15 Burst results for "Ann Mos"
WTOP
"ann mos" Discussed on WTOP
"Across our area, which is an unusual pattern coming in from the eastern shore and moving right across the beltway region and to points west of the beltway tonight. Georgetown's 66 buoy 60, Leesburg 63, some parts of our area could be down to the 50s late tonight. Bring your money news at ten and 40 past the hour, brought to you by pen fed, great rates for everyone. Here's Anne mashed you. This is the Bloomberg money minute. The pandemic related travel boom shows little sign of tapering off despite persistent inflation and a murky economic outlook. If you haven't already booked a trip to the big three, Italy, Greece or France, you might have to wait until 2024, given already packed flights and hotels. Kristen chambers, CEO of DA luxury travel, says her clients are planning big family trips. With COVID, having a couple years erased from the travel planning schedule, the people are on a mad dash to get their teens and early 20s something get the whole family together and take off Chambers says airfares are only going we have an air department and I feel the numbers come in. If you can catch it right, there are some airlines that are going to be a little bit more low cost like your air lingus puts on other days that if you wait the price might drop this summer travel boom is extending into fall and chambers predicts Norway will be the most popular destination next summer. From the Bloomberg newsroom, I'm Ann mos two on WTO. Most Asia Pacific markets are lower including Hong Kong and Tokyo down about a quarter percent South Korea's Cosby is up 1%. Now ten 42. Now, earlier today, Russia launched a rare daytime missile attack on the Ukrainian capital of Kyiv. Ukrainian authorities claim they shot down all the missiles, CBS News correspondent Deborah patter reports from Ukraine on how western tech is making a big difference in this war. At an undisclosed military site we saw troops testing powerful searchlights that help target and destroy the Iranian made drones. But it is the arrival of the American built patriot system this spring. That's enabled Ukraine to intercept more powerful aerial threats. Just as well keeps cheap forensic investigator Alexander Rubin told us as this month the attacks have become far more frequent. They're trying to deplete our air defense system. He said, more demoralized civilians. An airfield in several planes were hit in the recent strikes, Ukraine is working to restore the damage runway ahead of its looming counter offensive. The Ukrainian president Vladimir zelensky shared a video expressing his gratitude for American service members in the fight to protect freedom, commemorating our Memorial Day as Ukrainian forces continue the battle against Russia. My special gratitude on this Memorial Day goes to all Americans of different times, sounds and daughters, fathers and mothers brothers and sisters who became the warriors and whose strengths turned into the strengths of freedom and who were destined to show to the world that freedom will always shine bright. On the hill. Vladimir zelensky of Ukraine, more than two dozen NATO service members have been injured in clashes with Serb protesters. This was in northern Kosovo. NATO spokeswoman is calling on all sides to end the violence. After more than two dozen soldiers serving in NATO's peacekeeping mission in Kosovo suffered burns are broken bones in attacks by ethnic Serbs. The troops were defending town halls, immunities were ethnic Serbs of boycotted local elections and then protested the installation of ethnic Albanian mayors who won the most votes. Hungary says 7 of its soldiers serving in the NATO mission were seriously injured and are being transported home for treatment. Italy confirms several of its peacekeepers, were also hurt. Terry Schultz for CBS News, Brussels. Now, ten 44, every Memorial Day seems to represent a shift in attitude of slowing down as we open ourselves to the promise of summer, some swimming, maybe some fishing, and of course those fireflies. But what about the actual heat humidity? What is it about it that charges as soft and changes us a little bit? WTO is Hillary Howard, talked about this earlier with psychotherapist, doctor Robbie Ludwig. During this summer, we get into a vacation state of mind. And there's something about the sun having our bodies more exposed to the elements and being more active, that really brings out the best in us. It increases our endorphins and with the sunlight and more vitamin D, we really do have a boost in mood. And when you talk to patients even, do you see that change is a palpable? Yes, absolutely. I will have so many patients say to me, it's such a beautiful day. It really brings out the best in me and especially since many people suffer from seasonal affective disorder. It is a real thing. And even if you don't have the disorder per se, being in the clouds and cloudy weather and cold weather, you know, people are more isolated. They tend to be more indoors. They're not as physical, they're eating more or they're hibernating and so that doesn't bring out the feel good. There is something about summer that mentally just opens up ourselves up to being outside and connecting with others. So it really does have the power to at least temporarily heal us. Absolutely. And I think we're more willing to try new things during the summer and whether we go on vacation or not just to have that mindset of doing things in our own towns if it's a staycation or being more present in the moment. Really is helpful to our mental health and our mental well-being. So we need to acknowledge, of course, some people hate this season because it's just too hot or it's too gross. How can they enjoy it more? I think everyone needs to ask themselves when do they feel their best selves? And what can they do to recreate that in their everyday lives? So if you don't like the heat of the summer, try to stay in air conditioning when you can try to go out in the evening, dress comfortably, try to eat
WTOP
"ann mos" Discussed on WTOP
