36 Burst results for "Bloomberg"

Fresh update on "bloomberg" discussed on Bloomberg Wall Street Week

Bloomberg Wall Street Week

01:21 min | 2 hrs ago

Fresh update on "bloomberg" discussed on Bloomberg Wall Street Week

"Racing might be getting a black eye, the most recent Kentucky Derby winner Medina Spirit might be getting disqus. Mollified. The Kentucky Horse Racing Commission notified Bob Baffert and Medina Spirit returned a positive drug test after the Rays effort denies the claim. However, he has been suspended, according to a statement from Churchill Downs. If the findings are upheld, Medina Spirits win will be invalidated. Amanda Loon will be declared the winner. A new tropical storm in the Pacific, Now the earliest tropical storm in the history of the Eastern Pacific hurricane season. Andres is over 600 miles south of Mexico's Baja California and is imposing any threat to land at this point. A top U. S. Fuel pipeline operators working to recover after ransomware cyber attack, Reuters reports The attacks cause colonial pipeline one of the largest pipelines in the country to close, which may cause a spike in gasoline prices. Colonial pipeline carries nearly half the East Coast fuel supplies. Undying Utah. This'll is Bloomberg Wall Street Week with David Westin from Bloomberg. Radio Way. Welcome. Now our special Wall Street we contributor Larry Summers of Harvard. Larry welcomes great to see you So first we'll start with these jobs numbers. They were so surprising to so many people 266,000 instead of one million, some people thought we two million They tell us anything beyond this one Data point. I think it's hard to interpret. My sense is that it's got a lot to do with the emerging labor shortages that we're hearing about almost everywhere. That managers in many different places are talking about and worrying about it. And if people can't find workers employment can't employments got to go up? Evidence for that is that we really had a extremely strong average hourly earnings print this month. Now it's only one month and they were down last month. But they were up to 9% annual rate this month, and probably the figure was artificially held down. The fact that most of the new jobs were in low wage sectors like restaurants, so I think what we're seeing is more and more evidence of labor shortage. And maybe that will prove to be transitory. Maybe it'll turn out that as people go back to school, Um more and more people come into the workforce and will lose that sense of labor shortage. But as I look at the data, I see much stronger evidence that people who retired over the last year aren't coming back. I see more and more evidence that people who in one way or another have changed around their lives aren't coming back for a while, So I expect that is the economy grows rapidly is everybody thinks it's going to over the next few months? That labor shortage problem is going to grow that that's going to be putting more and more pressure on wages, and that's ultimately gonna move into prices, so I actually think there's reason to think that Inflation might even accelerate from where it is this summer, rather than the deceleration that the Fed and the Treasury or so confidently. Predicting, you know, it's further evidence for that view Toe Look at the housing market. You see the prices of housing rising an incredible mid double digit rates in the teens that probably is telling you that rents are going to be going up before long. That's why people are buying these houses. In part, that's certainly why private equities buying up A large amount of houses and right so far rental factor has been holding down the inflation indices, and that's about to change. So between the inventory issues, the labor shortage issues the rental issues. I have to say that my concerns about inflation are increasing. Are we contributing to it in part by keeping people on the sidelines because of how much we're reimbursing them for being unemployed. That's something that both president buying a dress this week and secretary of the Treasury yelling did they were both asked pointedly, you're paying people want not to work is that making the situation worse? Both of thought. That's not the problem. I think it's more a matter of having to stay home to take care of kids or elderly. Relatives. What do you make of that? Respectfully. I think it is close to self evident. That the fact that people are being paid Morte to stay at home. They would be to work in millions of cases is reducing the available supply of labor. I think the fact that the fraction of the unemployed who are getting unemployment insurance is it record highs is contributing to people being more picky. About jobs. You could argue that it's really important relief. You can argue that it's really important insurance that we're providing, but I don't see how one can plausibly say That paying people Morte to not work than toe work is having no effect on the availability of workers. On. I didn't. We just need to recognize that it may probably was the right thing to do when we really wanted people to be very careful to stay home and not spread Cove. It. But I just very hard to justify and rationalize them. Uh, right now. Laurie as a macro economists. Are you concerned at all? There are models might not really let us know where we are. We're driving the car too fast. Is the speedometer working because we haven't seen this sort of phenomenon, perhaps ever in the history of our economy on let's be Frank. The jobs numbers came in very different from what economist thought they were gonna be sent. And we never saw that kind of go down that fast. Come back that fast and goodness knows with all the monetary and fiscal stimulus. Do we really have a model that tells us where we are and where we're going? Look, I don't I don't think any of us can predict with great precision, and I think overconfidence is a real eyes a real problem. That's why I've always framed my prediction. Probabilistic Lee is the one third chance this all work out. Well, there's a one third chance that we're really gonna push the inflation rate up in the way we did after Vietnam during Vietnam and into the 19 seventies, and there's a one third chance that we're gonna have some kind of fiscal monetary collision. So I think you gotta recognize that there's a uncertainty. I think you can discern sort of. Broad structure and trend off the way things are moving, and I think the law of supply and demand is more reliable than most other economic laws. It sure does seem like demand is rising relative to supply and that's certainly points towards rising prices and some acceleration. Of inflation, So I think that's the tendency but you're absolutely right, David that there are both wild cards that come from the outside, and there are doubts about internal dynamics. And those are things that absolutely have to be factored into the analysis. Um In a clear way. You know another thing to look at just because they reflect Ah, large number of views, and certainly one shouldn't always assume they're right because they're often wrong. Is what's happening in markets and what we're seeing in markets is that because the Fed is so clear about its reluctance to raise rates Um, you're seeing very little movement a nominal rates, but under the surface, you're seeing a reduction in real interest rates. And an increase in the inflation premium that's priced into the difference between nominal bonds and real bonds, and we haven't seen a three or four month movement. In inflation breakevens that was as large since these markets, got events and see index bonds got invented many years ago, right? The Fed may be very clear about that. But the former Fed chair who is now the secretary, Treasury, Janet Yellen wasn't quite clear this week..

