what would it mean for wall street if the u. s. has come forward with these penalties itself is there is talk that we are talking here about the toughest, the sanctions against russia in a decade. and in general, disruptions in the global financial markets are never a really good news for wall street or us financial institutions. i mean, one big question is, will it be necessary to start those? some sections of wall street seems to be a bit hesitant of power. at least the whole a conflict has not really shown in the stock price, at least in the us market. that if you look at the ties between a wall street russian bang, so russian companies, those types are not that great. so i'm not really certain, even if we see those sanctions, if that will be a big blow to a wall street and us financial institutions. we and this is not the 1st time if that the u. s. would have imposed sanctions on russia. there seems to be a mix history here of the effectiveness. if this does come to pass, what will the impacts be? will they be effective? well,

he spent time on wall street at a large hedge fund. also, i believe he saw intuitively knew what institutional investors were looking for new, how to educate them about timeframes. i mean, as an analysts, it's not just about how much cash, what you want i, when that cash is expected to come in the door, that helps you build better financial models. and so i believe he did a good job being able to speak the language to financial market participants. jeff bezos has been very astute at how he communicates what he's doing to wall street. and he always talks about this idea that amazon is for the long term that he is not focused on the short term. what he's building is something much bigger and it's over the long term. and wall street investors have have very much bought into that idea. and they have backed this company, even in the years when amazon lost a lot of money years when they made very little money. wall street continued to back this company. jeff bezos was successful in imposing his long term vision to an economy geared towards s

jeff bezos has been very astute at how he communicates what he's doing to wall street. and he always talks about this idea that amazon is for the long term that he is not focused on the short term that what he is building is something much bigger. and it's over the long term. and wall street investors have, have very much bought into that idea and they have backed this company, even in the years when amazon lost a lot of money years when they made very little money. wall street continued to back this company. jeff bezos was successful in imposing his long term vision to an economy geared towards short term profits. having secured the confidence of wall street, he was able to make all of the world's commodities available in one click. this ideal of accessibility was born 50 years ago in san francisco capital of the american counterculture gaffer google, apple, facebook and amazon are the unexpected errors to these california hippies. a collection like bad press your middle finger to your thumb, dragged apart, snapping like that. you can find adult pajamas with cat names

what would it mean for wall street if the u. s. has come forward with these penalties it's also there is talk that we're talking here about the toughest, the sanctions. so against russia in a decade, some and, and general disruptions in the global financial markets are never a really good news. so before a wall streets or us so financial institutions, i mean one big question a clear is or will it even be necessary to em start those some sanctions? so wall street seems to be a bit to him hesitant. soft power, at least the whole a conflict has not really shown in the stock prices, at least him in the u. s. a. markets at that. if you look at the ties between a walt street, russian bang, so russian companies of those ties are not that great. so i'm not really a certain even if we see those sanctions, if that will be a big a blow to a wall street and us financial institutions. williams, this is not the 1st time if that the u. s. would have imposed sanctions on russia. there seems to be a mixed history here of the effectiveness. if this

some even missing the wall street expectation. fixed income at jp morgan and citigroup but investment banking is hot, hot, hot at both places and the question is whether. it will stay that way. . wells fargo has a warm introduction from investors and borrowing will accelerate. cfo says the same. how much does that continue across jp morgan, citigroup, and bank of america, as they wait for card revenues to return in greater form, without paying down their balances? romaine: you take a look at the numbers here. you see jp morgan ended .6%. citigroup also lower. wells fargo is up 4%. some of us saw second-tier banks --not that wells fargo is second-tier but some that have a consumer focus do well today. caroline: overall, wells fargo is optimistic. romaine: mike was here earlier. he talked about this. he seemed optimistic. obviously based on the share price, investors seem optimistic as well. let's see what the managing director and seymour equity analyst at barclays thinks. let's start with wells fargo since we were talking about th

