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Feb 15, 2024
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you play it out, we're seeing increasing default rates in cre.will put pressure on smaller banks from a liquidity perspective who they serve, small businesses. finally you see the anxiety in the s&p real estate sector. this is the takeaway from this chart. let's actually just be able to highlight that for you at home. this is the commercial real estate sector. it is down 5.54%. compare that to every other sector, the index up as a whole. 4.8%. the implications canning huge here. charles: they can. kelly i want to come back to you in a minute. let's talk to don peoples here. how much the cre is a sword of damocles over the entire economy? this be a domino that wrecks the entire economy or sets us back? >> no, it is not going to wreck the economy overall. it isn't going to destroy the real estate industry either or the banks. i don't think the banks are in as bad as a condition as people think because they didn't allow the borrowers to overlever. most of these banks are doing 60%, 65% loans back then and so if these values have declined 40%, then t
you play it out, we're seeing increasing default rates in cre.will put pressure on smaller banks from a liquidity perspective who they serve, small businesses. finally you see the anxiety in the s&p real estate sector. this is the takeaway from this chart. let's actually just be able to highlight that for you at home. this is the commercial real estate sector. it is down 5.54%. compare that to every other sector, the index up as a whole. 4.8%. the implications canning huge here. charles:...
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Feb 2, 2024
02/24
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we know there is a recession happening within the cre market and the office market.t's just a question of, you know, the broader spillovers into the economy, which we think will be manageable. many of these banks, the properties are still paying. they don't have to work to market unless they have to roll over the debt. i guess overall, what we would say is from that perspective, certainly, we could see tighter financial conditions. we think it will be manageable. on the qt angle, the thing i would emphasize his two points. the first is i think the fed has been very clear, even if they start cutting interest rates, they could continue qt because they are normalizing balance sheets and the rate to a neutral level. the second thing is it's interesting people are talking and focused on tapering when you look at bank reserve levels, they have not tightened at all, lately, despite the fact that the fed is reducing its balance sheet because it has come out of the rp. i think there is more the fed can do here. maybe they do it more slowly. my expectation would be that they a
we know there is a recession happening within the cre market and the office market.t's just a question of, you know, the broader spillovers into the economy, which we think will be manageable. many of these banks, the properties are still paying. they don't have to work to market unless they have to roll over the debt. i guess overall, what we would say is from that perspective, certainly, we could see tighter financial conditions. we think it will be manageable. on the qt angle, the thing i...
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Feb 23, 2024
02/24
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the risks mostly around cre. i think the market is fairly aware of what is going on in cre.he spillover effect could be underestimated i think the regional banks in the u.s., which make up 80% of lending to commercial developers, could have a big npl issue. if you have interest rates not coming down any time soon because if you have the situation that commercial property developers need to refinance at 5.25%, you will see a spike in the default rate t. it is not just cre on the one side, you have the revenue aspect that has impeded with the vacancy rates in new york as high as 50% and at the same time coming closer to the point where they need to refinance the debt, that will squeeze the companies. you have other companies financed on zero interest rate policy financial metrics and now getting to a point where they need to refinance. if interest rates don't come down, those parts of the economy are likely going to contribute to the spike in the default rate which we expect. although we are constructive on equities overall, i have to say we don't necessarily think risk of rec
the risks mostly around cre. i think the market is fairly aware of what is going on in cre.he spillover effect could be underestimated i think the regional banks in the u.s., which make up 80% of lending to commercial developers, could have a big npl issue. if you have interest rates not coming down any time soon because if you have the situation that commercial property developers need to refinance at 5.25%, you will see a spike in the default rate t. it is not just cre on the one side, you...
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Feb 18, 2024
02/24
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carpet luster see card, they asked the banks of the big banks to capitalize 40 percent decline and cre prices knows all across assets and property sites has just not going to happen. in a meteor would have to lend washington dc for that happen is not happening. well yes the rego. >> take out some of the property they can do it with yes we don't go there. [laughter] but the small guys, they have larger exposure. they can blow hundred billion in assets, their exposure 25 - 30 percent of their asset base are much more exposed was we will see more of a failure more small bank failure. my baseline optimism, my view is that through not systemic it is not going to create a problem but you know we did see what happened in the last year or even it was noted systemically important bank and we was truly don't thank you so $200 billion making you saw depositors run for the doors going to money markets and equity investors sell stock and a vicious cycle and so, i think we can dismiss that because risk number two risk number three the election, they elections were to be close and anybody see my elec
carpet luster see card, they asked the banks of the big banks to capitalize 40 percent decline and cre prices knows all across assets and property sites has just not going to happen. in a meteor would have to lend washington dc for that happen is not happening. well yes the rego. >> take out some of the property they can do it with yes we don't go there. [laughter] but the small guys, they have larger exposure. they can blow hundred billion in assets, their exposure 25 - 30 percent of...
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Feb 8, 2024
02/24
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sonali: many investors believe that the cre problem will last year's and it is the most obvious withew york unity bank. it begs the question who else might feel similar issues if not as drastic over the next couple of years. herman: it will affect the entire industry and the regional banks space. we know that there are maturities coming this year, next year and the year after. from that standpoint the risk is front and center and the banks are contending in the regulators are seeing what the banks can deal with. it is a known risk that the banks have already adjusted for in building their reserves and working with borrowers to see what potential loss content is and how to restructure loans. from that standpoint it seems like we know what the threat is and what will materialize if rates remain elevated. sonali: sounds like a long year. we thank you for keeping an eye on the story. why greenlight capital things that markets are fundamentally broken. we will talk about that. steak with us, this is bloomberg. ♪ psst. hey, sarah. hi. if you had to choose, would you listen to elevator musi
sonali: many investors believe that the cre problem will last year's and it is the most obvious withew york unity bank. it begs the question who else might feel similar issues if not as drastic over the next couple of years. herman: it will affect the entire industry and the regional banks space. we know that there are maturities coming this year, next year and the year after. from that standpoint the risk is front and center and the banks are contending in the regulators are seeing what the...
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Feb 20, 2024
02/24
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amanda: it's idiosyncratic within cre classes.ssue is there are areas industrial, hotels and self storage that are doing well . there is more price reset to come and multi-family where supply is more well absorbed. we know that banks on the smaller end of the spectrum have more exposure in the key will be is this an earnings event? but this is a multiyear project to correct. lisa: there will be people who say we've heard about this for two years and nothing has come to pass. how do you place this in terms of your understanding of risk? is this a price 10 risk or an opportunity? amanda: outside of the situation in the headlines, we have seen loss take-up. a 20% default with the 50% recovery. you have seen reserves take up to 10% but overall cre's are in the low single digits. on the lending side, bank lending remains tight but it is using. it is not getting worse. it is tightening at a moderate pace but cre where the senior loan officer survey called out along with auto loans to remain tight over time. it is more challenging giving
amanda: it's idiosyncratic within cre classes.ssue is there are areas industrial, hotels and self storage that are doing well . there is more price reset to come and multi-family where supply is more well absorbed. we know that banks on the smaller end of the spectrum have more exposure in the key will be is this an earnings event? but this is a multiyear project to correct. lisa: there will be people who say we've heard about this for two years and nothing has come to pass. how do you place...
