35 Burst results for "Td Ameritrade"

"td ameritrade" Discussed on Thinking Crypto News & Interviews

Thinking Crypto News & Interviews

03:01 min | Last week

"td ameritrade" Discussed on Thinking Crypto News & Interviews

"We talk about hot versus cold wallets. So we have both traditionally cold is very difficult to do and very difficult to do well in very difficult to access, which is the entire intent of that. And so we leverage that as much as we can. We want our customer assets to be safe. And so as we think about expansion of custody in the future, those are the types of things that we look at. In terms of the custodians that we want to use and I would expect those will be the types of things that matter as we get regulatory clarity and in additional participants enter the space enter the custodian space, right? A point to you have anchorage you have baker New York Nolan, very large traditional custodian getting into the digital custody space and I'm sure there'll be more to come as the months and years kind of turn through. A question just came to mind because I remember following eris X, which of course you guys acquired. And they were partnered with TD ameritrade. I remember TD ameritrade had a page on their website, talking about how clearing and all these things are done through a sex. Is that relationship still there? Are you guys connected to TD ameritrade or any other major partners that you can highlight? Sure, absolutely. And it's a fantastic segue I think one of the things we just announced yesterday evening via press release is the closure of our equity syndication process, which is brought together 14 industry partners as equity participants and minority shareholders within sepo digital. And so, you know, I won't go through the full list, but it's a really fantastic cross section of industry participants that are maybe some folks would consider traditional finance. Type firms and then obviously crypto native type firms in there as well, but it also spans from intermediaries and retail broker dealers to market makers and proprietary trading shops. And the purpose of this is to really help super digital mission in terms of growing a regulatory first. Transparent and trustworthy market in digital assets. And I think another important piece of this is in the light of significant industry events. It's still shows the convictions that very major players in the industry have in the future of digital. With this partnership with them. So there's firms in there like Robinhood. There's firms in there, like virtu, B two C two, dynamic free, I don't want to let you know it's a fantastic group of firms. That to your point, I think we'll continue to work with as they build out their services and products for their customers and we service them as an exchange and clearing house. You know, from your perspective, as

TD ameritrade Nolan anchorage New York
"td ameritrade" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:11 min | 7 months ago

"td ameritrade" Discussed on Bloomberg Radio New York

"Brian chuck This is the Bloomberg business of sports show where we explore the big money issues in the world of sports I'm Michael Barr along with Damien Sasha let's continue our conversation now with the former chairman of the board and CEO of TD ameritrade Joe moglia who is also a former head football coach at coastal Carolina university which brings me to a story I must ask about involving my man in Damien Sue former Detroit Lions player I love that guy And this was at the time you were advising about them The number one overall pick at the time when he was on creating a budget for his rookie contract This was way back in 2010 Please lay some knowledge on us What happened Well I spent two years at Nebraska when I decided I wanted to go back to football and Tom Osborne was good enough to have you spend some time with both the leading and Bo when I hit it off And he offered me that opportunity for you to have So for two years my title was if you actually have advisers that had football coach but I was there full time with the staff And the guys don't know the plays what my role had I just stepped down as CEO and I was strongly chairman And they don't get too much of that in the football locker room where on campus And they were aware of that And the damaging of course was having an incredible year And he knew he was going to be a top pick and he knew that the money was going to be significant And he had spent some time talking to me about everybody wants a piece of him but there's going to be time when he really might need a little guidance and could he count on me for that And then secondly and here's where I thought he was very very thoughtful and insightful He said there are too many players in the NFL or NBA for that matter that after they've left the league they don't have any of the money left And I really want to make sure I'm doing a good job of saving and investing my money So whenever I step down whether it's 5 years or ten years or 15 years whenever it is whenever I step down I really does a good job of investing my money So I have enough to live on so I worry about it in the lifestyle that I wanted for me and my family et cetera So I shared to be glad to help with that And we talked about how taxes affect things And we talked about different things and different things that you think about But then I also talked about how critical it is People really most times don't really know what they're doing with their money And I don't care if you have a lot of money or why don't you have to have a little bit of money I think the budget is a very very wise thing to have At the very very least you recognize where you're spending money In certain cases you may need it to limit yourself to spending a certain areas In other areas you're not necessarily but you at least know where the money is being spent I told them about the kind I wanted to put together a budget But he had to come down to my office which is travel the hour and shows up at the office of wearing a suit and I was pleased with that And he showed me his budget But it was like $60,000 I thought that was pretty good I said but the money you're going to be making is going to make an astronomical amount of money Maybe that's half of it at the taxes that we're going to have But with the people that you're going to be involved with and people are going to be traveling with and your buddies and your peers within the link the lifestyle is going to be very very different from that So you really need to think more thoughtfully about how you really would live two years from now three years from now and you might want to do the budget So he came back about a month later Again in the budget I think it was around $220,000 I don't really exactly what it was But he and I have stayed friends and we have done a lot of things together And some of the businesses that I'm involved with I have introduced them to all those guys And he's very very thoughtful guy And he's a smart guy He's an engineer by traders in the real estate business in terms of construction but with regard to his family So we have contacts over the years And Joe I'd like to ask you a little bit about the trend in sports gambling $87 billion $87 billion in legalized sports gambling expected in the year 2022 here in the United States That is a big number What's your thoughts on it How do you think that's impacting college sports How do you think that's impacting all that we've been talking about with NIL and player rights and what have you I mean do you think it's a good thing or do you think this is a real risk going forward All right so I think again I remember when we talked about the NIL initially I said as a business guy I can see the money and I can see why that money needs to be better distributed Okay so with regards to gambling the common sense part of me says people going to gamble whether it's legal or not Is it going to gamble So if I'm running a state you know I would rather get my taxes I would rather I can significantly help increase my own balance sheet in my budget by having that well that tech So I would rather I think it's wiser to have all that legalized than not Period Because you're going to happen anyway So you may as well legalize it And then you have again then you're going to have some structure around it Number one number two and so we've got to be in a yellow impact and have on players So people are betting on games now So if somebody wants to buy a player to cheat buy a player to not give it a very very best in the game He does it in the past he's supposed to he throws the ball he's not quite on target that particular day Whatever it might be fumbles is running whatever it might be Well that's how.

football Brian chuck Michael Barr Damien Sasha Joe moglia Damien Sue coastal Carolina university TD ameritrade Tom Osborne Detroit Lions Bo Nebraska NBA NFL Joe United States
"td ameritrade" Discussed on TIME's Top Stories

TIME's Top Stories

01:54 min | 7 months ago

"td ameritrade" Discussed on TIME's Top Stories

"This podcast is brought to you by TD ameritrade. You have an investing style. TD ameritrade has a mobile app to match it. Check out TD ameritrade mobile and think or swim mobile to find the one that's right for you. Long-lasting birth control is already hard to get. Advocates worry it may only get worse by Jamie ducharme. When Rachel, a 35 year old from Colorado learned four years ago that she was pregnant despite taking birth control pills, she wanted to make sure it didn't happen again. The stakes were high. In addition to not wanting kids, she has a uterine deformity that makes pregnancy risky. She terminated the pregnancy, then began looking for long-lasting birth control. Rachel, who asked to use only her first name to preserve her privacy, lives in a rural part of Colorado, where the only local health system is Catholic, and doesn't offer most forms of contraception under the ethical and religious directives for hospitals. Even though Rachel had been receiving care there for years, her provider could only refer her to a women's health clinic an hour away when she asked about birth control methods like diaphragms and intrauterine devices. IUDs. Though she was initially interested in reversible methods of contraception, Rachel ultimately decided to have her fallopian tubes removed. A type of permanent sterilization when she made the trip to the women's health clinic. My first impulse when my husband and I got home was, I need to tell every woman I know to check your local health system. If its faith based, you need to figure out what that means for you. Rachel says, we found out the hard way. Birth control is harder to get in the U.S. than it should be. Many options are available, including.

TD ameritrade Rachel Jamie ducharme Colorado U.S.
"td ameritrade" Discussed on Homo Sapiens

Homo Sapiens

02:45 min | 1 year ago

"td ameritrade" Discussed on Homo Sapiens

"A soft place to land. If they just had someone's arms to fall into, that everything would be okay. And it was until they died. But they didn't die alone. And I don't see, you know, Dan and I are old friends, and I've always pictured death as a drag queen with red hair and an old west like a bar made up on top of an upright piano and the old west movies. And in a bar. And you know, death and I were old friends. And she would come. And, you know, it just, I don't know if my imagination or if she was really there. I don't know. But, you know, it helped me. And I would tell my guys, you know, about death. And made it not as scary. And they did a study, didn't they have how long people lived after HIV developed into aids and they found that the boys who were with you or the men who were with you lived how much longer? Two years longer than the national average. And that's because of I loved them. That was the only thing they could think of is I loved them. They were loved, and they were cared for. And there was no paper gowns or gloves, we just loved each other. Isn't Ruth. Just wonderful. That's the end of part one, go back to the feed for part two. Do you hear that? It's the sound of TD ameritrade's education center, working smoothly behind the scenes to curate its own content. So you only get what's relevant to your investment goals and interests. That means no waste of time. Just information that matters. Head over to TD ameritrade dot com slash education to start learning. Member SIPC. Catus readers make reading glasses that don't suck, caddis is an anti anti aging brand here to help you own your age in a pair of handcrafted high quality readers. All catas readers feature handcrafted designs across a variety of styles, including sunglass and progressive readers that you can wear all day. Catas readers also feature infused blue light blocking technology along with anti smudge, anti scratch, and anti glare coatings. Save $10 on your order at Cadiz life dot com using code podcast ten that CAD DIS life dot com Kati's life dot com code podcast ten.

