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Jan 15, 2021
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j.p. morgan, citi posting in the red citi mix, wells fargo, that was a miss bank of america, goldman sachs on to report next week given today's action, is there more pain coming for the financials let's use the example of j.p. morgan it was a good quarter. the stock was up 36% in the three months going into the quarter, though. is that the problem with the banks at this point? >> yeah. i think that's clearly the problem. there's nothing wrong with their erpgs, necessarily, but the stock that is run up so much before the season. i think any type of blemish is going to drive the price lower we're still in this value trade. i do like the banks for the totality of 2021, but i think near term there are some concerns one of the rate side -- the positioning has unwound a little bit. you had net short positioning and long bonds really extreme later in the fall, so i think if that move to the other side of the boat at all, if you see any issues with stimulus being rolled out or the vaccine or economic dat
j.p. morgan, citi posting in the red citi mix, wells fargo, that was a miss bank of america, goldman sachs on to report next week given today's action, is there more pain coming for the financials let's use the example of j.p. morgan it was a good quarter. the stock was up 36% in the three months going into the quarter, though. is that the problem with the banks at this point? >> yeah. i think that's clearly the problem. there's nothing wrong with their erpgs, necessarily, but the stock...
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Jan 15, 2021
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j.p. morgan is the want to beat. does its earnings provide any insight to what to expect from wells fargo in citigroup in 50 minutes time? sonali: i would be concerned about the reserve bill. will it look worse than other banks. remember for jp morgan, they more flexibility. much better than their peers. their ability to pay people and also keep their costs in line, they have a lot more flexibility than the other two. tom: sonali basak, our chief wall street -- it is friday -- wall street correspondent. lisa,[laughter] a lot more going on. to me, the most interesting thing is $1.9 trillion. it is going to run through the committee of the senator from vermont. lisa: yes, we did see a bit of a cooling in wall street. people are expecting the actual stimulus plan to end up being closer to $1 trillion. this is a plan built to negotiate, built to try to establish some bipartisan consensus. unclear if they can do that and what that means in terms of concessions, higher taxes and other issues that may be headmans to the eco
j.p. morgan is the want to beat. does its earnings provide any insight to what to expect from wells fargo in citigroup in 50 minutes time? sonali: i would be concerned about the reserve bill. will it look worse than other banks. remember for jp morgan, they more flexibility. much better than their peers. their ability to pay people and also keep their costs in line, they have a lot more flexibility than the other two. tom: sonali basak, our chief wall street -- it is friday -- wall street...
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the american bank j.p. morgan is calling it the new gold but it wasn't always like that the banks feel used to see that crypto currencies were nothing but a fraud even threatening to fire any employees who traded in bitcoin but the bank changed as the valuation soared now j.p. morgan is watching bitcoin climb to dizzying new highs i think institutional investors are now realizing that this is a real asset class their customers are asking the about it and they had to migrate from saying no don't touch it it's it's bad to. help you by will help you manage it bitcoin increased 400 percent in value since january 1st it's been reaching record highs since december according to g p morgan because again is gold's loss the bank maintains that many investors saw gold as well as shares in gold funds and they vetted those investments to big point but is because in really the new gold opinions in the financial industry differ widely some see big khans recent price gains as a speculative bubble that is set to barstow others see
the american bank j.p. morgan is calling it the new gold but it wasn't always like that the banks feel used to see that crypto currencies were nothing but a fraud even threatening to fire any employees who traded in bitcoin but the bank changed as the valuation soared now j.p. morgan is watching bitcoin climb to dizzying new highs i think institutional investors are now realizing that this is a real asset class their customers are asking the about it and they had to migrate from saying no don't...
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Jan 15, 2021
01/21
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i think when we look at the banks and just the fact that j.p. morgan is bringing down the reserve is a positive all around and the fact that they're seeing less risk there and have the cover to do that, and i also think the investment banking business has been a surprise positive, and i don't think we'll see it, like last several months and also the fact that the yield curve has steepened a bit is good and that could be maintained and we're not expecting a significantly more steepening from here and the levels above 1% could be sustainable and it should make for a better environment for the banks as we head into q1 and q2. the wells fargo cfo will be on and you don't want to miss that interview for more perspective on that business and why the stock is reacting the way it is. >> i want to continue in a second with you, weiss let me let everyone know, playtika, you saw the ceo on in the last hour with the gang. it was up about 29%, and pltk having a nice open and we'll keep our eye on that this friday, as well. >> all right, weiss. you have more compani
i think when we look at the banks and just the fact that j.p. morgan is bringing down the reserve is a positive all around and the fact that they're seeing less risk there and have the cover to do that, and i also think the investment banking business has been a surprise positive, and i don't think we'll see it, like last several months and also the fact that the yield curve has steepened a bit is good and that could be maintained and we're not expecting a significantly more steepening from...
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Jan 15, 2021
01/21
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j.p. morganhe leader when it comes to topline earnings-per-share growth, as well as trading revenues. and yet, their shares down 1.4% ahead of the open. wells fargo shares tumbling after disappointing. as you peruse all the reports, what stands out to you? >> before the reports, we said we would be looking for three things. trading, capital markets momentum, net income dropping, provision speaking. i think we got -- provisions peeking. i think the one key story developing is higher spending. j.p. morgan increased her estimate for investment spending at the december conference, they raised again. wells fargo, everybody has been watching the cost number, that is the big opportunity the next several years. their guidance for cost is higher than consensus expected. net income expectation is lower. that is a negative. but spending more on investments. citigroup, we have seen the net income guidance, but trading revenue did come in lighter. they are spending on costs related to regulatory issues. black
j.p. morganhe leader when it comes to topline earnings-per-share growth, as well as trading revenues. and yet, their shares down 1.4% ahead of the open. wells fargo shares tumbling after disappointing. as you peruse all the reports, what stands out to you? >> before the reports, we said we would be looking for three things. trading, capital markets momentum, net income dropping, provision speaking. i think we got -- provisions peeking. i think the one key story developing is higher...
