17 Burst results for "Bank Of Chairs"

"bank chairs" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:24 min | 3 months ago

"bank chairs" Discussed on Bloomberg Radio New York

"Hong Kong and over a Singapore it is 6 30 p.m. on the Atlantic seaboard of the United States I'm Rashad salaman And I'm Brian Curtis trading is underway in Sydney and we do have a modest rally there with the a 6 200 up about a quarter of a percent We'll probably see it bouncing Hong Kong and China today We had the NASDAQ golden dragon index up 4.7% on Wall Street at normally augers pretty well for the start in Asia so we'll see we'll track the markets with Doug prisoner in a few moments But for now rich and I will take a look at the top stories Yeah having a look at Republicans in the Senate banking committee as they block votes on President Biden's 5 picks for the fed it's due to GOP opposition to the nomination of Sarah bloom Raskin as fed vice chair for supervision senator Patrick toomey saying that Raskin hadn't adequately addressed questions regarding her role as a board member of a FinTech company Senate minority leader Mitch McConnell urged President Biden to find a better more mainstream nominee More traveling still is President Biden's nominee to be to the extremely powerful position of vice chair for supervision This slot comes with major unilateral power But the president's nominee Sarah Blum ruskin has spent recent years pressuring the fed to stop being a neutral regulator and instead become an ideological left wing activist body Well earlier on GOP members of the banking committee failed to attend the afternoon meeting preventing a quorum Senate banking chair sherrod Brown said he would reschedule votes on Raskin and the other fed nominees The Paramount plus streaming service has top 32 million subscribers The media company appears to be benefiting from its investment in streaming Paramount generated $1.3 billion in streaming sales and that was up 48% from last year And Viacom CBS also announced its changing its name to Paramount Here's Bloomberg's Gita ranganathan I think it all comes down to where the content engines are and for them it's the Paramount TV studio as the Paramount film studio Those are the iconic properties for them And if you just kind of see it's right now it's just this content arms race in Hollywood and they know they've got some really valuable properties in those two studios and that's kind of driving the streaming service I think it kind of makes sense for them to really kind of have everything under the Paramount umbrella Viacom CBS now has 56 million subscribers across its services Let's have a look at shares of Airbnb They are up just shy of 4% in the late session that after the company came out with quarterly revenues that really beat estimates let's get over now to Bloomberg's Denny's Denise Pellegrini who has more One standout in Airbnb's earnings a 59% year on year jump in nights and experiences booked in the quarter to almost 74 million bookings that was less than some analysts expected But the massive jump still shows bookings defied gravity even during the omicron search And the company expects revenue for this quarter that's higher than some estimates Airbnb also says it's now letting people search for listings up to a year in advance and CEO Brian chesky says he's spending several months working remotely from Airbnb rentals himself Denise Pellegrini Bloomberg day vacation All right the time is 33 minutes past the hour Let's get a close up look at what's happening in financial markets Let's get over to Doug prisoner in New York Doug that's pretty amazing isn't it Viacom CBS becomes Paramount I think full circle doesn't it remind you of that It really does it takes us back to the Hollywood days and yeah you can't get away from Hollywood not at all Big hunger for risk assets here in the U.S. today given signs of reduced tensions over Ukraine will take a closer look at the many details on that story momentarily when Ed Baxter joins us with a look at global news Higher inflation and other trigger point for the market we had this reading on U.S. wholesale inflation hotter than forecasting In fact it was twice what the markets were looking for So we had to move up and yields across the curve ten year treasury above 2% now We were 2.04% trading will begin at the top of the hour in the Tokyo session for U.S. sovereign debt We'll also get Japanese equities moving and it looks like if you look at the Chicago niche futures contract we could see a big pop higher for the Japanese equity market We do have a weaker yen and that's going to be supportive right now trading around one 1565 Now even with the issue of higher rates we had a rally in U.S. equities particularly among information tech NASDAQ composite today climbing two and a half percent in the broader market the S&P higher by 1.6% the Dow pops about 1.2% And Brian alluded to this rally that we had in Chinese ADRs here in the New York session The NASDAQ golden dragon index with a gain of about 4.7% If there was weakness you have to go no further than the energy complex with a sharp pullback in crude oil today WTI down 3.6% right now we're trading 92 45 in the electronic session Right now in the early going in Sydney we've got the ASX 200 better by about four tenths of 1% Thailand on holiday today and later in China will get the numbers on inflation for the month of January We'll take another look at market action about 15 minutes from now Rish 25 minutes to the top of the hour.

President Biden fed Airbnb Paramount Rashad salaman Brian Curtis Raskin Denise Pellegrini Senate banking committee Sarah bloom Raskin senator Patrick toomey Sarah Blum ruskin Hong Kong banking committee Bloomberg GOP Paramount Here
"bank chairs" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:38 min | 3 months ago

"bank chairs" Discussed on Bloomberg Radio New York

"Had to get there pretty good games there and as they got performing having a look at what was really dictating the price action let's get it over and out of Bloomberg's Doug Kris and I don't Guess you could call it a sigh of relief given signs of reduced tensions over Ukraine It's our top story we're going to be taking a closer look at that momentarily The other trigger point higher inflation we had this reading on U.S. wholesale inflation that was above forecast actually twice what the market was expecting So not surprisingly you're going to see a move up in long-term interest rates It's a ten year treasury now at 2.04% That two year hovering around one 57 will get trading in U.S. sovereign debt at the top of the hour in the Tokyo session gets underway Now even with those higher rates we had the equity market rallying and information tech out in front of that advance you write rich S&P 500 today up about 1.6% but the NASDAQ comp rallying two and a half percent the Russell 2000 today up by about 2.8% where the Tao was concerned we were up about 1.2% A lot of weakness in the energy complex given a sharp pullback in the price of crude oil That's again all about Ukraine WTI in New York down 3.6% right now we're trading 92 30 in the electronic session Also a pull pulled back I should say in some of those havens like the Japanese yen a little weaker here at one 1563 In the early going in Sydney we've got the ASX 200 higher by three tenths of 1% More on markets in 15 minutes Brian All right to the politics now Thanks very much Doug Republicans on the Senate banking committee are blocking votes on President Biden's 5 picks for the fed it stems from GOP opposition to the nomination of Sarah bloom Raskin has fed vice chair for supervision Senator Patrick toomey said that Raskin had not adequately addressed questions with regard to her role as a board member of a FinTech company And he and other GOP senators have blasted Raskin's past comments calling on the fed to do more to address climate change Today GOP members of the banking committee failed to attend an afternoon meeting and thus prevented a quorum Senate banking chair sherrod Brown sounded off on the move My Republican colleagues claim it's because they haven't gotten the information they've requested from one of the nominees Let me be clear miss broome Raskin has been the subject of unrelenting smear campaign in fearmongering by the ranking member and Republicans something that's become all too common Brown said that he would reschedule votes on Raskin and on the other fed nominees The Senate banking committee is considering as well the nominations of J Powell Leo brainard Lisa Cooke and Philip Jefferson Right let's turn to the economic front and have a look at what we got from China because we do get numbers on inflation for January retail inflation expected to slow down mostly down to declines in food prices Economists have advised that Bloomberg expecting the consumer price index to rise one point 1% exactly year on year and that would compare with the one and a half percent gain that was witnessing December On the wholesale level China's a factory gate prices are likely also seen some cooling there as well given the lower commodity prices out there economists looking for a 9 and a half percent rise in the PPI from a year ago and that would be a near 1% drop from December that data to you 8 30 p.m. Wall Street time 9 30 a.m. here in Hong Kong old Beijing All right 5 minutes past the hour It's time for global news Russia says it has pulled back some of its troops from the Ukraine border but the U.S. and the west say that they haven't seen any evidence of this yet at Baxter has.