TD ameritrade Dan HIV aids Ruth SIPC
"td ameritrade" Discussed on Biz Talk Radio

Biz Talk Radio

06:59 min | 1 year ago

"td ameritrade" Discussed on Biz Talk Radio

"Now, I would also while you're doing that You need to let TD Ameritrade know that. That you need to let them know that she has passed. You need to let them know that you have the rights to survivorship. So that's basically your account. So that shouldn't be an issue, but But my fear is that he might try to claim something there from them, so you need to make sure they are aware. That she was not married. And she does have two Children. Now. The problem is that it doesn't It kind of doesn't matter that He didn't Recognize. Your daughter as common. Um um, partner or anything like that. It really doesn't matter. The fact of the matter is that after seven years That kind of The situation that he could be He could do that. Um, and he would he would probably win that. Now. Hopefully he doesn't know that and hopefully hasn't done anything yet about that. But if you you should talk to her business her company and find out about their life insurance company, tell them that you are in the process of going through. Um, the legal process to make sure that the custodian there's a Custodio account for the Children in your name for those benefits. And please don't pay them out, obviously, so you need to ask them to do that. And in the meantime, you're going to have to try to get a custodial relationship for your grandchildren. You should not have a problem doing that. You would be the next of kin. Legally, That would not be an issue. It should take no no time at all, And it will be relatively easy to do that. It's unless He would be protesting that He probably doesn't know about the life insurance. Um, the Canada TD Ameritrade is somewhat irrelevant because you're on it as a Um, rights to survive as a survivor. So, um, that's that's not going to be an issue, but the life insurance would be then what you need to do is set up. A trust account. And your grandchildren would be named in that trust account, a successor. Trustees, and in the meantime, you would be the main trustees on that account and that and you know, have it written such that if for some reason, If something were to happen to you and your wife, then you would point a successor. Custodial for the minor Children. On on that trust. So your goal was to get all her assets in that trust. Um which again? You won't. You should not have any trouble doing unless there is a protest. So you need you need to make sure that you can go to the courthouse and get a certificate saying that you are the right fall. Um, the court has deemed you which again won't be a problem. Deemed you as the beneficiary on her assets. Um, so and and custard, But the harder part will be the custodian of the Children because the Children are not your next of kin. Your father is So it's a little bit more difficult, but I think you can probably make a very reasonable and easy case to the courts. Um, to make sure you they appoint you are such and I don't mean custody. I'm not talking about custody. You can do that, too, if you want that would solve Um, all the problems but that I'm talking about, um, produce very custody. Did you get all that? Well, I know that was a lot of information. I'm sorry. Yes, we did. We do have one more question. Sure, I'm going to count my wife's a nurse. And like I said he hasn't worked only just three years out of the 15 years, so he's kind of basically That he's never been motivated to do anything. And, uh um These One. The her monthly disabled checks are coming in, and I don't know what to do with them and to my wife says her my daughter's medical bill. Is probably about a million dollars. And, um Would that go against? Thanks. My my daughter's. Um Finances. That are left behind. Um Technically Yes. Um, but They could also Disappear. Go away, and that's why you want they could do it on their own. She has no successor. Um and no one to pay and again. I think you get a good family lawyer and I think that they can take care of that. Mm. I'm sorry. I did not hear you. Um, but we'll be right back. You like business content? I mean, if you didn't like business content, you wouldn't be listening to the show, Right? What if I can give you even more of what you like now? We've never met..

15 years TD Ameritrade two Children three years about a million dollars one more question Canada after seven years
"td ameritrade" Discussed on Talk 1260 KTRC

Talk 1260 KTRC

05:36 min | 1 year ago

"td ameritrade" Discussed on Talk 1260 KTRC

"Stay out. Well, yeah, I'm done. Honey. How about you? Yeah. Let's get the hell out of here. All right. Uh, did you watch the big game? Yes, Yes. Enjoy that. Uh, Hopefully everybody learned the lesson That's not left. The better. Dense the best ever right now. Don't Don't give it to the kid yet. All right, um, you know, so You know, don we've been talking about You know the steps that you do that? What? Savan Wealth management services You provide, uh and that you can do it in person. You can do it virtually People can hire you by the hour or give you the entire, um, you know, do everything for me manage my money. Do my state planning all of that, Um At times, you know, at times, I think people disqualify themselves. They may think. Well, I'm just you know, I'm not qualified. I'm not rich enough. This is too complicated s O. I won't do anything. Which is probably a mistake. Can you give us an example of maybe what we should do before we email you would call you Well, 11 simple step to do to take that. Everybody should take this to try to organize their finances. Um No and the reality of the world is that businesses successful businesses. They all have organized finances, and so the question would be shut the household having organized finances. And a lot of people sense it's it's just too complicated, but it's really not. There are three simple steps that people can take. That really moved that forward. No one is Rationalized all of your accounts don't have more than what you need. I've run into people that have five. Checking it down. Okay, one checking it down this for my Christmas fun. One checking account is for this. For for the vacation fund, you know, Um well, one of the realities of that is in this day and age. Tamora count you have the more susceptible you may be the bank fraud and that everything And additionally, quite honestly, when we have financial accounts, we should be monitoring them in the market. Don't you have the harder it is to monitor so rationalized the towns that you have. Another example of the people that have had multiple previous job. I've got a 41 day plan at my first job. I have a forward K plan. It's still on my second job. I got a form with a plan and my current job. Well. Oftentimes will say, Hey, I just want to shut them together, but There are times where I did, and this Dan age of identity theft and fraud where, uh, people have probably heard about for legacy for one K plans being stolen and taken it so Right. Why bother Having all of those, um different in town? Let's say you do, Don, let's say you have to or, you know three Or one cave account from former employers. Can you consolidate those? Can you close out, one move it to the other without penalty of taxes or anything else. Yes, she can that the rules of this for any time you have left employment from some from an employer. You have that you should have the option to be able to roll that into a self directed IRA. You opened up in the IRA with a brokerage account, Doctor. Be anybody. Fidelity. Schwab, TD Ameritrade, local trust something, whatever you want. You opened up the IRA, and then you direct the, um the, uh, accent player who roll the funds into that. Sometimes they send you a check and you have to deposit it. The other option is, if you if your current, um, player allows it, you could roll the old for one day plans into the current employers plant. The reason why you want I wanted to do that is is because you know they've got a great plan, and they're great options but typically the way it works, so if you do it on the self directed IRA You have more investment options. Um And and therefore more flexibility. All right, so start to organize, start to consolidate, Make those your first steps. It'll be more secure and you know, in an age of everybody's trying to get our money. Steel, right, right. Mother step didn't take this to use technology to help you out. All businesses have some type of bookkeeping software that they used well. Most households are most individuals. I should be able to use that to their stuff out there. Um, meant, uh, Quicken. You need a budget that time that you can actually link your bank accounts into That didn't organize your finances in the pretty easy manner. I I haven't had my own business for for 20 years. I really stroke to do that. And and so what I do now on the personal level as I have, um, essentially use QuickBooks to run some of my business. I actually like my both like check in the bank account. All the transactions come in automatically into the software and I didn't run. On a moment's notice and income statement or balance sheet or if I need to do tax information, I could do that, too. So I've only does it help organizing and provide you better information. They also make you more efficient in terms of if you have to provide.

IRA Don TD Ameritrade Dan age Schwab
"td ameritrade" Discussed on Biz Talk Radio

Biz Talk Radio

03:53 min | 2 years ago

"td ameritrade" Discussed on Biz Talk Radio

"It's smart, because Okay, so the funny part about this whole tic tac thing That's happening last week as I went on, and I said, Look, it What's happening with Robin is little miss characters being mischaracterized in the news. They had a responsibility a fin requirement to protect all shareholders, not you and all of their their broker dealer. What's interesting is I like how now they're taking this approach of teaching these these these novice investors who are streaming on the Internet, as well as some pretty savvy investors. Is that going to set the stage for the TD Ameritrade's of the world and the Scott trades in the world we and the Fidelity's of the world Where Johnny Lunch bucket, the city CEO trade every single day, but they're sort of been these quiet behemoths because they could not necessarily because they should talk about that a little bit for us, David. Yeah, I think what's happening is that we're smart money's gonna go next is and smartly investors, just smart investors and people that are more sophisticated. They're trying to better understand the system. How does the system work? Robin has attracted a fleet of new users. And while their whole thing is democratizing access and giving everybody the ability to trade stocks, they're still fundamental issues with the system. The T plus two settlement time is a big aspect of that. So one of the things that we do is we deal with real time settlement. And everything is gonna have to move to that. So I think you're gonna see the permanent trend towards understanding market structured by retail traders. Where's before that would have been something that would have been of no interest. They're just looking for a hot stock tip or a good idea of something that's trending, But I think you're gonna see a lot more sophistication about market structure. So so in and where does that leave the current system of equity trading? Versus and I think everybody got a lesson on what short selling is. I mean, by the way, I think the biggest lesson I could give this last week is that stocks were the only asset you can sell before you own. You can sell that house before you own. You can't sell a car before you won't. But you can sell equities. How do you think this is going to change the big picture? David? I think that it's going to. It's going to open up a lot of opportunity for for Fintech players of all varieties, because again we always think that this plumbing the plumbing is bad. The plumbing doesn't work. It doesn't serve people and this is creating openings for all sides front in mid office back office technologies that conserve all of that. Ripe opportunities. And while you see the incumbent players looking at those things, or investing in companies from from our experience, most of them are not moving nearly fast enough, and they're comfortable there. Complacent so they haven't felt the need to. But I think that fire is gonna get ratcheted up on them to look at ways to innovate or they're gonna lose market share very quickly. And you know what's interesting here is I think it's going to. I think the as you call it the importance of democratizing access to stable capital as well as democratizing the ability to grow that capital, right? Yes, I think that's important. Everyone talk to us a little bit about the impending financial crisis because of the amount of money flow versus interest rates historically, go back to 1943 after World War two. It's the last thing we've had money flow that looked like this. You give a real quick comment on that one for us where we are we concerned that we have that we have put too much into the system here. Yeah, of course. So, just a point from from previous show that I was on with you guys talking about the year over your money supply. It's just absolutely going Bizerte double digits everywhere, all major economies and this has a real world effects. So since I was last on the show, we just look at a wide swath of commodities this year. Several of them are up double digits, numbers up double digits, iron or coffee. Nickel. All these things were starting to take hold. And when that inflation takes root, the the destruction that it leaves in its wake is severe, and that's the piece we have to look at. David is that Money flow equals money flow equals every single time Inflation. Hey, Dave will see you next week. And I Yes,.

