35 Burst results for "2.2%"
AP News Radio
Fiery train derailment in Minnesota prompts evacuations
"A train derailment in Minnesota has prompted evacuations. There has been another train derailment this one about 100 miles west of Minneapolis, with a train hauling ethanol and corn syrup, some trains caught fire in the early Thursday morning accident, and nearby residents were ordered to evacuate their homes. The BNSF train derailed in the town of Raymond, according to one official homes in an area a half of my around the site were evacuated and residents were taken to a shelter in a nearby town, BNSF says in a statement that 22 cars derailed with four catching fire, but they added no injuries were reported due to the accident. I'm Shelley Adler
AP News Radio
Embiid, Harden power 76ers past Mavericks, 116-108
"Joel embiid, fueled an 11 two fourth quarter rally to lead the 70s sixers to a one 16 one O 8 win over the Mavericks Dallas led 103 100 when a bit of a three point basket to tie the game at 100. He filed with a jumper, they gave Philadelphia the lead for good and being at a game high 25 points for the sixers who stepped the three game losing streak to IRB's maxi at 22. Look at Dončić had 24 for the Mavericks.
AP News Radio
Pamela Smart’s latest bid for sentence reduction dismissed
"Pamela smart, who's serving life in prison for plotting with her teenage lover to have her husband killed, is denied her latest petition to have her sentence dismissed. It was 1990, smart was 22 when she got up 15 year old student at the school where she worked in New Hampshire to shoot and kill her husband. Smart denied it. Her spokesperson says this ruling by the New Hampshire Supreme Court is a continuing disappointment and that smart is rehabilitated and no danger to society. The state attorney general's office has opposed commutation for smart, saying she has never accepted full responsibility for the crimes. The killer Billy Flynn has been released. The case inspired the Nicole Kidman Joaquin Phoenix film to die for. I'm Julie Walker.
Mike Gallagher Podcast
Hero Police Officers Identified That Killed Nashville Shooter
"Just saw the picture of the pair of Nashville police officers who took out the killer yesterday. The monster who slaughtered these little angels at covenant school. They've been identified as Nashville police officer Michael collazo and officer Rex engelbert. They shot and killed the school shooter when officers arrived, investigators said the killer was shooting at police cars through a window. The two young officers and man are they young. They look like kids. The picture of these two officers, I'd love to know their ages. One of them looks like he's about 22 years old. And yet they heroically went in ran towards the gun fire and shot and killed the monster. Saving who knows how many other lives. And that's how you do it. That's what we need. Imagine what would have happened if there had been an armed, security guard on the campus.
AP News Radio
The latest in sports
"AP sports I'm Dave ferry, is Lamar Jackson on the move, the ravens quarterback says he requested a trade earlier this month. Jackson has received the franchise tag which allows him to negotiate with other teams but gives Baltimore the right to match any offer. The NBA's conference leaders were in action on Monday. Chris Middleton poured in 34 points as the east leading bucks topped the pistons. One 26 one 17. In Denver, Nikola Jokić posted his 29th triple double of the season, amassing 25 points, 17 boards and 12 assists in the nuggets one 16, one 11 win against the 76ers. South Carolina and Virginia tech have advanced to the NCAA women's final four. Aliyah Boston's 22 points and ten rebounds carry the gamecocks past Maryland 86 75. The hokeys were 84 74 winners over Ohio State is Elizabeth kitley furnished 25 points in 12 boards. In men's basketball, Texas promoted Rodney Terry to head coach after he led the longhorns to the elite 8 this month. I'm Dave ferry, AP sports.
AP News Radio
Russia says it test-fired anti-ship missiles in Sea of Japan
"Russia says it is test fired missiles in the sea of Japan. I'm Lisa dwyer. Russia's defense ministry says Moscow has test fired anti ship missiles in the sea of Japan, the ministry says two boats launched a simulated missile attack on a mock enemy warship about 60 miles away, the ministry says the target was successfully hit by two crews missiles, whose NATO reporting name is the SS N 22 sunburn, which is a supersonic anti ship cruise missile that has conventional and nuclear warhead capacity. Russia says the exercise took place in the Peter of the great bay, and the sea of Japan, I'm Lisa dwyer
AP News Radio
Middleton leads short-handed Bucks past decimated Pistons
"The box earned a one 26 one 17 win over the pistons while Yanis had tend to Cooper rested his sore knee. Chris Middleton picked up the offensive slack by scoring 34 points against the team that drafted him. Milwaukee also received 24 points and 14 rebounds from brook Lopez. Bobby portis provided 21 points and 14 boards, and javon Carter scored 22. Detroit didn't go away after falling behind by 15 late in the second quarter. Jayden ivy had 32 points, 8 rebounds and 8 assists, but the pistons still lost for the 17th time in 18 games. I'm Dave ferry
AP News Radio
March Madness: Boston, South Carolina women reach Final Four
"Unbeaten South Carolina advanced to its third straight final four topping Ohio State 86 75 and the NCAA women's basketball elite 8. Leah Boston scored 22 points and ziya cook had 18 to lead her team back from a 6 point first half deficit. I think we just had to start attacking them the same way they were attacking us. Coach kept telling us that we see harder plans. So we got to make sure we're doing the same thing. But they definitely were getting down on downhill on us and we just wanted to make sure we did the same thing may lay ups and just became great defenders. The gamecocks next play Iowa and Friday's national semifinal. Diamond Miller scored 24 for Maryland in the loss. Josh rowntree AP sports.
AP News Radio
Reese, LSU women push past Miami 54-42 to reach Final Four
"LSU advanced to the final four with a 54 42 win over Miami in a defensive minded affair, Alexis Morris, led LSU with 21 points. This moment is literally everything to me. I am the comeback kid. I went through so much adversity, the world count me out media wearing bad posts, portraying this image of me, now I could just, you know, just let it all go. I only got 22 points from Jasmine Roberts LSU one despite shooting 30% from the field, Miami missed all 15 of their three point shots. I'm Mike Reeves.
AP News Radio
Cavaliers clinch playoff spot with 108-91 win over Rockets
"The Cavaliers have wrapped up a playoff birth by knocking off the rockets. One O 8 91. Jared Allen delivered 24 points and 14 rebounds for Cleveland, which is going to the playoffs without LeBron James on its roster for the first time since 1998. Donovan Mitchell added 22 points as the Cavs won for the 9th time in 11 games. They are fourth in the east as they try to lock down home court advantage in the first round. Evan mobley finished with 19 points and Darius Garland 17 for Cleveland, Jalen Greene had 30 points in Houston's 5th straight loss. I'm Dave ferry.
AP News Radio
Creighton ends Princeton's March Madness run with 86-75 win
"San Diego state and creighton will play in the south regional final on Sunday. Top seed Alabama will not after the 5th seated Aztecs knocked off the crimson tide. 71 64. San Diego state held Brandon Miller to 9 points on three of 19 shooting. All while darian tremel was providing 21 points for the Aztecs. I knew what kind of covers they were in as far as ball screens. And that's something I was working on all week. The Blue Jays are in the elite 8 for the first time after beating Cinderella Princeton 86 75. Ryan kalkbrenner scored 22 points of creighton 6th win in 7 games. Baylor shireman made 5 threes and scoring 21 points. I'm Dave fairy.
