17 Burst results for "385 Points"
WTOP
"385 points" Discussed on WTOP
"Last year. The data center vacancy rate in Northern Virginia is now less than 1%. D.C. based frozen yogurt maker sweet kiwi. One of $250,000 Shark Tank deal. The Dow finished the day down 385 points Friday, although it ends the week unchanged, Jeff Cleveland, news. At Saturday morning, march 18th, the weekends here, everybody we've made it. It's one 42. Welcome, I'm glad you're with us here at WTO This is WTO news. 90 president's Xi Jinping is set to visit Russia next week to meet with Russian president Vladimir Putin, the Kremlin says the meeting will focus on their comprehensive partnership and strategic cooperation. The meeting highlights China's aim for a greater role of the world stage right now. In the meantime, Putin is wanted this morning on an arrest warrant issued just Friday by the International Criminal Court or the ICC as it's known, is charged with war crimes for the alleged abduction and deportation of Ukrainian children. So what is The White House saying about all of this this weekend? Double DT will be national security correspondent JJ green with some answers. A State Department spokesman says in a statement, there is no doubt that Russia is committing war crimes and atrocities in Ukraine and quote we have been clear that those responsible must be held accountable. The ICC prosecuted the statement says is an independent actor and makes his own prosecutorial decisions based on the evidence before him. The statement also says we support accountability for perpetrators of war crimes to be clear the U.S. according to this statement says determinations regarding war crimes and atrocities in Ukraine, their determinations are separate from the ICC's independent decisions on matters before it. The prosecutor's evidence they say will be ultimately weighed by the court. Basically, it's support for the actions, the ICC has taken, but they're not going much further than that. Edward, this 40 that America's military ties with Australia continue to get stronger. After last week's visit to the United States by Australian prime minister Anthony albanese, as part of the orcas submarine agreement, Australia will now buy 220 tomahawk missiles from the U.S. these missiles
WTOP
"385 points" Discussed on WTOP
"The Dow dropped 385 points Friday, recent bank failures are spooking the market. And President Biden wants congressional action to target executives have failed banks. Our receive important reports from The White House. The president says current law limits the government's ability to hold failed bankers accountable. So he's asking for changes. One proposal would allow the FDIC to find bank executives for recklessness and grow the agency's ability to claw back profits from stock sales that occurred just before a bank's collapse. Mister Biden is also asking Congress to authorize a move to keep failed bankers from working again in the industry. The International Criminal Court issued an arrest warrant for Vladimir Putin for war crimes. We asked CBS Margaret Brennan if the warrant will have any impact on the high stakes meeting between Putin and Chinese president Xi next week, China itself is accused of carrying out actively a genocide against minorities. Does it bother Xi Jinping to stand next to an accused war criminal? We'll see. But what we know has been happening is that as the west tries to isolate Russia, that tie between Russia and China has only grown stronger through trade and increased work together. There is a call for an independent investigation following the death of a 20 year combat engineer at fort hood, Texas. Officials at fort hood have ruled out foul play, but the family of army private and about to do a Ruiz says there needs to be a full investigation. David Cruz is with the league of united Latin American citizens. No foul play would also indicate tone deafness to the concerns of the father and the mother, who stated that she had been the target of alleged sexual harassment. Ford's food has not released a tales of the death, some reports say it's being investigated as a suicide. Steve futterman CBS News. Talk about March Madness, New Jersey's number 16 fairly Dickinson stuns number one seed perdue, CBS sports hakim dermis has a details. A 23 point
WTOP
"385 points" Discussed on WTOP
". Money dudes on WTO at ten and 40 past the hour, this time around brought to you by pin fed credit rates. Credit union, great rates for everyone. Let's check a double jet. A new survey says consumers expect inflation over the next year to be 3.8%. That's the lowest forecast in April of 21. The D.C. metro's unemployment rate rose to 3% in January, the lowest metro unemployment rate was Miami, a 2.3%, ting Internet has begun offering fiber broadband to residents in Alexandria, those in affordable housing get it free. The doubt finished Friday down 385 points, but unchanged for the week, Jeff clay will double TLP news. 1241, good morning. I'm making the D.C. region is constantly changing. If you spot a major incident that we're not already reporting, call the WTO traffic center. At 8 6 6 three O four WTO. That's 8 6 6 three O four WTO. This is George Wallace in March is here, which means spring is very, very near. And you put off replacing your roof in the winter, you gave me an excuse that it was too cold and it wasn't the time to do it. But now you know it is the time to do so. Well folks is only one option for you. Pick up the phone and call Patrick fingers at new look home design and you'll be glad you did because his famous half later, half never sail is back. You pay for half your roof later and the other half never. Plus you get half of all roofing materials and pay for the other half later with interest free financing. And believe it or not, the roofing experts are celebrating 20 years in the business this month. At new look, each roof is back with a lifetime warranty and the warranties are
