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Apr 11, 2023
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. >>> and we have robert frank laying out the steps the irs is taking to put the squeeze on tax evaders more when "worldwide exchange" returns. stay with us (seth) and when i switched, i got to choose the phone i wanted. for free. not bragging. (cecily) you're bragging. (neighbor) oh, he's bragging. (seth) who, me? never. oh, excuse me. hello, your royal highness, sir... (cecily) okay, that's a brag. (seth) hey, mom. i gotta call you back. (vo) switch and choose the phone you want, like the incredible iphone 14, on us. (cecily) on the network worth bragging about. (vo) verizon power e*trade's award-winning trading app makes trading easier. with its customizable options chain, easy-to-use tools, and paper trading to help sharpen your skills, you can stay on top of the market from wherever you are. power e*trade's easy-to-use tools make complex trading less complicated. custom scans help you find new trading opportunities. while an earnings tool helps you plan your trades and stay on top of the market. >>> wielcome back to "worldwide exchange." now to china and the exercises in taiwan. th
. >>> and we have robert frank laying out the steps the irs is taking to put the squeeze on tax evaders more when "worldwide exchange" returns. stay with us (seth) and when i switched, i got to choose the phone i wanted. for free. not bragging. (cecily) you're bragging. (neighbor) oh, he's bragging. (seth) who, me? never. oh, excuse me. hello, your royal highness, sir... (cecily) okay, that's a brag. (seth) hey, mom. i gotta call you back. (vo) switch and choose the phone you...
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Apr 17, 2023
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good morning, robert >> good morning, frank tax refunds running 10% below the average refund now at $1,923wn from last year. the irs handed out less in total refunds. the lowest level in ten years. analysts say the $20 billion drop could add downward pressure on the economy jef j jeffries say this could be a drag on consumer spending. walmart citing lower refund checks as a reason for the low investor day the child tax credit fell from as high as $3,600 per child during the pandemic it now only $2,000 max for many working families, tax refunds are the biggest one-time refund of the year frank, interesting to see the first quarter results for home depot and target and walmart of the world where the working families which relied on tax refunds for the special one-time spending and if this starts to impact earnings. >> certainly something to watch. i did my taxes already i don't know about you tax season is not over is it possible this number could get better >> there is a chance, but most people who are getting a refund or expecting a refund from the irs do taxes early as early as possible t
good morning, robert >> good morning, frank tax refunds running 10% below the average refund now at $1,923wn from last year. the irs handed out less in total refunds. the lowest level in ten years. analysts say the $20 billion drop could add downward pressure on the economy jef j jeffries say this could be a drag on consumer spending. walmart citing lower refund checks as a reason for the low investor day the child tax credit fell from as high as $3,600 per child during the pandemic it...
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Apr 13, 2023
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robert frank lays out how younger consumers are breathing life into the sales of watches we will have that and more when "worldwide exchange" returns stay with us go. go scientist. go software. go cure. go production. go faster and safer. emerson automation software helps breakthrough medicines get to market at warp speed. go human go. go boldly. emerson. ♪♪ at morgan stanley, old school hard work meets bold new thinking. ♪♪ partnering to unlock new ideas, to create new legacies, to transform a company, industry, economy, generation. because grit and vision working in lockstep puts you on the path to your full potential. old school grit. new world ideas. morgan stanley. >>> welcome back to "worldwide exchange." big money mover. shares of lvmh touching a record high the luxury company reporting a 17% rise in sales. lvmh carrying other names with it hermes and kering and moncler all higher this morning. >>> and prices for high end timepieces facing prior essure last year, but new owners moving in we have robert frank with more >> i follow the money, frank prices for collectible watches
robert frank lays out how younger consumers are breathing life into the sales of watches we will have that and more when "worldwide exchange" returns stay with us go. go scientist. go software. go cure. go production. go faster and safer. emerson automation software helps breakthrough medicines get to market at warp speed. go human go. go boldly. emerson. ♪♪ at morgan stanley, old school hard work meets bold new thinking. ♪♪ partnering to unlock new ideas, to create new...
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Apr 4, 2023
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robert frank, thank you very much really cool inside the lambo lounge k >>> carl, we continue to fallce we've been on, since we got the job openings data, which was weaker the original impulse was to buy on that, weaker data, the fed will have to move less we've moved into a period of worrying about the economy, down 250 on the dow financials are getting hit the hardest on worries about the economy. >> valero down 7%. caterpillar, the big dow laggard, got defended at bofa. they said, look, opec defending oil prices, china, mining supply chain, no longer a problem that's not helping today. >> no, it's good news. >> a moment ago we looked at how 330 has been defended i think four times so far this year. >> lower yield and a weaker dollar reflects the concern about the economy. not excited as much about lower interest rates thinking of weaker earnings and weaker growth >> to post 9 and the judge >>> guys, thanks so much welcome. i'm scott wapner front and center this hour the goldrush as the precious metal tops $2,000 this week for the first time in a year and a move from our own josh br
robert frank, thank you very much really cool inside the lambo lounge k >>> carl, we continue to fallce we've been on, since we got the job openings data, which was weaker the original impulse was to buy on that, weaker data, the fed will have to move less we've moved into a period of worrying about the economy, down 250 on the dow financials are getting hit the hardest on worries about the economy. >> valero down 7%. caterpillar, the big dow laggard, got defended at bofa. they...
