Podcasts about citigroup inc

Mike Mayo, Head of US Large-Cap Bank Research at Wells Fargo Securities, examines Jamie Dimon's staying power and ultimate succession plan for JPMorgan, as well as Jane Fraser's turnaround success story at Citi. Please note that Wells Fargo Securities, LLC and/or its affiliates, have beneficial ownership of 0.5% or more of any class of the common stock of Citigroup Inc.See omnystudio.com/listener for privacy information.

Citigroup Inc. Chief Executive Officer Jane Fraser said that clients who'd been waiting on the sidelines to do deals are focused on moving forward with mergers and acquisitions as they see that scale is needed to compete. She is joined by Bloomberg's Sonali Basak.See omnystudio.com/listener for privacy information.

The St. Louis Pro Bono Partnership is a remarkable collaboration involving three key organizations, Citigroup Inc. (Citi), Bryan Cave Leighton Paisner, and the local legal aid organization, Legal Services of Eastern Missouri, that are focused on providing legal support to underserved communities. The partnership is a testament to the impact that can be achieved through collaboration. From elderly clients to domestic violence victims and micro-entrepreneurs, this decade-long initiative has made a significant difference in the community.  We spoke with Emily Elam, Head of Legal Strategic Priorities at Citi, for this Signatory Showcase podcast. Find out more about this exemplary collaboration.

Citigroup Inc.'s UK chief executive officer Tiina Lee said the bank's management overhaul was over and it's now ready to “selectively” hire. She spoke with Bloomberg's Francine LacquaSee omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) UK wage growth slowed less than expected in the fourth quarter, underscoring the Bank of England's caution against moving too quickly to cut interest rates. (2) Arm Holdings Plc soared again on Monday, extending a three-day rally that has driven its value up almost 100%, after a blockbuster earnings report last week showed artificial intelligence spending is bolstering sales.(3) US President Joe Biden said he's pushing for a six-week pause in fighting between Israel and Hamas to allow for the release of hostages, saying that could lay the groundwork for broader peace.(4) Elon Musk told US Republican senators "there is no way in hell" that Russian President Vladimir Putin could lose the war on Ukraine, weighing in on a conflict that has been affected by Musk's own Starlink satellite services.(5) Bond traders have come more in line with the Federal Reserve's trajectory for the upcoming easing cycle. Strategists at Citigroup Inc. say what's missing now is traders hedging the risk of a very brief easing cycle followed by rate increases shortly thereafter.See omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) US President Joe Biden said he's pushing for a six-week pause in fighting between Israel and Hamas to allow for the release of hostages, saying those conditions could lay the groundwork for broader peace.(2) Bond traders have come more in line with the Federal Reserve's trajectory for the upcoming easing cycle. Strategists at Citigroup Inc. say what's missing now is traders hedging the risk of a very brief easing cycle followed by rate increases shortly thereafter.(3) Arm Holdings soared again on Monday, extending a three-day rally that has driven its value up almost 100%, after a blockbuster earnings report last week showed artificial intelligence spending is bolstering sales.(4) Regulatory reforms since the 2008 financial crisis cannot be blamed for the sharp discount in UK commercial bank valuations, Bank of England Governor Andrew Bailey said.(5) Britain isn't building enough homes and the shortage is about to get even worse. That's based on calculations by Bloomberg News of government population data and homebuilding targets from the biggest political parties, which suggests a shortfall of almost 100,000 homes a year over the next parliament when including pent up demand from years of missed targets. See omnystudio.com/listener for privacy information.

Citigroup Inc's Q4 2023 earnings call, unedited

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) Europe's central bankers are in no hurry to join the US pivot toward interest-rate cuts: the Bank of England kept interest rates at a 15-year high, sticking with its message that borrowing costs will remain elevated for some time despite growing bets on a wave of cuts in 2024. And European Central Bank policymakers are largely united in expecting to cut interest rates later than financial markets currently anticipate, according to officials familiar with their thinking. (2) Hungary has blocked a new 50-billion-euro EU financial aid package for Ukraine. (3) China's central bank has injected a record amount of cash into the economy.  (4) Citigroup Inc. will shutter its municipal business, one of the most dramatic moves yet by Chief Executive Officer Jane Fraser as she seeks to squeeze better returns out of the Wall Street giant.See omnystudio.com/listener for privacy information.

US equity markets edged higher on Friday (17 November) to record a third straight week of gains - Dow settled flat. The broader S&P500 edged +0.13% higher, with Energy (up 2.12%) returning to the top of the primary sector leaderboard on Friday (17 November) and leading six of the eleven primary sectors higher. Citigroup Inc is poised to announce the first big round of lay-offs tonight AEST in a sweeping restructuring that will eventually result in thousands of positions being eliminated, according to various media reports. The Gap Inc soared +30.58% after the retailer posted a better-than-expected third quarter result after the close of the previous session.

US equity markets edged higher on Friday (17 November) to record a third straight week of gains - Dow settled flat. The broader S&P500 edged +0.13% higher, with Energy (up 2.12%) returning to the top of the primary sector leaderboard on Friday (17 November) and leading six of the eleven primary sectors higher. Citigroup Inc is poised to announce the first big round of lay-offs tonight AEST in a sweeping restructuring that will eventually result in thousands of positions being eliminated, according to various media reports. The Gap Inc soared +30.58% after the retailer posted a better-than-expected third quarter result after the close of the previous session.

Citigroup Inc., Q3 2023 Earnings Call, Oct 13, 2023

US equity markets edged higher and Treasury yields declined as investors digested the latest inflation figures - Dow eased -70-points or -0.20%, The broader S&P500 +0.12%, with Utilities (up +1.21%) and Consumer Discretionary (+0.90%) leading seven of the eleven primary sectors higher. Real Estate (down -1.03%) and Energy (-0.76%) sat at the foot of the primary sector leaderboard overnight. Citigroup Inc. gained +1.66% after the major bank said it would reorganize into a flatter structure, with the heads of its five major business units reporting directly to Chief Executive Jane Fraser. American Airlines Group Inc dropped -5.67% after cutting its third-quarter earnings outlook, citing higher fuel prices and costs associated with a new labour agreement. The company said it now expects adjusted earnings per share of ~US$0.20c to US$0.30c, down from previous guidance of ~US$0.85c to US$0.95c and versus current consensus of US$0.69c. Delta Air Lines Inc fell -2.80% and United Airlines Holdings Inc -3.80%.

US equity markets edged higher and Treasury yields declined as investors digested the latest inflation figures - Dow eased -70-points or -0.20%, The broader S&P500 +0.12%, with Utilities (up +1.21%) and Consumer Discretionary (+0.90%) leading seven of the eleven primary sectors higher. Real Estate (down -1.03%) and Energy (-0.76%) sat at the foot of the primary sector leaderboard overnight. Citigroup Inc. gained +1.66% after the major bank said it would reorganize into a flatter structure, with the heads of its five major business units reporting directly to Chief Executive Jane Fraser. American Airlines Group Inc dropped -5.67% after cutting its third-quarter earnings outlook, citing higher fuel prices and costs associated with a new labour agreement. The company said it now expects adjusted earnings per share of ~US$0.20c to US$0.30c, down from previous guidance of ~US$0.85c to US$0.95c and versus current consensus of US$0.69c. Delta Air Lines Inc fell -2.80% and United Airlines Holdings Inc -3.80%.

Citigroup Inc., Q2 2023 Earnings Call, Jul 14, 2023

In this video, we'll perform a C stock analysis deep dive and figure out what Citigroup looks like based on the numbers. Is Citigroup one of the best bank stocks to buy at the current price? Find out in the video above! Global Value's Citigroup Inc. stock analysis. Check out Seeking Alpha Premium and score an annual plan for just $119 - that's 50% off! Plus all funds from affiliate referrals go directly towards supporting the channel! Affiliate link - https://www.sahg6dtr.com/H4BHRJ/R74QP/ If you'd like to try Sharesight, please use my referral link to support the channel! https://www.sharesight.com/globalvalue (remember you get 4 months free if you sign up for an annual subscription!) Citigroup ($C) | Citigroup Stock Value Analysis | Citigroup Stock Dividend Analysis | C Dividend Analysis | $C Dividend Analysis We're using our new 10 Tower Bank Stock Analysis Framework. These towers will show you 10 Steps to Consider Before You Buy a Bank Stock! Demonstrating How to Analyze a Bank Stock Using the 10 Towers Framework! We'll talk about these 10 Towers and how important fundamentals are when making investments, including an in-depth look at Citigroup (C) stock. Global Value's Citigroup. 10 towers stock analysis. (Recorded July 7, 2022) ❖ MUSIC ❖ ♪ "Lift" Artist: Andy Hu License: Creative Commons Attribution 3.0. ➢ http://creativecommons.org/licenses/b... ➢ https://www.youtube.com/watch?v=sQCuf... 8 Pillar Analysis Props to Everything Money ➢ https://www.youtube.com/c/EverythingMoney

Citigroup Inc., Q1 2023 Earnings Call, Apr 14, 2023

Markets are moving back and forth just waiting for some big news. Talk of a US default is making the rounds. Tech has a big day - helping to push markets up from their recent despair. PLUS we are now on Spotify and Amazon Music/Podcasts! Click HERE for Show Notes and Links DHUnplugged is now streaming live - with listener chat. Click on link on the right sidebar. Love the Show? Then how about a Donation? Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter Warm Up - All of a sudden - recession fears - US Default whispers - Republicans put forth budget with increase and expense slashing - India - taking over the population race - Resiliency everywhere ... Market Update - Banks - Still on shaky ground - Central Banks blamed for market rally - "This year's rally in risk assets is more to do with a $1 trillion central bank liquidity injection than any improvement in the economic outlook, according to Citigroup Inc.. " - "That massive tailwind — enough to lop 50 basis points off the investment-grade risk premium — may soon become a huge drag as policymakers get back to quashing inflation, having extinguished the banking-sector fire. " - Do we believe that the Fed is done? Earnings Coca-Cola - Average price of 192 ounces of Coca-Cola's soda (12 pack of 16oz bottle) in the U.S. rose to $9.30 in 2022 from $8.03 in 2021, according to NielsenIQ's data. It stood at $10.55 so far in 2023. (31% increase in 2 years) - Adjusted earnings came in at 68 cents per share, compared with estimates of 64 cents. - The company's first-quarter revenue rose about 5% to $10.98 billion, beating estimates of $10.80 billion IBM Earnings - Bellweather anymore? - IBM Corp missed Wall Street expectations for first-quarter revenue - WHY? Hurt by shrinking corporate spending on IT services and a strong dollar. - IBM cut its full-year consulting revenue growth forecast to 6%-8% from earlier expectations of high single-digit percentage growth. - "We are seeing softness in certain components of our discretionary based offerings in consulting," Chief Financial Officer James Kavanaugh told Reuters about the U.S. market. Whirlpool - Didn't everyone think that margins would compress and higher rates will kill real estate? - Whirlpool prelim Q1 $2.66 vs $2.17 S&P Capital IQ Consensus Estimate; revs $4.65 bln vs $4.50 bln S&P Capital IQ Consensus Estimate - Whirlpool sees FY23 $16.00-18.00 vs $15.97 S&P Capital IQ Consensus Estimate; sees revs $19.4 bln vs $19.02 bln S&P Capital IQ Consensus Estimate Tech - Microsoft beats by $0.22, beats on revs; Azure +31% constant currency growth  (Shares up 6% A/H) ---- Revenue rose 7% to $52.9 billion in the quarter ended March - Windows division  reporting revenue of $13.3 billion versus analyst estimates of $12.19 billion - Alphabet beats by $0.10, beats on revs, Google Advertising revenue essentially flat yr/yr; On April 19, Board of Directors authorized repurchase up to additional $70 bln of Class A and Class C shares PLUS big 70b buyback announcement (Shares slight move A/H) ------- Ad sales saw a drop again - although not as much as last quarter Banks - The bank crisis is not totally over yet -  Earnings and news from First Republic Bank - massive loss of deposits and company looking to some drastic ways to save itself (stock don 49% today) - Pacific West bank - better than expected results, shares up 13% A/H Debt Ceiling - Limits - Republican led plan - McCarthy floated a plan last week that would pair $4.5 trillion in spending cuts with a $1.5 trillion increase in the $31.4 trillion U.S. debt limit. - All talking about this being political divided and will not pass - The HOPE is that it will get sides talking Change of US Default - debt ceiling etc - Current pricing of credit default swaps soar - BUT, only 2% implied odds of a default - Seen this movie before....... - This time different?

As a series of U.S. lenders were besieged by customers yanking out their money this month, banking giants such as JPMorgan Chase & Co, Citigroup Inc. and Bank of America Corp. warned employees: Do not make it worse. JPMorgan, the nation's largest bank, told all employees they "should never give the appearance of exploiting a situation of stress or uncertainty," in a March 13 memo. "We do not make disparaging comments regarding competitors."In this episode of The Higher Standard, Chris and Saied examine this news and determine the effect it will have on the economy as a whole.They discuss data showing that customers have recently pulled nearly $100 billion in deposits, while Treasury Secretary Janet Yellen, Federal Reserve Chairman Jerome Powell and more than a dozen other officials convened a special closed meeting of the Financial Stability Oversight Council.Chris and Saied look at news that Deutsche Bank's stock plunged Friday as the market hones in on the German firm as the next major bank at risk in the wake of long-time rival Credit Suisse's collapse and similar events stateside. Frankfurt-listed shares of Deutsche Bank dropped 7.5%, now down more than 25% since March 8, when confidence in the international banking system began to crumble.They also offer some thoughts on data from Trepp, an analytics provider for the Structured Finance, CRE, and Banking markets, indicating that this year, roughly $270 billion in commercial mortgages held by banks are set to expire. This means that big owners of property face the prospect that beleaguered banks, especially smaller ones, could get more aggressive with lending arrangements, giving landlords even less room to breathe as they try to refinance a mountain of loans coming due.Join Chris and Saied for this fascinating and informative conversation.Enjoy!What You'll Learn in this Show:Paul Volcker's monetary policy career and Ben Bernanke's role in AIG bailout.Jerome Powell's role in the current banking crisis.The two different types of lender in the commercial real estate space.Why JP Morgan and Bank of America have been telling staff not to poach clients from stressed competitors.And so much more...Resources:"Volcker Slayed Inflation. Bernanke Saved the Banks. Can Powell Do Both?" (article from Bloomberg)"Exclusive: JPMorgan, Citi, BofA tell staff not to poach clients from stressed banks" (article from Reuters)"Nearly $100 billion in deposits pulled from banks; officials call system ‘sound and resilient'" (article from CNBC)Custodia Bank via Twitter"Veteran of FDIC Takeover Tells What It's Like to Run a Failed Bank" (article from The Wall Street Journal)"What's Going On at Deutsche Bank?" (article from The...