Doug Kris Senate banking committee Raskin Ukraine GOP Doug Republicans President Biden Sarah bloom Raskin Senator Patrick toomey Bloomberg fed U.S. broome Raskin
"bank chairs" Discussed on Newsradio 1200 WOAI

Newsradio 1200 WOAI

02:30 min | 11 months ago

"bank chairs" Discussed on Newsradio 1200 WOAI

"A I A former President. Trump is headed to Texas today to meet with Governor Abbott and members of law enforcement as migrants continue to arrive in high numbers. The former president said he'd accepted Governor Greg Abbott's invitation to visit the Texas border. Abbott has been railing against the Biden administration over their response to the increase in migrants arriving. Many he says cross illegally homes are being invaded. Neighborhoods are dangerous and people are being threatened. On a daily basis with guns. Abbott announced a plan to build a border wall funded by the state. Several congressional Republicans say they will also be visiting the border today with the former president, according to Indiana Congressman Jim Banks, chair of the Republican Study Committee, and the Biden administration claims they have made progress on securing the border since taking office. But Tarrant County Sheriff Bill Weyburn disagrees. Hasn't been any progress. The border is open. And you know we're talking about the kids coming across and we have got a crisis on the border with in that crisis is going throughout America, and we got the wrong line in the sand someplace and took care of it. Meantime, immigrant rights groups are furious with Trump's visit today, Carla Vargas with the Texas Civil Rights Project, fears that this will stoke the fires of racism You have you know individuals who don't live here who don't come here who don't really know what these communities are about? Making comments about something that they honestly are not engaged with the Border Patrol in South Texas has in the last four days they've arrested seven criminal migrants that includes four gang members to sex offenders in a man previously convicted of negligent homicide, Customs and border protection reports their agents encountered more than 180,000 migrants in May. Bringing the total number of encounters in fiscal year 2021 to over 800,000 San Antonio Police are investigating a deadly shooting that likely stemmed from a domestic violence incident at a motel in the far Northeast side. Police arrived at the days Inn off I 35 North and whirlwind drive earlier this morning and say an 18 year old is in custody after he shot and killed a 33 year old man that followed him and his mother to the motel. Police say the man started arguing with his mother, and that's when the teen shot him in a case that may be self defense, But the teen and his mother are being questioned by investigators. No word on charges. New discoveries are coming out about the collapse. Condo and Surfside, Florida The Miami Herald obtained these photos from a contractor working in the building two days prior to the collapse. It appears to show.

Carla Vargas Texas Abbott Trump May South Texas America Jim Banks Republican Study Committee today fiscal year 2021 Governor more than 180,000 migrants 18 year old 33 year old over 800,000 Bill Weyburn I 35 North seven criminal migrants Surfside, Florida
"bank chairs" Discussed on KLIF 570 AM

KLIF 570 AM

02:14 min | 11 months ago

"bank chairs" Discussed on KLIF 570 AM

"Morning with Dave Williams and Amy Schade Ra Good morning, it's 7 30. Former President Trump headed to Texas today to meet with the governor and members of law enforcement. As migrants continue to arrive in high numbers, the former president said he'd accepted Governor Greg Abbott's invitation to visit the Texas border. Abbott has been railing against the Biden administration over their response to the increase in migrants arriving. Many he says cross illegally homes are being invaded. Neighborhoods are dangerous and People are being threatened on a daily basis with guns. Abbott announced a plan to build a border wall funded by the state. Several congressional Republicans say they will also be visiting the border today with the former president, according to Indiana Congressman Jim Banks, chair of the Republican Study Committee. Jessica Rosenthal, Fox News all this coming, of course, after the vice president returned from El Paso, about 100 days after she was put in charge of the border crisis, and Texas Senator Ted Cruz is on Fox's Hannity last night to talk about it. Joe Biden and Kamala Harris are the last mile of the human trafficking network that's resulting in abusing Thousands of little boys thousands of little girls. It's utterly lawless, and it's striking. So one of the things the trip that President Trump has taken to the border, and we're glad to welcome him back in Texas. It did prompt Kamala Harris, finally to discover we had a southern border. The vice president had made comments that her trip highlighted that human suffering is the root cause of migration, and that it must be addressed to solve the border. Crisis. Least. 12 dead now nearly 150, others missing after the collapse of that condo building in Florida Foxes Still, NATO has the latest that the search for survivors isn't stopping. This is the seventh day rescue crews are struggling to get through tons of debris left by the collapse of Champlain Towers south Now they're hoping for federal help. The Florida Division of Emergency Management is asking for a team from the feds so current crews can get a break. One of the crews working now came from across the Atlantic Israeli defense for search and rescues. Colonel Golan Voyage. This side's the.

Dave Williams Amy Schade Joe Biden Jessica Rosenthal Kamala Harris Texas Abbott El Paso Jim Banks Champlain Towers Fox News NATO today Republican Study Committee Florida Governor Senator seventh day Fox Ted Cruz
"bank chairs" Discussed on KLBJ 590AM

KLBJ 590AM

01:45 min | 11 months ago

"bank chairs" Discussed on KLBJ 590AM

"Going to that pile tomorrow to offer support to the searchers. As well as families of the victims. John NATO. Fox News. Former President Trump will join Governor Abbott on the border today. The former president said he'd accepted Governor Greg Abbott's invitation to visit the Texas border. Abbott has been railing against the find administration over their response to the increase in migrants arriving Many he says cross illegally homes are being invaded. Neighborhoods are dangerous and people are being threatened on a daily basis with guns. Abbott announced the plan to build a border wall funded by the state. Several congressional Republicans say they will also be visiting the border today with the former president. According to Indiana Congressman Jim Banks, chair of the Republican Study Committee. Jessica Rosenthal. Fox News Travis County is easing the property tax burden on elderly and disabled homeowners. The county budget director Travis Gatland laid out. The idea for the commissioner's recommendation is $100,000 for the 65 older and disabled exemptions. It was approved by the county commissioners. Boston Rent prices are setting new record highs Apartment list, Rob Warnock says rents grew by 3.5% last month and left rent for a two bedroom at 1665 Bucks a month and more than $1300 for a single bed unit. There's just a lot of demand and activity in the rental market right now, we know that the housing market is particularly exclusive at the moment and keeping people on the rental market longer. Other Austin housing expert Say the rise and rent is due to a growing population and a lack of housing. John Cooley News radio K L. B. J and Police responded to a deadly crash.

Jessica Rosenthal $100,000 Texas 3.5% Rob Warnock John NATO Travis Gatland Abbott Fox News Jim Banks Austin tomorrow Governor Republican Study Committee more than $1300 today two bedroom last month Boston News
"bank chairs" Discussed on KLBJ 590AM

