35 Burst results for "Morgan Chase"
OnlyFans Reverses Course on Porn Ban
"An abrupt reversal. only fans has suspended. Its october first policy. Change which would have banned porn on the platform after securing when it calls assurances and aims to provide a home for all creators. it's words so j. k. i guess or as the dr patel twitter account snark only fans decided not to ban porn after realizing the company would be bankrupt without it and quote or as austin reef tweeted. This could have been the marketing stunt of the year. Quoting business insider. Thank you to everyone for making your voices heard only fan said in a statement wednesday we have secured assurances necessary to support our diverse creator community and have suspended the planned october. First policy change only fans stands for inclusion and we will continue to provide a home for all craters it added. The company had planned to ban the content starting october first and only fans representatives said. The change was planned to quote comply with the request of our banking partners and payment providers. End quote sex workers had told business insider that they were quote angry and confused by the change. They're giving us less than two months. Notice to find a new platform to move all our fans to in an attempt to just survive and keep paying rent. A sex worker named nat cole told insider ceo. Tim stokely had told the financial times that the banks be. Ny mellon jp. Morgan chase and metro bank created what he called. Unfair obstacles to pay craters because of only fans association with sex work. So coakley said in an interview. Tuesday that j. p. morgan chase was quote particularly aggressive inclosing accounts of sex workers or quote any business that supports sex workers and
Joe Biden Reportedly Hosting Cybersecurity Meeting With Tech CEOs
"Cook is going to washington once again. He's joining you on musk. They will not have a single conversation. Never see A few apple's tim cook microsoft sachin. Adela the New guy andy. Jesse from amazon apparently will be going to the white house on wednesday to disc- discuss improving cybersecurity. Sure you wanna per cybersecurity get these. Ceo's from these companies a sitting around a table coming up with new strategies. They do nothing but a ask them to stop. Just ask them to stop. Yeah i mean. I you know it's a it's a photo op they'll They'll also be ibm sending Ceo southern company. J. p. morgan chase and company thing. That's terrifying people. These days is
Elizabeth Warren, JPMorgan CEO Spar Over Overdraft Fees at Senate Hearing
"Senate Banking Committee heard from CEOs of the sixth largest American banks. They were pressed about boosting lending, raising wages and diversifying stuff. Massachusetts Senator Elizabeth Warren noted the JP Morgan Chase made almost $1.5 billion from overdraft last year. She pressed JP moving Jamie Diamond and called him quote the start of the overdraft show. So here's the thing. You and your colleagues come in today to talk about how you stepped up and took care of customers during the pandemic, and it's a bunch of baloney. In fact, it's about $4 billion worth of baloney, but you could fix that right now. FBI See, reports said banks thrive through the pandemic. The industry generated a record $76.8 billion in profits during the first quarter. Democrats wonder why more of that money isn't going to middle class and low income families. They look for more answers. Tomorrow is all street, Sears testified before the House Financial Services Committee. It
Bank Earnings Blow Past Expectations
"Goldman sachs reported net revenues for the first quarter of this year that we're about five billion dollars higher than expected. Jp morgan chases revenues beat expectations by about three billion dollars. Goldman's investment banking and trading businesses surged. J. morgan was able to release billions of dollars. It had set aside for loan
Fed tightens bank capital requirements
"Change for banks. I'm nova safa with the marketplace minute. Since last april the federal reserve has allowed banks to keep a little less in reserves than they would otherwise have to the idea was to encourage lending and the purchases of government bonds at a time when the economy needed the boost now the federal reserve says the rule exemption it had implemented to allow for. This will end. Starting in april banks will be back to the old rules. Fed officials savings have plenty of capital. And they're not worried but analysts say there's a risk of disruptions in the bond market. The news sent bank stocks tumbling today. Shares of j. P. morgan chase bank of america wells fargo and citigroup where each down several percent. Meanwhile
Bank Stock Rally Shows Few Signs of Faltering
"Other moving higher, Nathan and considering bond yields arising as well. That's not exactly a surprise. You know, it's all about the Federal Reserve's decision to uphold their near zero interest rate policy and to keep buying bonds at their latest meeting, which concluded yesterday. You know you got Bank of America Shares up about 2% in early trading city Group up 1.5% JP Morgan Chase up 2% and Wells Fargo higher by more than 1% alphabet. Though Dan one half percent, its main unit, Google will have to face a lawsuit that accuses the company of illegally collecting data from users of its chrome browser after they opted out. US judge denied Google's initial request to throw out the case. We just got that news just this
How the pandemic is affecting states unequally
"Of the characteristics of this virus economy as we have said on this program. I cannot tell you how many times is how uneven its effects have been on people black and brown and low income. Americans do in way worse in health and jobs and just getting by than whiter and wealthier populations are uncomfortable. As to how they're doing depends on what industry they're in and on states some of which have been really hit by this pandemic less revenue from income and sales taxes and higher virus expenses and some of which states that is doing all right so as the senate takes up. President biden's relief bill this week. And it's three hundred and fifty billion dollars in aid to state and local governments marketplace's mitchell hartman starts us off with a tale of several states. The pandemic recession has delta significant blow to tax collections. State revenues were down by nearly two percent from december. Last year overall. All but according to the urban brookings tax policy center tax revenues actually increased in twenty two states. This disparity has a lot to do with the mix of jobs in layoffs in a state. Says carl davis at the institute on taxation and economic policy so many lower income people have been laid off higher income. People have been much more likely to keep their jobs so tax. Revenues are down by double digits in states with lots of low-wage tourism jobs in hotels bars and restaurants florida and but states with more jobs that can be done from home at higher wages. Like in high tech and professional services are faring better. Washington's one example thinks in part to folks like darby megan of spokane he's a manager for tech startup. his wife's an accountant for an architecture firm. They're both working from home. We've maintained our salaries and that's been huge blessing. Haven't had to take a step back hours or anything. Like that with the stimulus checks. That was a nice little bonus. The couple owns a home. That's gone up in value. So they're paying more property tax but they've improved their overall balance sheet. We've been able to save significantly more right. We're not eating out as much and they made one really big purchase. A new van built into an rv. So we've sort of taken some of our vacation money that you budget and instead may domestic vacation mobile now not every high earner has come through the pandemic recession unscathed. Fiona greek at the g. P. morgan chase institute has been tracking household checking balances. There are some high income families that have seen cuts in their income cuts in their salaries but most of seeing their bank balances and assets grow and she says one reason is the booming stock market the broader trend. There's the growth and wealth. We see a lot of families transferring money into brokerage accounts to take advantage of those games but some states are missing out on taxing. Those income gains at the top. Says carl davis at the institute on taxation and economic policy. He points to nevada heavily dependent on tourism dollars revenue down about twelve percent where there is no broad based income tax. You're leaning a lot on sales taxes. Regressive taxes in general. Your revenues aren't going to do quite as well as progressive taxes at a time. Like this of just soaring income inequality contrast that with california that's opted for a more progressive mix leaning a bit more on the income tax most states do with higher top income tax rates on top earners. Especially that's staring a whole lot. Better with revenues up around two percent since the pandemic started. That's helped a good bit by silicon valley which attracted v and his family from texas. So i'm a software engineer. I was in iran for about four and a half years. And then during the pandemic My wife connor fulltime opportunity and bay area so we moved. He says silicon valley employers are hiring. Like there's no tomorrow. There were plenty of opportunities in the to offers in my hand. Some states are now considering hiking taxes on top earners to boost revenues and fund recovery from the pandemic including new york. Minnesota connecticut rhode island and
Why Biden's economic team would rather go too big on COVID-19 relief
