting off the day Maxine Waters made it clear that she didn't. She didn't want Jamie diamond to be. Dominating the floor. You know, he's very outspoken. He has lots of the pinions. There was a story that circulated before the hearing that said the other banks us we're going to rely lean on him to take up a lot of the time. And she said don't do that. You guys all have opinions. But for the last two hours, it really has been that diamond show, we're seeing questions targeted directly to him. And then not asked to other CEO's. Whereas in the first three hours, it was more rapid fire. You know, answer guess or know each of the banks, you know, that sort of things to be fair. He was there ten years ago. Right. If you're looking for perspective about you know, like Amore non point, right? If you're looking for someone to say, you know, what it was like, then how is how does the system. How are they working out? Are we you know in a better situation than we were ten years ago. He's the perfect person to ask. No. Yeah. That's completely valid, and I think in prepping for this, you know, he was well aware of that. And I frankly, I think he likes being, you know. The person who's out there who who has lived through this who who learned things and was able to still sear his Bank to become number one. I think we also know from watching him for many years now like Jamie Dimon, sometimes just likes to fight a little bit. Like, you know, he gets a little feisty. And we're seeing that literally right now on our screens. I mean, I'm looking at the at the Bloomberg television that need to see Jamie, you know, just getting back back and forth to an answer. And you know, it makes if you're programming this and the and the house members certainly know that they're more likely to get a sharp answer and something that will end up on a on a TV show, and that clip later, if they're asking Jimmy diamond versus say, Brian Moynihan, or maybe James Gorman exactly it it plays into the, you know, if some people on the committee wanted theatrics from this in order to keep the narrative focused on banks being too big at the he is definitely someone who can help with that. Yeah. So I am curious. You know, what's different with something like a J P Morgan than where we were ten years ago. Well, there what? Well, while more capitalized. And you know, I think regulators there are a lot. More regulators looking at them. They also, you know, have a the past and the lessons they learned from that. So that's what's different hindsight. But the capitals key one, right? So that they get into trouble. They're not necessarily gonna have to tap into the federal government. Right. Right. And you know, Gorman, I think today even praised the Volcker rule saying that changes like that actually have helped them and have, you know, eliminated the risk that they're they're doing anything that could that could hurt them. All right before we let you go. Let's not lose sight of the fact that we got seven white dudes, you know, sitting up there once again, it sounds like that came up as a question along the day, right? Yeah. Representative Al green made the observation that you know, it was seven white males looking up at him. And he asked them to believe that's dudes. Bro sky. He asked them to raise their hands. If they thought that it's likely that the CEOs of their that, they would have female or minorities, the ios in ten years, and and everyone every their hands except for Gorman. And and diamond which you know to be fair a lot of this has been retort a lot of questions they've gotten a at rhetorical. Sometimes it's hard here. So I wouldn't necessarily speculate something from that. But it is well, especially given in J P Morgan's case specifically that there are two women who had been pegged as potential successors. Marianne lake and Mary, exactly. Yeah. So interesting interesting to see all the issues that are coming to the fore compensation has been top of my we didn't even get to talk to that. When we came into our show, Michelle we saw one of the representatives like writing big numbers on the board, which I have to think had to do with pay full. Well, it's been a day of kerfuffle as we know you'll be keeping a close eye on. That's for shell Davis. She is finance reporter. She primarily covers JP Morgan part of our rockstar finance team here is there weren't any women. CEO's either go there were not your own. Yeah. No. All right. Let's get to Bob moon for some world and national headlines about Jason Carroll. Thank you, the nation's top Bank executives have been talking about what they see as the major risk factors in the world economy testifying today before the House Financial Services committee. Bloomberg's Irv Chapman is following the story on Capitol Hill and joins us live.

Maxine Waters Bloomberg James Gorman Michelle Davis JP Morgan Bank reporter CEO Jamie diamond JP mortgage Jamie Dimon New York Caroline congress J P Morgan Fresno House Financial Services commi
"jp mortgage" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:32 min | 2 years ago

