39 Burst results for "Merrill Lynch"
"merrill lynch" Discussed on KOA 850 AM
"Reach. Merrill Lynch, Pierce, Fenner and Smith incorporated registered broker dealer member s I P c. I'm John Morrissey on K Away News Radio Live everywhere on the I. Heart radio at Fox 31 pinpoint whether windy, low 20, Sonny and mid forties through the weekend. It's 33 degrees. Mayor Hancock says Denver is prepared for possible armed protests at the state Capitol starting as early as this weekend and running through the presidential inauguration. And while we expect people's First Amendment rights and peacefully assemble, we expect people do so lawfully, which endeavor means you cannot open, carry a weapon and concealed carry is only allowed if you have a permit. The mayor says the city will do all it can to stop violence as well as the destruction of property. Ah first court appearance today in federal court in Denver for cleans Keller, the former Olympic swimmer and Colorado Springs Realtor accused of being part of the U. S Capitol protest. Keller agreed to return to court for future appearances but was ordered to surrender his passport. He also has to stay in Colorado but will be allowed to see his kids in North Carolina once a month. Ah construction worker has died in a trench collapsed today in Greeley. The accident happened in a dirt trench in the 1100 block of North 35th Avenue. The man's name not released. Jefferson County Public Health says starting next week some Safeway and King Soopers pharmacies will be able to vaccinate people 70 and older Jeffco says. You may need week 2 to 6 weeks for an appointment Info available on their website Jeff Co dot us back slash covert Dash vaccine Nearly a million Americans filed for first time jobless claims last week Within the hour, President elect Joe Biden will lay out his plan to prop up the economy on Wall Street. Today, the Dow was down 69, the NASDAQ lost 16 S and P 500 dropped 14. In sports were just in that urban Meyer has been hired as the head coach of the Jacksonville Jaguars. The Nuggets will play the Warriors tonight in Denver. Our next news updated 5 30. I'm Cathy Walker on K Away News Radio. 8:50 A.m. and 94 1 have found it's a brand new year and have Earth. He's furniture is here to help you keep your resolutions. Why not? Listen to your custom playlists in a chair custom made for you Trade your old coffee table for one that doubles as a dining table. Update your sofa for one with building US people. Courts or try a new mattress..
Fresh "Merrill Lynch" from Colorado's Morning News with April Zesbaugh and Marty Lenz
"And Sports and Nuggets. They lost last night. But they may be having a bigger loss that they have to deal with, as well. We'll explain. And the drive right now with John Morrissey boys, some of those clouds of those cool conditions what he's seen on the roads. Yeah, such dreary morning drive, that's for sure. I'm not seeing a bad drive this morning, Marty and the Bedford Sports Traffic Center. I'm seeing a crowded drive South tonight. 25 heavy before Thorne Parkway down the 84th. Then it breaks loose was found by 76 load up all the way through Commerce City That really starts at 85 or the upper junction is Coming in from Henderson and brighten both sides of 2 70 a pretty slow drive and that drive on westbound I 70 is pretty crowded from 2 to 5, but I'm not seeing any big big problems. There is one crash in the cleanup stages. That would be 53rd and quote back South and Quebec was closed There. You driving the foothills? Definitely a better chance of seeing some snowflakes this morning roads her wedding boulder, with some still on the grass. You drive down South Stiller's good. This reporter sponsored by Merrill With Meryl guarded investing, You have the option to work with an advisor to low cost and minimum get started at Merrill edge dot com slash investing goals. Merrill Lynch, Pierce,.
A Conversation with Whitney Johnson
"Whitney. Welcome to the show andy. I am delighted to be here. I'm excited to to talk to you. Because i liked your book a lot. So you know some and we didn't write for sales audience per se but as a lot of very sales specific stuff in there. I thought at least maybe the lens. I read it so i can't wait to chat with you about it but one thing i wanted to ask sign. Hopefully you're well. Were recording this in the midst of the the lockdown sidano omit the formalities. But we are well for asking. I mean it's one of those questions that it used to be just a nice city but it's now a real question is a real question right. What's good and you're joining us from where we live in lexington virginia so my my husband is a professor at southern virginia university which is also near virginia military institute and washington and lee. So we're about three hours driving south west of washington dc. So is that out neuronal them. Yes yes that's our closest airport is about fifty miles away. Wow okay so having lived in big cities or served doing a little more not so rural but smaller city living. It's definitely rural. We completely disrupted ourselves. I mean why give you look outside of our window in the morning we can see deer and there are cows next door to us in fact when we very first moved here. Because we've lived in boston in manhattan in large cities when we first moved here. I remember waking up one morning. And i like hitting hitting but like you know pulling my honey honey. Turn off your phone. Because it was buzzing buzzing any turnover. And he's like those. Are the cows unbend an adjustment for us. I find one. I'm away from manhattan anywhere. I go but like my visit. My sister in wisconsin. And both my wife and i get woken up by the quiet. It's like it's too quiet and it's like wait. Why are we going every week. And you're accustomed to having the noise outside all the time that are. Do you know at some level that that it's too quiet attack keeps me up. I love that looking at by the quiet. So i was gonna ask you. Are you follow soccer fan. Because you wrote that you are going to produce a reality. Tv show about sauerland america and listeners. To show that. I'm a avid soccer fan. Oh i wish. I could say that i am. I got really excited. So this This is actually almost fifteen years ago. Now where i. I was a huge american idol. Fan in a huge. So you think you can dance fan. And and i was doing a lot of work in latin america was equity analyst. And so you know. I've been to mexico fifty times to spend a lot of my doing work a lot. American one of our companies that we followed on as equity analyst was televisa which time was basically abc cbs nbc and fox combined and again this is fifteen years ago and so we thought wait. We have an opportunity here to basically do you know. Soccer meets american idol and just got so excited about the stories of that could have produced on so while. I'm not a soccer fan per se. I am a cinderella story fan and i just thought that that could have been an amazing august show to have produced. I wanna watch for sure. So the regular listeners. Get accustomed going off on soccer stuff here. Tangents everything relates to soccer. Soccer explains the world. There was a book that wrote that. So about that so I think i read that book. Actually it was a good book. Yeah yeah so Pet the author on the show. So so we're talking about transformation personal transformation you. I've really enjoyed your book. Which you've just updated and re released disrupt yourself masterless change and speed up your learning curve. So what was the original impetus. Write the book you know. That's one of those questions that its you can answer many different ways on. But let me see. If i can streamline so that we're not here all day on you know as i just mentioned i was equity analyst. Were keep merrill lynch In a focusing on stocks in latin america like televisa so like america melville and this is back in two thousand three two thousand four. I read the book. The innovators dilemma by christian at harvard. Business school and i remember reading that book and it just was in many a transformative experience. If you will. Because i was looking at wireless at the time in every single quarter america. Mobile was beating my numbers like just every time and and telmex numbers weren't so that was the wireline company. In american mobile was the wireless i read. I read innovators dilemma. I said oh. That's what's going on. Is that wireless is disrupting wireline. And i was just fascinated. That there was a s- theory that could explain to me the world and help me understand what was happening And the more. I read that book it more i started. I think maybe just because of my own personal bent started thinking. Well how does this apply to me. Like i understand. It's explained products and services in companies in countries. But i also remember having this moment in just two thousand four. And i had just had this conversation with Someone in management saying you know what really liked to try something else. I'd like to do something else attorney. I'd like to go into management kind of laughed at me. Kind of snickered. Like ov- outs nice. That's never going to happen. And i remember coming back to that book and being you know what if i wanna do whatever it is. I think i'm meant to do which i had a very vague notion. I think many of us do I'm going to have to disrupt myself. I'm gonna have to leave wall street and go do something else.
Fresh "Merrill Lynch" from The KFBK Morning News
"The dams and all of that. It's not Russia, folks. It's China. Five twenties, the time out to the roads we go on. Let's check in with Mr Noble Morning, Brian. Good morning. This report is brought to you by Merrill Things to quiet getting around Sacramento right now, If you're super commuter headed westbound on, I 80 onto the Bay area things good all the way from West Sack to the Bay Bridge. Now on the Bay Bridge. We do have some slowing from a little before Treasure Island into the city. That's the fall out from an earlier solo vehicle accident just past Treasure Island. They've gotten that clear down to their butt back out. That created now is working its way into San Francisco. Nonetheless, you have some slowing from Treasure Island to the city itself. Also wind advisory in effect over the Bay Bridge as well. If you're getting off of I 86 80 you look great all the way across of in each of bridge right into Concord, Pleasantville in Walnut Creek. With Meryl guided investing, you have the option to work with an advisor in a low cost and minimum. Get started. Merrill edge dot com slash investing goal. Merrill Lynch Pierce, Fenner and Smith incorporated both the registered broker, dealer and investment adviser member s I. P. C traffic on the tens, every 10 minutes mornings and afternoons from the Cap Trust Traffic Center News is 93 Point wall on KFBK a nice day today with plenty of sunshine and a high of 75 to 79. Tonight mainly clear and quite cool. Low 45 to 49 sunshine mixed with clouds tomorrow High 72.
"merrill lynch" Discussed on WBZ NewsRadio 1030
"Reach. Merrill Lynch, Pierce, Fenner and Smith incorporated registered broker dealer member S I P. C. Kevin Brennan WBC's traffic on the threes. Cloudy with some sun peeking through right now, but later on tonight after dinner, we're going to start to see this snow come down. And through the overnight hours, it will be coming down at a very good clip. We're talking at times pushing two inches an hour and the winds are going to really start to kick up. A swell through the overnight hours could see Gus to 40 50 even 60 miles. Now we're right along the coast. So forecasters say we will be dealing with blizzard conditions. Poor visibility, dangerous travel through the overnight hours getting into what used to be. Morning commute. Now it looks like as we make our way through Thursday afternoon, the storm is going to make its way out. Leaving us with about a foot or so of snow in most of Massachusetts could see some locally higher amounts, especially in higher elevations Out there the Western Hills, the Berkshires, parts of southern New Hampshire, 6 to 12 inches or so on the South shore in upper Cape 3 to 6 inches on the South Coast and lower Kate because they're part of the storm will see a bit of rain and sleet, mixing in live local and fiercely independent. This is WBC news radio. Right now, in Boston, where it 29 degrees and again that sun is peeking through the clouds, But those clouds are moving in across the entire state this afternoon. Good afternoon to you on Nicole Davis. Great to be with you today. Here, the five things you need to know what 12 46 Governor Baker urging everyone to stay off the roads tonight Let the road crews do their thing.