"What is going to happen in this economy. Prison biden treasury secretary yelling and a couple of big name. Ceo's including j p morgan's jimmy diamond and sonia singapore from gap had confab in the oval office. Today the president's economic relief plan of course was the topic at hand. Barabra morty is the deputy director of the national economic council at the white house. Welcome to the program. Thanks for having me. Let's start with the news of the day shall we. The meeting in the oval office today between president biden. Insects are yelling and some big business. Ceo's the head of the chamber of commerce was there jamie diamond from j. p. morgan chase. What is the president trying to do getting big business lined up behind him and this relief plant. Well i think that he is looking for their support for the bill and for their knowledge that we need to go big in this moment. I think what the president is hearing from. His top economic advisers is that We are at a precarious moment. Just last week. The jobs report came out and showed that job. Growth is really stalling in america. Even though we're about ten million jobs short of where we were pre pandemic and so. I'm secretary yellen down to his other economic advisers. There is a uniform belief that we need to go. We need to fundamentally alter the trajectory of the recovery and we need to make sure that we're putting money behind putting a vaccine people's arms because the fastest way to get the economy. Moving again is to make sure that we be cooked. Totally agree with the vaccine being this economy right now. I cannot and will not argue with that. But i do want to ask you about this idea of going big as you know. There are some consternation by some that may be one point. Nine trillion dollars is too much that it is in fact more than the economy needs given where for example. The congressional budget office says. We're going to be this summer Where'd you get one point nine trillion dollars and is that too much. I know we don't believe it's too much. And so i wanna talk a little bit about the process by which the president and his team put this package together. I would describe it as a bottom up process so for example there are nearly seven million americans who are behind on their rent an at risk of addiction. We need to provide rental assistance. Those people in the package provides the match rental assistance needed to make sure we keep them in their homes from secretary yell and two other top economic advisors. You is your an asymmetric risks situation. And by that. I mean the risks of going to small with this package far outweigh the risks of going too big so we add that all up. I think the president is very comfortable with the size of the american rescue plan. And i think the american people agree with him. Because there's something like seventy percents support for the package. Let's talk about the the flip side of of going through small which is the concern. The president has one of the concerns about going to big is that there may be some inflation coming in this economy with so much money coming in so soon with the pent up demand. That is sure to happen. Once people can go out and spend and travel and and enjoy life again Are you not worried about that. Well a group monitoring all sorts of different risks to economy and secretary yellen and and others have made clear that they are carefully monitoring the risks of inflation issue. Is that if you do too. Little means that people are going to go hungry. It means that people are going to be booted out of their homes in the middle of pandemic and those are just not acceptable outcomes to the president and look. We are far below the feds inflation target and have been for a very very long time and not to get too wonky owner. I think that the chair powell and others have said the goal is actually to increase in play shen to get closer to that two percent target that they have were. We're a long ways off. I i wonder how Given the the makeup of of the president's economic team many of whom were around in two thousand eight and two thousand nine how scarred people are by the prospect of going to small with a relief. Bill well i can't speak for others and i was not personally there in two thousand and eight thousand nine but i do think that there is a an assessment of the latest and best economic evidence. You look at a where interest rates have been how they have been low extended period of time and you weigh You costs and the risks of adding to the deficit. And i think it very clearly comes out in favour of going big me pick up on something you just said because it struck me when the president said something similar a number of weeks ago that He is he is taking a page from the republicans. Playbook saying look we have to borrow. We have to do deficit spending. It doesn't matter how we pay for it. And i i. Maybe you don't know this. Maybe weren't in those conversations but how did he come around to. You know what we're going to borrow the money the heck with it again. He and his team have been Deep into the economic evidence. And i think over the last five or ten years yet. Economic evidence in support of more robust deficit financing particularly for a temporary emergency measures such as. This one is pretty airtight. The president has been clear that when it comes to permanent changes in policy in other words policy that involves spending each and every year for the foreseeable future that he does think that that should be offset with new tax increases on the wealthy and on big corporations so again i think that is a view that is backed up by the best economic evans
Zuckerberg part of $100M ‘California Black Freedom Fund’
"Organizations and corporations have launched the California Black Freedom Fund. It is a five year $100 Million initiative that the group says will provide resource is too black lead organizations in the state aiming to eradicate systemic racism. 25 thunders include philanthropic groups of Facebook CEO Mark Zuckerberg and his wife, Priscilla Chan. Philanthropist Lorien Powell Jobs as well as JP Morgan Chase. The group says the fund aims to address what they call the history of under investment in black lead organizations. Report
"morgan chase" Discussed on KTAR 92.3FM
"Paulson did this back in 2008 with the you know with the mortgage crisis but is a predicted the mortgage crisis. If anybody's seen that movie, the big short that Paulson's the guy in that movie and he took he took a lot of loss. It will not lost. He was very negative until finally the market fell. So even though he did not pick it, and immediately turned around and took some heat for quite some time now, it worked out for him. Profit of a billion dollars and that's nice. Yeah. But his his prediction was correct. Eventually not right up front. So you know, prediction that everything is going to go down. Is it going to go down? Yes. I can predict that. Why? Because for every up there is a down eventually, huh? No, actually, eventually. So now, the real question is. Are we on a bubble? Well, that's something that we want to talk through. Maybe in the next segment right now what I want to talk about, though. Is that we had some other early other quarterly's and we've been talking in this show a lot about about what's going to happen with these next quarterly's, and last week, I said that the banks were going to predict what was going on. Okay, before we get into that I do want to say that again. When we talk about this, we're talking about trends and methodologies. And if you don't understand the methodologies, and if you don't understand the tools that we're using In order to take advantage of some of this. Then you're not some of this might not make sense in the way that you have traditionally been trading or with your methodology. If you have one. Or your strategy if you have one, the way you just understand the market? Yeah, the way you understand the market, so to understand that a little bit better come into one of our One of our classes. It's it's complimentary class. It's free. Three hours on give us a call at 84 48 trader. That's 844887. 2337 give us call. Get signed up. It's three hours and you'll understand that what we're talking about a lot better and it will make sense in the context that we're talking about it as well. Okay, We've got three locations. Scott Still Chandler, Peoria, Large classrooms will make everybody comfortable and Keep everybody safe and hydrated and stuff like that. All right, so come out enjoy one of those classes. Um, And then this will. This will make a lot more sense. All right, But let's let's go to the banks really fast, Okay? We saw many of the banks put out their quarterly's and three of them that we wanted to watch to predict. What was what might happen with the brick and mortars. Was J. P. Morgan Chase, right. Wells Fargo and Bank of America. All of them missed revenue expectations on their banking side on their banking on their banking side. Now we talked about this last week, right? There is a difference between their banking side and they're trading side on their trading side. They were above expectations, meaning that That they were trading against the market as well, and they beat expectations. They did better than expected so their revenues were up there, But on the banking side revenues were down. Banking side is where they're getting money from. Well, a lot of the you know institutions out there are the or the company's, so if they're losing money there We're not meeting expectations. That's telling us a little bit about what's happening in the brick and mortar section. Right, because back in November, when we talked about black Friday, Hey, there was 52% less foot traffic. What's that going to do to the quarter for revenues? Are we going to see You know, even though these brick and mortars have been coming back up in the Dow, are we going to see that drop off? We'll see. I'm gonna stop you there because you view it from the economic side of it. And the numbers I viewed from the charts and on the charts. Kelly boy, One of our core strategy was in here last week with me. And we were teaching a class and he was like, Okay, let's look at the banks. When did they really start to move January 5th and sixth. They all started to move up. Move up, Move up, Move up, and it was it was big moves up. And then, soon as their earnings came out, they all sold off. Now I think somebody out there knew a little something prior to all of this news coming out. Of course they did. Yeah, yeah. No, I'm not talking about the stock price because they did right after they reported earnings. They were Ms and they dropped. But But, yeah, there was a bull trap. Oh, yeah, There was a bull trap. They put pushed up, pushed it up, pushed it up and sold it off to retail. These were the big houses. Guess what There's is there a surprise that that Goldman Sachs and some and you know, JP Morgan and then Bank of America all beat on their trading. No. They knew what they were doing. They were taking advantage of the retail that doesn't know what they're doing That don't know what there's reports. They're going to say that aren't thinking about these long term economics things. We're up against the break. We've got to take a break. Again to understand some of these things to get a better handle, not only on trading but also wealth, which is going to be very important in the near future. Come to one of our three hour classes. All right. Give us a call at 84 48 trader. That's 8448872337 that's 84488723 3/7 and get signed up the sea after the break..
"morgan chase" Discussed on News 96.5 WDBO
"Morgan Chase Bank in a member, the F B I c C, then d n a jar Levin gentleman. Oh, no. Just received interest rates. Oh, no Juicy and cause a c c A T a trace trace. You think Lucas The world apple freedom, blueberry muffins, marble or dump A bad, bad, bad, bad, bad little Nobody has something to do, and we've been killing. My fellows participant is buy us a local mobile organ and pain. Vicky did this character, he said. My DEA mobile order babies. Even McDonald's participant is Coco Cay has to the cargo, our neighbors said. Others use are those of a river Coco Kia inclusion. We struggle and tears to save India. USOC investment meters don't leave the guarantee. Mm. But I don't think I'm gonna be. Yes, it could come in any second still officially comparability scenario. But Hodges See the list another when we accidentally out Do you know how we can said So El abogado Carlos Arias Abogados, an injury Levine would want to see and to see the quarter. See that See that stressed out of my control to gratis. It'll make controllers of either office in in Orlando. Okay?.