Citigroup Inc. Chief Executive Officer Jane Fraser discusses the global banking system after a week of turmoil for Silicon Valley Bank, First Republic and Credit Suisse. She speaks on "The David Rubenstein Show: Peer-to-Peer Conversations" recorded March 22 in Washington.See omnystudio.com/listener for privacy information.

Citigroup Inc. Chief Executive Officer Jane Fraser discusses the global banking system after a week of turmoil for Silicon Valley Bank, First Republic and Credit Suisse. She speaks on "The David Rubenstein Show: Peer-to-Peer Conversations" recorded March 22 in Washington.See omnystudio.com/listener for privacy information.

Citigroup Inc., Q4 2022 Earnings Call, Jan 13, 2023

Citigroup Inc., Q3 2022 Earnings Call, Oct 14, 2022

US equity markets tumbled, recording the worst sell-off since the early days of the COVID pandemic as a stronger-than-expected August inflation report punctured a four day rally and brought a +100 basis point interest rate hike into play next week - Dow dropped -1,276-points or -3.94%, with all 30 index components settling in the red. The broader S&P500 shed -4.32%, with Communication Services (down -5.64%), Information Technology (-5.36%) and Consumer Discretionary (-5.22%) falling over >5% and leading all eleven primary sectors lower. The S&P500 Growth Index fell -5.19%, while the S&P500 Value Index declined a more modest -3.49%. Just six (6) stocks in the S&P 500 finished in positive territory, including Twitter Inc (up +0.80%) after shareholders voted to approve Tesla Inc (-4.04%) Chief Executive Elon Musk's US$44B bid to acquire the embattled company and take it private. Citigroup Inc (down -3.38%) Chief Financial Officer (CFO) Mark Mason warned the fees his bank collects from deal making and capital markets origination are likely to tumble -50%, in line with the broader slowdown hitting Wall Street. That mirrors earlier comments from JPMorgan Chase & Co (-3.47%), which said investment-banking fees may fall by half as clients stay on the sidelines. The five largest companies in the S&P 500 by market capitalization - Apple Inc (down -5.87%), Microsoft Corp (-5.50%), Amazon.com Inc (-7.06%), Google parent Alphabet Inc (-5.90%), and Tesla Inc - shed -US$477B in value. The Nasdaq slumped -5.16%, with Meta Platforms Inc (-9.37%) and Nvidia Corp (-9.47%) also falling sharply. All components in the Nasdaq 100 (down -5.54%) declined. The latest declines marked the biggest daily percentage fall for all three benchmark indexes since 11 June, 2020, according to Dow Jones Market Data. The small capitalisation Russell 2000 lost -3.91%.

US equity markets tumbled, recording the worst sell-off since the early days of the COVID pandemic as a stronger-than-expected August inflation report punctured a four day rally and brought a +100 basis point interest rate hike into play next week - Dow dropped -1,276-points or -3.94%, with all 30 index components settling in the red. The broader S&P500 shed -4.32%, with Communication Services (down -5.64%), Information Technology (-5.36%) and Consumer Discretionary (-5.22%) falling over >5% and leading all eleven primary sectors lower. The S&P500 Growth Index fell -5.19%, while the S&P500 Value Index declined a more modest -3.49%. Just six (6) stocks in the S&P 500 finished in positive territory, including Twitter Inc (up +0.80%) after shareholders voted to approve Tesla Inc (-4.04%) Chief Executive Elon Musk's US$44B bid to acquire the embattled company and take it private. Citigroup Inc (down -3.38%) Chief Financial Officer (CFO) Mark Mason warned the fees his bank collects from deal making and capital markets origination are likely to tumble -50%, in line with the broader slowdown hitting Wall Street. That mirrors earlier comments from JPMorgan Chase & Co (-3.47%), which said investment-banking fees may fall by half as clients stay on the sidelines. The five largest companies in the S&P 500 by market capitalization - Apple Inc (down -5.87%), Microsoft Corp (-5.50%), Amazon.com Inc (-7.06%), Google parent Alphabet Inc (-5.90%), and Tesla Inc - shed -US$477B in value. The Nasdaq slumped -5.16%, with Meta Platforms Inc (-9.37%) and Nvidia Corp (-9.47%) also falling sharply. All components in the Nasdaq 100 (down -5.54%) declined. The latest declines marked the biggest daily percentage fall for all three benchmark indexes since 11 June, 2020, according to Dow Jones Market Data. The small capitalisation Russell 2000 lost -3.91%.

US equity markets rebounded strongly, with all three benchmark indices snapping three-week losing streaks as investors reassessed the expected path of Federal Reserve interest-rate hikes - Dow rallied +823-points or +2.68% to 31,500.68, climbing back above >31,000 and recording its largest daily percentage gain since 4 May. FedEx Corp gained +7.16% after the global delivery and logistics company reported fiscal fourth-quarter earnings that matched Wall Street's expectations and issued guidance for the fiscal year that topped projections after the close of last Thursday's (23 June session. The broader S&P500 gained +3.06%, logging its best daily percentage gain since 18 May, 2020. Materials (up +3.98%), Communication Services (+3.94%), Financials (+3.80%), Consumer Discretionary (+3.74%) and Information Technology (+3.57%) all rallying over >3.5% and leading all eleven primary sectors higher. Shares in the biggest U.S. banks climbed on Friday (24 June) a day after it was confirmed they had all passed the Federal Reserve's annual health check. JPMorgan Chase & Co rose +2.98%, Citigroup Inc +3.26% and Wells Fargo & Co +7.55. The Nasdaq jumped +3.34%, the technology-centric indice's largest daily percentage gain since 13 May. The small capitalisation Russell 2000 rallied +3.16%.

US equity markets rebounded strongly, with all three benchmark indices snapping three-week losing streaks as investors reassessed the expected path of Federal Reserve interest-rate hikes - Dow rallied +823-points or +2.68% to 31,500.68, climbing back above >31,000 and recording its largest daily percentage gain since 4 May. FedEx Corp gained +7.16% after the global delivery and logistics company reported fiscal fourth-quarter earnings that matched Wall Street's expectations and issued guidance for the fiscal year that topped projections after the close of last Thursday's (23 June session. The broader S&P500 gained +3.06%, logging its best daily percentage gain since 18 May, 2020. Materials (up +3.98%), Communication Services (+3.94%), Financials (+3.80%), Consumer Discretionary (+3.74%) and Information Technology (+3.57%) all rallying over >3.5% and leading all eleven primary sectors higher. Shares in the biggest U.S. banks climbed on Friday (24 June) a day after it was confirmed they had all passed the Federal Reserve's annual health check. JPMorgan Chase & Co rose +2.98%, Citigroup Inc +3.26% and Wells Fargo & Co +7.55. The Nasdaq jumped +3.34%, the technology-centric indice's largest daily percentage gain since 13 May. The small capitalisation Russell 2000 rallied +3.16%.

US equity markets rallied in the final hour of the session, with the benchmark indices booking their largest daily percentage climb since 27 May - Dow up +435-points or +1.33%, recovering from an earlier slide of over >300-points. The broader S&P500 rose +1.84%, with Consumer Discretionary rallying +3.03% to lead ten of the eleven primary sectors higher. Energy was the only primary sector to settle in the red, down -0.30%. Bloomberg reported that Citigroup Inc (up +0.08%) may record losses of at least US$50M following a London staffer's “fat finger” trade that caused a ‘flash crash' in European stocks last month. The Nasdaq gained +2.69%. Microsoft Corp added +0.79% despite the software giant lowering its fiscal fourth quarter earnings per share (US$2.24-to-US$2.32 from US$2.28-to-US$2.35, and versus consensus US$2.33) and revenue (US$51.94B-to-US$52.74B) guidance versus US$52.40B-to-US$53.20B) to reflect and "unfavourable" currency impact. Meta Platforms Inc rose +5.42% a day after Chief Operating Officer (COO) Sheryl Sandberg announced she was stepping down after 14-years with the company. The small capitalisation Russell 2000 rallied +2.31%.

US equity markets rallied in the final hour of the session, with the benchmark indices booking their largest daily percentage climb since 27 May - Dow up +435-points or +1.33%, recovering from an earlier slide of over >300-points. The broader S&P500 rose +1.84%, with Consumer Discretionary rallying +3.03% to lead ten of the eleven primary sectors higher. Energy was the only primary sector to settle in the red, down -0.30%. Bloomberg reported that Citigroup Inc (up +0.08%) may record losses of at least US$50M following a London staffer's “fat finger” trade that caused a ‘flash crash' in European stocks last month. The Nasdaq gained +2.69%. Microsoft Corp added +0.79% despite the software giant lowering its fiscal fourth quarter earnings per share (US$2.24-to-US$2.32 from US$2.28-to-US$2.35, and versus consensus US$2.33) and revenue (US$51.94B-to-US$52.74B) guidance versus US$52.40B-to-US$53.20B) to reflect and "unfavourable" currency impact. Meta Platforms Inc rose +5.42% a day after Chief Operating Officer (COO) Sheryl Sandberg announced she was stepping down after 14-years with the company. The small capitalisation Russell 2000 rallied +2.31%.

US equity markets extended their rebound following strong retail sales figures and comments from Federal Reserve Chair Jerome Powell sounding optimistic about a ‘soft' economic landing - Dow gained +431-points or +1.34%. The broader S&P500 +2.02%, with all of Information Technology (up +2.91%), Materials (+2.86%), Financials (+2.69%), Consumer Discretionary (+2.68%) and Industrials (+2.28%) rallying over >2% to ten of the eleven primary sectors higher. Consumer Staples (down -1.15%) was the only primary sector to settle in the red. Citigroup Inc jumped +7.56% after a regulatory filing after the close of Monday's (16 May) session recorded that Warren Buffett's Berkshire Hathaway Inc took a nearly US$3B stake in the bank during the first quarter. The technology-centric Nasdaq gained +2.77%. The small capitalisation Russell 2000 jumped +3.19%.

US equity markets extended their rebound following strong retail sales figures and comments from Federal Reserve Chair Jerome Powell sounding optimistic about a ‘soft' economic landing - Dow gained +431-points or +1.34%. The broader S&P500 +2.02%, with all of Information Technology (up +2.91%), Materials (+2.86%), Financials (+2.69%), Consumer Discretionary (+2.68%) and Industrials (+2.28%) rallying over >2% to ten of the eleven primary sectors higher. Consumer Staples (down -1.15%) was the only primary sector to settle in the red. Citigroup Inc jumped +7.56% after a regulatory filing after the close of Monday's (16 May) session recorded that Warren Buffett's Berkshire Hathaway Inc took a nearly US$3B stake in the bank during the first quarter. The technology-centric Nasdaq gained +2.77%. The small capitalisation Russell 2000 jumped +3.19%.

„kurz informiert by heise online“ mit Marie Koch: Der Internet-Konzern Google hat nun einer zentralen Forderung europäischer Datenschutzbehörden nachgegeben und vereinfacht seine Cookie-Banner. Neu hinzu kommt ein Button, mit dem man pauschal alle nicht-notwendigen Cookies verweigern kann. Damit wird das Werbetracking abgeschaltet, andere Cookies zur Statistik-Erhebung oder Betrugserkennung werden aber weiterhin gesetzt. Nach Angaben des Konzerns wurde die neue Version bereits in Frankreich veröffentlicht und soll im Laufe Monats auch in anderen europäischen Ländern verfügbar sein. Auch YouTube bekommt den neuen Button. Bisher war es so, dass das Ablehnen von Cookies um Einiges aufwändiger ist, als das Annehmen. Hierfür ist in der Regel bloß ein Klick erforderlich. Die 2015 gegründete Broker Trade Republic Bank GmbH mit Sitz in Berlin hat Partnerschaften mit der US-Großbank Citigroup Inc. und der Deutsche Bank angekündigt. Damit verwahren neben der Solarisbank auch die Citibank und die Deutsche Bank Gelder für Trade Republic. Da sowohl die Citi als auch die Deutsche Bank der EU-Richtlinie über die gesetzlichen Einlagensicherungssysteme unterliegen, soll die Einlagensicherung von 100.000 Euro je Kunde bestehen bleiben [--] sofern keine anderen Einlagen bei der Partnerbank bestünden. Nach einer dreieinhalbjährigen Pause wird mit dem Large Hadron Collider am Kernforschungszentrum CERN nun der weltgrößte Teilchenbeschleuniger wieder hochgefahren. Im dritten Lauf sollen einmal mehr Rekordenergien erreicht werden, um grundlegende Fragen der Teilchenphysik beantworten zu können. Waren zuvor Protonen-Protonen-Kollisionen bei bislang nicht erreichten Energien von 13 Tera-Elektronenvolt durchgeführt worden, ist dies nach vorgenommenen Updates sogar mit 13,6 Tera-Elektronenvolt möglich, teilte das CERN vorab mit. Erste Protonenstrahlen sollen in entgegengesetzter Richtung durch den unterirdischen Ring von 27 Kilometern Länge gejagt werden. Menschen in Katastrophengebieten unter Trümmern aufzufinden, ist für herkömmliche Roboter mit Beinen schwierig. Sie müssen sich dabei auf kleinstem Raum bewegen. Dabei sind Beine eher ein Hindernis. Für Nagetiere, wie Ratten, ist das kein Problem. Sie können sich mit ihren kurzen Beinen und ihrem flexiblen Körperbau durch kleinste Lücken und enge Verwinkelungen zwängen und dabei auch schmale Rohre durchkriechen. Chinesische Forscher des Beijing Institute of Technology haben sich die Natur zum Vorbild genommen und eine Roboter-Ratte entwickelt, die Vermisste auffinden oder zur Inspektion von Rohren eingesetzt werden soll. Diese und weitere aktuelle Nachrichten finden Sie ausführlich auf heise.de.

