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Nov 11, 2015
11/15
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j.p. morgan chase thinks it is a done deal. standard chartered saying something unexpected and surprising would have to occur for china to miss out on approval. it could be the plot of a bond movie. eight shadowy web of stock manipulators and online considers. american prosecutors described a widespread, multiyear criminal enterprise that helps financial companies steal information. suspects have been identified, conspirators in more generateden countries hundreds of millions of dollars with stock schemes and online gambling. the hackers also falsified passports and took control of a new jersey credit union. the global network stretched from the middle east to the u.s. itself. will try to get you back to the singles day headquarters at alibaba, which g.s moved to beijin where are we now? have you found a bargain yet? no time to shop. i'm just trying to hear everything happening. we are here exclusively this morning, where allie bobbitt is using this as their nerve center for singles date shopping extravaganza. it's a getting a
j.p. morgan chase thinks it is a done deal. standard chartered saying something unexpected and surprising would have to occur for china to miss out on approval. it could be the plot of a bond movie. eight shadowy web of stock manipulators and online considers. american prosecutors described a widespread, multiyear criminal enterprise that helps financial companies steal information. suspects have been identified, conspirators in more generateden countries hundreds of millions of dollars with...
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Nov 4, 2015
11/15
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KWWL
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i remember going back and forth about j.p. morgan. only one line, the trading line, could have been termed a disappointment. doesn't matter. everybody said, woe is me. collision course with the late september lows. no. incredibly, it turned out to be an amazing buying opportunity for the stock of j.p. morgan. the stock of the bank pirouetted and jumped 10%. i think this was the quarter, the earnings season when investors finally decided that even without t t fed raising rates, these banks are just too cheap. the groups are going to skyrocket. perhaps the most amazing moves, the oil. not only had this group been heavily shorted, people betting against it. the chatter was all about credit crunch, dividend cuts, $30 oil. while it's true that a handful of smaller oil companies are struggling, they're so small we why? because we were afraid of a looming dividend stock. marathon's stock has when the worst you could expect actually happens and a stock goes higher on that worse than you can expect news, you can only imagineow high its exerts
i remember going back and forth about j.p. morgan. only one line, the trading line, could have been termed a disappointment. doesn't matter. everybody said, woe is me. collision course with the late september lows. no. incredibly, it turned out to be an amazing buying opportunity for the stock of j.p. morgan. the stock of the bank pirouetted and jumped 10%. i think this was the quarter, the earnings season when investors finally decided that even without t t fed raising rates, these banks are...
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and why j.p. morganl be forced to pay $100 million to be forced to pay $100 million to customers. be forced to pay $100 million to customers. my name is jamir dixon and i'm a locafor pg&e.rk fieldman most people in the community recognize the blue trucks as pg&e. my truck is something new... it's an 811 truck. when you call 811, i come out to your house and i mark out our gas lines and our electric lines to make sure that you don't hit them when you're digging. 811 is a free service. i'm passionate about it because every time i go on the street i think about my own kids. they're the reason that i want to protect our community and our environment, and if me driving a that truck means that somebody gets to go home safer, then i'll drive it every day of the week. together, we're building a better california. >> i know you have heard of the snow. now we will see it in action, snow showers in lake tahoe at heavenly. a couple of areas are opening, including on friday and mount rose tomorrow. we will have snows
and why j.p. morganl be forced to pay $100 million to be forced to pay $100 million to customers. be forced to pay $100 million to customers. my name is jamir dixon and i'm a locafor pg&e.rk fieldman most people in the community recognize the blue trucks as pg&e. my truck is something new... it's an 811 truck. when you call 811, i come out to your house and i mark out our gas lines and our electric lines to make sure that you don't hit them when you're digging. 811 is a free service....
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Nov 11, 2015
11/15
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BLOOMBERG
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j.p. morgan's nightmare is your nirvana. what does that do for your margin? what are your margins?u in protection mode that you would be able to really hold on to those margins? you got the products, we needed. you can charges if it is good enough. the thing about security is that it's not a spike right now. there is no sense that is going to slow down anytime soon. security is the flipside of this enormous benefit that we have from a connected world. i saw a statistic that we now have more active mobile devices than people on the planet. there are 7.5 billion active mobile devices on the planet. 3 billion people access the internet. in numerous benefit to society but with that comes the darker side of cyber crime and criminals taking advantage. that is the opportunity we have to protect millions of organizations around the planet. we feel like we're just game started. manus: what is the paradigm for protecting ourselves? many of our viewers work in the markets. they have mobile devices. affecting ourselves, are we to which we extent need to spend money on protecting ourselves? kri
j.p. morgan's nightmare is your nirvana. what does that do for your margin? what are your margins?u in protection mode that you would be able to really hold on to those margins? you got the products, we needed. you can charges if it is good enough. the thing about security is that it's not a spike right now. there is no sense that is going to slow down anytime soon. security is the flipside of this enormous benefit that we have from a connected world. i saw a statistic that we now have more...
