And joining us now is Democratic Congresswoman Norma Torres of California. Congresswoman, thank you. I want to start with how President Trump is framing the situation in LA.Here's part of this speech that he gave in front of active duty military at Fort Bragg yesterday. Listen. What you're witnessing in California is a full-blown assault on peace, on public order, and on national sovereignty carried out by riers bearing foreign flags with the aim of continuing a foreign invasion of our country.We're not goi ...

We bring in Mark Leovich. His latest piece asks this question, "Where is Barack Obama?" And in it, Mark, you write in part, quote, "No matter how brazen Trump becomes, the most effective communicator in the Democratic party continues to opt for minimal communication. His audacity of hope presidency has given way to the fierce lethargy of semi-retirement." Obama's conspicuous scarcity while Trump inflicts such damage isn't just a bad look. It's a dereliction of the message that he built his career on.When Ob ...

California may be first, but it clearly will not end here. Other states are next. Democracy is next. Democracy is under assault before our eyes.The moment we have feared, has arrived. He's taking a wrecking ball. A wrecking ball to our Founding Fathers historic project.Three co-equal branches of independent government. No longer any checks and balances. Congress is nowhere to be found.Speaker Johnson has completely abdicated that responsibility. The rule of law has increasingly been given way to the rule of ...

California may be first, but it clearly will not end here. Other states are next. Democracy is next. Democracy is under assault before our eyes.This moment we have feared has arrived. Donald Trump's government isn't protecting our communities. They're traumatizing our communities.And that seems to be the entire point. California will keep fighting. We'll keep fighting on behalf of our people. All of our people, including in the courts. ...

first day of Jacob. I'm I'm gonna cut you off because I promised I promised we were going to go to the governor as soon as we had audio and video and we're going to go to the governor. I so appreciate you bringing us this peaceful protest constitutional right to free speech and assembly to protest their government's actions.In turn, the state of California and the city and county of Los Angeles sent our police officers to help keep the peace. And with some exceptions, they were successful. Like many states, ...

The troops that are being deployed here are not being deployed for our purposes. We did not request through the sheriff, through the mutual aid system for National Guard troops. What are the troops in in in LA to do.Uh and that is unclear to pretty much everybody at this time. That's the LAPD police chief basically saying unclear uh what these troops are supposed to do and they don't need them. We are joined now by Congressman Seth Molton of Massachusetts.He's a veteran, a former US Marine captain who serve ...

Group 1: Federal Reserve Leadership - Current Treasury Secretary Scott Bessent is a potential candidate to replace Jerome Powell as Fed Chair, but may face significant opposition [1][2] - The Fed Chair position is designed to be independent from presidential influence, complicating Bessent's candidacy given President Trump's criticisms of Powell [2] - Jerome Powell has stated he will complete his term, which does not end until May 2026 [2] Group 2: US-China Trade Relations - US and China trade representatives are engaged in ongoing talks in London, with positive progress reported on technology and rare earth exports [3] - The US and India are nearing an interim trade deal after four days of negotiations [3] Group 3: Tesla Developments - Tesla's stock has faced volatility, with a significant drop of $150 billion in market cap in a single day, but shares are rebounding as issues appear to be resolving [5] - A driverless Tesla Model Y robotaxi was spotted in Austin, Texas, marking a significant milestone for the company [8] - Elon Musk has retracted his criticisms of Trump, which coincided with a bounce in Tesla's stock [8] Group 4: Inflation and Economic Indicators - Despite ongoing trade negotiations, inflation numbers are reportedly moving in a positive direction, with the Consumer Price Index (CPI) set to be released for further insights [9]

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Service Corporation International (SCI) FY Conference June 10, 2025 10:30 AM ET Speaker0 Good morning, everyone. I'm Scott Schnaberg, the senior business services analyst Thank you all for joining us today. It's our pleasure to have from Service Corp's chief financial officer, Eric Tansberger, to speak on the company's investment story. Now we're drawn to Service Corp's leading position in the funeral services and cemetery offerings industry. Its opportunity to capitalize on the favorable demographics of an ...

Broadridge Financial Solutions Conference Summary Company Overview - Broadridge Financial Solutions is a leading provider of technology infrastructure in the financial services industry with a market cap of approximately $28 billion and annual fee revenue of $4.5 billion [3][4] - The company serves clients primarily in wealth management, asset management, capital markets, and corporate issuers, including 28 of the 29 globally systemic important banks [4] Core Business Segments - The Investor Communication Solutions (ICS) unit connects corporate issuers to investors through banks and advisors, facilitating a unique network [5] - The Global Technology Operations (GTO) business includes capital markets and wealth management services, providing front, middle, and back office systems [6][7] Growth Plans - Broadridge's growth strategy focuses on three areas: governance franchise, capital markets, and wealth management modernization [8][9] - The governance franchise aims to democratize and digitize governance, with mid-teens position growth in equities and mid-single digits in funds for FY25 [11][12] - Capital markets are being simplified and innovated, with a focus on AI and new technologies like Bond GPT [13][14] - Wealth management is being modernized through modular solutions, allowing firms to upgrade their back office capabilities [15] Financial Performance - Over the last decade, Broadridge has achieved 10% recurring revenue growth and 13% adjusted EPS growth, with dividends growing in line with earnings [16][17] - The company targets 5-8% organic revenue growth and 8-12% EPS growth over the next three years [17] Market Trends - The democratization of investing is driving position growth, with more investors entering the market and increasing the number of positions per investor [22][23] - Position growth has been in the high single digits over the last decade, with expectations for continued positive trends [25][26] Digital Transformation - Broadridge is actively investing in digital communications, with 85-90% of regulatory communications already suppressed digitally [32] - The customer communications business, valued at $700 million, is transitioning from 85% print to a growing digital segment [38][40] Revenue Streams - Recurring revenue is defined as revenue under contract for multiple years, while event-driven revenue is one-time or sporadic [46][47] - Distribution revenue, primarily from physical output, is expected to grow in the medium term but will likely dissipate in the long term as digital strategies are executed [50][51] Demand and Market Conditions - Demand for solutions related to cost efficiency remains strong, with clients seeking to reduce operational costs [55] - Market volatility has historically not negatively impacted position growth, with strong defensibility observed since 2007 [59][61] Competitive Landscape - Broadridge holds a significant share in the proxy business, with competitors like Proxy Trust and Mediant [66] - The company is exploring growth opportunities in the global proxy business as international investors increasingly buy US securities [66] Regulatory Environment - Current regulations, including potential digital asset disclosures and proxy reforms, are seen as opportunities for Broadridge [68][69] - The company has developed a disclosure solution for digital assets called Clarify [68] Capital Allocation Strategy - Broadridge prioritizes internal growth investments, dividends, tuck-in M&A opportunities, and share buybacks while maintaining an investment-grade credit rating [75][76]