31 Burst results for "7 States"
Coin Stories with Natalie Brunell
A highlight from News Block: FASB Change Bullish for Bitcoin, Surging Oil Prices, America's Savings Slump, FTX Liquidations & Ripple Acquires Fortress
"Welcome to the CoinStories news block. I'm Nathalie Brunel and in the span of just 10 minutes, roughly the same time it takes to mine a new Bitcoin block, I'll provide you with concise, insightful updates on Bitcoin and the global financial landscape so you're well informed on the week's top stories. Everything you need to know, in one place, in one block. Let's go. Fair value accounting is officially coming to Bitcoin and this development could mark a turning point for the adoption of Bitcoin at the corporate level. The Financial Accounting Standards Board, better known as FASB, voted unanimously to adopt new rules that would require businesses to report their Bitcoin holdings at fair value, meaning at the current market value. This is a major improvement that will allow companies to recognize both losses and gains on their Bitcoin holdings, just like other financial assets such as stocks and bonds. Prior to this recent FASB decision, companies had to treat Bitcoin as an intangible asset and the way those are reported require the company to record the price it originally paid for the asset, so in this case Bitcoin, and then reassess the value each quarter. If the asset value goes down during that time, the company has to mark the loss on its balance sheet. This is called an impairment loss. But if the value of that asset increases during that time, companies cannot mark the value of the asset back up, so they get hit with all the price drops and don't get to benefit from any of the price gains. And for an asset as volatile as Bitcoin, this has made holding it very prohibitive for companies. When companies have to mark down the value of an asset on their balance sheet, it negatively impacts their earnings report, and earnings often drive a company's stock price, valuation, and overall performance. This problem prompted Bitcoin industry leaders to request that FASB create new rules that would require businesses to use fair value accounting. After FASB declined this request on three separate occasions, it is finally voted to change them. Businesses holding Bitcoin will now get to mark their Bitcoin holdings when the price goes up and down during a quarter, eliminating some of the impairment losses on their balance sheets, and allowing them to more accurately report the value of their Bitcoin. The new FASB rules will become mandatory for all private and public companies beginning in 2025. What used to be a barrier of entry for companies considering buying Bitcoin is now close to becoming a thing of the past. And it's developments like this in the bear market that lay the foundation for the coming bull market. Okay, so soon it will be easier for corporations to put Bitcoin on their balance sheets, and many will need to as we enter what many analysts believe will be a more inflationary decade. A major factor that will influence the inflation picture moving forward is the price of oil, and lately it has been surging. Crude oil is up nearly 25 % in the last three months alone and recently hit a 10 -month high. One reason for the price increase is the combination of increasing demand and falling supply. Last week, OPEC +, the organization of the petroleum exporting countries led by Saudi Arabia and Russia, announced they will extend their production cuts until the end of the year. This latest OPEC Plus announcement comes as global oil supply is at the lowest level since 1985. At the same time, world oil demand recently exceeded pre -pandemic levels and continues to rise. If the demand is rising and supply is dropping, the price will likely continue to go up. And oil is strongly correlated with CPI inflation because it is an important input in nearly all sectors of the economy, from the direct production of goods to transporting them and helping power global supply chains. And when oil prices rise, gasoline prices at the pump typically follow suit, and that's exactly what we're seeing today. The cost of gasoline is a significant expense for households, and prices at the pump have increased year over year for the first time since February 2022. This latest surge in the price of gasoline doesn't bode well for the White House or the Federal Reserve's fight against inflation. Last time gas prices rose, the White House fought that increase by draining the Strategic Petroleum Reserve to levels not seen in 40 years. And that's our nation's stockpile of oil reserves, meant to be used in case of emergencies. Now the SPR remains depleted, with gasoline prices rising once again. The price of oil remains an X factor in the inflation picture. If these supply and demand dynamics do not improve, we could be entering a period of sustained higher inflation, and in that environment, owning scarce hard assets like Bitcoin is one way investors could potentially protect their savings. And speaking of savings, U .S. households badly need the ability to save and store value into the future. Saving rates are at the lowest level since the global financial crisis. Despite this, people are still out there spending, even though things are getting more expensive. Credit card debt is now at record levels, and the average interest on those credit cards stands at a ridiculously high 28%. This is a worrying trend, and this only serves to increase the fragility in the overall financial system. People are putting things on credit cards because the level of excess savings accumulated during the pandemic has been dwindling. During and even after lockdown, stimulus checks and various fiscal programs sent money directly to consumers, resulting in about $2 trillion in excess savings for U .S. families. This cushion was super useful, especially as the cost of living began to soar over the last three years. But that cushion has been deflating. Households have steadily drained their excess savings for 23 straight months, and now, if the current rate holds, the Federal Reserve Bank of San Francisco expects these savings to run out in the current quarter. If we reach a point where these savings run dry, what happens next? More than half of respondents in a recent Bloomberg survey expect personal consumption to shrink by early 2024. This isn't great news for a consumer -driven economy and, ultimately, for employment. It has never been more evident that these households desperately need a money that holds its value over time and cannot be inflated away. And finally this week, let's touch on some crypto news affecting Bitcoin. Bitcoin's price remaining volatile, dropping back down toward $25 ,000. Some analysts are speculating this is related to fears over a potential liquidation of more than $550 million in Bitcoin connected to the FTX bankruptcy. On September 13, the U .S. Bankruptcy Court will decide whether or not to grant approval for FTX to liquidate billions worth of assets, including everything from cryptocurrency tokens to Bitcoin to beachfront real estate in the Bahamas. Many are speculating that FTX will obtain the green light. In July, FTX stated its intent to repay customers through a liquidation of its assets, so Bitcoin's recent price action could be related to the market beginning to price in this scenario. Another story that is increasing fear in the market is related to cryptocurrency custodian Fortress Trust. Surprising news came out last week that Fortress will be acquired by Ripple Labs, the issuer of XRP, for an undisclosed amount. The question became, why did Fortress sell now? News outlet The Block reported Monday that acquisition talks accelerated after it was revealed that Fortress client funds may have been compromised in a security breach involving a third -party analytics vendor. Fortress reported the incident in a string of tweets on September 7, stating that four Fortress customers were impacted by a security incident, but that no funds were lost. A spokesperson from Ripple told The Block that despite the security incident, the opportunity to buy Fortress made sense for Ripple in the long term, adding, Luckily, Ripple was in a position to act quickly to step in and make customers whole. That statement contradicts what Fortress has said publicly. So was there no loss of client funds as Fortress claims? And what would have happened to Fortress if Ripple had not been ready and willing to acquire the custodian? Now listen to this. BitGo CEO Mike Belshe summarized what happened on X, saying, When Fortress lost funds, they chose to omit facts about what happened, downplay the event, and conclude, most importantly, no funds were lost. Obviously, we now know this was not true. I guess what they meant to say is we believed we fixed the problem and we have taken steps to make sure clients are made whole, but those two statements are not even close to being the same. Now this situation certainly raises a lot of questions. In the aftermath of other high -profile cryptocurrency exchange and custodian bankruptcies, the market's appetite for this kind of news is extremely low. Some of Fortress' clients, including Bitcoin -only exchange Swan, confirmed that their customer's Bitcoin remains in insured cold storage wallets and did not move during this incident. Now we are still waiting for the full details of this acquisition and what exactly happened, but this serves as another important reminder of what can happen when investors trust third parties with their Bitcoin. We will say it again and again, not your keys, not your coins. Taking self -custody of your Bitcoin is the only bulletproof way for you to know with certainty that your Bitcoin is safe and free from counterparty risk. That's it for the News Block, your weekly Bitcoin and economic news update. I'm Nathalie Brunel. Make sure you're subscribed to Coin Stories so you never miss an episode. This show is for educational purposes and should not be construed as investment advice. Until next time, keep stacking.