Bloomberg Radio New York
"385 points" Discussed on Bloomberg Radio New York
"World headquarters on today's Pellegrini, we checked the markets all day long at Bloomberg. Stocks did close slower, and we're getting word that UBS now is in talks to acquire all or part of Credit Suisse, the Swiss national bank, and the country's regulator are orchestrating these talks. And it could lead to UBS taking over all or part of Credit Suisse. The boards of Switzerland's two biggest lenders are said to me separately over the weekend to consider this proposal and Swiss regulators have told U.S. and UK counterparts that merging the two banks was their plan a to bolster confidence in Credit Suisse. According to the FT. We're also watching first republic shares plunge today, and that's in spite of the $30 billion cash injection that bank is getting first republic is also considering a private capital raise or possibly even a sale. We did have a lower close for stocks, the Dow down 385 points 1.2%. The S&P 500 down 44 points, 1.1% the NASDAQ down 87 points more than 7 tenths of a percent, and Thomas honing former president of the Federal Reserve bank of Kansas City tells us what's happening shouldn't be a surprise. What's really happening is the classic night that follows day because we had a lot of very smart knowledgeable people who pursued a policy over the last decade and more of a very accommodative, highly accommodative monetary policy with very low interest rates for an extended period of time. And when you do that, if you think back over every crisis, when you do that for a long period of time and inflation of assets and prices rise, you end up having to tighten policy and that means all these asset values take downward pressure. And that's what we're seeing today. That's what we saw back then. And that's what we saw in the 80s and that's what we saw in the 2008 period. And the honing is also a former FDIC vice chairman. Meantime, Bloomberg has learned the FDIC is considering holding Silicon Valley banks underwater assets to ease auctions, a similar plan is under consideration for signature bank were being told, and that arrangement is typical when the FDIC takes over banks the move could pay the way for takeovers. And as events unfold this weekend in investors are also keeping an eye on the fed, Anastasia maroso chief investment strategist at I capital says even after efforts to help depositors at Silicon Valley and signature banks, other banks could be forced to sell some of their held to maturity securities as they face outflows. If depositors keep putting money in online accounts with higher interest rates instead. I mean, this is systemic, or at least it's broad based, and this is why I think the market is having a hard time saying yes, this is it. This is over. And emeralds are with us there on Bloomberg radio and television. Global news, 24 hours a day, powered by more than 2700 journalists and analysts in over a 120 countries. I'm Denise Pellegrini. This is Bloomberg. Walking into the building for the first time after the shooting. It was crippling, but it had to be
Bloomberg Radio New York
"385 points" Discussed on Bloomberg Radio New York
"Surgeons, nurses, and others who were experts with severe injuries amputations and reconstructive surgeries. Doctor creus dasgupta is the chair of physical medicine and rehabilitation at med star It's an honor for us to show kind of what we do and kind of share with them our expertise in this area. I'm Michael kassner. Two senators are pushing for television cameras in federal courtrooms and the U.S. Supreme Court. Iowa Republican chuck grassley and Minnesota Democrat, Amy Klobuchar, are co sponsors of the sunshine in the courtroom act, grassley says allowing television coverage would give more transparency into the court system for the public. New Jersey's largest city is the victim of an Indian scam artist, Lisa G has more. The city partnered with the Hindu nation of the United States of kailasa, and even hosted delegates at a formal ceremony from the country in January at city hall. The only problem was the country didn't exist, as admitted by city council member Louise Quintana. This is an oversight, can not happen any longer. Newark officials admitted the whole thing was a scam led by a notorious Indian fugitive who's been on the run from rape charges since 2019. Lisa G reporting. Lottery players are hoping luck will be on their side as they tried to win a jackpot worth more than a quarter $1 billion, whoever correctly picks all 6 winning numbers ahead of tonight's mega millions drawing will receive at least $254 million. I'm Brian chuck. And from Bloomberg world headquarters, I'm Denise Pellegrini. We checked the markets all day long at Bloomberg. Stocks did close lower. And we're getting word that UBS now is in talks to acquire all or part of Credit Suisse the Swiss national bank and the country's regulator are orchestrating these talks. And it could lead to UBS taking over all or part