29 Burst results for "Alcoa"
"alcoa" Discussed on ARTICULATE with Steve McJones
"Will you feel clean like after that one. I gotta get this stink off me. Yeah i that's great. That's amazing occasion just saying that's fair. it's your life man. i'm sure that with us but So how do you recover from the congress that was recovered. Now you just realize that I'm not proud of the decisions. I made by any chance. Give wrong. But i had to make of them to make them run. Make a normal in my head But i was the press like. I just wasn't happy where we picked up from. Yeah so when did you get back. I got out of the navy in two thousand eleven and ptsd hits hard immediately. You don't and ended up. He the from like crazy. Shit that i've done. I had more from like losing the structure of the navy. And then you know like culture shock like no one else gets it like i just seen the world and i moved back the delco like fucking wa wa and like but i also wanted to come home like i was asked to come home and Yeah just got back in. The restaurants started working at life and did that. That's what i know. It's and butter. As far as the way i make money and then just moves around alcoa's on so when did that e eds an initial ptsd reconfiguration period. Yeah i actually had a like. Yeah yeah i did. I had It took probably still probably not all the way in which. I don't want to go back anyway but now i I was depressed up until assorted started. So we're basically happened was a year ago I was supposed to move to colorado. I had got out of a three year relationship which was not easy I can't imagine life out of me. And i i just went into this depression. And then covert a forest goes on and I ended up back with that person than yeah that i realized that it near the end But i supposed to move to colorado As like a let's see let's do something wild and i was going to go work on a farm like organic far off the grid. I get back with my ex's in august of twenty twenty real quick last. So george miller came out in georgia and he actually worked on inorganic. We talk high around nine..
"alcoa" Discussed on Bloomberg Radio New York
"It and if you're on YouTube you are watching and we've got our tech crew behind us for those of you on YouTube Hey guys wait Oh they're gone That's what we love about that camera shy We love scatter so quickly YouTube is when you get to see a little bit behind the scenes right The sauce being made We are getting really some talk about sauce being made We're getting such great insight when it comes to what goes on at the graduate school of business here at Stanford And coming up we're going to hear from one of their professors Yeah professor Kenneth W shots is going to be joining us in just a second He's David us and Anna and Barlow Professor of political economy here at Stanford's GSB In the meantime though let's go check on that trading day Here's Charlie All right I thank you very much and here's what's going on stalks out or near session highs right to the numbers We'll give her the why in just a moment here S&P up right now by 34 up 8 tenths of 1% the down rally 385 points up 1.1% and stack up 68 now a 5 tenths of 1% ten year yield 1.57% Stock traders piling into companies that are more likely to benefit from a rebound in economic growth amid a surprising Greece and retail sales and solid corporate earnings For example Goldman Sachs shares after earnings of 3.4% Alcoa the aluminum producer up now by 15.3% We've got gold down 1.6% 1767 ounce and crude West Texas intermediate up 1% 82 16 a barrel The U.S. will open its borders to vaccinated foreign travelers on November 8th That according to The White House granted access to millions of people who have been shut out of the country while closing it off to anyone who has not had their shots So with the holidays rapidly approaching for domestic travelers what do you need to know before flying doctor Andrew pecos is Professor of molecular microbiology and immunology of the Johns Hopkins Bloomberg school of public health Air travel and airport security and country security is still basically run by individual countries There certainly is some harmonization that is attempted to be done particularly when countries that interact with each other frequently or have a lot of movement across borders But for the most part every country is free to set their own restrictions in terms of how to deal with passengers coming in from other countries And that stronger package for the Johns Hopkins Bloomberg school of public health supported by Michael R Bloomberg founder of Bloomberg p.m. Bloomberg philanthropies I'm Charlie pale fat as a Bloomberg business flash All right Charlie pellet.
"alcoa" Discussed on Adventures in Finance: A Real Vision Podcast
"I think that speaks to procuring a lot of industrial metals for the green revolution. That we're kind of pivoting into here and so it. It's it's one of those scenarios where while basement odds us while precious metals gold and silver are kinda sideways trading to to quiet trading. You look up every other day. And there's another base metal in new high for the move so when the complex get like gets like that you know. I'm really focusing in on those stocks that are consolidating now in the emmy freeport-macmoran and trying to get a hold of things like alcoa that rallying but i think it's going to be another trade back into xm into industrial metals and mining from the long side. That's gonna presents itself next because for while look like copper was consolidating and could have curled over and that formation that looked like a topping formation in copper now just looks like a sideways consolidation and so copper can get back on the run and start chasing aluminum and nickel and uranium and natural gas. And everything else to new highs you know. I think that could be a trade that catches fire again in the fourth quarter round. Yeah it's gonna interesting you know. It was one of the sectors that was right up there in the lead right behind energy right behind retail You know in was industrial metals and mining was next. And i think that you know while sort of banks and home builders have gained into the race. Now i wanna count out industrial metals and mining between now and the end of the year. Just because they've been consolidating. I still think that there's potential to run there so we'll see what happens. This episode is brought to you by fan duel. Football is back and the best bet you can make is downloading the fan duel sportsbook app. It doesn't matter if you're new to gambling or an old pro fan duel has something for everyone and as an official sports betting partner of the nfl. You know your bets are safe. There's also never been a better time to use fan duel.
"alcoa" Discussed on The Voicebot Podcast
"Going to. You're going to surface signal that might not be Investigator explored and other projects so again anytime data scientists goes off. There's a scope to what they're looking at and they may or may not identify the signal and that scope. let's say they're good at it and and their signal and they can do that but if the thing that really would make a difference is outside the scope of what they're looking at white. It's going to be further delay. Yeah yep exactly. Yeah the benefits of automation. You come back to i'll session. We have a a history of of building this type of capability into our product. You just look at the ab testing capabilities that we have built into Alcoa search. I was speaking to one customer recently. And they said we love your product. Hot of the reason. I said why is. Part of the reason is we can do a. b. tests in under an hour and i said well if you went using us to do that then how would you do it. Well we'd be able to do it because they have a pretty sophisticated team said but you know what it'd probably take his and there was thinking out loud maybe two days. no maybe we know realistically. It'd probably take his two two weeks to do Full-blown ab test ourselves. Maybe it'd be a little more sophisticated than what they would do in our directly in our product but that gives you an idea of philosophically how we approach Solving customer problems. It's let's let's understand that. Let's provide an out of the box capability. That really gives a time advantage because time i mean it's trite but time is money gives a time advantage to to customers and that's part of what we're all about timing advantages. Essential right so it's just like the airline industry revenue seat miles. If you fly and empty see you can never get that revenue back if you have an abandoned car. There's a high likelihood you'll never get that revenue back so if you just get a little bit better at it..
Foul Play at the Holiday Inn
"In the nineteen seventies holiday inn was booming especially in tennessee. The company's birthplace good lighting free parking a continental breakfast the same look and feel inside and out everywhere you went for travelers from beyond the foothills of the great smoky mountains for visitors or locals returning to the town of maryville. The motel was a reliable roadside choice in july. Nineteen seventy four. The weather is hot and sticky. It is four years after vern store. Doc's murder a guy in his mid forties checks into the holiday inn and alcoa a stone's throw from the knoxville airport. This man has traveled from new york. City it was rather it was rather strange. He enters his motel room and closes the door days. Pass and nights. Maybe this is what happened next a motel employees. Maybe the maid goes that room with a pass key and find something that no motel employees ever wants to see inside your died in a motel tennissee. It was his favour hotel holiday and the man who died is john bricks. He was suzanne store. Docs second husband knew he was there and he'd been for some time before it was discovered that he died in their own.
"alcoa" Discussed on Midlife Surfer: Surf Podcast
"Hey how are you. People have arth. How are you my. Name's jeff a small wave lover. I'm a craigslist killer of sierra nevada. Beer drinker nicorette tour kanda pile driver. The father of two proud husband. An american. And i'm a midlife surfer and i'm still you join me episode. Thirty four. who defunct alcoa. Would i probably would have never started this. So so you know. Here's to making the best of your circumstances right. And i made some friends out there and you are one of them and i appreciate.