"morgan chase" Discussed on Bloomberg Radio New York
"This is a Bloomberg business Flash and I'm Karen Moscow. Global markets are climbing ahead of his speech by Treasury secretary nominee Janet Yellen. We check the markets every 15 minutes throughout the trading day on Bloomberg. S and P futures up. 27 points down. Futures have 175 and NASDAQ futures have 127 the decks in Germany's up 1/10 of a percent 10 year Treasury down the 30 seconds yield 1.11% yield on the two year 20.13% Nynex Crude oil is a third of a percent er, 19 says, and 52 55 a barrel Comex gold is up 7/10 percent, or $13.30 at 18 43 30 Announce the euro 1.2130 against the dollar. British found 1.3619. The ended 104. That's a Bloomberg business Flash. Now here's Michael Bar with more on what's going on around the world. Michael Aaron White House officials don't expect President Donald Trump to pardon himself, family members or close aides, according to people familiar with the matter. President Trump is expected to announce a list of pardons on his final full day in office. Meanwhile, President elect Biden will arrive in Washington today on the eve of his inauguration. Tonight, Biden will hold a somber event he will honor those who have died from covert 19. The president's attorney, Rudy Giuliani, says he will not take part in the impeachment trial. After all. Giuliani would first said he was taking part in the trial told ABC He's a potential witness in the MBA, the Knicks, nets and Warriors, all one in the NHL, the island to shut out the Bruins. One zip. Global news 24 hours a day on air and on Bloomberg. Quick take powered by more than 2700, journalists and analysts in more than 120 countries. Michael Bar in this is Bloomberg. Nathan. Okay, Michael. Thank you. It's 5 48 on Wall Street live from the Bloomberg Interactive Brokers Studios. This is Bloomberg Daybreak as bank earnings continue later this morning. Of course, we've heard from J. P. Morgan Chase, Citigroup and Wells Fargo later this morning. We hear from Bank of America and Goldman Sachs. So let's get a preview where things stand. Bloomberg Radio and Television finance correspondent Shonali Bosic. Great to talk with you again, Shonali. And I guess if there was any theme that we gleaned from the first three banks reporting on Friday, it's to temper expectations as far as the economic outlook. So what indications? Are we getting from B of A and Goldman heading in? Well, we don't know yet, right? And that's a great question here. Tempering expectations we saw JP Morgan Wells Fargo, Citigroup. Really, uh, cut their reserves for loan losses by more than $5 billion, So that's a good sign. But we've also heard J. P. Morgan say. We really don't know what the rest of the year is going to look like It looks like it's getting better, but there are still some concerns on the horizon. Right now for Bank of America, obviously, at least for Deutsche Bank's perspective, the analysts they're saying that interest income is going to be a big deal. Of course, they've got a lot of rate exposure and be obey. That's for sure. They've also said that they expect outlook to get better from where they were in the middle to late last year. Where you know, they even pressured on that interest margin for years now, So the question is, Bank of America has been moving to Morphy based businesses. Can they really weather the storm here? Can they really get some relief here as we're seeing the yield curve steep in, but I have to say. So far. The outlook has been pretty sluggish among the other three banks so we would expect the same from Bank of America when it comes to Goldman Sachs. A lot of their businesses in Wealth management investment banking where the indications there Yes, so though, as we know this whole year, the Wall Street businesses events so much better than those consumer businesses that have faced those loan losses. So what we want to see today from Goldman Sachs is really just More out performance there last quarter was a standout. Can they keep up that performance? And what about costs that spittle? A lot of the discussion, particularly for for Goldman Sex? I think it's safe to say going in. What are they sort of indicated here? Yeah, absolutely. Goldman and Morgan Stanley tend to have higher efficiency ratios, but, you know, So do the consumer bank. So I think cost cutting is going to be a story across all of Wall Street. Remember Bank of America in particular is one of the firms that said they wouldn't cut head count in 2020 in the pandemic here. So what does 2021 look like that Goldman we know has been trimming at the margins. We know they've been looking to lower cost locations. And really, it's just an update. I've they're on track. Tonto cut cost quicker because they had promised investors last year their investor day that they would do so what should we expect when it comes to share buy backs for either of these banks? Yes. So the three banks that have already reported said that they would return to share buy backs for J. P. Morgan, that's to the tune of $4.5 Billion. The Thing is, there's an expectation that a lot of these buybacks are really priced into the stacks the CIA. That's why and on Friday you saw all the major banks still decline, even though we did see those buybacks come back. We would expect Bank of America and Goldman Sachs to give more color and how much they're willing to buy. And of course, as you mentioned trading revenue, the equity side has been such an outperformer for all the Wall Street banks so far could that be something? Particularly for Bank of America when they report in just about an hour here that might offset some of the the drama. Perhaps that we might see from some of the more rate sensitive sites of Bank of America's portfolio. We would hope so. But you know, there's drama on the trading side, too. There's been a lot of changes at the top for their sales and trading division. But On their investment banking side. We may see it in the numbers. As far as performance goes, They really gained a lot of share an investment banking and advising on mergers and acquisitions and on my post globally, so let's see how that translates into profit in our last 30 seconds here, would you expect a Treasury secretary designate Yellen's comments to be a mover for bank stocks at all? I think there's a lot of things that already expected in the tent the town she's going to take. I think another interesting thing over the weekend was AH lot of news about the other bite and regulators and how hard they may be on Wall Street. So I assume that they'll get some questions about that today at both Goldman Sachs and Bank of America, Aziz we say We're expecting those results from B of a in just about an hour here, followed by Goldman Sachs right around 7 30 Bloomberg radio television finance correspondent Shonali Bostic. Makes.
Health venture led by Amazon, Berkshire, JPMorgan is ending
"The joint healthcare venture between three of america's most powerful companies amazon j. p. morgan chase and berkshire hathaway is disbanding after three years high profile. Ceo's jeff bezos cheney diamond and warren buffett had teamed up to tackle one of corporate. America's thorniest problems the high and rising cost of employee healthcare and the initial announcement of this partnership was dramatic shares of other healthcare companies tumbled on fears about how these leaders might find a way to make it all less expensive and more efficient in june twenty eighteen. Becky quick spoke to warren buffett and jamie diamond about their shared. Goals are water of ideas out there. A lot of things will be done better. We know the fraud. The administrative 'cause we overuse underuse of of of various drugs and specialized procedures. We know the end of life is often costs. Far more than should and is far more painful should be So there's so many and big data there's so many things to do but the goal is better satisfaction for employees and eventually we can learn a lot of things and maybe help inform america. How we can improve some of these things. Have you heard from aaron place. Yeah i i Addressed a group of about one hundred and thirty or so of the various. Cfo's from all our subs Just a couple of days ago and and they're very interested in the subject and the interesting thing is as we went around interviewing Large number of perspective. ceo's we didn't run into one. That didn't think that improvement was both possible At important nobody disagreed with the the mission. The importance of it or or Feasible only but it's also a very very tough nut to crack havens initial. Ceo was dr a tool galante new yorker staff writer and surgeon. You've heard him on this podcast several times. He's an expert. In how complicated and tangled the american healthcare system is. It's a maze of doctors. Shirts drugmakers guerande. Step down as ceo to become chairman this past spring as the covid nineteen pandemic grabbed the day to day. Attention of the medical community. As haven shudders most of the firms fifty seven employees are expected to be reassigned to amazon berkshire hathaway and j. p. morgan chase. Here's joe kernan. W toward toward healthcare is hard. It's hard to solve health care. I don't care who you are. I don't care if you're talking about. Yeah i don't care if you're warren buffett jeff. I just hope it's not that you know what we lost a couple of million dollars. We'd better shut this down on those three guys. Diamond was that all three of the companies. Were doing some of their own things That they had taken out of the story tapeworm. That's really tough to when you're talking about more than seventeen percent of gdp versus five percent back in one thousand nine hundred sixty san right james warren buffett and jeff bezos saying. Forget it. we can't fix this problem then. Yeah i mean we talked about how many pay three years this is going to be it. This is going to be. Our problems are over right hi talked. I talked about this on the phone yesterday. Try to understand what happened. And i think becky's right i don't think it was that they shut it down entirely because they were losing money or something. I think in many ways it was designed. I don't want to say it was designed to fail but it was it was it was designed number challenging way which was the big lesson of this was actually insurance is local. These health systems are local. And trying to do it on a national basis with with employees in all different types of locality. all kinds of different systems may very. Well be too hard. I think a lot of the lessons were learned. Have been implemented are being implemented at j.p morgan in areas like new york in columbus ohio. For example. i think you're seeing what amazon's doing remarkably actually in seattle. They're their program therefrom -ployees which also include warehouse workers not just not just executive employees. So i think there are some things that will come out of this but obviously not Not the big headlines that that had been expected three years ago when this began. Let's say amazon has rolled out a lot of different initiatives over the last year or two. I was looking at a store yesterday. That kind of laid out some of those things just the idea of amazon health. The they do it for their employees as you mentioned andrew and i think they have thoughts of of selling that other companies too so i i don't think we're going to see the end of any of these companies or any of these actors trying to get healthcare costs. I guess it's just a question of how you do that. And you're right. It is local. You you've got to do this on a local basis but healthcare costs are are not going down. You know they rise faster than inflation. It's a. it's a huge huge issue More than seventeen percent of gdp and we do have to continue to try and find a way to tackle this
Haven will shut down, ending joint healthcare bid by Amazon, Berkshire, JP Morgan
"Started by Amazon. JP Morgan Chase in Berkshire Hathaway is dead. Executives Jeff Bezos, Jamie Diamond and Warren Buffett launched it three years ago, hoping to transform health care. And reduce costs for workers that their three companies, The Wall Street Journal, says havens goals were too ambitious. It also lost leadership because of the pandemic. You may be paying more for
