40 Burst results for "Asia Pacific"
Bloomberg Radio New York - Recording Feed
Monitor Show 18:00 09-17-2023 18:00
"With Bloomberg, you get the story behind the story, the story behind the global birth rate, behind your EV battery's environmental impact, behind sand, yeah, sand, you get context. And context changes everything. Go to Bloomberg .com to get context. I'm Buzzfeed. Stay with us. Top stories and global business headlines are coming up right now. This is Bloomberg Daybreak Asia for this Monday, September 18th in Hong Kong, Sunday, September 17th in New York. And coming up today, GM CEO Mary Barra says the UAW strike didn't need to happen. Chinese developer Country Garden faces two more tests due today. And Chinese authorities detain staff of China Evergrande's money management business. U .S. and China officials meet to keep lines of communication open. Donald Trump on Meet the Press repeats judicial system is filled with thugs. UAW says 21 percent Stellantis wage proposal is a no -go. I'm Ed Baxter with Global News. Arsenal wins again while Chelsea continues to struggle. I'm Dan Schwartzman. I'll have that story and more coming up in Bloomberg Sports. That's all straight ahead on Bloomberg Daybreak Asia. On Bloomberg 1130 New York, Bloomberg 99 .1 Washington, D .C., Bloomberg 106 .1 Boston, Bloomberg 960 San Francisco, Sirius XM 119, and around the world on BloombergRadio .com and via the Bloomberg Business App. Hi, everybody. Good morning on this Monday here in the Asia Pacific. In Hong Kong, I'm Brian Curtis.
WTOP 24 Hour News
Fresh update on "asia pacific" discussed on WTOP 24 Hour News
"Down to the middle and upper 50s overnight. Monday News at 10 and 40 past the hour brought to you by PenFed. Great rates for everyone and let's check in with Jeff Claybaugh. Ford's US pickup truck sales last quarter were up 15 % from a year ago despite lower demand for its electric F -150 Lightning. Disney is cutting the price of children's admission at Disneyland and Disney World as attendance slows. Washington Business Journal says Metropolitan Square, a 650 ,000 square foot office building near the White House, has sold for $305 million, likely a record this year. The Dow gained 127 points Wednesday. The Nasdaq up close to 1 .5%. Jeff Claybaugh, WTOP News. Asia Pacific markets are rallying. They're up between 0 .5 % and 1%. Pope Francis has opened a big meeting of bishops over the future of the Church. Among the controversial topics are whether priests can marry, if women become can deacons, and whether priests can bless same -sex marriages. Jamie Manson, a women's rights activist and devout Catholic, says the change opens the church tent for LGBTQ couples, like her and her partner of four peers. Affirming and embracing everyone only makes the Church stronger. It is a very slim minority of Catholics who are opposed to same -sex unions. That's what they wish, but it's not. Fr. Gerald Murray is a conservative priest from Manhattan. For the Pope to say that priests and bishops can find way a to do this, it's wrong. He shouldn't do it. CBS News foreign correspondent Chris Livesay with that report, reporting from Rome tonight. Still ahead on WTOP, a story so disgusting you may never fly Again, that's clearly an exaggeration, but do stay with us to find out about germs on a plane and what do you can to protect yourself. It's 1042. For more than 50 years, KBR science and engineering expertise has enhanced our ability to explore, examine, and understand the universe. As a leading provider of technology solutions both on and off the planet, no company is better equipped to solve the challenges of mission critical operations and health technology than KBR. From launch to landing and everything in between, we are the team behind the mission. For more information and career opportunities, visit
The Breakdown
A highlight from The Senate Doesn't Seem to Care About Crypto Anymore
"Welcome back to The Breakdown with me, NLW. It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world. What's going on, guys? It is Wednesday, September 13th, and today we are talking about news that Binance US CEO has left the company. Before we get into that, however, if you are enjoying The Breakdown, please go subscribe to it, give it a rating, give it a review, or if you want to dive deeper into the conversation, come join us on the Breakers Discord. You can find a link in the show notes or go to bit .ly slash breakdown pod. Well, friends, last night I had assumed that today's show would be some combination of Gary Gensler testifying before the Senate with maybe a little side of CPI. But then last night, new Binance news broke that had the whole community chattering. So that's where we're going to start. According to anonymous sources, Binance US CEO Brian Schroeder has left the company. Chief legal officer Norman Reed will step into the role on an interim basis. Alongside the resignation, Binance US announced internally that it will slash around one third of its workforce, laying off approximately 100 employees. This is the second round of layoffs for the US -based exchange as they dig in to fight legal battles against the SEC and the CFTC. Binance US said in a statement, Now, if you are paying attention, not even closely, just at all, you will know that this is the latest in a series of high -profile departures across the Binance empire. At least 11 executives have now resigned across all Binance companies. Three key personnel left on the same day in July, including front -facing Chief Strategy Officer Patrick Hillman, amid rumors of dissatisfaction with how Binance CEO CZ handled rumors of a DOJ investigation. Five more executives quit earlier this month, with the headline resignation coming from Leon Fung, the head of Asia -Pacific operations. In all cases, the resignations have been officially explained by a range of personal reasons, probably capstone by former compliance officer Steven Christie's extremely weird Twitter thread, which included the statement that, Now, the wide -ranging lawsuits against Binance have largely come home to roost for their US subsidiary. Both the SEC and CFTC cases include allegations that reach deep within the international Binance empire. However, regulators have been careful to focus their attention on Binance US to ensure that they have clear jurisdiction. A key focus of litigation so far has been the flow of funds between Binance US and the international organization. All of this means that the focus on the domestic exchange has led to the US subsidiary taking the brunt of the consequences so far. More acutely, Binance US was essentially cut off from all access to onshore banking, forcing them to operate as a crypto -only exchange. This shutdown of financial services has led to a dramatic collapse in trading volume. Binance US captured around 22 % of US market share in April, but this figure has now dropped below 1 % as traders quite reasonably flee to safer shores. Schroeder is now the third Binance US CEO to walk away from the role. Both Kathryn Coley and Brian Brooks, who earlier served as CEOs for the exchange, have provided extensive testimony to regulators and law enforcement. Schroeder joined the firm as president in September 2021, well into the company's claimed attempt to clean up their operations. One consequence of that could be that he has significantly less scandalous information on how the exchange functioned than other former executives. So what are the community's takes on this? Well, as you would expect, the anti -crypto folks are cheering. They see Binance as the next and perhaps ultimate shoe to drop. However, many folks in the industry, regardless of what they think of Binance, view it as a sad episode that shows just how problematic the SEC's approach really is. Wolf of All Street's host Scott Melker said, The SEC killed Binance US without proving a single thing, without due process. It simply took accusations to scare away customers and partners. This is the legacy of Gary Gensler. Another take which I resonate with strongly comes from folks like Byzantine General who wrote, I don't know why people are up in arms about this. I thought it was quite obvious already since the SEC lawsuit that Binance was just going to wind down operations of their US branch. It's so small and completely inconsequential to Binance anyway. Or more crisply from Icebergi, just closed down Binance US already. It has seemed untenable for quite some time and this only seems to reinforce that point of view. Now the other big generator of conversation was investor Adam Cochrane. He tweeted, I've been saying if Binance blows up, we'll be fine in no time. Got a tip that I've not yet been able to fully verify, but I would lean towards it being true on, and if it's true, it'll be a longer, more painful ride than I thought. Life behind bars would be the good outcome for CZ. I've sent that tip to some journalists I think can confirm if it's real and will keep folks updated if I get anything back. But in good faith I had to redact my will be fine stance and replace it with, we'll probably be okay unless this other part is real, in which case holy eff we're really going to zero and going to have to rebuild up again over time. Anyway, fun times in crypto. Now this certainly got people chattering, but not always in a good way. Zero Knowledge consulting partner and founder Austin Campbell quote tweeted it and said, If you have a financial interest in an outcome and post that you have a rumor without saying what the rumor is, you are part of the problem in this space. This would have been prohibited conduct in most regulated markets. I certainly would have gotten in trouble for this at JPM. Now, interestingly, however, 4Lex4Shaw had a different take. They wrote, It's all so tiresome. Binance had the support of dozens of governments from Singapore to UAE to every corner of the global south, and Tether too. The U .S. can't cut the UAE, Caymans, Bahamas, and Singapore out of Eurodollar markets, so it can't de -dollarize Binance. Any successful prosecution of Binance has to cut off Binance's access to USDT, cut Binance off from access to UAE, Singapore, etc., Eurodollars, or prove beyond a shadow of a doubt a huge hole in Binance's balance sheet, i .e. accounting fraud. Everything else is just low -budget theater. If the U .S. can accomplish one of those things, Binance is dead. If the U .S. can't, CZ doesn't have to give a crap about what the U .S. government says, indicts, or cajoles. The latter possibility breaks a lot of people's brains, but I don't make the rules. The interesting take here is, of course, that in many ways the Tether and Binance stuff going on is kind of just a proxy war for the U .S. about the U .S. government trying to exert sovereignty over the Eurodollar market that they simply don't control. I think it's a really interesting lens through which to look at these prosecution efforts, as well as questions around USD stablecoins. Anyways, who knows what happens next with Binance, but it continues to be the biggest open question in the entire space. Now, moving back over more officially to the U .S. government side of things, SEC Chair Gary Gensler appeared before the Senate Banking Committee on Thursday at a routine oversight hearing. Now, coming into the hearing, Gensler reinforced his well -worn position on crypto and written testimony. He stated that, quote, Given this industry's wide -ranging noncompliance with the securities laws, it's not surprising that we've seen many problems in these markets. We've seen this story before. It's reminiscent of what we had in the 1920s before the federal securities laws were put in place. Brushing off the recent Ripple decision, Gensler asserted that, quote, The vast majority of crypto tokens likely meet the investment contract test. Given that most crypto tokens are subject to the securities laws, it follows that most crypto intermediaries have to comply with securities laws as well. Now, the hearing itself was kicked off by opening statements from Chairman Sherrod Brown. As the leading Democrat dealing with financial issues, any crypto legislation being moved forward in the near future would likely require Brown's seal of approval to become law. Judging from his comments about the state of the industry, that seems unlikely. Brown said, quote, The FTX collapse showed how dangerous crypto can be. But FTX wasn't a lone bad apple. It was just the most explosive example of the problems in crypto. The problems we saw at FTX are everywhere in crypto. The failure to provide real disclosure, the conflicts of interest, the risky bets with customer money that was supposed to be safe. FTX was just the biggest and the ugliest. For consumers, it adds up to billions of dollars gone. Bad actors keep flocking to crypto. They use it to launder money, to evade sanctions, to fund crime and human trafficking and terrorism. We need to protect workers and families in these markets. We need to clean up the scams and fraud. As Congress considers digital asset legislation, I'm glad the SEC is using its tool to crack down on abuse and enforce the law. Now, of course, a casual observer might suggest that 1. FTX was distinct, given that its former CEO is on trial for perpetrating fraud against his company, investors, partners and the public at large. And an observer might note that the SEC didn't use its tools to do anything about that or any of the other big examples of actual fraud and problems happening. Instead, it's wrote in after the fact to win settlements against projects too small to defend themselves and chalk it up as victories, which might, to some, be seen as much more politically motivated than actually driven by consumer protection. But that's just one take. Now, ranking Republican member Tim Scott used his opening comments to drag Gensler for his lack of engagement with congressional oversight. Scott noted that the Senate hasn't heard from Gensler since last September, despite the FTX collapse and several bank failures occurring in the interim. He said, complete and timely attention to congressional inquiries is critical to ensuring independent agencies remain transparent and accountable to the American people. Yet, sadly, your agency has fallen short in this obligation to be transparent and responsive to congressional oversight. Without pro -growth regulations, we are limiting opportunities for our kids and our kids' kids from being able to take control of their own financial futures. The American people have a right to know what their government is doing, and your agency's blatant refusal to respond to our constitutionally mandated oversight represents a dereliction of your duties to the American people. And yet, still, when all was said and done, the most striking thing about the hearing was just how much crypto had faded as a front -of -mind issue in Congress. Gensler didn't mention crypto at all in his brief oral testimony, and lawmakers had numerous more pressing concerns to discuss. Based on the questions, climate reporting rules and AI use and financial services ranked as much higher priority than crypto enforcement, even for previously fervent Democrats. We didn't even get the customary anti -crypto soundbite from Senator Elizabeth Warren, who instead used her time to rail against a perceived lack of toughness in new private equity disclosure rules. The crypto discussion, to the extent there was any, touched on pending crypto ETFs. Senator Bill Hagerty brought up the point that the SEC's rejection of the Grayscale Bitcoin Trust had been labeled arbitrary and capricious by a federal judge. He asked what the SEC would need to see in order to approve a spot Bitcoin ETF, to which Gensler responded that the agency is, quote, "...still reviewing that decision and reviewing multiple filings around Bitcoin ETPs. I'm looking forward to staff's recommendations." Now, on top of some of those specifics, many GOP senators had more general criticisms for how Gensler's SEC had conducted itself. Senator Steve Daines, for example, complained that the SEC has frequently overreached its mandate in attempts to expand its jurisdiction. He suggested that 80 % of the SEC's rulemaking efforts under Gensler were not required by legislation. Daines said, "...this means that the vast majority of the agency's rulemaking agenda has been voluntarily undertaken. Chairman Gensler, you are not an elected official that is beholden to your constituents. You are an unelected bureaucrat who has taken it upon himself to reshape American markets to your liking, to the detriment of innovation, of investors, and small businesses." What's more, it seems like many in the Washington establishment are not just concerned about Gensler when it comes to the crypto markets. Earlier this week, for example, the Wall Street Journal published an op -ed article penned by former U .S. Attorney General Bill Barr. Specifically, the article warned of Gensler encroachment into regulating the use of AI. But Barr was scathing in his attack of Gensler's leadership at the SEC more broadly. He wrote, "...this is only the latest example of Mr. Gensler's grandiose regulatory style. He takes on airy theoretical issues and attacks them with broad prophylactic regulations that are long on speculation and paternalism, short on evidence and rational analysis, and heedless of Congress and the Constitution. He claims these measures will head off speculative evils, but they are more likely to throttle the dynamism of U .S. markets." So how are we to sum this all up and make sense of it? To me, this was very clearly the first hearing of the next election cycle. Crypto is now an afterthought for Congress. Or maybe better put, it is an exhibit and an example of a broader narrative which is around SEC overreach. It seems fairly clear that people aren't that interested in getting regulation done for the industry and even on the GOP side are more interested in defeating a broader political agenda embodied by Gensler. The big themes were agency overreach, major questions doctrine, and the role of unelected bureaucrats, not crypto per se. But to the extent that anyone is looking for good news as relates to the election cycle, as finance lawyer at Davis Polk Scott Johnson pointed out, for those keeping count, Senator Sherrod Brown's odds are about 60 % chance to lose his seat next year as of now. Change isn't always necessarily good, but it certainly opens up new possibilities. But gear up, because we are definitely in the election part of the cycle. Thanks as always for listening, and until next time, be safe and take care of each other.