of Credit Suisse. The boards of Switzerland's two biggest lenders are said to meet separately over the weekend to consider this proposal and Swiss regulators have told U.S. and UK counterparts that merging the two banks was their plan a to bolster confidence in Credit Suisse. According to the FT. We're also watching first republic shares plunge today, and that's in spite of the $30 billion cash injection that bank is getting first republic is also considering a private capital raise or possibly even a sale. We did have a lower close for stocks, the Dow down 385 points 1.2%. The S&P 500 down 44 points, 1.1% the NASDAQ down 87 points more than 7 tenths of a percent. And Thomas honig, former president of the Federal Reserve bank of Kansas City tells us what's happening shouldn't be a surprise. What's really happening is the classic night that follows day because we had a lot of very smart knowledgeable people who pursued a policy over the last decade and more of a very accommodative, highly accommodative monetary policy with very low interest rates for an extended period of time. And when you do that, if you think back over every crisis, when you do that for a long period of time and inflation of assets and prices rise, you end up having to tighten policy and that means all these asset values take downward pressure. And that's what we're seeing today. That's what we saw back then. And that's what we saw in the 80s and that's what we saw in the 2008 period. And honig is also a former FDIC vice chairman. Meantime Bloomberg has learned the FDIC is considering holding Silicon Valley banks underwater assets to ease auctions. A similar plan is under consideration for signature bank were being told, and that arrangement is typical when the FDIC takes over banks the move could pay the way for takeovers. And as events unfold this weekend, investors are also keeping an eye on the fed Anastasia maroso chief investment strategist at I capital says even after efforts to help depositors at Silicon Valley and signature banks, other banks could be forced to sell some of their held to maturity securities as they face outflows. If depositors keep putting money in online accounts with higher interest rates instead. I mean, this is systemic, or at least it's broad based, and this is why I think the market is having a hard time saying yes, this is it. This is over. And emeralds are with us there on Bloomberg radio and television. Global news, 24 hours a day powered by more than 2700 journalists and analysts in over a 120 countries. I'm Denise Pellegrini. This is Bloomberg. This is masters in business with Barry red holes on Bloomberg radio. I'm Barry Rudolph, you're listening to masters of business on Bloomberg radio this week, what a surprise. I have an extra special guest. His name is cliff asness, and he is the managing partner and cofounder of AQR capital, a quantitative hedge fund that runs a variety of strategies, but perhaps is best known for their value approach, previously he helped stand up the quantitative research arm of Goldman Sachs asset management. He sits on the editorial board of the journal of portfolio management and on the current institute of mathematical finance at NYU, cliff asness welcome to Bloomberg. Thank you, Barry. Thank you for having me back. Yes, I'm thrilled. I've been looking forward to this as has most of Twitter. We'll get to that later. Let's start out a little bit going over some of your background. You get your PhD at the University of Chicago where you are the teaching assistant for some obscure prof named gene fama, tell us. Yeah, I basically discovered him. I ended up at the University of Chicago. I was an undergrad, studying business and engineering. I decided I wanted to be a professor because I did a job just for money, coding up studies for three Wharton professors. I liked what they did. I said, how do I do what you do? And they said, go get a PhD. I said, where should I go? And they said, close the door, because we were at Wharton. And Wharton's a great school, but PhD program rankings can be different than sure. And almost to a man, because I want to about ten professors, they said, go to Chicago. Really? And I went. I mean,
Bloomberg Radio New York
"385 points" Discussed on Bloomberg Radio New York
"From Bloomberg world headquarters, I'm Denise Pellegrini. We checked the markets all day long at Bloomberg. Stocks did close lower, and we're getting word that UBS now is in talks to acquire all or part of Credit Suisse, the Financial Times says the Swiss national bank and the country's regulator are orchestrating these talks and it could lead to UBS taking over all or part of Credit Suisse. The boards of Switzerland's two biggest lenders are set to meet separately over the weekend to consider this proposal and Swiss regulators have told U.S. and UK counterparts that merging the two banks was their plan a to bolster confidence in Credit Suisse, according to the FT. We're also watching first republic shares plunge today, and that's in spite of the $30 billion cash injection that bank is getting The New York Times says first republic is also considering a private capital raise or possibly even a sale. We did have a lower close for stocks. The Dow down 385 points 1.2%. The S&P 500 down 44 points, 1.1% the NASDAQ down 87 points more than 7 tenths of a percent, and Thomas honig former president of the Federal Reserve bank of Kansas City tells us what's happening shouldn't be a