35 Burst results for "6 Points"
Bloomberg Radio New York
"6 points" Discussed on Bloomberg Radio New York
"Is mortgage rates back up. 6 point X percent suddenly 6 days, 7 days, 8 days worth 7.04%, 30 year bank rate. This time with mortgage rates going up, what's it mean? Yeah, so at this point, there's not only mortgage rates that have been driving the housing markets, also that jobs have still been strong and wage growth are still being strong. So on this scale here, that has clearly been dominating what has been having to mortgage rates. And that's why housing has started to show a recovery. The fact that there are more bits per home sold now than there were 6 months ago is just stunning when you think about where mortgage rates are. So that means that we will get to that inflection point and too early discussion where we might get that sharper slowdown where it no longer needs to be like what? Friday or Monday? No, no. So this may be several months down the road because again, remember both the banking sector tightening conditions and also mortgage rates of these levels eventually the fed will succeed with getting inflation down and we should not doubt their commitment to getting invasion back to 2%. Which takes us back to where we started in a sense. This $10 trillion of stimulus that was pumped into the economy. And the uncertainty of where we are in terms of breaking it down and pulling it out of the economy. Do we have a sense of how much was sucked out and how much just keeps getting circulated in terms of wages and bigger incomes that go into spending? Absolutely, that's really the key question because the only way we can really get a good handle that is to try to look at the data for how much savings is left across the income distribution, the fed has quarterly data for that. Some of the banks see the bank and Bank of America have data that also on the private level. And the conclusion is still today. You have both for high middle and low income groups still a higher levels of savings at these cash in checking accounts than what you had in the fourth quarter of 2019. So the answer to your question is we still need some more time before that excess savings has been worked down to a lower level. And that's when we ultimately will begin. We've seen you spoke about this earlier. We've seen some of the credit card data showing some signs of weakness. You also see on my Bloomberg screen restaurant performance index also beginning to roll over a bit. So there are some early signs of maybe consumers are beginning to hold back and delinquency rates also in particular for lower FICO scores are also beginning to go up. So yes, there's some early signs of cracks for the U.S. consumer, but it's still exactly the question you're asking pretty difficult to get at the same firm handle on what is the timing, but it is coming. No one should doubt that a recession is on the horizon. There's a big debate about what caused the inflation. Was it this question of some structural changes with people exiting the work, workplace, and just perhaps re globalization or de globalization. And how much was just money modern monetary theory failed. That essentially, yes, if you do just print money, you're going to get more inflation. And that's essentially what happened. I mean, how much can you parse out these two things? Yeah, so if you throw 10 trillion at the economy, no wonder that you get some inflation. And if you're at the same time, lower the capacity of the economy, meaning lower the supply side, if capacity starts ranking, you both have more demand and you have less supply. That's a recipe for inflation going up. So now we're trying to balance that by pressuring demand that by hiking rates and supply chains are coming back. So that means supplies coming up to get the economy more in balance so that we have to talk about this for many years. The Taylor rule, if I look at my Bloomberg screen, says the fed funds rate today should be 9. That's obviously not where we are. But we are so far away from the fed's goal of inflation and unemployment that we still need more to do to get to the point where there's more balance between supply and demand. Let's go to Chicago school by way of Austria, M two has been a study. Most people say ignore M two doesn't have recent academic validity. I'm sorry, M two took off like a moonshot and it's cratered. What's it mean? So I would look at him too as a reflection of the 10 trillion that was thrown in terms of accurate demand that came along and him too is indeed now collapsing. But that's because the fed is trying to withdraw liquidity. The fed is trying to really slow the economy down. And we should in equity and credit markets, not underestimate the commitment that the fed has to slow down earnings growth, slow down hiring. The whole idea from the fetus is slowdown consumption slowdown CAPEX spending. That's a very, very strong commitment to saying, we need to slow the economy down in order to get inflation down from 5 to 2%. To put a bow on it and to follow up on what you said with a tailor rule and a possible 9% fed funds rate, which a lot of people say is implausible at this moment. How mispriced do you think where federal funds rates should go in order to slow this economy to bring out some of this $10 trillion of stimulus? Well, I think as Tom was saying that's exactly the debate on the FMC at the moment. Some of them see members are saying, we don't only need to hike more and others are saying, but wait a minute, maybe we do need to hike more because maybe the transmission mechanism is saying that more is needed. So I do think, for sure, at least we will need to have rates elevated for a lot longer than what markets are pricing. The Economist James diamond, I believe. I believe he said he's a little leery on quantitative tightening right now. I mean, is that the heart of the matter, the president is going to have to blink and lose QT? So, well, there's a lot of discussion about what is a sequencing of how do we actually take policy and here at this point, if you think that it is needed to get long rates further up to say, cool, the housing market. You've been driving them up. Sources like a loans, yes, is to a four 42 year at yield in 30 year bond 4%. Yeah. I mean, this is what we've seen this grind higher as people really rethink. Because the recession has been delayed and if this delayed more, well, okay if it's not coming, maybe race do we need to go up a bit more. I'll get the chart on Twitter is clearly the chart of the day. He is torsten sluck of Apollo global management just brilliant with us. This morning, futures at negative 9 to vix, a little bit elevated 17.63 stay with us on radio and television. Good morning.
Mike Gallagher Podcast
Rick Klein: Joe Biden's Approval Drops While Skeptics Rise
"This poll from The Washington Post and ABC sure has gotten their attention. Here is George Stephanopoulos. Talking to ABC political director Rick Klein yesterday morning. President Biden pushing back on questions about his age from Stephanie ruhle as he bids for reelection. It's just one of the big challenges you face is now more revealed by our brand new poll. Political director Rick Klein here to break it down and Rick this poll is just brutal for President Biden. Absolutely, George, and you talked earlier about that record low approval rating for President Biden. It's actually 6 points down just since February. And the skepticism over his leadership extends deep inside his own party. Only 36% of Democrats think that their party should nominate Joe Biden for a second term. 58% say they would have support someone else would prefer someone else. That's despite the fact that the entire DNC and most of the democratic establishment has rallied behind President Biden.