ToddCast Podcast with Todd Starnes
Caller Unhappy With Dr. Sebastian Gorka's Criticism of Ron DeSantis
"I was hoping to take a minute, maybe 90 seconds and address the top of my Friday, I think. All the people that are just outright attacking Ron DeSantis the past couple of days. And I saw an interview last night. Our newsmax, where the whole interview Brian understand us. And then they brought in a couple of people to respond to runs interview and one of the people with sub gorka. And I'm just on fire after sub gorka said that Seth was all wrapped up about Santa's being silenced for two whole days. After the Trump announcement that he was going to be arrested and then he was mad about sub was mad about Ron DeSantis using the term hush money for a porn star. And he was upset because others were thinking about that's what the case is about. Hush money to a porn stock. But what really got to me was when this was a quote, Ron DeSantis looked into a camera. Point this thing, everyone said, you are a former jag rang, meaning judge efficacy general. Rule of law should matter to you. And I thought I was just, I just went back. For the past year, I'd just like to remind everybody that in April of 2022, Ron DeSantis signed a bill banning CRT from Florida schools from kindergarten to 12th grade. In August of 2022, he formed the election crimes in security office, which has been very successful, but he's looking in the voter fraud. Also in August of 22, Ron DeSantis fired that Soros prosecutor Andrew Warren for not doing his job. I want how many people remember that in September of 2022. We
AP News Radio
The latest in sports
"AP sports and Mike Reeves, there was a ten game slate in the NBA that northwest to visually the nuggets were in Washington to meet the wizards, Craig heist, has the story. Nikola Jokić scored 31 points and pulled down 12 rebounds as the nuggets beat the wizards one 18 to one O four, the nuggets outscored the wizard's 39 to 16 in the third quarter while hitting 15 three pointers on the night. Denver finished up a three and two road trip after surviving a four game losing streak. Jokic thinks they've turned the corner. Have a team, I think. Bedroom, let's say like that. And hopefully it's done for us. And we survived. The warriors win just their 9th road game of the season knocking off Dallas one 27 one 25. Jonathan kamino scores 22 points. John morant returned from his suspension to score 17 points off the bench in the grizzlies one 31 25 win over the rockets while Milwaukee improves on their league best record with a one 30 94 win over San Antonio, Giannis Antetokounmpo led the way with 31 points other winners or the heat pacers 76ers Timberwolves trailblazers and Lakers, Paul George is expected to miss two to three weeks for the clippers with a right knee sprain. Just two games in the NHL, but one had playoff implications for both teams, correspondent Bruce Morton. The penguin snapped a four game losing streak with a resounding 5 to two win at Colorado. Jeff Carter led the way with two goals. That's a big game for us. And standing defending cup champions and team that's been rolling pretty good. So this is a good confidence boost for us and keep going. Carter referenced a 6 game Colorado win streak, which also came to an end. The oilers Connor McDavid nets his 60th goal of the season in overtime to defeat the coyotes in NFL to use the jet signed wide receiver Nicole Hardman to a one year deal according to a person with knowledge of the contract. They also trade wide receiver Elijah Moore to Cleveland for the 42nd pick in this year's draft. I'm Mike Reeves AP sports.
AP News Radio
Warriors top Mavs
"The Mavericks welcome back to Luka Dončić, but fell under 500 with a one 27 one 25 loss to the warriors. Dončić had 30 points and 17 assists after missing 5 straight games with a left thigh strain. Steph Curry delivered 20 points and assisted on draymond green's tiebreaking three point play late in the game. Jonathan comeing scored 22 points on 9 of 11 shooting off the bench for Golden State. For a great team to win, needs him out for he needs to move the ball. Everybody gotta have to fill the ball. And that's pretty much what we came out there and do. And that's what got us this win. Dallas played with that Kyrie Irving and fellow guard Tim Hardaway junior. I'm Dave ferry
AP News Radio
Jimmy Butler scores 35, Heat hold off Knicks 127-120
"The heat improved their shot at a top 6 finish in the east by outlasting the Knicks one 27 one 20. Jimmy Butler had a game high 35 points as Miami pulled within percentage points of the nets for the final guaranteed playoff slot in the east. We kind of have to win to be where we want to be. But I like it like that, you know, playoff game every possession matters. Tyler hero scored 14 of his 22 points in the fourth quarter for the heat, who squandered an 11 point lead in the second half before regaining control with a 16 two run midway through the fourth quarter. I'm Dave ferry.
The Trish Regan Show
The President of the B.P. Council Has Never Seen Anything Like This
"We're talking right now with Brandon Judd, he is the president of the national border patrol council. You can follow him on Twitter, by the way, at BP union. I got to ask you, I think you've been in this position. Well, not this position, but on the border, dealing with this for some 22 years, I think I have that right. Have you ever 25? 25. Forgive me. No worries. Anything like this. No. No, absolutely. In fact, in my worst nightmare, I would have never thought that we would have ever gotten to this point. I would have never thought that administration would allow our borders to become so controlled. When you look at any given time, cartels actually control stretches of our border. They understand how it is that they operate. And when they operate under their parameters, they can control stretches of our border at any given time, and that's very dangerous. And we would have never thought that any administration would have allowed that to happen. No,
AP News Radio
Ullmark's 40 saves carries Bruins past Senators, 2-1
"Down one zero midway through the first, the Boston burns scored two straight goals in the period to come from behind and beat the Ottawa senators two to one for their league leading 54th win. David karate started the scoring for Boston on the power play, and then four minutes later, Jake dubrov added the game winner on an assist from Brian marchand. Linus Olmert made 40 saves for the victory, including 22 in the second period.
The Charlie Kirk Show
Former Legal Adviser to Michael Cohen Discredits Him
"Tucker Carlson's program last evening, I think we have a tape from this. It's pretty amazing. Attorney Costello came out and because of the waving of the attorney client privilege, he was able to discuss freely and opening openly about his relationship with Michael Cohen, how Michael Cohen is materially lying to quote unquote get Trump. It is an interesting question, is Michael Cohen being incentivized to do this as Michael Cohen being paid or threatened to do this. These are legitimate questions, by the way. And also Jim Jordan is asking a very good question, something that I do suspect, which is is there a coordinated effort? Is there a, quote unquote, get Trump war room? We're going to ask that question in just a second because I think that's actually really interesting. Play cut 22. I called him up after I saw Michael Cohen on TV. Stating things that he said he was going to tell the grand jury and had told the grand jury that were contrary to what he told us when we first represented him in April of 2018. So I'm sitting at home watching these lies, and I said, I've got to do something about it. I don't represent Donald Trump, but I do stand for justice. And I think I have a legal obligation to inform both sides. So that's what I did. And so effectively, if you listen to the entire segment, it's a long segment. He went in and he has the emails and the texts and the phone calls, and he has a sworn waving of attorney client privilege, which I don't know why Michael Cohen signed. That's just really bizarre and strange. All over the place. And he went right in and to the grand jury and basically said, you can't trust this guy. You can't build a case on this. So the entire case is basically built on Michael Cohen saying, Donald Trump had an affair allegedly with stormy Daniels and then he wanted to pay hush money payment, which is not illegal, by the way. You might find hush money payment reprehensible. You might not like it. Unfortunately, it's done a lot in politics. It's done a lot in corporate America. I personally don't like it, but it's part of life. And it's not illegal.
Bloomberg Radio New York
"2.2%" Discussed on Bloomberg Radio New York
"The most impactful will be the effect of the Chinese economy in its reopening. Because it looks as if there's going to be a huge wave of consumption. It's we saw this in the rest of the world during lockdowns, people couldn't spend. But we weren't locked down to the degree they were in China. And the desire to get out and spend to travel to purchase is huge. And that's something that we may be underestimating. That's certainly will be a plus for markets will be a plus for consumer discretionary. It will be a plus for travel and transportation. So there are parts of the global economy that could do very well as a result of that. So let me pile on Jim because it's not just the reopening necessarily, but we also see I think early on in the year at least president Xi changing some of the policies, whether it has to do with property, for example, whether it's to do with big tech. Could we have an upside surprise out of China? We could, but I think it would be short lived. We're a little more cautious on the outlook for emerging markets and especially China. Not only the COVID related issue. And there will be a short term bounce undoubtedly from reopening, but they really hurt themselves intermediate and long-term competitively with what they're doing from an intellectual property and a common prosperity standpoint. Dell announced this week that they're looking to move all of their semiconductor purchases out of China by 2024 and 50% of their production. So we worry about that. We worry about the continued concerns in Ukraine with the Russia invasion and what that may mean for commodity prices. And then the final thing that we're worried about from a risk standpoint is just the risk of persistent labor strength, which leads to higher inflation and fed policy, tighter than what the market is currently expecting. Okay, so those are some downside surprises. Can you anticipate any possible upside surprise? Sure, the upside surprise would be that if we actually do avoid a recession and that we see inflation come down, the labor market stays strong enough, but that wages are not as persistent. And we actually get to a lower inflation rate. The break evens right now for a two year treasury tips are at 2.2%. If we actually achieve that that will give the fed some room to pause. And then if we don't go into an earnings recession, the stock market could be definitely better than people expect, the consensus is that it's not going to be