Given a document, generate a short title of the document. The title should convey the main idea/event/topic about which the document is being written. Note that URLs in the text have been replaced with [Link].

Ex Input:
Daniel Pinto's eyes lit up.
Daniel Pinto: I think that it is about momentum. If you look at 2016  the whole industry had a weaker-than-expected first quarter  and then the momentum gathered from the second quarter to the third quarter  and it continues into the fourth quarter  obviously with the normal seasonality. The fourth quarter is typically weaker than the third quarter  but the momentum continues. That 15% year-on-year increase in markets isn't different than what we saw in the previous quarters.
 Pinto : There's been a strong performance in rates  in emerging markets  in credit â it's all along the fixed-income complex.
 Pinto : When you listen to  his  potential policies  the market reaction is pretty much the mirror image of what  he  might do.
When you listen to  his  potential policies  the market reaction is pretty much the mirror image of what  he  might do.
 He  is pro-US growth  so therefore what you have is higher interest rates and the potential for the Fed to be more aggressive than it would have been otherwise. The equity-market valuations we're seeing aren't low  but there could be additional momentum  particularly in financials. It is not such a surprise.
Turner: There is an argument that the market has priced in all of the best bits of  his  policies and ignored some of the potential negative consequences.
 Pinto : We've been doing a lot of work. Some portions of the business are more electronic than they used to be  and that process may continue. For me  I've made it very clear  it is a business where success relates to your scale. To maintain your success  you have to maintain your scale. To maintain your scale  you have to adjust to however your clients want to execute. That is why David Hudson  who runs markets execution services  is creating an environment for the clients to execute through us in any way they want. That is not over. It will continue. We will continue to adjust because we're mirroring what our clients want.
 Pinto : The SEF aggregator is something we built  and no one uses it. Maybe they will one day. The world for me â the way I see it  for asset managers  more and more of their business is going to passive. That is the trend. Margins are compressing. Efficiency in the way they execute is more and more important  and so we need to face that. We need new ways to do things that are more effective for them.
 Pinto : This is fully loaded ROE for all the business lines in fixed income. This is what we produce. This line is the cost of capital  and every single business  on a fully loaded basis  is delivering a return ahead of the cost of capital  except for commodities  which is going through a process of adjustment. The most important part is if you were to eliminate one of those  not all of the capital goes away  not all of the cost goes away  so essentially the marginal impact  the ROE you would lose by closing the business  is far higher than 15%. That's why  for me  the completeness is very important.
 Pinto : It is shared infrastructure. Revenue flows go away  but capital related to operational and credit risk doesn't. That doesn't change just because you close a line of business. It just gets reassigned to different businesses. That's why when you start cutting you say  "I don't like rates â I'm going to cut rates " well  the marginal ROE of what is left is worse. And as you cut more  it gets worse and worse. In my view  when you start trying to cut costs in this type of business  you don't know when you'll stop cutting. The more you do  the more painful it will become â all in an environment where the wallet has been shrinking.
 Pinto : That's absolutely true. An example of that is equities. We will see how it plays out when equities goes into a down cycle. Everyone said  "We'll cut fixed income and focus all of our energy on protecting our equities franchise." Fine. Equities was growing. Now we have the first year where the equities wallet shrinks  and we may have another one. I don't know.
 Pinto : We look at client profitability on a long-term basis  not just this year. We measure quite accurately all of the resources we provide to the clients  capital  liquidity  the cost of everything  and then we give them credit for the resources they provide to us. They could leave their deposits with us. And then any other business we do  we calculate a marginal ROE  an absolute ROE  and we look at cycles rather than just one year. What it does is it gives you information to manage the relationship with the client. You can sit down with the client and say  "This is what it is  over the last number of years it has been X " so they know where they stand with us. It helps the salespeople to have an intelligent conversation with the client.
 Pinto : It is often easier when you partner with someone  make some progress  and then bring other people in  rather than getting a bunch of banks together and get them developing something from zero.
 Pinto : I think that in order to attract talent  you have to run the company in a way that is appealing to them. That's why we have a clear technology strategy  and have communicated externally about how vibrant and flexible JPMorgan is. It's a way to attract top talent into the organization. The more people you hire from top tech companies  the more talent comes along with them. You have to do what is right  and you have to communicate it too. The reality is that it is a vibrant institution  we're looking forward  we're successful  so therefore people want to join. We haven't had a problem attracting talent. Seventy-seven percent of our new hires into the corporate and investment bank last year were millennials  and they already make up more than 50% of the organization.