AP News Radio
The latest in sports
"AP sports I'm David Schuster, it's round two for both the NBA and NHL playoffs and Tuesday night at Madison Square Garden. It was game two between New York and Miami and Tom Marion was there. The next show some heart when they needed it most to beat the heat one 11 one O 5 and game two to tie their Eastern Conference semifinal series at a game of peace. The Knicks already down a game where down 6 points of the heat with 7 minutes remaining, but outscored Miami 24 12 the rest of the way, as Jalen Brunson and Josh Hart combined for 20 points down the stretch. Jimmy Butler missed the game for the heat with an injured ankle, but Julius Randle returned from his ankle sprain to score 25 for the Knicks. Brunson let all scores with 30. Meanwhile, out in the Bay Area, Anthony Davis had 30 points at 23 rebounds. The Lakers taking game one against Golden State one 17 one 12. Over in the NHL, it was game one between Florida and Toronto and John leatherbee has the details. Part of her hanky scored the tie breaking and eventual game on a goal in the second period as Florida doubled up Toronto four two at Scotiabank arena for hanky took a breakaway pass beating Ilya Samsung for his third goal of the postseason. Nick cousin Sam Bennett and Brandon montour also scored for the peppers, while Matthew nyes with his first NHL goal and Michael bunting replied for the buns. Charlotte widow for four on the power play at Sergei bobrovsky made 34 stops for the win. Game two is Thursday night. And down in Dallas, Yanni gourde scored the game winner in overtime Seattle prevailing 5 four over the stars, turning the baseball, the Yankee snapped their four game losing streak forward to over Cleveland, Gary Cole, with another good outing. It was a good punch and counter punch and I was glad to be able to get deep enough that, you know, we could use our guys, you know, and leverage if we did indeed get the lead, which we did. In Tampa, the rays improved to 24 and 6 with a four one victory over Pittsburgh. Elsewhere, Ryan monkcastle hit two home runs Baltimore 11 7 over Kansas City, and Connor Wong had two home runs, Boston 7 6 over Toronto and back in pro basketball, Joel embiid of the Philadelphia 76ers named the league's MVP. I'm David Shuster, AP sports.
AP News Radio
Brunson, Randle help Knicks beat Heat 111-105 to even series
"The Knicks already down a game we're down 6 points to the heat with 7 minutes remaining, but outscored Miami 24 12 the rest of the way as Jalen Brunson and Josh Hart combined for 20 points down the stretch. Hard also snatched 11 rebounds as New York dominated the boards. Jimmy Butler missed the game for the heat with an injured ankle, but Julius Randle returned from his ankle sprain to score 25 for the Knicks.
The Officer Tatum Show
Poll Shows Joe Biden Trailing Behind Republicans in Upcoming Election
"Joe Biden is definitely not going to win. In a fair election, he will not win, right? I would argue that the poll already says from breitbart said 67% of the nation feels that we're on the wrong track with Joe Biden. There's other reports that says, I've been this very clear. I got to figure out where to report it. I got a bunch of material right here. But the nation, after a poll was taken when Joe Biden made the announcement look very slim. For mister Joe Biden, I got it in here somewhere. I already got to flip through all these pages to find it. I kind of want to wait to find it, but I might have to move on because it's taken too long. I'll figure it out in a minute and I thought I had the paper right here. All right, I think I found this is Biden trail trails generic Republicans by 6 points ahead of the expected 2024 launch. Republican candidates 47% Biden 41 percent. I'm going to find this thing. I have to look for it in a minute. Anyway, Joe Biden is not, you know, it's not favorable. He's not favorable in the Republican side or at least in general republic and it's not favorable to people who have been living through the Biden economy to buy an administration, which I would argue ain't worth a dime.
ToddCast Podcast with Todd Starnes
"6 points" Discussed on ToddCast Podcast with Todd Starnes
"The question we're facing is whether in the years ahead, we have more freedom or less freedom. More rights or fewer. I know what I want the answer to be. And I think you do too. This is not a time to be complacent. That's why I'm running for reelection. Because I know America. I know we're good and decent people. I know we're still a country that believes in honesty, respect, and treating each other with dignity. That we're a nation where we give hate no safe harbor. We believe that everyone is equal that everyone should be given a fair shot to succeed in this country. Every generation Americans have faced a moment when they have to defend democracy. Stand up for a personal freedom, stand up for the right to vote in our civil rights. And this is our moment. We must. Give it here they die. It's a pleasure so if you're with me, whom Joe Biden not concert. Let's finish this job. I know we can. Because this is the United States American. There's nothing to blame nothing we can not do if we go together. All right, a couple of things here. You know what we did not hear in this nearly three minute long reelection announcement. You know what? We did not hear. We heard nothing about the accomplishments of the Biden administration. And there's a good reason for that because there were none.
AP News Radio
Agbaji scores 28, rallies Jazz past Nuggets 118-114
"Ochai abaji scores a career high 28 points to push the jazz past the nuggets one 18 one 14, sitting 7 members of their regular rotation, including their entire starting lineup, the jazz already eliminated from playoff contention, managed to build a 19 point first half lead squander it and then overcome a 9 point fourth quarter deficit closing the game on a 25 8 run head coach will hardy. I'm really proud of the guys and can't stress enough how hard it is to maintain the focus when everybody's telling you that these games don't matter. Nikola Jokić scored just 6 points and only 5 shots for a nuggets team that clenched the top seat in the west on Wednesday. I'm Denny Capp.
AP News Radio
Pelicans top Grizzlies 138-131 in OT, earn play-in spot
"The pelicans have wrapped up a playoff birth with a one 38 one 31 overtime win versus the grizzlies. Herbert Jones poured in a career high 35 points. Just trust me in my work. I'm staying aggressive. Throughout the game, not worrying about the misses. New Orleans stormed back from a 19 point deficit, only to blow a 6 point lead in the last 11 seconds of regulation. CJ McCollum had 31 points and ten rebounds and Brandon Ingram finished with 24 points and 13 rebounds. Jaron Jackson led all scores with 40 points and also had 9 rebounds and four blocks from Memphis. I'm Dave ferry.
AP News Radio
Embiid scores 52, leads 76ers past Celtics 103-101
"The 76ers rolled the shoulders of senator Joel embiid as they outlasted the Celtics for a one O three one O one win and beat scored 18 points in the first quarter, including 7 during a ten one run and beat scored 6 points in a 15 three fourth quarter run that gave the sixers the leaf for good and beat half 52 points. The rest of the team combined for a 51. More aggressive than I have been the last few games and obviously, you know, my team is feeding me the ball. Derek, white had 26 for Boston. Michael luongo, Philadelphia.
AP News Radio
Palmieri has 2 goals, assist as Islanders beat Devils 5-1
"The islanders are closer to a playoff birth following a 5 one win over the Devils. Kyle Palmer scored two straight goals. The first snap had gone one all tie in, the second period. Right now, our line is as a whole and our team is playing well. And we just got to keep that going. The horvat entered an 11 game goal drought when he and Zach parisi scored empty netters. Ilya siroc and stopped 30 shots to help New York move 6 points clear of a postseason birth. The devil's remained three points behind the metropolitan division leading hurricanes, who have two games in hand. Eric Hollis scored shorthanded for New Jersey. 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.