KLBJ 590AM

04:11 min | 11 months ago

"bank chairs" Discussed on KLBJ 590AM

"We're here until 10 and you can jump in any time you want. It's a big day along the Texas border. Donald Trump is going to be there. A big tour headed to the Texas today to meet with the governor and members of law enforcement says the as as the migration. The illegal immigrants crisis continues big numbers along our border. The former president said he'd accepted Governor Greg Abbott's invitation to visit the Texas border. Abbott has been railing against the bind administration over their response to the increase in migrants arriving Many he says cross illegally homes are being invaded. Neighborhoods are dangerous and people are being threatened on a daily basis with guns. Abbott announced a plan to build a border wall funded by the state. Several congressional Republicans say they will also be visiting the border today with the former president. According to Indiana Congressman Jim Banks, chair of the Republican Study Committee. Jessica Rosenthal, Fox News that was, you know the United States borders are the vice president Kamala Harris. She was she went to El Paso. She was there talking about 800 miles away from the real crisis. Here's Ted Cruz, Joe Biden and Kamala Harris are the last mile of the human trafficking network that's resulting in abusing. Thousands of little boys thousands of little girls. It's utterly lawless, and it's striking. So one of the things the trip that President Trump has taken to the border, and we're glad to welcome him back in Texas. It did prompt Kamala Harris finally to discover We had a Southern border. There you go. Ted Cruz on Fox last night. I mean, yeah. You know, her deal was a photo op, and it was a photo op in the wrong location. At least Donald Trump is going more to the heart of the matter down Weslaco in that area in the Rio Grande Valley, where he really needs to be. Uh, you know, we got to be honest about this. This is also a bit of a photo op, but it does. It does draw attention. It does raise awareness. It does draw attention to the the seriousness of this and keeps it in people's minds. Sure, overall, and I don't know what Donald Trump is going to be able to know. You're right. If he wasn't there today, there wouldn't be a whole lot of talk about the border today. Probably not right. And I mean and the crisis is getting a whole lot worse down there. We're hearing from those border sheriffs. Yeah. It keeps it on the forefront. It is big news. What he personally can do, uh, affect what he can affect. I'm not sure at this point. What do you mean? Well, What do you mean? Just him talking about going to the border. Got the borders are to go to the board. Just here. Just Donald Beyond that, making the threat of going there spurred the administration to go there. Yeah, it's all about awareness and photo op. That's pretty powerful. Yeah, I guess it's enough. You think it was just this is just a photo. Well, if you don't think you don't think he and the governor is serious about securing the border, No, absolutely. They are. I think they are. But You know, I mean, this is this is also a hell of a lot of candy today, but the I can't I candy. I don't know why you might be affected. I don't know why you got to diminish it. I'm not trying to diminish it. I'm just trying to. You know, I'm just kind of in my own head trying to figure out what is the what? What can we really gained from this and and there were not well, there will be more gain than anything else. That's for sure. It's not a negative. It's not Huh? Man? You sometimes some days. You just throw out a word solid. I don't know what you're serving up, man. It's just a word salad talking about. Yeah. Sometimes it sounds like you're talking out the north beyond end of southbound mule. You want ranch? You want Italian? What do you want? It is 609 and the Austin Police department responded to a deadly crash on Ben White Boulevard involving a car and a man on foot. And I think in your mind, you already have an idea of what happened here. I mean, I hate to judge the situation, but we already have got a history and Ben White Boulevard we do, But I was I was surprised to learn that that that was not not the case. It was somebody who was attempting to direct traffic themselves, Sergeant Earl Garrison tells Fox seven news at a pickup truck lost its load of mulch. Workers got out to clean it up, and one man tried to direct traffic without calling the police to help you. Vehicles collided when.

Jessica Rosenthal Ted Cruz Joe Biden Donald Trump Rio Grande Valley Texas United States Fox News Abbott Ben White Boulevard Weslaco Donald El Paso Fox Jim Banks Republican Study Committee today Earl Garrison Kamala Harris Austin Police department
"bank chairs" Discussed on Newsradio 1200 WOAI

Newsradio 1200 WOAI

01:31 min | 11 months ago

"bank chairs" Discussed on Newsradio 1200 WOAI

"Of 86. Showers and storms possible this evening. Alois 73 right now. 75 degrees under cloudy skies 601 at news radio 1200 W. O Ai Former President Trump is headed to Texas today to meet with the governor and members of law enforcement as migrants continue to arrive in high numbers. The former president said he'd accepted Governor Greg Abbott's invitation to visit the Texas border. Abbott has been railing against the Biden administration over their response to the increase in migrants arriving. Many he says cross illegally homes are being invaded. Neighborhoods are dangerous and people are being threatened on a daily basis with guns. Abbott announced a plan to build a border wall funded by the state. Several congressional Republicans say they will also be visiting the border today with the former president, according to Indiana Congressman Jim Banks, chair of the Republican study Committee. Immigrant rights groups are furious with Trump's visit today, Carla Vargas with the Texas Civil Rights Project fears this will stoke the fires of racism. You have individuals who don't live here who don't come here. We don't really know what these communities are about, making comments about something that they honestly are not engaged with the Border Patrol in South Texas As in the last four days, they've arrested seven criminal migrants that includes four gang members to sex offenders in a man previously convicted of negligent homicide. New discoveries are coming out about that collapse. Condo and Surfside, Florida The Miami Herald obtained these.

Carla Vargas Texas Trump 75 degrees Abbott Jim Banks South Texas today 601 Border Patrol 86 Governor Surfside, Florida this evening Greg Abbott seven criminal migrants four gang members Condo Republican study Committee Miami Herald
"bank chairs" Discussed on WIBC 93.1FM

WIBC 93.1FM

01:59 min | 11 months ago

"bank chairs" Discussed on WIBC 93.1FM

"93 wi PC Mobile news on the level on the go, He says he was invited, so he's going radar showing some slow moving showers and storms moving through central Indiana. Also cloudy and 73 degrees in downtown Indy. I'm Sean Herrick. Here's what's trending at 6 31. Former President Donald Trump is going to the southern border today. Foxes. Jessica Rosenthal, the former president said he'd accepted Governor Greg Abbott's invitation to visit the Texas border. Abbott has been railing against the Biden administration over their response to the increase in migrants arriving. Many he says cross illegally homes. Being invaded. Neighborhoods are dangerous and people are being threatened on a daily basis with guns. Abbott announced the plan to build a border wall funded by the state. Several congressional Republicans say they will also be visiting the border today with the former president, according to Indiana Congressman Jim Banks, chair of the Republican study Committee. Jessica Rosenthal Fox News restrictions will be lifted in just about all venues in Marion County. Starting tomorrow. A mass mandate, though, does remain in effect. In some areas. You can read more about where it's required at w I b c dot com The search for survivors of a partially collapse condo building near Miami Beach in Florida enters its seventh day today, 12 people are now dead and 149 still remain unaccounted for. Investigators don't know what caused it to collapse, but a report by an engineer in 2018 says they Worst structural deficiencies in the tower. The House will vote today on creating a committee to investigate the January six capital riot. Eight of the 13 members of that committee would be appointed by House Speaker Nancy Pelosi. Last month, Senate Republicans blocked a bipartisan commission to study what happened on that day more closely. For the first time, the title of Miss Silver State USA was awarded to a transgender person, Catalona Enriquez says she's learned to use her voice while I've lived in silence, and.

Catalona Enriquez Jessica Rosenthal Miami Beach Texas 2018 Abbott Sean Herrick Jim Banks Marion County 12 people 73 degrees 149 tomorrow Last month Miss Silver State USA Fox News Governor today Foxes January six
"bank chairs" Discussed on KLBJ 590AM

KLBJ 590AM

01:38 min | 11 months ago

"bank chairs" Discussed on KLBJ 590AM

"O E T T L It'll keep you cool, but it's hard to spell. Former President Trump visits the U. S southern border today. The former president said he'd accepted Governor Greg Abbott's invitation to visit the Texas border. Abbott has been railing against the bind administration over their response to the increase in migrants arriving. Many he says cross illegally homes. Being invaded. Neighborhoods are dangerous and people are being threatened on a daily basis with guns. Abbott announced a plan to build a border wall funded by the state. Several congressional Republicans say they will also be visiting the border today with the former president, according to Indiana Congressman Jim Banks, chair of the Republican study Committee. Jessica Rosenthal. FOX News Texas is making final preparations to kill a killer John Hummel to be legally injected this evening for the murders of his wife, daughter and father in law, his attorney says he's nothing left to appeal. New York City Board of Elections, admits a blunder in its vote counting in last week's Democratic mayoral primary. Their most recent report of the tally accidentally included 135,000 the test votes that they failed to purge from the system. The results weren't expected for weeks because of the ranked choice voting system in the Pacific Northwest. The Heat has begun to ease a bit in Seattle in Portland, but excessive heat warnings have been continued into the weekend in areas away from the coast. Meteorologists say a high pressure system is to blame for a patch of hot air sitting over the region. People have been advised to stay inside as much as possible. But in an area where air conditioning is not a given, others sought out the shade to beat the heat..

