35 Burst results for "Barrick"
"barrick" Discussed on MAD MONEY W/ JIM CRAMER
"You're doing a double from where it was trading this spring. How did they pull that off. I sisley delivery spectacular results. Well you might not be new with clouds there. It's hard to overstate the reach at the moment. Roughly eighteen percent of the internet is powered by their platform and they keep expanding just today. We learned they've grown the network by another twenty five percent of the point where they now in two hundred and fifty cities across more than one hundred countries. And by the way. That is exactly what i think. The talks got done so when the to university of their. Ipo let's check in an congratulate. Matthew prints co founder chairman. Ceo of cloud or get a better sense of how companies doing where. It's headed mr prints. We'll come back to buddy. Jim thanks for having me on matthew. Every time you've been on you've been on three times. I have seen the total addressable market grow now. How is that possible because most copies total just work. It is static. Yours is static house. That had i think from the very beginning at cloudflare. We focused on building something fundamental. Which was really a better network. And we have for the last two years since we went public focused on execution and innovation. And i think this week is really an example of that where it's speed week for us at cloudflare where we're literally reinventing a lot of how the internet works to make it faster and faster and so we've released over a thousand new products in the last two years and we we really as michelle. My co-founder likes to say are just getting started. Now i do see a contract that has got to be the greatest contract. You wanna know how you win a federal de federal government contract. We talked a lot of companies. Have been trying to get this business. You got it yet. We in our last earnings call. We were we were proud to announce that when the federal government was looking for a zero trust solution across any federal agency comparing us against a number of the of the other competitors in the space they chose cloudflare in order to provide our services. And so that's a contract that we think is going to really start to pay dividends next year and i think it shows how much we've been able to take the network that we've built an extended into additional areas continuing to make the internet. Yes fast yes reliable. But also incredibly secure for governments All the way down to small businesses. And it's been incredibly rewarding for our team. Now i like to cut these days is a pay years. Pretty much pertinent. I'd like to see right a front strong dollar basnet retention one hundred twenty four percent up from one hundred fifteen percent year ago. Could you please explain to people. Why how can you beat. More than one hundred percent net retention. Yes so what dolor basnet retention is is. It's almost like same store sales in other other businesses. If you look at the customers that were on your network a year ago. You have some that leave. And we're very fortunate that we have very very sticky product the customer stick around and then some that spend more and more if they spend more than those that left then you have a dollar basnet retention over hundred percent.
"barrick" Discussed on MAD MONEY W/ JIM CRAMER
"A pause last month. The ipo market. We'll come back with a vengeance. Yes regular viewers no. This is not a positive film for stocks. As i said at the top of the show we keeping flooded with new supply and that pushes prices down from nearly everything but even when we're drowning and third great deals. There's still some good ones that are worth taking a chance on just have to know how to separate the wheat from the so tonight. I'm gonna teach you how to do it in the last few must we've seen three relatively high profile travel stocks that you know the names of coming public either via trishaw. Ipo merges. and i'm talking about clear. Secure blade air mobility and wheels up these stocks have performed quite bailey. But that's exactly why. I'm willing to give because because maybe there's some goldberg a one with the dross when it comes to new and public stocks. I try to go bargain-hunting then chase it. Needs much higher valuations. Let's go to work here. We go through them one by one. Let's start with clear secure. This is a technology. Company handles biometrics their platform. Examines your eyes face and fingerprints verify your identity when you go to the airport. You've probably seen clear at the security lines. I'm a member there membership program. Lets you skip most of the lines of the arnie right now and go pull most for the most part and goes much less extensive screening process. Because you're already known individual while clear security got its start in airport security now expendable bunch of new markets. They cover one hundred six points at thirty eight airports twenty-six sports entertainment partners and also they handle health passes for covered nineteen along with dewi security at a growing number of offices restaurants theaters casinos and theme parks. Most important part. These guys are the first large-scale mover and biometric base identification. I think this technology represents the future both security and maybe put institutes actions. Clear secure is going to have a huge chunk of that market. Because right now nobody else comes. Close plus recently want a major ten year contract with the tsa help with enrollment for pre check applicants. But you know what that's not enough. Let's talk about the numbers. Those are a little tricky clear secure. Doesn't mentally tell you the total number of paid subscribers. I don't like that. They only goes total. Cumulative enrollments input which includes everyone who's ever signed since the platform's inception and they don't break out which services people subscribe to problematic even if some of these services are free for what it's worth that total commute cumulative enrollments number seven million last month that's up from five point five at the end of last year according to j. p. morgan the clear plus air travel program has more than two point five million current subscribers. So that's what we're going to go with previous number when you drill down. There are some real issues here though. Clear secures net retention came in eighty point six percent last year that is down from eighty five percent nearly twenty twenty that means they have nearly twenty percent term which is not good on the other hand their business held up just fine even when trap air travel collapse at the pandemic it because this is a subscription service which i liked. Plus the world's started reopening the second quarter bookings more than double your ear putting it all together my biggest problem clear secures evaluation. Either pulling that from its highs. Get this the stock trades at more than twenty five times sales not ernie's sales which strikes me as very expensive for a company. It's not expected to turn a profit. Twenty twenty three at the earliest. So as much as i liked the biometric guy destroyed due to i think there's way too much uncertainty surrounding the numbers to recommend a stock. This expensive i could maybe justify thirty dollars but forty four dollars too rich for me. Next up is blade air mobility. That's suspect you. We don't like spikes here but this one closed may we don't like because they lose money but think of blade as an uber style platform. Let you book helicopter in amphibious seaplane rides in areas. Where there tends to be traffic. They do a lot of business. Pin york city the hamptons or new york city in its various airports and suburbs. Think of it as a very expensive service for of course rich people who are too impatient to drive boom point eight to point the honestly of all the things. You could burn money on avoiding. Your traffic actually seems pretty enticing. I've not used it. That might seem a little provincial. But they're setting up city routes in the northeast billion network on on miami chicago l. a. Two long-term blade likes to tell a story about electric vertical aircraft which are more quiet than helicopters can use more roots of. Looks like something out of the science fiction movie though now. When blade air mobility started trading the back bubble had just burst and the stock got crushed singing merely twenty bucks in february. Two six bucks from changing may since the deal closes. Stocks been stuck between seven and eleven. It's currently at nine bucks in change. Reality hard over the past month now has some pretty impressive numbers. The revenues up two hundred seventy seven percent in the most recent quarter and upset and he percents between nineteen which is what really matters there nearly breaking even to for me. The best part is very right. Latest six hundred forty five million dollar barking. Get this six hundred forty. They keep that in mind. Eating copies has three hundred thirty. Three million in cash and short term investments at the end of june basically the businesses valued a little more than three hundred bucks three million bucks. Which is what the analysts expect by doing sales by two thousand twenty four.
Trump Inaugural Committee Chair to Be Released on $250M Bail
"The former chair former president trump's inaugural committee is scheduled to be arraigned on charges that he was secretly lobbying the U. S. on behalf of the United Arab Emirates even as he saw the diplomatic post in the Middle East Tom barrack was ordered freed on two hundred and fifty million dollars bail on Friday he was arrested Tuesday Los Angeles near his home Barrick is expected to plead not guilty to conspiring to influence U. S. policy on the UAE's behalf during trump's twenty sixteen campaign and while trump was president barrack the founder of private equity firm colony capital was among three men charged in the case in New York prosecutors say he uses long professional friendship with trump to benefit the UAE without disclosing his ties to the U. S. government I'm Julie Walker
Cuban Businessman Maximo Alvarez Warns Young Americans From Socialist Propaganda
"What is what is your. What is your message to. Those young americans haven't lived on communism didn't escape communism and who think that we need socialism in america. Barrick first of all understand that were. They're preaching he's propaganda full of life at least understand that there's nothing in the world. Just nothing's free in the world on the beautiful thing about this country. The allows work without effort. We can always do better on the real wealth of our country. You know at the end of our lives that we have made. These plays a little bit better than we have contributed. He's not how much money we have accumulated. Or how many acids. We are how we have provided older people. We get capacity to succeed just like we succeeded because the greatest country in the world. So i hope that people see what is happening to the neighbors ninety miles from here. Cuban people have to sixty two years of operation. Wayland the american flag. I don't know how they even got it. Because if you're seeing with the american flag in cuba you could lose your life your life. This is what is so amazing and then people from black lives matter. Cossio saying that the reason that the cubans are suffering is. Because i've been boggled my god. Embargoes started in nineteen sixty one. The people have said before. There's no pretty. They knew from selling the fish that you fish at night. Embargo doesn't prevent you from starting the business embargo. Listen prevent you from expressing your opinion that he's communism that he's people who are probably -tarian who only care about power
Trump Inaugural Committee Head Accused of Being UAE Agent
"The man who chaired Donald trump's inaugural committee has been arrested on charges alleging he was an unregistered foreign agent days before the twenty seventeen and all of your old Tom Barrick says he's long time friend gave specific orders the campaign is over I'm not president for all the people I want you to build a bridge and tie them back in I want to heal the wounds Derek is the latest in a long line of trump associates facing criminal charges federal prosecutors say the wealthy investor conspired to influence trump's foreign policy positions to benefit the United Arab Emirates well giving officials their sensitive information about trump administration developments two other men have been charged with Berwick Sager make ani Washington
"barrick" Discussed on KIRO Radio 97.3 FM
"I run every single day. I do all this working out and I do some things and Dr Barrick, I'm telling you, man. There's some love handles. That just won't move. I put a sweat belt around it. I try to sweat to the oldies. Don't move. Why is that? Why don't these things move? And is this the reason why people are coming to see Dr Parikh? Hey, can you take care of this for me? Yeah, that's a typical Structure. I see where a lot of they men that work out consistently. Diet they do look good. Or answer Advent or the front of the abdomen looks looks pretty much in shape, but they do have these love handles. It's a resistant area. Men tend to carry fat in that area. Women tend to carry fat in other areas that are resistant meeting Who died and exercise the fat typically in that area is more fibrous in nature. Um, which could could contribute to the fact that it doesn't respond. The same way to diet and exercise is some of the other areas. But liposuction is a good option for that, and I've seen really, really good results with that and making that definitely lean out. Mm. Well, I need all the help in the world. Dr. P. You know what I mean? But, uh, yeah, I need I need to really think about some things. I never thought I never thought it was a real thing. You did teach us today that there's no such thing as a zoom boom. Right? Uh, Dr P. We just got some text messages in already. People saying Yep. I got my eyelids done. Wait, people get their eyelids done. Yep. So, yeah. So tired eyes why? My eyes are looking tired. Dark circles and remember these procedures when we talk about we can also talk about non invasive, so meeting not just surgery, but also lasers, fillers Botox That's that's actually makes up the majority of the You know, large amount. Hundreds of 1000 procedure the United States performed in this area. Um, yes. So tired Eyes, excess skin of the upper eyelids. Easy to do in the office. Um, do them all the time under local anesthesia that really opens up the eye. And does a lot of rejuvenation makes the I look less tired and then the lower eyelid bags is a common complaint sort of baggy eyelids at the bottom. Um, which is a little bit more involved procedure, but that can be done. All of them can be done at one time at the same surgery if you want to, or break them up. Um, Dr. Footwear Island is about number two right now. Yeah, Doctor, bring. Do you have a special for, um, face for radio? Yeah. You got a special for that? I'm telling you, man, there's a lot of work to be radio. Hey, that is the voice of Yes, I do. That is Dr Rakesh Parikh. He is a double board certified plastic and reconstructive surgeon. As a practice over there in Bellevue board certified board certified plastic and reconstructive surgery. Dr. Parikh we really appreciate your time and thank you for helping us better understand, sir. Thank.