WTOP
"7 states" Discussed on WTOP
"The proactive way to prevent bad shootings, a suicide and other forms of gun violence. It's the final piece of legislation signed in an 11 Bill gun safety package that advanced by state Democrats or was advanced by state Democrats after the February shooting at Michigan state university. Michigan is the 21st state to put a red flag law into place. It's a not guilty plea for Brian coburger, the man accused of killing four university of Idaho students, but he did not enter the plea himself. The judge entered a not guilty plea on his behalf and let the 28 year old criminology graduate student know he could face the death penalty. Life in prison or the death penalty. Prosecutors accused coburger of stabbing Madison mojin, xana KAR Nodal, Ethan Chapin, and Kayleigh Gonzalez at a home in Moscow, Idaho in the early morning hours of November 13th. CBS News correspondent Don your back is reporting the trial is set for October. Three western states have reached a deal to protect the drought stricken Colorado River, agreeing to cut back on their water use. A wet winter out west is expected to boost reservoirs on the river, but long-term the federal government is worried they could drop so low that water would no longer flow through massive dams, choking off the water supply to cities, including Phoenix and Los Angeles. The Colorado provides drinking water for 40 million people in 7 states, and is used to irrigate millions of acres of farmland. Correspondent Ben Tracy, under the plan, the federal government would pay about $1 billion to Arizona, California and Nevada, if they temporarily use less water. Coming up tonight after traffic and weather have Zoom meetings gone away and what about the need for office space? Stay with us. New crispin refreshing Heineken silver has only 3.2 grams of carbs, 95 calories, and a taste that has no bitter endings
WTOP
"7 states" Discussed on WTOP
"Shootings in the U.S. have been carried out by teenagers. And a Maryland congressman is proposing a higher age requirement for legally purchasing a semi-automatic rifle. Mitchell Miller. Today on the hill. The 19 children and two teachers killed last year and you've all Texas were shot by an 18 year old. A gunman in a buffalo mass shooting was also 18. Maryland democratic congressman Glenn ivy, a former prosecutor, is proposing raising the required age for the purchase of a semi-automatic centrefire rifle from 18 to 21 nationwide. This built alone won't fix the problem of gun violence, but we know that inaction will not stop the mass killings. Still, it's unlikely that Republican controlled House will move ahead on new gun restrictions. 7 states now have a 21 year old purchase requirement for semi-automatic rifles. They do not include Virginia or Maryland. On Capitol Hill, Mitchell Miller WTO. President Biden's labor secretary nominee Julie Sue has passed muster in a Senate committee and will face a confirmation vote by the full Senate. These Senate health education labor and pensions committee moved her nomination along in a party line vote. But Sue's confirmation is still in jeopardy. Several Democrats are still withholding support in a closely divided Senate even though she was previously confirmed as the deputy labor secretary. Business groups critical of her record leading California's Labor Department are also a not in her corner. Coming up on WTO, why the UK denying Microsoft chance to spend $69 billion is a big deal. We'll talk about it in the minutes ahead of three 43. KBR is highly experienced and highly cleared team is ready to solve today's challenges while preparing for tomorrow's threats. For more than 50 years, KBR has been trusted by the Department of Defense and Intel community to provide mission
Northwest Newsradio
"7 states" Discussed on Northwest Newsradio
"Train derailment investigators fall ill all ahead on America in the morning. It's 7 after the hour and a deadly weather weekend for parts of the Midwest correspondent Clayton Neville tells us dozens of tornadoes were confirmed across multiple states and the death toll is still being counted. He was a string of tornadoes that brought devastation and images of damaged homes and uprooted trees and Little Rock Arkansas fire chief Dell phone Hubbard said we've responded to overturned vehicles, heavy damage to residential and businesses in that community, along with down trees, down power lines, ruptured gas lines. A number of people were killed in Arkansas, where storms ripped through small towns and bigger cities like Little Rock. The state's governor, Sarah Huckabee Sanders. Our Kansas are tough, and we are resilient. And no matter what comes our way, we will get back up the next day and keep moving. Tornadoes touchdown well beyond the borders of Arkansas, a twister caused a deadly roof collapse at a theater in Belvedere, Illinois, outside Rockford, and more than a dozen people were killed in Tennessee as trees collapsed on homes. Just a very broad part of the country that was subject to severe weather. Forecaster Jared guyer with the national weather service told The Associated Press that there were early reports of tornadoes in at least 7 states. We've had more than 65 reports of tornadoes, but that's a very preliminary number and subject to change. And local national weather service offices will be out investigating the tornadoes. Indiana saw deadly tornadoes and storms were also reported in Wisconsin and Alabama, parts of Mississippi were hit again after a tornado killed dozens there late last month. Multiple tornadoes also confirmed in eastern New Jersey. The storm brought severe weather to Oklahoma and Texas on Sunday, and as it heads back north, blizzard warnings have been posted by the national weather service for reports of the northern plains, at least a foot of snow expected from Wyoming into portions of the dakotas in northern Minnesota. I am Clayton Neville. 9 after now, a number of media organizations are asking a judge to unseal the indictment against Donald
