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Feb 26, 2020
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robert franks joins us with some of those numbers i imagine they will be jaw-dropping, rob the.the top billionaires losing over $40 billion. the tech titans and retailers hardest hit. jeff bezos, amazon owner, is worth about $7 billion on tuesday. he's still worth $121 billion and for the year up $6 billion but this was the biggest lost since last october, you might remember when amazon missed the third quarter. second richest man, bill gates, is down about $2 billion mark zuckerberg dropping $5 billion monday and tuesday he's now negative for the year down $3 billion. so he will be updating his facebook pro fill. but the biggest billionaire loser is lvmh ceo bernard auburnio for the year he's down more than $15 billion. he's lost marc benioff in just two months chinese consumers count for a third of all global luxury spending and a third of the company's growth is coming from asia aaronio was the second i richest man last year and now trailing bates. and th ortega the sixth richest man down $6 billion for the year and elon musk is worth $4 billion less today than he was on frid
robert franks joins us with some of those numbers i imagine they will be jaw-dropping, rob the.the top billionaires losing over $40 billion. the tech titans and retailers hardest hit. jeff bezos, amazon owner, is worth about $7 billion on tuesday. he's still worth $121 billion and for the year up $6 billion but this was the biggest lost since last october, you might remember when amazon missed the third quarter. second richest man, bill gates, is down about $2 billion mark zuckerberg dropping...
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Feb 3, 2020
02/20
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we'll get the ratings numbers for the super bowl next hour seema mody, robert frank and kate rogers.>> shares of alphabet climbing more 15% the trillion dollar club member is the last of fngaa earnings this season. we'll tell you the key numbers to watch for right after this. s i helped develop was a softer, more secure diaper closure. as a mom, i knew it had to work. there were babies involved... and they weren't saying much. i envisioned what it's like for babies to have diapers around them. that's what we do at 3m, we listen to people, even those who don't have a voice. at the end of the day, we are people helping people. woi felt completely helpless.hed online. even those who don't have a voice. my entire career and business were in jeopardy. i called reputation defender. vo: take control of your online reputation. get your free reputation report card at reputationdefender.com. find out your online reputation today and let the experts help you repair it. woman: they were able to restore my good name. vo: visit reputationdefender.com or call 1-877-866-8555. we believe in education
we'll get the ratings numbers for the super bowl next hour seema mody, robert frank and kate rogers.>> shares of alphabet climbing more 15% the trillion dollar club member is the last of fngaa earnings this season. we'll tell you the key numbers to watch for right after this. s i helped develop was a softer, more secure diaper closure. as a mom, i knew it had to work. there were babies involved... and they weren't saying much. i envisioned what it's like for babies to have diapers around...
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Feb 28, 2020
02/20
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for more on the fallout, we turn to robert frank.hat are you seeing throughout >> that auto show, main showcase for luxury sports cars it was canceled due to ban of gatherings of more than 1,000 people you got the travel bans and a slowdown in that critical china market i sat down yesterday with the ceo of rolls royce saying the business in china, the second biggest market after the u.s., has fallen, quote, close to zero and that this shock may be different from those of the past >> we have seen overnight basically demand flipping and then after the economy recovers, poof, it is back to normal and these kind of patterns we see with corona and but nobody can tell you exactly how long that will take and that's probably the difference >> rolls-royce with a good long pipeline and a lean factory in england. 2,000 workers. owned by bmw and probably ride it out for the short term but aston martin, shares down 65% from last year and pinning the hopes on a new suv to launch this year. the ceo saying this week, quote, we hope and pray for a qu
for more on the fallout, we turn to robert frank.hat are you seeing throughout >> that auto show, main showcase for luxury sports cars it was canceled due to ban of gatherings of more than 1,000 people you got the travel bans and a slowdown in that critical china market i sat down yesterday with the ceo of rolls royce saying the business in china, the second biggest market after the u.s., has fallen, quote, close to zero and that this shock may be different from those of the past >>...
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Feb 26, 2020
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>>> welcome back a billionaire battle on cnbc this morning squaring off our wealth editor robert frank to bring us the highlights. >> this was great television now last night's democratic debate which is not great television, billionaires were once again a target. >> the economy is doing really great for people like billionaires in the last three years, last three years, billionaires in this country saw an $850 billion increase in their wealth but you know what, for the ordinary american, things are not so good. >> which takes us to this morning when we had two billionaires here on cnbc, tech investor palihapitya and cooperman squaring off whether billionaires deserve that criticism and how they should address inequality >> the constant attacking of wealthy people, the villainizing of the billionaire class, now, i luckily got into the billionaire class but i'm one of these guys i'm going to give it all away, i don't care much about money. okay i don't get it >> i think equally blessed as you. i'm in the same fortunate position you're in at the end of the day the worst thing that happen
>>> welcome back a billionaire battle on cnbc this morning squaring off our wealth editor robert frank to bring us the highlights. >> this was great television now last night's democratic debate which is not great television, billionaires were once again a target. >> the economy is doing really great for people like billionaires in the last three years, last three years, billionaires in this country saw an $850 billion increase in their wealth but you know what, for the...
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Feb 4, 2020
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robert frank has been digging into the numbers there >> it was just some incredible numbers over the past 24 hours musk gaining $4.5 billion richer over the past day. he's added 17 billion to his wealth in the past month half a billion dollars a day or $20 million an hour so far 2020. he's gained more this year than any other billionaire in the world with a total net worth of 45 billion, still only the 20th richest man in the world for him to pass jeff bezos as the world's richest person, tesla shares would have to hit 3,66 $5. now in order for him to get this big bonus, that would be more than $50 billion he would have to hit more than that share price plus meet a lot of other targets but by then, he would by my calculation but worth $175 billion if he hits that compensation bonus and be the richest man ever not beyond imagining after today's move guys, back to you. >> that compensation bonus is an added massive kicker as you say. when you u break it down per hour or per day, it really puts the rest of us in perspective. congrats to him. thank you. >> your life not making 20 million
robert frank has been digging into the numbers there >> it was just some incredible numbers over the past 24 hours musk gaining $4.5 billion richer over the past day. he's added 17 billion to his wealth in the past month half a billion dollars a day or $20 million an hour so far 2020. he's gained more this year than any other billionaire in the world with a total net worth of 45 billion, still only the 20th richest man in the world for him to pass jeff bezos as the world's richest person,...