WGN Radio
"6 points" Discussed on WGN Radio
"Time here. Both teams could use a little bit of a break. So hockey will go to the line. If he makes it 6 point game one 14 to go, what do you look for on both sides? You don't have to file. I do think Mick cronin will go to at least that half court trap because Gonzaga was shaky against the trap the last possession. If they would use the whole clock though and assuming Jaime makes the second one, they could get it down almost to 35 seconds. Then you're looking at legitimately a one possession game. Next fall against UCLA is two shots for example. Just keep that in mind as well. So they've got Timmy's elbow taken care of. UCLA still huddled up on the sideline. I think Mark few has Rajiv Bolton into the game. I'm assuming that's a free throw substitution and a ball handling substitution. He's a 79% free throwing. Hawkeye's will step to the line looking for point number 24 in the game, trying to make this a two possession game with one 14 to go. Hockey has bends his knees. The pack 12 player of the year makes the free throw. So 24 for him, mcclendon in Hawkins will sit. Marquez has four fouls. Probably tells you they're going to trap. Father moves along the baseline, gets it into Bolton, Bayley pressuring him. Here comes the trap. They get it back over to malachi Smith on the left. Smith back to Bolton, Bolton runs it across the timeline with two seconds to spare, weaving into the paint, dropping off straw, crashing into mcclellan, blocking foul against mclendon. And a couple of free throws coming up. Second foul against will mcclendon. That'll get Hawkeye's back into the game. I don't know what Julian strader was thinking about. You don't let the officials make a call in a situation like that. He'd have been much better off just taking the ball outside and taking the whistle out of the officials mouth. When Mick cronin is not pleased about that call, he is really giving it to kip Kissinger as rather steps go on and makes the first free throw. It's a mistake. Got to keep it out. You want to be aggressive, but not in a black charge situation. So one more free throw here for straw there. The Vegas native puts it up and drops it in. 12 points for Julian's draw their 74 66 Gonzaga 60 seconds remain. Here's singleton. Up top the hawk is. Hawk is driving against Watson out to singleton, singleton dribbles lap gets into the paint bumped into Watson on a foul against Anton Watson. Blocking foul his third. Free throws coming for singleton. We'll see if that's going to be a one in one or a two shot foul. Two. Jerry Paul doesn't look too sure. I thought he signaled two. No, you're right. He went and checked with kip Kissinger and they changed it to a one and one. So singleton 84% free throw shooter on the year hit a couple of big threes in the first half. What has been quiet since singleton's free throw is good. He earns the bonus. Singleton senior from Los Angeles. Third on UCLA's all time made threes list second free throw on the way rattles and drops. So 8 for singleton, 74 68 Gonzaga 50 seconds to go. Smith throws it away. Malachi Smith caught it underneath. They went for the trap and he threw it to nobody. He threw it past Mick cronin, Hawkeye's who had sat briefly his back in. UCLA is not dead yet. 48 seconds remain. Gonzalez not looked good against the traps by UCLA. That's why they don't necessarily need a three point shot. They like it if it's open, particularly singleton, but doesn't have to be. Officials are looking at the clock right now it shows 48 seconds even. We're making sure that is correct. Well, history between these two teams. Let's go back to 2006. Sweet 16 at the Oakland coliseum arena. Adam Morrison's final game. Gonzaga had a late lead, but could not handle the UCLA pressure, Jordan farmar had a steal, got it inside the looper chardon bomb mute, who laid it in and of course that image of a despondent Adam Morrison has his career came to an end in the bruins storm back to win. So there's a few Gonzaga fans that have that in the back of their mind and are trying to push it out of their mind as they wait for the final 48 seconds of this one. And there may be some UCLA fans who remember Jalen suggs in Indianapolis. At the end of the game, they have had some epic battles these two teams. So they've put the clock at 48.8. Singleton will inbound on the far sideline, trying to get it into Campbell and does. Campbell dribbling right into the paint gets to the hot guys, puts it up to the right hand. Podcast did it again. Foul was gonna go against Timmy it's his second and hockey as can make it a three point game with 45 seconds left. Another metal mistake by the zags. Jaime huck has if he has a layup, let him make the layup. Do not take a chance on an end one. So Hawkins will go to the line. Huge matches the point if he makes it, they can set the press up. Free throw along the way, got it. It's a three point game back to back three point plays for hawk is. 74 71 Gonzaga, 45 seconds left. Bruins do not have to foul out. Swallow along the baseline gets it into Watson in the backcourt. Watson holds and he's grabbed and fouled by mclennan so they did decide to foul in a three point game. Mcclendon gives the foul. That's his third. They're going to send once into the line. He's a 57% free throw shooter. He will get to, what do you make of the decision? Well, I like it because he's a 57% shooter. They would not have filed for it somebody else. I think Nick would have played the possession out. But putting the 57% shooter to shot foul. Watson misses the first off the left side of the rim. Salas and Smith back in. Hickman is going to sit. Timmy is going to sit. One more free throw here for Anton Watson. He needs this to make it a two possession game. 41.6 on the clock. Mark shoes got small guy's in. So they can switch. Watson's
WTOP
"6 points" Discussed on WTOP
"Talking about the capitals and wizards. They're trying to keep their respective and fading playoff hopes alive at the top of the hour, the capso scene the Columbus blue jackets and dire need of a win they sit 6 points out of a wild card playoff birth only 11 games left in the regular season. Meanwhile, the wizards also only 11 games left in the season They are in Orlando sitting two games out of the last spot in the play in tournament, no Kyle Kuzma tonight with an ankle, but kristaps porzingis is expected back. And the NBA morning the loss of Nick's legend Willis Reed, who has died at the age of 80, and a basketball fan of a certain age remembers his iconic performance in game 7 of the 19 70 NBA Finals. Coming up. That to read on the four court right side from what he jumps. Willis was an honest first two. Yeah, you might know the voice there. The great Marv Albert with the call back then Reed missed game 6 with a thigh injury wasn't expected to play that decisive game 7, but he made his first two shots did not score again, but his presence that night was enough to rally the Knicks to victory in the first of two championships, Reid would win Finals MVP actually both Nick's title runs to highlight a ten year NBA career in New York. The captain, Willis Reed was 80. Rob woodwork, WTO sports. Rob, coming up after traffic and weather, former president Trump waiting out a possible grand jury indictment in New York, extra security in place tonight in Manhattan and right here around the capitol complex as a precaution. 6 26. Come on, man. We have better seats this time. Oh, but we do. With 100 times space zoom on my new Samsung Galaxy S 23 ultra, we can see everything. Oh, are you zooming in on the coach's clipboard? Yep. And it looks like he might be doodling. The mascot riding a pony? I can't even see the puck. That they need to. So how do you like our seats now? I think it just really
WTOP
"6 points" Discussed on WTOP