Elon Musk Eyeballing Super Company "X"
"So yesterday we're talking about this potential apple car. We're talking about this. Meet up that n- may have taken place in an alternate universe reality dimension but did not take place in this one. This meeting of the minds between each. Musk and tim cook. Apparently musk reached out to tim cook. In the early days in model three talked about potentially having apple acquire tesla for one tenth of the current value. That did not take place. Apple probably does not care and the rumor now is that they'll launch their own electric vehicle in twenty twenty four. That's the rumor currently however in the meantime Yvonne has experimented with a variety of companies not just electric cars. Tesla the most well known of the bunch but he's got a lot of stuff going on including space x the boring company. Sometimes you wear the hat. He says the boring company on it. Yeah not today not today neuralink starlink these still have a solar city or is that as probably solar something going on among a variety of other things. I'm sure that maybe people are less talked about and things that he's working on but Obviously i guess a serial entrepreneur. Maybe you might call it He's interested in a lot of different things and so recently there was a suggestion took place on open. Api is in there. Look at this. It's hard to keep it all together. Anyway there was a suggestion that took place on twitter from tesla investor. Who said who actually has the name by the way. Oh so it's not. The dave lead that we know but nonetheless i propose elon musk to form a holding company. Called axe alcoa's at well. What's the name of your company x. It's it's immediately a futuristic and mysterious. That's what does for you xs mission. This is again part of the tweet and the suggestion xs mission is to ensure human survival and progress. That's the only mission xs x becomes the parent. Company of tesla spacex neuralink born company. Ilan what do you think once again. We have ilan making news with just a quick little reply. Good idea december twenty third. And just like that. What you get forty eight thousand likes on the tweet anyway. So he's open to the idea and You obviously remember the story with not the story but the development with google becoming alphabet and then and then alphabet being the parent company of this variety of companies underneath. So i guess it would be a similar structure similar idea to something like that however. I'm not certain. I'm not sure why this wouldn't have been done all ready. There must be some kind of advantage to having these all Broken out individually. There's a suggestion here that in In the case of starlink they were considering an independent. Ipo for that company on its own. That could be a huge company on. Its own talking about Bringing internet two locations through via satellite that were previously underserviced. So i don't know about the advantages disadvantages but it would. It does seem like a tidy way to bring all of the brands in missions. Were all of the missions in line to but to bring the insight to bring to potentially bring the talent into into more of an overlap. Where now you may have technologies and advancements that take place under one heading bleeding more easily into another so like so there's different wings. We've already heard about this right with. Was it the cyber truck they like. Oh the stealing cyber truck. We learned about and spacex. And and then you could imagine. Oh our ai. Discovery through thomas on tesla. We're using that in when we're working on neuralink and i'm sure this is happening already. But not in a in an official way
"alcoa" Discussed on Bloomberg Radio New York
"And its own heavy debt load, watching Alcoa this morning, up 6% in early trading, it reported preliminary second quarter results that beat expectations. That's a Bloomberg business Flash common call Karen Thanks so much it has changed. If you look at any given newspaper in this country there used to be 234 articles. On the pandemic. Obviously a statistical review as well. And now it seems all encompassing. 10 12 14 articles of day is this pandemic touches this nation. We've been very fortunate to speak to the professionals of Johns Hopkins University medical system. Bloomberg School public health. We should point out that Mr Bloomberg, uh, is the owner of Bloomberg LP and these television and radio facilities as well. And he has endowed Johns Hopkins and their many different institutions, including their engineering department. I should point out Today we speak with Lauren sour of the Johns Hopkins University. Think the problem is is that there's a difference between no evidence and evidence that there's not airborne transmission and what we are seeing is that we don't have enough evidence to conclusively say every airborne transmission is a major driver. We know that aerosols. Have some element of driving cases, especially in the health care setting. And what that letter I think was trying to say is that the's aerosols maybe a bigger driver than what we originally understood. And so the while we're not seeing widespread, an airborne transmission, like in some other viruses, there is a possibility that aerosol is driving more cases than we currently understand. Lauren. If the virus lingers in the air indoors, it changes everything from school re openings to bars and restaurants. Indoors. Re opening. Yeah, absolutely. I mean, I think the police where we worry the most about these aerosols is in a crowded indoor setting with bad ventilation. It's why people are are saying that they prefer you to be outside if you're going to congregate. That you want more outdoor space. You want better ventilation. You want better air flow. You want to be further apart on DH. The movement of the air really helps with getting those aerosols out. You know, Lorne? Not that I would ever think you would darken the door of Mary Jane's in Boston University. I'm sure you didn't do that. Your freshman year up BU, but the kids have to go back to school. Give us some wisdom here of the intractable nature of this from kindergarten up to freshman year at Boston University. How do we get the kids back to school? Yeah, So just yesterday. I think secretaries are said that we, since we don't see as many cases of spread in health care settings, we can apply those practices to school and get kids back. And I think it's just not that easy. I think we need a much more local Approach to how we reopen schools. One of the cases look like what is the spread look like a local community. And do we continue to apply these out of school measures? Tio continue to educate people Do we keep doing online or in places? Where where there is not much spread and we have cases control them. We can use things like contact tracing. Can we put kids and adults back in the classroom, so I think it requires a really local approach. A bit more in this takes resource is that you know, this is an ancient United States Thing for a global audience. The issue of state's rights versus federal rights on education is 1/3 rail across the United States history. Well over 200 years. How does Johns Hopkins believe? That we should fund the needed funds. Now that will be utilizing all of eight weeks. Education funds have to be an absolute priority, and I think penalizing places because they reopen The school's in a different way or because they can't physically reopen the doors of their schools. Isn't it's a crime and we have to prioritize, especially the Children who who, really, They have to be back in the classroom, and we have to look for ways in which we can do that safely. So everyone wants kids to be back. Everybody wants kids. In an educational setting, but it has to be done safely. It cannot be done safely will be right back where we started. What should older teachers do? We've got a number of tragedies in New York, where we've lost faculty members at schools. Public and private schools as well. They're of a certain vintage. There are high. Do they just not show up to teach this year? Yeah, I mean, I think that that older teachers, teachers at higher risk teacher with teachers of multiple co morbidity Zehr, other vulnerable teachers have to have an assessment done with their physician with their personal position they have to take into the count. Account their personal risk and their familial risk, and then they have to make a decision about what safe for them and again they should not be penalized because they cannot safely reenter a setting where we don't really understand what the risks are yet. So because we don't fully understand the picture of Corbett and kids. We can't say to a teacher who's older or higher risk. You're safe. You're fine. Go back to school. We have to find other ways that that those people can support the educational system, even if it means making curriculum online making resource is for other teachers who can be back in the classroom. Their way is to continue to engage teachers who cannot safely back in the classroom. Lauren, When will we understand Better? You know how this is transmitted through three Children in the UK many schools if not, almost all schools reopened for certain classes. And there was a belief that actually it's just much more difficult for a child, smaller child to transmit it to another small child. I mean, when are we sure that that's the case? If it is I think we'll see that this year as schools do reopen. We have to be very careful to to understand what's happening in kids. So that means testing kids. Even when there is symptomatic it means I'm taking kids to doctor's appointments means paying careful attention to mild symptoms and kids and getting kids their flu shots in particular and other vaccines on schedule in particular, so that we understand this is cool bit versus something else on getting kids tested when they show even the mildest cases of symptoms. That's how will really understand what's happening and what those transmission dynamics look like. Lawrence, our that Johns Hopkins University with us this morning, Paul Sweetie, I'm looking at a market that's lifted. It was very red Red red early in the New York morning, and we're now features a pate. Dow futures of 41 NASDAQ 100. Paul. What is it a new mandate? It can't go down exactly that the basic idea of 4/10 of a percent. It's I think that's the Federal Reserve backstop. That's out there that I think gives Investors on the margin, you know, on ability to bid for stocks a bit for risk. Yes, that's when maybe thie economic data suggest a bit more caution. Heels move a little bit higher we curve flattening earlier. That's reverse is now a risk on field. No question about that Tuesday in spread That measurement of the deal between the 10 year and the two year the difference in yield, I should say between the 10 year to year, uh, 49 basis points. It was different.