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Nov 11, 2015
11/15
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CNNW
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he's created 1300,000. >> navy veteran joined j.p. morgan in 2009. he helped recruit troops off the battlefield into corporate america. >> it's their pump to defend the company. it's difficult to know what your options are when you leave the military. >> what is not in the manual that you would aurnlg vl urge hiring managers to do earlyen. >> early on, have patience. realize again the types of stresses that these veteran versus had when they were in service and look beyond that the real tangibles that will make them a wonderful employee over time. they will have had leadership opportunities early on in their career. they're eminently trainable. >> the vice president rans are among the best in america and they have been carrying a tremendous burden. we want to bring them back na society. give them jobs. the mission has been a wonderful thing for the company and the veterans. >> some of the other companies, pepsico, southwest airlines and gm resorts, banning together to bring veteran unemployment rates down even further. zplmpl zplmplts. >>> a new prob
he's created 1300,000. >> navy veteran joined j.p. morgan in 2009. he helped recruit troops off the battlefield into corporate america. >> it's their pump to defend the company. it's difficult to know what your options are when you leave the military. >> what is not in the manual that you would aurnlg vl urge hiring managers to do earlyen. >> early on, have patience. realize again the types of stresses that these veteran versus had when they were in service and look...
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Nov 16, 2015
11/15
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BLOOMBERG
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stephanie ruhle there with her special guest, the ceo of j.p. morgan asset management at the robin hood in new york. we will speak with the managing partner at k capital management. still ahead, stocks are rebounding and a big way following those terror attacks in paris between will take a look at how markets respond historically two major world events. betty: it is time for the bloomberg business flash get some of the biggest business stories in the news right now. -- seeking an immediate court order allowing new york operations to continue. the state's attorney general recently served them cease and desist orders, say they were running illegal gambling operations. a statewide ban could cost them $35 million in annual revenue. a maryland congressman met -- compass minerals to value that was question employees. they want to focus on allegations that a group of valiant employees helped launch the mail order. requesting the interview. you can always get more business news at bloomberg.com. much more ahead on bloomberg. we are heading to the close this fi
stephanie ruhle there with her special guest, the ceo of j.p. morgan asset management at the robin hood in new york. we will speak with the managing partner at k capital management. still ahead, stocks are rebounding and a big way following those terror attacks in paris between will take a look at how markets respond historically two major world events. betty: it is time for the bloomberg business flash get some of the biggest business stories in the news right now. -- seeking an immediate...
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Nov 10, 2015
11/15
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WCBS
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. >> the records of more than 83 million customers were stolen from j.p. morgan customers. the fbi put out this of the suspect who was born in maryland. he's believed to be living in moscow, the alleged ringleader of the enterprise and the third suspect are both in custody in israel. >> they are not your traditional hackers. these aren't the very sophisticated hackers sitting over in eastern europe. >> austin sheaded up the fbi's investigation into the j.p. morgan breach. >> these are fraudsters criminals who most likely need assistance from someone more technical to accomplish these hacks. >> so they got the scheme and probably have someone else to carry it out? >> yes. >> prosecutors describe a complex scheme? whoip the hackers pumped up the volume of pen nip stocks. they dumped the stocks at inflated prices making tens of millions in illegal profits. >> in our view, the conduct show cases a brave new world of hacking for profit. >> experts say if your personal information was hacked, you will be alerted. >> the company is mandated to notify you. >> things like social sec
. >> the records of more than 83 million customers were stolen from j.p. morgan customers. the fbi put out this of the suspect who was born in maryland. he's believed to be living in moscow, the alleged ringleader of the enterprise and the third suspect are both in custody in israel. >> they are not your traditional hackers. these aren't the very sophisticated hackers sitting over in eastern europe. >> austin sheaded up the fbi's investigation into the j.p. morgan breach....
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Nov 10, 2015
11/15
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the lessons learned from j.p. morgan♪ one of the biggest cyberattacks in recent years, three men have allegedly been charged with busting 12 financial institutions, including j.p. morgan. the cyber criminal ring allegedly stole 83 million customer records from the bank and several other financial institutions. federal prosecutors are calling ft ofhe largest the customer data from a financial institution in history." joining me now from san francisco, brian white of red owl analytics. what is unique about these charges? >> this one is interesting because it demonstrates you have a criminal enterprise operating in cyberspace. as thek about cyber chinese, and this is a criminal enterprise led by an israeli with partners in russia and china to engage in activities to gain money. they are seeking financial gain. cory: imagine that, people on the internet seeking financial gain. what was their technique? what do we know about that? >> it is ingenious. they were essentially compiling millions and millions of customer records fr
the lessons learned from j.p. morgan♪ one of the biggest cyberattacks in recent years, three men have allegedly been charged with busting 12 financial institutions, including j.p. morgan. the cyber criminal ring allegedly stole 83 million customer records from the bank and several other financial institutions. federal prosecutors are calling ft ofhe largest the customer data from a financial institution in history." joining me now from san francisco, brian white of red owl analytics....
