as for these tokens that token replicates goldman sachs morgan stanley etc in terms of investment that you functions at roughly one fifteenth the cost of that much these tokens or have them platforms that they rest on or have particular uses and many of them the ability ability. by a very very large amount but because it has the lion's. media attention it's interesting to see what happens as the media learns about. what is available and what is possible then you'll see real investment you'll see real returns if you missed the boat because. twenty cents to four thousand you may just see the tip of the iceberg. so even though it's hit record highs i mean usually when that happens with anything the price tends to readjust so you don't think it's going down. it will go down just like it went up going down going up you know it's the scheme of things and looking up because i'll give you a quick listen ok the. primary factor is the varying digital less it talk and you have utility value basically how much like this gas this gas has utility value with that holds a liquid and that's going to ta

i don't care if it's goldman sachs, morgan stanley, bank of america, citi, jp morgan, i like most all of those, own many of those. talking about, what was there something to buy, last week on friday after the big down-swoon on thursday, friday i grabbed some red hat i continue -- i think that's one of those where i'm just looking for opportunities in the marketplace. i wanted to see what's going to get pressed down it got down toward 95, now it's closer to 100. i think there are other names out there as well. i actually dipped into nvidia today after it made this big pullback we'll see how the things work out. i think opportunities only come and got to look at those -- >> what's left to buy here, guy, at these levels? >> we talked about 300 being the breakout level, well, a few months ago, now broke through 300, traded up about 330 or so basically came all the way back. i think it actually helps. i think biotech, if you look at underlying stocks like, you know, some of these names, jazz, celge celgene, they put in bottoms in the short term >> what can you consider value with markets a

frankfort currently seems to be leading the race with the likes of morgan stanley citigroup and goldman sachs already saying they'll move part of their operations there. yet london shouldn't expect a full on financial exodus. many of these transfers will happen progressively. and will only represent a fraction of the seven hundred fifty thousand people currently working in finance and banking. in the british capital. rail let's check in with the markets now wall street was trading down after donald trump threatened a government shutdown. all major indexes were in the reddish short while ago dow jones down nearly three tenths of a percent. after its best performance since in since april on tuesday excuse me. european markets also slipped the session after a solid rally on tuesday as well. frankfurt and paris both close down my london's footsie was completely flat. british advertising giant wpp saw its shares slump nearly eleven percent. after the company cut its full year revenue forecast. two new players are stepping up to the plate to challenge amazon in the voice shopping market. google and

federal prosecutors they're playing tennis with morgan stanley and goldman sachs guys after work every day they're good guys they're my friends oh these big kids they're the bad guy that's what it comes out to that's not fair it's not a conspiracy where you're standing there going you stating is the fact if we're going to play favorites here and these some of these banks have whittled away into the system as systemically vital that they're beyond prosecution and john titus as if they don't they're the other side all the plaza peter jump to the other side or soon as my case is over he's now a criminal defense lawyer ok so when i tell her you've got to reinvent yourself and you're done a lot of the space and you are promoting crypto and it's something that is near and dear to your heart and of course and it's a revolutionary technology and. well i guess i know we might not have time actually to talk about what you're doing next i want to talk with other things pretty importantly. did all the i.c.l. as we're talking about i.c.'s are done on a theory. how does the theory of fit into the cr

federal prosecutors they're playing tennis with morgan stanley and goldman sachs guys after work every day they're good guys they're my friends oh these big point kids they're the bad guys that's that's what it comes down to that's not fair it's not a conspiracy where you're standing there going you studying is the fact if we're going to play favorites and these some of these banks have whittled away into the system a systemically vital that they're beyond prosecution and john titus says if they don't there the other side all the plaza peter jump to the other side or soon as my case is over he's now a criminal defense lawyer ok so when i tell her you've got to reinvent yourself and you're done a lot of the space and you are promoting crypto and it's something that is near and dear to your heart and of course and it's a revolutionary technology and. well i guess i know we might not have time actually to talk about what you're doing next i want to with other things pretty importantly . that all the i.c.a.o. is were talking about i.c.'s are done on a theory. how does the theory of fit int