"alcoa" Discussed on KLBJ 590AM
"Sixty and the discrepancy in the rain the little squares density is four point four grams per cubic centimeter and that is one point six times more dense than one would expect for more than ninety nine percent aluminum is that it one point six another words a hundred in sixty percent nine point six times I'm very careful here my words are exactly consistent with what the scientists as and we know that we don't have it I weighed in at density anomaly that we've got to explain here okay that's that's better than the way I I'm hearing it one and a half times what it ought to be one point one point six nine point six times more dense all right well that's that's that's crazy wow what could account processing huge density defiance and prompt scientists point of view I've been talking with a lot of people including one of our core aluminum is most respected a retired a luminous specialist and he started working with Alcoa aluminum in nineteen fifty four and retired recently and he had I had an unusual amount of something or other that causes this huge density increased from two point seven to four point four grams per cubic centimeter which that in itself is damaged in it could well be that you'd get a very distorted crystallise crystallin graphic structure that could give you a clue as to what's going on and so he is suggesting something that the scientists and I have talked about that we need to do which is if we can look at the crystal structure and see how the atoms relate to each other in the crystals of aluminum we're jumping ahead here and if it comes down to this issue what could account for such huge density difference and it might be that there is actually something at that kind of level that is different than a normal aluminum and we're in an area where everybody I've talked to is puzzled as well density all right well let's stop now we had examined the exterior of it and found it to be essentially pure aluminum and at that at that point we had only looked at the outside that's when you called me and said Hey we want to be able to do or can we have your permission to do a destructive test another was obviously at this point it might have been about bad alloy remember we talked about that some other metal inside that would account for this incredible weight difference and so I authorized a.
"alcoa" Discussed on The Men's Room
"One to start with. Those are. The last people would go to to talk about veganism. I'd rather I love. Yeah I mean. We have billions of people living in a series where they have the option of not killing animals. I would start and finish with that population and then think about the rest now The one thing we do know about like Inuit's and other civilizations is that they import state of the art weapons and clothing and everything else to survive and to hunt if they can import that they can also import plant based food. Yeah but then you're polluting. 'cause you're like transporting stuff unnecessarily when you could very well survive what's available locally so that doesn't really add up replace Transporting weapons to kill animals with transporting foods and not. Why don't they just use their own weapons with sticks? There's also the part where like I mean the population of these animals are going down as well so I mean I I would even go as far as to say if you live in a place where you can't even survive. I mean the the the conditions are so harsh that you can't even eat. What what you're supposed to eat naturally. Then maybe you should live there in the first place. Now it's exactly what my friend said. Yeah now but again. I don't want anyone to think that I complained to like move in with from their from their lands and put them somewhere. Some of them were moved there from more livable lines. Yeah so that's the I I would never start a campaign against them Because again there's so many people I that we have to reach out to and I just was wondering from an ethical perspective And then what about this this issue of Some animals reproduce very quickly and are are have. Don't have enough Predators left and they grow out of control the overpopulated and they become a danger to the ecosystem and even to themselves because they're all competing for the same food so that case there are a lot of places for example in the. Us where this is happening. Is it okay to go hunt and those animals because because the population's going up so It's interesting how again there's a few points I. It's really weird because every answer. There's there's like a few things that we have to mention to begin with if humans actually believe it's justified to kill any species that is destroying their environment than we were literally justify killing humans because we are the worst species that is destroying the environment. But we would never go out there and start randomly killing people and say you know we're we're like our numbers so big causing so much to the environment so we have to kill each other now. We don't actually believe justified. And if you don't believe in trust for humans why do we think is justified with animals? Now another thing is we always put the blame on the animals. A lot of places. The reason why this happens is because of humans you know we either make one of the species that is their predator. Go accent or we just kill them for example like so many places in the US. Actually Department I forgot what was the name of the department in the government that takes care of wildlife and things like that they kill millions of animals every single year to protect livestock to protect farms. And what happens then you killing all these like hundreds of thousands of rules to protect farm animals and these rules are no longer existing there and becoming The predators of other animals deer. Exactly these these deals or other animal start producing more because there's no rules left and we start killing the said. Well what about not killing the wolves in the first place and stop like animal farming? So you don't have to be in that position now still. This is a solution. We're still talking about the main source of the problem. The only solution I can think of is unfortunately one that has never really considered because humans. Just don't care about animals is The neutering program. You know if you actually care about the environment and the animals. You would put out a team out do that would. Ns the animal. Neuter doubtable Yeah and that brings up other issues of leg than they based on the arguments. You just made. They didn't have the right to make the decision that they wanted. Oh yeah of course and it's still unethical but it's much like it's less bad than killing them. You know you just unnecessarily killing them again. Mounds expensive too. Yeah but see. That's the point like are we going to talk about convenience or like At six so if governments don't care about ethics they're just going to do the easiest thing. What is that? Give permits for people to go. Hunting and killing. These animals is first of all again. My my real solutions would take responsibility. Stop killing wildlife to protect Animal farming stop animal farming. And then he wouldn't have to deal with these things if you're already so late then you're gonNa have to do what is best for them the same way we would Not Like dogs and cats because we like the shelters are full you know. I don't like the fact that people do that but rather that they get neater that shelters keep on utilizing animals so unfortunately if we have already messed up so bad and that is the only solution as you said. It doesn't go along my other points because he's taught ethical the animal is consenting to it are fortunately if that's the only thing we're left with we have to be doing well. You make a lot of really great points. And a very compelling case for our fellow creatures on this planet You've you've really convinced me on quite a few things and I'm sure you've convinced other people as well especially as you go around the world like talking about these things but thank you so much for being here so much for having me if you'd like to know more about veganism and animal rights and you'd like to get up close and personal with the animals. We're talking about checkout sub Alex on instagram and while you're there check us out to Alcoa. Fm and the not yet Michelle and be sure to subscribe on your way out piece..
"alcoa" Discussed on The Cool Kids Table Podcast
"It there so it wasn't necessarily GonNa say that they would never going to be the only ones they would face 'cause they could have been other teams so I think if you just wash that year and just say we confirmed that this year this happened so no world series before when baseball went on strike mentioned before that there was there was no world series series that year so I think having the same thing now I think that would be the one thing because then you have the players that don't go and They can say that they want world series. I don't have it in the resume. They don't carry any of that the second thing take away the bonuses that the players made for win anyone series 'cause loud uncover incentive in your contract. You fucking like a long. Alcoa repeat here's a few couple hundred thousand extra. Here's whatever I can also give bonus is but for the postseason yet and I agree what was then say. They'll fuck in the dodger fans I've talked to to none of them say givers series. No they all say I don't want ashes are happy. The Yankee fans that I've talked to say outrage at the world series. Yeah we don't want the ashes of Havoc de that's bullshit. Because he talked to do. We were stacked they could be. They should be diastrous. Run game away and were they had when cheating biltrite tapie didn't she based they still right around where all fucking whether might us to one. They were that good but they last year we lost. We lost by walk off a walk-off walk-off off of one of the best closers where he has to pitches so the devoutly had to do is just it's not going to be a fastball. It's going to be another pitch and that's it. That's all he said son. I hear people say I read. I wish on nobody. I don't want nobody get hurt by this other. Make their living. But but you know they're gonNA.
"alcoa" Discussed on Bosnia and Herzegovina: The Quest for Change
"After Alcoa's -ation laws there's We had the meeting of our presidency. It's a board that governs the the highest or good with the bipolar performance so governing board and Interesting thing about athletes that's For Sunday ever cited to talk about defect debts within that board and within the platform for purpose we do have multiple views in multiple perspectives because We have representatives of all ethnic groups within in Bosnia Herzegovina and the that we do need to figure out our standard collected or many issues that are controversy. Soon added was interesting that the open. That discussion will continue that discussion. The twenty fifth of this mugs when we will have any person coalition meeting most all our meetings meetings the one of the twenty fifth will be in person meeting Saturday but it will come to and we will continue our all that topic For example when we issue a press release on any issue issue that we want to talk about the question is will be. CD'S PRO-BOSNIA PRO-SERBIAN PROCR- Heads it or will it be proposed the right things that are seen seen as right by all sides because we have members that will of different eh groups so any it's not about political correctness by these about the state. What is it that be stand? Ford that all our neighbors can identify it. It's it's it's a tough issue simply because there are many Genocide deniers in in Bosnia to on sides other than the Bosniaks We know that of course it happened because the traditional court said it happened to scientists.
