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for "nightly business report," i'm mary thompson. >>> coming up, think small. very, very small. why the u.s. finds itself in the throws of a b boom in tiny houses. >>> the first vaccine candidate for the zika should be available in september. the impact of the impact of the zika virus is wider and funding is needed. >> we're going full blast by drawing money from other areas. that's how we started. the money that's been transported from ebola accounts will help bring us further but still not what we want. we needed $1.9 billion. >> officials say the type of mosquito in which the virus is carried is present in more states than first thought. >>> united health care will not offer any health plans on georgia's state health exchange next year. it's the only insurer that's notified the state of the the plan not to participate. you might recall last month we told you about a report that concluded patients on the exchanges were sicker than others and questioned whether insurers would be part of the affordable care act long term. >>> mortgage investor is buying hattarus financial for ab
for "nightly business report," i'm mary thompson. >>> coming up, think small. very, very small. why the u.s. finds itself in the throws of a b boom in tiny houses. >>> the first vaccine candidate for the zika should be available in september. the impact of the impact of the zika virus is wider and funding is needed. >> we're going full blast by drawing money from other areas. that's how we started. the money that's been transported from ebola accounts will help...
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Apr 3, 2016
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that is mary thompson. >>> up next, which is more difficult, finding love or finding a job you love? website eharmony has been matching love interest for years but now wants to match you with that perfect career, too. >>> are you at risk for getting audited this tax season? an inside scoop on how the agency decides and steps you can take to avoid bag target. >>> here's a look at how the stock market ended the week. we were born 100 years ago into a new american century. born with a hunger to fly and a passion to build something better. and what an amazing time it's been, decade after decade of innovation, inspiration and wonder. so, we say thank you america for a century of trust, for the privilege of flying higher and higher, together. ♪ you can't breathed. through your nose. suddenly, you're a mouthbreather. well, just put on a breathe right strip which instantly opens your nose up to 38% more than cold medicine alone. shut your mouth and say goodnight mouthbreathers. breathe right >>> the dating website e han money wants to find you a job. it is launching a job matching website ca
that is mary thompson. >>> up next, which is more difficult, finding love or finding a job you love? website eharmony has been matching love interest for years but now wants to match you with that perfect career, too. >>> are you at risk for getting audited this tax season? an inside scoop on how the agency decides and steps you can take to avoid bag target. >>> here's a look at how the stock market ended the week. we were born 100 years ago into a new american...
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Apr 2, 2016
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that is mary thompson. >>> up next, which is more difficult, finding love or finding a job you love?ebsite eharmony has been matching love interests for 16 years, but now it wants to match you with that perfect career, too. >>> are you at risk for getting audited this tax season? an inside scoop on how the agency decides and steps you can take to avoid becoming a target. as we head to a break. here's how the stock market ended the week. >>> the dating website eharmony doesn't just want to find your soul mate, now it wants to find you a job. eha eharmony is launching a job matching website called elevator careers and launches this weekend. neil clark warren is the founder and ceo. when i spoke to him this week, i asked if what works for dating can work for a job hunt? >> there are a lot of different dimensions on which people have to have a good fit in order to make a marriage work. there are a lot of dimensions that people have to have a good fit to make a job work. >> the last time you were here, dr. warren, you told me the most important fact in finding a compatible mate is making
that is mary thompson. >>> up next, which is more difficult, finding love or finding a job you love?ebsite eharmony has been matching love interests for 16 years, but now it wants to match you with that perfect career, too. >>> are you at risk for getting audited this tax season? an inside scoop on how the agency decides and steps you can take to avoid becoming a target. as we head to a break. here's how the stock market ended the week. >>> the dating website eharmony...
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Apr 26, 2016
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for "nightly business report" i'm mary thompson. >>> xerox saw profits fall 85% this past quarter. that's where we begin tonight's "market focus." the cost of breaking the company into two was a big drag on earnings. along with a decline in printer and copier sales. the company also cited foreign currency head winds. shares of the company fell sharp he down more than 13% to $9.68. valiant pharmaceuticals has a new ceo, joseph papa, who until recently served as ceo of peridot, a company known for selling over-the-counter drugs, is shifting to valiant after helming peridot over a decade. valiant shares were initially higher but slipped to close at 35.16. shares of peridot fell more than 18% to 99.40. >>> private equity firm kkr reported a loss of more than $300 million last quarter. this as the firm's biggest investment first data corps continues to struggle. kkr bought first data back in 2007 and maintained a large stake in the company after bringing it public last year. shares fell about 3% to 14.49. >>> and restaurant operator bob evans farms says it is planning to close 27 locati
for "nightly business report" i'm mary thompson. >>> xerox saw profits fall 85% this past quarter. that's where we begin tonight's "market focus." the cost of breaking the company into two was a big drag on earnings. along with a decline in printer and copier sales. the company also cited foreign currency head winds. shares of the company fell sharp he down more than 13% to $9.68. valiant pharmaceuticals has a new ceo, joseph papa, who until recently served as ceo...