Master Chief in Fortnite
"Master chief coming four. It certainly seems so yesterday The item shop started to leak four. I often that while we were live yesterday. Cradles credos teaser. Images came in hot and heavy showing the greatest coming to fort seems to be one hundred percent true. I then made the prediction. That a game awards they would come out and the four hundred announcement would be house. Chief in sama's all being announced for fortnight This morning actually. Late last night New starting to break again. We are on hype x. Right now we'll be getting a halo co lab to if it's not scrapped. The skin is going to be master. Chief kevin if you click on it you click on capitol get a little bit bigger. I you can see. We have of course master chief there as the character. His glider is the pelican. Does that get you excited. They're all yet. It is a little hog there for when you must there. And then yeah. He's got his What gravity gravity hammer hammer. Sorry it's very pixelated pickaxe. Kevin if you want to go to the next one. This is four might have started it. What's the deal with the little word hug. Like when would. I think that's an email this little dance. You see how it's got little dance. I kind of I love it. Yeah that's really kooks that fortnite battle royale leaks. Twitter are the people who put this. Initially i think this is what barrett show shared last night in our for channel They say here's some images that halo cosmetics. These are confirmed to be real so again. Take it with a grain of salt as hypoc says it's not scrapped. This is what this looks like. One hundred percent believe it. I think this is all going to be a game. Awards announcement tim. Where's your head at the game stuff is the one thing i'm not totally locked in on. They haven't actually fully announced this to me that because that was about to say like why would they hold off one when they'd been announcing him so anybody that has been officially adopt. Or is that still. Okay okay. gotcha then. Yeah that that does make a lot of sense what's interesting about. This is stick into the salmon's theory because the in multiple ways sammy's is one of these things. It's not like the other when you have chief crato and sama's like if it was chief and sam is that kind of makes sense but it puts kind of a different level where like it should be. Mario you know as like the face of the company type conversation hold that it goes back to you i. i'm out. I'm totally outside of this ship. You guys are like all about this fortnight that's a fortnight household include. Joey she's freaking out and we're hanging out. She's trying to explain to me. She's like oh shit like man. Lloyd theory is it's bounty hunters and my first reaction was sarah. So it's i think there's multiple things leading to to sammy's even if it's not just the big three. The bigger question is doesn't intend to play nice because intendo go nintendo. That is the big question. And i think that that is. What's so fascinating to see. Is that yeah. It's a bounty hunter. Sees and talk about these hunters. They're doing all these different things. I think you can make a case for obviously not bounty hunter but in a different way cradles being hunter. Obviously she's being hunter and then for salmon. A bounty hunter is nintendo down to share this stuff in a crossover co lab. Are they down to have her running around with an ar shooting other people like roof. Yeah i don't know. I think honestly i. That's the one on the weakest on that. I think that they're standing in the way then. Is it just going to be crato in master chief coming together to or coming at each other to fight in the trailer or whatever for the announcement because what i'd like to throw in here. I mentioned this yesterday. That during a jesmyn doing zoom calls for the game awards right. He's been bringing on guests he brought on donald mustard of course the big for fortnight that you see every year of the game wards talking about it in donald's it something to this is gonna be a huge deal at the game awards for fortnight What i did hear a quick google. I'm looking at. I fire monkey. Who put all this together on their twitter and says in a recent zoom call with jeff key lean donald mustard. A few hints have been revealed about the future fortnight. This info comes from a source. Who would like to remain anonymous harvard. Credible rationing who's on the call. There will be an announcement at the game wars for fortnight The game wars will take place in two separate tenth. A new recording session with troy baker took place. That's already happened. 'cause we know that stuff right This season is the biggest event they've ever done and it will change the future of fortnight when asked about getting more when asked about getting items smash brothers universe donald muster simply stated. He can't comment about it. One of the things. I brought up yesterday. A loose manner was this. The quote of this is the biggest event they've ever done and it will change feature a fortnight. I think when you hear that coming off the back of the marvel season somebody who. I love playing the marble season at the end. We all were super into me. Barrick have a blessed joey. Roger who kevin keeps dragging into these things even though he i don't like him being on our stuff all right. I'll say it. He's a part time editor. He doesn't deserve to be around as much as i mean. He's killing bats. The one reason. I'll let it keep happening right. Keeps me alive. Say this on a need.
Energy Stocks Are Booming While Gold Prices Fall After Pfizer’s Covid Vaccine Announcement
"Energy produces a rally on the prospect that a vaccine will revive economic growth and travel among U K ers. B P is up 17.5% and world that Shell was up 14%. Brazil's Petrobras is up 10% gold mining 80 yards or lower along with the precious metal, which is headed for its biggest loss since August. Cannons. Barrick Gold is down 8.1%. And Kinross gold is an 8.5%. South Africa's angle Go the shot is down. 12% and gold fields is down. Almost 15%,
"barrick" Discussed on The Peter Schiff Show Podcast
"Then the only safe haven that you can choose is goal or you could use silver right or you cashews mining stocks. So this big news, we could see this this is going to continue. In fact, we got the CPI on Wednesday for July and it was up by six tenths of one percent. It was twice expectation. So another upside surprise just like the PPI that we got on Tuesday, but goal did not sell off on that higher-than-expected consumer price index the way it sold off on the higher-than-expected producer price index but the big jump was in food I've been talking about the podcast that food prices we're going to go up four point six percent year over year increase in the price of food. and. If you just look at for eating out in restaurants, it was three point four percent that number is going much much higher in the months ahead I mean you're going to get very very expensive to eat at restaurants. The big increase was in beef prices look at fourteen point, two percent year-over-year increase in the price of beef. So eating is getting a lot more expensive in America and you ain't seen nothing yet. This is just the beginning of the price increase. Again, we're going to see price increases across the board. You know everybody is still talking about deflation. I. mean. This is such nonsense and again you they're using the word deflation to describe falling prices right deflation a contraction of the money supply. So let's talk about prices. Everybody's still thinks that cove nineteen is going to reduce prices why? Because it's reducing demand, right? That's obvious. Right. People are not buying as much stuff. We're not traveling or not going out and so that decline in demand supposedly is what's going to take the pressure off prices and so the central banks, the Federal Reserve doesn't have to worry about inflation because of all this demand destruction from covid nineteen look. The initial reaction. To Cove Nineteen was drop in demand I get that I talked about that people were caught by surprise you had all this inventory and all of a sudden people weren't buying and prices went down across the board for everything right but that's just the first reaction because then the market responds to the reduction in demand by reducing supply. So I demand goes down and then price falls but now that decline in price sends the signal to the producers you're making too much and now production goes down. and. So after supply comes down to meet the reduced demand, now you get a new equilibrium price, which is much higher. We're now the market will clear and believe me the new equilibrium price with lower demand and lower supply is going to be much higher after. Cova. Than It was before Cova for everything I mean wait till you really see the surge in the price of oil I mean I'm just waiting for that oil market to break out to me it's going to happen and it's not just Going to be the food prices that are going to be going up is going to be oil prices are really good example of how this works is going to be with airlines. What happened initially to airlines right kick prices collapsed right nobody wanted to fly and the planes were in the air and so they lowered prices everybody was competing all the routes had been scheduled, and of course, the government was actually subsidizing airlines paying them to fly the planes even if there were no passengers and so the. Ticket prices went down and everybody's like, oh This deflationary look how cheap airfares are well, I was reading this article the other day about American. Airlines now, just cutting a lot of flights to a lot of cities smaller cities are no longer going to be serviced, and this is what's going to happen across the board..
"barrick" Discussed on The Peter Schiff Show Podcast
"But now when you have the Oracle of Omaha Warren Buffett, right buying gold in Berkshire, hathaway's portfolio or gold stocks and believe me. Buffet wouldn't be buying a gold stock if he wasn't bullish on gold, in fact, Gold Stocks Represent a leveraged bet on gold. So in order to buy gold stocks, you generally have to be super bullish on gold because you want to have an investment that is leveraged to the price of gold meaning that it will go up more than the price of gold if gold goes up so by buying barrick gold. Buffet is showing that he's even more bullish on gold and he would be if it was just buying for example GOP, which you may have already bought two. We'll find out when they file the next thirteen. F right for this quarter but I think this now is going to put. Gold, stocks back on everybody's radar. And not only again does this green light other institutional money managers to buy gold stocks. But now if they don't buy gold stocks and they under perform because they don't have gold stocks, now they may risk getting fired because if buffet is doing it for Berkshire Hathaway, what's your excuse for not doing it for your money? So now instead of people worrying about looking foolish for buying gold stocks, their word about looking foolish for not buying them, and of course, the risk is now gone because if you go and. Buy Gold stocks now, and they go down. If it doesn't work out, you don't look foolish because after all Warren Buffett did the same thing. So if you're simply doing what Warren Buffett does right the Oracle right? He is the Daddy I mean. So if he has blessed this trade well, then if somebody else makes the same trade well, Hey, I'm just doing the same thing as Warren Buffet so don't get mad at me. So I think this really is the potential or has potential to be a watershed moment for. Gold and mainstreaming gold and gold stocks. And not only is buffet buying barrick gold. But. If you look at what he's selling, he's selling financials he lightened up on all of his bank positions. He's basically doing what I already did. Right? What have I been telling people on my podcast get out of banks and buy gold stocks..
