18 Burst results for "Aj Bill"

"aj bell" Discussed on Marketplace Morning Report with David Brancaccio

Marketplace Morning Report with David Brancaccio

07:57 min | 2 months ago

"aj bell" Discussed on Marketplace Morning Report with David Brancaccio

"After being held for three months in egypt. It's anchors away for the ever given containership live from london. This is the marketplace morning report from the bbc world service. I'm victoria craig. good morning. The giant shipping vessel that blocked the suez canal for six days. Back in march and snarl global trade is finally free to set sail today. It's been detained in egyptian waters pending a compensation settlement between the ship's owners and the suez canal authority now that deals been reached. A signing ceremony has been held in a city of his maleeha and the ship is scheduled to be on. Its way any moment. The bbc selena beale has more the two hundred thousand ton. Cargo vessel drew world attention after it was wedged across the suez canal bringing navigation to a standstill in the vital shipping. Route around twelve percent of world trade passes through the canal. The terms of the financial settlement between the canal authority and the ship's owners will not be disclosed. Their options had initially asked for nearly a billion dollars in compensation to cover lost revenues reputation damage and the salvage bonus but this number was later reduced to nearly half. That's the bbc selling and bill reporting from egypt. They're checking the numbers now. European benchmarks are trading higher in the three tenths to seven tenths percent range this morning. Global oil prices are also on the rise at more than one percent that's as uncertainty about the future of opec supply continues the oil group and its allies failed earlier this week to reach agreement about whether to increase output global demand has been rising as economies continue to relax pandemic restrictions elsewhere london-based financial technology company wise formerly known as transfer wise will make its public market debut on the london stock exchange. Today the money transfer company has chosen a direct listing rather than the traditional initial public offering. Route russ mold investment director at. Aj bell explains why there were several reasons for this. We've seen a lot in the united states markets but first of all it's basically about speed and cost does no long road show those no presentations investors. You don't need as big a banking syndicate so there are less advisory fees and you can also make it easy for your customers and retail investors to get involve potentially broadening your shareholder base. We're still waiting for the price to start formulating but it looks if it's gonna with evaluation of around ten billion dollars which is quite a lot higher than analysts. Were initially expecting now. It's been six months since the brexit transition period ended. And as we've been talking a lot on this show. London has been trying to sort of find. Its feet in this new post brexit erin. Fintech has been one of the industries that a lot of people say is important to the city maintain its dominance in financial services so does this listing from wise today. Sort of bolster that view of the. Uk's a massive financial technology hope so it is very important for the london's or establish keep its credentials. Here birmingham is a big financial technologies and the city wants to see these deals. Come to london rather than go to new york amsterdam frankfurt singapore for example. And we've seen a lot of fintech companies list here a bit. how well has their performance bent. Because it's sort of been a little touching goat mixed. I think is the polite way of putting it. T. h. g. group which is an online retailer was a phenomenal success. Delivery was wanted to believe as being a bit of a disaster. Still a long way to go. Interestingly both of those jewel share structure so the management team kept a lot more control of the votes in the company that you would normally expect. That's been a bit of a hot topic in london but the uk regulates the financial conduct. Authority is actually planning to encourage that to try and get mauled. Fintech companies and companies to list in london big institutions aren't king but it worked very well with the hook group less well with deliver russo. This is gonna be another interesting test case. Small investment director at aj. Bill thanks for your time this morning. Thank you nine. Hundred billion dollars is about how much market value has been wiped off china's biggest tech companies. According to bloomberg data the drop comes amid ongoing concerns about beijing's regulatory crackdown authorities warned this week. They'll increase oversight of chinese companies looking to list their shares on foreign stock exchanges. The bbc's katie silver explains how investors are positioning for the long term. This is of course just the latest move of saying alibaba than it was ten cent now deedee and of course a number of the smaller chinese tech players earlier this week and it's definitely creating fees particularly investors. Here in this region rocking. The confidence about whether or not china's tech sector is where they should be putting their money so on the one hand you've got the strategic investors thurs the the lack of for example. Japan's softbank or uber and china. Both of which have relatively high stakes indeedy and these ones going early they own a lot of it and therefore it's quite hard for them to get out of it and then on the other hand you've got the mom and pop. Investors who bought on the listing and sadly have lost a lot of their money. Now one money manager. I've spoken to here in singapore. He used to have three billion dollars of his clients funds in china. But he's told me he's pulled it out all in the last twelve months. He's off strata. If jack mars no longer untouchable than you know what's in it for us poor offshore investors will be the first ones to suffer from that has genuinely scared a lot of not just private investors and sme's. But i think some of the major institutional global funds sort of thinking look the people behind us not so keen on this anymore so our says that feel is unpredictable regulation. That's in coming from china. Means he's clients instead preferring to invest elsewhere in places like the. us europe. australia japan. Yeah it's really interesting. What's been happening in. The markets because shares in domestically focused tech indices ended their session higher today presumably because they're seen as benefiting from this crackdown. Now as all of this battle over tech continues there's another strand of tensions with china global not lies in the xinjiang region and allegations over the use of force labor there katie. Tell us about one of hong kong's biggest t-shirt makers that's now filed a lawsuit with the us. Yes it's cold. A squirrel enterprises and basically this soon. The us government specifically the commerce department. Who accused it of using forced labor at one of its meals in the xinjiang region. The company was put on the expert blacklist saying it was a national security threat last july and they said at their reputations been deeply tarnished beforehand had the likes of brands such as michael coups nike the banana republic calvin klein and tommy hilfiger and they said that it's cost them hundreds of millions of dollars in revenue as a result of this the commerce department so far has not commented but it is a very rich challenge to these laws that we've seen come into play in recent times the bbc's katie's over force thanks for your time this morning. Thanks to finally two of the world's biggest airlines will this weekend begin testing fast-track lanes at london's heathrow airport for fully vaccinated arrivals passengers will be able to upload their vaccination status before boarding a flight. Those taking part in the trial will still have to follow all government roles including required cova tests corentin if they come from a yellow list country like the us but the industry hopes the trial will reassure the government that airlines and airports can reduce pressure on immigration halls by checking vaccine status away from the border in london. I'm victoria craig with the marketplace morning report from the bbc world service. Hey jed kim host a million bazillion million brazilian is a podcast for kids and the families that helps dollars make more sense in each episode. We tackle the tricky questions that your kids have about money. Like how is it made. Is our factory somewhere that makes it. Or what determines the price of pizza and we're back with all new episodes. That's more answers to the questions. Your kids wanna know thoughtful ones. The silly ones and the really hard. To answer one's million. Zillion listen wherever you get your podcasts..

london bbc suez canal victoria craig suez canal authority maleeha selena beale canal authority Route russ Aj bell egypt Fintech china T. h katie silver opec
"aj bell" Discussed on 90.3 KAZU

90.3 KAZU

05:11 min | 3 months ago

"aj bell" Discussed on 90.3 KAZU

"Actually, it's just on Wednesday after the Fed meeting wraps up the word is inflation and as chair Powell and the gang. Get ready for the two days Sit down that starts tomorrow. They've got some new data to chew on. The New York Fed is out with a survey today that says consumers are expecting inflation above the Fed's target, which is remember 2%. Over the next couple of years by way of reminder. We learned last week that inflation on an annual basis was at 5% last month in and admittedly bizarro economy. Nevertheless what consumers believe can actually affect things. Marketplaces. Nancy Marshall Ginza gets us going, consumers told the New York Fed. They're expecting inflation to hit 4% a year from now. That's the highest reading since the New York Fed survey began back in 2013. Consumers over age 60 and those with a high school degree or less, were more likely to predict higher inflation. They might be unfixed incomes, tracking prices closely. Andrew Levin is a former Fed economist now at Dartmouth and comparing here well, this toothpaste Is 10 times cheaper than that one. Let's buy it today. We'll try and see if if if it takes, Okay, Stephen Chick 80, an economist at BRANDEIS University, says. When consumers expect prices to go up, they start asking their bosses for a raise. The employers raise wages of their workers that increases their costs. Cost increases caused them to have to wait raised their prices. Causing inflation. Economists called this a wage price spiral. It was a thing in the 19 seventies. Former Dallas Fed advisor Danielle DiMartino booth worries that another problem from the seventies could re emerge where rising prices for basic necessities cause consumers to limit spending on luxuries. That means that you're going to cut out going out to eat, which you you just finally got to start doing again in many places in America, DiMartino Booth says. When those consumers cut back on spending economic growth slows. She says. If these ghosts of the seventies come back to haunt us that will really complicate life for the Fed as it tries to keep the economy from overheating or stagnating. I'm Nancy Marshall gins er for marketplace. So as Nancy was just saying, inflation can sometimes turn into a bit of a self fulfilling prophecy, and you don't have to be AJ Bell Mind reader to know that setting policy. Based on the vagaries of people's perceptions of the economy can be really hard yet to that that the Fed is trying to figure out what to do in literally unprecedented economic times. And well. Here's marketplaces, Kimberly Adams, those ghosts of the past fears of inflation. Many old economic models don't apply to this strange pandemic economy, says Aaron Klein, a senior fellow at the Brookings Institution. The Fed is in the difficult bind, and the Fed is going to have to decide whether or not to continue fighting the problems we face today or continue fighting the problems they faced in the 19 seventies. Klein says. Most economic models assume that the economy tends to move together in sync. But the inequalities of the pandemic and the unequal recovery is showing us It doesn't Patricia Buckley is managing director of economics at Deloitte Covid caused a fundamental shift in how we work and how we behave outside of work, and there's a lot out there that I don't think it's going to go back to the way it was. We've just never had a situation like this before. And so I think that we need to have humility right now, as economists and as forecasters, Carola Binder is an associate professor of economics at Haverford College. And she says That's what the Fed is doing by taking a slow and measured response to things like a sudden spike in inflation. When there is a lot of uncertainty, there's some value to kind of waiting and seeing what happens and which changes are going to be temporary and which will be a legacy of the pandemic in Washington. I'm Kimberly Adams for Marketplace. Before we go on to more price data points, one, perhaps a sign of inflation one, perhaps not Crude oil. The U. S. Benchmark West Texas Intermediate hit $71.78 a barrel today closed lower, but that was a three year high. On the other way Lumber down 18% last week off 40% from the record highs. It hit back in early May on Wall Street today. Inflation Schmidt inflation a couple of record highs when we do the numbers Part of what Jay Powell and the Fed are dealing with, as they try to navigate the whole.

