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Feb 15, 2024
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♪ >> are you subpoenaing companies like visa, mastercard or the major banks like bank of america, j.p. morgan can you give us clarity on who you are sending subpoenas to. >> major companies like american express. >> companies like that. >> time for the hot topic of hour that was james comer breaking news moments ago he told me today he sent a subpoena to american express as well as other major credit card companies demanding more from the bank records, credit card companies biden family members, he is alleging that biden family members were using annex cards and chinese companies were paying the bills. he also said a moment ago that the white house may obstruct this investigation as soon as the subpoena goes out, pick up the phone, call american express and bullying them not to send the data to the oversight committee. >> that would be par for the course how this justice department and the white house treated the investigation this far. the white house and justice department were aware hunter biden plan to defy his own congressional deposition and they stood back and watch and let it
♪ >> are you subpoenaing companies like visa, mastercard or the major banks like bank of america, j.p. morgan can you give us clarity on who you are sending subpoenas to. >> major companies like american express. >> companies like that. >> time for the hot topic of hour that was james comer breaking news moments ago he told me today he sent a subpoena to american express as well as other major credit card companies demanding more from the bank records, credit card...
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Feb 20, 2024
02/24
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but there are some in washington who are wary of visa and mastercard's duopoly, which suggests that bolstering a competitor would be viewed positively. senator elizabeth warren chiming in on social media, saying that regulators must block the deal imme immediately. capital one will fight those potential legal battles. executives expect to add 25 million card holders here, $175 billion in purchase volume in the next couple of years. and $1.3 billion in cost savings. tyler, back over to you. >> all right, kate, this very much. gentlemen, any thoughts here on discover and this deal with capital one? >> go ahead, stu. i'm going to read this tweet, go ahead. >> i think for my perspective, you have a relatively m&a deal, you do that relatively positive for the market, because that's been such a challenge to get that done. no view on this specific deal, but just in the industry, being able to get a relatively large deal through, you saw, you know, elizabeth warren's comments there already pushing back hard on it, so, i think that will be a positive, i think in the bank space at large, people have vie
but there are some in washington who are wary of visa and mastercard's duopoly, which suggests that bolstering a competitor would be viewed positively. senator elizabeth warren chiming in on social media, saying that regulators must block the deal imme immediately. capital one will fight those potential legal battles. executives expect to add 25 million card holders here, $175 billion in purchase volume in the next couple of years. and $1.3 billion in cost savings. tyler, back over to you....
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Feb 20, 2024
02/24
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american express, visa, mastercard. capital one works with visa and mastercard. discover adds a new element. 305 million customers, that is tripling, on top of the 100 million customer base they have. the numbers here are enormous. the problem is how much the regulators are going to be a fan of this, given that it creates control over one of the four credit card networks in the u.s., arguably, the world. tom: is this smooth sailing? touch on the different makeup, in terms of customers, that the company's head. there is a different picture in terms of the customer makeup. the potential hurdles when it comes to regulation. kriti: there is a nuance in the mergers and acquisitions, the law you have to pass for regulators is that it cannot be good for the business, it has to be good for consumers. their concern is fees can be marked up similar to what you see in other credit card companies. think of jpmorgan chase, or any other credit card provider. the concern is discover a has a massive student loan business. you are hooking that to one of the largest banks in the c
american express, visa, mastercard. capital one works with visa and mastercard. discover adds a new element. 305 million customers, that is tripling, on top of the 100 million customer base they have. the numbers here are enormous. the problem is how much the regulators are going to be a fan of this, given that it creates control over one of the four credit card networks in the u.s., arguably, the world. tom: is this smooth sailing? touch on the different makeup, in terms of customers, that the...