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Apr 18, 2023
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we appreciate it, and phil lebeau we're going to get frank next hour on "power lunch" because robert franker mathisen i'll see you right after this break. there he is. back when i had a working circulatory system, you had to give your right arm to find great talent. but with upwork, there's highly skilled talent from all over the globe. right at your fingertips. ♪ this is how we work now ♪ ah, these bills are crazy. she has no idea she's sitting on a goldmine. well she doesn't know that if she owns a life insurance policy of $100,000 or more she can sell all or part of it to coventry for cash. even a term policy. even a term policy? even a term policy! find out if you're sitting on a goldmine. call coventry direct today at the number on your screen, or visit coventrydirect.com. >>> all right, welcome to "power lunch," alongside kelly evans i'm robert frank coming up, netflix reporting results tonight following that live streaming debacle over the weekend. but a new problem emerging for netflix and others, a hollywood writers strike how serious is the threat and how can the streamers work a
we appreciate it, and phil lebeau we're going to get frank next hour on "power lunch" because robert franker mathisen i'll see you right after this break. there he is. back when i had a working circulatory system, you had to give your right arm to find great talent. but with upwork, there's highly skilled talent from all over the globe. right at your fingertips. ♪ this is how we work now ♪ ah, these bills are crazy. she has no idea she's sitting on a goldmine. well she doesn't...
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Apr 18, 2023
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. >>> all right, welcome to "power lunch," alongside kelly evans i'm robert frank coming up, netflix reporting results tonight following that live streaming debacle over the weekend. but a new problem emerging for netflix and others, a hollywood writers strike how serious is the threat and how can the streamers work around it? >>> plus, southwest planes are back in the air after yet another computer meltdown. how did it happen again? how could it be prevented from happening in the future? we'll dive into that let's get a check on the markets as stocks are trying to turn positive the s&p up a point, the nasdaq down 14, and the russell is underperforming, down .75% we'll get to the bank earnings with kristina partsinevelos in a moment domchu, let's chick it off with a couple names in the news >> let's start with dow component johnson & johnson, down 2.5% right now. they reported profits and revenues that topped analyst estimates, and it raised its sales forecast as well, butit' the effects of the pending litigation among alleged injuries from baby powder products that is being felt. it
. >>> all right, welcome to "power lunch," alongside kelly evans i'm robert frank coming up, netflix reporting results tonight following that live streaming debacle over the weekend. but a new problem emerging for netflix and others, a hollywood writers strike how serious is the threat and how can the streamers work around it? >>> plus, southwest planes are back in the air after yet another computer meltdown. how did it happen again? how could it be prevented from...
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Apr 6, 2023
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tech layoffs and cutbacks on wall street are crushing tax revenues in california and new york robert frank'she u.s. economy. robert >> well, melissa, california tax collections down 4% over the past year. new york down about 1% that may not sound like a lot, but the rest of the states are up 11% now, one reason is the falling stock market and tech wealth that reduces capital gains revenue. but the big worry is that withholding taxes are also falling, that means payrolls the unemployment is rising in both states, especially among high income workers. they pay a lot more taxes. bonus income is falling. wall street bonuses down 26% this year. and then we have all that wealth flight those high income taxpayers who moved out to lower tax states during the pandemic. that may now be showing up on the tax rolls. both states have potential budget problems as a result of all this, especially as that federal raid runs out from covid. california had $100 billion surplus just six months ago, now it is looking at a $22 billion deficit. new york's budget is delayed as the legislature battles the governor n
tech layoffs and cutbacks on wall street are crushing tax revenues in california and new york robert frank'she u.s. economy. robert >> well, melissa, california tax collections down 4% over the past year. new york down about 1% that may not sound like a lot, but the rest of the states are up 11% now, one reason is the falling stock market and tech wealth that reduces capital gains revenue. but the big worry is that withholding taxes are also falling, that means payrolls the unemployment...
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Apr 5, 2023
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chicago's new mayor and his plans to raise taxes on major corporations to boost the city's revenue robert frank chicago. he's proposing a securities and speculation tax. that's $1 to $2 per securities trading contract that would, of course, impact the cme there in chicago. there is a jet fuel tax on airlines, raise about $100 million. a new hotel tax, and he's proposing a new mansion tax on high-end real estate sales some say this will cause a lot more companies to leave chicago. you've already had boeing announcing last year it's moving from chicago to virginia caterpillar also leading and citadel planning to move to miami. chicago is looking at a budget gap of $128 million for 2023 a lot of that with underfunded is the smallest since 2019 federal aid starts to run out and they haven't had the employment growth a lot of other cities have had and they have a huge crime problem they're trying to solve. >> yes, right. i'm wondering who is left to pay these, boeing, caterpillar, citadel, tyson foods i think moving headquarters from chicago. don't the politicians realize this turns business away >>
chicago's new mayor and his plans to raise taxes on major corporations to boost the city's revenue robert frank chicago. he's proposing a securities and speculation tax. that's $1 to $2 per securities trading contract that would, of course, impact the cme there in chicago. there is a jet fuel tax on airlines, raise about $100 million. a new hotel tax, and he's proposing a new mansion tax on high-end real estate sales some say this will cause a lot more companies to leave chicago. you've already...