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Feb 18, 2024
02/24
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se cre que un importante Íder del grupo criminal fue capturado...viene la acidez estomacal antes de que comience. para todo el día... ...y prevenir la acidez estomacal durante toda la noche... ...con solo una pastilla al día. elige prevenir la acidez elige nexium ella le agrega downy unstopables a su carga. ahora olerá fresco todo el día. aún fresco. aún fresco. todavía fresco. frescura 6 veces más duradera y protección contra los olores con downy unstopables. yo recomiendo la crema de cuerpo lipikar de la roche posay. con solo 1 aplicación al día podrás mantener tu piel hidratada por 48 horas, y también ayudarás a reparar la barrera de tu piel. la roche-posay ♪ ♪ chocolate irresistiblemente cremoso. para poner tu mundo en pausa. lindor. hecho para derretirte. lindt, maestro chocolatero suizo. >> your atention, please. your atention, please. a continuaciÓn se les va a ...lo que viene siendo una indicaciÓn. nuestra chacha de abordo. >> ¡cÁllate! >> nuestra bellÍsima seÑorita sobrecargo, ¿sobrecargo, verdad? va a pasar a repartirles un refrigerio que
se cre que un importante Íder del grupo criminal fue capturado...viene la acidez estomacal antes de que comience. para todo el día... ...y prevenir la acidez estomacal durante toda la noche... ...con solo una pastilla al día. elige prevenir la acidez elige nexium ella le agrega downy unstopables a su carga. ahora olerá fresco todo el día. aún fresco. aún fresco. todavía fresco. frescura 6 veces más duradera y protección contra los olores con downy unstopables. yo recomiendo la crema...
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Feb 15, 2024
02/24
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i worry about cre, the regionalen banks, and some of the exposure there. i worry about this concentration, and now, the competitive nature in private credit. we're not done here yet. when i look at today, i see jpmorgan breaking out to new highs, the money center banks that we know have issues with their held to security portfolios, as rates move higher -- i don't get why you'd be buying here. >> dan -- maybe it's the markets saying, hey, rates may not go higher. when you look at the groups, particularly within small caps that are leading here, bio tech, software, those are groups that don't do well when rates go up, but they're leading right now. even look at the home builders -- >> is that the base case scenario, that rates are not going to go higher, it's just if they stay the same or go lower? >> i think the fabric of the leadership is telling us rates flat to down is the most likely path from here. that's why you are getting this oversold response. tim, you made a great point. look at today's price action. there was no advantage to getting defensive o
i worry about cre, the regionalen banks, and some of the exposure there. i worry about this concentration, and now, the competitive nature in private credit. we're not done here yet. when i look at today, i see jpmorgan breaking out to new highs, the money center banks that we know have issues with their held to security portfolios, as rates move higher -- i don't get why you'd be buying here. >> dan -- maybe it's the markets saying, hey, rates may not go higher. when you look at the...
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Feb 9, 2024
02/24
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leslie: cre is a big one.f the curve stays inverted higher for longer, that could be a problem in terms of some of these loans coming due, the amend and extend. i think issues with commercial real estate. we came into the year, the market came into the year from november expecting the fed will go from pause to pivot and it priced that in. there was a lot of tailwinds to risk and performance assets. the issue and the headwind would be if the curve stays inverted, it stays higher for longer. when some of these loans start to come due, it can create problems. simply from the higher cost of capital. sonali: a lot of questions about that inversion. we have to leave it there, thank you for your time. up next, talking about the auction block. fresh off its ipo, amer sports joining the parade. this is "bloomberg real yield." ♪ when you automate sales tax with avalara, you don't have to worry about things like changing tax rates or filing returns. avalarahhh ahhh sonali: i'm sonali basak. this is "bloomberg real yield.
leslie: cre is a big one.f the curve stays inverted higher for longer, that could be a problem in terms of some of these loans coming due, the amend and extend. i think issues with commercial real estate. we came into the year, the market came into the year from november expecting the fed will go from pause to pivot and it priced that in. there was a lot of tailwinds to risk and performance assets. the issue and the headwind would be if the curve stays inverted, it stays higher for longer. when...
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Feb 11, 2024
02/24
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lado de las vias del tren a que su esposo e hija sean liberados de en ac acayucan, tristes, ellos no creba sucio y en malas condiciones. >> donde est uber yo aqui fue en una en la que esta en acayuca, pero ahi esta como encerrado cerrado 1. >> las condiciones de las e estaciones migratorias en mexico son insalubres, inadecuadas y peligrosas para los migrantes. >> esa fue la conclusion de un informe de la comision nacional de derechos humanos de mexico. >> en el documento de mas de 200 paginas se informa que de las 43 estaciones que hay en el pais, ninguna estacion migratoria se considera adecuada. >> 13 de ellas son insu insuficientes, 21 son in inadecuadas y el resto se e encuentra en situaciones de una situacion que se vivio en marzo del ano pasado cuando migrantes reportaron que habia haci hacinamiento y malos tratos en la estacion migratoria de ciudad juarez y que desemboco en un incendio que le costo la vida a 40 migrantes. >> en los ultimos meses, los migrantes que pasan por mexico han superado los 500 mil, segun cifras de la organizacion in internacional para las mig migraciones.
lado de las vias del tren a que su esposo e hija sean liberados de en ac acayucan, tristes, ellos no creba sucio y en malas condiciones. >> donde est uber yo aqui fue en una en la que esta en acayuca, pero ahi esta como encerrado cerrado 1. >> las condiciones de las e estaciones migratorias en mexico son insalubres, inadecuadas y peligrosas para los migrantes. >> esa fue la conclusion de un informe de la comision nacional de derechos humanos de mexico. >> en el documento...
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Feb 27, 2024
02/24
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a caller reported seeing the weapons in the mudflats at low may have been discarded after a violent cre, the department lled in its crime scene investigation unit. they are now examining those weapons. california retrieved a little more than just $2,000 from selling property seized from cannabis businesses. these items, ranging from cash drawers to glass bongs, were sold at public auction in los angeles earlier this month. now, state officials say they were seized from ten cannabis businesses that owed more than $14 million in unpaid taxes. california has conducted more than 2000 inspections of cannabis operations and seized $90 million in product and cash over the past few years, all lanes of interstate 280, in san francisco are now open after a crash forced traffic to come to a standstill around three this afternoon, the chp says. >> a person driving north in the southbound lanes caused a crash near geneva avenue on the on ramp. three vehicles were involved in at least three people had to be taken to the hospital. officers shut down four lanes of traffic while they cleaned up the wrec
a caller reported seeing the weapons in the mudflats at low may have been discarded after a violent cre, the department lled in its crime scene investigation unit. they are now examining those weapons. california retrieved a little more than just $2,000 from selling property seized from cannabis businesses. these items, ranging from cash drawers to glass bongs, were sold at public auction in los angeles earlier this month. now, state officials say they were seized from ten cannabis businesses...
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found that has been in broad legal controversies before he is assigned just took refuge inside the cre dory on embassy in london back in 2012 to avoid expedition this we didn't over sexual assault allegations that were later dropped off the he's a solemn status, was revoked by equal identity in 2019. he was arrested by british authorities and faced with an expedition request from the united states. assign has been locked up in belmont prison wiley's legal team bottles the case to hand him over to the united states. art is married and sorry, i have a death into the story of the whistle blower and free speech advocate, who has been vilified by american officials for repeating that dirty secrets. the julian, the songs answered the spotlights where the bang releasing a series of explosive and incriminating leaks about various state actors, including the u. s. military. well, many call him a truth seeker, for those he exposed, he is of course, an enemy of the states. so what did he reveal? well, it all started in 2006 went to then all known australia and computer programmer and activist, se
found that has been in broad legal controversies before he is assigned just took refuge inside the cre dory on embassy in london back in 2012 to avoid expedition this we didn't over sexual assault allegations that were later dropped off the he's a solemn status, was revoked by equal identity in 2019. he was arrested by british authorities and faced with an expedition request from the united states. assign has been locked up in belmont prison wiley's legal team bottles the case to hand him over...
