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"black world headquarters" Discussed on Bloomberg Radio New York
"And Bloomberg Quick Take. This is a Bloomberg Business Black World Headquarters. I'm Charlie Pellets. Stocks Rise, Gold drops Call it the reopening. Rotation stocks climbed as investors piled in the companies that will benefit most from a return to normal economic activity. The S and P 500 Index up 20 points up 6/10 of 1% the Dow Up 327 up 1.1% NASDAQ Up 25 Again of 2/10 of 1% Gold down 1.8% 34 20 The ounce of 18 36 10 Year down 10 30 seconds 10 Year Yield Now 100.85%. West Texas Intermediate crude up 1.1% $49.49 higher at 42 91 for a barrel of West Texas an immediate crude as some he briefly extended gains today on news that Joe Biden will nominate former Fed chair Janet Yellen to be Treasury secretary. I'm Charlie Palette. That is a Bloomberg business flash. All right, lot going on Charlie. Thank you so much, So we like checking in with our next guest special when it comes to Tech developments in one of the most important developing markets. One that you often see where it adapts Tech out of necessity and lack of existing systems were talking about Africa back with us is Jake Bright TechCrunch contributor. Also author of the Next Africa and Emerging Continent becomes a global powerhouse. He's with us on the phone from a marinich in New York. A Jake Nice to have you back with us. How are you? Great to be back. I'm fine. How are you doing? Okay, you know, just kind of getting by getting used to kind of our world going into kind of a pullback Once again. I do wonder when you look at the tech world that I look at the emerging markets that are being hit really hard, some of them by the virus. I do wonder how that might impact the adaption. Adaptation is their You know, adapting technology where they really, really need it to kind of be part of the rest of the world. I wonder if you're seeing any kind of slow down. Well, if you look at, you know one of the markets that I followed closely A Xeno is Africa. You would say that I'm on the economic side. Some of the key hubs have definitely seen a slowdown and I'm referring to places like Nigeria or Kenya. Gunner, South Africa, but surprisingly Almost inversely to what you'd expect this African startup sector. This year has really taken off in terms of growth and also performance events. You know some of these events that we've been talking about coming, but you know, having and they've come this year. It's ability, really big wave. Well, why is that and tell us about them? Give us some of the highlights. Remind us You just, You know, quick overview we've been talking about, you know the growth and Africa's tech sector for years now, right roughly a decade and you've seen rapid growth and venture capital growth, year of year and started formation, But one of the things you and I have talked about it. You know the sector's been performance light right? There haven't really been a lot of big, You know, liquidity events. There was one I p o last year, but this year in the fin tech sector, which gets the most VC funding You've seen some really big events, right? So there was striped. You know the big us, you know payments from purchased this This start up on the Nigeria called Haystack..
"black world headquarters" Discussed on Bloomberg Radio New York
"And Bloomberg Quick tape. This is a Bloomberg business Black World Headquarters. I'm Charlie Pellets, an update on Wall Street with the Dow, the S and P and NASDAQ all advancing gold, though, was down 1.9% today, the precious metal trump $34.91 golden 18 36. Tenure down, 9 30 seconds 10 Year Yield 100.85% s and P up 20 up 6/10 of 1% The Dow advanced 327 up 1.1% NASDAQ Up 25 That was a gain of 2/10 of 1% again. Gold Down 1.9% down almost $35 theon spot gold of 18 36 crude West Texas Intermediate did trade about $43 a barrel up 1.1% now $42.88 So the rotation trade underway again. Today on Wall Street, the Dow, the S and P and NASDAQ, all advancing bridge. Stocks also gained after President elect Joe Biden said he will nominate former Federal Reserve Chair Janet Yellen to be Treasury secretary. After the bell moments ago. We heard from agile intent, forecast adjusted GPS for the first quarter, and its guidance missed the average, analysts estimate. Shares of Allegiance they are treating lower after ours. Allegiant is down right now, by just about 3.3% again. Recapping the equities push higher the dolly s and P and NASDAQ, all gaining s and be up 20 up by 6/10 of 1%. I'm Charlie Pellet. That is a Bloomberg business Flash. It is indeed. All right, Charlie. Thank you so much really appreciate it. Well, this definitely caught my attention. When I was reading in this morning. It's about Story by Nick Wadhams Actually, and it kicks off, saying by the time Secretary ST Michael Pompeo was wrapping up a 10 day swing through Europe in the Middle East. He had angered Turkey's leaders infuriated the Palestinians and befuddled the French up the global pop when it comes to U S relations. So what exactly is Mike Pompeo up? Do And does it include the road to the White House? Lucky for us. We have Bloomberg News. National security team leader Bill fairies. He joins us on the phone in Washington D. C bill. I'm so glad you could. Check in with us about this story. What is Mike Pompeo? Hail up, dude, What was that triple about? Thanks for having me it was. It was a particularly unusual trip for a secretary of state particularly