OVERDOSE OF FENTANYL, BUT POLICE
DID NOT KNOW HOW HE OBTAINED THE
DRUG.
THAT IS WHAT IS HAPPENING NOW.
OVER TO YOU.
>> STRONG EARNINGS AND AMERICAN
EXPRESS COULD USE THE DOW
INDUSTRIALS TODAY.
THE FIRST-QUARTER PROFIT JUMPED
MORE THAN 30%.
MICHAEL LEE AND JOHN TO TREATIES
OF POINT OF VIEW WEALTH
MANAGEMENT JOIN US NOW.
LET ME START WITH YOU.
AMERICAN EXPRESS ON THE TREE TO
LOWER THE FEES AND CHARGES HE
WANTS TO COMPETE WITH MASTERCARD
AND VISA, BUT ALSO LETTING
ATTIRE AND CUSTOMERS CARRY A
BALANCE.
AS THE SETTING IT UP FOR SOME
KIND OF PROBLEM?
WAS AMERICAN EXPRESS GOING TO BE
ONE OF THE BIG THREE?
>> I THINK GOOD THINGS TO COME
WITH AMERICAN EXPRESS.
THEY DID HAVE A SLIGHTLY LARGER
RESERVES LOST IT TO PUT AWAY
THIS QUARTER.
HOWEVER, THE REVENUE BE
SUBSTANTIALLY 10%
YEAR-OVER-YEAR.
I DON'T THINK IT WILL CHANGE.
THEY ARE GETTING A LITTLE HELP
FROM THE INTEREST RATE MARKETS.
LETTING THEIR CUSTOMERS CARRY A
BALANCE WILL BE MORE BENEFICIAL
AS RATES PICKUP.
GOOD THINGS TO COME FOR AMERICAN
EXPRESS.
A A GREAT, GREAT EARNINGS
QUARTER YESTERDAY.
>> I KNOW YOU TELL YOUR CLIENTS
IT'S EASY TO MANIPULATE EARNINGS
PER SHARE, BUT REVENUE IS THE
THING TO PAY ATTENTION TO YOU.
MOST AT 9,272,000,000,000 IN THE
FIRST QUARTER AND EXPECTATION
THE SAME PART 1000000000.
>> LOOK WHERE WE WERE 2.5 YEARS
AGO.
THEY WERE SO FIERCE FOE THAT
THEY LOST THE EXCLUSIVE
RELATIONSHIP WITH COSCO HULA.
THIS COMPANY.
AMEX FELL DOWN TO $53 STOCK
TRADES BY THE END OF 2015 AND
HERE WE ARE TALKING ABOUT A
HUNDRED DOLLARS AND THE FACT
THEY LOOSEN THE SCREWS ON
EXCLUSIVITY IS BENEFITING THEIR
TOP LINE TREMENDOUSLY.
FANTASTIC QUARTER ON ALL
ASPECTS.
>> I'M GOING TO SHIFT GEARS.
THE COMPANY HAS BEEN AS SOME
PEOPLE WOULD SAY, NOT ME, BUT A
TRAIN WRECK, TRYING TO INVEST
THINGS THEY DON'T CONSIDER PRIME
BUSINESS ANYMORE.
THE EXPECTATION IS PRETTY LOW.
>> YOU HOPE THERE'S NOTHING LEFT
IN THE CLOSET.
YOU DON'T WANT ANY MORE
BREAKDOWNS ON THE LEGACY OF GE
CAPITAL.
THE PIVOTAL QUARTER FOR CBO
FLANNERY TO INVEST SOME
CONFIDENCE BY INVESTORS AND THEY
START LEADING EXPERT PATIENTS.
THE BAR IS SO LOW THAT THE
COMPANY HAS TO BE LESS BAD THAN
EXPECTATIONS AND HOPE FOR THE
STOCK STARTS WORKING HIGHER.
>> GE WAS TRYING TO SELL IT
LOCOMOTIVE CONSTRUCTION
BUSINESS.
IT COULDN'T DO THAT FOR NOW TO
SEPARATING THE BUSINESS FOR A
PUBLIC OFFERING.
IS THIS HOW THEY HAVE TO GO
FORWARD AS THEY TRY TO DOWNSIZE
THE COMPANY?
>> ANY SORT OF WAVERING FROM
JOHN FLANNERY AFTER EARNINGS
TOMORROW WOULD BE A NEGATIVE FOR
THE STOCK.
WHAT I FIND INTERESTING RIGHT
NOW IS THE OPTIONS MARKET.
IF YOU LOOK AT THE BULLISH TO
BEARISH BETS, THERE'S TWICE AS
MANY ON THE OPTIONS MARKET.
AT THIS POINT IT'S ALMOST LIKE
WHAT COULD GET WORSE.
HOPEFULLY WE HAVE SOME CLARITY
AND STRATEGY INVESTORS CAN GET
THEIR ARMS AROUND AND THEY ARE
DOWN 50% OVER THE LAST YEAR WITH
THE MARKET THAT 20% TO 30%.
CHERYL: IN THE REMAINING TIME
BIG NAMES MAKE SWEET.
OFF SWEET.
OFF THE BAT, FACEBOOK, NETFLIX.
ARE THEY GOING TO TAKE A BIG HIT
BECAUSE OF THE PRIVACY CONCERNS?
>> SHARE.
WITH FACEBOOK, WHICH IS STALLED
LAST ORDER FOR THE FIRST TIME
EVER IN NORTH AMERICA.
YOU SAW DELIA AND USERS IN THE
AMOUNT OF TIME SPENT ON FACEBOOK
DECLINE.
SO THE POPULARITY OF FACEBOOK IS
ALREADY, WHAT WAS SEEN AS PEAKED
IN THE U.S. AND THE PRIVACY
CONCERNS WILL ACCELERATE THAT.
>> AT AMAZON COMMITTEE
ANNOUNCEMENT TODAY 100 MILLION
PRIME CUSTOMERS.
ARE THEY TRYING TO DEFLECT OUR
ATTENTION FROM SOMETHING MORE
OMINOUS FOR THEM?
THEY MAKE AMAZON GROWTH STORY IS
BASED ON AWS.
IT ALLOWS JEFF BEZOS TO DO OTHER
EXPERIENCE LIKE WHOLE FOODS AND
OTHER PRODUCTS AT A LOSS.
ALL EYES ARE ON AWS IF THEY
CONTINUE AT A 40% TOPLINE GROWTH
RATE THE STOCK WILL MOVE HIGHER.
THE VALUATION IS SO HIGH THAT IT
ALL DEPENDS ON AWS.