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Feb 2, 2024
02/24
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>> mastercard. i like the momentum here >> stephanie >> american express. a little cheaper than mastercard, but they have net new customers at 2.9 million >> the rebalancer. >> four names have been in the strategy amphenol is one of them. >> they've met the rules for the entire time. >> the entire time all technology names right now, we have software at 13%, semis at 10%. >> so we are going to track this movement i will see you for the last hour of the week on "closing bell." "the exchange" is now. ♪ ♪ >>> thank you very much, scott i'm dominic chu in for kelly evans. here's what is ahead on "the exchange." if there was any hope left for a march rate cut, today's blockbuster jobs report put an end to it. but what about a may cut our economist now says that may be off the table, as well. he tells us why and when he sees the first cut coming plus, the headaches of health care billing we'll talk to the ceo of one company hoping to crack the code and leverage artificial intelligence to make it easier fopa
>> mastercard. i like the momentum here >> stephanie >> american express. a little cheaper than mastercard, but they have net new customers at 2.9 million >> the rebalancer. >> four names have been in the strategy amphenol is one of them. >> they've met the rules for the entire time. >> the entire time all technology names right now, we have software at 13%, semis at 10%. >> so we are going to track this movement i will see you for the last hour...
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Feb 20, 2024
02/24
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reducing reliance on visa and mastercard. jonathan: dear regulator this is why this deal should close. what will be the difficulty? sonali: they have changed guidelines when it comes to bank mergers so they waited until they came out with the new proposals. they have a certain degree of certainty that those of relapse don't exist when it comes to these new guidelines. lisa: what with the rationale be for regulators? we are looking at a premium of 20%. those shares are up 12%. what is the main obstacle when they are not that strong in terms of the players? sonali: they highlighted network capability. if you take the loan volumes you have the number three and number six company merging. but you're not talking about j.p. morgan and citigroup. you are making discover bigger. you have discover a lot smaller than visa and mastercard. they're starting to highlight that discover is lower down on the totem pole. lisa: capital one doing a lot of business with lower income families, subprime loans. in uniting the two and there is a real
reducing reliance on visa and mastercard. jonathan: dear regulator this is why this deal should close. what will be the difficulty? sonali: they have changed guidelines when it comes to bank mergers so they waited until they came out with the new proposals. they have a certain degree of certainty that those of relapse don't exist when it comes to these new guidelines. lisa: what with the rationale be for regulators? we are looking at a premium of 20%. those shares are up 12%. what is the main...
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the, the breaking news room, nobody downs where at least $104.00 policy me ends up being mastercard. as a way of rushing to receive aid, we've got a 1st hand account from survivals and eye witnesses. we were on our sheets street and certainly tank stored us. it was chaos. they were crowds of people, but the occupation kept acquiring the task. there were so many martyrs casualties. we will not allow anyone to interfere in our internal affairs. the so called west colonial habits needs the defendant fading dying states instead of russia west that attempts to instill fear in russia and we can add up to light up. but the firm will, of the people says, presidents not an improvement in his state of the nation address. and security forces and chaff kill upfront and then i'll position lead. uh it'll show top overnight after the socialist party without borders headquarters plus surrounded the we're coming to you live from must go visit our to international. i'm i, they show a judge with a top stories this hour and we'll begin with them breaking news coming from northern gas where at least 104
the, the breaking news room, nobody downs where at least $104.00 policy me ends up being mastercard. as a way of rushing to receive aid, we've got a 1st hand account from survivals and eye witnesses. we were on our sheets street and certainly tank stored us. it was chaos. they were crowds of people, but the occupation kept acquiring the task. there were so many martyrs casualties. we will not allow anyone to interfere in our internal affairs. the so called west colonial habits needs the...
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Feb 28, 2024
02/24
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autozone tjx, otis, mastercard, home depot, costco, general electric, disney had a 52-week high. don't tell anyone. if these are the stocks that are leading the market, and they are, by the way. apple is making lows. it's not leaving the market. rsi is 37, not even in the game. alphabet, somehow, looks worse. tesla, -19%. those are not the leaders. these new companies that we are talking about, not really new, new to the conversation, they are not part of max seven, whatever. they are going up, and from my perspective, that is the more important message, and by the way, look at equal weight nasdaq. technology, writ large, it looks amazing. look at equal weight s&p. it's licking -- making higher highs. it may not be video strength, but that's what you want to see. yes, there are a few thousand stocks that are really that important that don't look great right now. there is no real cause for alarm. i want to leave you with something. jc perez had this out this morning. this is the bottom line for me. there are no new lows. right now, 13% of the s&p 500 making new highs, that's great
autozone tjx, otis, mastercard, home depot, costco, general electric, disney had a 52-week high. don't tell anyone. if these are the stocks that are leading the market, and they are, by the way. apple is making lows. it's not leaving the market. rsi is 37, not even in the game. alphabet, somehow, looks worse. tesla, -19%. those are not the leaders. these new companies that we are talking about, not really new, new to the conversation, they are not part of max seven, whatever. they are going up,...