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Apr 4, 2023
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robert schein. >> thank you, frank. >> obviously a very different path than our fed. do you see this starting a new trend? how big of an impact do you think the recent banking crisis and spike in oil prices could have for the fed in the united states when they make the next decision in may? >> so, frank, last time we were together, we were discussing the federal reserve would raise interest rates until something breaks something broke in the banking sector as we saw play out. on the global basis, you see the contagion from a banking sector and global market and policymakers act quickly and a pause on interest rate increases which could be the next trend moving forward for central banks around the world this is the first of many. right now, we believe the fed is on the upper end of a range. whether they raise in may or not -- we have a jobs number coming friday and the fed is data dependent all eyes on the fed. you want to be optimistic that the federal reserve could be at the higher end of the range. >> if australia is starldting a new trend, what does it mean for the
robert schein. >> thank you, frank. >> obviously a very different path than our fed. do you see this starting a new trend? how big of an impact do you think the recent banking crisis and spike in oil prices could have for the fed in the united states when they make the next decision in may? >> so, frank, last time we were together, we were discussing the federal reserve would raise interest rates until something breaks something broke in the banking sector as we saw play out....
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Apr 24, 2023
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the world's top luxury retailer hitting a milestone and robert frank frank has more on that hey, robertllion, that's the first company ever in europe to break that half trillion mark. up 70% in the last seven months. founder's fortune at $212 billion. he's the world's richest person. one of only three people ever to have a net worth over $200 billion, along with elon musk and jeff bezos now, the latest surge in their stock price is due mainly to china's reopening. lvmh's global sales up 17% in the first quarter to 21 billion euros. fashion and leather goods, that's their core business that was up 18% in the quarter that was twice what analysts had expected wealthy consumers around the world continue to spend since they are less impacted by inflation pressures. but the big driver of their success is still that incredible diversification. they have 75 brands from dom, fendi, europe and the u.s. remain strong. sales at tiffany have more than doubled since lvmh acquired that company less than two years ago. and tiffany's flagship store on fifth avenue, that reopens this week that store used
the world's top luxury retailer hitting a milestone and robert frank frank has more on that hey, robertllion, that's the first company ever in europe to break that half trillion mark. up 70% in the last seven months. founder's fortune at $212 billion. he's the world's richest person. one of only three people ever to have a net worth over $200 billion, along with elon musk and jeff bezos now, the latest surge in their stock price is due mainly to china's reopening. lvmh's global sales up 17% in...
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Apr 11, 2023
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for spending $80 billion of funding and it could crackdown on wealthy people and corporations robert frankey found more than $80 billion. >> they hope so, too high income taxpayers, get ready for audits over 7,000 agents in the next two years as part of the funding plan of $80 billion. they are narrowing the tax gap the taxes owed that go uncollected every year one of the chief targets is partnerships the irs saying the number of partnerships has soared by more than one-third in the last decade to 4 the million. partnerships have increased 75% in that period taxpayers use partnerships and layers of llcs and pass throughs to minimize taxes. the irs will increase the audit rate for high earners. other than $1 million or more have fallen by 90% to less than one tenth of 1%. the irs will reveal advanced data analytics to go after crypto and digital assets and other novel issues audit rates will not change for those making less than $400,000 a year the cbo estimates it will raise additional $180 billion through 2031 joe. >> robert, w-2 earners i don't understand if you are a w-2 earner and if y
for spending $80 billion of funding and it could crackdown on wealthy people and corporations robert frankey found more than $80 billion. >> they hope so, too high income taxpayers, get ready for audits over 7,000 agents in the next two years as part of the funding plan of $80 billion. they are narrowing the tax gap the taxes owed that go uncollected every year one of the chief targets is partnerships the irs saying the number of partnerships has soared by more than one-third in the last...