a great year. What about the flip side of that? Because some people think that markets may be underestimating the extent to which the fed is going to have to raise and keep it at high levels. And we heard from some fed governors actually this week saying we need to get to like 5.4%, mister kashkari said. It's not just the fed's actions and perhaps it's 5.4 could be could be higher. It could be lower. It's the lag effect that matters. And that's something we take into consideration is we have to anticipate as institutional investors where monetary policy will be going and what the effect will be months, quarters, maybe years after it's implemented. So this has been the one of the sharpest moves upward from zero to our current short rates, and we're going higher as we discussed, so that might be 12, 18 months of continued tightening effect that follows along with that. I don't think the markets are anticipating that certainly not in the U.S.. Sarah, one of the biggest, I think, surprises of last year was geopolitical, particularly with Russia's invasion of Ukraine in the aftermath, the energy crisis that followed. As you look forward, how do you take into account the possibility that geopolitical surprise in 2023? And then by the way, that could be the upside or the downside. Bloomberg radio on demand and in your podcast team. On the latest edition of the Bloomberg surveillance podcast, a conversation on a great challenge report was secretary of labor, Martin Walsh. Well, I hope we continue the steady growth that we're seeing unemployment. I'm going to come down. I think we have room to grow in communities of color, particularly the black community, Latino community, get those numbers down a little bit. We've seen wages are still year over year up 4.1%. We went down about one tenth of a percent. I think we're in a very interesting economic time. And I don't think that a recovery that we used to coming out of a recession or going into a session is compatible to what we're experiencing today. So I hope we can continue to see these job numbers moving forward. We saw good grains and construction hospitality leisure education and health, those areas in the last couple of months. We haven't seen the growth we've seen today. So we just want to see it across the board. I think companies realize it, too, that it's important for us to continue to move our economy forward. They bring people on, and we need to keep bringing inflationary pressures down. It's not just the numbers today. It's the jobs numbers we've seen all week, the job openings numbers still out of the quick rate elevated indicating some confidence. I'm looking at this at the moment secondary whilst then I listen to the tech companies who are making these massive layoffs. How do you distinguish between what's happening there and what you've seen the official data? Well, I think the tech companies are actually looking the way that business models are. They're looking at how inflate the inflation rate impacts their business. And a lot of these folks that are being laid off in the tech industry are finding jobs in areas that quite honestly people are looking for tech experts all across the country. But these tech companies had gobbled up so much talent. Certainly, I would like to see short training in the near future. These tech companies rehiring folks back. We don't want to see any industry in the United States of America going through a process of laying large amounts of people off. We
Bloomberg Radio New York
"2.2%" Discussed on Bloomberg Radio New York
"It's 9 28 a.m. in Hong Kong. I'm Kathleen Hayes. And I'm Brian Curtis, Asian equities opening lower amid a downbeat tone in markets. That's after a slump in American technology stocks and more economic data that seems to validate the case for the fed to keep raising interest rates. We're just seeing some new markets open up and start to trade as it's just around 9 30 and the hang seng index futures that had been down 2.2% now down 1.6% in the cash market is figuring to open about one and a half percent lower. We'll get you more information on markets in a few moments, but for now the top stories. Let's start with FTX. What a story, what a financial melodrama. Maybe I should say crypto melodrama. It's seeking intervention for a fight involving more than $440 million of Robinhood at stake. The shares are tied to Alameda research, Sam beckman fried's crypto trading house. Court papers say crypto leader BlockFi and individual FTX creditor have tried to get their hands on the shares. They've done so via separate court proceedings in New Jersey and Antigua, FTX lawyers said bankman fried had tried to take control of the shares just before his arrest on fraud charges, but the request remains pending. Elon Musk says he does not plan to sell Tesla shares for two years that's according to a Reuters report. He was speaking at a Twitter spaces audio conference earlier. In my vote, if once we are able to properly calibrate the scale of the recession and just make sure it Tesla is healthy and we're not spending cash reserves and putting the company at risk. The comment comes after Musk offloaded about $40 billion worth of shares this year. Much of that was used to fund his purchase of Twitter. His comments sent shares up 3.3% in late trading after the stock had been down almost 9% in the regular session. Moving on to China, Chinese Premier Li keqiang told Hong Kong's leader, the city needs to boost its financial hub status. Here's more from Bloomberg's David and glace. Hong Kong chief executive John Lee made his first trip to Beijing after taking office in July. In his meeting with the premier lika Chang urged Hong Kong to further integrate with the mainland's development plans. The chief executive is expected to meet Chinese president Xi Jinping on Friday afternoon that's local time, and he's expected to deliver his reports on Hong Kong's COVID controls and economic situation. David inglis, Bloomberg, Asia. ByteDance has confirmed a breach of some U.S. TikTok user data. An internal investigation showed that ByteDance employees inappropriately access data of users, including that of two journalists. This comes after months of scrutiny from U.S. lawmakers who claim the app is not secure. Last week, U.S. senators from both parties pressed for more action by the Biden administration to address some of these security concerns. The Senate has since voted to ban the viral video app on U.S. government phones and on other devices as well. To global
Bloomberg Radio New York
"2.2%" Discussed on Bloomberg Radio New York
"Stronger economic data in the United States led to some selling of equities in some of the major benchmarks, the S&P down one and a half percent, the NASDAQ down 2.2%, the Dow Jones Industrial Average down 1%. We see similar losses in Asia every sector is down in Japan in the nikkei it's trading down 1.3% and every sector except sorry banks and utilities. And in Australia in Sydney, every sector down, the main index there down a little more than 1%. And just looking around some of the other key markets that cost be trading off 1.8%, the Thai X down 1.4% of the straight times index down 14 points, little under a half of 1%. The Bloomberg dollar spot index is a little higher. Dollar yen one 32 60, that's a little bit of weakness in the yen. Japan's inflation further accelerated to the fastest pace that we've seen since 1981, consumer prices excluding fresh food rose 3.7% in November from a year ago, and that was matched that did match an estimate by economists. And what a lot of this is leading to a faster pace of inflation is fueling some speculation that the BOJ is nearer than ever to a policy pivot. Let's take a closer look at Bitcoin trading at 16,787 gold at 1800 right on the button. And that's a check of markets. Let's get headline news with Ed Baxter in San Francisco. Right, thank you very much, Brian, now the Senate has easily passed. The more than $1.7 trillion government
Bloomberg Radio New York
"2.2%" Discussed on Bloomberg Radio New York
", spot gold up 2.2% right now, the precious metal, 17, 12, the ounce wall west, Texas enemy accrued is down two and a half percent, 89, 44, a barrel. Stocks rallying as risk sediment picks up with investors eyeing prospects for gridlock from midterm elections. Lots of earnings after the close of trading today among some of the names we're looking for, The Walt Disney Company, News Corp., IAC entertainment, and akamai. I'm Charlie Palatin, that is a Bloomberg business flash. All right, Charlie. Thanks so much. We appreciate that. Boy, if you like politics and the whole political game today is a day for you. Midterm elections, a lot of big key states has some very tight races balance of power in Congress hangs in the balance here, so a lot to really deal with today, tomorrow and then probably for a few days after that. So that's why we are fortunate to have Joe Matthew with this trip Matthew as a host of Bloomberg sound on. You can hear that weekdays at 5 p.m. Wall Street time on Bloomberg radio. He joins us from the 99 one studio in Washington, D.C.. So Joe, what's the race that you're really focusing on? I know there's a lot of key ones out there and you can get pretty granular. What's the one you're really focused on? Well, you know, it's probably Georgia if I had to pick only because of the prospect of a runoff. People talk about this red mirage that, you know, we'll see early indications that Republicans have won because of actual voting today, then they start counting early ballots, it'll start taking another look with Democrats added to the mix, at least that's the theory, and maybe you get a call tomorrow or in the next couple of days. Georgia could be a month. This is so close within a percentage point between senator Raphael Warnock and Herschel Walker that it may well trigger a runoff and it's already scheduled. It's basically a month from today if they each fall below 50%. And that is entirely possible. Unless one of these candidates gets more than 50%, this goes to a runoff. That means because of all the other tight races, we may not know which party controls the Senate for a month, and you've got Donald Trump out there posting on social media today about allegations of voting machines not working and why it's going to take so long, for instance, a state like Pennsylvania to call a race. This could bring a lot of confusion to the conversation politically nationally and a lot of uncertainty about who controls Washington. Joe Matthew, welcome to the new normal when it comes to U.S. elections. But having said that, what things were done in advance, especially considering the last presidential election and the questioning about the legitimacy of an election outcome, what has been done to kind of prevent that from happening again. Just a lot of warnings, really even President Biden was saying it at a campaign rally over the weekend that it could be days, maybe weeks before we know the outcome of all these races. And it really, it's striking because of how many toss ups there are. You know, in the house, the cook political report has 36 toss up races. We've got four at least in the Senate, some would call it 8 depending on how you