World stocks pause at record peak
"Hour so the equity market move tired today but we finished well off of the best levels of the session on the day when the U. S. and China signed that phase one trade deal kind of sell the fact a little bit at any rate with the Dow managing a record but the S. and P. and the nasdaq finished well off their best levels of the session the S. and P. with a gain of about two tenths of one percent nasdaq comp rising a tenth of one percent we had shares in United health group of about two point eight percent on the day and that really was or those shares responsible for leading the Dow higher to an all time high twenty nine thirty the game there was about three tenths of one percent we heard from ALCOA after the bell a loss that was greater than what the street was looking for thirty one cents per share stock is down nearly two percent in late U. S.
"This is this fast money. I'm Melissa Leo Traders on the Desk Tim Seymour Karen Feinerman Johnathan and guide Dommie just breaking a little while ago Oracle. CEO Mark Her taking a leave of absence due to health related reasons since the stock selling off after hours. Conference call expected within the hour. We'll keep you updated as the story develops then if you didn't know SAS. SAS stands for software off whereas service but it could soon stan for software as a source of pain down nineteen percents these scales Hong Kong stock exchange launches an aggressive thirty seven billion dollars bid for it wait for a London stock exchange. We'll get perspective from one of their biggest rivals. CME group chairman and CEO Terry Duffy joins US exclusively here here on set but I it's still on and we are talking about the great rotation so many here on this desk. I've been skeptical of maybe even Poo pooing at times the sector showing continuing strength the Russell banks retail just to name a few so what is going to make you a believer guy. It's a fascinating question. Market has an uncanny way not that I need help by the way of making me look extraordinarily silly and here we are as as we just heard within a percent suddenly all time high the S. and P. Five hundred and everything looks fantastic. When do I become a believer I. I don't know the answer that question but I'll say is the headwinds that exist in a couple of weeks ago looked really haven't gone away all that much. Yes rates have backed up a little bit. Probably a healthy move yes to go. Market is an exploding to the upside. Maybe maybe some of the concerns with the China deal situation of Hong Kong have abated but they haven't gone away. There's still there. The markets is looking pass them so I don't know how to answer that question because it concerns since I have. I don't think it get resolved in one day. Well I know how to answer the question like when the rest of believers simple when the rest of Maga- makes the new high and apple is on its way to doing that. It's about ten bucks from the all time highs last September. I'd love to see Google Amazon participate again. Those are three and a half trillion dollars. Dollars of mega cap the largest in the market the other one. You know you mentioned the Russell. I'd like to see the Russell breakout above the seven month range and really kind of get people thinking about okay well. Maybe small caps have digested a lot of the bad news in the ready to go a little bit so those are two areas. I want to focus on. I'm not so interested in seeing Alcoa rally twenty percent off. Its you know that doesn't really convey about too much yet. Karen you know I I love to buy when things are trading down into gers. I'm kind of more more inclined to sell. Some things are trading up and injures less. I talked about taking a little money off table selling by Selig's. JP Morgan calls I I why do on something like a united rental that has obviously participated to the downside heart and back to the upside hard. I still think it's attractive here name like Fedex that Tim and I talked about a lot. That's unknown news. Whatsoever is gone for line one forty nine to whatever one seventy one. I liked it higher than one seventy one so even though that one's up a lot. I'll hang onto things like that the vix today coming in a lot. I want to own volatility here because I think we are one tweet away from going back to those markets you you seem so fresh in my mind they could be any second week could be the Mcginn Tim even sort of on board the rotation since it. You pointed it out to sort of I don't WanNa say a believer Uber but you acknowledge. Its its presence here. Why don't you try to die down your gender. Your Rangers Rangers compatriot here well. He's missed. I've moved from three twenty five down to one forty five on the ten year in effectively six months. Maybe seven months was was was way way too. Excessive relative to the fundamentals in the US economy maybe not to the global economy and I continue to think that some of this rated namic was a function of buns pulling us down in a relative value trait. I think some small and this is not full. Reconciliation and Hong Kong has been important to set the tone tone for at least we're regionally. There's a little more stability going into October talks. Which I think are very important. Unfortunately I'm not sure what we're going to get out of that but then we had reaffirmation of the US S. consumer off a couple of data points and that's the ice and the services I assume which is really the backbone of our country not a manufacturing reading and so while we know the PM is going down down around the world. I think that's been part of the story. The most important from a market perspective is I think we've had these rotations many times in many cycles throughout the last last two years so it's easy to pooh-poohed at the market almost nothing but I actually think you know if if you look at where retail is retail underperform the S. and P. almost twenty percent for a year until suddenly it it makes a lot of that back up recently if you look at what's going on and transports and banks but the thing about it is that the valuations to me do make some sense and we sat around here and we talked talked about food stocks. We talked about restaurant stocks. We talked about things that really were tough to explain and I think the markets rationalization is that those things can only go so high and recession question is off the table for the next six months. That's where the central bank at your back. That's been the justification and it didn't happen three days ago. This happened three weeks ago. When when the rest of the world started rallying relative to our market. Thanks for educating us but do you think that was particularly bullish. When you're the president of the United States vote head Fed should go to lower grades two zero arowar negatively lower because to me that doesn't elicit a whole heck of a lot of confidence in this economy. Is Picking up because you saw good services number less so you're talking about psychology. Do you want one. I'm in an AP economics class again. I think we've got a case where the macro data doesn't add up to a market that should be falling off a cliff with soot and you just mentioned that the last two years the market hasn't done much because you said that you've acknowledged the fact that we've seen lots of rotation so you know the thing is here. We are three thousand the S&P eighty five hundred and we'll make a new high. Do you think we're going straight up. Do you think we're GONNA go to thirty thirty and then go straight up. Five seven eight percent not particularly weekly likely if you look at over the last two years when we made new incremental high. We've gone down a lot. I mean I don't think I don't think most of our audiences is making a call on the market out so and so I think people are investing in stocks. They are themselves rotating in and out the fact that the semi's which I think are again been an easy target of volatility and the volatility in that space has been enormous but semi's are to make another fresh high and semi's are still up almost now they make that fresh high. They'll be nine percent from June of two thousand eighteen when everyone everyone said that's it that's it. I'll take ten percent and I'll take ten percent of the time. We don't really ten percent to thirty percent drawdowns. I mean does that. Make aren't trading those drawdown. I look I understand those people another individual again. I understand statistics and I understand standard deviations and we are split up to tell me that that people should not have been investing in things that overall business you. Are you saying that because they went up a lot and they went down a lot. They were on investable during this period and I think most people aren't trading like that. What's the flip side to not believing in this rotation. What's it's the flipside to necessarily know if you don't believe that this rotation is for real. What did the market do the have. I've been training opportunities listen. I'm the first to tell you I mean I thought the market's going down for quite some time I don't hide from it but within the context of that we brought up some pretty good training opportunities we as a matter Arafat couple of weeks ago. We power pitched bank at a time when nobody likes you did if you recall that was pretty much universally th you know pooh-poohed you use that word but not me by the viewing audience and that's gone from six to one and a half. I think closes sixty nine today so within the context of being a non believer there are trading opportunities again by only the point is everything that got us down to where we were a month and a half two months ago have not gone away. It's gotten a little bit clearer but they haven't gone away and I think in a fifteen fixed accounts point. It's just too it doesn't make sense with the backdrop that that's out there right now all right well. Our next guest says the value rotation can continue and new highs are coming with it. Let's bringing Margaret Kalonovik global head of quantitative and derivatives strategy at J.P Morgan market's always great to see you so you have a bunch of skeptics on the dust in terms of this rotation so so what has to answer guys original question what has changed to make you believe that this value rotation is here. We'll first positioning is extremely low so if you look at the sort of hedge from equity exposure it's about zero percentile so close to all time lows match in two thousand eight. If you look at the individual investors a I will be our sentiment is basically similar to two two thousand eight so a lot of these early price in the market right like and positioning is very low then generally. There's upside. That's pure mechanics. This is not even a economics one to one so so so so that's that's something that we can sort of hold onto low positioning and then you had some positive things within mentioned already. You know so you have a services in us. You had a little bit on Brexit a little bit on a little bit on Hong Kong Essay are and then you had this October negotiations so if we we have like two to three weeks before October where we still have a buyback full force when the Biggs declined from twenty two to fourteen fifteen so all the sort of systematic folks who actually really ever and you have discretion investor who's basically zeroed invested in the market so that's what we think you can continue now why valutation can continue so people adds to market the first thing they will close the short while net positioning get zero percent but the gross positioning gross exposure according to JP Morgan prime is ninety nine percent out so you have like a massive longshore trade where people are super long low vault of quality momentum and growth and they're super short value so if they want to increase the increase the net exporter. I don't think they're going to triple quadruple on software and stuff like that. They'll close some of the energy oil than gas some of the some of the banks and other value stuff so we think that this can continue okay so it can continue in our view until October in October. Basically you have negotiations anything. Anything can happen right so if the negotiations blow up we go back. Even negotiations actually produce some results. I think this loss for a full year like in two thousand sixteen and Seventeen when when it lost more than eighteen months so that's very strategic trade so strategic is until October right and in October. I think we need to reassess. If there is actually progress towards its radio this can can be new two thousand seventeen eighty two thousand two thousand sixteen age seventy two kinloss another eighteen months if the if we have more of the same back you know back and forth tweeting and stuff like that then we go back to software guy thinks will when when you say we go back if there are stumbling blocks oxen trade does that mean that we re-test the ten year yield lows like legal retail would have on
"alcoa" Discussed on Burn the Haystack
"Yeah The L. children practices absolutely and to die with continuing out second pot we're doing the second pot to Las Vegas episode so make sure you get back glad it's so we did like with the seven steps to change church last week we did four steps we covered a lot of ground and this week during the last three because these ones they take a little bit more explaining so this one in particular we have wealth of information to give you make sure you listen to last week's episode because you can't honestly you cannot do this story steps without doing the I four in my humble opinion now I know I agree I agree but before we get into that way going into Alcoa Western of the week.