surprise. What's really happening is that classic night that follows day because we had a lot of very smart and knowledgeable people who pursued a policy over the last decade or more of a very accommodative, highly accommodative monetary policy with very low interest rates for an extended period of time. And when you do that, if you think back over every crisis, when you do that for a long period of time and inflation of assets and prices rise, you end up having to tighten policy and that means all these asset values take downward pressure. And that's what we're seeing today. That's what we saw back then. And that's what we saw in the 80s and that's what we saw in the 2008 period. And the honig is also a former FDIC vice chairman. Meantime Bloomberg has learned the FDIC is considering holding Silicon Valley banks underwater assets to ease auctions, a similar plan is under consideration for signature bank were being told, and that arrangement is typical when the FDIC takes over banks the move could pay the way for takeovers. And as events unfold this weekend, investors are also keeping an eye on the fed, Anastasia maroso chief investment strategist at I capital says, even after efforts to help depositors at Silicon Valley and signature banks, other banks could be forced to sell some of their held to maturity securities as they face outflows. If depositors keep putting money in online accounts with higher interest rates instead. I mean, this is systemic, or at least it's broad based, and this is why I think the market is having a hard time saying yes, this is it. This is over. And emeralds are with us there on Bloomberg radio and television. Global news, 24 hours a day, powered by more than 2700 journalists and analysts in over a 120 countries. I'm Denise Pellegrini. This is Bloomberg. Sometimes
Bloomberg Radio New York
"385 points" Discussed on Bloomberg Radio New York
"And it's 5 40 on Wall Street. We checked the markets all day long for you here at Bloomberg and we have some breaking news on Credit Suisse. The Financial Times says UBS is in talks to acquire all are part of Credit Suisse, the Swiss national bank and the country's regulator finma, while they're apparently orchestrating the talks that could lead to UBS taking over all or part of Credit Suisse according to this report. Now, the boards of Switzerland's two biggest lenders, the report says are set to meet separately over the weekend to consider the proposal and Swiss regulators have told U.S. and UK counterparts that merging the two banks was their plan a to bolster confidence in Credit Suisse numerous options are under discussion, according to this report, both sides are evaluating regulatory constraints in different jurisdictions and there's no sign or no guarantee that a deal will be reached. We are also watching first republic shares plunge today and The New York Times says they are considering a private capital raise or even a sale that's of course after they got that $30 billion temporary injection from other banks. Stocks falling today the Dow down 385 points 1.2% the S&P 500 down 44 1.1% the NASDAQ down 87 about 7 tenths of a percent. The yield on the ten year treasury, 3.38%. Nymex crew down about 2.32 .4%, let's call it and spot gold, one of the gainers up 3.6% on the day FedEx shares also closed about 8% higher after boosting their forecast, and that is the Bloomberg business flash, Carolyn Jess. All right, Denise
Bloomberg Radio New York
"385 points" Discussed on Bloomberg Radio New York
"And a rough end to a tough and crazy week on Wall Street stocks closing lower on continued bank worries, even in spite of that $30 billion cash injection that first republic is getting shares of first republic they plunged 33% today. There's also talk that Bank of America might buy signature bank at least that's what activists investor Bill ackman is tweeting he says he's hearing that will happen Monday, Bloomberg does not have that confirmed I should mention and of course we're all watching Credit Suisse. It was under pressure again, the ADRs were in U.S. trading today at fell in Europe as well, at least four major banks, including sock Jen, and Deutsche Bank have apparently placed restrictions on their trades involving Credit Suisse or securities because of counterparty concern, according to Reuters. Now, sak Jen kept existing counterparty positions with Credit Suisse, but isn't increasing them, according to what some people say. So that's something we will be tracking for you. All weekend long. And with that special edition of Bloomberg debris Asia coming at 5 p.m. Wall Street time on Sunday Night. For now let's check the markets, the Dow, down 385 points, let's call it that's about 1.2% the S&P 500 down 44.1 .1% the NASDAQ down 87 points, 7 tenths of a percent the yield on the tenure, 3.42% right now. We were a little lower earlier but still not exactly an endorsement of fed hiking rates a lot. More soon, nymex crude right now, down about 3% on the day, spot gold, up just about as much up almost 3% in FedEx shares getting almost 8% on the day after it cut costs and boosted forecast. And that is Bloomberg business flesh. All right, did he thank you so much, Denise Pellegrini
WTOP
"385 points" Discussed on WTOP
