35 Burst results for "Amy Morris"
Bloomberg Radio New York
"amy morris" Discussed on Bloomberg Radio New York
"I'm Karen Moscow and U.S. stock index futures are on the rise this morning. We check the markets all day long here on Bloomberg, yes and P future is up to chance of upper center 7 points now features up to tenths of a percent or 51 points, and NASDAQ futures have a quarter percent or 29 points the Dax in Germany is up a quarter percent ten year treasury down two 30 seconds the Yale 3.97% yield on the two year 5.03% Nathan. Karen will have more on the markets in a minute, but we begin this morning at The White House, President Biden has endorsed a bipartisan bill that would give him authority to ban or force a sale of TikTok, Amy Morris has details from our Bloomberg 99 one newsroom in Washington. The legislation doesn't mention TikTok by name, but applies to any foreign owned technology that could be a national security threat. The bill itself has bipartisan support. Republican Mitt Romney. When we come together, it says that Congress is recognized the Chinese Communist Party, that is, is not our dear friend. Democratic senator Mark Warner explains that without the bill, China could be weaponizing the platform. It poses both a data collection problem and the potential for TikTok to be used as a propaganda tool for the Communist Party. The legislation gives the administration authority that can stand up to a court challenge, TikTok may also face a separate national security review led by the committee on foreign investment in the U.S.. In Washington, I'm Amy Morris Bloomberg daybreak. All right, Amy, thanks. We'll travel restrictions on China may soon be easing. Sources tell Bloomberg, the U.S. is set to lift COVID testing requirements for travelers from China as soon as this week. We're told the U.S. is evidence that cases, hospitalizations, and deaths are declining in China. Karen, we're getting more clues about President Biden's budget sources tell us it will include one of the biggest peacetime budgets ever for The Pentagon, $835 billion that's 19 billion more than this year. White House economic adviser Barack Ramadi says the plan will also boost domestic spending. The budget is going to lay out his plan for how we can continue to invest in America, protect
Bloomberg Radio New York
"amy morris" Discussed on Bloomberg Radio New York
"Now the latest news from New York City and around the world, here's Amy Morris. Thank you, Tom, the death toll in turkey and Syria has now topped 5000 a day after a pair of massive earthquakes tore through the region. Bloomberg Simon de McCann is on the ground in Istanbul. Here in turkey, it's a race against time to try and save as many people as possible and international rescue teams have apparently reached the region Bloomberg simmon dem and canon Istanbul, turkey's president Erdoğan has declared a state of emergency for the next three months in areas impacted by the earthquakes. The White House says it's looking forward to getting whatever data it can from the down to Chinese balloon. We get that story from Bloomberg said Baxter. It says recovery efforts are in full swing, spokesman John Kirby says they aren't worried about any lost intelligence to China at this point and says this is not their first dance with a balloon. Some dating back to the Trump administration. At least on three occasions, surveillance balloons by the PRC transited U.S. airspace. I will say that for maybe an indication that we have that that was for brief periods of time. Kirby says they hope to find out how high up the China leadership food chain decisions were made. In San Francisco, I met Baxter Bloomberg radio. The first major criminal charges that Donald Trump could face for interfering in the 2020 election might come from Atlanta, Fulton county, district attorney fani Willis, says her decision is imminent on whether to indict Trump. That decision will have a ripple effect on the Justice Department's special counsel probe, DoJ is watching to see how this might affect their case. President Biden holding his administration's legislative achievements out when he delivers his State of the Union address tonight. Our life coverage begins at 8 30, Wall Street time live from Bloomberg interactive broker studios. This is global news powered by more than 2700 journalists and analysts in over 120 countries. I may be Morris. This is Bloomberg. It's
Bloomberg Radio New York
"amy morris" Discussed on Bloomberg Radio New York
"Bruins won. Global news, 24 hours a day on air and on Bloomberg quicktake, powered by more than 2700 journalists and analysts in more than a 120 countries, I'm Michael Barr and this is Bloomberg gaming. All right, thank you, Michael. It's 5 42 on Wall Street. This is Bloomberg daybreak. I'm Amy Morris alongside Nathan Hager. Let's take a look at some of the other stories making news this morning Wall Street's focus returns to earnings this week. We have several big technology names scheduled to report. Here are the preview is Bloomberg's Charlie pellet. This week we hear from Intel IBM and Texas Instruments. Those reports come as big tech companies slash tens of thousands of jobs amid a slowing economy and sputtering profits. Sarah hunt is portfolio manager at Alpine Woods capital investors. I think that some of the concerns that people had about the first quarter could get pushed into the second quarter and the third quarter because earnings may or may not be holding up. We don't really have an answer yet. We've seen a little bit of diversions on the financials depending on where you are. But I think it's really going to be what's going to happen to profit margins. What's going to happen to earnings? Also this week we'll be hearing from 3M Boeing GE Johnson & Johnson Mastercard Visa Southwest Airlines and American Airlines among many others. In New York, Charlie pellet, Bloomberg, daybreak. Lots to look forward to. Thank you, Charlie on the economic front this week. We're looking for a key government report on growth in the final quarter of last year. Bloomberg swinney del giudice reports. Bloomberg economics anticipates the economy expanded at a 2.8% annual pace, not bad while things considered. For now, consumer spending and business investment are providing support, offsetting the most dismal housing market in more than a decade. Looking ahead the overall U.S. economic outlook for the new year's in doubt as the Federal Reserve presses on with higher interest rates to fight inflation. Also this week, December data on factory orders, new home sales, and consumer spending. They need to Bloomberg daybreak. All right, thank you, Vinnie. Turning overseas, Germany and France are warning European businesses will need to unleash investments on a massive scale to keep up with the U.S. and China, leaders of the two countries met in Paris to discuss how the EU should respond to President Biden's inflation reduction act. German Chancellor Olaf scholz speaking through an interpreter says the block must not be treated differently to others. It is necessary that we handle the inflation reduction aid and formulate a European answer. Firstly, we have to make sure that, as a European Union, we are not treated worse than neighboring countries such as Canada or Mexico, and it can not be accepted that the many local content regulations that are in there cause discrimination of European businesses Olaf Schultz and Emmanuel Macron say Washington's plans unfairly subsidized U.S. companies. And in the UK today, Amy ambulance workers