"jp mortgage" Discussed on Bloomberg Radio New York

"And a half percent growth in the following three quarters which would imply that we've had a lull in the economy in the United States, but we're not expecting it to persist. But that's our baseline forecast. And the risk is that both slowing in China and slowing in Europe and relatively weak Japan. All implied that some of the global risks are a little heightened relative to what they are at other times. Joining us now is George Boras. He Salter brothers asset management director and atlas capital CIO. He joins us of myself from our studio in Melbourne, George. It's good to see you this morning. I wanted to start with bond yields and bond yield curve inversion. Of course, a major talking point amongst investors. Even if you think that the yield curve isn't necessarily a harbinger of doom of US recession. It might mean something for the wider market in the form of emerging markets. Take a look at this chart clients can pull it up on the TV. It shows that in the most recent episodes of curve inversion that will be in the dot com. Bubble in the early two thousands and right before the two thousand eight crisis. You did have a follow on impact on emerging market bonds spreads just a few months later. So my question is when you see the yield curve invert amongst US treasuries. Do you start to worry about what that means for Ian? Yes. In short. It's a signal slowing down of growth. It's a signal that puts problems into the market. However, if I can reinforce and not either simplify it's the degree of inversion that matters the most, and it's not it's not inverted enough to be hot too hot and concern with the hawk correlation of recessions. But we're a long way from that they flattening and inversions no good photography emerging market. But it comes down to the degree of inversion. I'm looking at another chart here, and our clients could pull this up on GT goes. Well, maybe what we need to be looking at is what's known as the fed model. This is a story of what has been effective barometer of where stocks are headed at circum certain circumstances, and the gap between the S and P five hundred earnings yields and the US treasury yields. And that means the relative attractiveness of stocks has improved is it is it time to step in with conviction into US equities. What's your take on that? Is to hold those other whites and erotic essay. Asset class asset allocation, of course, but you're earning your new indicators, the S and P five hundred eight very compelling versus bond yields obvious reasons, and you can pick any developed market equity boss in the world and look at the earning your, and it would reinforce it. It's very compelling to tell up the risk and to put some money into it. However, the degree of glide was slow down to so unknown, it's creating this uncertainty. But that's what it's all about. It's correcting that incentive for risk assets to go into that for the component of the S and P five hundred and the relative equity bosses without risks involved with that because this is the founder point the rally of saying in developed market equity since mid-december you cannot extract life for the rest of the year old things being equal. You gotta get about at twelve percent, title return and a lot of developed market equities. You want get that in the next three quarters. So you need to be cognizant of that you're in your dividend would be a larger contribution to equity market return between now and year end. George. I'm curious. I'm looking at the yield on the US benchmark ten-year currently drifting at two point four one percent. What do you reckon is fair value when it comes to developed market bond yields? Yeah. Given the economic momentum Medina where it's guy. Try try disruptions global growth downgrades we've been getting. That's no surprise you trying to guesstimate way. It's going to be now given the prophets in the US looks quite healthy. You have to think that in a nominal sensei. A toast, seventy five which is long from it seems reasonable given the economic pulse. Momentum in the US at the moment. However met forward forward-looking so what the fly down. So you'd say to two and a half to two seventy five would be a good nominal tenure. But that's not the case at the moment. And the concern is this lower this inversion of the yield curve and the US ten year forty Maine's refinancing in the mortgage market and US without accelerating this week next week next month, and that would obviously unintended consequences by that you in the long lower. George. How long does the curve inversion need to last to be a real concern? Because the folks at Jp mortgage say would have to be until June. Would you agree with that? Spilled onto the guy back to pass from the from the high inflation and the count soccer and low inflation for ninety one in that period. It's usually a mountain version of up to fifty basis points at Mike's at a high correlation to recession where long way from it. But you didn't inversion in up to fifty basis points twenty five to fifty and you it for three months old things being however cognizant in this world, there's demand to be buying long in regardless that a Cape. That that flatness version that we're getting a pre two thousand and seven so some complications around it. George. To get through George before us. He's the atlas capital hill and salt or brothers asset management director ticket for you on the first word headlines from around the world and cross out to Debra Debra..

United States George Boras director Europe China Melbourne fed Salter Japan Debra Debra Ian Jp mortgage CIO Mike founder Maine three quarters four one percent twelve percent
"jp mortgage" Discussed on KCRW