WTOP 24 Hour News
Fresh update on "asia pacific" discussed on WTOP 24 Hour News
"Small cities puts alexandria at number three anapolis at number nine without being a hundred and twenty seven points wednesday in the nasdaq gained almost one -and -a -half percent jeff clapell wtop news asia pacific markets are all such higher as tokyo's nikkei it's up about one percent some people are calling it the leaderless house of representatives there currently is a caretaker house speaker but it's not the same as having a permanent person in there so they can push through legislation and do their business to republicans are already vying to be the next speaker of the house do either of them have the votes we'll talk it over with the washington post lianne calwell coming up ten twelve given the hybrid multi -cloud world now becoming common for agencies across government cyber supply chain risk management implemented across the enterprise is now a necessity explains the entre jones director of pre -sales engineering for the civilian and fsi region at palo alto networks jones shared cyber scrim best practices with federal news network at its 2023 cyber leaders exchange presented by carrosoft security compliance is what we live for and what we live by and in order to secure and have compliance that's going to require consistent policy consistent monitoring and consistent visibility across clouds as we all know we live in a multi -cloud world in order to do that we need a common toolset that allows us to have that consistency across whether we're in a public cloud or a private cloud at all times want expert advice and with help cyber security at your agency palo alto networks carrosoft and their reseller partners are at the ready to listen to the full discussion visit federal news network dot com and search cyber leaders coming up baseball off shape up as the old now know who they'll be playing this weekend sports in ten minutes with frank on t t o p have you googled yourself lately are there negative posts from an ex -employee or from a former client may be an outdated news article or sensitive personal information about your family search engines don't always get it right the right or wrong it's your reputation on the line that's where reputation defender Norton by comes in one of the most trusted names an online reputation repair reputation defender has been fixing people search results for over fifteen years they're cutting edge approaches help you to unwanted wipe information in your search results they also promote the good stuff so that it rises to the top helping you put your best foot forward your good name is too valuable to leave to the whims of a Google take control with reputation defender you can start by getting your free reputation report card reputation defender .com or call 800 401 6681 to speak an to expert that's 800 401 6681 at SimpliSafe we've designed award -winning home security with advanced sensors HD cameras and now this 24 7 live guard protection only from SimpliSafe now monitoring agents can see and speak to intruders through new our indoor camera to help stop crime in real time and for fast police response get 20 % off any
Bloomberg Radio New York - Recording Feed
Monitor Show 18:00 09-11-2023 18:00
"That's pretty much it. That's three hours of programming. Well, I'm not going to set up everything. You're going to have to tune in and listen. Well, we're very much looking forward to that. Hey, Jess Metten, I really appreciate you filling in for Carol this afternoon. Always a pleasure. It's been fantastic, and more from you a little later this week as well. That does do it for Bloomberg Businessweek. I'm Tim Stanovec with Jess Metten. Bloomberg Daybreak Asia starts right now. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. This is Bloomberg Daybreak Asia for this Tuesday, September 12th in Hong Kong. Monday, September 11th in New York. Coming up today... Apple renews its deal with Qualcomm and assign in -house iPhone chips may not be ready. Disney and Charter Communications agree to end the blackout of ESPN and ABC for millions of customers. And China's economy showing signs of stability as credit growth rises. U .S. and NATO say Russia must be desperate to accept munitions from North Korea. FDA approves new COVID vaccine. Remembering 9 -11. I'm Ed Baxter with Global News. A Juventus star is facing as much as a four -year suspension. I'm Dan Schwartzman. I'll have that story and more coming up in Bloomberg Sports. And if you're joining from the Asia Pacific...
WTOP 24 Hour News
Fresh update on "asia pacific" discussed on WTOP 24 Hour News
"Parts of the area it's money news at 10 and 40 past the hour brought to you by pen fed great rates everyone for and joan dottinger this is a bloomberg money minute it's the oseptic effect walmart is seeing in it shopping demand walmart says it is seeing an impact on what we're buying it says because of the diabetes slash weight loss drugs oseptic wigove and others right now a walmart exec says it is a slight change compared to the total population but there is a bit of a pullback in the overall shopping basket snack makers hackers have already said they are bracing for an impact the same hackers that shut down slot machines mgm at resorts international in las vegas and hit caesars could be the reason clorox bleach has been so hard to find clorox is blaming the same group of hackers that hit the casinos for the breach it first announced a months few back it forced a shutdown of some production lines clorox has said it's still trying to recover on street wall tech shares led gains of about a third to one and a third percent the dow up as deck a hundred seventy seven the s and p thirty four from the bloomberg newsroom i'm kimberly adams on w t o p well let's take a look at the asia -pacific markets australia's a s x two hundred is up a quarter percent tokyo stocks up about one percent now nine forty two classes are canceled for the weekend homecoming is on pause at morgan state university after last night's shooting on campus the baltimore universities postponing its homecoming gala and football game originally scheduled for this weekend all other homecoming events are canceled morgan state university president david wilson says the school will increase security now i can you assure that in response to last evening's events we are aggressively increasing security measures on campus further amplifying additional security measures that have been implemented in recent years five people between the ages of eighteen and twenty were two hurt in that shooting last night they are all expected to recover police say they believe the shooting arose but between two groups they continue to search for all suspects tonight nine forty three on w p who will the new house speaker b we know of at least two candidates right now stay with us we get details from political founding editor john harris in just a couple of minutes for nervous diamond importers this is running nervous you won't we don't need a checkbook when you visit Mervis Diamond Importers, so leave yours at home. That's because at Mervis, we treat each as client an honored guest.
The Crypto Overnighter
A highlight from 659:SECs ETF Trap, Binance Exodus, and Chinas CBDC March
"Good evening and welcome to the crypto overnighter. I'm Nicodemus and I will be your host as we take a look at the latest cryptocurrency news and analysis. So sit back, relax and let's get started. And remember, none of this is financial advice. And it's 10pm on Monday, September 4th, 2023. Welcome back to the crypto overnighter where we have no sponsors, no hidden agendas and no BS. But we do have the news, so let's talk about that. Tonight we take a look at the growing exodus of key executives at Binance and what it means for the crypto titan. The SEC finds itself in a quagmire over Bitcoin ETFs and JP Morgan thinks they're cornered. Meanwhile, China's push for its digital wand raises eyebrows and concerns. Down under, Australia's Senate hits the brakes on a critical crypto bill. And in a tale of two Koreas, the Republic of Korea gears up to crack down on the North's crypto theft. Lastly, FTX's star -studded advertising is under the legal microscope. Stay tuned. It's going to be a time. Binance is facing a significant loss of key executives. Mayor Kemet, the global head of product, resigned after more than a year with the company. Kemet was responsible for overseeing product launches that contributed to a user -based expansion from 80 million to over 150 million in 18 months. Leon Fung, who oversaw operations in the Asia -Pacific region, has also left the platform. Fung was responsible for the company's growth in Japan, the Republic of Korea and Thailand. The departures are closely linked to regulatory scrutiny, particularly from U .S. authorities. Binance faces increasing pressure from regulators, including the U .S. Securities Exchange Commission, which filed a lawsuit against the exchange and its CEO, Changpeng Zhao, in June. The departure of key executives from finance is more than just a staffing issue. It's a symptom of larger problems that the company is grappling with. Regulatory pressures are mounting, and the SEC's lawsuit against Binance is a clear sign that the exchange is under the microscope. This isn't just about Binance. It's about the crypto industry at large. When the world's largest crypto exchange is facing this level of scrutiny, it sends a message to the entire sector. The loss of key executives, especially those responsible for product development and regional growth, could have a ripple effect on Binance's future strategies and its standing in the global crypto market. The company may be the world's largest crypto exchange, but they're not invincible. This is a wake -up call for anyone who thinks crypto companies can operate outside the reach of regulators. The departures also raise questions about Binance's ability to maintain its rapid growth trajectory in the face of increasing regulatory challenges. The crypto space is still in its early stages, and these departures signify potential roadblocks in the path of Binance's global expansion. Alright, from a crumbling titan to regulators stuck in the mud, if Binance's issues had you concerned, wait till you hear about the SEC's Catch -22. Hit that notification bell so you never miss an episode.