are walking out in the biggest strike by first responders. Trade unions are protesting pay levels in Britain's national health service they are demanding a double digit, pay increase. All right, thank you, Nathan. Now to another story that we are watching, Ken Griffin's Citadel churned out a record $16 billion in profit for clients last year, outperforming the rest of the industry, where a joint now by Bloomberg senior hedge fund, reporter nishan Kumar. Thanks so much for taking the time with us nishan. What is Citadel doing right? It's really a story of Citadel, but as well as the strategy that they manage, which is a multi strategy. So these firms are emerging as the most powerful money making machine on Wall Street. What they really do is hire the top traders in the world. Run dozens of strategy led by dozens of traders and their ruthlessly cut out the losers immediately and let their winners run. And that this combination combined with amazing risk management controls that they have is producing some of the most biggest returns in the industry. So it's Citadel millennium .72. All these players together are producing the steadier double digit returns that hedge funds have seen for many years now. But those are the large multi strategy hedge funds is that correct with hedge funds overall actually lost more than $200 billion last year. So are the big guys getting bigger, the smaller guys are still struggling? That has been the trend for many years now. The problem with most of the industry is running single strategy that in a strategies come in favor and goes out of favor. So that's why the steadiness in return is missing from them. And that's why investors are migrating towards these large multi strategy investment firms. Where they're not betting on a single manager or a single strategy. But they are betting on this machine that basically incorporates a lot of strategies. A lot of top traders and what this has triggered is that a lot of top managers who were running their individual funds individual strategies. Basically, they are giving up on their businesses and just moving to Citadel for millenniums of the world. So then we're going to see more of a consolidation in the hedge fund industry. Definitely, if we look at a multi straps there on the cost of becoming the most dominant strategy in the world, until now, equity long short hedge funds had that dominance in the industry, but for the first time ever, we are going to see multi straps taking over. Is Citadel going to
Bloomberg Radio New York
"amy morris" Discussed on Bloomberg Radio New York
"Things aren't exactly looking up for the UK economy in 2023 more on that just ahead. I'm Amy Morris. This is Bloomberg. On the latest edition of the Bloomberg business week podcast, a conversation with Bloomberg businessweek senior editor Brett Beacon on the Bloomberg 50. I would say that the biggest theme that emerged is the tentacles really that the war in Ukraine had. So we have obviously volodymyr zelensky is on the list. But then when you start to look into other industries, you see people in the finance world like Dolly Singh, there was the architect of the sanctions regime against Putin. He's on our list. And then I would say it was also sort of hard to avoid what's going on in crypto and the winter. So we had some familiar names like Serena Williams, who's raising money, including investing in some crypto stuff. People like Katie Han, and up until about a month ago, we thought we were going to have someone with the initials SPF on the list. But a lot of putting his replacement John rayon instead. My favorite, though, Brett is Bad Bunny. Yes. For those who are on Paul, explain that one to me. Reggaeton, man. Oh, okay. There you go. That bunny is kind of fascinating. You know, he sort of emerges in the pandemic from he's really sort of first recognized when he was a teen for his work on SoundCloud. And it's been an incredibly prolific musician in the last couple of years. And it really culminated this year in him selling more tickets to concerts and having the number one album of the year when he had competition from some huge names Harry Styles Beyoncé, BTS, et cetera. So no one had a bigger tour this year and no one had a bigger album this year. Catch more of this and other conversations on today's Bloomberg businessweek podcast. Subscribe on Apple Spotify and anywhere else you get your podcasts. Plus listen anytime on Bloomberg dot com. There's so much news happening around the world that were somehow supposed to stay on top
Bloomberg Radio New York
"amy morris" Discussed on Bloomberg Radio New York
"To world of national news Nancy lions is on that hey dance. Thanks, Carol. Police and Chesapeake, Virginia, say the suspect in last night's shooting at a Walmart was an employee at the store. He died from what's believed to be a self inflicted gunshot wound after killing 6 others. Virginia governor Glenn youngkin says now is the time to support those impacted. It's a horrendous senseless act of violence and today we have to come around families and support them. There will be time for us to react and better understand. But today is a moment where we need to support these families that are facing the unimaginable. Youngkin has ordered flags to be flown at half staff, authorities say they're still looking into a motive for the deadly attack. Republicans are escalating their fight with The White House over border security. We got the latest now from Bloomberg's Amy Morris. GOP state officials are using an 11th hour legal maneuver to try to preserve pandemic era border restrictions that a district court ruled unlawful, title 42 is a public health order that allows border officials to expel asylum seekers. The U.S. district court for the District of Columbia last week concluded that the order was unlawful and set title 42 to expire December 21st, but more than a dozen states are intervening, arguing that the court should allow them to join the case. In Washington, I'm Amy Morris, Bloomberg radio. At the World Cup today, another massive upset with Japan defeating Germany two to one, Morocco and Croatia played to a scoreless draw Spain easily defeated Costa Rica, Belgium and Canada are scoreless 11 minutes in. Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than a 120
Bloomberg Radio New York
"amy morris" Discussed on Bloomberg Radio New York
"Your reaction to president zelensky saying that the missiles that landed in Poland were not Ukrainians? That's not the evidence. President Biden, along with Poland and NATO all say the missile likely came from Ukraine's air defenses, but they also say Russia bears ultimate responsibility. Well, president zelensky is also facing questions about the air strike, Nathan, Bloomberg news editor in chief John Michel weight, spoke with the president by a video link at the Bloomberg new economy forum in Singapore. But I'm sure that this is a Russian missile, and I'm sure that we were launching the air defense missiles, but we can't say specifically that this was the defense of Ukraine all that we are grateful for not being blamed because we are fighting against Russian missiles and our territory, but nevertheless. We have to be fair and honest. Until the investigation is over, we can't say what kind of missile or what pieces of which missile fell on the Polish territory. Speaking through an interpreter, president Vladimir zelensky says Ukraine will go to the blanche side in Poland as part of the investigation, catch more of our interview with the Ukrainian president