Citigroup Inc., Q1 2022 Earnings Call, Apr 14, 2022

Las utilidades del cuarto trimestre de JPMorgan Chase superaron las expectativas, ya que el mayor banco de EE. UU. se benefició de los activos mercados de capital, aunque enfrentó mayores gastos y una actividad de trading más lenta. Las utilidades del cuarto trimestre de Citigroup Inc. cayeron un 26%, dijo el banco el viernes. El banco registró una utilidad de $3.2 mil millones de dólares, o $1.46 dólares por acción, superando las expectativas de los analistas de $1.39 dólares por acción, según FactSet.

Defying weak global cues and surging coronavirus cases domestically, equity markets soared on Monday with the Nifty50 index reclaiming its crucial 18,000-mark by closing.    The 50-pack index hit an intra-day high of 18,017, before settling 1% higher at 18,003. Meanwhile, the BSE Sensex ended at 60,396, up by 651 points or 1.09%.  UPL, Hero MotoCorp, Titan, Maruti Suzuki, Tata Motors, SBI, and L&T were the top gainers on the Nifty, while Wipro, Divis Labs, Nestle India, Tata Consumer Products, Asian Paints, and Power Grid remained the top drags. In the broader markets, the BSE MidCap index added 0.7%, while the BSE SmallCap index gained 1.2% "Surging Covid cases are being ignored by markets globally since lockdowns and restrictions on economic activity are not expected. The domestic equity market expects the Q3 results starting this week to be very good, particularly for IT and financials and it is discounting good results in advance", said Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services. Among sectors, the Nifty PSU Bank index was the leading outperformer with a 3.3% rally on the NSE. Among individual shares, Bank of Baroda, PNB, and Canara Bank rose up to 5% amid media reports that the government may consider increasing FDI limits in the sector during Budget 2022. Nifty Auto and Realty indices, too, put up a strong show with both closing 1.9% higher. From the latter, Sunteck Realty ended over 13% up after the company reported a 29% sequential jump in pre-sales at Rs 352 crores for the December quarter. Oberoi Realty, too, surged over 3% on robust bookings for the said quarter.  Now coming to some of the other top developments of the day -- Share price of Paytm parent One97 Communications fell over 6% and hit a new low on the BSE after global brokerage Macquarie reduced its target price on the stock to Rs 900. With today's slide, the share of the company has fallen 45% against its issue price of Rs 2,150 per share. Meanwhile, economists, including those at Citigroup Inc, India Ratings & Research, and ICICI Bank have lowered their GDP estimates after official data Friday showed that India's GDP will likely expand by 9.2% in the current fiscal -- slower than the 9.5% previously projected by the RBI.  Lastly, according to a research note by Goldman Sachs, the US Federal Reserve will likely raise interest rates four times this year and will start its balance sheet runoff process in July.

SEC officials have said that a $125 million penalty on truck maker Nikola, to settle fraud charges, might serve as a warning to all companies.Also in this podcast: Lincoln Electric Holdings Inc. - LECO, Arrow Electronics Inc. - ARW; Big Lots Inc. - BIG, MongoDB Inc. - MDB, Citigroup Inc. - C, Boeing Co. - BA, Reinvesting dividends, Health savings accounts, Existing home sales, Liquified natural gas, Steve comments on the ports backed up topic and the White House request for more oil drilling, plus an email question regarding a "wash sale"; Steve's trivia question: "Looking back in time, WAY BACK, in which YEAR was Christmas first celebrated on December 25th? AND--which U.S. state was the FIRST to declare Christmas a LEGAL holiday?" Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

1:31 - A significant number of entertainment and other events in Riyadh this winter has transformed the Saudi capital. The hosts discuss the significant changes ongoing in Riyadh as the city hosts "Riyadh Season." The grouping of events as part of a massive season-long entertainment push has Saudis traveling from all over the country to visit the capital, as guest co-host Fahad Almaliki attested. Saudi Arabia's Riyadh Season has welcomed more than 4.5 million visits in a month, according to the Saudi Press Agency. The season also generated more than 122,000 jobs.7:50 - A rundown of all the Saudi-related golf news this week. Saudi Arabia's annual golf tournament got some big names to commit this week. The Saudi International, which is hosted at the really beautiful Royal Greens golf club in Saudi Arabia, got commitments from Dustin Johnson, Bryson DeChambeau, Phil Mickelson, Tommy Fleetwood, Abraham Ancer, Paul Casey, Sergio, Kokrak...This is a who's who of golf. This is interest that can be fairly described as "overwhelming" from some of the top names in the sport. The PGA has 30 days before to not allow the players to play...or face a fine. Saudi Arabia's moves in this sport are generating widespread interest. 10:55 - Saudi Arabia's Tadawul is set to IPO. It's just the latest in a hot streak for the Saudi bourse. Earlier this month Tadawul got approval for the IPO in what could be one of the biggest in the exchange sector since Euronext NV's $1.2 billion listing. This has been in the works for years, since at least 2016. Tadawul at that time hired HSBC to help with the listing, and has since replaced HSBC with Citigroup Inc., JPMorgan Chase & Co., and SNB Capital as financial advisers and global coordinators for the IPO. The hosts get Fahad Almaliki's valuable take on this space.27:25 - Shale gas in...Saudi Arabia?We've talked a lot about Shale so far on this podcast, but mostly we've discussed U.S. shale. Saudi Arabia is making a shale gas play within the Kingdom's borders, on the Eastern province, The Jafurah shale field, according to several reports including one in SPGlobal.com. Saudi Aramco expects its Jafurah shale play to yield up to 2 Bcf/d of gas and contribute a significant amount of 418 MMcf/d of ethane and 630,000 boe/d of gas liquids and condensates by 2030.Aramco is really beginning to accelerate the company's development of unconventional resources.Just this week, Aramco awarded $10 billion dollars in EPC contracts for work at the field.35:15 - Saudi Arabia's growing economy and a year of optimism in 2022Economic forecasts are starting to congeal around the fact that the Saudi economy is set for a big year in 2022. The Saudi Government is forecasting growth at 7.5% in 2022. The World Bank says 4.9 percent. Jadwa Investment predicts 7 percent year-on-year growth.The consensus is not in the number but in the sentiment: the Kingdom is set for a pretty strong year economically, Omicron and other externalities notwithstanding...

Andrea Legnani is the Global Head of Alumni Relations at Citigroup Inc., a multinational investment bank and financial services corporation.Their corporate alumni network was founded in 2011 and counts ~ 30,000 alumni.In this episode, Andrea impresses the importance of data-based decision-making for corporate alumni networks.And he gives insight into how alumni efforts at Citigroup Inc. present a huge opportunity in today's fight for top talent.Listen in to MAKE YOUR COMMUNITIES THRIVE. Want to know more?Get in touch!With Thrycon & Simone: Website: https://www.thrycon.com/connect-thrycon LinkedIn: https://www.linkedin.com/in/poetscher/ YouTube: https://www.youtube.com/channel/UCvNFK7wPwGof4egGHzOp6qQ Pinterest: https://www.pinterest.com/Thrycon/ With our guest Andrea: Email: andrea.legnani @ citi.com LinkedIn: https://www.linkedin.com/in/andrealegnani/ For more, subscribe to Thrycon's newsletter: https://www.thrycon.com/signup Please leave a review on Apple Podcast: https://podcasts.apple.com/us/podcast/the-building-community-podcast/id1592179621

Andrea Legnani is the Global Head of Alumni Relations at Citigroup Inc., a multinational investment bank and financial services corporation.Their corporate alumni network was founded in 2011 and counts ~ 30,000 alumni.In this episode, Andrea impresses the importance of data-based decision-making for corporate alumni networks.And he gives insight into how alumni efforts at Citigroup Inc. present a huge opportunity in today's fight for top talent.Listen in to MAKE YOUR COMMUNITIES THRIVE. Want to know more?Get in touch!With Thrycon & Simone: Website: https://www.thrycon.com/connect-thrycon LinkedIn: https://www.linkedin.com/in/poetscher/ YouTube: https://www.youtube.com/channel/UCvNFK7wPwGof4egGHzOp6qQ Pinterest: https://www.pinterest.com/Thrycon/ With our guest Andrea: Email: andrea.legnani @ citi.com LinkedIn: https://www.linkedin.com/in/andrealegnani/ For more, subscribe to Thrycon's newsletter: https://www.thrycon.com/signup Please leave a review on Apple Podcast: https://podcasts.apple.com/us/podcast/the-building-community-podcast/id1592179621

Wall Street projects a “higher for longer” era for oil pricesttps://www.worldoil.com/news/2021/10/22/wall-street-projects-a-higher-for-longer-era-for-oil-prices- An era has to be long enough to change how the industry functions- Citigroup Inc. said in a report this month that crude below $30 and above $60 looks unsustainable in the long-term. - Ed Morse thinks prolonged over $50 will bring 7 million bpd on the marketNearly half of American companies say they are short on skilled workershttps://www.cnn.com/2021/10/25/economy/business-conditions-worker-shortage/index.html- will "labor shortage" (companies' inability to hire workers) create permanently elevated business costs?Solar and Wind Force Poverty on Africahttps://www.wsj.com/articles/solar-wind-force-poverty-on-africa-climate-change-uganda-11635092219- Africa can't sacrifice its future prosperity for Western climate goals- Neo-imperialism to impose a narrative that Africa can't access fossil fuels and must be consigned to solar/wind which isn't nearly as effective at providing electricity.- OPEC is sympathetic to this message. Will Africa save OPEC? Can OPEC save Africa?Tesla shares rise after Hertz says it will buy 100,000 electric vehicleshttps://www.cnbc.com/2021/10/25/tesla-shares-up-on-news-hertz-will-purchase-100000-electric-vehicles.html- Good idea for Hertz because Teslas will be a big draw for people who want to drive Teslas on vacation.Ahead of COP26, Saudi Arabia Resists Calls to Cut Oil Investmenthttps://www.wsj.com/articles/ahead-of-cop26-saudi-arabia-resists-calls-to-cut-oil-investment-11634911150Special Guest Rhett Bennett of Black Mountain Co.https://www.blackmountainoilandgas.com- Drilling situation in the US: real issues from labor situation. Labor is always a bit of an issue in Permian, but also in Eagle Ford. On the drilling side as well. Supply chain issues, also exacerbated for oil industry because of severity of downturn.- metals aren't available to implement transition in the way needed for transition- Sees oil over $100, higher natural gas prices this winter- Price increases will drive activity higher. Private companies are drilling a lot, public companies more constrained.- "If you are private, it's a beautiful scenario." Inputs on the cost side of the ledger haven't risen nearly as much as the returns side of the ledger.- Haynesville wells pay for themselves in 90 days - but they are quite dry, Permian wells are more heavily oil weighted.- 2022 budgets: lots of E&Ps will want to increase drilling activity 20-30% and will want budget increases of similar amount. But will also have inflationary pressures that will hit production targets and so many will fall short.- E&Ps did better consolidating during downturn that service companies so there's still a lot of competition in service sector- Consequences of capital starvation. Shale is a treadmill. If you hop off, looking at 50-60% decline rate.- Underground carbon sequestration (CCUS) - will it be economical without legislation on carbon tax in the US? CCUS in Australia - lots of capacity for sequestration in Australia.- Lots of countries don't have the right geology to inject and store carbon. Potential for this to become an import/export industry.- Sees battery tech as competitive with ICE engines. Problem is materials and minerals.- Metals and mining has had capital starvation for decades now. Average mine takes 7 years to go from discovery to production.

Citigroup Inc., Q3 2021 Earnings Call, Oct 14, 2021

US equity markets advanced, with the S&P500 logging a fresh record closing high - Dow up +237-points or +0.69% 34,433.84 to settle within 345-points or 1% of its 7 May record closing high (34,777.76). Nike Inc soared +15.53% after the world's largest athletic footwear and apparel seller posted better-than-expected fiscal fourth quarter earnings per share (US$0.93c versus a loss of -US$0.51c in the year ago period and consensus analyst forecasts for US$0.51c) and revenue (US$12.34B versus US$6.31B in the year ago period and consensus US$11.03B) after the closing bell of last Thursday's (24 June) session. The broader S&P500 added +0.33% to settle at a fresh record closing high of 4,280.70. Financials (up +1.25%) and Utilities (+1.13%) rose over >1% to lead ten of the eleven primary sectors higher. Information Technology (down -0.15%) was the only primary sector to close in the red. Big banks Morgan Stanley (up +1.52%), Citigroup Inc (+0.32%), Bank of America Corp (+1.93%), JPMorgan Chase & Co (+1.01%) and Wells Fargo (+2.66%) added between +0.3% and 2.7% after the Fed announced they have cleared latest stress test and will no longer face pandemic-era restrictions on buying back stock and paying dividends. Chinese regulators said on Saturday (26 June) Tesla Inc (down -1.17%) would ‘recall' nearly 300,000 China-made and imported Model 3 and Model Y cars for an online software update related to assisted driving, with owners not required to return their vehicles. The Nasdaq dipped -0.06% a day after logging its 17th record close (14,369.71) of 2021. The small capitalisation Russell 2000 eked out a +0.03% rise. Friday (25 June) saw heightened trading volume as FTSE Russell was set to rebalance its U.S. stock indexes at the market close. Bank of America estimated that more than >US$170B worth of shares would be changed hands as a result of 625 changes in total to Russell indexes, including the Russell 1000 and Russell 2000.