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Apr 5, 2023
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. >> public safety behind citadel's move robert, appreciate that very much robert frank let's get to post 9 and "the half." >>> all right, carl, thank you very much. welcome to "the halftime report." i'm scott wapner the weakening economy as several key reads suggest growth continues to slow. yields dropping, recession fears rising, all of this yet another fed member says interest rates still need to go higher for longer we'll debate and discuss this hour joining me bryn talkington, joe terranova, kari firestone here at post 9. let's check the markets. it's been a health care kind of day, utilities as well yields are very big story today. you have some steepening, joe. the two year and the ten year, adp below, ism, pmi services below. what do we do? >> that's your story and you talked about the spread between the two and ten year as wide as 110. let's remember that we still don't even feel the effect in the economic numbers from the largest disinflationary shock we've experienced since this fight against inflation, and that is what happened with silicon valley bank and the stress tha
. >> public safety behind citadel's move robert, appreciate that very much robert frank let's get to post 9 and "the half." >>> all right, carl, thank you very much. welcome to "the halftime report." i'm scott wapner the weakening economy as several key reads suggest growth continues to slow. yields dropping, recession fears rising, all of this yet another fed member says interest rates still need to go higher for longer we'll debate and discuss this hour...
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Apr 24, 2023
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take profits after lmvh's big run joining me carter worth, ceo of worth charting with our own robert frank look at how we got here. and by the way, we've now seen, you know, carrier bidding for a german company and european bottlers are doing so well there seems to be a european strength. >> highly concentrated on those top luxury brands, especially lmvh a company whose stock is up by a third this year up 70% since september of last year most is the china reopening but the secret to success for lmvh is its diversification, not just the 75 brands that it owns, 75 now from sephora to dom to fendi to louis viceeton to dior, but china is kicking in and that's the reverse of what we've seen the past two years we could see a slowdown this year from the incredible growth we had in 2021 and 2022, but if anyone owns the space and is going to be the most stable it's going to be lmvh. >> and yet, carter, you think the trade has gotten a little ahead of itself? >> remember, it's -- and it's also others, ferrari, other luxury goods if you look at it compared to maybe some comparables like estee lauder
take profits after lmvh's big run joining me carter worth, ceo of worth charting with our own robert frank look at how we got here. and by the way, we've now seen, you know, carrier bidding for a german company and european bottlers are doing so well there seems to be a european strength. >> highly concentrated on those top luxury brands, especially lmvh a company whose stock is up by a third this year up 70% since september of last year most is the china reopening but the secret to...
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Apr 13, 2023
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robert frank has the details hi, robert. >> tyler, i have never seen a supply/demand imbalance in luxuryu go to the big three, rolex, cartier, and say here is $40,000 i want to buy a watch, they will tell you we don't have any or if you're very lucky, it will take at least two years to join the waiting list. as a result, those watches are trading online, the pre-owned versions, for two to three times the brand new retail price. >> what? >> in this market? >> in this market. with everything going on customers are furious. so i sat down with the ceo and asked him, look, are you deliberately restricting production to manipulate prices to jack up the prices, and here's what he told us >> you want to blame the market. we are not doing anything with respect to make the price go one way or the other we make a certain amount of watches that we think could be accepted by the world and say this is the right number, then the market is free, and will do whatever they want. >> they only make 50,000 watches a year that's always been the case. and the problem is that it is huge demand that we're seeing
robert frank has the details hi, robert. >> tyler, i have never seen a supply/demand imbalance in luxuryu go to the big three, rolex, cartier, and say here is $40,000 i want to buy a watch, they will tell you we don't have any or if you're very lucky, it will take at least two years to join the waiting list. as a result, those watches are trading online, the pre-owned versions, for two to three times the brand new retail price. >> what? >> in this market? >> in this...
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Apr 25, 2023
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. >> thank you very much robert frank. >>> for more on biden's announcement and what election will meanor markets and the economy brian garner, stifel's chief strategist and also co-host of the perspective podcast. i didn't know that 1.3 x. makes everyone sound mickey mouns. if i had to put 1.3 x spin this forward if biden is president again what would he do talk about what implications are here. >> yeah. so i think robert hit the big themes on the tax side i think it's a continuation of what we've seen in the first term and i think that was kind of the message that was played out this morning in the announcement and speech to the labor union. it's a lot of unfinished business what did not get passed in the build back better bill that became the inflation reduction act, it's kind of returning to the tax theme of increasing taxes on the wealthy, a play on the populism that kind of has engulfed the country both sides. one side trying to do a different theme of populism. corporate taxes, higher personal income tax rates, increasing the basic top rate for income above $400,000, but i think
. >> thank you very much robert frank. >>> for more on biden's announcement and what election will meanor markets and the economy brian garner, stifel's chief strategist and also co-host of the perspective podcast. i didn't know that 1.3 x. makes everyone sound mickey mouns. if i had to put 1.3 x spin this forward if biden is president again what would he do talk about what implications are here. >> yeah. so i think robert hit the big themes on the tax side i think it's a...