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Feb 21, 2024
02/24
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, discover's competition because cap 1 won't be able to underwrite as many visas and mastercards. so this is good for consumers. she is so ow so opposed to big business, she can't see it. maria: president biden makes accommodations because of senator warren. i think she really does set his agenda, her and the other like severe lefties set his agenda. >> and why that is so problematic is, one, the impact it has on all of us, our entire country. but two, going back to the video, those individuals dislike you. you just have to accept that. those people talking, they have a disdain for you and your way of life whereas we can sit up here and talk and i think we all have a lot of liberal friends. i don't have disdain for them. i don't have disdain for their way of life. they just think different and that's the difference and that's why they push their agenda so hard on the rest of us. and that's why they're forcing these things down our throat. because they almost want to make us suffer and that's just a non-american way of doing things. it's horrible. >> so much of their agenda is real
, discover's competition because cap 1 won't be able to underwrite as many visas and mastercards. so this is good for consumers. she is so ow so opposed to big business, she can't see it. maria: president biden makes accommodations because of senator warren. i think she really does set his agenda, her and the other like severe lefties set his agenda. >> and why that is so problematic is, one, the impact it has on all of us, our entire country. but two, going back to the video, those...
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Feb 21, 2024
02/24
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. >> you immediately came up with the notion that competition between mastercard and visa could end up being a positive thing. >> yeah. >> one of your -- a person that you know well that we have on a lot, senator warren, boilerplate. i'm not worried about her. i know where she's going to to come down at when you see something like that, does it make you think maybe progressives are out of their mind and know nothing about it >> i don't know. i thought that my -- >> you see though. you see though you've seen other stuff she said. >> i knew my take from an antitrust world was a bit of a contrarian take. >> were you able to walk into another job? >> no murmurs, no. >> you're known as a right-winger. >> capitalist. i read this -- >> i was just said it. andrew said it yesterday as plain as the nose on your face, how this works and right out of the box, oh, this is going to hurts, blah, blah, blah. same old crap. the stuff she says about buybacks and cooperman and elon musk elon musk paid more taxes than her entire friggin' state basically almost, and we hear that he's just this fat cat who
. >> you immediately came up with the notion that competition between mastercard and visa could end up being a positive thing. >> yeah. >> one of your -- a person that you know well that we have on a lot, senator warren, boilerplate. i'm not worried about her. i know where she's going to to come down at when you see something like that, does it make you think maybe progressives are out of their mind and know nothing about it >> i don't know. i thought that my -- >>...
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Feb 23, 2024
02/24
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and a large scale western sanctions and that payment system was expanded in march 2022 when visa and mastercard ceased operations in russia. third party and that is important because russia is now the most sanctioned economy in the world it is difficult to find any key sectors of the economy or parts of the military that are not already under western sanctions because of that, russia got very good at evading sanctions, finding workarounds and loopholes in one of those ways is importing key western goods via a third country such as china. ukrainian officials publish details of western technology, microchips and semiconductors all made in the us and europe and they have found inside russian military drones they shut down over the battlefield in ukraine and in parts, this key western parts of been imported via third country such as china and i think that's the important part of these measures announced today. indie these measures announced today. we saw these measures announced today. we sanoe biden meet with alexei navalny�*s widow and in terms of reaction, since that death that we ago today, m
and a large scale western sanctions and that payment system was expanded in march 2022 when visa and mastercard ceased operations in russia. third party and that is important because russia is now the most sanctioned economy in the world it is difficult to find any key sectors of the economy or parts of the military that are not already under western sanctions because of that, russia got very good at evading sanctions, finding workarounds and loopholes in one of those ways is importing key...
