Chapter 754: CNBC’s report

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CNBC, the total title of the American Shopper Information and Enterprise Channel, is a worldwide monetary cable and satellite tv for pc information station owned by the NBC Common Group of the USA. Its seven channels present real-time monetary market reviews and enterprise info to 385 million households all over the world. A pacesetter in world enterprise journalism.

Nearly all monetary practitioners in the USA use it and Bloomberg Information to study monetary info, and so does Guo Shouyun. CNBC’s 4 main packages, together with ‘Monetary Discussion board’, ‘Market Watch’, ‘Market Roundup’ and ‘Enterprise Central’, are one in every of his regulars.

“Dr. Rosen, how do you suppose the acquisition of Merrill Lynch by the Bruce Basis or Mr. Bruce Guo will have an effect on the monetary markets in the USA?”

Erin Fink, the host of CNBC’s Market Watch program, graduated from the Columbia Journalism Division. She not solely has a lovely look and a scorching physique, but additionally has a eager remark and knowledge to the core of the issue. She additionally turned CNBC Market Watch. The principle purpose why the present is hosted and in style with the viewers.

“I personally do not suppose this can be a good phenomenon. Everyone knows that the Bruce Basis is a serious shareholder within the fourth largest financial institution within the US, ‘Phoenix Financial institution’. The latter has greater than $30 billion in annual income and practically $750 billion in belongings. Its tentacles Protecting all 50 U.S. states, and getting into Canada and Mexico this yr. It’s the largest tremendous monetary establishment in North America, second solely to Citi, Financial institution of America and MG Chase.”

“…In contrast with Phoenix, Merrill Lynch, a monetary establishment that has been established for practically a century, has extra affect and energy. It has 975 branches all over the world and manages an enormous asset of 1.75 trillion US {dollars}. It’s second solely to Wall Avenue. Morgan Stanley is a complete funding financial institution, which is exclusive within the discipline of monetary analysis and personal wealth administration. It is usually the most important consulting establishment in Washington, the World Financial institution, and the world’s main monetary establishments and authorities monetary departments. Its each transfer immediately impacts the USA and the USA. Stability in world monetary markets.”

“…If Phoenix Financial institution merged with Merrill Lynch, it might create a world-class monetary establishment with annual revenues in extra of $65 billion, complete belongings below administration of a staggering $2.5 trillion, and operations in all monetary fields. Or ‘monetary’ Belief’! It is a very scary factor!”

Mitchell Rosen, professor at Harvard Enterprise College, Ph.D.

“Dr Rosen, why do you suppose the merger of Phoenix and Merrill Lynch is a really scary factor? If it is simply due to their dimension, Citigroup can be over $2 trillion in belongings, additionally has a worldwide footprint and entails all of the monetary sector.”

“Citi is essentially totally different from Phoenix Merrill.” Mitchell Rosen shook his head.

“Are you able to elaborate?”

“In fact! … To begin with, I’m towards the emergence of super-large monetary establishments. As a result of these large monetary trusts will hurt shoppers’ rights, breed corruption, hinder honest competitors within the monetary business, and stifle financial freedom. Second, in comparison with Citi, Financial institution of America and different giant monetary establishments. The merger of Merrill Lynch and Phoenix, the character of monopoly is extra apparent.”

“…In Citi, Financial institution of America and MG Chase, whereas the CEO has numerous energy, it’s also constrained by the board of administrators and the board of supervisors. This isn’t the case with Phoenix Merrill Lynch, the place the Bruce Basis and Bruce Kwok personal it. Absolute management. Because of this the oversight position of the board and supervisory board will turn into very restricted. And absolutely the energy of a $2.5 trillion monetary entity is in a single hand, which is suffocating to consider it.”

“…Absolute energy means absolute corruption. The merger of Merrill Lynch and Phoenix is not going to solely profoundly change Wall Avenue, but additionally have an effect on the security and stability of the U.S. monetary market, particularly the inventory market.”

“… Subsequently, I like to recommend that the Antitrust Committee of the Treasury Division firmly can not conform to the merger of Phoenix and Merrill Lynch. And urge Congress to go laws to restrict the shareholding of people and huge establishments in super-large monetary establishments. As a way to keep the integrity of the US monetary market Secure and steady.”

“Boss, it is virtually time.”

Wang Jue walked over and whispered.

Guo Shouyun nodded, took a final have a look at the image on the TV, picked up the distant management and turned it off.

It has been every week since Merrill was acquired by him. The euphoria of success has died down amid the clamor for the Merrill Lynch-Phoenix merger and restrictions on non-public and huge establishments’ stakes in huge monetary corporations.

He might think about who was working behind this. In reality, with the growth of those opposition voices, hostile establishments similar to Citi, Goldman Sachs, and the Dutch ING Group have already stood on the desk.

“Let’s go!”

Guo Shouyun placed on his coat with a relaxed expression. Since this ‘battle’ is unavoidable, and it has reached the purpose of preventing with open flames, he additionally desires to again down.

“Because you wish to combat, let’s combat. The massive deal is to begin once more!”

With boundless confidence and willpower, Guo Shouyun shortly boarded the helicopter contained in the villa.

It takes about quarter-hour by helicopter from the “Shanglin Backyard” on Lengthy Island to Merrill Lynch’s headquarters.

“Boss, look!”