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Feb 1, 2024
02/24
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what actions will other banks take in cre, commercial real estate portfolios? will be likely to be selling them. some have already done that. private equity will be right there as it always is. sonali: if you see new york community bank selling off the way it is, the lowest it has been in several years in terms of stock market trading, how much trouble is there for a bank like this and other regionals exposed to the sector? sally: there are different tiers of regional banks. we saw a more stable names pretty well reserved against whatever losses they expect. regional banks by their very nature are more connected to local property markets with better relationships. are they absolutely have more regional banking exposure. smaller banks have about 28% of assets in commercial real estate compared to 6.5 percent for bigger lenders. it will definitely be a factor and for smaller banks that probably overexpose themselves in this regard it will be more of a problem. a lot of those banks are below the radar in many regards. sonali: think about the moody's warning that t
what actions will other banks take in cre, commercial real estate portfolios? will be likely to be selling them. some have already done that. private equity will be right there as it always is. sonali: if you see new york community bank selling off the way it is, the lowest it has been in several years in terms of stock market trading, how much trouble is there for a bank like this and other regionals exposed to the sector? sally: there are different tiers of regional banks. we saw a more...
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Feb 12, 2024
02/24
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now factor in the gfc when the fed was cutting rates to stimulate the economy and cre transaction activityoday. back then, lenders had incentive to work with botrrowers who wanted to keep the property. now extending loan s into the lower rate environment is not the case today. we know looking at sectors are in the biggest trouble. one sector that could see distress in the future is hotels. a lot of lodging loans are maturing this year and next. over $30 billion worth. more than one-third of those carry interest rates under 5%. while hotel did have a banner 2023, there is concern now the consumer is starting to struggle and businesses are starting to cut expenses. if leisure and business travel drop this year, that will hit the property owners hardrefinan higher interest rate environment. >> if this hits hotels, are there other sectors you are watching for distress? >> we are watching all of them. apartments are starting to cool off. they were very hot. we have a lot of supply coming on the market in apartments and you are seeing rents cool. another one that i'm hearing talk about is indust
now factor in the gfc when the fed was cutting rates to stimulate the economy and cre transaction activityoday. back then, lenders had incentive to work with botrrowers who wanted to keep the property. now extending loan s into the lower rate environment is not the case today. we know looking at sectors are in the biggest trouble. one sector that could see distress in the future is hotels. a lot of lodging loans are maturing this year and next. over $30 billion worth. more than one-third of...
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Feb 29, 2024
02/24
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people do not have a good handle on cre exposure and asset impairments.rk through. lisa: are we seeing -- jonathan: are we seeing much fragmentation dispersal based on cre? winnie:. based on cre but big bank versus the bank. jonathan: regional still struggling? winnie: not struggling but not tightening to the level they were before. they used to trade inside all of the g cvis. people would be buying the suntrust in the truest. jonathan: regional banks used to trade inside large banks. massive change in the last 12 months. winnie: yes. lisa: they used to be the ones who sold less debt than the big guys. now the big guys can do no wrong. jonathan: you always see the monsters come out and do massive bond issuance. lisa: we still see that but people are willing to suck it up because there's nothing else that is been sold. jonathan: winnie, this was great. winnie cisar. interesting to see how tight credit spreads are. lisa: this is commensurate with his idea of a hawkish fed. this is a fed that sees a stronger-than-expected economy then you have investment-gra
people do not have a good handle on cre exposure and asset impairments.rk through. lisa: are we seeing -- jonathan: are we seeing much fragmentation dispersal based on cre? winnie:. based on cre but big bank versus the bank. jonathan: regional still struggling? winnie: not struggling but not tightening to the level they were before. they used to trade inside all of the g cvis. people would be buying the suntrust in the truest. jonathan: regional banks used to trade inside large banks. massive...
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Feb 7, 2024
02/24
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>> so far we have seen this situation drag down in other regional banks, especially those who whose crere we feel there are a be up. of different dominos to fall it seems like they're tackling the one situation. selling off the sector but not necessarily wiping everything away with along what's going on along with nycb. >> a lot to watch. leslie picker, great reporting as always. >>> coming up on "worldwide exchange," the one word every investor needs to know, plus a slice of tech. our next guest says it could be a good safety play against a potential sector selloff much more "worldwide exchange" coming up after this oh no, a rash. maybe it'll go away. awww, how am i going to find a doctor i'll actually like? is that a qr code? dr. stafford makes you feel at ease. thanks rash! you've got more options than you know. book now. >>> welcome back to "worldwide exchange." time for your w.e.x. wrap-up snap plunging more than 30%. the company says the war in the middle east is creating a headwind for growth. >>> chip poetsly crushing estimates, growing by 15% thanks to the return. it's bucking
>> so far we have seen this situation drag down in other regional banks, especially those who whose crere we feel there are a be up. of different dominos to fall it seems like they're tackling the one situation. selling off the sector but not necessarily wiping everything away with along what's going on along with nycb. >> a lot to watch. leslie picker, great reporting as always. >>> coming up on "worldwide exchange," the one word every investor needs to know,...
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Feb 1, 2024
02/24
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quickly, are we going to see other banks pop up with the cre issues?erman: the issue will be an elongated cycle. we could see losses in 2024. it could happen over the next few years as the loans matured. the other good thing is that banks are prepared because they know that the cycle is coming so they have built up a lot of reserves. the citizen ceo mentioned that things are in the back of you and they have built their reserves. 10% of their office exposure. it is a known threat that is coming. from that standpoint, nothing should surprise the industry on that front. katie: we will see if that logic holds and if we could more surprises. it is great to see you. thank you. still ahead, we will look at the companies making the most social buzz. the social climbers is up next. this is bloomberg. ♪ get help reaching your goals with j.p. morgan wealth plan, a digital money coach in the chase mobile® app. use it to set and track your goals, big and small... and see how changes you make today... could help put them within reach. from your first big move to ret
quickly, are we going to see other banks pop up with the cre issues?erman: the issue will be an elongated cycle. we could see losses in 2024. it could happen over the next few years as the loans matured. the other good thing is that banks are prepared because they know that the cycle is coming so they have built up a lot of reserves. the citizen ceo mentioned that things are in the back of you and they have built their reserves. 10% of their office exposure. it is a known threat that is coming....
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Feb 7, 2024
02/24
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the lack of initial disclosure surrounding those departures coupled with concerns about the bank's cre exposure still has investors on edge, guys. >> very interesting, leslie. and of course, march marks the one year mark since we had that financial crash with some of those regionals. while we have you, can i ask about the reported new fund for retail investors? what we know about it? >> they have a publicly traded fund but that is listed abroad, in the uk, so this would be a specific fund marketed for u.s. investors and following u.s. rules. we can expect more of the same in terms of equity holdings. it's usually pretty concentrated book, although i believe it cannot be as concentrated as it can be, say, in the uk, where their current public vehicle is located. we don't know how much they are targeting a listing here, but of course, they are known for creative listings. you know, they did the largest back ever which didn't consummate a merger. then they did a spark, a reverse way of doing this. now the new u.s. listing is the latest integration of their utilization of the public market
the lack of initial disclosure surrounding those departures coupled with concerns about the bank's cre exposure still has investors on edge, guys. >> very interesting, leslie. and of course, march marks the one year mark since we had that financial crash with some of those regionals. while we have you, can i ask about the reported new fund for retail investors? what we know about it? >> they have a publicly traded fund but that is listed abroad, in the uk, so this would be a...