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Nov 26, 2015
11/15
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BLOOMBERG
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j.p. morgan came out with an estimate for what they could do with that dividend. a quick look at other movers there. japan,uppliers in declines. back to you. after private capital expenditures suffered its deepest decline, is this part of australia's rebalancing? the numbers were certainly pretty awful, down 9.2% for the quarter, the biggest fall since records began in 1989. the economy is rebalancing. it was telling that the biggest declines were in mining and investment, down 10.4%. it was a broad-based collapse. buildingke a look at investment and structures, down 9.2%. plant and machinery equipment investment, 8.4% down. it was fairly broad-based. the obvious question is, are these cuts to the cash raked from the reserve bank spurring non-mining investment. the answer to that would have to be no. there has been a tremendous amount of commentary domestically about these numbers. the consensus is that the country is halfway through this transition away from the mining boom. future expectations for capital expenditure were up 4%. immediately, the australian dolla
j.p. morgan came out with an estimate for what they could do with that dividend. a quick look at other movers there. japan,uppliers in declines. back to you. after private capital expenditures suffered its deepest decline, is this part of australia's rebalancing? the numbers were certainly pretty awful, down 9.2% for the quarter, the biggest fall since records began in 1989. the economy is rebalancing. it was telling that the biggest declines were in mining and investment, down 10.4%. it was a...
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Nov 13, 2015
11/15
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BLOOMBERG
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joe: joseph lupton is a senior economist at j.p. morgan.ears about global deflation are overblown. all the deflation talk is garbage. why do you think it is not as much of a thing to worry about and inflation will pick up next year? >> i think there is a large impulse working through the system that is coming from commodity prices. over a year ago, and line inflation rates have fallen about a percentage point in line with the huge collapse in commodity prices. that is a pretty easy call to say you are going to start to see things bottoming. we think they are bottoming in september-october. those over a year, inflation rates should start moving up with significantly. at the global level, a percentage point over the coming year. commodity fluctuations are driving a big part of the headline numbers. i think they are part of the fear. i don't want to be so dismissive of the underlying fears of deflation or disinflation, but the big moves are a commodity story unless we are talking about another 40% collapse in the price of oil. i think that is
joe: joseph lupton is a senior economist at j.p. morgan.ears about global deflation are overblown. all the deflation talk is garbage. why do you think it is not as much of a thing to worry about and inflation will pick up next year? >> i think there is a large impulse working through the system that is coming from commodity prices. over a year ago, and line inflation rates have fallen about a percentage point in line with the huge collapse in commodity prices. that is a pretty easy call...
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Nov 15, 2015
11/15
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WCBS
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pat: you talk about j.p. morgan chase. john: cacic says, as an execive i would figure out how to separate those people who can afford it. >> the -- pat: the problem is j.p. morgan chase has $1 trillion in assets. these guys go down and the other bank's assets are wiped out. it's a house of cards and it call goes down. debate. john: ok. >> i want a government really, really small. is small you can barely see it. i want lower taxes and much more money in the private sector. >> there are more words in the the bible. and not a one of them is as good. >> we have to go to a three-page tax code you lower every rate, close every loophole. john: republicans offered a range of options from revising the tax code to jettisonning it altogether. what's your take on it? >> dream. eleanor: dream on. >> dream on, yeah. it has everything to do with everything but real mathematics. this is a problem. i love carly fiorina's idea of the three-page tax code. but start telling people that means no mortgage deduction, no charity deduction. all th
pat: you talk about j.p. morgan chase. john: cacic says, as an execive i would figure out how to separate those people who can afford it. >> the -- pat: the problem is j.p. morgan chase has $1 trillion in assets. these guys go down and the other bank's assets are wiped out. it's a house of cards and it call goes down. debate. john: ok. >> i want a government really, really small. is small you can barely see it. i want lower taxes and much more money in the private sector. >>...
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Nov 10, 2015
11/15
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BLOOMBERG
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j.p. morgan chase hit by a hack, called the largest bank breach ever.rosecutors announcing criminal charges against 4 men and cute including wire fraud and identity theft. other financial institutions were also targeted. personal information from over 100 million customers was stolen. 2012 to midan from 2015. the fbi and u.s. attorney for the southern district of new york will be holding a live press or in about an hour and we will bring you the latest. scarlet: a new president of the minneapolis reserve, neil cash card -- neel kashkari, who ran m in 2008.rogran he replaces kocherlakota. inx: a 2% increase nondurable goods due to an decrease in farm products. scarlet: we want to check in with julie hyman for a look at apple. and a call on credit suisse. julie: supply chain channel checks done by credit suisse and asia to figure out how demand and apple products is extrapolating. apple has lowered its component orders by as much as 10% according to the firm's asian team. apple shareshat are down by 3%, even though credit suisse is actually keeping its re
j.p. morgan chase hit by a hack, called the largest bank breach ever.rosecutors announcing criminal charges against 4 men and cute including wire fraud and identity theft. other financial institutions were also targeted. personal information from over 100 million customers was stolen. 2012 to midan from 2015. the fbi and u.s. attorney for the southern district of new york will be holding a live press or in about an hour and we will bring you the latest. scarlet: a new president of the...
