18 Burst results for "Blackrock Investments"

"blackrock investments" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

07:36 min | Last month

"blackrock investments" Discussed on Bloomberg Radio New York

"Well Agent Stokes rising along with U. S futures and optimism about progress on stimulus talks in Washington. Next guess, though, is neutral on US equities and says the risks of fading fiscal stimulus and threatening to derail the market's strong run. Let's bring in Ben Powell chief, a pact investment strategist at BlackRock Investment Institute. He joins us from Singapore. Sir Ben why this neutral coal because we do have a lot of risk. We've got the vaccine sort of not where we thought it would be. By this time in the cycle, the US China tensions as well, but The other hand, you would think if we say a blue sweep that there would be more fiscal stimulus, which could be positive. Yeah, I think that's right. Good morning. So within our boldly pro risk framing, I guess at the Glenbrook Investment Institute. So we're overweight credit high yield and so forth. But as you know, we are neutral. U. S equities. So why is that? I think a couple of things one of you identify with the potential for the fiscal impulse fate, I suppose. As the negotiations around the so called faithful stimulus. We always like to get more complicated. The closer we got to the election, and indeed that is what has happened. And secondly, of course, we're getting close to the critical risk event November, the three and the herd not too far away now, and we thought it was logical that the market would somewhat pause for thought. And indeed, I think the market sort of fell to make a new high for the last six weeks to us. Equity market, and that's the longest time without a new high going all the way back to March the beginning of this of this rally, so that mutual view has bean will be okay. I guess. Six weeks of the market thinks about Give me this election and all of the other very busy Kanda events in the US of the moment. But a chart on the screen Now I know you can't see it, but it's just actually showing that Europe and UK equities have bean left behind your overweight European equities are here. What's behind that call given it looks like we are seeing a second or even if you want to call it a third wave. Virus infections coming through in Europe. I think that's that's right and so overweight Europe coal, which is apparently had a sort of mixed Ah, result was predicated on two main what we thought were facts with one greatest stimulant flowing through going back. Two more harmonization amongst the fiscal authorities in two Ah, better virus experience. That was the case of the time I think of that becomes less clear, particularly virus, which, unfortunately saying Julia is looking ah, more challenging in Europe and the UK at the bottom. I think that continued to evolve. I think we're going to have to think carefully about the Europe view. If the key pillar of our virus being a little bit better is less clear. Moving forward. Much everyday. We're being inundated with calls in boxes about what a potential blue sweep would mean. We know that we have to factor in that in 2016. The polls were wrong. But what does this mean for the Treasury market isn't as simple as saying more fiscal spending does lead to higher yields. So I think that may be the key election is actually gonna be the Senate. So I think we're all very reluctant, overly believe polls, but I think we would all agree that it looks like There is atleast the potential for a Biden White House. But beyond that, I think the difference between a Biden White House with a Republican Senate verses, a Democrat, Democratic Senate. That difference is extremely likely to be extremely meaningful, not least in the fiscal space for a blue sweet could create potentially three or 4% points. Of incremental fiscal trust each year for the next three or four years. Some sons of the supply that would need Teo come to market. It does seem indeed that the blue suite would have a meeting early. Different implication for supply. Then they mixed their government outcome. Almost regardless of who's in the White House. Mixed outcome would be would be different. Ben when you when you look out juice, trying to get some juice that everybody's after a bit of yield, and you're very overweight. High yield is not a bit dangerous, given that they got this imply probability of many defaults taking place. I believe you think that that's a bit overdone that pessimism there, But we can see him from this shot how these premiums have been falling. S so tell us about where you've been looking for this high yield. So I think the first point to make is where we are incrementally not looking, which is developed market government bombs for the first tribute obvious, but nonetheless, the important point is developed market government bombs. I don't give you what they used to in terms of yield on diversification, so that's kind of obvious but nonetheless profoundly important to offer our framing the BlackRock Investment Institute. Does it make sense to a few off them given they don't give you what they used to MME or other assets as well. Try to solve the ever more complex argument off question, I should say off income. It's part of that high yield. We think he's on important part of the solution. Even with the move that we've seen, we still think that there's More to go, then if you will, and that the implied the rights, of course are by definition is inherently a bit risky. That's just true. But we think that the yield you'll pick up one kind. Justified that slice incrementalists. And then what you take away from the data we've been getting from not just at the U. S. But globally and, of course, the numbers out of China, the other day said, suggesting a V shaped recovery. Giving a bit of Ah, Phillip to optimists. That's right. So I would say we are broadly in the more constructive camp. We believe in activity reached up. Of course we like everyone else Monitoring. The bar's evolution in Europe on another part of the world, But in around the activity restart, we continue drinking, right framing and in China, is you? Ah, alluding to China is already fully recouped The lost GDP in the first half GDP backto At all time high and I thought, obviously, every statistic in China is sort of astonishing, But I thought one of the interesting, astonishing statistic in the last couple of weeks was the reality that 650 million people. Traveled during the Golden Week holiday on that's not really an economics, but I think it speaks to Ah, regaining confidence amongst the people, I suppose. To get back out there Restaurants, cinemas they travel to going to the families of the recovery is not fully complete. But I think that's a particularly encouraging sign off a degree of normalization in China, which Hopefully, one of us is going to be moving towards in the weeks months called ahead. Yeah, I'm sure you and I wait ego and rich for the cell phone Constable bubble to open up a well, Let's talk about the Wando just very quickly been because on an offshore at these July 2018 highs. How long does this last before some kind of intervention. So I think the China resources going really interesting choice in the sort of have a problem of too much strength across the board on, I think, in order to let some of that strength Go as it were..

