SydraFarooqui

Today at 4pm ET, Bloomberg Television’s Trish Regan sits down with four CEOs for a special edition of “Street Smart” focused on fixing the country’s debt.  Tune in to hear from BlackRock, Inc. (NYSE:BLK) CEO Larry Fink,  NASDAQ OMX Group, Inc. (NASDAQ:NDAQ) CEO Bob Greifeld, United Parcel Service, Inc. (NYSE:UPS) CEO Scott Davis and Honeywell International Inc. (NYSE:HONCEO) David Cote, who are all part of the Fix the Debt campaign. The CEOs agree: It’s Washington’s fault we’re not hiring and not spending.  Honeywell’s International Inc. (NYSE:HON) Cote says, “If we were playing with fire in the debt ceiling, we’ll be playing with nitroglycerine now when it comes to the fiscal cliff.” BlackRock’s, Inc. (NYSE:BLK) Fink says, “We need to speak out as CEOs…Politicians generally address things when their back’s against the wall…We have the threat of going into a recession in the first quarter…This is a very uncertain moment.” Highlights below and full transcript available upon request.  Fink on QE3: “Quantitative easing is probably the right thing to do at this moment. I believe because consumers are pulling back, CEOs are pulling back. I think we have a threat right now of going into a recession in the first quarter. 
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Yale economist Robert Shiller is asked by CNBC’s Rick Santelli whether he agrees with those who think the U.S. housing market has hit bottom and is now recovering. Transcript: do you think housing has bottomed? i’ve been reserving judgment, because i think these — we’ve seen rallies that fizzled before. it’s not — once it gets going, it has a lot of momentum. but right now, it could be — partly seasonal. and it’s not — it’s nouft jt clear yet. we have had a lot of false starts, and you’re right, there is seasonalality. i remember mr. greenspan in ’05 and ’06 saying you don’t have to worry about housing in terms of correlations, everything is so dissimilar, so many houses across the country. that probably staved off the bubble effects for a while until it gained traction and then it was a big rock falling. how is that going to play out in we’re bottoming when it tries to go back the other way? yeah, well, the question is, we have rallieses in phoenix and san francisco. question is, it’s really nationwide. in the last few months, it looks like it. but is this — are we going
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Quotes “People are never going to understand how critical this particular time in history is,” said Erskine Bowles, the North Carolina businessman and co-chairman of President Barack Obama’s National Commission on Fiscal Responsibility and Reform. “We have $7.7 trillion worth of economic events that are going to hit America in the gut in December, and in Washington they’re doing nothing about it.” “They’re both in this,” Simpson said of the warring Democratic and Republican parties. “They worship the god of re-election.” “I’d be a buyer of this market. Goldman Sachs would,” Blankfein said. “We’re not only advisers to companies, we’re a company ourselves. We would assume that our business would grow.” “The guys who are working and putting to the side are going to make it, and the guys who are just whistling around the market — and I’m not here to dampen that — but holy smoke,” he said. “They really believe honestly that no Congress could be this stupid, and by God, they can.” “We’re at a tipping point,” Simpson said. “The tipping point is when the people who loan us money say ‘you’re addicted’ … and so we’re going to loan you more money, but we want more money
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Jeffrey Gundlach, DoubleLine Capital CEO, discusses investment opportunities in fixed income, with CNBC’s Gary Kaminsky. they can inspire our students. let’s solve this. gary made his way from chicago to los angeles and brings us the ceo, cio, and co-founder of double line capital. good morning, gary. good morning and thank you and i am smart enough to know the viewers want to hear from jeffrey and not me. let’s get right into it. ten year treasury. i think it bottomed out, prices peaked in july of this year. we talked about that a few weeks in advance. i don’t see any investment value in the ten-year treasury at all. the yield has risen towards around 1.8. what’s it is big deal? i think i was in the new york stock exchange in april and i think it was right where it was today and i said what are you hoping for, 1.25? still doesn’t give you much of a return. i am struck by the bullishness that suddenly emerged for treasuries and ultimately the dollar and the teeth of the european crisis. it struck me as being almost an exact mirror image of where we were a long time
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Goldman Sachs Group, Inc. (NYSE:GS) President Gary Cohn told Bloomberg Television’s Sara Eisen today that he will “probably read” Greg Smith’s tell-all book, “Why I Left Goldman Sachs,” which comes out on October 22nd. Cohn also discussed the global economy, saying that “I understand what the trying to do and I will tell you this, this is going to be difficult to stop or to exit. Cohn on whether he’ll read Greg Smith’s book: “Is it coming out next week?  I probably will read it.” On Federal Reserve stimulus: “I worry about everything. My job is to worry. It’s something that you have to worry about. The Fed has pretty good information what’s going on in the economy. They’ve got pretty information what’s going on with employment. We know that the Fed wants to create job growth. We know the Fed wants to create asset appreciation. I understand what they are trying to do, whether I agree with it or disagree with it. I understand what they are trying to do and I will tell you this is going to be difficult to stop or to exit. There will be an end of quantitative easing. We will have