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Feb 21, 2024
02/24
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but cre is very interesting. they have a balance sheet with over $300 billion in capital able to spend. they have a big part of their business which is ervice based. so hiring and cash flow. the part the market cares about right now the transaction- based. leasing and sales. even if they don't stabilize, you will see actions pick up. i think cbre is interesting because there is the opportunity ahead of them and they will win no matter what. >> let's give you one last thought on lab corp. >> lab corp. again looking to play offense when you have basically a defensive business model. very low cost to get lab tests. very clinical. it will be in demand as long as i can be an investor. the opportunity today though is that they are consolidating their industry. look for them to use their balance sheet to acquire other labs, rolled them in with very attractive multiples, and boost the margins over time. the margin will cap those in. >> interesting pieces there on lab corp. brian, thank you very much. >>> we appreciate it
but cre is very interesting. they have a balance sheet with over $300 billion in capital able to spend. they have a big part of their business which is ervice based. so hiring and cash flow. the part the market cares about right now the transaction- based. leasing and sales. even if they don't stabilize, you will see actions pick up. i think cbre is interesting because there is the opportunity ahead of them and they will win no matter what. >> let's give you one last thought on lab corp....
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Feb 7, 2024
02/24
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the beginning of something broader when it comes to what we are seeing with the regional banks and cresarah: we have panic over this issue that was going on with silicon valley bank. that was more about the assets they were holding on their balance sheets. now we are dealing with the fact that you have an asset class that is overvalued relative to where the current market is, both for rents and occupancies. how big does that become? people have argued about the size of the office commercial -- commercial real estate market. education will not be the problem but the problem will be acute in specific places. that is going to be difficult for lenders. the biggest issue this time is profitability as opposed to banks going under. depends on how big the stop -- cats have to be. katie: sounds like that is a story we will be following for months. but you talk about a you pain, isolated issues. when you think about the broader market, do you see any risk of spillover beyond regional bank stocks? sarah: there is always risk of spillover. in september and october of last year when the market was
the beginning of something broader when it comes to what we are seeing with the regional banks and cresarah: we have panic over this issue that was going on with silicon valley bank. that was more about the assets they were holding on their balance sheets. now we are dealing with the fact that you have an asset class that is overvalued relative to where the current market is, both for rents and occupancies. how big does that become? people have argued about the size of the office commercial --...
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Feb 20, 2024
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setting aside a lot more for loan losses and kind of fits in a different dynamic with regard to the creguish those, how would you characterize what's going on in the regional space right now? >> you just did a nice job of laying that out. i think there are three banking industries within the banking industry. there are the big global siffys, universal banks, trillion dollar asset sizes. you have the mid sized banks. then you have 97% of banks in america below $10 billion. they all do different things and look a little bit different. the smaller banks have more commercial real estate and they tend to be less reserved at the moment, so we think they are probably at the greatest risk for an earnings surprise if a commercial real estate problem shows up. they're less likely to lend in the big cities. however, there are going to be headwinds to earnings from those companies, and that's why we've been tilting for stock selection towards the higher companies. that's why we've been tilting for stock selection towards the higher banks, the larger banks. >> interesting. and i think -- >> yeah. >>
setting aside a lot more for loan losses and kind of fits in a different dynamic with regard to the creguish those, how would you characterize what's going on in the regional space right now? >> you just did a nice job of laying that out. i think there are three banking industries within the banking industry. there are the big global siffys, universal banks, trillion dollar asset sizes. you have the mid sized banks. then you have 97% of banks in america below $10 billion. they all do...
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Feb 2, 2024
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of nycb issues are somewhat idiosyncratic there is as you mentioned, david, the overall concern that cres glig head given what we saw transpire last march. >> leslie thanks. >>> still to come today, payrolls see the biggest gains since january of last year we'll check in with goldman's chief economist jan hatzius to talk about what it may mean for rates an the fed when we're back in a minute. awkward question. is there going to be anything... leftover? oh, absolutely. [inner monologue] my kids don't know what they want. you know who knows what she wants? me! with empower, we get all of our financial questions answered. so you don't have to worry. empower what's next. (ella) fashion moves fast. setting trends is our business. we need to scale with customer demand... in real time. (jen) so we partner with verizon. their solution for us? a private 5g network. (ella) we now get more control of production, efficiencies, and greater agility. (marquis) with a custom private 5g network. our customers get what they want, when they want it. (jen) now we're even smarter and ready for what's next. (
of nycb issues are somewhat idiosyncratic there is as you mentioned, david, the overall concern that cres glig head given what we saw transpire last march. >> leslie thanks. >>> still to come today, payrolls see the biggest gains since january of last year we'll check in with goldman's chief economist jan hatzius to talk about what it may mean for rates an the fed when we're back in a minute. awkward question. is there going to be anything... leftover? oh, absolutely. [inner...
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. >> i'm of the opinion that neither one of these men were selling see cre crest to the ruh --y --secretso the russians oe chinese. you see the scales of justice weighed differently for president trump versus president biden. if the prosecutor wants to make the argument that no jury would convict a sl sleepy old nice gu, joe biden, i think that's a bibigger problem. the pros you c prosecutor made t during a high pressure moment for the president and for him to report that this is not someone that was cog at this nighly entirely -- cognitively entirely there, this will open the flood gates. i think this open the flood gates and starts maybe at least if not the flood gates cracking the dam a little bit on people starting to say joe biden shouldn't be the nominee. cheryl: to be clear, president trump is currently litigating this and being charged balls of becauseof his handling of classd documents, lawyers, courts, it's a serious indictment on a federal level. paul mcgala, he said this report says biden is cleared legally but is being kneecapped politically and he points out the age of presi
. >> i'm of the opinion that neither one of these men were selling see cre crest to the ruh --y --secretso the russians oe chinese. you see the scales of justice weighed differently for president trump versus president biden. if the prosecutor wants to make the argument that no jury would convict a sl sleepy old nice gu, joe biden, i think that's a bibigger problem. the pros you c prosecutor made t during a high pressure moment for the president and for him to report that this is not...
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Feb 12, 2024
02/24
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mizuho said cre default rates are a lagging end kaindicator.t's quite a huge lag, i mean, if you're thinking about investing now, to see a peak in a year or two years. >> some might say it's a long and variable lag. but again, because we haven't seen -- just look at the home builders right now. they're raging. did you see them today and where the ten-year is at 4.17? the highest it's been in awhile. again, this is a really tricky -- both areas, the dynamics are obviously really different, and i actually don't think the commercial real estate thing gets any better. >> i think there was a bounce there when rates went down, but i think -- this -- the pandemic is way worse than '07. beyond, i mean -- >> right? >> structurally, yeah. >> way worse. >> there's a glut of supply, and that's the difference between residential or the home builders narrative and this. i mean, there is -- to me, there's no end in sight. unless we're going back -- return to work is getting restored to 100% of what it once was -- if there's even a modicum of hybrid work, you
mizuho said cre default rates are a lagging end kaindicator.t's quite a huge lag, i mean, if you're thinking about investing now, to see a peak in a year or two years. >> some might say it's a long and variable lag. but again, because we haven't seen -- just look at the home builders right now. they're raging. did you see them today and where the ten-year is at 4.17? the highest it's been in awhile. again, this is a really tricky -- both areas, the dynamics are obviously really different,...