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i say with all due respect to j.p. morgan that that statement is the complete opposite of what they were saying just earlier this month at the beginning of january when a big one was actually on a tear j.p. morgan also put out any $146000.00 price target on it saying the big quite has emerged as a rival to gold which is the ultimate hedge so they're kind of doing a little flip flop of backtracking here given how that points track so in fact in november of 2020 to various groups they put out a survey consisting of more than 700 millionaire clients who responded to their firms annual survey with 73 percent of them saying that they have already invested or will invest in crypto currencies by 2023 so that number is up 68 percent from last year as high net worth individuals rebalance our portfolios more courts krypto so this statement that big question is not a reliable hedge it's actually going on simple wall street investors who have been flocking to quite as a legitimate hedge against inflation concerns from all these massive s
i say with all due respect to j.p. morgan that that statement is the complete opposite of what they were saying just earlier this month at the beginning of january when a big one was actually on a tear j.p. morgan also put out any $146000.00 price target on it saying the big quite has emerged as a rival to gold which is the ultimate hedge so they're kind of doing a little flip flop of backtracking here given how that points track so in fact in november of 2020 to various groups they put out a...
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Jan 8, 2021
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i think we have j.p. morgan a week from today. i think banks rally in that earnings report. i think you stay with a lot of these names into the j.p. morgan release and then take profits. that makes sense if you are looking for the metric, in my opinion, it comes from price that's the only thing you need to look at when they release earnings next week into the following week >> did it give you any pause about the quote, unquote blue wave trades ripping even prior to the georgia elections, talking about green energy, for instance, evs, infrastructure plays. >> zero. i think joe manchin is a very professional politician and knows how to play his state. i think you are going to see a massive spend across the board there is not a lot of rein that's going to be pulled in on the spending area. for the most part inflation is the ey you have to be a buyer of the banks. rates are moving higher. we haven't seen this environment for such a long time i don't think people are going to understand how to react to it if you look where we have come from since the summer, the value trade of wh
i think we have j.p. morgan a week from today. i think banks rally in that earnings report. i think you stay with a lot of these names into the j.p. morgan release and then take profits. that makes sense if you are looking for the metric, in my opinion, it comes from price that's the only thing you need to look at when they release earnings next week into the following week >> did it give you any pause about the quote, unquote blue wave trades ripping even prior to the georgia elections,...
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the american bank j.p. morgan is calling it the new gold but it wasn't always like that the bank c.e.o. used to see that crypto currencies were nothing but a fraud even threatening to fire any employees who traded in bitcoin but the bank changed it as the valuation soared now j.p. morgan is watching bitcoin climb to dizzying new highs i think institutional investors are now realizing that this is a real asset class their customers are asking them about it and they had to migrate from saying no don't touch it it's it's bad to ok help you by will help you manage it bitcoin increased 400 percent in value since january 1st it's been reaching record highs since december according to g p morgan because again is gold's loss the bank maintains that many investors saw gold as well as shares and gold funds and i vetted those investments to big point but is because really the new gold opinions in the financial industry differ widely some see because recent price gains as a speculative bubble that is set to barstow others see
the american bank j.p. morgan is calling it the new gold but it wasn't always like that the bank c.e.o. used to see that crypto currencies were nothing but a fraud even threatening to fire any employees who traded in bitcoin but the bank changed it as the valuation soared now j.p. morgan is watching bitcoin climb to dizzying new highs i think institutional investors are now realizing that this is a real asset class their customers are asking them about it and they had to migrate from saying no...
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the american bank j.p. morgan is calling it the new gold but it wasn't always like that the banks see you all used to see that crypto currency which were nothing but a fraud even threatening to fire any employees who traded in bitcoin but the bank changed as the valuation soared now j.p. morgan is watching bit koin climb to dizzying new highs i think the institutional investors are now realizing that this is a real asset class their customers are asking them about it and they had to migrate from saying no don't touch it it's it's bad to. help you buy will help you manage it bitcoin increased 400 percent in value since january 1st it's been reaching record highs since december according to g p morgan because again is gold's loss the bank maintains that many investors saw gold as well as shares in gold funds and they vetted those investments to big coin but is because i'm relieved the new gold opinions in the financial industry differ widely some see because lucent price gains as a speculative bubble that is set to
the american bank j.p. morgan is calling it the new gold but it wasn't always like that the banks see you all used to see that crypto currency which were nothing but a fraud even threatening to fire any employees who traded in bitcoin but the bank changed as the valuation soared now j.p. morgan is watching bit koin climb to dizzying new highs i think the institutional investors are now realizing that this is a real asset class their customers are asking them about it and they had to migrate...
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Jan 19, 2021
01/21
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we focused on the call by j.p. morgan since the vaccine confirmation of november 6th of last year, faang names are the worst-performing stocks in the coverage universe. they have underperformed the s&p. almost all are down over the last 12 months and three months. is now the time to buy as j.p. morgan says? >> so i think it's a fascinating topic because even six months ago we were having conversations on this joe, judge, about whether or not the market could survive if these companies stumbled and how dependent the markets seemed to be on the faang trade, and of course that is completely untrue and the opposite happened. the russell 2000 raced 26% higher in the first quarter and massive outperformance by energy and industrials, and i think it's a little bit poetic justice for all of the people complaining about how index funds were dropping up stocks and the whole market is apple and microsoft. wrong again, sorry so now what happens? well, i'm long a few of these names and i do think you'll see dispersion, and it is $6 tr
we focused on the call by j.p. morgan since the vaccine confirmation of november 6th of last year, faang names are the worst-performing stocks in the coverage universe. they have underperformed the s&p. almost all are down over the last 12 months and three months. is now the time to buy as j.p. morgan says? >> so i think it's a fascinating topic because even six months ago we were having conversations on this joe, judge, about whether or not the market could survive if these companies...