Andrew Levin Carola Binder Aaron Klein Patricia Buckley Danielle DiMartino Nancy Jay Powell 2013 Kimberly Adams Washington America Brookings Institution 2% Klein Wednesday 5% BRANDEIS University 40% 18% DiMartino Booth
"aj bell" Discussed on WBEZ Chicago

WBEZ Chicago

07:23 min | 3 months ago

"aj bell" Discussed on WBEZ Chicago

"June Good as always stab you long, everybody. The economic watchword. Oh, the week Actually, it's just on Wednesday after the Fed meeting wraps up the word is inflation and as chair Powell and the gang. Get ready for the two days Sit down that starts tomorrow. They've got some new data to chew on. The New York Fed is out with a survey today that says consumers are expecting inflation above the Fed's target, which is remember 2%. Over the next couple of years by way of reminder. We learned last week that inflation on an annual basis was at 5% last month in and admittedly bizarro economy. Nevertheless what consumers believe can actually affect things. Marketplaces. Nancy Marshall Ginza gets us going, consumers told the New York Fed. They're expecting inflation to hit 4% a year from now. That's the highest reading since the New York Fed survey began back in 2013. Consumers over age 60 and those with a high school degree or less, were more likely to predict higher inflation. They might be unfixed incomes, tracking prices closely. Andrew Levin is a former Fed economist now at Dartmouth and comparing here well, this toothpaste Is 10 cents cheaper than that one. Let's buy it today. We'll try and see if if if it takes, okay, Steven Schick 80, an economist at BRANDEIS University, says. When consumers expect prices to go up, they start asking their bosses for a raise. The employers raise wages of their workers that increases their costs. Cost increases caused them to have to wait raised their prices. Causing inflation. Economists called this a wage price spiral. It was a thing in the 19 seventies. Former Dallas Fed advisor Danielle DiMartino booth worries that another problem from the seventies could re emerge where rising prices for basic necessities cause consumers to limit spending on luxuries. That means that you're going to cut out going out to eat, which you just finally got to start doing again in many places in America, DiMartino Booth says. When those consumers cut back on spending, economic growth slows. She says. If these ghosts of the seventies come back to haunt us that will really complicate life for the Fed as it tries to keep the economy from overheating or stagnating. I'm Nancy Marshall Ganz er for marketplace. So as Nancy was just saying, inflation can sometimes turn into a bit of a self fulfilling prophecy, and you don't have to be AJ Bell Mind reader to know that setting policy. Based on the vagaries of people's perceptions of the economy can be really hard. Yeah, to that that the Fed is trying to figure out what to do in literally unprecedented economic times. And well. Here's marketplaces, Kimberly Adams, those ghosts of the past fears of inflation. Many old economic models don't apply to this strange pandemic economy, says Aaron Klein, a senior fellow at the Brookings Institution. The Fed is in the difficult bind, and the Fed is going to have to decide whether or not to continue fighting the problems we face today or continue fighting the problems they faced in the 19 seventies. Klein says. Most economic models assume that the economy tends to move together in sync. But the inequalities of the pandemic and the unequal recovery is showing us It doesn't Patricia Buckley is managing director of economics at Deloitte Covid caused a fundamental shift in how we work and how we behave outside of work, and there's a lot out there that I don't think it's going to go back to the way it was. We've just never had a situation like this before. And so I think that we need to have humility right now, as economists and as forecasters, Carola Binder is an associate professor of economics at Haverford College. And, she says that's what the Fed is doing by taking a slow and measured response to things like a sudden spike in inflation. When there is a lot of uncertainty. There's some value to kind of waiting and seeing what happens and which changes are going to be temporary and which will be a legacy of the pandemic in Washington. I'm Kimberly Adams for marketplace before we go on to more price data points, one, perhaps a sign of inflation one. Perhaps not. Crude oil. The U. S benchmark West Texas Intermediate hit $71.78 a barrel today closed lower, but that was a three year high. The only other way lumber down 18% last week off 40% from the record highs. It hit back in early May on Wall Street today. Inflation Schmidt inflation a couple of record highs when we do the numbers Pardon board, Jay Powell and the Fed are dealing with as they try to navigate the whole is inflation going to last? Or is it transient or transitory thing? Is the trillions of extra dollars that are floating around in this economy. Thanks to all the virus relief packages case in point for us today, restaurants The American rescue plan that passed back in March, including something called the Restaurant Revitalization Fund, a bit more than 28 a half billion dollars in grants for restaurants and food trucks and bars. Not surprisingly, perhaps given the state of the virus back in March. That money is gone. So now Congress is talking about another $60 billion under something called the Restaurant Revitalization Fund Replenishment Act. But this is not the economy we had. Back in March. The marketplaces Kristin Schwab looked into why the restaurant business says it needs more money. Even as restrictions. Relax, and things are reopening. Judy Harrell is on a nationwide hunt for black raspberries. They're just almost impossible to get So I called everybody I knew who could get them, and I'm probably patching together maybe a palette. She can't really go without him. Two of her top selling treats at Herald's ice cream in North Hampton, Massachusetts, used black raspberries, of course. Now the price of the fruit is up. 45% sugar is up to. She definitely can't go without that. Same with cups and spoons and soon Rent. Her landlord reduced it early in the pandemic, but has been raising it incrementally. Meanwhile, what's not going up sales? People are still pretty scared. And a lot of these kids are vaccinated. Yeah, Her customers are mostly families and covid vaccines are so far only approved for kids ages, 12 and up. Harold actually got some money from the restaurant Revitalization fund. It helped her pay rent. But lots of business owners weren't so lucky. There is about $50 billion worth of applications right now that they are not going to be able to fund Sean Kennedy is with the National Restaurant Association. He says The proposed 60 billion would cover those businesses, plus others who didn't The chance to apply and with the labor shortage..

Andrew Levin Steven Schick Carola Binder Kimberly Adams Patricia Buckley Aaron Klein Kristin Schwab Sean Kennedy Danielle DiMartino Jay Powell America Restaurant Revitalization Fund Nancy 10 cents Washington Nancy Marshall Ganz Brookings Institution 2013 Congress 2%
"aj bell" Discussed on KQED Radio

KQED Radio

06:35 min | 8 months ago

"aj bell" Discussed on KQED Radio

"But there must be a memory that if you go into the streets and you face up to the army The army will most likely be perfectly happy to shoot you. So if there is widespread unhappiness, how is it going to express itself? Yeah, I think that's partly true. I mean, I think there's this collective sort of trauma and kind of a memory of army Dictatorships past and what happened in times like 1988 the last Army coup when the hundreds of people were gunned down after the army taking over and people protested on the streets. I think it is a new generation, though I mean most the average age of the country's 28 days of people who've grown up over the last 10 15 years. And growing up with social media. So it's possible also that a lot of the initial kind of response will be on Facebook. On Social media, though it's not impossible, given the depth of the anger and frustration, especially if you also see kind of pro army demonstrations. Take place that there could be cautious and there could even be budget. But thankfully, we haven't seen that so far. What do we go back into? Is this going to be like It was 10 years ago. The kind of the dark days of Myanmar with very little, very little sort of of freedom or civil space or anything. Is that what people are expecting? They're going to go back to I hope not. And that Z not with the Army is saying, I mean, it is ground Hog day today, I think you know, we all remember the sort of dark days of dictatorship in all the discussions about sanctions versus engagement and duty under house arrest in and everything else. I think, though the Army is also not going to go back to the status quo the past couple of years. I mean, I think you know, things kind of period of political reform began 10 years ago, they had set this framework And then out of a kind of position of confidence, a desire for better relations with the West desire for greater popular legitimacy. They allowed on society a lot of space. They didn't think she would win the elections in 2015. She did. They didn't think that she would win elections again is resounding, the she did in 2020 in November, but she did. On bits been in increasingly acrimonious kind of cohabitation between the Army and also Masucci these past few years. They've had differences of opinion on a number of different issues. But more than that, it's just been No for two sides that have been kind of the arch nemesis of the other for for a generation. It's has not been a comfortable relationship, and that came to a boil over these past few weeks. Thea armies latched onto this allegation by the pro Army party off widespread election fraud made demands, then set an ultimatum on whether they had planted or not. I mean, they stumbled into this The situation. They're going to have to make it work somehow. Are they many? Many thanks indeed sentiment, historian and writer, Burmese writer and history on the line from Bangkok in neighboring Thailand about the situation in Myanmar. News Day BBC World Service Lawrence and Claire with You, Thank you so much for joining us on BBC World Service today. Let's Business needs for, you know Andrew Wood is on our business desk in Hong Kong. Andrew pharmaceutical giant Pfizer announcing their financial results later, given their rolling at one of the vaccines across the world, they could look pretty healthy. I'm guessing You think so? Wouldn't you mean Fizer Biotech a vaccine? I believe the U. K government alone has bought 40 was ordered 40 million doses of it. You're nuts. I don't think finds his finances are actually a simple is that Let's talk now to rust Mold, whose investment director of the stockbrokers AJ Bell, are we going to see a massive boost of profits advisor as a result of making all those wonderful covert vaccines? Know immediately necessary, Andrew. No, The numbers are gonna be very hard to interpret. Five serous made a profit on him selling a big business to Britain's Glaxo SmithKline. He's merged other asset called John into another pharmaceutical company. And if you try and peer through all of that, You're probably going to get respectable, low single digit percentage growth in the year. That's just finished. But the boss Albert Bull 11, let the cat out of the bag a little bit of the conference in January, saying that profits for this year 2021 might actually be a little bit lower than analysts were expecting, even if they're still going to grow. So it's difficult there. You had all of these mergers, acquisitions selling off bits and so on. So it's difficult. Trump work out What sort of the underlying company Fizer is worth. Why would the profits this year? Be lower than last year. Because there's a say, you know that intuitively it feels like no. This is making vaccines against Cove. It is like printing money. Yeah, I mean, there might not be low, but they might not grow with quickly. Someone helps. I mean that some analysts are forecasting around $4 billion of sales from their covert vaccine this year. That's up from nothing about 18 months ago, but they're an awful the cost associated with that. Raw materials packaging testing. The treatment has got to be kept it very, very, very low temperatures, so there's a lot of investment involved on Mr Bullard said. This is a very dynamic situation and it's going to take some managing Well, finally is well, I mean is, Are we actually looking too much on the outside? As for Missouri's a vaccine company, I mean, presumably does other things as well. How's that getting on? No, it's and it's very keen to stress that I mean, he helped by Operation Warp speed. They have done an amazing job in coming with the vaccine so quickly, but they actually have 92. Drugs and vaccines in fairs want affairs three clinical trials of the moment Now they won't all make it to commercial use. But I think the company will be very hopeful that a good portion of them will and it's the pipeline, the drug development pipeline. That's the future the company. Remember the stock market value is this. This firm fires were $200 billion, so it is looking for more future drugs to come through. Okay. Ross Mold at AJ Belt. Thanks for joining us on used a Andrew. Thanks very much. Indeed. Let's get you updated with sports news. Now Al Ross is back after arguably the quietest European transfer deadline day since transfer deadline days were introduced. Sami Cordillera, the biggest name to move with the out of favor. Midfielder leaving event just joined the German side hurts of Berlin. In England, where you also have the extra Brexit red tape to deal with now. Loan deals dominated former striker Josh King joining Everton for a small fee. Arsenal Scott Thomas staff e going to shelter on a permanent deal. Liverpool's to commune in the motor going to Southampton on loan there the headlines apart from Liverpool's defensive problems Ben Davis is coming from second tier Preston on a permanent deal. Awesome comeback has come in on loan from the German club shelter, and that is all because the pump of announced they've got another injury in defense. Cameroon's Joel Matip suffered problem last Thursday. It's going to keep him out for the whole season ankle ligament damage. He sustained against Spurs intended to make..

army army The army Fizer Myanmar Andrew Wood Facebook pro Army BBC Liverpool Fizer Biotech Scott Thomas Cameroon Sami Cordillera Joel Matip Hong Kong Berlin writer Thea Spurs
"aj bell" Discussed on WNYC 93.9 FM