AP News
"7 states" Discussed on AP News
"AP news for this Saturday, April 1st, I'm Jackie Quinn, devastation in communities throughout the south and Midwest, as dozens of twisters barreled through, striking 7 states and taking more than a dozen lives. Joanna mcfadden was at a nail salon in Little Rock, Arkansas, when a twister hit there. Ran to the back, we hunted together, and we pray for our lives. Homes and stores were destroyed, including a tropical smoothie cafe. But we all made it into the bathroom. One person was killed in Little Rock, at least four in win Arkansas. In western Tennessee, 7 deaths reported and three in Sullivan, Indiana. In Belvedere, Illinois emergency management coordinator danza card says a theater roof collapsed, killing a man inside the concert hall, where hundreds had gathered for a performance. He was under the debris that fell in some of the concert goers drug him out of there. Audio courtesy of WLS TV. Forecaster say about 65 tornadoes roared through the country In Florida, a missing child has been found after his mother was killed in St. Petersburg, police say the child's body was in the mouth of an alligator that officer shot and later killed. Gas prices are on the rise around the nation, the triple-A says the average price is now three 50 a gallon with increased demand in warmer weather. Pope Francis is out of the hospital after being treated for bronchitis this week, our Karen Chammas reports. As he left the hospital, jaundice asked how he was feeling, I'm still alive, he quipped. The 86 year old pontiff was hospitalized at gemelli polyclinic after he experienced breathing difficulties. A Ukrainian court ordered the house arrest of a leading orthodox priest, accused of condoning the Russian invasion of Ukraine. This is AP news. The Catholic Church and indigenous people. I'm Walter ratliff with the religion minute. This week, the Vatican tried to heal its relationship with native tribes in North America by rejecting the doctrine of discovery based on 15th century decrees that legitimized the colonial era seizure of native lands. This goes beyond land. Michelle Shenandoah is a Professor of indigenous law at Syracuse university. She says the Vatican's rejection of the doctrine should prompt governments like the United States to address past abuses. Native groups have called on the Vatican to formally rescind the papal bulls that provided the Portuguese and Spanish kingdoms, the religious backing to expand their territories in Africa and the Americas for the sake of spreading Christianity. Truly, it has been decades that indigenous peoples have been asking for attention to this. Father David McCallum says the Pope's visit to Canada last year opened up a new opportunity to address the church's
AP News
"7 states" Discussed on AP News
"I'm Jackie Quinn. AP news for this Saturday, April 1st, I'm Jackie Quinn, devastation in communities throughout the south and Midwest, as dozens of twisters barreled through, striking 7 states and taking more than a dozen lives. Joanna mcfadden was at a nail salon in Little Rock, Arkansas, when a twister hit there. Ran to the back, we huddled together, and we prayed for our lives. Homes and stores were destroyed, including a tropical smoothie cafe. But we all made into the bathroom. One person was killed in Little Rock, at least four in win Arkansas. In western Tennessee, 7 deaths reported and three in Sullivan, Indiana, in Belvedere, Illinois emergency management coordinator danza card, says a theater roof collapsed, killing a man inside the concert hall, where hundreds had gathered for a performance. He was under the debris that fell in some of the concertgoers drug him out of there. Audio courtesy of WLS TV. Forecaster say about 65 tornadoes roared through the country. In Florida, a missing child has been found after his mother was killed in St. Petersburg, police say the child's body was in the mouth of an alligator that officer shot and later killed. Gas prices are on the rise around the nation, the triple-A says the average price is now three 50 a gallon, with increased demand in warmer weather. Pope Francis is out of the hospital after being treated for bronchitis this week. Our Karen Chammas reports. As he left the hospital, jaundice asked how he was feeling. I'm still alive, he quipped. The 86 year old pontiff was hospitalized at gemelli polyclinic after he experienced breathing difficulties. A Ukrainian court ordered the house arrest of a leading orthodox priest, accused of condoning the Russian invasion of Ukraine. This is AP news. The Catholic Church and indigenous people. I'm Walter ratliff with the religion minute. This week, the Vatican tried to heal its relationship with native tribes in North America by rejecting the doctrine of discovery based on 15th century decrees that legitimized the colonial era seizure of native lands. This goes beyond land. Michelle Shenandoah is a Professor of indigenous law at Syracuse university. She says the Vatican's rejection of the doctrine should prompt governments like the United States to address past abuses. Native groups have called on the Vatican to formally rescind the papal bulls that provided the Portuguese and Spanish kingdoms, the religious backing to expand their territories in Africa and the Americas for the sake of spreading Christianity. Truly, it has been decades that indigenous peoples have been asking for attention to this. Father David McCallum says the Pope's visit to Canada last year opened up a new opportunity to address the church's
WTOP
"7 states" Discussed on WTOP