David Robin TD Ameritrade CEO Fintech Scott Dave
Robinhood is the controversial trading app behind Reddit's GameStop surge

The 3:59

05:28 min | 2 years ago

Robinhood is the controversial trading app behind Reddit's GameStop surge

"So at this point everyone knows about the massive run-up of game stop stock. Although at this point it's it's a bit on a decline this morning. We'll see where it actually goes but let's talk about the training app. That really has been a play a central role in this. And that's robin hood. keep briefly. Describe what robin hood is sure. So robin hood is its own. Investing app is launched Won't watch twenty fifteen and it was designed to be for to get investing for the people it's to democratize investing where there's no fees and it's been a hit with millennials that makes primarily of its Accusers are millennials. Who want to either. Learn how to invest. A word tried different than try to put their money in different stocks. It's it's become very big. Especially has we all become aware of with the sub. Reddit wall street bets right before this all hit of the last week or two or three quarter note. That robin hood had become extremely popular over really the last year during the coronavirus lockdown right with the law people at home i'll folks with disposable income younger folks and not much also do investing and trading through robin hood had been a avenue new trend. So i'm curious. How robin hood works differently than some of these other services. Because we've got e-trade td ameritrade a number of these brokerage firms that also allow for trades. How does robinhood sets off apart. What one of the big reasons why would sits at apart as well as being a big reason why it's popular with wall street. Bits is that it allows for all these extra options when it comes to trading sucks it allows you to do put all these terms that are essentially bet hence the reason why wall street bets likes it so much because you could go wit put in a couple of hundred bucks and you could actually take some money out on margin and that means you borrow the money so say can make these bets on stocks and a lot of other apps. Don't do that. There's a acorns and s-o-f-i and there's all these other investing apps that do allied to buy shares and a do it for free like robin hood but need they don't let you do all these different fats. Different options that you can actually make really big money very quickly. And that's why with wall street beds. It's become such a big deal there because that's kind of they created this environment where you say. Hey i'm going to spend. I just got a i just got my student loans and i'm gonna put it all on apple and they just cheer you on. Just say yeah do it and try to make a lot of money. Our try to lose a lot of money. They tell you on that you lose money. So that's why they robinhood because you can't really do these kind of bits and a at these other apps or even like your bank your baked me let you do different kinds of investing. But it doesn't you all the very intense and very risky but also big returns bets like Robinhood does return a really big losses. There's a reason. Why a number of these investment mechanisms think things like investing in puts and stock options. Though those are there's a huge potential for losses with this kind of investing a traditionally. This been really been reserved for more traditional dusters. That's part of the reason why it's courted. Some controversy right like this is a company that even before all the game stop. Hoopla has been accompanying that has caused some controversy and some criticism for the way that it's gamified the investment process. Yes especially last year. there was a bug that happened last year over a it was kind of a between last year before where people were able to deposit two thousand dollars and they were able to borrow essentially infinite amount of money from robin hood. So you were having these young guys in their early twenties. Maybe like the late teens. Who were all of a sudden pudding in these Short says these other options for stocks and within seconds they were down fifty thousand dollars eighty thousand dollars and they all kind of cheered for that though. So it's it that became a. That's when robin hood really got a lot of people's Because all of a sudden these kids were losing out on big money and they were. You know there were some people that I believe there was at least one who took their life Because of it it is. It's a risk that you're putting in the hands of people that can't even drink yet and they're being cheered on by other people that are saying. Hey if you do this you could make a lot of money. Quick and things get on head

Robin Hood Robinhood Ameritrade Reddit Hoopla Apple
"td ameritrade" Discussed on Newsradio 600 KOGO

Newsradio 600 KOGO

02:47 min | 2 years ago

"td ameritrade" Discussed on Newsradio 600 KOGO

"We sell, We'll make a pretty profit. So Gamestop went from 18 Bucks three Fridays ago. Doubled in four days. Then it kept shooting higher this week. A stock that three weeks ago was 18 bucks. Went to $347.51 today. It closed about 3 28. None of this. My friends. Reflects any market valuation that's legitimate. Nothing about Gamestop has changed. There's still a piddly little retail store. There's a couple things that they're gonna try to do differently, but by and large It doesn't justify a $328. Her share price. It's now worth 2 $22.2 billion What's in angering a lot of people. Is that when the fat can't hedge fund guys got their profits threatened Suddenly the government came in and said This is honored for inappropriate. We have to investigate speculation and we're like. Excuse me. You're gonna investigate speculation. What do you What do you do about all your hedge fund guys that are writing big fat checks. Oh, it worse. Certain online trading platforms like TD Ameritrade and Robin Hood stopped or restricted the trade of the shares of this company, Gamestop, So they're basically allowing hedge funds to continue to trade in the stock to save their You know what While limiting these activists who are buying shares just to cram it up the rear end of these fat cat, Wall Street guys. You're suggesting But if you make money the same way they're making money. But you need to be stopped. And that somehow what you're doing is criminal. Oh, I find that highly highly highly ironic. Coming up. My good buddy Sully, our business editor. I's gonna be a long and I want to explore with him. Could this happen to other companies? What does he think this is going to do to the market? The stock market went way down today. I think it has large part because of the uncertainty about these sorts of Wild swings for shares. Esso. He'll help us sort it out, and I'm gonna have him. Give me a letter grade on my little description. They're coming up on the DIA report. First traffic. I'm not as bad as you might think. On the freeways, given the recent Hale and rainy conditions from helpful San Diego 100 dealers, Traffic center South 1 63 crashed friars is clear from the left lanes. You might find a backup left over from that right around the you know five and the same story for the North 15 and friars with red cleared from the left. Snowy conditions in our local mountains. Bring the change with you and avoid the 79 between Sunrise Highway and Julian Roads completely blocked with a crash their.

Gamestop Robin Hood TD Ameritrade San Diego Julian Roads Sully business editor
Robinhood Freezes Stonks!

Techmeme Ride Home

01:24 min | 2 years ago

Robinhood Freezes Stonks!

"Robin hood says that due to quote recent volatility it is restricting trading in some stocks including game stop. Amc blackberry and nokia to position closing. Only that means. If i can translate you can only sell not by those stocks for the time being those last three stocks by the way stunks guess our stocks that people think the wall street bets folks will be targeting next quote free stock trading pioneer robin hood and interactive brokers both made efforts to curb the wild trading activity in heavily. Shorted names like game. Stop amc blackberry and costs on thursday. Initially shares up game stop reverse course and slid quickly in a negative territory as the word of the trading restrictions spread the stock which traded above five hundred dollars at one point in pre market trading was below two hundred ninety dollars per share shortly after the opening bell the steps by robin hood and interactive brokers taken thursday. Even more drastic than wet brokers did earlier in the week td ameritrade and charles schwab raised margin requirements on wednesday robin hood. Customers took to twitter to express their outrage surrounding the decision. Robin hood has made a name for itself through. Its mission to democratize investing for everyone the silicon valley startup with more than thirteen million pioneered free trading forcing the entire brokerage industry to drop commissions in late. Twenty nineteen and quote.

Robin Hood AMC Nokia Ameritrade Charles Schwab Twitter Silicon Valley
"td ameritrade" Discussed on KHVH 830AM

KHVH 830AM

05:16 min | 2 years ago

"td ameritrade" Discussed on KHVH 830AM

"H V h radio dot com. By the way, folks look at this short sellers are sitting on an estimated loss of $70.8 billion from their short positions in the United States. And cos they're in on the stock market so far this year 70 billion. The vast majority of that chalked up during this game, stop business, 70 billion and climbing. 70 billion. The hedge funds have got to come up with in cash. If they want to maintain their positions. By the way we're going to get into this is the program unfolds. Breaking news. New York Attorney general has accused Governor Cuomo of under reporting nursing home deaths by up to 50%. The New York attorney general, one Democrat on another Is accusing Governor Cuomo of under reporting this Babe's names. Letitia James. Released a report today Detail ng the investigations in Our office is conducted. Report shows the nursing home deaths in New York state were likely undercounted by up to 50% by Cuomo himself. And his office is his agencies. This. This could be the issue that eliminates Cuomo from the name. Of power broken will see. It's a long shot. But anyway, back to the phones, we got Ryan here in Wichita, who? Part of the Reddit group that was driving the price up on games, Doc. How you doing, sir? Great to have you here on the program. I'm doing great rust. Great to talk to you have been listening to you since I was a little kid. My dad had me listening to you and the little kid And now I'm 41 years old. Let me ask you how surprised were you when you heard me discussing Gamestop today? Turn the radio on and I drive to work and I'm like I got a call Rush. And I called about 30 times and got through and I'm like today's my day. There it is. Yes, sir. Okay, so tell us what's what's the scoop. Okay. The scoop is is I got involved about a week ago. I kind of found out so I'm big into Bitcoin. I'm on the Bitcoin page on Reddit, and they were talking about Wall Street bets. I get over the Wall Street bets. I joined the group that a lot of reading a lot of research found out about the Gamestop deal looked into. It's all the short position that kind of understood what was gonna happen. Got in last Wednesday around $38 and wait, Wait, wait, wait, wait, wait. Now, this important for people that don't follow is something that you got in a $38 a share Creek. And it started to move up on got a little wild so and I'm a day trader. So I was in and out of it a few times and it just kept going up, and it just turned into a wild fire. And it was really there was more than Gamestop to Blackberrying. AMC were two other ones that were on fire, too. And then it all came to a screeching halt this morning because Robin Hood, TD Ameritrade and Swab all blocked those users from buying exactly Schwab TD Ameritrade. And added, Uh, Robin Hood all suspended trading. In game stop, and they would let you sell, but they would not let you buy, which is why the prices plummeted this morning. All the while, I guarantee you the hedge funds were short in the thing to death because they can do whatever they want. And so you are living breathing, testifying evidence that the market is rigged for the big boys, just like the political market is rigged for the American left. Absolutely. It is reaffirmed my My dad has been telling me for a long time that it's been rigged for the big boys. And this morning I've been I've been trading stock since I was 17 years old and my grandma left me money you know in her will when she passed away and put it in the stock market. I've been playing ever since. I've done well over the years, but today I sold everything. I sold everything. There's cash in the account. I don't know what I want to do. I think I'm just gonna bullet. You see, you started to earn too much you and your compatriots on reddit. You started to earn too much, and you were earning it from the elites who thought they were in control of a game. This is you're saying it was the big transfer wealth and That's not the game. The game is the big boys get bigger and the middle class stays poor forever. That's that's the game. Or static. You know one exactly. They you've you've you've nailed it there. So here's a guy playing the game. Here's a guy got in a $38 a share. Now, the users of the APS are not being allowed to buy game stop. It's been shut down by TD Ameritrade. Schwab and Robin Hood. Those of the three ways that you had Of Buying stock going long going short. However, you wanted to do it, so he sold everything today. And got out. After realizing that he had topped everything he wasn't gonna be able to do it because they were now. Limiting his upward expansion. Mobility. How to take a break. We'll be back and continue after this. Don't go away the most powerful.