Haven, the Amazon-Berkshire-JPMorgan venture to disrupt health care, is disbanding after 3 years
"Ventures started by Amazon. JP Morgan Chase in Berkshire Hathaway is dead. Executives Jeff Bezos, Jamie Diamond and Warren Buffett launched it three years ago, hoping to transform health care and reduce costs for workers that their three companies The Wall Street Journal says Havens goals were too ambitious. It also lost leadership because of the pandemic. You may be paying more
Haven, the Amazon-Berkshire-JPMorgan venture to disrupt health care, is disbanding after 3 years
"New England business. The healthcare venture created by three corporate giants to attack storing care costs will will be be shuttering shuttering only only a a couple couple years years after after launching launching A A statement statement from from Haven Haven says says it it will will end end operations operations at at the the end end of of February. February. The The venture venture was was formed formed a a 2018 2018 by by Amazon, Amazon, JP JP Morgan Morgan Chase Chase in Berkshire Hathaway. The independent company was created to focus on improving care delivered to employees of those businesses while doing a better job managing The
"morgan chase" Discussed on KOMO
"855935 talk. That's what I meant to say before the break when I went off in a totally different direction, By the way here, let me just give you I did the research on a lot of the bigger you did better known firms out there I went and read their a TV, which nobody does. Ameriprise manage account. Managed accounts have a maximum fee of 3.7% per year. That crazy Edelman financial engines. They're well known. Very big. Yeah. 1.75% is their maximum fee. Edward Jones. They've lowered. There's way down Edward Jones Advisory solutions They've actually gotten close to being reasonable at 1.44. Not ridiculous anymore. Fisher is at 1.25 JP Morgan Chase's at two LPL is at 1.35 Merrill inches at 1.8. Morgan, Stanley a 2% Raymond James. It 2.5% Voya at 2.5%. Wells Fargo. It 2.5% invest Ary 0.90%. And again, I wouldn't pay anybody more than one. Yeah, well, I think one is fair 1.1, Even by the way, That's the highest remember. We charge people one, right. But then, after a million, which are you have half of a percent and a lot of people don't go down very fast either. I don't know if we have drew here on what we do. We do. Wait. Do I just wanted to clear that up? No. I think tank and No, We do not have what we did. I don't Yeah. Got it. All right. I'm so confused. And by the way, just to go back to Sandy's question, which is a great question. How are you? Different? Well, first of all, we never let don out of his cave. That's where he's different, really is a good thing. Head. Here's how we're different. Here's Here's how a registered investment adviser is different. Registered investment advisor has a fiduciary relationship with you. They're required 100% centers. Yeah. There you go. The other side Because all those ones you just mentioned are duly registered. Well, not you wanna head not gentleman and not true. Yeah, that's true. Ah, 100% Fiduciary advisor has a legal requirement to put your interest as the client ahead of their own. That's different than most of the industry. It doesn't make them bad, but the possibility exists that they could do something. Although I found something really interesting. Massachusetts recently filed Suit against Robin Hood. State of Massachusetts. They did it based on a new law in Massachusetts that requires Everybody. Who manages money in Massachusetts to act as a fiduciary. They have states that have done that. Yeah, they have a 100% fiduciary requirement. And my hope is that this as this Permeates out there gurgles out among the various states that in the process, what this does is this forces. The Ameriprise is the Meryl's The Morgan Stanley's The Raymond James, the voice and the like of the world to give up on the commission side of their business. You just give it up. And become fee only. 100% and you were so and you're you are believing in Santa Claus. Then basically what sank his checking. No. Okay. What did I hear my name? Hey, I was kidding Santa. Really? That was pushed excessively. What did hope the test let things take their course. Tommy, that was well was mildly good. We're don't wanna be on my naughty list. Now focus. Really want that car By the way again? It could be used. It doesn't have to be new. I'm Used to driving. Used vehicle. He said. He had to go. He waved his weight. He put a finger aside his nose and rose right out of the closet. Right, right. Unlike you'll be able to do anger aside his nose and beside his nose out of his nose. Okay, I'm just saying, you know the dark side of me. You know, I just said, if you look at it from this side, it does look like he just looked like, but he's not. He's not. He put it aside. Isn't home and test their something, man. E was kind of scary. All right, Wait, wait, wait, wait. What's coming up in February, Tommy? I think it's retire. Meet America. America Armor America Retirement account of the Eggs Big is a big deal. Big Deal Davis here, it's free, huge. It's free. You haven't paid like, although you can pay us if you want. No, it's because you're doing your own catering. Go to retire me. Com Check.
Jack Leahy - Enterprise Ethereum Alliance
"Jackie young the membership director for the enterprise. Enduring alliance really happy to be here today. Thanks for having me on again gently at the ea. The is really focused around enabling organizations to adopt and use during technology and their daily business operations really focused on empowering the ecosystem more generally within the overall you dear ecosystem manda Personally from background. Perspective and come from the world of the world of enterprise technology consulting and sales. I've done a number of large implementations and deployments with a number fortune five hundred organizations are spending across from a devops strategy to cloud operationalisation to supply gene inventory optimization via learning models and artificial intelligence and so i have a pretty widespread enterprise consulting background as i had mentioned most notably around the microsoft stack but have done work across long. Vm ware Across most of that relatively traditional it architectural stacks and twenty seventeen. I started to get more and more interested in crypto decentralized computing space and starting to get more interesting more interested overall for me he perspective and starting to pay really close attention chew how many enterprises and the people that i was interfacing with were really developing on ethereal and the overall platform and again The most recent that i had had was focused on consulting around service now and the mic stack and i saw how much microsoft was investing in jail their azure. You're deaf jet predicated on the theory ecosystem largely and i started just pay more close attention to began. How many organizations were really building with any theorem and had the opportunity late in two thousand nineteen to go head first into the game ecosystem and within the blockchain world and Got the opportunity over as a membership director at the ea starting in january and so twenty twenty has been quite an interesting year and been really needs deep by ever since really glad you were able to make it to the podcast. Today excited to hear about What you've experienced the sarum ecosystem and what things are going on at the ea. I don't. I don't know a ton about the serum enterprise alliance. Maybe a little background My perspective there wasn't much Thoughts about win crypto first came out you know of of making this Really tailored to enterprise Until a theory. I'm came out with a smart contracts and and things of that nature and then bencher price base really took to a theory in ways that i didn't imagine Initially it could you tell me a little bit more about the and what it is and who are the members and how how does one become a member. and they ultimate goal of the organization. Absolutely see that's about saddening and you're you're spat on as far as enterprises building any theorem. And i think that's largely predicated on many of the technological foundations the backbone of ethiopian and it being more of a developer focus application tom development focus blockchain competing system and as a result of that. That's why there's been such widespread adoption From enterprises and more emerging technology organizations like And from an ea perspective Really rigid with some founding members Back in two thousand seventeen Some of those included consensus. Gp morgun intel a number of others. Who are still very involved within the. Ea is well as a number of other organizations and what they're really focused on is having an ecosystem of best practices to build within the theory. Him from both aig Private permission boxing. Perspective to public may net perspective as well and The as was largely built dine. The enterprise theorem specification which we are now nearing version. Six of it and the specification is finalized. Which we're really proud of and that's really kind of morphed into the whole genesis of like corum that's been bill dead consensus and jp morgan. I'm now Formerly done under consensus. And that's where a liar lot. A lot of the work had been predicated on in the past and organizations. Join a again just to be with really like an expert network of people to kind of collaborate on the things that they're challenged with within their organization and how to take Some of the the internal capital and resources that we have our disposal and how to leverage that more effectively within one's own business and so we've seen a number of different creations within the ea from quorum with large built within the token taxonomy initiative free cell framework token taxonomy and building out smart contracts were actively from the business protocol which is hugely important right now and his gaining just a ton of momentum and excitement within the industry and now more again bringing in die each us which were incredibly excited about in. That was just announced on this past month on largely focused on creating registry around safe smart contracts so that users and customers that interface with can be more confident and reliable within the smart contracts that they're leveraging utilize utilizing a Let's go back to core. Would you say that is kind of the biggest win for the enterprise space and What what exactly is core. My i have a a little bit of understanding that it's was developed. I think initially by j. P. morgan chase and then Be behind consensus to do it and Now j. p. morgan chase Purchased that aspect of consensus. Are they working together. and corum is kind of a. It's a side chain to a theory where or is it. Is it a a completely separate based off of theorem blockchain. I wanna make sure. I do justice of this and i know that the consensus team and some others within the ea could even speak more intelligently and effectively to this but quorum is really built on like a is a private permission chain built on the enterprise etiam specification and so a number of organizations developed best practices around in enterprise etiam standard that could be trusted and relied upon within organizations and A number of these organizations where the kind of the genesis and the create creators of this and jp morgan was largely behind the creation. Corum early with In collaboration within members of the and notably consensus of course. And as of just over the last quarter i would say consensus acquired that in full and now is perjury even more closely with. Did you be more again arching team if you will Largely led by christine. Moy and the honesty in there and there's been a ton of exciting announcements relative to what their team is doing right now but Consensus has now brought in corum And what we're seeing within the industries who such a big movement Around utilizing obviously the public made net and many believe that that's the future will continue to collect you but what we're seeing is actual in live production. Instances we've seen the most modern work around enterprise right now and consensus has been a large driver behind that as well as a number of other organizations consensus driven that in a large way up to this point in time.