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Nov 10, 2015
11/15
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WNBC
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hackers charged in a massive cyber attack against j.p. morgan ase targeted five other national institutions. they allegedly stole personal information from more than 100 million people. today in manhattan, the u.s. attorney says they used that data to manipulate stock sales >> it is hacking as a business model. the valuable cyber intrusions helped generate for them tens of millions of dollars in stock fraud proceeds. in a way, it was a curious fraud on cyber steroids. >> the defendants targeted e-trade, t.d. aper trade and news core's dow jones. they were arrested in july in israel. e is still wand by the fbi. w to a consumer alert involving pre paid debit cards. if you are not careful, your money could be stolen. it happened to a new jersey man. he lost $500. here's news 4 reporter linda vaccara. >> they are not linked to a bank account or a line of credit. you load money on the card and can reload as oftens you want. you can spends up to that amount. to settle some of his bills, james kourson turned to a method green dot pre paid card. >> it w
hackers charged in a massive cyber attack against j.p. morgan ase targeted five other national institutions. they allegedly stole personal information from more than 100 million people. today in manhattan, the u.s. attorney says they used that data to manipulate stock sales >> it is hacking as a business model. the valuable cyber intrusions helped generate for them tens of millions of dollars in stock fraud proceeds. in a way, it was a curious fraud on cyber steroids. >> the...
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Nov 11, 2015
11/15
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WBZ
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federal prosecutors charged three men in connection with last year's massive cyber attack against j.p. morgan and other financial institutions. the men allegedly stole the personal information of more than 83 million jpmorgan chase customers. this is described as one of the largest thefts of financial related data in history. prosecutors say the cyberthefts made millions of profits. >>> wireless carrier t-mobile is letting customers stream video from netflix and hbo and other services for free. the plan is called binge on. data plans. in all it includes 24 streaming data services, but you will have to watch and lower 480p resolution. >>> it is singles day in china has has nothing to do with relationship status. it is the world's biggest online shopping day. chinese online retailer alibaba expects to top the billion dollars of sales it made last year. >> not only that, no need to get any bruises because you're not participating in that stampede to the front door. me. stock exchange, thanks a lot, jill. >>> still ahead on our morning newsstand, a security scare. secret service takes down a man
federal prosecutors charged three men in connection with last year's massive cyber attack against j.p. morgan and other financial institutions. the men allegedly stole the personal information of more than 83 million jpmorgan chase customers. this is described as one of the largest thefts of financial related data in history. prosecutors say the cyberthefts made millions of profits. >>> wireless carrier t-mobile is letting customers stream video from netflix and hbo and other services...
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Nov 10, 2015
11/15
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ALJAZAM
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prosecutors say the men were involved in a huge data preach affecting j.p. morgan chase, other major companies and major newspapers, as well. >> students at yale have been marching over a culture of what they say is racial insensitivity. we have more. >> hundreds of students marched to protest what they called racial in tolerance on yale's campus. >> getting more support for mix would studies, more faculty of color on campus. getting people of color into the mental health and counseling system. >> tensions began rising this past summer when some students began pushing to change the name. john c. calhoun residential college. he was a yale grad and u.s. senator in the 1800s who was also one of the nation's biggest proponents of slavery. late last month, there were confrontations over the university request that students and fact come not wear culturally sensitive halloween costumes. on halloween, a student wrote on facebook that she was turned away from a fro tent party after someone told her the event was for white girls only. the fraternity denies that happened. so
prosecutors say the men were involved in a huge data preach affecting j.p. morgan chase, other major companies and major newspapers, as well. >> students at yale have been marching over a culture of what they say is racial insensitivity. we have more. >> hundreds of students marched to protest what they called racial in tolerance on yale's campus. >> getting more support for mix would studies, more faculty of color on campus. getting people of color into the mental health and...
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Nov 11, 2015
11/15
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KMEG
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federal prosecutors charged three men in c cnection with last year's massive ber attack against j.p. morgan and other financial institutions. the men allegedly stole the personal information of more than 83 million jpmorgan chase customers. this is described as one of the largest thefts of financial related data in history. generated hundreds of millions in legal profits which they laundered through at least 75 shell companies and hid in swiss bank accounts. >>> wireless carrier t-mobile is letting customers stream video from netflix and hbo and other services for free. the plan is called binge on. it won't count towards mobile data plans. in all, it includes 24 streaming data services, but you will have to watch in lower 480p resolution. >>> it is singles day in china which has nothing to do with relationship status. it is the world's biggest online shopping day. chinese online retailer alibaba expects to top 9.3 billion dollars in sales that it made last year. to compare, sales for cybermonday which is the biggest online shopping day here in the united states, that hit only 1.3 billion. >
federal prosecutors charged three men in c cnection with last year's massive ber attack against j.p. morgan and other financial institutions. the men allegedly stole the personal information of more than 83 million jpmorgan chase customers. this is described as one of the largest thefts of financial related data in history. generated hundreds of millions in legal profits which they laundered through at least 75 shell companies and hid in swiss bank accounts. >>> wireless carrier...
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Nov 3, 2015
11/15
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KRON
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test tech savvy in america thought by the pet tiger bargained for what >> pam: collection lawsuit j.p. morgan chase legal methods for more than 125 but fell the critical list in correct amounts sold bad credit card debt that bill pay $50 million the customers and to the state and help these riotous hear some significant rainfall with the bay area we certainly need identified. >> reporter: we need some more billing back right into a dry half as an interesting day to day that they're in this morning the impact of the morning commute and then did strong thunderstorms of the afternoon and to the east bay said and done their some showers of and the sierra snow showers tonight as well the blue sphere is due to this means snow high country by 80 cisco also u.s. 50 seeing some light snow this evening no change in requirements were in effect earlier today venters storm warning in effect another hour self. levels of a 5,000 ft. a couple inches accumulation of all seven died. the time lapse from the bay bridge san francisco and the seven they not getting much of the heavy rain of the grave sites for the
test tech savvy in america thought by the pet tiger bargained for what >> pam: collection lawsuit j.p. morgan chase legal methods for more than 125 but fell the critical list in correct amounts sold bad credit card debt that bill pay $50 million the customers and to the state and help these riotous hear some significant rainfall with the bay area we certainly need identified. >> reporter: we need some more billing back right into a dry half as an interesting day to day that they're...