Robin Hood Governor Cuomo Gamestop Reddit TD Ameritrade New York United States Letitia James Attorney Schwab AMC Ryan Wichita Blackberrying
"td ameritrade" Discussed on KLBJ 590AM

KLBJ 590AM

05:11 min | 2 years ago

"td ameritrade" Discussed on KLBJ 590AM

"Or invite the way, folks look at this short sellers are sitting on an estimated loss of $70.8 billion. From their short positions in the United States and Cos they're in on the stock market so far this year 70 billion. The vast majority of that chalked up during this game, stop business, 70 billion and climbing. 70 billion hedge funds have got to come up with in cash. If they want to maintain their positions. By the way we're going to get into this is the program unfolds. Breaking news. New York Attorney general has accused Governor Cuomo of under reporting nursing home deaths by up to 50%. The New York attorney general, One Democrat on another is accusing Governor Cuomo of under reporting this Babe's names. Letitia James released a report today Detail ng the investigations in Our office is conducted. Report shows the nursing home deaths in New York state were likely undercounted by up to 50% by Cuomo himself. And his office is his agency's This This could be the issue that eliminates Cuomo from the name of power broking them. It will see it's a long shot. But anyway, back to the phones, we got Ryan here in which it's on. Who are part of the Reddit group that was driving the price up on games, Doc. How you doing, sir? Great to have you here on the program. I'm doing great rust. Great to talk to. You have been listening to you since I was a little kid. My dad had me listening to you as a little kid. And now I'm 41 years old. Let me ask you how surprised were you when you heard me discussing Gamestop today? Turn the radio on and I drive to work and I'm like I got a call Rush. And I called about 30 times and got through and I'm like today's my day. There it is. Yes, sir. Okay, So tell us what's what's the scoop. Okay. The scoop is is I got involved about a week ago. I kind of found out so I'm big into Bitcoin. I'm on the Bitcoin page on Reddit. And they were talking about Wall Street best. I get over the wall Street bets. I joined the group that a lot of reading a lot of research found out about the Gamestop deal looked into it saw the short position that kind of understood what was gonna happen. I got in last Wednesday around $38 and wait, Wait, wait, wait, wait, wait. Now, this important for people that don't follow is something that you got in a $38 a share. Correct? Yes. And it started to move up on got a little wild so and I'm a day trader. So I was in and out of it a few times and it just kept going up and just turn into a wild fire. And it was really there was more than Gamestop to Blackberrying. AMC were two other ones that were on fire, too. And then it all came to a screeching halt this morning because Robin Hood, TD Ameritrade and Swab all blocked those users from buying exactly Schwab TD Ameritrade. And Robin Hood all suspended trading. In game Stop, They would let you sell, but they would not let you buy. Which is why the prices plummeted this morning. All the while, I guarantee you the hedge funds were short in the thing to death because they can do whatever they want. And so you are living breathing. Testifying. Evidence of the market is rigged for the big boys, just like the political market is rigged for the American left. Absolutely. It is reaffirmed. My My dad has been telling me for a long time that it's been rigged for the big boys. And this morning. I've been I've been trading stock since I was 17 years old. And my grandma left me money in her will when she passed away and put it in the stock market. I've been playing ever since. And I've done well over the years, But today I sold everything. I sold everything. There's cash in the account. I don't know what I want to do. I think I'm just gonna bullet. You see, you started to earn too much you and your compatriots on reddit. You started to earn too much, and you were earning it from the elites who thought they were in control of a game. This is you're saying it was a big transfer wealth and That's not the game. The game is the big boys get bigger and the middle class stays poor forever. That's that's the game. Or static. You know one exactly. They you've you've you've nailed it there. So here's a guy playing the game. Here's a guy got in a $38 a share. Now, the users of the APS are not being allowed to buy games Stop. It's been shut down by TD. Ameritrade, Schwab and Robin Hood. Those of the three ways that you had Of buying stock going long going short, however, you wanted to do it. So he sold everything today and got out after realizing that he had topped everything he wasn't gonna be able to do because they were now. Limiting his upward expansion. Mobility got to take a break. We'll be back and continue after this. Don't go away. But most powerful name.

Governor Cuomo Robin Hood TD Ameritrade Gamestop New York Attorney Schwab United States Reddit Letitia James AMC Ryan Blackberrying
"td ameritrade" Discussed on 600 WREC

600 WREC

05:35 min | 2 years ago

"td ameritrade" Discussed on 600 WREC

"Neighbor who begged you banana bread only from progressive, regressive casualty insurance company and affiliates, person governmental emitted by state law and in here, and I've got news, traffic and weather in minutes. But now it's more rush on NewsRadio, One of 55 w. E. R C. By the way, folks look at this short sellers are sitting on an estimated loss of $70.8 billion. From their short positions in the United States. And cos they're in on the stock market so far this year 70 billion. The vast majority of that chalked up during this game, stop business, 70 billion and climbing. 70 billion. The hedge funds have got to come up with in cash. If they want to maintain their positions. By the way we're going to get into this is the program unfolds. Breaking news. New York Attorney general has accused Governor Cuomo of under reporting nursing home deaths by up to 50%. The New York attorney general, one Democrat on another Is accusing Governor Cuomo of under reporting this Babe's names. Letitia James released a report today Detail ng the investigations in Our office is conducted. Report shows the nursing home deaths in New York state were likely undercounted by up to 50% by Cuomo himself. And his office is his agencies. This. This could be the issue that eliminates Cuomo from the name of power broking. Them will see it's a long shot. But anyway, back to the phones, we got Ryan here in Wichita. Who are part of the Reddit group that was driving the price up on games, Doc. How you doing, sir? Great to have you here on the program. Doing great rust. Great to talk to. You have been listening to you since I was a little kid. My dad had me listening to you as a little kid. And now I'm 41 years old. How surprised were you when you heard me discussing Gamestop today? Turn the radio on and I drive to work and I'm like I got a call Rush. And I called about 30 times and got through and I'm like today's my day. There it is. Yes, sir. Okay, so tell us what's what's the scoop. Okay. The scoop is is I got involved about a week ago. I kind of found out so I'm big into Bitcoin. I'm on the Bitcoin page on Reddit, and they were talking about Wall Street bets. I get over the Wall Street bets. I joined the group that a lot of reading a lot of research found out about the game stuff deal looked into. It's all the short position. I kind of understood what was gonna happen. I got in last Wednesday around $38 and wait, Wait, wait, wait, wait, wait Now, this important for people that don't follow this something that you got in a $38 a share, Correct? Yes. And it started to move up on got a little wild so and I'm a day trader. So I was in and out of it a few times and it just kept going up and just turn into a wild fire. And it was really there was more than Gamestop to Blackberrying. AMC were two other ones that were on fire, too. And then it all came to a screeching halt this morning because Robin Hood, TD Ameritrade and Swab all blocked those users from buying exactly Schwab TD Ameritrade. And and and Robin Hood all suspended trading. In game Stop, They would let you sell, but they would not let you buy. Which is why the prices plummeted this morning. All the while, I guarantee you the hedge funds were short in the thing to death because they can do whatever they want. And so you are living breathing, testifying evidence that the market is rigged for the big boys, just like the political market is rigged for the American left. Absolutely. It is reaffirmed. My My dad has been telling me for a long time that it's been rigged for the big boys. And this morning. I've been I've been trading stock since I was 17 years old. And my grandma left me money you know in her will when she passed away and put it in the stock market. I've been playing ever since. And I've done well over the years, But today I sold everything. They sold everything. There's cash in the account. I don't know what I want to do. I think I'm just gonna bullet. See you started to earn too much. You and your compatriots on Reddit. You started to earn too much, and you were earning it from the elites who thought they were in control of the game. This is you were saying it was a big transfer wealth and That's not the game. The game is the big boys get bigger and the middle class stays poor forever. That's that's the game. Or static. You know one exactly. They you've you've you've nailed it there. So here's a guy playing the game. Here's a guy got in a $38 a share. Now, the users of the APS are not being allowed to buy game stop. It's been shut down by TD Ameritrade. Schwab and and Robin Hood. Those of the three ways that you had Of Buying stock going long going short. However, you wanted to do it, so he sold everything today. And got out after realizing that he had topped everything he wasn't gonna be able to do it because they were now. Limiting his upward expansion. Mobility got to take a break. We'll be back and continue after this. Don't go away, but most powerful name and talk radio right on the EI. Be network news radio 1055. W E, r c and W we, er.

Robin Hood Governor Cuomo Reddit TD Ameritrade Gamestop New York United States Letitia James Attorney Schwab AMC Ryan Wichita Blackberrying
"td ameritrade" Discussed on WTVN

WTVN

01:34 min | 2 years ago

"td ameritrade" Discussed on WTVN

"It'll be another cold one Today there 28 17 overnight 32 tomorrow snow for the weekend Right now it is 21 in Hilliard 22. Your severe weather station because ready or 6 10 W TVN coming up on Columbus is morning used to revenge against Wall Street. Some investors are getting together to go after beat down stocks. S'more with Andrea Fujii, some coordinating in an online community called Wall Street bets on the popular social site, Reddit, the group now targeting other formally beaten down stocks. Companies like BlackBerry build a bear, AMC theaters and even Tootsie rolls are now surging. In response to the chaos, TD Ameritrade and Charles Schwab are restricting certain trades. And now the Securities and Exchange Commission is taking notice. That's interesting and not a great day in the markets. Do not look at your 401 K this morning that it'll get better, though our first look at the markets with Bloomberg next Because news breaks in an instant we've got you cover 24 7 on NewsRadio, 6 10 w TV end. It's what we do, or my name is Shelby Gates, and I'm a teacher at craft in. I work with students between the ages of 15 and 22 are focuses on functional academics. That's what makes our school exciting and unique student still skills in and out of the classroom at their desk and are on campus gardens or out in the community. We have the flexibility to teach anymore here. Ends on interactive and fun way Are you interested in teaching at Grafton Visit grafton dot org's backslash careers.