"Minute pro sports teams were once considered unpredictable investments. Today they're among the most coveted assets in the world. Over the past 40 years or so, every single team in all four of the U.S. major sports has increased exponentially in value. And it's not just because of the rise in television. Here's Steve paleo, co owner of the Boston Celtics. Sports, especially the more iconic and global sports like basketball and soccer valuations have gone up dramatically in the last 20 years, driving that is a fragmentation of distribution of programming, streaming versus a cable package, but people love to watch live sports. Team owners have gotten better at leveraging teams to power an array of auxiliary business ventures for merchandise to global real estate. The NBA expanded, I think the Apple group $1 billion of revenue from international rights and that's going up dramatically as well. Whenever a new record for the most amount of money ever paid for a pro sports team is set, it doesn't stand for long. From the Bloomberg newsroom, I'm Ann mos two on WTO. And right now it is 1242 at WTO leadership is changing the hand in one area in middle school and it apparently comes after concern from parents. Parallel Johnson was in his first year at hardy middle school in Georgetown and the post reports he has ended his tenure there just before the end of the school year. There were reportedly numerous complaints from parents about drops in academic performance, also escalating violence, some of which was allegedly recorded on cell phones and posted to social media, superintendent Harry Hughes sent a letter to families that says Johnson will continue within the district, but did not specify where assistant principal Brandon eatman will lead the school for the rest of the academic year. It is 1240 to a WTO be lots of college graduation ceremonies this weekend around our region and Morgan State University and HBCU in Baltimore. Civil rights attorney and advocate Ben crump addressed the more than 600 graduates yesterday, Trump thanking them for protesting and bringing attention to the families of the victims. He has represented like George Floyd and Breonna Taylor. He told the crowd they are the answered prayers of our ancestors. You are the dreams. For fear of the slaves that torn all day in the cotton fields, you are the liberation for those who were chased by the lynch mob. Crump also received an honorary doctor of laws, degree during the ceremony. It spring graduation season for college students as they leave school in search for jobs. How are things looking for them? Even though there's uncertainty in the labor market, I think it's still a good time to be entering the economy as a job seeker. Mark Hamrick, senior economic analyst with the financial services company bank rate, says many analysts expected a recession by now. But that recession has yet to fully materialize. So it's not here yet. Some companies, including those in the tech sector, have less demand for new workers at the moment. Many technology firms have been shedding workers. But overall, there is an elevated number of job openings nationwide, 1.6 job openings for every unemployed individual. Nike Nellie WTO P news coming up on WTO. Can you get rich using AI to write
WTOP
"ann mos" Discussed on WTOP
"For everyone. Here's Anne must you. This is a Bloomberg money minute. When was the last time you changed your passwords? The current global financial cost of fraud is $5 trillion. Password managers are good. What is even better is using biometrics for authentication, enabled by the business. A business usually can't afford to offer that service to all customers. Katya marr is a vice president at onfido, a tech company that helps others verify identities using artificial intelligence, similar to competitors like persona, Jumia, ID now, and verif. They verify consumer identities online so that both business and individuals are protected from fraud. Work with largely financial services and banking institutions to set up secure accounts that can be protected from the get go. Mars says most people have gotten creative with some passwords, but have gone back to using pet names and birthdays, things they can more quickly remember. From the Bloomberg newsroom, I'm Ann mos to on WTO. It's four 42. Have you ever gotten a funny looking text message from someone you don't recognize? They might say your Netflix account has been canceled or you have a package waiting. Well, these robo techs are the latest way crooks are trying to rip you off. If you click on those links, malware could be downloaded to your phone. Or you could go to a fishing website designed to steal your money and info. The Federal Communications Commission is cracking down by blocking texts from unused numbers that are highly likely to be illegal. FCC chair Jessica roseen Warsaw tells checkbook
WTOP
"ann mos" Discussed on WTOP
"Downward there, 52° college park, 50° in fairfax, and 52° right now along the national mall in D.C. It has 1241, a WTO P and money news is brought to you by pen fed credit union, great rates for everyone, here's San mast two. This is a Bloomberg money minute. Coworking spaces are becoming more popular as people get sick of working from home. In the U.S., coworking space now adds up to a 113 million ft², which has grown drastically since 2010 when it was just 12 million ft². It really came out of a need to escape the isolation of motherhood at home and being home with the kids all the time. And then also just a place to meet with clients. Rachel Meyers founder of the collective co in Massachusetts, which offers space to work, hold meetings and record podcasts. On Zoom calls all day or have sensitive conversations and we say, that's what our meeting rooms are for. You can pop into them at any time. You can book them up to 30 days in advance. We have a private phone booth that is soundproof. There's a lot of little nooks that you can kind of cozy up into. If you do need that privacy, but in terms of productivity, you're absolutely getting it done. Coworking spaces are no longer just for urban settings. They're popping up all over American suburbs. From the Bloomberg newsroom, I'm Ann mos two on WTO. 1242 advocates say access for voters with disabilities remains a challenge at polling places throughout the U.S. since 2016, the Justice Department has entered into more than three dozen settlements or agreements to force better access in cities and counties under the Americans with disabilities act. Many of those places are holding elections this year. Several places, including Chicago, either missed their deadlines without making all the requested changes or asked for an extension. Maryland lawmakers are taking steps to address the spike in anti semitic incidents across the state. Senator Ben Kramer introduced the 5 bills aimed at curbing hate crimes in Maryland last year a 109 anti semitic incidents were reported in the state. That's a 98% increase compared to 2021, according to the anti defamation league, one of the bills is now on its way to the governor's desk and will designate January 27th as Holocaust remembrance day. Three others still awaiting approval in the house, including effort to set aside $5 million in state funding to improve security for nonprofit and faith based organizations. Another bill would allow hate crime victims to sue perpetrators for financial and emotional compensation. The 5th bill didn't make it past the Senate and would have allowed Holocaust instruction in public education. Melissa Howell WTO P news. Obesity in the U.S.