"alcoa" Discussed on Customer Equity Accelerator
"This is the heart of the problem and why last week's news was such a big deal classic business. Thinking reflected by wall street treats the customer as a byproduct of store locations and product launches. It's <unk> as if we customers are a bunch of sheep munching on coupons and being herded around by ads and emails modern business was thinking on the other hand knows that the world has changed to be customer lead and now this has been reflected in a statement from the business roundtable bowl which is led by jamie dimon head of j. p. morgan chase of the business roundtable. If you don't know this group was founded as the march group in nineteen seventy two to the members were and are exclusively ceos who meet auto regular cadence to consider public policy issues such chaz controlling construction costs or <hes> in nineteen seventy seven they were responsible for defeating the consumer protection agency that that was planned by ralph nader and lots of other issues that basically help business maneuver as a group and shape public policy eighty back then it was the c._e._o.'s of u._s. Steel alcoa general electric dupont exxon but today the members include lewd ceos of almost every large company you can think of large firma financial companies manufacturing.
Top CEOs say companies should put social responsibility above profit
"We're joined now by allen murray president and c._e._o. Of fortune and in full disclosure my former boss you write today that as political leadership becomes more polarized having companies more consciously focused their power on solving society's biggest problems albums is good development so i can already kind of see the warren sanders critique here which would be these companies are in part the cause of some societies biggest problems albums. How did the c._e._o.'s seem to respond to that critique. Well i think they're certainly aware of it and looked and you know full well. They may be the cause of some problems. There also the solution solution to an awful lot of problems. People want jobs. People on incomes people wanna growing economy that comes from the private sector. It doesn't come from government so i think they're two ways to look look at it. No question that this development is a result partly of partly the great recession partly pressure from employees partly of good intentions on the part of some of the c._e._o.'s but also partly as a political response to a deteriorating political environment and a sense that they have to to do better and just to keep the system. I wonder ins impossible. I guess to figure this out numerically but you know you talk about the difference between the old mission statement which was basically shareholders above of all to this being shareholder value important other things important also. Do you have any sense on how these ceos balanced that because sometimes those things come into conflict conflict no question they sometimes come into conflict look. I think this has been developing for a while. I can tell you that a lot of the ceos of the business roundtable looked at this nineteen nineteen ninety-seven statement their predecessors had adopted and said oh my god that's not the way i run my company. What are they talking about so i think this thing has been building for for a decade as c._e._o.'s come under pressure from their employees to some extent from their customers and to some extent from the political environment to do a better job job focusing on maximizing their positive benefits for society and i think you're starting to see some results from that. That's why at fortune. We do the the annual change the world list. We'll get examples of companies that are really making progress addressing social problems as part of their core business activity you made the comment in the peace and fortunate that more and more ceos have been worrying way you put it was public support for the system in which they've operated is in danger of disappearing is that a real clear and present danger angel the ceos flack from american capitalism as we've known abdin float in different ways and change but the way we've known it for your career for my career is actually in danger of disappearing. Oh some of them definitely feel that way. I don't know that it's a universal feeling but i've had in the last three years any number of private in conversations with ceos who've talked about fear of losing their license to operate one c._e._o. Of a fortune one hundred company said to me. We have about two two years to figure this out and if we don't were in trouble now what does that mean. Does that mean that all of a sudden capitalism is going to cease to exist. The companies are going to be shut down no but even if you look at the ramp up of regulation that occurred in the last few years of the obama administration in a way that's a sign of it you talk what about elizabeth warren the kind of the leftward lurch of the democratic party. That's a sign of it too. I mean the way the operating licence gets retracted is not in in one simple move but in gradual moves eroding the foundations of our capitalist system so i think it's a very real fear so you think of warren on the left and trump. I don't even want to say on the right call trumpism which is obviously not yet really in line with traditional american. Capitalism is kind of some of these c._e._o.'s are saying. Is you always hear you know who's the centrist candidate. Who's a centrist. Party are the kind of thing that's us. Yeah i and i think in fact that's the case you know. Twenty sixteen was critical year for this corporate movement because two things happened. One was the brexit vote in the u._k. When the entire political incorporate establishment was saying you must vote yes and the u._k. Voted no no and then at the same time in the u._s. For the first time in my lifetime you had this election where on the one hand you had donald trump rejecting globalization shen that had driven business prosperity since world war two and on the other hand you had bernie sanders a self proclaimed socialist almost getting the nomination you had a lot of business people say hey wait a minute. There's no one in this race who represents my views and it is interesting dan on many issues the c._e._o.'s <unk> are far more. Let's say progressive than the republican party. Climate change equal opportunity diversity gay rights issues abused human rights issues. You'll see now the corporate sector actually being way out in front of the republican party but then when you move to the economic okay issues they certainly aren't going where elizabeth warren and the green new deal folks are going so they have really emerged as kind of the center of the u._s. Political inspector how much of that is the person and i don't know how this is all balanced this. That's obviously different from company to company but how much of that is the personal politics of the c._e._o.'s do you think is you know because we work together. I spent a lotta time interviewing ceos. There are some of them who personally feel this and feel it quite quite passionately. There are others who may be more reactive but it's pretty hard to ignore. We're an economy today. That has a very tight labor market where talent talent is the most important differentiator where companies really have to compete for talent and this is one of the ways they do it. They know that millennials in particular one of worked worked for companies that they feel are doing good in the world and so they think it's important that they get their positive stories out there and hardly any big company is immune from that trend dan dan. There's a whole group of companies that use to sort of try and say out of the limelight and keep quiet who now want to tell their stories because they think it's important their employee's think they're doing good in the world. Coke industries is an interesting example that companies like bacterial that never liked to talk to the press. Now wanna talk because they i need to get their story out because they want employees to come to work for them. I think it's been pretty hard for people to resist the strand one hundred eighty one c._e._o.'s sign this revised is with this new mission statement for the business roundtable but there were some notable folks who didn't sign against eight companies that didn't sign and it's not sector-specific financials like blackstone industrials like alcoa a healthcare like kaiser permanente insurance state farm and he sends a why those companies didn't sign because they are by far in the minority here. I wouldn't want to speak on their behalf half. I think some of those are companies that are facing significant shareholder pressure. If you really have a shareholder movement organized against you. I suspect it's not a great idea yeah to sign a business roundtable statement that say shareholders don't matter as much as they used to so. I think that's part of it. I couldn't tell you why <hes> company like kaiser permanent. They didn't assigned because in terms of the principles reflected a saving. I know they operate by those principle so but i just haven't done the reporting to have specific answers for you allen murray c._e._o. I am president of fortune. The latest issue is on newsstands which are things that still exist. You pick it up. Thank you for joining us. Thanks dan