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the american bank j.p. morgan is calling it the new gold but it wasn't always like that the banks feel used to see that crypto currency which were nothing but a fraud even threatening to fire any employees who traded in bitcoin but the bank changed as the valuation soared no j.p. morgan is watching bit coin plain to dizzying new highs i think the institutional investors are now realizing that this is a real loss of course their customers are asking them about it and they have to migrate from saying no don't touch it it's it's bad to. help you by the we'll help you manage it. bitcoin increased 400 percent in value since january 1st it's been reaching record highs since december according to g p morgan big gain is gold's loss the bank maintains that many investors saw gold as well as shares in gold funds and divested those investments to big coins but is bit cohen really the new gold opinions in the financial industry differ widely some see bitcoins recent price gains as a speculative bubble set to barstow all those
the american bank j.p. morgan is calling it the new gold but it wasn't always like that the banks feel used to see that crypto currency which were nothing but a fraud even threatening to fire any employees who traded in bitcoin but the bank changed as the valuation soared no j.p. morgan is watching bit coin plain to dizzying new highs i think the institutional investors are now realizing that this is a real loss of course their customers are asking them about it and they have to migrate from...
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Jan 20, 2021
01/21
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j.p. morgan would love to take that year. they outperformed there. oup, bank of america, goldman sachs, short on fixed income trading. morgan stanley stepping in with a beat. tom: we will get a compare and contrast on that in a bit. i want to get to what gorman said, significant momentum into 2021. is that standard ceo boilerplate, or is it true? >> in the middle of last year, he was a little bit worried about these pickups we are seeing in the economy, and this is someone who is saying that we should see a v-shape. he was optimistic, changed his tone, and it looks like he is back again. tom: corbett out, frazier in, and she wants to do what gorman is doing, wealth management. what is the gorman pixie dust that allows them to be the guy that owns about management across the industry? sonali: one of the things we asked, as he grows, he did two major acquisitions last year. is he trying to be all things to all people? no. he is not trying to be credit suisse. tom: not trying to be blackrock. sonali: although he would like to see the asset management div
j.p. morgan would love to take that year. they outperformed there. oup, bank of america, goldman sachs, short on fixed income trading. morgan stanley stepping in with a beat. tom: we will get a compare and contrast on that in a bit. i want to get to what gorman said, significant momentum into 2021. is that standard ceo boilerplate, or is it true? >> in the middle of last year, he was a little bit worried about these pickups we are seeing in the economy, and this is someone who is saying...
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interesting is that years now some see financial stocks doing phenomenally well so stocks like j.p. morgan goldman sachs and morgan stanley have seen their stocks pop about 25 percent over the course of just the past few weeks so it seems the focus is shifting tech a lot had a great month the past month but the financial stocks have so it seems that subtraction things are going but i think you're absolutely right we should be very concerned about asset price bubbles it seems that the monetary injections the fed has engineered have simply driven lots of asset prices through the roof and if that were to be removed as stimulus the markets are going to have to come back down there's no 2 ways about it right here would i or on stimulus that's been carrying the markets the difference between now and the economy for the last couple of months christine despite the equities markets today when a market is experiencing somewhat of a boom when it's about bond issuance soared it to the highest level that we've seen in a decade what's going on there. well right now coated is to be blamed for a lot of it
interesting is that years now some see financial stocks doing phenomenally well so stocks like j.p. morgan goldman sachs and morgan stanley have seen their stocks pop about 25 percent over the course of just the past few weeks so it seems the focus is shifting tech a lot had a great month the past month but the financial stocks have so it seems that subtraction things are going but i think you're absolutely right we should be very concerned about asset price bubbles it seems that the monetary...
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Jan 4, 2021
01/21
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the boss of which was calling it a fraud a few years ago now j.p. morgan receiving notes advising the there's a possibility because it could go to this price or that price you know very very big they're getting interested now and all of that demand is pushing the price up and up and up at the moment. and really this all comes from the narrative that because the u.s. government in particular the federal reserve and other central banks are printing a lot of money because of the coded 19 virus they decided to print money to stimulate their economies this is pushing the value of the dollar down because there are all these new dollars being printed the dollar is going down and people at a particular america are looking for safe havens to put their money into they're looking to gold and looking to bitcoin. a funny gerry mountain lead singer of the 1960 s. a british group joining the pacemakers has died aged 78. 1 of the classic hits which became the anthem at the liverpool football club in april recorded it in tribute to. the national health service after a shor
the boss of which was calling it a fraud a few years ago now j.p. morgan receiving notes advising the there's a possibility because it could go to this price or that price you know very very big they're getting interested now and all of that demand is pushing the price up and up and up at the moment. and really this all comes from the narrative that because the u.s. government in particular the federal reserve and other central banks are printing a lot of money because of the coded 19 virus...