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Apr 14, 2016
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in new york city, mary thompson for "nightly business report." >>> still ahead, real estate risk. as home prices heat up, there's a new way to protect your equity if things start to cool. >>> a twist in boardroom drama, independent board member james grosfeld resigned from the board of the country's third largest home builder. he joined the company's founder in calling for chairman and ceo to step down. in an interview he explained why his departure is effective immediately. >> i'm calling for richard dugas' resignation. i think that i'm the only board member and that's not an easy situation to be in. and addition reason is that certain board meetings have gone on without my attendance. which i think it's improper. so under the circumstances, it didn't make any sense for me to remain on the board. >> he served as ceo of the company from 1974 to 1990. shares of pulty home rose 2.5%. >>> near record low mortgage rates may be pushing more home buyers into the spring housing market. according to the mortgage bankers association, total mortgage applications volume rose 10% last week fr
in new york city, mary thompson for "nightly business report." >>> still ahead, real estate risk. as home prices heat up, there's a new way to protect your equity if things start to cool. >>> a twist in boardroom drama, independent board member james grosfeld resigned from the board of the country's third largest home builder. he joined the company's founder in calling for chairman and ceo to step down. in an interview he explained why his departure is effective...
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Apr 8, 2016
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mary thompson has been following the story, good to see you as always. jeff immel offered an impassioned defense of his company. >> he basically denied everything that sanders said. as you would expect, he talked about the company's 124-year-old history, the jobs it's created, the wealth it's created. he talked about the businesses they had, ge has, in sanders' home state of vermont. and invited him to come visit it. now sanders takes issue with the fact that ge has closed plants and shipped jobs overseas. immel respond, we built five plants in the u.s. in the past five years, and if you do business in 180 companies you can't have all the jobs on home turf. that said he's talked about moving jobs from china to lower-cost countries. >> he also made comments and has become increasingly vocal about his frustrations, if you will, with the government and the poor relationship that corporate america seems to have with the administration. >> anyone who read his annual letter would say, the relationship between corporate america and washington, d.c. is the worst
mary thompson has been following the story, good to see you as always. jeff immel offered an impassioned defense of his company. >> he basically denied everything that sanders said. as you would expect, he talked about the company's 124-year-old history, the jobs it's created, the wealth it's created. he talked about the businesses they had, ge has, in sanders' home state of vermont. and invited him to come visit it. now sanders takes issue with the fact that ge has closed plants and...
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Apr 13, 2016
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the reason we're rushing is because we need to get to mary thompson, who joins us now. she's outside with the picketers. >> don't make her wait. you don't want to deal with that. >> mary? >> reporter: thank you, andrew. union members from massachusetts to virginia going on strike at 6:00 a.m. this morning. i believe you can see them right over my right shoulder here outside a verizon technical operations center. the unions and verizon still far apart on a contract. of course, they've been talking since this summer. the union workers, most of whom work for verizon's land line and internet operations, say they are striking to save good jobs. verizon says it wants to save good jobs as well, but it needs the unions to agree to changes to legacy contracts. here are a couple of the sticking points. first of all, pensions. verizon wants to cap these pensions at 30 years of service. after that, workers could contribute to a 401(k). the workers want to keep the pensions as is. the union claims verizon wants to move regional call centers, jobs overseas. verizon says it only wants
the reason we're rushing is because we need to get to mary thompson, who joins us now. she's outside with the picketers. >> don't make her wait. you don't want to deal with that. >> mary? >> reporter: thank you, andrew. union members from massachusetts to virginia going on strike at 6:00 a.m. this morning. i believe you can see them right over my right shoulder here outside a verizon technical operations center. the unions and verizon still far apart on a contract. of course,...
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Apr 2, 2016
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for nightly miss report, i'm mary thompson in new york. >>> still ahead, the weather getting warmer. mosquito season is just ahead. but is the u.s. ready to combat zika? >>> with the zika virus spreading locally in 33 countries and territories across the americas, health officials called a summit at the national centers for disease control today to make sure the u.s. is prepared as the summer approaches. the threat of locally acquired cases in the u.s. is rising along with the temperatures. the report from atlanta. >> reporter: when you think of ouy west, florida, you probably picture a scenic vacation spot. but for billy ryan, who's on the front lines of the country's battle with the zika virus, it's anything but glamorous work. >> unbelievably, i don't think it's breeding. >> reporter: zika's primarily carried by mosquitos, and the u.s. has been battling this bug for years. the mosquitos can also carry dengue and others. >> most places haven't worked with disease issues. we've entirely issued or paradigm and zika is yet another disease we're trying to keep mosquitos away from. >> r
for nightly miss report, i'm mary thompson in new york. >>> still ahead, the weather getting warmer. mosquito season is just ahead. but is the u.s. ready to combat zika? >>> with the zika virus spreading locally in 33 countries and territories across the americas, health officials called a summit at the national centers for disease control today to make sure the u.s. is prepared as the summer approaches. the threat of locally acquired cases in the u.s. is rising along with the...