Fresh update on "merrill lynch" discussed on Morning Drive with Casey and Elliot
"Well, what it might be the Elkridge truck head. Was that guard out objections the Barnell. Okay, now, I don't know Some kind of al some kind of hooter, huh? Let's go. Let's meet our contestants, John. And what long? Good morning, John. Good morning. Would you like to go 1st 2nd or last? Okay, left. All right. Good luck to you Hear your story story one. Proceeded to leave Congressman from Michigan is demanding that black Americans receive $1 million per family as a form of reparations. Leaves does this will finally right the wrong that enslaved quote our ancestors for over 150 years and, of course. 2018 Google help the Chinese Communist Development, social credit scoring system. The scoring system was rates China's one billion citizens based on their behavior and associations, now financial giant Merrill Lynch. Is assigning and our William environmental, social and governance score to their customers. And story number three, Almost a year after a confrontation of the Florida Mall Justice meted out a Florida woman caught on video coughing on a cancer patient. They Jacksonville appear. One store the height of the current virus pandemic has been sentenced. On Thursday, Deborah Hunter was given a sense of 30 days in jail. All right, Is it story one Receipt. Italy once a million bucks for family black reparations story to financial giant Merrill Lynch's signs New SOCIAL justice scores to rate customers and story three Florida shopper who coughed on cancer patients since 2 30 days in the slammer. Shark. What do you think of 21 for two on Kristen? Oh, no. I believe Google another big corpse involvement with the CCP. And I believe the coronavirus story about the coughing. I'm gonna say number one I want that's exactly true. Okay and John I agree with Christian. I'm gonna go with one and the reason why you didn't agree with Chuck. Uh, Well, I I knew that China has the social scoring system just sounded like something that Google would do. Okay. What do we are able to clarify that? Story number three. Got no votes. Oh, yeah. She got 30.
How To Help Professionally Successful Women Survive a Divorce With Allison Jeffereys
"Hello and welcome to another top advisor. Marketing podcast. Some of you have said to me on podcast, you know Matt. My Niche is focusing on women that's not an itch. It's fifty. One percent of the population is actually the majority of people on this planet. But today we're going to dive into how you could actually focus a lot more on women in an area that is very, very important and I believe is entirely underserved Alison. Jeffries is a divorce coach and author of a woman's guide to surviving divorce. A woman's guide to surviving divorce, she's also at the end when everybody hanging to the end because she's going to give away something that we'll have link in the show notes but and I was reading to prepare for this and if you know anybody who's been through a divorce if you've been through a divorce, it doesn't matter if you're a man or woman, you'll see yourself in these questions. She's really created this magnificent spreadsheet that will help you navigate conversations. But Allison. Let's let's start at the beginning. What do you do I mean how did you get here? Why are you? Why did you publish this book? Why did you want to become a divorce coach? Well I publish the book as a Personal Passion Project. We all go through life. Everybody has one book in them, but I think the important part of that story is, how did we get to the book? So I headed thirty five year career in the corporate world worked for Fortune One hundred companies Merrill Lynch prudential. Citigroup Wells Fargo worked in the financial sector worked in the securities area at Citigroup was. Managed a part of the country educating financial advisors on how to work with women in a group called Women Company. During that time it was in the middle of all the changes in the laws and regulations around financial advisers and tracking and documenting, and all of a sudden I had one month to take my seven and get it to continue to do my job. I did it. Couldn't believe it. But I, did it. They told me I had to take it I figured whether I failed or not. At least I'd taken it up pass. So I did have my seven had my sixty five. Loved the education of how women relate to money my degree is in psychology. So that was right up my alley really worked a lot on the difference in how women approached things how we make decisions, how we manage or don't manage our money those barriers between ourselves in money, the cultural issues, the professional issues, and all of those things that men had a hard time understanding about their women clients and why it was important to work with them. Left that career and honest to goodness. Being financial adviser with something I never wanted to do. So I. Let all that Go. I. Went Back into the corporate world in at a certain point in my life, I had a chance to stop. Rethink about what I wanted to be I. was on my second divorce. and. It was kind of one of those things where you common denominator here would be meat. So. I had to fix that become a big belieber marriage in I like men so. It was a it was self revelation process did a lot of writing. It became the book and it is a fictitious version of what a woman experiences when faced with divorce. Based on those common cultural and. thinking process. Things that are totally women. That we do. And so that's where I am. Okay. Why why should financial adviser scare? Why should insurance agents care? Why should financial adviser scare? Why is this such an important focus for people who have discussions surrounding money? Well. As you said, women are fifty one percent of the population. I don't know that math works for me the other reason it. Is More critical to financial adviser is back when I was it women company years ago we always cited that statistic that by twenty, fifteen, fifty percent of US wealth was gonNA transition into the hands of women. Well guess what it's happened. So whether women have come up with all this money through death divorce or old fashioned way we aren't it. We control a larger percentage of the investable assets in this country. But because of the cultural barriers because of the social morays that women have been raised with if we're anything over twenty five to thirty years old. We might not be managing them very effectively. And It just makes sense to me if you're a financial adviser to understand how to speak to women to get them engaged in Manning, they're managing their money.
Fresh "Merrill Lynch" from The DeMaio Report with Carl DeMaio and Lou Penrose
"Street, the Dow today lost 55 points. It's three or four. Let's check the freeways. Coco's real time traffic now. Go, go real time Traffic sponsored by Merrill South Far before J motorcycle accident blocking the left side of the freeway. You are very slow from the 54 accident. East 78 borrow just a minor back up there. South. It'll fire beginning to slow down a bit on and off from La Hoya village, strive to 2 15 with Meryl guided investor You have the option to work with an advisor at a low cost and minimum. It started at Merrill edge dot com slash investing goals. Merrill Lynch Here's better, and Smith incorporated both a registered broker, dealer and investment adviser. Member s I. P. C High marks Egon Coco's next real time Traffic update is in 10 minutes. Elbows up that in San Diego weather gonna be partly cloudy with a scary slight chance of some light showers later on the separate own or early this evening, but it shouldn't amount to much. Then.
One Of The Wildest Markets In History
"Markets in general are so different than they were exactly a week ago at this time the pace of change of what we're experiencing is almost is just completely bewildering unprecedented. It feels like so. I know what you mean but I am going to say. We're recording this. On March sixteenth. And a week ago we were limited down on S. and P. Five hundred rushers and we were limit down again this morning so Monday. Therefore we must have hit the circuit. Breakers I say that with sarcasm. This is not normal. We've hit limit down. I think like three times in the past week right and I think we've limit up at least once or twice the volatility that we're seeing is just relentless and the pace of change in life you know. Last weekend I was still out. I took my daughter to the park. Saw some friends at the park. I wasn't going inside to bars or anything like that or restaurants. This weekend I was alone I walked through some of the same neighborhoods that I walked through last weekend and to say that it would it would divide was different. Truly is truly an understatement. So many of the places that I saw people where they were still lining up just completely empty in what what would normally be busy parts of New York on a Nice pre-spring day. All I'M GONNA say is welcome to my world and I think you were warned. Having listened to me complain about this for six weeks but social distancing has been well into effect to here in Hong Kong. We've had hoarding. We've had fights over a toilet paper we've experienced at all So yeah it's kind of surreal to watch the rest of the world especially Europe and the US. Now go through what we saw in Hong Kong and China and some other parts of Asia. Just six weeks ago. Yeah Surreal to say the least it also of course creates very a rapid changes in our own. you know micro podcasting schedule because even the guests that we're talking about and that have Scheduled we're actually having to change the topics on the fly because the original plan. The original discussion suddenly doesn't feel as relevant as it did even say two weeks ago. Yeah it's been challenging scheduling thoughts episodes and I think the sheer speed with which markets have sold off is absolutely soundings are saw one Analysis from Bank of America Merrill Lynch where they were talking about how it's been the fastest bear market on record because we've had just twenty one days from the trough until we fell twenty percent that the next fastest one was back in one thousand nine hundred ninety nine. It's never that great to see twenty twenty right up against nineteen twenty nine comparative Markets Chart. But I will say one thing. That's remarkable about the current market selloff. And it really puts you in mind of of whether or not this is technically driven or at least being exacerbated by technical factors or how much of it is driven by actual fears of the economy and to me. It could go either way right if you assume that big parts of Europe and the US maybe Asia again as we got a second wave of infections are going to be shut down for the foreseeable future in clearly. That is a serious economic problem on the other hand. Some of the action that you've seen in markets these weird moves like limit up one day and then limit down the next. You sort of self reflexive do seem to indicate some sort of technical driver as well.