WTOP
"ann mos" Discussed on WTOP
"Over the U.S. right now, and it's been a hit. It's been a market that's been increasing. And as people become more exposed to it, it's just going to keep on growing. Blue fina and other ranch operations are marketing to wholesalers, high end steakhouses, for example. No matter where you choose to source your bluefin tuna, it usually isn't cheap. From the Bloomberg newsroom, I'm Ann mos two on WTO. Rezoning single-family housing zones into multi unit housing zones is still raging the debate is still raging in Arlington county and hundreds voiced their opinion at a planning board meeting this weekend. What's the final count? That final count was 248 people who signed up to testify about building more middle housing in Arlington. But given that number, the council did not vote and heard from the first 175 or so people. You have misled your citizens violated your own policies and procedures. For those who did speak, racial diversity was the main topic of conversation. In my own north Arlington neighborhood, I've been the only brown face for 18 years. Why is this? The rest of the speakers will be heard on Tuesday. The board says they won't deliberate until Wednesday at 4 p.m.. Shy and Karen, WTO P news. You won't be able to get an Easter staple in one discount chain. We've been telling you for months now that egg prices spike since before Thanksgiving as a result of the bird flu and high production costs. But now, discount chain Dollar Tree says it just can't make any money by offering eggs at flat prices, so it's not going to sell eggs anymore, at least for now. Most stores have passed along the increase in cost to customers but Dollar Tree tells CNN, it doesn't have that kind of flexibility since it tries to keep most prices at
WTOP
"ann mos" Discussed on WTOP
"Ten quarter, 41 up in Colombia, and 37° here. Outside the WTO studios at 1240 daylight saving time. Money news at ten and 40 past the hour, it's all brought to you by pen fed credit union. Great rates for everyone. Here's Anne mosque. This is a Bloomberg money minute. It's not yet clear whether you'll pay more or less for that lobster roll this summer. East coast lobsterman had a smaller haul during a year in which the industry battled surging fuel and bait prices, and then there are the bands to protect whales in many areas. In the last ten years, and a lot of the closure has expanded in size and in time. Realistically, it's almost 5 months now. Michael lane is a lobsterman in Massachusetts. He's been testing new high-tech rope less equipment and traps approved by state and federal regulators. The way we fit in the future a 100%. But when you have a conjugation of whales in an area in the area closed down because of endangered angle man, here's a solution to the problem. But lobster has exploded in value in recent years in part due to growing international demand. The value of lobsters also fell to a little less than $4 a pound at the docks, the lowest since 2017, a year after setting a record of more than $6 70 cents in 2021. From the Bloomberg newsroom, I'm Ann mos two on WTO. It's 1241 Ukraine insists its forces are fending off relentless Russian attacks in the besieged city of bakhmut, even as mounting Ukrainian casualties fuel talk of retreat. We had to destroy the houses in order to get closer this Russian soldier says, and in each house, there were several groups. The remains of Ukrainian soldiers are seen still lying where they were killed. Despite the heavy losses, Kyiv is determined to keep defending by moot. But just 15 miles away, the town of Constantinople is in flames after Russian forces showered it in cluster bombs
Bloomberg Radio New York
"ann mos" Discussed on Bloomberg Radio New York
"Boston. I'm Ann mos two Bloomberg radio. Economic growth and earnings are in focus in the week ahead, Bloomberg's kiran Moscow has more. We get a look at fourth quarter gross domestic product on Thursday, along with her reports on new home sales, durable goods orders and the weekly report on initial jobless claims on Friday. It's personal income and spending pending home sales and consumer sentiment. Microsoft, Tesla and Chevron are among companies scheduled to report earnings in the week ahead. Karen Moscow, Bloomberg radio. It's still a good time for Americans to switch jobs. Bloomberg's Charlie pellet explains. Workers who jumped ship to a new employer late last year got bigger salary bumps than they did in early 2022, according to a survey by job search website zip recruiter and it underscores that demand for labor remains strong, despite waves of layoffs in industries like technology and finance, about two thirds of those who got a raise by changing employers in the fourth quarter of the year saw their paychecks climb by at least 11% compared with less than half in the first quarter. Charlie pellet Bloomberg radio 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 Suzanne Al Palmer. This is Bloomberg. Bloomberg radio on demand and in your podcast feed. On the latest edition of the Bloomberg businessweek podcast, a conversation with Bloomberg consumer reporter, Dina Shanker, on the cover story by faith me has fizzled out. It's been years in the making because that IPO was huge. And everyone was excited about it. I mean, the entire industry suddenly you had the small new startups that were coming up that were getting tons of funding because everyone's opportunity here. You had the big food companies coming out with new products or reinventing old ones Everyone wanted a piece of this because everyone thought, yeah, we can convince meat eaters to sub something else in. But it turns out that that's a really hard sell. And it's going to get even harder if the food doesn't taste quite as good. And it doesn't. According to most people, that you will ask about it. It's also more expensive. And then, yes, environmentally, these things are so much better for the planet, but most people aren't buying for the planet. They do care about their health, but then it turns out these products are not healthy. Now, some people might say they're marginally healthier. But even that is not settled. So consumers just really started backing away. And we saw sales plummet at the supermarket, restaurants, just everywhere, basically. If it was healthy, I'd be a buy in. I mean, what exactly is in it? I mean, I know there's a lot of sodium, right? Not good. What else? So these are ultra processed foods, which means that the ingredients themselves are processed or they're extracts of other foods. So that means the ingredient list, are they so crazy compared to other things in the supermarket, they're not. There's
Bloomberg Radio New York
"ann mos" Discussed on Bloomberg Radio New York