"Their ovaries if they're done having children. For low risk patients, Nevin said, those who are having other gynecologic surgery may want to consider having their fallopian tubes removed again if they've decided against having more children. Kate Ryan, WTO P news. Fairfax county fire is getting $450,000 in grants for cancer and heart disease screenings. News fours Amy Cho explains how that will save lives. When fairfax county fire captain Barry mayhem was offered a free cancer detection scan. He felt healthy and didn't expect to find anything, but the scans showed an issue in his spleen, which turned out to be stage four colon cancer. I'm very thankful for the scan that was offered. We want to be healthy and be there with our kids and watch them grow and everything else. Now, all fairfax county firefighters will be getting the same opportunity for an early detection scan. We'll have more tonight on news four. WTO at four 55 money news at 25 and 55 brought to you by pen fed credit union great rates for everyone. Let's go to Jeff clay. The Dow is finished the day down 39 points, and it missed out on today's big rally, the S&P 500 Index, finished the day up 61 points. That was one and a half percent. And NASDAQ got 385 points. That was a three and a quarter percent rally. Facebook stock was up today after beating revenue evidence, but the bar was set pretty low, it wasn't great news, Facebook's revenue fell for the third straight quarter. Amazon reported after the close, topping expectations, however its forecast for the current quarter is light. Apple also reported that after the close, apple's revenue last quarter, down 5%, its biggest quarterly drop in sales in 5 years, 30 year mortgage rates are now one full percentage point lower than they were in November. Freddie max is a 30 year fix now averages 6.09% down for the fourth week. Jeff Klebold news. All righty, thank you, Jeff. Keep it here, the congressional black caucus is pushing for police reform
Bloomberg Radio New York
"385 points" Discussed on Bloomberg Radio New York
"For him was just immense. When something feels different, it could be Alzheimer's, now is the time to talk. Visit ALC dot org slash our stories to learn more. A message from the Alzheimer's association and the ad council. Markets, headlines, and breaking news 24 hours a day. At Bloomberg dot com, the Bloomberg business app. And at Bloomberg quick take. This is a Bloomberg business flash. From Bloomberg world, Hank waters hot and Charlie pellet stocks, once again holding very close to session highs, the Dao the S&P has stack all in the green building on last week's gains for the S&P now hired by 36 points. That is an advance of 1%. Dow Jones Industrial Average higher now by 385 points again there of 1.2% NASDAQ up four tenths of 1% 47 at higher by 47 points 10,907 right now on NASDAQ. The ten year yield 4.22%, the two year 4.49%, spot gold down 5 tenths of 1% 1648 the ounce, while West Texas intermediate crude is down 7 tenths of 1%, 84, 47 a barrel on WTI. Apple shares are advancing apple is increasing prices for its music and TV plus services for the first time, citing rising licensing costs to move the risks giving rivals
WTOP
"385 points" Discussed on WTOP
"Not a good day but I was down 323 points or 1% loss as a B 500 index is down 80 that is 1.7% The NASDAQ's down 385 points that is more than two and a half percent The number of Americans filing for unemployment benefits for the first time remains above the low ceiling December but first time claims did fall by 23,000 last week to 238,000 nationwide 1.63 million Americans are currently getting standard unemployment benefits NBC says next week's Super Bowl ads are sold out And the price advertisers are paying sets a new Super Bowl record 32nd ads selling for as much as $7 million NBC says 70 of the spot's sold 30 of them are new Super Bowl advertisers Jeff label WTP news All right Jeff traffic and weather headed your way and then the leader of ISIS killed in a U.S. raid in Syria Details next 1256 And now the small business buzz packaged by the UPS store Are you starting a new business What's the name Choosing the right name is probably the most important early decision entrepreneurs make and picking the wrong one can be costly It needs to meet marketing rules and it needs to be unique paying for business cards a website and maybe even signs and then finding out another company has your name or one a lot like it would be a big setback You can check for trademark names on Secretary of State sites or the U.S. patent and trademark offices online database I'm Jeff label There's nothing.
Marketplace with Kai Ryssdal
"385 points" Discussed on Marketplace with Kai Ryssdal
"Coming up, with price gas depending on when you want it. I want it right now. What's it gonna cost me? First though, let's do the numbers. Yeah, no, the down industrials down 450 points today. One in three tenths percent closed at 34,265. The NASDAQ gave up 385 points just shy of two and three quarters percent, 13,768, the S&P 500 down 84 points, 1.9% finished at 43 and 97. For the week, we should do the wawa just for the week actually. The Dow gave up 4.6% than as neck down 7 and 6 tenths percent the S&P 500 down 5.7%. So what do you suppose traders thought of that $20 billion in new factory investment from Intel at smithfield's was telling us about? Not so much barely until basically unchanged. They competitor Nvidia gave up three and two tenths of 1%. Broadcom down about 2.6%. Netflix and chill, yeah, I don't think so down almost 22% today after reported as we noted yesterday on the program, subscriber growth isn't growing, streaming company also said is facing more competition..