"River, technology decisions aren't black and white. Think red. It's 1225 George Wallace, what do you have for us? Well, we got the caps home tonight, Mark 6 points back of a playoff spot with 11 and games to play running out of time. They get Columbus. This evening at Capital One arena, good news in the last couple of days. We have seen John Carlson on the ice skating has been since December, so everybody wants to know I feel really good. Feel rejuvenated, I think I've had this much time off and over the winter and in my life, probably, but so try to take care of myself, get better, do things that I otherwise wouldn't do, and, you know, get ready for coming back. And then what's time opposite entirely his entire life. 6 points back, 11 games to play. The wizards in Orlando, two games back of Chicago for a playoff spot Kyle Kuzma out again today. How about this? Fairly Dickinson's coach Tobin Anderson after that huge win the other day and the upset of the one seed. He leave he's leaving school to take over iona. He is getting a new job after that one win. How about that? Wow. Good for him. Patino leaves for St. John's and Anderson now heads to iona on a 5 year deal. Sweet 16 for the Maryland women, game time has been announced Saturday, regional semifinal. 1130 a.m. in Greenville. George Wallace to be TLP sports. All right, George, it's early. It's early. Especially for a sweet 16 game. A little brunch. All right. We'll make it happen. Your place. Coming up on WTO. Former president Trump has law enforcement across the
Bloomberg Radio New York
"6 points" Discussed on Bloomberg Radio New York
"Difficult dot remain for the fed in terms of what to do. All right, folks, we're getting the closing bells like here in New York, the Dow Jones Industrial Average is going to finish the day down. Roughly about three tenths of a percent is down about 80 points as we wait for these numbers to settle. The S&P 500 down about 6 points or about a tenth of a percent here on the day and the NASDAQ composite down higher by about 5 tenths of a percent here. We should point out some breaking news crossing the wire right now. This coming out of the fed that the fed is going to probe, it's supervision of SVB and release a review by May 1st. Remember folks, there's been a lot of discussion here about why we didn't know what we now know and the Federal Reserve are planning a review of this situation that will be led by the vice chair of supervision Michael Barr and that they will publicly release that report by May 1st. And guys, I mean, just not to get us off track here. But I just want to bring you back into this conversation because it's really brings up a lot of broader issues, I think, about why SVB was allowed to have such a wide liquidity mismatch in a way that would not have been allowed if you were a Citigroup or a JPMorgan or a Bank of America, those systemically important banks. I know SPB wasn't in that category. Should they have been? Well, I bet there's a little bit of a political debate going on, right? In terms of moves to expand, certainly the oversight when it comes to regulators and more of the banking sector, if you will. And there is that thinking, right? We're talking with Matt Levine. We should expect that at some point that this is going to be an expansion of regulatory oversight. Especially as we think about shadow banking, the private markets, there's a lot more that needs to be watched. Let's not forget as well that the Dodd Frank was actually watered down during the last couple of years. So maybe SVB would have fit that profile before, but after it was watered down, it basically fell out of that category. Hey, scarlet I know you're going to get too some of the sector movers. I just want to pan out the KBW bank index, the BKX, closing down 12% here on the day. Single worst day for that index going back to march 16th of 2020. And you see that reflected here in the sector performances, too, because financials, big cap financials, leading the way down for the S&P 500, which closed off by one tenth of 1%. And you see banks and insurers at the very bottom here, banks losing 7% on the day insurers losing 2.9% diversified financials off by 2%. So very much financials dragging the S&P 500 lower. On the upside, Lori calvasina was just telling us that she's somewhat encouraged by the rotation into some of the sectors like technology, for instance, a real estate and utilities Bond proxies, both doing very well up at least one and a half percent. Carol? All right, so let's get to some of the individual gainers, certainly in today's session. And what's really interesting is yeah, it's not banks, folks. It's a lot of other names, and there's some special situations, Illumina. It is top in the S&P 500 and the NASDAQ 100 soaring after Wall Street Journal report that activist investor Carl icahn plans to nominate three people to that company's board and so we are seeing some movement certainly. That name was up almost 17% in today's session. That's also good to see Jen. This was another big one, special situation, Pfizer, buying the cancer drug maker for $43 billion. So no surprise to see a pop in that target up almost 15% C gen and Moderna also atop the indices when it comes to movement to the upside. Cow and upgrading the BioTech company to outperform from market perform raising the price target on that name to one 80 from one 50, so that stock Moderna up almost 7% closing at one 47, almost one 48 in today's session, Katie. And if you look at the decliners, I mean, got to talk about the banks today because that pain was really widespread as we think about the contagion, at least from a markets perspective of SVB. So let's look at first republic bank, of course, it's another regional bank. It said on Sunday that it had about $70 billion in unused liquidity to fund its operations, but even still, I mean, you can see the shares down by the most on record. I also wanted to talk about Keith kor. It's another regional lender also in the hurt locker shares finished about 27% lower. So that is the worst decline since October 2008 and Schwab, of course, it's a brokerage firm. It also owns a bank. It's said that it has ample liquidity that did seem like it soothed investors somewhat shares have been down somewhere over 20% finished about 11 and a half percent lower. All right, let's get a quick check at yields here because what less than a week ago guys we had a two year yield above 5%. Right now it is below 4% and the drop today, 56 basis points. We haven't seen a drop on the two year yield on the basis point level like this going back to October of 2008 if you can believe it. One of the most amazing days that we've seen across equity markets and of course in the yield space as well. And now we go back to that breaking news that we just got. The Federal Reserve launching an internal review of its supervision and regulation of Silicon Valley bank after that bank's failure Bloomberg international economics and policy correspondent Michael McKee, joining us right now to talk a little bit more about this. Mike, what do we know? Well, the fed is adopting what the vice chair for supervision Michael Barr calls humility. And so they will conduct a careful and thorough review of how they supervise and regulate Silicon Valley bank. There are a lot of critics over the weekend suggesting that problems with the bank were sort of hiding in plain sight. And they should have been recognized by
AP News Radio
Chelsea wins again, Liverpool loses at Bournemouth in EPL
"Liverpool's one zero loss to Bournemouth leaves the red 6 points behind Tottenham for the final Champions League birth. Philip billing scored in the 28th minute after being teed up in the box by dongo cotera. Liverpool had a golden chance to tie it, but most salad badly missed a penalty in the 70th, sailing at way wide of the left post. This was the same team, the reds destroyed 9 zero earlier this season. The lost follows a 7 zero blowout of Manchester United and ends Liverpool's 5 game unbeaten string. The reds are one point ahead of Newcastle. I'm Dave ferry.
AP News Radio
Richarlison reacts to criticism by helping Spurs beat Forest
"Tottenham has a firmer grip on the final Champions League spot following a three one win against Nottingham Forest. Harry Kane supplied a pair of first half goals to help spurs move 6 points ahead of 5th place Liverpool, which was a one zero loser to Bournemouth. Sudden hewn men added the second half goal. Richardson had a hand in Kane's second goal. One day after manager Antonio Conte described him as selfish for complaining about playing time. Kane scored in the 19th minute, then converted a penalty in the 35th after Richardson was fouled. I'm Dave ferry.