"Week. The House committee investigating the capitol attack will reportedly vote on at least three criminal referrals against former president Trump on Monday. Multiple outlets say the committee will urge the Justice Department to pursue criminal charges for insurrection obstruction and conspiracy the panel will hold its final hearing Monday as it wraps up its probe and releases its findings in the January 6th, 2021 attack. The TSA intercepted a record number of firearms at security checkpoints this year, Julie Ryan has more. In a Friday release, the agency said it recovered over 6300 weapons, of which 88% were loaded. It's the first time the figure has surpassed 6000 with predictions that it will rise to 6600 interceptions by the end of next year. The TSA prohibits firearms and carry on luggage, even if the passenger has a concealed weapon permit. Punishment for attempting to bring a firearm through a security checkpoint can result in nearly $15,000 in fines and even felony arrest. I'm Julie Ryan. The Minnesota Vikings are in the NFL record books after completing the largest comeback win in league history on Saturday. They trailed the Indianapolis Colts 33 to nothing at halftime before storming back to force overtime in the final seconds of the extra period Minnesota kicked a game winning field goal to win the contest 39 36 quarterback Kirk Cousins finished with 460 passing yards and four touchdowns. The victory in Minneapolis also clinched the NFC north division title for the Vikings who improved to 11 and three on the season. Lottery officials say no one picked all 6 numbers in last night's mega millions drawing. That means Tuesday's jackpot will be worth 465 million bucks. I'm Chris karaji. Croatia scored a two one win over Morocco to end their World Cup run today with a third place finish in Qatar that sets the stage for Sunday's championship match between Argentina and France, France, which also won in 2018, will try to become the first repeat World Cup winner since Brazil won consecutive times in 1958 and 1962. Broadway theaters may be open for business, but the industry isn't bouncing back from the pandemic as well as New York City had hoped Liz Warner reports. After 35 years, the Broadway stalwart phantom of the opera is shuttering, casting unease across the industry. Shows like the music man, a strange loop, Betelgeuse, and 1776 will all close in January, new shows KPop and ain't no mo are closing as well, along with the off Broadway favorite stomp. The uptick in venue rents combined with an uphill push to draw audiences after the pandemic appears to be taking an overwhelming toll. Theater PR veteran Karen Greco told a.m. New York, nobody wants to admit that they're not selling tickets, but she added that because of COVID, sales are declining in audiences aren't coming back. Liz warn reporting, comedian Trevor Noah is returning to host the Grammy Awards on February 5th in Los Angeles, the recording academy made that announcement and it'll be Noah's third consecutive appearance as the host of the awards show, the comedian said one of his favorite things about the Grammys is getting to experience artists in their rawest element, which is performing their music live. Sharon Osbourne is in the hospital after suffering a medical emergency on the set of a television show. TMZ reports she became ill while shooting a paranormal TV show at the Glen tavern inn outside LA, a spokesperson with the Ventura county fire department said they responded to the property about 6 30 p.m. and transported the 7 year old Osbourne to the hospital. There's no word yet on her condition. The Palm Springs International Film Festival begins January 5th honorees include Austin butler with the breakthrough performance award for his portrayal of Elvis and Cate Blanchett will be presented the desert palm achievement award for her work in tar, Steven Spielberg is set to receive the Vanguard award and Viola Davis will be honored with the chairman's award. I'm Chris coraggio. And I'm Susanna Palmer in the Bloomberg newsroom. It's super Saturday the last full weekend before the Christmas holiday since next Saturday is Christmas Eve. The national retail federation was expecting more than 158 million consumers to head out to shop either in store or online today. That's 10 million more than they expected last year at this time. Retail analyst worked flickinger says, though the people have cut back on purchases this year. People are buying for what they need in postponing purchases on what they want into 2023. Flickinger says buyers are not so hot on consumer electronics, TV and consumer audio with the exception of PlayStation Xbox, which flickinger said it is doing very well. Elon Musk is seeking new investors for Twitter at 54 20 a share now. If that sounds familiar, it should. That is the same price he paid when he took the company private for $44 billion in October and kicked off a contentious overhaul. The managing director of the billionaire's family office Gerald birchall has been reaching out to potential Twitter backers this week, according to news site semaphore, reporting on Friday. It's hard to guess how high interest rates will have to go and how long they'll have to be high in order to crush inflation. Federal Reserve bank of Cleveland president Loretta mester said her estimate for interest rates is higher than that of her colleagues and the Central Bank needs sustained tight policy to defeat inflation. We need to continue to bring up interest rates into a restrictive stance. We did a lot of work this year in getting expeditiously to a restrictive stance. Now we're just starting that bringing rates even higher. And I think we're going to need to be there for a long, you know, quite a while in order to get inflation on a sustainable downward path. Master was interviewed on Bloomberg radio. Brittany griner intends to play basketball for the WNBA again. Bloomberg's and moss to explains. In her first statement since returning from prison in Russia, Brittany griner says she intends to play basketball for the WNBA's Phoenix mercury this season, and thanked those who advocated for her release. She's also pressing for the release of ex marine Paul Whelan. In her social media post grinder, thank the Biden administration for bringing her home and said the last ten months in Russia were a battle at every turn. I'm Ann mos two Bloomberg radio. Meantime, efforts are intensifying to reach a swap deal between Russia and the U.S. for imprisoned former U.S. Marine Paul Whelan after last week's exchange of griner at Abu Dhabi airport. Weyland's Russian lawyer Vladimir zyra told Bloomberg news that diplomacy to free the 52 year old American is accelerating and he may be swapped with in a month or two. Waylon was sentenced to 16 years in 2020 on spying charges he denies this after being detained in December 2018 while attending a wedding in Moscow. 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 Susanna Palmer. This is Bloomberg
Bloomberg Radio New York
"ann mos" Discussed on Bloomberg Radio New York
"News and Moscow is standing by in the newsroom and hates him and Carol President Biden says there need not be a new Cold War with China the president addresses reporters after meeting for more than three and a half hours with Chinese president Xi Jinping on the sidelines of the G 20 summit in Indonesia. We were candid and clear with one another across the board. And I do not think there's any imminent attempt on the part of China to invade Taiwan. And I made it clear that our policy in Taiwan has not changed at all. The president also discussed the midterm election results, he says voters delivered a strong rejection of election deniers, and the Republicans and Democrats who are left will be ready to engage with the world the president says he's asked Secretary of State Antony Blinken to travel to China to follow up on today's talks. Police say the suspect in a deadly University of Virginia shooting is in custody. They announced the capture of Christopher Darnell Jones junior a former UVA football player while giving an update on the shooting today. They say three football players were killed and two other students injured. In last night's shooting on campus. Amazon founder Jeff Bezos says he plans to give away most of his fortune during his lifetime. It's the first time he's made that kind of pledge in an interview with CNN Bezos says he'll focus on climate change and bridging humanity's deep social and political divisions. You know, it's always easy to conflict interesting people do focus on conflict. So you want to bring a little bit of light a little bit of amplification to these people who use unity instead of conflict. Bezos is the world's fourth richest person with an estimated fortune close to a $124 billion, according to the Bloomberg billionaires index. 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 Ann mos two this is Bloomberg. Not progressive snapshot can see you money based on how you drive and how