from the Bloomberg new economy forum coming up shortly in our program. In the meantime, Karen future U.S. financial support for Ukraine may be in question. Now the Republicans have officially gained control in the House of Representatives. Amy Morris has details from our Bloomberg 99 one newsroom in Washington. It is a power shift in Washington with Republicans winning a narrow House majority. The GOP now has subpoena power and control over powerful committees, and that has Democrats worried about the future of President Biden's agenda and future financial support for Ukraine. Republican lawmakers are set to give closer scrutiny to financial support for Ukraine, House minority leader Kevin McCarthy, who is set to become speaker, says Republicans are not going to write a blank check, while President Biden does have some workarounds GOP demands will make U.S. allies uneasy. In Washington, I made me more as Bloomberg daybreak. Right, Amy, thank you while Republican control of the House may also benefit financial services firms next year the GOP will lead the powerful financial services committee which can demand information from the heads of agencies such as the SEC and the consumer financial protection bureau and seek to dial up oversight on regulators, analysts say banks and hedge funds could gain from any slowdown in SEC actions. In the UK this morning Karen investors are closely watching Chancellor of the exchequer Jeremy hunt, he delivers details on the UK's budget today. Let's go live to London and get the very latest with Bloomberg's Ewan Potts. Good morning Ewan. Good morning, Nathan and Karen tax rises and government spending cuts are coming down the line. Chancellor Jeremy hunt will stand up in the British Parliament later this morning
Bloomberg Radio New York
"amy morris" Discussed on Bloomberg Radio New York
"We'll get rolled in national news with Amy Morris. Thank you, Paul, House Republican leader Kevin McCarthy is unveiling his commitment to America platform. It's also the centerpiece for his own campaign, as he runs for Speaker of the House we get details from Bloomberg's herb Chapman in Washington. McCarthy held up a pocket sized copy of his plan. This is what we'll do. On that very first day that we're sworn in, on our very first bill, we're going to repeal 87,000 IRS agents. Republican Steve scalise. Mister president, if there's a bill put on your desk to lower energy costs, will you sign it or veto it? And if you veto it, I think now the country understands what's at stake. The Republicans promised border security appearance Bill of rights and a steady stream of investigations of the Biden administration. In Washington or Chapman Bloomberg radio. Russian president Vladimir Putin is once again making thinly veiled threats of using nuclear weapons in the conflict with Ukraine, experts say this can not be discounted. Texas a and M professor John schulz. If the war turns against them conventionally, that's when they would be tempted to brandish the nuclear threat. And that appears to be happening here. Texas a and M professor John scholl says if we see the U.S. ramping up activity in that part of the world, then it would be time to take the threat more seriously, but however, he says that is not happening. Florida representative Matt Gaetz likely will be able to avoid charges in a long running sex trafficking probe as federal prosecutors are now recommending against those charges sources tell The Washington Post. There are new questions about the credibility of two of the central witnesses. Global news 24 hours a day on air and on Bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries
Bloomberg Radio New York
"amy morris" Discussed on Bloomberg Radio New York
"I'm Amy Morris. This is Bloomberg. The balance of progressive presents don't do it yourself. Okay, fixing the water heater, easy peasy. Oh yeah? So you know how to secure this gift joint? Yeah. Detach the steam pump? Takes two seconds. 10,000 the doable to the pressure tube? Yeah, I'm a dad, taught me how to do that. Oh, that's interesting, because I made all those things up. Look, we should just bundle our home and auto with progressive. We could save big, then pay someone to do it for us. That's cool. This doodles are wrong size anyway. Safe, when bundling home and auto with progressive and use the money to not do it yourself, coverage for progressive casualty insurance company for the third party insurers, but it is not available in all states situations. It's always shifting. What are the chances we actually are in a recession just don't know it. There's been an ongoing question about negotiations with the Russians track each transformation with Bloomberg's David Weston. The tug of war between inflation and rate hikes from politics to business. From markets to medicine. Where are we in testing and where do we need to be? Bloomberg balance of power with David Weston. Weekdays at noon eastern. We take a look at the midterm elections coming up in November. On Bloomberg radio, the Bloomberg business app and Bloomberg radio dot com. A shiro's work is never done. You care for the house. The kids and our future. We're so grateful for all you do. Now, it's time to care for yourself. And save a little more for retirement. A free three minute online check can give you the personalized tips you need to boost your retirement savings now. Visit ace your retirement dot org today. A public service announcement brought to you by AARP and the ad council. Economics. German power looks brilliant planning. Some breaking news for you, a share sales. Investment. How much dynamism is there to the economic recovery? Does Bloomberg surveillance podcast? Do you want some volatility Tom? Please, you want me to go there. John Keane, Jonathan perrot, Lisa Abraham, and the names that shaped the world's markets. Joseph stiglitz of Columbia University, the laureate. Bloomberg surveillance. Listen today at Bloomberg dot com, the Bloomberg business app or
Bloomberg Radio New York
"amy morris" Discussed on Bloomberg Radio New York
"Off to Nancy lions. She's in D.C., hey Nancy. Thanks, Carol senators, are pushing for more details about the content of the document sees last week at Mar-a-Lago. Bloomberg's Amy Morris has the latest from Washington. Members of the Senate intelligence committee made a bipartisan request for those documents. Senators Mark Warner, a Democrat who chairs the committee, and Marco Rubio, its Republican vice chairman, made the request in a private letter yesterday to the Justice Department and the office of the director of national intelligence. They asked the agencies to provide the panel with the documents and a quote assessment of potential risks to national security as a result of their mishandling. In Washington, I'm Amy Morris Bloomberg radio. Rudy Giuliani's lawyer says they've been lawyers say they've been told Giuliani as a target of a criminal investigation into possible illegal attempts by then president Trump and others to interfere in the 2020 general election in Georgia, also today a judge says South Carolina Republican senator Lindsey Graham must testify before Georgia grand jury, looking into that possible interference. Graham had previously said he was immune to such testimony due to his position as a senator. Well, when it comes to climate change, Americans are convinced that it is happening, but fewer of them are willing to do anything about it and a new AP norc center poll found most people like Desmond adal and Indiana banker feel they can not do much to affect climate change. I could swap to a bike right now and only bike everywhere. And I really don't think anything would change as far as like how humans are affecting climate change. This poll also found climate change is not mentioned as a priority by many Americans. Global news 24 hours a day on air and on Bloomberg