look at this. This country is divided right down the middle and we've got a 50 50 split in the Senate. Just reminding us that there are in fact two Americas when it comes to politics and that's a big reason why it's going to take us a while to find out who won a lot of these contests. All right, so they're close race, but how much of it to Joe has to do with early voting, right? And counting those votes. How much is it just logistical way our elections are increasingly being done? Yeah, and that's why I referenced that red mirage. You've got more than 40 million people. Imagine who voted early. That's we've never seen that in a midterm. That's more than we had in 2018. And some states like the aforementioned Pennsylvania, they don't start counting those until today. So, you know, when the polls close at 8 o'clock in a state like Pennsylvania, they start counting the people first who voted on this election day. And then they start moving to those early ballots. And that's why Carol, this could take not only hours, but possibly days with some of these races that are that close because it could require counting all of them. You know, typically you hear projections that you're watching election coverage and they say The Associated Press is prepared to call a race. That's based on a projection. If that doesn't mean all the votes have been counted. And this is one of those elections where we really may need to count far more votes than usual to find out the winner. So Joe heading out west to Nevada. I understand that's also a competitive state up there. Oh, for sure. That's the Senate race that we'll be watching very closely Catherine Cortez masto, the democratic incumbent, is considered one of, if not the most vulnerable, Democrat in the Senate. And look, this is another one that could go late into the evening, the polls close in Nevada pretty late, and what we could wake up tomorrow morning without knowing exactly who won. Nevada is an interesting one though. You've got a lot of money coming in from out of the state and in a very close contest with Adam laxalt, the Republican who is running to unseat a senator of master with the support of Donald Trump. And that's one thing we haven't explored too much here in this conversation, but the Trump effect is very real with almost 300 so called election deniers on the ballot. Tonight. Right. And you know, we often talk the headline elections, right? You know, top of the ballot, if you will. But I think about the state attorney generals, I mean, these are all crucial maybe for especially when it comes to the presidential elections in two years. It's really important that you're going there and I would urge you to look at these races tomorrow in the days ahead Carol. When you look at a state like Arizona, where you've got the potential Secretary of State and a potential attorney general with a governor, all of whom refused to accept the results of the 2020 election, all of whom have been endorsed by Donald Trump. The idea here is not only could it make a little bit of a concern in the 2022 midterms, but this is the foundation that's being built for the 24 election. These would be the people in charge of election architecture, potentially for the reelection of Donald Trump. And while he hasn't announced yet, that's widely expected that he will. No. So Joe, what is the feeling in D.C. about what we should take away from these midterms as we think about 2024? Well, look, this is kind of a proxy. It's almost a preview, right? We've got Joe Biden on one side, saying democracy is on the ballot and Donald Trump, on the other side, who seems to still think although who knows what he actually thinks that he won the 20 election. And you've got, look, governor Ron DeSantis is going to be reelected. It looks handily this evening. So it's going to give us some indications about 24 also in terms of what issues resonated. Remember a couple of months ago it was all about roe V wade. It was all about mobilizing Democrats following the Supreme Court ruling. Not a lot of people are talking about that at this point with at least in comparison to things like inflation, the economy and the other drivers crime has been such a big one where you guys are in New York. Those will likely be a lot of the same issues we're dealing with in the 2024 election at a recession
Bloomberg Radio New York
"2.2%" Discussed on Bloomberg Radio New York
"Her colleagues are expecting. The rate or yield I should say on the two year now is four 16 we're up about three and a half basis points. S&P 500 down 2.2%, the Dow dropping one and a half percent and the NASDAQ comp weaker by about 3%. We have shares in meta platforms being heavily traded. Stock is off nearly 3.8% right now after meta announced a hiring freeze, the company has warned employees of a restructuring aimed at cutting cost and shifting priorities and Apple shares down more than 5%. This is after Bank of America today warned of weak consumer demand. I'm Doug prisoner that's your Bloomberg business flash. Thanks so much for that update Doug prisoner really do appreciate it. It is three 49 on Wall Street. The following is an editorial from Bloomberg opinion. This editorial was written by the Bloomberg editorial board, treasury securities play a crucial role in global finance, so it's troubling that the treasury market has faltered several times over the past decade. The markets challenges stem from a fundamental imbalance, as deficit spending has driven up the U.S. government's debt. The value of publicly traded treasuries has ballooned far outpacing the financial resources of the large dealer banks that are supposed to facilitate orderly trade in this market as a result, the dealers are occasionally unable or unwilling to handle the volume of trades that investors want to make. Given that U.S. government debt isn't likely to shrink anytime soon, the best solution is to get more institutions involved. That would relieve pressure on dealers balance sheets, as of now, most people have no reason to worry about the treasury market. Let's keep it that way. This editorial was written by the Bloomberg editorial board for more Bloomberg opinion. Please go to Bloomberg dot com slash opinion or OPI N go on the Bloomberg terminal. These has been Bloomberg opinion
Bloomberg Radio New York
"2.2%" Discussed on Bloomberg Radio New York
"Radio dot com and via the Bloomberg business app. 9 in the morning in Hong Kong were an hour away from the China data equities will begin trading in the mainland and in Hong Kong at the bottom of the hour. If you're joining from the region, good morning, I'm Doug Krishna at the Bloomberg interactive broker studio in New York. And I'm Juliette Sully in Singapore markets coming online this hour. Let's get all the latest with Bloomberg's friend Kurt has seen Hong Kong Brian. We've had a little bounce in equities across the region, but I guess the emphasis should be on little right now the MSCI Asia Pacific index is up four tenths of 1%. Fairly solid gains in Tokyo where the nikkei is up about 8 tenths of a percent, 222 points. Japan's economy did recover to its pre-pandemic size in the second quarter. Consumer spending picked up following the end of some of the curbs that COVID curbs in the country. GDP grew at an annualized pace of 2.2% in the second quarter. It was below the median estimate of 2.6%, but it enabled the economy to grow to above where it was at the end of 2019 and also the first quarter GDP was revised to an expansion from a prior contraction. Other markets, as Jules mentioned, were getting the opening here and the tye X in Taiwan is up about a half of 1%. China futures are trading in Singapore. They're down about four tenths of a percent and the straights times index in Singapore has moved just a little to the downside down about it. One tenth of a percent. And we've been pretty solid in Sydney this morning with gains of about half a percent. A lot of data coming in China that could change the mix. And we've got earnings coming up this week. And we'll also be looking at just a lot of other info coming in the fed minutes and such. So keep a close eye on that. Bitcoin hanging in there with a gain over 24,000 gold now, $1815 and 80 cents a Troy ounce. Doug to you. All right, Brian, thanks. Well, as you mentioned, in less than an hour we'll get the Chinese data on things like industrial output and retail sales, fixed asset investment will also be a part of it as well as home prices and perhaps some clues on the direction of policy in the China for the remainder of the year. Here is Bloomberg's Russian chin with the preview. China will likely report a further recovery in its economy in July, retail sales probably grew 5% from a year ago, up from 3.1% in June. That's according to the median estimate in a Bloomberg survey of economists, with business and consumer activity gradually picking up with the relaxation of COVID restrictions. Meantime, the recovery momentum in the industrial sector likely stayed intact. Industrial output is estimated to have grown about 4.4% in July, up from 3.9% to the previous month. Still, July's rebound could be short lived with COVID outbreaks in popular tourism destinations. Authorities recently shut down parts of Tibet's capital and left thousands of tourists stuck on the tropical island of hainan to contain infections. The Chinese government will publish data at 10 a.m. Beijing time. In Hong Kong, I'm Rosalind Chen, Bloomberg daybreak, Asia. Well, Saudi Aramco has posted the biggest quarterly adjusted profit of any listed company globally. The state controlled oil producer set up posted about $48 billion in profit, and that is up from about 26 billion a year earlier. Aramco has benefited from high crude prices in production since Russia's invasion of Ukraine. Now the company is using its profit to reduce debt and invest in a huge expansion of its production capacity. Aramco said it expects demand for its oil and chemicals to remain high for the rest of the decade. We are at 5 minutes past the hour or nearly time for an update on global news. Well, another congressional delegation is in Taiwan with the story at Baxter and the Bloomberg newsroom in San Francisco Ed. Yeah, this one led by senator Ed Markey Doug for a two day visit issues bilateral relations regional security
Bloomberg Radio New York
"2.2%" Discussed on Bloomberg Radio New York