Europe China US BlackRock Investment Institute Sir Ben U. S Ben Powell UK Singapore Biden White House Senate Glenbrook Investment Institute Washington White House stimulant Teo Democratic Senate Julia
"blackrock investments" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:43 min | 3 months ago

"blackrock investments" Discussed on Bloomberg Radio New York

"Newsroom ready? Yeah, just getting on your coattails for just a short shortie, too. They're worried about Supports a number of major ports in major cities along the Gulf Coast may also get closed out with a storm approaching so commerce could definitely be disrupted. Japan's Prime Minister Shinzo Abe, the target of health speculation surrounding a couple of hospital visits, intends to hold a news conference on Friday in Tokyo and one of his key allies Akira Amari. Says he expects Hobbit who served out his full term in says he looks better when he saw me yesterday. Then he did back in August. North Korea says our earlier in August, I should say North Korea says Kim Jong UN was present at a meeting on Corona virus. This comes after rumors about his health Hong Kong, easing some social distancing measures the end of the week. Hong Kong pro democracy activists. Nathan Law on a visit to Italy is saying that Chinese businesses like Wile Away could pose a threat to the West. Not sure it's going to sit well with why sure won't sit well with Beijing does not be cute. FDA Commissioner Stephen Han has walked back his assertions about the efficacy of convalescent Plasma authority while saying that he would never go against FDA policy. And the consideration would never effective vaccine approval and its efficacy. What have hits market in San Francisco? I'm Ed Baxter, This is Bluebird Juliet. And thanks so much. Let's get back to Ben Powell, chief strategist of the BlackRock Investment Institute on the line from Singapore. You're talking about downgrading emerging market equities toe underweight and part of that reason is this renewed. U. S. China Tension Howyou rating this going into the election because there has been a lot of thought that perhaps the relationship could be repaired if there's a body in White House, but a lot of other saying, Look, this isn't about who's in the White House. It's really about the China side. So for US Investment institute. These tensions between the U. S. A structural and persistent. So what That means is most regardless of the results in 60 days from today, on November the first these tensions now with that being said clearly In the event of a change in the White House. I think we should all expect to change his style on important changes in approach, perhaps ah, more normal approach, including allies and so forth. In terms of the overall in tensions between the U. S. And China, which started with trade spread into tech and maybe broadly even further. Still standing at the BlackRock Investment Institute is regardless of the election results on the These tensions will continue because they are structural and systems. In any case, one can play some of the domestic themed cos pretty easily even if those tensions there, we see that when you look at what 10 Cent and may 20 Yen ping have done in some of these types of companies. However, when you look at the numbers of retail sales, they don't look very good. It looks like the industrial sector is still strong, but but retail spending is not How do you kind of put those things together and shape it into investing policy? So for me, I think China overrule is recovering quite well. So I think real GDP around 3% this year maybe 3% translations that 6% nominal GDP. Wish Teo Ah, base of $14 Trillion is an incremental GDP in the year of covet on political tensions. They're adding roughly the equivalent of Holland, which is a top 20 economy. So China Growth story. I think in cities well to your point on the consumer side, I don't think there's an interesting reality that just because you can Go out to restaurants. Cinemas doesn't mean necessarily that you will. I didn't think there's a you know a supposed for those other countries, which are following Klensch in China. In terms of consumer confidence just because government said to start something global friendly. Obviously, all of this sort of individuals, I'm gonna have to solve what we feel safe doing on behalf of ourselves. All Children. That's most pressing me O R. And perhaps in saying home means pent up retail demand, too. And I guess where does that end up going in the economy? So you've seen. It seems to be the very interesting combination receive data this in the last 24 hours with this remarkable, yes. Housing cells. We're seeing really those that can use the benefits of cheap global money. Take advances that do that for mortgages or car, second hand cars or or other That's for one of them, too. I suppose, uh, the Internet is not exactly a new thing. It's been around for a long time. But the virtual ization of everything, which was perhaps happening, it feels like we've had the next five years have been accelerated into just five months and therefore Even people who were later got Tio various retail that sites or communications have been forced to adopt some of that's gonna stick, and he was saying that reflected in the performance of tech equities and And indeed, in the things over the last a Dale Tu just in 10 seconds 10 15 seconds. Any other countries you focused on in Asia. It's of the taxi magic. We think he's continuing to be a strong one. So times, of course, but then in the text, Vic career on Taiwan continued back stories over increasing Focus in around the text there because they have tremendous.

China White House BlackRock Investment Institute U. S. And China North Korea FDA Akira Amari Hong Kong Gulf Coast Shinzo Abe Hobbit Japan Kim Jong UN Beijing Tokyo US Investment institute underweight Asia San Francisco
"blackrock investments" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