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Feb 12, 2020
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i feel like we work together we're together a lot morgan brennan, hi clark kent, also known as robert frank. there's no phone booths. much more difficult. >> go to the starbucks there's always one somewhere. >> shares of bed bath & beyond plummeting the ceo says the company is experiencing in his words short term pain. citingen creased promotions, falling store traffic and inventory issues this is really pretty hideous. down about 20% on pace for the worst day ever for more, let's bring in and welcome cnbc.com retail reporter lauren thomas! lauren. >> hello. >> you hear that >> i can hear it, the applause great. >> how are you >> i wish we had that. >> i asked for that. we haven't met what the heck? >> why not >> the warm welcome joe is known for. >> they still don't sell beds. >> still don't sell beds you can get everything else beyond the bed. >> bed bath & beyond what really happened here? inventory. >> right i think they said it was a whole host of things, inventory management which a lot of retailers struggle with. not having the right things in store, out of stock in the holiday seaso
i feel like we work together we're together a lot morgan brennan, hi clark kent, also known as robert frank. there's no phone booths. much more difficult. >> go to the starbucks there's always one somewhere. >> shares of bed bath & beyond plummeting the ceo says the company is experiencing in his words short term pain. citingen creased promotions, falling store traffic and inventory issues this is really pretty hideous. down about 20% on pace for the worst day ever for more,...
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Feb 10, 2020
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here to break down the headlines are courtney reagan, robert frank and seema mody l brands is apparently sell victoria's secret to sycamore partners for more let's bring in lauren hirsch you broke this story >> i did >> it sounds like the sale is eminen eminent. is this the end of victoria's secret >> sycamore is an interesting firm, i don't know how familiar you are with it, but they bought staples. a lot of private equity firms passed on that deal because it seemed out of date sycamore had this vision, they still had a wonderful b-to-b business, we'll buy it for this business and deal with the retail business. >> is that working >> it appears to be. they're really known for being creative and strategic i don't think they're buying victoria's secret for its business-to-business but i suspect they have a non-obvious angle. the interesting history is they bought the sourcing business that used to be part of limited brands, which was l brands predecessor. they used that sourcing brand to build up the retail business i suspect they have a non-obvious entry way. >> it is fascinating to refle
here to break down the headlines are courtney reagan, robert frank and seema mody l brands is apparently sell victoria's secret to sycamore partners for more let's bring in lauren hirsch you broke this story >> i did >> it sounds like the sale is eminen eminent. is this the end of victoria's secret >> sycamore is an interesting firm, i don't know how familiar you are with it, but they bought staples. a lot of private equity firms passed on that deal because it seemed out of...
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Feb 19, 2020
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here with their takes on the headlines courtney reagan, robert frank and morgan brennan.h & beyond trying to solve quote purchase paralysis spending $400 million to declutter stores and upgrade the ceo saying too many options and lack of price clarity led to shoppers leaving empty handed and while shares up 8% on the week investors warming up to this as the day goes on but it make sense >> i think it could. i am reminded of macy's. i remember giving an example at one point, not so many years ago saying do we need 15 black pumps? it's a little overwhelming for folks. both on loon and in store. they come to us so that we cue rate fashion for them. and they cited examples where that did work and i think it could work i think you can go too far the other way. >> right no one ever says walmart suffers from too many options. >> i think walmart and target have many, many items and many, many different kinds of products and an article example is can openers. do you need 12 kinds maybe like three or four of the best whereas walmart probably doesn't have 12 can opinioneeners even a
here with their takes on the headlines courtney reagan, robert frank and morgan brennan.h & beyond trying to solve quote purchase paralysis spending $400 million to declutter stores and upgrade the ceo saying too many options and lack of price clarity led to shoppers leaving empty handed and while shares up 8% on the week investors warming up to this as the day goes on but it make sense >> i think it could. i am reminded of macy's. i remember giving an example at one point, not so...
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Feb 14, 2020
02/20
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here to for the headlines is robert frank, rahimo sullivan and dom chu.at this price action of smile direct club. sinking 15% after a nbc news report revealed complaints of hundreds of unhappy users. they talked about pain, broken teeth and nerve damage it is a rough go for the teeth straightening pioneer here down 40% since going public last year when's happening in the particular case and what's happening with direct to consumer start-ups going belly up lately. >> popular business model. >> the first thing i looked at was the story of what they were alleging and then smile direct puts out a statement which they should and which we should say they said that the nbc news report didn't ask any of the hundreds of thousands of satisfied customers how they felt about the product, as well. >> right. >> but when i did it, the markets guy in me says this is crazy. look at the stock action i turned to a competitor with this particular function. >> had been one of the best performers in the nasdaq. >> up on a down tape and certainly ripple effects going on from th
here to for the headlines is robert frank, rahimo sullivan and dom chu.at this price action of smile direct club. sinking 15% after a nbc news report revealed complaints of hundreds of unhappy users. they talked about pain, broken teeth and nerve damage it is a rough go for the teeth straightening pioneer here down 40% since going public last year when's happening in the particular case and what's happening with direct to consumer start-ups going belly up lately. >> popular business...
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Feb 4, 2020
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robert frank, thank you. >> thank you guys. >>> our next guest recently downgraded tesla with a price a, quote, aggressive blue-sky scenario only takes the stock to around $400 a share, a more than 50% cut from where it trades today tesla is also a key player in the autonomous vehicle race with competition from the likes of gm, uber, and more joining us now here at post 9 to break this down is morgan stanley's adam jonas great to have you. >> thanks for having me. i will correct you the blue-sky scenario was an extra $400 million on top of our $er 650 bull k if you want to dream big, tesla has the largest market of any company. a lot of room to dream >> i want to dig into that and into the move we've seen in tesla. first to the fact you've been writing extensively about autonomous vehicles and the future of mobility what does this landscape look like how does tesla fit in with other names including alphabet, which reported yesterday >> we've been writing about autonomous cars for about seven years across about ten sectors the technology is real it's a noble cause there are hundreds of
robert frank, thank you. >> thank you guys. >>> our next guest recently downgraded tesla with a price a, quote, aggressive blue-sky scenario only takes the stock to around $400 a share, a more than 50% cut from where it trades today tesla is also a key player in the autonomous vehicle race with competition from the likes of gm, uber, and more joining us now here at post 9 to break this down is morgan stanley's adam jonas great to have you. >> thanks for having me. i will...