In reality, Wang Jue’s reminder isn’t wanted. By means of the hanging window of the helicopter, Guo Shouyun additionally noticed the gathering outdoors Merrill Lynch headquarters, holding varied indicators in his fingers, protesting towards Merrill Lynch being acquired by him, protesting towards Merrill Lynch and Phoenix merger, and even below the title Crowd of racist slogans.

The dimensions isn’t giant, only some hundred folks.

For the USA, the place demonstrations of every kind are frequent, that is nothing. Along with not with the ability to save face, Guo Shouyun did not take them to coronary heart.

In contrast with these protests for protest’s sake, with ulterior motives, or by getting used for protests; what he ought to actually fear about is the higher class in the USA. That is the core of the true energy on this nation.

“Don’t fret about that. They’re simply small characters, they cannot make waves!” After a pause, “Brent, land at St. Laurent Airport, do not go to Merrill.”

After the helicopter pilot responded, Guo Shouyun turned his head, “Matthew, name Smith and drive to St. Laurent Airport.”

“Sure, boss!”

The helicopter initially meant to land on the highest flooring of Merrill Lynch’s headquarters turned a nook and flew over japanese Manhattan.

St. Laurent Airport within the Higher East Aspect of New York is an airport devoted to parking helicopters for CEOs and executives of main corporations.

After Guo Shouyun parked the helicopter right here, it did not take lengthy for the automobile to select him up. After the 2 events converged, they got here to the ‘Hanshan Bieyuan New York Department’.

The explanation why he opened the Hanshan Courtyard in New York was that he discovered it from his father-in-law’s household.

As one of many prime conferences in New York, the Roosevelt Membership is well-known everywhere in the world, and along with the USA, London, Magic Capital, Tokyo and different prime world cities have its branches, and it’s the prime non-public membership on the planet. The presence.

With the status of the Roosevelt household, the Roosevelt Membership has not solely turn into the primary alternative for top society gatherings in varied nations, but additionally contributed numerous earnings from membership charges and catering, and in addition laid the inspiration for the Roosevelt household to consolidate their standing and develop extra contacts.

Guo Shouyun adopted go well with. When his standing was excessive sufficient and there have been sufficient registered members in Hanshan Academy, he additionally opened it to New York.

Because the monetary coronary heart of the USA, it’s also a spot the place he usually comes. The existence of Hanshan Courtyard actually supplies nice comfort when it comes to banquets.

2039 Fifth Avenue, Higher East Aspect, New York, this can be a baroque high-rise constructing constructed within the Nineteen Forties, with beautiful reliefs and beige exterior. facade.

Though on the east of Fifth Avenue, the place the place the rich gathers doesn’t look probably the most good, however the architectural type and high quality of the wheel is certainly the highest grade in high-rise buildings.

Initially it was a four-star resort referred to as ‘Bacchus’, however as a consequence of poor administration, the excessive price of inside ornament and the expiration of financial institution loans, the proprietor needed to promote himself to avoid wasting himself. On the finish of 2003, Guo Shouyun spent $250 million to purchase it. It later invested $85 million to renovate, and it was not formally put into use till the tip of final yr.

In fact, in contrast together with his funding, the worth of this constructing has practically doubled as the true property business in the USA is scorching.

After asking the driving force to park the automobile, Guo Shouyun bought down and walked over.

There are two entrance doorways to the New York Department of Hanshan Bieyuan. The primary one is much like most resorts, a really strange revolving door. After getting into, it’s the second door in command of the resort safety workers. You could have a membership card of Hanshan Bieyuan to swipe your card to enter. Every membership card can carry two uncarded individuals to enter.

Along with membership playing cards, each customer should bear a safety test for security. Harmful items similar to weapons and explosives are prohibited from being introduced inside.

As well as, the bodyguards of Hanshan Bieyuan usually are not employed from outdoors, however from the interior guards skilled by him, and their loyalty and skill are reliable.

After passing the inspection, Guo Shouyun walked into the foyer and shortly a lovely waiter got here as much as greet him. Nonetheless, the foyer supervisor who had already obtained the information had already rushed over in entrance of him.

“Boss, the visitors are organized in Field No. 9 on the second flooring.”

After smiling and nodding, “Understood, you have to be busy first!”

“Sure!”

It was not the primary time that Guo Shouyun got here to the second flooring by elevator. In contrast with the open restaurant on the primary flooring, the field on the second flooring is undoubtedly extra non-public.

Contained in the clubhouse, the primary and second flooring are eating areas. The third flooring to the seventh flooring is a complete leisure space, together with indoor swimming pool, indoor tennis courtroom, indoor basketball corridor, indoor golf, and so forth. The eighth flooring is a banquet corridor, in addition to a number of assembly rooms of various sizes, or reception rooms.

The remaining ninth to twelfth flooring are 36 luxurious suites. Half of them are long-term leases, and half are part-time rooms.

Though the New York department of Hanshan Bieyuan has solely opened for one quarter on the planet. However because of Guo Shouyun’s more and more in style reputation and affect. Though it’s a new constructing, the variety of registered members right here is rising steadily. Naturally, the earnings of Hanshan Bieyuan has continued to develop.

Along with the annual charge of as much as 30,000 US {dollars} per yr, the earnings of varied meals, drink and lodging seems to be larger. In simply the primary quarter, the principle earnings of the New York Department of Hanshan Bieyuan has exceeded 22 million US {dollars} with out calculating the annual charge. …

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