"And your lawn furniture this weekend because of fierce winds in our region as Chad was just mentioning. Meteorologist Mike sniffer says a high wind warning for much of the WTO listening area is in effect and some of those winds could be damaging. As a squall line comes in from the west of anything that could blow away, bring that in because we could see wind singing over 60 miles an hour at times. And the threat of high winds will stay with us until about 9 or 10 o'clock this evening. And of course, you can stay with traffic and weather on the 8s. A monster storm system roared through the nation's midsection, killing at least 21 people. The storms collapse the theater roof in Belvedere, Illinois. There's been one confirmed death here at Belvedere, Illinois after last night's severe weather, the Apollo of theater that had been built back in 1921 was hosting a couple of bands in between sets around 7 30 local time, the severe weather came through, and most of the structure of the theater had collapsed the front awning was blown apart. There's heavy debris outside on the street and now cranes have come into town to help clear the debris. In building your Illinois, Steve dresner, WTO news. Now this sprawling storm system also brought wildfires to the southern plains and blizzard conditions to the upper Midwest, investigators are surveying damages of tornado touchdowns possible that possibly dozens of tornadoes across 7 states. Now to political news, former president Donald Trump is expected to be arraigned Tuesday in a criminal court in Manhattan. CBS Robert Costa says, as the criminal prosecution of the former
WTOP
"7 states" Discussed on WTOP
"I'm sandy kozal, Acacia James is our producer. The top stories we're following for you today all throughout the WTO listening area, you should be prepared for a very windy evening. There's a high wind warning and effect until midnight. WTO meteorologist Mike stenner has a warning for those planning to travel today. If you're traveling by air this afternoon, keep in mind that there are some delays at some of the hubs in the northeast, thanks to some gusty winds and some rainfall. And that will be the case this afternoon, even though it will be sunny across a bunch of the region for the next several hours, some of our hubs, especially in the northeast, we'll see some wind and rain this afternoon. So there will be some delay, so do check with your carrier before you head out and all of us will see some delays this evening as a squall line comes through with some wind and some heavy rain. And stick with us at WTO P for traffic and weather on the 8s. A monster storm system roared through the nation's midsection, killing at least 11 people, possibly dozens of tornadoes touched down in the rather during the night across 7 states. The storm's collapsed a theater roof during a heavy metal concert in Belvedere, Illinois, WTO P Steve Dresden, reports on Skype. The Apollo theater was built in 1921. The show was going on last night, the winds possible tornado came through about 7 30. The person who was killed head structure collapse, it could have been a lot worse. People were mingling between band sets, but until the national weather service comes out to assess the damage, we still don't know what kind of event it is or was rather. The sprawling storm system also brought wildfires to the southern plains and blizzard conditions to the upper Midwest. Former president Donald Trump is expected to be arraigned on Tuesday in a criminal court in Manhattan. CBS Robert Costa tells us the NYPD is ready for this legal proceeding. The first criminal
WTOP
"7 states" Discussed on WTOP
"Kuiper CBS News. This latest round of deadly weather just hours after President Biden went to see that destruction left by the tornado that hit Mississippi a week ago, he promised the government will help that area recover. Not a Manhattan where security is being beefed up around the courthouse and district attorney's office and Trump Tower. The reason says correspondent Bradley Blackburn former president Donald Trump is expected to surrender to authorities in New York on Tuesday, following his indictment by a Manhattan grand jury. There will be no plea deal, according to his attorney. This is a case that would not have been brought against another individual in this country if his name wasn't Donald Trump. CBS News has learned Trump will not be handcuffed, but will have his fingerprints and mugshot taken just before the arraignment. Sources say the indictment could include about 30 counts related to the alleged falsification of records involving hush money payments made to stormy Daniels in 2016. Therefore fort Campbell in Kentucky. The military has identified the 9 crew members killed Wednesday when two army Black Hawk helicopters collided over Kentucky. They ranged in age from 23 to 36 and were from 7 states, a special military investigative team was sent to the scene to find out what caused the crash. Correspondent Nora O'Donnell in Nashville family and friends gathered to remember 9 year old Evelyn dickhouse, the first funeral for victims of the shooting at the covenant school correspondent march rossmann was there. Grief came dressed in pink and another joyous colors Evelyn dickhouse loved. Her family described Evelyn, all of 9 as whip smart, a world class snuggler. And everyone's safe space. Clay offer the dickhouse family pastor. Evelyn is a very special little girl. She is a shining light. Beacon of joy. Wall Street closed higher. This is CBS News. Med
AP News Radio
Probe of deadly Black Hawk crash underway in Kentucky
"The military has released the identities of the 9 soldiers killed during yesterday's Black Hawk helicopter crash in Kentucky. They ranged in age from 23 to 36, man came from 7 states from New Jersey to Florida to California. They were the 9 soldiers aboard the two black hawks from Ford Campbell's 101st airborne division that crashed during a nighttime training exercise. The armies deadliest training incident in 8 years. The division's commander says their losses will reverberate for years. A military air safety team from Alabama is investigating what led to the crash, Sagar Meghani, Washington.