"Is Bloomberg Welcome to Bloomberg opinion I'm Bonnie Quinn This week The median projection is 5.2% this year and falls to 2.6% next year and 2.2% in 2024 Fed Jerry J Powell on inflation forecasts after the FOMC decided on the biggest interest rate increase 75 basis points in 27 years John also is near case R and Jonathan Levin discuss Later one in 5 Americans suffer from some form of long COVID Lisa Jarvis on persistent and widespread COVID-19 Let's get straight to the fed now with John others and near case are So we had the Federal Reserve meeting we had the decision we had the news conference We learned a lot but also a lot of this was priced in We effectively got this on Monday Is that too harsh No I'm inclined to say that the fed probably handled an impossible situation about as well as it could be handled in terms of having a blackout but obviously needing to make some kind of a response to really seriously bad numbers that came out And I think the way they did that which J pal didn't really deny was by guiding the press through what was likely to happen And the market of course priced it all in Yes Near the fed chair obviously said that the University of Michigan preliminary figures were huge motivating factor here He said he's not going to see this too often from now on Is that fantasy Will we see numbers like this You know I wish we knew because it would make his job a lot easier But I think that you know as you say as John has mentioned the bigger news from all this is how much power was committed to fighting this They added a statement in the release that says that they're strongly committed to returning inflation to their 2% target he reinforced that message in the presser and all this is really important because he of course is trying to get the market to self correct as it were which they had done some of the work for him before today The question was once these prints became really ugly were they really going to act And I think they did their best both indeed and and work to reassure the market that they're going to fight this all the way I think that's right It was as though J pal had a binky of the word commitment I think he came back to saying they were committed to fighting inflation More or less every question he took in the press conference There were some very unusual things about this particular press conference though for example the idea that headline inflation is almost becoming more important at the moment than the PCE deflator Is there any usefulness to the PCE deflator these days There's a lot of use if you're a central banker a politician quite reasonably cares most about the headline because the headline is what actually hurts people You're calling Jay Powell a politician There are lots of fascinating issues about exactly how politically independent Central Bank needs to be but he's obviously under pressure as he should be because we do want some degree of democratic accountability even if we also wanted to dependence He's obviously under a lot of pressure to deal with inflation at this point because it's so intense Well and his excuse is and I'm quoting forces are different inflation is behaving differently the pandemic is over though and the war in Ukraine is a long-term event so figure that out Well I think this has gone on longer than anyone wants And so obviously we can no longer call it transitory in any way But I think there's another reason to worry about the headline inflation which is that some of this is based on expectations and the headline inflation is what people are really feeling and to the extent that people are really feeling the brunt of the headline inflation number and that is affecting their behavior and their expectations Then that's a problem for the fed So I think they're in this moment where in a theoretical sense they'd like to focus on the PCE but as a practical matter they had their choice That's a great way of putting it If you look at the retail sales numbers for this month basically at a certain point headline inflation becomes deflationary in terms of economic growth And it's an empirical matter exactly where that comes but it seems to have come Last month there were fewer retail sales than the month before presumably because higher gas prices and so on were acting like attacks So there is a point which has been reached where the dual mandate goes by the board You just have to get inflation down for the sake of both parts of the mandate inflation and unemployment Well and I'm quoting again now he actually said during the news conference it would be hard to watch anything more closely than we're watching consumer spending and it sounds like he's watching consumer spending headline inflation forces outside of his control I mean he's got a terribly difficult job and they're kind of hoping that unemployment goes up for good reasons and that that means that we avoid a recession What are the odds now that we avoid at least a deep recession I mean they're looking sliver and slimmer all the time You know I was just looking at that GDP now that the Atlanta fed publishing there Their most recent forecast is zero real growth for the current quarter So it's looking like if we're not already in recession we're on the precipice Yeah Yeah that's the depressing It's not good No One of the things that forecasters have been saying is get out of risk assets Let me talk about this a little bit last week John about how companies are going to see default rates going up it's going to be more difficult for them to roll over dead At the same time we've seen a massive sell off We're in a bear market for many of the indices If we're already in a recession how much worse can it get Well the key question is profits We've seen a very big reduction in valuations in PEs partly reversing a massive expansion in valuations in the immediate aftermath of the pandemic and the money to tie this through it We haven't so far seen any real adjustment to what the E is likely to be the E and P E Estimates for this full year are still something like 3% higher than they were at the beginning of January despite all that's happened since January Exclude energy and it's still flat Usually earnings expectations fall during a normal year The fact that you haven't seen earnings expectations begin to decline in any meaningful way is the reason I would still be quite nervous about this market It's all about expectations from the fed to earnings near are you getting out of all risk assets No no definitely not In out market timing is you're never going to be able to call the stocks at the bottom If you try it you're going to lose Having said that I mean I think it's useful to have some expectation about what's coming I mean I think the best thing we can say is expected returns for equities have to be higher today than they were before this whole that started So far this to me looks like a quite orderly repricing And the prices in the U.S. were too high I think that was generally acknowledged They needed to come down You never know what the catalyst for that is going to be Do they deserve to come down a bit further I think probably certainly they're well higher than the bottoms of previous sell off So there's a lot more room to go If the market wants to go there the problem is you just don't know in advance whether that's going to happen I.
Bloomberg Radio New York
"2.2%" Discussed on Bloomberg Radio New York
"Stocks are extending declines as investors assess the growth outlook as monetary policy Titans and the impact of higher prices on earnings The dollar and treasury has gained him at a pickup in haven bids The S&P has fallen over 3% as all 11 main industry groups declined target tumbled more than 25% after trimming its profit forecast due to a surge in costs shares of retailers from Walmart to Macy's also are sliding The NASDAQ fell the most among major benchmarks as growth related stocks sank mega cap Apple Microsoft and Amazon.com Fell more than 3% In fact the apple now is down 4.3% at one 42 83 per share Let's take a look at the S&P is down just about 3% down a 120 The Dow is down two and a half percent down 806 off earlier lows and the NASDAQ is down three and a half percent down 425 The ten years up 20 30 seconds the yield is 2.9% The West Texas intermediate crude is down 2.2% at a $109 95 cents per barrel Comex gold is down while it's little change now at 1818 80 per ounce The dollar yen is at one 28 27 the Euro a dollar four 96 in the British pound the dollar 23 88 Target as we indicated earlier is on pace for its worst stock drops since 1980 7s black Monday crash after becoming the second big retailer in two days to trim its profit forecast A surge in costs during the first quarter shows a little sign of easy according to chief executive officer Brian Cornell operating profit will amount to only about 6% of sales this year Two percentage points below the previous forecast according to target That's a Bloomberg business flash I'm Greg Jarrett And I want to thank some other individuals who are in actually unbelievably close friends made a big difference in my life I'll always be there at every moment Let's start with 45 president Trump President Trump after he endorsed me continued to lean into this race in Pennsylvania He knows all the subtleties of it That was something we know well that's memo to eyes the Doctor Who's been on television daytime for some time thinking president Trump but that was not a victory speech because it ain't over yet All eyes were on the Pennsylvania state primaries yesterday and.
WTOP
"2.2%" Discussed on WTOP
"In the large balls of shampoo conditioner things like that Food items the set off the alarms We have to go through a hand search of the bags That takes time Passengers are reminded that kids under 12 do not need to remove their shoes and seniors who have trouble standing in the queue can request a wheelchair And W CBS radios Marla diamond The TSA says that roughly 2.2 million people were screened at airport security checkpoints nationwide already on Friday That's the highest number since the start of the pandemic What's the weather look like for the holiday Here's CBS News meteorologist Jeff Burrell Really the only problem Maybe a little bit of rain in the south on Thanksgiving Day That's not a big issue And then the storm parade continues as we head into the Pacific Northwest But overall you know what We need good news and we're gonna get it weather wise in the upcoming week The CDC is now given the green light for anyone over 18 to get a booster shot if they want one That means millions of Americans are now eligible for a third shot of Pfizer or Moderna if it's been 6 months since their last dose Today another grim milestone for the pandemic the number of U.S. COVID deaths in 2021 has shot past that of 2020 This is CBS News It's Dell Technologies biggest business sale of the year with Black Friday deals on Windows 11 PCs called 8 7 7 Dell Technologies recommends Windows 11 pro for business It's 6 O three it's Saturday the 20th day of November 34° outside headed down to the 20s again tonight And good Saturday evening I'm Dell Walters the top local stories we're following for you with the sour vaccinated or not put your mass back on all of it beginning at midnight that indoor mass mandate back in effect in Montgomery county Over the past week COVID cases continued to increase throughout Montgomery county In Montgomery county executive Mark elric says a week of transmission rates deemed substantial have triggered metrics that bring back the county's indoor mask mandate This means that wearing masks will be required in all indoor public facilities in the county Elridge released a recorded statement on the return of the mandate noting that he had already seen people voluntarily wearing masks again and doesn't expect a difficult transition That is one of the reasons we continue to have one of the best and safest numbers among the large jurisdictions in the nation in terms of our COVID rates John Doe and WTO P news But it's a different story in D.C..