Bloomberg Radio New York
"amy morris" Discussed on Bloomberg Radio New York
"Chief Eddie Garcia. Several rounds that are found, simultaneously, as she's doing that, our officer engages the suspect, strikes her in the lower extremities. She's taken into custody and is currently in Parkland hospital. Chief Garcia says her motive is unclear no one else was hurt. Congress is getting an update on the situation in Ukraine this week, details from Bloomberg's Amy Morris in Washington. Lawmakers in the House and Senate will get separate classified briefings on Wednesday afternoon. The U.S. has delivered a dozen defense systems and approved four more in a new $270 million military aid package, including as many as 580 additional anti armor reconnaissance drones. Meanwhile, The Pentagon is looking into the feasibility of providing fighter jets to Ukraine, although that effort is in its very early stages. In Washington, I'm Amy Morris Bloomberg radio. Pope Francis has made history in Canada apologizing for the Catholic Church's cooperation with the country's indigenous residential schools More than 150,000 native children in Canada were forced to attend the Christian schools from the 19th century until the 70s, the Canadian government has admitted physical and sexual abuse were common at the schools. Global news, 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries, some way to let this is Bloomberg. And JIT progressive notes that most people don't get to experience making a game winning touchdown, or a walk
Bloomberg Radio New York
"amy morris" Discussed on Bloomberg Radio New York
"Been 5 straight days of hitting 100°. That is the longest stretch on record. At least 2000 firefighters are battling a raging wildfire just west of Yosemite National Park, more than 6000 residents have been forced from their homes, extreme drought, fueling the flames, Cal fire battalion chief John hege. We're seeing that when changed throughout the day, which really kind of puts the fire front in different areas as we fight the fire. California's governor has declared a state of emergency. Donald Trump will test his waning appeal among Republicans with a visit to the nation's capital. That story from Bloomberg's Amy Morris. The former president will deliver a keynote speech tomorrow at the America first agenda summit in Washington a conservative conference. His remarks come on the heels of a House committee hearing that portrayed him standing by indifferently even vindictively for hours as a mob of his supporters battled police and chased lawmakers through the halls of the capitol. Trump is not expected to announce a third run for president in his Washington speech. His former vice president Mike Pence will deliver remarks of his own scheduled for today. In Washington, I made me more as Bloomberg daybreak. He was the instrumental in getting Republican George pataki elected governor and Al d'amato elected senator in New York. The former state Conservative Party chairman Michael long has died, he was 82. And Pope Francis has landed in Canada and was being called a penitential journey to apologize to Canada's indigenous people for the abusive children in residential schools going back to the 19th century. Global news 24 hours a day on air and on Bloomberg quicktake. Powered by more than 2700 journalists and analysts in more than 120 countries. I'm John Tucker. Have this is Bloomberg, Nathan
Bloomberg Radio New York
"amy morris" Discussed on Bloomberg Radio New York
"We're at or near a bottom And that's what a lot of folks are trying to position themselves for as well Right now let's head down to Washington D.C. will get world and national news Nathan Hager Paul we're waiting for an announcement from the Biden administration on nearly $1.2 billion in additional support to Ukraine a source tells Bloomberg the announcement could come as soon as today it is expected that $650 million of that package would be weapons including for the first time vehicle mounted harpoon anti ship missiles defense secretary Lloyd Austin is in Brussels urging his NATO counterparts to do more We're working in lockstep to meet Ukraine's request for new capabilities Especially its need for long range fires armor and coastal defense Defense secretary Austin in Brussels as Russia is assault continues world leaders are looking at ways to keep lines of communication open We get that story from Bloomberg's Amy Morris Secretary of State Antony Blinken says it's up to Ukraine to make any decisions about territorial concessions as the U.S. and its allies work to make sure Kyiv gets the help it needs on the battlefield But French president Emmanuel Macron says a line to the Kremlin has to stay open since Ukrainian president zelensky will have to negotiate with Russia over the longer term This as China's president Xi Jinping reiterated China's support for Russia's security concerns in Washington I may be more as Bloomberg radio The suspect in last month's mass shooting in Buffalo New York is now facing federal hate crimes charges attorney general Merrick Garland announced 26 new counts today against 18 year old Peyton gendron if convicted he could face the death penalty Ten people all black were killed in the attack at the top's grocery store may 14th In today's complaint an FBI agent says the suspect's motive was to prevent black people from replacing white people Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists.
Bloomberg Radio New York
"amy morris" Discussed on Bloomberg Radio New York
"The world and national news standing by is Erica her squids in a Bloomberg 11 three O newsroom in New York Hey arca Hey Tam Well it's a busy day for primaries with voters getting to the polls in 5 states Bloomberg's Amy Morris reports from Washington In Georgia incumbent Brian camp has the backing of former vice president Mike Pence His challenger David perdue is in the Donald Trump camp In Texas the only anti abortion Democrat in the house congressman Henry cuellar is being challenged in a runoff by Jessica cisneros who is running as an abortion rights supporter Alabama Republicans will decide who will succeed retiring 6 term senator Richard Shelby Arkansas and southern Minnesota are also holding their primaries today In Washington I made me Morris Bloomberg radio House speaker Nancy Pelosi says the loss of long-standing abortion rice is an insult to women in the U.S. the California Democrat argued decisions by women about their reproductive healthcare rights should never be politicized The recent leak of a draft Supreme Court opinion signaled an end to the 1973 decision roe versus wade It looks like we're in for another busy hurricane season Noah administrator Rick spinrad has the prediction For the range of storms expected Noah calls for a 70% probability of the following ranges 14 to 21 named storms with top winds of at least 39 mph 30 seconds Administrator spinrad says the hurricane season starts June 1st and runs until November 30th NBC News is reporting that Andrew abdallah is in custody after surrendering to NYPD police in connection with Sunday's fatal New York City subway shooting of a Goldman Sachs employee in a tweet commissioner kishon su will ask for help in apprehending the suspect Global.