"barrick" Discussed on The Peter Schiff Show Podcast
"The big news is Warren Buffett's new love for called after the US stock market closed yesterday we got look at the latest thirteen f filing for Berkshire hathaway and for the first time and I don't know how long in that disclosure was a brand new position in barrick gold. berkshire-hathaway invested over five hundred, million dollars in barrick gold. Now, of course, five, hundred million may seem like a lot for ordinary people but obviously, it's not that much for. Berkshire. Hathaway or Warren Buffett. Although that is the position that Berkshire had as of the end of June. Now, it's been almost seven weeks. Since that quarter ended. So my gut feeling is that by now, Berkshire Hathaway has a lot more shares of barrack than it had at the end of June. In fact, I'm willing to bet that berkshire-hathaway might actually own another gold stock in addition to Barrick Gold and the reason I feel that that's possible because Warren Buffett knows that once his disclosure is made public right once people know that he's buying gold stocks well, now he's going to have a lot of competition. There are a lot of people that liked to mimic what? Warren. Buffett is doing and so once it becomes public knowledge that he's buying gold and gold stocks he's going to have a lot of competition. So if Warren Buffett is smart, he knew that he would have maybe. Another seven week window right to quietly buy more shares of barrick gold before the street wised up to what he was doing, and maybe buy more shares of other gold mining companies. Now that the cats out of the bag, everybody knows what he's doing. He's going to have more competition and I'm pretty sure that basically this is going to green light. A other institutional investors to buy gold mining stocks because you know I've been talking for years trying to convince a lot of these guys to buy gold and gold stocks that really it's like beat my head against the wall. I've always found it very difficult to convince people who are managing other people's money to put money into goal their gold stocks, I. I have an easy time convincing people to put their own money into gold stocks. But when it comes to other people's money, they just don't want to do it and I think the reason is that nobody wants to go out on a limb I mean because these guys who are managing other people's money, their main goal is not to look foolish and not to underperform the competition, right. So if you are a manager of a pension fund or an endowment and you're GonNa get reviewed, the key is that you need to just not underperform. What is your incentive to go out on a limb and do something unorthodox like buy gold stocks because there's nothing really in it for you because even if you're right and you outperform all right I mean it's not that big a deal. But if you're wrong and the gold stocks go down and as a result of your bed on gold stocks, you're unorthodox outside the mainstream bed you end up underperforming everybody else I mean you're going to get fired I mean. Why go out on a limb for no reason in fact, the minute you start buying gold and no one else is doing it. Your peers are going to start to make fun of you. So I think the incentives that these guys have they don't want to go out they don't want to risk getting fired by doing something unorthodox..
First coronavirus case of unknown origin confirmed in US
"Nineteen or the corona virus has taken over nearly every news outlets coverage this week including here at CNBC last night. The CDC confirmed the first US Corona virus case of unknown origin a northern California patient with no known travel history to affected areas or contact with another case. This could be the first instance of so-called community transmission in the United States. The news broke on the same day. That Germany's health minister warned. That country is at the beginning of an epidemic with chains of transmission that can no longer be traced. The virus has now spread to at least forty seven countries in the world. Health Organization confirmed that new cases outside of China have surpassed those inside China in Japan. All schools will be closed through March as cases approach two hundred in Iran with two hundred forty five infected and twenty six dead. Friday prayers have been cancelled in South Korea. Case numbers are over seventeen hundred. Here's Joe with Becky. Andrew and our guest host this morning Barry Nap of ironsides economics president trump as you probably have heard by now held a news conference last night to reassure the American public and Wall Street That the US government is prepared to respond to an outbreak of the Varsity is appointing Vice President Mike Pence as a point person for the US response and Aiming Jabar's joins us now with more What are you got yeah? We'll look this appointment of Mike Pence by the president of the United States. The White House has gone back and forth about whether or not they were going to appoint a czar. The president insists. This is not a czar position. But Mike Pence's appointment here does. Elevate the administration's response and the president was in sort of a delicate position. Yesterday he was trying to reassure the public that the United States government is fully prepared for this but even as his health and medical advisors were suggesting to Americans that they'd better brace for more cases of Corona virus inside the United States. The president had this to say about whether or not the virus is going to spread. I don't think it's inevitable. I think that we're doing a really good job in terms of maintaining borders and turning terms of letting people in in terms of checking people and also. That's one of the reasons I'm here today. Getting the word out so people can till no they're GONNA now no. I don't think it's I don't think it's inevitable. I think that there's a chance that it could get worse. As a chance he could get fairly substantially worse but nothing's inevitable and Joe. The president also reached for other explanations for that two thousand plus point Dow Jones. Dropped that we've seen in the market this week. Here's my exchange with him on that pretty clear. The Dow Jones dropped more than two thousand points. This week suggesting that was overblown. Our financial markets overreacting. Here I think financial markets are very upset when they look at the Democrat candidate standing on that stage making fools out of themselves and they said we have to have a president like this and always a possibility. It's an election. You know who knows what happens now. Joe When I pressed the president he did acknowledge that the virus played some role in the two thousand point. Selloff that we've seen here but this is the president who clearly is looking for other explanations for that stock market. Sell off. Not Happy with what you've seen both in the stock market in terms of the response by some of the people on his own medical and health team the president sort of walking that fine line here between reassuring the public that everything is under control and try not to really set off any kind of panic either in the public generally or in financial markets too. Yep and you heard all the SCUTTLEBUTT and in in media sort of Even before the President spoke about there are times in a president's tenure with defining moments. And you know we don't need to go over the list now. But and the reaction of the administration to those defining moments can mean a lot for the look back at the tenure of president. So I'm sure there's a lot of sensitivity to that as well and it is a fine line and even if you know love trumps hate trump. Any president put in that position yesterday probably would have been a strain to walk that same. Fine Line between trying to reassure the country but not trying to sugarcoat it too much top tough position to be in yet. And you talk about the look back to the president's tenure. These kinds of events can affect the length of the presidential election. Coming up right is not lost on him and his aides in the White House that this sparks any kind of economic ripple effect. If they're accusations that they've dropped the ball or mishandled. This allowed Americans to get sicker than the otherwise recipient a global slowdown or recession in the stock market. Break that it's worse than your garden variety. Correction there's a lot of a lot of the enormous amount at stake for the White House. All right Even for more on the president's response to Corona virus fears. Let's bring in our guest. Dr Scott Gottlieb he is the former FDA commissioner and CNBC contributor. He also serves on both visor and a luminous boards and got. It's really good to have here today. Thank you How should we be looking at this? How are you looking at this? Well I think we're entering a new face. I think we're going to have community transmission. The states already do this probably cases in major cities dozens maybe hundreds not thousands at this point and we'd be seeing that but the California case demonstrates the transmission and epidemic isn't inevitable but we need to start taking concerted actions right now. We need to crash development of Therapeutics and a vaccine we need to dramatically broadened screening and people need to start getting prudent. Simple changes in behavior can have a very big impact when distributed over large population handwashing. Staying home when you sick workplaces changing practices we might need to start engaging in broader mitigation steps to engage in social distancing. Another things like that. You say workplaces changing changing What do they need to do? I think you need to start thinking about flexibility for employees employees. Sick how they can stay home how you can support employees with things like daycare and other things that can keep them out of the workplace. If they're sick we need to start thinking about if we're going to have to change practices to to limit social contact cancel large meetings limit travel. We're not there yet. But those are the kinds of things that you would need to do to prevent an epidemic spread. We will have outbreaks here in the United States. It's inevitable but we do not need to have an epidemic here. We can't avoid that when you sat down at the table you pull pure l. out of your pocket and actually did this year hands. What what. What does that do in terms of improving your chances of getting sick? Well look I think a lot of the transfer people worry about Aerosol and there's a certain amount of things that we can do to prevent that I think a lot of the transfer this probably touching and in touching your face So if you're on a plane it's not the air on a plane it's somewhat passing out cups on the plane to all the all the airline passengers but I thought that parral didn't kill viruses. It kills the virus virus. It appears that this viruses. It lives on services for a period of time. But it's not a hearty virus so alkali away. Shaking hands is barry barbaric thing to do. Are you shaking hands with anybody or trying to avoid it? You don't agree on. I don't agree with using the word barbaric. I think that at a point like it's a good idea not to but I think if you weren't worried about it it's it's a human thing to do to look someone in the eye and I don't think Nancy Barrick Barrett Dakotas that there was a study that showed that fist bear transferred by ninety percent. Yeah all right. What about the fist bump? Because there's no germs here. It can cut your seriousness. I think the backstop that we have to prepare that this is not something that's going to start and stop. This could become something that we have to live with. What's going to inevitably be backstop against? It's going to be a therapeutic vaccine. We need to invest very heavily therapeutic already. Theoretically we're not GONNA have a vaccine for at least off so why not. Why not focus on on something that lessens the severity and Rendez severe looks promising? And it could be here. That's Gilead and also an antibody based prophylaxis regenerates working on those things could be near term opportunities. Something
Six convicted in gang rape, murder of girl, 8, in India
"A court in northern. India has found six people guilty of the rape and murder of an eight year old Muslim, go a case, which triggered widespread anger across the country. The victim was kidnapped raped and bludgeoned to death in a Hindu temple last year in Indian-administered Kashmir. Rajini virgin oven reports in a country where rapes are reported on a daily basis. This was above Barrick crime, which shocked India and the world in January last year an eight year old Muslim girl was kidnapped and held the Hindu temple in the town of customer. In Germany, north India, she was drunked tutored in gang raped repeatedly before she was killed. Those convicted include a retired government official in four policemen. Some of the offices were found guilty of tampering with evidence. One of the accused was acquitted investigators say the perpetrators plan the crime to drive away in a magic Muslim tribe. The little girl
"barrick" Discussed on News Radio 690 KTSM
"You have to Bruno Barrick. What's your, what's your take on? You've you've not been for those that do not know. I mean in, in your visits on this program. You have not been a big cheerleader for Donald Trump. I've been at from skeptic from the day, he announced and I'm still a bit of a Trump skeptic, although I'm also sceptical all things left of center, these days, given their behavior. So I, I look at this what I think is fascinating about this. Is that it would be wonderful? If you could find some non polarized, non-ideological, people, perhaps who speak English, but come from another planet, who could look at all of this truly objectively, and I'm not even saying I'm very objective on it truly objectively, and see what's going on. But, you know, let's put it this way. Everything could be possible from Trump having been colluded with Russia, to Trump having never colluded and the Obama administration creating an operation to go against a political opponent, which there's plenty of evidence or let's put it there's plenty of smoke on. Both sides for everybody to pot to look at those facts and say, oh, you could it could go that way. So right now, like the idea that William bar is looking into the predicate for this. I like the fact of William bars looking into it. And I think one of the things that's interesting about Mueller's testimony is that he didn't go after bar. He didn't say bar lied. He has not thrown under the bus like all the Democrats are trying to do right now. Probably because he knows that, that's not that, that, that, that's a political ploy impeachment is a and I keep on trying to remind people impeachment is a political act is not a legal is not a legal process. And what I think that the FBI has tried to do in the special council has tried to do is they're trying to create the environment for an impeachment out of a very, very specious set of facts that was developed through this Russia collusion thing..