Jessica Rosenthal John Hummel Texas Seattle Abbott Portland FOX News last week Jim Banks Pacific Northwest Governor New York City Board of Electio Democratic today Greg Abbott Republicans Republican study Committee U. S southern border Former President Trump
"bank chairs" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

04:00 min | 1 year ago

"bank chairs" Discussed on Bloomberg Radio New York

"Then finally, the Fed talked a little bit about their outlook and you know, in line with expectations, they're pretty pessimistic about the upcoming months. It's gonna be a hard winter, but they're hoping that a vaccine Will result in a release that pent up demand in a recovery in the second half of this year's They were much more optimistic. But there's so many wrists around that you I think that's where keeping in mind well, it's itching as I understand it. What they said is on the question. Inflation. Specifically, the risk was the downside. That is to say we undershoot rather than overshoot. But this, of course, was before we had those two seats go to Democrats. And Georgia. Do you think it's a different world for the Fed today than it was just two days ago? So a lot has happened since you spend minutes even just a couple weeks ago, and I actually don't think that we're in a different world. But do you think that the markets seem to be expecting that we are and that that might be a wrist, So I mentioned the 10 year yield was particularly off of the back of yesterday's Georgia Senate results and that's on the basis that will probably get some kind of stimulus out of this government with the Democrats and control the Senate, and that's probably right. But it is worth Considering that might not be a linear crosses that will require absolute unity amongst the Democrats in the House and the Senate to get significant fiscal measures passed. And so I think we might see while also along in the process of these minutes also happened before there was a new variant and you continuous variants of covert 19, which we've seen ripping through Southeast England. And so do you think that you know, the feds said that they were optimistic that widely distributed vaccine. Would really lead to a rebound and that could feed into inflation. But actually with this new various, I think there's a risk there. And, of course, our vaccine. Rolla has been pretty sclerotic. Hopefully, we'll get better at that. But right now it's not looking great for a massive rebound because it's not looking like we're getting vaccines and arms quickly enough, and they're finally it's worth pointing out that way. Run an experiment where we've had massive amounts of stimulus before recently in 2018, and if we learned one thing from the Trump administration It's that you can go ahead and provide significant stimulus. When the economy is running pretty hot. It's really taking along and not generate significant inflation. So I really questioned even if we got a stimulus, the markets are hoping for a question whether we're gonna generate a lot of inflation without a sustained inflation with that on the economy is still in the hole. The Fed has made no sue the fact that they really concerned about jobs as part of their mandate. They also talked about maybe income inequality, wealth inequality. Is there anything they can do at this point beyond what they've done to improve that situation? Yes. So someone is looking a lot of income and wealth inequality. I wish I could say that the Fed could do anything about it and clearly aware that that they've contributed to it, But, you know, resulting in a bull market and most acid holders are wealthy but unfortunately other than kind of running the economy hostage. Letting inflation come down trying to pulling workers marginal workers from the sidelines. There's really not a whole lot that the bank can do about it. That's much more up TOC school authorities and that's partly why Jay Powell has been pretty outspoken and he's not the only central bank chair Tonto be out, spoken about how fiscal authorities really need to step in and do their job making When you talk about helping individuals, as you know, Larry Summers got a lot of attention by saying $2000 a person is not the way to go. The fact A lot of people will just say that money they can't spend it effectively. We need to target other ways Such a state and local assistance. Is he right? Yes. Larry is not the only one saying that there's a better allocation of that money. Only be a blonde shark came out and said the same and also got a lot of flak for it. I think that is right, though that dispersing checks, you know, they say when you're coming up with the idea of fiscal policy, it needs to be Targeted timely and temporary dispersing. $2000 checks isn't particularly targeted. And so if you think things like allocating money tol local officials who are on the front lines and can go ahead and figure out how to plow that into education versus vaccine distribution on local.

Fed Senate Georgia Senate Larry Summers Georgia Southeast England Rolla Jay Powell Tonto
"bank chairs" Discussed on WJR 760

WJR 760

02:43 min | 1 year ago

"bank chairs" Discussed on WJR 760

"As low as $1000. And up to $150,000. And then there's free financial education courses that are delivered by Operation Hope is part of this program. So there is there's just too many to mention on this call, but Please call us and let us try to help you. Sandy Pierce, Huntington Bank chair of Michigan. Some people might ask. Well, why are you doing this? Well, I don't have to ask that question. It's a part of really Sandia's We've learned through you and Your other family members of Huntington. It's your purpose. It's it's at the core of that whole idea of looking out for people, isn't it? It is that is our purpose, and we we really do want to help individuals, help businesses and really strengthen the communities that we're fortunate enough to be a part of Call every we all can lean in a little bit, right. Whatever we can do to help and what this pandemic has taught us at Huntington is that it's more important now than ever, to live our purpose of looking out for people, and that's what this community plan is about. And that's the That's the company that unfortunate enough to work with. Well, and we're fortunate enough to have you as such a good neighbor in our area. Maybe some final of closing thoughts, Sandy. I want everyone to realize that Michigan is really an important market to Huntington and we are going to continue to invest more in Michigan. We're opening a new branch in Royal Oak. Dates a regional presidents going to be on a little bit later with you possibly talk about that branch in royal oak. We're going to continue to be here for our communities. And we are going to continue to listen to our communities about what they need and then produce and products and services that matched the local needs. And I want to also recognize How hard this has been in challenging for those that are working remotely and their kids are learning. Virtually I know that's difficult and all of the first responders and the health care workers. That need to go to physical locations. In order to do their work, a special note of appreciation and thankfulness for what you do every day to keep us all safe and healthy. Well, God bless you and all the people you represented. Huntington Bank. We're in this together. And you make that very clear. You're there to.

Huntington Huntington Bank Royal Oak Sandy Pierce Michigan Operation Hope Sandia
"bank chairs" Discussed on Business Basics