coming as we have You know, this controversy in the U. S about the transition. Hey, did not spend a lot of time meeting with government officials, especially on the first half of this trip has been a lot more time either in private meetings that weren't open to the press. Or meeting with religious officials on by some cases doing so, in a way that kind of anger local government So to give you an example hey went to Turkey and flew to Istanbul and met with some religious leaders there, which is not unusual for Secretary of state. But he basically cited scheduled differences and not being able to beat any government ministers and the Turkish side said that he hey one of the government ministers to fly to him, and it's simple rather than him go to Ankara. So it was. It was It was for a For the top U. S diplomat. It was unusually undiplomatic approach to foreign policy. So what's he up to? It's the question. I think a lot of us are asking 10 days abroad is a long trip for the secretary of state. There's a lot of speculation that he was basically laying the groundwork. Or his 2024 run. He made a run for the presidency. He made a point of Ah, visiting of West Bank winery in in the Middle East. That is Kind of known for backing whose owners are known for backing Republican candidates. And who had a red wine named after Mike Pompeo. Um these are just the kind of things that you don't in the typically see secretary of State doing when they tend to be try to be a little bit more nonpartisan, particularly abroad, and listen, I know this is your guys world. I mean, I didn't even realize And I'm not sure how much of our audience had realized that Mike Pompeo was considering maybe a run. Come 2024. Right, you know, earlier, Let's say, I guess it was about a year ago. Now there was a lot of speculation that he was going to run for open Senate seat in Kansas. And he had made little secret kind of behind the scenes that it was something he was interested in. Mitch McConnell has spoken to him about running for a seat that was going to be opened by retiring Senator Pat Roberts. He eventually declined to do that. But he is, you know, he is a politically ambitious, fast rising star. I think in the Republican Party, I mean, just a few years ago. This guy was a pretty low range Republican in the House of Representatives. He's since been the CIA director. He's been the secretary of state. He has proven himself to be one of the very few people who doesn't draw the wrath of President Trump. Yeah, It's pretty remarkable. What? I also wonder, you know, Bill, how does the rest of the world Um, maybe see Pompeo at this point and understanding that a transition is expected to happen. Come January. How do they see these meetings? At this point? I mean, what's typical in a typical transition year versus the 2020 transition year. Well, it's not super unusual for a secretary of state to continue working, going abroad and meeting with foreign leaders. It's just not doesn't during the transition. It doesn't usually we don't have this kind of a transition taking place so You have a situation where the French president Emmanuel Macron made a point of saying that if his ministers or when his ministers meet with Pompeii, Oh, they will be fully transparent with the Biden transition team..
"black world headquarters" Discussed on Bloomberg Radio New York
"At Bloomberg Quick Take This is a Bloomberg Business Black World Headquarters. I'm Charlie Pellets, stocks were slipping his traders way. A conflict between the White House and the Fed over emergency lending programs, along with assurances of the government's got plenty of room to help the economy. Right now, the S and P is lower little change down nine. That's a drop of about 2/10 of 1% on track for losing week. Looks like we're gonna have a loss this week of roughly 3/10 of 1%, depending on how things shake out in the next couple of hours. We've got the 10 year. The yield of 100.82% gold is up 4/10 of 1%, 18 73, Beyonce and crude West Texas Intermediate up 1% 42. 18 a barrel again. Recapping equities air trading mixed NASDAQ higher by 11 Up 1/10 of 1% s and P lower bite through 2/10 of 1%. The Dow was down 5/10 of 1%. I'm Charlie Pellet. That's a Bloomberg business Flash. All right, Charlie. Thank you so much really appreciate it. So a ton of virus headlines. Today we had New Jersey's health commissioner. Saying she expects the state to get a coven 19 vaccine in late December. We have said Roche being able to deliver its anti body treatments in the first quarter. 2021 We just talked about The strain on hospitals that we're seeing the number of U. S hospital beds occupied by Coven 19 patients rising this week to the highest since April, and if you look overseas Canada, England, Austria. Also seeing some stress is it's been a rough day. Rough week when it comes to the virus Joining us as he always does every Friday and grateful that he does is Dr Ian Lost Vader. He is clinical associate professor of medicine at N. Y. U And why you Lango Medical Center. He's on the phone in New York City and good to have you back with us. How's it going? We said pleasure, Carol. Happy Friday. Yeah, Thanks. Thanks. You're going. Okay. Um, you know, we're seeing a lot of regular patients, and certainly a lot of covert follow up patients. Um, the number of cases in New York so far is or the number of hospitalizations. I should say it's not skyrocketing. So I think based on Anybody positivity, which is estimated about 20% and