Bloomberg Radio New York
"ann mos" Discussed on Bloomberg Radio New York
"On Bloomberg radio. While risk off sentiment very much sweeping through the region now, we are seeing some pretty steep losses all of a sudden, the nikkei down 1.7%. That's more than 450 points. With the opening of the Hong Kong and China markets, more bearish sentiment here that hangs index is down 1.7% and the hang seng tech index has tumbled more than 2% around the rest of the region where we had seen some modest gains all pretty sharp losses now that cost me down 1.6%. The tye X down 1.3% and a couple of catalysts here. One is the apple story. Apple is said to be backing off plans to increase production of its iPhones this year. The reason, while the surge in demand that was expected has failed to materialize and sources say that Apple has told suppliers, we'll just stick with the original plan, and that was 90 million handsets for the period. That's roughly the same as last year. And so this will work into the story of earnings revisions. That corporate America, and in fact, corporates around basically around most of the world will have to be ratcheting down earnings expectations in this new environment. That is a very tight monetary environment, and a very strong U.S. dollar. The dollar, by the way, has moved up now a quarter of 1%. It had been essentially flat for much of the day. Anyway, this is all leading to fears of slower growth and indeed even recession in some areas. It's all the end, one 44 57, at the moment we have the British pound Sterling down to one O 6 68 and the Euro is trading at 95.6 U.S. cents. So again, just a lot of selling. The ten year yield is now at 3.97%, the two year at 4.28%. And that is a check of markets. 12 minutes before the top of the hour headline news with Ann mos you in the Bloomberg newsroom and thanks Brian Cuba was hit by a nationwide blackout after hurricane Ian passed over the island yesterday. The national electric system is producing no electricity right now, the hurricane is headed for Florida as a category
Bloomberg Radio New York
"ann mos" Discussed on Bloomberg Radio New York
"Of sport from around the world. Here's Dan schwarzman. Thanks, Brian. Calcium mercantile reports that Juventus has made contact with Chelsea regarding the availability of United States international Christian Pulisic who has only made one start so far for the blues in their first 8 matches. Reports those say Stanford bridge has no plans to move the 24 year old while sources say that Chelsea would be looking for a via €35 million if they were an entertained moving pull a stage. The U.S. men's national team suffering a scoreless draw versus Saudi Arabia in a friendly and mercy of Spain in its final match before November's World Cup. The USS struggled recently winning just once while losing three times in playing to three draws in his final 7 matches while being held without a goal in 6 of them. The U.S. will next play its first group stage match the World Cup on November 21st against Wales. Spain has advanced the nation's lead final four next year with a one zero win over Portugal as Alvaro morata scores the 88th minute. Elsewhere Switzerland beats the Czech Republic two to one, Sweden and Slovenia Plato won all draw, a Serbia shuts out Norway to nil. The New York Giants losing wide receiver Sterling shepherd for the rest of this season after the 29 year old suffered a torn ACL in his left knee and Monday nights lost to the cowboys. Shepherd has only played 29 games in the previous three years due to various injuries. Finally, Chicago Bulls guard Lonzo Ball will have arthroscopic surgery on his left knee on Wednesday as ball says he can't run or jump without feeling discomfort. The 24 year old has already had two operations on the same lease since 2018. I'm Dan schwarzman that your Bloomberg world sports op-ed. Markets, headlines and breaking news, 24 hours a day. At Bloomberg dot com, the Bloomberg business app and at Bloomberg quick tape. This is a Bloomberg business flash. And I'm Juliette Saleh in Singapore we check the markets every 15 minutes here on Bloomberg daybreak Asia continuing to look at all this currency pain the offshore yuan weakening to a record low against the dollar it is currently trading at 7 sport two zero 6 7. The PBOC setting a stronger than expected fix for the onshore currency for a 25th day. We are seeing the Bloomberg doll index trade near its record high that scene the pound extended its decline amid broad dollar strength and the Aussie eying 60 U.S. cents which could be its weakest level against the greenback since the early days of the pandemic so we're continuing to see weakness in these currency markets when it comes to the equity markets we are seeing most Asian equities follow Wall Street lower. We had those hawkish comments coming through from fed officials. You've got Japan's nikkei two two 5 down by 9 tenths of 1% in Tokyo, we're seeing losses of about four tenths of 1% in Singapore, South Korea, Taiwan, and Australia's market holding up a little bit better because you are seeing a gain in those mining and energy players. We've just heard from The White House national security adviser to potus Jake Sullivan saying that the U.S. does support efforts to probe the Nord stream pipelines and you are seeing shares of those companies tied to natural gas in Asia advance after Germany suspected the Nord stream gas pipeline was damaged by an act of sabotage. The yield on the U.S. ten year treasury note approaching 4% to touch its highest level since 2010 and was saying yields rise across the Asian region as well the yield on Australia's tenure up by almost 7 basis points 4.09%. Let's get over to the newsroom now for a check of global news without and must do and Julia, thank you, the U.S. Senate is voting to advance funding the government through mid December as a Friday deadline looms to avoid a shutdown the stopgap bill would keep the government running until December 16th. The deadline to pass the measure is Friday at midnight. More than a million people in Cuba are without power after hurricane Ian struck the western tip of the country as a category three storm, photos showing mangled power lines smashed roofs and flooded streets as 50,000 residents have been evacuated from their homes. And Japanese political leaders remembered former prime minister Shinzo Abe at a state funeral as a statesman who steadily led the country during his record run as premier, about 4300 people, including U.S. vice president Kamala Harris, world leaders, dignitaries, and members of Abe's ruling liberal Democratic Party attended the event in central Tokyo under tight security. I'm Ann mos two with global news, Juliet. Thank you so much and just getting some breaking news on the terminal two about Apple ditching its iPhone production increase after demand falters the company had hoped to see new devices trigger a sales spurt, but the iPhone 14 pro models have been selling better than entry level handsets, but certainly this anticipated surge in demand failing to materialize this according to people familiar with the matter. Let's get back to our guest now we have Hayden Briscoe head of emerging markets in Asia Pacific fixed income at UBS asset management in our Hong Kong studio alongside Brian Curtis and we wanted to talk about the fed St. Louis fed chief James bullard warning that defense credibility is on the line at what point do we continue to see hikes or how much do we wait to see or should they wait? I should say to see whether or not the hikes that have already happened are actually moving to