Grafton Visit grafton TD Ameritrade Shelby Gates Securities and Exchange Commis Andrea Fujii Hilliard Charles Schwab Columbus AMC Bloomberg Reddit
"td ameritrade" Discussed on Liberty Talk FM

Liberty Talk FM

03:13 min | 2 years ago

"td ameritrade" Discussed on Liberty Talk FM

"That's now over 300 something. So this is this post is from you know whatever it was a few days ago. S O. As of that time, Melvin had lost another $3.2 billion. When Gamestop hits over $175. It will be game effing over for Melvin with a 100% loss They cannot restart. Another poster says, Read it. It is beautiful. Red Attar's have Dunmore to hurt Wall Street in two weeks than occupy Wall Street, the Democratic Socialists of America and the Bernie Sanders presidential campaigns were able to do in a decade. All with a little bit of coordination and an Internet posts. Doesn't tell you how many investors air in Melvin because there's like two million of the predators. Is there more red eaters than the Melvin investors? I don't know if it does melt. Do hedge fund companies have investors or are they just like privately managed companies with a bunch of money at their disposal that are trying to Place bets on what they think the market's going to do. That would be a question for its good question, Bonnie and unfortunately, Ari, and I don't know what we're talking about. When it comes to these things like we're pretty amateur like I've only ever bought like a handful of stocks in my entire lifetime. S o. I absolutely have near to zero experience with this stuff. And when I do, it's usually through something like a corns or through a 401 k where you know, I pick up like a bucket of different stocks. I have no idea what actual stocks are in those things, but it's like, Hey, these are a bunch of tech stocks. Whatever. When I got Robin Hood just to just to play around. It was the first time I'd ever done anything with like buying stock in 20 years, I think So, like, you know, I bought like a share of square and a share of something else just to buy a couple things and watch and see what happens anyway. Amid the celebration, some Wall Street that's users predicted an impending regulatory crackdown, especially given the astronomical donations Wall Street gave to Joe Biden and the Democratic Party in the run up to last year's election. I'm glad to hear that these people are able to You know, to buy the law? No, I'm glad to hear that. The people in Wall Street bets are able to see that Joe Biden is not their friend. That's true. You know the speed in which Congress will probably pass legislation to prevent something like this game. Stop thing from happening again. We'll show you the difference between immediate for for Wall Street and immediate for people waiting on those $2000 checks. This, according to a NFL running back Justin Jackson, also apparently an outspoken leftist. So pretty fascinating stuff here, And apparently, this is continuing to develop as time goes on what I still want to know. And if anybody does know it out there, and you can answer the question, 603283 61 60 did the NASDAQ completely freeze all trading today because I know that some of the trading companies froze specifically Gamestop A M C. So I saw a notice from what did they freeze A m. C. I know. Day America TD Ameritrade did Okay, According to a post somebody made online, you know, showing some sort of email or notice from TD Ameritrade that they were restricting. I don't know if it means they were freezing the trades, but they were putting some sort of restrictions on trades for for AMC theaters in game stop today, so Where are they going next with this? I don't know..

Melvin Joe Biden TD Ameritrade Gamestop Democratic Socialists of Ameri Robin Hood Bernie Sanders Democratic Party AMC Red Attar Congress NFL Justin Jackson America Bonnie Dunmore Ari
Trading in GameStop and AMC stock is now restricted at TD Ameritrade

John Williams

00:37 sec | 2 years ago

Trading in GameStop and AMC stock is now restricted at TD Ameritrade

"Gamestop battle between a reddit fueled amateur investors and the hedge funds just got more interesting. TD Ameritrade, one of the D i y trading sites has just restricted to trade in Gamestop, AMC and some other stocks that were being sorted. TD Ameritrade says it's doing so in the interest of mitigating risk not only for its clients before itself. Meanwhile, the battle has spread to a few other companies where the hedges have shorted the stocks. AMC The theater chain is now up 190% Today express The clothing company is up 245% today. Game stops only up 130%.

Gamestop Ameritrade Reddit AMC
"td ameritrade" Discussed on Biz Talk Radio

Biz Talk Radio

03:38 min | 2 years ago

"td ameritrade" Discussed on Biz Talk Radio

"I wouldn't race to do anything. Other than we should be on a steady track to get her money out of qualified money into an investment account. Maybe some of us should do that. Not all of our accounts. You should have some You know, when you have a 401 k in your participating that in their matching you got to take the free money from your company. You've got to do that. And you know you have one qualified account. That's one thing, but we shouldn't have all of our wealth tied up. In five or six retirement accounts. That's a mistake. Yeah. So I don't have I'm totally retired of already rolled all my money. Out of the 41 K into Retirement investment fund. At Vanguard, and then I wanted to try to buy some hefty 44. And I can't buy your van cards. So my next question was well. Here. You talk about fidelity for open the fidelity accounts so I can buy it through them. Is that correct? Well, it is. That is correct. It would work. But you didn't really have to leave Vanguard. You could have opened a brokerage account at Vanguard. You probably have a mutual fund account is all your money in mutual funds. No, it's uh it's spread out on Areas, things without fault through Vanguard according to your asset allocation model for people. Okay, well, then, if you have individual stocks If you have individual stocks, there's no reason they can't sell. They should be able to sell that to you. I don't know why they said that. Well, when I put in the code for that doesn't come up so I thought, Well, I'll open a regular investment account at Fidelity is that That bad to have all the count. Investment account brokerage account it to their front. Okay. Brokerage. Childs is no No. But the code won't come up in Fidelity, either because every brokerage has a different way off writing that than I do. Um, it'll come up on your portfolio tracker like I write it, but TD Ameritrade, Horsch, Rob or Fidelity or Vanguard. They all have a different symbol for it. S o. You would have to call them and ask them how they write their preferred symbols for this FP 44. And they will. They will tell you how that to put it in there. Actually. Okay. We'll know how I I see. I have a hyphen in their dash. They might have a dot There might have an asterisk. They might have a slash so that Z only difference? Yep. Okay, Um Okay, the but it's not bad mentioned that that's okay. Fashion models are gonna be changing. Just wait for that. Is that correct? Correct. Which is only going to be in a few days. Yep. Okay, Let's follow one. Thanks so much. Yep. All right. You're welcome. All right, 6 10 363 11 10. We've got a couple lines.

Vanguard Fidelity TD Ameritrade Childs
"td ameritrade" Discussed on Biz Talk Radio

Biz Talk Radio

03:59 min | 2 years ago

"td ameritrade" Discussed on Biz Talk Radio

"Have a question in regards to the ticker symbol I provided. Throughout this past, 2020. I have actually gained, Uh, roughly $3000. It's a small account. We're only looking at left Lee Beginning 9000. It's a little over 12,000 now. Small amount. Um, but I just want to get your input as to whether I actually need to start investing a little bit more in it. Um Yeah, I mean it Z if you can do it. And how far are you from retirement? I have already retired. Believe me, I already have investments in TD Ameritrade on in several several other accounts. But this one is an account that I've actually had for probably a couple of decades. So I've been putting money in taking a little bit out every now and then. But Um, actually looking at putting in a little bit more than what I currently have in it. So I would say First of all, this is primarily Technology stock. I mean, all the games have come to you because of Microsoft, Apple Amazon. Alphabet, which is Google Facebook. I mean, there, there, That's the top 10 positions. This is not a biblical responsible fun by any stretch, but nonetheless that I don't know, moving forward. I guess we just keep in mind as I tell you that you're dependent upon The technology stocks continuing to do really well over the next a several several years. And, um, so you know, I think certainly. They may be a new out liar. And the positive way. When things are You know, negative in the market in general, so this fund could continue to plug along even when things are bad. But when The technology's turn. This stock's going to drop like a rock this mutual fund. So just keep that in mind. It's you know, So, um, I would just watch that and go from there. I mean, I'd rather see you be putting putting money in another a couple other positions. But if this is something that you feel good about, then you could do that. Okay? Yeah, And like I said, I was just really shocked that I actually made some games this past year with all that has been happening, and so I just wanted to get your input on that end up and I really do appreciate your input as well. Sure, Thank you. I appreciate it. All right. Glad that's helped. Yeah, this is, uh you know, you're you're welcome. So some of the you know the mutual funds, obviously, as they are, what they are, Some of them are not going to be difficult. Responsible. Um, so you know, sometimes I don't You know, I'm not. I'm not stressing that anybody has to do that. That's a conviction. Not something you do because I say you want to do it. But you know that particular fund is a fun that is very, very active in the abortion industry and supporting Planned parenthood, just those things alone. I wouldn't want to put a nickel into. It wouldn't want to own the fund, but that's me, and I'm sure a lot of you But, um, it's it's all about what drives would drives you as.

Um TD Ameritrade Google Microsoft Apple
"td ameritrade" Discussed on News-Talk 1400 The Patriot