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Feb 7, 2020
02/20
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here now with me dom chu, kate ronlgers and robert frank. a double hit for luxury today burr berry said the impact they had to close a third of chinese stores canada goose said it will erase any hope of growing the bottom line this year now expecting flatness and for the whole sort of handbag, clothes, luxury sector, chinese buyers 35 of the spending on handbags, 2% 20 years ago. >> i don't think there's any part of the economy as tied to asia and china as luxury you know, lock at the luxury watch companies down 11% last year they're getting clobbered in hong kong, the largest swiss watch market in the world. >> ferrari down in q4? pre-coronavirus? >> the slowdown in china due to tariffs and generally what was happening and see what happens in the first quarter and the high-end companies are tied to china and the question not just that but the supply chains, where i get my shirts made are made in china by a new york tailor i ordered the shirts, usually come in a week, a month and a half delayed and don't know when that factory will come back
here now with me dom chu, kate ronlgers and robert frank. a double hit for luxury today burr berry said the impact they had to close a third of chinese stores canada goose said it will erase any hope of growing the bottom line this year now expecting flatness and for the whole sort of handbag, clothes, luxury sector, chinese buyers 35 of the spending on handbags, 2% 20 years ago. >> i don't think there's any part of the economy as tied to asia and china as luxury you know, lock at the...
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Feb 24, 2020
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luxury names getting crushed this morning as a part of today's sell-off robert frank has more on that at headquarters. >> good morning, jon luxury has two problems today. the first is a slowdown with chinese consumers. they account for more than a third of all luxury spending now you have this outbreak in northern italy near milan, one of the global fashion capitals which is hosting fashion week. fashion week attracts tens of thousands of clients and designers to milan that was cut short sunday night when authorities restricted all public access to events. georgio armani holding his show to an empty the theater. bella hadid wearing protective masks. dolce & gabbana, prada, versace all among milan's famous brands facing questions about how they're going to staff and keep up production with all theelz closures you also have ferrari based just south of milan issuing a same today that it's closing its two museums there, banning access to employees from affected towns, suspending factory tours it will consider new measures as necessary. that stock rationed down over 5% today. shares of lvm
luxury names getting crushed this morning as a part of today's sell-off robert frank has more on that at headquarters. >> good morning, jon luxury has two problems today. the first is a slowdown with chinese consumers. they account for more than a third of all luxury spending now you have this outbreak in northern italy near milan, one of the global fashion capitals which is hosting fashion week. fashion week attracts tens of thousands of clients and designers to milan that was cut short...
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Feb 24, 2020
02/20
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you might be surprised how poorly they're doing seema mody looking at travel stocks and robert frankas a look at how bad luxury is being impacted phil lebeau, a bad day across the airlines today >> a terrible day, kelly this is all about the fear that we're going to see clusters of coronavirus like we're seeing in south korea and italy pop up in other regions around the world and that might hurt demand which is why you're seeing almost every airline stock around the world under major pressure the big three, delta, american, united, down 9.5 to 10% in the case of american ryan air, it's under pressure. there's a travel warning that's been issued for northern ireland for people going to italy. it's that kind of thing that have people saying, wait a second, what do you think demand is going to be like, aig, the parent of british airways. if you think it's just exposure to those -- no, those oriented as well. spirit which only flies here in the united states, down more than 10% kelly, this is a case where anybody is looking at the board and saying there's no place to hide right now >> ph
you might be surprised how poorly they're doing seema mody looking at travel stocks and robert frankas a look at how bad luxury is being impacted phil lebeau, a bad day across the airlines today >> a terrible day, kelly this is all about the fear that we're going to see clusters of coronavirus like we're seeing in south korea and italy pop up in other regions around the world and that might hurt demand which is why you're seeing almost every airline stock around the world under major...
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Feb 19, 2020
02/20
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for first time in las vegas as we're learning his plan for his business if he should get elected robert frankere is no law or rule preventing the president of the united states from owning or profiting from a company while in office. michael bloomberg says he would put his business into a blind trust, and the trust would then sell it if he was elected president. now, he owns nearly 90% of bloomberg lp, the financial data and news company estimated to be worth between 50 and $60 billion. revenues for that business topped $10 billion just last year over 300,000 paying customers for bloomberg lp and has about 20,000 employees worldwide now, there is a lot of questions around who could actually be a buyer to avoid conflicts, he says he would not allow a sale to a foreign buyer or to a private equity firm and given his dominance in the market data business, a sale to competitors like black rock or thompson reuters would probably raise antitrust issues some speculate that one of the big exchanges or maybe one of the new fin tech startups could be interested, but the price would likely be too high,
for first time in las vegas as we're learning his plan for his business if he should get elected robert frankere is no law or rule preventing the president of the united states from owning or profiting from a company while in office. michael bloomberg says he would put his business into a blind trust, and the trust would then sell it if he was elected president. now, he owns nearly 90% of bloomberg lp, the financial data and news company estimated to be worth between 50 and $60 billion....
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Feb 18, 2020
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here is brian sullivan, seema mody and robert frank. welcome, everybody first up, walmart a big story today. a tough fourth quarter the company saw its biggest earnings miss since 2015 remember, this is the holiday period its slowest e-commerce growth sales in two years and investors are slugging it off this afternoon. courtney reagan is fresh off the investor day at the nyse and her interview with the ceo court, what has changed the mood here >> you know what i think it is when you first look at the numbers fourth quarter, they weren't great. but when you dig into the results and listen to the executives, you realize the long-term walmart story is still intact they're investing in digital and trying to get those stores more productive they're making efficiencies out of a lot of things that may look inefficient because that's what walmart does best. they're just a very, very good operator and that digital growth still strong, up 35% for the quarter. they said, look, when you look at the entire year next year, we actually are looking for
here is brian sullivan, seema mody and robert frank. welcome, everybody first up, walmart a big story today. a tough fourth quarter the company saw its biggest earnings miss since 2015 remember, this is the holiday period its slowest e-commerce growth sales in two years and investors are slugging it off this afternoon. courtney reagan is fresh off the investor day at the nyse and her interview with the ceo court, what has changed the mood here >> you know what i think it is when you first...
