Pimco boss shrugs off Gross’ exit
Today's Breakfast with Benjamin sees Pimco CEO Douglas Hodge downplay Bill Gross' exit, big-money players identifying a stock market entry point, JPMorgan's huge data breach, and more.
- Pimco CEO says the big beachside bond shop has already moved past Bill Gross. Nothing to see here, folks. It’s all good in the neighborhood. ‘Our DNA is fundamentally unchanged’ after Gross
- A bullish sign for stocks. The big-money investors are getting in position to pounce on the stock market pullback. Options traders have started making bullish wagers.
- The JPMorgan Chase data breach has compromised 76 million households and 7 million small businesses. The hackers have your name, address, phone numbers and e-mail addresses, but they don’t have your passwords, yet. The pace of data breaches has ramped up.
- IPOs and M&A deals are both pointing to signs of a stock market bubble. Coincidentally, this is how things looked just before the 2008 financial crisis. Twin peaks
- Inventions that might not have been the children of necessity. Did the world really need buffalo wing soda, pajama jeans and pumpkin spice hummus?
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