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j.p. morgan's massive manipulation in the silver and gold markets which they have sense admitted and paida fine for a market manipulation is rampant in america the precious metals are manipulated all the stocks are completely manipulated this is been proven again and again fully documented there is no adequate is no sufficient price discovery in any of these markets in the united states and around the world and these millennialism gen zinni are saying enough is enough you stole all our money in 2008 now we're going to steal it back so i applaud this entirely and i hope they keep the pressure on because they need to restore some justice and some equilibrium to these markets max always a pleasure thank you for your time as max kaiser host of aussies at a kaiser report. science fiction is becoming every ality as moscow may get its 1st flying taxis within a couple of years a russian urban their ability company has started testing so-called passenger drones artie's constantinian rushkoff was the 1st in cuba. and just like that city traffic is no longer an issue instead of driving along congest
j.p. morgan's massive manipulation in the silver and gold markets which they have sense admitted and paida fine for a market manipulation is rampant in america the precious metals are manipulated all the stocks are completely manipulated this is been proven again and again fully documented there is no adequate is no sufficient price discovery in any of these markets in the united states and around the world and these millennialism gen zinni are saying enough is enough you stole all our money in...
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Jan 3, 2021
01/21
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the boss of which was calling it a fraud a few years ago now j.p. morgan are receiving notes advising the there's a possibility because it could go to this price or that price you know very very very getting interested now and all of that demand is pushing the price up and up and up at the moment. and really this all comes from the narrative that because the u.s. government in particular the federal reserve and other central banks are printing a lot of money because of the coded 19 virus they decided to print money to stimulate their economies this is pushing the value of the dollar down because there are all these new dollars being printed the dollar is going down and people particularly america are looking for safe havens to put their money into they're looking to gold they're looking to bitcoin. now $80000.00 exile tibetans are voting for a new parliament president elections taking place in india's northern city of san salah just conceit of the tibetan government in exile since 1959 it's also the base of their spiritual leader the dalai lama who fled ch
the boss of which was calling it a fraud a few years ago now j.p. morgan are receiving notes advising the there's a possibility because it could go to this price or that price you know very very very getting interested now and all of that demand is pushing the price up and up and up at the moment. and really this all comes from the narrative that because the u.s. government in particular the federal reserve and other central banks are printing a lot of money because of the coded 19 virus they...
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Jan 13, 2021
01/21
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a year ago this week, i was around the j.p. morgan health care conference and bumped into a nice guy, i don't know how to pronounce his name, stephon, stphan he told me about crunching numbers for a vaccine using rna technology and going over my head and moderna, i thought a town in italy. it sounded pretty darn good. he ran this commpany and it had about a $20 stock. i sat down i listened, talked, i recommended it to you. seemed like we were working on the biggest breakthrough since we beat polio. fast forward a year. i'm getting jabbed in the arm with what? this guy's covid vaccine the ceo of intel lost his job not long after being promoted from the spot. the board replaced him with a good intel hand and it could be good as much as intel needs a change, what matters here is you're getting a chance to buy intel's more agile down more than $3 for something that may not even happen, a turn at intel within the next three years hey, a good job but intel doesn't really need an old intel hand it needs someone new, young, hungry who can sha
a year ago this week, i was around the j.p. morgan health care conference and bumped into a nice guy, i don't know how to pronounce his name, stephon, stphan he told me about crunching numbers for a vaccine using rna technology and going over my head and moderna, i thought a town in italy. it sounded pretty darn good. he ran this commpany and it had about a $20 stock. i sat down i listened, talked, i recommended it to you. seemed like we were working on the biggest breakthrough since we beat...
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Jan 10, 2021
01/21
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ALJAZ
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city into big question that's something j.p. morgan and other banks of those observed talked about so that's i think a big part of it's driving the price right now so jumping back in new york if institutional investor has a rotating away from traditional safe havens like gold does that mean that the rest of us should be i'm not wishing to get you to breach any kind of insider trading legislation but should we be buying bitcoin. absolutely not. i mean what these guys aren't saying is that they don't know why the prices so high they'll give you all kinds of give you all kinds of fascinating information but most of this is basically the hype cycle at this point in the game i mean you're looking at an investment of 40 k. for the average person that's almost impossible so maybe you could buy a little bit you could try it out you could see what happens but unless you're unless you're an insider in this game at this point we've pretty much reached the point where you can you can make your millions. of stare and there are people out there who
city into big question that's something j.p. morgan and other banks of those observed talked about so that's i think a big part of it's driving the price right now so jumping back in new york if institutional investor has a rotating away from traditional safe havens like gold does that mean that the rest of us should be i'm not wishing to get you to breach any kind of insider trading legislation but should we be buying bitcoin. absolutely not. i mean what these guys aren't saying is that they...
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Jan 19, 2021
01/21
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j.p. morgand they're going to do 30 billion that's not in the first quarter. that's over the course of the whole year, and i believe their number for the total of q1 was 4.8 or 4.6 or something around that level so similar scale to j.p. morgan, q1 doing the maximum allowed amount based on the fed's rules for bank of america. the shares up a little bit in the premarket, these numbers broadly in line with expectation, which is buy back as much as the fed will allow us to do. >> i was going to ask you that i didn't see where the stock was trading ahead of this announcement was it already up? we are looking at markets already up this morning. >> i didn't see exactly before the news crossed the key point with all the banks is they were up massively since the start of november coming into earnings. j.p. morgan did just about enough with their numbers to hold that ground and not decline significantly on friday, where as citi and wells fargo were down sharply bank of america numbers, we'll see similar th
j.p. morgand they're going to do 30 billion that's not in the first quarter. that's over the course of the whole year, and i believe their number for the total of q1 was 4.8 or 4.6 or something around that level so similar scale to j.p. morgan, q1 doing the maximum allowed amount based on the fed's rules for bank of america. the shares up a little bit in the premarket, these numbers broadly in line with expectation, which is buy back as much as the fed will allow us to do. >> i was going...