AP News Radio
Murray scores 24 points, Nuggets rally past Raptors 118-113
"The nugget scored the game's final 6 points to defeat Toronto one 18 one 13. Denver's Jamal Murray was game high with 24 points. Great win. All business move on to the next we did what we had to do. And I think that's part of reason why we're so successful. It's moving on to the next game and take care of business. Yes, it's more of the same for the Western Conference leaders. They have now won 24 of their last 25 home games. The nuggets Nikola Jokić logged 17 points, 13 rebounds, and 9 assists to just miss his 11th consecutive triple double at home. Bruce Morton, Denver
WTOP
"6 points" Discussed on WTOP
"Decisions aren't black and white. Think red. 8 15 as we go to rob wood fork. All right, not good news for the capitals. They are trailing the Detroit red wings two to one. We are roughly midway through the second period over a Capital One arena. The Detroit red wings out shooting the caps 13 to ten. So far in this contest and one of those two goals of shorthanded goal. So even when the capitals have the man advantage, not capitalizing, the 7th ranked Maryland women just underway in a crucial contest against number 6 Iowa. Now I don't want to jinx it, but they did show that on the Big Ten network that the terps are 5 and O it Xfinity center against the Hawkeye. Steve dresner live in college park. Hopefully he's got good news for us. Plenty of time to go, rob, it's two 28 left in the first quarter Maryland women do trail Iowa 20 to 15 a very chippy game. I would just turned it over in a rough play under the basket, but the storyline of this game very up and down very physical chippy game thus far. Cheyenne sellers leading the Maryland scoring with 6 points. Now Caitlin Clark of Iowa has gotten going, she's won a two players with 6 points in the game, unfortunately Maryland shooting only 33% from the field to 20 to go here in the first Maryland trailing Iowa 20 to 15 All right, and on the men's side, two games of local interest in the second half, VCU, up ten at saint Joe's and Virginia tech. Finds themselves trailing at home against 13th ranked Miami, NFL franchise tags can be applied starting today and how about this report from pro football talk tonight. They're reporting the commanders are virtually certain to tag Doran Payne, what that means is in $18.9 million price tag for him on the 2023 season if a long-term deal is not reached before the July 15 deadline at national spring training this morning marked the first full first day of full squad workouts, a former Nat was on hand. Levon Hernandez around for players to pick his brain and the recently retired mister national Ryan Zimmerman is expected to make an appearance air in Florida at some point. Rob Woodward could leave two sports
AP News Radio
Liverpool beats 10-man Newcastle to boost EPL top-4 hopes
"Liverpool scored a couple of early goals, took advantage of a red card to goalkeeper Nick Pope and ended Newcastle 17 game unbeaten streak to nothing. The scoring came courtesy of Darwin Nunez in the tenth minute and Cody gakpo in the 17th, four minutes later, Pope was red Carter for a handball outside the box as he tried to head the ball away from a wide open mouth salad. Liverpool has back to back victory since a four game winless skid. Moving the reds into a tie for 7th and within 6 points of fourth place Newcastle. I'm Dave ferry.
AP News Radio
White's 23 points helps Celtics past Grizzlies 119-109
"The Celtics relied on their depth to beat the grizzlies one 19 one O 9. Jalen Brown was out again, and Jason Tatum had just 16 points on three of 16 shooting. But Derek white delivered a team high 23 points and Sam howser tied a career high with 6 three pointers while scoring 20 points. White scored 6 points in a 16 7 run that put the Celtics ahead by ten with about four minutes to play. Al Horford contributed 16 points to Boston's fourth straight win. John Moran had 25.7 assists in 6 rebounds from Memphis. I'm Dave ferry.
AP News Radio
Conte's return ruined as Tottenham loses at Leicester 4-1
"Tottenham moist to the chance to climb to fourth in the Premier League table by falling to Lester four one. Things look good for spurs at the start with manager Antonio Conte back in the dugout and Rodrigo Benton corps scoring in the 14th minute. But non police mendy and James Madison scored two minutes apart to put the foxes ahead in the 25th. Kolache Ian nachos added a goal just before halftime and Harvey Barnes kept the scoring in the 81st. Tottenham is two points behind Newcastle, which has a game in hand, Lester is 6 points clear of relegation. I'm Dave fairy.
AP News Radio
Arsenal stumbles again in 1-1 draw with Brentford in EPL
"Arsenal stumbled again in a one one draw with Brentford, giving the Gunners just one of 6 points over their last two games. Leandro trossard's first arsenal goal gave the host the lead in the 66th minute, but I've been Tony equalized with a close range header 8 minutes later after the Gunners failed to clear a free kick. Tony's goal was backed by a lengthy VAR check. The point leaves arsenal atop the league by 6 points over Manchester City. Brentford is 8th with 34 points, just 7 out of a Champions League slot. I'm Dave ferry.