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. >>> when we come back, big moves in the new york real estate market robert frank has that story nextreminde you can follow podcasts on your favorite pod ach and you can listen any time. we'll be right back. good night! hey corporate types. would you stop calling each other rock stars? you're a rock star. you are a rock star. no more calling co-workers rock stars. look, it's great that you use workday to transform your business. but it still doesn't make you a rock star. so unless you work with an actual rock star. hi, i'm ozwald. hello ozwald. pam, you are a rock- i wasn't going to say it. ♪♪ (vo) right now is the best time to roll into verizon and switch. (seth) i got this incredible iphone 14 pro on them. (vo) that's right! switch now and get iphone 14 pro on us. there's more! you get apple watch se and ipad. all three on us. this offer won't last long. verizon >>> welcome back, everyone equities down. nasdaq down by 21. s&p futures off by about 8 the judge has won a seat on the wisconsin supreme court giving liberals their first majority in 15 years she defeated it. it will give t
. >>> when we come back, big moves in the new york real estate market robert frank has that story nextreminde you can follow podcasts on your favorite pod ach and you can listen any time. we'll be right back. good night! hey corporate types. would you stop calling each other rock stars? you're a rock star. you are a rock star. no more calling co-workers rock stars. look, it's great that you use workday to transform your business. but it still doesn't make you a rock star. so unless you...
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Apr 17, 2023
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. >> tax refunds this year are the lowest in a decade the average down 10% from last year robert franksure on the consumer. >>> and then the looming debt ceiling and what it means for the markets. we're going to be speaking to the head of policy research for strategas dan clifton, sidewalk box will be right back >>> flef alphabet see weighing in on the future of ai here's what he said last night on "60 minutes" when asked about the impact on google's business and other companies. >> this is going to impact every product across every company, and so that's why i think it's a very, very profound technology, and so we are just in early days. >> every product in every company? >> that's right. ai will impact everything. >> when asked about how ai works and the impact on society, pichai said that now that it's being talked about and worrying about implications, it's a sign that we're getting prepared for what's coming. >>> tomorrow is tax day, and refunds this season are expected to be the lowest in a decade robert frank joins us right now with more on how this impacts the consumer, and rob
. >> tax refunds this year are the lowest in a decade the average down 10% from last year robert franksure on the consumer. >>> and then the looming debt ceiling and what it means for the markets. we're going to be speaking to the head of policy research for strategas dan clifton, sidewalk box will be right back >>> flef alphabet see weighing in on the future of ai here's what he said last night on "60 minutes" when asked about the impact on google's business...
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Apr 6, 2023
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to high unemployment, who states are feeling the pain this tax season let's get to details with robert franking to hit the tax revenue of new york and california california tax collections falling 4% over the past year. new york down about 1% the rest of all the states are up 11% new york and california down more than 10% from their peak last year. of course, the falling stock market and the decline in tech wealth partly to blame here, reducing capital gains revenue but the big worry right now is that withholding taxes are also falling. dan clifton at strategist says unemployment is rising in both states, especially among high income workers, who, of course, pay more taxes bonus income also falling. wall street bonuses down 26% this year. and wealth flight, as the high-end income tax pairs who moved out during the pandemic, that may start to show up on the tax rolls. political pressure growing in both states to raise taxes on the wealthy and tax the rich, a takeover of albany last week urged the governor to tax those making over $5 million a year. so far the governor has resisted but the sta
to high unemployment, who states are feeling the pain this tax season let's get to details with robert franking to hit the tax revenue of new york and california california tax collections falling 4% over the past year. new york down about 1% the rest of all the states are up 11% new york and california down more than 10% from their peak last year. of course, the falling stock market and the decline in tech wealth partly to blame here, reducing capital gains revenue but the big worry right now...
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Apr 28, 2023
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back in july of 2021 now the company is talking with bankers about, let's call it, next moves robert frankdavid well, wheels up in talks with financial and legal advisers about potential restructuring or capital raises its market cap falling from over $2 billion when it went public two years ago to just under $120 million today. the new york stock exchange notifying the company it would be delisted because of that sustained low price. planning a reverse stock split to stay in compliance but it has a lot of other challenges. its cash holdings now at about $580 million, but had a net loss of $555 million last year. analysts expect further losses this year. sources tell cnbc the company is talking to advisers about a range of alternatives. maybe going private. maybe getting a cash infusion from delta which already has a 24% stake in wheels up, or some kind of restructuring. it's also cutting costs and improving efficiencies aiming to be profitable, it says, in 2024. right now overall jet demand is slowing a lot from those pandemic peaks charter volume down 15% so far this year. wheels up sayi
back in july of 2021 now the company is talking with bankers about, let's call it, next moves robert frankdavid well, wheels up in talks with financial and legal advisers about potential restructuring or capital raises its market cap falling from over $2 billion when it went public two years ago to just under $120 million today. the new york stock exchange notifying the company it would be delisted because of that sustained low price. planning a reverse stock split to stay in compliance but it...