WTOP
"385 points" Discussed on WTOP
"Week on Wall Street is over Jeff klay bob has the numbers The Dow tumbled another 450 points the NASDAQ lost 3% money he was in ten minutes on being Sports at 15 and 45 Powered by Red River Technology decisions aren't black and white Think red Yeah we say good afternoon to Frank Hannah hand Hey what's up Sean we got a rare Friday night battle of hoops from college park Maryland hosting number 17 Illinois as the Turks need some wins and need them in a hurry they are one in 6 in Big Ten play tip off tonight 7 o'clock from college park or Dave Preston is in rude He'll be there with live updates from Xfinity center NBA wizards taking on the raptors at 8 o'clock I saw the time and I said why are they playing at 8 o'clock That's when you know you're getting old when you think an NBA game starting at 8 is late and that is the deal tonight for some reason Right What are you doing 7 o'clock tips are fine Was trying to rebound from that loss to the nets the other night at Capital One arena NFL playoffs tomorrow start again Lots of games Bengals at the Titans that's at four 30 Saturday night packers taking on San Francisco Today in Green Bay it was like 1° So just imagine you think it's cold here just imagine Green Bay right now and tomorrow night Sunday rams with the bucks Late game bills at the chiefs Frank and random ETL be sports All right thank you much Frank Keep it right here coming up after traffic and weather We will look back on the careers of two icons from the entertainment world who've passed away meatloaf and comedian Louis Anderson It's 5 17 Here's this week's closing bell report presented by PNC bank Wall Street just ended its worst week since October of 2020 and the Dow capped its longest losing streak in almost two years down for 6 straight trading days This was a holiday shortened week with Monday off but four days was enough for the week the Dao lost 4.4% The S&P 500s weeklong loss was 5.7% the NASDAQ fell another 385 points to date alone bringing its week long lost to 7%.
KOMO
"385 points" Discussed on KOMO
"Andy field is following this story and spoke with como's ELISA jaffee So Andy why are they putting that on the back burger Is it because they don't think it's going to pass by Chris One guy is forcing it His name is Joe Manchin he's a democratic senator from West Virginia He has been the fly in the ointment on virtually everything that Joe Biden has tried to pass whether it's voting rights whether it's expanding education benefits for people with very young kids or people who want to go to community colleges but can't afford it And also now this child care tax credit which expired this week on Wednesday basically almost every parent in the country was getting up to $300 a month deposited in their bank account By the federal government to help them with child care if they had kids of the age of need the child care That's huge for middle and low income parents who can't afford to go to work because they can't afford to pay for child care and have someone take care of those children That has disappeared That little extra has now vanished and there's only one reason for that His name is Joe Manchin because he doesn't want it build back better He thinks that it's too expensive It's going to drive the deficit up The White House's response to that is no it will actually help curb inflation and make it easier for parents to go back to work which will help improve the economy and they point to a number of economists many of them Nobel Prize winners who are saying yes indeed that is the case in Joe Manchin is not correct So is this why Biden is pushing the Senate Democrats to pass two voting rights bills instead Because he thinks that has a shot before the end of the year Well it does not have a shot because it can't get past the 60 vote super majority you need to get end of filibuster here The reason that they were going to be able to pass build back better is because it's a spending bill and there's some hocus pocus that the party in power if they have the majority in the Democrats do by literally one vote If all the Democrats agree then they can do it through reconciliation as long as it only includes spending The voting rights bill is not a spending bill It is a law that would help protect minority rights in many states where Republicans are now passing laws that will make it tougher to cast absentee ballots to find places to put those ballots The times that you can go and vote But the president did sign into law today the two and a half $1 trillion increase to avert a government default We would call that doing what you're supposed to do which is basically the government has never defaulted on its loans And of course Republicans painted this as a picture of well we didn't vote for this year to increase the debt ceiling so that we wouldn't default on the loans we've already made They're saying well it's the stuff Democrats from spending more money So we're not going to vote for it But that's not what raising the debt ceiling does Raising the debt ceiling does is you already racked up all these bills on your credit card You've got to pay the interest on it And if you don't you default and you go into bankruptcy and you can't have the federal government going to bankruptcy The vast majority of that money was spent in the last four years and all that debt was accrued not all of it but a vast majority of it was accrued under Republican House and Senate control and Donald Trump ABC's Andy field joining us from Washington thank you Andy And that's Lisa jaffe Many companies are beginning to temporarily suspend COVID-19 vaccine mandates for employees including Amtrak and General Electric This follows recent court rulings pausing these requirements from the Biden administration for healthcare workers and federal contractors but leaving it up to individual employers Many companies are seeing labor shortages while the omicron variant causes another COVID surge across the nation Your money at 20 and 50 past the hour on como news now your como propelled insurance money update Despite positive economic news about both housing starts and manufacturing output for November stocks retreated today with technology shares especially weak the tech heavy NASDAQ composite slid 385 points or two and a half percent The S&P 500 dropped 41 points and the Dow Jones Industrial slipped 30 Investors weren't impressed with Lena's quarterly results reported late yesterday The home builder is per share profit and revenue were both a bit below analyst expectations It said demand for new homes remain strong but there are headwinds including labor and supply chain constraints Sonar shares dropped 4% today That's your money now Your next money update on como news in 30 minutes Or what it's worth on shari Preston A little dog named Henry is a bona FIDE hero his owner Kelly Dowling says it all started when he just wouldn't stay out of her 9 month old babies nursery He was headbutting the door open And going into her room and standing there And every time I shoot him away he would go back in as soon as my back was turned 5 times the Boston terrier went in and finally the baby woke up That's when Kelly says she knew something was wrong The baby was fighting a coal but she wasn't clearing her airway She was she started to turn blue and go rigid and she just really couldn't she couldn't get air Couldn't get any oxygen Kelly and Jeff Dowling racing their daughter to a nearby Connecticut hospital or doctors cleaned her airways Jeff says Definitely spoiling the dog a little bit more.
