I'm fighting for the family of New York. That's why I'm here today to endorse Andrew Cuomo, to be part of this fight. Well, you criticize Andrew when you called him names.You know what. And he called me names. But you know what.Now it's time to fight for the family. And I'm a fight for the family. With Andrew Cuomo as the next mayor of the city of New York.Yeah. Andrew Cuomo, thank. ...

The legal issues are really serious. These are major felonies. These are conspiracy to commit wire fraud and related charges.The players could face conceivably years in prison if they're convicted. Obviously, they haven't been able to tell their side of the story yet. So we'll find out how the defense surfaces.But super serious and the allegations are that there's a player, there's a coach, a former coach, all of whom, of course, have access to information. A player can change his play to further bets. And ...

Earnings Season Performance - 86% of companies beat earnings expectations, which is in line with the average [3] - Strong results are seen across the board, but big upside moves are not necessarily observed, suggesting multiples may have reached a point where they can't push much higher [4] - Earnings have been a key reason for market resilience, with upward revisions of earnings estimates increasing profit estimates and providing an environment for multiple expansion [1] - Multiples tend to decrease when estimates are cut, indicating that valuations can remain high as long as numbers continue to be revised upwards [2] Bond Market and Economic Signals - Ten-year Treasury yields are below 4%, raising questions about whether the bond market is signaling concerns about equity and credit or reflecting expectations of quantitative easing or contained inflation [5][6] - The context of why the ten-year yield is falling is crucial; a falling yield due to a bad economic scenario implies lower earnings and valuations, while a falling yield due to an aggressive Fed or reduced Treasury issuance could still be beneficial for risk assets [8][9] - Fed GDP now is at 39% [5] Market Concentration and Potential Catalysts - The U S represents 30% of the global stock market, almost 50% now [10] - Concentration risk has been a topic for over a year, and past peaks of concentration (Nifty 50, tech bubble) were followed by lost decades of returns for equities [11][12] - A catalyst is needed for the concentration to unwind, and earnings growth of the "Magnificent Seven" is identified as a potential catalyst [12]

John, thank you so much for joining this morning. >> Great to be here. >> So, a surge in profits, deals abound, exits were robust.Is this the starting gun fired off. >> It does feel a bit of that. Uh Danny, it's great uh to be here to be talking about it.We had a heck of a quarter. What we saw here was we delivered for our customers. That's the most important thing in terms of returns.We really leaned into digital and energy infrastructure. We also saw big inflows as well, 50 plus billion dollars and all of ...

Government Shutdown & Negotiations - Democrats are willing to negotiate with Republicans to reopen the government and reach a bipartisan spending agreement [1] - The speaker accuses Donald Trump of preventing Republican leaders from negotiating, thus prolonging the shutdown [4] - The speaker believes Trump is prioritizing golfing over engaging with Democrats to resolve the shutdown [7] - Democrats are reaching out to the White House, urging Trump to negotiate before his trip to Asia [9] Healthcare Crisis & Affordable Care Act (ACA) - Democrats insist on addressing the Republican healthcare crisis, particularly extending the Affordable Care Act tax credits [2] - Republicans' policies are causing hospitals, nursing homes, and community health centers to close [16] - A potential $536 billion cut to Medicare is looming if Congress doesn't act [16] - Over 90% of people receiving ACA tax credits make around $63,000 or less [17] - Republicans in the House have voted to repeal the Affordable Care Act more than 70 times since 2010 [38] Spending & Budget - Trump is accused of trying to divert $230 million in taxpayer funds from the Department of Justice [7] - The speaker mentions a potential $1 trillion cut to Medicaid [15] - House Republicans are considering a longer-term continuing resolution (CR) of 14 months, which Democrats find unacceptable [13][14] - Republicans are proposing cutting $17 billion from the Centers for Disease Control (CDC) and approximately $500 million from the National Institutes of Health (NIH) [18] Trust & Credibility - The speaker expresses a lack of trust in Republicans, especially regarding healthcare and cost of living issues [36] - Republicans promised to lower costs but costs have gone up, and they promised to protect Medicaid but enacted significant cuts [36][37] Impact on Federal Employees - Over 200,000 federal employees had been forced off the job prior to the government shutdown [5][27] - Federal workers are concerned about receiving their back pay due to Trump's past actions [29] Affordability & Cost of Living - The speaker emphasizes the need to lower the high cost of living, including housing, groceries, childcare, healthcare, and utilities [64] - Trump's tariffs are making life more expensive, adding thousands of dollars per year in additional expenses [37]

I didn't think it was interesting yesterday and a strong step that was taken by Zoran, the Democratic nominee, when he indicated his intention to retain our current police commissioner, Jessica Tish. I think that probably will provide a lot of comfort to people throughout the city of New York. She's done a great job. She's well respected.We're diverse city, and it'll be interesting to see how that is received upon my return home. You've been asked about this a thousand times. Let me ask 1001 times.Are you p ...