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mary thompson is live. good morning, mary. >> reporter: good morning, sara.e a couple of hundred workers here protesting. all across the eastern part of the united states from massachusetts to virginia there were workers outside of verizon facilities protesting after workers walked off the job at 6:00 a.m. 39,000 verizon wire line workers angry that after nine months of talks, a contract was not reached between the unions and verizon. the union rep telling cnbc, this strike is about preserving good jobs and giving workers their fair share. >> this company made $1.5 billion a month last year in prophets. this year 1 president $8 billion in profits. it's time to share that with these workers. >> reporter: they make an average of over $130,000 a year including benefits and that it's offered a 6.5% pay raise. they say it's basically a wash because they've agreed to cuts in their health care benefits. there are sticking points. first of all the pensions. verizon wants to freeze them after 30 years of service in call center jobs. they want to meevg these jobs overs
mary thompson is live. good morning, mary. >> reporter: good morning, sara.e a couple of hundred workers here protesting. all across the eastern part of the united states from massachusetts to virginia there were workers outside of verizon facilities protesting after workers walked off the job at 6:00 a.m. 39,000 verizon wire line workers angry that after nine months of talks, a contract was not reached between the unions and verizon. the union rep telling cnbc, this strike is about...
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increase over the very short term the wealth of a very small portion of the company. >> let me bring mary thompsonnversation. mary? >> i have a question for heather. when you say something like that, you would advocate putting some kind of metric within the ceo pay compensation package that they put together that they do something like that? or are you satisfied with this close alignment with the stock price as being a good reflection of what the ceo has done? >> i think it's important that we look at a variety of metrics when talking about executive compensation. there is too much focus on the stock price and on the pier group comparison. all ceo's think they're better than their peers. i think we need to be looking more seriously at other metrics. we note the ceo to worker pay ratio has an impact. if it's too high, you see poor morale in the workforce. that can have an impact on the bottom line and performance of the company and the customer experience. >> gordon, take me into the room where these decisions get made. just tell me the story of how when you were running continental how your pay wa
increase over the very short term the wealth of a very small portion of the company. >> let me bring mary thompsonnversation. mary? >> i have a question for heather. when you say something like that, you would advocate putting some kind of metric within the ceo pay compensation package that they put together that they do something like that? or are you satisfied with this close alignment with the stock price as being a good reflection of what the ceo has done? >> i think it's...
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Apr 21, 2016
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mary thompson joining us with more on this developing story. mary?> the national credit union administration unveiling a proposal that s
mary thompson joining us with more on this developing story. mary?> the national credit union administration unveiling a proposal that s
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mary thompson joining us with more on this developing story. mary? >> the national credit union administration unveiling a proposal that needs to be approved by five other regulators before it's put out for public comment and adopted. now this is a proposal from 2011. the rule being proposed today mandated by dodd-frank and deals with incentive-based compensation at a wide range of financial institutions. here are the key elements of this reproposal. first of all, it mandates that 60% of incentive pay for senior executives and significant risk tears at firms with more than $250 billion in assets, think the big wall street banks, this pay be paid out over four years. these executives at firms with 5 50 it $250 billion in assets have to wait three years. wall street firms defer this pay for three years. but for a smaller group of executives. second, this new proposal includes claw backs at firms with more than $50 billion in assets, senior executives and risk takers will be subject to claw backs looking back seven years if they engage in conduct includ
mary thompson joining us with more on this developing story. mary? >> the national credit union administration unveiling a proposal that needs to be approved by five other regulators before it's put out for public comment and adopted. now this is a proposal from 2011. the rule being proposed today mandated by dodd-frank and deals with incentive-based compensation at a wide range of financial institutions. here are the key elements of this reproposal. first of all, it mandates that 60% of...
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mary thompson, thank you.dman actually leading the dow right now. >>> when we come back, his proxy battle with yahoo is far from over. an exclusive and very timely interview with starboard's jeff smith coming your way. >>> with the dow 90 points and climbing, let's get to david faber at the 13d monitor activist investor conference in new york where he's going to speak to an activist currently embroiled in the proxy fight for yahoo. david, take it away. good morning. >> thanks, simon. yep, every year of course we come here to the active passive summit by 13d monitor and we've been lucky enough to talk to jeff smith in the past. and he's sitting across from me now. nice to have you. >> thanks for having me. >> last year we started off on yahoo and i guess we have to start there this year. these things tend to take time given how long we've talked about this, you are trying to seek nine seats on the board. jeff, i guess my question is with the process of the sale going on right now, and the likelihood that that p
mary thompson, thank you.dman actually leading the dow right now. >>> when we come back, his proxy battle with yahoo is far from over. an exclusive and very timely interview with starboard's jeff smith coming your way. >>> with the dow 90 points and climbing, let's get to david faber at the 13d monitor activist investor conference in new york where he's going to speak to an activist currently embroiled in the proxy fight for yahoo. david, take it away. good morning. >>...