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Feb 8, 2024
02/24
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you will have the cre, this region, this property, his company, it's much more idiosyncratic than systemicd it interesting that we keep bumping right up -- yesterday 4999.89 and now we are 4999 point whatever and we are trying to bump against this hurdle that, look, the last two years have been dicey. we have not gone anywhere for a couple of years on the s&p 500 and here we find ourselves heading to this -- historical level. >> people are talking to us about charts and said, it's winter break out. we are going to get to 5000. you to 5000 and animal spirits are back it's an important level for a lot of investors but for us valuations are still high and it's really focused on positioning style, sectors, and that's where you want to make. >> wells fargo head of equity strategy. will take another break. market behave if you will last time. see what happens in the break this time but again, if we do it as a level, i promise you, we will come back. of next we have top technician speaking of the charts that chris harvey was speaking of, jason hunter is back and what he is saying what might be ne
you will have the cre, this region, this property, his company, it's much more idiosyncratic than systemicd it interesting that we keep bumping right up -- yesterday 4999.89 and now we are 4999 point whatever and we are trying to bump against this hurdle that, look, the last two years have been dicey. we have not gone anywhere for a couple of years on the s&p 500 and here we find ourselves heading to this -- historical level. >> people are talking to us about charts and said, it's...
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Feb 23, 2024
02/24
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be mlinked to that there's this erosion underneath from companies that have to refinance, from the creblem, from consumers having high interest rates that's a problem, and the fed is going to have to respond, because, in fact, rates are restriketive and they're going to get more restrictive as inflation falls on a real basis. >> we promised the people, michael, some opportunities beyond the mag seven so let's give it to them you like demcom and several others none of those are huge so why do you like them? >> dexcom has sold off in the last year or so. they're in the glucose monitoring business. everyone has seen the rallies, and this is going to grow 20% a year really diabetes i type scenario. great management, double digit growth, and for us, i think it sold off becauseof the rationa fears that the gop was going to solve everyone zoetis is a name we like vet visits were down, but they've been double digit growth during that period of line it gets stronger as pets become more and more important. msci is the morgan stanley capital research data team huge margins in that business, not a
be mlinked to that there's this erosion underneath from companies that have to refinance, from the creblem, from consumers having high interest rates that's a problem, and the fed is going to have to respond, because, in fact, rates are restriketive and they're going to get more restrictive as inflation falls on a real basis. >> we promised the people, michael, some opportunities beyond the mag seven so let's give it to them you like demcom and several others none of those are huge so why...
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Feb 12, 2024
02/24
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coming on the hills of newark bank and the cre issue, they are in the office of retail and they do havehere is some green sheets happening in new york city. the debt is slightly over exaggerated in new york city, but i don't see funds from operations bottoming out. i see them continuing to decline on revenues and net operating income. i think they will started to get occupancy back up above and to present. for me, it is too early. there are still a few more to drop. again, i don't think the sector will completely die and i don't see them getting the flow from operations growth that we like to see. they have uncertainty on their dividend, which is something i don't like to see. >> a couple of big holdings in san francisco, like california and well-known office building. we know what's happening in san francisco. let's talk trash and waste management on a steady climb. they are coming off another, by the way. waste volumes are a key metric, but are also watching input costs, fuel and labor. new ways to capitalize on recycling and stock has been hot. are you a buyer of wm? >> i am. they ha
coming on the hills of newark bank and the cre issue, they are in the office of retail and they do havehere is some green sheets happening in new york city. the debt is slightly over exaggerated in new york city, but i don't see funds from operations bottoming out. i see them continuing to decline on revenues and net operating income. i think they will started to get occupancy back up above and to present. for me, it is too early. there are still a few more to drop. again, i don't think the...
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yes, listen, this is just a noble estate, what a beauty, i forgot what it’s called, now i remember, cresthank you it’s so good look at the painting also wow the lamps are also beautiful yes just like that look how beautiful you can sit look at the blooming i don’t know what it’s a sakura apple tree bukhonya on the chandelier, pay attention to the chandelier, i’ll take a look right away. so cozy, look how good the kitchen looks from this side, just such a single ensemble, and our favorite batteries from the city of kimry, we know, and the doors in 10 days, any whim, we we’ve been looking for a long time, we’ve already learned everything , well, listen, can i also do something on this side, i didn’t look, it’s a large surface, we had a very narrow one, now there’s a lot of space here, you can do something there, cut here too it’s possible, that is, you can now... cook together and not swear, do you like this idea of cooking together, let’s teach, it seems to me that the designer felt he got it right, and this is the most important thing, we were very afraid that it wouldn’t fit into some
yes, listen, this is just a noble estate, what a beauty, i forgot what it’s called, now i remember, cresthank you it’s so good look at the painting also wow the lamps are also beautiful yes just like that look how beautiful you can sit look at the blooming i don’t know what it’s a sakura apple tree bukhonya on the chandelier, pay attention to the chandelier, i’ll take a look right away. so cozy, look how good the kitchen looks from this side, just such a single ensemble, and our...
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Feb 13, 2024
02/24
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. >> hiking rates would make the cre problem play out.lso break the back of the consumer, potentially. so, you see that as sort of what needs to be done? >> is it? possible. i think they're kind of hoping. they injectedly kwidty, if i put my old trader hat back on, they injectedly kwidty into the year-end of last year, we're starting to see that tail end sort of run off. equity markets make all new highs. the fed is probably looking at this and going, we went from a hard landing to a soft landing to maybe a no landing. and that's what the market is picking up on the data today. i don't think they're ready to hike rates. i do think we'll see more cuts, sometime in h-2, but we're going to see one of these three, or maybe it's a combination, play out in q-2, where they'll say, okay, something's happened. if i put my money on it, i think all three deteriorate, and the thing i know least about is the a.i. bubble and i think that's the risk. >> thank you. good to see you. stuart sopp. >> third kelce brother. good-looking man, stu. it's great to
. >> hiking rates would make the cre problem play out.lso break the back of the consumer, potentially. so, you see that as sort of what needs to be done? >> is it? possible. i think they're kind of hoping. they injectedly kwidty, if i put my old trader hat back on, they injectedly kwidty into the year-end of last year, we're starting to see that tail end sort of run off. equity markets make all new highs. the fed is probably looking at this and going, we went from a hard landing to...
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Feb 29, 2024
02/24
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here, but it gets back to, haven't we thought that regional banks were in a lot of trouble based upon cre and dynamics that i think -- we all know are coming. so, i think this is fascinating. >> the stock is down 17% plus. we'll keep you posted as the developments come in. >>> coming in, apple shares clinging onto a level. the chart master will talk about that. >>> but first, china in the global auto market don't go anywhere. more "fast money" in two trading at schwab is now powered by ameritrade, giving traders even more ways to sharpen their skills with tailored education. get an expanding library filled with new online videos, webcasts, articles, courses, and more - all crafted just for traders. and with guided learning paths stacked with content curated to fit your unique goals, you can spend less time searching and more time learning. trade brilliantly with schwab. welcome to ameriprise. i'm sam morrison. my brother max recommended you. so, my best friend sophie says you've been a huge help. at ameriprise financial, more than 9 out of 10 of our clients are likely to recommend us. our
here, but it gets back to, haven't we thought that regional banks were in a lot of trouble based upon cre and dynamics that i think -- we all know are coming. so, i think this is fascinating. >> the stock is down 17% plus. we'll keep you posted as the developments come in. >>> coming in, apple shares clinging onto a level. the chart master will talk about that. >>> but first, china in the global auto market don't go anywhere. more "fast money" in two trading at...