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Feb 3, 2020
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robert frank joins us with some of the details of michael bloomberg's newest proposal.? >> good morning, andrew. michael bloomberg's tax plan would raise $5 trillion over ten years, mainly from the wealthy and companies, to pay for his education, health care and housing programs now, the plan is more than 50% higher than joe biden's but less than a quarter of the totals of those by irjts it would add a 5% surtax on those making 5 million a year so the top federal tax rate would be 44.6% he would also raise the corporate tax rate to 28% and this is the biggest change, tax capital gains the same as ordinary income for those making over $1 million. which means if you have a capital gain selling a top stock it would go to the very wealthy 44.6 it would be 56% or more if you live in new york and oracle cal. he would also end the step up in basis when unrealized gains are not taxed after death and then he would also change carried interest your favorite and he would expand it. >> he's hitting a lot of the issues that i have talked about. i have talked about the carried intere
robert frank joins us with some of the details of michael bloomberg's newest proposal.? >> good morning, andrew. michael bloomberg's tax plan would raise $5 trillion over ten years, mainly from the wealthy and companies, to pay for his education, health care and housing programs now, the plan is more than 50% higher than joe biden's but less than a quarter of the totals of those by irjts it would add a 5% surtax on those making 5 million a year so the top federal tax rate would be 44.6%...
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Feb 14, 2020
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. >>> welcome back fresh data shows that ceos spent more than $2 million on political donation robert frank biggest political donation by an s&p 500 ceo was reed haysings, the ceo of netflix. he gait it to the senate majority pac the next is warren buffett, $245,000 to the democratic congressional campaign committee. jay adair, the ceo of copart, he gait just under $200 to republican causes. jeffrey sprecher gave $100,000 to the rnc fred smith of fedex, greg brown and lance ryan also among the biggest republican donors. guys, back to you. >>> so, robert, i just want to get this straight, you are teasing ahead to this. we're not seeing any donations from major ceos or folks in corporate america to bernie sanders? >> no, we haven't seen any donation from ceos to any individual candidate yet that could come once we know who the democratic candidate is and once we head into the general election so far not only none to bernie sanders, but none to any other candidates, but that will likely change as we get deeper in the election cycle. >> robert, thank you. >>> guys >> still to come, they say lov
. >>> welcome back fresh data shows that ceos spent more than $2 million on political donation robert frank biggest political donation by an s&p 500 ceo was reed haysings, the ceo of netflix. he gait it to the senate majority pac the next is warren buffett, $245,000 to the democratic congressional campaign committee. jay adair, the ceo of copart, he gait just under $200 to republican causes. jeffrey sprecher gave $100,000 to the rnc fred smith of fedex, greg brown and lance ryan...
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Feb 18, 2020
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. >>> robert frank has the details for us bloomberg made his portion from selling data on wall streetposing a tax on every trade. and a tax of $4.20 similar to a tax opposed by alexandria ocasio cortez elizabeth warren, "the boston globe" and bernie sanders hav r have -- over ten year, so that's only about a 2% increase in federal revenue. that compares to the $5 trillion that bloomberg's overall tax plan would seek to raise is the bulk of this tax would be maid by the wealthy, saying two thirds would be paid by the top 10% of earners the chaim better of commerce says this is a regressive tax on main street retirement and savings guys, back to you. >> robert, we discussed this earlier, the financial transactions tax, it grabs the headlines as someone who is so linked to the wall street trading environment, but it's not groundbreaking i don't think it hits banks that hard, in fact already exists in other places like the uk, in fact the rate that bernie sanders proposes >> there are dozens of countries that had it. the u.s. had it for a short time it was it was repealed by kennedy in th
. >>> robert frank has the details for us bloomberg made his portion from selling data on wall streetposing a tax on every trade. and a tax of $4.20 similar to a tax opposed by alexandria ocasio cortez elizabeth warren, "the boston globe" and bernie sanders hav r have -- over ten year, so that's only about a 2% increase in federal revenue. that compares to the $5 trillion that bloomberg's overall tax plan would seek to raise is the bulk of this tax would be maid by the...
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Feb 11, 2020
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. >>> tom steyer is spending more on ads in new hampshire than all of his rivals combined robert franknearly 50 million leading up to today's primary. over $19 million into just tv ads, and nearby bernie sanders comes in a distant second, followed by pete buttigieg and joe biden only spending around $300,000. i think he already left. state. satire also leads on digital so, you know, unclear right now, he's polling fifth or sixth. there's a benefit of a backlash. this will be either his gateway or his waterloo. >> so crazy that there's two billionaires in this contest between satire and bloomberg bloomberg has purchased now boston ads tend to bleed over to the new hampshire broadcast market, so the only two ads are the two billionaire candidates, one of whom is not even on the ballot already people are writing in mike bloomberg on the ticket but it is crazy in the democratic party leaning left. >> all right robert, thank you. >>> cannabis stocks have gotten crushed in recent months up next irwin simon is here to discuss the problem and when we could see a turnaround there woman: what do
. >>> tom steyer is spending more on ads in new hampshire than all of his rivals combined robert franknearly 50 million leading up to today's primary. over $19 million into just tv ads, and nearby bernie sanders comes in a distant second, followed by pete buttigieg and joe biden only spending around $300,000. i think he already left. state. satire also leads on digital so, you know, unclear right now, he's polling fifth or sixth. there's a benefit of a backlash. this will be either his...
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Feb 24, 2020
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robert frank has details for us. >> milan's big fashion week cut short when authorities restricted all access to the event. now facing questions about stocking, and it's close two museums. that stock down around 5 a% today. guys, back to you. >> it's also the supply and the demant problem, right? >> then they rely on the consumer as well 80% of growth, so that's the demand side in china, already a problem. now you have the supply side and production issues, especially milan, unclear whether you can get these people to the factories and staff them, even in the u.s. remains strong. >> robert, thank you very much >> the glom growth question becomes so much more pertinent, and whether i guess the key difference here is the central bank does have a bit of room to react. >> i don't totally discount that he will do something if you look at the ten-year treasury, it is essential applies a growth rate, and, you know, you can take that off the global gdp as well this is why i say a lot of this negativity is getting priced in. chances are the u.s. will not just go at 1.7%, and chances are china w
robert frank has details for us. >> milan's big fashion week cut short when authorities restricted all access to the event. now facing questions about stocking, and it's close two museums. that stock down around 5 a% today. guys, back to you. >> it's also the supply and the demant problem, right? >> then they rely on the consumer as well 80% of growth, so that's the demand side in china, already a problem. now you have the supply side and production issues, especially milan,...