WNYC 93.9 FM

12:42 min | 1 year ago

"aj bell" Discussed on WNYC 93.9 FM

"Emergency a quick roundup before we crack on with the events the U. N. security council has suspended meetings to give you one example the authorities in Iran have taken the extraordinary decision to shop the holy shrines in the city of calm just before the Persian new year celebrations and as we going to be talking about the E. U. is considering closing its external borders governments around the world are doing their best to cushion what's looks like an inevitable global economic recession more than ten percent drop in industrial output in China you Sealand announcing a twelve billion dollar economic rescue plan Germany is shifting over the central shops and Francis saying don't meet friends in the park stayed home and read a book and has announced forty five billion euros in virus aids for businesses in terms of the numbers of new cases South Korea which is being looked at with great interest by scientists and journalists as well in how it's handled the outbreak it's reported under a hundred new cases for the third day in a row seen as some kind of success also on the business side of things isn't appears to be on a hiring spree the company says it's looking at a hundred thousand new workers in the U. S. dealing with a surge in sales due to the pandemic it'll says this is going to increase pay for it stuff it in the U. K. the U. S. and Europe and other major close to closures of landmarks the Taj Mahal is closed and so is the Sydney Opera House but so these words test test test because without an urgent escalation of testing the social distancing measures that have been taken so far would not be if not for that is the advice from the World Health Organization the head of the WHO's says governments on stirring enough to compact the corona virus pandemic well as numbers are going up with its release the policy in two thousand deaths the European Commission has proposed temporary restrictions on travel to the European Union the partial closure of external borders would initially last for thirty days let's talk to Marco Mickelson deputy chair of the foreign affairs committee in Estonia welcome to Newsday we had yesterday that Europe is according to the WHL you know the sensor all of the pan dammit now how is your dealing with the situation in your opinion I think the nobody actually well wasn't ready for this kind of pandemic and the the and the quick spread of virus out of China and we see in the European Union at the moment the then member states going through serious stress test both locally and in in countries like my country here in Estonia but also European Union is struggling to all formal that sort of strong United position in in a way to show the citizens of European Union that the that the they are protected by measures taken from Brussels but what is perhaps most strikingly important to see right now he's at the while you says okay we shutting down the borders or outside borders and none of the more critical question needs today that member states have posted their own lock downs and there are very many let's say he problem for our citizens to travel we've been in the European Union and this and this guy didn't issue of Wonderland heads of European Commission of amongst other things yesterday and said well we need gov called on governments to coordinate border closures I'm saying the commission is going to unveil recommendations on how to keep goods and stuff in critical jobs that would traffic queues went that eighty kilometers long reported from the brunt of Hans between Austria and Italy off to Vienna shut the front teeth so so what is your reading of that it seems to be every country for itself when you would think at this time more than any other time that would be a coordinated response from Brussels yeah I I guess this is one of the most critical time for European Union actually act together because there has been a lot of problems the recently of course we we we don't mention brexit the ship but but still got a lot of questions among citizens as well in difficult times call will European Union can protect the their interests bofa as union and to keep union working girl single market plus single of the inning internal borders as we see right now the Poland for instance instance it has blocked all the traffic from the west to the Baltic states and there are huge queues on the on the borders but the question needs a as you mentioned that the coordination is lacking at the moment between member states I guess this is the only initial stage and we kept over it all day we have to recognize that that these these at the moment there are European member states must understand that the the fight properly against the spread of fees that the water is we have to work together until just three absolutely because this is a possible issue with it is a global issue the other issue is how people coordinate when it comes to protective equipment when it comes to ventilators Germany makes the majority of the ventilator support that be how that coordination happens in agreements happen a sign of going forward in the coming weeks how well the European Union does work as a body to help one another out yeah absolutely because we have seen Italy also can help from fellow old member states and the what we have seen open P. that only China has been very active B. involved in helping it's really about that but I as I said we probably in coming hours and days will recognize that we have to stop but blocking got export all of medicine and medical I keep them does it does stop and within European Union recently under the law states and and we have to work together to see where all of our resources we can commonly use to protect our people welcome to this individual the foreign affairs committee in the Senate thank you for joining us and you might remember not that long ago when president trump said he didn't want anyone coming from Shane getting the E. U. in the persons of child Michelle and this live in deland said that's a bad idea pandemic is a global crisis not limited to any continent and it requires cooperation rather than unilateral action until it doesn't anymore all of a sudden I suppose at my C. canyon is here with the sport lots to update us on my feet and to lots of meetings going on today Lawrence to discuss the continuing impact told the corona virus on the world of sports the G. seven group of fat nations had a meeting the leaders there off in the last few hours and obviously the sport was on the top of the agenda but it did come up because the Olympic Games were discussed in the prime minister of Japan Shinzo Albay says the leaders agreed to support what he called a complete Olympics which was later explained as on time with friends whether that be possible must still be in doubt European football's governing body you wafer is also hosting a video conference today with clubs and players representatives handle is federations to work out how to address the impact of the corona virus on their competitions especially you're right twenty twenty July every year is an option there are also many others and it's also about continental and domestic club competition small in Hoffman at just to emphasize the impact of the corona virus on sports his an item of news from Spain Valencia one of the biggest clubs in the country have confirmed that as they put it around thirty five percent of their players and backroom staff have tested positive for the Corunna fox how many thirty five percent Crikey that's why football's often at us many thanks indeed Matthew Moore in at ten minutes we would mention our twenty minutes of a mention of lily of the boost at being announced by governments around the country forty five billion euros in virus aid announced by the French it run the sort of puts into the shadow of the twelve billion pounds announced by the U. K. let's talk business and numbers now stock markets around the world all they in recovery mode after those massive fulls we soul wall street's worst day since nineteen eighty seven yesterday governments announcing huge amounts of money and bailouts and tight overs a sweeping Chang is here to summon up for soon yeah a mild recovery Lawrence is the best way to put it we've had some small rises in Asia are off to as you say big fulls on Wall Street last night to rest mode is investment director at AJ bell joins us live on the line now arrest brings up to speed as a choppy day trading so far yes a few markets of trying to rally they've taken so much confidence in the fact that America was talking about fiscal stimulus and president trump is getting agreeing with Democrats to stop spending government money provide grants loans tax rebates the company's individuals without that France is looking to do similar things and the UK strands of the exchequer region soon act having declared a thirty billion pound package last week is now talk about further action as well so at the kitchen sink as it were and then oversee governments the adding zeros to the checks are I suppose that they remain the rich and I do I mean do you think they will be welcomed by investors all round I think they need to be targeted I think investors of not being convinced by the interest rate cuts from central banks and more qualms with easy because that's a bit of a scatter gun approach I think investors are also that we're getting to world level where interest rates in theory at least can't get much lower governments can offer things like tax holidays for example which all all states banks debt for batteries that's one of the big issues coming up now people get a chance not to pay their interest builds in the UK corporations and households pay twenty eight billion pounds in interest every three months so if you give him a breather from that that would help an awful lot of people and companies through with a cash flow problems so I think that looking markets now looking to target solutions not bazookas I don't think we've seen some big full was recently where investors targeting the FAA well the worst that research at the travel companies and lines for example that's absolutely how much what's interesting is that the next worst hit group as being thanks and I think that's the case again this issue of debt global indebtedness is sixty percent higher than it was in two thousand and seven hundred fifty five trillion dollars if companies and individuals struggle to repay their debts it's the banks were on the hook and that's why they've been suffering the most this review and you think this roller coaster ride on the market is going to continue was that the fear index in America the Vic's index which looks at how much markets may swing open down that reached a record high yesterday so markets do expect markets remain very very choppy going forward one thing you can say when the big six a record level normally get a bit of a rally because things are oversold in the short term how long it lasts he's more of an open question question indeed Russ mould at AJ bell thank you very much and thank you so much for calling about the fear index that should be the first place we go in the morning should be should give an update on the virus events and the fear index as well so we've been trying with the business that's way too much you run out of jail this is what you have to be the jail you know the the fear in the index in the mix as well and I will going to jail run don't you right now let's talk about France's president Emmanuel macron he made this televised statement to the nation last night during the front was in a state of war against the corona virus now the country's assaults on the disease include shutting all balls and restaurants and non food shops and the nation ski resorts like those in Switzerland Italy and Austria they will be closed and there's been quite a lot of anger from holidaymakers that the French government didn't make that announcement when the president made a speech just last Thursday they say well he knew he was going to do this why did you let me go up a mountain and then make a speech well this move we got has left thousands of people stock up those mountains with nowhere to go as Emma Jane Kirby found when she went to lace up these days there's only one way to enjoy from since ski resorts by walking the when the French prime minister Edouard Philippe announced the closure of false and restaurants on Saturday evening it sounded the death knell for skiers without a food supply in the mountains the lift operators the.