WTOP
"7 states" Discussed on WTOP
"In 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 P that's 8 6 6 three O four WTO. Three 36, good morning. GOP lawmakers have overridden a veto this week of a transgender Bill in Kentucky. Republican lawmakers in Kentucky have swept aside the democratic governor's veto of a bill, regulating some of the most personal aspects of life for transgender young people. The bill bans access to gender affirming healthcare and restricts the bathrooms they can use. The Kentucky Senate voted 29 to 8 override the veto, a short time later, the state house completed the override on a vote of 76 to 23 after the legislative defeat, the American civil liberties union of Kentucky says they'll mount a legal challenge. I am Lisa dwyer. Whilst Virginia has overhauled its marriage laws for teenagers, the bill signed by governor Jim justice Wednesday, band's marriage for those 15 and younger, 16 and 17 year olds can still marry, but we'll need parental consent, and they can not marry someone more than four years older. Previously, any minor could marry with the judge's waiver, the minimum age, now is 17 in Maryland 18 in Virginia in the past 5 years, 7 states have set the minimum age for marriage at 18. Out western Los Angeles 7 California highway patrol officers have been charged with involuntary manslaughter in the death of a man who was barely pulled over for driving under the influence. The incident took place in March 2020. Have a seat and provide your own. 38 year old Edward bronstein, a nurse, was pulled over. He was taken to a highway patrol station where he allegedly resisted and
WTOP
"7 states" Discussed on WTOP
"Coworkers are remembering the 6 people shot to death at a Christian elementary school in Nashville this week. Pastor Jim bachman was friends with custodian Mike hill. Everybody loved Mike knew the kids in the school knew their names and took a very personal interest in them. Governor Lee says his wife had planned a dinner date with her best friend, substitute teacher Cindy peak, who was gunned down to Monday. Three children were also killed. Huntsville, Alabama, Tommy battles, as one police officer was killed, another critically wounded after they responded to a 9-1-1 call of a woman shot. This is one of those times when there aren't words, words to express our sorrow, words to express our support for our law enforcement officers. The suspect is charged with capital murder. A powerful weather system from the gulf of Alaska is pushing into Northern California. CBS meteorologist David Parkinson. This atmospheric river that is going to bring some damage to California is going to bring a whole lot more damage as it moves east and into the midsection of the country. We've got at least 7 states under threat for severe weather on Friday and this is the one that we're watching. It includes portions of the south that were so devastated last Friday, so 7 days apart for these severe weather events. Group of women average age 73 who claimed Switzerland isn't doing enough to slow climate change or taking their suit to the European court of human rights. CBS Vicki Barker is the first time the European court will consider the impact of climate change on human rights, the women have already lost their case in the Swiss courts. The Dow is up 251 points. S&P ahead 40. This is CBS News. CBS News is brought to you by Paul Gauguin cruises, artfully authentic, all inclusive year round cruising to Tahiti in the South Pacific, visit PG cruises dot
Bloomberg Radio New York
"7 states" Discussed on Bloomberg Radio New York
"The Senate is passing the annual national defense authorization act. The $858 billion bill is now headed to President Biden's desk for a signature in time to meet the yearend deadline. It gives over $40 billion more for defense than Biden called for in his budget. It marks the 61st year in a row that Congress has passed the defense bill on time. Several U.S. states are dealing with the effects of tornadoes this week. There have been more than 50 reported in at least 7 states across the south since early Tuesday. That includes Louisiana, where at least three people died and several others were hospitalized. About 20 tornadoes have been confirmed, including more than a dozen in the Dallas area of Texas. Americans should get their updated COVID vaccine to prevent the spread of the virus over the winter. That's according to White House COVID-19 response coordinator doctor Ashish jha. He said the government will send out free COVID tests starting today each U.S. household can order up to four at home tests free from COVID test dot gov. He added that COVID is no longer the destructive force it once was as vaccines treatments and testing are widely available. Those impacted by the Yuval di Texas school shooting are calling on Congress to pass tougher gun laws during a house hearing on gun violence, faith mata whose sister was killed in the shooting called for a ban on assault weapons. A bill that would let Puerto Rico decide whether it wanted to become a state is heading to the Senate, Lisa Taylor has more. It passed the House in a bipartisan vote, a binding referendum would be held on the statehood issue if the bill became law, however it's unlikely to pass the Senate given that there are a few days left in this current Congress. The national archives is releasing information from about 13,000 documents related to president John F. Kennedy's assassination. However, a White House memo adds there are a number of records that contain information for continued postponement of public disclosure. I'm Brian shook. Metropolitan water district is declaring a drought emergency for all of Southern California. Brad coffee with MWD says climate change has brought less snow and more fire to the area in recent years. Both of those things affect the watersheds. And what we've seen is a much lower snowpack that disappears more easily and is taken up by the thirsty soils and thirsty plants. Officials say conditions on the Colorado River a main source of Southern California's water supply are dire and getting worse. Residents are being asked to cut water usage immediately despite the recent storms. Resident Brad worsley says he understands. The Colorado River is lower than
Bloomberg Radio New York
"7 states" Discussed on Bloomberg Radio New York
"O 7 on Wall Street 66° in Central Park heads up if you take the sawmill, there's a down tree northbound green lane in Bedford, details coming up in traffic, first Michael Barr, with more on what's going on in New York and around the world, Michael. Thank you very much, Nathan. 7 states, including New York are set to host primary elections today. The first election since last week's Supreme Court ruling eliminating the constitutional right to an abortion. For the Democrats, New York governor Kathy hochul faces Tom swazi and jumani Williams for the gubernatorial nomination. Rob astorino, Andrew Giuliani, Harry Wilson, and Lee zeldin, who has been endorsed by former vice president Mike Pence, running for the GOP nomination for governor. A judge has blocked New York City from leading non citizens vote for mayor and other municipal offices, Republicans challenged the measure as unconstitutional and a Staten Island judge agreed with the GOP in the ruling. The laws supporters said it gave an electoral voice to many people who have made a home in the city and pay taxes, but faced tough paths to citizenship. It is the latest tragedy to claim the lives of migrants smuggled across the border from Mexico to the U.S. 46 people are dead after being abandoned in a tractor trailer on a remote back road in San Antonio. 16 people were hospitalized, including four children. San Antonio police chief Bill McManus. A worker who heard a cry for help. Came out to investigate, found a trailer with the doors
Bloomberg Radio New York
"7 states" Discussed on Bloomberg Radio New York
"Net is not one of the gainers down 1% this of course on news that China issued 60 new video game licenses but none were for nutty I'm Abigail Doolittle and that's your ADR report All right Abigail thank you overnight the reserve bank of Australia blindsided the market and hiked rates by 50 basis points That's the key rate the biggest increase from the RBA in 22 years The RBA also indicated it remains committed to doing what's necessary to rein in inflationary pressures We're having yields across the US Treasury curve a little lower today a ten year now at 2.98% down about 6 basis points I'm Doug prisoner and that is your Bloomberg business flash This is balance and power with David Weston OPEC plus countries many of them are tapped out We're not seeing growth outside of the United States Green inflation down is critical and we're going to do everything we can Where the world of politics meets the world of business The Europeans have so much more at stake here than the U.S. does with respect to natural resources coming from Russia China has been leaning toward Vladimir Putin this Ukrainian conflict We can't have that We've got to have him join the family of civilized nations Balance of power with David Westin on Bloomberg radio Prime minister Boris Johnson survives the challenge with his own party to keep his job at least for now Iran could benefit from the oil crunch brought on by Russia's war in Ukraine and it's the largest primary day of the election year as voters in 7 states go to the polls From the Bloomberg interactive broker studio in New York welcome to the second hour of balance.