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Apr 13, 2023
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. >> who owns the island now i guess we need robert frank for that was it sold? do you know? > that's a good question. i'll call robert and ask him it might have been seized as part of the overall assets and a process to distribute assets you know, reallocate some of that to his victims. maybe it was sold in that process. i'm not sure. >> it is a magnificent part of the world. >> who would buy it? it is gorgeous, but a cursed island. >> it is you have to think that it is like buying the amitiville ho house. >> it won't feel as great. >> you know, the stepfather. you see that you can't live in that house he's from westfield. thanks, eamon javers >>> we have to get to phil phil lebeau joining us with the numbers. >> joe, this is a miss on the top and bottom line from delta airlines for the first quarter the company earning 25 cents a share. nickel shy of expectation. revenue shy of estimates coming in at $11.4 billion delta says the q1 miss and when you ask what is behind the miss, they say they had a pointl less of capacity because of storms and cancellations. they made this cl
. >> who owns the island now i guess we need robert frank for that was it sold? do you know? > that's a good question. i'll call robert and ask him it might have been seized as part of the overall assets and a process to distribute assets you know, reallocate some of that to his victims. maybe it was sold in that process. i'm not sure. >> it is a magnificent part of the world. >> who would buy it? it is gorgeous, but a cursed island. >> it is you have to think that it...
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Apr 4, 2023
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states with the top total tax burden and new yorkers, buckle up robert frank joins us with more. >> it'sor new yorkers when you're going to talk about taxes and we all know that california, new jersey, new york, they all have high income tax rates but when it comes to all state taxes combined, new york ranks first in the nation. this new ranking from wallet hub, you add together the total tax burden for each state, that's income tax, property tax, sales and excise tax, as a share of total income. new york topped that list with a tax burden of 12.5%. hawaii ranked second at 12.3 followed by maine, vermont, connecticut, and new jersey. alaska had the lowest tax burden at just 5% also near the bottom was tennessee at number 47, florida at number 46, both with burdens around 6%. so that's half of new york's red states had average lower tax burdens than blue states and lower tax states have seen some of the biggest population gains over the past year florida, the highest net migration gains last year, up 2% followed by texas, the carolinas, and tennessee >> goodness. >> amazing, california is
states with the top total tax burden and new yorkers, buckle up robert frank joins us with more. >> it'sor new yorkers when you're going to talk about taxes and we all know that california, new jersey, new york, they all have high income tax rates but when it comes to all state taxes combined, new york ranks first in the nation. this new ranking from wallet hub, you add together the total tax burden for each state, that's income tax, property tax, sales and excise tax, as a share of total...
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Apr 6, 2023
04/23
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robert frank joins us this morning with a look at the conundrum.ption of what is happening here. >> it is a conundrum and is going to get worse california and new york seeing rapid declines in tax revenue. while the rest of the country is seeing continued gains california revenues down over 4% new york down 1% from a year ago. the rest of the states all up 11%. dan cliffton says the declines are partly due to the drop in tech wealth in the stock market, but the big worry is that withheld taxes, taxes from payrolls, are also falling he has three reasons for this. one, unemployment is rising in both states, especially among high income workers who, of course, pay more taxes bonus income is falling, wall street bonuses down 26% this year and wealth flight, that's the high income taxpayers who moved out during the pandemic, those are now showing up on the tax rolls. political pressure growing in both states to raise taxes on the wealthy. a tax the rich takeover of albany last week urged the governor to raise taxes on those making more than $5 million a
robert frank joins us this morning with a look at the conundrum.ption of what is happening here. >> it is a conundrum and is going to get worse california and new york seeing rapid declines in tax revenue. while the rest of the country is seeing continued gains california revenues down over 4% new york down 1% from a year ago. the rest of the states all up 11%. dan cliffton says the declines are partly due to the drop in tech wealth in the stock market, but the big worry is that withheld...
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Apr 18, 2023
04/23
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robert. >> hey good morning and thank you and frank i hopes, you are doing better and i've enjoyed your focus groups for decades. two issues i hope you can can comment on briefly come i cannot figure out how the democratic voters consistently goat 30 which is against school choice and just surprise that they don't hold the feet to the fire more often inn their voting against itt children's education and the ability to learn more and be better students and citizens yet this union fashion the seems to be existing for years, holds them back. i was wondering what you think they do not ask for more choice. it just seems more reasonable and secondly, an issue the states are facing now, i cannot believe that more suburbanites, mothers and parents and grandparents are objecting to this, the male participation in women and girls sports and it is so unfair and it is so such a cultural seachange that is trying to happen in our country. and maybe you could address and i hope you feel better i love you work and thank you. >> thank you just wanted well i feel fine, paste want to sound better. and for soft,
robert. >> hey good morning and thank you and frank i hopes, you are doing better and i've enjoyed your focus groups for decades. two issues i hope you can can comment on briefly come i cannot figure out how the democratic voters consistently goat 30 which is against school choice and just surprise that they don't hold the feet to the fire more often inn their voting against itt children's education and the ability to learn more and be better students and citizens yet this union fashion...