KCRW

03:25 min | 3 years ago

"jp mortgage" Discussed on KCRW

"Has been playing hard ball over this try to punish Britain to discourage other Member States from leaving. But the EU doesn't want to know deal Brexit either. I mean, the e you've got a ninety billion dollar trade surplus with Britain, the UK does crash out on the twenty ninth without the deal. French wine. So as German, car makers and Spanish farmers are going to be up in arms and with Germany and Italy almost certainly in recession now, France, not far behind the mess of a no deal. Brexit is is the last thing the units Stephen beard in London on Canada, an amazing geopolitical and economic day. Thank you, Steve. Thank you. Steven was talking about the pound there, and how it rose against the dollar. After the vote priced in is the Frazier looking for everybody knew may was gonna lose was selling. Or were I suppose is what you oughta say they were selling their bounds in advance of that vote. All right back here. Speaking of selling and buying J P Morgan Chase reported weaker-than-expected prophets this morning after a mixed report from CitiGroup yesterday to be clear, they both made billions of dollars. But there was a theme in both reports that is likely to be repeated throughout the week trading. Divisions of the Wall Street banks, you're showing some big declines from a year ago because it turns out trading desks all over Wall Street have had a tough quarter. Marketplace's Justin how. Explains. Why congress limited banks from certain types of risky trading after the financial crisis. But Karen Patru federal financial analytics says banks still do a lot of training for themselves. And thanks also act as traders for clients and then earned fees for doing. So when markets are shaky and trading picks up banks can rake it in in fact, trading desk revenue jumped at the beginning of two thousand eighteen when we saw some volatility, but Wells Fargo Bank analyst, Mike, mayo says, not all volunteer is created equal. Good volatility and bad volatility with there's too little. There's not much incentive to trade at there's too much people. Get scared. Mayo says trading froze up last quarter because banks trading clients found plenty of reasons to freak out. You can go down the list trade interest rate currency volatility. Brexit, e you China, Mexico, NAFTA US politics government shutdown and the stock market you had the biggest stock market decline in seven years the stock market. Wasn't the only thing hurting trading revenue. Big banks are also big issuers of corporate bonds. Hillary Kramer, chief investment officer at a and g capital says corporate bonds have not been selling. Well, it's very challenging for the banks today to make money on trading, especially banks like J P Morgan Citi group that are ridge initiators of bonds JP Morgan reported that bond trading revenue sank by sixteen percent Citigroup's Bonner revenue dropped by twenty one percent. In New York. I'm Justin how for marketplace. Weaker than expected JP mortgage profits might have been, but they still cleared seven billion American dollars the last three months of two thousand eighteen so which way do you think shares went we'll have the details when we do the numbers. From the wires this afternoon. Dateline? Washington DC.

Brexit CitiGroup Justin Britain mayo EU JP JP Morgan Morgan Chase Wells Fargo Bank Stephen beard J P Morgan Citi Frazier Washington Karen Patru Steven Steve UK
"jp mortgage" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:47 min | 3 years ago

