When I campaigned, I talked about crime, but I never knew that we were going to get into it like we did, you know. I mean, I used to watch these cities with the murders. Chicago recently had one deal where they had 11 murders in one weekend and they said, "Well, yeah, but it was a holiday weekend." They actually told me that was the reason like it was okay because it was a holiday.It was Labor Day. These people are the worst. They are. They really have to. They better.I tell you what, the the people in Chic ...

All right. We are about 2 minutes away from the end of the trading day. Katie Greifeld and Matt Miller in for Romaine Bostick.And here to help take us through the closing bell, we're joined by a global simulcast, Carol Massar and David Gura in for Tim Stenovec, bringing together all of our different audiences. Glasses off for this moment. And Carol, it looks like we're going to finish just slightly in the green here.Just slightly in the green, but we've been bouncing around a little bit. Certainly in today' ...

Financial Performance & Targets - Ferrari targets approximately 5% annual revenue growth until 2030 [1] - The company anticipates €8 billion in free cash flow over five years [4] - Shareholder returns are projected to be around €7 billion, split between dividends and buybacks [4] - Margin expectations are around 43-45%, with a forecast to consistently exceed 40% [6] Strategic Direction & Product Offerings - Ferrari aims to maintain the exclusivity of its supercar models, limiting them to no more than 5% of the total production [8] - The company initially lowered its EV target to 20% of the lineup by 2030, emphasizing customer choice between electric, hybrid, and internal combustion engines [12][13] - Ferrari is reintroducing physical buttons alongside digital interfaces ("Phygital") based on customer feedback [16][17] Market & Regional Focus - Ferrari aims to keep sales in mainland China, Taiwan, and Hong Kong below 10% of its total sales [21] - The company is adjusting its product offerings to better suit the Chinese market, including models with smaller engines to avoid taxes [22]

Trading Revenue - The six largest US banks, including Morgan Stanley, Bank of America, JP Morgan Chase, Wells Fargo, Goldman Sachs, and Croup, experienced a banner quarter [1] - The firms achieved their highest third-quarter trading revenue in at least 5 years, driven by increased volatility related to President Trump's policies, including tariffs [2] - Morgan Stanley's equity traders generated $4.12 billion in revenue, a 35% surge that surpassed analyst estimates [2] - Goldman Sachs reported $3.74 billion in stock trading revenue, slightly below Morgan Stanley's performance [3] Economic Outlook - With the exception of JP Morgan Chase, banks set aside less money for loan loss provisions, indicating confidence in the resilience of the US economy [3] - JP Morgan CEO Jamie Dimon's warning about potential bankruptcies, likening them to "cockroaches," was dismissed by Blue Owl's co-CEO Mark Lipshields as fear-mongering [4]

How impactful is it that they're going yet more and more on their own supply chain, their own hardware. Well, using in-house chips of course is, you know, paramount to what Apple has been doing under Tim Cook for the last, you know, decade and a half or so. But in terms of these new products today, uh this is probably the most minor set of Apple product refreshes uh that I could remember in recent history.What they've done here is essentially taking designs from prior years. The iPad Pro design from last ye ...

When I campaigned, I talked about crime, but I never knew that we were going to get into it like we did, you know. I mean, I used to watch these cities with the murders. Chicago recently had one deal where they had 11 murders in one weekend, and they said, Well, yeah, but it was a holiday weekend.They actually told me that was the reason. Like it was okay, because it was a holiday. It was Labor Day.These people are the worst. They are. They really have to be better.I tell you what, the people in Chicago and ...

Investment Strategy - JPMorgan 将进行 100 亿美元的股权投资，重点关注美国关键领域公司 [1] - 除股权投资外，还将提供 1.5 万亿美元的融资，旨在加倍支持对美国及其盟友至关重要的行业 [2] - JPMorgan 计划组建新的专业投资团队，独立进行投资决策，并设立顾问委员会 [3] Market Dynamics and Competition - 银行业普遍盈利能力强劲，并购、交易和债券发行等业务的增长势头良好 [8][9] - 企业信心高涨，前期不确定性因素减少，促使企业积极进行战略交易 [12] - 市场存在地缘政治、全球宏观经济等多种复杂因素，市场波动性较以往更高 [19] Risk Management and Credit Market - JPMorgan 对信贷市场保持警惕，认为信贷周期已进入后期阶段，需谨慎对待 [15][16] - JPMorgan 坚持核心信贷理念，强调在信贷质量、条款和定价方面保持高度自律 [17][18] - 最大的风险在于经济增长放缓的同时，通货膨胀保持粘性甚至可能上升 [21] Global Strategy and International Business - 国际业务对 JPMorgan 极其重要，尤其是在企业与投资银行领域，全球各地都存在增长机会 [24] - JPMorgan 特别关注中东和亚洲市场，包括日本、澳大利亚和东南亚 [25] - JPMorgan 将继续与中国合作，同时保持谨慎，关注地缘政治和当地经济 [27] Dollarization and Asset Hedging - 客户并未大量抛售美元资产，而是增加了对美元资产的对冲比例，例如将对冲比率从 50% 提高到 65%-70% [29] - 客户对美元作为世界储备货币的地位仍然有信心，短期内看不到改变的迹象 [29][30] AI Investment and Headcount - JPMorgan 在人工智能领域进行了大量投资，但尚未看到 headcount 大幅下降，因为公司同时也在扩张业务 [31][32] - 人工智能已在欺诈检测和运营效率等特定领域产生显著效益，未来 2-5 年内将在更多领域发挥作用 [35]

your parents were saving up money for you to get married and then you said I want to go to the school in the United States and what happened. >> Yeah. So, especially at that time, unmarried young women going to America alone was just unheard of and not acceptable, right.No parents in their right mind would send an unmarried young woman to a foreign country. And I said, "Give me just for one year's worth of um the tuition and living expenses, and after that, I'll figure it out." And when I start making money ...

So it means that federal agencies right now have to stop and halt all the plans for the firings that went that took place last week. So that means that those people will be able to keep their jobs for now and that any future rounds of firings, as the White House suggested yesterday, is coming, will also be halted. This is just a temporary block, as you mentioned.They are just paused and there will be a a decision to come later on the merits of the case about whether these can proceed. It was quite a dramati ...

Supply Chain Diversification - Apple is expanding manufacturing in Vietnam to reduce dependence on China, focusing on smart home devices [1][2] - The company's supply chain is diversifying across Southeast Asia, including India (iPhones), Vietnam (Apple Watch, home devices, AirPods), and Thailand/Malaysia (Macs) [7] - Apple aims to maintain agility in its supply chain, shifting production between countries based on tariffs and geopolitical factors [13] Product Development & Strategy - Apple is developing new smart home devices, including a smart home port, a tabletop robot, and a security camera, primarily manufactured in Vietnam [2][3] - The company is working with BYD, a Chinese electric vehicle manufacturer, for mass manufacturing of these devices in Vietnam [4] - Apple intends to launch the home hub device in March/April 2026 [17] Geopolitical & Economic Factors - China production caters to China and regions outside the US, while India serves the US market, largely due to tariff considerations [6] - Tariffs have had a negligible impact on Apple so far, costing a few billion dollars, but 2026 is anticipated as a key year for tariff impact [14] - Apple carefully manages its relationship with the Chinese government by continuing to build products for China within China [10]