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Feb 23, 2024
02/24
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it would shock me if you weren't allowed to add heft to a potential competitor, visa and mastercard >> i made that argument the day it came out. said, this would be a good thing because people think that visa and mastercard are like a tax on the entire economy if you could have another competitor actually valuable but there's this other argument to be made that, in terms of banking, you don't want more consolidation, and making capital one a stronger, becomes a, first of all, number one credit card company in the country over jpmorgan and citigroup, and whether you think there's too much consolidation and treasury would somehow try to -- >> i'm not saying i watch every minute of this show all the time, but you have the stellantis ceo on. his thing on home car companies? >> five or six. >> five. still way over banked. >> way over banked >> way over banked. >> and employees not watching us, what do you mean you don't watch -- you don't want to cop to that? that you watch the show -- >> i try to diversify a little bit. >> hold on >> not -- >> when we -- >> silicon valley bank. >> yep. >>
it would shock me if you weren't allowed to add heft to a potential competitor, visa and mastercard >> i made that argument the day it came out. said, this would be a good thing because people think that visa and mastercard are like a tax on the entire economy if you could have another competitor actually valuable but there's this other argument to be made that, in terms of banking, you don't want more consolidation, and making capital one a stronger, becomes a, first of all, number one...
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Feb 13, 2024
02/24
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senate judiciary committee is calling on the ceos of american airlines and united airlines and visa and mastercard to testify on credit card competition and fees. senator dick durbin saying the four companies have opposed congressional efforts to bring competition to the credit card market in order to protect dominant market positions and profits through cards. the companies have yet to comment. that hearing is slated for april 9th. >>> blackberry announcing it is cutting more jobs in the cybersecurity business as the push to profitability. the company saying the 200 layoffs will create savings of $27 million. the cuts are part of the ongoing plan to separate the internet of things and cybersecurity business as stand alone divisions to reduce annual costs. >>> shares of arm pulling back ahead of the open after soaring 29% in yesterday's session to extend last week's post-earnings rally. the stock is up nearly 90% since that report and has almost tripled since the company's ipo last september. as of this morning, it is less than $40 billion way from overtaking intel's $186 billion market cap and th
senate judiciary committee is calling on the ceos of american airlines and united airlines and visa and mastercard to testify on credit card competition and fees. senator dick durbin saying the four companies have opposed congressional efforts to bring competition to the credit card market in order to protect dominant market positions and profits through cards. the companies have yet to comment. that hearing is slated for april 9th. >>> blackberry announcing it is cutting more jobs in...
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Feb 29, 2024
02/24
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josh's jpmorgan has made a new high berkshire hathaway, mastercard >> so this speaks to strengthening of the economy, but it also is important to remember that if we are at a point where the aggressive gdp numbers are being pushed out, we're not seeing the growth on the revenue side that we had thought we would, but there's no reason that we're not going to see it six months from now you can see that the economy is percolating, and there are reasons to be positive about the second half of the year into 2025, and that, to me, is really helping what you're saying, the cyclical case. it's broadening out and it's not just tech and comcomps. >> i'm so glad you said that >> you are welcome >> augers well >> we were looking at a sector by sector basis trying to get a sense of what's really working right now, not individual names but groups, whole groups, because one of the criticisms about this current bull market is how top heavy the highest rsi in the market. if the industrials are the strongest stocks, and i think financials might be third, that's a great tape if you are thinking how is t
josh's jpmorgan has made a new high berkshire hathaway, mastercard >> so this speaks to strengthening of the economy, but it also is important to remember that if we are at a point where the aggressive gdp numbers are being pushed out, we're not seeing the growth on the revenue side that we had thought we would, but there's no reason that we're not going to see it six months from now you can see that the economy is percolating, and there are reasons to be positive about the second half of...
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Feb 20, 2024
02/24
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when i think of capital one and discover i think, does that mean for b's and mastercard checkup you must be thinking, where are my portfolio companies going to find an edge in -- edge here? what are you investing in at the moment? stephanie: consumer credit has been a pretty no-go space for the last little while for vc investors, just given where the market environments have been and cost of capital. i think there are still really interesting investments to be made in that space, in the consumer space specifically. we have seen a number of large rounds like monzo get done in the past year. in the past quarter, really. i hope they will be renewed interest on the consumer side. we have been talking to a lot of our financial services corporate clients. so, banks, insurance companies. many of whom service. it has been a huge amount of interest in ai. we are spending time looking at the intersection of financial services and some of the new advances in ai. we are spending time in fraud. $10 billion in fraud lost in 2023. lots of new fraud vectors coming up with gen ai as well. many of our cor
when i think of capital one and discover i think, does that mean for b's and mastercard checkup you must be thinking, where are my portfolio companies going to find an edge in -- edge here? what are you investing in at the moment? stephanie: consumer credit has been a pretty no-go space for the last little while for vc investors, just given where the market environments have been and cost of capital. i think there are still really interesting investments to be made in that space, in the...