Mark Hristo Barrick, Barrick And CEO discussed on Bloomberg Daybreak: Europe
"Reporting earnings beat estimates for the first quarter January now from Toronto is CEO, Mark Hristo Barrick, Gold, Martha to see you. This is the first quarter since the wrangled Barrick merger. Also says the JD was announced with the new Mon. The big headline was the asset sales about one point five billion through next year. What are you selling? So the non those assets that we feel would be better and other people's hands. You know, I think they as you say solid quota and Ola assets apart from those going to closure performed inland with plan. We had no assets that didn't make contribution to the bottom line. But as we said, we want to focus on Tijuana assets and Qiaotou assets that does assets that Doug, particularly. Town strategic filters. We gonna look to put them in other people's hands who does other people and how what's the interest that you can gauge so far. So we've we've started working towards that. I mean, the most important thing remember is ensuring that our stakeholders the other parts of of of the businesses are consulted property that we do it in a way that they benefit and
Troubling: a death in Northern Ireland
"South This economists podcast is sponsored by linked in jobs. Hello and welcome to the intelligence on economists radio. I'm your host Jason Palmer every weekday. We provide a fresh perspective on the events shaping your world. A minority of South African people have steadied formal jobs too many, including a large fraction of the country's youth do piecemeal work or are unemployed altogether. We look at the efforts to bring the young into the workforce. And there's a lot of talk about public figures particularly candidates in America's upcoming presidential race speaking, multiple languages, what's with these polyglot politicians. But I. A funeral will be held today for a young journalist from Northern Ireland who was shot dead last week all for the loss of lira. Our hopes and dreams all of her Mazen potential with snuff type a single Barrick. Lira Mckee had been reporting on violent unrest in the city of Londonderry. We believe this to be a terrorist act. We believe it's been carved violent Republicans yesterday. A group called the new IRA took responsibility for the killing it even apologized. The incident was shocking reminder of the fragility of peace since the end of the Northern Ireland conflict known as the troubles. This was an attack on everybody in northern. It. Doesn't matter if you're Catholic or Protestant. British are this is an attack on democracy? The troubles began in the nineteen sixties and painted mostly Catholic Irish nationalists against the British army Northern Ireland police and mostly Protestant loyalists. For three decades violence and terror was a part of everyday life, the turmoil claimed more than three thousand five hundred lives, but in nineteen ninety eight the Good Friday agreement largely brought an end to the conflict today is about the promise of a bright future. Dave, and behold, a line can be drawn bloody past some low level violence continued, but this latest killing has fear and outrage. The funeral today of Larry Mckee is going to feel in many ways. Like, we'll most states occasion. Tom Wainwright is the economists Britain editor where expecting to see the Irish T show that the prime minister will say the president of island the secretary of the UK as well as low two local politicians from Nova Nyland, of course. And so it's going to feel like a big deal, and it really is a big deal in Northern Ireland. This kind of killing of innocent civilian in what seems to have been a terrorist attack something that really has shocked people. It's by no means the gnome since the peace agreements of twenty one years ago. This kind of thing is much less common than it used to be in people here really really shocked by what happened last week, and Tom what can you tell me about the group responsible for misbehaves death, new IRA and its relation to the other groups with IRA in the name, it's it's a bit confusing. Picture it is it really isn't. I think to understand that you've got to go back to the Good Friday agreement of nineteen ninety eight and. What happened? There was that the IRA and most Republicans agreed to end any kind of struggle and take their fight for the United Ireland to the debating chamber of the streets. But at the time there was some Republicans who disagreed with that to this represented, a capitulation, and these guys who are now widely noted dissident Republicans have continued that struggle on a fairly low level. But nonetheless, they are security worry five the security agency raised the threat in Northern Ireland is severe they have continued trying to police officers, for instance. And so why do the new IRA kill Lear mckie? Well, she seems to have been killed by stray bullets. She was watching a riot taking place in the city of Londonderry Derry as it's known to Republicans, and she was watching from next to police come and she was shot in the head and later died, and this riot was kicked off really after police had been raiding homes in the area shortly beforehand seems that they were concerned on the. The Easter rising some local Republicans might be out to coast trouble. And seems that some cycle dissident Republicans is this as a excuse to get that people on the streets and co some trouble and the new IRA said it was an accident and apologized there's some significance to that. Right. There. Is yet seems that they really feel as if that on the back photo of this that agreed which has said, the it's propensity is violence to said that the Republican coups, but they seem to be well aware that locally these kinds of acts of violence in which older NRI innocent civilians killed or injured go down extremely badly and really risk setting that goes back, and we've seen evidence of this already in dairy, the headquarters of a local political party, which is supported by the IRA people being smearing red painted handprints on their offices a form of protest and lately various Republican murals have been graffiti as well by people saying things like not in my name. Name. And so they think realize that this could set them back in a big way. Police also reporting that moving one hundred people have sent them with information about the killing and in a city like Derry, that's really unusual. This is not a place where people have historically been happy to talk to the police about Republican activists. So we could be seeing Quanta change. So do you get the sense from all that then that there is just simply less tolerance for the kind of violence that was so common during the troubles. I think that's right. I think since the Good Friday agreement which was almost exactly twenty one years ago. Many people in Northern Ireland of come to see the peace that's being achieved is enormously valuable, and the idea of going back to that is something that really worries a lot of people. And I think most observers thing that the chances of returns to scale violence, very slim, but any sign that violences on the rise is obviously a worry, especially at the moment with Brexit going on which is causing all kinds of problems for Northern Ireland. We've also got the problem of the Northern Ireland assembly having been suspended now for more than two years. So there's a feeling Northern Ireland is inevitable position so events like this do concern a lot of people that people worry that things are being destabilized that, but you mentioned Briggs in in passing there. Do you think that all the negotiations and the degree to which Northern Ireland has been such a lynchpin of the negotiations has sort of reignited tensions? It's certainly reignited tensions. Yeah. We haven't yet seen a big kicking off of large scale violence or anything like that. But tensions absolutely have been heightened. And it's not surprising because the peace deal made back in nineteen ninety eight really hinged in many ways on the UK an island shed membership of the European Union that help to enable these countries to have a border, which is not just open. But invisible, I mean, if you go there and drive between Northern Ireland and their public of island, you can do so without even realizing that you've crossed the Boda, and of course, membership of the EU means the two countries of members of the single. Markets, and so no customs checks needed and since nineteen ninety eight people know of Nyland being able to choose whether they take Irish or UK possibles in many ways, they've been allowed to feel as if they are either Irish Oprah show oath if they want and so the UK now leaving the European Union really will subject that to strain. And it's clearly pulling the UK an island upon a way that nobody on typically to twenty one years ago and many people particularly in the Republican community. Most of them voted to remain, by the way, think that Britain is in some way reneging on agreements that were made or hinted that twenty years ago, so it is a time of heightened tension. Yes. Tom. Thank you very much for joining us. Thank you.
"barrick" Discussed on Radio Free Nashville
"We expected that was the late father. Dan Barrick and talking about the action. They took back in the eighties during the Reagan Bush years at king of Prussia Pennsylvania, which really launched the modern day u s Plowshares movement Carmen, you're a dear friend of other Dan baragan. This also is your first action though, you have been a leader of the Catholic worker movement in New York City for decades and talk about the decision you made to engage in the action now facing years in jail. Could mention that. I was part of three par Plowshares actions relevant groups and wasn't able myself to go forth with those since and I really put it off for very long time. So it's thirty years later or thereabouts. What it comes back around twenty years later. Great deal of it had to do with the community that had gathered so many of them coming out of the Catholic worker these were dear friends, four of the seven of us went to Guantanamo together. So we've been to protest president militarism protests torture, going on Guantanamo at the time. There was a prison to strike back in two thousand five and so to walk into the room and sees people once I decided to to explore again to see the people that were there was phenomenally compelling. Also all of this occurs. In the context of all those years of the Catholic worker, there's war in there is war, and there's war, and we are seventeen years war enough, Coniston and. So all of our work all of our the protests in the city had been. Seemingly easily dismissed every arrest in the city led to the only punishment. They gave you that. You went to court six times, and they would never actually give you a trial. And then there would dismiss the case. But they made you come to court six times over the period of the year. So this is the tap root of violence, really the nuclear system, the baragan pointed that out pretty early, and and we could not have chosen an certainly a better time to do it. Given the nature of the weapon systems now and the pulling out of the treaties treaty, and if we pull out of the star treaty. My understanding is nuclear weapons will be entirely on regulated for the first time since nineteen seventy-two harm and try to have kings bay ploughshares. We'll be back with him in his cO defendants after break they face up to twenty years in prison for entering the US nuclear submarine base kings bay Georgia the system Christian now back in thirty seconds. We will rise by Colleen cow. This is democracy. Now. I mean,.
"barrick" Discussed on Bloomberg Radio New York
"I'm Jim also. And I'm Ed Baxter Newmont Mining says. No, thanks rejecting an unsolicited bid from Barrick Gold. That would have created the world's largest gold producer Newmont Mining CEO. Gary Goldberg told Bloomberg's at Hammond, he'll be meeting with Barrick Gold. Mark Bristow to talk through their differences and to discuss a potential joint venture in Nevada near the joint. Venture is a realistic and bona fide offer to sit down, and that's what we need to do. We haven't done that sit down with Barrick and work through the details to be able to deliver. What we both believe our synergies that are available in Nevada for both our shareholders our approach we've taken is. We've reviewed what they proposed here week ago. We look at our own track record in terms of delivery. We're up sixty five percent and total shareholder return since two thousand fourteen barracks down twenty two percent. We've we've looked at what they've proposed and it just doesn't stack up against what we've got in terms of the gold. Corp transaction to be able to deliver that four point four billion in value from things we've identified by applying our proven operating model to our assets versus what they've proposed. And also we believe we can get both. We can do the Goldcorp transaction and work with barracks deliver that value from Nevada rancher what they propose so Bristow asked you for meeting. Have you accepted there? We have I've gone back to them. And I'm looking forward to hopefully, catching up with him. This will be to discuss the JV or to discuss the potential for merger. This'll be the discussion on the joint venture with what we proposed. So obviously the offer they made their opening.