Amazon opens online pharmacy that delivers prescriptions
"Amazon launching an online pharmacy customers will be able to buy prescription medications through a new store on its platform code amazon pharmacy. So now when you're at the doctor you can ask them to send prescriptions to amazon pharmacy. Just like any other retail pharmacy. Like you did before. It accepts quote unquote. Most insurance plans poll amazon launching. An online pharmacy was the points. What could possibly go wrong. There are two aspects of the recode article that used santos marcus that i thought were interesting. One is the fact that a lot of things that we didn't anticipate buying through amazon. Now we do so routinely. So i think that bodes well for prescription drugs being part of that but the other part that concerns me quite a bit is the just the number of knockoffs and how unregulated the amazon marketplace. Seems to be at times mock I would never bet against amazon in anything possible. Hitch in this. Is that the prescription. Drug markets skews toward older consumers. They they're the ones who who need this stuff more and that on average somewhat less comfortable with ecommerce younger people had the a lot of The pandemic learn to deal the e. Oh so that that's favor. But i'd be astonished if this flops blake yet had mark's got it exactly right. It's sort of the logical next step for amazon. Now that the pandemic has gotten older generations. Used to shopping for essentials online so sort of the next step beyond grocery in every other day household essentials and this is the age group that they're going to need if they want this to be successful so i think the time is right. Context on this story is comes about two years after amazon com susan company pill pack for seven hundred million dollars is also made other moves into the health space. Health insurance space amazon. Berkshire hathaway and j. p. morgan chase in twenty. Eighteen launched a joint health care venture code haven. We've yet to see where that's going to go. I'm was prime. Members will of course be able to save money paying for medications generic and off brands without using health insurance which is interesting. that's just chace took hit following the news. Drugstore companies like cvs and drug distributors like cardinal health. This will no doubt as well as vice out of walmart target costco's pharmacy businesses to joe this album praying and sharon tell up the wall street journal noting quote. Most americans still prescriptions at the traditional drugstore. Us prescription drug sales at pharmacies was over three hundred billion dollars in two thousand eighteen coins health research firm. A via nearly four billion prescriptions filled each year in the us in march. Mail order prescriptions. Mail order prescriptions. Were up twenty one percent from the previous giving them a six percent slice of the prescription drug market. Hi shannon lost two years. According to suntrust robinson humphrey. Wasn't there a time not long ago when there were a lot of rumors about amazon getting into not the prescription drug business but healthcare coverage insurance coverage. Am i imagining that. Or i might be the time with the two companies haven joint venture with halfway and j. p. morgan chase. So they got together to basically trying to put together some kind of umbrella coverage for all three companies. And somehow i pulled on everybody's sources provide coverage for all of their employees. I think that might be the thing. Maybe i i guess. I was on the impression that it was more comprehensive than just those companies and that they were basically going to try to roll out like you know obamacare. You know amazon care but yeah whether they were going to roll the roll that out to other companies as some kind of a model yet to be seen but i think with their own folks
Weak 0.3% US October sales gain spreads some holiday unease
"While it was hoped that Americans might get early jump start on holiday shopping October rang up a weak retail sales report U. S. stocks and treasury yields were tapping the brakes after the commerce department reported the retail sales grew a sluggish zero point three percent in October that was lower than what economists had expected gains occurred in just a few areas and reveal how the pandemic is altered spending trends online shopping jumped three point one percent in October in is increased by nearly a third in the past year sales rose at electronics and appliance stores home and garden retailers but sales at department stores fell by nearly five percent clothing and sporting goods shops fell by more than four percent J. P. Morgan chase which tracks activity on debit and credit cards his overall spending fell in early November as well analysts believe the surgeon coronavirus infections and the expiration of the federal boost unemployment checks has slowed spending I'm Jennifer king
PNC to buy US unit of Spain's BBVA bank for $11.6 billion
"PNC Bank is about to become the nation's largest regional bank after agreeing to buy the U. S operations of a lender based in Spain. The price tag here is $11.6 billion Regional lenders have been looking to bulk up is larger rivals like JP Morgan Chase and Bank of America, expand their digital offerings and move in two more states.
"morgan chase" Discussed on WAAM Talk 1600
"They pled guilty in the last six years to crime concerning the manipulation of the metals markets. They tried to defraud. People on the other side of met little transactions so that they could enrich themselves at their customers expense. Now just We don't have enough felonies in the last six years. They're now being investigated for a lack of internal control and the term a lack of internal controls. What That really means is that people are committing crimes and the board of directors and JP Morgan Chase. Looking the other way. In fact, What's happened with the banking system is that the major banks have criminalized their activity, so there's their profits they're generated not by traditional banking activities, but rather by Manipulating the silver market, manipulating the foreign exchange markets. Evening. Every homeowner who takes out a mortgage They systematized financial crimes to such an extent if they can be one of the most profitable corporations in the country, and it's not simply JP Morgan Chase. Last week, Citigroup Ah! Received the sanction of a $400 million fine from the office of the Comptroller of the Currency, which regulates banks. And in the consent or that this study group Find it is knowledge that it had not complied with multiple laws and regulations. Well, if you were, I didn't comply with the law. The federal government would come down on a So hard that we wouldn't know what hit us. But if you're Citibank, and you don't comply with federal laws and regulations, such as not defrauding your customers Maybe ever make hundreds of million 2000 profits. I and The government, which is responsible to watch your activities. This gives you a slap on the wrist and you move on to the next time. So We employees recognized the criminality in the banking system. We're really not going to be able to protect the average American who inevitably has to deal with banks. In terms of getting home mortgage in terms of getting the car loan at Trump's of having an account with you can deposit funds, etcetera. So Helen, many people say Well, this criminality is so ingrained in the swamp in Wall Street. There's nothing that can ever be done that this has gotten. This monster has gotten so out of control. There's nothing we can do. What do what do you say to those people? I think two things should be done. I think that the major banks should be broken up. You know, we've had over the last 30 years, The number of banks in the country has been drastically reduced because JP Morgan Chase and Citibank has taken over smaller banks. They just gobbled up the smaller banks is if they have a much larger share of the total market. I think that that has to be reversed because When you have a huge bank like J. P. Morgan Chase Citibank, the temptation to indulge in organized crime is irresistible, particularly when it's combined with the bride's that are paid. Two people in Washington to assure that nobody really prosecute them. And while I've just explained that Banks, please guilty to very felonies. Nobody gets fired. Nobody is prosecuted. It's just a slap on the wrist. They take the shareholder's money and pay a fine but that doesn't prevent them from instituting new criminal schemes the next day. One thing would be to break up the large banks. The other thing that I would do if I were attorney general is I would indict people like Jamie Diamond under the Racketeer Influenced and Corrupt Organizations Act, The RICO statute. It was enacted by Congress in order to fight organized crime because we now have organized crime on a scale that the Mafia never dreamt up, and that was in the banking system and The irony of it is that if you prosecuted Jamie Diamond You would have a ripple effect on Wall Street because the one thing The top executives of the banks haven't bargained for is some time in jail and they have you figured out a way to pay someone else to serve their criminal sentences. If you prosecuted someone like Jamie Diamond, and he went off jail, it will clean up Wall Street almost overnight. Folks, we're speaking with Helen Shakman. JP made off m A D O ff JP made off that calm. You know, Helen, um When I look at the Justice Department Whether it's under the direction of Eric Holder. When Obama was president. Loretta Lynch when Obama was president. Or Jeff sessions when President Trump was his president or William Barr. I played e guess. Please tell me I'm wrong. But I get the same feeling that, um Every once in a while, they'll be a decision. Some charges will be brought forward and somebody will get some slap on the wrist. Fine, but no one will go to jail. I really don't see our Justice Department. Instituting the rule of law. I see. It is almost like a club that Justice Department rather than Going after these people for their crimes. They seem to give them passes. Is that in my mind off of my people tell me I'm off. Tell me. I'm jaded on this. 100%, right. I was terribly disappointed when Eric Holder came up with this concept that you couldn't prosecute. Thanks because they were too big on you might risk their failure. The fact of the matter is if you have a bankrupt JP Morgan Chase, which is run by a criminal Jamie Diamond. He belongs in jail. Why would we expose The entire United States population to criminal bankers. And we have the same problem with the attorneys general we've had under the Trump administration. They treat Wall Street criminals with kid gloves. Why? Why is that? Why is nobody willing to stand up? No. He's organized crime on a level which is unprecedented in the world to what we now see on Wall Street. Mm hmm. You know how Ana Here's another example. You sent me this article earlier this week. J. P. Morgan Chase is under a new federal investigation. One month after getting slapped on its 4th and 5th criminal felony count. JP Morgan Chase Bank has been advised by one of its U. S. Regulators of a potential civil money penalty action against the bank related to historical deficiencies and internal controls an internal audit over certain advisory and other activities. Bank already has controls in place to address the deficiencies related to the proposed penalty. The firm is currently engaged in resolution discussions with the U. S regulator. There is no assurance that such discussions will result in resolution and quote What Why is Why is that when you hear that is attorney Why? Why is that disturbing to you? Because the government is treating them with kid gloves. The rocking internal controls means that people are committing crimes and Jamie Diamond is not doing anything about it. Well, the reason he's not doing anything about it is he's a rowing these crimes to be committed because the source of JP Morgan Chase's wealth Is its criminal activity. We know from the Mafia have a profitable crime can be And when. When you have a bank as largest JP Morgan Chase, they have so many ways of achieving the public. But that's why we have an attorney general is no one else other than the Department of Justice that has the size and the death to prosecute crime on this level..