"jp mortgage" Discussed on Bloomberg Radio New York

"Lie from the first breaking news desk. I'm Bill Maloney. Karen? Great bill. Thank you. We do. Have this headline crossing the Bloomberg FOX saying it does not intend to bid for any of the FOX regional sports networks that Disney may sell as required by the consent decree with the US department of Justice that according to a regulatory filing and that just crossing the Bloomberg. That's a Bloomberg business flash. Tom, John, Karen? Thank you. Thank you very much. Honestly, we get off topic on this program. I can't confirm. Yes. There are palm trees in Cornwall. I have no idea. How you now that Tom, and then they Will Smith writes in on Twitter and says we have them in Devon to step at Devon's next door to comb will so that's a little bit further North Sea shutdown. Brexit had. No matter how not that palm trees. My grandmother wants told she. Term racists with eighty eighty-five things on. From cornwall. So they do they have coconuts there. That's too much. Coconuts Neil Smith for listening to global Wall Street, we do that was should Essex. She looks at are you still doing Morgan Stanley? Stanley the bond the banks. But also hedge funds is well, who's not laying off John alluded JP mortgage actually doing pretty well. Is that true JP Morgan the bonuses are up, but that's given the whole year performance. The traders really blew it out of the water. But we're going to have to see what happened in the fourth quarter. It's pretty good news for J P Morgan. The bonuses are still up there still up at Morgan Stanley. Also. But you know, the fourth quarter was rocky enough that they could have been down or flat on the year really at both of those banks. But those those things are doing better than all the others by quite a margin full is a mess, and we're going to wake up to that mess next week. Just how messy watts it? Then we're gonna get told what the story is for two thousand nineteen. What's the story for the year ahead? It's completely different from last year. When all the banks were posting record profits huge benefits from tax cuts this year. We're seeing a lot of global headwinds. We have shut down right now, that's delaying IPO activity and the trade. Volatility. It's been volatile for people to actually be able to profit off of the volatility. So, you know, a little bit of volatility facilitates trading, but too much just freezes people up. So we're going to hear the story of Banville next week. So we have some felt, but it was abandoned. All should I you know, I hate Vare with a passion value at risk. I'm not going to go into it. It's a Friday, but the bottom line is they measure their institutional risk with a convoluted formula where are the Vars right now is everybody pulling in. And that's why there's no opportunity, you know, that's actually not true. Morgan Stanley has pulled in across the board. But you know, there are some quarters where you'll see Goldman having some outsized as for example. I'm looking at Deutsche Bank seven point two euros down to seven point four euros over four or five days is that the trend for sucks. I don't want you to do buyout cell. But if they have the challenges you're talking about at the margin revenues are dampened down the income statements, and they can't do the expenses quick enough to make up for those shortfalls right city group actually already said that it's ratio for the quarter is worse than people expected. So people are not really build across the board with that sad Wall Street has been really divided on the banks the stocks are way down and so any positive surprises. You know, if they were able to capitalize on trading figures if loan growth is better than expected. They can there are banks that can win next week. And only the story coming into IT, not twenty eighteen was Wall Street, totally and. United on the banks, overweight, and it just didn't deliver it into liver in any way, shape or form. Everything's bullish. Analysts said would happen in twenty thousand eighteen would be supportive of banks happened and was supportive of the bottom line. But didn't do anything for the stock price and something I've still not been convinced obvious. Why that story changes in two thousand nineteen something that really worried me. Well, how is reading all the analysts downgrades and some upgrades is how many analysts pointed to whether they be the next recession or not how are you supposed to trade on on such a very view of winter recession might hit and not all of the insights are based on the fundamentals of the banks. A lot of them are based on macro views as well. Okay. I'm looking at Bank of America. John. I didn't realize this down twenty two percent from the peak of early this year. Bank of America's just picked on them at random, then a tough year for Bank of America, especially they parted ways. To make news here. How many people they're gonna lay off? Oh, that's a good question. Right now, what we're seeing across the board is just the under performers, right? All these banks are investing in technology. So the people whose jobs can be lost to technology. Two hundred and five thousand employees Bank. They can lay out three five ten thousand people, and it's not really that much and they have cost targets. What's your number one story for next week? Besides palm trees in Devon and Cornwall. I want to know what? Goldman Sachs says about one MD they haven't said as much as people wanted them to. So where they think the charges. Stand up is what will watch foreign Goldman Sachs on Wednesday schmolly Vasic great to have you with us. You have time for next week. You're going to give it some time do Chenault he's going to be very busy. But be nice. If you could get. A lot of banker. I think city city Tuesdays where things kickoff Monday city, Monday JP-morgan's Tuesday that we got that she's scheduled for next week. Okay. Can we do some music history? Or so you understand where I'm thrilled. DJ came back.

Cornwall Morgan Stanley John Bloomberg Bank of America Goldman Sachs Tom JP Morgan Bill Maloney Karen J P Morgan US department of Justice Devon Stanley FOX Disney Banville Deutsche Bank
Jobs Report: Four Rate Hikes Now on the Table, Markets Suggest

01:15 min | 3 years ago

Jobs Report: Four Rate Hikes Now on the Table, Markets Suggest

"Wall street time strength in the employment and wage figures could fuel expectation the fed will hike rates for times but atlanta fed president brumfield pasta says he isn't concerned about slightly overshooting the two percent inflation target the trend is going in the right direction and i think we're gonna hit two percent sometime in the next quarter or two i'm actually very comfortable going above the two percent to some amount two point two two point three i don't think that's a that's a crisis of overheating necessarily atlanta fed bridget in buffalo bauch spoke exclusively to bloomberg a voting member of the fomc this year and a former jp mortgage as executive abundance being sounded out to replace deutchebanks ceo john cryan is according to people familiar with the talks recruiters contacted matt zane about the position saves is a former hedge fund trader who helped clean up j p morgan's london whale trading debacle facebook chief operating officer sheryl sandberg is speaking out about the data privacy crisis saying some advertisers have tails spending she also says her team has a long way to go to reassure customers san spoke with bloomberg's emily chang everyone wants to know the same thing which is argue protecting people's data i think the advertisers.

Bloomberg Emily Chang Chief Operating Officer Facebook London CEO Executive Brumfield Pasta President Trump Atlanta Bridget Sheryl Sandberg Matt Zane John Cryan Deutchebanks Jp Mortgage Fomc Voting Member Buffalo Bauch Two Percent