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JPMorgan’s Dimon Bullish on the U.S. Jonathan Golub, UBS, weighs in on JPMorgan chief Jamie Dimon’s upbeat comments on the U.S. economy. Transcript: watching that one. the markets may be concerned about the fiscal cliff and a weak economy but during that speech today that we just heard at the council on foreign relations, jpmorgan’s ceo jamie dimon says the u.s. is still the best place to invest. this attitude somehow how woe is me, how terrible, america’s lost — it’s just not true, folks. hopes to who travel around the worle have the best military on the planet, we will foryears. we have the widest, deepest, most transparent capital markets in spite of what happened. they’re still the best — i’mtalking about in all of its glory, asset management, venturecapital,equity, markets. we have the best businesses on the planet, small, medium and large. is he right? joining us, invest strategy specialist at ubs, jonathan golub. i half-share his sentiments. are we the best player on the world stage today to invest? i think probably yes. on the other hand, we do havethese fiscal overhangs and it is not just a political issue. we have substantial government debt and fiscal imbalances thatneed to get addressed and that mean that we’re a slower grower than we’ve been. would i rather be here than anyplace?yes, i would. we have a sell-off on wall street today. you tend to take a longer term some of this is
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Money managers and fund executives such as Pimco’s Bill Gross and BlackRock’s Laurence D. Fink are warning that the flight to bonds leaves savers exposed to a new round of losses once interest rates rise. Deirdre Bolton reports on Bloomberg Television’s “In The Loop.” (Source: Bloomberg) 'Get ValueWalk's Daily Edition By Email and Never Miss Our Top Stories'
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A visual guide to Google’s purchases over the years ( 2001 – 2012 ). In this visual. Hoodmetrics scaled the amount spent to planet sized spheres. You can see from the entire galaxy representation, that Motorala was a mammoth sized purchase compared to everything else. Browse more infographics.   'Get ValueWalk's Daily Edition By Email and Never Miss Our Top Stories'
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Robert Shiller, a professor at Yale University and co-creator of the S&P/Case-Shiller index of property values, talks about the U.S. economy and labor and housing markets. He speaks with Tom Keene, Sara Eisen and Michael McKee on Bloomberg Television’s “Surveillance.” (Source: Bloomberg) 'Get ValueWalk's Daily Edition By Email and Never Miss Our Top Stories'
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Violating the Health Insurance Portability and Accountability Act (HIPAA), can cost individuals thousands of dollars, prison time and termination the employment. Organizations also receive a heavy fine and lose productivity as a result of an investigation by the U.S. Department of Human and Heath Services (HHS), in addition to a loss of credibility in the community. Millions of dollars in penalties have been paid by top organizations, including Blue Cross and Blue Shield, Cignet Health and CVS Caremark Corporation (NYSE:CVS). One violation can cost between $100 and $50,000 or up to $1.5 annually for multiple violations. The HHS is serious about penalizing companies for inappropriate employee conduct or a neglectful approach to protecting electronic data. HIPAA standards emphasize accountability, bringing punishment upon organizations and individuals. In Miami, an employee stole patient data and was sentenced to two years in prison. In another case, a doctor and two hospital employees were given one year probation for leaking confidential information to the media. How can individuals and organizations protect themselves? Training employees regarding the proper use of patient data and implementing security measures to protect both electronic and printed information. A proactive approach could save thousands of dollars and possibly a prison sentence.
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CNBC’s David Faber talks with John Burbank, Passport Capital managing member & CIO about ways of restoring an economic recovery in the U.S. Transcript: i am here in larue, texas, joined by a very thoughtful and successful hedge fund manager, john burbank, who runs passport capital. perhaps not the easiest time to be an investor, john, particularly when you believe there is a lack of growth that is not yet reflected in equity prices. i’m looking at your second quarter letter in which you simply say despite an equity market which in our view is ignoring the facts of the world, you’re still holding a short position, perhaps not as great as it was in the second quarter. when is that going to change? yeah, so markets sold off for about six weeks in april and all of may. and then bounced — bounced for four months in a row. meanwhile, growth continues to plummet around the world and in the united states. and ecri which we subscribe to and believe it is in our session right now. which they have been for a while, to be fair. they have. they have a good record on that. do you think
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