david's and i say pleural, are banding together to tear down the wall street goliath.idual investors have flooded a wall street- focused reddit chat room with the explicit goal of aiming their sling shots at big hedge funds that are short or betting against game shares, and in a stunning move, they appear to be preventing the shorts from making huge profits on the stock s decline. that was one year ago, the height of meme stock mania, when the reddit revolution grabbed the collective attention of millions of investors, wall street masters of the universe, and eventually regulators. it all began when individual investors gathered in reddit chat room wall street bets, banned together, and flipped the tables on the financial world goliath by piling into heavily shorted stocks and pushing them up. does the man who started the movement years ago believe the mania is over or just beginning? in a fox business exclusive, joining me now, the founder of wall street bets jamie rogozinski. whoa, jamie. >> hi, liz, how are you? liz: we pulled that tape from a year ago. i'm well, bu

you're limited because we want to demonstrate that there's a 2 year system, one for the insiders on wall street, and one for the people at main street. and the way the system is works since the inception of reserves and system since 1913, which is supposed to be probably getting still interest rates 0 courtesies. 20132021. the, the value of the british car door has been decreased. 90 percent interested in between one and 21 percent. so the federal reserve, by way of policy has failed the country in the world since its inception. and most people don't understand how it will for low injury policies act is inflation. and is that anyone who's working or text anchor, john, you know, one of the problems here is not so much that the system is corrupt, but that the mainstream media as done a good job in glorifying corruption and the average american doesn't see any problem with corruption when they are politicians, like nancy pelosi and others, are openly trading on insight information and manipulating stock prices. the public has accepted this as normal. so wow, how do you get over that? how do you ge

so the hair line in the wall street journal reads this back ship is sinking. investors want their money back. one of the pandemic, hardest streets, is cooling down. as the hype surrounding a blank check, companies gives way to reality. i'll read the introduction to what a spot is just so you know, as we get into this discussion specs, sometimes called blank check. firms begin as shell companies. they raise money from investors, then less than a stock exchange. their sole purpose is to hunt for a private company to merge with and take public because the company going public is merging with an existing publicly traded entity. it can make business projections and skirt some of the other regulations associated with i. p o's, after regulators approve the deal, the company going public, replaced as the spac in the stock market. so when they're special purpose acquisition corp horseback phenomenon game, we're started roughly 22 years ago. as we reported the blank check or money raises blank check companies. it's, it's not new. it was prevalent in the 1920s alert to the crash of $929.00. if sir

of wall street, charles.n example there, are more millenials, gen-z than everybody else. so i think that there are, there have been a lot of instances where we make companies hot, companies and services hot and so wall street missing the opportunity to collaborate with retail investors in a way to keep their ear to the street and their ear to the ground is a missed opportunity on behalf of wall street. so no, i don't think we'll get a fair shake unless the doj and sec steps up and forces wall street to do so. charles: keenan, you write about this stuff all the time. do you agree? >> i do. and i want to say that i agree that retail investors are not an even playing field with some of the large firms, the institutions and you know what? with that being said, we now have seen just yesterday like you alluded to, sec proposed a rule change for private funds that would require the quarterly requirement of reporting or even in some cases annual requirement of reporting for these large hedge funds and so on, they wou

wall street is valuing peloton at 3,000 bucks per subscriber.e company he thinks the stock is a good deal. he thinks there will be growth. there is 3 million subscribers. 100 million people in the market with gym memberships. you hear more about peloton and other broken growth stocks in my "barron's" streetwise podcast. jack: recurring revenue from those memberships investors really love. let's move on to actionable ideas. ben, what do you have for us? >> jack mentioned caterpillar earlier. it had a tough time on friday after reporting earnings dropped 5%. people are worried about higher cost and dinged margins. caterpillar has been rising prices and should be able to keep doing that because commodity markets are so strong. this looks like an opportunity to maybe buy the dip. jack: carollton, what do do you have have? >> southwest, profitable quarter. first quarter will be tricky they warned but expects profitability on back part of the year. new ceo coming in. analysts expect earnings grow in excess of 30%. jack: fuel prices behave always nice

so that's at least what's the sense on wall street at this point? 982 wasn't quite bornea then yet, but i'll take your word for it. now. what are you hearing from people on the ground beyond wall street? i mean, clearly people feel the impact that we need to talk to kept drivers. i mean they definitely complain about higher gasoline prices. so, but then also, i mean, i've talked to people and they actually scale becca some of their spending. so when they go to the supermarket, for example, they are there, they go out of the store. so with less than shopping back when it comes to travel, it depends if you can scale it back or not too famous to with driving cars. but you're here with left and right. that to people are actually spending less in general because a lot of those items have gotten so expensive. take me to take cars, take rent, even so a lot of those prices are going up and people clearly feel the impact. hope you're not having a tight and you're about yes, yes. quarter in new york. thank you very much. now, if you didn't make it to the worl

