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Genres: Judge also brought in Heisman winner Pete Dawkins. Pete said there's a "real tension" with North Korea but didn't answer Judge's question about whether Donald Trump's apparent summit is the "right strategy."
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"Now, Citigroup is no longer too big to engage," Mayo said, adding 3 facts that might've compelled ValueAct to jump aboard: The first being that "chairman Mike O'Neill must step down at the end of the year" and the position is "in play," the second that C has "worst in class returns vs. its U.S. bank peers," and finally that it has "worst in class valuation," which really seems more like an extension of the 2nd fact, but whatever.
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Judge on Tuesday's Halftime brought in this year's Ira Sohn champ, Andrew Walker, whose idea was long LQ on spinoff potential. (Whew. He didn't say anything about "Embedded in that is that PayPal is a short.") (This writer is long PYPL.)
Josh Brown said he's long JPM and wouldn't switch that for GS. Brown said unlike Joe, he agrees with Bernstein on MS and then unleashed the most provocative comment of a great show: "I do not think that they are set up for what's to come in wealth management."
Kari Firestone likes Bernstein's buy V call. Kari said any threat from crypto is a "long way from today." Steve Weiss said he looked at the MA chart and can't figure out why he hasn't owned it over the years.
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