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Jan 19, 2021
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since november 9 and the pfizer news came out on its vaccine approval, j.p. morgan is up by 34%. the s&p is up by 8%. the nasdaq is up i around 10%. surely we have had a lot of good news already priced into these stocks. is that why we are struggling today? are we in a situation with the reflation trade that it is better to travel than arrive? jeff: i thing we thought last friday, with the banks that reported then as well. the stoxx really have had such a run since we got the good vaccine news -- the stocks really have had such a run since we got the good vaccine news. i think there is more room to go up because they still underperformed last year, despite the increase at year end, and the estimates still don't reflect a healthy economy. so that is still to come, but i think what we have seen the past couple of trading days is a bit of a pause because they have seen a run-up. now it is a bit of digestion to see if they can go higher. i think they can, of it makes sense to pause here a bit. alix: if that is the case, what is going to be the next catalyst for this? there's no way y
since november 9 and the pfizer news came out on its vaccine approval, j.p. morgan is up by 34%. the s&p is up by 8%. the nasdaq is up i around 10%. surely we have had a lot of good news already priced into these stocks. is that why we are struggling today? are we in a situation with the reflation trade that it is better to travel than arrive? jeff: i thing we thought last friday, with the banks that reported then as well. the stoxx really have had such a run since we got the good vaccine...
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Jan 7, 2021
01/21
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. >> j.p. morgan came out with a price on bitcoin one of the thesis was that it may be a replacement for gold. now it is store value. can it continue at the pace with just one thesis. >> why is j.p. morgan so conservative we talk about 10 x improvement in profit. if you think of a bitcoin product that is 2x better, that would put bitcoin at a million dollars a coin when i say those numbers, they shock people but both gold and bitcoin are sound money principles gold is the analog and bitcoin is the digital there is not a single product to replace them the digital product is always bigger i think it is a foregone conclusion it is going to flip gold, but the question is how much bigger will it be i don't think we know. it is a foregone conclusion that not only is bitcoin a 10x improvement on gold -- >> how does that $1 million price target change. right now we are talking about a replacement for gold in the corporate world it is a replacement for cash with what is going on with the u.s. dollar would that
. >> j.p. morgan came out with a price on bitcoin one of the thesis was that it may be a replacement for gold. now it is store value. can it continue at the pace with just one thesis. >> why is j.p. morgan so conservative we talk about 10 x improvement in profit. if you think of a bitcoin product that is 2x better, that would put bitcoin at a million dollars a coin when i say those numbers, they shock people but both gold and bitcoin are sound money principles gold is the analog and...
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Jan 21, 2021
01/21
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j.p. morgan also being a commercial bank.ther direction, i would argue, for j.p. morgan it would be a harder argument to make for a wells fargo an easier argument to make with j.p. morgan or goldman sachs they've been tightly linked to ppp and other areas to help with the up and downic. i'm not surprised to see it held flat >> no. the comp levels have been at a going rate there's not a lot of swing from year to year at this point you can make an argument that it was a tough year on the other hand, didn't give you raw material for much of an increase and i think they wanted to keep things more or less steady at these levels >> we are pretty much out of time here. record close just about. the "fast money" starts now. >> this is "fast money." tonight's trader lineup. tonight on fast, a tech double play intel and ibm on the move after reporting results. straight ahead plus retail ripping, dillard's and kohl's posting gains go lone or go home what a 50-year u.s. treasury could mean for your money.
j.p. morgan also being a commercial bank.ther direction, i would argue, for j.p. morgan it would be a harder argument to make for a wells fargo an easier argument to make with j.p. morgan or goldman sachs they've been tightly linked to ppp and other areas to help with the up and downic. i'm not surprised to see it held flat >> no. the comp levels have been at a going rate there's not a lot of swing from year to year at this point you can make an argument that it was a tough year on the...
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Jan 11, 2021
01/21
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>> short-term not much, j.p. morganill not make any political contributions, democrat, republican or whatever. i think hopefully that will be part of the trend of everyone taking a deep breath and trying to figure out how to get this country moving again. we have great challenges but also great opportunities ahead, especially in the area of healthcare. ashley: next one for you, steve. forbes magazine editor randall lane is warning companies not to hire trump administration officials writing in an op-ed right here quote, a truth reckoning. why we are holding those who live for trump accountable? what do you say, steve to that? >> that is the opinion of our chief content officer at forbes unlike twitter, unlike facebook, we value diverse opinions we have by diversity of opinions. my own feeling is this hearts back to the time of blacklisting we had in the 1950s, the hollywood ten and the like sanctioning people that is ugly for the culture, ugly for politics but again we've got to look forward to the future but again we v
>> short-term not much, j.p. morganill not make any political contributions, democrat, republican or whatever. i think hopefully that will be part of the trend of everyone taking a deep breath and trying to figure out how to get this country moving again. we have great challenges but also great opportunities ahead, especially in the area of healthcare. ashley: next one for you, steve. forbes magazine editor randall lane is warning companies not to hire trump administration officials...
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invest with the expertise of j.p. morgan, either with an advisor or online, through chase. after all, it's yours. chase. make more of what's yours. ♪ ♪ ♪ ♪ aso the national eye instituteon did 20 years of clinical studies on a formula only found in preservision. if it were my vision, i'd ask my doctor about preservision. it's the most studied eye vitamin brand. if it were my vision, i'd look into preservision. only preservision areds2 contains the exact nutrient formula recommended by the nei to help reduce the risk of moderate to advanced amd progression. i have amd. it is my vision so my plan includes preservision. more love,... more adventure,... more community. but with my hiv treatment,... there's not more medicines in my pill. i talked to my doctor... and switched to... fewer medicines with dovato. prescription dovato is for some adults who are starting hiv-1 treatment or replacing their current hiv-1 regimen. with... just 2 medicines... in 1 pill,... dovato is as effective as a 3-drug regimen... to help you reach and stay undetectable. research shows people who take
invest with the expertise of j.p. morgan, either with an advisor or online, through chase. after all, it's yours. chase. make more of what's yours. ♪ ♪ ♪ ♪ aso the national eye instituteon did 20 years of clinical studies on a formula only found in preservision. if it were my vision, i'd ask my doctor about preservision. it's the most studied eye vitamin brand. if it were my vision, i'd look into preservision. only preservision areds2 contains the exact nutrient formula recommended by...