U. N. security council Iran
"aj bell" Discussed on WNYC 93.9 FM

WNYC 93.9 FM

12:05 min | 1 year ago

"aj bell" Discussed on WNYC 93.9 FM

"Joe Biden in the lead at the G. so the chorus of full support that with that many Sundays that but what about California which is home to the biggest number of dedicated a data gets our correspondent Peter bos is in Los Angeles and he joins us now at now Joe Biden in the lead at their peak so what's the news out of California and the results well we don't have the official result just yes of course it's a huge state it does take time to out of all of those votes and organizes here have been saying for some days that they didn't expect it in the immediate hours after polling it couldn't say indeed take several days before we get the final tally but it does seem that Bernie Sanders is in the lead this is potentially the biggest prize of the night in terms of the number of delegates although it isn't a winner take all situation it's a proportional system so while Bernie Sanders is likely to get the most we can expect the Joe Biden will get a certain proportion potentially quite a significant proportion of those delegates to add to his final tally from all over the states and in California it was the Hispanic vote that was the key a vote there for Benny Sanders Bernie Sanders is always been strong with Hispanic communities that not only in California but around the country but as close as such a significant part of the California community another factor could have been the fact that early voting happens in California and he has how this momentum for some time now will roughly fifty percent of people here chose to vote early and of course that happened before the recent momentum behind Joe Biden which we didn't start until the last couple of days and when we look after the elections in the United States generally we talk about the amount of money that goes into these campaigns but money didn't really play a huge part when it came to super Tuesday when it came to this campaign because Michael Bloomberg not anywhere in the front it doesn't look like it was five hundred million dollars well spent it certainly hasn't achieved his goal of of of getting a sick significance and and number of votes at this stage in the campaign and it was a very unusual tactic opting out of the early caucuses and primaries spending all that money on it a television advertising campaign and really pinning everything at least in the beginning on super Tuesday and it just hasn't worked for him the question now is will he stay in the company in a toll for the primaries coming up in the next few weeks or will you choose to opt out and also what role can he play in this campaign as these two candidates go forward but let's look at the two run you know the truth two frontrunners both white men in their seventies this started off with a very diverse field what happened well it's fascinating that's able which was a very diverse field as you say and it has come down to these two veteran politicians as you say both in the late seventies both white men they've both been around Washington for a very long time and I think the issue for a lot of people and the reason why Joe Biden especially is searching for what is that they quite simply see him as the best bet to beat Donald Trump even if and a lot of people have been saying this talking to people outside polling stations questioning them about their devotion that pops even that voting tactics saying that they are looking for a candidate who they believe complete don trump even if they don't fully represent all of their policy views so Joe Biden or indeed Bernie Sanders may not be the perfect candidate but they're looking for someone who can quite simply get Donald Trump over the White House indeed and that that thank you very much that's a pizza bows out B. B. C. peep to boast talking to us there from Los Angeles and Los Angeles bringing us up to date with the results coming in from super Tuesday could possibly have time the sports headlines my few Kenyans here that morning large big blow to the organizers of the new basketball Africa league which had been due to start on the thirteenth of March it's backed by the MBA and by the sport's world governing body FIBA lots of big name stars talking about two twelve club teams across Africa to you to take part but at the request of the Senegalese government and it was due to tip off in Dakar on March the thirteenth the stock has been postponed to a date to its will yet to be fake and that has yet to be fixed because of concerns about the coronavirus covered nineteen there are a couple of cases of coronavirus in Senegal and the government have a last organizes to put it back we'll have more reaction to that in sports today at nineteen thirty GMT and then focus on Africa later here on the baby say another event that has been pushed back because of the corona virus the Asian rugby sevens due to take place in Japan and canceled which is a blow to Olympic organizers because it was supposed to be a test event for the Tokyo games show events in the build up to their take care games being put back even as the organizers at least the IOC very firmly saying that there are no plans to reschedule Tokyo twenty twenties with dark stories clearly going to develop over the days and weeks and possibly months to come keep you posted here on the baby see the other headline of course yeah I can call up saying that Liverpool did all they could in their F. A. Cup defeat against Chelsea much much sign of the kids who played in the last couple of rounds for Liverpool to have the big guns out to the end I would request to Firmino and Mohamed Salah joining such a money on the pitch but it's Chelsea who go through to the quarter final tool that takes place later on today thank you and if honesty of the business news yes Sir we're back to corona virus the World Bank has committed twelve billion dollars in aid for developing countries grappling with the spread of it and this package includes local slow loans groans and technical assistance and this action comes as lenders around the world pledged to shield their countries from economic impact of this outbreak there are three is that the economic slowdown could take countries into recession America's central bank the federal reserve has done something it only does in a crisis and I'm sure does cut in interest rates Hoffa percent the last time you did this was in two thousand and eight in the middle of the banking crisis Russ mould investment director at AJ bell how did the markets reacted to this move they've reacted with shock rather than or actually so the Dow Jones industrials America's headline stock index it went down three percent giving up a lot of its gains from Monday and gold went up three percent which I think is probably the darts opposite of what the American central bank wants it and you know when we look at it historically do these interest rate cuts actually help disable for session well they didn't seem to thousand three to two thousand and two thousand two thousand three and I didn't in two thousand and seven to two thousand nine I think that's what stock markets worried about the economy on the face of it is pretty much as good as it gets for unemployment at a sixteen year low but trade had been slowing global debt is more than sixty percent concrete walls stocks of the last crisis so there are some preconditions that for slowdown and do you think this was a political or economic decisions because we know president trump has been calling for this for a while he also called for more interest rate cuts already saying the fed has W. off something also be combination the two I think some people are also worried that the fed has been looking to support financial markets rather than necessarily the global economy I'm I'm sure that rejects that but the question is if they are trying to help the economy how does lowering borrowing costs help when it's supposed to front to fly from Miami to Milan does matter what the or we can see that you're not going to go so things are not looking great as I've just heard from Russ mould investment director at AJ bell and we've also just heard the Japanese carmaker Toyota have said that the car sales in China which is the world's biggest auto market fell by seventy percent so no good news across various different industries thanks very much on nineteen minutes past the hour another migration crisis on the eastern borders of the European Union has been reignited by the Turkish president Recep Tayyip Erdogan he's allowing migrants at moment in Turkey to stop moving towards the border with Greece upsetting the balance of misery that was guaranteed by the EU Turkey agreement from twenty sixteen which you'll remember was aimed at limiting movement across the border in exchange for financial inducements believe E. U. is set saying it fully supports Greece in its attempt to secure that border one of the preferred points of entry on the border on the Greek islands which are just off the Turkish coast let's talk now to Hannah Smith she's a journalist from the times newspaper in London on the island of Samos the Greek island of Samos been covering situation situation here is really tense and some losses as I see the closest islands in Texas man runs its closest point it's less than a kilometer it's great because you can actually pick out the buildings on the take the show so that's the reason why it's taken much of the brunt of this crisis not just now but for the past five years and if you talk to the people on the silence I was I will actually you know it might be back in the headlines now in person and other places but actually hit the crisis has never gone away there's a compound some aside and just outside the main town which was set up in twenty sixteen when Turkey struck a deal with the European Union that was meant to stop this crisis not accomplishment to be a presence in sense that what people who arrive to be registered and then sent back to Turkey but in fact that's never happened and the and now that has a capacity of six hundred and fifty actually there are more than eight thousand people now living in that compound in kind of side eats hadn't send and temporary structures around the comp so it's really a fairly desperate situation both for the people who are coming from Turkey the people wanting to get your policy living in terrible conditions not comp but also for the people living on this island this is an island with relation of thirty thousand it's almost entirely reliant on tourism for its income the people had run hotels and restaurants and tourism businesses they make all that money in the summer months and then survive ever the winds have I'm what they really fair is that you know this new crisis again hitting the headlines it's great to have a really devastating impact on the business as it did in twenty fifteen and when you hear a warm words of what they have warm words from the European Commission to me that one action is anyone doing anything to help the situation both for the islanders and that guests as well I mean money has been promised but does money make a difference does money trickle down to an island like where you are well the thing is it on the head that the people have fill out your bonds and not time you by the European Union but also by Athens is a huge amounts of anger hate towards the ads would that work Greek government they've had promises time and time again that they regard to be transferred to people from the islands the main lines to relieve some of the pressure would need to talk is the new Greek prime minister was that was elected last year that was one of his first proms isn't it still hasn't happened there are some transfers of people every week but then I went nah matching the numbers arriving especially now that everyone has a gun I just borders and also they're incredibly angry at the E. U. of the ticket Germany I mean let's not forget this in twenty fifteen angle of medical made this statement to Syrians and the sick that she said you are welcome you are all welcome here and yet that was when the cut it was driving factors driving a lot of people trying to reach Europe well what the Greeks his size okay Gemini made that statement but it says dealing with the fall out of that and if if Germany was true to his word he should be helping to to meet some of these people to the countries that they want to get to and then to the.

Joe Biden California Peter bos Los Angeles
"aj bell" Discussed on KQED Radio

KQED Radio

12:06 min | 1 year ago

"aj bell" Discussed on KQED Radio

"Well Joe Biden in the lead and the G. so the car is set up for support that with that many Sundays that but what about California which is home to the biggest number of dedicated a data gets our correspondent Peter bos is in Los Angeles and he joins us now at now Joe Biden in the lead at their peak so what's the news out of California and the results well we don't have the official result just yes of course it's a huge state it does take time to out of all of those votes and that organizes here have been saying for some days that they didn't expect it in the immediate hours after polling it couldn't take Indy takes several days before we get the final tally but it does seem that Bernie Sanders is in the lead this is potentially the biggest prize of the night in terms of the number of delegates although it isn't a winner take all situation it's a proportional system so while Bernie Sanders is likely to get the most we can expect the Joe Biden will get a certain proportion potentially quite a significant proportion of those delegates to out to his final tally from all over the states and in California it was the Hispanic vote that was the key vote therefore Benny Sanders Bernie Sanders is always been strong with a Hispanic communities that not only in California but around the country but as close as such a significant part of the California community another factor could have been the fact that early voting happens in California and he has how this momentum for some time now will roughly fifty percent of people here chose to vote early and of course that happened before the recent momentum behind Joe Biden which really didn't start until the last couple of days and when we look at the elections in the United States generally we talk about the amount of money that goes into these campaigns but money didn't really play a huge part when it came to super Tuesday when it came to this campaign because Michael Bloomberg not anywhere in the front it doesn't look like it was five hundred million dollars well spent it certainly hasn't achieved his goal of of it getting a sick significance and and number of votes at this stage in the campaign and it was a very unusual tactic opting out of the early caucuses and primaries spending all that money on it a television advertising campaign and really painting everything at least in the beginning on super Tuesday and it just hasn't worked for him the question now is will he stay in the company in a toll for the primaries coming up in the next few weeks or would you choose to opt out and also what role can he play in this campaign as these two candidates go forward but let's look at the two run you know the truth two frontrunners both white men in their seventies this started off with a very diverse field what happened well it's fascinating that's able with wolves that are very diverse field as you say and it has come down to these two veteran politicians as you say both in the late seventies both white men they've both been around Washington for a very long time and I think the issue for a lot of people and the reason why Joe Biden especially is searching for what is that they quite simply see him as the best bet to beat Donald Trump even if and a lot of people have been saying this for talking to an outside polling stations questioning them about their votes and that perhaps even that voting tactics saying that they are looking for a candidate who they believe compete on trump even if they don't fully represent all of their policy views so Joe Biden or indeed Bernie Sanders may not be the perfect candidate but then looking for someone who can quite simply get Donald Trump over the White House indeed and that that thank you very much that's a peach of bows out B. B. C. people to boast talking to us there from Los Angeles and Los Angeles bringing us up to date with the results coming in from super Tuesday could possibly have time the sports headlines math you can answer that morning large big blow to the organizers of the new basketball Africa league which had been due to start on the thirteenth of March it's backed by the MBA and by the sport's world governing body FIBA lots of big name stars talking about two twelve club teams across Africa to to take part but at the request of the Senegalese government and it was due to tipoff in Dakar on March the thirteenth the stock has been postponed to a date that will yet to be fake and that has yet to be fixed because of concerns about the coronavirus covered nineteenth there are a couple of cases of coronavirus in Senegal and the government have a last organizes to put it back we'll have more reaction to that in sports today at nineteen thirty GMT and then focus on Africa later here on the baby say another event that has been pushed back because of the corona virus the Asian rugby sevens due to take place in Japan and canceled which is a blow to Olympic organizers because it was supposed to be a test event for the Tokyo games show events in the build up to to take care games being put back even as the organizers at least the IOC very firmly saying that there are no plans to reschedule Tokyo twenty twenties with dark stories clearly going to develop over at the days and weeks and possibly months to come keep you posted here on the baby see the other headline of course you're going top saying that Liverpool did all they could in their F. I cop defeat against Chelsea not much sign of the kids who played in the last couple of rounds for Liverpool they have the big guns out to the end I would revert to Firmino and Mohamed Salah joining such a money on the pitch but it's Chelsea who go through to the quarter final tool that takes place later on today thank you founded on as you were the business news yes sewer back to corona virus the World Bank has committed twelve billion dollars in aid for developing countries grappling with the spread of it and this package includes local slow loans groans and technical assistance and this action comes as lenders around the world pledged to shield their countries from economic impact of this outbreak there office of economic slowdown could take countries into recession America's central bank the federal reserve has done something it only does in a crisis and I'm sure does cut in interest rates Hoffa percent the last time you did this was in two thousand and eight in the middle of the banking crisis Russ mould investment director at AJ bell how did the markets reacted to this move they've reacted with shock rather than or actually so the Dow Jones industrials America's headline stock index it went down three percent giving up a lot of these gains from Monday and gold went up three percent which I think is probably the diaries opposite of what the American central bank wants it and you know when we look at it historically do these interest rate cuts actually help disable for session well they didn't seem to thousand three to two thousand two thousand two thousand three and I didn't in two thousand seven to two thousand nine I think that's what stock markets worried about the economy on the face of it is pretty much as good as it gets for unemployment at a sixteen year low but trade have been slowing global debt is more than sixty percent currently world stocks of the last crisis so there are some preconditions that for slowdown and do you think this was a political or economic decisions because we know president trump in calling for this for a while he also called for more interest rate cuts already saying the fed hasn't diagnose something also be combination too I think some people are also worried that the fed has been looking to support financial markets rather than necessarily the global economy I'm I'm sure that rejects but the question is if they are trying to help the economy how does lowering borrowing costs help when it's supposed to front to fly from Miami to Milan does matter what or we can see that you're not going to go so things are not looking great as I've just heard from Russ mould investment director at AJ bell and we've also just heard the Japanese carmaker Toyota have said that the car sales in China which is the world's biggest auto market fell by seventy percent so no good news across various different industries thanks very much on nineteen minutes past the hour now the migration crisis on the eastern borders of the European Union has been reignited by the Turkish president Recep Tayyip Erdogan he's allowing migrants at moment in Turkey to stop moving towards the border with Greece upsetting the balance of misery that was guaranteed by the EU Turkey agreement from twenty sixteen which you'll remember was aimed at limiting movement across the border in exchange for financial inducements will the E. U. is set saying it fully supports Greece in its attempt to secure that border one of the preferred points of entry on the border on the Greek islands which is just off the Turkish coast let's talk now to Hannah Smith she's a journalist from the times newspaper in London on the island of Samos the Greek island of Samos been covering situation situation here is really tense in some losses especially the closest islands which manages its closest point dressmaker Amritsar because you can actually pick out the buildings on the techie show so that's the reason why it's taken much of the brunt of this crisis not just now but for the past five years if you talk to the people on the silence I was I will actually you know it might be back in the headlines now in person and other places but actually hit the crisis has never gone away there's a compound Samos island just outside the main town which was set up in twenty sixteen when Turkey struck a deal with the European Union it was meant to stop this crisis not accomplishment to be a pricing sense that what people who arrive to be registered and then sent back to Turkey but in fact that's never happened and the and now that has a capacity of six hundred and fifty actually there are more than eight thousand people now living in that compound and kind of sad eats hunts and and ten pre stretches around the comp so it's really a fairly desperate situation both for the people who are coming from Turkey the people wanting to get your policy living in terrible conditions not comp but also for the people living on this island this is an island with a population of thirty thousand it's almost entirely reliant on tourism for its income the people had run hotels and restaurants and tourism businesses they make all that money in the summer months and then survive ever the winds have I'm what they really fair is that you know this new crisis again hitting the headlines it's great to have a really devastating impact on the business as it did in twenty fifteen and when you have warm words when they have warm words from the European Commission personally they want action is anyone doing anything to help the situation both for the islanders and that guests as well I mean money has been promised but does money make a difference does money trickle down to an island like where you are well the thing is is it on the head that the people have fill out your bonds and not time you by the European Union but also by Athens is a huge amounts of anger hate to ward stay at towards the Greek government they've had promises time and time again that they regard to be transfers of people from the islands the main lines to relieve some of the pressure when me to talk is the new Greek prime minister was that was elected last year that was one of his first proms isn't it still hasn't happened there are some transfers of people every week but then I went and matching the numbers arriving especially now that everyone has a gun I just borders and also they're incredibly angry at the eve of the ticket Germany I mean let's not forget the ten twenty fifteen I'm glad medical made this statement add to Syrians and the sick cat she said you are welcome you are all welcome here and yet that was when the car is driving factors driving a lot of people trying to reach Europe well what the Greeks his size okay jam the made that statement but it says dealing with the fall out of that and this is Jim he was true to his word he should be helping to to meet some of these people to the countries that they want to get to and then to the.