Bloomberg Radio New York
"amy morris" Discussed on Bloomberg Radio New York
"Be in the works to try to deal with the growing food crisis for more let's head to our Bloomberg 99 one newsroom in Washington and Amy Morris Amy Thank you John international development agencies have unveiled an action plan now for addressing that growing global food crisis joining me now to talk about what's going on Bloomberg news editor Millie munchie She covers agriculture for Bloomberg news She's been following this issue from the very beginning Millie it is always a pleasure Thank you so much for taking the time with us Thanks so much for having me There's a lot going on here much to talk about since we spoke last a few months ago I want to start with the rising food costs that are sparking so much concern Russia Ukraine being two major grain and fertilizer producing nations and that's really where the crux of some of this is happening at least maybe exacerbating something that already existed If you could just bring us up to speed there Yes You're exactly right but the situation in Russia and Ukraine is exacerbating what was already a food inflation crisis where we've seen food inflation rise to historic levels over the last couple of years If you look just at the price of wheat it's a great example of what's going on Wheat futures that trade in Chicago they're up more than 50% since the start of the year And that has a lot to do with Russia and Ukraine because those two countries are both major grain exporters That region of the world is sometimes called the breadbasket of the world And obviously when you've got wheat prices skyrocketing like that it has a major impact on importing nations in the Middle East and North Africa and other parts of the world including Asia Those countries all have to pay more for wheat that goes into bread that goes into pasta It's really a stable for a lot of the world So when you see those prices rising it is a big concern in terms of the hunger situation And we both mentioned how this is an exacerbation This started being a problem before Russia invaded Ukraine Can you give us a little background a little history here as to what was going on before that happened Yeah so global food prices have been on the rise basically since the start of the pandemic You've had one issue after another really crimping the global food production and sending prices much higher First of course we had the snarled supply chains of the early pandemic time but they didn't go away right then The lasting impact of those supply chains we can still see it in things like higher shipping costs And the fact that a lot of firms have had a trouble finding enough labor And then on top of that you've had the climate change situation Climate change has made it harder to grow food in a lot of parts of the world You have major drought grouping places like Brazil which is a huge coffee grower and a huge sugar grower You've got drought in places like Kansas and the U.S. a big wheat producer and at the same time you've had things like record rains in some parts of the northern U.S. and into Canada And that has meant that you've got flooded fields where you'd normally planting soybeans at this time of year Millie when we think of food shortages we might first think of developing nations or emerging markets for better or worse that might be where our mind goes first But what you're talking about is global That means it's going to impact the western world as well Are people already starting to see this Yes Every single part of the world is being impacted by the rise in food prices and the huge inflation that we've seen over the last couple of years Of course the situation is most acute and poor countries developing countries If you take a country like Yemen or Syria Ethiopia people are on the brink of famine There's a lot of hunger there If you take a country like the U.S. we've seen longer and longer lines at food banks Some of that you know last summer of 21 just a little bit as there were some government relief programs that brought some aid to people But as those programs started to run out last fall and into this year 2022 demand that U.S. food banks has been back on the ride And at the same time those food banks are grappling with the same kinds of food inflation that regular consumers are That means their dollars are being stretched further They can't buy as much food to put on their shelves They can't afford the fuel prices that are needed to make the delivery run to go pick up huge supplies of food And so you've seen empty shelves pictures of empty shelves at U.S. food banks just because there's so much pressure from the inflation situation And this sounds like it is only the beginning Bloomberg has been writing that things could get even worse the Bank of England governor Andrew Bailey warning households could witness an apocalyptic shock from food inflation Can you give us a little background there Yes So all factors that we were discussing earlier climate change the pressure on farmers None of that is going away And so you're going to see continued impact on production of food And at the same time a lot of consumers especially in the U.S. have actually been shielded from the full brunt of storing expenses so far Places like distributors small businesses like restaurants they haven't raised prices for their customers as much as they've seen their own prices go up We talked to a person who runs a pizza joint for example in Mississippi He said that about 18.
Bloomberg Radio New York
"amy morris" Discussed on Bloomberg Radio New York
"A significant part of the entire Russian army is now concentrated on this offensive No matter how many Russian troops are driven there we will fight Meanwhile the U.S. Military will start training Ukrainian troops on how to operate the howitzers that the U.S. is sending Ukraine Pentagon spokesman John Kirby That training will occur outside of Ukraine and then there will be reintroduced back into their country to train their colleagues This as the remaining defenders of Mario are surrounded by Kremlin forces but they have not surrendered that key port city In Washington I'm Amy Morris Bloomberg daybreak Thank you about president Joe Biden will hold a call with key allies later today to discuss Ukraine Meanwhile the U.S. has backed off any suggestion that its officials with boycott group of 20 meetings this week if Russia takes part The Treasury Department says secretary Janet Yellen will participate in some sessions this week Well the war has in part led the World Bank to cut its 2022 economic outlook Karen and the bank's chief economist Carmen Reinhart added she would not rule out further downgrades In an interview with Bloomberg Reinhardt laid out the downside risks facing the global economy A ray of disruptions from China's new lockdowns From the impacts yet to be fully felt of the Russia Ukraine war on food prices on global supply chains And if bad came to worse could there be another episode of financial contagion The World Bank chief economist Carmen Reinhart says growth will slow to 3.2% from a January prediction of 4.1% Meanwhile Nathan St. Louis fed president James bullard said the fed needs to move quickly to raise rates to around three and a half percent this year He also says a Central Bank should not rule out rate increases of 75 basis points to fight inflation I would point out that the 1994 cycle where we raised the policy rate 300 basis points in a year And in that cycle there was a 75 basis point increase at one point So I wouldn't rule it out but it's not my base case here Saying there was fed president James bullard also said that talk of a U.S. recession is premature Comments may be piling on to weakness for a traditional haven currency The Japanese yen is weaker against the dollar for a 13th straight day It's extending its longest losing streak in at least a half century Right now the yen is trading at one 28.34 against the dollar Now the latest on the pandemic Nathan in a major development in the air the transportation security administration says it will no longer enforce the COVID mask mandate on public transportation and Bloomberg's head Baxter has the story This after a Florida judge struck down the remainder of the mandate saying the CDC went too far The TSA says for now it will not enforce a masking band aid White House spokeswoman Jen Psaki says the ruling is disappointing We also think the mask mandate should be in place and that it's safer for individuals who are flying to continue to wear masks So the major U.S. air carriers have now made masking optional for the time being Delta United Southwest Alaska American some of the international flights will continue to have the mandate for now In San Francisco I met Baxter Bloomberg daybreak All right Ed thank you turning to corporate earnings We hear from more than a dozen companies in the S&P 500 today they include IBM Johnson & Johnson and Netflix Bloomberg's Tom busby joins us with a Netflix preview Shares of the streaming leader have taken a real beating since its last earnings report in January down about 33% that follows a disappointing outlook for subscriber growth amid a flood of competition but key to its first quarter results out later today the impact of a recent price increase and the suspension of service in Russia and both could have a negative impact on results Still forecast call for 2.8 million subscriber ads for a total of nearly 225 million worldwide look for earnings per share of $2 91 cents and revenue of $7.95 billion Tom busby Bloomberg daybreak Great Tom thank you All new developments this morning on Elon Musk's $43 billion pursuit of Twitter We get the latest live from Bloomberg's raida young Good morning ready to go Good morning Karen Bloomberg sources say Apollo global management.