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Apr 10, 2023
04/23
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saw the labor force imp participation rate move up >> robert, what did you make from the jobs report with the revision to the upside in february >> frankank you. there were two important things for investors. the first for bond investors and job gains slowing. that brings usr to the pause for the fed. we have seen volatility in the bond market which is because we are coming to the end of the rate hike cycle. for equity investors, the fact that job gains continue to be steady is helpful. it extends the runway on expansion. we will deal with drag from credit lending due to the silicon valley bank and other issues, we think we will just avoid recession and one of the reasons is these continued steady gains in the job market something for everyone in the last jobs report mostly slow and steady. >> robert, we have cpi on wednesday and ppi on thursday. both with fresh reads on inflation and big banks earnings on friday. how do you position ahead of the three big reports? i know you believe we are leaning toward the pause how does this influence the fed going forward? >> it is challenging with the important data in the short term each data po
saw the labor force imp participation rate move up >> robert, what did you make from the jobs report with the revision to the upside in february >> frankank you. there were two important things for investors. the first for bond investors and job gains slowing. that brings usr to the pause for the fed. we have seen volatility in the bond market which is because we are coming to the end of the rate hike cycle. for equity investors, the fact that job gains continue to be steady is...
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, first of all , angela merkel yes, well, and some current western politicians, like frank-walter steinmeier or robertsia. now they publicly tell everyone that it was a big mistake and apologize. yes, robert habik, by the way, in kiev asked for forgiveness from zelensky for the previous one, and germany’s policy is one of these, and bill clinton joined the repentant, who just said in an interview that he repents of what forced ukraine in the early nineties years, namely in the ninety-fourth year, when was er, signed. uh, the budapest memorandum to renounce the nuclear weapons that she inherited from the soviet union on her territory , listen to what the ex-president said, usa i feel personally responsible because i forced ukraine to renounce its nuclear weapons. and none of them believe that russia would pull off this trick if ukraine still had its weapons. well, uh, this , i must say, completely coincides with the rhetoric of the kiev regime. but here i want ask andrey frantsevich. well, considering what the ukrainian state was and continues to be, total corruption. and, which means that ukrainian we
, first of all , angela merkel yes, well, and some current western politicians, like frank-walter steinmeier or robertsia. now they publicly tell everyone that it was a big mistake and apologize. yes, robert habik, by the way, in kiev asked for forgiveness from zelensky for the previous one, and germany’s policy is one of these, and bill clinton joined the repentant, who just said in an interview that he repents of what forced ukraine in the early nineties years, namely in the ninety-fourth...
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that's how you like such frankness of kaplan, well, actually robert uh, kaplan broke into u wednesdayous liberal dogmas and carried out the idea that here you are all sorts of fantasies. build. but in general, it is necessary to go from life to reality, and this was a sound common sense. grain, but the main assertion of geopolitics is that politics is determined by geography. yes, but uh, he still had such a message that there was no need for any illusions of fantasies, no need to invent a lot of things, you need to go from reality. yes, you need to look at what is happening in reality. here, unfortunately, robert apparently, hmm e stopped applying this to himself a critical message, because, uh, that's it. this mesopotamia is a fantasy, and between the sea. yes, between the seas , these are all fantasies from the bignivs of zhezinsky, which i just wanted to say. like robert caplan. e fell exactly into the trap that, uh, for which he criticized others 15 years ago. here, he is in everything. it fell into some kind of fantasy, but the most interesting thing is that in order to justify
that's how you like such frankness of kaplan, well, actually robert uh, kaplan broke into u wednesdayous liberal dogmas and carried out the idea that here you are all sorts of fantasies. build. but in general, it is necessary to go from life to reality, and this was a sound common sense. grain, but the main assertion of geopolitics is that politics is determined by geography. yes, but uh, he still had such a message that there was no need for any illusions of fantasies, no need to invent a lot...
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Apr 14, 2023
04/23
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robert costa, thank you very much. president biden was moved to tears today as he wrapped up his visit to ireland. while touring the catholic shrine, the president was told father frankformed the last rites on his late son, beau, was now stationed there. the president insisted on meeting him. >> had a nice chat for about 10 minutes. he was delighted to see me and i was delighted to see him, he gave me a big hug and hunter gave me a big hug. it was like a reunion. >> norah: well, father o'grady is a former u.s. army chaplain who was assigned to walter reed national military vertical center, where beau biden died i. we want to turn now to the growing concerns over the rise in artificial intelligence, or ai. some tech industry leaders are warning of the potential risks, including deepfakes and robots replacing humans. tonight, and a preview of sunday's "minutes," google executive james manyika tells cbs's scott pelley how the tech company is designing ai to help people. >> a lot of people can be replaced by this technology. >> yes, there are some job occupation that will start to decline over time. there are also a new job categories that will grow over time. but the bi
robert costa, thank you very much. president biden was moved to tears today as he wrapped up his visit to ireland. while touring the catholic shrine, the president was told father frankformed the last rites on his late son, beau, was now stationed there. the president insisted on meeting him. >> had a nice chat for about 10 minutes. he was delighted to see me and i was delighted to see him, he gave me a big hug and hunter gave me a big hug. it was like a reunion. >> norah: well,...