04:10 min | 3 months ago

"blackrock investments" Discussed on Bloomberg Radio New York

"A mask, but when it comes to indoor activities you still need to wear Your Mass. Sherry says the government feels it. Swift actions Help Curb the spread and GOP convention headliners. Melania Trump's secretary of state, Mike Pompeii, ll ho Bloomberg's Kevin so really says. We'll be speaking tonight as a private citizen. Members of the president's administration are allowed to speak publicly if they're doing so. In private manner there speaking as a private citizen, so it's likely he will be introduced as quote unquote, the Honorable Mike Pompeo, as opposed to the secretary. Say by the way, he sent out a memo over the weekend, telling his US his State Department staff that they may not endorse any candidate. In San Francisco. I met Baxter. This is Bloomberg. Art Brian, All right, and thank you very much. Let's get to our guest. The first guest on this show for this sour Ben Powell, chief, a pack strategist at BlackRock Investment Institute. Been in a nutshell. If you really want to look at the dilemma that investors have consider this that American Airlines is getting ready to cut 19,000 employees a story we just mentioned. And then Mark Benny, off at sales for us almost apologized for earning so much profit in a quarter when so many people are suffering, you know, it's it's not easy to make you wait here, but it's probably also not going to be very soon that we see money rushing into the American Airlines of the world and out of sales force. I think that's right, though. For us, The global economic situation is one of an activity restart. Of course, there is still uncertain surround the virus itself. US elections, politics and I left it in the round. Even the last time we had a pretty robust data from US housing. Jim and I saw a Korean consumer sentiment so all over the world. It seems to us that we have this activity restarts. As the world very casually begins the normalization of economic activity on that combined with policy revolution, which we might see more detail from checkout tomorrow at the virtual Jackson Hole. That combination of activity restart polished divination ivy, the remarkable tell wind of support from all over the world. We think we'll continue to provide a Pretty final backdrop for risk even from him. Let's talk more about what you're expecting, then from J. Powell and I guess what we could see reflected there in the bond market. Yes, I think it's really interesting that he speaks focused around the policy review that the begun to taking it off. A year or so. I think he can't give us the full story because he was one from run. The committee's We might get a full detail during the 15 16. But with that being said, I think it will be the beginning of the reveal if you like, essentially towards the direction of a cold average inflation targeting on what that I think will mean for markets. That is the case. Further commitment from the Fed, trying harder to get inflation potentially even deeper than higher than 2%. He's gonna have that average of two per cent over some period of time. Perhaps For years. It seems Teo me that tomorrow we'll get the buildings are a sort of agree a reveal that might take two or three weeks through the end the Fed meeting. Again. I think we'll be in the direction of further policy supporters, part of this border, a CZ we terminate the BlackRock Investment Institute policy Revolution. Yeah. So why are you downgrading emerging market equities? So for the moment we want to be exposed to risk but in a consistently careful manner across the port area, so we've in other way quality for a period of time, which is which probably worked out for your question to the You know, amazing successive tech companies. Even in this difficult time on then, within geography, it seems like almost unfairness, but a shock like a virus. The world.

Ben Powell US BlackRock Investment Institute Bloomberg Mike Pompeo American Airlines Fed Melania Trump GOP Sherry Jim San Francisco Mike Pompeii secretary Baxter president Mark Benny Jackson Hole Kevin
"blackrock investments" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:52 min | 4 months ago

"blackrock investments" Discussed on Bloomberg Radio New York

"In London Niner one. If you're listening in Paris, Frankfurt or Brussels, and we do have this deal on the recovery fund. Roger. It seems that what eventually pushed it through was a little bit of a change in terms of how much of the emergency fund would be made. In grants. We remember the initial number proposed was 500 billion euros. We're looking at 319 now with 360 billion in low interest loans, But then also what got the frugal Four on side perhaps was this offer of rebates? Yeah, It's uh, seem to have been what pushed it through because in the end, this is a symbol almost more than the reality until the way Europe's gonna be going forward. I think they will realize that we talk to Maria today earlier on Out of Brussels you very much making this point is, he's a various, very significant moment in European history and, well, the European stocks seem to be reflecting that, I think Yeah, A different reaction in the euro and that we didn't actually see it dip earlier is pretty much unchanged right now. But it does beg the question over all over how much more of a lift we can get to European assets, given what was already priced in, and we do understand that Italy will likely be the biggest beneficiary from the plan. We saw spreads Titan quite significantly yesterday. We do see Tanya Btp yields fall a little further today, but you wonder whether those moves in terms of BCPs European corporate credit risk equities have legs beyond today. Yeah, it's it's a key question of the other big issue that's dominating here in the UK this morning. Is this Russian reports coming out from Parliament very significant, not least because it makes show a certain amount of finance going into the conservative Party from Things linked to Russia has been a fear about it because the report's been delayed for a very long time. We should hear about that at 10. 30 this morning. Yeah, just one more No on Europe. Roger on. Black Rock is saying that European equities are actually the best way to play a rebound in the global economy, And they're sort of talking about Europe versus emerging markets because they think the risk of new infections Make GM shares too risky. That's according to BlackRock Investment Institute. Let's get to the markets, then on with three minutes into the equity market open here in Europe futures were pointing to a strong start. And we are looking at 1/3 day of gains in European equities. The stock 600 up 6/10 of a percent across regional equity benchmarks. You're seeing the foot 100 up 1/4 of a percentage point, the cac 40 up 6/10 of a percent. The DAX up 9/10 percent ibex up by the same, the footy may bleeds. Up more than 1% taking you look across us future. So the NASDAQ hit another record yesterday. It's spread to its 100 day average of the highest in 20 years. So in other words at the high since the dot com boom in the NASDAQ, hitting another record, after, of course, it had a little bit of a rough week last week. Comparatively, you start to ask the question whether it's really momentum driven or fundamental driven. If you can see it move either way, when you have the same conditions off progress on a vaccine, NASDAQ futures Up 7/10 percent S and P E minis. 4/10 percent. Dow futures up four tents for percent, and we did see futures in the U. S. Gained momentum after the news on the YOU Recovery fund, which was interesting green on the screen and Asia as well. Of course, a lot of that was the carry through from yesterday's tech fueled rally but also optimism around virus developments. The 10 year Treasury yield is dead, steady on a 61 handle tenure bundle goes nowhere at negative 45 Tenure. Guilt hell, steady at 15 basis points had talked about the 10 year BT peeled, It's down. 3.5 basis points towards a 106 handle. We did see some dollar weakness overnight, and it was the commodity currencies that were outperforming. We are still seeing a little bit of dollar weakness. Now we did moderate a little bit earlier the euro. Meanwhile, on when we got the news through on the deal for the stimulus plan in Europe had actually dipped slightly, But now we are dead steady at 1 14 56 and then finally oil not moving a whole lot today but gaining a little bit of momentum to the upside..