Joe Biden California Peter bos Los Angeles
"aj bell" Discussed on WNYC 93.9 FM

WNYC 93.9 FM

08:23 min | 1 year ago

"aj bell" Discussed on WNYC 93.9 FM

"Sent a strong message of support to Greece in its attempts to stop migrants crossing its border from Turkey according to the Greek government at least twenty four thousand people have been stopped since Saturday they began the trek to cross the border of to techie lifted controls on migrants fleeing the escalating conflict in Syria and abandoned a deal it struck with the European Union in twenty sixteen Nicolas Panigale to Paul this is senior area manager for the international rescue committee on the Greek islands of Lesbos and NGOs he joins us now welcome to the program Nicolas just tell us about the situation on the islands which is just off the Turkish coast isn't it yes hi hello good morning the items are very close to the Turkish coast situation right now is very tiny house the decision to get some centers on the Aegean islands are six times over capacity in over thirty thousand people the staff is most needs to get to the needs of six thousand people now we know the story of a about the young child dying when a boat capsized off that island of Lesbos on Monday following that death what sort of mood does it set up for the rest of the migrant community I'm not going to speak on behalf of day to community newspapers that the incident I understand that there are certain non members of the community that are very very sad with this incident posted there are others who don't know about it what I didn't know was that there's a lot of pressure these because just also want to move to the mainland are there some fake news moving on and disturbing the social life in the island so it's a very tough situation overall show when you hear the E. U. chief saying that Greece said that you know is the Europe shield basically Corning Greek the Greek border the European border when you hear leaders in Europe speak like that what's your reaction to a statement like that I'm afraid I cannot comment on this one because this is more of a European common values and things working here on the on the Greek islands okay sorry that that's fine let's talk about the Austrian prime minister Sebastian Kurz he's the excuse the Turkish president recip type as one of using the migrants as poems at migrants being used by taking to extract more money from the European Union is that a fair enough analysis up we've overruled the people are stuck with the protection of being used as pawns in dese game between different governments not only the Turkish government the decision of taking over the borders demonstrate the inadequacy of the current policies one of my there are people in homes this the people who are living in Turkey let that someplace he's accustomed city are going on Jeez floodgates just very briefly what would you think should happen next I you don't plan to shoot that I needed to be happy to answer any questions should be that Ross U. member states and we don't get this kind of stuff on the Greek islands we need to have an impact on migration and send them to school to be announced on this spring and you have an opportunity to re audience response I need to do use this brush starting to predict that unfair and human system that's what I've holder I just people need to be transportation we think and I'm gonna do you know okay thank you very much and necklace upon against a policy joking to us that he is the senior area manager for the international rescue committee on the Greek islands off labs Lesbos anxious about coming up to seventeen minutes past the others used it with Lawrence and Connie headlines of Joe Biden was done rather well sealing his comeback on super Tuesday in the race for the White House at reports that Facebook is rethinking its plans for its own digital currency and one of the senior members of the British government is facing allegations of bullying civil servants support Matthew canyons here at Liverpool tried everything according to that manager Jurgen Klopp but it's Chelsea who go through to the quarterfinals of England's F. I cop after two nil win on Wednesday night at Stamford bridge three defeats Tuesday night is Wednesday today isn't it sorry I'm confused getting ahead of myself it was Tuesday night don't advance the weight too quickly three defeats in four games for Liverpool and this time next week they have to bounce back in the European champions league against Athletico Madrid elsewhere the first of a possible African league season has been postponed because of the corona virus had been due to start in Dakar in Senegal on Friday but organizers say they're following the recommendation of the Senegalese government and putting it back twelve teams from across the continent would you to take part in the league which is a partnership between the NBA and the world governing body FIFA the list of sporting events being affected continues to grow but the international Olympic committee said yesterday that the take your games they are still assuming will be set for July and August we're gonna be talking about the situation as well and just man thank you message from could be talking about super Tuesday even those Wednesday all the time it's nice out but I thought yesterday was Wednesday I died today I wish his account not right I'm like the plane's functions so as I said that we're gonna be talking about Olympics and Japan and having sorted out her days of the week but we gonna talk for those of children impacts in Japan a corona virus but then what can what can finances do about the spread of corona virus white solutions economically without business news Ivana Davidovich is here with news of the World Bank and money yes the World Bank has committed twelve billion dollars in aid for developing countries grappling with the spread of the corona virus and leaders around the world are kind of trying to shield their countries from the economic impact of the outbreak America's central bank the federal reserve has done something it only does in a crisis an unscheduled cut in interest rates Hoffa percent last time we did this was in two thousand and eight in the middle of the banking crisis Russ mould investment director at AJ bell joins me live good morning Russ how it's reacted to this move out they've reacted with shock rather than or actually so that that that the Dow Jones industrials America's headline stock index it went down three percent giving up a lot of these gains from Monday and gold went up three percent which I think is probably the direct opposite of what the American central bank wants it and you know when we look at it historically this is do these interest rate cuts actually help disable for session they didn't seem to thousand three to two thousand and two thousand two thousand three and I didn't in two thousand seven to two thousand nine I think that's what stock markets worried about the economy on the face of it is pretty much as good as it gets for unemployment at a sixteen year low but trade had been slowing global dance is more than sixty percent concrete walls stocks of the last crisis so there are some preconditions therefore slowdown and do you think this was a political or economic decisions because we know president trump in calling for this for a while he also called for more interest rate cuts already saying the fed hasn't done enough something also be combination too I think some people are also worried that the fed has been looking to support financial markets rather than necessarily the global economy I'm I'm sure that rejects that but the question is if they are trying to help the economy how does lowering borrowing costs help when it's supposed to front to fly from Miami to Milan does matter what the bar we go see that you're not going to go it doesn't look very helpful does it Russell thank you so much thank you thank you to Ivana as well that's one angle on the virus outbreak Italy and Iran remain two of the hot spots of the virus outbreak outside China but also South Korea and Japan as well now South Korea at the prison is declared war on the virus with extra hospital beds and face months and Japan is saying or at least was of the international Olympic committee is saying about Japan that the Summer Games will go ahead in Tokyo the country of course struggling to contain the outbreak the government says it's going to increase the number of people being tested amongst concern that we've heard before that the true number of cases might be far higher than officially reported his the BBC's Jenny hill.

Greece Turkey Greek government
"aj bell" Discussed on WBZ NewsRadio 1030

WBZ NewsRadio 1030

01:38 min | 1 year ago

"aj bell" Discussed on WBZ NewsRadio 1030

"Traffic on the three trouble trouble trouble we have problem southbound on the expressway is that right lane broken down truck just before the mass AB offramp in traffic is really bunching up behind it so you want to give away over to the left hand side north expressway inching along still easement square past Columbia road and again getting into the o'neill tunnel HOV lane traffic is heavy and the Poncet every three is not bad one twenty eight north bound just as some heavy traffic still from route nine Wellesley to route twenty in Waltham but that's an improvement ninety five north bound slow for about a mile getting on to one twenty eight north of town not bad at all ninety three southbound still slope Roosevelt circle into summer real route three south bound just some delays napping trouble cove getting on to one twenty eight one twenty eight still a pretty good ride for sue Lindfield and dat reading and getting up towards trimmer AJ bell road or down towards it depending on how big you are westbound store Dr work crews in place taken up that right hand lane by the B. you bridge that is what's slowing that ride their Laurie grantee WBZ's traffic on the three better by the minute here in Boston temperature still stuck at thirty one degrees but the clouds are gone the sun is in full control and will see forty by the time this day is over this is WBZ news radio ten thirty with the news watch never stop so it's a little cold this morning it is January still and we're gonna feel it tonight as temperatures are going to drop into the twenty's in many areas may be below that too in some sections haven't seen that kind of cold in quite some time good Wednesday morning I'm Jeff brown thanks for being with us here are the five things you need to know at nine fifteen close to six thousand cases of the corona virus have.