Bloomberg Radio New York
"amy morris" Discussed on Bloomberg Radio New York
"The open of U.S. trading let's get you up to date on the news you need to know at this hour We begin in the nation's capital where a virtual summit between president Joe Biden and Xi Jinping is in the books The meeting focused on the need for cooperation and lasted longer than expected Amy Morris has details from our Bloomberg 99 one newsroom in Washington The video conference lasted longer than three hours and covered a range of topics including trade the status of Taiwan and human rights the one deliverable seems to be the agreement to adopt an upgraded fast track for U.S. executives to enter China She warned that those playing with fire around the Taiwan issue would quote inevitably burn themselves Biden told Xi that the two countries have a responsibility to ensure that competition doesn't veer into conflict While there were no major breakthroughs both leaders did send the message that they are open to more communication In Washington I'm Amy Morris Bloomberg daybreak All right thank you Amy The summit came just hours after President Biden signed his infrastructure Bill into law He says that will improve American lives and keep the economy moving forward Our infrastructure used to be ready to best in the world Now according to the World Economic Forum we ranked 13th in the world Well that's about to change Things are going to turn around in a big way President Biden signed the bill at a White House ceremony and introduced a panel to oversee its enactment Central Bank leadership is also in focus at The White House Nathan Senate banking committee chairman sherrod Brown says an announcement on the next head of the Federal Reserve is imminent in Brown says that information came from White House officials All right let's turn to the markets.
Bloomberg Radio New York
"amy morris" Discussed on Bloomberg Radio New York
"Quick take powered by more than 27,000 journalists and analysts and more than 120 countries. I'm Karen Chase, and this is Bloomberg. September. 11th 2001 seeing some smoke coming from the twin towers. Apparently an airplane has crashed into one of the towers of computer flying Real low crashed right into the Pentagon. The second terrorists exploded in a garden scares you an explosion, rocks and debris and everything started pouring down today We've had a national tragedy. Two airplanes have crashed. Into the World Trade Center. In an apparent terrorist attack on our country. Everyone has his or her own unique recollections, their own unforgettable experiences from that day. Unfortunately, so much of what happened that day. Is a blur. I saw the second plane hit and I remember getting separated briefly from my team because I needed to run back to grab my wallet. Everything changed that day and an incident. But it has been 20 years. And there is a whole new generation for whom 9 11 is little more than a history lesson. For those of us who lived through it. It is an indelible memory. We will never forget. This is a Bloomberg radio special. Remembering 9 11 20 years later, I'm Amy Morris. How do we remember that awful day today? The weather On that morning. Was an absolute perfect tent. Everyone has a different story to tell. But that story almost always begins the same way. 9 11 2000 and one was a.
Bloomberg Businessweek
Biden Plans to Release Initial 2022 U.S. Budget Outline
"Gun violence prevention and other gun safety measures. Well, we can expect to see President binds preliminary budget outline for 2022 tomorrow. Bloomberg's Amy Morris has a preview. President Biden's first full budget proposal is expected later in the year. This proposal is just the first step before Congress negotiates the federal budget for the fiscal year starting in October. It'll be missing many of the details traditionally included in a presidential budget document. Offering on Lee top line spending proposals and some details about new programs. The budget rollout is coming very late,
Bloomberg Markets
Biden to meet with bipartisan lawmakers on infrastructure
"Judge to talk infrastructure. But his Bloomberg Sammy Morris reports one top Democrats already slamming the brakes, Transportation and infrastructure chair Peter DeFazio says there is no possible way a planned infrastructure bill could go through the budget reconciliation process. Now. That procedure would allow legislation to be passed by the Senate with Simple majority. But the Senate parliamentarian has already ruled funding for several infrastructure projects within the current stimulus package can't be passed via reconciliation, and it is too early to know if a separate package would gain enough support in Washington. I'm Amy Morris Bloomberg Radio. US has agreed to suspend millions of dollars in tariffs on U.
Bloomberg Daybreak
Trump has a bank account in China and paid taxes there
"There's another major development out of Washington. The New York Times is out with Mohr information on President Trump's taxes, this time with a focus on his business in China, and here with details is Amy Morris from R Bloomberg 99. 1 newsroom in Washington President Trump's taxes reveal details about his overseas business deals, including operating an office in China during his first run for president. He maintains a bank account there. According to records obtained by The New York Times. It is controlled by Trump International Hotel's management and his not reported on the president's financial disclosures. In 2017. It reported a large spike in revenue more than $70 million. Followed by a $15 million withdrawal by President
Bloomberg Daybreak Weekend
Trump and Biden to face off in first 2020 presidential debate
"When President Trump and former Vice President Joe Biden T up for the first presidential debate of the election season. Let's head to our Bloomberg 99 1 newsroom in Washington and Bloomberg's Amy Morris Amy All right. Thank you, John. The candidates are set to face off Tuesday at case Western University in Cleveland debates going to run about 90 minutes without commercials. Let's take a look at some of the topics the techniques And just how this will work in the middle of a Corona virus pandemic. Bloomberg's politics reporter covering the 2020 campaign, Ryan Teague, Beckwith joins me now with some insight, Ryan. It is a pleasure. Thanks so much for taking the time with us. Any time. Now, as we know President Trump has his own debate style. So let's take a look at how the president is going to be taking on his debate. Opponent. Yeah, one thing that Trump has always done after be appearances even before he got into politics. Is re watch them with the sound off and I think that's kind of a good way of understanding how he approaches. He does not use this as much as a contest of ideas or a chance to get his message out as it as a very physical act. If you recall from the 2016 debate for Hillary Clinton, he was often sort of physically looming over her. He was taller than her obviously and brought her shouldered, But he sort of cases the The debate stage almost like a Mexican wrestler or something, he he very much wants to control the physical space, and that was a very different thing when he was up against Hillary Clinton. Then it will be with Joe Biden. So we have not yet seen the two of them really in the same physical space. Much at all other than the inauguration, So that will be really interesting thing to watch. Are we going to see them in
Bloomberg Markets
First reported case of coronavirus reinfection documented in Hong Kong
"Reports of Corona virus reinfection were just anecdotal now is Bloomberg's Amy Morris reports, Researchers now say they have confirmed one a 33 year old man who was sick with the virus in April, appears to have contracted the virus again. 4.5 months later, researchers at the University of Hong Kong used genomic sequence analysis to show he had been infected by two different strains. With this second infection. The patient is asymptomatic, which might indicate that subsequent infections may be milder. Other scientists question whether this is an unusual case or could point to broader concerns about re infection
Bloomberg Businessweek
Poll: Biden Expands Lead Over Trump
"Non starter presumptive Democratic presidential nominee Joe Biden, and his running mate Kamala Harris, today signed the required documents to receive the party's nomination. Party's convention begins next week. The latest polls are indicating Joe Biden is stretching his lead over Donald Trump. Bloomberg's Amy Morris has the latest numbers. The latest NPR PBS NewsHour Marist poll finds Biden leading president Trump 53 to 42%. With a margin of error of 3.3%. But a Fox News poll shows the president closing the gap on Biden from a 12 point deficit to only seven points behind. Still, more than half of those respondents, 54% say they do not approve of Donald
Bloomberg Businessweek
AP-NORC poll: Nearly half say job lost to virus won't return
"Over the return of lost jobs is fading. Bloomberg's Amy Morris has the latest from Washington. Nearly half of Americans whose families experienced a layoff during the Corona virus pandemic now believe those jobs are lost forever. A New Associated Press Norc Center for Public Affairs Research poll finds 78% of households with a job loss. Thought that loss was temporary. At the beginning of the pandemic. Now 47% believe that job is not coming back, and that adds up to roughly 10 million workers who need to find a new employer or a new occupation.