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Apr 6, 2023
04/23
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frank lampard as manager is an unlikely one. it's a remote possibility, i don't think chelsea are going to win the champions league. they didn't when they appointed roberttteo in 2012 as an interim and their champions league wins have generally come in seasons where you wouldn't have thought they would've happened, so i suppose there is that as an omen, but i can't see that see that happening. it would be a very nice position for them to be in and have that kind of choice but i can't see it happening. let's bring you up to date witrh the the masters which is under way with the race for the greenjacket expected to be closely fought over the next four days. beautiful conditions in augusta right now but the weather is expected to take a turn for the worse as the tournament progresses. players will be hoping to get a good opening round under their belts before the anticipated rain. cameron young is three under par. six of them currently find themselves two under par including viktor hovland and xander schauffele. 2017 champion sergio garcia is also there at 2—under as isjustin thomas and adam scott among them. and that's all the sport for now. let's head ba
frank lampard as manager is an unlikely one. it's a remote possibility, i don't think chelsea are going to win the champions league. they didn't when they appointed roberttteo in 2012 as an interim and their champions league wins have generally come in seasons where you wouldn't have thought they would've happened, so i suppose there is that as an omen, but i can't see that see that happening. it would be a very nice position for them to be in and have that kind of choice but i can't see it...
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Apr 17, 2023
04/23
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robert kennedy talking about vaccines in a way that it's just reprehensible. even in hitler's germany. you could you could cross the alps in switzerland. you can hide in an attic, like anne frank a mechanisms are being put in place. i will make it. none of us can run and not at risk and hide. he's saying that about the united states government. none of us can run. none of us can hide from and to your point. this goes beyond not wanting him to run because people work for president joe biden, her and continuing to, they just completely disagree with the things that he's saying out there and i was a matter of how long he could stand at manu, you know, not that i don't think there's been any polling that would like put him against president biden. but we do know is that democrats have said that they entertain someone besides joe biden, but i can't imagine that that's that's the one that they'd be looking for the hope. you know, the family. doesn't support. this is the hope that it doesn't last very long. it's at the idea seems to be the hope here and look, there's all these ties also that joe biden has to the family that go deep and for the one person i spoke to for this article s
robert kennedy talking about vaccines in a way that it's just reprehensible. even in hitler's germany. you could you could cross the alps in switzerland. you can hide in an attic, like anne frank a mechanisms are being put in place. i will make it. none of us can run and not at risk and hide. he's saying that about the united states government. none of us can run. none of us can hide from and to your point. this goes beyond not wanting him to run because people work for president joe biden, her...
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Apr 9, 2023
04/23
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frank just couldn't ge through. >> you know it occurred to m that i haven't cried in a long time. i've learned how to do that. that's it. >> firefighter roberton. >> you can see that the glas itself was all burned out an you can see where it's still kind of intact over here. it was really obvious to see that more intense was on th driver's side. >> meaning that's where th fire started. that's where the arsonist wanted to be sure t erase evidence. under the car, damaged skid plates and strand of wild grass caught in th suspension, meaning somebody had driven off road very recently. and after? dumped an torched the car in a industrial area just a quarter mile from where paige made her last phone call. >> it was way beyond her house right? >> correct >> didn't fit for the car to b there. >> news of the car fire was turning point. no longer did the public suspect this was case of an overwhelmed run-away mom. the response was an outpouring of volunteers, a spontaneous community projec to find paige. >> just seeing the dad on tv and everything like that, have some children of my own and i know what i'd be feeling like if one of my children was gon
frank just couldn't ge through. >> you know it occurred to m that i haven't cried in a long time. i've learned how to do that. that's it. >> firefighter roberton. >> you can see that the glas itself was all burned out an you can see where it's still kind of intact over here. it was really obvious to see that more intense was on th driver's side. >> meaning that's where th fire started. that's where the arsonist wanted to be sure t erase evidence. under the car, damaged...
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Apr 19, 2023
04/23
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frank lampard. _ we showed you the chaotic scenes of protesters interupting play at the world snooker championships yesterday, but normal service resumed on day four. the match betweenjoe perry and robertst under an hour for the world number ten jelena 0stapenko to win in straight sets, 6—2, 6—1. she will now drop down the rankings. and we have been following them closely. wrexham now edging ever closer to promotion. it's been a great story ever since the hollywood duo took over the club, ryan reynolds said his team's first half performance was "nervy as hell" before getting the goals that leaves them one win away from promotion back to the football league. goalkeeper ben foster the hero after they beat notts county, he was celebrating. they beat yeovil town last night and nowjust need to beat boreham wood at home on saturday and the title and promotion will be theirs. time for a party. you think? i think they are booking their flights right now. that private jet will be on its way, and what a party it will be at the racecourse. at the very opposite of chelsea's season. and ryan reynolds also says football is evil after the nervousness of that first half, and that is what chelsea are f
frank lampard. _ we showed you the chaotic scenes of protesters interupting play at the world snooker championships yesterday, but normal service resumed on day four. the match betweenjoe perry and robertst under an hour for the world number ten jelena 0stapenko to win in straight sets, 6—2, 6—1. she will now drop down the rankings. and we have been following them closely. wrexham now edging ever closer to promotion. it's been a great story ever since the hollywood duo took over the club,...