Morgan Stanley to Buy E-Trade, Linking Wall Street and Main Street
"Start with the big deal of the day and that Morgan Stanley buying e-trade. This is an all stock deal valued at thirteen billion dollars and this shouldn't be super surprising. I guess it when you think about the ripple effects of last year when Schwab said Yeah we're going to cut our trading commissions zero and cut to however many months later and e trades like. Yeah Yeah we'll we'll we'll let ourselves be acquired for that price yeah E. Trade has Grown into a large Large company with plenty of money in it and plenty of assets and accounts but having really built its model around take control of your finances by trading stocks and you know that that portion of the business being making money off of every single. One of those trades gone They needed Sort of the new business model to to marry up too and they found one. I was a little surprised to see right at the open this morning. Shares of Morgan Stanley. Were down like four five percent. And I just you know in in my limited analysis. I thought I I'm I'm not sure you know that's not a huge drop and it has come back up from there. Were right before the. We walked in the studio check. Maybe only down one and a half percent but it seems like a good deal for Morgan Stanley. They think they can get half a billion dollars out of quote unquote synergies over the next three years and the resulting firm is going to have three trillion dollars worth of assets. I mean their ability to use the deposits within each raid to help fund their lending operation. It seems like a good deal for Morgan Stanley. All right well up until recently The the standard movement of stocks on an acquisition would be the acquiring company went down in the acquired company went up so I think that's one thing to remember. Is that an acquirer. Having its stock go down is not all that unusual and I think. The implication from the market's initial reaction. Which as you pointed out might be more muted. As the day goes along is that this was an acquisition of assets. But maybe paid more than you had to It's it's not not a jaw-dropping price but I think Goldman Sachs has come out and and sort of promoted themselves by saying that. They built their own Funnel of similar assets or Marcus. And you know that baby Morgan Stanley is overpaying compared to you know what the market rate is for a pile of assets and the business and a platform as well the comes along with those assets but really the value seems to be that whereas e-trade people fund their accounts. They leave a certain amount of money in in cash and E. Trade pays them pretty little for that and invest that into largely mortgage-backed securities and now that spread which is pretty tight and going to remain tight in the low interest rate environment. They can bring that over to Morgan. Stanley who need assets Because they like to lend to Richer people that Will end up paying a little bit more. And our our barring the money With a little bit more risk than the more mortgage backed security market that E. Trade was getting all of its revenues from basically the the float the spread on that. You're absolutely right all of you next topic there was a I I was GonNa say you're absolutely right. That all things being equal the average deal of two public companies the acquiring company their stock drops. A little bit. I was surprised at the amount it had dropped. But you're right. No one should be surprised that it dropped a little bit. By the same token no one should be surprised the Goldman Sachs direct competitor of Morgan Stanley. Came out and said we think you overpaid for that and by the way. Here's our thing which we built ourselves. I mean no disrespect to Goldman Sachs but if they think that Marcus has a better has better visibility and name identification than e-trade. They're fooling themselves. Well there's There's about fifty billion In Marcus according to what I've read and so that's a little bit more than e-trade okay. E-trade has got the name. Recognition has got the brand but people associated with stock trading which is now free so the where the brand goes is going to be interesting Know once upon a time it was scaled around Commercials of babies trading stocks stroke. Why is there that remember? The trade baby That was a focus of the company for years and a good advertising campaign You just reminded me of the The CEO Morgan Stanley was being interviewed on CNBC this morning and it talked about. He was asked. When did you first start having these conversations with E. Trade and he said well to be perfectly honest back in two thousand and two when I was at Merrill Lynch and I was impressed and at that point I just stopped listening to what I said because I was reminded like Oh right Merrill Lynch. That was a brand that used to exist. You know to your point about E. Trade. We'll see where the brand still exists. Merrill Lynch random exists. I'M PRETTY SURE. Be Of a is methodically. Get eliminating the Merrill Lynch brand. I'm just saying it exists. You can you can go to. There are Merrill Lynch Coutts there. There are and billions of dollars there. Now that you one of the reasons for that maybe that you've got a generation that trusts the name Merrill Not that you're trying to draw new assets in surly Andrew that but you're not going to eliminate that brand as quickly as you might think because there are piles of money there that are maybe not paying close attention but alike the association that they have with with that brand. I don't think it's going away quickly. I just think it's going away and the evidence points to the fact that it's going
How Bond Defaults Are Changing China's Markets
"Years ago China didn't really have much of a corporate bond market and now it has a pretty big one both domestically typically and dollar denominated offshore bonds as well but most importantly China's corporate bond market has had a number of defaults in in recent years. And that's a really big change because historically you know it. It was kind of uncertain that the authorities in China would allow companies to default. So you can imagine joe that makes for an interesting bond. Market given that bonds are of course supposed to reflect investors perception of default risk. Yeah I remember like it was twenty fourteen or twenty fifteen the first ever Chinese bond default and I remember thinking like how is this possible support. Like how could you have the first ever bond default and I almost like thought I was misreading. The article is this idea that there had never been defaulted bond before but but obviously you know he's sort of take for granted the maturity of the US bond market US corporate bond market and then default. Even in. Good Times you know. They're they happened from time. I'm to time With low rated companies which are take for granted that not all markets are as mature and sort of market regulated the way the. US One is. Yeah totally I mean I remember. In two thousand fifteen analysts over at Bank of America Merrill Lynch they published a note that was basically a history story of Chinese corporate bond defaults in there were like two things on there It was a pretty short note as you might imagine but it raises all these interesting and questions about how do you actually develop a corporate bond market almost from scratch. And what sort of distortions or unique characteristics jurisdiction are introduced when you have a big question mark over whether or not default will be allowed and I should say one of the defining features of China's has Sort of business system as a whole is the division between private companies and state owned enterprises so. SOS's these These big state run conglomerates that are often thought to be government backed or even government-guaranteed right. Well I'm interested interested in learning more about this topic all right so we actually have the perfect guest to talk about. All of this Someone who's done a lot of academic work on exactly this topic as well as a lot of other stuff. It's June pan. She is a professor at the Shanghai. Advanced Institute of Finance at Shanghai Jiao Tong University the university so June. Thank you so much for coming on. Well thank you so much for the invitation. It's exciting to hear what Joe just Active about it topic Will be at the moment right so you actually just published a paper where you were looking at this exact. The topic specifically you're looking at whether or not spreads or risk premiums on China's Corpus actually reflect the health the financial health south of its companies. But before we dive into that I I wanted to sort of ask you a broader question about how China's financial markets it's are currently structured so corporate bonds are supposed to be market based versus these sort of traditional bank based system of lending in China. And what I mean. By market-based is investors are setting or influencing funding costs by demanding a certain level of compensation for a perceived risk. So how big a leap was it or is it for China to move from that bank based system of lending to something that incorporates more market based types of lending I would say it's It's a big leap for people like myself hawks. In a in a financial research area in the financial markets this is a very encouraging development to me that China's credit market overall the credit market to be improving. Actually the speed of the markets development was pretty impressive Over the past ten years it grew into a roughly astray turn. US dollar markets. But that's been a pretty impressive development just through the credit market law so sorry break it it down. What is the split between how much private credit is funded via something? We'd recognize the bond market versus traditional bank lending think about the ratio enough national firms in China so we have a ratio for market based that so including an upper bombs and also as a type of yawns basically market traded versus bank loans. In two thousand eight. It was about about four point six percent. Okay so only a tiny fraction As a racial to the bank loans. You know China's financial system is to you Banks dominated System not not like in the US so that number grew phone point. Six in two thousand eight to A little bit under twenty percent to the more precise nineteen percent in two thousand eighteen and much of that increment is driven by header. The the credit market right so Through your most recent papers. So you're you're taking a deep dive live into Chinese corporate bonds and you're trying to ascertain whether or not the actual spreads the risk premiums reflect something fundamental about the financial health of Chinese companies as they sort of are meant to do in more developed markets so if a company he is perceived to be at a higher risk of default. It'll have a higher spread because investors want to be compensated for that risk. Why did you decide to look into into this particular topic in the? US market is. This question has been well researched so you look at companies of different. Let's a okay Different fundamental risk in terms of default in academic. We have standard models named after Professor Bob but we called the mud let the model so in a martyr martyr. We take the balance sheet information including its leverage and also we take the firms if the firm mm-hmm is traded was publicly listed equity. We take the Equity Marketing Commission. Now one of the king for mission will be the the equity volatility so the Muslim Alderwood take those fundamental plus equity marketing. Commission has input and give you an assessment of what's the probability off default for the ball issued by this company and You can get a sense that there will be a connection between modern predicted default and the market observed credit spreads right so in the US if you take Approach of that you would see that about forty percent off. The kind of spread can be explained by fundamental. Well we take this as a starting point and we want to see whether in China we see a smaller direction in terms of fundamental mantle. I also have the firm and the credit bucket pricing off the issue and and this is our starting point before we get to how well the model works with the Chinese With the Chinese bond market. I'm curious in the US. Maybe just talk a little a little bit about the. US probably close to the sort of ideal free market or free. Bond Market is the Merton model robust enough such that one can use it to identify mis pricings or identify arbitrage opportunities between the price of Oh bond and and the price of an equity because you said forty percents. I'm sort of curious whether it's something that's mostly useful from just a pure theoretical perspective or whether it can sort of formed formed the basis for at least initially attempting to identify overvalued or undervalued bonds. Well this is a good question. I mean our financial tomatoes are always approximation. Ouster much much richer morality but this model actor has been used by practitioners. There there is You probably have heard of at it's called. Km so cam. The was a was a company that tech exactly the Merton model eh feed. The father was off a real data and the outcome is the probe the cameras just to measure which is similar to a probability of default measure. I think for those listening who've terminals at home we have a very good Function on the terminal where you can and to see a company's thought I had to plug the terminal here but you can actually. It has the Martin model and you could change some of the assumptions. And so it's very fun. You can a sort of measure in the gaps between the price of the CDs distance to default. You can play around with that very fun anyway. I didn't mean to interrupt apologize for that I was just model. It's not perfect. Even a black shows option pricing for a lot of you know demonstrations but it's a good starting point a good reference point was to stock was and it's encouraging that there is a link between the fundamental of the firm. And how it's a bonus surprised and as you move on from the US market to the to the Chinese mock. You would be surprised. Maybe not surprised to see that this onto actually should not be taken for granted as we've seen in a data
Big News for Brokerages