"morgan chase" Discussed on WAAM Talk 1600
"Thank you so much day for that beautiful introduction. Thank you for your courage, Helen. And I thank you for your tenacity and taking on the deep state in the swamp. You know, Helen, many people believe that the swamp starts and stops. In Washington, D C. But in fact, Helen You have had the courage when many people did not to show that there is an equally deep And treacherous swab in Wall Street. Educate our listeners on the swamp that you not only identified, but the swamp that you have taken on for for your career. Well, I think it's hard for people to understand, but banks like JPMorgan shape Have become criminal enterprises and their run very much like organized crime family. If you take J. P. Morgan Chase in the period of time that Jamie Diamond has been me. President and chief executive officer. JP Morgan Chase has pled guilty to five challenging now telling these are things like Robbery murder. But When you have a bank. And you commit felonies. They're on a massive massive of scale. For example, JP Morgan Chase has pled guilty in the last six years. Manipulating foreign exchange rate. And the foreign exchange market is.
Zoom and other ‘stay-at-home’ stocks are getting crushed on the positive vaccine news
"Wall Street has welcomed today's news that visors Corona virus vaccine shows a 90% efficacy rate in their late stage trial, a stunning result in a light at the end of the tunnel. So while most stocks are solidly into positive territory, stay at home stocks are suddenly taking a beating San Jose's zoom video communication down 14%. Online retail powerhouse Amazon is off 3%. Netflix is down 5.5% and tell help stocks also sharply lower, however, travel here and banks like B of A and J P. Morgan Chase are having a great morning. The Dow is up 1165 points. The NASDAQ is ahead. 75
"morgan chase" Discussed on Bloomberg Radio New York
"JP Morgan Chase shares up now by 1.5% again recapping the Dow, the S and P and NASDAQ all advancing best level of the day. Right now on the S and P up 40 up by 1.2%. I'm Charlie Pellet. That's a Bloomberg business. Flash balance of power continues the Thursday edition Once again, here's your Host David Western. Thank you so much Charlie Pellet. Yesterday, California Governor Gavin Newsom ordered regulators to phase out all internal combustion engines and banned the sale of new gasoline fueled cars as of 2035. Adding a whole new in level of impetus to the move to electric vehicles for a view on what this means from the environmental side. Welcome now, Simon we he's National Resources Defense Council, deputy director of the Clean Vehicles and Fuels Group. So, Simon thank you so much for being with us. I imagine this is good news for you. I gave it. Yes, this is This is exciting news for California as well as entire western us, which everyone knows. I've seen really just a series of apocalyptic wildfires. Record temperature stuff. The book of revelations things with Desert on fired and out of that huge tragedy that's unfolding with climate change and a warming planet. No California singer an opportunity to come out of that crisis to really rebuild our economy and make it better to make it really the new Detroit of the U. S of the glow. And to reinvent it itself as the new transportation between transportation hub globally, and that's what it's trying to do. It's trying to do it in 15 years and as the governor Ted, You know, this is this school is sort of a dream with a deadline is a deadline. How likely is it? That will actually happen? I mean, first of all, let's talk with federal government. President Trump hasn't always liked California's approach to emissions when you're locked in litigation right over the mission standards. On fuel standards. So how likely is it that the federal government will just let this happen as opposed to challenge it? Yes. So, So California and and nearly half the states in the country are under litigation all over their state. Right. Tio reduce emissions into Set Queen vehicle standards based on California 50 year history with doing that, so we believe ultimately, that legal challenge will be successfully defended and in terms of California's role here it is looking at all aspects around building building this New plant, green transportation economy and and we've got a great star already with numerous electric vehicle manufacturers in Country, most notably Tesla being headquartered here, but but also other companies such as pro Thira, which is zero emission bus manufacturer in in the city of Industry, California That's employing people, putting them backto work, hiring and training stage in local community members in terms of work being them into the electric vehicle workforce. No, Just don't mention General Motors or you. Don't mention Toyota. Is it clear that they're out of the game. No, there's there's a new enormous opportunity here and those air global companies. They see the writing on the wall that you know this is where technology is heading. This is where China's largest vehicle market world is heading Europe is heading towards these technologies, and if they don't invest and actually make a full line of products that are zero meeting, they probably won't be able to compete. Going forward, and they've already got the startups like not started anymore, but Tesla as well as companies like Vivian and others fighting at their heels. Eyes just going to increase the cost of automobiles. As a practical matter. I mean, we saw the price of batteries come down, but we just heard from Helen must this week's thing. You know what that that that cost curve is flattening out, and there's a limit to how much Maur costs we could get out of the batteries. Yes, so Absolutely So. So the cost of easy's across the supply chain are coming down and coming down quite rapidly due to just enormous. Investments and technological progress being made, Uh, currently going forward. Even automakers and industry experts are seeing the cost of TV's Being cheaper or at cost parity with gasoline powered counterpart. Within the next 3 to 8 years, depending on the class of vehicles, and that's not just happening on the personal vehicle side. We're seeing that Happened as well for the commercial trucking industry, where the cost of owning and operating an electric truck is going to be cheaper than the diesel counterparts. Over the next 3 to 8 years as well, And that's that's really important because we're now seeing the walmart of the world right, also making commitments to convert their entire fleet to their omission trucks by 2040 consistent with what California has already put out. Wishing and the Amazons in the world also do the same, so it is very exciting. That's happening. The opportunity here is tremendous if the U. S can invest In the space and become a global leader like Europe is doing like China has already done well. You mentioned China was going to ask you about the competition, maybe even rivalry between United States and China when it comes to battery technology. If we move all of our cars over electric are we giving China even a further like up because of the rare Earths issue? How essential are those? And are they really concentrated largely in China? Yes, There's no doubt that some of the resources are located in China, not all of them. The U. S actually has quite some of the largest lithium reserves in the world as well. One of the one of the interesting stories of that, you know, the lithium batteries was actually developed in the US and then you know, the story is that Japan actually went ahead and developed the product, starting with Sony, and then now China has gotten the leadership edge. Others. There's Facilities building batteries here, you know, Note, most notably Tesla's Giga get Factory in Nevada. But other companies are now investing in looking at battery manufacturing as well in the US, and that's a great opportunity batteries are auto makers prefer having the supply chain right normally in the country where they're selling in the market that they're selling. There's no reason why we couldn't be also producing batteries. And the government should should be looking at policies that could incentivize and encouraged that domestic production very quickly here the end how fast can you start to clean up the air? You referred to the wildfires before by doing this? Well, this is ah, the immediate impact from climate change. That isn't something that I think anyone can really stop tomorrow. But we've got to start investing to make that happen to queen.