Bloomberg Radio New York
"7 states" Discussed on Bloomberg Radio New York
"Now the latest news from New York City and around the world here's Michael Barr Tom Lisa John senators on both sides of the aisle continue negotiations on gun law legislation Some participants say they're moving closer to at least some reforms democratic negotiators say a deal could be completed this week It would likely center around a proposal that includes enhanced background checks and new incentives for states with red flag laws Republican negotiators insist it is not about restricting the rights of law abiding gun owners GOP senator John cornyn of Texas What I'm interested in is keeping guns out of the hands of those who buy current law are not supposed to have them People with mental health problems People with who are have criminal records Senator cornyn says in order to deliver results we have to build a consensus and the best way to do that is through targeted reforms Russia claims it has occupied large swathes of eastern Ukraine after a relentless weeks long barrage and the recent deployment of more troops Russia's defense minister said today that Moscow's forces have liberated 97% of the Liu husk region The U.S. warned North Korea of a strong punishment if it conducts a nuclear test Deputy Secretary of State Wendy Sherman spoke in Seoul in today's meeting where their South Korean counterpart Any nuclear test would be in complete violation of UN Security Council resolutions there would be a swift and forceful response to such a test Deputy Secretary of State Sherman along with the UN watchdog group says Pyongyang could soon set off its first atomic device since 2017 There are primaries today across the nation nearly 80 congressional districts are holding primaries across 7 states with some that could determine control of the U.S. House come November in Los Angeles voters were weighing in on the city's next mayor and there's also a race for governor in South Dakota Live from the Bloomberg interactive broker studios this is global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts to more than a 120 countries and I'm Michael Barnes This is Bloomberg.
Bloomberg Radio New York
"7 states" Discussed on Bloomberg Radio New York
"With David Smith Washington correspondent at The Guardian Lawmakers are back in the bubble Back in Washington and so is talk of reconciliation It's been a while possibly on guns possibly on inflation We're going to discuss that ahead with Ed mills Washington policy analysts managing partner Raymond James 7 states holding primaries tomorrow including California Jack pitney the political scientist from Claremont McKenna college will help us understand why the race for mayor of LA has become one of the most expensive if not the most expensive in the country Our signature panels in place Bloomberg politics contributors Jeannie Chan xino and Rick Davis with analysis on these stories all ahead for the next hour We start with the markets of course an update from Doug prisoner Doug Hey Joe the equity market was higher today but we finished well off the best level of the day through the session that was this tug of war on one hand a positive outlook for growth but on the other side you know concern that higher interest rates really could create an environment that many are calling stagflation We had some upbeat news from China with respect to the virus overnight Beijing allowing restaurants to reopen the schools there will be back in session next week and today they had a cheap strategist over a JPMorgan Chase Marco carlovich was saying Chinese equities may have reached their turning point Apple held its worldwide developers conference today a flurry of new software and services were unveiled shares an apple picked up about a half of 1% We had the Dow higher by a tenth of 1% S&P 500 better by three tenths of 1%.
Bloomberg Radio New York
"7 states" Discussed on Bloomberg Radio New York
"Would most likely be deadly since there is no way to treat it I'm Chris garageio And I'm Susanna Palmer in the Bloomberg news room And eviction moratorium in New York State ended today over a 500,000 New York families are reportedly behind on their rent and over 40% of those households have children The eviction moratorium was put into place to help tenants struggling during the pandemic as the moratorium ends authorities are bracing for a flood of eviction cases tenants in trouble are being urged to apply for emergency rental assistance renders are also being advised to seek low cost or free legal help New York State tax revenue soared to $84.4 billion in the first 9 months of the fiscal year more about that from Bloomberg's stinney's Pellegrini And Sasha $84.4 billion is $12.9 billion more than forecast State controller Thomas de Napoleon says the tax revenue is boosted by a business tax it was established in April as a workaround for federal limits placed on state and local tax deductions to Napoli saying in a news release that New York collected $10.2 billion from a pass through entity tax Denise Pellegrini Bloomberg radio A federal judge on Friday banned the controversial former pharmaceutical executive Martin shkreli from ever working in that industry again and ordered him to return $64.6 million in wrongfully obtained profits Judged in his coat of the U.S. district court for the southern district of New York ruled on a civil lawsuit brought by 7 states and the Federal Trade Commission against shkreli who is serving a 7 year prison sentence for securities fraud The judge found he had increased the price of daraprim a lifesaving drug by 4000% and created a scheme to block competition from generic drugs It's a short and week of trading in the U.S. with both the stock and bond markets closed on Monday for the Martin Luther King Jr. holiday Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries I'm susannah Palmer This is Bloomberg Bloomberg opinion informed perspectives and expert data driven commentary on breaking news Welcome to Bloomberg opinion on Bloomberg radio.