"Charles Schwab the largest publicly traded discount broker is reportedly in talks to buy the second largest publicly traded discount broker. Td Ameritrade this is part of an ongoing disruption in the brokerage industry. Here's here's a refresher. When trading stocks retail investors basically individuals investing for themselves and not for an organization pay a commission or fee to the broker or Ebro Grinch who completes the trade on their behalf? Of course it's not as great a deal for the investors as companies that collect those fees and have consequently faced pressure to reduce them and reduce them. They have J. P. Morgan Chase unveiled a free trading APP in August and within two months all the other major brokerages had followed suit or at least announced plans to follow suit. Td Ameritrade and Charles Schwab among them. But here's the RUB. The commission's contribute to the revenue of the brokerages who collect them and eliminating that revenue stream has worried shareholders golders. At any rate. The industry is changing. Here's Becky with today's story. Charles Schwab Corporation and talks by. Td Ameritrade and a deal could be announced as early today that move if it happens would consolidate an industry. That's been going through massive disruption calls to Schwab and td Ameritrade have not been returned but obviously the entire complex flex seems to be moving on this joining us to talk more about this as Mike Santoli and Mike. What do you think obviously blockbuster Bosox being up tells you that the market believes CBS? This area is crowded too much capacity and there's great synergies in a deal for cutting costs. I think that the going zero commissions was a sign that the the competition for retail assets had gotten to that. Also it's not just in commissions right. I mean the whole industry is going to very low fee exchange traded funds these these these kind of software based advisory services where it's a very low fee to all that stuff has been constant pressure. And I do think that you had Ameritrade take the biggest hit it really. In total market cap from Zero Commission move much more leverage to the trading business. It's been an industry. That's gotten rolled up a lot over the past decades but this this would be a real step up in that activity because you had had a bit of a low. And it's interesting you mentioned e-trade being down on each raiders vacillated about potentially being a seller being in place. It's been considered a potential target and Schwab Ameritrade obviously would be to the obvious buyers potentially coming from one of the and in fact Ameritrade typically viewed as a acquirer In fact maybe that's why some of the valuation was a little bit depressed because they just did by Scott Trade and it's unclear if they were going to continue to be a buyer. Also one interesting thing about this. This is both companies still have kind of the founder families with ownership. This is the first generation of this industry. It's never been passed down really so it's it's sort of a fascinating Joe talked about that earlier. Just about how this industry came out of nowhere. And he's going to the market together. Yeah when this company exists it's going to be ninety billion dollar company for how long how long how long are we going to beat about. I know I know but I I just think that there's a lot of it's GonNa come out of this value of three children and assets of restaurants that you can glean some kind of whatever and that's that's the day better than some I mean they would do some serious rationalization yes and there's parts of this business. I think they're culturally very different. And do you think they've gone head to head in an aggressive way to be either back end operations service of registered investment advisers which is basically the fastest growing part until the questions I'd ask are do you think that. What kind of savings do you think can really ring out of combined company like this and then in terms of is is back in technology? I think it's a marketing dollars. The Marketing Donald is going to be a big money cost of account. Acquisition is one the leading costs and technologies probably the leading costs so put them together. Combining headquarters remember. I mean. Td Ameritrade right you had td. Bought Waterhouse Ameritrade thinker Swim. There were all it was really a fragment so people know the playbook in terms of putting these companies together rationalizing trying to retain all the customers and getting the kind of picking the best operations that you have among the two companies so I do think I don't know the magnitude I haven't seen the estimates but the market is telling telling you the efficient and you think this is a response to Fintech effectively. It's a response to yeah to the to the Robin Hood. Venture capital. Subsidized is businesses. That are now pressuring these other guys to consolidate I think that's the most recent catalyst but even the development of those Robin Hoods and the Fintech businesses says just reflect the fact that retail finance has become software I mean even if you look at at Merrill Lynch what they've been doing with their human an advisory is skewing NAM upscale. And make sure you know for all of David Salomons efforts at Goldman Sachs to try to get some sticky money in there which is what then Marcus businesses all about. Why doesn't it traditional play? I'm not I'm not suggesting that go by. TD AMERITRADE and jump into this situation. But you'd think that all of these players would therefore be up for grabs for some of the classic sort of old school not beyond the realm at all right There's a huge chunk of all of the integrated brokers like Mike Marrow. Where eight is basically merrill edge it would right they call it where they kind of shunt you into a automated on a call center type right and so you know it's not incompatible with something like you know I think for Goldman Nicotine? It looked. We had the infrastructure. We have all the all the exchange memberships we had the back end. We can do ourselves into
David Rubenstein talks to Ray Dalio
"David Rudenstine sat down with Bridgewater associates co chairman and co chief investment officer ray Dalio to discuss his early life and how we got hooked on the markets so you grew up in Long Island and where you're from a wealthy family no like that was a jazz musician very lower middle class when you were a young boy were you interested in the financial world or what were you most interested in growing up when I went I got hooked on the markets when I was twelve because I used to caddy and I would take my money and I put in the in the markets and everybody was chatting about the markets so on how did you do well the first stock I bought I book because it was the only company ever heard of that was selling for less than five dollars a share and I figured I could buy more shares of went up and make more money that was my strategy her work and it worked and I have a work because this company was about to go broke and somebody came along and acquired it and it by local it went up and I said this game is easy then decided that I would be involved in the markets in this game is anything but easy so in high school were you interested in academics or were you a good student no I had at our school I did cut classes a fair amount of classes to go surfing did you have a hard time getting into a good school calling all yeah I got into CW post college on probation probation on probation okay and what he did well there I loved college okay I love college because well besides mixing the all the fun that college gives you it also when I like this and I could pick the subjects that I was interested in and I am so I look I love college right you must have done research well because you got into Harvard Business School yeah I did I got the upgrade grades when you graduated what do you do so in my two years it's a two year school in in my summer I like to trade commodities I got in trading commodities now this is down summer of seventy two and so nobody ever for more business school wanted to commodity division but I went to Merrill Lynch's commodity division I said Hey can you give me a job the director of commodities in that summer gave me a job job to help them around nineteen seventy three we have the oil shock bear market in stocks commodities is the hottest thing was hired as director of commodities at Dominic and Dominic having never done anything and the director of commodities but as part of and that's so that's what I say let out eventually though to set up your own firm yeah the so I that was seventy three seventy four big bear market in stocks are the Dominic and Dominic essentially went broke I went to what was sandy Weill's firm CBO Leo Hayden stone at the time became Shearson Hayden stone remain above the law because of our did all those mergers I became in charge of institutional commodities in other words hedging of all different things hi and that put me with all different futures markets and then we got into the environment where seventy four seventy five you got into this environment where the interest rates targus a monetary policy all of those things were driving all the markets so that got me hooked on those markets but anyway I got fired from there because I was a bit rowdy did you find someone that can share some thoughts in the face for the appointment book that's not a good way to prepare for that was but that was it was new year's eve we got drunk on new year's eve and you punish somebody other than your boss didn't think of that anyway he but it didn't last long okay okay so you have to always started the farm because I was and because the clients who want to do business what year was at the start of the firm nineteen seventy five so it grew truth from one or two employees to how many well in nineteen eighty two it was I I think there were eight employees a in here at one point and then I had a terrible eighty two so and then it came down to one employee so nineteen eighty three or so it was just me you have to borrow money from your father yep so let me tell you about the moment so nineteen eighty nineteen seventy nine eighty eighty one I calculated that American banks had lent a lot more money to emerging countries of those countries will get paid back and I anticipate that there would be a debt crisis and with that an economic crisis so that was my thinking and August nineteen eighty to Mexico defaulted on its debt and a number of countries fallout and so because I said that I got a lot of attention about that and I thought that was going to be producing a bear market in stocks and I could not have been wrong more wrong August nineteen eighty two was exact bottom the stock market and I was wrong and as a result of that let's take my employees are lied to let them go I lost money for myself on was money for and I had to borrow four thousand dollars from my dad it was the most painful one of the most painful experiences but it was one of the best experiences that ever happened to me in my life that was Bridgewater associates co chairman and co chief investment officer ray
Bank Of America Merrill Lynch, Apple And Merrill Lynch discussed on Mac OS Ken
"Didn't I start by saying there were a couple a couple of positive notes around apple last week indeed I did seeking Alpha had other glad tidings for apple late last week that side had bank of America Merrill Lynch issuing a note saying that apple saw increased APP store revenue and the recently ended June quarter according to the piece the firm sites third party data showing APP store revenue was up eighteen percent in the third quarter compared to the seventeen percent growth in the second quarter increased revenue is especially interesting given what be a Merrill Lynch Calls Material Deceleration in APP store sales for China. The firm has
Wall Street Gets Some Slack
"And guys slack making its Wall Street debut on Thursday. Now, this is not your traditional IPO direct listing. We'll talk about that a minute. The ticker symbol is W, O, R K nine work now slack for those unfamiliar is a cloud based, instant messaging type platform for the workplace we use it here, the motley fool we use it to prep for the show, so we are big users, but Andy, I want to know about the stock. What about slack as an invest? Well, it's really interesting. I it's a, it's a I think it will be a very I think it'll be very well, received IPO now as a direct listing doesn't have the support of these underwriters. It has it has Merrill, Lynch, and Morgan Stanley, and has Goldman Sachs helping to make the company go public, but it's not like they are issuing new shares. So slack is not benefiting at all their bid, they're not they're not getting any money from this and not raising capital from this. They are simply a private company one day and the public company in the next with some help with some of those, those banks and up the buyers and sellers. But the company itself is it is really come on. You just think about how we're using this to the motley fool, they have more than six hundred thousand total customers only about one hundred thousand of those are actually paying so they have about five hundred thousand who used their free solution that can get you started into slack. It's a collaborative tool. It's a workplace tool. Stewart Butterfield who founded the company who founded also flicker great name. Yes. A great name. And then he and the CTO at slack, who was also chief, who was also tech leader at flicker before it sold out to Yahoo. They had Dave co-founded slack. They're both very involved and they own a lot of stocks to Butterfield owns probably north of billion dollars worth depending on where the shares trade today, but he owns more than forty two million shares. So. It has just when you think about this push towards collaborative tools, collaborative work environments, the so-called SAS Baso software driven cloud base architecture. That's helping companies that just work better and more efficiently including the motley fool, but they have loads and loads customers. Two thirds of the fortune one hundred are slack customers MAC? So this is not just some small company, the valuation was probably around sixteen billion, and we'll see where the shares trade after today. I do think it will be a successful IPO. I think the demand for the stock will be there. Interestingly, the company is still a small company from a revenue perspective. Really maybe one hundred thirty five million dollars for the