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Nov 12, 2015
11/15
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BLOOMBERG
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david kelly is a chief global strategist at j.p. morgan. our interest in a recent quote for you said there is potential for a recession risk in 2017. isthe first thing to realize the unemployment rate itself is one of the most stable predictors and the economy itself. the unemployment rate comes down to a very steady pace to between half a percent and 1%. this time, it's no different. at .8 per year. a year from now, we will be at 4.2% and april 2017, 3.8%. that's all good news but the other thing that important is in the last 45 years, we've never been low 3.8% to last thing to realize is when the unemployment rate troughs, very often does it follow a recession. it's kind of like when you ride a bicycle slowly, it's easy to get distracted. naturally growl more slowly so it's vulnerable to be put into recession. we could if we got lucky stay at a low employment rate bucking the historical trend. normally when it hits a trough, everyone feels great and within a year from you are in a recession. betty: is that almost always caused by the fed?
david kelly is a chief global strategist at j.p. morgan. our interest in a recent quote for you said there is potential for a recession risk in 2017. isthe first thing to realize the unemployment rate itself is one of the most stable predictors and the economy itself. the unemployment rate comes down to a very steady pace to between half a percent and 1%. this time, it's no different. at .8 per year. a year from now, we will be at 4.2% and april 2017, 3.8%. that's all good news but the other...
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Nov 30, 2015
11/15
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BLOOMBERG
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. + angie: the cohead of asia rates and fx strategy at j.p. morgan chase. >> the first-order flows are very small. any member of the imf will have to shift their allocations away from the other currencies to the renminbi. billion more than $30 to $35 billion. in the longer term, currency where the shares will fall will be the dollar, yen, sterling. these are very big markets. it shouldn't have too much of an impact in my view. angie: that was word from asia on whether the yuan will be granted reserve currency status later today. rishaad: brazilian billionaire has quit as chief executive after being ensnared in the country's widening corruption inquiries. he renounced all his post after the supreme court extended his suspension. he is alleged to have interfered in january. yet denied the accusation. for billion-dollar energy project has its trouble. refusing to sell land to make space for a power plant. they will rule today on whether the president has the power to formally purchased the land. france -- ab-inbev is considering a move to win regularity
. + angie: the cohead of asia rates and fx strategy at j.p. morgan chase. >> the first-order flows are very small. any member of the imf will have to shift their allocations away from the other currencies to the renminbi. billion more than $30 to $35 billion. in the longer term, currency where the shares will fall will be the dollar, yen, sterling. these are very big markets. it shouldn't have too much of an impact in my view. angie: that was word from asia on whether the yuan will be...
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Nov 14, 2015
11/15
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BLOOMBERG
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at some point, they thought it looked like something else at j.p. morgan. fbi officers and prosecutors honed in on the group. it had tentacles around the world. there is an israeli component. servers were in egypt. it has really got many layers. westin saty, david down with moynahan, chief executive at bank of america and we asked him how this effected his company. what we do is we defend. in terms of indictment from one of the things that i see going forward is the cooperation among institutions and governments has continued to move forward. >> i want to turn to tom kellerman to ask what moynahan was talking about. that collaboration. how strong is that and could it be stronger? why is brian moynihan so reluctant to say when he has been targeted? financial institutions need to believe in preserving trust and confidence in the security of their systems but more importantly, the secure that the -- the- the sexed or sector does have collaboration with the government. these hackers are not actually behind bars. mr. and mrs. big behind the syndicate are still w
at some point, they thought it looked like something else at j.p. morgan. fbi officers and prosecutors honed in on the group. it had tentacles around the world. there is an israeli component. servers were in egypt. it has really got many layers. westin saty, david down with moynahan, chief executive at bank of america and we asked him how this effected his company. what we do is we defend. in terms of indictment from one of the things that i see going forward is the cooperation among...
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Nov 14, 2015
11/15
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BLOOMBERG
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prosecutors name suspected hackers for the first time and directly linked them to a cyber attack against j.p. morgant year. joining us is a chief security advisor. let me start with you. ?hat are the ramifications >> he called it breathtaking. that is accurate. this was a crime syndicate, much like the mob of old. into financial institutions and financial publications to collect all kinds of consumer data. including securities manipulation. >> do we have any idea of how they were able to track them down? they were being investigated individually. the early ones included e*trade being investigated out of atlanta. at some point, they said that --ked like some more something similar we were investigating. prosecutors honed in on the group. component.n israeli money was going through cyprus and swiss banks. it has many layers. >> yesterday, my colleague sat down with moynahan and bank of america and asked him how it affects his company. we get hit on occasion. rarely. indictment, one of the think i see going forward is the cooperation between the institutions. we can find the people and take care of it.
prosecutors name suspected hackers for the first time and directly linked them to a cyber attack against j.p. morgant year. joining us is a chief security advisor. let me start with you. ?hat are the ramifications >> he called it breathtaking. that is accurate. this was a crime syndicate, much like the mob of old. into financial institutions and financial publications to collect all kinds of consumer data. including securities manipulation. >> do we have any idea of how they were...