Bloomberg Radio New York
"385 points" Discussed on Bloomberg Radio New York
"From Bloomberg world Hank waters I'm Charlie paddle tech sync stalks in a reversal after yesterday's post fed rally a down day across the board with the S&P falling 41 points down 9 tenths of 1% but the sell off in technology was the big story today as stack down 385 points lower by two and a half percent than as stank 100 index was down 2.6% S&P down 9 tenths the Dow dropped 29 points today down by about one tenth of 1% tenure up 1330 seconds ten year yield 1.41% Spot gold just below $1800 the ounce of 1799 West Texas intermediate crude oil up 2.1% 72 38 a barrel FedEx rode higher ground package volume and increased prices to post profit above analyst estimates easing investor concerns over higher labor costs at X shares after ours up now by 6% Recapping stocks lower with the S&P falling 9 tenths of 1% I'm Charlie pallet That is a Bloomberg business flash You're listening to Bloomberg you sound on with Joe Matthew on Bloomberg radio It was set on this very program maybe two weeks ago Democrats should declare victory right now and go home With infrastructure and the debt ceiling in the bag take the victory lap Would that have been right That may depend I guess on what happens with the voting rights bill with one emerges in the Senate as we were just discussing With nadim Al shami let's assemble the panel and see how they feel about it if Bloomberg politics contributor Genie Chan Zayn who's been with us for every bounce of this ball and Doug high is back Republican strategist former comms director for the RNC former deputy chief of staff for former House majority leader Eric Cantor Great to have both of you with us Jeannie my goodness every time I talk to you the agenda has changed but it's definitely on to 22 now according to our reporting today at Bloomberg when it comes to build back better So I wonder if you feel any differently today about this if this is some sort of shell game as David Weston asked this morning or this afternoon on balance of power knowing he can't get built back better Maybe there's something else we can get your attention with Enter voting rights in the Senate Genie That's right You know we heard the breaks go on starting late yesterday on the build back better and boy they screeched to a halt today by this morning and they immediately shifted as the president indicated yesterday they would to the Voting Rights Act but of course that is not possible unless they are able to get some filibuster reform or rules reform And that at this point doesn't seem likely So you know make of this meeting with the president with Joe Manchin I mean would they be meeting if this was another waste of time endeavor that everyone's writing about They may be meeting They may feel like they can get Kristen sinema on board Joe Manchin keep him there and get some kind of filler buster reform but if you listen to what she said as you were just talking to nadeem about you know the last 24 hours she has said she is not in favor of this She makes a good point as to why unless she changes her mind hard pressed to imagine how they get voting rights past and all the.