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Feb 13, 2024
02/24
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after new york community bank hit the skid we've been more afraid of cre.erts next. ♪ (vo) what does it mean to be rich? maybe rich is less about reaching a magic number... and more about discovering magic. rich is being able to keep your loved ones close. and also send them away. rich is living life your way. and having someone who can help you get there. the key to being rich is knowing what counts. i work hard, and i want my money to work hard too. so, i use my freedom unlimited card. earning on my favorite soup. aaaaaah. got it. earn big with chase freedom unlimited. how do you cashback? chase. make more of what's yours. charles: all right, folks, joining me now, double line portfolio manager morris chen. morks i've got to start with, you know, the regional banks because there was already a lot of anxiety out there. now with the cpi number possibly pushing rate cuts further out, right now kbw regional bank index down 5% today. obviously, tremendous amount of exposure out there. how worried should people be here. >> i think as we're kind of thinking abou
after new york community bank hit the skid we've been more afraid of cre.erts next. ♪ (vo) what does it mean to be rich? maybe rich is less about reaching a magic number... and more about discovering magic. rich is being able to keep your loved ones close. and also send them away. rich is living life your way. and having someone who can help you get there. the key to being rich is knowing what counts. i work hard, and i want my money to work hard too. so, i use my freedom unlimited card....
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Feb 14, 2024
02/24
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carpet luster see card, they asked the banks of the big banks to capitalize 40 percent decline and cres knows all across assets and property sites has just not going to happen. in a meteor would have to lend washington dc for that happen is not happening. well yes the rego. >> take out some of the property they can do it with yes we don't go there. [laughter] but the small guys, they have larger exposure. they can blow hundred billion in assets, their exposure 25 - 30 percent of their asset base are much more exposed was we will see more of a failure more small bank failure. my baseline optimism, my view is that through not systemic it is not going to create a problem but you know we did see what happened in the last year or even it was noted systemically important bank and we was truly don't thank you so $200 billion making you saw depositors run for the doors going to money markets and equity investors sell stock and a vicious cycle and so, i think we can dismiss that because risk number two risk number three the election, they elections were to be close and anybody see my election m
carpet luster see card, they asked the banks of the big banks to capitalize 40 percent decline and cres knows all across assets and property sites has just not going to happen. in a meteor would have to lend washington dc for that happen is not happening. well yes the rego. >> take out some of the property they can do it with yes we don't go there. [laughter] but the small guys, they have larger exposure. they can blow hundred billion in assets, their exposure 25 - 30 percent of their...
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Feb 10, 2024
02/24
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judge chis:f you are resting on there must be impeachment a conviction and for one set of cres then later on the president either is removed from office or resigns, and later on there is a prosecution for sothg different, is there immunity for that later crime? mr. sauer: yes, that's the better reason. it's not presented in th case. because we have a closeat. thereas an acquittal. the strongest case for double jeopardy and the facts alleged in the indictment. judge childs: you just made a statement about he's only being prosecuted for crimes while in fi. that's why i'm asking abt leaving office and then there after being prosecuted for something different. mr. sauer: t pnt is the constitution. best reading would be heas to be impeached and convicted for the thing he subsequently 3r-r9ed. he's impaoefptd and convicted and charge him with another official act, that's whathi justice says in marbu wld govern. it's not presented here. but that would be my awe judge pan: your position i if president trump had beeno convicted afr his impeachment trial on inciting an insurrection, he was convicte
judge chis:f you are resting on there must be impeachment a conviction and for one set of cres then later on the president either is removed from office or resigns, and later on there is a prosecution for sothg different, is there immunity for that later crime? mr. sauer: yes, that's the better reason. it's not presented in th case. because we have a closeat. thereas an acquittal. the strongest case for double jeopardy and the facts alleged in the indictment. judge childs: you just made a...
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Feb 2, 2024
02/24
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i think you've lost cre all credibility on topic. you're not a man. you're a mouse and a ball. mouthis one at that. now, apparently the school's had other vandalism, includinghs broken stall doors torn down, soap dispenserchoondaliss and ts stuffed in toilets, and now in egregiously harm to men'ss an dispenser. well, what the do you expect? put a tampon dispenser in a teenage boys bathroom and you think it's going to it throughng the end of the school year? you should be grateful it lastedear. day. lasted >> but, mr. principal, maybe you shouldn't blame those for acting up. perhaps it was just their time of the month . the month but how would you feel if there were a tampon machine in your son's school restroom and he tore down? he tor >> i would be so disappointed that he didn't call me. do it together, son. yeah.son. >> at the bonding? yeah, i just. . oh. this is the world we live inthi. i mean, obviously, the firstipal thing you want to say to the principal is. >> shut up, gavin. the laws, it goes. let's say this is a need. b i would think it would be a case by case situatio
i think you've lost cre all credibility on topic. you're not a man. you're a mouse and a ball. mouthis one at that. now, apparently the school's had other vandalism, includinghs broken stall doors torn down, soap dispenserchoondaliss and ts stuffed in toilets, and now in egregiously harm to men'ss an dispenser. well, what the do you expect? put a tampon dispenser in a teenage boys bathroom and you think it's going to it throughng the end of the school year? you should be grateful it lastedear....
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Feb 14, 2024
02/24
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reporting from our crew, queen rania, who is meeting with jill now and t on the queen and the crown cre is theoming wher prince? i thought he was coming out anyway. imagine. i see. over to you, mr. prince. i'm sorry, mr. president.re >> all right. the president'sidents confusedd about where to stand and who he's talking to. his base is breakingo is off in factions, which, as machiavelli knows, is fatal to politicalonsc power. >> rfk jr. told prime time last night jill biden should convince her husband to step down. the media is strategizing about inserting newsom at the convention, and young voters are no t only vulnerable to trump's appeal, they're straight up enthusiastic t about it. we're watching how a prince loses political power. >> senator linsey graham joins me now. senator graham joins me , you st of time with joe biden. you guys traveled around the worle wod together maybe n ten years ago or so. >> have you noticedrence? a difference? oh, absolutely. so it's not what i think. you know, i'm a politician. here's what i think a rule should be. >> if there's credible evidence that
reporting from our crew, queen rania, who is meeting with jill now and t on the queen and the crown cre is theoming wher prince? i thought he was coming out anyway. imagine. i see. over to you, mr. prince. i'm sorry, mr. president.re >> all right. the president'sidents confusedd about where to stand and who he's talking to. his base is breakingo is off in factions, which, as machiavelli knows, is fatal to politicalonsc power. >> rfk jr. told prime time last night jill biden should...
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Feb 27, 2024
02/24
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bail, that guy anyway bragg , he requested a ge order on the former president's criminal casr ident creet to n later this month. meanwhile, the left is coming afte r trump made comments thismp. weekend at a speech at a gallatin friday where he said his indictments may have boosted his appeal to african american voters. >> here's what he said. take a listen. i got indicted second time and a third time and a fourth time. and a lot of people said thatto that's why the black people like me, because they have been hurt so badly and discriminate d. and they actually viewed me as i'm being discriminated againsint. it's been pretty amazing. i think that's why the black people are so much on my side s now because they see what's happening to mo e, happense to them. >> does that make sense that for years democrats have talked about how african-american hannity: fos gr sentences. here's a quick trip down memory lanes de. >> take a listen. study after study after study shows that for the exactse same crime i wasnt. n-amer african-americans are more likely than whites to be arrestedic, to be prosecu
bail, that guy anyway bragg , he requested a ge order on the former president's criminal casr ident creet to n later this month. meanwhile, the left is coming afte r trump made comments thismp. weekend at a speech at a gallatin friday where he said his indictments may have boosted his appeal to african american voters. >> here's what he said. take a listen. i got indicted second time and a third time and a fourth time. and a lot of people said thatto that's why the black people like me,...