last quarter in revenue still not profitable. So we have a company trading around thirty four times trailing. But doubling the new sales are doubling the growth is there and that's what you need to see when you see a company trading at that kind of valuation. So I think it will do. Well, interestingly. You'll only probably get about half of the shares available for trading the six top institutional shareholders control about sixty percent of the stock if they're not sellers that you're not gonna see a lot of float out there. So it's going to be interesting to see how the supply and demand shakeout and that will, of course, affect the stock price and how it trades. And that's what the direct listing so fascinating MAC. Because it needs this needs the buyers and sellers as Ron often says, hey, takes to make a trade will you need the buyers and sellers. And it doesn't have the underwriters to help really facilitate that, so sorry. They will help manage it, but they're not since a company's not issuing new shares the really at the whims of the buyers and sellers. In Andy, you mentioned, the COO earlier, Stewart Butterfield. He said, in a CNBC interview that companies will phase out Email over the next five to seven years. Now. He said that the broader world of Email will stick around we'll still be around, but the companies will phase out Email over the next five to seven years. Is that what has to happen for slow? Lack to succeed. No, it doesn't have to happen. I think E mail will still have some place in there. And let's just be clear. Slackers focus really on the corporate, and the work environment. So they're not really talking about like individual usage. So, like, you know, the killer app from the text messaging Tex-Mex, gene with iphones, and Google all that kind of stuff. Right. So this is really focused on the work environment. So Email may still be around the volume of Email here at the Molly full since we've used slack, I think, has fallen by more than half, maybe even two thirds or so. So our volume of Email flow has dropped dramatically as we continue to use slack. I don't think it Email needs to vanish. And in fact, slack has a lot of the they tie into thousands of different apps, and to API she'd be able to coordinate and, and partner with different applications, including Email. So it doesn't need to happen. But I think he's probably right. The work Email flow will dramatically change over the next five years. So for someone who doesn't know much about slack who may not have it in their workplace. Win win. Are you using slack versus Email? What, what has slack replaced in terms of Email? Well in our preparation for this radio show. I was using slack, for example, and you kind of went quiet issues entering time using it, most of the time. But then he switched to Email sent me an Email. I was. A true or false you may have been late for our taping. It is. That is true. I was really only because there was no official start time. So you can't be laid if there's no starts. Let's not nitpick. Let's not w slack is at its best in my opinion when it's used for short kind of correspondence projects. No. But that's the word not for projects. I think Email is better for project has agreed. With continuing ongoing threats to live event. You have tach moments. You, you have things you want to, you know, keep for long, periods of time, maybe file into folders. I think slack is better for short bursts, like all the software applications. It's not perfect. But I think it is intermarriage improvement. I mean and by the way, there were lots of other companies try and do this Yamen, which I think was bought by maybe Microsoft, and there, there have others who have done this over the years slack had built a solution me it's only been around since two thousand fourteen I think, so they build a solution. That is integrated it is cloud. I it is really focused on helping. Improve the collaboration. So there are times, I think, Iran's, right? There are times when it's bed, and there are times when it's not, although I see it with the lot of the integrations in other software applications getting better. But I agree with Ron. We've talked a lot about this is that it's really good for like, quick, hit, little communications knowledge sharing that kind of thing if you start getting any more robust conversations at least from my experience, that's where more conversations really need to happen slacken help drive that. And by the way, there's now slack video and you can slack. Call up told really is becoming they talk about communications and collaboration money talk about slack. And that's really what they're trying to
Bank Of America, Fed And Merrill discussed on AM Tampa Bay
"Investors haven't been this bearish since the two thousand eight financial crisis, according to a Bank of America, Merrill, Lynch, survey of money, managers, the survey found cash holdings jumped by the most since the twenty eleven debt ceiling crisis, the money managers say they're worried about the trade war a possible recession. And the fact that the fed may not be able to do anything
An Interview with the Whistleblower Whisperer
"It after the financial crisis, Jordan. Thomas worked as a lawyer at the SEC the securities and Exchange Commission. That's one of the federal agencies that regulate Wall Street, and while he was there. He helped create this new whistleblower program under the program people who see banks or other companies breaking the rules can anonymously report it to the SEC. If the SEC follows the tip and winds up collecting money from the Bank, the whistle blower is eligible for an award. It's like a bounty, after the program was up and running Jordan, went into private practice helping whistleblowers bring their cases to the SEC in exchange. If his clients get paid about his firm gets a chunk of the money he's become one of the preeminent lawyers in the field. His clients have provided tips that have helped the SEC collect hundreds of millions of dollars from some of the biggest banks in the world. He told me he thinks there are a few reasons for his success. One is we're very selective. We can't contact, but on call all kinds of people. Wack jobs, Washington spiracy theories, and foxhole converts looking for get out of jail free card. Our job is to kind of figure out who the good guys are the real whistle blowers, the ones who know where the bodies and buried in the ones that can lead us to them and pretty good at that. I think the, the second thing is that were kind of and realists we understand, how things really work and are willing to use non traditional tactics gray the gray arts. If you will a good example is the SEC is not permitted to covertly record conversations. Well, I as whistle blower advocate, working with my clients can covertly record conversations in many states in the United States, including New York. Correct. And I sometimes joke that some of my clients must have been trained by massad because they have enough. Recordings of people that are that are game changers. So in the past, the SEC would have to build cases from the ground up circumstantially. Now, my clients are bringing them, you know, countless recordings of senior people talking about own doing. It doesn't get much better than that. What can you tell me about specific clients of yours? Not much our clients tend to be a senior people with a lot to lose. And actually, the number one question that was lowers come to was aboard council with is will, I lose my job. Will I be blacklisted in my career and under the SEC whistle blower program you can report anonymously? And so, you know, in many of our anonymous whistleblower cases, we will make arrangements for the to speak to the client by phone, but we will use boys changed technology to change the gender timber of the whistleblowers voice. So, so the SEC itself can't even identify the voice of the whistle blower, right? You said you can't talk about the clients. I know that you mentioned a few cases are there instances where you can talk about the case. Now, let me give you the example of J P Morgan. J P Morgan was, was telling its clients that they would objectively pick the best funds for their clients. When in fact they had a bye. Us toward picking proprietary products, in which they made more money. And sometimes those products had worst performance because they, they were able to make greater fees. And our client, along with another whistle blower, not represented by us, where able to provide evidence of that to the SEC, and the SEC was able to confirm that this is something that affected over a hundred thousand JP Morgan, clients and was stopped because of our, our client. And, and what happened to JP Morgan like what, what did they have to do as a result? They had to pay over three hundred million and Jordan's client in that case got an award of thirteen million dollars a second whistle blower, in that case represented by a different. Attorney got over thirty million dollars. Those awards were announced just a couple of months ago. That was the third biggest case in the history of the SEC's whistleblower program. The biggest award was last year in that case Merrill, Lynch got in. Trouble for misusing customer funds and three whistle blowers all represented by Jordan. Thomas were awarded a total of eighty three million dollars. Even now does Merrill, Lynch in know who the whistle blowers were who your clients were. Now they don't. Wow. The same JP Morgan if if we do if we do our job. Well, our clients can and do continue working at the organizations in which they reported even though they could buy an island, some of them like working. So they keep working. I mean not to be glib, but there is the, the like, hey Bob how you show up in a Lamborghini today. Yeah. Now, some some people don't don't show their money and. Yeah, I call them secret millionaires. You know, people who wanna was award, but choose to keep working at the same firm. Yeah, it does happen. People's relationship with their workers. In some ways, like family, after a period of time and breaking an office hard. After the break families secrets, and how Jordan Thomas became Jordan. Thomas. What was your name before? You were Jordan. Thomas, Paul Thompson. Does anybody still call you Paul? No.
China threatens retaliation as US prepares to hike tariffs
"China exports declined pretty significantly last year. They're feeling some pain and the US doesn't want to to. We don't want to have some kind of like. Stalemate where where both sides are heard. So I think from a game theory perspective some resolution and friendlier resolution than what's priced into the market is to be expected. And in that scenario, we think that the economy could actually improve in the second half, and we could actually see a rate hike. But I agree. I think a rate cut is not what we should want. Does that Woody investors? I don't know if that's the the you've be agree with you on we shouldn't want that. But the market wants forget everything else. You know, we've been wrong or that the market wants by the Mark Trump is playing this where he says if I don't get the trade deal done. I get the rate cut. That's my backstop though, the markets throw a tantrum then to fed ten percent. It's an interesting. It's an interesting way to get what you want. I mean, maybe never say never, you know, I think though that what the real driver of the economy is less about tweets, and it's more about corporations and generating earnings, and I think the one encouraging signal that I would point everyone to is that this quarter. Remember, we were all calling for an earnings recession. This quarter earnings are actually growing at two percent year over year. So things are still okay. I don't think we're at those those sort of those levels at which we really wanna panic. But, but you know, if if that's what it takes if we do need to see a ten percent correction in order for policymakers to start panicking. You know, maybe that's how the year plays out. But that means growth took place in an environment where everybody believed there would be a deal. And now we are in a place airplane or a no deal situation. Protracted negotiation is on the table. So. Yeah. Could we could see that completely embraced? Yeah. Now. Now, it's a good question. I mean, I think from an earnings perspective part of the reason that earnings were low we're low hurdle. This quarter. Is that some analysts had actually started pencilling in tariffs into twenty nine thousand nine hundred things that haven't even been decided yet? So, you know, there there was upside risks first-quarter, look, I think you're right. I think that this is sort of a do or die situation and China Europe US these are the three players that are going to be most affected three global leaders the earnings front. I think we're we're expecting positive growth. We're actually expecting a bit of an acceleration next year from two percent or three percent to seven percent next year. But in the events of a long drawn out ugly battle or full on trade war where neither side agrees. And it's know tariffs everywhere. In those situations. We would definitely revise down our earnings expectations. And you're right part of why things have been okay is that we haven't been panicking yet. Savita? Thank you. Good to see you saying you to Bank of America, Merrill, Lynch guy or love everything. She said the most interesting of the many things was the fact, I agree. I think fed rate cut would be a hate using the word, but we use them della. Terry say that was like my fingers does you know? It's like oh to the market. So I agree. I think if the fed word rates, maybe the knee-jerk is over then people say, you know, what maybe we're on more stable ground. And we thought I think that actually would be both for the market getting into some game theory for Friday. I just think that the Chinese have been very interesting in the last twenty four hours and not talking about having a gun to their head having their vice premier head to the us having some sense that maybe they're willing to make some concessions because I think any deal that they do barring something that we clearly have not heard about is a great deal for China. They are not going to let up on one belt one road made in China twenty twenty-five if you listen to US tech companies they're telling you they're running into Chinese interference.