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Jan 15, 2021
01/21
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j.p. morgan says bitcoin has the potential to reach 146 thousand dollars in the longer-term.s now, the man behind that call. thanks so much for joining us. when you wrote that call, it was one of the most read stories of the day. one of the most talked about in markets right now. what do you think about the recent drop and recovery we have seen? is it to be expected? >> we saw the day before thanksgiving -- at the time, the open interest and bitcoin futures declined more than 10%. in recent days, some decline of 5% to 10% in bitcoin futures. it looks like similar to that correction, we occasionally get froth that is driven by futures spikes. for bitcoin, the flow through the gain is along with futures, bitcoin futures are important vehicle. the trade was closed for two weeks for administrative purposes. in two days we get $2 million of inflow. it is significant. for the whole month of december, we had the new flow of $2 billion. it is almost like $100 million a day. matt: where is all this money coming from? is this retail money from the robinhood crowd? is this after we get
j.p. morgan says bitcoin has the potential to reach 146 thousand dollars in the longer-term.s now, the man behind that call. thanks so much for joining us. when you wrote that call, it was one of the most read stories of the day. one of the most talked about in markets right now. what do you think about the recent drop and recovery we have seen? is it to be expected? >> we saw the day before thanksgiving -- at the time, the open interest and bitcoin futures declined more than 10%. in...
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Jan 18, 2021
01/21
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j.p. morgan's raymond chang says he is not worried.ents are making up half of the ratings on the topics and less than 50% on the asix200. this is because you're seeing flare-up with the virus, japan under that state of emergency and australia's diplomatic rao with china, the outlook for japan is mixed but opportunistic from sidney, there is plenty of opportunity for australia to catch up here and t. rowe price, and the one to watch and we had that reflected in the strong gdp numbers in terms of the bullish outcome for china for 2021. annmarie, manus. annmarie: certainly was definitely good gdp data coming out of china. thank you so much. looking at the csi 300, one of the markets are doing well this morning, more than 1%. one thing i found very interesting comes from david over in hong kong. he was saying how economic output since 1992 comes out 9.3% for china, the shanghai, the same exact time is 9%. 2020 talks about the stock market, not the economy. a long term basis in china, manus, it looks like it can be. manus: it depends on fis
j.p. morgan's raymond chang says he is not worried.ents are making up half of the ratings on the topics and less than 50% on the asix200. this is because you're seeing flare-up with the virus, japan under that state of emergency and australia's diplomatic rao with china, the outlook for japan is mixed but opportunistic from sidney, there is plenty of opportunity for australia to catch up here and t. rowe price, and the one to watch and we had that reflected in the strong gdp numbers in terms of...
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there have been dozens of calls from big corporations from apple google some of the big banks like j.p. morgan or goldman sachs and the like but also from business as home from trade groups and from unions to facebook to exit he actually decided that they will not allow to donald trump to post anything on facebook for the reminder of his terms of what is a little less than 2 weeks so what we're hearing quite a bit is that it's important to protect democracy you already mentioned that it's also important to make sure that there is this moose transition of power and then some of the business leaders also are calling for americans to come together having that said it's also interesting to see on the other side i mean big business has not always been on sync with the style of the current administration but on the other side they clearly took a profit from some of the policies like less regulation or also a lower texas but now as they fear that democracy is on the line and so finally they obviously decided to speak out. by facebook there now what's been easy to miss in the last 24 hours is the demo
there have been dozens of calls from big corporations from apple google some of the big banks like j.p. morgan or goldman sachs and the like but also from business as home from trade groups and from unions to facebook to exit he actually decided that they will not allow to donald trump to post anything on facebook for the reminder of his terms of what is a little less than 2 weeks so what we're hearing quite a bit is that it's important to protect democracy you already mentioned that it's also...
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Jan 19, 2021
01/21
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you heard j.p. morganst week say they are keeping an eye on goldman and pushing it to cars, so any value they can give us on their cars business will be a value. they are also launching more retail investment products. we are going to want updates on how well they are doing. tom: the efficiency ratio later down in the powerpoint is 65%, better than bank of america. that includes some litigation affairs. a challenging 2020. how do you move solomon into 2021 with these results? sonali: let me give you an interesting statistic about goldman sachs' investmrny bank. -- goldman sachs' investment act. two weeks ago it was on capitol hill for support for small businesses. what happens on main street absolutely matters to wall street, including goldman sachs, who you wouldn't consider a main street business at this point, by any jonathan: means. -- by any means. jonathan: sonali, thank you. joining us now is christian lou. give us an update. >> it is a pretty strong set of results. goldman is doing quite well relat
you heard j.p. morganst week say they are keeping an eye on goldman and pushing it to cars, so any value they can give us on their cars business will be a value. they are also launching more retail investment products. we are going to want updates on how well they are doing. tom: the efficiency ratio later down in the powerpoint is 65%, better than bank of america. that includes some litigation affairs. a challenging 2020. how do you move solomon into 2021 with these results? sonali: let me...