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Feb 20, 2024
02/24
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looking at other movers including mastercard. lauren: it is down with visa, down 3% now capital one is buying discover in a $30 billion all stock deal. that could take a slice out of payment processing market dominated by these two names. stuart: southwest airlines. lauren: they got two upgrades, bernstein goes all the way, $42 price target, they basically thing conditions in the us market have gotten a lot better. stuart: tesla down earlier. lauren: down 4%, downgraded at philip security to neutral with $175 price target. analyst says that near-term outlook for tesla looks quite bleak with the company set on sacrificing margins for a price cut. stuart: thanks. president biden facing more calls to step aside. how is the administration responding. >> reporter: the white house says the president is fit. the president says he's fit. 's campaign says he's raising tons of money, the president is going to do more of that, he' s going to california. 's got some fundraising events the next few days, in los angeles and san francisco areas
looking at other movers including mastercard. lauren: it is down with visa, down 3% now capital one is buying discover in a $30 billion all stock deal. that could take a slice out of payment processing market dominated by these two names. stuart: southwest airlines. lauren: they got two upgrades, bernstein goes all the way, $42 price target, they basically thing conditions in the us market have gotten a lot better. stuart: tesla down earlier. lauren: down 4%, downgraded at philip security to...
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Feb 16, 2024
02/24
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god forbid, hike rates and i think all bets are off and it comes down to inflation and i agree with mastercard. the fact is that the labor market is all important. and until we see some cracks, inflation will move higher and people will buy those goods and services. sonali: are there parts of the market looking a little bit double territory? kathryn: yes. the s&p 500 in general look stretched in terms of valuations, if you look at history or international equities. if we were to enter an economic acceleration, there are opportunities internationally and i would be looking outside the u.s. and latin america or japan. right now i think that the u.s. is looking pretty frothy especially when we consider the potential that there is some economic surprises. sonali: when you look at the whole week you have seen a ride higher in yields. how has that changed your thinking around discounting, knowing that perhaps rates will be a little bit higher for longer? kathryn: a great question, because one of my great calls were the steepener. that has been pushed out so the trade that we did get right was the pu
god forbid, hike rates and i think all bets are off and it comes down to inflation and i agree with mastercard. the fact is that the labor market is all important. and until we see some cracks, inflation will move higher and people will buy those goods and services. sonali: are there parts of the market looking a little bit double territory? kathryn: yes. the s&p 500 in general look stretched in terms of valuations, if you look at history or international equities. if we were to enter an...
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Feb 20, 2024
02/24
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if it wins federal approval, the merger would challenge the dominance of visa and mastercard in the credit card industry. and on wall street, tech stocks dropped, and that pulled the broader market lower. still to come on the newshour. low demand for commerical office space fuels economic fears. a domestic violence call in minnesota that turned deadly sheds light on a growing problem in the u.s. a new exhibit chronicles the rich history of independent black cinema. plus, much more. >> this is the "pbs newshour" from weta studios in washington and in the west, from the walter cronkite school of journalism at arizona state university. william: a two-day hearing in a london courtoom began today over the fate of julian assange, the founder of wikileaks. at stake -- whether he will be extradited to the united states on espionage charges. his case has reopened debate over whether assange is a journalist and publisher, or something more sinister, and many defending him say free speech and an independent press is also at stake. >> this will likely be julian assange's last chance to avoid facing pr
if it wins federal approval, the merger would challenge the dominance of visa and mastercard in the credit card industry. and on wall street, tech stocks dropped, and that pulled the broader market lower. still to come on the newshour. low demand for commerical office space fuels economic fears. a domestic violence call in minnesota that turned deadly sheds light on a growing problem in the u.s. a new exhibit chronicles the rich history of independent black cinema. plus, much more. >>...