Business Basics

09:12 min | 2 years ago

"bank chairs" Discussed on Business Basics

"We're left with a lot of new deal proposals like the glass steagle act and some other new reforms that end up giving the Federal Reserve's responsibilities over to the treasury and what this process does is it allows the Fed to become more focused on certain duties. It'll it'll also Laos the Fed to become more centralized so in effect. It's making the Federal Reserve a more efficient system that we can effectively implement. Us economic policy. So what is the Federal Reserve today? So basically the Federal Reserve is what is known as a bank while simultaneously being the government. Spink IT sells notes and bonds which are basically where consumer gives money to the government and the government uses that money and after a certain period of time depending on the bond length or the note went then the federal government gives that money back to the person who purchased it with interest and each bond rate has an interest rate attached to it which allows the consumer to make money from it in addition to that the Federal Reserve is also responsible for distributing cash apply from the Treasury to the Banks. So that means that it's a whole nother organization within the federal government. That's separate from the Treasury. It's working in tandem with the Treasury to distribute money. But it's not the one producing money dot is the treasury's job. The Fed the Federal Reserve has twelve banks. It has banks in Boston. New York City Philadelphia Cleveland Richmond Chicago. Atlanta Saint Louis. Minneapolis Dallas San Francisco in Kansas City. So these twelve banks all have a president or CEO. Who's responsible for managing that bank and each of these banks are responsible for distributing money to their respective regions and lending major commercial banks money. In addition to those twelve banks the Federal Reserve also has a seven member committee known as the Board of Governors and this board of governors is the one who sets interest rates and they are the ones who help in making public policy them in tandem with the Federal Open Market Committee and another system. We'll talk about so the Board of Governors seven member committee appointed by the President and approved by the Senate and then you have on the seven member committee. A chairman and vice chairman were appointed to buy the precedent and they serve four year terms without any term limits. Sonali mentioned the Federal Open Market Committee. What exactly is that? The Federal Open Market Committee is the Board of Governors plus the president of the New York City Bank and three other of those eleven other Bank Federal Reserve Bank chairs that end up rotating in a yearly fashion. This Federal Open Market Committee meets eight times a year and they're the ones who set federal the Federal Reserve policy they set interest rate guidelines within the interbank market. So what does that mean? Basically banks trade money amongst themselves before they traded to consumers and whenever they traded amongst themselves they have an interest rate that they abide by. And because you have competing banks trading money. You're not going to have one. Banks set an interest rate. What you're going to have is the banks abiding. By the interest rate guidelines set by the Federal Reserve so those banks will trade money amongst themselves by the poll by the range set by the Federal Reserve. And then in turn those banks will for the most part set their own interest rates that they charge consumers or people who they give money to that they loan money to they'll charge them interest rates that are around the same area as the Federal Reserve interest rate guidelines. So that's one aspect of the Federal Reserve in addition to that it can. It's also responsible for introducing money into economy so the Federal Reserve helps to sell bonds. I E drawing money into the Federal Government but in economic downturns the Federal Reserve also buys bonds so therefore advise that bond back it gives money to the consumer whenever the consumer economy have less money than usual and that way the Federal Reserve is giving its money to the consumer and that we'd economy has more money within so if we think back to more recent event than the Great Depression immediately what comes to mind is the two thousand eight recession and we think about that. Did the Federal Reserve have a major impact on alleviating the two thousand eight recession? And so the answer to that. Is that during this time? The Federal Reserve cut interest rates and it did purchase the debts of some struggling corporations. But the problem the would that happen with the Federal Reserve during this time is that the Fed began cutting interest rates in two thousand seven. They thought the economy slowing down. So therefore they decided to cut those interest rates but in two thousand eight was when the problem really hit that was when the economy entered recession territory. And so by the time we were in mid two thousand eight inflation had already started increasing because of those interest rate cuts from two thousand seven that the Federal Reserve's hands were tied behind. Its back to cut interest rates further so the Federal Reserve couldn't do anything with the interest rate aspects beyond two thousand eight. But what they did do was they injected four trillion dollars to the US economy through the purchasing of bonds. Like I mentioned before so. The Federal Reserve played a notable impact in the two thousand and eight recession. All beat not as much as it probably would have liked to given that the interest rate cuts from two thousand seven did significantly hamper. It's ability to affect change in two thousand eight and now we that leads us back to where we are today where we have the krona virus or cove in nineteen and as we've all seen within the last month the massive economic downturn that has occurred and so we've been hearing within the news that the Federal Reserve is thinking of or rather not thinking but it's already taking action and so this action that the Federal Reserve has taken have has already been that they've cut interest rates to zero so the official Federal Reserve Interest Rate Range is zero percent zero point twenty five percent. That's already been done. It happened two weeks ago so Federal Reserve is already on top of that but the problem is and we don't want to run into a similar problem faced with interest rates in two dozen eight so the Federal Reserve is planning to to inject economy money into the economy. Even faster this time than it did in two thousand eight and what you have right now with the current viruses. No one is really willing to lend money what you're seeing. The stock market is that people are dramatically selling their positions in order to get cash back and no one wants to lend money to the corporations. No one's going. Outside of their homes people are told to stay indoors so with no one lending money then that means someone has to and so. The Federal Reserve has announced that it will purchase treasury in corporate bonds in order to lend money and this is pretty significant because a the federal reserve has never delved into corporate bonds before Sadat is pretty. That's a pretty significant action. Additionally I've read that the Federal Reserve is even announcing that it will purchase around seventy five to fifty billion dollars worth of bonds each day if we calculate that over the next two weeks to four weeks. Then we're going to massively out. Then we're going to have a lot more money than four trillion dollars which is how much the Federal Reserve put in in two thousand eight recession. So that's where we are today in terms of the Krona virus and the Federal Reserve's Halsey and it stands on alleviating the economic impact..

Federal Reserve Bank Federal Reserve Bank Federal Open Market Committee federal government treasury US Laos New York Boston Spink Board of Governors Chicago Minneapolis Sonali president Atlanta chairman
"bank chairs" Discussed on KTRH

KTRH

09:20 min | 2 years ago

"bank chairs" Discussed on KTRH

"I've only. I understand. that. for many people. the important question here is. is vaping. on a good alternative. to smoking. if vaping. gets people to stop smoking. A. N. vaping is. healthier or less harmful than smoking. many people would say if those two things are true get some to stop smoking and it's less harmful then we can make it legal. but if not now. and that's a conversation certainly worth having. but it's not a conversation based on principle. and that's why we get into these terrible laws white making cigarettes illegal are you making cigarettes illegal with a bad for you. so after bad for their legal everything everything's after it's illegal. but that's stupid no not which kinda hereby safe you only get one life try to make everybody safe. and if that's how you feel you're certainly free to have those feelings just don't call yourself a conservative and never use the term libertarian is it means you don't understand what that term means all right let's get some of your calls David go ahead Sir. John Mayer about banning this bang there's a like to dissolve some people buy a car like the. don't worry be happy really just drugs have been saying I mean if you drink too much water you'll drown correct so let's ban was banned water it was banned the wheel of people going to drink and drive or text and drive I mean one that is one of the end what about the old adage about with freedom comes responsibility maybe that's just too simple common sense yeah we. it down so I was of your cigarettes would been around when my father he passed away of his own faulty smoke too much but that would have been maybe a I'm not saying it would happen but that we would have an alternative to put all the damp darkness in this long I'm asking this. do you think ease do you think government should get out of the business of banning the cigarettes. get out of the business of banning just about every damn thing what what if he's running around were equally as harmful to your health as Ron I don't believe they are but what if they were. don't do it and I haven't I couldn't care less about their business I just want to get I want to clear that up Scott go ahead. Michael located on this is just a different opinions on generation geographic and socioeconomic. I'm of the mind close to the games when stupor crisis and the thing that our politicians are removed from other category over the last ten to fifteen years is the word consequences and if we keep protecting people from themselves this is gonna spin into an uncontrollable problem make the best decision live with the choices. they're not RJ on the black line which is just becoming the RJ line because you're the only black color that uses the black line. I'll take you. I brother almost followed suit what I'm a great father so identifiable mommy don't judge me but with that being said brother listen it's just a slippery slope you know if you're going to bed you cigarette because they're just as bad as cigarettes why are we benefit. I mean we could do the same argument you allow the government to get into what's good and what's bad for us is just going to lead to us not being able to eat bacon and I'm not for that Michael I'm not for that at all brother well that's what it is where it ends up isn't that's the that's the argument the left is going to use. if you had told me two years ago much less twenty. if you had told me that during an NFL game this past weekend in two thousand nineteen opening weekend. that Burger King would run an advertisement for a fake meat product. impossible me. and you know the first thing I thought when I saw the Burger King label I thought man. they have an advertised in awhile. and then I wasn't paying close attention the first time I saw it and there were people with you know grabbing a burger and tasting it in Canada who has this is delicious again I wasn't paying close attention. I was getting so worked on the computer and then I heard the word impossible. and then I realized wait a minute. that's a fake. fake meat products. so I asked Crockett who's watching it in Crockett learn probably to watch a commercial one time in a in repeat the words word for as a car who was at a fake meat products he said a house call the impossible were. are you serious yeah. they're not trying to sell fake meat. at a vegan convention they're trying to sell fake meat. to people watching the NFL. that's grown men on a Sunday afternoon drinking bear gall Hey warnings burgers it's not actually maybe it's all plants. well that's going to be the argument. is there not it's going to be like electric cars when you can't get people to buy electric cars on the basis of performance or cost or convenience. the next thing is we're going to take away your gas powered car in force you into the electric car how many of you bought a vehicle last few years it has that stupid thing where it turns off it cuts off at the at the at the red light. nobody Jerry's got a rafter. pulls up to the red light in that damn thing dies like a golf cart then when you started back up you you push your foot on the gas it but but but but but. you know how when you you know when you get on those those golf guards. and they eat you right I'll rights ingenious actually but you're right along and then you get often in it that you get back on and then you there's that sound at all golfers know the sound when you hit the accelerator at the same time the the brake pops up there's that pop up pop up you hit the accelerator and and the the plastic starts moving forward because the whole thing is just one plastic shell but it takes a minute first on all electric ones you don't hear it but on the gas was it takes a minute for it to fire up and SO those damn V. as with the GM vehicles are doing now not GM. because I just bought a truck by the way does not have that on there I don't know how I managed to get it off I think classics every Sugarland disabled the whole thing because they knew I would hate it but you get in these things in my diet at the red light. well that you're gonna have mark my words no I don't believe it's coming faster new thing. the government is going to restrict your meat intake. going to restrict your meat intake on the basis that it's better for you and your argument is going to be the government has no business telling me what I can and cannot eat and they're not going to say yes we argue we have complete authority over your body they're going to argue but studies show it to reduce heart attacks I don't care I should get to make those no it's good for you that's good for you and then you're arguing the efficacy of of health plans as opposed to the freedom of the individual and that's where we go wrong that's where we go real wrong. go ahead Sir. Michael yeah I'm a raving issue on myself on the was six months ago hacker nation ochre mustard banking chair try to cut down stop eventually now I'm down to half a pack of cigarettes and every time I feel the urge for a cigarette I check maybe two puffs off of baking pan and that satisfied I thank the problem I ran the whole long before you go back to that where do you smoke because I'm curious so if I have if if my schedule works out well I smoke a cigar a day sometimes too and I go to a cigar lounge in it's an activity right I do it during the middle yeah finish all rush to finish my work so I have an hour to meet a buddy or two and we smoke a cigar and then I go from there and come back here and but I don't understand how smokers smoke anymore because my kids asked me if I would stop smoking cigars in my truck so I did.