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Apr 14, 2016
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mary thompson joins us now. >> let's start with what is happening here in new york city.51 billion pension fund for new york city workers cutting ties with hedge funds, following an asset review. fund's board deciding a new approach to asset allocation will help it meet its long-term objectives. the fund has 1.4 billion. no timeline yet for the liquidation and no details on the reinvestments. the decision coming a year after california's giant pension fund decided it too would no longer invest in hedge funds. bloomberg reporting clients asked to redeem a billion dollars. jones racked up annual gains of 19% and reportedly has performed poorly over the last three years. and steve cohen has a way to get around a two year ban on investing other people's money. the s.e.c. granting registration to a cohen owned firm in march. the firm spokesman said the billionaire hedge fund manager in keeping with his agreement with the s.e.c. not to manage outside capital won't have a supervisory role at the new firm. that could change when the ban is lifted in 2018. not until then. as to ha
mary thompson joins us now. >> let's start with what is happening here in new york city.51 billion pension fund for new york city workers cutting ties with hedge funds, following an asset review. fund's board deciding a new approach to asset allocation will help it meet its long-term objectives. the fund has 1.4 billion. no timeline yet for the liquidation and no details on the reinvestments. the decision coming a year after california's giant pension fund decided it too would no longer...
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now watch me whip ♪ watch me nae nae ♪ watch me whip ♪ watch me nae nae >> that's 80-year-old mary thompsonear-old eleanor frederick son showing off how they whip and how they nae nae. they love dancing and do it so well and they say keeps their bodies and minds fit. good advice. >> better at that than i am. i will let them take it over. >>> the time now is 25 after the top of the hour and he has opinion pretty adamant that he is not running, but hypothetically speaking what would happen in a general election if paul ryan were to throw his hat into the ring? the brand new polls showing how a match up with bernie or hillary would play out. >>> and drop the toast. is your breakfast making you ugly? the choices you make this morning could be wreaking havoc on your skin. jordan and chelsea were searching for the perfect place for their wedding on booking.com. oh! yurt. yes! earthy... just rustic. [laughing] oh my gosh. wow. [owl howling] [gulp] uh, how about an island? island, yeah. yeah. yeah. [laughing] were you laughing in your fantasy? yeah! me, too. [gasps] burning, pins-and-needles of bef
now watch me whip ♪ watch me nae nae ♪ watch me whip ♪ watch me nae nae >> that's 80-year-old mary thompsonear-old eleanor frederick son showing off how they whip and how they nae nae. they love dancing and do it so well and they say keeps their bodies and minds fit. good advice. >> better at that than i am. i will let them take it over. >>> the time now is 25 after the top of the hour and he has opinion pretty adamant that he is not running, but hypothetically...
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i'm mary thompson. ttd's conference call under way. they're calling it a very good quarter. one of the reasons, its 2015 acquisition of directv. here's cfo john stephens. >> the first quarter demonstrated our ability to deliver strong, consistent results. as we execute the strategy we've laid out for you. our approach has been methodical. our results have been consistent. >> the firm also crediting the better than expected earnings on growth and video, which offset pressure from lower equipment sales which was expected. in a $500 million hit from currencies. coming in ahead of expectations, thanks to growth in the wireless business. and international revenue came in a little life. stephens touted the entertainment unit which provides high-speed services to its customers. at&t added a more than expected 328,000 fee subscribers in the quarter. however, it lost a little bit more than that in its internet and u verse clients. at&t also affirming its full year guidance of double-digit consolidated revenue growth. and cap x in the $22 billion range. stephens saying the company is
i'm mary thompson. ttd's conference call under way. they're calling it a very good quarter. one of the reasons, its 2015 acquisition of directv. here's cfo john stephens. >> the first quarter demonstrated our ability to deliver strong, consistent results. as we execute the strategy we've laid out for you. our approach has been methodical. our results have been consistent. >> the firm also crediting the better than expected earnings on growth and video, which offset pressure from...
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. >> mary thompson is here to tell us all about it. >> nice to dance with you guys. >> you were dancingdancing with ryan is a little intimidating. >> how about mone mone? >> you want to do that? okay. we see lots of these lists this time of the year and they have different parameters. this excludes a lot of firms that file later this month, but median pay for executives up to $14.5 million. the average pay rose 17%. the highest paid ceos of oracle, mark hurd and safra katz at $53.2 million. and bob iger from disney at 43 million. david cote at number four and jeff immelt of ge is in number five. missing is phillipe dauman who pulled down $54 million didn't make a cut for this survey because it was not put in the largest so100 companies. warren buffett's compensation was $470,000. the cutoff for revenue for these companies, $20 billion. so viacomm had revenue of $13 billion. >> when you look at the list, it will tell you as far as total revenue and things like that. >> so does it measure revenues per share or revenue -- >> total shareholder. >> okay. is there anybody on the list that you
. >> mary thompson is here to tell us all about it. >> nice to dance with you guys. >> you were dancingdancing with ryan is a little intimidating. >> how about mone mone? >> you want to do that? okay. we see lots of these lists this time of the year and they have different parameters. this excludes a lot of firms that file later this month, but median pay for executives up to $14.5 million. the average pay rose 17%. the highest paid ceos of oracle, mark hurd and...