News-Talk 1400 The Patriot

06:39 min | 2 years ago

"td ameritrade" Discussed on News-Talk 1400 The Patriot

"I work through, so they're the Ara I'm the adviser. TD Ameritrade is the custodian. But what, what you would own with this investment and it's in. It's a portion of your investment that will always be liquid. There's no surrender charges or anything like in the annuities we talked about, but it's your market based portfolio. It's it's part of the risk capital. You would own the market. Greater 100 Index 100 companies, and then you have the enhanced what they call a dynamic risk overlay, which I hate that phrase. It's just such a marketing. You know, it doesn't mean anything to the average investor. But what what it means is what Carlos is talking about. You have Thompson Capital management, looking at market conditions on a daily basis, and they purchased positions in the volatility index. The VIX if you will when they feel market volatility is spiking when it's increasing. When market volatility spikes. The market goes down if you have positions in the volatility index. And the market is going down. Those positions that you have in the index will go up. The idea is to avoid large drawdowns. The idea is to mitigate risks like Carlos was saying. It doesn't mean that there are not months when the account goes down. When the value goes down. They're not 100% right 100% of the time, but I'll give you an example in 2020. This this strategy really shone. Because, remember how ugly March was last year, Carlos absolutely clearly started out fun. You and I were hanging out down there together the first week of merchant and though the world shut down and the market got slammed, and And the market Greater 100 enhanced index portfolio. Gained 11.12% 11.1% in March of 2020 because you had Thompson Capital Management, recognizing that volatility was spiking and and protecting the portfolio enough by buying large positions in the volatility index. And it really, you know, kind of helped save the day. The return on the whole portfolio as of the end of November was 22.3% for the year. I don't have the year and figures you had. I'm sure December was fine, too, And the idea is that when market conditions are Within a normal range, and there's not that much volatility. You can go up or down on a daily basis, and I think the phrase they like to use is we just let stocks be stocks you know, and you on the index itself, which is still a good investment product. Their own is is the market Greater 100 index. But you have the risk overlay. You have Thompson capital management, looking at it for you on a daily basis and purchasing positions in the volatility index when they feel it is warranted. The idea is to avoid large drawdowns. If you can be in equity and just miss some of the worst days that's really going to enhance the portfolio returns over time, isn't it? Carlos? 100% and also, I think there's there's there was something that was a unique about the draw down in March, Um, on a lot of people might not be aware of this, but it was under deepest draw down the equity market has had in history. It was the fastest so, uh, it was the fastest time it took for us to get into a bear market territory, and it was the fastest time it took us. You know the market overall to go from peak to trough. We lost 25% of value. Across the board. Um, in just a matter of base and a handful of days, actually, within a couple of weeks. What does that mean? That if if someone is owning the equities out right to say the marker, 100 out ride with no protection. And someone gets fear for the bottom. And when it's down, 20% anything you know the world's gone to hell. And we're not never gonna be. It's gonna take us a long time to recover from this and they sell. And then the market comes back up like he did very quickly again because the bounce back was asked quick as a drawdown. Then that decision is gonna be a very costly mistake. If, on the other hand you have this protection that you just described It allows you to stay invested knowing that yes, some of your underlying for for you is going down. But the fear that you're owning for that volatility that you're owning is going up and it's gonna make up for Some and often times more than the draw down in the underlying portfolio. So it allows you to start to avoid making those emotional mystics about cell by cell by which you often do at the worst possible times. Well, that's an understatement. People do that, at the worst possible times and again. We're not saying that the thing never goes down, But it has proven over time to be a very effective hedge. If you'd like to have if you like to talk about it, or if you'd like to just have this two page information sheet about the market Greater 100 index, then please do email me. B R A N K at a I P financial services that come or you can call us toll free 8662476663 extension 50 to 4. That's the voice mailbox I've set up for the show will be happy to send this information out to you free of charge. No strings. We're not going to call you or anything. But again the number is 8662476663 extension 50 to 4. Now, Carlos, You think that equity market mo mentum should continue? We talked about some of that a little bit even after Cove it What makes you believe that? I think I should more selective covert for certain parts of the market. So, um, one big component is what I mentioned before. I think there's just too much money chasing returns around the world. So again, it's very difficult to argue against risk assets like like stocks when When central banks are putting so much money into the economy to support the economy, rightfully or wrongfully. So. So that's number one number two. Um, I also lived through this before. The U. S consumerism fairly good shape. In fact, the country's savings rate was a historic high at the end of last year. We never saved so much money. You know, in part because people have been cautious but also informed because people have not been able to spend it in places that they typically would spend. Travel cruisers thinks like that entertainment and so forth. So so the consumers in pretty good shape on a lot of that pent up demand demand, I think is gonna be released when things somewhat normal eyes..

Carlos Thompson Capital management TD Ameritrade
"td ameritrade" Discussed on Biz Talk Radio

Biz Talk Radio

02:49 min | 2 years ago

"td ameritrade" Discussed on Biz Talk Radio

"Work. It is like the the corruption in the election. They weren't even smart enough to say Let's just do this. And if we go over 200,000 people more than Registered voters. It's okay. I mean, they couldn't even fix it. One of the mathematicians that did the analytical work said they just didn't do their homework. They didn't even try to make it. Look. Like it wasn't fixed. They made no efforts to look like it wasn't fixed. And so the numbers were manipulated. But they didn't do all their homework and manipulate them in a way that it was going to be hard to detect. And throughout the Obama administration, you can't manipulate one number, not the other. I used to on Lee use past and future BLS numbers, too, because there was nobody better to indict. The government numbers, then the government itself. I said it all the time. I don't need some conservative think think tank to indict the government they weren't smart enough to change their website. They didn't even do it. I mean, so you can't report number six months ago and have this number today. It doesn't It doesn't work. And that's what was going on. That's what was going on. Anyway, Let me go back to phones. 16 363 11 10. Uh, let me go to Gary in Texas. Hey, Dan, uh, income Investor morning in the morning tea to start moving over my funds from a 401 k or an irate with TD Ameritrade over two a Standard investment. Do I? Do You recommend any kind of a sequence where there are start with the high dividend paying stocks, move them or the low ones. Anything like that. Just comments on your part. No, I from a dividend perspective, It doesn't matter. It only matters that you maintain ownership in those companies and keep your cash flow. It doesn't matter where it is on the other kinds off stock. You want to move The you know the lowest number stocks, So if you have a start, that's up 40% and one that's down 10%. It doesn't matter what cos they are. Moved the one that's down 10%. Because.

government TD Ameritrade Obama administration Lee Gary Dan Texas
SEC charges Robinhood with misleading customers about how it makes money

Financial Issues with Dan Celia

02:28 min | 2 years ago

SEC charges Robinhood with misleading customers about how it makes money

"SEC is charging Robin Hood with misleading customers on how it makes money there already under Ah lot of scrutiny in trouble Now the SEC is filing charges against the Robin Hood CEO. You might remember some months ago. I said, Look, it's time to move out of Robin Hood. I don't know how many you did, but how many of you did, but it's going to get a little bit more different cult. They have definitely been misleading customers going to be a charged with selling Um, prosperity and riches. So to speak. And when it is the market, and it ain't that way, so It'll be interesting to see what happens with that. But that just came out this morning that Ah, yesterday there was a lot of talk coming out of the SEC and reference to Robin Hood on what they had been doing. Then this morning, we see official charges being fired are being fired at Robin Hood. This is going to dramatically impact. Their ability to operate efficiently and effectively on their platform. Listen, folks, listen before you all start panicking because I knows a lot of people that have Robin Hood. Don't panic. Okay? You got you don't own Robin Hood. You don't have stock and Robin Hood. You're not investing in Robin Hood. You are simply using their platform to make your investments has got nothing to do with what you own. Everything you own is safe and secure. No, don't worry about it. Having said that, I would suggest anyway that if you've been with Robin Hood and if you are with Robin Hood because they were free for trades. Everybody is free now, so you have no reason to stay there. Is that gonna cost you anything to move your investments out into another account? So it is time for you to go to a swab or TD Ameritrade or a fidelity brokerage account or Vanguard brokerage account? It's time to move and also one of those other platforms. We've already moved out of each raid. I've asked everybody to get out of e trade. Most of you have done that, maybe having so we're running out of places to go. Unfortunately,

Robin Hood SEC Vanguard Brokerage Ameritrade
Snowflake's Stock Price Soars in IPO

CNBC's Fast Money

05:53 min | 2 years ago

Snowflake's Stock Price Soars in IPO

"Welcome to pass money a blockbuster debut for the biggest. IPO. Of the year cloud companies snowflake pricing. It's public offering at one hundred, twenty dollars a share closing at two hundred and fifty three dollars a share that is a gain of one hundred and eleven percent. But this isn't the first time. We've seen a monster move in public debut. Let's get to Bop Bassani with more on that Bob. Hello Melissa see you. So you think snowflake over one hundred percent of its first day is a big deal. Not really there's been plenty of companies that have had I ate POPs bigger than that this year loan and they include just take a look here. Biotech firm cure back was up two hundred and forty percent on its first day of trading software as a service firm big commerce up to one hundred percent biotech firm. Berkeley light of nearly two hundred cloud company and Seino up one hundred, ninety, six, percent insurance fintech firm lemonade up. Thirty nine percent on their first day of trading what they have in common is there either tech or biotech firms are they outliers marginally but the first day pop for IPO's this year is notably higher than usual. So the historic first they pop for an IPO usually about fourteen percent. That's. Historically but not this year the average I stay pop in two, thousand, twenty, thirty, six, percent. What's going on? It's not stocks are cheap. The multiple of tech stocks are historically high people are willing to pay more protect because there's just a higher degree of risk appetite out there, and if you're suddenly inspired to start buying these high flying IPO. Cautious. About this look after the first day the post first day returns of other high fliers is not encouraging. So there's been eleven IPO's this year that have popped more than one hundred percent. On the first day they have average a minus, one percent return from the first day closed forward. So be very careful Melissa here big pop on the first day for some of these. But after that very difficult to maintain continued momentum most about you bob thank you good to see you Bob Cassani and who is holding the bag in the aftermarket when these Ip has declined from the first day pop guy probably the retail investor this has been the story of the issue markets. Began though and it continues today. So. You wonder why people get exercise when they see things like this is exactly that I mean I'll say it I'm not. I'm not a banker I never was a banker and I'm sure to upset some people by saying this but. There's no way to put it other than the fact that this was completely misplaced. Now I'm sure the great bankers are J. P. Morgan and Goldman and whoever a city I think was on this deal and company will say, no, we price it right. You can't tell me that a company that has a seventy billion dollar market CAP, which was open it you know price at one twenty and tripled almost in price and had to be halted its some point today for price volatility was priced right and the people watching saying, how is this not a game I? Get it it it upsets me as well but that's the way the business works in that to me is problematic mill. Why does it upset me? WHAT'S THE PROBLEM Tim i? Think they thought it was valued at something investors in the market. Thought it was something else I mean that's the way the markets work right? Again, though it's it's it's terrible price discovery because you have some sense and bankers WANNA price and the companies want a price that deal that leaves him upside for investors but but to be clear this is three times more at least the guide from last week and so the the question really is, how can they be so far off environment where we know people are paying almost anything for growth and actually wear and cloud services but but ultimately, I think the real question is who gets access to this. IPO and the thing that's troubling is that this is not a fair game. And the allocation process is one that makes sense that there are plenty of opportunities for people who did not deserve big allocations to get them and I realized this ultimately. The dynamic of a company. First of all will say I want a certain institutional investor base on my cap stack and those are the people. I want my deal. I. Don't want certain people. Read investors typically are not the group that companies want There's a perception that they're going to be in their flipping those stocks faster. The reality is that there's a lot of hedge funds. They'd probably flip this thing aggressively today. So again to me, my issue is with the allocation process and that it's not. It's it's not a fair process maybe it's not supposed to be asked the bankers that because I think that's what this comes down to to be fair. There are some companies that actually say in the allocation that they want a certain amount to go to retail trading firms like a td Ameritrade for those firms. So then Dole out to retail investors but gosh, I think to brings up a good point in terms of the average per se popping thirty six percent this year that really shows you what this market is these days the search for growth and what investors are willing to pay for that growth. Yeah, and also you got to you have to factor in we're in a different environment. So the offering price is different than the opening price, and all of that is based on interactions with institutions trying to figure out supply demand while everyone is filming from podcast or from an ipad in their home. So it's very different than last year. Very different. The whole IPO process having said that it really speaks to the reach for growth. So, if you have the price action that we saw today. Think about it. It's Tim said you want to have if you're coming out as a public company, you WanNa, put your stock in institutions hands where they're less likely to flip out of that stock on the day of the. IPO. And that's where the whole system. Might be flawed, but it's worked this way for a tremendous amount of time, and there's always going to be a problem with any system anywhere.