The Dan Bongino Show
Brian Kilmeade Explains the Relationship Between Abraham Lincoln and Frederick Douglass
"What was the relationship with Lincoln and Douglas was Lincoln intimidated by Douglas Douglas was a powerful figure Was it the reverse I mean what was the dynamic between the two Sadly link you never wrote about it but others said he talked about it Douglas was a overpowering figure in the time wanted an immediate Emancipation proclamation wanted to let blacks fight for their freedom He didn't do it And in the beginning he was he was given and said on his first inaugural hey guys come on back in We lost 7 states We need you back We can compromise what we've slavery for now Whatever you do come on back to wood and Douglas Are you kidding me You want them back This 4 million slaves there's 350,000 slave owners We have to end this now That's what you talked about in the Douglas debates do it But he knew Lincoln that if he did it you have no country you preside over because the north was exactly ready to fight for slavery either but gradually both things happen when they finally meet at The White House He realizes what winning was how sincerely was how deep he was and what a great listener he was And together the brief period of time they rallied with recruitment they rallied on issues getting equal to whites in the war and the respect that they had was enormous And I'll just share with you the last interchange He walks into the inaugural ball after only Yorkshire Greek and looks like she's delicacy of my friend Douglas What did you think of the speech We look back at this mister president Don't worry about me Look at all these people around us There's nobody's opinion that I care more about What did you think of the speech He said mister president a sacred effort And that was their last exchange So tell me how more they came and how important they were I mean to me I read that and I get
KCRW
"7 states" Discussed on KCRW
"Every region of the state is now offering vaccinations to people 65 older. It's a big group around six million people, including well over a million in L. A county alone, and that's on top of health care workers and people in nursing homes still getting shot. Based on the number of vaccines that California has been receiving each week. State epidemiologist Dr Erica Pan says it will take 4 to 5 months to get shots to everyone 65 older. She made those comments during a vaccine advisory committee meeting this week. That means if you're younger than 65, you could be waiting until this summer to be eligible that timeline could change. State officials say they're counting on the Biden administration to speed up vaccination distribution. But for the time being, Pan says, we can expect a slow roll out right now. The state says California is getting 400,000 to 500,000 doses of vaccine a week. Many of those doses air going to people who are getting their second shots. Restaurants and bars have been hit hard during the pandemic. Many have gone out of business and more are expected to close their doors for good before the economy can get up and running again. One thing that could help the viability of new restaurants is doing away with all the red tape involving permitting and the L. A City Council says plans to do that are in the works. Mama Holmes is with Peter L. A and has been keeping an eye on what officials are planning. What they're doing is just asking for just city departments to just take a look and just make some recommendations and that also includes streamlining the Sidewalk dining permit process. The Allies City Council is looking to to do this in several ways. They want the fire department to streamline the process around outdoor tents. Canopies, awnings all of these things that were previously very pricey. And would take a long time for approval. The goal is to keep the changes in place even after outdoor dining restrictions related to covert are left it President Biden is making the fight against climate change a major part of his agenda. Just 24 hours in office, he issued some executive orders, including one that has the U. S rejoining the Paris climate agreement. He also says California and a few other states have not done a great job of meeting air quality standards. Sara Horowitz with the U. C L. A School of law says some parts of California have saw the most polluted air in the country. It will be a mystery to folks who live in certain regions of California, especially the Central Valley, that our air quality continues to be pretty bad for a lot of the year. And so what this says to me is that the you know the bite administration's paying attention. She says This is a message for the state to improve its air quality. Although she believes the federal government there's a lot of the blind Support for NPR comes from progressive insurance, offering its home quote explorers so shoppers can evaluate options in one place. One buying home insurance. Custom quotes and rates are available online. Learn more at progressive dot com..
AP 24 Hour News
Bagged salad sickens 122 people in 7 states
"There's a recall on a type of bag salad sold it a number of stores in the Midwest. It contains carrots, red cabbage and iceberg lettuce, a bag to salad mix. It has sickened 122 people in seven states and caused the 19 hospitalizations. The U. S. Centers for Disease Control and Prevention says 54 illnesses have been reported in Iowa and 30 in Illinois, Kansas, Minnesota, Missouri, Nebraska and Wisconsin have also reported illnesses. The salad mix packaged as Hy vee brand garden salads and distributed by high V Jewel Osco went all the grocery stores is contaminated with cyclists. Flora, a parasite that can cause diarrhea, stomach cramps, nausea and
Phil's Gang
Bagged grocery store salad sickens more than 100 in 7 states
"A bag grocery store salad has sickened more than a hundred people in seven states have bagged salad mix that has been recalled has sickened one hundred twenty two people in seven states and because the nineteen hospitalizations the U. S. centers for disease control and prevention says fifty four illnesses have been reported in Iowa and thirty in Illinois Kansas Minnesota Missouri Nebraska and Wisconsin have also reported illnesses the salad mix packaged as high V. brand garden salads and distributed by high V. jewel Osco and all the grocery stores is contaminated with Cyclospora parasite that can cause diarrhea stomach cramps nausea and
AP News Radio
Bagged grocery store salad sickens more than 100 in 7 states
"Hi Mike Rossi are reporting a bags grocery store salad has sickened more than one hundred people in seven states a bag of salad mix that has been recalled has sickened one hundred twenty two people in seven states and because the nineteen hospitalizations the U. S. centers for disease control and prevention says fifty four illnesses have been reported in Iowa and thirty in Illinois Kansas Minnesota Missouri Nebraska and Wisconsin have also reported illnesses the salad mix packaged as high V. brand garden salad and distributed by high V. jewel Osco and all the grocery stores is contaminated with Cyclospora parasite that can cause diarrhea stomach cramps nausea and fatigue hi Mike Rossio
AP News Radio
Bagged grocery store salad sickens more than 100 in 7 states
"Hi Mike Rossi are reporting a bags grocery store salad has sickened more than one hundred people in seven states a bag of salad mix that has been recalled has sickened one hundred twenty two people in seven states and because the nineteen hospitalizations the U. S. centers for disease control and prevention says fifty four illnesses have been reported in Iowa and thirty in Illinois Kansas Minnesota Missouri Nebraska and Wisconsin have also reported illnesses the salad mix packaged as high V. brand garden salad and distributed by high V. jewel Osco and all the grocery stores is contaminated with Cyclospora parasite that can cause diarrhea stomach cramps nausea and fatigue hi Mike Rossio
AP News Radio
Bagged grocery store salad sickens more than 100 in 7 states