Michael vaping. A. N. vaping John Mayer Crockett RJ Burger King David NFL Ron Scott Canada fifteen years six months two years
"bank chairs" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

07:36 min | 3 years ago

"bank chairs" Discussed on Bloomberg Radio New York

"Emily Chang in San Francisco. Let's return now to our top story. Facebook unveiling plans for new crypto currency called libra that will launch as soon as next year lots of excitement about this. But also lots of questions Bloomberg's Joe Weisenthal spoke with Facebook's, head of come libra David Marcus and talked about how the crypto currency will be regulated. It's the best database structure, because if you want decentralized, governance over something that should be governed as a public good. This is the best way to achieve this. And so we went to the blockchain routes, because we will have by the time we launch a hundred different global organizations that will participate in the governance of this new network in currency twenty-seven organizations right now. We needed. We needed a way to decentralize governance, because no one company should control a network, that basically is a protocol for value on the internet. Some of those launch partners, one thing that people notice immediately is, there's no other major tech companies. And there's no traditional existing banks, as we know them were they approached or was there, any particular reasons for their absence? I know you want to talk about all the companies that are not here, but, you know, I think we can take a moment and recognize the remarkable organizations that are already joining us, and just just to, to reestablish. This, this is very early. Twenty seven organizations right now, a hundred by the time we launch and by that time, I definitely expect to see banks there, I definitely expect to see other large technology companies, and I definitely expect to see more diversity of organizations in terms of geographical distribution and the like so there's so much work ahead. Let's talk about the structure of how the currency is used specifically, if I were to acquire libra on an exchange am I able to move those coins tool? Wallet of my own holding with my own keys like Mabel to do with say. Currency like bitcoin. Yes. So while we are starting with a permission blockchain on the notes side of the house. The blockchain will be open meeting people, and companies can build services on top of the blockchain, you don't need to be a member of the association to build a wall on top of this new network. And as a result, we will have a lot of competition for our own wallets, but the wallet can be offline and so it could be something in which I can hold my keys and the coins on the computer or USB drive, or a laptop, that's disconnected from the network and nobody needs to know that I have it anywhere. Yes. And then be able to transfer those coins to third party, what I've able to send you those coins via the blockchain in a way that no entity whether it's Facebook or any of the launching partners would know about are we able to transact in a way that no third party is able to see it. Third party would be able to see because nodes validations actions. And even if you transact on your own on the blockchain, the same way that other Blockchain's function. Third parties. But no one specific party can actually see transactions and, and the one thing that I want to say, though, is, despite the fact that non-custodial wall, it's where you can manage your product key, and, and move money around will exist. The on off ramps are going to be regulated, the custodial wallets are to be regulated. But that doesn't mean that we shouldn't enable a form of digital cash transactions to happen on top of this new network. So the existence of digital cash for obvious reasons, create all kinds of regulatory issues because in theory if I'm able to transact with someone in a permission way that we could be doing something legal, whether it's fading capital controls buying drugs. Whatever it is. So how do you enable that kind of free exchange while also dealing with the regulatory bodies that are going to be exist in scrutinizing this project? All over the world. It's a great question. And I'm glad you asked so couple of things. First of all, we've decided not to enable crypto primitives on this blockchain that the naval shield at transactions. So meaning that if your criminal and you want to transact on the network. This is nothing to your network of choice, because accounts are Pseudonomas. They're not anonymous shielded. And as a result law enforcement's can actually do their thing, same way. They're doing it would bitcoin or really well now the one thing I would say is that the current effectiveness of anti money laundering is catching about low single digit percentage of money laundering happening in the world. The reason for that is that the vast majority of money laundering actually happening in the cash and enabling nibbling many people to join a digital network with digital money with regulated on offramp. So meaning that even if you want to convert. Hurt Fiat money into libra, you'll have to go through regulated entities. If you're moving large sums of money and on top of that. No, she'll that transactions nibbling regulators to actually observe themselves. What's going on, on a network for other than only relying on institutions to report transactions, I think will only improve the effectiveness of money laundering, and that's definitely being done with, with this in mind. So I think that you can have the best of both worlds enabling people to use digital cash and their own custodian. And at the same time, not only meets the regulatory requirements, but improve on the effectiveness of money laundering programs and others. David Marcus there. Facebook's, head of Kaliba an organization that will work in tandem with the libra association. That runs libra with Bloomberg show Weisenthal. Meantime, we've got breaking news now about Maxine Waters house banking chair, she is asking for Facebook to testify on its crypto currency plans and to halt, any development of new crypto currency until they testifying regulators. Get a chance to review it. This is coming from waiters again, house banking, chairwoman Maxine Waters, asking Facebook to hull, according to Reuters development of libra until congress and regulators get a chance to review it, of course, we spoke about some of the skeptics other lawmakers, speaking out, this will certainly be an uphill battle for Facebook to win over regulators as Facebook is dealing with other regulatory issues on, on multiple other fronts will continue to cover it. Meantime, President Trump recently. Suggested that the US should follow the example of Brussels. Fantastic. Bureaucrats hitting the likes of Google and Facebook with antitrust investigations and find fantastic as the president's word Bloomberg's vonnie Quinn sat down with the CEO of video on delete sued earlier today and talked about what she is watching as antitrust investigations potentially take center stage in the tech industry. I think for for.