Waltham sue Lindfield WBZ Laurie Boston Jeff brown
"aj bell" Discussed on WNYC 93.9 FM

WNYC 93.9 FM

06:46 min | 2 years ago

"aj bell" Discussed on WNYC 93.9 FM

"Of Oklahoma were judge ordered US health care giant Johnson and Johnson on Monday to pay five hundred and seventy two million dollars in damages for its role in fueling the state's opioid addiction crisis in the first civil trial of a drug maker over an epidemic that has cost hundreds of thousands of overdose deaths the judge said prosecutors had demonstrated that Johnson and Johnson contributed to a public nuisance and it's deceptive promotion of highly addictive prescription pain killers Oklahoma's Attorney General Mike contra welcomed the judge's ruling we are disappointed and disagree with the judge's decision we believe that it is flawed we have sympathy I do apologize this is actually the clip from Johnson Johnson's lawyer who said that they are going to appeal so how significant is this ruling and what could be its impact Chris Johnson is emergency physician and an expert on the opioid crisis and I spoke to him earlier in Minnesota that fine of five hundred and seventy two million dollars was only in Oklahoma which means you could have other states looking for similar damages that that that may be you know get to that level of so now we're talking about a a fine that isn't you know something you can just write a quick check for that's cost of doing business you know we'll keep you know making two billion a year with this drug now you're talking about billions of dollars that they might be responsible for it's interesting you know hearing you talk talking numbers because the prosecutors I understand had originally sought seventeen billion dollars in damages they got half a billion do you think that this amount huge as it is five hundred and seventy two million dollars in fines do you think it will impact Johnson and Johnson and and make them change or rethink their marketing strategies not if it's a one time fee of five hundred and seventy million dollars drug companies write write that off all the time but but that begs a bigger question right who makes that decision to label something as okay to use on such frequent bases that are then causes addiction but you know as a company your marketing as you know relieving pain and you know we're helping so many people with so much pain where is the accountability who holds a company accountable before it reaches that level one company can't do it all okay there the the the the the medical market place is a complicated interplay of governmental improvement agencies like the food and drug administration you have to reach the physicians because you know drug companies can't write the prescriptions themselves they have to get the doctors to say it's okay and enteral allay their fears and saying use this product you have a multi pronged approach to changing the prescribing culture and this is exactly what they did starting in the late nineteen nineties they hire Christy just thought leaders or pain experts at universities and they get them to fudge the date in say these medicines are safer than we thought they were and there really isn't evidence but they're experts in in doctors aren't really good scientists are mostly just business people trying to run their clinic so they're not really skeptical they just kind of go with what their leader tells them and so you get a prestigious art you know academic pain physician saying oh Hey we were wrong on term look and they start mining the data the literature and and see if they can get a study here there that they can twist and say it's safe and that's what they did they affected a governmental agencies the affected academic medicine and they and they infiltrate patient advocacy groups all of it given the amount of attention this has been garnering especially with America's opioid problems in the numbers that we've seen do you think that this isn't a watershed moments though not just for Johnson and Johnson but for the pharmaceutical industry at large I I would like to think so I would like to hope honestly that it's a watershed moment for the American medical system in general understand that you know Johnson and Johnson you know Janssen pharmaceuticals their corporate sponsors for multiple you know physician bodies including the American academy of family physicians these relationships with these drug companies and physicians is deep they they sponsor conferences they select the topics that get talked about and talk they they are donate to our academic societies and when you take their money your voice is compromised there's no way around this we are muted as physicians in our response to this because we enjoyed the the looker that they provide us Chris Johnson their emergency physician an expert on the opioid crisis in the United States and how is the fine going to affect the company's share price for those who don't know the ins and outs of stock market should expect she has to have gone down party that isn't quite so simple and times and thought about business stuff is here to explain what's been happening times will invite shows went up by a significant four percent at U. S. small cakes will I be shortly so we'll see how they do today but it's all down to the fact that Oklahoma state had also billions of dollars in damages at like you mentioned not millions so well the judge did rule that the company did run as he say as he said to a false and dangerous set sales campaign that caused addiction and death the fine really was small change for such a big company a market shares were bullied by the knees as Russ malls investment director at stock brokers AJ bell explain to me I think it will surprise a lot of people if the company's fine five hundred and seventy two million dollars by an American cult that the share price went up but that's what happened on this occasion but that's because the local Attorney General had been demanding seventeen billion dollars so the initial payment demanded by the judge was much lessons expected on the company also said it's going to appeal so from the company's perspective in the best case it may end about keeping up nothing whatsoever so then what is share prices looking like today Hey well the Johnson Johnson share prices is a little bit higher I mean we now go that's appealing going there's another legal case it's running that they they initially lost in the state of Missouri where there are I think twenty two month this at suing the company for ovarian cancer which they sizing was the result of funding as best Austin Johnson Johnson talcum powder so that's about four and a half billion dollars that case was won by the plaintiffs the twenty two women but again that is now being appealed so changes lawyers at least a fitting quite pleased himself at the moment even if the companies under some legal pressure in certain parts of its business and that's Ross mold investment director at stock brokers AJ bell many thanks indeed with the business times and vote cases young hanging June who's an old.

Oklahoma Johnson seventy two million dollars seventeen billion dollars seventy million dollars twenty two month billion dollars four percent
"aj bell" Discussed on WNYC 93.9 FM

WNYC 93.9 FM

04:30 min | 2 years ago

"aj bell" Discussed on WNYC 93.9 FM

"Show Mr. Zilenski mister Peres Shinco and Juliette Timoshenko as the leading contenders. Three candidates in a battle between two of Ukraine's richest and most powerful oligarchs our correspondent John official reporting. There reminder of our headlines, the British Prime Minister, Theresa may has urged MP's to back the altered Brexit deal. She has negotiated with the European Union when they vote on its later on Tuesday more in that from Kearney and business news as well. Singapore has temporarily banned all variants of the Boeing seven three seven max h from its airspace. Meanwhile, an investigation into what caused the crash of an if European plane that killed one hundred and fifty seven people continues, our correspondent Emanuela many there several pieces of information that have come up do know that during the flight, the visibility was very good from various people we've had from the top. Airline saying that even the pilots himself who is named as captain yada. Guitar chew was a very experienced pilot, and that he had requested after soon after take off to go back to our this after finding out that he had some bit of technical problem. That was the last communication. He had. That is the details that we have so far we expecting that as the investigations continued into this crush. We will be getting more details. But he's too early to say what really happened before the cuff came down our correspondent from Adisa baba there. Let's get some sports news now our Ross's here. Thank you and ten months and two failed manages laters in a dean's. It Dan is back in charge of rail Madrid. He's replaced Santiago Solari with the club. Twelve points of Barcelona in the Spanish title, race downs of all domestic and European competitions. Cross town rivals Athletico Madrid are in Champions League action later, they take a to know lead to your mentors in their second. Leg looking took place in the quarter-finals. Russell Westbrook claims racist abuse provoked, his swear Laden rant against to fans in his Oklahoma City. Thunder win out the Utah, Jazz, the time NBA all star claims the couple he was shouting out had gestured that he should act like a slave and the diamond league is getting smaller. They'll only be twelve meetings in the calendar of elite athletics events next year down from the current fourteen. Some disciplines will also miss out. There's no word on which ones as the number of events is cut from thirty two down to twenty four hour Ross with the sports many. Thanks business news now Lynn, a little more on our top story. And the British pound has risen on the news of this agreement between president Yonker and Theresa May on a way forward potentially in the Brexit negotiations will is here. Shaima pound currently at one dollars thirty two. It's been in quite a while up about a percent and a half in just the last couple of days on potential news of this. Brexit breakthrough Russ mode. The investment director at the British investment firm AJ bell, and Russ why this rise I guess on the currency markets. What do they think is happening here? Well, I think there's there's a there's an assumption that the UK will now warnings to reach some will manage to reach political settlement. We both the European Union deep each and government zero hope now that in a parliamentary vote this evening. The conservative government will minds regret with yourself accepts the deal is being proposed by the European Union. At the UK will leave the European Union in an older -ly fashion with a transition period and not crash out of the European Union on the twenty ninth of March with the real nobody knows what that could mean to the British or European economy as Connie and her guests at college green in Westminster outside the house apartment a little earlier in the hour was saying this deal could still face a huge defeat and tonight. Marketplace that in all I think there's I think I think there is an element of wishful thinking here. I mean, it's interesting the leading pro Brexit MP's like Jacob Riis marketing, they will take their lead from the Democratic Unionist Party the Northern Irish party. They go ten seats out of six hundred fifty in the British parliament yet, they may actually have the decisive influence h by knowing says that prime minister may actually get this agreement through parliament. And I think you'll position like Apache w saying he goes against it. Wishful thinking on Russ your sector financial services has been one of many that big leaders in that sector of said if there's no deal or no range moments with the European Union after Britain leaves the jobs could move businesses could move have we seen anybody in your sector doing that yet or has that just been threats.

European Union Russ Theresa May Kearney Ross Russell Westbrook MP Prime Minister Dan parliament Jacob Riis mister Peres Shinco Ukraine Adisa baba Singapore Athletico Madrid Democratic Unionist Party Juliette Timoshenko Madrid
"aj bell" Discussed on Tha Boxing Voice

Tha Boxing Voice

05:10 min | 2 years ago

"aj bell" Discussed on Tha Boxing Voice

"I got got the bad areas. As I got both, my straps. I eight miles. This was vacant. I I can't like this. Hm that'd be sulky. Muggy heavy, Mike. This was Marcus. I win it in the ring. But this is bacon for border wars. We're going to be putting this up June. First. Right fight because I'm in crested. This is Dom. And this is all dumb is. Okay. And then you see, you know, so like, you know, shot out to the I b o they believe in board awards little by little board awards growing can't wait for the day like footlocker, somebody sponsors us. So we can take global. But till then we got the abbey. Oh, just in case you like some little fake one eye open it up. Diamonds bring your right there. Right there. You said that. Dog man look at on. That's another little Ibero dominant crusted being. Plus, they got the Black Panther. You know this. No, no, no, no, no, panther, hamper. That's why you thought yesterday us convince you. I mean, it might snow can get you for some pampa too. But whatever you are right. Not with the I b o from anyway when the mud. When the mud. He's headed. No had it. Oh crawford. Haney beat. Oh, utah. My angle Donnie and year you have a nightmares. Do linings Alani as food ins baby running your own is is the IB oh fame. Dobra cross going unifier. You who you AJ? Oh, no. If I was eighty I was going to do it like this. He do it on one hand. He. He. You do he. He actually he actually holds it. Like all the belt, right? Have more than one. Has actually. He has he has to use two hands because he actually has more than one belt on like champion. He has many. Because they go right ahead. Ring border wars Chan, so you know, how many how many us, oh, he on us hands might get a damn Krista IBM to yell. Tell Neil can get it. Tell anybody. See neil. Stott carrier AJ bells confiding, this may thirty first in Boorda wars couldn- right there. I'm here. I'm here. Open challenge. Coogan smoke. Neil schmuck. Mo. Chant neces-, I won't smoke with the gym, man. They can get it, man. Even wax, y'all. Do we go twice to? NO? No once. Saying that's how I gotta let show 'em find out. I gotta find. Although it sounds like you're gonna fight forty are not going to the flight. I know some of us is because obviously we got to cover it. So two people covering how via definitely going to the to the to the fight is all mix is all married to how I gotta here. They won't be despite and then John trying to because I'm doing so should we fight like doing, you know, he's doing the seafood and all that. So saying I'm gonna run into where we all had to be be it, and you know, until the fight problem, then you from try to come back. Definitely, man. So we could switch number and we go from there. I I like that was like, oh what else I wanted to say. Oh, yeah. They just kind of do man while. Now, the New York. Yeah. Go ahead, you they got a lot of heat wine that she's while the other more sellers. The new Bali. When you think about it? You know what I'm saying? You can't really Graham. That's why. Glass, plus dang be able to ban him. Like, I don't think unless there should come from, Al. And I don't even think I'll go like tell wild like yo Marcellus. He can't come to the press com. Yeah. You yeah. Yeah..