Europe Roger Brussels BCPs European Italy NASDAQ Tanya Btp Parliament YOU Recovery fund UK Paris BlackRock Investment Institute Frankfurt Maria GM Russia Asia
"blackrock investments" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:19 min | 5 months ago

"blackrock investments" Discussed on Bloomberg Radio New York

"A pretty good run yesterday is down about 2/10 of 1% seeing dollar here once for 3919 I was seeing a bit of a pullback in W T I crude as well after that game to $40 a barrel earlier, Thie creep price now at $59.36 gold in terms of that safe haven play is a little weak as well. 1797 US Stole is announcing was seeing a little bit of a switch out of the cave bonds here in Asia to let's get up in San Francisco now and best on edge. All right, Thank you. Julia. US rejecting China's expanding claims in the South China Sea. This reverses previous trump policy of not taking sides. Shinzo, obvious Cabinet approval rating unchanged 36% and H. Capel Hong Kong rolling back some re opening chief executive Carrie Lam, requiring public wearing of masks with fine to enforce on public transit, along with some other measures. EW says not going to step up support for Hongkong's economy. California Governor Gavin Newsom is closing all public indoor activities in the entire state, he says cases hospitalizations icy, You deaths increase in alarming pace and the states two largest school districts will start new term with remote learning. The president calls again for schools to reopen. With on site classrooms, and I want to go back. Something's ringing in my head that I just said. I want to make sure I get a correct The U says it is going to step up support for Hong Kong autonomy in San Francisco I met Baxter. This is Bloomberg, Juliet. Thank you, Ed. Let's get back to Ben Pal chief, a pact strategist at BlackRock Investment Institute on the line from Singapore. We've been talking about the rebound in equity markets and the effect of lockdowns to with all of that in mind. You've moved. Toe overweight on credit. Tell us a little bit about this cold. That's right, Judy. It's look, we think that it makes sense to continue to be exposed to risk in the portfolio. But to do so, in a careful way, I suppose, given the uncertainties around A virus itself to your politics and so on. So we have a consistent UPIN quality bias throughout the portfolio both in terms of geography and in this regard, asset class, so we are neutral global equities. But overweight credit on both strategic and tactical time frame because we think that credit office is senior to equities within the capital structure, so speak to the president for quality. Aunt. Also, of course, in a world where income is ever harder to come by. We think credit convey an important part for portfolios to try to solve for income. Which is obviously an increasingly tricky challenge. So, as you mentioned you've gone neutral on equities globally, particularly with Japan in the United States. What about Europe? Doesn't Europe look a little bit better at the moment? We agree. So we've gone overweight Europe Just a couple of weeks ago, we launched our second half outlook on the constructive change, I guess within the equities. It follows that we made with what great Japan to neutral and to upgrade Europe to overweight on. I would say there's some related reasons for the Japan and Europe upgrades. Firstly activity restart. The world is In Apache and not totally risk free way. But nonetheless, activity is restarting on of course, Europe on Japan has got gearing into that now to Europe. We've got a very important week this week. Around the politics and the potential for the recovery funds to become much more tangible on if we get this combination of recovery fund policy supports and coordination within Europe. Which does happen at times of crisis, for the most part, if we get that on the cyclical uptick what then we think Europe Khun do better. Hence our upgrades to your equities on the tech school, Let's say six months horizon. There's still some concerns there, as you say about us, and we're looking to earning season there, too, and and how companies have whether you know how they are going to whether the pandemic what is kind of the weakest link as we look to. Perhaps some for the bankruptcy is coming through, too. I think the Fed has made remarkable moves to help with the back in March, I suppose, is the healing off markets on now has moved into supporting many, many Cos. Through this very difficult time to try to create the bridge from before the virus to offer the virus earning season. Obviously, we're going to be looking back at you two and the numbers are going to be Very, very tricky. But I think the focus for markets will be on what a corporate leaders want. Seo seeing now on what they think is gonna happen over the next several weeks. So the numbers of course, interesting but some degree backward looking I do think in a very uncertain world what we can learn bottom up from these corporate leaders. What they're saying on the ground is absolutely critical for the continued Forward movement in markets over the next few weeks. Ben, How serious do you see the increase in U. S. China tensions at the moment. It's obviously extremely important. We the BlackRock Investment Institute consider the US China attentions to be structural on persistent on that's important, the structural bit means that regardless of who wins in November These tensions will likely continue because of the full nature. So if there is a Democratic win, there could be a change of tone. But in terms of the US, China structural and persistent attentions, these will continue. Now we are all of Vega's. Everyone is the trade tensions broaden into tech tensions on potentially feels like on the way to becoming everything tensions. So this is a critical risk for For markets. Ben. Thank you for your insights will see you are now. Bloomberg Daybreak Middle ace in a couple of hours as well. Ben Powell, chief AIPAC, strategist at BlackRock Investment.