Barrick, Newmont work toward joint-venture deal
"Newmont Mining says. No, thanks rejecting an unsolicited bid from Barrick Gold. That would have created the world's largest gold producer Newmont Mining CEO. Gary Goldberg told Bloomberg's at Hammond, he'll be meeting with Barrick Gold. Mark Bristow to talk through their differences and to discuss a potential joint venture in Nevada near the joint. Venture is a realistic and bona fide offer to sit down, and that's what we need to do. We haven't done that sit down with Barrick and work through the details to be able to deliver. What we both believe our synergies that are available in Nevada for both our shareholders our approach we've taken is. We've reviewed what they proposed here week ago. We look at our own track record in terms of delivery. We're up sixty five percent and total shareholder return since two thousand fourteen barracks down twenty two percent. We've we've looked at what they've proposed and it just doesn't stack up against what we've got in terms of the gold. Corp transaction to be able to deliver that four point four billion in value from things we've identified by applying our proven operating model to our assets versus what they've proposed. And also we believe we can get both. We can do the Goldcorp transaction and work with barracks deliver that value from Nevada rancher what they propose so Bristow asked you for meeting. Have you accepted there? We have I've gone back to them. And I'm looking forward to hopefully, catching up with him. This will be to discuss the JV or to discuss the potential for merger. This'll be the discussion on the joint venture with what we proposed. So obviously the offer they made their opening
"barrick" Discussed on Bloomberg Radio New York
"Are at the executive conference here in Arizona. Right now, let's get a check on spa. Make cap shares a little bit of weakness there. Dave Wilson, Bloomberg stocks editor joining joining us from New York. So what's driving that definitely a bit a week this Lisa when you see the Russell two thousand index down six tenths of a percent, the S and P five hundred higher by one tenth of a percent. One of the biggest declines in. The Russell belongs to children's place, whose ticker is P L C E that stock down ten and a half percent. The retailer posted disappointing results for the fiscal fourth quarter and forecast an unexpected first quarter was on top of that children's play said it would buy assets of the bankrupt chains Gymboree and crazy eight a Hawaiian holding ticker H A has fallen nine percent. The carrier was lowered to sell from hold at Deutsche Bank, which cited Southwest Airlines imminent debut of flights to Hawaii south west got US regulatory clearance to. Begin those flights last week. Now, why the Russel's biggest gains belongs to blue-green vacations, ticker be x g the timeshare owner is up eighteen and a half percent after bbx capital, buyout, other shareholders Rabab one hundred and fifteen million dollars. Bbx owns a ninety percent stake. At the moment, actually, blue-green skein is the biggest in the Russell. We're also seeing gene therapy. Stocks higher after Biogen. Agreed to buy nights star therapeutics were about nine hundred million dollars. So you've got Voyager therapeutics ticker V, Y G R up nine and a half percent. And that beer and biotechnologies ticker on that one AD VM up about eight and a half percent. Bloomberg stocks editor, Dave Wilson. Thank you so much. Well, Newmont Mining has rejected. Barrick Gold seventeen point eight billion dollar unsolicited takeover bid a deal that would have created the world's largest gold producer. We've got. Ceos are attacking each other in their performance since the deal was announced. US goldminer instead offers a joint venture for Nevada mines lots of moving pieces here to help us kind of piece. It all together is Danielle Bo cove Danielle is Bloomberg's of metals and mining reporter in Toronto. So Danielle thanks so much for joining us. What is the latest here for this this deal this massive deal in the metals and mining space, the latest is that we've we've had this rejection come from Newmont this morning. Everybody was largely expecting this. But they hadn't responded when Barrett came through last week with an unsolicited proposal for Newmont Newmont had an obligation to tickets to take it to its board. So that's really what's been happening over the last week, and they've been reaching out to investors and they've come back, but it's not just a clean rejection. It's a rejection, but they're also proposing their own alternatives. So they're saying we don't want to do a full merger. With barrick. What we do wanna do. Excuse me as continue to go forward with our own proposed merger, which is a. A takeover of a Canadian company called Goldcorp? But in addition to that, we'd like to sit down with Barrick. And we'd like to talk about a joint venture in Nevada where both companies have some assets. So it's kind of like they've rejected the one deal and they've come back sort of with a two part deal as an alternative, and everyone seems happy because if you look at the shares of all the companies they're all up a little bit. So basically people saying this is a great kind of Koumba yacht moment is that is that what you're hearing from other people who invest in these companies. Well, yes, I mean, I think that's true. And the interesting thing is that the major shareholders of Newmont and Barrick and to some extent Goldcorp, but definitely new Martin Barrett are the same shareholders. So it seems no matter what deal comes through. There's going to be some sort of synergy seemed likely now between these companies. So I think I think that that's right. But ultimately, you also have to companies that have a pretty long legacy of hostility between them, and they have very different. Views on what the best course for shareholders is going forward. So shareholders are going to have to make a decision about that at some point. And. Yeah, one one side will definitely end up winning. So then you'll I mean, I guess the ball now is in barracks court are they where do you think they do are they okay with just this limited joint venture or do? They still want the big deal. Well, I think they want we'll have to wait for Derek to say what they want. But they they certainly came out shooting for the big deal. They've also been quite critical. Both sides have been quite critical of the others in terms of their executives. So I would expect to see barracks. Mark Bristow come up pretty quickly with some kind of a response to that. He's not one to two normally pull his punches and new mantra Gary Goldberg was very critical of barracks management in the call this morning. So yeah, I would I would expect it the best the next responsible. Come from the barracks is for sure. So is there any other rate? So we're going to be waiting to hear what barrack has. To say, do you expect more consolidation though? I mean is this joint venture going to be just another word for consolidating the industry, or or do you think that we're done here with the with the mergers? No, I think for sure there'll be more consolidation. No matter what ends up happening with these three companies what what combination ended up taking place. They're going to end up being assets that are for sale as a result of that. Everyone's made that clear that that part of their deal would involve rationalizing the portfolio. So as soon as you have some of those minds hitting the market, you're going to have other companies, we know are Austrailia and companies, for example, that would like to buy Newmont's Australian assets, there'll be a scramble for those. But it does also put pressure. I think on some of the mid tiers to potentially look at tying up in order to get the kind of scale that they need to not that they can compete with a company this big, but at least have a fighting chance. Generalists investors have really fled the sector. And so there is probably limited investment appetite for a limited number of companies. And and it will. Probably the biggest ones that can attract that Daniel book. Oh, thank you so much for being with us. Daniel Boko is Bloomberg metals and mining reporter coming to us from Toronto really interesting kind of romance and hatred playing out in the gold mining sector, Paul. We really haven't talked about the President Trump's comments over the CPAC conference talking about wanting a stronger dollar excuse me, a weaker dollar. The interesting thing is today. I can't help but keep noticing the taller strengthening. You know, what I noticed as a weakened a little bit right after the comments were made. But then, you know, the the economics the fundamentals of taken back over and where what currency is the dollar gonna depreciate against that's the question. Well, guess and also there is sort of a feeling among a lot of analysts that President Trump is speaking to his base. He certainly was speaking to his base during that meeting. I so he doesn't actually have policy applications for some of his threats, but nonetheless Zeller is stronger today right now, let's head over to ninety one studios in Washington DC, Nathan Hager there with world national headlines.
"barrick" Discussed on KQED Radio
"All I'm Jack Stewart for marketplace. Coming up because it's better for their economy. Their personnel economy. It's are in dollars, and they spent vessels working here. Living in Mexico. Just business as usual on the border. But I sure do the numbers. Down Bustros up sixty points today two tenths percent twenty six twenty six thousand and nine hundred blue chips. The NASDAQ advanced twenty six points three tenths percent, seventy five and fifty four the S and P five hundred three that's about a tenth percent seven and ninety six g marched up six point three percents today as we told you going to sell its biotech business to life sciences conglomerate Danaher for twenty one billion dollars Danny here up eight and a half percent tech stocks generally higher with some optimism about the current trade talks between the US and China. Maybe there's maybe there's not let's see what happens apple shot up seven tenths percent, Microsoft, strengthen about a half percent IBM about a ten percents day. The Barrick Gold corporation dim three percent the companies bidding to take over the rival Newmont Mining corporation. If the offered does happen to be accepted, the world's biggest bowl competent Newmont though of one percents. You're listening to marketplace. Marketplace is supported by Charles Schwab, when it comes to wealth management Schwab believes in asking questions and being engaged..
"barrick" Discussed on Bloomberg Radio New York
"I'm Evan Haning. And I'm Doug krizner at Bloomberg world headquarters in New York. Let's check this hour's top business stories and the markets. President Trump said he'll extend the deadline to raise tariffs on Chinese goods beyond this week. The president cited substantial progress in the latest round of trade talks. He said if the sides make further headway negotiations he and president plan to meet at his mar-a-lago resort in Florida to conclude a final agreement. Meantime in China, a commentary in chinois says negotiations will be more difficult at the final stages as the two nations still have disagreements which need more time to be resolved the Canadian mining giant Barrick Gold has taken a small stake in its US rival Newmont Mining. We are told Barrick has now warned Newmont of plans to propose changes to Newmont bylaws. As Barrick continues to weigh a potential hostile takeover. Meantime, the CEO of Newmont Gary Goldberg says the potential takeover attempt is desk. Britt and bizarre. He said the move is complicating Newmont's pending deal to acquire Goldcorp and White House. Economic adviser. Larry cudlow says he's working to remove US tariffs on steel and aluminum imports from Canada and Mexico word of the delay to the planned increase of US tariffs on Chinese imports has sparked a risk Conde in the Asia Pac region right now in Shanghai composite index is higher by three percent. In Hong Kong. Hang sang is better by two tenths of one percent. The Nikkei two twenty-five is ahead. Seven tenths of one percent. Meantime, in Seoul, the kospi is weaker by one tenth of one percent. And in Sydney ASX two hundred is down one tenth of one percent. The US ten year treasury in the Tokyo session now with a yield of two point six five percent. Global news twenty four hours a day on air and tick tock on Twitter powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries. This is. Bloomberg. This is.
