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Apr 23, 2024
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it's time for the wall street beat and today we are looking at how legendary investor leon coopermanand a legend predatory lender. we will talk about a story that is one of the most read on the terminal, the business of merchant cash advances is kind of like a payday loan for small businesses but it's gotten and snared in this booming world of private credit. what is the length? >> merchan cash advances are very high interest, very quick money that if you are a pizza parlor or nail salon, you can get this money quickly. the business has got problems with it. sometimes the loans end up being illegal and they can hurt small businesses rather than help them. where private credit comes in is there is a boom right now and private credit on wall street and everyone wants to invest in it and people think i'm probably investing in high-yield loans or auto loans at private credit is also investing in cash advances by providing credit alliances that allow these firms to make their loans to small businesses. sonali: private credit sometimes works out fine but in this particular instance, how di
it's time for the wall street beat and today we are looking at how legendary investor leon coopermanand a legend predatory lender. we will talk about a story that is one of the most read on the terminal, the business of merchant cash advances is kind of like a payday loan for small businesses but it's gotten and snared in this booming world of private credit. what is the length? >> merchan cash advances are very high interest, very quick money that if you are a pizza parlor or nail salon,...
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Apr 23, 2024
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CNBC
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when asked if he would pause support, leon cooperman said i cannot say that yet. he doesn't hold the administration possible for the demonstrations. he said the kids are out of control. cooperman will join us live this morning at 8:00 a.m. to talk about the protests and donations and other plans as well as views, of course, of the market. >>> back to corporate news. we are watching novartis. reporting better than expected first quarter results and raised full year guidance. strong growth in the sales of the entresto and the other treatments. the ceo of novartis will be on "money movers" which airs at 11:00 a.m. on cnbc. >>> we are watching shares of apple. bloomberg reporting that iphone sales in china fell 19% in the march quarter. the worst performance in china since covid struck back in 2020. the report said that apple fell to third place in that market behind local brands of vivo and huawei. business has been tougher for apple in china after beijing restricted state agencies from using apple in a retaliatory move. >> every social media company from the united
when asked if he would pause support, leon cooperman said i cannot say that yet. he doesn't hold the administration possible for the demonstrations. he said the kids are out of control. cooperman will join us live this morning at 8:00 a.m. to talk about the protests and donations and other plans as well as views, of course, of the market. >>> back to corporate news. we are watching novartis. reporting better than expected first quarter results and raised full year guidance. strong...
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Apr 23, 2024
04/24
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FOXNEWSW
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another voice on this is leon cooperman. here he is this morning reacting to the protestant columbia, listen. >> responsibility of the university to create a safe and welcoming environment. for many universities including columbia they failed in doing that. the shorthand view is few are an anti-semite you are ignorant. easiest way to do with a is education. the only changes specifying my gifts and i specify all my giving has to do with the business school. >> sandra: how can they allow these kids to feel unsafe? scroll the list of these colleges with these anti-semitic anti-israel protests from princeton to mit, university of virginia, the ohio state and become it is happening now almost everywhere, brian. >> i taught at the college level for my 15 years and i will tell you two things. one, we did not have tenure and it made a difference because every year i had to ask myself if i'm doing my job and so did my boss. that was really important. number two, if you want free speech, you have to create very clear boundaries. these
another voice on this is leon cooperman. here he is this morning reacting to the protestant columbia, listen. >> responsibility of the university to create a safe and welcoming environment. for many universities including columbia they failed in doing that. the shorthand view is few are an anti-semite you are ignorant. easiest way to do with a is education. the only changes specifying my gifts and i specify all my giving has to do with the business school. >> sandra: how can they...
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Apr 23, 2024
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. >> that was billionaire donor to columbia university leon cooperman moments ago speaking to cnbc'stical protests at columbia over the israel/hamas war. cooperman's comments came as some billionaire columbia donors are saying they are rethinking their support of the school. andrew joins us now. >> i agree with mr. cooperman. i think maybe they were a little slow to it. i know this will make nobody happy, but i think columbia is a good example of where they're trying to do the right thing there. it was columbia where students took over during the vietnam war. students took over the president's office and everybody thought that was so cool and so noble, younger people like me grew up and were like what? i was afraid to knock on the president of the university's door. there's nothing cool about anarchy and chaos on your college campuses. i think sometimes these administrators, i don't know if theying came straight from academia, i don't know what their problem is, but they're paid to keep people safe and have an orderly environment where students can learn. mr. cooperman may be right t
. >> that was billionaire donor to columbia university leon cooperman moments ago speaking to cnbc'stical protests at columbia over the israel/hamas war. cooperman's comments came as some billionaire columbia donors are saying they are rethinking their support of the school. andrew joins us now. >> i agree with mr. cooperman. i think maybe they were a little slow to it. i know this will make nobody happy, but i think columbia is a good example of where they're trying to do the right...