so, ben, another ugly week on wall street. how bad does this get?this the end op the -- of the bull market? >> i don't think it's the end, but it really was a bloodbath. the s&p 500 had that its largest one week percentage decline since march 2020. goldman sachs down 10%, but the real damage was over at the nasdaq which dropped 14% from its all-time high and closed at its lowest level since june 2021 helped by netflix and, as you mentioned, peloton. elsewhere, oil rose for the week as did gold, silver and copper, and the bond market really isn't freaking out yet. as long as financial markets remain calm, i will too. jon -- jack: yeah. tech stocks have become a greater and greater weighting in in indexes over the past 10-12 years which has been great for investors, but now it means there's nowhere to hide. >> no, there really isn't, and that's the hard part here. we have to see the big stocks like amazon and apple and those guys really start to at least hold up, not all anymore. because if they're dropping, there's a good chance the rest of the s&p 5

and turbulence on wall street. us stocks go on a wild ride and close lower ahead of a key us fed meeting. a major bump in the road for self—driving cars. the uk's legal watchdog says users shouldn't be responsible for accidents. and a company's greatest asset may well be its people, but a new study finds a third of workers are unhappy with theirjobs. we have the details. the global economy is set to grow more slowly next year than previously forecast, according to the international monetary fund. the imf now expects global growth to go from 5.9% in 2021 to 4.4% in 2022. the organisation also sharply downgraded its forecasts for the world's two biggest global economies, the us and china. speaking to our economics editor faisal islam, the imf�*s deputy managing director, gita gopinath, explained why. omicron led to a downgrade for the first quarter of this year, but for the annual growth rate as a whole, we are looking at affecting growth by —1 percentage point. in the case of the us, it is because of a smaller fisca

from wall street, there are fewer things better than a gridlock congress that can't accomplish anything. and that is exactly what we're getting. you have to box check there. was today significant? considering we have many boxes checked, well it means that something that we didn't have two weeks ago we now have. but that vicious late day decline that inspired a lot of terror so therefore the market, while being close to the decline, still has some work to do. michael in florida, michael? >> caller: hey, jim, big booyah to western florida thank you for taking my call my question is in regards to -- cruise line. in your past interviewed with the president he spoke about his positive outlook for the cruise line by the end of 2022 with the record books but now with the fed raising rates and inflation at all time high and some cruises are dan selled to covid and omicron. based on today's close at 21.03 would you consider it a buy right here or would you recommend sitting on the side lines -- >> i think for people who could tolerate a level of risk absolutely but it is just when they froze it,

the segment today is wall street, kind of back to the future.t firms boast probably a 95% vaccination rate, yet they're seeing a surge in the cases of the new variant. and that's why what we have now is, i would say, a march 2020 style lockdown of the wall street firms in terms of office work. firms essentially really encouraging people to work from home. they're not saying you have to, but their bosses, supervisors are encouraging people who can -- except for vital staff, and we'll get into the type of vital staff that need to be in the office -- that just about every firm, they're all different in different ways, but just about every firm is saying work from home mostly through january. add -- goldman sachs, january 18th is the day where they cited you should be coming back to the office, although you never know. it could go out further. morgan stanley is until further notice, you know? if you can, work from home. jpmorgan, a decision between the employee and the supervisor, but, you know, there's an emphasis on working from home. and you can

look, wall street sometimes sets for the french trading banks for the swiss. w do you think the street is setting up the european outlook for the bank season? >> it is down to be quite similar to what we have seen in the u.s. in terms of the revenue performance. fixed income, fixed trading division heavily. the mna and advisory work and ipo's and so on will be ok. it will not be as good as the u.s. players. what we have got is a forecast across the big europeans, up about 4%, which compares to 28% improvement in revenues for advisory of u.s. banks. the interesting thing will be equities and the reason i say that is because it has been quite a mixed picture in the u.s. it was not as hard for many of the u.s. banks as it was for fixed income. some banks did very well and in europe, what we have had is dmp taking on the prime brokerage business from deutsche bank, taking on a full earnings and revenue which is one of their divisions and they are going to do much better than they did in 2020 in part because of that. there equity division has drawn level with their