Europe US Japan China BlackRock Investment Institute Ben Powell Bloomberg San Francisco South China Sea president Asia Carrie Lam Governor Gavin Newsom Hongkong H. Capel Hong Kong Julia California chief executive Hong Kong
"blackrock investments" Discussed on KNX 1070 NEWSRADIO

KNX 1070 NEWSRADIO

02:56 min | 6 months ago

"blackrock investments" Discussed on KNX 1070 NEWSRADIO

"Seventy three degrees I know you want to know but the beaches beautiful sunshine upper sixty sixty eight degrees in fact at the beach in Santa Monica two seventeen right now whole boy a lot of us and please include me in this miss baseball and now there's an added insult there is an outbreak of covert nineteen at the meat packing plant in Vernon where Dodger dogs are made a large number of employees have tested positive for the virus since mid April at least a hundred forty people Smithfield foods which owns the plant says safety measures are now in place a judge's order is now in effect to move tent cities away from Los Angeles freeways in spite of that an attorney who is suing the city and county says there are still lots of confusion on how to do it well the only city in LA county submitted their plans in writing to the federal judge overseeing this case on exactly how they'll deal with homeless encampments around freeway overpasses on ramps and bridges the shelter at the start relocating people turning Elizabeth Mitchell tells can X. this case legally is extraordinarily unusual up front the city and county both agreed to give the judge enormous and independent discretion thank that's not what the court order and the court order calls for humane enforcement taking into consideration the coronavirus and then I will do this order is in effect there is no action in the city of Los Angeles and its last filing did ask for an additional two weeks to refine its plan to remove those encampments Craig Fichtner can extend seventy newsradio a film producer who's facing federal charges in LA and New York has been arrested at his home in Beverly hills Sadler's accused of applying for one point seven million dollars and paycheck protection program loans meant to help small businesses stay afloat during the corona virus crisis then using some of the money to pay off credit card debts and other personal expenses the P. P. P. is obviously a significant expense for the American taxpayer and for very good reason people are hurting right now small businesses are struggling to survive federal prosecutor Alex Winant people like like this you take advantage of an abuse that program they deserve to be held accountable Sandler the founder and former chairman of after on pictures was ousted late last year prosecutors say he falsely certified the PPP loans would be used to finance the operations of three operon entities in New York seller's charged with defrauding the blackrock investment fund out of millions of dollars he allegedly said the money was for the film business but instead used it to buy things including a Beverly hills estate sellers facing charges in both cases that could send him to prison for the rest of his life click to get this guitar KNX ten seventy newsradio settlers being released on a hundred thousand dollars bond and will be under home confinement he is awaiting arraign two twenty let's check money news who's ready to young by the industry's count half of the gamblers at casinos are over the age of sixty five the age group is also.

"blackrock investments" Discussed on KNX 1070 NEWSRADIO

KNX 1070 NEWSRADIO

02:36 min | 6 months ago

"blackrock investments" Discussed on KNX 1070 NEWSRADIO

"Loans are meant to help small businesses stay afloat during the coronavirus crisis obviously when the PPP program was put into place we have the government will very aware that it might be susceptible to fraud like that until we were ready for it we were looking for suspicious using of the funding like the ones we saw here federal prosecutor Alex Wideman any abuse of this program will not be tolerated settlers also facing fraud charges in New work he's accused of cheating the blackrock investment fund out of millions of dollars they say the money was for the film business but instead using it to pay for such things as a Beverly hills estate if convicted as charged in either case other could end up spending the rest of his life in prison click to get this guitar KNX ten seventy newsradio Sandler's being released on one hundred thousand dollar bond will be under home confinement he is awaiting arraignment actress Lori Loughlin fashion designer husband was CMO G. and only pleaded guilty in the college bribery scandal but a federal judge in Boston hasn't decided if he'll accept the deal they made with prosecutors Loyola Marymount university law professor Laurie Levenson says works unlock once favored that the prosecutors cut a deal he really has to hope that the judge agrees because the judges thinking not just whether it's fair to her but whether it sends the right kind of message to other people who might think that they can buy their kids way into college wanting would spend two months in prison well generally would serve five under the plea deal in the judge's scheduler sentencing hearings for late August but hasn't said wind he'll decide to accept the deal Lachlan engine only paid half a million dollars to get their daughters the U. S. C. they are among dozens of wealthy parents coaches and others charged in the bribery scheme save twenty time to check your money here's Greg Jarrett is going bad testing into retail sleep store sound attractive no I don't want to wait a bit previously occupied by the other potential bad buyers well you're not alone with the pandemic and mandatory shelter home orders combined with the closure of nonessential businesses mattress sellers all across North America are in trouble Bloomberg's Paul Bagnell uses sleep country Canada as an example January and February were great then came the pandemic March same store sales which were minus twenty six percent and change emerged city lab reported that back in January bed in a box online breakout bestseller Casper was hungry to go public and establish more brick and mortar on the premise people were more prone to buy after physically testing the bed now Bagnell says brick and mortars going the other way big big focus will be on online sales rate changes for America's nine thousand mattress stores.

Casper Lachlan professor Loyola Marymount university bribery Lori Loughlin newsradio Sandler KNX Beverly hills blackrock fraud Canada Paul Bagnell Bloomberg North America Greg Jarrett Laurie Levenson Boston
"blackrock investments" Discussed on WCBS Newsradio 880

WCBS Newsradio 880

01:32 min | 10 months ago

"blackrock investments" Discussed on WCBS Newsradio 880

"News at seven sons rising forty three degrees on this Wednesday morning at six fifty five money news here's Joe Connelly so New York businessman dominate the national business and political today Donald Trump and Michael Bloomberg along with the democratic socialist Bernie Sanders Bloomberg's campaign says that he will sell the Bloomberg media and financial data company if he's elected president so that it have no conflicts of interest and the money he would make from sale of the company he founded forty years ago at the dawn of the computer era what all go to Bloomberg philanthropies the other headlines say Bloomberg tilts to the left among the Democrats by saying he would bring back president Obama's and senator warrants controls on the financial industry Bloomberg's net worth is estimated at around fifty six billion dollars it's estimated the Bloomberg company could sell for forty billion well the only companies that could possibly even biased afford to buy it might be chase blackrock investments for Google or Amazon if any of those buyers would be improved DOW futures are up sixty eight points tech employees a Kickstarter based in Brooklyn to become the first tech company workers to vote to unionize the employees of some of the other tech companies are talking about unionizing to I'm Joe Connelly for Bloomberg and WCBS newsradio eight eighty.