Neil schmuck Marcus Chan Mike John pampa Haney Chant neces Donnie crawford Stott Graham utah Al Krista IBM Bali New York two hands one hand
"aj bell" Discussed on World Business Report

World Business Report

07:00 min | 3 years ago

"aj bell" Discussed on World Business Report

"A Kenyan entrepreneur. So Michael mall, trade between these two countries. What about this issue, though of Britain, being able to get more revenue from Kenya, prime minister may saying we think Africa could really be a big potential money-spinner if in future, what are the opportunities in Kenya for British business? Do you think that the Chinese and the Indians haven't already exploited in terms of road and rail projects, that sort of thing can use an cultural based economy and the is opportunity in that sector. The several British businesses that have set up rations in the car sector as well as the manufacturing sector as well. The Kenyan government has indicated that it is keen to attract international investors into the manufacturing sector. So a happy that they might be available opportunities in those sectors and others as well. And was anything concrete and specific. Greaves today in this meeting between the UK Kenya after the tongs, by minister main prison to Kenyatta said they had discussed on issues on how to enhance trade relations between the two countries. Now, the two leaders oversaw that signing of two agreements and that was one to enhance military cooperation and the other for Britain to return assets and proceeds of corruption to Kenya us Michael Kalicki speaking to me from Nairobi with more on the business option, tease Kenya may offer to British firms. I tend to Barry Mulholland. He threatened her of horticulture at a UK consultancy firm called AD a s which has been advising Kenyan grows on a new UV light technology to juice, the impact of pests agriculture, a business within Kenya's around twenty six percents of GDP. So it's quite significant into GMs of mouth people in the living and around eight percent of the population that dependent on by the commercials, subsistence agriculture. So it's. An important area for development for that country, but also for us as an expert market destination for some of these products. What are the opportunities for British companies to make money from a country like Kenya as opposed to import stuff from a country like Kenya, because I think the the former is probably what the British government is thinking about for the children. We're reporting produce from Kenya, but the purchaser and companies then the Lund they grow the books that we buy and that we can see. That's why the margin is us whether profited on those put x. but the other there is where we could profit my coaches through innovation now is a very long supply chain. It's five thousand miles and he's appreciable good. So to she made about process more efficient and more profitable for UK companies than than needs to be an increasing ongoing investment in how you maintain the shelf life for these products. This opportunity there for the university sector for consultants like us to actually come up with solutions for. These long supply chain businesses? Yes. And I think you've been dealing with Kenya for about five years and experiences that being then we work through UK company. I'll have to say that our overriding experience of working with the guys based, the probably production sites in the puck houses has been very professional and very straightforward. Livery Cain to learn about the future. They bring up bricks regularly, talk about climate change the the very concerned about conserving them all kit and growing it. I'm what are your thoughts about Brexit it? Presumably Britain will have to strike his own. Try deal with Kenya. Once Brexit happens because Kenya has all sorts of agreements with the issue at the moment in those agreements weren't applied to Britain, wants Britain leaves, but about thirty percent of all the pro cheese from Kenya goes into the labeled as Paul via the moment. Sometimes they're all discussions negotiations around the imposing tiresome some. Commodities, tire, soul cut flowers stunned. It has been a push for tariff. The certainly the UK comes out of Europe. Then it's free to trade with Kenya and not impose tires the tool because we, we don't grow raises such as stem, put it in the case, this competitive reason to have tariff some product. So it's not really an issue for us going forwards place Brexit Barry Mulholland from the British consultancy firm eighty s economic storm clouds, building over Argentina from on that some joined by Russ mode at the investment company. AJ bell big talking point for the financial markets. This Russ, what's the latest for Argentina, the gency and currency is down in around another fifteen percent today not takes two thirteen nine to the US Dullah and to try to generate some support for the peso. The central Bank is increase interest rates from forty five to sixty percent. That's extraordinarily a stunning. I mean, Turkey has been in the headlines and when it raise interest rates is seventeen percent and. The Argentine. It can be fitting understandably, frustrated Turkey's currency is being punished because he's calling me was overheating and it didn't follow the classic western playbook of fiscal austerity an increasing interest rates, Argentina hospital. Those all autho dogs policies and has been pushed anyway. So they're probably a bit annoyed about that though. It's partly because of the drought which is hit their economy really badly and also pack because a lot of its borrowings are in dollars, and that's the same problem as Turkey. Do you think this problem is going to continue for Argentina? Advice is gonna stay sketch briefly? Well, Mr. macrey the president is asked the IMF to accelerate. It's fifty billion bailout program that may provide some stability, and I think that's gonna be the next step for the country. Russ, thanks very much. Indeed. Russ mode at AJ bell there London's main shown down no point, six percent at seven thousand five hundred nineteen. The Dow New York also lower. At the moment, it's down a fifth of a percent at twenty six thousand and sixty three. Now, if you have a pet and it dies, should you be given time off work to grieve according to a new survey, sixty percent of people here in the UK who had lost a pet, believe that yes, they should have been given leave as a result, his what some people in Manchester thought. Yeah, it will should be given time off of that pets in the pass away because you know, just as important as people why not cat died in January on with breaks up in place. It didn't have to ask anyone by definitely day off. Wei, make big enough. Yeah, I think you should be able to take some time off work because you're not going to function on the daylights out everything. Diane, James runs a helpline for people who've lost a pet. The British animal charity Blue Cross and she's been telling me about how big an impact pet bereavement can have then looks conveyor on on people. It can be also devastating from one extreme to another when we grieve with all different and the pet could be or loss linked to a loved one euro. Companion or Iman case important member of the family on it to lose link is absolutely devastating. This is a cultural thing. I know

Kenya UK Britain Brexit Barry Mulholland Turkey Kenyan government Russ Argentina Michael mall Africa prime minister British government AJ bell Nairobi Greaves Wei Argentina hospital Iman
"aj bell" Discussed on BBC - Tech Tent

BBC - Tech Tent

09:00 min | 3 years ago

"aj bell" Discussed on BBC - Tech Tent

"Thanks for downloading apple podcast. You can find out more about ten from our webpage. Goto BBC World Service dot com. Slash tech tent. Hello, and welcome to tech. I'm very climate and here we are under all digital canvas for the week's top tech chats. Joining me BBC technology reporter, Jayne Wakefield who proudly told me she was one of the first UK journalists to interview a sex robot for my say. Welcome to the program and say, here is cash Mill Hill tech Janice. That gives modo. He recently invited her smart home to spy on her. She discovered the Alexa was communicating with Amazon every three minutes you'll get from me. Kashmiris sound retelling of my children. Welcome. Thank you. Here's a flavor of what's on the way. We had a lot of conversations with our friends about how when you're in frayed long term relationships, sometimes it can be a little bit harder to keep the intimacy alive and fresh and spicy and compete makes five point four billion dollars in his business, three months to do something right. And that's why the stock has got the valuation acid. It's been a week where some of the world's greatest tech giants have shed their earnings results. All eyes were on Facebook after what's fair to say has been tumultuous few weeks, but how's it hit them in the pocket markets expert. Russ moles gives us the lowdown and he completely makes five point four billion dollars of profit in the special three months is clearly doing something right, and that's why the stock has got the valuation. It has a the hundreds of billions of dollars of stock market value. And that's the reason why sales up fifty profits up sixty. And I think most team lead for the company, the delete Facebook campaign. Some people have started Ilan. Most being one of them is yet to affect us at the company around two point. Two billion monthly average uses about one point. Five billion daily average uses those numbers. Haven't come down. Although this, we should say, these note the published numbers only go to the end of March, and I guess the eye of the storm sort of being April. So we still need to keep an eye on those. So the moment the shares of wobbled a little. A bit, but they actually regained half of their post Cambridge Analytica crisis losses in in one day after their full year results. Yeah, it stuck me as interesting that the advertisers didn't seem to have walked away just so incredibly dominant. You look at the look at the actual sales growth, Google and Facebook. Last year, they creamed off three quarters eighty percents of all advertising, revenue growth worldwide. Let's move onto giggle. Another company that famously collects an uses a lot of data centers. How did they get on? Well, again, any company that is generating thirty one billion dollars of revenues in a quarter, an enormous profit margins of our fifth of that is doing something clearly very, very right, but cost screw very quickly. Now, remember, Google is part of a broader company called alphabet and alphabet is placing lots of other bets on lots of other things, whether it's self, driving cars, flying cars, deficiency elegance. We've also had from Amazon this week. There's somewhat unique company that's in a position of being a multi-million dollar fan. That doesn't really make a lot of money. It's fascinating. I mean, nothing has been quoted since nineteen Ninety-seven. Its market capitalization for memories about seven hundred thirty two, seven hundred and fifty billion US dollars since it was founded, it's made aggregate profits of less than twenty. So you have to sit and think the prophets are gonna have to go up a lot from here to justify that stock market price tag. Now you would look at the first quarter numbers which were on the face of sensational sales, forty percent of fifty. One billion dollars in three months net profit of just on the two billion dollars in three months where they most profitable if not most profitable quarters ever. So in the face of it, huge progress that companies talking about putting up the cost of Amazon prime for subscribers. That's why shelled on stock. And the idea is inferior some stage. They'll just start to tease the prices up and that's when the prophets really flow. And finally, let's consulta crystal ball for. Apple is due to release its results shortly. It is and it can be fascinating if you're looking at the share prices of the Asian component supplies like Taiwan Semiconductor Manufacturing company shares down fifteen to twenty percent from their highs. And they've been saying, ooh, I'm really sorry. There's a bit of an inventory problem. We've got too many stocks of chips and parts because we don't think I phone eight and I phone ten selling as well as we thought. So you've got certainly one or two skeptics now asking questions because the news from the the food chair in the supply chain into apple has been very mixed. It's going to be really interesting quarter that was real smelled from AJ bell. You're listening t- tech tent on the BBC World Service with me, Zoe Kleinmond on the way shortly the technology of pleasure, but it's time now to take a look at some of the week's top stories with Jane Wakefield Jane another week in the life of Facebook. Yes, we heard earlier the data harvesting scandal engulfing the social network has not affected his bottom line, but that doesn't mean that Mark Zuckerberg can rest easy in his bed. Not yet anyway. In fact, he's something of a wanted man in the UK where members of parliament are considering issuing a formal summons to force him to appear before them. Next time, he's in a country in the in the country, and this has come about because this week they've been grilling his chief technology officer, Mike Schroeck for about the role that Facebook played in Cambridge political scandal, which will the details of up to eighty seven million Facebook users and their personal information take him without consent. And they weren't particularly happy with the answers that he gave many of which were, I don't know which just really isn't good enough for a company. That is so engulfed in controversy at the moment. And this is why they wanted a bug in the first well, yes, and suck. Dick. Do congress did sit in front of congress for many, many hours. But yes, there are specific questions the UK parliamentarians wants to put to him. So that's one thing to watch out for also emerged this week that Facebook has considered using profiles of per put people's personalities in order to better target adverts of patent was filed by the firm suggesting that they could use status, updates, messages, comments, and posts to extract personality characteristics that then could be stored to select specific news stories or adds fitted that personality type. Now, Facebook says it never used the ideas in its product and actually emerged this week when again, the academic behind the personality quiz at the heart of this row was questioned by UK parliamentarians that these tests on actually very effective or accurate as the price. Some of the tests that you see of thing. I'm not sure this is very insightful. And also Jane on on another night. An answer to the urban myth about whether you can unlock a phone with a dead person's finger, say this is a shocking story about police in Florida who entered a funeral home in an attempt to unlock a dead man smartphone the mandate being killed by police as part of a drug investigation. He was attempting to leave the scene of a petrol station. Apparently this search this way of searching for trying to unlock phones is relatively common procedure and is legal as long as police have a warrant. But it does raise questions about what is ethically acceptable and perhaps more importantly, it doesn't work according to most experts anyway. And that's probably due to the fact that fingerprint sensors such as Apple's touch ID, pick up on the slight electro charges run through living skin. In order to read a fan of fingerprints, say people hoping to get into other people's finds that method are probably not into succeed at like to bring in Kashmir hill special guest from Gizmodo Kashmir by metrics, then it does seem to be working, doesn't it? Why do wanna add on the deadman's fingerprint? A two years ago, police asked researchers at the Michigan State University to try to do a three D model of deadman's fingerprint, so they could unlock his phone. They tried and we're unsuccessful, but then they were able to do a tutti version of the fingerprint with conductive ink that recreated the kind of electrical circuits that are created by blood flowing through the finger and that did work. So yeah, it doesn't work if you just, you know, go up to the casket and push the phone to the finger, but there are there are ways that that that this can be done and it does raise all kinds of questions because you know, once you're dead, supposedly, you don't have a right to privacy anymore. Are we comfortable with the police doing this, an ethical debate, set skies, continue for show, and finally joined briefly, if you're hotel room anytime seeing he might want to sleep with your plate's on. Why's that? Say millions of electric door locks Fitch to hotel rooms around the world to be found to be vulnerable to a hack such. Say, flaws found in the equipment software, and they could recreate mosque's that I've been the ring security firm execute has been working with the Swedish manufacturer. ASA employ to create a fix. Although the firm is playing down the issue saying, took twelve years and thousands of hours of work for executes a compromise. This thing, and I did that this product is only in student a small fraction of hotels that being superseded by new technology. So you might be fine to sleep naked or any way you please for the time being the Zoe? Well, what