"alcoa" Discussed on The Adam Carolla Show
"Alcoa Koa presents definitely on the role is shown nine Estonia County Florida thirty three year old man was arrested for battery marine and aggravated assault after pulling a woman's hair and slapping her shoe definitely. What's next PAT Maher Kevin I? It's written in a kind of weird ways it. Can you pronounce it for me Faulkner Okay. Why are we doing <hes> just wasn't three syllables right like Falkiner okay faulkner? Why are we doing the the fall and all capital fall Falkiner uh-huh ner fall CNOR like William or you're saying two different ways thousand say I said Falkiner on the intro Chris and he said is that I said it's Falkiner? He said yes and Chris just said faulkner well to be fair to Christie said it both how do you WanNa do this Falkiner Falkiner all right so right it then it should be three syllables. There should be other silly. It's okay okay okay sorry because the way it looks like brilliant falk down right right all right <hes> also. I don't know what's at me but the capitals I don't. I don't gotTa have emphasis emphasis on the show. I can't say Falkiner full Kohner when you say they're like okay. That's why you whatever's capitalized emphasize that okay I'd say I don't feel like I'm emphasizing anything. Save Falcon Right. There are many many many names where the emphasis could we want a different syllable okay so we consistently all dinner all right well. Why don't let her good to see you? <hes> nate Adams chance wherever simple name nate let's see Oh so nate inform me and I forgot I'd heard about it. I was talking about setting a record on pikes peak hill climb but it was good would just set they all electric the electric car car the electric V._W.. Not My dad's V._W.. Far from an all electric V._W.. Set the record up the Goodwood hill-climb which I've done multiple times in different cars but not this quickly quickly. The existing record was like a penske <hes> like an f one car something like that. I don't know but this guy just said it in an all electric V._W.. Yes Max pad are yes nate. He broke it. He did it twice in one weekend again the first time he did it at forty one seconds on the second time thirty nine nine which is almost as fast as you in the Newman Porsche though you're right in that ballpark what what was the record of forty three or something yeah I guess the the guy that had had done it before I remember hearing about it. He was kind of I guess he was just a lunatic and just went like borderline a crash every single while you kind of knew that I think if you're going to try to set the record slow and low is not really the way to go. You haven't maxed pattern. We can hear it probably even but yeah he he's going this V._W.. I'm turn even though V._W.'s coming back with all their electric stuff. They got their van at their microbus satisfying to you. They're not care those room for mentioned forty seconds. I just WanNa hear it or see it or freer says to me because I've driven it a few times forty one one eight. This is an official Robin. Inasmuch is running properly timed forty one eight his best of the week could he do. I love the announce kicks third on the inside of the turn into the straight up towards Malkin every time I say you look out the window but he's arriving so fast and by the time you see these three seconds of God's call now as can't he got this car get into the forties. That was his love racing multi journey thirty six thirty seven on the talk to the timing bod. It's gotta be still bitter sweet race fans because it's faster ship doesn't have the no fire coming out of the exhaust by Yeah Yeah..
"alcoa" Discussed on 1075 KZL
"See it all the time in a guy was very impatient. The Taco Bell drive drive through he began ramming the car in front of him. See? Three. This is crazy. This is crazy. This is crazy. And so she got out of her car is scary. And he continued to ram the car. She called the police in Walsh's waiting for the police, he still ramming her car. He gets out of his car and the Taco Bell drive-thru gets in her car drives off in her car and slams into a light pole. He was hungry. What is more than angry now? So he's obviously been arrested drugs alcohol that stuff's involved. So I mean, people you've never I've always thought about that. Like what if you got stuck in a drive? You know, I've seen too many bad movies were being a drive through either at the Bank, which are not that much more. Everything's digital or more. So at a fast food place because you can't really back out some of. Yeah. You start to start. They're like, ooh. What if something went down like I felt that way too. Well, did you hear what I look for an exit. I'm like Alcoa this curb or in my car now is big enough. I could probably push somebody ahead of me. I have a plan. They say you should always have a plan wouldn't you dry forward? Instead of getting your car o messed up by this guy behind you. I would just go. I would I would just go. I'm saying I'm talking about being stuck where somebody's in front of you and behind right trouble. Yeah. What do you do? Speaking of things that has happened recently. Yeah. I don't know if you heard about this. I guess I should say allegedly even those was reported WalMart a guy came up to a lady. Opened his jacket started. Indecent exposure. And doing things himself would not leave her. She started hitting him with her carpet. Peace Hobart harm. Micah ran jumped in either her car his car as she started chasing him, then he smashed into three cars, he got caught good. Indecent. It was funny. I've read the charges. It was indecent exposure hit and run apparently and not having a seat belt. Thank you. Dot had chased in the storytelling. I as the woman. I would not have chased him down. I don't know if the exact story, I do when he was doing his escape he smashed into various cars on his way out man. They're everywhere. I go to that area. I'm always in that area a lot that was much WalMart, but that area a lot. Yeah. When I move that will be my WalMart. Well, you better clean up your act. Walmart not too long ago. There was a police chase. And this is what I ever wasn't born yet. And I'm with landing and also I just here. And sure enough to chase comes into the parking lot is going up and down the aisle at WalMart. And I'm thinking we're going to get run over we're gonna hit I grabbed it and just ran and got up on an embankment because I thought to myself there's people everywhere why would this guy come through a WalMart for the for the chase? It wasn't like they were going ninety, but they were still chasing going thirty in a busy parking lot that could mean it's like going ninety anywhere else. You wonder why people shop online that this? Why not just shopping? It could be anywhere could be here. It could be at a gym. It could be walking down the street. You could be at a park. It's anywhere, right? This is the ones we find out about people get caught or report and all this stuff. We don't know about all the great stuff goes beyond me behind the scenes. All right, now, speaking of crazy. This is crazy Katie still undefeated, Jared and katie's pop quiz..