WTOP 24 Hour News
Fresh "Asia Pacific" from WTOP 24 Hour News
"Admission at Disneyland and Disney World as attendance slows. Washington Business Journal says Square Metropolitan a six hundred fifty thousand square foot office building near the White House is sold for three hundred five million dollars likely a record this year without gained one hundred and twenty seven points Wednesday the Nasdaq up close to one and a half percent. Jeff Claybaugh, WTLP News. Asia Pacific markets are Australia's ASX 200 is up a quarter percent. Interpol the International Police Organization is holding a three -day meeting in Angola to address deep concerns about growing terrorism inside Africa. On this week's episode of the hunt with WTLP national security correspondent JJ Green Dr. Hans Jacob Schindler senior director of the Counter Extremism Project is warning what's brewing inside Africa could lead to trouble for the United States. All we have on both coasts of the African continent both on the west coast and on the east coast we have actually substantial terrorist threats primarily at this point for the region but inevitably this will you know grow out of that region and become a threat for us directly or more directly than it already is. These major threats on both coasts seem to be I guess in a perfect terrorism world they would sort of squeeze the continent eventually moving further and further inland and taking advantage of more and more vulnerable places. How might the terrorists exploit the current problems that the continent already faces including the organized crime situation? Yeah, I mean that it's really these important are just to the understand biggest groups right so there are smaller groups in operating ISIL loyal in Mozambique, parts of the Congo, in the north of Uganda so there are already dots in between the east and west coast and the west coast is ever getting bigger right. So we are talking Burkina Faso, Mali, Nigeria as well as after the military coup now increasingly Niger as well where these groups are really growing at a very alarming pace. Luckily there is still a lot of geographical space between them and the east coast close but both threats seem to be coalescing inwards and therefore we do have a very serious situation in Africa. Dr. Hans Jacob Schindler, Senior Director of the Counter Extremism Project. According to and Schindler others in the US and Europe which are the major forces pushing back against terrorism have problems of their own which are causing them to take their focus away from Africa's problems. The full conversation at wtop wtop .com, search national security. JJ Green, wtop news. Be with us again next week at this time another for edition of The Hunt. Sign up for JJ's national security newsletter Inside the Skiff at wtop .com slash alerts. Coming up on wtop, a story so icky you may never want to fly again. Okay that's probably an exaggeration but do stay with us to find out about germs 743. on a plane. The technology of cyber might be evolving rapidly but there are still some old school best practices when planning cybersecurity upgrades that government agencies should follow shares Alan McNaughton, the director of solutions architecture for public sector at info blocks at the federal news network. 2023 cyber leaders exchange presented by Karasoft. McNaughton said three basic steps lay the groundwork for any cyber remodel documenting your enterprise. I look at as the who what where and when you need to understand who's connected what they're connected with where they are and when they are connected in you need to have an authoritative database you look can at and say hey here's where all my folks are here's what all is connected to my network here's where they're going this becomes extraordinarily important when you start going down the road of investigating a security want expert advice and help with cyber security at your agency Infoblox Karasoft and their reseller partners are at the ready to listen to the full discussion visit federalnewsnetwork .com and search cyber leaders. At cabinet discounters we truly love what we do transforming kitchens bathrooms basements any room creating new ways to help you achieve your vision and all within your budget visit one of our seven showrooms sit down with an experienced designer and build the kitchen or bathroom of your dreams call or go online today and schedule a consultation free at cabinetdiscounters .com it's cabinet discounters proud to serve you for over 40
The Breakdown
A highlight from SEC Punts ETF Applications Till October
"Welcome back to The Breakdown with me, NLW. It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world. What's going on, guys? It is Friday, September 1st, and today we are catching up on crypto, on macro, on all the things. Before we get into that, however, if you are enjoying The Breakdown, please go subscribe to it, give it a rating, give it a review, or if you want to dive deeper into the conversation, come join us on the Breakers Discord. You can find a link in the show notes or go to bit .ly slash breakdown pod. Well, friends, the end of the summer, the beginning of the fall is here. We are kicking off the best season of the year with tons of catch up across both macro and crypto. And we're going to start with a follow up on what is obviously the biggest story and theme of the week, which is Grayscale's defeat of the SEC in their lawsuit and the implications for Spot Bitcoin ETF approval. Now, somehow, apparently some people thought that just because they lost in court, the SEC was likely to turn right around and approve an ETF. That of course was not the case, and the SEC have in fact deferred their decisions on approving Spot Bitcoin ETFs until at least October. On Thursday, the agency filed to defer decision making across all seven ETF applications that were filed in June, including applications from BlackRock, VanEck, and Bitwise. Now, even though they didn't make the decision now, that Tuesday publication of the court order delivering victory to Grayscale was widely viewed as moving the needle on the likelihood of an ETF approval. In the wake of the decision, Bloomberg analysts had bumped up their odds of an ETF approval by the end of this year to 75%. Still, they cautioned that their expectation was, of course, that the SEC would defer decision making this week. Markets reacted pretty dramatically to the Grayscale order on Tuesday, with Bitcoin pumping more than 7 .5 % on the news. That move has now been completely retraced on the delays, with Bitcoin back trading at around 26 ,000. One small subpart of this story that some have been interested in is that the dumping began around 11 .40am on the East Coast, but the SEC's first decision wasn't released until 3 .20 in the afternoon. Coincidental, or did someone have advance information? That seems like a great thing to speculate about on Twitter. The next decision point for the SEC will be on the week of October 16th, when all seven ETFs have another chance to be approved or delayed. Remember that the SEC is able to delay each application up to three times before making a final decision. If the SEC drags this out to its conclusion, they will have a total of 240 days to make their call, bringing us to mid -March next year for this cohort of ETF applications. Now, in practical terms, we're likely to have a better idea about how this will all play out by January 10th. That's the final date for the SEC to either approve or deny the ARK and 21 shares application, which was filed two months earlier than the others. The pattern is certainly for the SEC to delay. During the Grayscale application to convert GBTC into an ETF, the SEC took each opportunity it had to delay their decision making. Still, analysts appear convinced that the Grayscale decision leaves little wiggle room for the SEC to deny the current crop of ETFs. Three appellate judges found that the SEC had indeed acted in an arbitrary and capricious manner in denying Grayscale. They pointed out the hypocrisy of approving futures -based ETFs while denying spot -based claiming that the two markets had a 99 .9 % correlation. The judges further said that the existing surveillance sharing agreements with the Chicago Mercantile Exchange, which operates the Bitcoin futures market, quote, are identical and should have the same likelihood of detecting fraudulent or manipulative conduct in the market for Bitcoin and Bitcoin futures. And so now, although the SEC has been ordered to reconsider Grayscale's application, the timeline for that happening is still extremely unclear. Indeed, in an interview with Bloomberg on Wednesday, Grayscale CEO Michael Sonnenshine said he didn't even know exactly how this process would work. Grayscale isn't even clear on whether it needs to submit a new application. Now after this ruling, the SEC has the next 45 days to appeal the order. And after that time, the court can provide more detail on how Grayscale's application should be dealt with. When it comes to markets, they are showing an increased conviction that GBTC will successfully convert into an ETF. On Tuesday, the GBTC discount closed to 17%, which is the slimmest margin since late 2021. Since then, the gap has widened by a few percentage points, but it's still a long way from the deepest discount of over 48%, which occurred in December of last year. Moving on to catch up on the latest FUD from Binance, yet another senior executive has resigned. Leon Fung, Binance's Asia -Pacific head, has parted ways with the exchange. Fung's resignation was initially leaked to Bloomberg before being publicly disclosed, and a Binance spokesperson declined to elaborate on his departure other than confirming the resignation. Fung had been responsible for Binance's recent push to expand into Asian markets, including Thailand, Japan, and South Korea. But since he maintains no active social media presence, it's unclear when he joined and left the exchange. Now, one thing we haven't mentioned recently as we've talked about Binance's various issues is that they have actually seen a fairly significant decline in market share over the past six months. In February, Binance enjoyed 63 % market share and spot crypto trading volume, but by August that number had slipped to 45%, with the shift mainly being captured by Huobi and Poloniex. Over in the world of BUSD, its days are numbered, with Binance winding down the white -label stablecoin. In a statement released on Thursday, Binance confirmed that support for the token would end in February of next year. BUSD was of course kneecapped by New York regulators at the beginning of this year, when Paxos was ordered to cease and desist, minting the stablecoin. Until now, Binance had not officially commented on the future of BUSD, which was still available on the centralized exchange and Binance Smart Chain. The decision to end support for BUSD in February is in line with Paxos' commitment to end redemptions at that time. In a statement, Binance encouraged users to convert their BUSD into other stablecoins ahead of the sunset date. The exchange promoted conversion to FDUSD at no cost and at a one -to -one peg. FDUSD is a new stablecoin issued by Hong Kong -based trust company First Digital that was launched in June and is featured in other Binance promotions since then. Staying on the theme of markets, Bitfinex launched a perpetual futures contract for Binance's BNB token on Thursday as well. And over the first day of trading, BNB fell by more than 4%. Investor Travis Kling tweeted, BNB has been trading for nearly six years and Paolo and the gang at Bitfinex waited until today to launch a perp on it. Cryptoskeptic CryptoHippo says, Tether is getting ready to obliterate CZ, an unbacked infinite money printing machine versus the biggest wash trading volume crypto exchange in the world. I'm going to put my money on Tether winning this fight. Expect sudden price drops on the Bitfinex BNB perp. Now the biggest mystery of this week was a sealed filing that showed up on the court docket of the SEC's lawsuit against Binance late on Monday night. We have, it should be clear, no information about the contents of the filing. Speculation on Tuesday covered a wide range of theories. Some thought the filing could simply be related to a dull procedural issue regarding discovery. Others thought the filing might involve sensitive material gathered by a criminal investigation conducted by the DOJ. Andrew at AP Abacus says, Update, sources state that the sealed Binance motions this week are riddled with heavy, heavy claims. One source said, Given the natures of the issues here, surprised that we, the SEC, are taking this on, should be in the hands of the DOJ at this point. Andrew adds that he was instructed to go back and look at Bizlato claims and indictments and then add scale. Bizlato was, of course, a tiny unknown exchange that engaged in money laundering for Russia dark web markets. Some evidence revealed ties between Bizlato and Binance. When the indictment was unsealed, the DOJ treated Bizlato as their crowning achievement with a flashy preannounced press conference. This caused, of course, widespread confusion within the crypto community, who basically, without exception, had never heard of the obscure exchange. Now, also on Thursday, the old lawsuit between the New York Department of Financial Services and Tether and Bitfinex also saw some action. This is the case which was brought by the regulator in April 2019, with allegations that Bitfinex had manipulated Bitcoin markets and Tether's reserves were lacking. The matter was settled in February 2021, with Tether agreeing to publish quarterly reserve attestations over the following two years. The court retained jurisdiction in case the matter needed to be reopened at a later date. This week, the regulator filed a heavily redacted motion with sealed evidence attached. Because the filing is secret, we only have a vague idea of what it relates to. Unredacted parts of the motion appear to relate to accounting irregularities and deficiencies, as well as a lack of clarity around loans between the two firms. The regulator has requested that Bitfinex prepare an unknown witness for testimony. Knapp -Jenner tweets, Now, of course, Sam's involvement as a potential witness against Tether, against Binance, are likely going to be part of the rumors surrounding all of these issues, right up until the moment it's either proven true or proven not true. Still, with that, let's shift over for a moment to the macro side of the house. Tuesday's Job Openings and Labor Turnover Survey showed cracks beginning to open up in what has been a surprisingly robust labor market. Nick Timaros, the chief economics correspondent at the Wall Street Journal, wrote, This is a JOLTS report the Fed will be pleased to see. Basically, this July, JOLTS report indicated that job openings across the US had decreased to 8 .8 million from 9 .17 million in June. This marks the sixth month of declines in open positions over the past seven months and the lowest level since March of 2021. Compounding the story of a softening labor market, June's job openings number was massively revised. When first reported, the data showed almost 9 .6 million open rolls across the labor market. That means the Fed is now looking at data that shows around 800 ,000 fewer job openings than the data available last month. Importantly, job openings has been frequently referenced as Fed Chair Jerome Powell's favorite metric for gauging the tightness of the labor market. The collapse in job openings over this year and accelerating into the summer should give the Fed some confidence that their policies are beginning to bring supply and demand for workers back into alignment. There are now just 1 .5 job openings for every unemployed worker. That ratio peaked above two during May of last year. This means that by this metric, the labor market is now at its weakest point in almost two years. Now this morning, we also got the non -farm payrolls report for August, and Bloomberg summed it up with an article titled US Jobs Report Signals Smooth Downshift in Labor Market. TLDR, employers in August added 187 ,000 jobs, slightly higher than the 170 ,000 anticipated. In addition to that, hundreds of thousands more joined the labor force, with a growing number unable to find work right away. As Bloomberg puts it, quote, combined with wage growth running at the slowest pace since early last year, the data illustrate why Americans are a little less upbeat about the job market. While hiring and incomes are still firm enough to bolster consumer spending, job openings have retreated and layoffs are picking up. This Bloomberg says gives the Fed room to pause interest rates later this month while keeping their options open for another rate hike before the end of the year. And that's basically what traders are anticipating, at least when it comes to September. Over in GDP land, US GDP for Q2 was revised on Wednesday down to a fairly middling 2 .1%. The second GDP estimate report from the Bureau of Economic Analysis trimmed the forecast down from 2 .4 % in the advanced estimate. Both household spending and gross domestic income rose for the quarter, with GDI reversing a negative trend over the previous two quarters. This metric typically tracks GDP closely, but a pretty significant gap has opened up over the past three quarters. Now, while the GDP number isn't stellar, it's also far from the recessionary conditions that were forecast for this year in late 2022. An almost consensus opinion among economics had the US hurtling towards a recession in the latter half of this year. So far, there are few signs that a recession will actually materialize. One of the most telling data points that indicates the US may be on track to avoid a recession has been the Atlanta Fed's GDP Now forecast. The estimate has Q3 GDP coming in at a blisteringly hot 5 .6 % currently, which is far above the blue chip consensus forecast, which was last reported at 1 .7 % in early August. Now, pretty interestingly, some economists believe that blockbuster entertainment consumption has provided a significant boost to Q3 GDP. Bloomberg economists wrote in a note this week that the combination of tours from Taylor Swift and Beyonce, as well as the dual hit movies Barbie and Oppenheimer, are believed to have added 8 .5 billion to GDP this quarter. Still, the note recognized that the economic strength driven by these cultural phenomenon is short -lived. The note said, A large chunk of the strength comes from temporary factors. These factors create a mirage of resilient consumption when in fact it's running out of steam. So, overall, it feels like the data are showing a leveling off across the board. Nothing is great, but nothing is also dramatically bad. The big question is whether this is moderation into a soft landing or something more of an inflection point. From the Fed's perspective, it certainly doesn't suggest anything alarming that would justify another September hike, but also nothing that would knock them out of the pause stance into actually considering cuts. The bigger questions are what happens in Q4, as things like student loans restart, employer retention credit might get repealed, and of course, Taylor Swift leaves the country. Just some of the things to watch as we move into this fall season, but for now, I am going to send you off into Labor Day weekend, full of brightness, optimism, and all the possibility that September brings.
Bloomberg Businessweek
Fresh update on "asia pacific" discussed on Bloomberg Businessweek
"Anshin's accountants and advisors provide the resources and guidance that you and your business need to meet today's challenges. Visit Anshin .com to contact us. If I could be you. And you could be me. For just one hour. If you could find a way. To get inside. Each other's mind. Walk a mile in my shoes. Walk a mile in my shoes. We've all felt left out. And for some, that feeling lasts more than a moment. We can change that. Learn how it belonging begins with us .org brought to you by the Ad Council. Walk mile a in my shoes. The data to an end. Bloomberg Intelligence's 10 companies to keep an eye on. The Bloomberg Intelligence podcast with Alex Deal Steele and Paul Sweeney. Economic uncertainty remains a headwind for global bank stocks. In -depth research on 2 ,000 companies across 130 industries. We're going to take a look at global life science technology. Let's turn now to climate change. Subscribe to Bloomberg Intelligence on Apple, Spotify, or wherever you get your podcasts. Bloomberg Radio. Context changes everything. At Oppenheimer, we focus the power The of power of our thinking on you. Creating customized plans to help achieve your goals. The power of Oppenheimer Thinking is boundless and original. Listening more closely and investing with the confidence of over a century of experience. Creating new opportunities that rely on innovation, preserving capital, and come from deep insights. Put the power of Oppenheimer Thinking into your investing. Call an Oppenheimer professional. you What are doing with your phone? Taking pictures? No, I'm asking it questions. Like what? Hey Bobo, do flowers have best friends? I'm sorry. I'm afraid I don't know that. Hey, follow me. I want to show you something. Look, flowers do have best friends. Whoa. Some answers can only be found in nature. Discover the unsearchable. Visit discovertheforest .org to find a trail near you. Brought to you by the United States Forest or Service and the Ad Council. The business and market news of Asia. China is urging the U .S. prioritize. to It's more important than ever. We're seeing mixed markets here in the Asia Pacific. This is where you get it. Energy stocks leading the Nikkei higher. Wake up with Bloomberg Daybreak Asia Edition. Available now on your podcast feed. Each weekday morning. Get the news you need to start your day in just 15 minutes. Subscribe to Bloomberg Daybreak
Bloomberg Radio New York - Recording Feed
Monitor Show 18:00 08-29-2023 18:00
"The over concentration in a country like taiwan for example makes me wonder what's going on behind the scenes in life boardrooms and companies around the world like how much they're doing and doing it quietly yeah but it's hard i mean how are they thinking about india now how are they thinking about india now it's a big market that's how they're thinking about it. We talked about it with the EV story uh... sounds like you're going to have a lot to talk about. Doug, thank you. Appreciate it. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. This is Bloomberg Daybreak Asia for this Wednesday August 30th in Hong Kong Tuesday August 29th in New York. Coming up today, disappointing economic numbers reduce bets on a U .S. rate hike. A U .S. court ruling paves the way for the first Bitcoin ETF. China's largest banks prepare to cut interest rates on existing mortgages and deposits to help shore up the economy. Vladimir Putin will be heading to China. Hurricane Idalia continues to strengthen in the Gulf before hitting Florida tomorrow. The ten drugs the government will negotiate prices for have now been named. While in sports, round one of the U .S. Open continues in New York. I'm Dan Schwartzman. I'll have news and sports coming up. That's all straight ahead on Bloomberg Daybreak Asia. On Bloomberg 1130 New York, Bloomberg 99 .1 Washington D .C., Bloomberg 106 .1 Boston, Bloomberg 960 San Francisco, Sirius XM 119, and around the world on BloombergRadio .com and via the Bloomberg Business Act. It's the Wednesday edition of a Daybreak Asia and if you're joining from the Asia Pacific good morning here in New York. It's a minute past 6 p .m. on Wall Street. I'm Doug Krisner at the Bloomberg Interactive Broker Studio.