Bloomberg Daybreak
Bloomberg, Cam Newton And Amy Morris discussed on Bloomberg Daybreak
"Adventures look ahead to the jobs report on this holiday shortened trading week. New York's hospitalization rate is at all time lows. House Speaker Nancy Pelosi is calling for a report to Congress about whether the president knew Russia put a bounty on U. S troops Heads. I'm Amy Morris. More ahead. I'm John Stand shower in sports Cam Newton has signed with the Patriots and a member of the Nets is not coming back when the N B a resumes its season. That's all straight ahead on Bloomberg Daybreak on Bloomberg 11th Rio,
Bloomberg Daybreak
What Coronavirus Restrictions Look Like Across the US
"Barton now here's Amy Morris and I were Bloomberg ninety nine one Washington news for Michael DC government is modifying its operations starting today the mayor also ordered all night clubs closed in restaurants are to restrict seating Maryland lawmakers say Dale and the state's legislative session early they'll reconvene in a special session in the last week of may the governor has also ordered all casinos and racetracks closed Virginia governor Ralph Northam has banned all public gatherings of more than one hundred people statewide on maybe Morris now here's Courtney Donahoe inner Bloomberg one of six one Boston news room aiming their Marty Walsh's declaring a health emergency and enacting sweeping restrictions on bars and restaurants in Boston they're gonna be required to reduce capacity fifty percent which means that after move tables and chairs to reflect the reducing capacity to follow the guidelines on social distancing Massachusetts governor Charlie Baker's closing schools for three weeks and restricting restaurants to take out and delivery the state is lowering the threshold for public gatherings to no more than twenty five Courtney Donahoe now here's Greg Jarrett and R. Bloomberg nine sixty San Francisco newsroom California's governors ordered bars and wineries to latch the door restaurants may stay open but have to cut occupancy and have anyone over sixty five has been told by the governor stay home LA reports of police officers tested positive and traffic jams no longer exist in Seattle face to face government services were shutting down in Oregon ski areas are shut down and Newport Oregon police bank citizens don't call nine one one because you're out of toilet paper in San Francisco Gregg Jarrett Bloomberg
Bloomberg Markets
President Trump to speak on coronavirus tonight at 6 p.m.
"Any rate president trump is set to hold a news conference this evening with the centers for disease control on efforts to combat the novel coronavirus known as covert nineteen Bloomberg's Amy Morris reports from Washington well markets to believe that the virus poses little risk to the U. S. the CDC warns the virus's spread in America is inevitable and could bring significant disruption to the world's largest economy the mixed messages from top government officials said the balance that the administration is trying to strike show control over the situation while avoiding any moves that might spark a panic the briefing is set for six PM Wall Street time will bring it to you live here on Bloomberg
All Things Considered
Rare black rhino born at Michigan zoo on Christmas
"It's a boy that's what an announcement from potter park zero in Lansing Michigan said on Tuesday this is a twelve year old black rhino topsy gave birth to a calf's on Christmas Eve not black rhinos are critically endangered and wildlife watchers see the calf's birth as an important success for conservationists I'm joined now by Amy Morris hall the executive director of the potter park zoological society and Pat fountain the zoo's animal care supervisor welcome to both of you thank you yeah thank you so much okay pad I want to start with you I understand that you made it to the zoo just in time to witness this birth can you just tell us what it was like it was very special this is once in a lifetime event not only for our zoo but for most people care for rentals get to see this maybe once in a lifetime we are very very excited I came into the barn just after the baby had hit the ground and mom was cleaning it up cell I got to witness it for about a minute after it was born or even as we said you know the black rhino it is critically endangered can you just tell us what that means to be critically endangered well there are less than five thousand black right now in the world there are only fifty in zoos that are accredited by the association of zoos and aquariums so it's pretty amazing that we were able to participate in the breeding program yeah and have a successful birth it's just unbelievable the way I understand it Pat breeding black rhinos in captivity is pretty heart rate like this isn't just some automatic thing obviously right the success rate for breeding backgrounds of captivity is pretty low there's only about two born in the US in ACA accredited zoos every year is he a association of zoos and aquariums and why is it so hard to breed black rhinos first of all it's very hard to find two compatible rhinos to know which two are gonna vied with each other he had both of our rentals are first time parents so the fact that they were able to get together and then successfully breed and carry the full term is a really big deal because neither one of them really knew exactly what they were doing it for I love it so they're both first time daters what's the courtship like between black rhinos in the wild they have a very particular courtship and we try to re create in the do the best we can SNES with our dad was in the wild he would walk around and you find some cool pro female in the take a nice big smell that would tell him how old ready the female is to reproduce so he let me go there's a girl around here I should finder he walked around and call her and okay and then what happens after the poop sniffing as he gets all excited the female kind of beat him up for a couple days and I'm not ready yet there's a lot of sparring it can be pretty intense at times Amy tell us what does the birth like this mean for the zoo's conservation efforts our people are passionate about rhino conservation and the success is evidence of how much they care and how hard they work it was really amazing and watching the courtship over the last several seasons I was pretty challenging to staff because as Pat mentioned Phineas took quite a beating okay so the baby has not yet been named rate is that correct correct okay but he is already a social media Darling I understand what's going on he's gone pretty crazy on social media so we're still making decisions about how we're going to do the naming but we will be making an announcement relatively soon I love it and is is there like a baby cama him so all of us not in Lansing Michigan can watch yeah we have a closed circuit camera going right now that I'm a DVR that records everything so we've been pulling all the videos often all the cute things he does and putting it on our