US equity markets advanced, with the S&P500 logging a fresh record closing high - Dow up +237-points or +0.69% 34,433.84 to settle within 345-points or 1% of its 7 May record closing high (34,777.76). Nike Inc soared +15.53% after the world's largest athletic footwear and apparel seller posted better-than-expected fiscal fourth quarter earnings per share (US$0.93c versus a loss of -US$0.51c in the year ago period and consensus analyst forecasts for US$0.51c) and revenue (US$12.34B versus US$6.31B in the year ago period and consensus US$11.03B) after the closing bell of last Thursday's (24 June) session. The broader S&P500 added +0.33% to settle at a fresh record closing high of 4,280.70. Financials (up +1.25%) and Utilities (+1.13%) rose over >1% to lead ten of the eleven primary sectors higher. Information Technology (down -0.15%) was the only primary sector to close in the red. Big banks Morgan Stanley (up +1.52%), Citigroup Inc (+0.32%), Bank of America Corp (+1.93%), JPMorgan Chase & Co (+1.01%) and Wells Fargo (+2.66%) added between +0.3% and 2.7% after the Fed announced they have cleared latest stress test and will no longer face pandemic-era restrictions on buying back stock and paying dividends. Chinese regulators said on Saturday (26 June) Tesla Inc (down -1.17%) would ‘recall' nearly 300,000 China-made and imported Model 3 and Model Y cars for an online software update related to assisted driving, with owners not required to return their vehicles. The Nasdaq dipped -0.06% a day after logging its 17th record close (14,369.71) of 2021. The small capitalisation Russell 2000 eked out a +0.03% rise. Friday (25 June) saw heightened trading volume as FTSE Russell was set to rebalance its U.S. stock indexes at the market close. Bank of America estimated that more than >US$170B worth of shares would be changed hands as a result of 625 changes in total to Russell indexes, including the Russell 1000 and Russell 2000.

Citigroup Inc Q1 2021 Earnings Call --- Send in a voice message: https://anchor.fm/earningspodcast/message Support this podcast: https://anchor.fm/earningspodcast/support

Citigroup Inc., Q1 2021 Earnings Call, Apr 15, 2021

Citi wants its $500 million backAhahaha this is adorable:Citigroup Inc. is punishing investment firms that kept payments the bank accidentally sent to... this is adorabletalked about thiscollapseGreensill Capitalfunds run by Credit Suisse Group AGlove accounts payablea description from 2019wrote at the timea good lookhere’s some news out of Greensill’s collapseput $200 millionGreensill newsfundsinsurersabandoned Greensilloh come onAmazon.comtold Congressstruck meyou gohere is its namethe payment system that powers international bankingthieves who stolereported the APEnormous quantities of copperHere’s the linkSustainability ClaimsNet-Zero Investing StandardSells Jet LessorSaudi Auto PlantSecurity CamerasBlack Board Nomineeno one wants to be in South Florida in the summerWhales of NBA Top ShotVasectomy Mayhemsubscribe at this linkhere

De-Revlon-ingLast August, Citigroup Inc. accidentally wired $900 million to some hedge funds to pay off a syndicated loan for Revlon Inc. The money di... decisiontalked about this last monthXtract Researchit never gets removedHertz, the Original Meme Stock, Is Turning Out to Be WorthlessTwenty-nine millionthe stock went upwas liketold Hertz to knock it offsaid the prospectusthis is what he getstwowent public in Augustsigned a merger agreementFifth Third Bancorpwrote yesterday1.12 Acquisition Corpwrote yesterday2017 Bloomberg Businessweek profileYoung has a SPAC nowhmminvestor deckMichael Santoli points outwith Fidelity insteada video on Twitterstocks only go upand whichnotes Bloomberg NewsAhInstagram.com/thetinderblogpossibly becauseProblems BuildWrongly Booked Gupta Claimscontentious funding toolbond market liquidityAccelerate PaymentESG Funds Into 401(k)sBitcoin ETFWay AheadHarmed YaleLambosubscribe at this linkhereAndrew Walker on Twitter

Banque WormsLast August, Citigroup Inc. wired $900 million to some hedge funds by accident. Then it sent a note to the hedge funds saying, oops, sorry... the opinion discussed it beforeterm loandid some creative stuffincredibly aggressivesaid Philip Brendelsued Morningstar Credit Ratings LLCpress release yesterdaydescribes it best reason get to the punch linethe filing it will get sued for securities fraud are a little loosersome misleading disclosure guess what two weeks ago Dressed for Winter Wins Fed’s NodSlash Costs Sixth Street Disputebuy Tribune PublishingStudy Revealssubscribe at this linkhere wrote thatyesterday’s opinionthe opinion

Citigroup Inc Q4 2020 Earnings Call --- Send in a voice message: https://anchor.fm/earningspodcast/message Support this podcast: https://anchor.fm/earningspodcast/support

Here’s to following through on your dreams at any stage of life! How many times have you come across some “Who’s Who” list or article praising the success story of someone in their 20’s, 30’s or 40’s? They’re everywhere. It’s enough to make you think that these are the only people making waves.What’s missing from the narrative are the success stories of the other 39% of the US population who are 45 and up. A single mother of five waits her entire life to complete her education and ends up graduating with her Ph.D. at 65. Another woman defies the stereotype of aging by placing second in her category in the notoriously tough Spartan races. And yet another woman suddenly decides at 40 to completely switch career directions and become a filmmaker, going on to win an Emmy and Academy Award nominations. Why aren’t we shouting these stories from the rooftops? Well, I’m going to share one of these beautiful and inspiring stories with you today. My guest this week is Chinwe Esimai, an award-winning lawyer, a trailblazing corporate executive, a sought after keynote speaker, and a passionate global advocate for immigrant women leaders. Chinwe is the Managing Director and Chief anti-bribery officer at Citigroup Inc., and she’s the first person to hold that title in the bank's history. She also has a book on the way titled Brilliance Beyond Borders: Five Traits of Remarkable Immigrant Women Leaders. Chinwe talks about the inspiration she gained from witnessing her mother follow through on her education later in life. She believes “as long as we have breath in us, we always have an opportunity to live our purpose.” Today’s episode is all about keeping your dreams alive through every season of your life. Success isn’t just for the 30 somethings. By sharing the powerful success stories of people who’ve never given up, we’re actively spreading the message that it’s never too late to realize our goals. We’ll also talk about recognizing the important role your partner plays in your life, and steps you can take to prioritize and honor that relationship. It’s time to dust off your dreams and let the current lead you towards your own unique, authentic purpose in life...no matter your age.In This Episode, You Will Learn:What happens when success stories of the 40+ aren’t shared with the world. (5:03)Why going with the flow will always lead you in the right direction. (13:30)The importance of holding on to our routines when life gets shaken up. (18:59)Why the breaking of barriers are reminders of possibilities. (21:12)How to make your relationship the priority, and why it matters. (23:11)The first giant leap towards relationship repair. (28:44)Ideas for one-on-one time with your partner during a pandemic. (32:37)The before and after story of a recalibrated relationship. (35:14)Chinwe’s powerful definition of an awakened soul. (37:16)Connect with Chinwe Esimai:WebsiteLinkedInInstagramResources:Book- You Can Heal Your Life by Louise HayMovies- Selma, 13th, and A Wrinkle in Time by Ava DuvernayWebsite- RMT: Robbins-Madanes TrainingPeople Mentioned in This Episode:Louise HayWayne DyerCheryl RichardsonAnthony WilliamGabby BernsteinEsther HicksBrian NunezAva DuvernayTony RobbinsCloé MadanesJairek RobbinsJack Canfield See acast.com/privacy for privacy and opt-out information.

US equity markets weaker amid fresh new daily records for COVID-19 cases in the US and Europe and further lockdown measures - Dow fell -317-points or -1.08% . The broader S&P500 -1.%, with the decline leaving the index just 0.8% above last Friday’s (6 November) closing level of 3,509.44. Energy (down -3.39%) and Materials (-2.17%) led all elven primary sectors lower. Travel (United Airlines Holdings Inc down -4.31%, Carnival Corp -7.9%) and banking (JPMorgan Chase & Co down -1.23%, Citigroup Inc -1.33% and Wells Fargo & Co -1.57%) stocks among the biggest laggards. The technology-centric Nasdaq lost -0.7%. Check out more from Morgans: Visit the Morgans website: www.morgans.com.au Check out our blog: www.morgans.com.au/Blog On Facebook: www.facebook.com/MorgansAU On Instagram: www.instagram.com/morgans.australia On Twitter: twitter.com/morgansau?lang=en #ASX #Markets #Ausbiz #NYSE #FTSE #CAC #DAX

•US equity markets weaker amid fresh new daily records for COVID-19 cases in the US and Europe and further lockdown measures - Dow fell -317-points or -1.08% . The broader S&P500 -1.%, with the decline leaving the index just 0.8% above last Friday's (6 November) closing level of 3,509.44. Energy (down -3.39%) and Materials (-2.17%) led all elven primary sectors lower. Travel (United Airlines Holdings Inc down -4.31%, Carnival Corp -7.9%) and banking (JPMorgan Chase & Co down -1.23%, Citigroup Inc -1.33% and Wells Fargo & Co -1.57%) stocks among the biggest laggards. The technology-centric Nasdaq lost -0.7%.

Citigroup Inc. (NYSE: C) Q3 2020 earnings call dated Oct. 13, 2020 Total revenues fell 7% to $17.3 billion hurt by lower revenues in Global Consumer Banking and Corporate/Other. Net income was $3.2 billion, or $1.40 per share, compared to $4.9 billion, or $2.07 per share, last year. End-of-period deposits totaled $1.3 trillion, up 16% from the prior-year period. https://news.alphastreet.com/c-earnings-all-you-need-to-know-about-citigroup-q3-2020-earnings-results/ Earnings Transcript link : https://news.alphastreet.com/citigroup-inc-c-q3-2020-earnings-call-transcript/ Corporate Participants: Elizabeth Lynn — Head of Investor Relations Michael Corbat — Chief Executive Officer Mark Mason — Chief Financial Officer Analysts: John McDonald — Autonomous Research — Analyst Glenn Schorr — Evercore ISI — Analyst Jim Mitchell — Seaport Global — Analyst Mike Mayo — Wells Fargo — Analyst Matt O'Connor — Deutsche Bank — Analyst Erika Najarian — Bank of America — Analyst Steven Chubak — Wolfe Research — Analyst Saul Martinez — UBS — Analyst Ken Usdin — Jefferies — Analyst Brian Kleinhanzl — KBW — Analyst Jeff Harte — Piper Sandler — Analyst Charles Peabody — Portales — Analyst Vivek Juneja — JPMorgan — Analyst Betsy Graseck — Morgan Stanley — Analyst Gerard Cassidy — RBC — Analyst Access ALL earnings call transcripts https://news.alphastreet.com/earnings-call-transcripts/ Follow us on: https://twitter.com/AlphSt_Live https://twitter.com/_AlphaStreet https://www.facebook.com/AlphaStreetinc https://www.linkedin.com/company/alphastreet http://www.google.com/news/s/CAowj7D0Cg https://apple.news/TZOi1Q735Ty-T4dxalibGNw Subscribe to our podcast to listen to earnings call audios --- Send in a voice message: https://anchor.fm/earningspodcast/message Support this podcast: https://anchor.fm/earningspodcast/support

Citigroup Inc. - Q3 2020 Earnings Call - Oct 13 2020

Ver artículo completo aquí >> Bolsa Americana opera mixta en medio de Reportes Trimestrales. ¿Qué podemos esperar? miércoles, 14 octubre, 2020 8:27 am GMT-0400 Pre-Mercado Americano – Destacados: La Bolsa Americana no logra despegar ante la incertidumbre que existe en torno a la segunda ola de COVID-19 y ante la entrega de reportes trimestrales. El Brexit todavía no está claro, a pesar de que se acerca la fecha límite que el mismo Boris Johnson había fijado para lograr un acuerdo. El Petróleo WTI opera a la baja a la espera de la publicación de los inventarios de la AIE. ¿Tendremos nuevas alzas en los inventarios? Recuerda seguirnos en nuestro Canal de Youtube para acceder a nuestras Transmisiones en Vivo donde cubrimos eventos de alto impacto en los mercados. https://www.youtube.com/inversionesytrading Informe de Pre-Mercado Americano: Hoy, en el pre-mercado americano la Bolsa Americana se encuentra operando en territorio mixto. Mientras el S&P 500 cae, el Dow Jones y el Nasdaq operan al alza. El temor por las alzas en los contagios de coronavirus en Europa y EEUU han llevado a algunos países a recurrir a los test rápidos para intentar frenar la propagación y evitar el colapso del sistema de salud. Sin una vacuna en mano, la recuperación económica mundial se ve lejana y eso vuelve a generar incertidumbre entre los inversionistas. Por otro lado, los reportes de ganancias trimestrales comenzaron el día de ayer, lo que trae consigo un alza en la volatilidad en el mercado accionario. La gran sorpresa del comienzo de la temporada de ganancias de Wall Street ayer fue el nivel mucho más bajo de lo esperado de provisiones para pérdidas de préstamos. Goldman Sachs Group Inc. se reporta antes de la campana esta mañana y se pronostica que seguirá a JPMorgan Chase & Co. y a Citigroup Inc. al registrar un sólido desempeño comercial. Wells Fargo & Co. y Bank of America Corp. también anuncian resultados hoy. En cuanto al Brexit, el Primer Ministro británico Boris Johnson no se alejará de las negociaciones sobre la futura relación entre el Reino Unido y la Unión Europea mañana, un plazo que había fijado previamente para un avance. Una persona cercana a las negociaciones dijo que Johnson no tomará una decisión sobre su próximo paso hasta después de que termine la cumbre de los líderes de la UE el viernes. A pesar de la breve suspensión de la ejecución, sigue habiendo pocas señales de un acuerdo en los próximos días. En el plano de las materias primas, los traders de petróleo se encuentran atentos a la publicación de los inventarios de la AIE que conoceremos hoy a las 10:30 EDT. Hoy tuvimos declaraciones del ministro de energía de Rusia, Alexander Novak, quien dijo que la OPEP+ comenzará a moderar sus recortes de producción, en línea con lo planeado al momento de firmar el acuerdo. Esto podría traerle cierta presión bajista al petróleo, sobretodo si la demanda no logra repuntar. #forex #inversiones #trading #trader #dolar #dinero #spx #sp500 #nasdaq #dowjones #wallstreet #stocks #acciones #inversion #indices #oil #petroleo #goldman #wellsfargo #eeuu #covid #opep #wti #UK

Andrew Rossman, a partner at Quinn Emanuel, discusses the legal battle between LVMH and Tiffany & Co., as the maker of Louis Vuitton bags tries to pull out of a $16 billion agreement to buy the jewelry brand. Anat Alon-Beck, a professor at Case Western Reserve School of Law, discusses an employee error that caused Citigroup Inc. to mistakenly pay out more than $900 million of its own money to a group of lenders expecting an interest payment on behalf of Revlon Inc. June Grasso hosts.