Bloomberg Radio New York - Recording Feed
Monitor Show 18:00 08-18-2023 18:00
"A lot. They wear multiple hats and they're constantly running, but they really give it their all to our show. So we appreciate it. Don't forget Bloomberg Business Week on the weekend 8 a .m. Wall Street time tomorrow on Bloomberg Radio. You can also catch us on our podcast feed. Jess Metten. Always a blast. She's a Friday girl. That'll do it, guys. Have a good weekend for Bloomberg Business Week. I'm Carol Master with Jess Metten in for Tim Stenovick. Wall Street Week with David Weston starts right now. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. This is a Bloomberg money minute. You'll still be able to mute, but you won't be able to block accounts on X, the social media platform formerly known as Twitter. Owner Elon Musk now says blocking accounts will be deleted as a feature. He's not saying why. He does say, though, blocking will be available for direct messages. The United Auto Workers Union is pressing the Biden administration for a little help in its contentious contract talks with Detroit's big three automakers. UAW leader Sean Fain says President Biden and fellow Democrats should jump in on the side of the workers fight for better pay at battery plants, or they could see workers stop and listen when former President Trump says electric vehicles will, quote, decimate auto jobs. Ford, meantime, isn't going fully electric yet. It's unveiled the 2025 Ford Mustang GTD that boasts 800 horsepower and a price tag that's just as powerful. Three hundred thousand dollars on Wall Street. The Dow rose twenty six. The Nasdaq fell twenty six. The S &P dropped less than a point. John Doniger Bloomberg Radio. The business and market news of Asia. China is urging the U .S. to mend ties. It's more important than ever. We're seeing mixed markets here in the Asia Pacific. This is where you get it. It is the start of a new Asian trading week. Wake up with Bloomberg Daybreak Asia edition energy.
Cyber Security Weekly Podcast
A highlight from Episode 374 - AI in Security Operations
"As Jack Athik, the Cybersecurity Lead with Elastic for Asia Pacific. Thanks for joining us on our Tech and Sec Weekly. Thanks for having me Chris. Elastic is a very interesting company and your role as Cybersecurity Lead sounds just as interesting. We've had a pre -interview chat and there's a lot to cover off on here but we're going to be covering off on generative AI, the use of AI within a security context, a security operations center and this is on the back of the CISO Melbourne with Corinium that we were media partners with. So well done for getting involved with that as well. I saw some of the socials come off that. Maybe your role as Cybersecurity Lead and then we'll cover off on what you presented down in Melbourne. Yeah thanks Chris. So as Cybersecurity Lead for APAC at Elastic, my role is primarily to kind of work with some of our more strategic customers, you know some of the larger customers that we have in region. You know we work across government to FSI to telco all the way to education and digital native. So Elastic as a platform has broad relevance across the market and these means for me and my team is we get to engage with you know some of the senior practitioners, some of the executives in the cyber security teams to understand you know what some of their unique challenges are when it comes to doing preventative security, when it comes to doing you know threat detection and investigation that's actually fit for purpose across large complex environments. So I like to get my hands dirty and you know get really involved in some of those nitty -gritty details. But then I also got to do fun things like go to CISO Melbourne and talk about you know what AI means for cyber. So there's a lot of variation. Well that would be a question for me. What does it mean in this context? Now take it you take a relatively positive view. You know the technology cuts both ways in terms of its use by actors or threat actors but yeah what type of questions do you find sort of the CISO suite sort of asking you know what can we use this for? You know can we bring this you know this data set in and what will that mean? Yeah what's the sort of the key to the questions that they're asking at this stage? Yeah you're totally right. Let me start by saying this right. So AI is fairly it's still in the fairly early stages and when I'm talking about AI I'm specifically talking about the developments in things like large language models at the moment. It's a generative AI you know and you know it's we're about five six months potentially you know since it's really been the talk of a talk around town and a lot of people are kind of thinking look this is this sounds awesome I've you know taken it out for a spin and I know that it can be fairly compelling and powerful but I also know that there are some there are some pitfalls in this stuff like what can I actually do like how can I actually leverage this in my day to day? And you know let me kind of tell you the boring part first right there's there are no kind of you know brand new revelations or groundbreaking findings here you know. For me AI and LLMs in particular are just another tool in the arsenal that we have to kind of drive down some of the things that we've always been wanting to drive down. So if you if you kind of think back you know five 10 15 years right what what are the things that security teams have always wanted? If I think about it you know we've always wanted to minimize dwell time. If something bad happens I want to I want to minimize the amount of time that that thing has in the environment before before I find out.
The Hugh Hewitt Show: Highly Concentrated
A highlight from Former V.P. Mike Pence on Putin's threat to Poland and Biden's interference in Israeli politics
"Welcome to today's podcast, sponsored by Hillsdale College, all things Hillsdale, hillsdale .edu. I encourage you to take advantage of the many free online courses there. And of course, to listen to the Hillsdale dialogues, all of them at hughforhillsdale .com or just Google Apple, iTunes, and Hillsdale. Welcome back, America. I'm Hugh Hewitt, joined by former Vice President Mike Pence. Mr. Vice President, welcome back to the Hugh Hewitt Show. Hey, good to be with you, Hugh. Thanks for having me on. Well, I want everyone to go to mikepence2024 .com if they want to support you, if they want to learn about the campaign. We'll come back to the campaign in a second. But I'm not mistaken, Mr. Vice President, you and the former president are the only two people running for office who have ever received the daily brief, who understand, had all the clearances you could. So I want to ask you three national security questions this morning, beginning with the threat that Vladimir Putin made in the company of Lukashenko, the dictator of Belarus, that any attack on Belarus would be an attack on Russia. And then the Belarusian leader made the claim that the Wagner people in Belarus are wanting to go to Warsaw. What would be the obligation of the United States in the event that Wagner, Belarus, or Russian troops attacked Poland? Well, there's no question what the obligation would be under Article 5 of the NATO treaty. And that would be required to support Poland, we'd be required to be involved militarily. It's one of the reasons why I've said many times, I mean, Joe Biden has done a terrible job explaining what our interest is in Ukraine. He keeps giving these gauzy speeches about democracy. And for all the world, it sounds like another campaign speech and our interest there. And the reason why we should continue on an increasing basis to give the Ukrainian military what they need to repel the Russian invasion is because we never want to see the day that the Russian military, whether it's a Wagner group in Belarus or otherwise, crosses the border of a NATO country where our troops would be required to fight. I mean, that's how you get peace through strength, is by living out the Reagan doctrine, which always said, if you're willing to fight the communists on your grounds with your soldiers, we'll give you what you need to fight them there. So we don't have to fight them. And yet there are too many voices in our party that are sounding the retreat. They're willing to let Putin keep the land grab that he's made in Eastern Ukraine, willing to make promises. I heard my former running mate has announced over the weekend that he's willing to promise that Ukraine will never be in NATO. Look, in my opinion, the only thing Putin will understand is strength and providing those courageous fighters in Ukraine what they need to to repel the Russian invasion is the fastest way to security and preventing the day that American forces are actually required to go into battle in Europe again. What do you think Lukashenko and Putin are doing here? The Telegraph calls it a setup for a false flag operation or is it just mind games? Yeah, look, I would hardly ever counsel Hugh Hewitt on foreign policy, but you and I both know the only thing you can know for sure about anything coming out of Russia is you don't know for sure. Okay, well said. Nothing is as it seems. When you find out that after Ferguson does this supposed coup against Putin, now we found out in the last week that they apparently met a couple days later and had a conversation and the whole thing could have just been a put -up job for Putin to flush out his enemies in his own government. I wouldn't have put it past him. I do like what was once said by another presidential candidate. He said he looked into Putin's eyes and he didn't see his soul. He saw KGB. That's who you're dealing with and so nothing is as it seems in the acolyte state of Belarus that I just wouldn't trust him as far as I could throw him and that's why we just need to stay strong in this effort and continue to demand that the Biden administration stop dragging their feet on providing arms in Ukraine, which they've been doing for the last year and a half. Give those people what they need. They can win this war and secure the peace of Europe and the security of our country. Now Vivek Ramaswamy, who you'll be sharing a stage with on Friday at the Iowa GOP Lincoln and with all the other candidates are going to have their speeches in Iowa, Vivek was throwing shade on NATO this weekend on Fox News Sunday. Meanwhile, the US and 13 allies were holding a record -setting military exercise in Australia. It seems to me that this might be a time for us to expand our alliances, Mr. Vice President, not sever them. Well, we'll be strengthening our alliances. The last thing that we ought to do is try and secure peace in Ukraine by rewarding Vladimir Putin's naked and brutal invasion into that country by giving him the land and giving him promises never to have Ukraine be a part of NATO. Look, and this has everything to do with the wider world, Hugh. I mean, there's no question in my mind that if we end up capitulating to Putin's aggression, that will only embolden President Xi in his military ambitions in the Asia Pacific. And I just think this is one of those moments where we learned hard lessons in the first half of the 20th century where America, we thought we could hang back. We thought we could hang back within our borders and watch as the world became more unstable and unfurled. And we learned hard lessons than having to come into the fight, both in World War I and especially in World War II. And we won those fights for freedom, but we've secured the peace now for three quarters of because a century we've been willing to stand strong. We've been willing to be the arsenal of democracy. And if I'm president of the United States, I promise you we're going to live out that commitment of being leaders of the free world. And let me also say, I had a sporting debate on stage about a week or so with a former Fox News host that got some play on the Internet. I just don't think we have to choose between solving problems here at home, which is the economy that's failing, the border crisis, the crisis in energy, the crime wave in our cities. I don't think we have to choose between solving problems here at home and being the leader of the free world. We can do both. And anybody who says we can't has a pretty small view of the greatest nation on Earth. Now, Mr. Vice President, third, I'm playing rapid fire national security, but a lot happened this weekend. Right now they are voting in the Israeli Knesset on the reform of the Israeli Supreme Court. Got nothing to do with America. It's an internal Israeli domestic issue. Yesterday, President Biden told Israel to stop, slow down and not do that. And Tom Friedman, one of the most extraordinary columns ever in The New York Times, telling the president to address the dear President Biden that the October 1973 intervention by Richard Nixon to save Israel is what he's facing right now. He has to save Israel by getting by involved speaking the truth. What do you make of the intervention of an American president into the internal domestic politics and policy and judiciary of an ally? Look, I said many times and I was at Christians United for Israel a week ago, Hugh, and I was honored to receive some recognition there, Defender of Israel Award. I was humbled by that. Look, I was a part of the most pro -Israel administration in American history, I always would say. And I will tell you, if I'm president of the United States, if the world knows nothing else, the world will know this. America stands with Israel. And this preoccupation of Democrats, which literally goes back decades of trying to micromanage what's happening in the domestic politics in Israel, is wrongheaded. And it undermines a clear message to one of the most dangerous parts of the world of our commitment to our most cherished ally. I reject it categorically. I'm a great admirer of Prime Minister Benjamin Netanyahu. He's absolutely determined to see this this court reform through. And I think we ought to let Israel be Israel, let them sort these things out domestically. And our position should just be to always give them what they need to defend themselves, by themselves, and to make it clear in the region, in the world, that America stands with Israel. Period paragraph.