Bloomberg Markets
Pentagon announces new troop deployments to the Middle East
"Hall defense secretary mark asper is expected to announce a new deployment of US forces to the Middle East as tensions rise over Turkey's military operations in Syria and over an explosion on an Iranian oil tanker a defense official tells Bloomberg as many as eighteen hundred personnel could be headed to the region including two air squadrons that follows last month's attack on Saudi oil facilities as the Turkish operation continues in northern Syria Bloomberg's Amy Morris reports president trump is weighing three options to deal with that the president says he could send the U. S. military back in on the sanctions on Turkey bipartisan legislation by senator Lindsey Graham and Chris van Hollen or mediate between the two sides and it wasn't clear whether he was serious and floating that mediation proposal a state department official declined to comment the president says he's just carrying out his campaign promise to get the US out of so called endless wars the critics say he's put loyal U. S. allies in real danger in Washington I'm anymore as
Bloomberg Markets
After a delayed launch, SpaceX Dragon capsule arrives at the space station
"A SpaceX shipment has arrived at the international space station after a weekend launched we get more on that from Bloomberg's Amy Morris in Washington dragon capsule launch was delayed until Saturday morning after a technical glitch on Friday. It's delivered fifty five hundred pounds of equipment and experiments one of the astronauts used the station's big robot arm. Snag the dragon capsule. There was a cable dangling from the capsule that should have come off during takeoff. But it didn't cause any problems. The dragon will stay on board for about a month. While astronauts fill it with science samples to return to earth. It's the only cargo ship capable of returning
Fox News Sunday
Lanny Davis: Cohen wouldn't take a pardon "if it was handed to him"
"Donald Trump if it was handed to him former national security adviser, Michael Flynn will be sentenced this week. I'm Ann Cates. You're listening to politics policy and power with Amy Morris and Peter Barnes on Bloomberg radio. I'm Peter Barnes with
Bloomberg Markets
China retaliates with $60 billion in additional tariffs
"Police China is following through on its threat to retaliate after the US said it would impose tariffs in about two hundred billion dollars in Chinese goods next week. We get more now from Bloomberg's Amy Morris in Washington China will add duties on sixty billion dollars of American products on Monday. China's ministry of finance says in a statement that the tariffs will be five or ten percent on more than fifty two hundred items. And that if the US continues to increase tariff rates, China will respond accordingly. The Trump administration had already warned that if Beijing took that step it would place additional tariffs on about two hundred sixty seven billion dollars of Chinese imports in Washington. I'm Amy Morris. Bloomberg
Bloomberg Businessweek
Trump administration seeks to end agreement on child migrant detention
"Are rallying around President Trump. A day after that New York Times op-ed about efforts inside the White House to thwart the president's worst impulses. House speaker Paul Ryan, it's a person who obviously is living in dishonesty that doesn't help the president. So if you're not interested in helping the president you shouldn't work for the president president has called whoever wrote the peace gutless demanded the times reveal the source a growing number of cabinet secretaries are going on the record say is saying, they didn't write it. The Trump
Bloomberg Best
Bloomberg, Brian James and LeBron James Family Foundation discussed on Bloomberg Best
"It. Really hard for us to shop valves former, ice acting director John San speaking with Bloomberg's Amy. Morris and Peter Barnes and coming up. We'll be speaking. With BPCL Bob, Dudley after the oil, company posted expectation-beating results you, can see, all the Bloomberg best stories at. Best go this is Bloomberg With a Bloomberg business of sports report I'm Michael Barr NBA sterling Brian James called the, philanthropic. Bug James you recently signed a deal with the Los Angeles Lakers started the. I promise school in his, hometown of Akron Ohio it's an. Effort by the LeBron James family foundation. And the Akron public schools James talking with ESPN says growing up in the tougher environment kids don't realize they can dream big you didn't know, possible for you because you kind of always paid attention to. The statistics and Grown up in. The inner city. You know the the numbers number's always stacked against.
Bloomberg Markets
Trump to convene top-level meeting on election security
"In. The nation's capital hi Nathan hi Carol on the topic of Russian election meddling President Trump is planning to lead a meeting of his national Security. Council on Friday to discuss election security a. White House official tells the Washington Post it could include a discussion. Of Russian meddling in the November midterms this will come about a week and a half after the Helsinki summit with Russian President Vladimir Putin at the, time Trump invited Putin to to, Washington but the White House now says the president wants. To delay that, meeting till next, year national security adviser John Bolton says the president wants to wait till after the special counsel investigation into Russian. Meddling is over between Russia porn stars and now a tape President Trump's, dealing with more than his sheriff's scandals but will they have an impact in November Bloomberg's, Amy Morris, reports GOP strategists don't see it yet President Trump who defied gravity numerous times so I I don't know why would be any different than before Republican strategist Kevin McLaughlin of coaching. Strategies tells Bloomberg daybreak, Russia doesn't really move the needle with boaters needed to sex scandals. Don't care about they don't care about Russia voters do. Care, about. Those, bread. And butter issues like trade and tariffs and how that by the impact the President Trump's base in Washington I'm Amy Morris Bloomberg radio the death. Toll from an Islamic state ambush in southern. Syria is up to two hundred four now a local health official. Tells the Associated Press more than one hundred eighty others are in hospitals says the dead include civilians who took up weapons to defend their hometowns UK, based Syrian observatory for human rights, says this was the single deadliest day for serious Suada. Province since the, civil war began, seven years ago global news twenty four.