AP News Radio
Nowell, No. 12 Kansas State finish fast, top No. 17 TCU
"The 12th ranked Kansas state wildcats one 82 to 61 over the 17th ranked TCU horned frogs. After TCU pulled within 6 points, K state finished the game on a 17 to two run, including a three point dagger by marquise Noel. It always feels good to get a win underneath my belt. Especially against the top 20 team. With 7 assists on the night, Noelle captured case state single season assist record, the wind split the series with TCU in case state is 5 and four against opponents ranked in the top 25 this season. Ian Ekland, Manhattan, Kansas
The Dan Bongino Show
Adam Laxalt: If We Don't Vote Republican, We Lose This Country
"Your opponent senator masto is a far left this is a Biden acolyte and I've been trying to drive home and drill home to the audience how important this election is tomorrow Adam I mean inflation is on the ballot The border is on the ballot This is all on the ballot tomorrow We need a check on this guy in The White House You know if we don't do this this election we're going to lose our country And no one campaigned in commit more communities across my state than I did People understand that deep in their heart We've got to have a red wave election to make sure that we start the slow process of taking back our country We certainly feel like we've done what we need to do We've run a strong race We've been on often We've continued to highlight that no matter the money they have the amount of the false attacks no matter how much media support they have or big tech support the bottom line is the voters get to decide And the voters have moved our direction the last few weeks we've been up 6 points 5 points 5 points four points in the last four polls And that's largely due to the fact that voters are in our direction There were rejecting the $100 million of negative ads and they see the portrayal that she's trying to present it to me And then they see our side which is a former navy in Iraq veteran of former top top of this state that worked with law enforcement to be safer and that campaign than with the head of the border patrol On my bus across the state that's the first time in our state's history because they know that I'm going to be strong on the border They know how important this race is and feel we're in a great position as long as the vat of voters get out on the election day We've got a lot of election day voters We are going to win tomorrow night
Bloomberg Radio New York
"6 points" Discussed on Bloomberg Radio New York
"And good morning, I'm Karen Moscow, along with Tom Keene and Paul Sweeney, stocks are lower at the open the S&P 500 down two tenths percent or 6 points at 36 58. The Dow Jones Industrial Average down to tens percent or 53 points at 30,267 and the NASDAQ down four tenths percent or 40 points at 10,569, ten year treasury down 1430 seconds yield 4.28% yield on the two year 4.56%. Nymex crude oil is up a quarter percent of 22 cents at $84 72 cents a barrel. Comic school that'll change at 1636 20 an ounce. The Euro .9770 against the dollar, the N one 51.59, and Bitcoin is down half percent in $18,900. Tom and Paul. Karen, thanks so much. And looking at the real yield yes, we got up to 1.82% cratered here, some real tension in the markets, about two hours ago, and to be optimistic that's been cleared up as well. That is the back and forth of an hour, two hours plus Sweeney. We need to look at short term as. Three years, when the New York rangers and your rebuilding, who do you call Howard ward? Howard ward joins us now with good belly. I went through my rolodex Howard and other than Mario. You're the only one in his oldest me who actually remembers stock selection given a risk free rate that was tangible is one of our guests Jim Bianco said earlier this week, do we go back to the value of individual stock selection because the rate structure is normalized? Well, I think there's something to be said to that. I think stock selection is going to become increasingly important in performance. I do want to make the point talking about a more normal yield curve is that the 1990s that was the second best decade for stocks in history. And throughout the 1990s, the ten year treasury yield was between 5 and 6% and the earnings yield hunts talks was more like 3%. Good point. And PE multiples reached a record high. So we are not at a point in terms of interest rates where we should be afraid to buy stocks. And the recent stocks are down is because rates are up. And while it takes intestinal fortitude, fresh money into this market, there are a number of good opportunities. And at some point in the next 12 months, we will be back in rally mode anticipating a recovery from what is most likely a recession. Howard, you know, first of all, the 90s were very good to me, but by the way, so I remember them fondly. But Howard, when I think of Gabelli funds, I think of you guys owning stocks for a very long period of time. And you know, I've covered the media industry for 30 years and some of the names you guys have owned them for my entire career. So if you're sitting back today, thinking about some of those good growth names out there that have been obviously beaten down because of this rising interest rate environment, as you mentioned, what are some of the sectors that you guys think are really interesting right now? Well, I can't speak for Mario. Nobody can. Let's not try. But let me sort of answer the question with my sort of growth hat on. Three leading companies that all stumbled badly in 2022 and their stock prices reflected that all three that should recover in 2023 irrespective of what happens to the economy. I think you should know all of these that very defensible prices today. And they are PayPal, Netflix, and Amazon. Large cap names, the leader in ecommerce and web services in the case of Amazon, a leading pure play on ecommerce and PayPal and the global leader in streaming, which is still not a bad thing to own. And those are three examples. And there are others. I could go on because there are opportunities out there and people are hesitant, and obviously so listening to that news recap at the start of this session, I felt like Bill Murray waking up in Groundhog Day. Right. And getting the daily update higher interest rates and lower stock prices, having said that, and we've had a lot of days like that. Having said that, the S&P is still hovering right around that June 16 low. When the tenure was at three 50, and so it did go lower as rates rose and it rallied back. And it's going to do that. You know, the data is going to be mixed, but market will be mixed. It's a grind. It's a really difficult environment. But when you talked about the long-term, I can't emphasize that enough. You've got to focus on this as an opportunity. Every pullback like this in history has been a buying opportunity, it is a very short term horizon years this bear market. You've got to take advantage of it. Don't think you're going to be smart enough to pick the bottom. Would you suggest that responsible profit making managements will use this as an opportunity to do a greater amount of share buyback? Well, possibly, Tom, I see two things that might be working against that. One is the political, the politicians are very anti buyback right now. Threatening. Well, I guess they've already imposed what is it a 1% tax or something? Buyback? But I also think that the earnings estimates for next year are still too high, perhaps dramatically so this is the most aggressive fed tightening cycle. One of the most aggressive in history, and I don't really have a lot of confidence that the fed is getting the timing right here. So I think earnings will be under more pressure than we believe today for 2023. And I think that management will pause before committing funds to buy back to big buybacks in this environment. Having said that, on the Tesla call, a couple of nights ago, they're talking about a possible 5 to $10 billion share buyback. But that's another stock that I've never talked about on an immediate before. It's down over 50% from the peak. It has a lot of earnings visibility, it's doing a great job, they're going to sell over a million EVs this year. I think that's probably a name you can buy here. If you've been again. Well, wait a minute. I mean, this is breaking news. Surveillance breaking news folks. Howard ward is on the test. Do they know that Howard words in the Tesla conference call when you're on the Tesla conference call? Did Elon quake? I don't think even though who I am, who I am. Well, you know, you mentioned Amazon. So let's say, you know, there's a change of management and they've got all their other idiosyncratic sequences that I don't understand
Bloomberg Radio New York
"6 points" Discussed on Bloomberg Radio New York
"I'm Nathan Hager stocks are fluctuating a rally in the S&P 500 as fizzled after Philadelphia fed president Patrick harker said officials are likely to raise rates to well above 4% this year and hold them at restrictive levels to combat inflation, traders are now pricing in a 5% peak policy rate in the first half of next year. That is the highest yet, Chris Harvey, head of equity strategy at Wells Fargo security says earnings can hold stocks up in the short term, but it's not like he's expecting companies to deliver much in the way of long-term guidance We're looking for forward guidance. We're looking for how the consumer is holding up. We're looking for margins. And for the most part, what we're seeing is the consumers okay, right? There's a lot of fear about the consumer, what we think the consumer is doing and what's happening with the consumer. They're being pulled further and further out on the ledge, but they're not there just yet. Margins have come under pressure, they continue to come under pressure, but they haven't cracked the way a lot of people have thought. Chris Harvey and Wells Fargo, we checked the markets every 15 minutes during the trading day on Bloomberg. The S&P 500 is now down 6 points to drop a two tenths percent at 36 88 the level the Dow Jones Industrial Average is up 56 points a gain of two tenths percent at 30,481, the tech heavy NASDAQ is up 15 points a gain of one tenth of 1% 10,695 is the NASDAQ level. Ten year treasuries down 1230 seconds yield 4.18% yield on the two year 4.58, nymex crude is higher by 1% of 89 cents at 86 44 a barrel, comic gold is up a half percent up $7 40 cents, 1641 60 the outs. Right now the Euro is trading at .9804 against the dollar the yen just shy of one 50 at one 49.9, the British pound, 1.1257 against the dollar a gain of three tenths percent. Balance of power continues on Bloomberg radio. This is balance of power on
TuneInPOC
"6 points" Discussed on TuneInPOC
"Said I couldn't get pregnant so far decent on my own. Don't give up don't ever say. Don't fall back one more. Time. One more time. Angel. 9 at 6.1. Angel. 9 is 6 point one. Angel. Oh my God. Get the soul. Sorry. What's up? Nothing wrong.