"The hi hi historic Mike Mike Rossi Rossi church are in are reporting reporting Atlanta no a that charges bags was home grocery to will Reverend be store filed Martin salad in Luther the NASCAR has king sickened junior noose more incident was than the one site hundred involving of the people funeral the circuits in for seven only the black states black man driver shot a and bag killed federal of by salad authorities a white mix police say that the has noose officer been recalled found in NASCAR has sickened we need driver one change Bubba hundred Wallace's twenty two people garage restart in stall seven at states Brooks's Talladega life and superspeedway because matters the nineteen had been hospitalizations there Reverend for at king's least eight daughter months the Reverend U. S. centers at Bernice no for charges disease king will control says be filed this and is prevention an all U. too says S. familiar attorney fifty J. sight town four illnesses and we FBI are special have here been reported agent in charge in Iowa because Johnny sharp individuals and junior thirty say in continue Illinois the news had to been in Kansas hide garage number Minnesota four behind as Missouri early badges as October Nebraska and and Wallace Wisconsin trainings is the have only also and black policies reported driver illnesses on NASCAR's and procedures top the salad circuit mix less packaged than two weeks as high ago rather V. he helped brand push than garden the stock salad car regarding series and distributed to ban the the humanity by Confederate high V. flag jewel at of its venues others Osco and all after the in grocery a general crew member stores for and Richard black is Petty contaminated lives motor sports specific with discovered Cyclospora the news needs Sunday Gabrielle parasite Martinez NASCAR that can contacted cause says diarrhea riots the F. B. aren't I. stomach which needed cramps said fifteen but nausea people agents and helping fatigue to the people track to investigate hi Mike Rossio hi Mike make us Rossi better people up no matter the race let's treat each other how we want to be treated as people I'm a Donahue
WBZ Midday News
Cuomo announces 7-state coalition for buying medical equipment
"The northeast coalition of states first form when there was a search shortage of ventilators is now joining forces to buy PP covert nineteen test and other medical equipment Massachusetts and Rhode Island are in this group headed by New York governor
Jay Talking
Cuomo announces 7-state coalition for buying medical equipment
"New York governor Andrew Cuomo cited both the competition and cooperation among states trying to purchase enough medical equipment to fight the coronavirus state of Massachusetts governor Baker was good enough to work with Robert Kraft who had a personal airplane that he sent to China to get mass and Massachusetts was good enough to give us some of the masks and now making that cooperation more formal Cuomo announced a coalition of states in the northeast including New York Massachusetts New Jersey Connecticut Pennsylvania Delaware and Rhode Island would now work together to buy medical
This Morning with Gordon Deal
Americans Getting Fatter: Obesity Rates Over 35 Percent In 7 States
"Are fat and getting fatter. A new report says for the first time obesity rates top thirty five percent in seven states that's up from five states two years ago. In addition, no state had a notable improvement in its obesity rate over the previous year. The study is by the trust for America's health and the Robert Wood Johnson foundation. Both nonprofit health groups the presidents of trust for America's health says the good news is that there is growing evidence that certain prevention programs can reverse the trends, but he says they're just not fully implemented states with obesity rates of thirty five percent or more now include Iowa and Oklahoma. They had already included Alabama Arkansas, Louisiana, Mississippi and West Virginia. How about this in two thousand twelve no state had an obesity rate of thirty five percent or more. Now, there are seven states. West Virginia is worst with more than thirty eight percent of adults obese Colorado has the lowest adult obesity. The rate in the nation.
News, Traffic and Weather
Obesity rates now top 35 percent in 7 states
"Obesity rates have gone up across the country, but remained the same here in our state still. That's no victory says John arbox CEO of the trust for America's health the group behind the report Washington was better than most states. But it was still concerning that it's rate was twenty eight percent or buck says our state has invested in public health campaigns aimed at obesity, but with one in four Washingtonians obese he says there's obviously a lot more work
Roy Masters
New invasive tick species, the longhorn, confirmed in 7 states
"Ticks ticks and insects. In general are steadily. Spreading across the United States and causing more disease aided by an ever, warmer climate if that's. Not bad enough though it's almost certain that in invasive species of tick newly discovered? Last, year has firmly established itself in America, as its home and this tick is potentially, capable of causing even more frightening illnesses the Asian long horned tick has, now been spotted. In seven. States mostly along the east coast according to the New York, Times it was first discovered on a pet sheep in New Jersey last summer and had been seen this summer in Arkansas North. Carolina New. York Virginia in West Virginia just last week cut Slovenia became the latest state to report this tick citing let's check in of course with Dr Gary, Ridenour Gary how, bad is. A tick bite or what's so bad about a tick well the. Thing is with a tickets, is that This species that we're talking about about fifty of them can, sit on, the head, of a dime that's. How small they are. So you don't really see them until they're gorge with. Blood but they can carry things like most other, ticks, other families can carry the Rocky Mountain fever lime disease Colorado tick fever? Something, called Tula re meal and in eastern Asia Addictive carries, a virus that causes complete organ. Failure and, humans now we're we're you know this planets four and a half. Billion years old and, they're talking about a brand, new species a tick, we're in the heck did it come from well, picks came around about one hundred million years ago and there's a ton of insects out there that we've not identified you. Know it may not be a, newcomer in fact, this tick has been found in, amber seventy five million years ago she's so he's, a he's not a new boy but like, you said they're invasive and some? Of the females are asexual which means they have. Male and female organs and can produce their. Own eggs without having a meal around self replicating indeed now in this in this case with the. Tick if if you find. A tick whether it's this Asian Longhorn or any other tech, if you find a tick on your body how. Do you get it off first thing to, do is, use some fine, tweezers you place it the tweezers close to this Skin covering as much of the head as. You can, get and then pull it straight. Out make, sure that the head in the pincers are not left behind in. The skin and then, wash the skin and maybe, put some antibiotic cream,
Bucket Strategy Investing
CDC investigating E. coli outbreak now in 7 states
"Ninety one at least sixteen people killed thursday over a dozen others wounded when a bomb hits a village in iraq the bombing targeting a funeral procession for iraqi soldiers who've been killed by isis terrorists over the past year the resurgence of attacks by isis inspired terrorists coming months after the claim by the iraqi prime minister that isis had been completely wiped out in late twenty seventeen public health investigators working to determine the source of any coli outbreak that sickened seventeen people usa radio's wendy king was more the us center for disease control and prevention issued an outbreak investigation announcement on tuesday the seventeen cases have spread across seven states in the past four weeks six people have been hospitalized and no deaths have been reported as officials seek to determine what caused the outbreak state and local public health officials are interviewing ill people to determine what they ate and other exposures in the week before their illness started for usa radio news i'm wendy king the president giving an update on the situation with nafta on thursday saying the united states is getting close to striking a deal telling reporters a new trade deal with canada and mexico could happen in a few short weeks but he didn't give an exact timeline hand white castle out with a new burger it's plant based in cost just under two bucks they're rolling it out in a couple of different cities it comes on their.