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Apr 21, 2016
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mary thompson has that. mary?these proposals are mandated by dodd-frank, initially released in 2011, the latest coming from the national credit union associations six organizations have to vote on them and then they'll be put out for public comment before being adopted. this is adon interesting to wal street. asset pay will be paid out over four years. some have adopted rules where deferred compensation is paid out over a three-year period so extending that period slightly. also, current incentive compensation plans would be grandfathered under this rule and all assets -- or all institutions with more than $1 billion in assets would be required to keep records of their incentive based compensation plan for a time of up to seven years in just about a hour an who are or but just bringing you some of the highlights here, notably again, the incentive based compensation -- the proposed rule requiring it be paid out over four years as opposed to the three that a number of wall street firms have currently adopted. we'll
mary thompson has that. mary?these proposals are mandated by dodd-frank, initially released in 2011, the latest coming from the national credit union associations six organizations have to vote on them and then they'll be put out for public comment before being adopted. this is adon interesting to wal street. asset pay will be paid out over four years. some have adopted rules where deferred compensation is paid out over a three-year period so extending that period slightly. also, current...
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Apr 18, 2016
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mary thompson has more. mary?> the bank's first quarter profits tumbling. 9 cents better than estimates as morgan held the line on expenses. revenue at the investment banking unit dropping reflecting muted ipo activity. trading revenue was better than expected though fixed knicks. it's wealth management performed as expected and revenue from its investment reflecting declines in emerging markets investments. the stocks over the last 12 months. morgan's return on equity came in at 6.2%. for this measure of profitable. looking ahead to tomorrow morning's report for tomorrow morning, its profit down 59%. it faces down counts. a 37% decline of revenue. to the decline in profits i should say. look for expense controls to provide some if any upside to firm's results when they report tomorrow. back to you. >> guys, thanks. what are you looking for in these reports? >> the fact that the stock was only up marginally, i think people are questions what really is the return you should expect out of these businesses. 6% roe is
mary thompson has more. mary?> the bank's first quarter profits tumbling. 9 cents better than estimates as morgan held the line on expenses. revenue at the investment banking unit dropping reflecting muted ipo activity. trading revenue was better than expected though fixed knicks. it's wealth management performed as expected and revenue from its investment reflecting declines in emerging markets investments. the stocks over the last 12 months. morgan's return on equity came in at 6.2%. for...
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matter thompson has more. hi, mary. >> reporter: hey there, kelly.ver my right shoulder here you can see the picket lines on west 36th in new york city. they are empty. they were filled up earlier today and earlier today democratic presidential hopeful bernie sanders was walking the picket lines with verizon workers in brooklyn where he took a shot at verizon. >> this is just another major american corporation trying to destroy the lives of working americans. >> reporter: sanders' criticism of the telecom giant called contempable by the verizon ceo lowell mcadams but the employees don't care. one of the unions representing the more than 36,000 workers on strike endorse sanders for president. as for the strike, workers say it's about preserving good jobs and verizon's shrinking land line business. it comes after nine months of talks failed to produce more contracts. the two main sticking talks are wage freezes and pensions. on the second issue verizon's bob mudd says it has no plan to move jobs but needs the union to agree to changes on how it routes
matter thompson has more. hi, mary. >> reporter: hey there, kelly.ver my right shoulder here you can see the picket lines on west 36th in new york city. they are empty. they were filled up earlier today and earlier today democratic presidential hopeful bernie sanders was walking the picket lines with verizon workers in brooklyn where he took a shot at verizon. >> this is just another major american corporation trying to destroy the lives of working americans. >> reporter:...
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Apr 5, 2016
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mary thompson has been looking at the thumbnumbers. >> is this a very early read, but it does gave ae. 42 s&p firms filed by february, and keep this mind this is a small sample, most companies file proxies by the end of march. this is what they found. median ceo pay rose 13.4% from 2014 even as median revenue growth and total shareholder return rose in the low single digits. median ceo pay at these companies $9.3 million. up from 2014. base salaries ticked up slightly to just over a million. annual cash bonuses fell to $1.73 million. that reflects results from to 15. long term incentive bonuses was a healthy 26%. the ultimate payout may prove to be very different from the value reported in the approximate city. remember these are tied to the company reaching specific goals, so ultimately they can be more or less. compensation advisory partners says these big long term bonuses reflect two things. they can be used as an incentive to keep the executive around and they also reflect the stock at the end of fiscal year which ends in july. so that was basically close to the highs of the sto
mary thompson has been looking at the thumbnumbers. >> is this a very early read, but it does gave ae. 42 s&p firms filed by february, and keep this mind this is a small sample, most companies file proxies by the end of march. this is what they found. median ceo pay rose 13.4% from 2014 even as median revenue growth and total shareholder return rose in the low single digits. median ceo pay at these companies $9.3 million. up from 2014. base salaries ticked up slightly to just over a...