KLIF 570 AM
"2.2%" Discussed on KLIF 570 AM
"And so this is a good example of that. Now the charts and graphs that go with this week's program, Alex, I want to skip and answer the question. Not a recession. Well, that's an implied question. Why is it not a recession and I have it right here? Okay. Okay. What are we looking at? Okay, so this is jobs. We covered this last week, but it's more important because I have another graph to go with it. If you go to net worth radio dot com, you can see the charts and graphs. Let's look at this. Nearly 11 million jobs are available. How many people are unemployed. 8,000,008 point 7,000,008 0.0.7 million There's 2.2 million more jobs than unemployed people. Is that normal? Yes, that's normal. That was true in 2018 2019. That's right, right? It was actually less than that. But At the peak. How many people were unemployed 23.1 million? Yes. Last year Last we forget, who said it would be the fastest recovery in history. Aberdeen, Bob Dean said it Then Goldman Sachs. Stole it and sell it. They said it. Yeah. Goldman Sachs said it too. And That says Okay, That's not a recession. That is a healthy economy like 2018 2019. We're back to healthy. Six million more jobs to be filled 11 million jobs out there, and that's when the Fed Will begin to raise the cash rates, which could be as long as five years or so. It could be a while could be a while with zero interest rates, which leads to the inflation subject, which Papa Dean is going to cover. Excellent that's coming up. Yeah, We're going to get some wisdom on that because he lived through the seventies with the Camaro and a bad leisure suit and some sideburns just saying all right, David For the time, I'm sure as long as we're on the charts, which are posted in network radio dot com get there. And get the intelligence Also go to YouTube and type in MacGowan Group or go to apple podcast and just type in Net worth radio. Okay, So s and P 500 Index wow. 19.75% year to date, too big year. Are we due for a pullback? It's been like five years of rally, even with the pandemic. I would. I would think you'd have a pullback kind of safety. It's kind of a normal reaction and overpricing and the Dow's down over 3% from its recent peak in August. But sporting of 15% gain for the year. Healthcare sector pulling ahead Of the Dow Up 17.73% total year. Return your today, Okay, then that leads to What is the highest Increase in an index so far this year. What's the pipelines? They're up 36% so far this year. It's a pretty good year Natural gas of 125% so far this year. And the shortage case case case. Is in my most recent update here. Yeah, the two hurricanes. Across the gulf have reduced the stockpiles of crude now down from 5 40 billion barrels to 417. Yep. That's a huge decrease. And it plummeted this week. So thanks to Stephen Norris. We know that and natural gas storage is probably 35% below. Where it normally is this year, going into winter, and we have a headline that relates to that. Now. Headline round up. What do you got? Consumer inflation 5.3%. That's where we've got the pop Adina interview coming up this next one is the funniest op ed I've read in The Wall Street Journal Wall Street Journal is usually not funny. Okay, It's usually intelligent. It's usually intelligent, but give us give us the headlines. Stock market fails A Breathalyzer Andy Kessler, He is so funny. Yeah. So he's talking about these these companies and what the market valuations are forum. Um And if you look at just this one Joby Aviation, which is going to begin an electric car, taxi service or electric air taxi services in 2024 by the ways to in 24, so they don't They don't really have any revenue for three years, right? It's worth more than lives. Left. Answer. EasyJet or JetBlue? JetBlue. Okay, that's worth more than all those beyond meat. Um, maybe beyond me, P protein is worth more than the entire market for peace eating globally. Really? Yeah. And well, they've got a good product. Okay? I'm just saying, if you put a lot of spice on it, that's okay. And so I can go on used car sales platform caravan. Is now this is used car sales platform worth more than Volvo, Honda Ford. Or Honda. Airbnb is worth more than Marriott and Hilton combined Coin base is worth more than the NASDAQ. What? Yeah. Coin base is worth more than the whole NASDAQ NASDAQ Exchange Exchange. Yeah, they're worth more than the exchange. So they're saying the Crypto exchange will be worth more than hold NASDAQ Wow. Okay, That's it. That's pretty bold. And then you get into some of the craziest things we've seen all year. Okay? Gamestop, Right from grav into 400 that shout out to Gamestop. You've got a 976% gain for the year. Yeah, maybe a lactic. Yeah. Virgin Galactic. My favorite dog coin? Yes. What about Dutch Queen went from a penny to 75 cents back down to 26 cents. Okay? Yeah, AMC. I did actually go see a movie recently. It was not at an AMC. But Was a good movie was there was the pop patrol. Pop patrol. Yeah, Yeah, Wilson. You took Wilson and Wilder. Yeah, They loved it. Popcorn there in their popcorn, kicking their feet on those little seats. Okay. Got it. Got it Got good big seats now they got they sat in the big seats, okay? Um, I've got one here. I'll save it for the break. Okay? Because we're going to continue to cover the question that we promised to cover and that is wild Speculation. Wild speculations. Crazy, crazy wild speculations that's coming up. Go.
Biz Talk Radio
"2.2%" Discussed on Biz Talk Radio
"Most mostly when I talked with boomers, you know, friends and family, they just look at me like that's a scam. Can I buy anything in the store with it? I don't understand. It's on the Internet. Sounds like a scam, right? But that's exactly what I hear all the time when I'm trying to talk boomers into our tell boomers about Mitt Coin don't want to say talk rumors into it, because that's not my goal. But yeah, Bitcoin. I think the older you are the harder it is for people to wrap their mind around the whole concept of Of money are Internet money, or is my wife calls it magical Internet money? It's just hard for me to wrap their mind around that. What do you think? The reason is because we're so older. Yeah, I think you know if you grew up in an era where there was Let's say, like, you know what computers were cradling in your life and the mid nineties, right? So you would have been in your forties ish. Uh, it's really hard to come to grips with something that just lives natively on distributed Internet servers, basically right. So I think that's the big disconnect, and it's a lot of it is an age thing. It's much easier for Gen. Z and millennials to Intuit Bitcoin because we've grown up on the Internet and so to us. You know, things that live on the Internet are real things. They're not fake. Just like you know, I was talking to someone yesterday about, uh, e games. And they were saying, I don't understand how these kids would pay money to watch people play video games. They just couldn't conceive that. So there's a lot of things besides Bitcoin. That boomers just have a hard time understanding that younger generations take for granted and really don't see how they don't understand it, And I think that's another example. And that's a booming business. I mean, that's a huge business. Well, it's also you know, people, boomers have the problem that everybody has right which is like None of us understand money. We'd be lying if we said we did. I mean, we spend our whole lives in pursuit of this, You know, piece of paper in order to get the bigger house of the better car or whatever it is, And we don't really ever ask ourselves like what? What is money? How is it constructed? We just take it as a given. It's just you know the government. This dollar is worth a dollar because the government says it's worth a dollar, right. And when you were a kid, you know the money was back to gold. And then in 1971 Nixon closes the gold window, and suddenly the money is totally untethered. And so we're just surviving on the fumes of the gold standard now, and I think I wish more people understood the Bitcoins, actually not that progressive of the technology. It's more of a regressive technology because it restores what we used to have. And it institutes a new digital gold standard. Meaning you know your money is actually scares, so it's actually worth something. Somebody is willing to give you something, because scarcity is the bedrock of all, you know, value, right, Whereas if you look at the actions of the Fed what the Fed has done recently during this economic crisis and this pandemic, you know, sending stimulus checks that every Americans and they're talking about sending another round of stimulus checks. Every Americans. I think most people just don't ask themselves. Where does that money come from? Just where does it come from? They printed out of thin air. And when they do that it devalues all of our savings right. This is why it's becoming harder and harder to get ahead in America. It's why wealth inequality is growing like crazy like, for instance, the difference between your generation and my generation Is when you were at my age, your generation known 21% of the global occur that the American economy my generation owns 2.2%. We're 10 times poorer than our parents were. And that's sort of fundamentally against the laws of nature, right? Like you want to do more for your Children. You want to leave more for your Children then you had for you and I do know that individual baby boomers obviously have done that and are doing that. But in aggregate that has not happened, And so when you see the rioting in the streets, you know the social unrest, everything that's going on right now. This is all the response to the money being fundamentally broken. And people need to wake up to that fact. Well, I think you made several good points there. First of all people, including myself. I had no concept of what money was. I mean, I really didn't know what money was. I thought I knew what money was. But like you said, it's a piece of paper. All I really knew until actually until I read the Bitcoin standard from safe Adina Moose. Which I recommend to anyone. If they want to find out what money is that really goes into it from the time of seashells till now, So you need to know what money is. If you're going to try to understand what Bitcoin is, I think in our reality But you know your your other points you made. I know it at another point, but your other point you made about the amount of wealth. That one generation has compared to the other generation is a huge, huge deal, and I think that's partly one of the reasons we see what's happening in society today. As people are fed up with it, and I know I know a lot of people in the big The big meme is, you know the boomers screwed everything up..