Facebook Bloomberg David Marcus Emily Chang Maxine Waters libra association US Joe Weisenthal San Francisco Mabel president Brussels Reuters congress Pseudonomas Google
"bank chairs" Discussed on WAFS Biz 1190

WAFS Biz 1190

09:36 min | 3 years ago

"bank chairs" Discussed on WAFS Biz 1190

"The glue in terms of Amazon's involvement, but we do know that they've been consolidation. Bring in the sector for a while. You remember that lost? You wanted to buy deliver and not deal fell through they can agree on valuations, and recently, we've had some activity between takeaway dot com and delivery. We don't know how much influence Amazon. We'll have it of city as a big fit. That'd be up to leverage global operations food delivery, and that's very negative. These UK pays and also those European Piz mentioned, so seeing tycoon com down around five percent today. Just the as an open with thinking around seven percents as well. And that one very negative when in gets involved in any industry. Yeah. Delivery hero trading down more than three percent as well. Some of these stocks, as you say Joe some of the worst before his own the stock six hundred EasyJet the best before my popping more than five percent Haya in this session. Take us through that. And also Thomas Cook, because that's very different story. Yes, easy. This is one way pretty much every lawn that you read the statement is negative. So the saying revenue beat down capacities incr- is increasing still, which big problem for the sector says, been over capacity in European market, and obviously overprices generally heading back up. It's another headwind for the airline sector, however, as you mentioned, eighty shows trading higher and lots of people often say why they all going higher and the feedback with getting from the banks is that is generally just a relief that there wasn't another profit warning, because we know the EasyJet, and, and the other European airlines have really come prone to releasing these prize. Warnings. So think kids, just relieved to say that there's not much change the outlook and not much change the full year, earnings estimates, easyjet's. Okay. Different sui, of course. So when it comes to Thomas Cook price target cuts Zuma, pencil, twenty eight Pence that city. Yes. So this one when we're going through. This one and this one really jumped out us. Don't really generally see price tug at being cut to their squadron unusual thing, say city, they've said press, Doug, as you mentioned, twenty Pence to their pets really negative update from Thomas yesterday. So just looking at that note, basically, what they're saying is when you take into mount into account, the amounts of debt, they said line tour operator has which I believe they say, is around seven hundred and fifty million pounds when you take that into account against the value of the business is really nothing left. So they cut their rights into so and I've probably talk it's zero. Pence is very unusual. And we sing those shares down ten percent today and fillets on from a slump yesterday. I've just got to break in and say Joe the metro Bank Hsieh's jumping seventeen percent. And I is the new slow around this. We had the Bank of England saying that metro Bank is profitable and has adequate capital. So those the comments that have come through. A this mooning at the Bank of England, a prudential regulatory authority welcoming the steps taken by metro banks of perhaps a bit of a positive reaction if the back of that quickly on a leash mall. So the profit missing estimates is that anything positive to be seen in these numbers? Maybe what we heard about China. I think the China is the big, big point is that China is probably better than expected. And also given oversee the tranquil concerns. But I they think that investors are expecting really negative outlook from China, China that hasn't happened in a c- come and train in interviews following the news has that she'd been pretty China. So I think that's the big postive today, which is why she has Monica high. Okay. Thank you so much. Joining us this morning. It's a pretty big Stokes supposed to eastern on London's TGI. Well, speaking of China, let's not without an all top stories this morning. China is signaling, a lack of interest in Zemun, go, see, as the government says that stimulants will be stepped up to support the domestic economy in this US, China trade battle in briefing earlier today, the national development and reform commission said that it is studying the impact of US tariffs and William chill vote is kept in a quote, reasonable range, now the US will blacklisting the Chinese telecom equipment, maker hallway is set to go into effect today, this balls, it's access to critical suppliers in the US speaking to Bloomberg yesterday. Coma secretary will they're all said hallway wasn't part of the trade talks, but at the US hopes than ago she Asians between the two nations will mitigate the kind of behavior for which the US is punishing. Hallway there is a significant danger to national security into our. Foreign policy of the existing situation. Well, if they're becomes different situation of this, we would be fact based. The US has long accused the telecoms equipment giant facilitating Chinese espionage on to convince allies, not to purchase its equipment for new five G networks. Meanwhile, the US cut steel tariffs against Turkey by half to twenty five percent the taxes raised a fifty percent in August as trade and diplomatic relations deteriorated Turkey told the WTO loss that the levees on steel and aluminium shipments violated the rules of international coma said that in another trade story, and in the UK Theresa May, is confronting the end of her premiership that's off to her own party forced her to agree to set a time line to quit as prime minister. Bloomberg's addicts Miranda's has the story. She exceeded to the deadline at a tense meeting with the executive of the nineteen twenty two committee of but bench tourism Thursday, I should try to get her already thrice rejected Briggs deal approved vote in the house of Commons in early June off to that vote and regardless of the outcome. Shumita game with the committee's chairman Graham Brady. To the time line for a leadership contest with her do unlikely to post the Commons. The race to succeed also throws open the shape of Brexit in Alex Morales, Bloomberg daybreak Europe. Meanwhile, on Thursday, the former four seventy boys Johnson announced that he will stand as a candidate to succeed to ISA me. He's been arguing for a holiday split from the block, then maze deal allows is that up to twenty candidates could be paying for the fight for the leadership position, including the current foreign secretary that show me hunt and the environment sexually Michael great analysis of the runs. Advises on the Bloomberg. Absolutely on a great profile Boris Johnson himself as well now turning to oil set for its biggest we gain since early April. So three days of gains is what we're looking at so far in a run this game that we've been seeing mainly all sort of Gulf angst concerns around Middle East tensions work. She giving up some of those gains now WTI trading flat sixty to ninety Ninety-one Brent lower by touch at seventy two fifty two. Of course, this comes ahead of Russia, leading a group of OPEC, and other oil producing countries in a meeting in Jeddah Saudi Arabia this Sunday. But it's Bloomberg energy and commodities editor, Stuart Wallis explains. Their conversation will be dominated by a member of the group who won't even be there, Iran. The ministers have an unenviable task ahead as they seek to navigate the tightening of US sanctions on Iran attacks on their oil infrastructure chaos. Across producers Venezuela in Libya, an- deepening freight will between the US and China the threatens to derail among other barrels at the same time there was like to be pressure from OPEC plus members such as Russia to increase supply important to take advantage of prices that already sold about thirty five percent of the Saudi Arabia, and tone is likely to be opening the tops, too soon. Could send prices crashing a mistake group may lost year in London. Shoot Wallace, Bloomberg daybreak Europe. Now, let's get the latest in global news headlines. His by Sandra Kilhof. Good morning. Good morning. Caroline US. President Trump is reportedly wary of. Join the US into a wool with Iran. It comes as the Pentagon is expected to release information that supports his warning of a growing threat from Tarran beanbags bubbling reports the evidence who said to include images of traditional sailing vessels carrying what analysts believe a cruise missiles, designed to attack targets slow-moving boats that could easily be discussed among vessels. That transit the Persian Gulf in routine commerce, one person familiar with the intelligence says there's some skepticism about its significance as to the US is headed for war with around the president told reporters, I hope not Bob moon, Bloomberg daybreak Europe. Meanwhile, Italian Deputy Prime minister, Matteo Salvini, says Trump is the kill that will fix his country being bags. John lane says Salvini is gearing up for the EU elections. The league chief is projecting himself as Donald Trump in the European campaign Sabine wants to copy, the US president on tax cuts and reject European Union. Budget rules markets honor us in Rhode on Bloomberg daybreak Europe. The natives polls ahead of Saturday's vote in Australia. It's putting the labor opposition marginally ahead of the liberal national coalition. That means Labour's Bill Schouten is set to replace prime minister Scott Morrison. This is ABC case fa- Chines. We site proudly to all the strikes, and the chaos vote, live vote for real change. But Morrison is hoping that recent PO economic data, we'll give him a last minute boost the choice between a government that knows how to manage money. Well, Bill, shorten and lighter. And finding a quick redhead head crossing the Bloomberg terminal this morning. The Ukraine government coalition has collapsed after apology has pulled out the Ukrainian parliamentary speaker, saying he's calling a start to new coalition talks that we will, of course update you on that story as soon as we get more information on that global newsprint day on tick on toys, powered by.