kind of our rough or rough go in March and April, although cases are up and hospitalizations are up. It's certainly not thank goodness overwhelming the system here, so I think the Midwest And out. West is having definitely more of a challenge than we are, and we'll just have to see how you know how we do with that. What do you make Doctor? Less better of kind of the rolling back. We're seeing it with New York City schools, you know, sending kids back home to do virtual learning? We're starting to see rolling back in terms of the bars, but I still have surprised that things are even kind of open in that front. What makes sense to you what doesn't what needs to be done right now, In your view. So I think part of it. Increased case positivity, which is really what they're basing, you know, Closing the schools on maybe, uh, incorrect or may be misleading And I think Every state has a different threshold, So it's not like there's a certain standard of when you need to think about doing these things and really how even effective they are. I think politicians sometimes feel they have to do something. When really, sometimes that that thing is not really the best. We are doing a lot of testing. I'm seeing many of my patients. Reader, visiting or potentially traveling or just curious. And so there are a large number of tests being ordered you the swabs of the answer, Jin test. I'm seeing a lot of false positives. So initially, someone may go for a nasal swab in Auntie Gin. You know, we know no test is 100% accurate, Then they get a follow up piece. Your test. That's negative, So I think we have to be very careful with this. Positivity rate as a threshold, and I think the data about closing schools and certainly elementary schools really supports keeping them open for a variety of reasons for the kid's education for their mental health for the parents, mental health, Um and so I think we are jumping the gun here incorrectly in closing schools. Ah, you couldn't argue. Perhaps high schools were were does seem to be a little more communicable eyes in the elementary schools. And I think the whole concept here of closing bars at 10 P.m. also is is her is very confused. You know the virus doesn't say who? It's 9 59. I better go in. So you know when you think about it What we really want to do is discourage potential super spreader events like bars or gyms or where people are shouting encouraged people to sit outside. I think people can safely outside with heaters, eat and drink. On. I think the school should remain open unless there really is. Or or an outbreak in that specific school of a higher number of cases, So I think it should really the individual. What do you think about? What do you think about kids coming home from college for the holiday? So you could because, you know, I'm sure you've been watching the numbers and then and I know we report on it. But, you know, I feel like I want to know. It doesn't sound like we've had, you know, isolated cases of this school in that school, But for the most part, it seems like it's gone fairly. Well, Yes, you know, I think it varies from school to school. There are schools University of Michigan, where they really did have to restrict any in person classes because it was rampaging through Right through the campus, Vanderbilt under control, and that's not the point at one school or another. I mean, that could be based on a lot of factors, but those kids get tested on a weekly basis, and I think they have a much better handle on things. I do think ideally of kids can get tested in school before they come back, and if they're negative, I think that would be a lot more reassuring. We do anticipate a Thanksgiving bump based on traveling and kids coming back. Families getting together. You know there there is a risk and we know the cases are increasing, and they're probably going to go up a little bit more within a week or two after Thanksgiving. Just based on people returning home. Yeah, exactly. No, it's you know, it's interesting. I've been watching. Kind of, you know, talking to different parents and what schools are doing and I've been very lucky, my my daughter's school, They kind of shut things down ahead of Thanksgiving and said You're going to stay home for a week after Thanksgiving, and you gonna have to take a test before you come back, You know, because because we all understand there are going to be people who are, unfortunately to still kind of get together on mouse. One thing I want to ask you and then we'll do a break and come back, but I got about 45 seconds. The task force the White House Coronavirus task Force meeting again making some comments. What was the significance of that? In your view? I mean, important to keep America up to date, but I just wonder what your takeaway was. I think it is important to try to answer questions. I know there was a little bit of a hullabaloo about announcements Overall. I think we have positive information with the vaccines. I think there is still some questions from Desert here and other other issues that have come up is outlined in Bloomberg. We can talk about that on the second part, but but I think updating people is good. But you have to do follow up questions. All right, and we are gonna get into room disappear. You set me up really, really nicely. We're gonna come back with Dr Ian lost Vader. He is clinical associate professor. Medicine at N. Y. U Lango Medical Center, joining us once again on the phone in New York City,.