"barrick" Discussed on Bloomberg Radio New York
"Hong Kong and here in Singapore. Juliet sally. And I'm Doug krizner at Bloomberg interactive brokers studio in New York, we've got trading underway now in Tokyo, Sydney, and Seoul and a bit of risk on. We'll tell you what's happening in in the fundamental side of the story in moment right now, we are looking at a US ten year treasury backing up about a basis pointing yield in the Tokyo session at two point six six percent right now, let's get you caught up on this hour's top business stories. President Trump says the US will delay a planned March first increase in tariffs on China. He's also tweeted that trade talks have been productive. And he says he's planning a summit with China's president at mar-a-lago as you make additional progress is made possible big takeover fight in the mining business. We are told the Canadian mining giant Barrick Gold has taken a small stake in its US rival Newmont Mining now bearing a Barrick rather is also said to have warned new mantra plan some. Proposed changes to new bylaws as it continues to weigh a possible takeover bid. We'll technologies is said to be in talks to sell its Uber eats business in India tool rival Bloomberg's Susanna Palmer reports it was just two years ago that Uber started up its food business in India with much fanfare and huge marketing budget it operates in more than thirty seven Indian cities. Now, Bloomberg has learned its talking to rival bundle technologies which owns the swaggie brand about a sale. This follows Uber's retreat from its ride hailing business in China Russia and southeast Asia as it gets ready for an initial public offering later this year. Susanna Palmer, Bloomberg daybreak Asia. Well, there is a lot on the calendar for markets to be concerned about we get the details from Bloomberg's Charlie Pellett. US stocks begin the new trading week out there high of the year as investors focused on trade and Brexit. Andrew sheets is chief cross asset strategist at Morgan Stanley. There's a pretty. Clear difference. I think between the US story in the US asset story and what we see in overseas market. So we still have upside to our target in in China. We still have upside to our target in Japan. Plenty of earnings this coming week, including shake shack. Home depot. Best buy Dell and Anheuser-Busch inbev in New York. Charlie Pellett, Bloomberg daybreak Asia. All right. We're at thirty three past the hour. I'm sorry. Juliet go ahead. I'm sorry. Stepped up. Okay. Let's get over to Brian six days of gains. So far in Asia, Brian. Yeah, I'm going to say that this morning. There are three big issues favoring risky assets in the region. Some of which we've trumpeted already a lot President Trump's move to delay tariffs. But also the story that were running which is backed up by a lot of comment that China's de leveraging is dead. It's true. We did talk about this a little bit last week. But I think it's it's really starting to feel its way into the markets, and then this one, and this is something we touched on in the media review front page editorial in the China. Securities Journal that the stock market in China is to be a big part of China's core competitiveness. So thinking on this is that the impact of China's financial services industry on the world doesn't align with its economy. In other words, the economy's impact is is quite big, but the financial services industry and China's not really so the idea is to expand that and this this particular commentary says the. Capital market can boost China's economic transformation. So I have a feeling wants to China markets. Get open today that we will see some bigger gains, and what are implied by what we've seen so far. Wait and see what happens with that? The ASX two hundred is up third of one percents. Nikkei is up six tenths of one percent. The kospi is up about a quarter of one percent. The big mover. This morning is the offshore Chinese currency. The CNN h has strengthened by one third of one percent six sixty eight seventy four and the onshore is not trading now, but he laughs traded in six seventy one. So we'll probably see some movement their oil at fifty seven forty one four WTI Brent sixty seven thirty three and the yield on the ten year treasury two point six six percent. All right. That's a check of the markets. Thirty four minutes past the hour. Juliette back to you. Well, you k Prime Minister Theresa may has put off this lakes voice.
"barrick" Discussed on Bloomberg Radio New York
"Sweeney on Bloomberg radio. Good morning. Everyone Paul Sweeney and Tom Keene of Bloomberg interactive brokers studios, a gorgeous day in New York fifty ninth street and Lexington after the snow earlier in the week it melted away edge of spring. I would say here in late February, and we welcome all of us who stagger to March. Good morning. Boston one. Oh, six hundred FM ninety nine one FM in Washington. The most faceting sensitive day in Washington, I really recommend ninety nine one in Washington. Kevin cirilli five PM tonight in the heart of what may be a molar afternoon. That'll be an important sound on tonight for our Washington. Listeners. Good morning. Siriusxm channel one nineteen across this nation. Fishes up seven Davidge is up eighty three and David Wilson. I say this with all through it with Paul Sweeney. Have you ever seen a bad will write down of something is I- conic is craft? I've never witnessed the scale of it of something iconic nor have I mean, you're talking fifteen point four billion dollars, and it's not just craft. It's Oscar Mayer, it's mother assets. But when you put it all together, it's certainly a lot of feta cheese. Oh, among other things macaroni and cheese. You name it. And so the company ends up with the fourth quarter loss. You would do the adjusted earnings and came up short of analysts estimates same thing with sales they cut their dividend by thirty six percent. Oh, and by the way, US regulators are investigating crass procurement accounting and controls and issued a subpoena in October. When you put that all together you have craft down almost twenty five percent in early trading but critically. It's worsened in the last hour. It has and we're seeing it across food stocks at this point general mills down four and a half percent Campbell Soup down. Four percent can Agra brands and Kellogg both down three percent. Mondelez international, which as you may recall used to be together with crab down. Two percent. Bloomberg surveillance. We don't do the fancy David Wilson. Definitions. We go manga lease maker of Oreos. Whatever does it for your time. That's the Orioles is what does the fancy part that. You gotta remember. I mean, these two companies work together they split several years ago and then Kraft put together with Heinz by three G capital backed by Warren Buffett's, Berkshire Hathaway, and we should note. Berkshire shares are lower as well it early trading. All this coming the day before buffet puts out his annual letter to Berkshire shareholders stocks only down about one percent nonetheless, it is taking a hit caterpillars lower in early trading. Just half a percent that said a senior European Union official said the construction equipment maker is among companies that will face tariffs, it President Trump imposes duties on European automakers and another one of those companies the copier maker, Xerox. It's down four percent. Also mentioned the luggage Samson. I haven't seen any training and that stock Michael from Bermuda. Just emails it, and he says USA Bloomberg terminal to highlight with David's talking about we. This is important folks, the common size goodwill, Paul Sweeney and David Wilson of general mills is like craft not like a more responsible, Pepsi. Does that suggest David in your reporting that they're gonna be more crafts to come in food? Well, who the heck knows at this point? I will tell you though, the declines across the group suggests that at least it's something that's on investors minds tumor. All right. How about Newmont Mining up almost two percent? Candice Barrick Gold has studied whether to make a takeover offer for the US. Metal producer barrack said it's looked at an all share deal without any premium the two countries close to a merger in two thousand fourteen before talks collapsed. Barrick, by the way, down about three quarters of a percent in US trading. And I'll just mention really fat Zillow group why not up five you mentioned the Spencer Rascon. What's he doing? He's stepping down the CEO and co founder rich Barton is coming back to take his place. It's all about this shift into buying homes, and providing mortgages, just not running real estate websites. Debbie wilson. Thank you so much again green on a scream at some real movements. Again, I'm watching German tenure as well. Margaret Brennan with us now, of course, CDS face the nation. See it on CBS and all their network coast to coast on Sunday morning could here two to I'll tell you about that on Bloomberg radio. Margaret, you have to do a victory lap of the Sunday shows on Sunday last you got the most play with a brutally incisive interview with Senator Graham the Carolinas review that one week forward if you were to do that interview this Sunday. How would you change the heat of that interview with Senator Graham, well, you know, he really came to play with a lot of news like security conference. I'd probably hone in a bit more the sender. Got his way he won. He persuaded the president to lead two hundred US troops in Syria. On the bet that that could entice Europeans to commit troops to stay alongside them. So you got the president to change his mind on a full withdrawal. I want to know more about what's next. There isn't fully delivered on is defense. I think he's tried to dissuade folks from from that idea in the past. I don't know the Senator Senator it tremendously able to shape foreign policy in the say from the outside. It just shows you what a strange virement were in when we have an acting secretary of defense who because of that acting position is weakened in many ways, and you have a Senator shaping policy. I should say, by the way, the Pentagon hasn't reversed the president ordered them to withdraw. So they're mending the order, they're not reversing highly. And the acting secretary of defense doesn't seem to be shaping the policies much as a Senator from South Carolina has that that's significant. So Margaret, the the report appears to be winding down or the investigation appears to be winding down, perhaps a report is due out sooner rather than later. What do you think is the latest there? That's right. Our White House, of course on it. Major Garrett was reporting that it could come even students today. But certainly within the next few weeks mid-march the target date. We've been hearing the question then becomes so what then happens attorney general bar now in that enforcement job gets to decide what art comes public. What might not want makers get briefed on? And we're going to start a whole other line of argument around that does the public have the right to know, Ken, congress you the report, and if they try to subpoena with the department of Justice enforcing order against themselves to turn over and they don't wanna turn over. It's gonna take us into a really interesting debate within our democracy or Margareta, no Poland's to get in the show this Sunday. But I've got to ask you this question with your legitimate Middle East credibility, David Kirkpatrick of the New York Times tossed out of Cairo by Mr. el-sisi, your thoughts on that. L C who remains an important US ally and recipient of US aid. I think number two only to Israel in terms of receiving US aid money cracking down on human rights workers and journalists in really unprecedented way within that country, and the US is turning a somewhat of a critical eye way, certainly not publicly flogging him for doing that. And that is a real, you know, issues to continue to watch as Egypt and Assisi tries to hold onto power there. So Margaret give us an insight into what we can expect from face the nation this weekend. We will be talking about another huge question that we should be debating, which is whether lawmakers have ceded too much power to the executive constitutionally, what is this country doing to itself or allowing to happen without real debate right now, and I'm talking about the national emergency and the president's decision to bypass congress on this policy issue. We're going to have the very first interview with Republican Representative Adam configure from Illinois. He just got back from deployment to the US border. He's a reservist and he went down to serve on the board. Or he's gonna talk about what he saw about that Republican Senator ROY blunt Intel to talk just a little bit about this ongoing. Russia probe Medina. Thank you so much..