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Feb 21, 2024
02/24
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host of the fox true crimeue cre podcast, companion. he spent 22 months in prison, which is why he feels right at home here. author of the wolf of wall street and the new book the wolfauthor of investing, jon belfort seems like a stubborn cat, sharp and small that hurts when you sit on her. "new york times" best sellinu hg author and fox news contributorl kat timpingf joe, ever sinceares your parents signed a do not resist order the day you were born, you've never been. the med you've never trusted. the medical establishmenblishmet is that correct? >> part partially. greg. >> i do want to be resuscitatedc becausite am a members only modl so life is worth living. : it's >> but is that a new members only? t jack? it's a new members only. jack and i look good jac >> so even iket.iff you do firey i've got something to fall back on. ou deg toall backi'll say this,. >> there are two big issues i have with this whole nuhing. one. if white people are psychopaths, i wouldn'ne, ifte e at all that he said that because i'd be a psychopath. right? b
host of the fox true crimeue cre podcast, companion. he spent 22 months in prison, which is why he feels right at home here. author of the wolf of wall street and the new book the wolfauthor of investing, jon belfort seems like a stubborn cat, sharp and small that hurts when you sit on her. "new york times" best sellinu hg author and fox news contributorl kat timpingf joe, ever sinceares your parents signed a do not resist order the day you were born, you've never been. the med you've...
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Feb 9, 2024
02/24
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a simple cut is to take cre exposure in excess of capital and say that those are at risk next.sion between those two cohorts since march of last year. new york community bank flew under the radar given its small size. i think that it is differentiating quite well. looking forward, this risk is here and will be here until rate cuts happen or everyone comes back to the office. a recent survey from linkedin from one of my ex colleagues, 25% of all jobs in america last year were work from home. 25%. it marries to what we see in our subway data in new york city. this is a perpetual risk. the markets differentiate. jonathan: jamie is trying to get everyone back to work. of not sure how this is working out for everyone else. this could be a permanent feature to adjust to. do you see it as a single name problem, a sector problem that becomes a broader market problem because it is a economicn issue? they have to italian lending standards and the ability to finance the economy will be diminished? thomas: i think that we frame it as a natural credit cycle that many investors have not seen
a simple cut is to take cre exposure in excess of capital and say that those are at risk next.sion between those two cohorts since march of last year. new york community bank flew under the radar given its small size. i think that it is differentiating quite well. looking forward, this risk is here and will be here until rate cuts happen or everyone comes back to the office. a recent survey from linkedin from one of my ex colleagues, 25% of all jobs in america last year were work from home....
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Feb 8, 2024
02/24
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banks across the globe preparing for potential losses in cre.ther together with mike mckee. fantastic to continue the conversation. the worries of the banking sector last year, different from this year. last year was working through interest-rate shocks. now potentially credit stress. is this coming up in the committee? when you saw that with nycb, is this something you talked about collectively? tom: commercial real estate, as the secretary said, is a known issue. i was in d.c. yesterday doing a roundtable with some real estate executives. that is a market struggling to come back. you can feel the stress in the commercial real estate area, particularly downtown office. many banks and nonbanks have exposure. important to take into account in terms of stability. but it is not a new kind of risk. we have gone through real estate cycles. it wouldn't stun me if a bank or two ended up wrongfooted, but the system knows that real estate is an acid with a certain amount of risk. i hope and expect we have enough capital to whether that. lisa: people have
banks across the globe preparing for potential losses in cre.ther together with mike mckee. fantastic to continue the conversation. the worries of the banking sector last year, different from this year. last year was working through interest-rate shocks. now potentially credit stress. is this coming up in the committee? when you saw that with nycb, is this something you talked about collectively? tom: commercial real estate, as the secretary said, is a known issue. i was in d.c. yesterday doing...
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Feb 28, 2024
02/24
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hairdryer hot surprise the sale on ozone hurry up the meat grinder for 3.839 homekat filler for 329 cresamarket you will always find something to give to your loved ones, especially on holiday sale. titval cordless vacuum cleaner for only 29,990 rubles. four components against the main symptoms of colds and flu, fever, runny nose, headache, and for the treatment of a sore throat. maxicold lore spray not only helps relieve sore throat, but fights its causes. to stop with cold symptoms. two cutlets with onions, special sauce, cheese, salads, cucumbers, a legendary look, this is a big hit, only at a delicious point. what, what, what, again everyone, everyone needs it. gifts, buy them all at once in split 006 on the yandex market, mat for yoga ecos green for 477 rub. now she will appear, come on! well, what's there? a card that earns itself. gazprombank debit card with a stable income of up to 35%. i opened the application and selected the car brand. and vito will pick up everything for that. gdr. premiere. today at 20:00 on ntv. the most holy theotokos, who gave the world the savior of mank
hairdryer hot surprise the sale on ozone hurry up the meat grinder for 3.839 homekat filler for 329 cresamarket you will always find something to give to your loved ones, especially on holiday sale. titval cordless vacuum cleaner for only 29,990 rubles. four components against the main symptoms of colds and flu, fever, runny nose, headache, and for the treatment of a sore throat. maxicold lore spray not only helps relieve sore throat, but fights its causes. to stop with cold symptoms. two...
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Feb 3, 2024
02/24
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surveyed over 230 retail asset protection professionals and found that 90% indicated organized retailfe cre is more of a risk to retail businesses now than it was just three yearsrs ago. businesses of all size and all locations from big box stores like home depot, macy's, gap, walmart, target, cvs, walgreens and many others to mom and pop shops at my hometown of texas are all worried about these alarming trends are sounding the alarm on the rise of criminal activity tied to them. in addition to widespread theft they have turned deadly last week security guard at a macy's in philadelphia, pennsylvania was fatally stabbed by a man attempting to steal merchandise. a second security guard was also injured. according to reports the suspect was later arrested has a history of retail theft of a robbery and drug offensive across the philadelphia region. moreover at this macy's location alone they filed over 250 reports of retail theft in a year. then, last or to home depot in hillsboro, north carolina elderly employee of home depot was assaulted by a man attempting to steal power washers. according
surveyed over 230 retail asset protection professionals and found that 90% indicated organized retailfe cre is more of a risk to retail businesses now than it was just three yearsrs ago. businesses of all size and all locations from big box stores like home depot, macy's, gap, walmart, target, cvs, walgreens and many others to mom and pop shops at my hometown of texas are all worried about these alarming trends are sounding the alarm on the rise of criminal activity tied to them. in addition to...
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Feb 9, 2024
02/24
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CSPAN
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their case, then this court would have to look at the evidence presented and decide which holding was cre and decide that sufor the country. wh there is a complete record, the records will be applying the decision. i think it is unlikely any court would say we will reach a different decision than the supreme court did, particularly if the courtels on the fact of what president trump said on video and in his twitter feed which is t eence of our case. justice alito: you had an expert testified about the meaning of what president trump said. do you think it is possible in a different ste court -- a different state cot uld appl to alberta differently and say this person should not be allowed to express an expert opinion on that question? do you think that is beyond the realm of imanaon? mr. murray:. noat all. numbernepresident trump did not appeal the admission of that evidence. mb two, the point is producing me did not opine on the meaning of trouble's words, on the effect of those wds had on extremists. the essen was around videotaped statements of trump himself encouraging and praising pol
their case, then this court would have to look at the evidence presented and decide which holding was cre and decide that sufor the country. wh there is a complete record, the records will be applying the decision. i think it is unlikely any court would say we will reach a different decision than the supreme court did, particularly if the courtels on the fact of what president trump said on video and in his twitter feed which is t eence of our case. justice alito: you had an expert testified...