Ex Output:
Daniel Pinto JPMorgan CIB CEO interview


Ex Input:
That's Sen. John McCain's warning to the country -- and  his  party -- about the dangers of submitting to the rising tide of populism  isolationism and nationalism being sold by President Donald Trump.
The Arizona Republican's speech -- delivered at his alma mater US Naval Academy on Monday -- was the second time this month he has delivered a broad-spectrum critique of Trump and Trumpism. And the two speeches taken together are rightly understood as  McCain 's attempt -- while facing down a diagnosis of terminal brain cancer -- to serve as a clarion call for a GOP he believes has wrongly and dangerously fallen under the Trump trance. (Worth noting:  McCain  never uses Trump's name in this speech. But  the 45th President  is like a black cloud looming over the proceedings. )
Down that path lies real peril for the party and the country   McCain  believes  and  he  appears to be committed to doing everything in  his  power in the time  he  has left to sound the alarm.
(Although  side note: There is roughly zero chance this speech is not directed at Trumpism  but if  McCain  really wants people to wake up  why doesn't  he  plainly say that?)
Notice the sleeping metaphor  McCain  used in this passage from Tuesday's speech:
That's a series of powerful images from  McCain  -- a public ignorant of the necessity of its leadership  siloed off in echo chambers of our own making  defaulting to partisan politics and unwilling to engage with one another in search of compromise.
 McCain  casts this slumber as a fundamental break from the post-World War II order (and a remarkable blindness to what our post-World War II approach to the world wrought). This line gets at that this-is-not-normal message from  McCain :
The attack on our values -- which  McCain  makes clear is coming from within and without the United States -- requires an active decision to fight for what we believe in. That's the only way we can hope to keep what had made us great  according to  McCain .
At another moment in the speech   McCain  insisted that American values "are under attack from forces within liberal democracies themselves  parties that preach resentful nationalism rather than enlightened self-interest  nativism rather than equal justice."
The stakes  in  McCain 's mind  could not be higher. And the US populace could not be less prepared for what is increasingly a full-frontal assault on the values that make America  well  America.
 McCain  is trying to wake people up.  He 's like the town crier  going around banging a pot and insisting that if we don't recognize the threat posed by the Trumpism here and its ilk around the world  it may be too late.

Ex Output:
John McCain is trying to wake Republicans up from a Trump trance


Ex Input:
Sue Grafton   author of the best-selling "alphabet series" of mystery novels  has died in Santa Barbara.  She  was 77.
 Grafton  was surrounded by family  including husband Steven Humphrey  when  she  died Thursday after a two-year battle with cancer   her  daughter  Jamie Clark  posted on the author's website.
"Although we knew this was coming  it was unexpected and fast.  She  had been fine up until just a few days ago  and then things moved quickly " the posting said.
Grafton began  her  "alphabet series" in 1982 with "A is for Alibi."  Her  most recent book  "Y is for Yesterday " was published in August.
"Many of you also know that  she  was adamant that  her  books would never be turned into movies or TV shows  and in that same vein   she  would never allow a ghost writer to write in  her  name "  her  daughter wrote. "Because of all of those things  and out of the deep abiding love and respect for our dear sweet Sue  as far as we in the family are concerned  the alphabet now ends at Y."
The fictional heroine of the series  Southern California private detective Kinsey Millhone  was  Grafton 's alter ego  she told The Seattle Times earlier this year.
"I'm an introvert  so doing half of what Kinsey is beyond my poor capabilities "  Grafton  said. "But it's fun to get to live  her  life without penalty."
 Her  husband agreed that  Grafton  was Kinsey.
"Yes  as Sue said  'We're one spirit in two bodies  and  she  got the good one '" Humphrey said.
While  Grafton  aged   her  heroine didn't quite as much.
"So when I started   she  was 32  and I was 42. Now   she  is 39  and I am 77. So there's a little bit of injustice there  but  she  is single "  she  told NPR in an interview earlier this year. " She 's been married twice.  She  has no kids  no pets  no house plants."
 She  said  she  was looking forward to reaching the end of the alphabet with "Z is for Zero."
Lisa Scottoline  author of legal thrillers  tweeted that  she  was sad to hear of  Grafton 's passing.
" She  forged a path for women in crime fiction  and all of us followed and adored  her  "  she  said.
Crime writer Lawrence Block called  Grafton  a wonderful writer "graced with vision and integrity and a generous spirit."
 Grafton  began writing at 18  and completed  her  first novel at 22. "A is for Alibi" was the eighth novel  she  wrote  and the third  she  had published.

Ex Output:

Sue Grafton writer of popular 'alphabet' mysteries dies