federal prosecutors they're playing tennis with morgan stanley and goldman sachs guys after work every day they're good guys they're my friends oh these big kids they're the bad guys that's what it comes down to that's not fair it's not a conspiracy where you're standing there going you stating is the player to play favorites and these are some of these banks have whittled away into the system a systemically vital that they're beyond prosecution and john titus as if it's something on the other side all the plaza peter jump to the other side or soon as my case is over he's now a criminal defense lawyer ok so when i tell her you've got to reinvent yourself and you're done a lot of the space and you are promoting crypto and it's something that is near and dear to your heart and of course and it's a revolutionary technology and. well i guess i know we might not have time actually to talk about what you're doing next i want to talk with other things pretty importantly. that all the i.c.a.o. is were talking about i.c.'s are done on a theory. how does the theory of fit into the crypto univers

federal prosecutors they're playing tennis with morgan stanley and goldman sachs guys after work every day they're good guys they're my friends oh these big kids they're the bad guys so that's that's what it comes down to that's not fair it's not a conspiracy where you're standing there going you stating is the fact a player to play favorites and these some of these banks have whittled away into the system a systemically vital that they're beyond prosecution and john titus says if they don't there are the other side all the plaza peter jump to the other side or soon as my case is over he's now a criminal defense lawyer ok so when i tell her you've got to reinvent yourself and you're done a lot of the space and you are promoting crypto and it's something that is near and dear to your heart and of course and it's a revolutionary technology and. well i guess i know we might not have time actually to talk about what you're doing next i want to with other things pretty importantly . that all the i.c.a.o. is were talking about i.c.'s are done on a theory. how does the theory of fit into the

soros sold out of goldman sachs and moore capital eliminated morgan stanley third point dissolved its in jpmorgan and duquesne got rid of bank of america on the flip side, berkshire hathaway disclosed a stake in synchrony financial. he sold out of ge during the quarter. we saw a lot of hedge funs take money off the table in f.a.n.g.s, es ppecially in amazn tiger pared back their holdings in f.a.n.g jana took a stake in blue apron. there was snap jana, third point, appalossa and moore sold out of snap in the quarter. >> this move in banks is fascinating. the bigger pullback they experienced was end of q1, start of q2. the timing of when this happened is the secret we want to know the answer to, as to whether they decide to go back in again. >> that's the question with these things they're delayed information, as of june 30th you have to think of the move in the three months prior to june 30th as to what they were thinking during that time. it's interesting, as we pored through the different filings, there were certain winners and losers more people interested in b of a, and jpmorgan. a

soros sold out of goldman sachs as did moore capital which eliminated morgan stanley and slashed staken boa third point slashed its stake in jpmorgan and duquesne got rid of bank of america. berkshire hathaway disclosed a new stake in synchrony financial. we saw a lot of hedge funds take money off the table in f.a.n.g.s, especially amazon tiger management and tiger global pared back f.a.n.g. holdings only one hedge fund we track took a stake in blue apron ja jana then there was snap. jana, third point and appalossa completely sold out of snap during the quarter >>> the next apple watch continue need to be linked to the iphone to make calls or stream music that's according to a cnbc source who says the product will be released in september apple has already announced plans to release watch os4, the wearable operating system in the fall >>> and apple and aetna have held secret talks about possibly providing the apple watch to the insurance company's clients. aetna already offers the wearable technology to employees, but it is considering extending the offer in a push to increase consumer

you have morgan stanley saying vote.ld get that 5-3 goldman sachs saying the same. it could be 5-3. nomura saying the bank of england could surprise today and hike rates. the consensus is for it to be 6-2, rates unchanged. why? we had that slowdown in inflation for june to 2.6%, still above target, but a slowdown nonetheless. then there is the growth coming in at a meager 0.3% and crucially, wages still underperforming inflation. much, nejraanks so cehic, at the bank of england throughout the day. we will bring you that bank of england rate decision, the minutes of the meeting, and inflation report at midday u.k. time. and we will have governor mark carney's conference. bloomberg users can follow all of that on top live . our guests. in thank you both for joining us. you were governor right now, how would you look at it? there was a decision from the governor to sound a lot more hawkish in portugal. is it because he has raised the hike or just because he wants to market to believe it? simon: yeah, it is clearly going to be an interesting meeting. what the bank is worried about i