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Feb 3, 2020
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. >>> democratic presidential candidate, mike bloomberg, unveiling his tax plan robert frac robert franketails. >> mike bloomberg's $5 trillion plan is less than a quarter of the size of elizabeth warren or bernie sanders'. he would hike the top income tax rate for 44.6% and raise the corporate tax rate to 28% and tax capital gains he would hike to 46%. that's for those making more than $1 million a year he would get rid of carried interest one thing you will not see is a wealth tax this for a man worth $60 billion. he would pay more than $10 billion a year under the warren or sanders wealth tax. >> if he wanted to sell any stake in his company, he'd be hit with a 56% capital gains tax. the factors that stand out most in terms of surprising stark contrast for an entrepreneur and our audience, for that matter, it is the capital gains tax number. >> it's huge you're right to point out the 56% rate, which would be the rate if you live in california or new york, as he does. because you're adding the state and local as well as the federal rate which because of that $5 million sort of surcharg
. >>> democratic presidential candidate, mike bloomberg, unveiling his tax plan robert frac robert franketails. >> mike bloomberg's $5 trillion plan is less than a quarter of the size of elizabeth warren or bernie sanders'. he would hike the top income tax rate for 44.6% and raise the corporate tax rate to 28% and tax capital gains he would hike to 46%. that's for those making more than $1 million a year he would get rid of carried interest one thing you will not see is a wealth...
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Feb 19, 2020
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robert frank joins us at post 9 with more on that plan unveiled yesterday. >> yeah, yesterday, basically two years ago mike bloomberg took the stage at an imf meeting and warned of the dangers of taxing the rich >> you can take money from the rich and move it over to the poor if you do it too much then the rich stop producing and everybody loses. >> okay. that was then. now that he is running for the democratic nomination bloomberg has called for higher taxes on the wealthy and more help for those at the bottom. his latest is the financial transactions tax he announced that yesterday. it will be a 0.1% tax on any sale of a stock, bond, or derivative and is expected to raise between $700 billion and $800 billion over ten years on top of the more than $5 trillion in new taxes he has proposed to pay for infrastructure, health care, and education programs he would raise the top rate from 37% to 44.6% and raise the corporate rate from 21% to 28% he would tax capital gains the same as ordinary income for those making more than $1 million a year bloomberg saying, quote, fixing inequality is my
robert frank joins us at post 9 with more on that plan unveiled yesterday. >> yeah, yesterday, basically two years ago mike bloomberg took the stage at an imf meeting and warned of the dangers of taxing the rich >> you can take money from the rich and move it over to the poor if you do it too much then the rich stop producing and everybody loses. >> okay. that was then. now that he is running for the democratic nomination bloomberg has called for higher taxes on the wealthy...
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Feb 4, 2020
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heading to new hampshire for next week's and want to know more about the tax plans and for that robert frankle this morning. >> one of the issues at the heart of the primaries is the wealth tax but opposed by buttigieg, biden and lots of other candidates a new study finds that the wealth tax could lead to a massive takeover of u.s. assets by overseas investors. so sanders wealth tax starts at 1% for individuals with $60 million or more rising to 8% for individuals with 5 billion or couples with 10 billion or more. he said it raise 4.4 trillion over 10 years. because overseas investors would not face a wealth tax they would have a substantial economic advantage over americans and buying and holding assets. they would all be effectively cheaper for overseas buyers. and international investors would replace home grown billionaires as owners of capital. the u.s. investor worth 25 million and they own a bond that returns 5% a year. the effective tax rate for americans would be 40% that's of course before any income or capital gains tax but a foreign buyer wouldn't pay any and would drive up the v
heading to new hampshire for next week's and want to know more about the tax plans and for that robert frankle this morning. >> one of the issues at the heart of the primaries is the wealth tax but opposed by buttigieg, biden and lots of other candidates a new study finds that the wealth tax could lead to a massive takeover of u.s. assets by overseas investors. so sanders wealth tax starts at 1% for individuals with $60 million or more rising to 8% for individuals with 5 billion or...
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Feb 18, 2020
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robert frank joins us with that story. >> good morning.t time ever. michael bloomberg is already outspending president trump by more than 50%. now political ad spending could reach $1.3 billion this election that's according to e marker that would be the highest ever and would be more than three times the spending in 2016 now about 800 million of that will go to facebook. google will get a little over 200 million but those numbers could go higher with bloomberg he just surpassed president trump in digital spending with $71 million compared to trump's 43 million about half of his spending is on facebook and about half on google bloomberg is now spending an average of $1 billion a day just on facebook five times what trump is spending right now. his campaign is saying they still lag in terms of voter data and targeting. >> they're investing in swing voters and base voters in battleground states. >> his biggest ad spends are in florida, arizona, pennsylvania, texas and north carolina and georgia. in total when you include tv, radio and digita
robert frank joins us with that story. >> good morning.t time ever. michael bloomberg is already outspending president trump by more than 50%. now political ad spending could reach $1.3 billion this election that's according to e marker that would be the highest ever and would be more than three times the spending in 2016 now about 800 million of that will go to facebook. google will get a little over 200 million but those numbers could go higher with bloomberg he just surpassed president...
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Feb 14, 2020
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robert frank is -- what does he do he follows the money. >> the big money. >> the big money this seasonical campaigns. that's in the fourth quarter most of that to republicans. a cnbc analysis of the s&p 500 shows that 12 of the top 15 spenders are republicans but the two biggest donors were democrats. he was the biggest donor in the fourth quarter writing a 5,000 dollars donation helping democrats in senate racing warren buffet gave 245,000 to the congressional campaign committee. that helps democrats protect their majority in the house. now ranking third, someone i hadn't heard of, he's the ceo of the auto salvage company and gave just under $200,000 to republican causes with 95 paid to republican national committee. now the intercontinental exchange gave $100,000 to the rnc. fed smith of fedex and greg brown of motorola solutions. this is just one quarter obviously they aren't huge numbers but we're going to follow this all the way through november. >> did anybody really say they're not taking big donors? money from big donors? >> i think so far elizabeth warren and bernie sanders, t
robert frank is -- what does he do he follows the money. >> the big money. >> the big money this seasonical campaigns. that's in the fourth quarter most of that to republicans. a cnbc analysis of the s&p 500 shows that 12 of the top 15 spenders are republicans but the two biggest donors were democrats. he was the biggest donor in the fourth quarter writing a 5,000 dollars donation helping democrats in senate racing warren buffet gave 245,000 to the congressional campaign...