and when you think that you're beating wall street, wall street's usually pretty happy. there's a lot of activity, volatility when you think you're smart. when new people come into the market and bring new savings into the market who weren't previously there. that's the story. this is a bit of a downer. still a great story. bit of a down jereltive to the narrative that was spun a year ago this week. >> sure. sure. i know. what a ride, right? >> spencer jacob, editor of t"te wall street journal". we'll have you back to see if it's popping. >> thank you, sir. >>> sports. baseball hall of fame has a new member for the class of 2022 but it's not barry bonds or roger clemens. andy scholes has it all covered in this morning's bleacher report. >> this is the tenth and final time for barry bonds and roger clemons on the hall of fame ballot. while they saw more votes, neither came close to 75% threshold they needed to get elected. bonds and clemons, two of the best players to ever play. clemons said my family and i put the hall of fame in the rear-view mirror ten years ago. i did

i'm seen beardsley in berlin and we begin a wall street where apple briefly surpassed a market valuation of 3 trillion dollars on monday. that's a 1st for us company. apple hit the threshold when it share price reached a record $182.88 in earlier trading. before falling later, the shares have tripled in value since the pandemic low in march 2020 tech firms have collectively done well during the pandemic. but apple has excelled expanding from device sales into music and tv services. are i? let's go to jens quarter in new york for more. yes. good to you. it seems like it was a long ago that apple reach the one trillion dollar mark in valuation now to 3 trillion dollars. how did this happen so fast? yeah, it's incredible. i mean, the company is very successful or whatever it touches so that it leaves how it seems like. but if you see that for the very 1st time they across to one trillion dollar mark in august of 2018 and then the 2 trillion dollar mark in august of 20. and now we've seen that 3 trillion dollar market as company has ever achieved that before. it is quite a breathtaking, i me

wall street was off the mark. to be the sort of hunch on wall street that we can't have four straight years back-to-back-to-back. i don't know if there's any rationale for that, is there? >> wall street is jealous of individual investor that took back the market from listening to you and listening to other people in this country right now. this is here to stay. meme didn't give up hope on apple because they visited the apple store and they're not giving up on the market. wall street has it wrong. they're jealous. there's a growth engine going on.it's going to be bumpy. we'll have tough times. we're going to get through this inflation, all the difficulty affecting people right now and wall street will be chasing the story like last year. >> charles: happy new year. talk to you soon. speaking of new year, tensions still high at the border. the situation escalating as border patrol faces gun fire over the weekend. we'll have more on that after this. throughout history i've observed markets shaped by the intentional a

and i would like to point out that wall street originally was, was motivated by. what i saw is, is green that on wall street in $1080.00 or so, people were suddenly my age were making big money, were making hundreds of thousands of dollars a year. and i was kind of shocked by because a lot of the kids that i'd worked grown up with were not that bright, but they were making big money. and this went on the wall street phenomenon went on through the knees, which surprised me and continued through the 2000. and by 2008, you have to realize that the people that the character who played jacko, who was abandoned and now become the banks, are banks, are investment banks were doing the same kind of stuff that gecko was doing in $198065.00, and that's what led to the course of mortgage and the credit union. the credit disasters lead to this collapse in 2008. so in other words, we're dealing with billions of dollars now instead of millions. and that was a big shock to many people, including me. i'm surprised by i was surprised by it. and i still can't believe we're still goi

k, world trade center, nixon, wall street, and platoon oliver. thanks so much for coming back on a happy birthday. that's what i got to say to you. first of all, i mean the commentators are all talking about how your films are one way to cope with 911 the 20 year anniversary. can you see why $75.00 is very young and you should be pulling out at least 2 or 3 feature films a year now. my father lived to about 75. exactly. so i think, i think, you know, modern times had been good to us. prosperity has been good to us and allowed us to live longer. so i'm grateful. and i hope i stay young and making films as tough. but i've been working really hard on these 2 documentaries that are coming out of j of k one. we talked about con, that's coming out in november 22 birth the date of his murder. and the other one will be coming out early next year. the clean energy one, which i, we did a lot of work on now was in paris. a scoring it with the composer vangelis, the greek composer who i worked with before and he's wonderful is great, great score. and i noted