Bloomberg Radio New York
"asia pacific" Discussed on Bloomberg Radio New York
"All right, we are up in the running for the new year across the Asia Pacific with the exception here really in notable exceptions should say a four Japan public holiday there, but business as usual elsewhere and starting off the training day amongst the major benchmark ASX 200 Australian market pretty much unchanged at the moment in fact you could say it is on James entirely. Looking forward to a mixed bag here, we've got the Hong Kong market expected to open up about to the downside. That's from training gets underway for the first time this year. But a lot of this is going to be really predicated also on what the China does too, given that we had some horrible numbers coming out of the economy there with the PMI data, the official PMI data, showing a very, very big contraction with regards to the service side of the economy. We are looking also at the beige book there in China too with the them suggesting that the last month of the year showed a big, big fool in terms of economic growth. And that would of course be likely to be put to the doorstep of activity in the service sector with chip and those PMI numbers do indicate plunge the most since February of 2020. Yen also focus on a tear to the upside. That is a look at markets. Let's get more on what Chinese president Xi Jinping is warning of saying a tough COVID fight is on the cards and is acknowledging divisions at Baxter. The rest of the world needs
Bloomberg Radio New York
"asia pacific" Discussed on Bloomberg Radio New York
"Bit of a mixed picture in markets across the Asia Pacific today, Brian Curtis is taking a look, Brian. Yeah, a little bit of whipsaw action in risk assets in the Asia Pacific earlier. We had the China market sent Hong Kong trading higher. They've slipped now, the CSI 300 is trading down about two tenths of a percent. The hang seng index down a similar amount, 36 points, about two tenths of 1%. And then EK has been generally lower this morning, but the other markets like in Sydney, the ASX 200 is up three tenths of a percent New Zealand up 1%. The Taiwan and Singapore markets are slightly higher than tye X up about a quarter of 1% in the Cosby has been ahead about four tenths of a percent. If you put it all together, distill it down into the MSCI Asia Pacific index down about three tenths of 1%. The factory and non manufacturing activity in China was very weak and everybody knows the cause of that. It's the COVID cases running to the upside and the widespread curbs on movements, the restrictions that have damaged the economy. The official PMI fell to 48 this month. It's the lowest reading since April and worse than the estimate of 49 in a Bloomberg survey of economists. And the non manufacturing index which includes activity and construction and services declined to 46.7 from 48.7 in October. So that's a story that people may have known about but it's worse than anticipated. Right now you've got ten cent training down 1.4% Alibaba off 1.6%. Two winners, though, AIA the big insurance company up 2.4% and HSBC on disposing of its Canadian unit to RBC is up a little more than 2%. The dollar is generally weaker this morning, the yield on the ten year treasury three point 7 4% and oil 78 71 a barrel. Dug to you. And maybe a little bit of reluctance in markets today ahead of placing big bets in front of fed chair Jay Powell speech tomorrow in the U.S.. Let's get a preview now from Bloomberg's Michael McKee. When the fed chairman speaks, he usually moves markets, probably not this time though. Investors have firmly priced in a half percentage point increase in the fed's target rate, and none of the fed speakers in recent weeks has taken issue with that. What J Powell may want to do is set some guidelines for the new fed guidance on rates, coming December 14th. There is general agreement among policymakers, the ultimate level of the target rate will be higher than their last forecast of 4.6%. Markets now see it at 5%. Powell could offer guidance on whether that's about right. And about how long it would take, the fed to get there, like a McKee, Bloomberg daybreak, Asia. All right, it's now four minutes past the hour. Let's get a check of global news
Bloomberg Radio New York
"asia pacific" Discussed on Bloomberg Radio New York
"We are seeing weaker equity markets across the Asia Pacific. Somewhat reaction to the sell off that we had stateside Friday, the S&P 500 was down about 2%. That came after the University of Michigan reported a build in inflation expectations in the month of early October. I think that rate was now last reported at 5.1%. So the knee jerk reaction to sell risk and you sold the bond market as well, yield spike we had a ten year treasury topping out around 4.02%, were trading just under 4% now in the Tokyo session, so we are down in the case of the ten year by nearly three basis points. The two year also off by roughly three basis points here at four 46. That said, over the weekend, Jim bullard, the head of the St. Louis fed bank. Oh, left open the possibility of the fed raising rates. In November and December by 75 basis points at each meeting to be fair, though, mister bullard said it was a little too soon to make that call. The nikkei is down about 1.4% right now using the WE I function on the Bloomberg terminal. You can see clearly the decline is being led by healthcare along with materials and energy stocks in Seoul, the Cosby off about 6 tenths of 1% and in Sydney, the ASX 200 down about 1.6%. Non oil, domestic exports for Singapore rose at a slower pace in the month of September. We're talking about a gain of only 3.1% compared with the same period last year. If you break out electronics in and of themselves electronic exports slipped by 10.6% from last year, both numbers a little bit below what the market had been looking for will get to trading in a Singaporean equities at the top of the hour. We'll take another look at market action for you in about 15 minutes Ed Baxter next with a look at global news headlines, Eddie. All right, got your dog eye defiant. Xi Jinping, excuse me, tells the world that China is ready to stand its ground
Bloomberg Radio New York
"asia pacific" Discussed on Bloomberg Radio New York
"The markets, the global sell off deepens in Asia, Asian equities on track for 7 straight week of losses, the longest losing streak then since 2015, the MSCI Asia Pacific index is down 9 tenths of 1% after the S&P 500 yesterday hit a two year low, stock futures also looking pretty grim. NASDAQ features down a tenth S&P 500 even if futures down a tenth of 1%, the nikkei dropping more than 2% ten year treasury yield steady though at three 79, the dollar turns slightly firmer. The pound of racing early gains to consolidate now on cable around one 11 this morning, but our equity is still looking a bit complacent given all of the volatility that we've seen in Bond and currency markets. Well, let's get to our top stories and it is that rally in the pound that saw it briefly erased the losses made since quasi quire ten speech announcing sweeping tax cuts a week ago, Sterling gained more than 7% from its all time low on Monday of one O three 50, climbing to as high as one 12 and early Asian trading as Carlin was just saying it's just fallen slightly below that level since then. The Bank of England's barn purchases and the stabilization of guilty yields a big factor in soothing fears, according to strategists, the Chancellor defending his recent mini budget, despite the turmoil and markets. What we are focusing on is delivering the growth plan and making sure with things like our energy intervention that people ride across this country are protected. And without growth, you're not going to get the public services. We're not going to generate the income and the tax revenue to pay for the public services that we want to see. And that's why the mini budget was absolutely essential. That's the Chancellor quasi choir Tang separately the guardian is reporting that prime minister Les
Bloomberg Radio New York
"asia pacific" Discussed on Bloomberg Radio New York
"Inflation shock from yesterday, Asian stocks continuing to decline quite deeply in the red 2.1% lower for the MSCI, Asia Pacific index bonds and currencies also tumbling after the broad sell off on Wall Street, the S&P 500 dropped 4% yesterday the NASDAQ, more than 5% European stocks dropped one and a half percent of the clothes in London, U.S. stock futures now for Europe are also in the red once more, so down 7 tenths of 1%, although U.S. futures looking a little bit better. In terms of Japan's ten year bond yield, it's risen up to that limit from the BOJ of .25%. Do we get more FX intervention in Japan, a very big question, oil prices this morning tumble half of 1%, but it really is the fallout from that inflation data that is so crucial to markets today. And that is our top story, equity markets, having their worst day in two years on Tuesday afternoon inflation figures from the U.S. showed prices rising faster than had been expected. The August CPI figure was 8.3% down on July's number but higher than the median forecast. David Kelly's chief global strategy at JPMorgan asset management, he says the market's overreacting. Yes, it wasn't good news on inflation it was worse than expected, but the big trend here is coming down. I think financials are overreacting. I have no problem with the ten year treasury up near three 50. I think that's okay. But I think the assumption that somehow we're not dealing with inflation or is going to get worse. I think it's just wrong. David Kelly says he's expecting a 75 basis point hike from the Federal Reserve next week followed by a smaller increase in November. Economists at Nomura now say a hike as large as a hundred basis points is likely. Well, president Joe Biden did his best to put a positive spin on the inflation data, saying that the figures show progress in cooling prices, citing recent declines in fuel prices. Speaking of doing a planned celebration for his signature climate and tax bill, Biden had this to say. The stock
Bloomberg Radio New York
"asia pacific" Discussed on Bloomberg Radio New York
"The check on the markets for you. We are seeing some modest gains in Asia today after Cher's catching up on a rally went when Japan's trading was closed yesterday. The Asia Pacific index embassy gets up by half of 1%, this area, the nica in Tokyo by 2.3% in trading, we are looking ahead to the release of UK GDP figures in just an hour's time from now Sterling's trading at one 21 89 against the dollar looking at Wall Street futures, the S&P and E's are two tenths of 1% higher announced stock features up by a quarter of 1% as well. You're a stock 50 features, though, pointing negative this hour down by just a 20th of 1%. That's think about some of the top stories this morning and we'll get the latest GDP data for the UK in less than an hour's time, the economy is expected to have contracted in the second quarter. That reflects a decline in health output with the end of free COVID testing, softer retail spending, and the extra bank holiday in June which dragged on activity. Bloomberg economists forecast that GDP in June declined by 1.2% and by .2% for the quarter. Toy leadership candidate Liz truss is ruling out a fresh windfall tax on energy companies if she becomes prime minister, a rival Rishi sunak is vowing to find another 10 billion pounds to help households pay for soaring power bills, which could include an additional levy on big firms. Case bell from the trades union Congress thinks surging energy prices are swallowing up on a current government support. Fortunately, those costs have just kept going up and I don't think the government understands just the pressures that are facing families or the need for action now. We seem to have this kind of wait and see, you know, we'll wait till the autumn until people are really, you know, having to switch their heating off. That
Bloomberg Radio New York
"asia pacific" Discussed on Bloomberg Radio New York
"To finance and to your portfolio We're seeing mixed markets here in the Asia Pacific This is where you get it We're still struggling with these worries over the slower growth scenario Bloomberg daybreak Asia Tonight at 6 eastern Let's head over to Hong Kong for a market check On Bloomberg radio the Bloomberg business app and Bloomberg radio dot com This is a Bloomberg money minute Plentiful jobs and high inflation have more Americans un retiring The recruitment firm indeed hiring lab says over 3% of workers who were retired a year ago were back on the job last month Interest rate fear sent stocks lower ahead of the long weekend the Dow industrial spell 113 the S&P lost 54 the NASDAQ slumped 293 As it works the staff up ahead of an expected surge in air travel American Airlines is trying to train 70 pilots per week but it's short on instructors It's asking regular pilots to work on their days off to supervise trainees and flight simulators Their union is telling them to say no In most fields interns make little if any money But not on Wall Street the finance career website Wall Street oasis finds top investment firms boosted in turn paid by more than 37% this year one firm pays intern $16,000 a month Larry kofsky Bloomberg radio Melissa from Michigan I work an extra part time job serving lunch at my child's school But I still can't afford to put food on our table Daniel from California choosing whether to pay the rent or pay to fix the car to get to work doesn't leave us with much at all Now we can't even pay for meals Hunger is a story.
Bloomberg Radio New York
"asia pacific" Discussed on Bloomberg Radio New York
"Hi everybody It's Monday already Good morning to you if you're tuning in in the Asia Pacific as we get markets getting ready to open across the region and good day if you're listening elsewhere I'm Brian Curtis And I'm Rashad salamis in Hong Kong Taking a look at a variety of things at the moment and of course looking at possibly the specter of volatility once more let's find out more with the Brian Curtis Right rich let's take a look global bonds may follow U.S. treasuries lower on Friday We saw treasuries extending their losses partially helped by the fed's John Williams He commented that a 50 basis point hike is on the table at the fed Interestingly U.S. stocks posted a second weekly gain and those two are a little bit out of sync We'll see which one of those reconciles or changes first Asian equity futures are reasonably well supported this morning Next thing in the future is up 1.3% China futures are up about a half a percent S&P E minis have just started to trade and there are a couple of points to the upside And we'll get some cash trading in Sydney and a few in a few short moments Right now looking at currencies the Bloomberg dollar spot index is down about a tenth of 1% Dollar yen one 22 O 9 A lot of eyes on the end Retail investors are going along the yen while the rest of the world is shorting the end It yields on the ten year treasury was all the way up to 2.47% at the close on Friday and WTI crude $110 85 cents We mentioned Shanghai will lock down for mass testing That's one of the developments that could affect trading today Dozens of Hong Kong companies bracing for their shares to be suspended on Thursday is at least 73 companies that say they will not be able to report on time as due to COVID And we'll take a closer look at Bitcoin It's up over 46,000 now And some technical indicators have 45,000 as a key level and that it's above that like it is now that it will continue to rise Rashad over to you All right we're having a look at this mounting on a certainty at the moment around the Federal Reserve and that war in Ukraine but one currency in focus and we're talking about the yen With the bank of Japan maintaining its easing stance while the fed signals a faster path of rate hikes the yen has effectively hit the buffers falling nearly 6% this year and hitting its weakest level since 2015 last week That's even after the war in Ukraine weighs on risk appetite And there may be worse to come as if the bears are right Traders will get more insight into the fed's thinking this week with officials including Philadelphia fed president Patrick harker and Atlantic fed president Rafael Boston Speaking all due to speak actually Atlanta fed president there Looking at the end of the ¥122 Tencent buying you a dollar Well the Tesla plant in Shanghai is slamming on the brakes on production because of government restrictions Let's get the story from Bloomberg's Denise Pellegrini While production of the poem is being halted today as those COVID lockdowns intensify and the plant could be closed for days and then face staffing shortages even with a reopen This is Tesla's first Gigafactory outside the U.S. and the second time this month it's had to suspend production there China is Tesla's second largest market And the plan also builds tens of thousands of cars a month for export Unlikely though that Musk would defy Chinese officials the way he did in California when he reopened a plant in the spring of 2020 and dared authorities to arrest him Denise Pellegrini Bloomberg deprecation And I just wanted to mention that Tesla's stock in the last month has been up 24% Rashad All right we've just got to 5 minutes past the top of the hour President Joe Biden receiving criticism from Europe about him saying that Vladimir Putin can not remain in power at Baxter has that story in the rest of the global news Ed.