Candice Barrick Gold, Barrick And Newmont Mining discussed on Bloomberg Surveillance
"All right. How about Newmont Mining up almost two percent? Candice Barrick Gold has studied whether to make a takeover offer for the US. Metal producer barrack said it's looked at an all share deal without any premium the two countries close to a merger in two thousand fourteen before talks collapsed. Barrick, by the way, down about three quarters of a
"barrick" Discussed on Bloomberg Radio New York
"You're listening to Bloomberg best on Bloomberg radio. I'm also, I'm Ed Baxter. Barrick Gold reporting earnings that beat estimates for the fourth quarter Barrick Gold largest mining company in the world with mining operations and projects in fifteen countries and June Barrick, Gold CEO, Mark Bristow spoke with Bloomberg's Alix steel. What is number one on your agenda for this new barrack? So it's combining some of the world's best tier one gold assets. With a ready tier one management team to deliver real value as we did in Randgold resources for the benefit of all stakeholders. That's so the game. So Mark does that is the game cost cutting men is the game sort of ruthless cost-cutting. What is it going to be? It's not at all. I think the key focus has been for me is to get the team rotten. You know, we've we've ready made exceptional progress on on that it's a great team. And you know, if you look at the individuals that make up our team now executive team as well as the operating teams all in place, and and they are fantastic people. And I don't believe there's another mining company that has that sprayed and depth of skill and experience. Well, and part of that also has to do with the corporate culture. I mean, you stood out with Randgold resources Nico equal for the way. You guys really ran that company very very different than other companies, which was get bigger grow faster. Get even bigger you didn't do that at Randgold going in the Baruch. Now, what time resistance are you meeting? What are people saying about that? No. No resistance whatsoever. I think we worked very hard with the two teams building up to the announced down meant it was very key for me to get all the teams behind what John and our planning to do. And really it has been. Really exciting and rewarding period. It's being very busy. But you'll see a radio a lot of DNA. We've taken out. We've got a very focused team people know what they do. We've got the right people in the right places. So what does that mean for your costs in two thousand nine hundred and what are you gonna be looking at for cash costs? So cash costs are going to be up this year last year. It's still that Eddie addicts because it's only been a few weeks. That we've got a we've got a plan for the it is a plan that will change through the we we will have a five year plan after during this year. But for the first twelve months guidance of between five point one and five point six million ounces, which is just the combination of the two companies that's before any disposals. Costs will be up at all in sustaining cost something I've gotta get used to because I'm used to waking on just titled cast cross. Somewhere between a seventy nine twenty or. Just above six fifty dollars an ounce title cash costs which is what I use. And and and real focus on cash flow. You would have seen that both Barrick and Randgold posted significant increases in dividends. And so as as I've always said, I'm a great believer in less than Modell's. That's ultimately our plan. But before we got any further than that. The key is to read position this company for the long term based on geology, which is what Dr Randgold resources fair your biggest headache, though. No doubt. Isn't it come from Africa and your subsidiary case when that really impacted earnings you have lower throughput because of that you worked in Africa for decades. So you know, how to deal with in the DRC for quite a long time with Randgold, so one will a deal be signed. What is the best clarity? You can give investors. So alex. Is a travesty that situation. I think no, no, no, no, no, no, not one stakeholders benefited by this situation. And and I have no doubt that we will resolve at ten we are engaged as in very interested mediator between acacia, and and the government and other stakeholders as well. And I have no doubt we will find a solution. I don't believe it's appropriate for me to put specific deadlines that process because you know, what it is is what do we want to get out of this something that benefits everyone. Sorry. If you're gonna be sooner rather than later, and that how open is the is Hans Aena in sort of negotiating and talking with you. So it will be as soon as possible and. And we are we're engaged. That's that's about all gauged in a very constructive and positive way. The other part of their strategy. This year is going to be divesting assets as much as one and a half billion dollars of assets. So twofold question here one have you received interest and is at the right price. And to would you be looking to expand your portfolio in areas where you'd like to say and copper, for example. So as you can imagine I've got a very full in box as people dog. Is the opportunity that we're not about any pressurized sale. We'll do it in a very considered way. As I said in the way, we made the announcements this is about me working to ensure that we don't take away from the value of the organization that that we did the deal on that. Was Barrick Gold. Ceo,.
"barrick" Discussed on Masters in Business
"We're in a full service space full service space is the casual brands like a rusty bucket. You know, put Applebee's and Chili's in there if you want, but there's others years upscale casual and then there's the fine dining we play in all three of those no segments. There any upset scale casual restaurants that have managed to build more than just a local footprint, while sure the the national standard Barrick Gold. Standard is Houston's. How? Very polished. Casual, you know, those are who really the rest of us aspire to be cheesecake factory, isn't it in that, you know, not as good as Houston's. But on that John is respectable absolutely. It's a different approach, but along those lines and those are the. Then there's the fine dining brands like ocean prime that isn't a major markets across country. So New York passed some rule on New York City about if you have more than five restaurants with the same name in New York there were certain disclosure requirements. So the Houston's and some other similar chains in New York, and basically, well, we'll just change a couple of. Thanks silly rule. Yeah. There's the national role to that over twenty units. You have to label all your menu items for the calorie count, right? And all that. I think that's what the New York is. You know, that's the jury still out on really how that's affecting restaurants. I've talking to see you of another restaurant company that has done that and it's shifted away. People order hasn't really affected their business volume. So what does it do it affects the desert order see lobster, mashed potatoes au gratin at twenty one hundred calories. Ordering something else, but they're still ordering. So it hasn't really. And you know, where you believe on that? I believe in free mature, you know, people can do what they want. But the problem is once you put the calories down your nudging people in one direction or another laws fours. I guess I'm let's talk about tipping. I that's a big issue. Some people I was just in Iceland where there is no tipping on the entire islands. And when they told us that I was kinda shocked, although everything's kind of expensive there. So it's obviously, no free lunch. It's built in that said. It was kind of nice not having a worry about it. And you think about it where do you land on the should we have tips servers, or should we just pay them salary and Bill that into the price? Well, I definitely differ on that our friend Danny Meyer, whose Lee charge on the not being program and understand what he's trying to do. He's trying to bridge that gap and the disparity between front of the house associates and back in the house. So she's able in people in the the dishwashers the bus, but people in the back, they're they're not making a whole lot of money compared to the bartenders waiters corrosion hostesses. And I understand that. But and again, the jury's still out on whether that's really work. You're taking hold in his company, he's doing it. And he's making that decision and trying to change the way we do business. And there's a lot of pushback, you know, I'm trying to reserve judgment on that. I'm trying to keep an open mind. But I don't really like that personally. I like to tip. I like gratuity. Like great servers make more money than not. So great server. And now we another hand tip of the hat, Danny? I mean, we're trying to take care of our back in house. So she it's more, and and and still able to do that and giving them raises and paying them more along the way, but you know, not everybody's cut out to be in front of the house. Not everybody's got to me back in the house and not everybody makes the same menomonee across America. So it is what is to a certain extent, and I do personally like tip, and I think it's one of the great hallmarks hospitality. So one of the questions we didn't get to doing the broadcast portion was the different regions in the country. You mentioned Beverly Hills. What about further up the west coast, San Francisco, Portland Seattle in in those locales, or are you interested in going that? Well, they're tougher markets do business in because of the regulatory requirements so forth, but and we had a deal in in actually Seattle, and we..
Newmont to buy Goldcorp for $10 billion to create world's largest gold producer
"That data Newmont Mining will buy rival Goldcorp in a deal valued at ten billion dollars, creating the world's largest gold miner. The transaction comes just three months after another blockbuster gold deal. The transaction comes just three months after another blockbuster gold deal. When Barrick Gold agreed to acquire Randgold resources in a five point four billion dollar
"barrick" Discussed on Bloomberg Radio New York
"A little bit more specific about what the fullness of time means Mark. Should we expect decision on that? While we're on troublesome. Entities. Can you talk to us about the mining code in the DRC? It's a to quite complex questions. Today is our first date. As a as a combined company. So there's a lot of work to be done to and we've already started engaging with with the Tanzanian authorities, and we have Barrick has had an dialogue continued dialogue with the Keisha board and its management team, and I hope to build on that going forward, and we will certainly be focusing on attending to that challenge in this quarter. That's the first quarter of twenty thousand nineteen as far as DRC goes, as you know, these elections going on at the moment, a very dynamic situation in DRC, we believe it's an important step for the country. We await the outcome and the consequences of the final election results. And then we will continue to work with the the new authority and in the DRC to ensure that. We can deliver on our view that is enormous opportunity in particularly the northeastern DRC for discovering world-class gold deposits, Mark. Do you have any targets.