Bob Cassani Tim I Melissa Bop Bassani Berkeley Seino Dole J. P. Morgan Goldman
U.S. economy lost a total of 701,000 jobs in March

Rush Limbaugh

00:29 sec | 2 years ago

U.S. economy lost a total of 701,000 jobs in March

"The U. S. economy lost seven hundred and one thousand jobs last month as the corona virus precautions triggered business and school closures across the country the unemployment rate jumping nearly a full point to four point four percent JJ Kinahan with TD Ameritrade says even more bad news though could be around the corner you may be in line for another difficult report next month as the shut down sort of a business

Jj Kinahan Td Ameritrade
Senate Passes Massive Stimulus Package

BBC World Service

03:24 min | 2 years ago

Senate Passes Massive Stimulus Package

"Let's hear about the world of business and how it's affected by Kobe nineteen U. S. Senate last night approved a whopping two trillion two trillion dollars fiscal stimulus package to boost the economy and the legislation still has to pass the house well joining us now is the Philippines on all business desk it is is a massive figure the enormous two point two trillion U. S. dollars total size of the package to put that in context and said an hour ago the songs of the UK economy is two point six trillion dollars half the amount of money in just this particular package in there and others as well that the US is now pouring into its economy will do if they can get the legislation through the house of the bill provides aid to workers small businesses industries in packed it in recent weeks by the far so I spoke to the chief executive of TD Ameritrade Asia Chris pine Kenaston whether the markets were taking this positively well I will tell you they're taking if you just look two weeks ago you saw investors analysts will allow the globe that not only with the U. S. Congress not act quick enough its central banks would not quick enough that you know the fed would not quick enough it wouldn't do enough so we've seen not only from a central bank perspective that we've seen pulling all sorts of lovers over to backstop economies around the world US open up swap lines with nine different countries to help support keeping economy going now we have this massive stimulus package cannot be put into place now it's finally got over that hurdle from the Senate yeah I'm still a little bit worried you're just the way politics seem to work in the US as well as all sides of bipartisan agreement don't always seem to go hand in hand so I still anticipate a little bit of volatility and I wouldn't be surprised if the bill does not pass the house immediately and maybe have a little you know a couple other negotiation hearts before get past but I'm hopeful that we get something here before the weekend in the US does the bill contained the kinds of things that you as someone in the financial markets we're going to see in it or is that more that you would want to see done or perhaps less some of the main things are supporting small businesses yeah because if you don't what's more businesses in times like this is you will have no business could support you know what whether you have you know different parts of the United States they're shutting down for two weeks or four weeks you know to kind of be able to support a local business owner is by one of the most key initiatives in that whole plant because what I like to call it you know kind of that gig economy things that support the rest of the things that we all agree one does whether it's the what bars and restaurants in in the different parts of the effectors of just transportation and around all the support goes with that a lot of these people are crazy and once they work so if there's not support to keep those credit lines and keep those parts of the economy afloat yeah we could see a cratering up parts of the economy which I think this bill is a stimulus package people are hopeful that they will kind of have a lifeline at least here for the next kind of you know two to three months while we get a better grasp and find flat neck curve of the corona virus in the United States respond in their marriage Phil thank you very much

Senate Kobe
US added robust 273K jobs in February before virus escalated

Dana Loesch

00:52 sec | 2 years ago

US added robust 273K jobs in February before virus escalated

"Pretty good jobs report overall for the month of February unemployment's down to three and a half percent is the U. S. created two hundred and seventy three thousand jobs a Washington watchdog Jamie to pre two point oh because our team covering a very strong month of job growth U. S. businesses added two hundred and seventy three thousand jobs in February the best month since may of twenty eighteen as the jobless rate move back down to the historically low level of three point five percent average wages were up nine cents an hour to twenty eight dollars and fifty two cents and Wall Street has been up and down despite the positive reports JJ Kinahan with TD Ameritrade says the market really isn't feeling the coronavirus yet when it comes on employment you think about when it started to hit might have been the last week of February a little bit of it started to hit the glass or things started to get canceled but these jobs already in place so it's the March report will truly start to see some of this

Jamie Td Ameritrade Washington Jj Kinahan
Global stock markets plunge on coronavirus fears

This Morning with Gordon Deal

01:03 min | 3 years ago

Global stock markets plunge on coronavirus fears

"Increasing worries about how the corona virus might affect the global economy meant a rough day for stocks sell was the word of the day yesterday as the Dow Jones industrial average dropped more than a thousand points the biggest point decline in more than two years investors fled to safe havens like gold which climbed for the eighth session in a row it is now reached a seven year high JJ Kinahan is chief market strategist with TD Ameritrade the market doesn't react well the unknowns the fact that we saw the corona virus spreading to parts of Europe now you have governments shutting down public buildings at cetera shares of travel health insurers and high flying technology stocks were among the hardest hit American Airlines dropped eight point five percent UnitedHealth group was off seven point eight percent and Facebook tumbled four point five percent the corona viruses hurt Chinese manufacturing exports and consumption this year include doing economic growth around the planet as factories worldwide depend on supply chain tied to China

Jj Kinahan Td Ameritrade Europe Unitedhealth Group Facebook China
Merger Monday, Bloomberg's Bid, Holiday Movie Recs

Squawk Pod

06:45 min | 3 years ago

Merger Monday, Bloomberg's Bid, Holiday Movie Recs

"Good morning everybody. Welcome to Squawk box here on. CNBC we are live from the Nasdaq market site. In Times Square becky quick along with Joe Kernan and Andrew. Ross sorkin first step on this morning's pod a couple of updates on stories we've had our eyes on or IRS's on if you get your squawk through ear buds instead of on a screen. Remember in October when French luxury conglomerate. LVMH made a bid for New York's iconic jeweler tiffany. Well they up the bed the very shiny prize a big deal. This morning of the world's largest luxury goods company has now confirmed his reached a deal to buy tiffany. This has been quite at some time in the making the price tag this time. One hundred thirty five dollars per share in cash sixteen point two billion dollars total the largest ever in the luxury sector the boards both companies approving that deal yesterday afternoon and the transaction expected to close in the middle of next year will mark the end of Tiffany's one hundred eighty two year history as a standalone brand and a little blue box isn't changing but it does reflect the changes to remain independent amid increasing consolidation across retail and adding tiffany's Eddie Murphy to the portfolio will strengthen. LVMH's position forcing watches jewelry. The group acquired Gary and back in two thousand eleven eleven like Lvmh t LVMH T- LVMH. What if I would pay? How much would that cost the figure out to add a t not to do you think they should? I think they should add T. You think it's that important. Is that valuable important as those ugly back and look but what is amazing is that they did get him up. I mean this one hundred thirty five dollar price tag came up from one hundred twenty dollars recall when when this when when they first went after him and the question I think we threw out. There was whether they'd get one hundred thirty five bucks one hundred at forty. They didn't push back if you go back. And Look at tiffany stock even two or three years ago where it was relative to where it is today so I I mean the interesting stuff therefore therefore baby gifts like a little spoon. Yes in general. I don't know it's like super retail. I think Chinese people love in China. It's big and Chinese on these sorts of come here it's really be in the United States. Just me personally. I you know when you go to forty seventh street. I'm sure not. I mean I would rather go down there. forty-two the haggle. Well just don't pay absolute top dollar for for stuff that everybody else has and another deal. We've been following following Charles Schwab effort to buy. Td Ameritrade as of this morning. That's done to Charles. Schwab Corporation is going to be acquiring. Td Ameritrade this is a story. We we first reported last week. Td Ameritrade is now naming Stephen Boyle as the interim president president and CEO suspending their CEO. Search because obviously this will be taken care of with with this deal. Charles Schwab is offering issue is going to be issuing one point eight three seven shares for every td ameritrade share. That's out there We'll continue to keep an eye on says Charles Schwab saying that. Toronto Dominion Bank's going to be holding about thirteen percent of a stake in the combined company. You could see right now. Charles Schwab shares which ran up last week on. This news are right now down by about twenty two cents to forty seven ninety eight so maintaining basically the gains that they had seen last week on this when it was first announced. Td Ameritrade shares at this point indicated by about two point three percent. That's a gain of a dollar thirteen to forty nine twenty six again after they saw gains last week as well. Charles Schwab saying that they see this deal being fifteen to twenty percent of creative give to the adjusted earnings per share in the third year in the third year of this deal Schwab right. It's going to be called Schwab. This sounds sounds like a fun thing though analysts have looked at this and said because they both have very strong trading platforms. That you won't see as much of the accretion in terms at the probably both the Charles Schwab and td Ameritrade plan trading trading platforms operating. Because they don't overlap. There's some things the. TD AMERITRADE has like options for insurance little bit stronger. Charles Schwab has a lot of things like People who will talk to you and guide you through these things because of that the probably see some analysts analysts speculating around forty percent in terms of the accretion that they can kind of combine and put these together with those both platforms need to advertise separately swap box. Random House expected to be where you will see some of the. Oh no no no I got a double double down on both platforms. They say anything. But I close with this point break- fees and I don't know I. I have not seen that to me though the two issues. That will be interesting a break-up fee whether you interesting because you think out trust issue not so much on the consumer side but potentially For for all of the investment advisers out there really I mean I think collectively collectively they have like sixty seventy percent. Would you say this is that works serious antics three so they are two things there. There may be a look. Get that and so you you care about that issue. The other issue would be about deposits that that used to stay at. Td Bank so td Ameritrade used to run all their deposits. It's into Toronto. Dominion Inter Dominion. That was actually a huge fee generator for TV bank. And so once. If you take those out I assume Schwab is going to keep those Deposits in their own bank effectively. What that does to? TD LONG-TERM SO. These are some of the questions that I think at least in baking world. They're they're probably so but I don't know I'm GONNA. We'll look great deal. That's good news for holiday. Travelers gas prices down this quarter of the lumber survey the national average falling four cents cents to two dollars and sixty six cents per gallon drop is likely due to an increase in supply now that several refinery repair projects have been completed. Also a word of warning warning triple as saying Wednesday is the worst day of this holiday week to travel with trips taking as much as four times long four times two hundred percent longer due to congestion I in some weather issues. That could be a little more difficult Wednesday out of on the East Coast here starting in Colorado and coming across do you. ooh The minivan. Yes sir. What about it? Is there a a hybrid model that you can buy make hybrid models. That'll make a cool or no. Let's give it up for just wondering why you haven't truck Tesla. Yeah that's what I was saying. Why why aren't you? Just springing brings for something electric because you need a minivan supplements. There's no electric minivans or there's no My mic one. Now they're not cheap anymore. Ah Minivans by themselves this is unlike so like so many of you. That don't walk the walk when you talk about other stuff. The vacuum cleaner in the minivan is more important than