Bloomberg Radio New York
"asia pacific" Discussed on Bloomberg Radio New York
"Portfolio We're seeing mixed markets here in the Asia Pacific This is where you get it We're still struggling with these worries over the slower growth scenario Bloomberg daybreak Asia Tonight at 6 eastern Let's head over to Hong Kong for a market check On Bloomberg radio the Bloomberg business app and Bloomberg radio dot com This is balance of power on Bloomberg television and radio I'm David Weston Now keeping up to date with news from around the world here's the first word with Mark crumpton David thank you U.S. Secretary of State Antony Blinken is calling on the Kremlin to reject a Duma backed resolution calling on Russian president Vladimir Putin to recognize separatist entities in eastern Ukraine Secretary blinken says the measure would be quote a gross violation of international law that would break Russia's commitments under the Minsk agreements Secretary of Lincoln says the U.S. and its allies would have a quote swift and firm response if the resolution is enacted White House chief medical adviser doctor Anthony Fauci is sounding an optimistic tone Speaking at a briefing today Doctor Fauci said the dynamics of the COVID-19 outbreak in the United States are pointing sharply downward and NBC is reporting that the Centers for Disease Control is expected to loosen its indoor masking guidelines as early as next week Europe is gradually leaving pandemic restrictions behind Germany is set to become the latest in the region to unwind regulations that have disrupted life for two years Switzerland will scrap almost all pandemic related rules as of tomorrow including the need for COVID documentation to enter the country Austria and the Netherlands have announced similar steps In Canada's capital police are warning demonstrators camped out on the streets that they must leave immediately or be subject to arrest That's under new emergency powers invoked by prime minister Justin Trudeau and Ontario's provincial government The warning delivered today on flyers handed out in the protest zone reflects a more aggressive approach by law enforcement after Ottawa police chief Peter slowly resigned on Tuesday Global news 24 hours a day on air and on Bloomberg quick take powered by more than 2700 journalists and analysts and over 120 countries by Mark crumpton this is Bloomberg David Thank you so much Mark.
Bloomberg Radio New York
"asia pacific" Discussed on Bloomberg Radio New York
"On sentiment in the Asia Pacific It's not all that easy to figure out exactly what's driving it We have had some positive comments like for instance from Pfizer's CEO that he's optimistic life may be getting back to normal It may be that more and more investors are thinking that omicron is something that can be navigated by global markets and more and more countries are turning away from COVID zero It's really only Hong Kong and China that are practicing it in such a rigorous faction Fashion It might also be that JPMorgan says that the earnings are going to make you forget about some of these risks that the doomsayers are telling you about Not quite sure but anyway the markets are higher than hanging indexes up 92 points about four tenths of 1% The Hanks hang tech index is up 1.3% It could be the dogs of the Dow sort of there because as I mentioned earlier you've got the hanging index rallying 4% year to date And that's not something we've seen really in the xing index or about the past 24 months It's been a real underperformer and it's outperforming the S&P 500 by 6 percentage points Now the CSI 300 up 8 tenths of 1% the Shanghai comp up of 6 tenths of a percent EK up 9 tenths of a percent Essentially all the markets are higher except for sold cost B is trading down about two tenths of 1% We have yields up the yield on the two year 1.01% It's been a while It's been two years since we've seen the two year over up into those levels And you've got the yield on the ten year at one point A 2% Also oil is up to $84 and 98 cents It's the highest level we've seen since 2014 the market is tightening one final note the BOJ will probably signal some rising price pressures We have inflation expectations are high in Japan IS that we've seen in a while And that is your check of markets Let's get news with that backstreet San Francisco right All right Brian thank you The National Basketball Association has found itself in China link controversy once again after serial dealmaker chamath Paula hattie on a podcast dismissed concerns over human rights accusing facing Uyghurs in China saying nobody cares about what's happening to the Uighurs okay I'm telling you a very hard ugly truth of all the things I care about Yes it is below my line Now he is a limited partner in the Golden State Warriors all the news stories that say he's an owner are not totally accurate He's a limited partner.
Bloomberg Radio New York
"asia pacific" Discussed on Bloomberg Radio New York
"Flash and European equity markets making a decent start to their trading session up by half a percent across the stock 600 the Betsy 100 up by 7 tenths of a percent the cake are on top by half a percent the Dax up by three tenths the ibex from the FTSE mid both higher so all of the major markets in Europe making moves to the upside How long will that last four Well we're without the U.S. equity markets today It's public holiday over in the United States so no trading there U.S. features though are pretty flat actually that they're not indicated where we open up later today but we will keep an eye on those as we get through today's session and into tomorrow's MSCI Asia Pacific was a little bit under pressure pretty mixed actually through the Asian equity session down by an 8th of a percent or so by the close we had a lot of data coming out of China's deal with and we saw some stimulus activity from the PBOC the GDP number coming in above expectations with retail sales really coming in below estimates and that was something that perhaps the PBOC wanted to respond to The oil prices in focus up by another two tenths of 1% 86 20 will it get up to a 7 year high on the oil price we have no cash treasuries trading we do have futures trading at that suggests a continued focus on higher interest rates from here A lot of people asking questions about how many hikes we'll get In 2022 and whether we'll see any outsize hikes sir there is some talk about whether it's possible to get a 50 basis point hike in March of course that is not the market space assumption right now The dollar is a little weak of this morning the Euro up by two tenths of 1% one 1431 the pound pretty flat one 36 83 That is a business fashion A business lash now is Leanne guerins with more and what's going on around the world And a good.
Bloomberg Radio New York
"asia pacific" Discussed on Bloomberg Radio New York
"Hi everybody 47 minutes past the hour we have the market share record rower here on the show and in fact all throughout the day on Cooper radio Asian stocks are edging higher but it's a little bit of a standoff here The MSCI Asia Pacific index is off just a tenth of 1% The nikkei is dragging shares down across the region off about 6 tenths of a percent but the ASX 200 is up half a percent and we have gains in Seoul as well Cost me there up about a tenth of 1% In the United States we had a very strong inflation print of 7% and the only thing was that that was more or less expected and it was almost like the market expressed a sigh of relief that it wasn't worse So we saw during that session Tesla alphabet Microsoft caterpillar among the best performers And in fact every sector was higher in the U.S. except for healthcare and the Bloomberg commodity index jumped 1.6% Looking at that commodity index at the moment that is trading Let's see we've got a print here of one O 4.41 so up 1.61% The yield on the ten year treasury was up just a little and the dollar was down sharply so the yield on the tenure one 75 and the blue McDonald's spotted an extra down 6 tenths of a percent That was the worst day that suffered since last year in May Dolly in here one 1466 So that's kind of a snapshot of markets It's just still early We've got a lot more markets to go and the China futures in Hong Kong futures are sharply higher That's your look at markets It's time now for news At Baxter with the top stories making headlines all right thank you Brian U.S. says it is monitoring very carefully The China lockdowns and their effects on the supply chain They say so far the effects seem to be local in China but they are seeing global ripples so monitoring Russia U.S. NATO talks.
Mark Levin
China Military Spending Surges, Larger Than South-East Asian Countries
"Now we have talked about Russia But there's an access of evil out there As they used to call the old access of evil of course but it's more than an access but nonetheless More than three countries But right now I'll distress Russia China and Iran And over breitbart here's a report China military spending surge Now 50% larger than India Japan Taiwan Southeast Asia combined Now that's frightening Because China has all of them in its target in its hair China's determined a match is aggressive military talk in Southeast Asia was spending Report by the Lowe institute in Australia Of course we're not going to get it for the center for American progress Most of the American media shows in 2021 it achieved just that as other reports indicate Beijing is looking to establish its first permanent military presence on the Atlantic Ocean a tiny Central African country of Ecuador Guiana According to the latest Asia power index China's military financial outlay is more than 50% bigger than the countries I've already mentioned to you In its annual report the U.S. remained the most powerful country in the Asia Pacific region with China coming in second place after steadily growing influence on the index in recent years
Bloomberg Radio New York
"asia pacific" Discussed on Bloomberg Radio New York
"Hi everybody 47 minutes past the hour We update markets every quarter hour here on Bloomberg radio and we're looking at markets that are recovering pretty quickly in the Asia Pacific the MSCI a specific index is now essentially flat just down a smidge less than a tenth of 1% Markets that are solidly in the green now include Taiwan of 8 tenths of 1% We see the cost be up 6 tenths of a percent and even the hexing index which opened lower is now trading up about three tenths of 1% U.S. markets were a somewhat jolted by the first confirmed U.S. case of the new variant and the emergence of that has brought out some new challenges for economic reopening Really everywhere but it was quite a shock in the United States and at the same time you have the fed chief drone Powell reiterating it officials should consider a faster reduction of monetary stimulus Hence a lot of selling in the U.S. and not all that much in Asia The NASDAQ was down 1.8% and here we go most of the markets are now higher We do have some losses in Tokyo the nikkei off about 6 tenths of a percent and the ASX 200 in Sydney down about four tenths of 1% The U.S. dollar is a little weaker now dalian one 1305 so that's the dollar recovering a little bit of strength against the yen the Euro trading at a dollar 1324 and the Aussie at 71.15 U.S. cents WTI crude over $66 now a barrel Brent 68 93 the yield on the ten year treasury 1.42% Well Kathy wood is stepped up the buying of Twitter as the stock slumped to its lowest in a year but who is buying Alibaba The stock is down another three and a half percent in the Hong Kong market at one 21 30 it is approaching being down 65% from its all time high last year and that is check of markets It backs with news in San Francisco Ed Yeah okay Brian thank you a first omicron variant case in the United States has been located in California the CDC says all contact tracing has turned up negative no other related cases doctor Anthony Fauci says this on the event was inevitable the best line of defense is vaccination the WHO says the same thing A couple of headlines are just moving up on the Bloomberg terminal saying that Australia is health is saying that there is no sign that home across is any deadlier than the delta variant and also the terminal just move Well that means a lot more information going up There it is South Korea has a mold Manning gathering cutting business Again they're just mulling it at this point Indonesia to impose ten day quarantine for foreign travelers meanwhile South African cases have doubled as omicron spreads Germany's Chancellor Angela Merkel is stepping up pressure on the unvexed EU commission president Ursula von der leyen is saying that it is time for discussion on mandatory vaccination The Biden administration's Asia's archer Campbell is saying that August the partnership between the U.S. Australia and UK is defining effort against China U.S. and EU officials are going to discuss a joint approach to China tomorrow and what's being called high level dialog former Japanese prime minister Shinzo Abe has says China is if China were to invade Taiwan it would be its own economic suicide U.S..
Bloomberg Radio New York
"asia pacific" Discussed on Bloomberg Radio New York
"From boom bugs European headquarters in the City of London and lower right with this Bloomberg radio business flash the MSCI Asia Pacific up 7 tenths of a percent the main story in the session right now is that RBA decision to end yield curve targets govern a low talking about genuine uncertainty over the first rate rise Oxford economics predicting 2023 will see that first rate hike Right now Aussie ten years yielding 1.880% down a basis point The Aussie is down 6 tenths of a percent against the dollar at a spot 747 5 handled In the Asian session right now things are turning increasingly bearish the Nikki two two 5 down a half of 8% The CSI 300 down one and a half percent news that Beijing is shutting a number of schools because of COVID concerns and the hang sank just dipped into negative territory thus despite a rebound in the NASDAQ golden China dragon index overnight rebounding 4% looking ahead to futures market You're a stock 50 futures down a tenth of a percent it's a heavy day of European earnings standard chartered BP and SME 500 features up a tenth of 8% U.S. benchmark ten year treasury yielding 1.551% iron or commodity feeling the most pain right now down 6% Singapore iron ore futures priced at $93 a ton That's the Bloomberg radio business flash here is Hannah dawn with the world who's morning Hannah Good morning Laura Brazil will sign the global methane pledge making it the second largest emitter after the U.S. to join an agreement to slash release of the gas 30% by.
Bloomberg Radio New York
"asia pacific" Discussed on Bloomberg Radio New York
"This is one of favorite Middle East Our top stories this morning Asia Pacific equities start the week in the green with travel stalks taking flights amid reopening plans Meanwhile the Hong Kong chief executive Carrie lam tells Bloomberg that presumably traveled too many China is the top priority Cuts its forecast for U.S. growth this year and next blaming delayed recovery on consumer spending And Saudi Arabia's first $1 billion IPO since our ramco is set to start trading in Riyadh today We're going to look ahead to the aqua power debut Let's get into those markets how referring has the risk reward scenario this Monday morning Jill's is in Singapore Juliet we risk on risk off We are certainly risk on today Let's have a look at all of this green we're seeing across the screens The MSCI Asia Pacific index higher for a third session seeing a particularly good rally coming through in Japanese equities today on a week at yen and also some of these concerns about the capital's gains tax being alleviated in Japan You've also got this big move that you were just talking about in the airline index here in Asia We of course heard that Singapore is going to open up Malaysia also looking to an Australia flagging international travel resuming too So that index actually jumping the most since May A little bit of a concerns alleviated too for the Beijing regulatory crackdown on Hong Kong tech stocks which is giving a boost to that sector too And then of course we're watching this big move coming through in coal futures to in China surging to a record we saw those devastating floods as swamp a number of mines over the weekend 60 of the 682 coal mines in Shang Shi shut due to those heavy rains use of Yeah we saw some dramatic images of course in the last few hours from that part of the world But in terms of concerns elsewhere I mean specifically in the China property sector more downgrades for fantastic It just can't seem to catch a break What's the latest Yeah it had a number of downgrades coming through from a taser from the likes of moody's They have a negative outlook also triple C minus coming through from Fitch and now we're hearing as well from China Qing shing international putting fantasia group China on a watch for possible downgrade and saying that these unpaid dollar bonds which really rattled the market sentiment last week have a significant impact on fantasia group's China credit quality So this really leads through to the contagion effect But when you look at my GTV chart we are actually seeing decoupling within China's credit market So it shows that credit distress is contained somewhat in the real estate sector China's investment grade bonds which is that yellow line seeing no contagion from the junk bonds which is the blue line Yusuf Thank you very much for that tools Let's get back to this part of the world Talk about aqua power now Saudi Arabia's first $1 billion initial public offering since Aramco that's set to start training in Rhea today The IPO has drawn interest from investors looking for exposure to a business seen as key to the kingdom's plans to diversify its economy away from oil Let's head out to Tarek for a lot of like good friend of the program he's in the asset management Middle East CEO Tara he saw a lot of demand for this particular play Does it justify the relatively high valuations especially when you compare some of the Saudi metrics with the MSCI emerging market index Good morning Yusuf The first thing to say is that aqua power is an outstanding success story 15 years ago the company didn't even exist It reinvented the power sector in Saudi Arabia and has gone on to become an international success with assets all around the world.