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Apr 12, 2016
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let's get to mary thompson on the floor. good morning, mary. >> carl, markets are up now.do we hold on to the gapeins. we've seen a pattern, early strength leading to a selloff late in the day. that pushed the s&p into negative ter foir fritory for yesterday, but it bounced back today. watching tech, that's an area of weakness. energy is moving higher because oil is higher hitting its best levels in 2016 ahead of that producer's meeting over the weekend. a lot of expectations, some action will be taken to rebalance the demand/supply picture in the oil markets. positive comments from chevron's ceo saying the market appears to be rebalancing and news out of china that you're seeing strong demand for vehicles which will lead to stronger demand out of china. this group is gaining today. of course, as i mentioned, the tech stocks are the ones to watch. the nasdaq did pull back a bit. it has regained some strength in large part because of the disappointing forecast of junip juniper. concern about enterprise suspending keeping pressure on this group. materials is one area to watc
let's get to mary thompson on the floor. good morning, mary. >> carl, markets are up now.do we hold on to the gapeins. we've seen a pattern, early strength leading to a selloff late in the day. that pushed the s&p into negative ter foir fritory for yesterday, but it bounced back today. watching tech, that's an area of weakness. energy is moving higher because oil is higher hitting its best levels in 2016 ahead of that producer's meeting over the weekend. a lot of expectations, some...
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Apr 6, 2016
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mary thompson is back at cnbc global headquarters with the story. >> the industry reaction is muted.hey say they need more time to analyze it. unthe so-called fiduciary rule, an adviser, broker, insurance agent or investment firm must act in a client's best interests. this means they need to make sure investments are appropriate for the client, as well as the cost of making that investment being appropriate for the client. firms can sell appropriate investments carrying higher fees and commissions, but only if the clients know how if the agent is paid and signs a contract stating so. the standards are by april 27 with other administrative act by january of 2018. pwc's michael glaspie kiss while low-cost providers should benefit, the whole industry is going to be negatively impacted from the higher cost of compliance and lower fees. they are saying they're being hurt because of costs are likely to make these products a harder sell under the rules. >> mary, thank you very much. we have two different viewpoints on this. john stein is ceo and founder of robo-adviser company betterment. h
mary thompson is back at cnbc global headquarters with the story. >> the industry reaction is muted.hey say they need more time to analyze it. unthe so-called fiduciary rule, an adviser, broker, insurance agent or investment firm must act in a client's best interests. this means they need to make sure investments are appropriate for the client, as well as the cost of making that investment being appropriate for the client. firms can sell appropriate investments carrying higher fees and...
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Apr 21, 2016
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mary thompson has the details. >> the national credit union administration is the first of six regulatorson to be following. registered investment advisers, public or private with a billion or more in assets on their balance sheets. still, executives at the biggest firms impacted the most. the rule means they have to wait an added year. today's rule a reproposal from 2011, key changes include a man dade that is 67% of senior executives and with over 250 bi in assets be paid out after four years. it's three years for executives at firms with 50 to 250 billion in assets. overall the rule subjects more executives deferrals. second, incentive pay for these executives at firms with $50 billion in assets can be clawed back going back seven years. claw backs allowed of executives engaged resulting in financial or reputational harm, fraud or if the executives misrepresent performance to reduce pay. lastly, all firms with over a billion in assets need to retain records on compensation for up to seventh years. the rule is up for comment if adopted, firms will have 18 months to compile. kelly, back
mary thompson has the details. >> the national credit union administration is the first of six regulatorson to be following. registered investment advisers, public or private with a billion or more in assets on their balance sheets. still, executives at the biggest firms impacted the most. the rule means they have to wait an added year. today's rule a reproposal from 2011, key changes include a man dade that is 67% of senior executives and with over 250 bi in assets be paid out after four...
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Apr 8, 2016
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mary thompson has more on that.utives pay decline 3.8% from 2014 according to a revufr review of the proxies. before anyone thinks this reflects the market's flat performance or the single digit declines in profits and revenue, the report says the lower pay reflects a drop in the value of the ceo's pensions. this follows a big 2014 gain linked to an adjustment for longer life spans. this is why median pay for executives fell to $10.8 million, the largest decline of 3.8% since the financial crisis. the 10.8 number is the second highest since 2007. the stock component of their pay rose 7%. a number that will change depending on the value of the stock when it's cashed in and whether or not the firm hits certain metrics. cash component rose 2%. so whoer ewho earned the most? the top names on the list, some familiar ones. starting with philippe dauman, he got a 20% boost, earning $54.2 million. even though his total shareholder return tumbled 42%. oracle's larry elslison almost the highest paid, extending that to mark hu
mary thompson has more on that.utives pay decline 3.8% from 2014 according to a revufr review of the proxies. before anyone thinks this reflects the market's flat performance or the single digit declines in profits and revenue, the report says the lower pay reflects a drop in the value of the ceo's pensions. this follows a big 2014 gain linked to an adjustment for longer life spans. this is why median pay for executives fell to $10.8 million, the largest decline of 3.8% since the financial...