What to Watch as Apple, Facebook, Amazon and Netflix Report Earnings
"What is happening in the stock market. That is making news earning season is coming up right now just started right? These companies that are publicly traded are going to be telling you what they made in revenues and net income for the fourth quarter and all of last year net. Flicks is reporting. Pretty soon Alcoa Facebook. These are all Google Netflix Google Facebook. These are all companies that are going to be reporting soon. And if you're not prepared for them to report, do you know, how this quarter's earning season is going to affect your portfolio if net flicks. Mrs their earnings report, do you know what's going to happen to their stock? What's going gonna draw it's going to drop? It's gonna drop big time. Netflix. I'm reading in the newspaper today says that they're expecting to add nine point four million subscribers in the fourth quarter. If they report that they only added eight point eight million that's going to cause the stock to fall because that's what Wall Street is the most interesting. That's so really just if they are off by just a little bit the stock will fall now if they go above blastoff blastoff, so why wouldn't you then go lower like, you have your you have your nails done, right? Why wouldn't you then predict a bit lower as? All the companies do a little cherry pick. And we know that. But there's so many there's so many analysts analyzing these companies that some are more optimistic some are left less optimistic. So they take the median, right? They take the the middle. And so companies like Netflix the biggest companies in the world, how do those companies reporting in this quarter? How are they going to affect your portfolio? A lot of you listeners right now are invested in mutual funds are invested in Fs. And those investments are invested in these companies the Facebook, the new googles the Amazons of the world. It's my job as an investment advisor to be clued in and share with you what my analysis tells me is a better investment than a worse investment. What is the economy doing to make sure that? I can predict with a good level of statistical probability of what's going to take place. Okay. What is the trends? I can tell you what the subscriber growth for net. Flicks has been for the last five years. Find me another financial advisor that can say that find me another investment advisor that can tell you what Apple's revenues are for the last fifteen Amazon all of these companies, I know it with the back of my hand, I know the revenues for apple going back thirty years more than I know my best
"alcoa" Discussed on The Adam Carolla Show
"So it all worked out. Now Alcoa presents. Definitely nut Jews on the Adam Corolla show. To florida. A thirty two year old man was arrested after he looked himself in the bathroom of store books and. He's. Definitely not Jews. Well, I wanna thank monkey from corn coming in. Here we go way back thirty five million records sold to Grammys. It's crazy. It's crazy. It's a lot of records. I mean when there were records. Yeah. That's so weird. I mean, I guess it's like can we even keep track of anything anymore because like steroids and baseball like how what is the home run count mean anymore? It's all it's all change. It's all thank you. It's all different mind. Over matters the name of the documentary Seville on Amazon itunes and Google play produced by Nate ams guy, make all my docs with and it's very moving very touching. It's about a young guy named brain cerebral palsy in how basically you became an inspiration for him. Can you talk more about that? I mean, we were just out on the road. We were touring and doing what we do. And reaching. I started to notice, you know, we sort of a lot of fans will come up to us and say, hey, your music is touching me in a way that I feel like I belong someplace now, I feel like I have, you know, and we're all like these kids from Bakersfield who always felt like these misfits and out of place, and we kinda still do when we do festivals and stuff rock dues with you know, with Dita sweatpants. And well, it was kind of felt like these black sheep, you know. And I think that resonated with a lot of people and it resonated with Brandon, and he sort of approached us and said, hey, I got a tattoo of of you in head on my back. And we're like that's kind of in creepy, or, you know, but then once we met him, and he said, oh, it's helped me so much. I wanted to play guitar, and we started to notice this this shift in in the way, people were perceiving our music and just identifying with it and making them feel like they were part of something bigger or belong someplace, I guess, it's a really moving dock, and as you know, Nate only does good docs, stocks with me. Turns out he doesn't need me. I was talking about us going out to edge fast in. Well, outside of Minneapolis, Wisconsin, or whatever. And that's kind of how corn I like. That's when I realized they're all these huge bands there. And everyone's yelling for corn. Every time. I went out on state. Oh, you're nounce in the show. Yeah. I was announced show. Also, I do remember somebody threw a Yeager Meister bottle at me does me. Side of that little traveler bottles glass, the minibar Chuck it from fifty rose bags. Weapon is man, I think caught you at the bridge of the nose, plus you open. But the thing that's always funny about those events. They're like, look, we're buying your first class ticket..
"alcoa" Discussed on Bloomberg Radio New York
"I may Netflix, Charlie breaking down the headlines. Thank you. Because this dachshund down as much as five point six percent here in the after hours quarter EPS earnings per share, thirty cents a share that looks like it's six cents better than Wall Street was forecasting revenue though, a little bit of a mess fourth quarter revenue a four point nineteen billion. The estimate was for four point twenty one billion. And so you know, I had quite a rally insurance. Netflix. Dave talked about a fifty percent from their low. And so I would safe to say that the expectations were very high on this company. So a bit of a revenue miss, you know, there's going to be disappointment. That's what we're seeing playing out here in the after hours, right? And the stock is now down around four percents are not quite as low as it was a little bit earlier as people start to digest those results where you digest them even more as we get later on in the show. We're going to catch up with our friend Daniel Morgan down in Atlanta, who's been watching this one very closely. Looking at the SNP broadly up four hundred thirty three names gaining seventy two down zero unchanged. The biggest laggard again, Carol PGN AGA down nine and a half percent. You know, I it just the path very very unclear there. Yeah. It's now down seventy three percent this year. So talk about a haircut, right? It is clear. And so there's a lot to be resolved or dissolved. Or what have you how you want to describe it? So investors, you know, not willing to kind of take the ride. They're just taking like American Express just crossing now fourth quarter EPS coming in at two thirty two beating an estimate of a dollar eighty two dollars and thirty cents versus an estimate of a dollar eighty fourth quarter revenue coming in a little lighter ten and a half billion the estimate their ten point six billion. So similar start very different companies similar sto. Story to Netflix stocks down about half a percent here in the after hours, and that's after closing unchanged on the day for shares American Express, so far the show they're up about four point four percents. I certainly keeping a watch. Let's go to Morgan Stanley. If we may we talked about it a lot here. Obviously, the big banks all reporting this week. There was disappointment in the share price at its lows. Jason doubt about six and a half percent by the close down four point four percent. And this has to do with its fixed income trading fixed income traders the worst among the street and the big banks that were reporting, but as we heard from Arlon new in she said there were several buckets. So at Morgan Stanley where there was disappointment equities as well with the other banks as she rightly pointed out there was something else that was going to say them for Bank of America. It was the retail side for Goldman Sachs. It was the dealmakers. There was no such savior it. Feels like a mortgage Stanley certainly one will continue to watch going back just a net. Flicks. The shareholder letters out as well. See irritating says is coming. He now has one hundred and thirty nine million paying subscribers after adding a record eight point eight million subscribers in the quarter dot coming back a bit. I should notice doubt now down if I'm reading this, right? A little less than one percent in after market trading bouncing around there so still lower. But not nearly as low as it was when those numbers I came out to looks like a little as I said digesting going on there. I just want to take a look at apple because I think we got this story after the closing bell yesterday has to do with apple cutting back on hiring for some divisions after selling fear iphones and expected missing its revenue forecast for the holiday is according to folks in the know, so this was a story that we had out late yesterday. As for apple shares down one percent of their lows. They were up as much as one point eight percent by the close their Jason up six tenths of a percent. And as we now apple shares. They're just a little change on the year doubt about one point two percent in two thousand nineteen. All right. Let's get a quick check on volatility. I'd check this earlier rise that volatility was actually down given that gyration that we had over the headlines related to China. Trade volatility down the vix down four point six percent closing at eighteen point one six. This is Bloomberg..
"alcoa" Discussed on KQED Radio
"It to them. Oh, really? This is a language that uses every tile in the scrabble game. Do you? ALCOA T L Quetzalcoatl. They sacrificed all their vowels. Exactly, right. Murray. Seven letters salamander also called Mexican walking fish show. What? It's not quite the word Saul acts with. And it ends in t l. Four seven. Title. Spill it X L L O T L it needs one more one more heat. So why or? Arne method easy. I'd like to buy a e. Skipping over spell it. But I saw it in my off the Malla GIS office. A X A X axioms L O T L while they were really close toss it to the other side a ex oh. That is correct. So you guys get seven points for almost all the way. They're excellent acts, and you can see it in every single issue of mad magazine. Delaney six letters alternative name for a psychedelic cactus. Pay you know? L? Groom. Title schedule. Schottel you were very close a moment ago. Hey odie. It's very much like. Why OT L E Y OT L pronounced?.
Currency War Erupts, Threatening to Ripple Across Global Markets
"The emerging market equity and debt space but I think everyone's is a set for the November elections in the US media relations on the assumption that, Trump is saying all these things the. Moment in order to kind of gone more votes for the Republicans in those. In those elections, and I think that's maybe the space as a Chinese authorities to, take a moment and, therefore I think the real kind of gearing up the negative sentiment concerns about this trade wolf really becoming. A true war. That extends over many many months would come, be on that so, maybe in the near some. People will hold onto them a risky assets? But I say if you really wants to take some defensive positions move into bone some move into cash John Gary of the Adamy. Metals zinc and, call six dollars you see a real shift that's for the first, time in a year Lose more painted calm in the commodity complex I too because I think. That's been really the focus of of these these kind of, tires that we've seen in having a mold dramatic impact and more companies that. Are getting, into a Titus spots, on profitability and, therefore as I said earlier Alcoa was one the first, come, out as amongst the majors to say yes all profits are now. Going, to be lower than what we'd expected clearly that's a huge shift from a very vibrant US equity. Market conditions where most companies have guided up, so it will be in the commodity space but then it could be soon in the consumer space as well as some of the, intermediate goods that go. Into US consumer goods, get tariffs on them, prices. Go up demand foles as does prophets Gary if you, look at a, chart of the Chinese UN it's getting very very close to levels against the dollar last. Seen at the start of the Obama administration and I can't imagine that Trump would be thrilled with that result as we morph. Into a currency war from a trade, war is there, a different set of economic Implications that comes with an x four versus trade tensions I also think the. Currency was seen as something quite deliberate More, about benign neglect, they're quite happy to see the currency drift. Many currencies have drifted low is seeing the tensions Indonesia Malaysia of late and we've seen it with. The Indian rupee so I don't think that's necessarily, governments are out to manipulate the currencies dramatically because. They, do that they forced them down then, speculators get behind it then it gets out of. Control out of control, indeed what we'll be watching that very closely Gary Dugan you are. Staying with us, still ahead, the g. twenty. Says emerging markets are better prepared than others for threats to global growth but market volatility of course remains a, concern we will get. The opinion of Emirates NBD later this hour on that outlook Next President Trump, sends a, message to the. About tightening we look at the reaction in just a moment this is Bloomberg.