Bloomberg Radio New York
"ann mos" Discussed on Bloomberg Radio New York
"He and the president have a lot in common in terms of a commitment again to the indo Pacific region and to an open and free end of Pacific, but also we had an extensive conversation about the climate crisis. Harris previewed her upcoming trip to Korea where she'll play a visit to the demilitarized zone the border area between North and South Korea. Saudi Arabia is 86 year old king appointed his son crown prince Mohammed bin Salman to replace him as prime minister, continuing a gradual transfer of power in the world's largest oil exporter. President Xi Jinping reemerged after not being seen in public since his first foreign trip in more than two years earlier at this month, gee wearing a mask, visited an exhibition in Beijing on Tuesday. It's about Chinese achievements over the past decade, the Chinese leader was accompanied by the other 6 members of the Politburo standing committee a sign of unity after rumors circulated on Twitter about a challenge to his power. China does see weakening demand for its products as economies around the world slow, but there's another major reason China's growth rate has slowed to 2%. Xi Jinping is running China's economy and it is he who shut down cities to combat COVID that's according to Leland Miller, president of China beige book in a Bloomberg interview earlier today. What about tens of thousands of firms over the course of the past year? They have been telling us that until the COVID zero nightmare is over. They are not going to borrow. They're not going to invest. They're not going to hire. And indeed, borrowing hit the lowest level we've ever seen. Firms don't want to plan for the future if they don't know the future. And to know the future they need to get rid of COVID zero. Since winter could bring another COVID wave Miller says the near future could mean more quarantines. The U.S. Senate is advancing a stop gap spending bill without a provision from senator Joe Manchin. The West Virginia Democrat dropped his effort to include an energy permit provision in must pass legislation to fund the government after it became clear it didn't have enough support. Opposition to mansion's plan to speed up approval of energy projects had threatened to stall passage of a funding bill that's needed to keep the government operating past the September 30th end of the fiscal year. And President Biden is saying he will be with the people of Florida every step of the way as they withstand a potentially devastating hurricane, it's right now in Cuba. Biden underscored the need to evacuate threatened areas. My administration is on alert and inaction to help the people of Florida. And I directed my team to search federal assistance there before the storm hit. I just spoke with the mayors of Tampa, saint Pete, and Clearwater. I told each one of them, whatever they need, contact me directly. 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 Ann mos to Brian. All right, Ann, thank you coming up on 9 minutes past the hour. Let's say good morning to Hayden Briscoe ahead of emerging markets and Asia Pacific fixed income at UBS asset management. Hayden, great to have you with us on the show today. There's a lot of risk out there in the market and we see investors turning to some haven investments like they're buying the dollar like crazy, the dollar has had huge gains, but bonds, not so much. Right now we've got the yield on the ten year Australian bond at 4.08%, the yield on the ten year is at three 96 and the two year even at four 28. You'd think that some money would be pouring into bonds, but just the opposite is happening. Why? Well, I think they're interlinked to be honest. If we look at the U.S. dollar going higher and higher, what we're seeing at the moment is the central banks are stepping in to defend their currencies and in particular the Japanese. You would have noticed when they Japanese yen got up to a 145 in price. They're about the very next night or that night. We saw a big jump up in yields in the U.S. so central banks as they step in to slow the decline in their currency relative to the U.S. dollar, letting go of their foreign exchange reserves. So we're seeing more and more U.S. dollar bond selling across the curve. I think the interesting thing this time is maybe not necessarily in the front part of the yield curve, which is typically where they sell. It seems to indicate they're selling across the entire curve. But we won't get that information for some time. So we'll have to continue to see them selling, I think. When it comes to the currency weakness in the intervention that we've seen, there's been some speculation that you could see Sterling intervention too, if not, what kind of moves though do we see in terms of parity there? Well, I think obviously the Sterling is just one of the many currency that's under pressure right now. Relatively small economy, smaller than Brazil, I'd like to tell everybody. So it's not a huge economy to focus on these days. But it's just an indication of what's likely to happen, I think, with developed market countries. We need to be concerned because what they're doing is as inflation is rising that he then using fiscal large esque and we saw that with the UK and they're not moving away from quantitative easing more towards this debt monetization or modern monetary theory MMT, which is essentially spend like as much as you want until inflation rate takes off, which means your currency is going to continue to come under pressure. Then you have to hike rates, collapses you domestic macro backdrop. Your currency sells off and guess what? That's an emerging market debt characteristic. So there is a potential we're starting to see the early signs in developed market bond markets or economies taking on emerging market like characteristics. Okay, we'll continue in a moment and perhaps I'll ask you if
Bloomberg Radio New York
"ann mos" Discussed on Bloomberg Radio New York