"morgan chase" Discussed on Bloomberg Radio New York
"J. P. Morgan Chase, Citigroup and Bank of America pushed financials into the red crude oil advanced today while the dollar was little changed your closing numbers s and P 500 Index up 17 of 34 01 up 5/10 of 1%. I doubt little changed up two points, giving up earlier gains. NASDAQ Up 133 points up by 1.2% Tender down to 30 seconds with a yield of 300.67% golden 1950 for the ounce and West Texas Intermediate crewed up 3% 38 39 a barrel after earnings FedEx shares they are now searching 9% after ours, Adobe after ours. Up now by 2.5% Recapping stocks higher as stumpy up 17 up 5/10 of 1%. I'm Charlie Pellet. That's a Bloomberg business Flash. All right, Charlie. Thank you so much for here with John Mackey, CEO and co founder of Whole Foods Market. He's got a new book out. It's called conscious Leadership, elevate elevating humanity through business. And he's with us on the phone from Austin, Texas. I want to ask you, John. I mean, here we are a few years in, you know, with Amazon Has it going? What? What has worked really well for you. It's going very well. Ah, A big merger between companies is a little bit like a marriage like that metaphor on DH. I mean, I've been married for 30 years and I What my wife and I love. You know, maybe 99% of everything about her and 1% on not to find out and I think a merger similar. I mean, Amazon has a different culture than whole foods. We overlap in some areas. And we love most things about Amazon, and they probably like most things about whole foods, but not everything. And what worked really well is Amazon thinks long term and they're enabling whole foods market to think long term. We've had three major price reductions were beginning 1/4. They're making investments in technology for whole foods that I think will be transformative. Although I'm sorry I can't talk about those and they've been respectful of our culture. They haven't tried to just turn us into Amazon. So If if I had the best way to answer that question is John, If you could do it all over again, would you make the same decision And the answer is yes. We make famous decision. It was the right decision for us. I have to tell you a listener is writing in and said, Could you just to ask John Mackey, could they please please please open a whole foods in the Hamptons? In the Hamptons. We've We've received a lot of requests for that. It's a very seasonal sort of market out there, and we'll get there. Eventually. There's the question answer. Well, what they want to ask you. I think our team was was curious about is you guys hopefully, I spent a couple I spent. I did kind of a deep dive into your company a few years ago and with Walter Robb I was co CEO at the time. I spent time with a forager. Just how you guys work with companies support companies to help them build out either production, you know, so that they can. You know, once you find an item that you want in your stores, you guys have such a value system, you know, and you really stick to selling just certain types of things. And to be fair. If you go on Amazon, you could buy just about Anything it feels like and that they'll sell just about anything to anyone. You know. How have those values clashed? If at all you know, And how do you kind of get your head around that I don't think those values have clashed. But I think you're right. Healthy Urges were vory reverse stakeholder oriented. We care deeply about our suppliers. We partner with them, and we are proud of the fact that we work with lots of small producers. And help them get distribution and a lot of them grow with us over time, and they start out with one store and then one region and in multiple regions and then across the whole country and And then maybe they sell their company or take it public. I mean, a great example recently was vital farms eggs. Whole foods was the first customer vital forms ever had, and we made it hold over time at a $10 million investment in their company as well, and they just did a NY PO in there. And their market capitalization $1.4 billion right now. So that's a great example of working with a small supplier and helping them expand across the country, and eventually they become very, very successful company in their own right. Proud. We pride ourselves on that. There's really dozens and dozens and dozens of more examples like that. And Amazon. It's a different business when all this is doing there, there. The retailer. They're the everything stores. You say I if I want something, I generally just go to my iPhone or an iPad or my computer. And I just call up Amazon. I order it. On dit comes shows up, usually within 24 hours. That's an amazing thing Amazon does. It's changed. Most people's lives certainly has changed my life and that's very different than when old food is doing. But whole foods is, you know, Amazon wants to be a bigger force in grocery. And Whole foods is key to helping them do that, So I think that's why they ultimately wanted requires. So, John, you know you're very thoughtful in your books, and this recent one is no example. I mean, I do wonder what's ahead for you. There's been a lot of speculation that you know you could go on and keep writing books and you Executed this great as you say, new marriage between these two companies. And I'm only going to give you about 90 seconds into this question, But what's next it? Do you foresee that that maybe hand over the rain soon? You know, I like to think I read recently. Warren Buffett. I read that Warren Buffett. Teasing. He's his 90% of Warren Buffett's wealth has been generated after the age of 65. I would like to think that 90% of my contribution in the world will be generated after I'm 65. That's my that's my goal. So I don't have any plans on leaving anytime soon from all foods, but Hey, you know I'm getting older. We all we all have to pass from the scene eventually, and I'm there many other things. I'm a very much ado, er. I have many projects in life. I want to work on. I want to travel. I want to hike and spend more time with my wife. I want to spend more time with friends. Right now. I'm having the time of my life in this whole foods adventure, So I'm gonna keep doing that. And until it's my inner heart, my voice says, Hey, John. It's time to move on. And that's not that will come someday. But it's not today. All right? Well, we appreciate the time. Congratulations on the book. You're always so thoughtful on DH. That really shows up in all of your work. Where the year In one of your stores or reading your books or listening to you talk. So we really appreciate the time. Yeah, glad their companies like you know, Whole foods out there in terms of standards. I think you know, we started off the show with a Kia and their CEO. Head.
"morgan chase" Discussed on News Radio 920 AM
"Of this year, JP Morgan Chase's joining Goldman Sachs in thinking the correction of the last couple of weeks is largely over. J. P. Morgan analyst say earnings are recovering ahead of expectations and the index could close the year up Another 6% to a new record high, they consider the recent pull back healthy. But even though the economy is recovering, Treasury Secretary Stephen Yushin is urging Congress not to further delay. Additional relief. Now is not the time to worry about shrinking the deficit were shrinking. The Fed balance sheet tradition tells CNBC the economic crisis warrants extraordinary stimulus. From both Congress and the Federal Reserve Hado party's safely in the age of the pandemic. That's something caterers and other vendors are trying to figure out with. So many weddings and other events canceled. NBC's Dan Shannon reports on how some of reinvented their operations, lifestyle and food experts say micro parties and individualized packaging are the new norm for now, so I think that it will range from No individual cupcakes or many tiny desserts. One cake per person at micro Wedding Corporal Geller of this messy table, Lay builds elaborate grazing tables for California's elite. The Ellen Show Modern family event March it and her calendar was obliterated. So I spent the first month in total shock. Geller pivoted slightly and started building Do it yourself grazing boxes that could be hand delivered to VIPs enjoying virtual events like a bee sees black ish. The order boxes for the talent, and they all had the box when they were watching the show and a new survey finds working from home alongside kids. Learning from home is not working well for a lot of people. A survey by homeschool expert dot com says 42% of parents of either reduced their hours or stop working entirely to help educate their Children from home off That group, nearly a third say they've cut their work hours by half or more. 16% have just quit. Consumer and Business News. Joe McConnell, NBC news radio on offer legal or tax advice. No presidential election has entered the home stretch and Wall Street is watching economic policy for the next four years is about to be front and center. Keep it here for the latest news as it happens on the financial exchange radio network. USS Constitution. The USS Constitution was launched in 17 97. After being built in Boston at Edward.
"morgan chase" Discussed on WNYC 93.9 FM
"Morgan Chase sent a memo to employees. It says the company is looking into the rolls. Some of its workers may have played in the misuse of Paycheck protection program, or P P P loans, also unemployment benefits and other money from government programs. The bank says that behavior doesn't live up to its principles and may even be illegal. What can be done to prevent this kind of stuff? JPMorgan Chase says it's cooperating with law enforcement quote where appropriate. Georgetown law professor Emma Coleman Jordan has another idea. She told me banks should be required to keep some percentage of these loans on their books. It's called skin in the game. That means that if they don't scrutinize the loans properly and the loans default, they're going to lose money, too. Coleman. Jordan says that would also cut down on the misuse of government money. The JP Morgan Chase Man was talking about because banks would be on the lookout for fraud. She told me Right now banks are paid 5% of the value of the loan, no matter what. Even if there is fraud. All right. Marketplaces. Nancy Marshall Ginza. Thank you. There's also word from the IRS that as many as nine million people still need to claim their $1200 stimulus checks. This is mostly people who typically don't file tax returns You have until the middle of next month October to register for the money. After three days of plummeting technology stocks index futures at the moment suggest some stabilization today The NASDAQ future is up. 1.6% thie SNP future is up 7/10 percent.
"morgan chase" Discussed on 760 KFMB Radio
"JP Morgan chase earned thirty two billion dollars in profits one of the things he does this is holding regular town hall meetings with employees like this one in Delaware to build a sense of team spirit it's true though is less like a banker's convention then a political around did you ever think of running for president I thought about thinking about it thought about thinking I I talked to one person and they decide think no more I'm asking you because we came upon a quote of yours he said I think I could be trump I'm as tough as he is he is this well what's in your car actually earns money it was a different president trump responded in a tweet about diamond he doesn't have the aptitude or smart and is a poor public speaker and nervous mass I've seen after me when I walked in the oval office he said so you would love to have this office would and I said not really in his office diamonds known as the great survivor in a career that spans nearly forty years he's managed to navigate his way through just about every panic boom and bust they always CEO who was running the big banks back during the financial crisis who's still there near the survivor last man standing a dangerous place to be talking about survivor you did have cancer tell us about that how did you discover it must've been how shaving I felt a little long here and I want to see my doctor and he felt inside UFO catcher which so when someone says to you you have cancer it is I mean so much on on a matter of like a a punch in the face any fear and of course there but the hardest part honestly with telling my family I just didn't know how to do it I said I'm gonna tell you something okay any and the second I said it was ma'am wow you know in the thought that I couldn't come occurrence so I have my wife call I could could tell me to somebody die before them you're going to stuff in so and you're clean I'm not my fifty years that's that's it so far and say did you ever say I should resign one of the things he's doing is making new kinds of investments in what that story when we come back this.
"morgan chase" Discussed on WMAL 630AM
"Jessica ettinger at the NBC news. Guests happy Friday, just happy Friday, Mary, stocks set to plunge on this last day of May President Trump announced the US will impose tariffs on all Mexican imports starting June tents its bid to control illegal immigration investors were surprised. They don't like surprises futures are plunging, Dow's pointing to a drop now of two hundred eighty points at the open on Wall Street global markets are lower. Crude oil is sticking a little lower this morning. Watch automaker and auto parts stocks today that industry has the most exposure to Mexico and would face higher prices, it would need to pass on to consumers if these new tariffs do happen. J P Morgan Chase paying a bombshell, five million dollars to hundreds of men, because they were told they only get to paid weeks off when a new baby and the families born while mom's got sixteen weeks off. Off. It's God Zillah versus Elton John at the movies Warner Brothers Godzilla king of the monsters in Paramount's. Rocket man are new in theaters. Jessica ettinger CNBC business news on one zero five point nine FM, and AM six thirty W A out. Jonathan cotton with the good feet store. And people often ask me is it true that you liked the good feet arch supports so much that you bought the store, of course? It is. I reply, I had never had a single product transformed. My lifestyle like the good feet arch supports did I never dreamed, that I would run a marathon? But when my planner fasciitis went away after being fitted with arch supports running became even more of my passion. Let me tell.
