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Speaking of partnerships, Josh Brown on Friday's Halftime noted BX has "done nothing" since it came public 11 years ago (in that endlessly ballyhooed Steve Schwarzman coverage on CNBC), and it's because of the "structure." Brown said if it goes corporate, the company's tax rate would go up, but it would be eligible for indexes.
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Real Time Feed What he didn't say was that the real center of the financial universe is on the American West Coast, that investment banks and Wall Street are never going to be like Gekko's 1987 movie again, that at some point one of these West Coast companies will have 10 times as much cash as GS' market cap and will buy it just for the heck of it, etc.
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GO SLOW 2.3K Views If on the other hand China is happy to kick out KFC and Taco Bell and iPhones and send troops to Pyongyang, then it'll be a U.S. embarrassment and revert the world's geopolitical situation to about 1981.
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Kevin O'Leary bluntly said everything else at GOOGL "is pale" to the search business "and everything else in some cases is a waste of money." (We half agree. YouTube was no waste of money. The car thing though doesn't make much sense, but whatever.)
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You guys were great! Super fast with a response! Jim Lebenthal said "we can put to bed the idea" that any Asian suppliers "have any predictive power whatsoever about iPhone sales."
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