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Feb 20, 2024
02/24
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addition capital one is huge and i don't think there will be antitrust issues, the monopoly of visa and mastercard has been living for the longest time, i don't think antitrust also the stock. some people are worried but i don't think it be the case for the credit card company. maria: will get the federal reserve minutes tomorrow morning and will hear from the fed going into the march meeting and i want to get your take on rates and allocated capital i want to bring michael leon that, your reaction. >> the market has been up for 15 straight weeks were on a 20 plus% run history tells us we are due to a 3 - 5% pullback but if we get a blowup from nvidia tomorrow night we may buck the trend what you see over the next couple months are we due for release? >> i don't think so history will tell you from the period between the fed saying interest rates are unlikely to rise further in the peak of the rate cycle to the point where the fed cuts rates that the strongest part of the market and we have seven months to go before that occurs in when you couple that with a strong consumer which is way more than 7
addition capital one is huge and i don't think there will be antitrust issues, the monopoly of visa and mastercard has been living for the longest time, i don't think antitrust also the stock. some people are worried but i don't think it be the case for the credit card company. maria: will get the federal reserve minutes tomorrow morning and will hear from the fed going into the march meeting and i want to get your take on rates and allocated capital i want to bring michael leon that, your...
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Feb 14, 2024
02/24
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let me give special thanks cognizant ericsson, mastercard, meta, organization nielsen sage, salesforce. for their sponsorship of today's program. i will now ask you to silence earphones, turn off your ringers but do not put them away. we'll invite you to share the experience with your audiences. tweet, post, gauge on social media however you would like. as we move through today's program. you will find us on twitter iti underscore tech tweet. # intersect 2024 so go ahead and post away all day long please. will also be doing digital poles throughout the program you will need your phone to participate in those. you will see instruction showing up on the screen as we go.
let me give special thanks cognizant ericsson, mastercard, meta, organization nielsen sage, salesforce. for their sponsorship of today's program. i will now ask you to silence earphones, turn off your ringers but do not put them away. we'll invite you to share the experience with your audiences. tweet, post, gauge on social media however you would like. as we move through today's program. you will find us on twitter iti underscore tech tweet. # intersect 2024 so go ahead and post away all day...
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Feb 14, 2024
02/24
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cognizant ericsson, mastercard, meta, organization nielsen sage, salesforce. for their sponsorship of today's program. i will now ask you to silence earphones, turn off your ringers but do not put them away. we'll invite you to share the experience with your audiences. tweet, post, gauge on social media however you would like. as we move through today's program. you will find us on twitter iti underscore tech tweet. # intersect 2024 so go ahead and post away all day long please. will also be doing digital poles throughout the program you will need your phone to participate in those. you will see instruction showing up on the screen as we go. you will be able to scan the qr code or go to the pigeonholed web address and enter your code to join your submission will be anonymous we appreciate your participation. set let's get the ball rolling it's my great pleasure to welcome jason to the stage is president ceo of iti. hope enters the keynote speaker. >> getting us kicked off hi everybody it's so great to see you i can't see any of you that the light were not shin
cognizant ericsson, mastercard, meta, organization nielsen sage, salesforce. for their sponsorship of today's program. i will now ask you to silence earphones, turn off your ringers but do not put them away. we'll invite you to share the experience with your audiences. tweet, post, gauge on social media however you would like. as we move through today's program. you will find us on twitter iti underscore tech tweet. # intersect 2024 so go ahead and post away all day long please. will also be...
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Feb 20, 2024
02/24
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these aren't competing with visa, mastercard and amex. more a card issuer. it seems like this combo flaws a different segment -- plays in a different segment of the market than jpmorgan which i think of as being a lot of it being higher end, and it also seems like card issuers these days are facing new competition from the likes of the buy now, pay later contingent that are trying to change the model. right. >> right. >> so what are the risks involved here with, if i've got the landscape right that investors should be thinking about? >> i think scale is very key in this environment. now, the price tag itself is, you know, a lot of people are pointing to will obviously get regulators' attention with regard to this is the financial system. capital one is a bank as well, so, you know, you have that dynamic. it's the ninth largest bank in the country, and you're right, they serve a different customer than a lot of the groups that we might consider competition, but there's still significant overlap in terms of the income levels they serve. that's point number one
these aren't competing with visa, mastercard and amex. more a card issuer. it seems like this combo flaws a different segment -- plays in a different segment of the market than jpmorgan which i think of as being a lot of it being higher end, and it also seems like card issuers these days are facing new competition from the likes of the buy now, pay later contingent that are trying to change the model. right. >> right. >> so what are the risks involved here with, if i've got the...