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Nov 11, 2015
11/15
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BLOOMBERG
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yesterday, prosecutors name direct hackers named against the attack against j.p. morgan last year.is a cheap as security officer and any forget of editor of bloomberg who covers white-collar crime. guest: first of all, he used a word that i think is very apt, calling it breathtaking. i think that is very apt. hacking into financial institutions and publications in order to collect all kinds of consumer data against enterprises, including securities manipulation. david: do we have any idea how they found those responsible, how they were able to track them down? being: they were investigated individually at the time, including the one against the trade, and that was being investigated out of atlanta, and they said, wait a minute. another, and prosecutors managed to hone in on the group. it had tentacles around the world, very complicated. there is an israel a component. was flashing through cyprus and swiss banks, and it really has got many, many layers. david: yesterday, they sat down monihavid -- with brian n, and here is what he had to say. ihan: what i see going forward is that i
yesterday, prosecutors name direct hackers named against the attack against j.p. morgan last year.is a cheap as security officer and any forget of editor of bloomberg who covers white-collar crime. guest: first of all, he used a word that i think is very apt, calling it breathtaking. i think that is very apt. hacking into financial institutions and publications in order to collect all kinds of consumer data against enterprises, including securities manipulation. david: do we have any idea how...
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Nov 30, 2015
11/15
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BLOOMBERG
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scarlet: 20 extent you see something similar from j.p. morganman sachs, citigroup, bank of america? michael: goldman has been saying consistently they are holding on and hope to be the one that takes chair when others pulled back. jpmorgan is the biggest fixed-income trader and the perhaps feel a little less pressure than we are seeing today. you might start to see some of the other players go back a little bit. citigroup is bigger than bank of america. business the returns are pretty challenge right now. him at: michael moore thank you so much, breaking the news that morgan stanley is looking -- not shut down, sorry -- planning fixed income cuts of 25% in the next two weeks. of md advisers told erik schatzker and david west and why he thinks a bear market in commodities is not over yet. >> et al. have in your major bull market in commodities that ended in 2011. five years into the current bear market. this is going back to the 1800s. secondly, what i do is a measure of the 10-year range of trade in commodities and i found that bull market endin
scarlet: 20 extent you see something similar from j.p. morganman sachs, citigroup, bank of america? michael: goldman has been saying consistently they are holding on and hope to be the one that takes chair when others pulled back. jpmorgan is the biggest fixed-income trader and the perhaps feel a little less pressure than we are seeing today. you might start to see some of the other players go back a little bit. citigroup is bigger than bank of america. business the returns are pretty challenge...
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Nov 15, 2015
11/15
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BLOOMBERG
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prosecutors name suspected hackers for the first time and directly linked them to a cyber attack against j.p. morgan last year. joining us is a chief security advisor. let me start with you. perhaps you could put this into some context. what are the ramifications? >> he used a word i call very apt, breathtaking. i think that's accurate. this was a crime syndicate, much like the mob of old. that had its tentacles in all kinds of businesses. it was hacking into financial institutions and financial publications to collect all kinds of consumer data. including securities manipulation. >> do we have any idea of how they were able to track them own? it's quite a tale. apparently each one of these hacks, and there were quite a number of them being investigated are at some time. the early ones included e*trade being investigated out of atlanta. at some point, they said that like something else we were investigating a jpmorgan. he came to new york and was consolidated. any group of smart fbi and prosecutors managed to hone in on the group. very complicated. there was an israeli component. servers were in egy
prosecutors name suspected hackers for the first time and directly linked them to a cyber attack against j.p. morgan last year. joining us is a chief security advisor. let me start with you. perhaps you could put this into some context. what are the ramifications? >> he used a word i call very apt, breathtaking. i think that's accurate. this was a crime syndicate, much like the mob of old. that had its tentacles in all kinds of businesses. it was hacking into financial institutions and...
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Nov 11, 2015
11/15
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CSPAN2
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so, i'm going to give a shout out to 7711, bank of america complex so i'm a jcpenney, j.p. morgan wal-mart. there's a lot of other companies, no doubt about it. but these are the ones that have come with the updated programs that are more than just a program. they actually provide work that last and we thank them for that. bank of america merrill lynch is a company that understands hiring the best is more than a more limited. it is good for the bottom line, and if i wanted that sergeant carl white. he took advantage of the g.i. bill and graduated with a degree in finance from usc charlotte. he was a product specialist, i don't know what that means. anyway, he called himself a product sergeant. every day at the office he brings the bag of skills that he learned in the military. i met him there in dallas. you might have heard about him. he's a medal of honor. he put his life on the line to save his buddies. he talked to me about the challenges he faced transitioning. he had what was then diagnosed as ptsd. the symptoms of posttraumatic stress can be tough on veterans and their famil
so, i'm going to give a shout out to 7711, bank of america complex so i'm a jcpenney, j.p. morgan wal-mart. there's a lot of other companies, no doubt about it. but these are the ones that have come with the updated programs that are more than just a program. they actually provide work that last and we thank them for that. bank of america merrill lynch is a company that understands hiring the best is more than a more limited. it is good for the bottom line, and if i wanted that sergeant carl...