Bloomberg Radio New York
"asia pacific" Discussed on Bloomberg Radio New York
"Wright says the Asia Pacific gets underway U.S. cash markets quite a massive pop there Doug where you are and looking at futures right now Slightly bit I see you have been up here Definitely a lot.
Forum
U.S. stock futures mixed as market shrugs off inflation report
"Wall Street stocks close mostly higher in training Wednesday with decliners led by technology shares. The Dow Jones industrials gained 220 points. The NASDAQ lost 22. The S and P. 500 added. 10 U. S futures are flat and after hours trading, Asia Pacific markets are
Bloomberg Daybreak Europe
TEST 2 Been able to do without those three minds coming together and solving a problem <Advertisement>
"Been able to do without those three minds coming together and solving a problem is one rather than solving it in isolation and jit New Jersey Institute of Technology Learn MORE AT N J I t dot e d u Broadcasting 24 hours a day at Bloomberg Com on the Bloomberg business APP and at Bloomberg Quick Take This is Bloomberg Radio. This is Bloomberg. Daybreak Europe. We expect economic activity to accelerate in the second half of this year, you could probably waiting until the autumn for a potential first adjustment. The national approach has been working when it comes to restrictions, the warning that there can't be a national recovery without a London recovery. This relationship between the US and the UK it's strong. It's got very, very deep roots. It'll stay strong. Bloomberg Daybreak Europe on Bloomberg Radio. Good morning from London. I'm Ana Edwards. And I'm Roger hearing in your listening to Daybreak. Europe live on London Digital radio, and we checked the markets for you every 15 minutes here on Bloomberg radio. So let's get straight to that, Shall we? European equity markets, then Roger up by 3/10 of 1%. Not so for the London market fairly flat, actually in London, but elsewhere. We're making some better gains on the major markets to the cat around up by 4/10 of a percent. This after tax up by an eight the first email also up by 2/10 of a percent, and, in fact, the IBEX now joining the footsie and being a little lackluster today, down by 1/10 of a percent over in Madrid, US futures point to something flats are positive up by around an 8% on E Minis, Dow futures and NASDAQ futures pointing higher by around 1/10 of a percent. The S E. Asia Pacific index entirely flat are not giving us a great deal of of momentum as we move into the European session but actually allowing the European session to reflect on to Sort of converging and divergent forces that we have driving things right now. On the one hand, there's a concern around clamp down on so called vice stocks in China that's weighing on the Hong Kong market. There's also concern about the spread of the delta variance in China, and we know the reaction function that that then could prompt from Chinese authorities. So there's concern about growth in China. All of that sounds pretty negative, but that rubs up against what's been a fairly solid earnings season. Four European corporate in a number of European companies upgrading their guidance. And even those in the sectors where they're concerned around Chip supply shortage the messages that they want to be able to produce more so there's a lot of positive narratives coming out of the earnings season. And that seems to be taking the limelight so European equity markets edging higher this morning at the oil price, recovering a little bit from some of its earlier weakness. 70 44 is where we trade on brands up 1/10 of a percent. The U. S 10 year yield. It was down as low as 1.13%, then moved a little higher on some comments that were perceived as a little more hawkish from Clara during the feds were 1 18 on the 10 year yield. Right now, the dollar flat to negative so down by around 10 per cent on the Dollar Index and the Bloomberg Dollar Index the pound little stronger on Bank of England today, Roger Well, speaking of the Bank of England, it is decision day today, and one question will be course which central banks going to be the first to the Taper Trigger? Will Bank of England policymakers seem likely to favour patients? Michael Saunders is set to be perhaps alone dissenting voice. They're calling for an immediate end to the bond buying program. Let's bring ourselves Up to speed because we can go straight to the bank outside the bank. In fact, Bloomberg's UK economy reporter Lizzie Burton joins us now, Lizzie Good morning and thanks for being with us. What are we expecting from the Bank of England today? The drugs are set to dominate. Today. We're expecting a unanimous vote to keep interest rates on hold at North 0.1% and I'm bond buying a 71 split with Michael Saunders. This time, as you say the sole dissenter in favor of ending stimulus early he'll take the hawkish man told that Chief
Unconfirmed: Insights and Analysis From the Top Minds in Crypto
Why Asia Is So Important to Crypto
"Recently wrote a report on asia's crypto landscape. Can you give us a broad overview of wyan. How asia is such an important geography in crypto. Yeah absolutely actually. My background is Traditional finance and i spent maybe about fifteen years Focus on equities in terms of all. The companies are all the countries in asia pacific. So i was always very well. Acquainted with the cultures and also the different politics than macro economic structures of the different countries. There was sometimes what. I take for granted in terms of understanding the market. I find that a lot of my colleagues or a lot of my friends in the us or europe might not necessarily know what's happening in asia. And so i think a couple of interesting pointers is that for example like you know by december last year. Forty two percent of the market cap of the top twenty tokens that actually had a headquarters. Basically was from asia. Think now says also said that forty three percent global transactions are from asia and then also a lot of all a lot of asian companies basically dominate. The future space so ninety. Eight percent of futures is based in asia. I think people don't understand that tether is based in asia. Polkadot has a lot of supporters in asia. And so a lot of tokens might have Yeah a lot of tournaments might see a lot of funding from asian investors in asian companies. Although i think the media mostly picks up you know. Us in europe and so this this report tries to cover some of the stuff that we might miss asia
Cyber Security Headlines
SolarWinds Office 365 environment compromised
"Microsoft sees a rise in business email compromise attacks on schools. The company said it saw spike in email scams soliciting gift cards towards k. Through twelve schoolteachers. These emails could pose as friends or colleagues asking the teacher to purchase the gift cards using a combination of publicly available school and teacher information and free email services to generate the messages. According to microsoft's the same threat actors attempted similar schemes using covid nineteen related laws last year. Classy folks security researchers say. They've seen a rise in attacks for over a year with universities also increasingly targeted. Facebook takes a proactive stance after myanmar coup. According to an internal message from facebook's director of public policy in the asia pacific region rebel frankel the company outlined new steps to crack down on users trying to spread misinformation and meant further violence. The company has labeled myanmar a temporary high risk location for two weeks under which facebook will remove content that incites violence washington. Dc received a similar designation in the wake of the january sixth capital riots. The company pledged to protect post critical of the military coup and track accounts hacked or taken over by the military solar. Ceo says it's email systems. Were compromised for months. So the ones is still unraveling. How threat actors were able to compromise it. Software supply chain. The latest update comes from new. Ceo sunday car ramakrishna who disclosed in an interview. A few compromised email accounts were used as a beachhead to compromise. The company's broader office three sixty five environment this initial compromise dates back to december two thousand. Nineteen he furthered. The company is investigating if this was the initial entry of the attackers to its network. Or if it occurred earlier he also confirmed that solar winds was investigating a single report of a hacker adding the separate flaw using the reason attack on the national finance center. We reported on yesterday when it learned the larger supply chain attack. in december. three more solomon's vulnerabilities found security. Researchers at trust ray reported on three previously orion vulnerabilities which were originally reported to solar winds in december with patches issued this week the most serious was a remote code execution flaw that only required remote access allowing attackers using improperly installed microsoft messaging queue to send commands for a server to execute other two required local access with one allowing read write access to solar winds serve you. Ftp while the other prayed on insecurity start credentials to the orion local database
Airplane Geeks Podcast
We Finally Know Exactly How Bad The Pandemic Has Been for Airline Pilots
"We see in plane and pilot magazine. We finally know exactly how bad the pandemic has been for. Airline pilots and the numbers here are pretty staggering and eliminating max indeed. I was really quite stunned to take a look and see. Just how bad things are. I mean we all know that the airlines have been hit disproportionately hard here during the pandemic that know some pilots have been out of work. This was a survey done by goose. Which is a pilot. Recruitment firm not for birds but for a and they found that nearly half of all pilots worldwide. Either looking for work or on furlough which was shocking to me. They said that thirty percent of the people surveyed were out of work and looking and other seventeen percents that they were furloughed awaiting further news and additional. Six percents said they were still employed with their airline. But we're doing non-flying works pretty stunning. Half half the pilots Basically out of work or looking for work in this comes from a survey of two thousand five hundred ninety eight pilots. This survey was open for four weeks just to kind of set. The timeframe in it closed october thirtieth twenty twenty and it was anonymous survey thirty questions and the survey was designed for pilots of all ranks. First officers second officers and cadets in some of the data in this is just really really fascinating and we'll have a link to the survey report which was done in conjunction with flake global. And a you just peruse some of this and find some really really interesting interesting things but By way of demographics of those almost twenty six hundred pilots forty-three percent of the respondents were in europe. Nineteen percent from the middle east and africa eighteen from asia pacific Twelve percent from north. America six percent from south america and two percent from china. So it's pretty Pretty global in the survey touches on things like pilot retention pilot job security employee engagement even Stress mental health wellbeing things like that so Some really really interesting statistics Couple of the ones that i like. Maybe if you guys saw some things that piqued your interest but one of the questions was when do you think aviation will make a full recovery to pre covid levels and not. Surprisingly only ten percent said up to one year the biggest spike was up to two years. Thirty four percent of the pilots thought up to two years but twenty eight percent up to three years and longer than that twelve percent four years. Ten percent five years and six percent said they thought it would never never be the same So that's the pilot's perspective. No one was. Do you think your mental health has been affected by the pandemic and here there is a direct correlation between the age of the pilot and the pursuit pilots that group in In how many of them thought that their mental health had been a acted for those pilots. Fifty five to sixty four years old thirty. Two percent thought their mental health had been affected for pilots forty five to fifty four years old but younger thirty six percent when we go down to thirty five to forty four year olds forty four percent of them thought. Their mental health has affected in the twenty five to thirty four year old group forty-nine percent and pilots under twenty four years old fifty eight percent of them thought their mental health had been affected by the pandemic so. I thought that was a really interesting result. I wasn't totally surprised by the The differences once. You mentioned the difference. I thought okay but it's the younger folks are having a tougher time. Think about someone who's twenty four years old this may be the first In a bad thing that's happened to them in their in their career folks are in their mid fifty s have probably gone through multiple things in the past and probably a better able to to ride through a downturn whereas you know young folks just not have that cushion of You know savings built up to right through. Its doesn't surprise me but still it's a large large number folks nearly six percent under a twenty-four saying mental health. Been impacted the the demographics of the respondents in terms of gender. Was you know the numbers are kind like the same numbers we've seen for a long time. Almost all male four percent female in one percent preferred not to say. I'm not sure why they would prefer not to say in. An anonymous survey but four percent identified themselves as female Which really kind of hope that that number would be coming up. Ron wouldn't when you're looking at programs With youth today. do you see more. young girls. Becoming interested involve is that number higher than four percent. I hope well Here were making a concerted effort to make sure it's higher than four percent Right now we're preparing for Air venture and we've got A program within the air venture program called girl venture We've also got One for adults named Women's sore And between those two we really want to invite women to get more involved and engaged in aviation and so We see a higher than i would say. Four percent level here
Cyber Security Weekly Podcast
Artificial Intelligence and Digital Transformation at Rolls-Royce
"Welcome to the cyber-security weekly podcast. I'm jay leno podcasting from singapore today and today we are very privileged to have dr becky bengal who is the president of south east asia pacific and south korea at rose to join us in the podcast. He repeats sharing with us. The work in a digital transformation and the recent ai breakthrough in ethics and trustworthiness at ross writes thank. You thought the bengals for joining us in the podcast today to be here for many of our listeners. dr bandou rose. Rice name has a long lasting romance and history going back to the first car built more than one hundred years ago but the motos business was separated out some time ago in nine thousand nine hundred seventy three. I believe and rose rises. Now in the business of pioneering the power that matters so tell us more about the journey business. That rose is in today and your role as the president of south east asia pacific and south korea at rose rice. Well has been rooted in engineering since we established in eighteen. Eighty four and this expertise has evolved the business to become one of the world's leading industrial technology company that we today and as the president for the region covering southeast asia pacific and south korea. I'm responsible for the regional strategy our external relations and governance of all our operations across the three businesses that we have civil aerospace is one of them manufactures of ever engines for large commercial aircraft on our regional jets and business aviation and we have decades of engineering expertise to take us through life through life. Service and support solutions for customers in the defense were market-leading aero-engines for military transferring control labor's including combat helicopter applications. I'm needles and power systems. Where leading provider of high speed reciprocating engines providing complete propulsion systems distributed energy solutions. So you can say that we. We have a diverse but volume that includes civil defense and power system and it is because w that our activities have tremendous impact on the world today and tomorrow we have always pursued clean safe and competitive solutions and we believe our technology will be fundamental in helping society transition to the low carbon future. And we're not going to do this on our own. We're going to do this. In partnerships and global partnerships to collaborate and co create solutions and with the regional hub. That we have here in singapore. We've developed collaborations with government agencies untucked -demia like a star and anti eu and us to pursue advanced research and technology in daytime smart manufacturing electrical systems. You touch on engine. That paolo many other products across the road strikes businesses. And i believe including aircraft of course and i imagine that you have been collecting analyzing the performance data of your engines for that case and in fact i see from one of your rolls royce presentation that you have been collecting data for some seventy trillion data points across twenty-sixth dimensions on your engines. So i think our listeners will be interested to know how you been. Harnessing that power data to make sense of this of information and into insight and action. And i believe in many ways is supplying the data to a machine learning throughout the life cycle of the engine from the initial stage of designed to manufacturing to maintenance repair. Overhaul that's right so we we've been applying data analytics for more than thirty years and using ai. With our real time engine. Health monitoring system but service w. lunch to back in nineteen ninety nine and our ai. Capabilities are deeply embedded into products and services so they aren't visible And not widely. Now we're able to monitor six thousand to eight thousand flights every day which is equivalent to monitoring three thousand engines in the sky at any one time so we have multiple sensors on board that continuously relay inflammation with were able to analyze five million data promises from our engines every day and we used to provide insights to our engineers for future development and services that we provide for our customers. But it's not just about the asian and the behavioral for engines. Current work includes applying a with a dedicated team that we have inside rolls royce school the day to labs to improve the risk management in supply chains predict market demand improved the efficiency of our operations and more recently nepal systems. Father of the business. We've been applying a on microbes making our industrial powered technology more reliable and sustainable and in the future we see a. I will continue to evolve. Play a bigger role especially as we saw increasing use of cloud based services which will be governed by data ethics framework and this becomes really essential and today more than two hundred projects that are starting to apply more and more of Framework so
