Financial News from Power Lunch from 11/9/2009

GS Having an Active Day in News, Now on Power Lunch

Some suspect, but there’s really no evidence of it. >> but i’m interested, I had them work up a quote from the article we were reading an of the sunday times of london profiling GOLDMAN SACHS and there’s a statement that says goldman staffers are trained to brain pick contacts and clients harder than the other guys. You ask what’s their best trade, how do they see the market, you then you feed it to colleagues

“… to brain pick contacts and clients harder than the other guys. You ask what’s their best trade, how do they see the market, you then you feed it to colleagues …”

News on WFC From the Pundits on Power Lunch

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“… or… Fishing at the shore. I’m breathing better… With spiriva. Announcer: spiriva inhaled …”

JPM Having an Active Day in News, Now on Power Lunch

>> sometimes it just never goes >> right. And that’s the cultural battle and that’s what we’re seeing >> thank you, charlie. I had a friend who worked at chase and I asked somebody about them and they said it’s JPMORGAN CHASE, he says, yes, he’s a they still look down on those people coming from chase. >> JPMORGAN CHASE is going to lift the salary freeze currently in place for those earning $60,000 plus. That’s according to dow jones. That was the perfect segway. She’s on top of everything. >> straight ahead, business spends billions on marketing and advertising, but the internet is dramatically changing how that money is being spent.

“… ill look down on those people coming from chase. >> JPMORGAN CHASE is going to lift the salary freeze currently in place for those earning $60,000 plus. That’s according to dow jones. That was the perfect segway. She’s on top of everything. >> straight ahead, business spends billions on marketing and advertising, but the internet is dramatically changing how that money is being spent. …”

Stocks to Watch: BAC Heavily Covered on Power Lunch

Ranks of B OF A and basically look for an outside candidate even though they really can’t there’s no one that really wants this job just yet. I was told last night by a senior executive at BANK OF AMERICA that they’re going to be interviewing some people this week, but what it’s really come down to, most of the key players, most of the top bankers that could take the job don’t want the job. So they’re down to those who guys and there’s a board room battle over who to select between them, and that’s making this process even more unsettling, and it’s pretty interesting, if you look at a stock chart of BANK OF AMERICA, if you look at what happened after we reported the news, I believe, on september 30th, I think that was a wednesday, we did it on "fast money," the stock basically had a nice pop. It went from $15 to $18 or something along those lines because people figured with ken lewis stepping down, there’s been a lot of controversy, he’s

“… this week, but what it’s really come down to, most of the key players, most of the top bankers that could take the job don’t want the job. So they’re down to those who guys and there’s a board room battle over who to select between them, and that’s making this process even more unsettling, and it’s pretty interesting, if you look at a stock chart of BANK OF AMERICA, if you look at what happened after we reported the news, I believe, on september 30th, I think that was a wednesday, we did it on “fast money,” the stock basically had a nice pop. It went from $15 to $18 or something along those lines because people figured with ken lewis stepping down, there’s been a lot of controversy, he’s …”

A Discussion of BAC’s CEO Occured on Power Lunch

I think we’ll probably be in the middle 1100s because we’ll get caught in that vacuum on the way up as we did in the way down? >> despite BANK OF AMERICA spending months structuring a secession plan for ken lewis a replacement has yet to be named and now a north versus south civil war has broken out inside the bank’s board room pitting charlotte against those from its acquisitions in boston which is in the north for those of you who don’t know. Each side backing its own

“… a north versus south civil war has broken out inside the bank’s board room pitting charlotte against those from its acquisitions in boston which is in the north for those of you who don’t know. Each side backing its own …”

Power Lunch: GOOG is Among Most Active Stocks in the News Today

The good graces of the market versus buying that high beta play or the chase for trash earlier on in september. >> what about all these deals, cadbury, kraft, GOOGLE laying out $750 million in stock at least, but we’ve seen a lot more deals. Isn’t that good news? >> it’s always positive for the you want to see that creative entity to the marketplace and you want to see deals getting it means even if they are mostly stock, you want to see the finances involved in it. But it is definitely a win/win

“… od news? >> it’s always positive for the you want to see that creative entity to the marketplace and you want to see deals getting it means even if they are mostly stock, you want to see the finances involved in it. But it is definitely a win/win …”

Kraft Foods, Incorporated Class A Crosses Extremely Active News Threshold for the Day, Now on Power Lunch

The good graces of the market versus buying that high beta play or the chase for trash earlier on in september. >> what about all these deals, cadbury, KRAFT, google laying out $750 million in stock at least, but we’ve seen a lot more deals. Isn’t that good news? >> it’s always positive for the you want to see that creative entity to the marketplace and you want to see deals getting it means even if they are mostly stock, you want to see the finances involved in it. But it is definitely a win/win

“… od news? >> it’s always positive for the you want to see that creative entity to the marketplace and you want to see deals getting it means even if they are mostly stock, you want to see the finances involved in it. But it is definitely a win/win …”

Cadbury PLC – Shs American Deposit Receipt Repr 4 Shs Crosses Extremely Active News Threshold for the Day, Now on Power Lunch

The good graces of the market versus buying that high beta play or the chase for trash earlier on in september. >> what about all these deals, CADBURY, kraft, google laying out $750 million in stock at least, but we’ve seen a lot more deals. Isn’t that good news? >> it’s always positive for the you want to see that creative entity to the marketplace and you want to see deals getting it means even if they are mostly stock, you want to see the finances involved in it. But it is definitely a win/win

“… od news? >> it’s always positive for the you want to see that creative entity to the marketplace and you want to see deals getting it means even if they are mostly stock, you want to see the finances involved in it. But it is definitely a win/win …”

Invest in MCD? Turn on the TV, Its All Over the News and Power Lunch

>>> shares of radio shack trading higher. They will start carrying the iphone at some of its stores and investors believe that will help it ring up more profits. >>> shares of MCDONALD’S have been trading higher. That stock is up a little less than 2% in today’s session. >> bill, let’s go down to the floor of the new york stock exchange and chat with steve grasso of stuart frankel who is standing by to tell us what’s going to drive the market higher perhaps into the latter part of

“… today’s session. >> bill, let’s go down to the floor of the new york stock exchange and chat with steve grasso of stuart frankel who is standing by to tell us what’s going to drive the market higher perhaps into the latter part of …”

RSH Having an Active Day in News, Now on Power Lunch

With kraft going hostile in its they did not increase their original offer and cadbury is rejecting that bid. >>> shares of RADIO SHACK trading higher. They will start carrying the iphone at some of its stores and investors believe that will help it ring up more profits. >>> shares of mcdonald’s have been trading higher. That stock is up a little less than 2% in today’s session. >> bill, let’s go down to the floor of the new york stock

“… up more profits. >>> shares of mcdonald’s have been trading higher. That stock is up a little less than 2% in today’s session. >> bill, let’s go down to the floor of the new york stock …”