"morgan chase" Discussed on WMAL 630AM
"P Morgan Chase reported a strong quarter. I'm barton. Individuals and businesses with tax problems, listen carefully. If you owe over ten thousand dollars in back taxes or have unfiled tax returns US Tax Shield can help you take back control. The IRS can seize your Bank accounts, garnish your paycheck, close your business and file criminal charges. Our team of tax attorneys can stop collections and get you protected. US Tax Shield offers a price protection guaranteed quote to get you protected today. US Tax Shield is eight plus rated with the BBB, so call eight hundred five one nine Seventy-seven Ninety-six US Tax Shield, eight hundred five one nine seventy seven ninety six if you are behind on your bills, then this message is for you. How would you like to have a large portion of your credit card debt or medical bills forgiven? National credit card relief would like to give you free information on a proven debt-forgiveness program. It's not bankruptcy. It's not consolidation. This special program actually wipes clean the portion of your debt that is forgiven. Call for your free forgiveness information now eight hundred two nine one six six seven, oh that's eight hundred two nine one six six seven zero. Don't wait. Call. Eight hundred two nine one six six seven oh not available in North Dakota. Hey, y'all Jeff foxworthy here. Now, if you've ever found yourself, repeating the same thing over and over for seventy five years, you might be smokey bear only in prevent wildfires. That's why I'm filling in for smokey to switch things up because there's a lot more to say, and I should know because my grandfather was a firefighter and one of the things he taught me is that the people that love the outdoors. The most are often the ones accidentally starting wildfires. Which means always be why obey no bring your own bucket to the campfire. And be extra careful with things like burning yard trimmings. Don't just walk away or chances are you might be starting a wildfire. So for the love of the outdoors, go to smokybear dot com. To learn more about wildfire prevention brought to you by the US forest service, your state forester, and the Ad Council..
"morgan chase" Discussed on WBZ NewsRadio 1030
"P Morgan Chase a Bill is making its way through the Rhode Island state house that would protect holders of gift cards. The plan would create an escrow account for businesses to hold funds for up to three years, or until those cards are redeemed the Bill would protect businesses for making those gift cards or certificates from becoming invalid in the event of a bankruptcy. Look at overseas. Markets overnight seeing Europe and Asia trending mostly higher four day win streak for the Dow is set to continue at least in the early going this morning. The Dow is trending up by more than seventy points. Coming up this morning on WBZ massive fire in Worcester. Sending more than a dozen people into the streets. And there are injuries reported. Details with Deb Lawler coming up. It's five twenty seven islanders in the Caribbean. Liked to say that. If you don't like, the weather, wait, ten minutes. Hi, I'm RIC Edelman, and that's great advice for the stock market to it's easy to get upset with the market falls. But what we have to remember is that this too shall pass. Let's easy to say. But sometimes it can feel hard to do. So in times like these. When stock prices are swinging wildly one day to the next making you worry that your financial future might be at risk. Here's the advice, you need don't feel that you have to go it alone. I invite you to talk with one of my experienced, financial planners at Financial Engines. Let's take a look at your investments and see if they're doing what you need and expect will either reassure you that you're doing you should be doing or we'll give you recommendations to help. You get the peace of mind you need. So you can well wait for the sun to shine. Once again, call us a triple eight plan RIC. That's triple eight plan RIC or visit us at RIC Edelman dot com. That's rice, Delman dot com. Go to loan roofing now and get a new roof. Peace of mind. Alone roofing dot com. If.
"morgan chase" Discussed on KHVH 830AM
"Thirty thirty you know, buying and holding stock long term has probably created more wealth than any other endeavor. Owning a business you'll get ten people on on the Forbes four hundred list every single one of them their wealth came from owning a business, and we can do the same thing on a on on a smaller scale by owning shares of a company. So if you're looking for a long-term wealth generation stock is powerful, but that takes a long time. You know, you got to be holding for years and nothing wrong with that. But if you are looking to really impact your life in a real significant financial way one thing that I've learned and one thing that I've seen is you've got to learn how to generate multiple multiple avenues of income. And you know, have a job that's fine. But then what if you could also develop a skill set that allowed you to generate additional income in your life that you could then start adding to that wealth bucket that long term portfolio, and that's where other asset classes, two minutes station and. Thirty thirty only focus on one thing and have misconceptions about certain ways of investing. Whereas a new student as much more open to all of that. And so one thing I always encourage my students is is I'm like learn to invest both short-term and long-term they go together. And you don't have to be one or the other. And that's a new idea for some people because they've always been taught you should invest long-term. But pointed out that it was interesting. What are the professionals doing? What are the J P Morgan chases doing the Goldman Sachs doing, and then what are they telling their clients to do, you know, if you really look at that what they tell their clients to do you're in it for the long haul. But then you look at where they're generating their most revenue, and it's from a lot short-term trading. Yeah. Absolutely. There was a report it's a little out out of date now. And I haven't seen a new one. But it went from like two thousand eleven to two thousand and sixteen had this five year period where it showed J P Morgan Chase only had nine losing days in five years. And that's one of the things I used to ask, you know, friends and individ students how. How many of our clients? As know. Starts to show. There is a very big difference between you know, what what is being told is the best for us. And and what is the best for them? Right there ends up being a pretty big a pretty big disconnect and one of the ways where we can help a few people get started on really gaining gaining that knowledge you're getting closer to having the ability of driving that consistency inside of the market's really tapping into some of those amazing tools. You were just talking about is we still got a few tickets here. So what are you? What do you say? We do another quick little giveaway..
"morgan chase" Discussed on WMAL 630AM
"A L where Washington comes to talk. Suzie Orman has a podcast, and it's called women and money. This is a podcast that interacts with you and gets you involved with your money. So if you always feel like you're broke, no matter how much money you're making no matter what you do. This is the podcast for you. Suzie Orman women and money downloaded free and easy to apple podcast, Google podcast. Listen, Suzie, Orman dot com. Wherever you get your podcast from the Westwood One podcast network. Six fifty three now trying to find how your money's doing. Let's go to Jessica ettinger CNBC news desk. Good morning. Hey, Vince, good morning. The clock is still ticking toward another possible government shutdown tomorrow night, but investors, they're not worried about that. They're pretty optimistic. Something will get done. The Dow is up more than one hundred points. Yesterday, futures are pointing to a pop of seventy points for the Dow at the open this morning on Wall Street stocks by the way are off to the best start to a year since nineteen Ninety-one markets mostly higher in Europe. They closed mixed overnight in Asia. Crude oil is at its highest price of the year. J P Morgan Chase is rolling out the first crypto currency by US Bank. The company says it wants to transform the payments business. Everything's done digitally anyway, Airbus will end production of the world's biggest passenger jet. The double decker eighty three eighty superjumbo its customers don't want any more of them. Lots of economic reports for investors to love on this Valentine's Day, including. Retail sales for December. That'll be out this morning should be big because of Christmas. Dow component Coca Cola reports quarterly results in the next hour that may move the markets. It's the only day of the year. People are allowed to get married in New York at the top of the Empire State building. So several lucky couples are up there.
"morgan chase" Discussed on WAAM Talk 1600
"Are too big to fail. It's just so crooked that prosecuting criminals at J P Morgan Chase. And Goldman Sachs is so important to the institution, then those institutions shake south because they're surviving by stealing money from the average person in this country, and nobody is protecting the average person in this country. It doesn't matter if it's someone who's earning twenty thousand dollars a year or someone who's earning twenty million dollars a year because J P Morgan tasteful cheat anybody they've been found to have cheated. They're very high net worth investment advisory customers they cheated there. Auto loan borrowers. They'll cheat anybody. They do business in such a great volume that they can make millions of dollars by doing this. And until the government takes the position against this is just gonna continue Helen in your introduction. I mentioned that you were an advocate for the investors in the Bernie Madoff case, correct? Well, what did you learn most? And probably most what most concern I should say what most concern you of what you learned from Bernie Madoff because you sat down with them. Yeah. What what what what were your takeaways with Bernie? Well, the the biggest calamity in the mailbox case was that Wall Street. Gates, the obligation to provide specific insurance to every customer. And this is something that you will never get a major newspaper. Well, TV station to acknowledge but in nineteen seventy congress enacted securities investor Protection Act at a time when the industry was moving away from certificates and securities to enter ticket and security, so whereas before nineteen seventy if you bought one hundred shares of IBM, you've got a beautiful piece of paper with a stamp on it. And and ribbons indicating that IBM had set aside certificates for you. But after nineteen seventy because of the securities investor Protection Act people who bought securities just got an acknowledgement from their broker they got a statement, which said, congratulations, Helen shave one hundred shares of IBM. In order to encourage people to trust that new system, which didn't have the security of physically holding a certificate. Cromwell established the securities investor protection corporation which advertise that it ensured every customer account up to five hundred thousand dollars based on the last statement one mistake, so it was kind of like FDIC insurance for Bank deposits. And in fact, when.