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Nov 10, 2015
11/15
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KTIV
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at once and we'll ultimate get it ratcheted down so when stocks don't react to downgrades, like j.p. morgan taking down price targets for macy's, dillard's, and other good stores. you might have thought macys peaked, couldn't possibly get down below 50 bucks. where it tried to stabilize hard last week. re it is down another 6%, yielding 3.1%. two years ago macy's had more than 4 million shares outstanding. now it has 3.1. we don't get a bottom until compared to the past. right now the headwinds are brutal a a there is no sign of a respite on the horizon. sam in illinois. sam. >> caller: booyah, jim. >> caller: that's my son. how are you doing? >> yes, the strong dollar will hurt monster beverage. only if it hurtstshem. coca-cola will buy the rest. this distribution deal they made with coca-cola is much bigger than people realize. you will feel very, very pro that company. how about we go to matt in north carolina. >> caller: ba-ba-ba-booyah. term opinion on panera bread. >> it's been sucking wind. my travel trust knows that. all the e staurants are going down. i think panera 2.0, the revolu
at once and we'll ultimate get it ratcheted down so when stocks don't react to downgrades, like j.p. morgan taking down price targets for macy's, dillard's, and other good stores. you might have thought macys peaked, couldn't possibly get down below 50 bucks. where it tried to stabilize hard last week. re it is down another 6%, yielding 3.1%. two years ago macy's had more than 4 million shares outstanding. now it has 3.1. we don't get a bottom until compared to the past. right now the headwinds...
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Nov 10, 2015
11/15
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CNBC
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authorities unsealed this massive 68-page indictment alleging a global hacking scheme against j.p. morgan, "wall street journal" and a host of other companies and institutions in the united states. this scheme, according to the indictment, involves hacking attempts against major financial companies, attempts to manipulate individual stock prices and also a whole host of other alleged criminal activities including running illegal internet casinos and illegal distribution of pharmaceuticals. a big coin exchange and a host of other activities around the world. the three men indicted here are jerry shalom, jash what samuel aaron and israel, united states and russia. you dive into this, what you see is a picture of a vast global hacking scheme that had pockets in all corners of the world including a server in egypt that was used to allegedly hack into j.p. morgan. and then take a look at this exchange here. this is one of the little bits of color of what life was like inside this conspiracy, algdzly. one of the conspirators asked another one, is it popular in america buying stock? here was the
authorities unsealed this massive 68-page indictment alleging a global hacking scheme against j.p. morgan, "wall street journal" and a host of other companies and institutions in the united states. this scheme, according to the indictment, involves hacking attempts against major financial companies, attempts to manipulate individual stock prices and also a whole host of other alleged criminal activities including running illegal internet casinos and illegal distribution of...
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Nov 11, 2015
11/15
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WMUR
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jean: this is the data breach that threatened the information of 83 million j.p. morgan chase customers. newly unsealed documents showed that two men in israel and one u.s. citizen living in moscow have been charged. they are also suspected of hacking into other financial institutions and brokerage firms and running an illegal bit coin exchange. vizio's new smart tv model will analyze the shows you watch and track activity on your online devices in your house. the data is sent to advertisers. report saying there are strict confidentiality rules. customers can turn off tracking by changing the settings. t-mobile is now offering unlimited mobile streaming video from some select providers. the new binge on feature allows customers to watch as much hbo, hulu, netflix and other services as they want. it won't count against monthly data limits. the service starts this coming weekend. josh: a tech start-up hopes to keep grocery aisles filled full by using a robot. this inventory tracking robot can tell when a product is in a wrong spot or low in supply. the robot tally can scan
jean: this is the data breach that threatened the information of 83 million j.p. morgan chase customers. newly unsealed documents showed that two men in israel and one u.s. citizen living in moscow have been charged. they are also suspected of hacking into other financial institutions and brokerage firms and running an illegal bit coin exchange. vizio's new smart tv model will analyze the shows you watch and track activity on your online devices in your house. the data is sent to advertisers....
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Nov 10, 2015
11/15
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CSPAN2
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three huge banks: citigroup, j.p. morgan chase and bank of america. three banks, nearly $10 trillion. $10 trillion is a lot of risky business. just remember, the whole tarm bailout was less -- the whole tarp bailout was less than $1 trillion. now a few banks, a few too-big-to-fail banks are going to keep another $10 trillion in risky business on their books. these banks will happily suck down the profits when their high-stakes bets work out and they will just as happily turn to the taxpayers to bail them out when there's a problem. all of this because the lobbyists persuaded congress to do just one little favor for them. earlier today congressman cummings and i asked the government accountability office to do more analysis of these issues, but where are the g.a.o. finds? congress now has ten trillion reasons to stand up to citigroup and bring back the swaps push-out rule to ensure that working families in this country, families with mortgages and student loans to pay and kids to take care of, aren't on the hook again. this time for $10 trillion of the
three huge banks: citigroup, j.p. morgan chase and bank of america. three banks, nearly $10 trillion. $10 trillion is a lot of risky business. just remember, the whole tarm bailout was less -- the whole tarp bailout was less than $1 trillion. now a few banks, a few too-big-to-fail banks are going to keep another $10 trillion in risky business on their books. these banks will happily suck down the profits when their high-stakes bets work out and they will just as happily turn to the taxpayers to...