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Apr 6, 2016
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mary thompson and sharon epperson are with us. let's start off with you, mary.hat are the changes? >> this is the obama administration's plan to protect some small investors. the goal is to prevent the retirement accounts of small investors of being eaten up by high and unnecessary fees and commissions. under the so-called fiduciary rule, they must work in the client's best interest when recommending investments for retirement accounts. this means they should take into account the appropriateness of an investment for a client as well as the cost of making that investment. the rule allows for -- that may carry higher fees and commissions as long as the client is made aware of how the broker or adviser is paid and the client signs a contract acknowledging they're aware of the fee schedule. firms must comply with the standard or acting in a client's best interest by april of 2017. they have until january 2018 to comply with other administrative aspects of the law. adjustments made to the final rule from an earlier proposal streamlined a lot of the compliance burden
mary thompson and sharon epperson are with us. let's start off with you, mary.hat are the changes? >> this is the obama administration's plan to protect some small investors. the goal is to prevent the retirement accounts of small investors of being eaten up by high and unnecessary fees and commissions. under the so-called fiduciary rule, they must work in the client's best interest when recommending investments for retirement accounts. this means they should take into account the...
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Apr 26, 2016
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mary thompson has that now. >> the company's adjusted earnings at $0.72 a share beating estimates by. revenue rose over 20% in the first quarter. the reason helped by that acquisition of direct tv last year. coming in line with expectations at $40.5 billion. net income of $3.8 billion. a little bit light. analysts were looking for $3.9 billion. in net income. it added 2.3 wireless net subscribers, the company saying it's church rate was 1.42%. analysts were looking for 1.46%. the company's ceo calling it a good start to the year. the company had followed financial results and executed well on the strategy to be the premier integrated communications provider for businesses and consumers. we'll take a look when we come back with anymore headlines. back to you. >> mary thank you. the shares are up a little bit on the results. you know we heard from verizon, obviously, at&t, and i mentioned that we just had this cable deal there's a lot of upheaval across the content delivery -- >> i can't say this is great news for america. you talk about animal spirits, they're hibernating and in the c
mary thompson has that now. >> the company's adjusted earnings at $0.72 a share beating estimates by. revenue rose over 20% in the first quarter. the reason helped by that acquisition of direct tv last year. coming in line with expectations at $40.5 billion. net income of $3.8 billion. a little bit light. analysts were looking for $3.9 billion. in net income. it added 2.3 wireless net subscribers, the company saying it's church rate was 1.42%. analysts were looking for 1.46%. the...
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Apr 9, 2016
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weekly farm recover discovered recently by mount vernon historian mary b. thompson says hercules abskonded so maybe getting stuff for that birthday cake. thfsz what life was really luke when people very trying to write a book saying that george washington slaves were happy to be there and glad to be bake him a birthday cake. well, you know, i don't think hercules is very happy to be there. there are stories like this all throughout the white house slaves. a lot of them were victims of circumstance and they were born into slavery. a lot of them didn't like it. and made the best of the circumstances as they could. that's not to say everyone who -- every slaift who worked in the white house wasn't happy. most of them weren't. there were exceptions, though. out of all of the slaves lives i've looked at in the white house, there was at least one person i found who actually wouldn't escape even when given a chance. he decided that it was better to be a slave in the white house than to be free. and i want to read you a little bit about him. this is someone named a lyrics a
weekly farm recover discovered recently by mount vernon historian mary b. thompson says hercules abskonded so maybe getting stuff for that birthday cake. thfsz what life was really luke when people very trying to write a book saying that george washington slaves were happy to be there and glad to be bake him a birthday cake. well, you know, i don't think hercules is very happy to be there. there are stories like this all throughout the white house slaves. a lot of them were victims of...
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Apr 19, 2016
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. >>> mary thompson covering goldman and joins us from cnbc world headquarters.i think the banks are glad to have this quarter behind them. goldman's earnings as becky said beef while revenues came in shy of forecast. goldman hit especially hard given the trader arm. impacted by the volatile environment. earnings of $2.62 a share down 55% from last year. net earnings fell 60% and revenue of $6.34 billion was off 40% from last year's strong first quarter. the beat, courtesy of a decline in expenses. non-compensation expenses the lowest in nine years at $2.1 billion. compensation expenses coming in also lower than expected at $2.66 billion. in a statement, goldman ceo lloyd blankfein saying the operating environment this quarter presented a broad range of challenges resulting in headwinds across virtually every one of our businesses. and speaking of those businesses, all four of the company's business segments posted double-digit declines in revenue. only investment banking posted results ahead of estimates. helped by stronger than expected numbers from debt underw
. >>> mary thompson covering goldman and joins us from cnbc world headquarters.i think the banks are glad to have this quarter behind them. goldman's earnings as becky said beef while revenues came in shy of forecast. goldman hit especially hard given the trader arm. impacted by the volatile environment. earnings of $2.62 a share down 55% from last year. net earnings fell 60% and revenue of $6.34 billion was off 40% from last year's strong first quarter. the beat, courtesy of a decline...