TuneInPOC
"6 points" Discussed on TuneInPOC
"Okay, so then it's gonna be a benefit in our assets. And now also when someone watches, if you decide where they are called matches, we have about weekend and quantity. What companies will buy. It would make you trust the coverage you need to have a comment. It's not just that you said I want an onto a power Premier League, bet power Premier League. 2022, 2023 season. Now, week two, now she also now automated and also I took a 120 three games and a tour from three gifts and a tour from an assembly. Now for instance, how to fuck at ten feet on a good Olympics. On my chest tube I'm not fat. Same time milani isi Milan. It had to focus versus a cracker Olympics and a one one. I just said, one more quality, I brought yep. And now that they can 89 minutes. 8 minutes. Not just that we can't see any chassis. And get the Olympics. You see razak at watana, not a 9 minute nakasa Baku. 90 minutes number. It designed and acquired. Am I real tamale united RTU? Because I share two goals and a coffee asthma at a barco pistol. Real tamale united. Tamara city. What did I fear? Went to me auntie, 77 minutes strike. I brought up an amateur Rahman, Ahmad Rahman, and a Twitter and legon city's aquae. And. Two other students and so yeah, they're going from the amount. I'm FC. One more at ten. And then acrylics. And so ultimately, a kind of an FC. Week two. You know, sana and also Etienne. Clap. About two games or 6 points, dreams, about two games or 6 points, get Olympics, I bought two games on four points, but a group of Chelsea I would get to the point to about one game. How to focus. One more adapt. Tattoo positioning. We're going to call the answer because I feel quite good. But half about two games, a draw, and one 89 L one point plus and as a minus one go. It's done and.
TuneInPOC
"6 points" Discussed on TuneInPOC
"Said I couldn't get pregnant so far decent on my own. Don't give up don't ever say. Don't fall back one more. Time. One more time. Angel. 9 at 6.1. Angel. 9 is 6 point one. Angel. Oh my God. Get the soul. Sorry. What's up? Nothing wrong.
Bloomberg Radio New York
"6 points" Discussed on Bloomberg Radio New York
"And at Bloomberg quick tape. This is a Bloomberg business launch. From Bloomberg world, headquarters, I'm Charlie pellet stocks of narrowed their losses. We are now looking at a 6 point decline in the S&P 500 Index down one tenth of 1%. It is a down day after Friday's massive sell off right now the S&P is at 4052. The Dow, lower by 24 points down by about one tenth of 1%, the NASDAQ slump continues down now by 55 points, a drop of .5%. Stocks are falling treasuries are slumping as traders recalibrate calibrate their expectations in response to the Federal Reserve indicating that it will continue to raise interest rates to tamp down on inflation. At one point today we did have the S&P down by 1% right now again, it is down by one tenth of 1%. Fed chair Jay Powell's speech during the Jackson hole symposium had made it clear that a dovish pivot that some investors had been positioning for was unlikely. He also warned of the potential for economic pain for households and businesses as the Central Bank continues to be aggressive to battle inflation. Leafs Erickson is head of traditional investments at U.S. bank wealth management. She was interviewed this morning on Bloomberg television and radio. Well, certainly a chair pal and all the other fed speakers have been very resolute in their stance saying that they continue to need to bring price pressures down. So we do expect this resolute
Bloomberg Radio New York
"6 points" Discussed on Bloomberg Radio New York
"The Premier League table over Liverpool where I played one less match City will win the league with a victory over Aston Villa next Sunday Elsewhere Tottenham has moved into fourth place in the league with a one zero one at home over Burnley with Harry Kane scoring on a penalty and stop each time in the first half Looking at La Liga Barcelona has claimed second place in the league behind Real Madrid with a scoreless drawing get the fame The Boston Celtics have overcome a 6 point deficit leading into the second quarter to knock off the Milwaukee Bucks one O 9 to 81 in Boston to advance the Eastern Conference Finals Grant Williams leads the Celtics with 27 points and 6 rebounds while Janis entered the kumbo scores 25 points of post down 20 rebounds in the laws In the Western Conference it's a Phoenix Suns hosting the Dallas Mavericks in a game 7 with the winner moving on to face the Golden State Warriors in the Conference Finals And the schwarzman that your Bloomberg world sports op a Markets headlines and breaking news 24 hours a day At Bloomberg dot com the Bloomberg business app And at Bloomberg quick tape This is a Bloomberg business flash We're keeping an eye on the semiconductor stocks across the Asia Pacific after a rally in the Philadelphia semiconductor index here in the states on Friday We were up by more than 5% right now inside the nikkei overall information technology is leading an advance of about 1.3% in the benchmark and then if you go beneath the headlines semiconductor shares right now better by more than 2% in the Tokyo session Wholesale inflation in Japan a little hotter than forecast last month the producer price index was up 10% in April year on year The street was lonely looking for a gain of around 9.4% the end continues to weaken here at one 29 45 against the dollar after falling in the New York session Friday by about 7 tenths of 1% against the dollar The Yan giving back another two tenths of 1% install the cost is higher by about a half of 1% mentioned the chip stocks earlier Samsung shares right now better by about 9 tenths of 1% In Sydney the ASX 200 is ahead by a half of 1% In about an hour from now China will likely set its medium term lending facility rate some economists are expecting a modest reduction and also in about an hour and 42 minutes from now we'll be getting some that's two hours and 42 minutes from now I should say key eco data points for China including retail sales factory output and fixed asset investment We have got market holidays today in Singapore Indonesia Thailand and Malaysia More on markets in 15 minutes Denise Pellegrini and X with a look at global headlines Denise Thank you Doug and some good news on the COVID situation in Shanghai We've been talking about health officials reporting no new COVID cases communities spread no new cases community spread for a second day in a row A gradual reopening is taking place in Shanghai starting.