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Feb 11, 2020
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robert frank joins us right now with the numbers and by the way, one guy seems to have already won. >he money raised. >> but you saw that he got a couple of votes. >> that and that money guy. >> we'll talk about that in a second. >> democratic candidates spending nearly $50 million in tv ads leading up to today's primary but one candidate o outspent them all. that's the billionaire he has poured $19 million into tv ads running in new hampshire and nearby states. bernie sanders comes in a distant second followed by pete buttigieg with 3.7 million elizabeth warren behind at 1.5 also spending a third of all and $600,000 on ads compared to 141,000 for sanders. michael bloomberg is not on the ballot in new hampshire but the market, new hampshire voters are seen and over $30 million and spent 3 million and sffinished first. >> do you think he's taking a pa page. >> i think it was that i think it started before that when he felt like it was either going to be his break out or his waterloo and he needed to get big in new hampshire i don't think he's spending nearly as much. >> bernie is at 80
robert frank joins us right now with the numbers and by the way, one guy seems to have already won. >he money raised. >> but you saw that he got a couple of votes. >> that and that money guy. >> we'll talk about that in a second. >> democratic candidates spending nearly $50 million in tv ads leading up to today's primary but one candidate o outspent them all. that's the billionaire he has poured $19 million into tv ads running in new hampshire and nearby states....
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Feb 19, 2020
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the spotlight will be on his $5 trillion tax plan and how his message changed over the years robert frank all of it. >> good morning, andrew. two years ago mike bloomberg took to the stage at an imf meeting and warned of the dangers of taxing the rich. >> you can take money from the rich and move it over to the poor if you do it too much, then the rich stock producing and everybody loses. now that he's running. they're imposing it. that's on top of the more than $5 trillion taxes he's proposed to pay for infrastructure, health care and he's raising the top tax rate from 37 to 44.6% and raised a corporate tax rate from 21 to 28% capital gains will be taxed the same as ordinary income making more than $1 million a year. bloomberg says fixing inequality is my priority and that the rewards of the economy are too far concentrated at the top. the tax foundation said it will increase tax burden on saving, investing and working in the u.s. while reducing global competitiveness in the u.s. economy. >> question for you. i write some news that suggest that his plan is more aggressive than elizabeth
the spotlight will be on his $5 trillion tax plan and how his message changed over the years robert frank all of it. >> good morning, andrew. two years ago mike bloomberg took to the stage at an imf meeting and warned of the dangers of taxing the rich. >> you can take money from the rich and move it over to the poor if you do it too much, then the rich stock producing and everybody loses. now that he's running. they're imposing it. that's on top of the more than $5 trillion taxes...
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Feb 9, 2020
02/20
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, changing gears, it's oscar night and tonight one of the nominated films is the irishman, robert de niro franksclaimed to have shot jimmy hoffa, hoffa disappeared in 1975 and irishman has been blasted by some critics as not being true from the washington post to vanity fair to the daily beast and slight experts quoted as saying, the film got it wrong, well, de niro says he believes the story and fox nation we have been investigating the facts an prepare -- we have been calling to release files for the wonderful hoffa family, the truth is in the fbi files about who shot hoffa, we learn everything about what they have been hiding for decades, for more watch riddle the search for james r. hoffa pagas lo que necesitas. only pay for what you need... only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ but maybe not for people with rheumatoid arthritis. because there are options. like an "unjection™". xeljanz xr, a once-daily pill for adults with moderate to severe ra for whom methotrexate did not work well enough. xeljanz xr can reduce pain, swelling and further joint damage, even wit
, changing gears, it's oscar night and tonight one of the nominated films is the irishman, robert de niro franksclaimed to have shot jimmy hoffa, hoffa disappeared in 1975 and irishman has been blasted by some critics as not being true from the washington post to vanity fair to the daily beast and slight experts quoted as saying, the film got it wrong, well, de niro says he believes the story and fox nation we have been investigating the facts an prepare -- we have been calling to release files...
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Feb 21, 2020
02/20
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frank. >> robert mueller, special counsel, told us when he testified on the hill, brian, it's happening right now. he said it in his written report after his special counsel inquiry. the last actual dni director of national intelligence that we had, dan coats, put it in an annual report. said this is the new battle field, political, social propaganda and cyber warfare. and yet the trump administration has done absolutely nothing. and now the trump administration reportedly is on notice. and the lawmakers that we put in office are on notice. they can no longer use the defense that they used previously. you didn't tell the president. he didn't know. why did you start an investigation without telling him? that defense is gone. and now, so, my position is there's likely federal law being broken here. how? well, we indicted a couple dozen russians for doing the interference in 2016. there's crimes being committed. there's social media fraud, cyber fraud, hacking. something is going on to aid the democratic primaries, reportedly, and so if the lawmakers and the president do nothing about it, having
frank. >> robert mueller, special counsel, told us when he testified on the hill, brian, it's happening right now. he said it in his written report after his special counsel inquiry. the last actual dni director of national intelligence that we had, dan coats, put it in an annual report. said this is the new battle field, political, social propaganda and cyber warfare. and yet the trump administration has done absolutely nothing. and now the trump administration reportedly is on notice....