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Feb 2, 2024
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opening bell in about a minute >> one of the things that you taught me to look at, whether it be visa or mastercard, take a look at the market cap one of them is oabbvie they're going to open with a $300 billion valuation, and they're successfully navigating one of the biggest in america, which is humana. i have to hand it to gonzalez. he doesn't do any tv, mr. gonzalez, but it is very unusual to be able to handle this rob davis doesn't have to do it yet. >> at merck. >> keytruda is still there but bristol myers is trying to navigate a bunch of exclusive. i think any publicity, without becoming a public face for abvi, that's a very good job, and $300 billion is not going to -- it's hard to get that. >> let's get the opening bell and the cnbc realtime exchange at the big board, it is alto neuroscience ipo today. at the nasdaq, it is jpmorgan asset management we had flutter we had ameri sports, flutter, now this jim, ipo pipeline. >> now, yesterday, you had a great interview where the ceo came on and said he's going to use the money for growth, but in the prospectus, he said he's going to use money t
opening bell in about a minute >> one of the things that you taught me to look at, whether it be visa or mastercard, take a look at the market cap one of them is oabbvie they're going to open with a $300 billion valuation, and they're successfully navigating one of the biggest in america, which is humana. i have to hand it to gonzalez. he doesn't do any tv, mr. gonzalez, but it is very unusual to be able to handle this rob davis doesn't have to do it yet. >> at merck. >>...
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visa is a great company, mastercard, et cetera. we have the acquiring side of the business we had relationships with the at&ts and verizon and u.p.s. and fedex. we were able to work with people who were willing and wanted to provide value to our customers we provided value as well. that really worked out very well for us >> did it take a pandemic or crisis of some sort to have people think differently about wrapping those rewards in? >> it is interesting a lot of our benefits were travel-related benefits. that worked well for us. it opened our eyes to that package of benefits doesn't need to be travel related the package of benefits which drives our membership model, those benefits can be more inclusive. we have amex offers and we embedded dell benefit or adobe benefit or saks benefit in the card we started to think broader. that helped us out >> now when the company moved to change benefits as it did with delta airlines last year, delta change ticked people off you can only use the lounge so many times with so many benefits they c
visa is a great company, mastercard, et cetera. we have the acquiring side of the business we had relationships with the at&ts and verizon and u.p.s. and fedex. we were able to work with people who were willing and wanted to provide value to our customers we provided value as well. that really worked out very well for us >> did it take a pandemic or crisis of some sort to have people think differently about wrapping those rewards in? >> it is interesting a lot of our benefits...
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Feb 14, 2024
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let me give special thanks cognizant ericsson, mastercard, meta, organization nielsen sage, salesforce. for their sponsorship of today's program. i will now ask you to silence earphones, turn off your ringers but do not put them away. we'll invite you to share the experience with your audiences. tweet, post, gauge on social media however you would like. as we move through today's program. you will find us on twitter iti underscore tech tweet. # intersect 2024 so go ahead and post away all day long please. will also be doing digital poles throughout the program you will need your phone to participate in those. you will see instruction showing up on the screen as we go. you will be able to scan the qr code or go to the pigeonholed web address and enter your code to join your submission will be anonymous we appreciate your participation. set let's get the ball rolling it's my great pleasure to welcome jason to the stage is president ceo of iti. hope enters the keynote speaker. >> getting us kicked off hi everybody it's so great to see you i can't see any of you that the light were not shi
let me give special thanks cognizant ericsson, mastercard, meta, organization nielsen sage, salesforce. for their sponsorship of today's program. i will now ask you to silence earphones, turn off your ringers but do not put them away. we'll invite you to share the experience with your audiences. tweet, post, gauge on social media however you would like. as we move through today's program. you will find us on twitter iti underscore tech tweet. # intersect 2024 so go ahead and post away all day...