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Jan 22, 2021
01/21
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j.p. morgan made more money in the fourth quarter than it ever has in three months.t is the bloomberg business flash. francine? francine: thank you so much, karina. there you go, $31.5 million, tom. who talked about inflation? in the last couple of days we had a bit of a lift to the markets because of the optimism that we had, good earnings and optimism on additional stimulus. now there is restrictions that may be here for longer. that is being priced in a little bit. crude oil declining for a second day. tom: off of the comments from madame lagarde, this is just breaking -- german gdp. growth moves a substantial amount from 4.4% to 3%. that is not a minor headline. the vix back up, 22.80 one. on the pandemic, kathy hochul of buffalo. ♪ >> the governing council decided to keep the key ecb interest rates unchanged. until at least the end of march 2022, an ambitious and coordinated fiscal stance remains critical. the risk surrounding the euro area growth outlook remained tilted to the downside but less pronounced. headline inflation is likely to increase in the coming
j.p. morgan made more money in the fourth quarter than it ever has in three months.t is the bloomberg business flash. francine? francine: thank you so much, karina. there you go, $31.5 million, tom. who talked about inflation? in the last couple of days we had a bit of a lift to the markets because of the optimism that we had, good earnings and optimism on additional stimulus. now there is restrictions that may be here for longer. that is being priced in a little bit. crude oil declining for a...
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there have been dozens of calls from big corporations from apple google some of the big banks like j.p. morgan or goldman sachs and the like but also from the business of home from trade groups and from unions to facebook to exit he actually decided that they will not allowed donald trump to post anything on facebook for the reminder of his terms of what is a little less than 2 weeks so what we're hearing quite a bit is that it's important to protect democracy you already mentioned that it's also important to make sure that there is this moves transition of power and then some of the business leaders also are calling for americans to come together having that said it's also interesting to see on the other side i mean big business has not always been on sync with the style of the current administration but on the other side they clearly took a profit from some of the policies like less regulation or also a lord texas but now as they fear that democracy is on the line and so finally they obviously decided to speak out. by facebook there now what's been easy to miss in the tumble of the last 24 h
there have been dozens of calls from big corporations from apple google some of the big banks like j.p. morgan or goldman sachs and the like but also from the business of home from trade groups and from unions to facebook to exit he actually decided that they will not allowed donald trump to post anything on facebook for the reminder of his terms of what is a little less than 2 weeks so what we're hearing quite a bit is that it's important to protect democracy you already mentioned that it's...
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from entering world war i and murdered his wife and shot j.p. morgan junior.sode in 1954 when puerto rican nationalists wounded five congressmen before taking the island's flag. the radical militant group known as weather underground set off an explosive to protest the bombing of laos. a communist group bombed the senate in 1983. in 1998 a mental ill man fired at a check point and killed two capitol police officers. one of the dying officers managed to wound the gunman who was arrested and later institutionalized. >> and those aren't the only attacks. in 1835 a deranged house painter tried to shoot two pistols at president andrew jackson outside the capitol building. the guns misfired and in 1856, congressman preston brooks attacked abolitionist senator charles on the floor after the senator gave a speech criticizing slavery. it took him three years to recover and return to congress and wait for this brooks resigned but was reelected. >>> and coming up tonight on abc 7 news at 6:00. >> a bay area man tests negative for covid so why did the state of california
from entering world war i and murdered his wife and shot j.p. morgan junior.sode in 1954 when puerto rican nationalists wounded five congressmen before taking the island's flag. the radical militant group known as weather underground set off an explosive to protest the bombing of laos. a communist group bombed the senate in 1983. in 1998 a mental ill man fired at a check point and killed two capitol police officers. one of the dying officers managed to wound the gunman who was arrested and...
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Jan 28, 2021
01/21
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i know j.p. morgan entered the u.k. market. how do you see that developing? there countries where you will retrench from and others where you will ramp up operations? dr. weber: so we just delivered very strong results. we often deal with the banks, and, you know, rightly so, because ubs has three features that matter to your question. the first one is, you know, we are very focused to get through this pandemic. that is our prime focus. the second issue is, beyond that, we are working from a very strong homebase in switzerland, and the swiss bank as some of the anchor of our success and continues to be. we do retail and a lot of corporate interest in the banks outside switzerland. i do not see that changing, your question about j.p. morgan, i do not see that changing. our focus is on the home market. in the home market, you need to be the dominant player, and this will happen at increasing numbers internationally, rollout, retail, business, funded by a strong homebase. everyone, get dressed warmly, because that headwind is going to continue for retail giants
i know j.p. morgan entered the u.k. market. how do you see that developing? there countries where you will retrench from and others where you will ramp up operations? dr. weber: so we just delivered very strong results. we often deal with the banks, and, you know, rightly so, because ubs has three features that matter to your question. the first one is, you know, we are very focused to get through this pandemic. that is our prime focus. the second issue is, beyond that, we are working from a...
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Jan 10, 2021
01/21
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FBC
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invest with the expertise of j.p. morgan, either with an advisor or online, through chase.er all, it's yours. chase. make more of what's yours. ♪ ♪ ♪ ♪ dad i got a job! i'm moving out. [laugh] dream sequence ending no! in three, no! two, keep packing! one. aso the national eye instituteon did 20 years of clinical studies on a formula only found in preservision. if it were my vision, i'd ask my doctor about preservision. it's the most studied eye vitamin brand. if it were my vision, i'd look into preservision. only preservision areds2 contains the exact nutrient formula recommended by the nei to help reduce the risk of moderate to advanced amd progression. i have amd. it is my vision so my plan includes preservision. [textcdrone714:spoken] open the door! cam! come, on cam, open the door. when you think of miami you think of,you know,rich,glamour but 5 miles away from the beach there's people who have never seen a beach. i was confused why somebody was in this situation especially in america. ♪music:oooh,oooh,oooh so when i started joshua's heart foundation it was a key thing
invest with the expertise of j.p. morgan, either with an advisor or online, through chase.er all, it's yours. chase. make more of what's yours. ♪ ♪ ♪ ♪ dad i got a job! i'm moving out. [laugh] dream sequence ending no! in three, no! two, keep packing! one. aso the national eye instituteon did 20 years of clinical studies on a formula only found in preservision. if it were my vision, i'd ask my doctor about preservision. it's the most studied eye vitamin brand. if it were my vision, i'd...