Outcomes Rocket
2020s MedTech Innovation Winner with Paul Grand of MedTech Innovator
"Hey welcome back. Outcomes rocket listeners and viewers glad you have tune in again today. I have the privilege of having to guests one. He's a repeat offender here on the podcast. A good friend of mine paul grand. He's the founder and ceo medic innovator. They're the premier nonprofit accelerator in the metric industry that really seeks to improve the lives of patients by advancing companies poised to transform the healthcare system and also on the podcast. We have annalisa samarra. She's the c o rayo's who will actually the winner of midtech challenge and we're gonna dive into how that happened. And what that means but misnomer brings over twenty years experience working with startups in different capacities including biomedical research. Venture capital technology transfer operations and more in. Her interest is leaning startups. It really stems from ortho. Cell technologies a medical device company. She co founded in two thousand five obviously is passionate about making healthcare. Better hydrocephalus is what she's tackling with radios and you'll learn a little bit more about what they're doing at that company through annalisa so i wanna just start off by thanking both of you for being with us today. Thank you for having a saw It's great to be back on the outcomes rocket and it gets some time with you as always so. Let's check guys. It was a long run. We were together in february. In fact paul annalisa like we were in the same room. We recorded some interviews. It was fun. The energy was high and here. We are in october. And you know it's eight months later. The contest is over. Why don't you give us a summary of what happened paul. And some highlights and then we could lead into annalisa and and some of her insights sure yet. Thanks saw i mean. It's hard to believe that was eight months ago in some ways it seems like two months ago in some ways it seems like three years ago all the events the pandemic and everything. It's been happening since then. We are fortunate to be there in chicago or in person right before things got bad with covid and we had to go fully virtual on rested at road tour. So yeah what's happened to between we went through the process of evaluating over a thousand companies meeting with a couple of hundred person. We then move onto an incredibly fruitful. But you know challenging in many ways program where we do what we do every year arena. We find all this incredible companies. We partner them up with some of the leading strategic and providers and other people in our industry as mentors and advisors and we run this program that we typically do. We've been doing now for six years as a virtual accelerator but we depend on a lot of big in person events as well so that one february is one of the last ones that we got to do this year in person and we had to do everything else virtually but when incredibly well we selected fifty companies in our main program who were part of the primary toward and then we had another twelve companies on top of that that were just part of pediatric. Track for fifteen companies total that were part of the pediatric program and we had another twenty companies in asia pacific so Running a lot of stuff A lot of programs. And it's literally nonstop. Since i you in bed worry. Having taken a break there's the notifications has been no arrest. I haven't been reorganized and finally get vacation though. I mean it's over right or well. No i Was the first weekend actually kind of rest. A little bit still running that asia-pacific program that runs for another month until it's finals and we saw value competition coming up value word during midtech strategist conference in november. So we had a lot more to do still an. We're opening up applications for mid second beater. But i guess the last thing. I'll say when and we can dig into some more details that we've managed to pull it all off we slough some radical companies. Who just blew us away this year. Not only as they always do with their technology in their teams more passion and the way in which they're coming things being able to do that during a pandemic was kind of clean boggling. At how well these dumpings are executing you know no one is like hanging up their shingle and saying well and to go Go to start a farm or something. During the pandemic everybody is just executing and finding creative ways to do that and some have been accelerated as a result. So it's been tremendous were thrilled. I wish i could say it was time for vacation but i'll get one eventually. That's awesome man. I mean to work through the pandemic and in february i mean none of this pandemic was even in sight. I mean at least for me. I was like we were running. We were having a great time over there. Shaking hands and hugging. It wasn't until right. It was only a couple of weeks later that it's right like looking getting a little wider. What we're staying here and starting to look at each other going to keep doing this stuff you know in person. I remember the very beginning of march. We had another event at ucla and And people were that event. We're gonna look around going like. Is this totally separate. One of our partners didn't come to that event because they said that their corporate headquarters at stop travel and we thought that was really strange. Where like you can't fly from san jose to l. a. This is crazy by a week later. Like i was doing so the big one was when hams cancelled. Yeah oh wow. That was the real.
Monocle 24: The Globalist
"asia pacific" Discussed on Monocle 24: The Globalist
"Today's special edition of the globalist we are going to focus on asia and what two thousand and twenty one might hold for the region. The obvious answer might seem and will hopefully be almost by definition what with one thing and another a vast improvement but even when asia does not find itself at the epicenter of a global health crisis it remains a complicated part of the world bringing their hostages to fortune to this look ahead to ages. Next twelve months are monocle. Hong kong bureau chief. James chambers monica's. Tokyo bureau chief. Fiona wilson a little later on monaco's bangkok correspondent gwen. Robinson will join us. But first to james and fiona fiona. Let's start with you. In japan as we mentioned in that introduction a new prime minister in office seeking to fill the big shoes and follow the tough act of shinzo are has yet figured out. What kind of prime minister he's going to be is a very good question. I mean i think he's been quite difficult for serger. Falling shinzo obey. Shinzo abe's for all his faults. You know longest serving prime minister in japanese history. So you go quiet trot record. He knows how to win elections. And you know. He survived an awful lot of ups and downs. Scandals also had to deal with the pandemic and ultimately how to deal with illness as well so yeah so quite challenging to come into that role. He started off pretty well. I think his ratings quite good. But i think as people have seen ways handled the pandemic <unk>. Impressed is ratings have dropped. There's also the issue about the olympics. Will it happen waiting to happen. And i think so. Go really backing this. Huge domestic tourism tourism campaign encouraging. People around the country has gone down pretty badly although it has to be said <hes>. Tens of millions of people have been guy around the country so they liked that bit of it. But so i think it's quite a tough time for him and interesting. He has to have an election by next autumn. And i think he's in for a pretty rough ride few under just to follow that up. You did the mention the oh word. If there is one thing that japan hopes it can look forward to in two thousand and twenty one it is the two thousand twenty <hes>. Tokyo postponed because of the obvious right now on new year's day. How likely do they look. It really depends on you. Talk to to be honest. The government would love it to happen. They really wanted to happen dog to the saying we absolutely have to vaccinate everyone. And that's not guaranteed yet. Japan's rollout of vaccinations will be in the spring. And they say you know. We'll have everyone backs in asia by the summer. And if not. I think they are going to have a problem on their hands. There are so many vested interest in the olympics in definitely. The government is under pressure from tv companies. Advertises they want it to happen. Population is still quite lukewarm. I think many people feel it puts this unnecessary pressure on the country. At a time. When is trying to deal with the pandemic. we're still dealing with that joins in hong kong or bring you in now. It being new year's day let's at least out <hes>. Attempting optimism <hes>. As we were just discussing. Japan has one great big blue ribbon event to look forward to hopefully in two thousand and twenty one. Two thousand and twenty was a tough year for hong kong for the same reasons. It was a tough year for everybody but for other reasons. Besides is there anything in particular vet. People in hong kong are looking forward to this year. Yes well we've had a rough couple of years here in hong kong so <hes>. You know when you've hit rock awesome. Which i think that's not hong kong. Has i mean the only way to go his up. So i guess people are looking at s- an economic recovery an a return to business as usual in terms of an making money and getting on that side of things but <hes>. In looking ahead the the rest of the year. I mean there are few big dates to <hes>. To look forward to the the first one would be at the end of this month on the polls in january when the <hes> the uk's visa essentially for the hong kong people comes into play and up to three million on congas could suddenly decamp to britain. So if that happens if the floodgates opened not lovely be a huge event we've oils essentially being stuck in vung most of twenty twenty so <hes>. It's been difficult to town at the moments <hes>. How big that exodus will be. And there's no no re- odds on dejean that which you know. Every time i do meet with hong kong peasant they do generate trying to ask me once. Lights live in the uk <hes>. Just like an schooling an election. Step in where they should live. What's baath liken. Is it better than oxford as there is. There is a genuine interest. But i guess we're waiting to see how many people actually all through with all of the with these <hes>. These moves
Monocle 24: The Globalist
What's next for the Asia-Pacific?
"Today's special edition of the globalist we are going to focus on asia and what two thousand and twenty one might hold for the region. The obvious answer might seem and will hopefully be almost by definition what with one thing and another a vast improvement but even when asia does not find itself at the epicenter of a global health crisis it remains a complicated part of the world bringing their hostages to fortune to this look ahead to ages. Next twelve months are monocle. Hong kong bureau chief. James chambers monica's. Tokyo bureau chief. Fiona wilson a little later on monaco's bangkok correspondent gwen. Robinson will join us. But first to james and fiona fiona. Let's start with you. In japan as we mentioned in that introduction a new prime minister in office seeking to fill the big shoes and follow the tough act of shinzo are has yet figured out. What kind of prime minister he's going to be is a very good question. I mean i think he's been quite difficult for serger. Falling shinzo obey. Shinzo abe's for all his faults. You know longest serving prime minister in japanese history. So you go quiet trot record. He knows how to win elections. And you know. He survived an awful lot of ups and downs. Scandals also had to deal with the pandemic and ultimately how to deal with illness as well so yeah so quite challenging to come into that role. He started off pretty well. I think his ratings quite good. But i think as people have seen ways handled the pandemic Impressed is ratings have dropped. There's also the issue about the olympics. Will it happen waiting to happen. And i think so. Go really backing this. Huge domestic tourism tourism campaign encouraging. People around the country has gone down pretty badly although it has to be said Tens of millions of people have been guy around the country so they liked that bit of it. But so i think it's quite a tough time for him and interesting. He has to have an election by next autumn. And i think he's in for a pretty rough ride few under just to follow that up. You did the mention the oh word. If there is one thing that japan hopes it can look forward to in two thousand and twenty one it is the two thousand twenty Tokyo postponed because of the obvious right now on new year's day. How likely do they look. It really depends on you. Talk to to be honest. The government would love it to happen. They really wanted to happen dog to the saying we absolutely have to vaccinate everyone. And that's not guaranteed yet. Japan's rollout of vaccinations will be in the spring. And they say you know. We'll have everyone backs in asia by the summer. And if not. I think they are going to have a problem on their hands. There are so many vested interest in the olympics in definitely. The government is under pressure from tv companies. Advertises they want it to happen. Population is still quite lukewarm. I think many people feel it puts this unnecessary pressure on the country. At a time. When is trying to deal with the pandemic. we're still dealing with that joins in hong kong or bring you in now. It being new year's day let's at least out Attempting optimism As we were just discussing. Japan has one great big blue ribbon event to look forward to hopefully in two thousand and twenty one. Two thousand and twenty was a tough year for hong kong for the same reasons. It was a tough year for everybody but for other reasons. Besides is there anything in particular vet. People in hong kong are looking forward to this year. Yes well we've had a rough couple of years here in hong kong so You know when you've hit rock awesome. Which i think that's not hong kong. Has i mean the only way to go his up. So i guess people are looking at s- an economic recovery an a return to business as usual in terms of an making money and getting on that side of things but In looking ahead the the rest of the year. I mean there are few big dates to To look forward to the the first one would be at the end of this month on the polls in january when the the uk's visa essentially for the hong kong people comes into play and up to three million on congas could suddenly decamp to britain. So if that happens if the floodgates opened not lovely be a huge event we've oils essentially being stuck in vung most of twenty twenty so It's been difficult to town at the moments How big that exodus will be. And there's no no re- odds on dejean that which you know. Every time i do meet with hong kong peasant they do generate trying to ask me once. Lights live in the uk Just like an schooling an election. Step in where they should live. What's baath liken. Is it better than oxford as there is. There is a genuine interest. But i guess we're waiting to see how many people actually all through with all of the with these These moves