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Apr 1, 2016
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in our latest installment where the jobs are, mary thompson joins us from tumbler's our. >> reporter:al media platforms. it's home to millions of bloggers. a number that's expected to grow by 30% as sumblr adds to its payroll. ten years ago tumblr didn't exist. facebook was in its infancy. for companies these days, it paz to be social. >> it does create an opportunity for businesses to reach out to consumers. directly. >> reporter: this professor noting social media's rise also presenting opportunities for job-seekers. from graphic designers creating the platform's look to security specialists who ensure data is protected to app developers for mobil sites and data scientists. >> it's a pretty wide combination of different skill sets. >> reporter: people with these skill sets all focussed on working to keeping the customer come back and engaged in the site. >> this is not a fleeting phenomenon, not a fad or trend, it's a fundamental permanent shift in how organizations and consumers depend on each other, how they talk to each other. wloip you talk pay in social media it varies with the
in our latest installment where the jobs are, mary thompson joins us from tumbler's our. >> reporter:al media platforms. it's home to millions of bloggers. a number that's expected to grow by 30% as sumblr adds to its payroll. ten years ago tumblr didn't exist. facebook was in its infancy. for companies these days, it paz to be social. >> it does create an opportunity for businesses to reach out to consumers. directly. >> reporter: this professor noting social media's rise...
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Apr 18, 2016
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mary thompson has many of the details. >> morgan stanley reporting a 55 cent decline.ank held the line on expenses. earnings of 55 cents a share. revenue at $68. james gorman saying the first quarter was characterized by challenging market conditions and muted client activity. while we see some signs of market recovery, global uncertainty continues to weigh on some investor activity. revenue at the firm's investment banking dropped 32% reflecting metered ipo activity. bigger than expected decline in revenue from debt. trading revenue fell as well. both equity and fixed income trading results were better than expected. if performed as expected, profit margins holding at 21% and revenue from the investment management arm fell reflecting declines in value of equity investments. in the midst of a billion dollar cost-cutting estimate, morgan's noncompensation estimates declined in the quarter. compensation estimates held steady. the return on equity came in at 6.2%. the firm says it wants to get its measure of profitability to manage 11% by 2017. becky, back to you. >> mary
mary thompson has many of the details. >> morgan stanley reporting a 55 cent decline.ank held the line on expenses. earnings of 55 cents a share. revenue at $68. james gorman saying the first quarter was characterized by challenging market conditions and muted client activity. while we see some signs of market recovery, global uncertainty continues to weigh on some investor activity. revenue at the firm's investment banking dropped 32% reflecting metered ipo activity. bigger than expected...
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Apr 2, 2016
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and one of the references that popped up was to a woman named mary church terrell and to something called the thompson restaurant case. and i hadn't heard of her and i hadn't heard of the case even though, of course, i had read brown vs. board of education" in lawsuit. and i had lived in and around and outside of the washington area on and off since high school. so i kept looking and digging into it. and what i learned fairly quickly the broad outlines of what had happened. and some of you may have -- may be far ahead of where i was right now you may have already known about her in the case and what hand. but on january 27th, 1950, not far from here, she went to a cafeteria called thompson's restaurant. t was actually on 14th street. 700 block, 705 14th street just up from the willow hotel commercial area. there were streetcar tracks in the middle of the street. and tompson's was part of a hain a national chain, kind of falling on hard times. the washington outpost at 14th street. so it was an art decko canopy. appear it was the kind of place where people would go inside, grab a tray, wait in line, he
and one of the references that popped up was to a woman named mary church terrell and to something called the thompson restaurant case. and i hadn't heard of her and i hadn't heard of the case even though, of course, i had read brown vs. board of education" in lawsuit. and i had lived in and around and outside of the washington area on and off since high school. so i kept looking and digging into it. and what i learned fairly quickly the broad outlines of what had happened. and some of you...
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Apr 10, 2016
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mary you, you are a crazy and s. o. b. and goes up a and telling me i can't leave you. you are either going to die or get arrested. >> that was abc7 news anchor harry thompson reporting. a piece of advice for mr. banks, brush up on one of the most useful phrases a husband can learn, sorry, honey. >> a return from the ruins in napa where people gathered for a special grand re-opening celebration. take a look hear. the city's oldest stone structure, which is home of a wayne tasting bar, reopened yesterday after it's facade crumbled on to main street during the earthquake of august, 2014. the building was red tagged for four months and it's taken until this month to get the structure completely repaired. >> and dozens got a chance to see the new jungle book movie before it was released. abc news was for the screening for the boys and girls club of oakland. the live action movie is inspired by the 1967 classic animated film. mike finney mc'd the event. the movie opens in theaters next friday. >> rain put at bit of a damper on the cherry blossom festival in san francisco yesterday. it usually draws hundreds of thousands of people. several thousand did show up an
mary you, you are a crazy and s. o. b. and goes up a and telling me i can't leave you. you are either going to die or get arrested. >> that was abc7 news anchor harry thompson reporting. a piece of advice for mr. banks, brush up on one of the most useful phrases a husband can learn, sorry, honey. >> a return from the ruins in napa where people gathered for a special grand re-opening celebration. take a look hear. the city's oldest stone structure, which is home of a wayne tasting...