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Nov 3, 2015
11/15
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KTVU
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it will settle california's lawsuit that claims j.p. morganse used illegal methods to collect debts from credit card holders. $50 million will go to the state and chase customers in california will get $10 million. that's on top of the $50 million in a national settlement. chase also agreed to change the practices that california disagreed with. that included collecting incorrect amounts and selling bad credit card debt so that companies could collect the amount that is due. >>> former facebook president and napster cofounder sean parker has entered the battle to legalize the recreational use of marijuana here in california. he is spearheading a ballot initiative that would allow people 21 and over to possess or buy up to 1 ounce of pot and grow as many as six plants. it also calls for placing a 15% sales tax on both recreational and medical marijuana. the initiative is intended for next november's ballot. >>> our time is 6:40. still speculation about what caused a russian plane to crash in egypt. in 20 minutes, we'll have the latest on the in
it will settle california's lawsuit that claims j.p. morganse used illegal methods to collect debts from credit card holders. $50 million will go to the state and chase customers in california will get $10 million. that's on top of the $50 million in a national settlement. chase also agreed to change the practices that california disagreed with. that included collecting incorrect amounts and selling bad credit card debt so that companies could collect the amount that is due. >>> former...
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Nov 18, 2015
11/15
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CNBC
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so the ipos lead underwriter j.p. morgan agreed to release the woodmans' new charitable foundation from its restriction of 5.8 million shares. given -- giving a half billion dollars to charity is a wonderful thing to do. no question. but this show is about helping you to try to make money. and having insiders dump that much stock on the open market was very bad news for gopro shareholders so gopro peaked at $98 and change a few days after the announcement and since then the stock has been crushed to the point where it's below not 20 bucks. over a year ago we were watching videos of goats and pigs wearing gopros while surfing. shouldn't we worry about fitbit doing something similar? the answer is no because when you drill down, the details of fitbit's lockup release are different. two and a half weeks ago when fitbit reported the quarter the company told us that morgan stanley granted fitbit an early lockup release so the company could sell 21 million shares via secondary offering though they reduced that to 17 million shares
so the ipos lead underwriter j.p. morgan agreed to release the woodmans' new charitable foundation from its restriction of 5.8 million shares. given -- giving a half billion dollars to charity is a wonderful thing to do. no question. but this show is about helping you to try to make money. and having insiders dump that much stock on the open market was very bad news for gopro shareholders so gopro peaked at $98 and change a few days after the announcement and since then the stock has been...
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127
Nov 11, 2015
11/15
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KGO
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largest hacking case ever, three men are charged with stealing the personal information of 83 million j.p. morgan customers and profiting from the theft. one american charged is still on the run. >> an american food is change their recipe. >> campbells will if you is ten fewer ingredients, gone are some with unpronounceable names. >> on veterans day a number free office for veterans. including free food from dessert s at apple bees and dunkin' donuts and olive garden and outback and other restaurants. >> and uber and lyft give free rides to homeless vets seeking job today and the coming months. >> straight ahead seven things it know use start your day. >> in time for the holidays, pizza hunt has a triple threat. >> it is one of the worst nightmare as pride to be -- bride-to-be can imagine after a woman flushed her engage president ring down the...you know what. >> you can share director videos >> you can share director videos -- your videos with us at ally bank no branches equals great rates. it's a fact. kind of like ordering wine equals pretending to know wine. pinot noir, which means peanut of
largest hacking case ever, three men are charged with stealing the personal information of 83 million j.p. morgan customers and profiting from the theft. one american charged is still on the run. >> an american food is change their recipe. >> campbells will if you is ten fewer ingredients, gone are some with unpronounceable names. >> on veterans day a number free office for veterans. including free food from dessert s at apple bees and dunkin' donuts and olive garden and...
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Nov 11, 2015
11/15
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KGO
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>>> yes, j.p. morganrge the theft of customer data from a financial institution in history. the attorney in new york charged these people with the christmas and they accused of stealing personal information of 100 million who do business with financial inconstitutions and financial news publishers. san francisco residents can expect to spent 47 percent of their income on represent according to -- on rent according to zillow. less on north than represent. the performing economy is making it difficult for representers. and the most annoying passengers are feet kickers. and inattentive parents and strong smells high on list. do not set next to a smelly seat kicker. >> stocks open for veterans day but the bond market is closed. kind of a flat storm and the -- flat start and the nasdaq is flat. >> have a great day, jane. >> she is talking about numbers and you are talking about numbers. yours are more shocking. >> cold. >> shocking to the system. >> black ice is possible. if you not prepared you will be shocke
>>> yes, j.p. morganrge the theft of customer data from a financial institution in history. the attorney in new york charged these people with the christmas and they accused of stealing personal information of 100 million who do business with financial inconstitutions and financial news publishers. san francisco residents can expect to spent 47 percent of their income on represent according to -- on rent according to zillow. less on north than represent. the performing economy is...