The Science Of Being Transgender
"Know? One. What makes us the gender that we are. While science doesn't know for Shaw, we do know that a lot of this is now Janes and the best evidence. We have tells us that this is not a choice, you are the gender. And sometimes it doesn't match you genitals to if a kid says they're transgender. What should you do? Well, let you explore who they are. If they want the hair or let it grow out, that's fine. And if they're about to puberty, so the adult about puberty blockers and three if you decide to change you body with homeowners and surgery will you regret it the best evidence? We have says that very few people regret getting surgery or taking homes. There is one big risk though. And that's t Phillipi particularly for canes who go straight from puberty blockers to home owns. Still though while they might be some risks with changing body with home owns scalpels 's something much scarier is looming over transgender, folks. And that's suicide a survey of molten thirty thousand transpeople found that forty percent had attempted suicide in their lifetime. That's way, high than the general population. It's nine times higher. He's cocoa. Maya the transgender population has the highest rate of suicide attempts of in the demographic in the United States. And what we're learning. Now is that being transgender in itself doesn't seem to be bad for your mental health? Tens out what is bad via mental health is the way trans people are often treated, they get bullied kicked out of their home and attacked and the science is telling us that this mistreatment. That's the biggest problem for transgender. People. It's not homeowners or surgery. Not surprisingly when people don't get treated like garbage and makes a big difference. I think the best thing about transition was having my family and friends support me all the way through it. And having my priest from the small town, Texas, write me a letter about how brave I was and say, I was always welcome in church. Yes. Hormones are important and awesome. But in terms of like why I'm doing so? Well, and so happy is because of all the sources of support that I got. That science Fasces. Hello. I Delhi Ruben high wind high Maryland, Hello. How many citations episode is over one hundred and thirty citations a hundred and fifty and Delhi. If people wanna read way, could they citations they can find them on our website. They can find a full linked to the script yet. I really recommend. If you do have any questions you want to know more about any of the topics. We've mentioned to the script check out the citations. Thanks, guys. This episode was produced by Adelie, Aruban and Merrill, Hawn along with me. Wendy's come in and rose rimless. I'll senior producer is Caitlin story. Edited by Blythe, Terrell editorial assistant by Rebecca cling. And by the way, if you wanna Hugh more about these topic you've got to listen through bekker's podcast. It's called the Trans-Pacific Partnership podcast Trans-Pacific Partnership podcast. It's great will link shooting in the show nights. You've really gonna listen fact checking is done by Michelle, Harris, Merrill, hone and rose rim. Mix and sound design by 'em among music written by 'em among and Bobby Lord. Thanks to all of the research is we got in touch with for this episode, including Dr Jack Tobin professor and faster stilling assistant professors cement the Busa associate professor, Susan Straka. Dr Katrina cock as this professor Neil episode in Poland, Nara, professor, Michelle foresees, and professor Joan garden, and thank you to all the transports who shed this store. With us. We really really appreciate it. Plus, thanks to come and family and Joseph Lebel Wilson next week is the final episode of the season following a cold case. A man has been found dead with a stolen identity. The police don't know what to do can science save the day. I'm wendy's. In fact, you next week. Hey, Wendy hia. And you're about to how special post show extraordinary on the Mike series web producing in partnership with Cole Haan Cole Haan is the brand that champions extrordinary people who passionate about the Korea's. So recently, I met up with few of my extraordinary colleagues to talk about how passions let us to where we on now hosting podcasts in the studio. We have Eric Eddings co host the not what's up and host of startup. Lisa chow. Hello. I was especially curious about leases career pot. So I asked her a question that ended up being kind of revealing. Lisa. What would you tell you'll youngest south when you starting out your career? What are you tell my younger self? You know, it's funny because when I saw when I became a journalist I feel like I went in with my eyes wide open because I graduated and I was an applied. Math major and I had really investigated all different types of jobs to go into. I actually did forty informational interviews. Yeah. With different alumni from my college from accounting to investment banking consulting, the UN working at the State Department being a teacher just a whole range of careers. And then the journalists like connected most to. Yeah. I really liked the journalist I talked to. And then one guy was just, you know, hey, you know, I can call an editor that I worked with twenty years ago to see if you would be willing to offer you a job and he did that. And then I went up to New Hampshire. The job was at a small newspaper New Hampshire, and I never written an article basically for my college newspaper or anything like that. And I went up in interviewed with him. And he gave me the job. Yeah. What was the fest article you wrote full them? Oh, jeez. It was probably about some board meeting because I was covering six towns in New Hampshire and Maine, and the I think I probably went to a meeting and covered a traffic light. So you a debate on whether we should put a traffic light at this intersection. And it was a community that had very few traffic lights. So it was incredibly contentious. I mean, what are you thinking at that point? Yeah. No. It was crazy. I loved it. I don't know. It's just like the small gears in public discourse. It was fascinating to me. It was it was very strange. I mean, I was probably was the only Asian within a thirty mile radius. But yeah, I loved it. I loved it. It was crazy. I was just felt like I was in a foreign land. But I was just in Hampshire. So what would you tell your youngest self than I think, I would just say enjoys a ride. It's exciting. Fun. And you're gonna learn a ton. That's the thing as journalists. It's like you learn so much. It's like you have the luxury to ask any question. You want of anyone? That's crazy. It's amazing. Eric has happened to you. Somewhat at you like, wow, I get us this question. Yes. We had lavar Burton on the show, and he told us he was proud of us, and like that was probably one of best career moments of my life. And I don't know lavar Burton that will you know. I mean, I like to think we know each other now. Clearly. But to be in a situation where I get to talk to someone who I have lived up to into have that person. Not only appreciate that interaction. But also say that they're proud of your work was mind blowing. It's kind of extrordinary way, you'll passions can lead you to you more about compensation produced in partnership with called Han. Go to extraordinary on the Mike dot com. And don't forget to check out Lisa and Eric's extraordinary shows Stott up and the naught you can also finally send me on season one of this poster. That's right mole once again at extraordinary on the Mike dot com. Thanks again to our sponsor give well give well is dedicated to evaluating the most outstanding charities. So you can see where your donation will do the most good you could find give wells shortlist of top charities and rate. It's full reports at give well dot org. Thanks to our sponsor Merrill, Lynch from Lata making robots to the price of money. The Merrill Lynch perspectives podcast exports, the often, unexpected issues trends, and ideas that are shaping our world their experts, go beyond the headlines and the numbers to help. You better understand how these changes could impact you and your financial life subscribed today to the Merrill Lynch perspectives podcast.
Telecom Italia, Elliott And Luigi Gooby Tozi discussed on
"Europe. In corporate news this morning telecom Italia's decision to name Luigi Gooby Tozi. As CEO marks another victory for Elliott management. And it's pushed for a radical overhaul. The ball chose the former Merrill. Lynch Bank gets to succeed, ammos Ganesh who was ousted last week for resisting. Elliott's call for the landline network to be spun off the decision. Entrenches? Elliott's influence and undermines top Telecom Italia shareholder,
Gubitosi seen as favorite to become Telecom Italia CEO
"Sources say Telecom Italia is set to name former Merrill, Lynch spanker, give your toes Tozi as its new chief executive officer. That's after almost was ousted this week by allies of an activist shareholder people familiar with the matter. Samy ten directors for backed by Elliott management kore- on give Tozi conference call. They held
Jamie Dimon says Trump should take some credit for the strong economy
"Which began with the collapse of Leman brothers, ten years ago this weekend. Now a decade later could a Wall Street executive diamond be the next businessman to make a run for the White House. Are Rebecca Jarvis caught up with him this week in New York. Why not throw your hat in the ring, Jamie. I said as before Trump was elected now you're not gonna get a wealth and yorker elected president. Boy, he's dead well. By the way this well, wealthy New Yorker actually earned his money. Wasn't a. It wasn't a gift from daddy p. Morgan CEO, Jamie diamond taking aim at the president saying he could beat Donald
Shares of cinema chains tumble, led by AMC, on report Amazon is eyeing Landmark Theatres
"Maker and retailer. Was raised to buy from halted Argus. Research the other hand coachee down four percent the cosmetics maker lower, to, quibble of self from by at Bank of America Merrill Lynch and I should note movie theater. Chains down 'cause we reported people familiar with the. Situation telling us that Amazon dot com is in the running to buy the landmark theatres chain owned
Core inflation reading jumps the most since 2008
"Mike Mike moss and I'm. Charlie Pellett at Bloomberg world headquarters, a losing Friday and losing week a week in which the, s. and p. five. Hundred index was, in striking. Distance of a record but, stocks. Fell is Turkey's economic crisis threatened to spread Brad MacMillan is chief investment officer at Commonwealth financial network the big. Story, right now
"merrill lynch" Discussed on KSRO
"It's six forty two at k. SRO are I check of financials for the week and Steve, routers the guy to do it for Merrill Lynch in Santa Rosa top of the, morning to you Steve Same to you Pat to it was a very good week for the markets, last week we'll see what we can do this, week as an encore so far kind of a quiet session oil down more than a dollar sixty a barrel that has the energy patch trading lower but financials are higher on better than expected earnings the Dow up twelve points right. Now at twenty five thousand thirty two NASDAQ higher by two points at seventy eight hundred twenty eight bond market off a quarter of a point and gold down. A dollar at twelve hundred forty dollars I'm Steve at Merrill Lynch for k. f. r. o. for the actual news at twelve and forty two mornings on. K. SRO now we're the casserole sports update here's Larry, Olsen Olsen I'm Ted Stevens was sports the as one the first half of, the bay bridge, series yesterday. AT and. T. park besting the giants six to the giants are fourth in the NFL west but, not that far out of first place heading into the all star break San Francisco trails the, dodgers For the top slot by four games at fifty and forty eight. The debates. Are half a game back and the Rockies are within two the athletics go into the break with a fifty five and forty two record Oakland is eight games behind the first place Astros, in the AL Wes as are three games back, of the Mariners for the second AL west wildcard spot yesterday stage nine of the tour de France has called the hell of the north writers hit the cobblestone roads between Arras and ruby lots of crashes and just punishing ride defending. Champ Richie Porte crashed early in the race forcing him to drop out Kris room also took a tumble but recovered and finish the race in eighth place it. Was Greg Vanney Vermont from Belgium's BMC racing team who leads the.