As you and I are speaking, the House speaker is doing a press conference just down the hall. What is the level of engagement. Do you pass one another. Are you speaking with one another.Are Democrats talking to Republicans right now. The conversations have been very limited, unfortunately, because Donald Trump has not given House Republican leaders or Senate Republican leaders permission to negotiate. Reinforcing the principle from our view that he made the decision to shut the government down.They want to c ...

Demand & Revenue Trends - Demand weakened earlier in the year but accelerated heading into Q4 [1] - The company experienced softness in demand due to economic uncertainty, particularly from February through the first part of Q3, but saw improving trends within Q3, with September turning positive year-over-year [2] - September unit revenue was strong, and this trend is continuing into October and Q4, with flat unit revenue projected [3] - Premium cabin is a significant revenue driver, accounting for approximately 50% of revenue gains, while economy class demand has also recovered [3][4] - The company had to cut prices for economy class earlier in the year, contributing to negative unit revenue across the airline industry [5][6] - Business travel is still below 2019 levels, but the company is seeing a pickup in revenue and is regaining market share after a change in distribution strategy [9][10][11] Pricing & Inflation - Airfares are expected to increase, potentially in line with or more than inflation next year, especially given the depressed fares in the first half of 2025 [7] - The company aims to increase airfares, which have been declining, and expects this to happen in 2026 [8] Fleet & Capital Allocation - The company is on track to acquire 50 new jets this year and 59 next year [14] - The company has removed buffer time from delivery schedules due to improved performance from Boeing and Airbus [15][16] - The company prioritizes investments in new planes and the fleet, followed by using free cash flow to strengthen the balance sheet [18] Debt Reduction - The company has reduced total debt from $54 billion at peak COVID levels to $368 billion at the end of Q3 and aims to bring it below $35 billion in the next year and a half [19][20] External Factors - The government shutdown has had a minimal revenue impact (less than $1 million per day) and has not significantly affected operations [21] - The company is observing a reacceleration in the economy and consumer demand, with both higher-end and lower-end consumers returning to travel [24][25][26]

In the heart of western Oregon lies a 750,000 square ft plus complex. So secret few are allowed past the lobby. >> If you love sports and you love product, this is kind of Disneyland.>> All told, more than 800 pieces of testing equipment under the roof of the LeBron James Innovation Center, home to the Nike Sport Research Lab. This is the home to dreamers, creators, makers, engineers, uh some incredible teammates of ours who are all dreaming about serving elite athlete problems. >> Yeah.What Nike as a brand ...

Nike's Strategic Shift - Nike is refocusing on athletic performance to reinvigorate growth, particularly after a decline in lifestyle sneaker demand [5][6] - The company emphasizes listening to athletes' voices and using their insights to drive innovation across all price points [3][4][8] - Nike aims to connect its performance-focused innovations with athletes and communicate the story to consumers globally [8][9] Innovation and Research - The LeBron James Innovation Center houses the Nike Sport Research Lab, equipped with over 800 pieces of testing equipment [2] - Nike's innovation process involves gathering data from elite athletes to solve performance problems and translate those solutions to everyday athletes [9][11] - Project Amplify, a footwear system with lightweight motors and rechargeable batteries, represents Nike's future innovation efforts [10] Market and Competition - Nike experienced over 20% sales growth in the running category due to redesigns of key franchises [14] - Converse sales declined 28% in the most recent quarter, indicating a problem area for the company [14] - Nike is addressing competition by leveraging its multi-brand offense, focusing on the unique strengths of Nike, Jordan, and Converse [15][16] Brand Vision - Nike's brand vision is to honor its roots, obsess over serving athletes, and exceed their expectations [19] - The company innovates not only in product but also in storytelling and delivering experiences in the marketplace [17] - Nike aims to innovate by listening to athletes and connecting with the world of sport and sport culture [18]