Joe Connelly Donald Trump Michael Bloomberg Bernie Sanders Bloomberg president senator Google Brooklyn Bloomberg New York Obama blackrock Amazon
"blackrock investments" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:37 min | 1 year ago

"blackrock investments" Discussed on Bloomberg Radio New York

"Not lead to prosperity and so what we have today his confidence is being undermined you seated investment spending this is starting to hit the economy as a whole and it's starting to reflect itself in markets we also have the particular issue that if there were to be a recession it's not clear at all what the policy response would be the problem of being out of ammunition I think as an additional concern to markets and is an additional explanation why we see these extreme movements in the yield curve and interest rates general crock blackrock investments she has a wonderful paper out cold in a dealing with the next downturn from unconventional mock unconventional monetary policy to unprecedented policy coordination now one of the authors is also Stanley Fischer a former fed again does the inverted yield curve have an impact on central banks and the markets worry about central banks inability to deal with it desserts for politicians to spend money the point of the paper here is that more of the same in terms of monetary policy is unlikely to be an appropriate response if we get into a recession or sharp slowdown to the questions what comes next and I think that what we're facing is there's no framework at the moment it is not at all clear with central banks would do particularly those that are already at the at the zero lower bound to deal with a situation like this so what we're proposing is the next step has to be something else than just more of the same something that goes into the direction of essentially what we call going direct which would be ways of putting money into the pockets of consumers corporate Sarek clean orders spend so to go around the interest rate channel as opposed to the traditional central banking.

blackrock investments Stanley Fischer Sarek
"blackrock investments" Discussed on WCBS Newsradio 880

WCBS Newsradio 880

01:55 min | 1 year ago

"blackrock investments" Discussed on WCBS Newsradio 880

"Joe what we know is the Dow futures are down a hundred forty five points right now we don't know what stocks will close though today or even be a half hour from now stock averages have been lower lately but are still only about three percent below the record highs and people are pleased to see many other investment funds are up sixteen percent or even more for the year to date what stock averages are only about three percent higher than they were a year ago today because most of the games this year were just a recovery from the clients in stocks late last year and lately stocks have been tapped by president trump's tariffs in politics and global economics and the fact that our economy is grown for ten years and maybe dool to slow although there are more predictions of that than actual reports showing it so far is it entrances you'll put new terror of so many consumer products next month blackrock is made an unusual move for a big investment fund to diversify by becoming the largest shareholder in authentic brands which now owns Sports Illustrated and the rights to the images of Elvis Presley Mohammed Ali and Marilyn Monroe because blackrock investments believes that they have valuable in during appeal Wall Street not impressed stocks lower we'll bring lifter still both below their initial offering prices in numerous telling Wall Street they'll reduce promotional fares to try to stop losing so much money over may follow lifted denying driver's access to the apt to meet new city regulations on reducing the number of cars being driven around without a passenger increasing congestion the city says app cars now spend forty one percent of the time cruising empty to get access to the app again some drivers would have to drive to.

Joe trump blackrock Sports Illustrated Mohammed Ali Marilyn Monroe blackrock investments president Elvis Presley three percent forty one percent sixteen percent ten years
BlackRock becomes Authentic Brands' largest shareholder with $875 million stake

Wayne Cabot and Paul Murnane

00:26 sec | 1 year ago

BlackRock becomes Authentic Brands' largest shareholder with $875 million stake

"Blackrock is made an unusual move for a big investment fund to diversify by becoming the largest shareholder in authentic brands which now owns Sports Illustrated and the rights to the images of Elvis Presley Mohammed Ali and Marilyn Monroe because blackrock investments believes that they have valuable in during appeal Wall Street not impressed stocks lower

Blackrock Sports Illustrated Mohammed Ali Marilyn Monroe Blackrock Investments Elvis Presley
"blackrock investments" Discussed on KMJ NOW

KMJ NOW

02:12 min | 2 years ago

"blackrock investments" Discussed on KMJ NOW

"Recently we talked about it very briefly recently he initiated a new boycott against firearm financiers and all evidence shows it was a complete flopper rooney now he did have some success with that laura ingraham sponsor boycott but the details of our honestly very interesting if your gun guys and gals you know the names blackrock the blackrock investment group and one of the others is banned event vanguard they're big investors in gun manufacturing he went after them and again though he had some success with the sponsor boycott and laura ingalls laura ingram program and her ratings by the way went through the roof he even though she lost some sponsors this attack on gun makers was an embarrassing miss and i will explain and very quickly we've all had a bunch of fun with our dna all of these companies that you know for a couple of bucks you get your dna don you have fun with your genealogy i did mine through twenty three and me or whatever it's called and you know i i verify basically what i always knew i'm english english english english but came over to england on a viking ship most notably from the region that is now norway and i plundered and i raped and pillaged my way from about lindisfarne on the map of england down to london where i settled for hundreds of years until the first appleton moved to london ontario in eighteen seventy two so you say you can't even blame me for slave ownership or anything like that but getting back to the dna collecting point for fun and family pleasure there is now great worry about dna privacy after one of those genealogy sites led to the capture of the golden state killer joe james dangelo think about that all that dna information is out there what are they doing with it.

rooney blackrock investment group appleton ontario laura ingraham blackrock laura ingalls norway london joe james dangelo
"blackrock investments" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:35 min | 2 years ago