"merrill lynch" Discussed on KTAR 92.3FM
"Their trading operations are for the fact that they own merrill lynch do you think that bank of america clients merrill lynch clients have results that matched the results of the bank itself and the short answer this no chance on this planet because a lot of their trading is against their clients and this is where we get back into this whole idea about is the market creating wealth there's an illusion of wealth that is created because people are paying higher prices for these marginal shares of stock and most of that is built on debt and as we've talked about in the last couple of weeks the little jenga game got our blocks stacked up people pulling the little wooden pieces out of the out of the pile one of the biggest pieces that's being removed is cheap money now they're still cheap money coming in around the world the united states is kind of leading the pack and cutting back on it but the united states is starting to do it in a pretty big way and it's not just the fed raising rates it's the fed not re buying all the bonds that are maturing that they currently own as we've talked about next year my best guess is you're probably going to have to sell about a trillion dollars more in bonds and you had to sell this year this is the us government so the question then becomes who's buying all those bonds owned by the way if we have a trade war with china i don't think they're going to really be helping us out and russia's already dumped half of the treasury's that they own there's there's a lot of things that are going to cause an increase in supply a decrease in demand for us treasuries which means that the price of the bonds goes down which means the interest rates at the federal government has to pay go up that further exacerbates the deficit which means you have to sell more bonds and you end up in this total vicious circle the point i want to make this in a market that is built on cheap money that the illusion of wealth has been created through a massive amount of debt polling out that pin is going to make a lot of people really really sad and it's gonna make a lot of people really really happy but it's only the people that understand how to make money when the market goes down and people always talk about it was a good day in the market well what does that mean for the average person that means the market went up while we have to realize is the market's going to do with the market's going to do it can keep going up it can go down we must have a strategy for either case because one of the things that you'll learn in classes when the market crashes it does not come back quickly you're looking at generally somewhere between about fifteen.
"merrill lynch" Discussed on 77WABC Radio
"Bob paine set i so bob in another realm of financial pornography this week not an article talking about how our almatar you could say we're alumnus of merrill lynch merrill lynch brokers face compensation clawbacks and military now's owned by bank of america you didn't know and bank of america has unveiled a new compensation program that punishes advisers who don't meet certain sales targets that include funneling more clients into retail bank products such as mortgage and you're telling me there's an institution that's not putting the investor i know i know it's hard to believe but they're actually going to navy disincentivize either advisors from not selling more of their own bank products as opposed to being unbiased in their advice which to me bob that's kind of a conflict of interest well that's always been the case with big firms on wall street their number one focus isn't on the client they used to say at merrill lynch declined interest comes first but you know it really comes first is the stock's performance and that's crystal clear because all the managers all the people who are in charge of making these decisions compensated by the stock and they want to see the stock grew up so they don't wanna see your portfolio wealth necessarily they wanna see their portfolio go up and unfortunately it comes at the investors expense i mean you would think these big banks they don't understand the optics of what they do i mean wells fargo every week something else you know this is so horrible if i'm sitting there is a merrill lynch bank of america client i'm gonna look for transferring my account somewhere else.
"merrill lynch" Discussed on KBNP AM 1410
"Fact that merrill lynch is tying their compensation to try to get certain behavioral out of their advisors is not something as a client you would ever want your financial advisor to do so we would never imagine if our compensation was tied to specific behavior that was not necessarily in the best interest of our clients you would never ever want to be a client of that person whether it's in a financial adviser or cpa whatever whatever profession you're talking about you never want compensation to be tied to behavior that that is sort of going against what's in the best interests of your clients and that's exactly what's happening here and it's coming down from the top and so well maybe there's no lobbying broken here like technical lobbying broken here it's just wrong and if you're a client of the one of those places you have to ask yourself why would i want you might have a financial advisor who's a great person and a good financial advisor but you do not want that person at a firm that ties one of their hands behind their back when it comes to doing the right thing for you and so this just proves that off i'd fiduciaries are not created equal and you as a client of someone need to ask and i get asked from time to time troy what are your conflicts of interest and we worked very hard to minimize our conflicts of interest and eliminated mary time so merrill lynch's doing they even know they're owned by bank of america and their employees then it'd be like us make an ingredient with the credit card company for every person we send them we get money back and the only person pay us and pay our wages and renumerated us is our clients and that's why we're fiduciaries we'll take that word very seriously but people like pass it off as blase but it's giant important if you know the saying follow the money if you look at how people are compensated it affects their behavior in a giant way wells fargo is a great example of that and so you want your you want to be the only person coming sending visors not products not their.
"merrill lynch" Discussed on BizTalk Radio
"P l a double n e r before we get to the next email which again has to do with social security we'll talk about that give you a little bit of trivia for today let's see this from a cnbc a person who is the head of the us equities strategy at bank of america merrill lynch predicted not going to ask earning i'm gonna mess it up and i don't worry about it the head of the division there if i said that right i'm sure i didn't anyway head of us equity strategy of bank of america merrill lynch predicted way back on october nights twenty sixteen the us will quote hit a recession sometime in the second half of two thousand seventeen really do you remember that recession in the second half of two thousand seventeen professor plum no it didn't happen in the second we haven't had a recession yet so we're quite a while so we keep hearing all these predictions at some point somebody's gonna you know they're they're throwing darts in the dark at some point they're going to hit the dartboard even the blind squirrel finds that once in a while and that's exactly what's going to happen so somebody is going to keep making predictions about this all the time and i'm not saying that everybody's wrong i'm not saying there's never going to be recession sure there's going to be there won't be another one win the issue when is the issue right and they keep looking at data and trying to say well this is what's going to happen that's going to happen they don't you can't take into account president future events when that you can only make a guess which is why this person who is the head of a us equity strategy at be a merrill lynch seem to look at the data i would assume and said this is what's going to happen all indicators point to it and nothing factor i think we were up every single month in two thousand seventeen on the yes they didn't tell us that they told us exactly the opposite so you gotta be careful about people making predictions and i'll guarantee you that the one person who happens to hit the dartboard in the dark and says there will be a recession on in the starting quarter three or quarter four of whatever year it is if they get it right they're going to be writing books.
"merrill lynch" Discussed on CNBC's Fast Money
"So you don't know what about jack yeah so merrill lynch with bank of america merrill lynch jason them to their us one hundred off price by herself it doesn't say anything i said i'm bombard will then i wrote other thing i wonder why you wonder why chris four and a half seventy five a number of times to dan's point so i'm on the bike camp even though i don't i don't know this jet guy either visor line selling exxon of what we want to hear from you so headed twitter right now voting our twitter poll at cnbc fast money we will reveal the results later on in the show plus personnel getting crushed this year as big point plunge more than sixty percent from its december high but one former jp morgan trader says the bottom is in he'll be here to tell us what has him so bullish much more fast money right after this welcome back to pass money bitcoin still struggling to get back to seven thousand and we're on the street is that the bitcoin bubble is actually verse sing office on he's got the details on the nyse bob lobe elissa bank of america's chief investment strategist michael hartnett you'll know him has been getting some attention in the last day or so for this chart take a look here lot going on supplying bitcoin should join the list of the greatest asset price bubbles in history including the dutch tulip bubble the mississippi company and south sea company in the eighteenth century gold in the nineteen seventies the stock market rally in twenty nine just look at the chart here bitcoin appears to be the biggest bubble of them all that's the high one at its highest level it was nearly sixty times the value of three years ago now the tool of paint mania by the way that was at its height and the sixteenth thirties that was only forty times higher than three years before the mississippi company that was formed as a monopoly when the french controlled louisiana and the southern.
"merrill lynch" Discussed on KARN 102.9
"It was no accident that the brady requirement and materiality was committed from the professional responsibility rule anyway this obvious understanding the key difference between brady and the rule i'm not trying to get in the weeds to confuse people and just trying to you know weisman does andrew weissmann and support at the time chief white house counsel catherine room lower did not make the required disclosures to enron there's no doubt that the information they withheld was known to them the enron task force prosecuting merrill lynch executives in the nigerian barges case said actually yellow highlighted statements of key witnesses they knew were favorable to the defense and then head the yellow highlighted evidence from the defendants new prosecutors disclosed it accidentally sixyear late six years later so really talking about merrill lynch which was indicted in this case and it was an outrageous indictment against merrill lynch where they tried to tie them into enron and they highlight the statements a key witnesses they knew were favorable to the defense and then they hit the highlights that was long after four executives from merrill lynch who had committed no crime spent a year in prison whitesman and his team continued to conceal the evidence weisman resigned from the enron task force amid allegations of prosecutorial misconduct during the broadband part of the enron saga he was also the driving force behind the.
"merrill lynch" Discussed on KFI AM 640
"Most consumers would believe that if i've hired a cfp i've hired a fiduciary i don't think most consumers would realize that that cfp isn't required to be a fiduciary when selling vestments and a fascinating thing is that most cfp's i thank you told me if i'm right or wrong work in brokerage firms or insurance companies or banks they're actually eighty thousand cfp's in the country today and yes tens of thousands of them work in brokerage firms lake ameriprise merrill lynch they have thousands of their advisors or see if peace correct in those two firms right it's only because of the cfp rule that says when you're doing planning when you're calculating financial projections for example that's when you've got act in the client's best interest but after you've done the planning and now you're recommending investments are insurance you don't have to act in the client's best interest so do you think everyone's confused enough as it is that's really the biggest part of the problem is people are confused there is no clear line in the sand and that's what the cfp board is attempting to fix and to basically say to consumers you don't have to worry which hat is the guy wearing is the acting as a fiduciary now because he was twenty minutes ago but now the conversation shifted from my retirement projections over to my mutual fund picks and he was a fiduciary a few minutes ago but now suddenly he's not now he's acting like a stockbroker recommending mutual funds to me and he's not acting as a fiduciary anymore but i didn't know that he stopped because i didn't realize that sometimes he is and sometimes he isn't which was a similar problem with the do l standard the do l fiduciary rule because that applied only to ira's so have you have a joint account no he's not a fiduciary but when you start talking about the ira account yes he is a fiduciary that's right and so the safety board is basically saying enough of this nonsense we're just gonna make it across the board regardless of who you are regardless of where you work regardless of what you're talking about if you're a certified financial planner you have to act in the client's best interest at all times and that's the.