Bloomberg Radio New York
"385 points" Discussed on Bloomberg Radio New York
"It and if you're on YouTube you are watching and we've got our tech crew behind us for those of you on YouTube Hey guys wait Oh they're gone That's what we love about that camera shy We love scatter so quickly YouTube is when you get to see a little bit behind the scenes right The sauce being made We are getting really some talk about sauce being made We're getting such great insight when it comes to what goes on at the graduate school of business here at Stanford And coming up we're going to hear from one of their professors Yeah professor Kenneth W shots is going to be joining us in just a second He's David us and Anna and Barlow Professor of political economy here at Stanford's GSB In the meantime though let's go check on that trading day Here's Charlie All right I thank you very much and here's what's going on stalks out or near session highs right to the numbers We'll give her the why in just a moment here S&P up right now by 34 up 8 tenths of 1% the down rally 385 points up 1.1% and stack up 68 now a 5 tenths of 1% ten year yield 1.57% Stock traders piling into companies that are more likely to benefit from a rebound in economic growth amid a surprising Greece and retail sales and solid corporate earnings For example Goldman Sachs shares after earnings of 3.4% Alcoa the aluminum producer up now by 15.3% We've got gold down 1.6% 1767 ounce and crude West Texas intermediate up 1% 82 16 a barrel The U.S. will open its borders to vaccinated foreign travelers on November 8th That according to The White House granted access to millions of people who have been shut out of the country while closing it off to anyone who has not had their shots So with the holidays rapidly approaching for domestic travelers what do you need to know before flying doctor Andrew pecos is Professor of molecular microbiology and immunology of the Johns Hopkins Bloomberg school of public health Air travel and airport security and country security is still basically run by individual countries There certainly is some harmonization that is attempted to be done particularly when countries that interact with each other frequently or have a lot of movement across borders But for the most part every country is free to set their own restrictions in terms of how to deal with passengers coming in from other countries And that stronger package for the Johns Hopkins Bloomberg school of public health supported by Michael R Bloomberg founder of Bloomberg p.m. Bloomberg philanthropies I'm Charlie pale fat as a Bloomberg business flash All right Charlie pellet.
WTOP
"385 points" Discussed on WTOP
"Guidance, saying vaccinated teachers and students do not need to wear masks inside of school buildings. That comes amid a national vaccination campaign in which Children as young as 12 are eligible to get shots, as well as a general decline in covid hospitalizations and deaths. The CDC is not advising schools to require shots for teachers and vaccine eligible kids. However, again, the CDC saying vaccinated teachers and students do not need to wear masks inside of school buildings. Well, some recent developments may have many people raising questions about the fast spreading delta variant of coronavirus and whether a booster shot is needed. Detection fighter is about to seek US authorization for a third shot of its vaccine after an Israeli study showed effectiveness of that shot wanes over time. Joining us live now as Washington Post science reporter Joel Achenbach, Joel, the FDA and the CDCR saying fully vaccinated people for now, don't need a booster. Is this the case where it's possibly everyone is right. Uh, we're hearing from federal health officials and from Pfizer and from other studies, could everybody be right here? Well, clearly, there's a little bit of a of a spat going on between Fizer and the federal agencies because Pfizer yesterday put out a statement saying, we think That you'll need a booster 6 to 12 months after your fully vaccinated and I think the federal agencies or like hold on, you know, this has not been established. Scientifically. We're going to make the call here, not Pfizer. Advisor hasn't shared all of its data from its own clinical trials. And, you know, it does have a A, um you know, a financial interest in and selling more, You know, booster shots. So this is an interesting moment. I mean, the scientifically we know that over time. Your antibodies start to wane against, uh, you know anything out there. The delta is a problem because it already has a little bit of slippery, You know, vaccine of Asian mutations, so we probably will need a booster at some point, But when is the question Yeah, That is the question. What do we know about Johnson and Johnson's one shot vaccine against Delta? There's a lot of talk about the RNA shots from Pfizer and Moderna. What do we know about J and J's one dose vaccine? How well is it holding up? Well, I can tell you what Paul often told me and he's at Children's Hospital of Philadelphia is a vaccine expert. He says. He don't need a boost or if you've had the J and J the There's no evidence that you need to go out and get An mrna a shot if you've had that J and J. And the reason is that one shot of J and J gives you a essentially the protection you need against serious or severe illness that you get from two shots of the M R. N A. S The You know, One shot of the fighter or the Madonna doesn't give you as much as one shot at the J and J. There are some differences. The vaccines that J and J is not as protective against, you know, I mild case, and so I understand why people are concerned about it. You know, I think that you know it's all about probabilities in numbers and percentages. Here. There's no way to absolutely protect yourself. Absolutely against an infection with SARS. Kobe too, But if you if you're vaccinated you you should feel good about your your chances. That makes any sense. You know, vaccinations work. The vaccines are great. They do protect against the variance, even though the variants do have a little bit of, you know, slippery quality to him, so get vaccinated. If you haven't done a sense of already, Joel, we appreciate it. Thanks for your time. That's Washington Post science reporter Joel Achenbach. Let's get a look at Wall Street. Jeff Clay bar now is up 385 points the S and P 500 is up. 1% Money news in 10 minutes on w T o p Sports at 15 and.