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Feb 2, 2020
02/20
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this week, it is the epic crime drama that's made made robert de niro young again — these are the secrets behind the irishman. frankre's a lot of tough guys around here. did he tell you? you're not afraid of tough guys, are you? i did not think so. the movie starts with robert de niro let's say at, i don't know, 28 or 30, then he goes 36, then he goes 42, then a7, then 55, then 62, then he moves on. marty said to me, "be careful what you wish for because these actors are not going to want markers and helmet cams or any kind of little cameras in front of them. they also are going to want to be on set, with theatrical lighting, and we are not going to go somewhere else." when we started developing this new way of capturing performances, there was nothing available for us. i mean, the only way to capture performances were through a marker system, so we had to find a way to find something else beside the markers. we did a test with robert de niro in new york, which we recreated a scene from goodfellas. there was a film camera in the centre for the director, and then two witness cameras on the sides. we found out really
this week, it is the epic crime drama that's made made robert de niro young again — these are the secrets behind the irishman. frankre's a lot of tough guys around here. did he tell you? you're not afraid of tough guys, are you? i did not think so. the movie starts with robert de niro let's say at, i don't know, 28 or 30, then he goes 36, then he goes 42, then a7, then 55, then 62, then he moves on. marty said to me, "be careful what you wish for because these actors are not going to...
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frank sinatra. >> ule breyner. >> reporter: yule brenner, yeah. eddie fisher. robert steele. elizabeth taylor, too.lywood's original leading men. >> so long, gracie. i got to be going. >> reporter: more than 80 films. it was 1949's "champion" that would make him a star, and earn him is first oscar nomination. >> for the first time in my life, people cheering for me. >> reporter: but it was "spartacus" in the 1960s that showed his strength on and off screen. >> what's your name, slave? >> spartacus. >> reporter: douglas in the leading role. and at the time, hollywood, america was consumed by the blacklist. >> are you now or ever been a member of the communist party? >> reporter: the hearings, the writers, the actors called before congress amid accusations they were communists. >> it was the worst time in hollywood. >> reporter: do you remember being silenced yourself by the fear? >> well, everybody told me i was crazy. >> reporter: he says they told him he was crazy to put his own career on the line, when he hired one of those writers on the blacklist, dalton trumbo, who had been writing under an as
frank sinatra. >> ule breyner. >> reporter: yule brenner, yeah. eddie fisher. robert steele. elizabeth taylor, too.lywood's original leading men. >> so long, gracie. i got to be going. >> reporter: more than 80 films. it was 1949's "champion" that would make him a star, and earn him is first oscar nomination. >> for the first time in my life, people cheering for me. >> reporter: but it was "spartacus" in the 1960s that showed his strength...
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Feb 13, 2020
02/20
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robert kosta. nbc news correspondent, carol lee and frank frksz igliuzzo. andr andrew weiszman. andrew weiszman, i start with you. four prosecutors quitting a case is something that's been described as extraordinary. just take me through inground truth of what it's like there right now. >> so, just to get you a sense of what they went through. so, imagine a defendant is facing sentence for having sold ten pounds of cocaine and the guidelines and the law and the facts are clear what you're supposed to do. that if it's ten pounds you get a certain guideline. and because the person is rich, white and knows the attorney general and the president of the united states, your boss comes in and says i'd like you to fudge the facts in the law. let's pretend it's a pound. that is the difference between the initial memo that went in by career prosecutors and the amended submission that was put in that led to four people resigning, which is that they were not going to fudge the facts or the law. >> so this sounds like an explanation more logical to people who live outside doj they met the gu
robert kosta. nbc news correspondent, carol lee and frank frksz igliuzzo. andr andrew weiszman. andrew weiszman, i start with you. four prosecutors quitting a case is something that's been described as extraordinary. just take me through inground truth of what it's like there right now. >> so, just to get you a sense of what they went through. so, imagine a defendant is facing sentence for having sold ten pounds of cocaine and the guidelines and the law and the facts are clear what you're...
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>> she was married to robert stevenson, who was a cousin of annie ralston, frank james' wife.rank was jesse's brother. >> so it makes complete sense that sandy's ancestor would have a picture of her infamous in-law. did sandy know any of this? >> she knew none of it. it was her three-times great-grandmother's first husband, not the line she was from. so she had just totally missed what the relationship was. >> she did all the proof going down and wrote about the family-tree lines, which was really cool. >> freda even pinpoints the most likely photographer in st. joseph, missouri, rudy uhlman. so, how'd you figure out he's the photographer? it doesn't have his name on it. it doesn't even have a date. >> he's the only photographer of any standing in "saint joe" at that time, and he ended up taking the death photo. >> freda believes bob ford and jesse james posed for the tintype at uhlman's studio just weeks before his death, while the ford brothers were holed up at the outlaw's home in st. joseph. auctioneer robb burley is now convinced the item's ready to sell. your dream team
>> she was married to robert stevenson, who was a cousin of annie ralston, frank james' wife.rank was jesse's brother. >> so it makes complete sense that sandy's ancestor would have a picture of her infamous in-law. did sandy know any of this? >> she knew none of it. it was her three-times great-grandmother's first husband, not the line she was from. so she had just totally missed what the relationship was. >> she did all the proof going down and wrote about the...
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Feb 25, 2020
02/20
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their visits to the capital and in robert lewandowski, they have got one of the most feared strikers in europe. 42 goals in 38 games in all competitions this season, so franks season, so frank lampa rd and chelsea competitions this season, so frank lampard and chelsea know that they are going to have to be at their very best if, over these two legs, they are going to reach the quarterfinals of the champions league for the first time since 2014. chris at stamford bridge, thanks forjoining us. well, one of the key protagonists at the tottenham hotspur stadium in the autumn was the former arsenal player serge gnabry. despite not cutting it in the premier league as a teenager, with 15 goals this season — including four in that spurs game — he's flying. we've been to meet the forward and surprise fashion icon. have you got a good side? i don't know. i hope both. i'm not picky, i'm not picky. to be honest, it's always a little bit weird for me to be in front of cameras and posing because, you know, when you play matches, you just kind of forget it and when you are in a studio, it is only you and not 11 other players to focus on, so i am not really the best at it
their visits to the capital and in robert lewandowski, they have got one of the most feared strikers in europe. 42 goals in 38 games in all competitions this season, so franks season, so frank lampa rd and chelsea competitions this season, so frank lampard and chelsea know that they are going to have to be at their very best if, over these two legs, they are going to reach the quarterfinals of the champions league for the first time since 2014. chris at stamford bridge, thanks forjoining us....