US Bloomberg China Europe Thomas Cook Bank of England President Trump UK Iran Joe Boris Johnson Amazon metro Bank prime minister easyjet secretary Caroline US Rhode Pence Bill Schouten
"bank chairs" Discussed on WAAM Talk 1600

WAAM Talk 1600

02:00 min | 3 years ago

"bank chairs" Discussed on WAAM Talk 1600

"Got a minor. Reprieve in orient bay. We're still working Donald Trump was a line. Do not do not cross line line in the sand. If you want to call it that that we the thinking lay down, but it's fire from over. We've got a lot to straighten out. Let's hope we can start doing that really quick. So Senate banking a in and the Senate, by the way, still run by something other than progressive, Democrats, socialists. And that's what they are. Democrats socialist Senate banking chair warns banks against targeting gun industry. I see real quick in this. I don't know what the punitive damages would be. But they're saying don't don't try and ruin people's businesses because you don't agree with what they make which is fully keeping with second amendment. He says here banks. This is crappo Senator crappo it pains me to say that he is the Senate banking committee head honcho. I guess he says Bank serve customers who are geographic. And politically diverse..

Senate banking committee Senate Democrats Donald Trump orient bay Senator Bank
"bank chairs" Discussed on WTVN

WTVN

07:29 min | 3 years ago

"bank chairs" Discussed on WTVN

"Chicago police officer convicted of murdering Liquan McDonald in two thousand fourteen goes before a judge for sentencing today expected to testify today. Sentencing hearing, a former Chicago police officer Jason Van Dyke his wife and oldest daughter asking for leniency is attorney earlier in the week asking for just probation or no more than six years in prison. But Liqun McDonald's family is also expected to speak at the hearing. Prosecutors submitting a recommendation that runs between eighteen ninety six years behind bars. Ryan burrow, ABC news, Chicago twenty eight of the partial government shutdown President Trump cancelled house speaker Nancy Pelosi's military transport for a fact-finding mission overseas a day after Pelosi suggested the president postponed the state of the union address because of the shutdown a three judge panel of the federal appeals court in New Orleans lifted a district court order, barring Texas from eliminating Planned Parenthood from the state's Medicaid program. The panel sent the case back to the judge for further consideration, Richard Cantu. ABC news schizo. Diamonds. Direct live line Jonathan Hoenig. Follow him at capitalist pig dot com. And stocks inching higher as strong Bank earnings says seemed to be underpinning that is that right? Yeah. I like that. I will get by. Let's hope so. Let's hope so for the economy's sake. Good morning. Yes. Good Bank earnings, and you know, the banking stocks were among those that were just most hit hard in twenty eighteen. So the fact that some of those earnings have started to impress in many cases, improve what analysts would expect one of the reasons you saw stocks stop that back a little bit yesterday. There's so many issues facing the market based economy by the shutdown is just one of them right now, probably even more pressing is still the trade terrorist and the threat of a global slowdown. So we're not out of the woods yet. But so far in twenty nine team. The fact that a lot of stocks, including the banks bounce back is a is a positive harbinger for ideally the rest of the year. That is great news. But I wonder too, you know, the people that watch money, you know, you let it ride that government shutdown for a while. But you know, when you hear that, hey, this group is not meeting, and advancing, you know, this effort, whether it's mortgages, or it's, you know, keeping an eye on the food supply or again, working on those trade issues that we have with China the longer that goes, it seems more likely that eventually it's going to have impact on the economy. Yeah. I mean, there's no question. I think those who are saying, well, you know, the shutdown not having any impact on the economy. I'll probably really missing the point. Yes. A lot of those federal workers, they will get paid. So that money will ultimately get paid out. But just the inconvenience the loss of productivity not just for those workers affected. But for the businesses those workers interacted with wish their paychecks. So you know, there's been some estimates that after three weeks to shut down as it affects already paid for the cost of the president's wall. That would it have cost economy five billion dollars. I don't know if I necessarily agree with that. But there's just no question that it's one of the factors weighing on the market, and you know, think of think of a CEO or just think of yourself with your own modest 4._0._1._K, whatever it is we have to make decisions every everyday about what we spend. What are we save? How we allocate. The fact it's so much of the political picture here in the states is murky at present certainly doesn't help that effort. No doubt about it. Jonathan Hoenig our guests. Follow him at capitalist pig dot com. It was interesting. I got a pretty big jobs number in December. And it looks like probably be in creation mode January as well. But the reality is there's more people that start to look for work. So it's actually harder to get one of those new jobs, isn't it? Yeah. It's the funny thing about January. This is the this is a month which most job posting on listed, you think that would be a positive potential Iranian essentials either side of the coin you at least likely to be hotter than this month. Because so many people are looking for work. Don't let it the sweet you all that's been stated about this economy. All it's about politics. This still is historically a tremendously good time to try to find a job. Now, we know that wages haven't been rising too much. Then it's certainly been a great ninety economy Drennan anyone who's working. But in terms of finding that initial first jobs now is a great time. And I gotta tell you Joel especially before politicize just a little bit. If I could before we start raising the minimum wage is this something you hearing from a lot of politicians, and I've seen little doodoo a lot about forget even the fast who workers any small business for a lot of businesses. They can't hire someone fifteen dollars an hour. I don't know nine or ten dollars an hour worth of work any increase the raise the minimum wage. I think the negative on the economy, but for now job market strong out there and get those work. I'm totally with that. You know, you circle back to more of a macro. Look, I saw some about the fed their beige book. And you know, you look at those twelve banks feeling good about twenty nineteen on that perspective or they they a little less optimistic. Well, you know, they say opinions are like files smiles. Yes. Everyone has a smile. Comes with members of the Federal Reserve your right there beige book out yesterday. One piece of the economic puzzle that we analyzed. The way the economy is going, and they as you said that's up mystic than they were in the latter. Half the twentieth. Trade tariffs are one element is at the Federal Reserve Bank. Chairs have been pretty explicit about the negative effect. That's having on the economy. But the jury still out Joe Trillo. You don't know how twenty nineteen will shape up unless it's been calling for a recession. We've seen slum some slowdown in the economy. Ultimately, it's all about your even the market is still so strong economy still so strong. We're still seeing businesses being formed do enterprises being created IBO's coming to market's great time to be in America. It's a great time to be in the economy, and I just won't give into these analysts and doomsayers who say that the best is is over. I truly think the best is get the comfort of economy for this country. We keep the right attitude. It's a great way to live Jonathan I got I got a minute before traffic and weather. I wanna hit you with this about a half hour ago became aware of a study out of Russia's higher school of economics. A doctor a PHD, Victoria Dobrynsky. She looked at investments in the world of Legos Hogwarts castle Djeddai star fighters beating large-cap stocks and bonds yielding a return of eleven percent smaller kits one that are one hundred to one hundred and fifteen pieces they were returning at twenty two percent. Will you put part of your portfolio into Legos? I told when I was seven years old. I had one hundred percent of my portfolio. And like the problem is like my Star Wars figures I played with them. I didn't keep the nice and in the box, and I ruined all of them. I mean, it's an amazing how certain collectibles have absolutely taken off. You mentioned Legos are one of them. The other collectible cars cars that like Porsches and Testarossa that's for just ten twenty thousand dollars in EBay ten years ago. Joel now going many times for five or ten times that so check out your closet. Check out your storeroom just might be the next big thing sitting right there. Their leftover from the eighties or nineties. I know I got LEGO money. I don't know if I got Testarossa money. So we'll talk and keep working our way that direction Jonathan Hoenig. Follow him a capitalist pig dot com. Always great stuff from J, ma'am..

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