my top three picks are morgan stanley, morgan stanley, you can pull that up, and you can see what the stock's done in those five years i see a little bit of that in goldman sachsow. fixed income trading, it's lumpy, you have good quarters, you have bad quarters, people extrapolate the short term too much, in fact, this is the first time we've picked goldman over morgan stanley goldman since the ipo, they've had organic twice as fast with about half as much earnings volatility yet they trade at a less expensive price than morgan stanley. >> it's good to have you back. congrats on the new gig. and that you'll continue to give us your points of view on the banks. >> great, thank you. >> wells fargo securities, mike mayo >>> shares are pulling back today, they are surging though more than 180% over one year earnings out after the bell. josh owns it, our desk debates it it next on halftime for your heart... your joints... or your digestion... so why wouldn't you take something for the most important part of you... your brain. with an ingredient originally found in jellyfish, prevagen is now the number one selling brain health supplement in drug stores nationwide. p

that has been flagged by the likes of analysts at morgan stanley, bank of america, goldman sachs, wonderingwill make their september crescendo. october?e pushed into will it be pushed into the fiscal first quarter, instead? if we see anything less than that 5% uptick in revenue come if we see earnings per share fall short, that could signal some sort of delay. i want to take you to the bloomberg and look at fa. this is why it is so crucial. the new iphone, because it is 62% of the revenue of apple -- next comes the services part of the business at 13%. julia: i want to ask you very quickly when it comes to this -- china, i want to talk about if we get-- stronger-than-expected results for the iphone, it could mean that people are not putting off or delaying their purchases of the next iphone. they are actually going with this one. do think that could be some sort of counter indicator for investors? mark: it would be interesting to see if people are still buying it. looking to china, there are people who might be on the iphone 6 and 6s. they had huge super cycles with the iphone plus in china

merrill lynch, you were probably irish catholic and if you worked at goldman sachs, you were jewish and if you worked at morgan stanley, you were white, protestant catholic that's probably not true anymore. >> very, very significant context, michelle. i quite agree. jamie there talking about jpmorgan itself, saying 3 of 9 of the executive committee are women. over 30% of his direct reports are. admitting there is more work to be done on that for him too. >> did you want to say something? >> no. this movement towards racial equality shouldn't be such a hot topic. it should be a topic every day it shouldn't be today's topic. i am still confused on why we aren't making it a bigger priority from the beginning as opposed to after the fact. >> what do you do in your companies and where do you stand on racial and gender diversity >> i don't think about it a lot. we hire great people we look for more females than males by design. i happen to believe that fee mea females are better in a sales oriented position. i don't want to hire specifically people because of who they are or what they look like i want to find qualified peop

shares in baxter banks were unloved by hedge funs soros sold out of goldman sachs as did moore capital which eliminated morgan stanley slashed stake in b of a. third point dissolving stake in jpmorgan and duquesne getting rid of bank of america then there was snap. jana, third point, appalossa and moore capital sold out of snap in the quarter those shares are sharply higher after an increase in yesterday's session. this morning getting love from canter fitzgerald. >>> coming up a big exclusive interview, soundcloud securing a last-minute funding round to stay in bbusiness. the company's new ceo will join us mequawk box" returns in a mont stay with me, mr. parker. when a critical patient is far from the hospital, the hospital must come to the patient. stay with me, mr. parker. the at&t network is helping first responders connect with medical teams in near real time... stay with me, mr. parker. ...saving time when it matters most. stay with me, mrs. parker. that's the power of and. when you're clocking out. sensing your every move and automatically adjusting to help you stay effortlessly comfortable. there. i can also