Amazon, Toyota, Alcoa and others working to counter Trump's tariff plans
"An adaptive adversary So, you can have your own Faraji cage And you can you can get help for that. Through the MRs folger's or Mr. Maxwell house 'cause what, they say is just take, a coffee Cam keep, it near the door three keys in there And, you're protected you've got your. Own Faraday. Cage perfect. Perfect sound like the cage. I keep note we will get ferret cage it's not like age or or. Or which cage or anything like that yeah let's have, wholesome and work they do, they do they do Gonna mention. It anyway I'm. Gonna mention it. Anyway, I am trouble no it's it's. Because it's big news it really is They, can only find the big news. I'd be okay The big paper I've got it right here But, it things are heating up with you know the tariff talks in, the auto industry and just this past week the auto industry is, a whole that. Means domestic makers General Motors Fiat Chrysler Ford and all the rest Toyota Mazda, Nissan the whole auto alliance out the the alliance of automobile manufacturers They implored they import the Trump administration this past Thursday to put the brakes on a proposal to import to impose tariffs, as high as twenty five percent on imported cars and auto parts under the guise of boosting national security such, levies they, warned would result in higher higher par prices and industry-wide job losses Simply put they said auto tariffs. Are massive tax on consumers industry analysis shows that a twenty five percent tariff would raise the price of an imported car nearly seven thousand dollars so if you took a thirty thousand dollar. Car twenty five percent tariff seventy five hundred dollars, more now all of a sudden thirty seven thousand five hundred dollar car And that's what they're saying on the. Average import car and they're saying the price of the average US built car will rise somewhere between two and three. Thousand dollars and that equates to an eighty three, billion dollar tax on US consumers that they say. Would would trigger a domino effect in the industry and the economy 'cause when vehicle prices rise demand drops lowered demand less production help project went production declines Yes what jobs follow so you know there's a really big push on. This they're fighting like crazy, and they should say it's going to affect all of us and I would just say if you don't want to, spend twenty five percent more on. Your next car or next. Two or three thousand, dollars, you should, fight it, as well, and you know what's interesting What's real interesting and all this they're saying that the classic, car industry near they could be. Hurt by tariffs as well Really yeah you know how many cars they say the cars that are classified as Quadra cars. You have any idea how many there are on the road here in the states or Oh. I have no. Idea? How. Many there actually I thought you were Karjina assignment GI one of my garage what. That's considered a classic which one the volts might Volkswagen yeah that is that's pre pregnancy So am I come a classic but yet they say there, are twenty million cars that. Are classified as electric cars in? The, United States. According to Haggerty And? There's been about this about one and a half billion dollars worth of collectible vehicles that are sold at auction each year And that's only a thin slice of it they say about ninety five percent of collective car sales are not at auctions And what they're, saying is since a lot of these things are imported Those cars we'll get affected as well and they're saying on collectors. Scar some of. Them could mean two hundred and fifty thousand dollar bump, g tariff pretty but, I guess if? You've buying a million dollar, part you can afford to hey guess. What what we got callers good and we need to get, to him but. We've only got about. Another thirty seconds still a break Chris and Tampa if you'll hold on I. Promise right after the break we're going to. Get to you and maple take the. Break a little bit early today so we're gonna do that right now You're listening. To square talk on cars reindeer ought to be back in just a couple. Of minutes with more square talk I just. Told him a square talk on yours But some people still think. In education from northern Virginia community college is just settling the thing is at Nova there. Faculty are.
Apple launches $300 million green energy fund in China
"Quickly threatening a recession that chairman jerome powell present the information to congress next week according to reports pal has said the economy is it really good place adrienne mitchell bloombergradio goldman sachs and blackstone group of taken a minority stake in private equity firm francisco partners terms of the transaction were not disclosed but lemberg has learned that u investors will hold less than ten percent interest francisco is a tech focused firm that has invested in more than two hundred companies since its founding in nineteen ninety nine apple the iphone maker has upped its environmental efforts in asia bloomberg's courtney donohoe has more apple announced at three hundred million dollar fund to promote clean energy in china the company wants to boost the use of renewable energy and its supply chain which is primarily spread across the country apple and ten of its key suppliers and partners will contribute to the fund over the next four years deutchebanks asset management arm will manage and invest in the fund earlier this year apple also helped aluminum suppliers alcoa and rio tinto start developing a new technology that eliminates greenhouse gas emissions during production that.
Apple is spending millions to clean up China's environment
"Threatening a recession that chairman jerome powell present the information to congress next week according to reports pal has said the economy isn't a really good place adrienne mitchell bloombergradio oil is poised for its biggest weekly loss and almost five months new york futures plunge almost five percent to speak trade tensions between the us and china rattled investors and libya's plans to boost production quelled some fears of a supply crunch apple the iphone maker has upped its environmental efforts in asia bloomberg's courtney donohoe has the story apple announced a three hundred million dollar fund to promote clean energy in china the company wants to boost the use of renewable energy in its supply chain which is primarily spread across the country apple and ten of its key suppliers and partners will contribute to the fund over the next four years deutchebanks asset management are more manage and invest in the fund earlier this year apple also helped aluminum suppliers alcoa and rio tinto start developing.
Qualcomm Stock: QCOM Shares Tank Amid Layoffs
"The latest headlines with chris kirkum at the bloomberg daybreak desk good morning chris good morning karen russo wants china's help to ease the pain of us sanctions that are rocking the metals market people familiar with the matter tells bloomberg the russian aluminum producer is talking to chinese companies and traders doing more business there meanwhile aluminum prices are gaining once again this morning after alcoa boosted his global deficit forecast for this year the mental is gained about thirty percents is the us announced sanctions against russia qualcomm must come up with more concessions if he wants china to approve the long delayed purchase of annex piece semiconductors china's commerce minister says the deal may hurt the country's tech industry and proctor and gamble is paying four point two billion dollars for the consumer health united germany's merck with the move png acquires a one billion dollar business that sells products and muscle pain and colds for all the news you need to start your day check out daybreak on your mobile phone on.
Oil climbs on Saudi price ambitions and U.S. stocks draw
"A real possibility now okay that's that's theater at this point in the markets figured that out and it's moved back up at the same time i think risks have risen has for the interest rate outlook david don abedian is chief investment officer of the atlantic trust group the language from the the new powell fed has been a little bit more pocket and we think that will translate into three more rate hikes this year a little bit more than the than what's built into the market now crude oil rallied to the highest since december twenty fourteen after the us government reported across the board declines in domestic stockpiles of oil oil gasoline diesel and jet fuel opec and nonopec oil ministers will be meeting tomorrow in jeddah saudi arabia to discuss how to keep a global oil glut from returning as for the oil outlook francisco blanche's head of global commodities research at bank of america merrill lynch i don't see a sustained eighty plus throughout the whole year because again remember the peak of the of the demand season is july fourth does one every american goes on and drives but also every europeans out on vacation in in july and all this strikes let's going to press up the price of oil led by the transportation fuels like diesel and gasoline west texas intermediate crude oil advanced today by three point four percent after the bell earnings beats from both american express and alcoa stocks mixed the dow down thirty eight down two tenths of one percent sp up two points up one tenth of one percent nasdaq up fourteen up two tenths of one percent i'm charlie pellett that's a bloomberg business flash bloomberg best june grasso and ed baxter continues as mike pompeo awaits senate confirmation to become secretary of state president trump confirmed today the former cia chief met with north korean leader kim jong hoon last month for more on the us position in asia bloomberg's tom keene in france in the quad spoke with robert hormats vice chairman of kissinger associates what would be your vice to mr pompeo in terms of the speed of change.