Andrew Rossman, a partner at Quinn Emanuel, discusses the legal battle between LVMH and Tiffany & Co., as the maker of Louis Vuitton bags tries to pull out of a $16 billion agreement to buy the jewelry brand. Anat Alon-Beck, a professor at Case Western Reserve School of Law, discusses an employee error that caused Citigroup Inc. to mistakenly pay out more than $900 million of its own money to a group of lenders expecting an interest payment on behalf of Revlon Inc. June Grasso hosts. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com

Even though retailers may be struggling through the coronavirus pandemic, few of their customers are defaulting on their credit card bills. As the crisis unfolded, Alliance Data Systems Corp. managers looked back to the 2008 recession for credit management models to follow and what to avoid, CEO Ralph Andretta said. "During the Great Recession, I'm not sure Alliance Data had a deep enough bench when it came to the forbearance programs they offered customers," he said. "That has changed." The company has offered some credit forbearance, such as offering plans to skip a payment, but few shoppers are taking up the most extreme 12-month program. “What we've also seen is people are paying not just their minimum due, but a bit better than their minimum due on their cards,” Andretta said. “They're keeping up with their bills; they're spending and they're paying. That's that that's exactly the type of loyalty you want.” Andretta started in February, joining a growing list of Central Ohio leaders who took the helm right before or in the midst of the pandemic. The latest episode of our Crisis Management podcast series represents his first interview with Columbus Business First since taking the job. The Columbus company branded credit cards for retailers, such as fashion, beauty and home improvement stores; and a division in Texas operates loyalty programs like airline miles. Andretta is optimistic about the future of retail and the shopping mall – maybe they'll be more showroom than point of purchase, but physical gathering places will eventually return, he said. We discuss how the company can emerge stronger due to renewed focus and reduced expenses, both temporary and ongoing, as well as how Andretta landed the job and what it was like to be "battle tested" right after taking the reins. Andretta previously was managing director of the U.S. credit cards business at competitor Citigroup Inc. He was named last November to succeed Melissa Miller, who had moved the HQ to Columbus from Plano, Texas.

Even though retailers may be struggling through the coronavirus pandemic, few of their customers are defaulting on their credit card bills. As the crisis unfolded, Alliance Data Systems Corp. managers looked back to the 2008 recession for credit management models to follow and what to avoid, CEO Ralph Andretta said. "During the Great Recession, I’m not sure Alliance Data had a deep enough bench when it came to the forbearance programs they offered customers," he said. "That has changed." The company has offered some credit forbearance, such as offering plans to skip a payment, but few shoppers are taking up the most extreme 12-month program. “What we’ve also seen is people are paying not just their minimum due, but a bit better than their minimum due on their cards,” Andretta said. “They’re keeping up with their bills; they’re spending and they’re paying. That’s that that’s exactly the type of loyalty you want.” Andretta started in February, joining a growing list of Central Ohio leaders who took the helm right before or in the midst of the pandemic. The latest episode of our Crisis Management podcast series represents his first interview with Columbus Business First since taking the job. The Columbus company branded credit cards for retailers, such as fashion, beauty and home improvement stores; and a division in Texas operates loyalty programs like airline miles. Andretta is optimistic about the future of retail and the shopping mall – maybe they'll be more showroom than point of purchase, but physical gathering places will eventually return, he said. We discuss how the company can emerge stronger due to renewed focus and reduced expenses, both temporary and ongoing, as well as how Andretta landed the job and what it was like to be "battle tested" right after taking the reins. Andretta previously was managing director of the U.S. credit cards business at competitor Citigroup Inc. He was named last November to succeed Melissa Miller, who had moved the HQ to Columbus from Plano, Texas.

US equity markets logged broad gains, buoyed by vaccine-related news and merger and acquisition (M&A) activity - Dow up +328-points or +1.18%, briefly trading back above >28,000. The broader S&P500 gained +1.27%, with Real Estate (up +2.16%) and Information Technology (+2.07%) leading all eleven primary sectors higher (and with seven of the eleven primary sectors logging gains of over >1%). Oracle Corp rose +4.32% after it was named a strategic partner for the U.S. operations of ByteDance-owned TikTok. Microsoft Corp (up +0.68%) was also seen as a front-runner in negotiations for a deal to own or operate the U.S. operations of TikTok but said Sunday (13 September) that its bid had been rejected by ByteDance. Airlines traded strongly (Delta Air Lines Inc up +3.53%, American Airlines Group Inc +2.39%) as data from the Transportation Security Administration showed that an average of 738,038 people went through TSA travel security checkpoints each day for the week ended 13 September. That was above the 715,145 daily average of the previous week, which includes most of the Labor Day holiday weekend, which tends to see a boost in travel demand. Citigroup Inc fell -5.59% after the Wall Street Journal reported that federal regulators (namely, the Office of the Comptroller of the Currency and the Federal Reserve) are expected to reprimand the bank for its faulty risk management system, which works to detect problematic transactions, risky trades and other such issues, and that has apparently sped up retirement plans for Chief Executive Michael Corbat The technology-centric NASDAQ rose +1.87%, snapping a two session losing streak. Apple Inc rose +3.00%. Tesla Inc jumped +12.58%. However, Nikola Corp slumped -8.13% in extended trading (after gaining +11.39% in regular trading) following a Bloomberg News report that the Securities and Exchange Commission will examine the company after a short seller report. The company released a statement earlier in the session aimed at refuting accusations made by the short seller, saying that the report had “dozens” of inaccuracies and that it had contacted the Securities and Exchange Commission (SEC). The small capitalisation Russell 2000 Index outperformed the major benchmarks with a +2.7% gain

US equity markets retreated after a volatile session, with fresh selling in the technology sector - Dow dropped -406-points or -1.45%. The broader S&P500 shed -1.76% Citigroup Inc after the bank said Chief Executive Officer (CEO) Michael Corbat announced plans to retire after about eight years in the role and 37 years at the bank. He will retire and step down from the board of directors in February 2021. The bank said Jane Fraser, currently the CEO of global consumer banking, will succeed Mr. Corbat as CEO in February. The technology-centric NASDAQ -1.99%. Facebook Inc (down -2.06%), Amazon.com Inc (-2.86%), Apple Inc (-3.26%), Netflix Inc (-3.9%), Alphabet Inc (-1.6%), and Microsoft Corp (-2.8%) all closed sharply lower All three benchmark indices have fallen for four of the past five days with the Nasdaq Composite now down -7.27% so far for September. Tesla Inc settled +1.4% higher, unwinding an earlier rally of over >8%.

Donald Trump va a pelear con todo para que la aplicación WeChat no llegue a los Estados Unidos por ser de China. Citigroup Inc presenta tercera demanda para recuperar los 1,000 millones perdidos por error. Climate Action 100+ es una iniciativa para los inversores que garantiza que los mayores emisores corporativos de gases de efectos invernaderos tomen conciencia y cartas en el asunto. Las ventas al menudeo en México incrementaron un 7.8%. Jeff Wilke CEO de la división mundial en Amazon planea retirarse en en 2021. Sigue pelea entre Apple vs Epic Games.

Citigroup Inc. - Q2 2020 Earnings Call - July 14 2020

"Millions of Americans sought unemployment benefits last week in a continuation of a historic labor-market decline triggered by the coronavirus pandemic," the Wall Street Journal reported Thursday. "About 4.4 million Americans applied for jobless benefits in the week ended April 18, the Labor Department said Thursday." Meanwhile, Reuters reported Thursday, "A stunning 26.5 million Americans have sought unemployment benefits over the last five weeks, confirming that all the jobs gained during the longest employment boom in US history have been wiped out as the novel coronavirus savages the economy." Reuters also reported Thursday, "US workers who refuse to return to their jobs because they are worried about catching the coronavirus should not count on getting unemployment benefits, state officials and labor law experts say. Workers in a handful of US states will face this situation this week, as state officials hope to revive economies paralyzed by shutdowns related to the epidemic." This is quite a conundrum."Companies and consumers flooded US banks with a record $1 trillion of deposits in the first quarter, when markets went haywire and America went dark to stop the spread of the new coronavirus. More than half of it went to the four largest banks in America — JPMorgan Chase & Co., Bank of America Corp., Wells Fargo & Co. and Citigroup Inc.," the Wall Street Journal reported Thursday. Is this evidence that, very simply put, cash is king?"Senate Majority Leader Mitch McConnell made clear in an interview Wednesday that the top priority for the Republican-controlled Senate upon its expected return early next month will not be approving desperately needed coronavirus aid for the unemployed, the uninsured and frontline workers," Common Dreams reported Thursday. "Rather, McConnell told conservative radio host Hugh Hewitt that the Senate will resume its rapid-fire confirmations of President Donald Trump's lifetime right-wing judicial nominees 'as soon as we get back in session.'" How big of a concern should this be for Americans?In activist Medea Benjamin's Wednesday article in Jacobin, titled "We Should Applaud the Cuban Health System — And Learn From It," she writes, "It is truly inspiring that this small, poor island has basic health indicators equal, or better, to those of the world's richest countries. This is even more remarkable after it has faced a brutal US blockade and sanctions for sixty years. Cuba's infant mortality rate of 4 per 1,000 live births is lower than in the United States — and that's according to the CIA!"GUESTS:Dr. Linwood Tauheed — Associate professor of economics at the University of Missouri-Kansas City. Dr. Jack Rasmus — Professor of economics at Saint Mary's College of California and author of "Central Bankers at the End of Their Ropes: Monetary Policy and the Coming Depression." David Schultz — Professor of political science at Hamline University.Medea Benjamin — Co-founder of human rights group Global Exchange and peace group Code Pink.

Citigroup – американская холдинговая компания финансового сектора c многолетней историей. Её клиентами являются как физические и юридические лица, так и правительственные организации. Проведенная нами оценка стоимости Citigroup позволяет считать акции компании недооцененными, при этом потенциал их роста на ближайшие 12 месяцев с фундаментальной точки зрения составляет порядка 20,1%. Мы сохраняем по акциям Citigroup рекомендацию «Покупать».

US equity markets were mixed last Friday but the benchmark indices logged their third consecutive week of gains - Dow up +37-points or +0.14%, marking the index's eighth straight advance. Trade bellwethers Caterpillar Inc and Boeing Co rose +1.5% and +1.1%, respectively. The broader S&P500 dipped -0.07%, with Materials (up+1.14%), Financials (0.84%) and Energy (+0.8%) the best performing sectors. Major banks Bank of America Corporation (up +1.69%), Citigroup Inc (+1.57%) and J.P.Morgan Chase and Co (+1.97%) all rose more than >1.5%. The NASDAQ eased -0.22%. Apple Inc fell -1.94%, with Goldman Sachs cutting their target price on the stock to US$165 from US$187 (but retaining their 'neutral' rating on the company) on concerns that Apple TV+ may act as a drag on earnings. The fall saw Apple's market capitalisation fall back below

US equity markets were mixed last Friday but the benchmark indices logged their third consecutive week of gains - Dow up +37-points or +0.14%, marking the index's eighth straight advance. Trade bellwethers Caterpillar Inc and Boeing Co rose +1.5% and +1.1%, respectively. The broader S&P500 dipped -0.07%, with Materials (up+1.14%), Financials (0.84%) and Energy (+0.8%) the best performing sectors. Major banks Bank of America Corporation (up +1.69%), Citigroup Inc (+1.57%) and J.P.Morgan Chase and Co (+1.97%) all rose more than >1.5%. The NASDAQ eased -0.22%. Apple Inc fell -1.94%, with Goldman Sachs cutting their target price on the stock to US$165 from US$187 (but retaining their 'neutral' rating on the company) on concerns that Apple TV+ may act as a drag on earnings. The fall saw Apple's market capitalisation fall back below

"The environment in which the debate is happening, it's not like it was 10 years ago. We're in the midst of a 'Me Too' movement, we're in the midst of a very, very public discussion about equal pay." This is what Rep. Rosa DeLauro told S&P Global Market Intelligence about why she recently reintroduced the Paycheck Fairness Act and why she thinks it has momentum as it heads to the Senate. It has has already been a big year for pay equity advocates: In January, Citigroup Inc. became the first bank to disclose its median gender pay gap, while actress Michelle Williams made headlines when she spoke on Capitol Hill about her personal experience being paid far less than her male costar. DeLauro hopes to build on that momentum. The Democrat congresswoman from Connecticut is one of several experts we interviewed about the gender pay gap for the latest episode of ESG Insider, an S&P Global podcast. While the U.S. Congress weighs DeLauro's bill, the U.K. has already implemented a law requiring that organizations report on their gender pay gaps. In April, U.K. companies disclosed this information for just the second time, and our podcast dives into the new data points, looking at which companies and industries made progress closing the gap. In the U.S., the issue is also garnering investor attention. In this episode, we hear from an activist shareholder who submitted a proposal calling for more gender pay gap disclosures at some of the nation's largest banks. Bank of America Corp. and Wells Fargo & Co. shareholders voted down the proposal at meetings in April, and JPMorgan Chase & Co. shareholders are poised to vote on the proposal later in May. "We're definitely at a transition point for transparency and disclosure, and any employer that is too hesitant risks being left behind by the broader conversation," said Glassdoor Senior Economist and Data Scientist Daniel Zhao. We talked to Zhao about a new report by Glassdoor, which found the gender pay gap is narrowing but persists around the globe. The U.S. adjusted pay gap fell below 5% in 2018 from 6.5% in 2011, thanks in part to a tighter labor market, more women participating in the workforce and greater awareness of the issue, the jobs website found. The issue is gaining momentum and publicity, but experts we interviewed say closing the gap will take years. "That might not sound like a lot, but it adds up to tens of thousands of dollars over a woman's career," Zhao said. "The gender pay gap is narrowing, but at a slow pace. At the current rate, it will be decades if not generations before the pay gap closes fully." (Photo: AP)

Today, we are talking with Mattan Griffel (@mattangriffel) about how to learn Python. Mattan teaches code to MBAs — at Columbia Business School. He also teaches the Learn Python course here at One Month. Why learn Python? Python is one of the most popular languages for data analytics and web development "Python is the new Excel" being used in business school finance classes. Google, Instagram, Uber and many more companies are using Python. “Forget Wall Street lingo. The language Citigroup Inc. wants its incoming investment bank analysts to know is Python” — Bloomberg, 2018 (that quote says it all). In this episode, we discuss:  * How long did it take Mattan to learn Python? * What is a great first project to build in Python? * What is the best programming language to learn first? * What are some free Python resources? Learn Python with Mattan at www.onemonth.com — that's also where you can find all the transcripts and shownotes from this episode. 