Dez Bryant lands one-year contract with surging New Orleans Saints
"I don't obviously. But if I did because who cares? We don't care about the money because it's not our money. Well, let's make it your money guys. Would you spend three hundred and fifty million dollars? If feel competent about it on Bryce Harper. No, I wouldn't. But I do want to say thanks to listen to you make a lot of arguments there in the make a lot of sense. But you can't throw the he's never wanna playoff series, Adam. Because you're the one that's been a spa espousing for the golden bat thing there are many times where he doesn't even get a chance to win those playoffs. Series everything else in that sense rival, thank you drag. Well, that's the let's take that have ninety percent of what I say all the time makes sense. Listen. Traits usually fifties ninety. I mean, that's that's pretty good. But that's the problem dry. Problem with baseball. You're going to pay a guy standing Gundy said this yesterday, you're going to pay three hundred and fifty million dollars who comes up four to five times a game. It's ridiculous. And when he comes off you bats to forty eight it's absurd absurd. Absurd. I listen. I agree with you. And yet he's going to get it from somebody. As is Scott Boris, his agent says Harper's bazaar is now open. Okay. We'll see where that goes. All right. Let's go to college. Let's start in basketball for Zion. Williamson RJ Barrick camera Duke. Did it Kentucky? I have said Stuart's gonna make people pay attention to college basketball before we normally do which is after the Super Bowl. Yeah. It made us. I mean, listen, we've never talked about college basketball so early in the season ever in the history of our show, and we were talking about it yesterday because Duke stole the show they stole the sports worlds. I am Williamson. The thing about Zion. Williamson guys he was a YouTube sensation before this. So everyone knew about this. But to see play out against Kentucky article and to see that he's just not a dunker. He's the guy who has actual game. He has range. He has touched. He could distribute the ball. It is it is absolutely breathtaking. It was amazing to watch. And. Yeah, we're all going to tune into watch. These freshmen bly and watched it fifteen play at see if maybe if they can go undefeated. Maybe it'll be the best team ever, which is saying something when you consider the school. We're talking about it was amazing. It was fun to watch. They had made college basketball interesting in a way that it hasn't been the regular season for college basketball in a way that it hasn't been since maybe the fab five I don't know what the last time we were interested in a college basketball team. Yeah. Your rights. Do we we had this note today dukes go to one hundred and eighteen points in that debut? There were twenty NBA teams in action last night and they play eight minutes longer. None of them got one hundred. Yeah. Utah Utah was a crisis. They got one hundred seven Stu, and by the way, they did it against Kentucky, by the way. Kentucky. Jank John Calipari was sitting there with his laws look on his face. And I can't believe that coach K is now doing what I've been doing for years because coach guys going to do it better than I've been doing the thirty four point loss for Calipari. His worst ever as a college or NBA coach going to college football the first two weeks of the rankings. We have pretty much pick who they were going to be where do you see the possibility of a shakeup happening going in the next few weeks? Well, Mike, this is interesting. Right. And I have a question for you guys are related to college football. But this is interesting. So let's say Georgia beats Alabama in the SEC championship game. There's no scenario which Alabama is not getting it. But what happens there? So does Michigan get bounced out? Once Notre Dame get bounced out, Mike, I would ask you this because they put this committee together to have some sort of vision. Where does this not the four undefeated teams make it to the final four, Mike? Michigan played Notre Dame right now the debt are they neutral field who do you think would win that game? Who was the better to there is no way. Saying michigan. Everybody's saying Michigan would blow out Notre Dame Michigan has gotten better. So is Notre Dame? You realize Notre Dame did since that first game. They have a quarterback who leads the nation in completion percentage. Okay. So yeah, he's heard he's going to miss this game. We'll be back next week. So to say that all of a sudden Michigan with blowout. Notre Dame to me is ridiculous has Michigan gotten better. Absolutely. They've gotten better. But you asked me I've already said if Georgia beats Alabama they're both in Clemson wins out there in and if Notre Dame wins out there in and Michigan is going to get left out. Now, Paul finebaum went the other way. He thinks Michigan may get in over. Notre an undefeated Notre Dame team. I don't think that would happen. But then again, I'm not one of the thirteen that are that are picking that are deciding this.
Canada's Barrick Gold to buy Randgold for $6.5 billion
"It was already the world's biggest gold mining firm. Now, Canadian giant Barrick. Gold is merging with Randgold resources to create an eighteen billion dollar company. The merged firm new barrack group will sell shares on the New York and Toronto stock exchanges while Randgold's London listing will be cancelled. Here's the BBC's THEO legged Bara gold is already the world's largest gold mining company with operations around the globe round. Gold is focused on production and Africa. Both companies have been struggling to impress investors and have seen that market value full by ASA. Third over the past year announcing the deal run goals, chief executive Mark Bristow admitted that the industry's a whole had faced criticism for being too focused on short term goals and offering poor returns, but insisted the merger would benefit shareholders. The new company will control several of the world's biggest and most profitable mines in North America and west central Africa,
Recent developments surrounding the South China Sea
"Existing home sales that will be out at ten AM Wall Street time well to build a house. You've, got. A big Supply chain, and that supply chain is being disrupted by trade wars here to tell us, more is John Harrison. Managing director, for merging market macro strategy John Harrison thank you for being here for. From, t s lumbar how're, you doing this morning Very well thank you all right so, tell us. About your most recent look at supply chain risks particularly. As they affect emerging markets The way. Looking at. It in the context of the trade war between the US and, China Europe is is another matter But many of the country in south East Asia and north Asia Thailand, South Korea and so on Barrick's sports end up going. To China to, be to be re-exported to the US has really increasing compact complex global supply chains I means, they let's demand for, China's exports in United States and not, only fact in, the other Asian economies wet weather supply chain disrupted and exports fall, in, other countries. But not China If that's, the case when to US consumers see, these higher prices Yeah well rounded Tara Tita are really not. Much on consumer goods so US. Consumers are really happen you seeing some increases. Indirectly. At, the, moment The the next round of tariff which. Is due to be on the. Thirtieth of August after a period of consultation That Peres targeting consumer goods Habitable if they do go ahead as planned and the US consumers economic facing high prices Within this is the idea of informing politicians, you are expert, in really looked at actually how imports are done and exports are done whatever the nation what are the politicians most get wrong from the import expert dynamic from Shanghai or Hong Kong I think the effect on the US economy of implementing, the tariffs and, the complexity of the interactions between these various company companies country so it's not possible rage to Impose some On China without having any impact on on the US and the country, goes well the conversation last week with French hill from Little. Rock Arkansas the congressman from literally which is really. On this he was heated about the complexities to the Little Rock. Manufacturing community we spoke about this in terms, of Spartanburg, South Carolina where BMW has its. Largest, factory, well John if this is the case, for China what does this mean for countries such? As Brazil what are the? Political implications they've got an election coming up later, this year Yeah Resilient is still very uncertain situation buddy in terms of the trade? Wall Could be one of the few countries to benefit because That, prevailing often competing with the United States in agricultural products sleeping in particular China already has decided to import more soybeans from from Brazil another agricultural products from Brazil Up. Then that economy could benefit If that happens what happens to US farmers US, fav already facing lower prices I'm I'm sure that the the the bombers in US will be will be lobbying the the administration tried. To put a stop to this do you see global trade slowing now or is it something we're waiting for Things. The rate of, increase of year on year growth of trade, is is slowing Buddy's, still grow we haven't seen an actual contraction in world trade and I think we all still some way some way away from that but. Of course if we carry on down this Paul going then we will see Thank. You so much, John Harrison greatly appreciate it with tears Lombard, in England this morning You, just wonder where this is I don't have any wisdom at all. In the x axis the timeline of this because it's really is truly cliches uncharted. Territory but were there particular like this sub. Headline markets are complacent, on emerging market. Risks what we're seeing that feature that shirt today Good morning. Michael Purvis over it Weeden an x y Michael said eighteen months ago watch eighty. X y is the proxy and I'm sorry This is the bundled Pacific rim currency index extra pan. You take out the Janus -ness of Japan and some would say the Japan and it's like teach a class strong dollar week emerging market. And as a point that. I haven't even looked. At Filipino this morning PHP let me get that up here quickly to break through fifty. Four is a big deal we're not there yet, we are in a tight..
Trump Vladimir Putin, Mount Dora and Google discussed on Rich Stevens
"W. f. dot com. To see the new time magazine summit, crisis cover I call it. Prompt the morphed faces a President, Trump Vladimir Putin and, if, you type in idiot in the. Google image search photos of Trump will. Pop up Anti-trump protesters and online activists have been manipulating Google's. Algorithm so that the images of Trump appear when you do a search for idiot. And mount Dora in Florida is settling, lawsuit with a couple who. Painted their home after the Van Gogh masterpiece starry night, here's, the mount Dora mayor Nick Jerome Extending my sincere apology, Nancy, Barrick Alba's matter has turned, into unfortunate As part of the settlement the couple agreed to sit on a panel to review the city's codes to see if any need to be changed and they get to keep the. Paint.
Russian opposition leader Alexei Navalny detained at Moscow protest: ally
"I don't know man cbs news correspondent carter evans says hundreds of people have been forced to evacuate several new vance form authorities really aren't sure how long these eruptions could last but they're urging everyone to follow the evacuation orders because when the lavas flowing first responders may not be able to get kilowatt has been erupting continuously since nineteen eightythree but usually not like this cbs news correspondent bill ray cost is one of president trump's closest friends has been asked questions by special counsel robert muller's team three separate sources tell the associated press that tom barrack met with federal investigators who have been working on the russia probe barrick spokeswoman is declining to comment he's known the president for decades one of mr trump's closest advisors through the presidential campaign and into the administration america's also a leading fundraiser for the president and oversaw fundraising for the inauguration bill rakoff cbs news washington the group that monitors political repression in russia's is hundreds of people have been arrested them day of nationwide protests against the upcoming inauguration of ladimir putin for a new sixyear term as president the group says more than seven hundred people have been arrested in moscow where demonstrators crowded into one of the city's main squares cbs news correspondent elizabeth palmer rallies often take place in areas which are not sanctioned for public protests so that the russian authorities can call them illegal and it gives them an excuse to go in and round people up observers say overall nearly sixteen hundred people were arrested in twentysix russian cities well the track surface at churchill downs has been downgraded to sloppy just ahead of the kentucky derby showers have been falling since midday in louisville the surface was listed as fast to begin the racing car and then went to muddy sloppy zero flash flood watch in effect sports reporter edward peak says this is traditionally a rough race anyway it's the first time around the to turn track and another thing is it's twenty horses there's probably more bumping in the kentucky derby especially early in the race than any other race these horses will run in in their careers justify is the odds on favorite to win the race bus soggy track means it could be pretty much any horses race at the derby the race is the.
ATF agent shot in the face was part of special force combating illegal guns
"As long as i'm the oppressive investigators in chicago are asking the public for help in finding the person who shot a federal agent in a pre dawn attack they describe as an ambush with a fifty one thousand dollar reward and the commitment of the entire law enforcement and community the people who did this will not have a lot of friends the atf agent part of a joint task force working to limit the influx of illegal guns in the city he was shot in the face but is expected to make a full recovery chicago police superintendent eddie johnson who calls a shooting bar barrick and reprehensible also notes is the agent is the fourth law enforcement officer shot in the city south side in less than a year this is a radio news planned parenthood and the aclu say they will challenge iowa's strictness in the nation abortion law mike rossier with more the socalled heartbeat bill has been signed into law by iowa governor cam reynolds making the hawkeye state the strictest in the nation on abortion the bill is touted as a six week ban on abortion because it bars most abortions wants a fetal heartbeat is detected which is generally at six weeks there are exemptions to the law allowing abortions at a later pregnancy stage to save a pregnant woman's life or in some cases of rape and incest as reynolds signed the bill in her formal office protesters gathered outside chanting my body my choice i'm mike rossier former president george h w bush is out of a houston hospital after being treated for thirteen days for an infection that sent to the hospital a day after his wife's funeral when he was admitted on april twenty second the ninety three year old bush's infection had spread to his blood requiring time in intensive care before being moved to.