Bloomberg Radio New York
"6 points" Discussed on Bloomberg Radio New York
"Rather let's get to world sport with Dan Schwartzman Dan's looking at Barcelona staying red hot with another win And I'll tell you what looks like they hired the right manager in zombie Hernandez the legendary midfielder of course They come from behind with a two to one winter L chain Memphis to pay scoring the winner in the 84th minute on a penalty as bars remains in third place the league table Meanwhile Atlético Madrid they stay in fourth place a three to one win at real batiste In the Premier League Manchester City extending back to 6 point lead in the league table over Liverpool a four to one win over Manchester United both Kevin De Bruyne and Riyad Mahrez scoring a brace Red Devils falling to 5th place in the table as arsenal leapfrog's man U for the three to two win over Watford Gabriel Martinelli scoring the winner in the 52nd minute Let's look at Italy as Juventus gets past festival one mill east and on knocking off Natalie one zero Juventus and the United States men's national team midfielder Weston mckenney is going to miss the rest of the season due to broken foot suffered the last month's Champions League round of 16 match against Villarreal the 23 year old's gonna miss the U.S.'s final World Cup qualifying matches as well Those are against Mexico Panama and Costa Rica Julius Randle the Knicks has been fined $50,000 by the NBA This after shoving Cameron Johnson the Phoenix Suns on Friday as well as bumping a referee during the altercation Randall also refused to participate in the league's investigation into the incident NBA scoreboard local teams in action Boston at home knocking off the Brooklyn that's one 26 to one 20 Nixon action in the late game tonight there on the road at the clippers NHL scoreboard one 20 to go in the first period in Winnipeg the rangers out in front of the jets It is two to nothing earlier and overtime devil's beating St. Louis three to two Major League Baseball Players Association delivering a counter proposal to owners that includes minimal changes to their current position as the lockout has unfortunately extended into its 95th day I'm Dan Schwartzman that's your Bloomberg world sports update Juliet.
Bloomberg Radio New York
"6 points" Discussed on Bloomberg Radio New York
"From Bloomberg world headquarters I'm Charlie pellet 13 minutes to go ahead of the closing bell route in tech shares dragging stalks from records on concerns higher interest rates will devalue their profits Right now we have got the S&P 500 Index up 6 points that is a gain of one tenth of 1% The Dow Jones Industrial Average holding onto a gang of 292 points up 8 tenths of 1% on track for a record close NASDAQ has plunged 188 points to drop right now of 1.2% for the NASDAQ composite index the NASDAQ 100 index also lower by 1.2% Ten year yield 1.65% we've got spot gold up 7 tenths of 1% 1814 yams while West Texas intermediate crude is up 1.3% 77 O 5 for a barrel of WTI Briefly according to Goldman Sachs Bitcoin will continue to take market share from gold as part of a broader adoption of digital assets making the often touted price production of $100,000 by advocates a possibility this according to Goldman Sachs Bitcoin right now 46,353 upright now by 8 tenths of 1% I'm Charlie palette That is a Bloomberg business flash Thanks so much for that update Charlie pellet It's three 48 on Wall Street The following is an editorial from Bloomberg opinion This editorial was written by the Bloomberg.
KPRC 950 AM
"6 points" Discussed on KPRC 950 AM
"To the show. This is Keith composed to the real estate guru Kprc 9:50 A.m. area that people are moving to and in all of Texas is full, sir. Out by Katie. Why are they moving to full? Sure, Because full shirt has space, and people want to go somewhere where they can have some space. A bigger home possibly be on one level versus everything in the city is now multi level and when they're out in the bullshit area, they can have a big home. They can have space for an office. Kids can run around big yards. So that's why City places like full shirt and these other areas are growing so quickly. This is Keith composed to the real estate guru kprc 9:50 A.m.. I'm here. I have the pleasure of speaking with Darren Smith with flagstone mortgage and we're talking about the mortgage business. And why it's his firm. Make a difference. I had the pleasure of referring a client. Uh, Jesus a week or two ago. I think it was this past month. Anyway to Darren. She was looking for a loan. Keith, tell me where I can get someone that can help me out. And I pushed her over to Darren. Tell me why that worked for her and for you. Two things that drive up businesses price and, uh, responsiveness, so we were able to take her application. Um, online in a matter of 10 minutes, and I was able to upload that into our software system, pull her credit analyzer income and then get her A, um Pre approval letter out and a fast quote on the raid. So That was helpful for her in order to make an offer. It was helpful for her, and it was helpful for helpful for me because that's the way we tied up the property. Most people don't realize. But when you go in and make an offer on a home, it's one thing to make an offer. But if you're the seller, you want to make sure someone can actually buy that property. So for her to have that pre approval letter from Darren so quickly. That's what swung the deal and helped us get in position Number one, and we put the contract in and offer was accepted. Whatever you did, I mean, that you stood out from others because she's working with other people and buying homes. Heck, I just helped her by her current home a year ago Now it's gotten too small for in a year, But at any rate, whatever you did touch her buttons because she immediately reached back to me and said, Hey, Daryn, Daryn really helped me out. He got me the best rate I've got really appreciate you sending me that lender. Yeah. Unlike some of the other large institutions, you know, we're small boutique firm and we tried to be, uh, as responsive as possible in order to facilitate with the client needs and get their preapprove order and good right now. Do you do hard money lending? Yeah, we do do hard money lending That's based upon The asset of the property. A lot of times we have clients that Hey, maybe there are asset rich, but Liquidity Pour in the sense that they don't have the money to do the deal and they have bad fight. Go scorer. They don't have the income needed to prove conventional financing. So this is an alternative for a lot of our clients, For example. Let's say the property is worth a million dollars. We'll all end up to 65 or 75%. Okay, but you've got to be willing to pay because it's super expensive to do these types of loans anywhere from 4 to 6 points and 12 to 14% interest rate. So you got to be cognizant. If this is what you want to do. It is an option over, uh, conventional financing. And what about, uh, there's a term T I n tax identification number. Can someone come to you with the tax identification number and get alone? Yes, we provide this type of loans as well. So they don't have a So security number they have what's called a tax identification number. They're usually born nationalists that had these and, uh but again those required 20 or 30, or sometimes 40% down as well. It's it's Yeah, it's surprising in the sense that you have to have a lot of liquidity. In the deal. Well, I've had some clients that I've had for that. So now I know where to send them. Uh, but they have the money. They have the property identified that they want to buy. So it actually paying it off. I think maybe your term may be shorter than a normal 30. Years can or something you can still get, you know, 10 2015 years 30 type. Takes Amor dies loans on those again but they're just going to add to put up 2030 or 40%, and if they want to pay it off, they can pay it off early without any pre payment penalty. That's normally my client's position. They want to pay it early. They have the money today. They're in a good business. They're doing well. So they want the ability to get alone which is tough to do conventionally. They need people like you right because they don't have a social security number right here in the state you need in order to pull try merger credit report. Wood said then is indicative of what your rates going to be. OK. Okay, well, they need people like you a flagstone because that's what's that's what's helping drive them and get their business going. They want to buy more and more properties. They just the conventional we're out is not what they had. They can find. I understand that we're here to help them again. We're being there. 20 years and locally owned and located in the gallery of Great, So that's Darren Smith with flagstone mortgage. You want to reach out to Darren? Go to our website or go to flagstone mortgage dot com. You want to reach out to Darren?.