"merrill lynch" Discussed on Progressive Talk 1350 AM
"Dealer will last month the brokerdealer to all advisors from talking about pick cornyn recommending bitcoin wow even even stocks related to bitcoin now how many advisers are under this brokerdealer that they were able to put a sixteen seventeen thousand mike guts is the largest single largest independent brokerdealer in america i mean you could view could find out what it i mean most of them most pretty much every broker dealer has come out in the past two months and his band merrill lynch came out in banned if mother advisers their product fifteen sixteen 16000 what is going on there and like why is there some sort of plot by the banks to do this what is your speculation as to why don't you though without giving names of who i mean similar cases they're easily stockman figure out where where it was at by the two of the letters in the name or p nl accuses the merger of two companies and epa now at the company that was that was a brokerdealer stood for private ledger so if you want to figure out what bitcoin is at its heart is amply hollioake ledger that it is literally going to disrupt all the financial middlemen are going to be displaced centers geared as they are absolutely scared they have no idea and and the other reason is there's probably a lot of you've got to really managed to the lowest common denominator so he knew you could have some renegade advisers out there people who have no idea what bitcoin is but they heard it went up uh you know you know ten thousand percent or whatever and so then they're going to just pour money into an so they're afraid of people not knowing what it is and but guess what i'm allowed to invest in all sorts of crazy stuff i could have put money into that each end that loss ninety percent last week who are i mean i didn't i was on ernie show two weeks ago said before that happens sing that's the worst thing you can do is less clear about that but.
"merrill lynch" Discussed on KSFO-AM
"It's so great because bernie wyss appro he could never have persuaded two retired chairman of merrill lynch a retired ceos merrill lynch the retired chairman of morgan stanley uh the famous economist of solomon brothers he never could have persuaded those people to buy into what we think of as the classic ponzi right it's not a get rich quick no i'm never was and he was just us conservative give steady not volatile investment it was sort of like the hedge fund world's money market front man area was liquid far more liquid than most hedge funds were on and that of course was its undoing because when the financial crisis hit in two thousand eight um lots of other lots of his biggest investors had to pull money out not because they thought he was a fraud but because it was the most liquid asset they had so all those redemptions come in and then he does does not have the money to cover them when you first when in to start the interview process with him did you think the kids were guilty did you have an opinion i did have an opinion and uh and it the answer was emphatically no really well i look at the circumstances on your both of his sons were represented by a single attorney that raised eyebrows immediately among my friends in the defence bar because they said well you have if those two men have any criminal liability they need separate augurs they need separate council because the best deal for one of them might be to roll over on the other one a hottest to testify against his brother which would of course just amplify the shakespearean tragedy here but that didn't happen they didn't get separate council they continued to be represented by this same lawyer so that gave you something you had to explain away and i could never explain of the way um also might as i became more convinced for my research and this is before i interviewed uh made off as i became more condensed from my research that this fraud was much older than he was claiming that he had gone back at least eight to ten years earlier than he claimed well his sons were in high school yet it doesn't make junior high so how did.
"merrill lynch" Discussed on Bloomberg Radio New York
"Bank of america merrill lynch giving you the power to trade smarter through the actionable insights and advanced analytics of trader instincts that's the power of global connections merrill lynch pierce fenner smith incorporated member sipc global news 24 hours a day powered by more than twenty seven hundred journalists and analysts in more than 120 countries i'm susanna palmer this is bloomberg this is bloomberg law i'm june grown slid thirty five minutes past the hour special counsel robert muller's investigation into russian meddling in the us taking a new term with a star witness cooperating trump's former national security advisor michael flynn joining me as someone who knows about the investigations of special counsel's robert ray former whitewater independent counsel in federal prosecutor and a partner a thompson and night wherever you know like no one else you can share robert muller as a concerns with this how is it to have an investigation like this to be leading an investigation like this where you know your every move is going to be analysed over and over there's no question that you're trying to do the job of a professional prosecutor who we you know with the benefit of a of a substantial career before him to do what prosecutors do which is to conduct an investigation gathered facts and make an independent judgement about whether those facts warrant prosecutions non he's obviously brought them we've seen the the fruit of that already the most recent example of being the guilty plea by general flynn to a federal false statements charge and significantly that it was pursuant to a cooperation agreement meaning that bob muller must have some sense of where he thinks this witness will take the investigation we don't know but obviously he has some idea of where this may may lead many analysts source seeing this as a turning point in the investigation that muller is now going toward obstruction of justice charges do you read that into this not necessarily i mean one of the striking things to me about the guilty pleas that were it was only to a single false statements charge which you know is significant it's still a federal felony by ordinarily with regard to a guilty plea by cooperating defendant you would expect the defendant to be required to.
"merrill lynch" Discussed on KARN 102.9
"With your which company uh you know um i'm ed principle merrill lynch i've got ability uh maybe another one dr has okay okay uh are you managing your own money or you working with a broker lobbed hat oh so those are through the on companies huh merrill lynch principal accounts are reia okay so what i would say is this on in the accounts i would want an allocation for someone in your situation that looked about sixty percent stocks forty percent safe for stuff that could be bonds that could be cash okay brian so when you look at the target date fund you have to actually poke into that allocation and look every single company has a has a different allocation for its target date fun so for example you might look at the fidelity target date fund and it looks like your 8020 eighty percent stocks twenty percent bonds but you might look at merrill lynch one and it's sixty forty so i know it's a kind of the neck but you really should look at it and what i i would suggest is that you should be in these funds that are more sixty forty alternatively you can get rid of all these target date funds and just say i'm gonna take a stock index fund and abondoned decks fund and call it a day and that and use that and have sixty percent stock and forty percent bond or cash and uh and and if you had that kind of allocation or even if you like a little more risk 65 35 and you did that right now you would basically say i am trying to defend against something really bad happening here's the asterisk i don't think you have to change that allocation even if the market were to crash i think that that could be an allocation that would take you through market go market's going higher but also going lower and i wouldn't necessarily feel like you have the time to give back in because in essence what i would i am seeing here jeff is a new in your wife have done an amazing job of accumulating assets you've fact accumulated the assets you need you don't even need to do any more which you need to do is to actually protect those assets on the downside you wanna protect which you worked so hard to accumulate and to save and if.
"merrill lynch" Discussed on WJR 760
"Go studied theology and for counselling for a professional path which is interesting now as we look back that that psychology interested counseling interest emerged again six or so years after college undergraduate college so that's what sent me down that path of studying theology footer for my own on spiritual and faith journey but the counseling degree for eventual work one that ball got rolling i decided to go on for the phd in family systems which tied back to what i was mentioned earlier about my family heritage is embedded in embedded into me both in word and indeed the importance of family especially in my case a very large extended family and i chose to study family system and pursued my phd in family system so looking back it all has come together i think that's one of the things i love about the name of your show anything is possible i wasn't smart enough to put those pieces together but i did looking back continued to move forward and trust that the process entrusted god would tie things together and that's where we are today you had a very successful chapter with an iconic business name on wall street the firm merrill lynch tell us about merrill lynch when i was um my phd course work i at the time i was also doing some sports psychology with the the athletes at the university world through my phd and had interned and brought in the new york giants to help us do our salo's trainer to do some of the sports psychology with the athletes and at that point between with a sports psychology pretty much finishing off m all my course work i started to consider going back to financial services and at that time i was looking in the employment section of the new york times and they have this position inside a merrill lynch to be part of this internal insulting and training group at merrill lynch take a long story short i applied got the position and in 1997 join merrill lynch and the group inside of merrill lynch primary focus was to help the financial advisor or the private woke adviser successfully grow.
"merrill lynch" Discussed on Bloomberg Radio New York
"Know wouldn't look from homeowners turning their homes into hotels to streaming video services cutting the came to half a billion smartphones and indian turning into shopping see without his of c but uncovering one of his may know bank of america merrill lynch tom who who research five years merrill lynch pierce fenner smith incorporated news about mergers and acquisitions can make or break a company's stock price like little elf that's what makes bloomberg's deal of the week podcast essential listening for anyone curious about the biggest issues in the emini loud it's alex sherman has tackled everything from uber's deal with china's didi to the sale of gawker media and why no one seems able to buy hershey find it on the bloomberg terminal bloombergcom itunes soundcloud and whatever app you use to browse podcasts thanks for dinner alex this place is really grace it was the least i can do i wanted to congratulate you on the merger if you don't mind me asking how'd you managed to get the deal done so quickly honestly i couldn't have done it without marks pan marks panic that you're counting firm right yes they help us manage the entire transaction and developed a crossborder attack strategy that was aligned with our objectives we considered acquiring an overseas company but there are so many complexities and regulations marks panicked handle all of that force and more they really are the best we've partnered with them for years you know i think marks panic can help us to i'm going to have to take you on to dinner more often beacon say that again whether you're a us.
"merrill lynch" Discussed on Bloomberg Radio New York
"From homeowners turning their homes into hotels to streaming video services cutting the game a half a billion smartphones medium turning into shopping carts seeing what others of see but uncovering what others may now bank of america merrill lynch global research for five years merrill lynch pierce fenner smith incorporated a com wait the bloomberg urban report i'm donna bell thick blanket thank the disappearing from some big banks on wall street after pledging for years to boost diversity the number of blank says some of the big banks is going in reverse at jp morgan chase city grouping goldman sachs the percentage of senior blank executives and managers fell over the past five years according to data compiled by bloomberg they make up no more than two point six percent of top positions that those three banks lowered than across corporate america with a percentage at slightly higher now out of the six largest banks that showed improvement in the upper ranks of bank of america the number of blank exects rose to three point seven percent morgan stanley reported a slight improvement but the biggest jump was that wells fargo where black execs were eight percent last year up from two percent in 2012 that's your bloomberg urban report i'm donna wilson the following is a commercial message this segment is brought to you by carbonite think about how much your business depends on computers and servers and how helpless you'd be without them now imagine logging on one day to see a ransom i note onscreen hackers have encrypted your system and they're demanding that you pay for access to your own data outrageous right but it happens to businesses like.