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invest with the expertise of j.p. morgan, either with an advisor or online, through chase. after all, it's yours. chase. make more of what's yours. some things are good to know. like where to find the cheapest gas in town and which supermarket gives you the most bang for your buck. something else that's good to know? if you have medicare and medicaid you may be able to get more healthcare benefits through a humana medicare advantage plan. call the number on your screen now and speak to a licensed humana sales agent to see if you qualify. learn about plans that could give you more healthcare benefits than you have today. depending on the plan you choose, you could have your doctor, hospital and prescription drug coverage in one convenient plan. from humana, a company with nearly 60 years of experience in the healthcare industry. you'll have lots of doctors and specialists to choose from. and, if you have medicare and medicaid, a humana plan may give you other important benefits. depending on where you live, they could include dental, vision and hearing coverage. you may also
invest with the expertise of j.p. morgan, either with an advisor or online, through chase. after all, it's yours. chase. make more of what's yours. some things are good to know. like where to find the cheapest gas in town and which supermarket gives you the most bang for your buck. something else that's good to know? if you have medicare and medicaid you may be able to get more healthcare benefits through a humana medicare advantage plan. call the number on your screen now and speak to a...
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Jan 11, 2021
01/21
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FBC
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lawmakers against the certification of the electoral college, marriott who donated to josh hawley, j.p. morgan chase, also pulling that, ceo jamie dimon said in a statement obtained by fox business, i strongly condemned the violence taking place in our nation's capital this is not who we are and the people as a country we are better than this. he also added elected officials have a responsibility to call for an end to the violence and accept the result, morgan stanley by the way and microsoft said contributions initially but they will assess the implication of the events from last week, american express is reviewing all future political contributions, dow suspended all corporate employee contributions to any member of congress who again voted to object to the certification of the presidential election in an election cycle to be clear it can be a long time and senators, facebook pausing all contributions for the quarter and then they will do review mastercard and forward to spending donations, i told our colleague charles payne if there's any company that will continue to make political contrib
lawmakers against the certification of the electoral college, marriott who donated to josh hawley, j.p. morgan chase, also pulling that, ceo jamie dimon said in a statement obtained by fox business, i strongly condemned the violence taking place in our nation's capital this is not who we are and the people as a country we are better than this. he also added elected officials have a responsibility to call for an end to the violence and accept the result, morgan stanley by the way and microsoft...
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invest with the expertise of j.p. morgan, either with an advisor or online, through chase.e. make more of what's yours. . elizabeth: okay. let's welcome back to the show former fbi deputy assistant director danny. we love having you on. our demonstrations possibly moving out of d.c. or do you see more unrest in washington coming? we are now tracking 13 states. it is not contained to one area of the country. thirteen states seeing unrest. what do you think? >> i think we will see more of it. we learned a lesson from seattle and portland that it is okay to riot. we have officers there assaulted every night. no prosecutions came out of that law enforcement is important. we have to fund it properly. the capitol police are not. we did not prosecute anybody. game on. >> we are talking colorado, oregon, washington state, minnesota, michigan, mississippi, oklahoma, florida, arizona california. we are spot checking and seeing unrest. we are seeing in certain states that state capitals have been surrounded. people taking to the streets of los angeles outside of city hall. they went t
invest with the expertise of j.p. morgan, either with an advisor or online, through chase.e. make more of what's yours. . elizabeth: okay. let's welcome back to the show former fbi deputy assistant director danny. we love having you on. our demonstrations possibly moving out of d.c. or do you see more unrest in washington coming? we are now tracking 13 states. it is not contained to one area of the country. thirteen states seeing unrest. what do you think? >> i think we will see more of...
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Jan 18, 2021
01/21
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KGO
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invest with the expertise of j.p. morgan, either with an advisor or online, through chase., it's yours. chase. make more of what's yours. >>> a professional tennises player has come up with a constructive w pasth men quarantine he's getting into practice against, yes, a mootress.asdwo flight failed a covid test. so, he's practicing to the song "eye of the tiger." whatever works. that's it >>> tonight, as the nation prepares for the transition of power, the new video, the clearest look yet at what happened inside the deadly capitol siege. the stunning new footage from "the new yorker" showing pro-trump supporters as they stampede past police telling officers, quote, you are outnumbered. the raging mob rushing into the senate chamber. never-before-seen footage of what they said and did inside the capitol. outside, the chilling threats of more violence. one man telling the crowd, quote, we are at war and storm your own capitol building. because of that, the nation on edge. 25,000 national guard troops moving into washington, d.c. less than 72 hours before president-elect biden
invest with the expertise of j.p. morgan, either with an advisor or online, through chase., it's yours. chase. make more of what's yours. >>> a professional tennises player has come up with a constructive w pasth men quarantine he's getting into practice against, yes, a mootress.asdwo flight failed a covid test. so, he's practicing to the song "eye of the tiger." whatever works. that's it >>> tonight, as the nation prepares for the transition of power, the new video,...