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Feb 9, 2024
02/24
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murray: this court would set the legal standard and then decide which of you the record was cre. justice alito: which view of what record? mr. murray: if this court had two cases and bh the records were sufficient insofar as both have the opportunity to present -- their case, then this court would have to look at the evidence presented and decide which holding was correct a decide that issue for the country. when there is a complete record, the records will be applying e decision. i think it is unlikelan court would say we will reach a different decision than the supreme court did, particurl if the court relies on the fact of what president trum said on video and in his twitter fd which is the essence of our case. stice alito: you had an expert testified about the meaning of what president trump said. do you think it is possiblin different state court -- a different state court would apply talrta differently and say this person should not be allowed to express an expert opinion on that question? do you think that is beyonth realm of imagination? mr. murray:. not at all. number on
murray: this court would set the legal standard and then decide which of you the record was cre. justice alito: which view of what record? mr. murray: if this court had two cases and bh the records were sufficient insofar as both have the opportunity to present -- their case, then this court would have to look at the evidence presented and decide which holding was correct a decide that issue for the country. when there is a complete record, the records will be applying e decision. i think it is...
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Feb 16, 2024
02/24
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CNBC
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they say and if they are not in compliance, you get a cre score as a bank and if you are not in compliancetors can block the ability to open branches and change offices and according to cowen, it is your ability to do m&a. we will not bless this merger which may be more relevant to regional banks, but still important in the land sscape. >> leslie, thank you. >>> when we come back, general david petreaeus will join us to discuss the threats from russia in space. >>> as we go to break, let's look at yesterday's winners and losers in the s&p 500. hey you, with the small business... ...whoa... you've got all kinds of bright ideas, that your customers need to know about. constant contact makes it easy. with everything from managing your social posts, and events, to email and sms marketing. constant contact delivers all the tools you need to help your business grow. get started today at constantcontact.com constant contact. helping the small stand tall. power e*trade's easy to-use tools make complex trading less complicated. custom scans help you find new trading opportunities, while an earnings
they say and if they are not in compliance, you get a cre score as a bank and if you are not in compliancetors can block the ability to open branches and change offices and according to cowen, it is your ability to do m&a. we will not bless this merger which may be more relevant to regional banks, but still important in the land sscape. >> leslie, thank you. >>> when we come back, general david petreaeus will join us to discuss the threats from russia in space. >>>...
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Feb 12, 2024
02/24
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now, back during the gfc, the fed was aggressively cutting rates to stimulate the economy and cre transactione to work with borrowers that wanted to keep the properties. again, not the case today, and finally, back then, extending loans into a lower rate environment led to increasing property values, not so today in a high rate environment. so we already know that office is in the biggest trouble, but one surprising sector that could see distress coming soon, hotels, a lot of cnbs lodging loans are maturing this year and next over $30 billion worth. more than a third of those carry interest rates under 5% currently, and while hotel did have a banner 2023, there is concern that the consumer's starting to struggle. businesses are starting to cut expenses, and if both leisure and business travel drop this year, that will hit those property owners hard right when they have to refinance into much higher rates. back to you guys. >> are there specific properties that we should keep our eyes out on or specific cities where it's more trouble than others? >> look, i think we already know san francisco
now, back during the gfc, the fed was aggressively cutting rates to stimulate the economy and cre transactione to work with borrowers that wanted to keep the properties. again, not the case today, and finally, back then, extending loans into a lower rate environment led to increasing property values, not so today in a high rate environment. so we already know that office is in the biggest trouble, but one surprising sector that could see distress coming soon, hotels, a lot of cnbs lodging loans...
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Feb 26, 2024
02/24
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i cre parler, before things publicly came ng down. iounded parler with the best of intentions.m ashamed of what i was hijacked by bad actors looking to promote toxicity. are you saying you had no role directly since you are blaming these bad agentors and third parties? guest: no, i don't think you can say there is no role. everybody is a little bit too blame. i think we did the best we could given the information we had at the time. and really what we want to do now is say i have had a lot of experience, whether it's the good experience peernses, the bad experiences. when you put all that together, we have a lot of experience bringing to the table. i think after january 6 a lot of the platforms that are out there, a lot of social media platforms, i don't think they've made the necessary changes to prevent something like that from organizing and happening again. so i want to come in here and say we are building a new platform that's a new take on social media. we want to do things right. we still want to allow discussions to take place. we want to do it in a positive way where e
i cre parler, before things publicly came ng down. iounded parler with the best of intentions.m ashamed of what i was hijacked by bad actors looking to promote toxicity. are you saying you had no role directly since you are blaming these bad agentors and third parties? guest: no, i don't think you can say there is no role. everybody is a little bit too blame. i think we did the best we could given the information we had at the time. and really what we want to do now is say i have had a lot of...
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Feb 12, 2024
02/24
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BLOOMBERG
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jonathan: another cre crisis.s on the s&p 500, totally unchanged to -- unchanged to kick off the trading week. we are down two basis points. coming up this hour, stuard kaiser of citi. gennadiy goldberg of td securities and republican hopeful nikki haley. we begin with our top stories. stuard kaiser of citi remaining bullish. with very strong growth data as a backdrop, cpi could lead investors into either goldilocks or overheating camps. let's go straight to it. you got a clear line of sight. you've been telling us how good data is good news for stocks. do you think it is going to continue to be that way? stuard with think it is a good environment for owning equities. what is different now is for a. of -- for a period of time, -- that had people questioning, is that survey data forward and we need to be concerned about that? i think you are getting a very clean strong positive on the growth side of the equation. if we were to get an upside surprise on cpi, folks might say is this thing really overheating and then
jonathan: another cre crisis.s on the s&p 500, totally unchanged to -- unchanged to kick off the trading week. we are down two basis points. coming up this hour, stuard kaiser of citi. gennadiy goldberg of td securities and republican hopeful nikki haley. we begin with our top stories. stuard kaiser of citi remaining bullish. with very strong growth data as a backdrop, cpi could lead investors into either goldilocks or overheating camps. let's go straight to it. you got a clear line of...
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Feb 10, 2024
02/24
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CSPAN2
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we certainly be doing them with reckless disregard for the very serious problems that we are cre creating, for the very serious existing problems that we'll be exacerbating through this legislation. we certainly shouldn't be doing this in a way that excludes a very significant percentage of the composition of the united states senate from having any input. did you hear what she said? yet again, on a measure that has absolutely nothing, nothing at all to do with the border security measures that were rejected with good reason by nearly all senate republicans. she's on that basis calling us extremists and on that basis excluding us from making our amendments pending. this has nothing to do with bored security provisions -- border security provisions. this has to do with this bill. for that matter, this is a germane amendment tonl legislation. to exclude us because we wouldn't bow and kiss the ring of the law from schumer and mcconnell and its acolytes and associates is a disgrace to this institution. it's essentially saying you must agree with the machine. you must agree with the firm or yo
we certainly be doing them with reckless disregard for the very serious problems that we are cre creating, for the very serious existing problems that we'll be exacerbating through this legislation. we certainly shouldn't be doing this in a way that excludes a very significant percentage of the composition of the united states senate from having any input. did you hear what she said? yet again, on a measure that has absolutely nothing, nothing at all to do with the border security measures that...