Facebook Apple UK Amazon BBC Google Jane Wakefield Jane Zoe Kleinmond Jayne Wakefield Alexa congress Taiwan Semiconductor Manufactu ASA US Russ moles reporter Florida AJ bell Mark Zuckerberg
England's Eddie Jones apologises 'scummy Ireland' Wales remarks from video footage

Today

02:00 min | 3 years ago

England's Eddie Jones apologises 'scummy Ireland' Wales remarks from video footage

"And whether the company's hedging its bets it employs about seven thousand five hundred people in the uk so it may lose its footsie100 status if it doesn't have a primary base in the uk let's hope it doesn't start to affect uk jobs as well thanks very much rusty mold from aj bell we're hoping to speak to paul polman the chief executive unilever on this program just after seven o'clock thank you all the time is not twenty seven minutes past six in his guardian of the sport john michelle good morning to you the first test between england and new zealand start so we today and england the currently involved in the warm up match in hamilton and i've been struggling just little with the bat let's cross to the ground and get the latest from simon man good morning well let's be good morning guys been unusual day's cricket england bowled out for one hundred ninety five but under the rules for this practice match their batting on the scoreboard says two hundred forty the thirteen you don't see that very often the only batsman to impress lancashire's liam livingston on his first senior toy made eighty eight before being caught behind in the first over after dinner break mark stoneman is body twice and being dismissed for one and two hours to cook act twice today for thirty and fourteen no one else has made it past thirty there been so many loose shots spins and route batting for a second time at the moment two hundred and forty four thirteen thank you very much chelsea will beaten three nil in the champions league by barcelona more on that match an our arsenal is women team defeated manchester city one nil to win the league cup for fifth time england face highland in the six nations on saturday and ahead of that match england coach eddie jones has apologized for comments he made about ireland an also wells at a sponsors talk chris jones reports although jones made these comments at a private event in july twenty seventeen it's still an embarrassing episode this full of england head coach who's apologize unreservedly fourth of disparaging remarks while they are a few say they will also polish is to the welsh and irish rugby unions joneses feeling the heat after back to back defeats and this will ramp up the pressure with grand slam chasing arlen coming to twickenham this weekend's jones is out to.

Arlen Twickenham Joneses Chris Jones Ireland Manchester Simon New Zealand Paul Polman UK Eddie Jones England Chelsea Mark Stoneman Liam Livingston Lancashire Hamilton Chief Executive Unilever Twenty Seven Minutes Two Hours
"aj bell" Discussed on Money Box

Money Box

06:35 min | 3 years ago

"aj bell" Discussed on Money Box

"Welcome to the downloaded Money Box, the program about your money and do listen to the end after the talking. That may be a surprise. This is the BBC news. Hello in today's program, when is a pay cut in fact to pay rise? Let's today's auto enrollment puzzle. As mortgage lenders pull the chief his deals, what other evidence has said that mortgages are going to get more expensive who will pay the growing costs of caring for the aging post-war baby boomers collecting more from affluent boomers. You're not be done out of savage pleasure in taxing them. It is done reluctantly because the alternatives are worse off Savage pleasure, fifty shades of grey power are Money Box. I'm the ban on unexpected calls about pensions leaves campaigners cold. But first nine million people who've been automatically enrolled into a pension at work face a big rise in net contributions from April. This will be the first increase since or to enrollment began five years ago. Every employer in the UK now has to put start. Into a scheme and pay into it, that from April the amounts paid in by those workers and bosses will rise. Employers will see that contributions double from one percent to two percent That's of a band of earnings, but individuals face a bigger rise that contributions will treble from one percent to three percent. That means that take-home pay will normally fall despite attempts cups that come in at the same time. No Tom Selby's with me. He's a senior analyst with investment specialist. AJ bell Thom, tell the you've got some examples for us on how the rate rise will affect wages yet. I'm sorry, I she said the automatic Romo contributions are based on a band of earning safe. You think of somebody who's earning twenty thousand pounds at the moment. He's been altering rolled into a pension scheme and hasn't opted out. They'll see a hundred thirteen pound pension contribution going in every aspect ten pounds a month on that payslip Thou change to around thirty pounds per month. From April, this year of you to give someone who's earning twenty seven thousand pounds. That's just below average wage in the UK. They BCM up fourteen quit a month going out of their wages at the moment. That's going to go up to around forty three pounds per month. From April, the lower pay people, a minimum wage will. National living wage, They will actually had a pay rise at the same time, which will offset that. So yeah, so the the impact will be on. So if you if you look at Yarra Yarra your salary slip that come through. You'll see the Patrick contribution come off, but people will have things pulling in different directions. So we'll see the income tax threshold will go up, which will push your wages in one direction. The pension contribution will pushy wages in another direction. So some people will see the actual money. They take home every week and every month go down. Some people say say to say, some people say it still say it, go up by Little bit, said they may not even notice which causes the idea of Haut-Rhin contributions anyway. But now they are getting up. It's the first rise one cent up to three percent and it's going to rise again next year. Do you think that might make more people opt-out which you are free to do potentially Am. I don't think anyone can take for granted the fact that just because the amount of money that people are taking home is going to potentially stay the same in some case or even go pillow because he get wage rise. The fact that inflations crept back into the economy means. At that money is not going to stretch as far a lot of people who are struggling to make ends meet, might see, this has been the point at which they can't put any more money into a pension. That's the one thing that's going to be optional for them when they sees this money coming out there payslip and it could be for some people one step too far. The one point I make is that the pension contribution is is effectively deferred weighty. So you've got an employer contribution be matched in there, And if you decide to opt out, it's a big decision. You go, think about your long-term future. And if you if you opt-out than essentially a missing out on free money from your and play, Yo get that in any of the way. No, of course, because not only you putting more in that as I said, your employer endless Lauren, There's a big attack subsidies. So of the extra Mount going into your pension, you'll only pay about half of it. So as as somebody said, the show me and other investment lay that one hundred percent That was Delio who thinks criticizing This is utterly ridiculous with Anyway, people tweet that sort of thing to me. And that insurance companies are also saying this on They they're saying, Don't think of it as as a as a pay cut think this is a pair. Is 'cause you're getting more from your employer, albeit into a pension. You have two epic eight in reality. What? What, what we've probably seen in the autumn Orange autumnal amok and the behavior of employers is they will. They will have already fact to descend into the increases, all lack of increases. The employees may have seen over the last few years. So if bought by by not staying in your pension scheme Muir effectively fall going money in a pension that they might have page wing wages instead. And briefly that the the deposed work and pensions says, the opt-out rate in 2017 was just under ten percent that lower among younger workers which is sensible. If you think it will change because of this oil will people really not notice all think it's worth it. This is all a bake experiment. So we'll find out as this as as this roles on as increases Colmey Nothing logically you would expect some people to opt out. But the question is whether or not the power of inertia will be strong enough to keep people, and it's a powerful pound month. Kelly thank say with us because we kind that she later on a different story now Iowa Baby Boomer. In a ball at the end of World War to up to the 1960s the rich ones with valuable homes bolt with a tax subsidy gold plated final-salary pensions, and the prospect of a long life to spend Idul in. Well, if you're already shouting at the radio maturity hair Lord Willetts a former Conservative MP and Minister Now executive chair at the resolution Foundation think-tank collecting more from affluent boomers. You're not be done out of savage pleasure in taxing them. It is done reluctantly because the alternatives are worse, cuts in the services that older people rely on. Unaffordable high public borrowing that has to be paid for eventually or even higher taxes on our kids and grandchildren who're struggling under higher costs than we face. That's why I think the time has come when we boom is again to have to region to our own pockets. David Willetts bone nineteen fifty six two talking all booming. A few things we go. All right for him, you might say with his ministerial pension than his peerage I think. Date many of you did I pay fifteen percent on my mortgage. Never had help from the government. The childcare didn't get free child bones of what all my adult life paid full tax NHS contributions. Safer that rainy day Annan plus begun to be asked to pay more quote Wells. We come to even plum for retirement as a kick changing the goalposts.

UK BBC Yarra Yarra David Willetts NHS AJ bell Thom Tom Selby senior analyst Romo Lord Willetts Patrick Delio Lauren Muir Idul Kelly Iowa
"aj bell" Discussed on FT Money Show

FT Money Show

01:50 min | 4 years ago

"aj bell" Discussed on FT Money Show

"And finally and their ability to manage and accounts via a abacha trust arrangements and that's something that actually the little bit more patchy nor all tap phones it but there are still an a number of at t and examples include aj bell heartland down as you markets and south tori well thank you very very much that emmer and kate from the investors chronicle you can read all the latest developments on this story in the money section of f t weekend newspaper the saturday and to read emma's piece about alternative platforms for investors who can no longer get the services they require from the new service check out this week's issue if the investors chronicle it's available from all good news agence from friday the new university term is about to begin and families up and down the country of preparing a pack of their undergraduates but how will they cope financially and is the high cost of a degree really worth it joining me in the ftc da to discuss his linsey cook the ftc money mental columnist welcome linsey sipe skin debt is a growing political issue today's graduates face average debts of well over fifty thousand pounds while the time they leave university and the interest rates are going up all the time how is this affecting young people's choices is not hiding his beacon effect as you might expect the number of people applying for university the shia which down about four percent quite a bit of that was down two people not applying for nothing courses because the busters no longer there and also fewer people from outside the eu were applying because that were about of under why they later i know in every are to stay at satra people are concerned parents probably more than the students because what 75 center students or graduates don't pay back their fees because they're canceled after thirty years.

emmer investors chronicle emma interest rates eu abacha ftc linsey sipe satra fifty thousand pounds four percent thirty years
"aj bell" Discussed on FT Money Show

FT Money Show

01:34 min | 4 years ago

"aj bell" Discussed on FT Money Show

"Plus one percent f foreign exchange fee to trade international hsieh's while ig markets has no foreign exchange three and it charges minimum of fifteen dollars to trade usas and amendment of ten euros to trade european jazz so either a number of options for investors who he want to give it to trade national she has to consider in in other areas for example complex investment such as covered warrants at there are also different options a couple of examples ob chace center at charges it stand fee of seven pam fifty for deals left rallied at less than seven hundred fifty pounds or one percent for deals flec over the amounts meanwhile they cost breaker act say dot cato e k tosses just five point five thousand ninety five to trade cubs words and another area that is you know you mentioned the comments in the the oscars we've written one of the comments that comes up and not is that people who are very unhappy about the ability to mount a spouse account the aim cuts but actually the relatable towns have service and the majority of vintage charge any extra to ease a service examples include aj bell an iccho savings charlestown is iraq hoggeries interactive investor ig the chace center and south trade and that's all of them this of as well malaysian and the counts firepower of attorneys nava area that barclays is now any allowing investors to g via telephone but men people find it more easy to g online and ashley again that the majority of platforms were lied steve is for no extra cost.

hsieh charlestown chace center barclays steve iraq ashley one percent seven hundred fifty pounds fifteen dollars