David Westin Larry Summers Amanda Loon Bob Baffert Larry David Janet Yellen Frank One Million Two Million Reuters Laurie Medina Spirit 19 Seventies Medina Spirits Three Last Month 266,000 Pacific Utah
NASA Criticizes China's Rocket Re-Entry as Debris Lands Near Maldives

Bloomberg Business of Sports

00:23 sec | 18 hrs ago

NASA Criticizes China's Rocket Re-Entry as Debris Lands Near Maldives

"Officials with NASA criticized China for a lack of planning with the return to Earth of a Chinese rocket early today, the Chinese government said the rocket came back down, with most components burning up in the atmosphere during reentry, the report says the remnant of the rocket landed in the Indian Ocean near the Maldives. S administrator, Bill Nelson said China is failing to meet responsible standards regarding their space

Chinese Government Nasa China Indian Ocean Maldives Bill Nelson
Chinese Rocket Debris Expected to Plunge Toward Earth

Bloomberg Opinion

00:15 sec | 1 d ago

Chinese Rocket Debris Expected to Plunge Toward Earth

"Rocket is expected to re enter the earth's atmosphere and crashed sometime this weekend. It's unclear where the debris will come down. The rocket blasted off last month on a mission to create a new Chinese space station.

Andrew Cuomo’s Communications Director Become Latest Staffer to Resign

Bloomberg Wall Street Week

00:14 sec | 1 d ago

Andrew Cuomo’s Communications Director Become Latest Staffer to Resign

"News Room. Governor Andrew Cuomo was communications director Peter Ajemian has resigned. That's the latest and a growing number of staff departures as Cuomo faces investigations over sexual harassment allegations and nursing home deaths. A gem. Ian's last

Peter Ajemian Andrew Cuomo Cuomo IAN
U.S. Economy Generates 266,000 New Jobs in April — Far Fewer Than Forecast

The News & Why It Matters

00:35 sec | 2 d ago

U.S. Economy Generates 266,000 New Jobs in April — Far Fewer Than Forecast

"The. Us department of labor has released official april payroll report and This is not good news. It's really shocked wall street and prompted a lot of states to begin reexamining federal unemployment benefits so according to these numbers the economy added about two hundred sixty six thousand new jobs in april. This falls way short of forecasts and the unemployment rate rose to six point one percent. According to bloomberg overall employment remains eight million short of pre pandemic

Us Department Of Labor Bloomberg
Jeff Bezos Sells About $2.5B in Amazon Stock

Bloomberg Daybreak

00:18 sec | 3 d ago

Jeff Bezos Sells About $2.5B in Amazon Stock

"You. Another man also involved in the space program. Jeff Bezos has sold about $2.5 billion of Amazon stock this week. It's his first big disposal this year after off, loading more than 10 billion worth of shares last year and filing basis signal that more seals around the way the world's richest person still holds more than 10% of Amazon.