we are seeing some new highs in the financials so you've got morgan stanley at a new high right now, goldman sachs a lot of the big insurance names are sitting at 52-week highs and amex is at a 52-week high that's mattering and some of the industrials are doing very well. >> and had some consistency to it. >> industrials at new highs, deere and honeywell, all the defense names, raytheon, so the answer is with the help is we'll see new leadership in the next couple of weeks to replace the semiconductors and the f.a.n.g. names that have been falling back a little bit in the last few days >> 22,081, as we're literally having the conversation. >> you, too. >> second hour of the bell now >> thank you, scott. welcome to "closing bell," everybody. i'm kelly evans. for yet another day the dow is finishing at a record high on wall street. today's high water mark is 22,084 with a 58-point gain. of course, we'll see how that all shakes out it continues its hot streak for those blue chips, and today everybody else participated, too. dow about a quarter percent and paced higher by the financials in particular.

jpmorgan and morgan stanley would benefit most from changes proposed by the trump administration. goldman sachsing the smallest percentage increase. corporate japan is urging prime minister shinzo abe to use the current wrong of economic growth to tackle national debt and raise the sales tax. the government approval rating fell earlier this year and a lawmakers want the tax i canceled. however, mitsubishi chemical chairman says difficult times, difficult measures should be tackled in the good times and the government must not waver. something clearing up after typhoon hassle. the storm was the most powerful to hit hong kong in five years and is blamed for at least three deaths in macau. jp morgan is warning the gaming revenue may be affected as some casinos lost power and the city's water and mobile phone systems were damaged. several leading hotel services say checking services will remain shot on thursday. global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. i'm shery ahn. this is bloomberg. yvonne: thank you. time to see how the asian mar

staying on your money, morgan stanley says buy the dip. however, goldman sachsng for. you've got to wait some more. look who's here, new york times best selling author of "the american mojo: lost and found," his name is peter kiernan. he's with us this morning. so have we not gotten to the dip yet and should watch out for it, or should we buy the dip we've already got? >> the guns of august, right? everybody's looking for when you buy the bottom, and you will not find it. i think there's plenty of room for the downside here, but i wouldn't worry too much, because the two or three things that drive a market are good. global growth, great. japan, italy, many places growing base metals, coppers up 20% this year. stuart: yep, yep. >> these indicate continued growth. how are the earnings in the united states? not too bad. a little mixed this quarter but still very strong. these are the things that drive a growing market. stuart: so a lot of our viewers invest in indexes, you know, they'll buy the dow, the s&p 500, the index. >> yes. stuart: it's a safe way of buying

goldman sachs reaffirming the 418-point slide that we saw over the last two weeks. they say it's not the beginning of a correction. keep calm. morgan stanleyling its clients to buy on the dip. adding the bull market checklist to remain intact. carry on. so does the market have those legs? or are we just being a little too optimistic? well, let's get right to the floor show. we've got traders as always in the new york stock exchange and the cme group. let's again with teddy, who's probably parked his big motor boat at the south seaport just to run in and talk to us, which i'm always grateful for, teddy. so where does it all go from here? why the big jump today? it's not because president trump used a prompter last night, is it? >> well, i think it's a combination of things. but it is as you point out interesting. last week we looked like we were on our way to zero, and here we are. we haven't quite recovered everything we gave back last week, but certainly we're two-thirds of the way home. i think it's the prospect once again of some tax relief from washington, certainly goldman's comment to morgan sustainable's comments don't hurt. and the

we have morgan stanley thing that andy halliday who turned into a surprise hawk in a separate speech could swing the vote to 5-3 and goldman sachsredicting a 5-3 vote. number of standing out and saying we could get a surprising get a rate hike today. most economists expecting it to be 6-2. matt: thank you. outside the boe. we will see that announcement at 1:00 you take -- u.k. time. there has been a significant shift in's the last time, is the market going to be caught here flat-footed or are we going to -- have we seen everything communicated fairly clearly through the data? mark: i am not sure we have. there was a clear signal in june that there might be rate hikes coming and the market started positioning that way. given the data we have seen we have seen an unwinding of some of those bets but the market is thinking the risk reward is for surprise or possible hike. many banks are calling for a split vote which is seen at a hike coming today but it might be coming imminently. the majority view is still 6-2 that they will stay on hold create i find it hard to believe the hike, at the same time they will be lowering growth forec