one thing that came that occupy wall street was the one percent. no one ever talked about that before. and now the one percent are in total control. and you going to start seeing rebellions going on and again, goes back to the unionization, all 3 of us live through the stagflation of the seventy's. what advice do you have for the zoom or is in the millennials? of course back then, we didn't have a surveillance state. we didn't have social media, we didn't have a med averse to escape, and to we didn't have fentanyl and all these sort of narcotics and high overdose test. so it's kind of a different scene and structure in the u. s. economy at the moment. but what, what sort of advice is mr. begin for them on this new year's eve speaking only for myself, g, ashby, gold, silver, bitcoin. and you, so it happened in the middle of december when the set even came out and said they were going to raise rates. all of a sudden, boom. gold jumped back up again. so i started gaining more strength and bullish on silver by the way, not so much as a safe haven, but

. >> some of the people on wall street want the fed to get ahead of the curve let me tell you in plain rather than gibberish, they want to push down the price of everything they say inflation is so badded that fed may have to raise interest rates more rapidly than when we were thinking and we hear this drumbeat endlessly the rich inflation is for stocks to get crushed and many of them do many of them have short stocks and they want to have stock splits lower and who can plame them >> i want to remind you that while the federal reserve is putting pressure on the stock market at then of the day we're investing in companies and not trading cards or the pottery or pieces of eight, and it makes no sense to uniformly dismiss every company out there just because of what the fed does it's absurd. do you think microsoft says hey, we want to buy activist blizzard let's postpone no, they saw the stock was way too cheap and agreed to pay 70 billion for it >> a $69 million bid for glaxo smithkline they want to spend to make money for you. now let's talk about a market that got crushed and was a par

it is one of wall street's champions of getting staff back into offices.ws, 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i am vonnie quinn. this is bloomberg. sheri: it may be a new year, but repayment challenges persist for chinese property developers. the industry needs to find nearly $200 billion to cover mounting bills from bond maturities to back wages. our chief north asia correspondent stephen engle joins as now from hong kong. stephen, it is a new year, but it is kind of not for these property developers? stephen: know, it is the same problem. again compounded because of the bills ever coming to. this month alone, the bond maturities and the bond coupon payments for january alone that are coming to our more than double what was due in the last two months combined. we have a lot of potential stress, especially after evergrande and kaosa and others have already defaulted on their dollar bonds. and also coupon payments are due in january. the list is long. too long to

what a day for wall street and what a day for wall street and what a day for apple?or having me. a tremendous _ for apple? thank you for having me. a tremendous day, - for apple? thank you for having l me. a tremendous day, actually, for some of the mega technology stocks like apple. i think markets are continuing to positive mood from 2021, the s&p 500 which is the active benchmark index is up 27% from last year, and the first starting day of the year, i think markets are encouraged by the fact that omicron is milder than people previously thought and hospitalisation rates have not been getting up significantly, so it is not as sinister as people had previously expected, so that has been quite positive, and for apple, has been quite positive, and forapple, it has been quite positive, and for apple, it is a gigantic moment and it is really because the markets are excited about the markets are excited about the upcoming market launches such as the virtual reality headsets, continuing to deliver robust and steady earnings throughout 2020 —— 2021, and of course there is

what you're seeing today. optimistic investors throughout wall street and the global markets, the s and p 500 up 27 point one percent this morning for the year on piece words 3rd street, positive year. the dow and nasdaq heading towards their 3rd straight annual gain as well. so massive government stimulus vaccine roll out, strong retail consumption investors are optimistic, but what exactly are the soothsayers of the financial weld predicting for 2022? well that's i called the financial nostradamus question. i wish i had the answer for that cuz i wouldn't be here on tv with you. i'd be somewhere else. but what the soothsayers are saying right now for the year 2022, they're saying it's going to be an interesting one because there's a lot to keep an eye on. there are some saying that the good times will continue to roll. the u. s. markets are going to reopened, like the old times, fully open their doors. the global markets will follow suit, and there's others that expect over conditions next year. as the fed tapers off, it's easy monetary policy and as it continues to address rising infl