KLIF 570 AM
"2.2%" Discussed on KLIF 570 AM
"Free adjustable base with your 6 99 mattress purchase from a K L I. F Soda Weight Lost news desk. This is real news and information. 5 70 k l I. A cloudy outside 70 degrees With 5. 70 K l I f news and information I'm Chad Dixon for worth. Police are investigating a triple shooting at an apartment complex in west for worth overnight. This is Fort Worth PD spokesman officer Buddy called Zadeh. About 12:15 A.m. R officers were dispatched to the 2900 block of Jonah Drive. When our officers got on scene. They did confirm that there were three fatalities inside this location early on in the investigation, understand that, but it does appear to be domestic related. Meantime, Mike Forbis from our media partner, wf reported the two witnesses say that two Children exited the apartment after hearing seven or eight gunshots. New Census Bureau figures show a major jump and population for Fort Worth between 2019 and 2020. The data released May 27th shows the population of Fort Worth went up 2.1% during that one year period compared with other major U. S. Cities. Fort Worth ranked second for population growth with just under 928,000 people, according to Fort Worth culture map dot com. On Lee Seattle had a bigger population jump during the same time frame with an increase of 2.2%. The larger city means more complex issues dealing with infrastructure and policing, which has been a hot topic among the candidates running for mayor. Mickey Briggs. Kaylie F News news information time is 204. Let's get a look at right now. Traffic Now It's gonna look in your 5 70 Kayla. Half news and information forecast cloudy skies are us the afternoon. Today's in Dallas eastbound 6 35 T II Boulevard have an accident blocking the right lanes. This has traffic jammed all the way from Preston Road. Also seeing a slowdown heading north bound on 75 Central Expressway on the ramp to westbound 6 35. Don't have this wreck in Denton County involving an 18 wheeler north bound I 35 w just before FM 24 49 Vintage Boulevard on Lee. The left Lane is open. It's about a 20 minute delay from FM 407. With Kay Goliath right now. Traffic I'm Dave Allen. Now let's get a look in your 5 70 Kale I, After news and information forecast cloudy skies the rest of the afternoon. Today's high 78 tomorrow Mostly sunny with high of 79. Same goes for Thursday. Mostly sunny highs. 83 right now. 78 DFW Airport. Your next update with Fox News and 30 minutes. Breaking news. 24 7 a Kayla After calm. I'm Jed Dixon on real news and information. 5 70 Kala. Courageous is a word that describes America's veterans. Sadly,.
The Dan Bongino Show
"2.2%" Discussed on The Dan Bongino Show
"This is widmer but this is the time of the year that snowbirds come home from florida where people are going on spring break and all of these things can continue to spread. That's why we're imploring people to take this seriously mask up and get tested. She said ladies and gentlemen is this for real. Is this for real. I wanna like eat. The microphone writer is this for real. You're you believe what you why this is why you don't know anything. This is infuriating by blood pressure. Right now it's through the roof. A heart attack on the air is going to be a arctic aneurysm. Any moment now. Why do you believe these idiots back seymour. De-fund the police. Can i get police to go to minneapolis. You just said the fund the police. You buffoon whitmer note. You dare travel to florida. Matter of fact florida all you horrible. Floridians are traveling and michigan causing a massive outbreak. Where's gretchen richer graduated. Oh she's in. Florida she just said not to go to florida and if you're a liberal which means you're a moron in many cases you're reading this then you're being harsh and liberals i don't care maybe by show is not for you anymore. I'm done with the bull. I'm sorry you fill in the. I'm done with it. I'm not talking and trying to convince liberals anymore. They're morons same democrats who want a better country. Please listen away. I'm not trying to convince these morons anymore. They don't know anything. My great governor michigan told us not to travel to florida. She's in florida you moron. I love maxine waters. She said the fund the police. She asked for a police detail. Are you this stupid all the time or do you reserve special degrees of stupid for tuesday morning. There's a murderous rampage january six. They bludgeoned that officer death. That actually didn't happen. Do you read. You're a racist suggesting covid leaked from a lab really because there's actual evidence that may have happened years zina phob. You just don't like communists are you of this. Earth seriously trump colluded with russia. You just made that up plaque. Better shot by police. More of them shot by police in car accidents. It's not even close. You have a forty percent chance of dying from corona virus. You're not even in the ballpark. You don't know anything you don't know anything and it's the baghdad bob of the world that let this crap. Continue the baghdad bob media. That doesn't call these people out that lets this nonsense continue. It's really incredible. All right i want to get to a couple of things next round the sant strikes again. Some good news. Lower my blood pressure ten points and the liberal war on language continues. And i'll tell you why they do this some of you. The listeners know so you get the cheap. it's important. The liberals euphemisms and language games for a reason. It may not be what you think. Today's show brought to you by bollandbranch..
Bloomberg Radio New York
"2.2%" Discussed on Bloomberg Radio New York
"Accounts A drop of 2.2% silver down today by 2%. West Texas Intermediate crude 56 31 a barrel up 1.1%. I'm Charlie Pellet. That is a Bloomberg business Flash. All right, Charlie. Thank you so much really appreciate it when I get back to Mandy Price CEO and co founder of Canaries, a platform That she has created, and she's still with us on the phone in Dallas, Texas. So Mandy, I kind of asked you a loaded question and a big question that as you said, we could probably talk for hours about it in terms of how do we really get to changes when it comes to D'Anna on equities within the workplace? And you said you had some some points that you wanted to make. So let me let me toss it back to you. Yeah. So some of the things we do when we're working with our clients, right? Because what you had on the exactly the problem that a lot of organizations and leaders have, which is where do we even start? Right? How do we even start thinking about this? On the systems and organizational perspective, and some of the things we do is help them with that diagnosis, But we're looking at things like when we when we look at your pay practices. Are you basing paid the month's salary? Are you looking at partner salary history to determine their current salary, Or are you looking at just the job and and experience required for the job? Because we know that these pay disparities in equities exist within our society. When we do that common practice that most organizations do, which is using salary history, an interview in hiring class process What we see is that organizations have the disparity that are coming into their own workplace that they didn't intend just because of that experience that existence in society, and so those are the types of analysis and and reviews that we do to ensure that we're having a sound structure and policy within our organization. Reducing eliminate these inequities as much as possible. Now, I have to say in planning for this interview our producer Donnie, who was involved in it, and he said, You know what's interesting too is they've got this platform that basically Let's you know various employees from what I understand is, you know if they want to post something on their employer, they can do it anonymously And that is, I think, even on your fairly prominent on your website talks about why this is such an important ability to be able to do. Yeah, it's critical because unless employees have a safe way to provide feedback, organizations don't know the In opportunities that exist within their workplace. That face mechanism to allow employees to provide that feedback so that organization could make the needed change. One of the things that's also really We've had our system set up. It's because Talent says that looking for an employer that values diversity actually, including one of the most important things. For a potential employer. So we have a lot of potential applicants that come to a platform looking Cos Diversity Equity Inclusion initiative, which we all track on a platform as well to really learn. What are the employers of choice in the companies that values really reflect their own values? And you know the other thing. Sorry The line was going in and out a little bit, So I just want to make sure you had finished. You know, one of the other things and I am curious When you start working with companies like what is the first thing that you want to look at. And what is the Kind of most common problem that you find when it comes to these issues at a company. So the most common problem that we see is that organizations haven't been measuring in tracking this at all. They measure diversity that they're not measuring equity and inclusion of looking at their systems from this kind of equity inclusion lens. So which is really baffling right on, dare different, right? They're different. Yeah, they're different. You know, when we think about diversity, Diversity is, you know individual's identity. That's gender that raised that. You know your religious background, those air all diversity factors when we think about inclusion. That is, I feel like I belong in this workplace. No matter what my identity is, and then we'll think about equity. That is, I have the same access and opportunity no matter what my identity is either, And so it's important organization. Not on Lee look at diversity and to have that measurement around diversity, but to really make sure that they're measuring inclusion equity within the organization as well. Hey, one of the things I wanted to ask you your own experience in creating a company. Raising funding for that company. What was it like? How hard was it as as a black woman? So it was difficult. I mean, when we look at the funding disparities that exist for women and then also women of color fast, you know, we women of color only received 26% venture capital funding, so not even one. And when you look at the amount of funding received that Metro or wait, so you know, we we encountered a lot of challenges and one of the scenes just why You know, Diversity so important in the corporate studying is to ensure that we're getting that diversity of opinion and perspective and experience is what we've seen in venture capital of the same is that there's Not a lot of diversity with respect Tonto Venture capitalists, So it's hard sometimes to see the opportunity that exists within various market. So I know when we first started canaries it was three years ago. It was before the emphasis that we're seeing now on corporate several secret inclusion initiative. We had a lot of inter capitals but couldn't see the potential in the company and didn't really understand the market potential. So I think that's why it's so key and critical that we have diversity not with only within a corporate setting, but within every ecosystem, including the venture capital. Because system right from all the conversations I've had, it's gonna be, You know, we talk about pipelines, but it's gonna be everywhere and getting entrepreneur certainly into the investment world and having the ability to bring especially minority and entrepreneurs to bring Their ideas out is really, really key, quickly. 20 seconds a piece of advice for entrepreneurs who are looking Teofilo and who might be coming up against Closed doors. I would say to never give up. You have to be tenacious to be an entrepreneur. Gonna have a lot of grid and you gotta believe in yourself, so that would be my my key. Word of advice Is Seo Keep going. Yeah, that's a good one. It's a simple one. But it's a good one. No doubt about it. Mandy. Thank you so much, And I hope we can check in. Again down the road. She's co founder and chief executive officer of Canaries on the phone from Dallas, Texas. Well, he is back, Kevin. So really sound on is coming up next week. It sounds so ominous, Carol. I wasn't you Could you feel the warm bottle? I woke up from a two week nap. I was in a two week slumber. Now back. I've got my energy. We've got Senator Marsha Blackburn. And you don't want to miss this interview. I was up on Capitol Hill earlier today, and I mean, let me tell you something. She is the Republic. And in the eye of the storm For all of Big tech. Everyone talks about Josh Holly, Senator Blackburn of Tennessee is really the one game stop everything, all of it Robin Hood, So I asked her about all of that, plus impeachment. There's another trial. Carol, I cannot believe it. And I think we saw the headline today that the president or former President Donald Trump will not be testifying. Is that correct correction and in fact, She and I asked her about this and in the interview, and what she told me. Essentially was. She's making this case than Republicans as well that if you open the door to a previous impeachment of the former president, who's to say in the future, someone wouldn't vote once they have the majority in both houses. To go backwards and impeach others. It's a really interesting conversation is going to say we're living in interesting times. All right. Kevin's really have a good one. Sound on with Kevin coming up for the whole Bloomberg Business Week. Team. I'm Carol Massar. This is Bloomberg. This is how long will it take for the economy to recover? How many of them have remained on the job? Throughout this people are not going to be in public transportation. Nobody knows you.