"blackrock investments" Discussed on Bloomberg Radio New York

"Spending time with us adam posen he is president of the peterson institute for international economics he is the author of such books as restoring japan's economic growth and inflation targeting lessons from the international experience and that co author of that book was none other than a former federal reserve chair chairman ben bernanke coming up on bloomberg surveillance more from the international monetary fund's spring meeting in washington dc with my cohost and colleague tom keene also with its abell mateos alonzo blackrock investment institute chief multiasset strategist and taking a look at the bond market right now little bit of a sell off at the long end the thirty year has a yield of three point one zero percent now let's go get some news from mr michael barr mr barr thank you pimm thank you tom pages of documents contain new details about a series of interactions between president donald trump and former fbi director james call me before he was fired in may of two thousand seventeen according to commes memo's the president asked about the possibility of jailing journalists and loyalty to trump students at more than two thousand high schools across the country are expected to walk out of classes today as part of an organized protest against gun violence the protests coincides with the nineteen th anniversary of the mass shooting at columbine high school in colorado in a labor dispute arizona teachers voted to walk off the job to call for more education funding global news twenty four hours.

international monetary arizona commes director fbi donald trump pimm mr michael barr blackrock investment institute tom keene washington president bloomberg ben bernanke peterson institute for interna adam posen colorado columbine high school james mr barr
"blackrock investments" Discussed on WBZ NewsRadio 1030

WBZ NewsRadio 1030

02:10 min | 2 years ago

"blackrock investments" Discussed on WBZ NewsRadio 1030

"We're just getting started what do you think well you know i it's kind of funny 'cause they tend to bring out the financial stocks and you never know what's happening with a financial stocks have been good so the numbers we got today we're actually pretty solid goldman sachs had some good things to say j p morgan had some record results bank of america really didn't get the results but they did rally in line with it citigroup is okay i think the week one was probably wells fargo and blackrock investments also had some pretty good things lined up for them and still the market finished in the red thank you dave wbz news time i five twenty seven where the fisher sale where the wind blows by a car where you'll be happy and of this you can be sure when you shop with the award winning team at family owned defection toyota of braintree winners of the two thousand seventeen president's award toyota's most prestigious award toyota of braintree has earned the highest rating for customer satisfaction in sales service and parts and dealer raider dot com has named toyota braintree the two thousand eighteen toyota massachusetts dealer of the year both of these awards depend on you the customer being happy and satisfied with sales and service for more than fifty years the defection family has made it their goal to make you happy so run with the pack fly with the flock ride with the peleton and joined the happy satisfied customers at defection toyota of braintree easy to get to write off route three at the union street exit look for the high flying american flag wbz news time five twenty eight all this week at bernie and phil's choose no tax or free delivery see store or website for details it orchestration stories from cdw a business that never loses clients never loses secrets never loses softball games but they did lose one thing i know put computer luckily cdw orchestrated a secure mobility solution for them using the hp elitebook it's engineered for speed collaboration and offers biometric security features because when data is safe you can't lose secure mobility by hp it orchestration by cdw learn more at cdw dot com slash hp cdw people who get it don't miss scott stays at your local ace our biggest lawn and garden sale of this spring right.

goldman sachs citigroup toyota president braintree bernie phil cdw bank of america blackrock investments dave wbz massachusetts softball hp scott fifty years
"blackrock investments" Discussed on KBNP AM 1410

KBNP AM 1410

01:39 min | 3 years ago

"blackrock investments" Discussed on KBNP AM 1410

"Gold up eight dollars eon sub seven tenths of one percent west texas intermediate crude up forty two cents a barrel to 46 44 up nine tenths of one percent i'm charlie pellett that's a bloomberg business flash thanks so much charlie and it is three forty eight and new york time for the bloomberg etf report blast brought to you by blackrock worried about market volatility minimum volatility strategies may be able to help too to learn more please says a black rapper dot com slash factors prepared by blackrock investments l l c here's bloomberg's jenid dragonheart the etf named after gamers but the ticker gam are is scoring big since it started in march of 2016 the pierre funds a video game tacky tf has climbed more than sixty percent here's blue limburg etf analyst eric barchen is those are syria numbers i mean this is only after a year and a half to what's going on here the ministry israel there's a lot of money going into it holdings include household names like nintendo game stop and sony along with some smaller midcap stocks cedar companies are just aren't big enough or have enough stature to make it in at a bigger brand named index have yet to me the need to capturing an industry that growing and doc that are more like any toddler and teenage era of their lives and not hold ron adult had botanist says because of the c could also see more volatility on the downside if there is a market selloff this will get hurt a little more than say yes and p 500 ethiopia yet stomach some of that when you play the upandcoming industries that are new in fledgling i'm janet dagon heart that's your bloomberg etf report greece is bloomberg markets with carol massar and cory johnson on bloomberg radio.

texas bloomberg janet dagon ron sony syria analyst pierre york charlie pellett cory johnson carol massar ethiopia eric barchen bloomberg blackrock investments blackrock one percent eight dollars sixty percent
"blackrock investments" Discussed on KBNP AM 1410