The interviews: U.S. EPA Chief Andrew Wheeler, Citigroup Global Head of HR Sara Wechter, Arjuna Capital Managing Partner Natasha Lamb, Center for Political Accountability President Bruce Freed, ACCF VP of Policy Tim Doyle, As You Sow President Danielle Fugere.   The backstory: Shareholders filed proposals on nearly 400 environmental, social and sustainability issues at U.S. companies through mid-February. The top topics were climate change, gender diversity and corporate political spending. In the second episode of ESG Insider, an S&P Global podcast, we talk to the activist shareholders behind some of these proposals. We hear from one of the world's largest banks about how it engaged with an activist investor on the gender pay gap. And some skeptics of the ESG movement weigh in with their misgivings about the corporate focus on sustainability. "At some point it comes down to: is the company taking the action that shareholders think is necessary? And if not, the resolution process is a way to focus a company's attention on the issue," said Danielle Fugere, president and chief counsel of As You Sow, which is at the forefront of efforts to get companies to set targets to lower their greenhouse gas emissions in line with the Paris Agreement on climate change. The episode features an exclusive interview with U.S. Environmental Protection Agency Administrator Andrew Wheeler, who shares his views on the ESG movement. Also in episode 2, Arjuna Capital LLC Managing Partner Natasha Lamb reveals how her wealth management firm convinced Citigroup Inc. to disclose new — and unflattering — gender pay gap data, even as other banks push back. And Citigroup Global Head of Human Resources Sara Wechter explains why the bank is OK with admitting it has some progress to make in that area. "In order for us to really make a difference, we have to become as comfortable as we possibly can be with the numbers, even if they are uncomfortable," Wechter said. Other podcast guests include Center for Political Accountability President and Co-founder Bruce Freed, and Tim Doyle of the American Council For Capital Formation, which is a member of the Main Street Investors Coalition that is pushing back on the ESG movement. (Photo: AP)

Episode 51: Leaders Make Turnarounds Happen Management is about arranging and telling. Leadership is about nurturing and enhancing. Tom Peters. A high performing team is creative, innovative, and empowered; able and willing to take appropriate action to support your organizations objectives. Sometimes, you as the leader, will need to motivate the team for a turnaround in some areas due to a failure. The reasons can be many. But how you respond can mean the difference between success and failure. One. Don't react. When you immediately make changes your team reads it as an attack on their core identity as a contributor to the team. This will lead the team to further demoralization, subtle resistance, and reduced engagement. Two. Focus on building not on what is wrong. Understand the team, engage the team, align the team. Help them to help you solve the turnaround that's necessary. Don't try and show them that you are smarter than them. Build trust and clear communication. Three. Be patient. Turnarounds do not happen overnight. But if you are persistent and are committed to leading your team through the turnaround you will find the solution, together and you will rebuild the high-performance team you can be. Four. Determine your outcome. Have a clear vision of what your team can and will be. Help each team member to align with that outcome. Turnaround or growth, it's getting your people focused on the goal that is still the job of leadership. Anne M Mulcahy (former chairperson and CEO of Xerox Corporation. She was named CEO of Xerox on August 1, 2001, and chairwoman on January 1, 2002. In addition to serving on the Xerox board, she has been a member of the boards of directors of Catalyst, Citigroup Inc., Fuji Xerox Co. Ltd. and Target Corporation.) --- Send in a voice message: https://anchor.fm/theleadershipboost/message Support this podcast: https://anchor.fm/theleadershipboost/support

Weight of evidence giving me serious clues Stage 4 will succeed. $c $study

The Bank Lobbyist Act was just signed into law and as the nickname suggests, it is a banker’s wet dream. In this episode, learn the details of this new law including the many favors to banks big and small - which undoubtedly make our entire financial system riskier - along with a few good provisions that can help you protect your identity and maybe even increase your credit score. Joe Briney joins Jen for the thank you’s.   Please Support Congressional Dish - Quick Links Click here to contribute a lump sum or set up a monthly contribution via PayPal Click here to support Congressional Dish for each episode via Patreon Send Zelle payments to: Donation@congressionaldish.com Send Venmo payments to: @Jennifer-Briney Use your bank’s online bill pay function to mail contributions to: 5753 Hwy 85 North Number 4576 Crestview, FL 32536 Please make checks payable to Congressional Dish Thank you for supporting truly independent media! Recommended Congressional Dish Episodes CD099: April Takes a Turn CD160: Equifax Breach CD161: Veterans Choice Program CD129: The Impeachment of John Koskinen Recommended Reading Chain of Title: How Three Ordinary Americans Uncovered Wall Street's Great Foreclosure Fraud by David Dayen Additional Reading Article: Investors throwing caution to the wind when shopping for CLOs by Glen Fest, Asset Securitization Report, May 24, 2018. Report: The finance 202: Banks give richly to three Senate Democrats who backed deregulation by Tory Newmyer, The Washington Post, May 23, 2018. Article: Insurers welcome global regulation provision in banking reform bill by Andrew G. Simpson, Insurance Journal, May 23, 2018. Report: House passes Dodd-Frank reform bill, approval now pending from President Trump by Caroline Basile, Housing Wire, May 22, 2018. Report: Reg relief bill S. 2155 passes House; monumental win for credit unions by CUNA, CUInsight, May 22, 2018. Report: Dodd Frank rollback passes house, moves to President's desk for signature to become law by JD Alois, Crowdfund Insider, May 22, 2018. Letter: Oppose S. 2155, the "Economic Growth, Regulatory Relief and Consumer Protection Act" by Vanita Gupta, President & CEO of The Leadership Conference, CivilRights.org, May 21, 2018. Article: Bill aimed at saving community banks is already killing them by David Dayen, The Intercept, May 16, 2018. Opinion: Big banks crying wolf over another key Dodd-Frank regulation by Mayra Rodreguez Valladares, The Hill, May 12, 2018. Report: At $1 trillion, leveraged loans are closing in on junk bonds by Yakob Peterseil and Cecile Gutscher, Yahoo Finance, May 3, 2018. Article: Bank earnings are rising, but look past the obvious players by David Borum, NASDAQ, May 1, 2018. Report: Elliot eyes push into Wall Street's hottest debt trade by Sridhar Natarajan, Sally Bakewell, and Katia Porzecanski, Bloomberg, April 30,2018. Article: Washington wants to weaken bank rules. Not every regulator agrees by Peter Eavis, The New York Times, April 24, 2018. Article: Revenge of the stadium banks by David Dayen, The Intercept, March 2, 2018. Article: Behind a key anti-labor case, a web of conservative donors by Noam Scheiber and Kenneth P. Vogel, The New York Times, February 25, 2018. Article: Lower tax rate fuels record profit for Buffett's Berkshire Hathaway, CNBC, February 24, 2018. Report: The richest 10% of Americans now own 84% of all stocks by Rob Wile, Money, December 19, 2017. Report: H.R. 477, the Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2017, Republican Policy Committee, December 4, 2017. Brief: Clayton buys CO's Oakwood Homes in latest site-build deal by Mary Tyler March, Construction Drive, July 7, 2017. Opinion: Who will benefit from the newly passed supporting America's Innovators Act? by James Murphy, Forbes, May 3, 2017. Article: Minorities exploited by Warren Buffet's mobile-home empire by Mike Baker and Daniel Wagner, The Seattle Times, December 26, 2015. Article: The mobile-home trap: How a Warren Buffett empire preys on the poor by Mike Baker and Daniel Wagner, The Seattle Times, April 2, 2015. Article: Furor over move to aid big banks in funding bill by Jonathan Weisman, The New York Times, December 11, 2014. Article: Citigroup wrote the Wall Street giveaway the House just approved by Erika Eichelberger, Mother Jones, December 10, 2014. Article: Testing theories of American politics: Elites, interest groups, and average citizens by Martin Gilens and Benjamin I. Page, Princeton Scholar Publication, September 2014. Article: See how Citigroup wrote a bill so it could get a bailout by Erika Eichelberger, Mother Jones, May 24, 2013. Report: Banks' lobbyists help in drafting financial bills by Eric Lipton and Ben Protess, The New York Times, May 23, 2013. Bill Outline S. 2155: Economic Growth, Regulatory Relief and Consumer Protection Act ("The Bank Lobbyist Act")   TITLE I: IMPROVING CONSUMER ACCESS TO MORTGAGE CREDIT Section 101: Exempts banks with under $10 billion in assets from ability-to-pay documentation requirements for mortgages as long as the loans do not have interest-only or principal increasing features. The bank is also supposed to keep the loan in their portfolio but there is a loophole that allows the loan to be sold as long as the next bank keeps the loan in their portfolio. Section 103: Exempts banks from having do to appraisals of property located in rural areas for transactions under $400,000 Section 104: Exempts banks and credit unions from reporting data about credit scores, debt-to-income ratios, and loan-to-value ratios of their loans if the bank issues fewer than 500 loans per year, which includes 85% of all banks and credit unions. Section 107: Allows people selling manufactured homes to guide their customers towards getting loans from certain banks as long as they disclose to the customer in writing that they have a corporate affiliation with the bank and as long as they do not directly negotiate the loan terms. The home seller would be allowed to be paid for steering customers to the bank. TITLE II: REGULATORY RELEIF AND PROTECTING CONSUMERS ACCESS TO CREDIT Section 201: Exempts banks with less than $10 billion in reported assets from rules limiting their stock market trading with deposits, reporting requirements, and other standards as long as they hold on to (maintain a "community bank leverage ratio") of between 8 and 10 percent. Section 202: Frees banks that accept "broker deposits" from other banks (banks that help rich people get around FDIC insurance limits -specifically Promontory) from having to hold onto more money to make up for the risk these accounts pose to the banks who accept them. TITLE III - PROTECTIONS FOR VETERANS, CONSUMERS, AND HOMEOWNERS Section 301: Requires that credit reporting agencies place a security freeze, free of charge, for consumers within 1 business day if requested by phone or Internet or 3 business days if requested by mail. Within 5 business days, the agencies must then inform the consumer that the freeze has been placed and inform the consumer how to remove the freeze. Removals must be done within one hour of a phone or Internet request and 3 business days if requested by mail. Temporary removal requests must be granted for the time requested by the consumer. Credit freezes will not stop law enforcement, debt collectors, or "any person using the information for employment, tenant, or background screening purposes" from accessing a "frozen" credit report. Requires that the credit reporting agencies each set up a website for requesting freezes, requesting fraud alerts, and opting out of having their personal information sold to marketers. The Federal Trade Commission will also set up a single website linking to the websites of the credit reporting agencies (likely www.identitytheft.gov) Section 302: In response to the reporting of medical debt of veterans due to delayed payments to non-VA doctors as part of the Veteran's Choice Program, if a medical service is delinquent by less than a year, the veteran can submit information to the credit rating agencies and have that medical debt removed from their report. Within 1 year, the Secretary of Veteran's Affairs must create a database to allow credit reporting agencies to verify veterans' medical debt. Within 1 year, the Federal Trade Commission will have to create regulations requiring that active duty military members be given credit monitoring services for free Section 303: Grants immunity to people and the banks who employ them for reporting financial fraud against a senior citizen as long as they have received training for spotting financial abuse. TITLE IV: TAILORING REGULATIONS FOR CERTAIN BANK HOLDING COMPANIES Section 401: By the beginning of 2020, the threshold for a bank to be subjected to stress tests and extra requirements for holding onto actual cash will be changed so that the only banks subject to those regulations are ones with over $250 billion in assets, as opposed to the $50 billion threshold enacted by Dodd-Frank. Also changes the frequency of stress tests for big banks (over $250 billion in assets) from "semiannual" to "periodic", which could be as little as once every three years. It also reduces the number of scenarios to be test from 3 to 2. Sec. 402: Loosens the definition of a "custodial bank" in a way that allows the big banks to qualify. It then allows the money the banks have in a the Federal Reserve or other central banks to be omitted from calculations for their supplementary leverage ratio, allowing the banks to cook the books in order to hold onto less money. TITLE V: ENCOURAGING CAPITAL FORMATION Section 504: The "Supporting America's Innovators Act" allows venture capital funds with up to 250 investors to get out of registering with the Securities and Exchange Commission. The previous threshold was 100 individual investors. Section 507: Doubles from $5 million to $10 million the amount of securities a company can sell in a year before having to give additional information to investors, which will increase along with inflation. TITLE VI: PROTECTIONS FOR STUDENT BORROWERS Section 601: Prohibits private banks from declaring an automatic default or accelerated repayment of student loans in the case of a co-signer's death and banks will have to release from responsibility a co-signer if the student dies. This will only apply to student loans that are created in 2019 or after. Section 602: Allows banks to remove a customer's student loan debt from their credit report if the bank decides to give the student a new monthly loan repayment program and the student makes their payments. Resources Amicus Brief: Mark Janus v. American Federation of State, County and Municipal Employees, Council 31, et al. Company Info: Vanderbilt Mortgage Congressional Budget Office: Cost Estimate of S. 2155 Congressional Budget Summary: S. 2155, Economic Growth, Regulatory Relief, and Consumer Protection Act Graph: Commercial and Industrial Loans, All Commercial Banks, FRED, May 18, 2018. Govtrack: H.R. 2954: Home Mortgage Disclosure Adjustment Act Govtrack: S. 2155: Economic Growth, Regulatory Relief and Consumer Protection Act Govtrack: H.R. 650 (114th): Preserving Access to Manufactured Housing Act of 2015 OpenSecrets.org: Commercial Banks Info OpenSecrets.org: Manufactured Housing Institute OpenSecrets.org: Citigroup Inc. Senate Archives: Class I - Senators Whose Term of Service Expire in 2019 Sound Clip Sources Video: Dark Money and the Federal Courts: The Secret Push to Weaponize the First Amendment, May 21, 2018. Sheldon Whitehouse: I think what has very clearly happened is that unlimited money—and its nasty big brother, unlimited dark money—have showed up since the Citizens United decision and basically driven Congress into a state of servitude to those who have the wherewithal to engage with us with all that dark money. So, parity _____(01:07) the problem. It’s just not capable of being—reaching a state of parity by its nature, which is why spotlighting it and going after it and explaining it to the American people is so important, because there is a winning and important story to be told here. And if we win this issue—this is like the Death Star. In Star Wars, they didn’t go fight the evil empire on every single planet; they went after the Death Star, and once they won the Death Star, everything else moved in a better direction. If we can solve the dark-money problem, then we can start to win on pharmaceuticals, on Wall Street, on environment, on fossil fuels, on a whole variety of other issues. And that’s why they fight so desperately to protect this, because they know it’s their Death Star, too. If you look out at the American public, you see a very large segment of the American public that feels it is not being listened to. They don’t believe that Washington is listening, they don’t believe that the powers of government reflected here are listening to them, and they’re not wrong. If you look at the Bartels’ Princeton study, it shows that there is essentially zero statistical correlation between what we do in Congress and what regular people want Congress to do. Move up to the one percent, move up to the big corporations, and suddenly there’s a very, very powerful statistical correlation. So it is very clear that in fact in many significant ways the government of the United States has indeed been captured by big special interests. The DISCLOSE Act, requiring transparency for all political contributions, is permitted by the Citizens United decision. And if you live in a tropical climate and go into the kitchen at night and turn on the light, you will often see cockroaches skittering for the shadows and for the corners when you turn on the light at night in the kitchen. In the same way, you turn on the light of disclosure—and I think a lot of the cockroaches skitter for the shadows, and probably, and my guess, two-thirds of the unlimited spending supported by Citizens United goes away when it’s not anonymous any longer. The dark-money operation is all over. It is after us in elections, it is after us in administrative agencies, it is after us with lobbying in the halls of Congress, it is after us in all these different ways I’ve just described in the courts. We are taking essentially dark money, artillery fire, every single moment on multiple fronts. In artillery, there is a thing called counter battery, where you fire back at the artillery that is firing at you. That needs to be a priority for Democrats. We need to make sure that the spotlight of disclosure is on these webs, on these networks, focused on the special interests behind the front groups, focused on the creepy billionaires who are spending this money, so that the American public sees what is really going on. That is our job, and every day that we are not doing that job, we are losing and we are failing in our duty to this country. Video: LinkedIn Lobbyist Group and Dodd Frank, Laws and Sausage TV, April 24, 2018. Jeffrey Taylor: Well, again, that’s the other thing: trying to get on the—try to get support for your bill from the industry associations and the think tanks that weigh in on these kinds of things. Early on, we had the more free market, the more—well, free market, like the Chamber of Commerce and other financial services groups, but a little later in the process, we also had on a group that is considered left of center, the national state securities secretaries association called NASAA. And the minute they came on the bill, “Katy, bar the door!” All of a sudden, a number of Democrats had to say, “Well, if they’re on the bill, there must be some merit here.” And that’s actually when we started to have more dialog on the Left, trying to make this a bipartisan bill. Jeffrey Taylor: When you have NASAA and the U.S. Chamber, you’re now covering the waterfront on the political spectrum, and we were able to move forward. There are some people like Senator Warren that you will never get, because they believe in highly regulating the financial services. And you can talk to Senator Warren and her colleagues all you want, and you kind of know at the end of the day, we tried but we know we’ll never get there. But there are others like Senator Heitkamp, Senator Donnelly, Senator Warren that there’s a good chance, because they’re pro-business Democrats, that maybe we can get them on board, and then once we get one or two on board, others will come on board because they trust their judgment. So, it’s all putting a puzzle together. And you’re absolutely right: finding the outside interests that are trusting to Democrats and are trusting to Republicans, and we were able to do that. Host Brian Trascher: Well, Jeff, you pretty well explained your strategy thus far. How do you think you’re going to spend the rest of 2018 to try to keep your bill moving forward, and in an election year, get something done before the next Congress takes over? Jeffrey Taylor: Well, what we’re hopeful is is that the Senate banking committee actually did pass a bill recently. It had come over from the House. It’s bill S.2155. And that is a compendium of a lot of bills—securities bills—and so ours is not in that bill. But what the Senate did was, it made changes to the original House bill. So when the Senate passes a bill like that, it has to go back to the House because both bills have to be absolutely spot-on identical. And so now that it’s back in the House, we’re going back to Senator Jeb Hensarling and some of the other members and say, “Listen, in the intervening months, we passed a 426-to-zero bill. How about putting our bill into the bigger 2155?” And so based on all of the interaction we have so far, they’re seriously considering that. They’re seriously considering putting one or two bills that passed over the last four or five months into 2155. They’ll put it into 2155, send it back to the Senate, and hopefully at that point the Republicans and Democrats in the Senate will say, “Well, good grief. These are all unanimous votes. There really is nothing contentious here, so, okay, we will now pass the revised 2155,” which actually has our bill 477 in it, and we’re in good shape at that point. So those are the kind of negotiations that are going on right now, putting our smaller bill into the larger bill going. And so we’ll keep ______(01:58—with that). Go ahead. Trascher: Yeah, and piggybacking is also a very good strategy when sometimes your particular instrument stalls or meets with some resistance, a lot of times you can get it thrown into something that has a lot more momentum and is in a posture to pass. Host Brian Trascher: Well, you’re right: it is rare to get a unanimous vote in the House unless it’s to rename a post office or something. To what do you credit your success in getting that unanimous vote in the House? Was it because of the two high-profile sponsors, bipartisan sponsors, who latched onto the bill? Jeffrey Taylor: Well, Maxine Waters didn’t latch on right away. And in fact, when we made it through the committee, it was still a bipartisan bill. I think it was split right down the middle, although you could tell that there were a number of Democrats on the committee that liked the bill but it needed some corrections. And at that point, that’s when lobbyists come in and say, “Okay, Congresswoman Waters, this really is dead in the Senate if we don’t have some kind of bipartisan support in the House.” And so we sat down with her team and said, “All right. Let’s go through the bill line by line, and we’ll bring in our experts, and you bring in your experts, and let’s really tear this thing apart. You know, obviously, we can’t bring Democrats on if we all of a sudden equally lose Republicans, so where can we find that sweet spot?” And her staff was very accommodating. “Here are the three areas, Jeffrey. What can you do that doesn’t harm the overall bill?” And we were able to tweak each of these areas, and at the end of the day, to Congresswoman Waters’ credit, she said, “Done. That’s a good bill now.” We went to the floor, Mrs. Waters spoke on behalf of the bill, Chairman Hensarling spoke on behalf of the bill, and boom, 426 to zero. It can still be done. You can still find the happy medium. The problem is, it’s much more difficult in the Senate. Everybody thinks that the House is the more partisan. In fact, there’re a lot of bills going from the House to the Senate. It’s in the Senate where things are not even getting hearings and trying to get to the floor of the Senate for a vote. And I think part of that is the mismanagement of Senator Chuck Schumer, who has told all of the Democratic senators, “We are the resistance. We are not going to proceed.” And boy, when you start with a premise like that, it’s hard to get things even to the batter’s box in the U.S. Senate. Community Suggestions Video: Corruption is Legal in America - Represent.Us See more community suggestions HERE.  Cover Art Design by Only Child Imaginations Music Presented in This Episode Intro & Exit: Tired of Being Lied To by David Ippolito (found on Music Alley by mevio)