The Oklahoma Observercast
"2.2%" Discussed on The Oklahoma Observercast
"And now i've got you know So many wonderful stories just from ios six years in three general elections at a primary runoff on the doors in house district twenty eight. Well i mean there's the sense that our legislators i mean next to the city council's especi specifically the house. You know here in. Oklahoma are pretty close to their constituents. You know with the senate. It's a little bit different because of districts are larger congress. Definitely especially if frank lucas's district. It's kinda of kind of farther and farther removed from your actual constituents and then you also look at like say voting on voter turnout in specifically oklahoma elections. Where it's in some in some districts it's literally a couple hundred people in also the sensor proximity to voters since the proximity to your district I've always just been really struck at. I feel like legislators are actually very mindful of the needs and concerns of their constituents. So you know. I think that's kind of a i kind of want to go in the direction of with that in mind with the overwhelming success or the i'd not overwhelming with the great success of ballot initiatives in the state of oklahoma Will arnold and i have talked in the past about how that seems to kind of point to a failure of the legislature to really address. The issues that mattered of a human's namely medicaid expansion. You know its passage by a hair but its passage nonetheless You know medical marijuana. I'm of course criminal. Justice reform didn't pass this year. But i just have to wonder you know this. Let this session. We have some legislation up. That would make it harder for those ballot initiatives to qualify in so. I'm just curious where they're getting these ideas..
The Oklahoma Observercast
"2.2%" Discussed on The Oklahoma Observercast
"Kelly haney then went on and Two thousand and four ran for the oklahoma house of representatives from house district. Twenty eight which that time was all of seminole county northern potter awarta me county southwest lincoln county western fussy county Served from two thousand and four to two thousand and ten two thousand and ten Decided well i decided well before. Then but two thousand ten ounce that. I had had enough of banging my head against the wall and decided to leave and not long after leaving their worked in a few campaigns and and offer for a bit but landed at an amazing position with it at wonderful opportunity with the aclu of oklahoma and served as the aclu bocom executive director for a little over nine years and step down from that role.
Bloomberg Radio New York
"2.2%" Discussed on Bloomberg Radio New York
"Radio. Markets headlines and breaking news 24 hours a day at Bloomberg. Don kam, the Bloomberg business APP and and Bloomberg Quick Take. This is a Bloomberg business plan will work World Headquarters. I'm Charlie Pelata, Dalby S and P No stack Russell 2000. All rallying today s impede at a record investors are pouring into financial assets that benefit from a stronger economy. After Democrats looks set to take control of Congress, potentially unleashing a torrent of federal spending to revive growth. Bob Doll is chief equity strategist at Nuveen Asset Management. The longer term implications are probably text rates are going to be a little higher if I yet was a corporation. Paid no or very low taxes. I'd be worried higher income Americans that could be compromised. So there's some rise there. So we're gonna have Morshed UHF done, but it's gonna be at the margin. As these moderates have a much stronger voice. And today lots of big bets on infrastructure spending, American steelmakers and machinery producers are surging. On speculation that Democrats will eventually take control of Congress, paving the way for president elect to Joe Biden to pass a wide ranging infrastructure stimulus Bill Thea SMP Supercomposite Steel Index, which includes US steel, Nucor and Cleveland cliffs, along with 11, other members is up right now by 11 by 8.7%. It is heading for the biggest two day games since March. Among some of the other infrastructure names Caterpillar surging now by 6.9%. That's helping lift the Dow Up. 578 points up by 1.9%. The Dow is off session highs. SNP close to a session High up 41 9 right now, with 37 75 again of 1.3%. NASDAQ is up. 4/10 of 1% higher by 52 points. Russell 2000 up 4.7% 10 Year field Their 100.1 point, 04% Gold down 2.2% 19 owes 70 outs. I'm Charlie Pellet. That is a Bloomberg business Flash. Work television radio. I'm David Westin. It's time now for a market check and how those markets may be reacting to all the news coming out of both Georgia and Washington. Caroline's is here with the report. Kaylie. Well, David, it seems to be that the market is praising in a blue wave and therefore the reflation trade is full steam ahead. You can see that evidence it was outperforming today. The likes of the rest of 2000 is higher by more than 4%. If rush record high. It is, of course, cyclically sensitive, very sensitive to economic growth, and therefore, the idea is it will benefit from what the market sees as a larger potential fiscal stimulus coming out of a democratic Congress. On the flip side of the coin, you do have technology that is the laggard here. The NASDAQ 100 is down. About 3/10 of 1%. At the moment. The fear there is about regulation also protect potentially higher corporate taxes that is weighing on some of the mega cap tech stocks. The other big thing I'm watching in the market is, of course, the 10 year yield back above 1% for the first time since March with an eight basis point almost nine basis point move higher in today's session and that moving yields that steepening Of the curve is really benefiting a lot of the financial stocks they're leading in today's session, the likes of America up by double digits. Also, you're seeing some action in the likes of TV's in green energy in construction, anything that could benefit from a green or potentially just more robust infrastructure spending and, of course again, As I said, those tech stocks are really what's lagging specifically those of the largest market cap. He spoke down 2% apple down more than 1%. At this point, David, Okay, We have to ask you if the dollar house the dollar holding up through all this, so it's been interesting. It's fluctuated throughout the session. We did come into the day seeing pearly, robust dollar weakness. It is covering around its weakest since all the way back in the spring of 2018 and then flipped into positive territory. Right now. The Bloomberg dollar spot index Is basically flat. Of course, that really is a proxy for the kind of recovery trade the thinking being that if you do get more stimulus, you do have yields moving higher. Maybe that is that is or is not good for the dollars to the dollar has been whipped sign, but of course, it's very sensitive. To the action. We're really seeing in yields as our other parts of the market. That is another story of tech. The thinking being higher yields will search away on some of those big tech stocks when it comes to margins and really just the relative of attractiveness, considering they enjoy such high valuations in it. Yeah, there's also the little issue with China and the Big tech and whether China might actually retaliate, right. Especially when it comes to those telecoms, the nicey making a U turn to its U Turn. It is going to the list those three Chinese telecom companies and you are seeing shares those eight ers down about 4% today. Did you know when the one thing a 3 60 something else entirely? Thanks so much to keep the lines for the report on the market's still ahead. Sam Palmisano, former head of IBM is here on what the elections mean for attack and what needs to be done about cyber security. By the incoming Biden administration. This is balance of power on Bloomberg Television and on radio. Markets headlines and breaking news 24 hours a day at Bloomberg, calm the Bloomberg business app and and Bloomberg Quick Take. This is a Bloomberg Business plan. Bloomberg World Headquarters. I'm Charlie Polito and update on Wall Street s and P on track for a record. Small caps are surging Russell 2000 up now by 4.7% S and P. Up 48 at a record of 1.3% 37 75 the Dow Up 562 now up by 1.9% as Stank is up 50. That is a gain of 4/10 of 1%. The NASDAQ 100 index, so is lower by 3/10 of 1% down transports surging by 3.2%. So SMP rallying banks and commodity producers leading the charge amid volume that was 40% stronger than the average of the past 30 days. As I mentioned the Russell 2000 picking up steam up by about 4% some of the high flying shares so that power the equity surge from March lows such as Apple and Amazon are under performing today. Dow Jones industrial Average on Pace for a record 25 of its 30 member stocks are advancing. It is official. The U. S labor market is taking another beating. And with that story, here's Bloomberg's Vinny Del Giudice thrown a virus cases rocketing again. Business payrolls dropped for the first time since April. It's based on data from payroll provider 80 P in December, the private sector lost 123,000 jobs, concentrated industries affected by the latest health restrictions, such.