KBNP AM 1410

02:08 min | 3 years ago

"blackrock investments" Discussed on KBNP AM 1410

"Best level of the day the tenure up six thirty seconds the yield their two point three two percent gold up 1060 the ons to twelve 27 up nine tenths of one percent and west texas intermediate crude higher by fifty cents a barrel to forty six fifty eight that is a gain of one point one percent so the s p yup fourteen up sixtenths of 1 percent the dow up a hundred and fourteen up five tenths of one percent nasdaq up forty one a gain of seven tenths of one percent again gold up ten seventy a higher by nine tenths of one percent i'm charlie pellett that's a bloomberg business flash figure would surely villa will you are listened to bloomer markets in our etf report is coming up here brought to you by black rock were but market volatility will minimum volatile these maybe it will help to learn more visit blackrock dot com slash factors prepared by blackrock investments elsie here's geno dragonheart index makers are facing new challenges as people care more about their etf brands unless about the index brands behind them and they don't have any even notice at the end of it anyway it creates an environment where serious cost pressures naturally etf brand trained to get more and more trustworthy brand with the investor that not a great environment if you're trying to get peace from light index tv companies bloomberg intelligence etf analyst eric chen says it learn the middle of a fi war he's zero um you're probably gonna get gump evil world will replace the index with a keeper competitor punching is adds that another alternative could be self index thing with increase was a pioneer in health thing but now you see blackrock doing it omitted three hundred thirty eight etf heated up i to that they're doing this for it's interesting to see if this will be a a trend forward where somebody dig issuers to start making their own indexes and tracking it an edge out the brand name annexed altogether i'm jennifer dagon heart that's your bloomberg etf report thank you almost the the rockets who brought to you by eisneramper international tax professionals multinational companies most prepare for tax reform france a new territorial texas some cash repatriation eisneramper dot com slash 2017 tax reform.

dow nasdaq charlie pellett eric chen france west texas bloomberg blackrock investments geno dragonheart analyst gump blackrock jennifer dagon eisneramper international one percent six thirty seconds three two percent 1 percent
"blackrock investments" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:03 min | 3 years ago

"blackrock investments" Discussed on Bloomberg Radio New York

"Listening to bloomberg markets time for the bloomberg etf report brought to you by blackrock worried about market volatility minimum volatility strategies may be able to help to learn more please visit black rock dot com slash factors prepared by blackrock investments l l c here the bloomberg atf report art lindbergh jenna daqing heart vanguards inflows they're proving it can do much more than index funds vanguard is reshaping the whole asset management business in a similar way at amazon is reshaping retail and quotas so strong i'm not even the words of their founder can stop them bloomberg intelligence etf analyst eric barchen is calls vanguard quote bogle proof even areas that their founder jack fogel has been criticizing over the last several months several years even those areas are taking in money for example bogel have been no fan of etf think they're like handing an arsonist the match you think people tartu trade them too much but vanguard etf taken in seventy seven billion dollars vogel has also bast international funds and smart beta but they're still doing well vogel was at a couple conferences this year where he basically fit mart beta uh make claims they can't fill and said it wasn't a good way to invest and out vanguard smart beta fund have taken in about twenty five that's your bloomberg etf report i'm jennifer bagging heart our agenda thank you so much you're listening to bloomberg markets carol massar along with cory johnson on this tuesday and just to kill a coretail at some of the most read stories on the bloomberg today and now one is senate republican leaders dropping provisions that would repeal to taxes on high earn owners in a revised draft of their healthcare bill a sense the congressional budget office is tea gop senators republican leaders now planning to retain obamacare's three point eight percent tax on net investment income for people who earned more than two hundred thousand dollars and couples with incomes over two hundred fifty thousand dollars as well as a ninetenths of a percent medic care surtax on the same income so they're working their way through things but it's so interconnected right you need.

blackrock blackrock investments bloomberg amazon founder analyst eric barchen jack fogel vogel cory johnson obamacare atf bogle tartu senate gop two hundred fifty thousand dol seventy seven billion dollars two hundred thousand dollars eight percent
"blackrock investments" Discussed on KBNP AM 1410

KBNP AM 1410

02:16 min | 3 years ago

"blackrock investments" Discussed on KBNP AM 1410

"Listening to bloomberg markets time for the bloomberg atf report brought to you by blackrock worried about market volatility minimum volatility strategies may be able to help to learn more please visit black rock dot com slash factors prepared by blackrock investments l l c here's the bloomberg atf report lindbergh jenna daqing heart vanguards inflows they're proving it can do much more than index funds vanguard is reshaping the whole asset management business in a similar way that amazon is reshaping retail and so strong i'm not even the word of their founder can stopped on bloomberg intelligence etf analyst eric bar chen is called vanguard quote bogle proof even areas dad their founder jack fogel has been criticizing over the last several months several years even those areas are taking in money for example gogel has been no fan of etf he think they're like handing an arson the match he think people try to create them too much but then gurdeep yet taken in seventy seven billion dollars vogel has also bast international fines and smart beta but they're still doing well bogle was at a couple of conferences this year where he basically hit patea uh make claim they can't fill and said it wasn't a good way to invest and vanguard smart beta funds have taken in about twenty five that's your bloomberg atf report i'm janet dagon heart i tend to think he somewhat you're listening to bloomberg markets carolmassar along with cory johnson on this tuesday and just to kill a coretail some of the most read stories on the bloomberg today and now one is senate republican leaders dropping provisions that would repeal to taxes on high earners in a revised draft at their health care bill assent the congressional budget office is currenty gop senators republican leaders now planning to retain obamacare's three point eight percent tax on net investment income for people who earn more than two hundred thousand dollars and couples with incomes over two hundred fifty thousand dollars as well as a ninetenths of a percent medicare surtax on the same income so in other working their way through things but it's so interconnected right you need to kind of work their healthcare before he can figure out kinda the tax cuts and then all of this quest plays into any budget del mundo one is is a complicated way that they intend to pass a stuff without to getting with with tax change without getting a majority number of votes which is.

bloomberg blackrock blackrock investments amazon founder eric bar chen jack fogel arson cory johnson obamacare atf analyst bogle senate gop two hundred fifty thousand dol seventy seven billion dollars two hundred thousand dollars eight percent