Estos son temas de interés, el Cohete Falcon Heavy es un éxito y bancos niegan Bitcoin para hacer transacciones internas o externas. En el caso de Estados Unidos, un número creciente de bancos están decidiendo que no quieren financiar la criptomoneda. JPMorgan Chase & Co., Bank of America Corp (viernes). y Citigroup Inc. dijeron recientemente que están deteniendo las compras de Bitcoin y otras criptomonedas con sus tarjetas de crédito.El gigantesco cohete Falcon Heavy, con el que la empresa SpaceX confía en el futuro conquistar Marte, despegó desde el Centro Kennedy de la NASA en Cabo Cañaveral, en Florida, para un viaje de prueba en el que por primera vez se pondrá en el espacio un automóvil, en una ruta estimada en 400 millones de kilómetros.Con este viaje se trata de probar si el Falcon Heavy, de 70 metros de alto y con capacidad para transportar más de 64 toneladas, puede servir para llevar carga útil al espacio.https://www.tendencias.tech | berlin@tendencias.tech | FB: TendenciasTech |TW: @tendenciastech | YT: Tendencias Tech | App: TendenciasTechSupport this show http://supporter.acast.com/tendenciastech. See acast.com/privacy for privacy and opt-out information.

This month we saw a small sell-off in markets that got big attention. How did we get to the point where a 1 percent fall in the S&P 500 over the course of a week is huge news? And are we about to enter a time when it becomes much more normal to see markets fall? Matt King, global head of credit strategy at Citigroup Inc., has never shied away from the big picture questions. In this episode of the Odd Lots podcast, he predicts we'll see more wobbles in the future, and walks us through some of the biggest and most fundamental changes that have taken place in markets over the past few years.

Option Block 423: Unusual Activity Palooza Trading Block: How traders cashed in big on the GE deal. VIX does record volume - it's been a while.   Odd Block: Calls trade in Dunkin Brands Group (DNKN), puts trade in Valero Energy Corp. (VLO), calls trade in AT&T (T).   Strategy Block: A special strategy block from Andrew about volatility     Mail Block: Question from Ingles - I like options, but the commissions are killing me! Why are they so expensive?   Around the Block: Earnings! Tuesday - JP Morgan, Wells Fargo, Intel Corporation Wednesday - Bank of America, Netflix, Inc., SanDisk Corporation Thursday - Goldman Sachs, Citigroup Inc., American Express Company Friday - General Electric Company  

Option Block 423: Unusual Activity Palooza Trading Block: How traders cashed in big on the GE deal. VIX does record volume - it's been a while.   Odd Block: Calls trade in Dunkin Brands Group (DNKN), puts trade in Valero Energy Corp. (VLO), calls trade in AT&T (T).   Strategy Block: A special strategy block from Andrew about volatility     Mail Block: Question from Ingles - I like options, but the commissions are killing me! Why are they so expensive?   Around the Block: Earnings! Tuesday - JP Morgan, Wells Fargo, Intel Corporation Wednesday - Bank of America, Netflix, Inc., SanDisk Corporation Thursday - Goldman Sachs, Citigroup Inc., American Express Company Friday - General Electric Company

Options Oddities 138: FXE, C, TAP   Unusual Activity for March 11, 2015:   Size put buyers in Currency Shares Euro Trust (FXE) Call traders in Citigroup Inc. (C) Call spreads in Molson Coors Brewing Co. (TAP)

Option Block 229: The Death Hedge Trading Block: Most indexes closed down by the end of the day. Juice comes back into the VIX. Cypress: is it the new Greece? GLD, SLV and other metals up on the day. Lululemon recalls "see-through" yoga pants. Odd Block: Calls spread trades in the VIX, put buying in Citigroup Inc. (C), and big trades in Constellation Brands Inc. (STZ). Xpress Block: Two names stood out on the desk: General Motors and Dell. Strategy Block: Mike Tosaw gets his very own rant about busting the myths of annuities. Go, Mike, go! Around the Block: Keeping an eye on Cypress. We're close to all-time highs in the market.

Option Block 229: The Death Hedge Trading Block: Most indexes closed down by the end of the day. Juice comes back into the VIX. Cypress: is it the new Greece? GLD, SLV and other metals up on the day. Lululemon recalls "see-through" yoga pants. Odd Block: Calls spread trades in the VIX, put buying in Citigroup Inc. (C), and big trades in Constellation Brands Inc. (STZ). Xpress Block: Two names stood out on the desk: General Motors and Dell. Strategy Block: Mike Tosaw gets his very own rant about busting the myths of annuities. Go, Mike, go! Around the Block: Keeping an eye on Cypress. We're close to all-time highs in the market.