Charles Schwab Td Ameritrade Lvmh Lvmh T- Lvmh Schwab Corporation Tiffany Td Bank Cnbc Toronto Times Square Ross Sorkin Dominion Bank Joe Kernan IRS China United States New York Inter Dominion
Markets hit fresh highs

Bloomberg Businessweek

00:37 sec | 3 years ago

Markets hit fresh highs

"Trading we have got the down the S. and P. and nasdaq called advancing S. and P. and nasdaq they are it records right now the US be up nineteen a gain of six tenths of one percent nasdaq up one hundred points up one point two percent the Dow up one hundred and forty two points are by five tenths of one percent stocks climbed records on optimism over China trade relations and a fresh wave of merger and acquisition activity it is been a busy day over a day for the deal makers Schwall buying TD Ameritrade for twenty six billion dollars Schwab up one point three percent TD Ameritrade up six point seven

United States Schwall Schwab China One Percent Twenty Six Billion Dollars Three Percent Two Percent
Charles Schwab to buy TD Ameritrade in $26-billion blockbuster brokerage deal

Herman Cain

00:10 sec | 3 years ago

Charles Schwab to buy TD Ameritrade in $26-billion blockbuster brokerage deal

"Schwab is buying rival TD Ameritrade in in approximately twenty six billion dollar all stock deal blockbuster agreement xcelerated my disruption in the online brokerage

Schwab Td Ameritrade Twenty Six Billion Dollar
Charles Schwab to buy TD Ameritrade for $26 billion

Colorado's Morning News with April Zesbaugh and Marty Lenz

00:25 sec | 3 years ago

Charles Schwab to buy TD Ameritrade for $26 billion

"On it looks as if the Schwab addy Ameritrade deal TD Ameritrade Dale we'll go we'll go through Charles Schwab says it's buying TD Ameritrade in a twenty six billion dollar deal it's all stock it's expected to close sometime in the second half of next year could take up to three years for the brokerage firms to fully integrate the corporate headquarters of the combined firm will be in Texas but Schwab still has a very large and growing campus here in

Charles Schwab Td Ameritrade Texas Schwab Twenty Six Billion Dollar Three Years
Trade optimism lifts world stock markets

Mark Simone

01:00 min | 3 years ago

Trade optimism lifts world stock markets

"Ron insana on Wall Street stocks heading higher and moving back towards record levels as world markets rallied on reports that China had offered some concessions in trade talking about greater protection for intellectual property something that moved Asian markets sharply higher Europe is also up in stock index futures advancing on this holiday shortened week the market also getting a boost from a merger Monday in which Charles Schwab as agreed to acquire TD Ameritrade for twenty six billion dollars LVMH the French luxury goods maker agreeing acquire Tiffany with a sweetened bid there is a lot of activity going on in MMA as we close out twenty nineteen it's been a very strong year in that regard meanwhile we have oil prices trending lower gold is down big coin is off six percent while interest rates are edging up the yield on ten year treasury approaching one point eight percent while the dollar is slightly firmer against key foreign currencies quieting down on the earnings front as we move through this week and then we also have a lot of economic data with new home sales durable goods orders and a second look at third quarter GDP all due out in the

Ron Insana China Europe Charles Schwab Td Ameritrade Lvmh Tiffany Twenty Six Billion Dollars Eight Percent Six Percent Ten Year
Charles Schwab to buy TD Ameritrade in $26-billion blockbuster brokerage deal

Charlie Parker

00:13 sec | 3 years ago

Charles Schwab to buy TD Ameritrade in $26-billion blockbuster brokerage deal

"Charles Schwab has agreed to acquire TD Ameritrade the all star deals worth about twenty six billion dollars this comes following the industry jolted Schwab created it October when it cut its commissions to

Charles Schwab Td Ameritrade Twenty Six Billion Dollars
Charles Schwab will buy TD Ameritrade for $26 billion in drastically altered stock brokerage sector

This Morning With Gordon Deal

00:24 sec | 3 years ago

Charles Schwab will buy TD Ameritrade for $26 billion in drastically altered stock brokerage sector

"Minute Charles Schwab says it will acquire TD Ameritrade in a multi billion dollar deal that will reshape the retail brokerage business Schwab agreed to acquire the other company in an all stock transaction that both say is valued at twenty six billion dollars were about forty dollars fifty cents per share now that's a nineteen percent premium based on Schwab's it share price as of its close on November

Charles Schwab Td Ameritrade Twenty Six Billion Dollars Nineteen Percent Billion Dollar Forty Dollars
Charles Schwab In Talks To Buy TD Ameritrade

Doug Stephan

00:11 sec | 3 years ago

Charles Schwab In Talks To Buy TD Ameritrade

"Well here come the brokerage wars is Charles Schwab is expected to buy TD Ameritrade according to C. N. B. C. sources and shares of each were higher shares of rival each trade dropped because it's not the one being bought by

Charles Schwab Td Ameritrade C. N. B. C.
Big News for Brokerages

Squawk Pod

05:35 min | 3 years ago

Big News for Brokerages

"Charles Schwab the largest publicly traded discount broker is reportedly in talks to buy the second largest publicly traded discount broker. Td Ameritrade this is part of an ongoing disruption in the brokerage industry. Here's here's a refresher. When trading stocks retail investors basically individuals investing for themselves and not for an organization pay a commission or fee to the broker or Ebro Grinch who completes the trade on their behalf? Of course it's not as great a deal for the investors as companies that collect those fees and have consequently faced pressure to reduce them and reduce them. They have J. P. Morgan Chase unveiled a free trading APP in August and within two months all the other major brokerages had followed suit or at least announced plans to follow suit. Td Ameritrade and Charles Schwab among them. But here's the RUB. The commission's contribute to the revenue of the brokerages who collect them and eliminating that revenue stream has worried shareholders golders. At any rate. The industry is changing. Here's Becky with today's story. Charles Schwab Corporation and talks by. Td Ameritrade and a deal could be announced as early today that move if it happens would consolidate an industry. That's been going through massive disruption calls to Schwab and td Ameritrade have not been returned but obviously the entire complex flex seems to be moving on this joining us to talk more about this as Mike Santoli and Mike. What do you think obviously blockbuster Bosox being up tells you that the market believes CBS? This area is crowded too much capacity and there's great synergies in a deal for cutting costs. I think that the going zero commissions was a sign that the the competition for retail assets had gotten to that. Also it's not just in commissions right. I mean the whole industry is going to very low fee exchange traded funds these these these kind of software based advisory services where it's a very low fee to all that stuff has been constant pressure. And I do think that you had Ameritrade take the biggest hit it really. In total market cap from Zero Commission move much more leverage to the trading business. It's been an industry. That's gotten rolled up a lot over the past decades but this this would be a real step up in that activity because you had had a bit of a low. And it's interesting you mentioned e-trade being down on each raiders vacillated about potentially being a seller being in place. It's been considered a potential target and Schwab Ameritrade obviously would be to the obvious buyers potentially coming from one of the and in fact Ameritrade typically viewed as a acquirer In fact maybe that's why some of the valuation was a little bit depressed because they just did by Scott Trade and it's unclear if they were going to continue to be a buyer. Also one interesting thing about this. This is both companies still have kind of the founder families with ownership. This is the first generation of this industry. It's never been passed down really so it's it's sort of a fascinating Joe talked about that earlier. Just about how this industry came out of nowhere. And he's going to the market together. Yeah when this company exists it's going to be ninety billion dollar company for how long how long how long are we going to beat about. I know I know but I I just think that there's a lot of it's GonNa come out of this value of three children and assets of restaurants that you can glean some kind of whatever and that's that's the day better than some I mean they would do some serious rationalization yes and there's parts of this business. I think they're culturally very different. And do you think they've gone head to head in an aggressive way to be either back end operations service of registered investment advisers which is basically the fastest growing part until the questions I'd ask are do you think that. What kind of savings do you think can really ring out of combined company like this and then in terms of is is back in technology? I think it's a marketing dollars. The Marketing Donald is going to be a big money cost of account. Acquisition is one the leading costs and technologies probably the leading costs so put them together. Combining headquarters remember. I mean. Td Ameritrade right you had td. Bought Waterhouse Ameritrade thinker Swim. There were all it was really a fragment so people know the playbook in terms of putting these companies together rationalizing trying to retain all the customers and getting the kind of picking the best operations that you have among the two companies so I do think I don't know the magnitude I haven't seen the estimates but the market is telling telling you the efficient and you think this is a response to Fintech effectively. It's a response to yeah to the to the Robin Hood. Venture capital. Subsidized is businesses. That are now pressuring these other guys to consolidate I think that's the most recent catalyst but even the development of those Robin Hoods and the Fintech businesses says just reflect the fact that retail finance has become software I mean even if you look at at Merrill Lynch what they've been doing with their human an advisory is skewing NAM upscale. And make sure you know for all of David Salomons efforts at Goldman Sachs to try to get some sticky money in there which is what then Marcus businesses all about. Why doesn't it traditional play? I'm not I'm not suggesting that go by. TD AMERITRADE and jump into this situation. But you'd think that all of these players would therefore be up for grabs for some of the classic sort of old school not beyond the realm at all right There's a huge chunk of all of the integrated brokers like Mike Marrow. Where eight is basically merrill edge it would right they call it where they kind of shunt you into a automated on a call center type right and so you know it's not incompatible with something like you know I think for Goldman Nicotine? It looked. We had the infrastructure. We have all the all the exchange memberships we had the back end. We can do ourselves into

Ameritrade Schwab Ameritrade Charles Schwab Charles Schwab Corporation J. P. Morgan Chase Zero Commission E-Trade Mike Marrow Robin Hood Becky Goldman Goldman Sachs Raiders Founder Merrill Lynch CBS Fintech Mike Santoli