"Liv golf series, as well as allegedly using its power to stifle competition. Bad news for the New York Giants as they have lost wide receiver Sterling shepherd for the rest of the season after the 29 year old suffered a 20 ACL in his left knee in Monday night's lost to Dallas Cowboys. Shepherd has only played 29 games in the previous three years due to various injuries. On the season shepherd was leading the team with 13 catches for a 154 yards on Dan Schwartzman that your Bloomberg world sports update. Markets, headlines, and breaking news 24 hours a day. At Bloomberg dot com, the Bloomberg business app and at Bloomberg quick tape. This is a Bloomberg business flash. 13 minutes before the top of the hour we update markets every 15 minutes on Bloomberg radio, we're seeing some losses in the Asia Pacific and the equity markets, the nikkei trading down about 7 tenths of 1%, the cost speed is down about four tenths of a percent. The MSCI Asia Pacific index is down just that four tenths of 1%. Some light gains in Australia where the ASX is up about a tenth of 1%. We've had fed speakers out talking tough on inflation, that's continuing to weigh on markets, shopper earnings revisions appear to be coming. China has warned that slowing global demand is hurting trade around the world. And we had more tensions in Europe leaks to a gas pipeline between Russia and Europe and they've been labeled sabotage by both U.S. and German officials. Goldman Sachs has a comment out a note about commodity saying that commodities have been caught in a negative feedback loop. It's been driven by higher U.S. rates relative to the rest of the world, and by gains in the dollar, as well as weaker non U.S. economic growth. At president says these dynamics are mutually self reinforcing, still the loop will be transient. They say not structural and will end when there's a re convergence in global rates. The Bloomberg commodity index has been trending lower down another tenth of 1%. Crude oil is down to 78 29 a barrel down a quarter of a percent. The yield on the ten year treasury now 3.96%. And that is a Bloomberg business flash. It is 12 minutes before the top of the outlets get headline news with Ann mos two in the Bloomberg newsroom and. Thanks, Ryan hurricane Ian projected to be one of the costliest storms in U.S. history is prompting mass evacuations school shutdowns and thousands of flight cancellations across the third largest U.S. state. The storm has already battered Cuba, leaving more than a million people without power right now. In Florida, interstate highways are jammed with cars and trucks attempting to flee the western coast damages and economic losses in the area could exceed $45 billion if the current forecast comes to pass. No effort is being spared in looking into the optus customer record breach with the FBI joining the Australian federal police in probing the alarming incident attorney general Mark Dreyfus reveals the international cooperation as the group behind the breach scrapped its ransom demand and claimed to have deleted the 11 million customers records its scraped from the telcos website. I'm Anne mosque to with global news, Juliet. Thank you so much Ann. Let's get to our guests now now. Is CIO for emea and global head of economics and research at critter Suisse she joins us on the line from Singapore today. We're looking very closely at all of these concerns about a global recession how deep it could be. We also heard from more fed officials saying they need to keep hiking rates to restore price stability. Do you kind of agree with one of those speakers James bullard who warned that the fed's credibility could be on the line here? I think generally the central banks are currently really fighting for their credibility Juliet and so far the fed has done an okay job because if you look at the break even ten year inflation as a good reflection of long-term inflation expectations, they have been trending down from their previous highs this year. So I would say so far the fed is on good course. But it is absolutely a fight for credibility against inflation. How concerning is it that we could see a global recession, particularly when you look at what's happening in Europe and then in the gas, I guess, crisis that is occurring there. We saw that big 22% jump in futures overnight. In Europe and also in the UK, we think the recession is now is now to be expected. Four 2023 where this is likely to also show in overall the overall annual growth rate, we do anticipate -0.2% in our forecast of credit suites for the Eurozone and for the UK. It might be also in the similar in the similar magnitude. It might also become even deeper than that if conditions in Europe and the UK continue to deteriorate. In the U.S. the risk of recession is a bit lower. However, probability of recession is that 30% according to our models and that is the material. What buffers that potential downturn in the U.S. is it still the very strong jobs market is it the fact that households still have quite a lot to spend? They're really two things that are shielding the U.S. at the moment. One is that this is a large economy that essentially depends on its private consumption. I mean, the U.S. private consumption contributes the majority of growth. So far, as long as the U.S. labor market is resilient, then also the consumers are likely to carry some of these overall growth resilience. That's one. Secondly, as far as the housing market is concerned, most households do have long-term mortgages. So it takes some time before the increase of yield is actually feeding through to their to their expenses. So that's a second factor. The fact that they have a lot of fixed mortgages and that it takes time to feed through is a second shielding effect and then thirdly, there are not so exposed to the energy crisis and the direct implications of the war in the Ukraine as countries in Europe. And Asia, buffeted from that too, let's talk about the China picture because we're closely awaiting the party Congress we have seen president Xi reemerge after not being seen in public since his first foreign trip in more than two years earlier this month. Do we see a turnaround or letting go of some of those very strict COVID zero policies? And if so, how does that help the growth story? I think that in indeed, after the party Congress, we might be expecting some gradual relaxing here of the nonzero COVID policy and especially because also the focus now is turning back from the global health situation to actually the economic growth situation. We see that also from the comments around international trade and how the global economic slowdown is affecting negatively Chinese economic growth. So there is hope. That we are going to see gradually what Hong Kong is now also going through the extended to the regions in China as well. What we're doing is that this will lead into a higher growth rate next year for China than this year. Okay, and let's get now to your bank's global wealth report because you do see China as among the most countries. Sorry, among countries that will add the most millionaires and you're saying the world in general is going to get more millionaires after the wealth loss that we've seen in 2022. Just tell us about some of the findings from the Credit Suisse global wealth report. Yeah, I mean, wealth has been on this tragic trajectory of growth that was really among the most impressive in 2021. And it's probably been the year where we have seen the highest growth rates, even accounting for exchange rate fluctuations and so forth. Really very strong growth more than 9% over the year compared to an average of 6% in previous in the previous decade. China has much of the U.S. have been driving those and a lot of the wealth increases have come from how strong financial assets have been with all the support that monetary policy fiscal policy and so forth to have given throughout the pandemic. As global wealth is increasing so is the number of millionaires and so there is really a parallel here to expect. We think that 2022 might be showing a bit of a slower growth of wealth because of the inflation effect. One thing is to see nominal wealth growth, but the other is to really have an increase of real wealth. So there is also going to be a little bit of artificial growth here coming through the effect of inflation. But over 5 year period, we think that the world continues to move in a very positive trajectory where the average the average wealth per adult in the world is likely to first time ever