Live from the Occupy Wall Street Rally, New York NY Picketers marched yesterday as part of the Occupy Wall Street movement that began three weeks ago in Lower Manhattan and has spread across the U.S. The New York crowd was estimated at 10,000, according to Patrick Bruner, a spokesman for the effort.  View our slide show   "There's power in numbers, and we outnumber the people we're trying to hold accountable," said Henry Liedtka, a 27- year-old pharmacy worker from New Jersey who said he's protested since Oct. 2. "We should be bailing out the American public -- not corporations -- by raising the minimum wage, bringing jobs back from overseas and improving labor conditions."   Protesters criticized the government for propping up hobbled financial giants, including Citigroup Inc. and Bank of America Corp., with a $700 billion taxpayer-funded bailout in 2008, while leaving Americans to struggle with unemployment, depressed wages, soaring foreclosure rates and slashed retirement savings

iona college, infrastructure, terex, roads, bridges, public transportation

What can you do about the recession? We have been bombarded by information about foreclosures, stock market plunging, bank losses, trillion dollar debts, billion dollar bailouts... Citigroup Inc. is cutting approximately 53000 more jobs in the coming quarters as the banking giant struggles to steady itself after suffering massive losses from deteriorating debt. But do you have to buy into this? What if you don't? What if you don't have to react fearfully? With more than twenty years in the industry Baron Mastery Institute has a proven track record as a world leader in advanced personal excellence education. We provide you with the most practical cutting edge tools that allow you to breakthrough your fears, overcome your limiting beliefs, and harness your ultimate power, completely aligning you with who you want to be. All of our programs combine innovative action-based learning with total immersion, giving you profound results quickly while providing positive lasting change. Whether you are looking to advance your career, develop deeper and more loving relationships, energize your health, master your emotions, or achieve financial freedom, our seminars, workshops, and University programs will revolutionize every area of your life forever. Length: 15:32 Go to iTunes and review our podcast: iTunes Mind Mastery Podcast Reviews and 5 star ratings Every review and 5 star rating adds to the popularity of my podcast and helps us put the word out to more people. Make sure to leave a Comment. Your feedback is much appreciated! If You Enjoyed This, Please Go To "FANS OF THIS SHOW" On The RIGHT And Then Click On "BECOME A FAN". In Addition, PLEASE CLICK On The “SEND TO FRIENDS” At The Bottom Of This PodCast Episode…. COPY THE DATA And SEND THIS, and “My Pod Home Page URL”, To EVERYONE In Your ADDRESS BOOK…. FRIENDS Or ENEMIES! WANT TO BE NOTIFIED OF NEW EPISODES? ~~~~~~~~~~~~~~~~~~~~ Go To “Join my mailing list ” On The RIGHT………. When It Comes Up You Will See On This Page “Add me to dovbaron's mailing list:” ………. And Then type in your name and email address ………. Now Just Click “Save”. Technorati Tags: personal growth, success, The Secret, Dõv Baron, Scott Paton. See acast.com/privacy for privacy and opt-out information.

The U.S. services sector grew at a faster-than-expected rate in October boosted by strength in new orders. The Institute for Supply Management's index gauging the health of non-manufacturing industries registered 55.8, up from 54.8 in September.Citigroup Inc. (C) has forced out Chuck Prince as chairman and chief executive amid word the financial-services giant will write down as much as another $11 billion in bad mortgage assets. Robert Rubin, the former U.S. Treasury secretary and co-head of Goldman Sachs, will become chairman. Time Warner?s (TWX) Chief Executive Richard Parsons will step down and be replaced by Chief Operating Officer Jeffrey Bewkes. Bewkes, identified as the heir apparent since 2005, will take over the CEO job on January 1st. Parsons will remain as chairman.IAC/InterActiveCorp (IACI), the Internet conglomerate run by media mogul Barry Diller, said it will break itself into five publicly-traded businesses. The company said its HSN home shopping network, Ticketmaster ticketing service, Interval time-share business and LendingTree mortgage referral units would be spun off.PetroChina Co. (PTR) shares more than doubled in their Shanghai debut, giving the oil giant a $1 trillion market capitalization and easily surpassing Exxon Mobil as the world's largest company.Fed Chairman Ben Bernanke will head to Capitol Hill to give his views on the economy. Bernanke's appearance in front of the Joint Economic Committee on Thursday could be the highlight of the coming week's economic news. In Forex News TodayThe dollar is not getting much respect these days and nothing seems to be able to prop it up. The US currency is getting pushed around with little regard. With the subprime mortgage house of cards falling down and billions of dollars leaving top financial banks - there is an uneasy feeling of crisis; the oil price is approaching the $100/barrel mark, gold continues to advance, many equities are taking a reality check, and jobs are only starting to get wiped out. All these factors are playing a part in the continuing decline of the US Dollar. The Canadian dollar meantime surged to its highest level against the US dollar since the currency was floated half a century ago after surprisingly strong Canadian employment data improved the loonie?s interest rate appeal. The Canadian dollar has risen over 20 per cent against the dollar so far this year. Analysts said the recent jobs data increased the chances that the Bank of Canada would leave interest rate on hold at 4.5 per cent in the coming months. And BNP Paribas chief currency strategist said the dollar may drop to $1.50 per euro by end of the year. The median estimate of 42 strategists is for the dollar to end the year at $1.43. Among those surveyed last week, the forecast ranges from $1.42 to $1.50.Scheduled Economic Reports (Tuesday)Retail Chain Index (Week of November 3rd)In Earnings NewsBurger King Holdings Inc. (BKC) said its fiscal first-quarter earnings rose 23 percent, surpassing Wall Street expectations. The chain earned $49 million, or 35 cents per share. Analysts expected 33 cents.Entergy Corp. (ETR) reported its third-quarter profit jumped 19 percent. Net income rose to $461.2 million, or $2.30 per share. Analysts expected $2.18 a share.Food distributor Sysco Corp. (SYY) reported it earned $267 million, or 43 cents per share. Analysts, on average, expected profit of 41 cents per share.Scheduled Earnings Reports (Tuesday)Cox Radio, Avis Budget Group, Cooper Tire & Rubber, Silicon Graphics, Molson Coors Brewing, El Paso Corp, HealthSouth, Nortel Networks, Ruth?s Chris Steakhouse, Tenet HealthcareStocks in the NewsPepsiCo (PEP) reorganized its business into three units - PepsiCo Americas Foods; PepsiCo Americas Beverages; and PepsiCo International.The Home Depot Inc. (HD) and Lowe's Cos. (LOW), were downgraded by a Deutsche Bank analyst who said that a recovery in the U.S. housing market is further off than he previously thought.And Dell Inc. (DELL) will acquire privately held EqualLogic, a network-storage provider, for $1.4 billion in cash.

There's a special guest on the show - Adam "Roothlus" Levy. He's going to help us navigate these murky waters of scams, bullshit stories, and more. Why is Coinbase losing good will? Why is Kraken gaining it? Why wasn't Brent hired at Kraken? Also - Brent got hacked on this edition. # Episode 165 - Flagship Friday [QuadrigaCX Granted 45 More days to repay funds](https://u.today/quadrigacx-granted-45-more-days-to-recover-lost-140-mln-exchange-may-be-sold-later-on) [Bitgrail CEO must repay 170mil](https://whichblockchain.com/news/bitgrail-ceo-must-repay-170-million-in-missing-funds/) [XRP and XLM were approved by Thailand SEC](https://www.reddit.com/r/CryptoCurrency/comments/aw52k8/xrp_xlm_approved_by_thailand_sec/) [IOTA Released a Testnet without the COO - AND they went fully discord transparent.](https://blog.iota.org/a-coo-less-testnet-879ad17ca1af) [ENJ Released their SDK for Unity](https://twitter.com/enjin/status/1102362183462195200?s=09) - They're not on Samsung though. - You know we gotta do our weekly QuadrigaCX Update. - [First of all last week Kraken offered a $100k reward](https://blog.kraken.com/post/2155/were-offering-a-100000-reward-for-discovery-of-quadriga-coins/) for any information regarding the QCX situation that leads to the discovery of funds. - They also put out two full podcast episodes about it. ([Their 3rd](https://www.kraken.com/#episode3) and [4th episode](https://www.kraken.com/en-us/learn/podcast#episode4)). They're combined almost 3 hours worth of information. I didn't listen. - [It fuckin worked somehow.](https://www.reddit.com/r/CryptoCurrency/comments/avwzce/breaking_over_600k_ethereum_belonging_to/) They found over 600k in ETH the next day. Roughly 90-100M depending on the ETH price at the time. - Some of it was on Kraken lol. Most of it was on Bitfinex. - Even though some was found, this doesn't necessarily mean that it was QCX or that it can be recovered. - There's somehow more. - ***[Their cold wallets were found empty.](https://www.reddit.com/r/CryptoCurrency/comments/ax6i7q/quadrigacx_plot_thickens_as_cold_wallets_are/)*** - Guess who was never audited before now? - Guess who else still hasn't been audited? - Guess where most of that found ETH was? - [New Bitcoin Betting Game Adds Thousands of Waitlisted Users](https://www.coindesk.com/bitcoin-betting-game-hxro) - You can bet on MOON (up) or REKT (down) with a new card where you can place bets starting every five minutes. - The company is called HXRO (Hero) and they plan on releasing new betting games down the road. - Beta started Jan 1st and over 115k people on the waiting list - Guess this is a simplified version of Augur? - Seems popular thus far. - COINBASE IS SCUM!!! - [So Coinbase acquired a team called Neutrino](https://www.coindesk.com/what-coinbase-needs-to-learn-from-the-neutrino-scandal). - They had a team that all worked on a project called [Hacking Team](https://en.wikipedia.org/wiki/Hacking_Team#Controversies), which was a startup that specifically aided some shady governments in some authoritarian practices. - They helped surveillance of citizens by selling its project to - Sudan, Bahrain, Venezuela, Morocco, Saudi Arabia, and Kazakhstan - The UN actually got involved and told them they were selling weapons to Sudan, and they were worried about them being used to target Darfur belligerents. Hacking Team said they never had dealings with Sudan. - After the UN Got involved the Italian government froze any exports that the team could make. - Someone hacked them and their Twitter and release a 400GB data dump, which Wikileaks even retweeted. Dealings with Sudan confirmed, and there was even an invoice to Lebanon. How did "Hacking Team" get hacked? Well their password was P4ssword, and they also used wolverine and universo. - Standard response - don't download that leak it has a virus and it's also all not true (paraphrasing Christian Pozzi, team member). His Twitter was immediately hacked. - As of 2016 they were still allowed to sell spyware...just not outside of the EU. They had 70 clients as of 2015. - They won an award in 2013 - One of 5 Corporate Enemies of the Internet! - Coinbase original statement -It was “aware that Neutrino’s co-founders previously worked at Hacking Team, which we reviewed as part of our security, technical and hiring diligence,” adding that “Coinbase does not condone nor will it defend the actions of Hacking Team,” but “it was important for Coinbase to bring this function in-house to fully control and protect our customers’ data and Neutrino’s technology was the best we encountered in the space to achieve this goal.” - [But they got their act together and fired them all, except the board.](https://www.coindesk.com/coinbase-pushes-out-ex-hacking-team-employees-following-uproar) - [They were also aware that whoever Neutrino was supposed to replace was selling user data.](https://messari.io/article/coinbase-executive-says-customer-data-was-resold-by-analytics-vendors) - The quote was plain as day ""We are aware of the backgrounds of some of the folks that were involved in Neutrino and we are looking into that,” said Christine Sandler, Coinbase’s head of sales." - [Coinbase clarified that she totally misspoke.](https://www.coindesk.com/coinbases-reputation-crisis-crypto-client-data) - They say they're totally not sharing *personally identifiable data* with 3rd party vendors. I wonder if there's a thin legal definition for that? - **[Thread on Worst Investment You Made](https://www.reddit.com/r/CryptoCurrency/comments/axxy5p/bag_holders_whats_been_your_worst_investment_what/)** - Bullish or Bullshit? - Thailand's SEC Approves Bitcoin, Bans Bitcoin Cash First of all the link was literally to a [BCH/USD Technical Analysis](https://www.fxstreet.com/cryptocurrencies/news/bitcoin-cash-technical-analysis-bch-usd-within-potentially-deadly-ascending-channel-201903011416) blog post One little bullet point that says 'News flow - Thailand SEC removed BCH, LTC, & ETC from ICO Fundraising....that's it lol Found the actual statement from Thai SEC [here](https://www.sec.or.th/en/Pages/News/Detail_News.aspx?tg=NEWS&lg=en&news_no=23&news_yy=2019) They just update the list regularly, last paragraph really hypes it down TLDR didnt affect anything and the rest are definitely not legal tender lol. BS ## Crypto Around the World - **[Argentina Blockchain Adoption](https://www.binance.com/en/blog/309988869718880256/Binance-Labs-BUIDLing-Argentinas-Crypto-Future](https://www.binance.com/en/blog/309988869718880256/Binance-Labs-BUIDLing-Argentinas-Crypto-Future))** - Argentina is committed to matching the investment up to $50k USD for every Argentine blockchain project that receives funding from Binance Labs. - Argentina already allows you to top up train cards with Bitcoin. - [Leaked Transactions Link Major Banks to $8.8 Billion Money Laundering Scheme](https://news.bitcoin.com/leaked-transactions-banks-billion-money-laundering/) - The Organized Crime and Corruption Reporting Project (OCCRP) non-profit - published a set of reports this week detailing a complex money laundering scheme “to channel billions of dollars out of Russia” - over 1.3 million leaked transactions from 238,000 companies, - OCCRP Executive Director Paul Radu elaborated > *Among the counterparties on these transactions were major Western banks such as Citigroup Inc., Raiffeisen, and Deutsche Bank. The dozens of companies in the system also generated $8.8 billion of internal transactions to obscure the origin of the cash.* - Citigroup did not respond to a request for comment, Raiffeisen declined to comment, and Deutsche Bank refused to comment for legal reasons, claiming to have limited access to information on the transactions in question. - Troika Laundromat. “The Laundromat wasn’t just a money laundering system. It was also a hidden investment vehicle, a slush fund, a tax evasion scheme, and much more - Goes deep son - [Death in Vienna](https://www.occrp.org/en/troikalaundromat/death-in-vienna) the story of Erich Rebasso - OCCRP gives out a Corrupt Actor of the Year award. Notable winners - 2013 - Entire Romanian Parliament - 2014 - Putin "Putin has been a finalist every year so you might consider this a lifetime achievement award" - 2016 - Nicolas Maduro - 2017 - Rodrigo Duterte - 2018 [Danske bank](https://www.occrp.org/en/poy/2018/) - "In the past 20 years, they’ve globalized organized crime and autocracy and helped everyone from Mexican drug cartels to Russian President Vladimir Putin to terrorists, autocrats, and almost every global threat," - Runnerups - Putin, Hungarian President viktor Orban, Mohammed bin salman, & Donald Trump - SHOTS FIRED! [Ripple CEO says JPM coin won't be used. LOL](https://www.coindesk.com/ripple-ceo-brad-garlinghouse-on-jpm-coin-other-banks-wont-use-it) [Kraken blasts Coinbase](https://twitter.com/jespow/status/1102346122138333184?s=21) - Rants Getting Hacked Samsung Wallet sucks - Mailbag - Patreon - Exit Please join the conversation in the Discord. We're in there all the time. Rate us on iTunes. Follow CryptoBasicBrent on Reddit. We are not Financial advisers.