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Feb 19, 2020
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frank sommerville. >> the latest person to go missing is a 76-year-old robert bennett heard he was last seen yesterday adding to it trail off lucas valley road, two more people, a 77-year-old woman and her 72-year-old husband were last seen on friday. >> the search is going on off lucas valley road, robert bennett was last seen at 1:20 as he was walking toward a trailhead, his car was still there today. we've got some developing news tonight from debora villalon who was at the sheriff's command post . >> reporter: relatives reported bennett missing when he did not return home last night. now they are here at the command post keeping an anxious wait inside. about 50 ground searchers are working through the night. >> it sounds like he was known to hike this area. >> robert bennett, 76 from novato, the subject of an intense search by air and ground with volunteers climbing big rock ridge in lucas valley. >> they are steep, this is what you get, so when you are hiking up its this much pack. >> not a surprise since bennett is a familiar sight on the street. >> he is always hiking up here, two or three time
frank sommerville. >> the latest person to go missing is a 76-year-old robert bennett heard he was last seen yesterday adding to it trail off lucas valley road, two more people, a 77-year-old woman and her 72-year-old husband were last seen on friday. >> the search is going on off lucas valley road, robert bennett was last seen at 1:20 as he was walking toward a trailhead, his car was still there today. we've got some developing news tonight from debora villalon who was at the...
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Feb 8, 2020
02/20
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frank. he received a tony nomination in 1961 for best featured actor actor. survived by his wife and four children. also robertwho started in the 60s television series, wild wild west has died. chicago native, red was also known for playing a real life world war ii pilot and the dra drama, bob bob black sheep. another memorable role was batteries. he challenged to knocked the battery off his shoulders and come on, i dare you. his family saying he died today of heart failure in malibu, california. he was 84 years old. investigators releasing new details on the blast months after crash in socal. it killed kobe bryant and his daughter along with seven other people. the report released friday shows the private nearly found his way out of cloudy conditions. coming within about 100 feet of clear skies. officials also say the wreckage shows no sign of engine failure. a public memorial for the victims scheduled february 24 at the staples center in los angeles. a second chance for the x fl, the league got started and ended in 2001 is back bringing spring football to the united states. eighteen camping trip games will t
frank. he received a tony nomination in 1961 for best featured actor actor. survived by his wife and four children. also robertwho started in the 60s television series, wild wild west has died. chicago native, red was also known for playing a real life world war ii pilot and the dra drama, bob bob black sheep. another memorable role was batteries. he challenged to knocked the battery off his shoulders and come on, i dare you. his family saying he died today of heart failure in malibu,...
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Feb 15, 2020
02/20
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frank conversations and best understand where this is coming from. >> reporter: well that scrutiny will only get more intense with only about two weeks of campaigning left before the primary. -in palo alto, robert handa, nbc bay area news. >> all of the candidates are targeting california before super-tuesday. bernie sanders is in the east bay on monday, a presidents' day rally in richmond at the crane way pavilion and we expect 3,000 people for that rally. amy klobuchar picked up new support today, a key endorsement from the bay area news group, known as bang. that includes the mercury news and east bay times. saying she's the best choice for the democrats to win back the presidency. and on the republican side, president trump will be in palm springs on wednesday for a fundraiser hosted by oracle boss larry ellison. our website is a good resource for super-tuesday. we have a complete voter guide highlighting issues if every county. just go to nbcbayarea.com/election guide. >>> oakland mayor is taking a stand against the trump administration plan deployment against sanctuary cities. when the "new york times" reported 100 border patrol officers were assigned to ten sanctuary cities mayor schaff
frank conversations and best understand where this is coming from. >> reporter: well that scrutiny will only get more intense with only about two weeks of campaigning left before the primary. -in palo alto, robert handa, nbc bay area news. >> all of the candidates are targeting california before super-tuesday. bernie sanders is in the east bay on monday, a presidents' day rally in richmond at the crane way pavilion and we expect 3,000 people for that rally. amy klobuchar picked up...
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Feb 20, 2020
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frank. that particular selection came across better than maybe some other appearances last night, but robertkey question is he does have policies to address this does he successfully get them across >> i think he did himself a disservice on two fronts number one, he didn't deflect the wealth question by saying i may be wealthy, but i'm a traitor to my class, and more than three times what hillary clinton was proposes in 2016 that's number one. he didn't put forth the policies that are anti-wealth instead the focus was about the billions he has. number two, he didn't talk about his sort of upbringing from nothing. this is a guy who grew up? suburban boston, got laid off from wall street, started his company on his hone, became successful, now giving it to charity. so it all became a debate where everyone was pointing to him saying he's rich, so therefore he's discredited who is the toughest? >> by far bernie sanders you look at his policies, he's looking to raise something like $20 trillion but this is a party, remember, used to criticize policies that favored the wealthy. now they're critici
frank. that particular selection came across better than maybe some other appearances last night, but robertkey question is he does have policies to address this does he successfully get them across >> i think he did himself a disservice on two fronts number one, he didn't deflect the wealth question by saying i may be wealthy, but i'm a traitor to my class, and more than three times what hillary clinton was proposes in 2016 that's number one. he didn't put forth the policies that are...
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Feb 9, 2020
02/20
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embrace diversity robert oulds al-jazeera los angeles and al-jazeera is out for an oscar the film's st louis superman is nominated for best documentary short subject it's the story of bruce frank's chain you're a ferguson activist and battle rapper who runs for state office and now is flying doing 5 job yes i have to would like to say it's not you don't learn about using something else happened on august. 18th it's going to play when you see something like this i saw me i saw my son in 15 i saw things that i mean. and i felt like you know at this my time to stand. and you can watch st louis superman info on witness 2030 g.m.t. on sunday february 9th for us here is can watch of the witness edith and of course we wish them all the best still to come in the sports pakistan's teenage boy who sensation makes history all the details coming up just over a minute's time. frank assessments the one thing about these bush fires is that really wiped them out the politics of climate change informed opinions economy i think is actually what's keeping donald trump afloat right now critical debate sequel of those 2 school children know what the law is all 'd about this argument is astonishingly
embrace diversity robert oulds al-jazeera los angeles and al-jazeera is out for an oscar the film's st louis superman is nominated for best documentary short subject it's the story of bruce frank's chain you're a ferguson activist and battle rapper who runs for state office and now is flying doing 5 job yes i have to would like to say it's not you don't learn about using something else happened on august. 18th it's going to play when you see something like this i saw me i saw my son in 15 i saw...