Bloomberg Radio New York - Recording Feed
"ann mos" Discussed on Bloomberg Radio New York - Recording Feed
"Could save you from a heart attack or stroke. If you stopped your treatment plan, restart it, or talk to your doctor about creating one that works better for you. Start taking the right steps at manage your BP dot org. I sent her life. But I want to make it better. I'll come back. I ask you doctor. Checking blood pressure. Brought to you by the American Heart Association American medical association and the ad council. Broadcasting 24 hours a day at Bloomberg dot com and the Bloomberg business app. This is Bloomberg radio. Now, a global news update. This is Bloomberg daybreak Asia for this Wednesday, September 28th in Hong Kong, Tuesday, September 27th in New York and coming up this hour. The S&P 500 dropping for a 6th straight session, its longest losing streak since February of 2020. More fed officials say they need to keep hiking rates to restore price stability. Some Wall Street banking giants agree to pay $2 billion in fines to settle a WhatsApp probe. A massive hurricane makes landfall in Cuba as it churns toward Florida. Germany is suspecting the Nord stream pipelines were sabotaged and meta blocks inauthentic pages from Russia and China on its sites, including WhatsApp, with global news, I'm Ann mos two. The United States struggles in its final tune up before November's World Cup. I'm Dan Schwartzman. I'll have that story more coming up in Bloomberg's boards. That's all straight ahead on Bloomberg daybreak Asia on Bloomberg 11 three O New York. Bloomberg 99 one Washington D.C., Bloomberg one O 6 one Boston, Bloomberg 9 60 cent
Bloomberg Radio New York
"ann mos" Discussed on Bloomberg Radio New York
"The January 6th committee subpoenas new evidence ahead of the next public hearing. We've got Pfizer also asking the FDA to clear a new shot for children. Let's get to the newsroom enjoying Bloomberg's and mosque. Thanks for Pfizer's asking the FDA to approve the use of its new COVID booster shots that target the omicron BA 5 variant for young children. Pfizer's request comes before clinical trial results are released for kids age 5 to 11, Moderna asking the FDA to authorize its omicron shots for children age 6 through 17 on Friday. White House spokeswoman karine Jean Pierre is again slamming Russia's threat to use nuclear weapons to help win its war against Ukraine. Putin's nuclear threat against Europe are irresponsible, and it's reckless. Ukrainian president zelensky says he does not think Russian president Vladimir Putin is bluffing, he also accused Putin of committing nuclear blackmail. Florida is bracing for what could be one of the most powerful hurricanes it has seen in years Tampa could get a direct hit from hurricane Ian, something the area has not seen for more than a hundred years, mandatory evacuations in the area are underway and governor Ron DeSantis has declared a state of emergency for the entire state. The congressional committee probing the January 6th attack on the U.S. capitol and former president Donald Trump's efforts to undo the 2020 election is seeking new evidence. This is just days before the next public hearing, and as lawmakers push to complete an interim report next month, a lawsuit filed over the weekend revealed that Wisconsin lawmaker Robin Voss has received a subpoena to testify before the committee, lawmakers expressed interest in a July phone call when Trump reportedly urged Voss to move to decertify president Joe Biden's win in the state. It's a sign that the committee is exploring the timeline of Trump's attempts to interfere with the election, long after the events of January 6th. And in never before tried experiment tonight will test to see whether it's possible to deflect an asteroid, the over 500 foot asteroid poses no threat to earth, but scientists are eager to see if their probe will alter its orbit the technology from NASA may be needed if an asteroid is ever on track to hit earth. 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 Ann mos to Brian. All right, thanks very much, and let's get to our guests, Layla Penn's president of Pence, wealth management. Layla, we've been trumpeting this a little bit this morning. Ned Davis research says 98% chance of recession. And Morgan Stanley's Lisa shallot is warning earnings optimists. Your sleepwalking off a cliff, yet I get the feeling from looking at your notes that you'd be nibbling here. You'd be doing some buying here because, you know, the bear market will end at some point. Well, you know, no one rings a bell and tells you this is the bottom of the market or this is the time to buy. I've been doing this a long time and I've been waiting for that bell, but it just doesn't come. So do you mean the fed doesn't hold up a sign and say it's okay to dip your toe in the water now? No. It doesn't do that. That is the issue. And so you really have to look, this is where stock by stock analysis needs to come in and see really what makes sense what and you just nibble. What we do is if we want to have a 2% position when we go into a half a percent position. But yeah, valuations have gone down so much. And a lot of the dividend paying stocks are now yielding so much more because they're priced to the stock has gone down. So it's becoming attractive. I remember doing this back in 2008 2009. On September 15th all the way to March 9th, the market was horrendous way more than it is right now. And things look very bleak, but the returns dividend payers stocks and some of the stocks really became attractive. You can't go in all the 100%, but you certainly could never on some areas that are going to benefit from inflation. They're still going down regardless of the fact that they actually are benefactor of inflation. But when the market sells off, they sell off everything. So there's areas like payments. We really like payments. Credit cards. We think that that's an area just things are costing more. And the consumer is still holding up because they still have money and they're still working. So every time a charge is made on those credit cards, these companies are making more money and the cost of labor for them is much smaller than other companies. So we think that could be a manufacturer plus they have been interest income. They still have cash on their balance that they actually make money and of course they rent it out or they lend it out for a lot higher interest in the width. So it gives a sense of what you absolutely don't touch at all. What I don't touch? Well, I don't touch really high multiple stocks. Believe it or not, we're staying away from things that right now a little bit out of energy because price of oil is definitely starting to come down and if we are going to have a minor recession, that's not an area right this minute. Now we liked it in the past and we may like it again. They pay good dividends. And. The high multiple earnings factor. So those are the ones that are high PE stocks. Well, you mentioned payment processors, but unfortunately in that area you do have a lot of companies with pretty high PEs, I suppose, and some of them have been slammed