Jeff Bezos Amazon
Trump, Other Top Republicans Back Stefanik to Replace Cheney

Bloomberg Daybreak

00:19 sec | 3 d ago

Trump, Other Top Republicans Back Stefanik to Replace Cheney

"Truth and fidelity over the Trump ideology. Party leaders are calling for her removal as conference chairs. Some Republicans, including former President Trump are now back in New York Congresswoman Elise Stefanik to replace Cheney and her leadership role. President Joe Biden will push the case for his

President Trump Elise Stefanik President Joe Biden New York Cheney
Apple Rolls out Second Ad Slot to App Store

Mac OS Ken

01:22 min | 3 d ago

Apple Rolls out Second Ad Slot to App Store

"App store search results. Just got a bit more crowded with stuff. You're not searching for bloomberg. Says apple is pudding or has put a second advertising slot in the app store i say is or has because i'm not sure which it is or has according to bloomberg the company launched a new position for a paid advertisement on the app stores search page. Which will pop up at the top of the suggested absolutist. Previously developers could bid for an ad for specific terms within the search results themselves. Hence my is has conundrum. Sounds like they've gone ahead and pitched it to developers to. I've not seen that turned up yet. In the app store on my iphone in pitching it to developers apple says millions of users visit the app store. Search tab every day to find download their next app with search tab ads. You can catch the attention of these customers before they search well at least the ads not tracking. You still. wouldn't it be neat to let consumers do what they're trying to do instead of trying to distract them. No you're not the product but you can be a captive

App Store App Stores Bloomberg Apple
India Surpasses 20 Million COVID-19 Cases With No End in Sight

Bloomberg Surveillance

00:43 sec | 5 d ago

India Surpasses 20 Million COVID-19 Cases With No End in Sight

Top General Drops Opposition to Military Sexual Assault Policy

Bloomberg Law

00:17 sec | 6 d ago

Top General Drops Opposition to Military Sexual Assault Policy

"United States is dropping his opposition to how the military handles sexual assault. Chairman of the Joint Chiefs General Mark Milley admits the Department of Defense has not moved the needle in previous attempts and believes changes are due in the uniformed code of military justice. The process of

General Mark Milley Joint Chiefs United States Department Of Defense
Tesla's Berlin Gigafactory to Be Delayed Another 6 Months

Tesla Daily: Tesla News & Analysis

02:02 min | 6 d ago

Tesla's Berlin Gigafactory to Be Delayed Another 6 Months

"Everybody rob our here and today. We've got quite a few rumors through we've been hearing most this weekend about delays for gigabyte. We'll talk about that situation. You've got a handful of exciting rumors as well another. Snp inclusion for tesla news on giga austin and a couple other stories to discuss quick look at the stock start off the week tesla today finishing down three and a half percent amidst some of those rumors about giga berlian. Closing at six hundred eighty. Four dollars ninety cents that compared to the nasdaq which was down half a percent on the day or at so capturing the most attention this weekend has been the report from automobile. Voca in germany. They claim to have an exclusive report that tesla has delayed gigabyte saying quote the start of series production tests. New gigafactory and bruneta near berlin has been delayed by six months until the end of january twenty twenty. Two tesla. boss elon. Musk officially gave the team half a year. More reports automobile voca citing company circles and quote. So this then got picked up kind of all over the place. We had bloomberg report on this market. Watch report on this et cetera. And this of course follows the news that we discussed last week. That tesla had adjusted their approval. Permit application to include battery production as we discussed in that episode that may cause further delays. Because the permit may need to then go through the public feedback process again. And we've already seen tesla their dismay with your approval process. How it's been going so far before even these adjustments so i say that because a delay overall wouldn't be all that surprising a delay until the end of january twenty twenty two would be a little bit more than i would expect though and we did hear tesla give us an update on this in their most recent shareholder letter from q. On earnings where they said. The build out of giga berlin is continuing to move forward with production and deliveries remaining on track. For late two thousand twenty one machinery for paint stamping castings et cetera. Continues to be moved into the building. In the meantime we will continue to increase import volumes to europe. And so this was just last week. They're saying late twenty twenty one and we also saw them simultaneously. Update the design studio time line for delivery for ottawa in germany from previously sang production mid twenty twenty one two deliveries and twenty twenty one.

Tesla Giga Austin Boss Elon ROB Berlin Musk Germany Bloomberg Europe Ottawa
Manchester United fans storm stadium in protest of U.S. owners before Liverpool match

Bloomberg Daybreak: Asia

00:11 sec | Last week

Manchester United fans storm stadium in protest of U.S. owners before Liverpool match

"Liverpool is big Premier League Vaginal Trafford, scheduled for earlier today was canceled. After Red Devil fans protest to the Glazer family owners of man United. A make up date for the match is yet to be confirmed. Elsewhere in the Premier League toddler

Premier League Vaginal Traffor Liverpool Red Devil Glazer United Premier League
Luzardo Breaks Pinkie Playing Video Game

Bloomberg Daybreak: Asia

00:09 sec | Last week

Luzardo Breaks Pinkie Playing Video Game

"After the lefty broke his pinky while playing a video game before Saturday start. There is no time frame as to when the 23 year old will return on the enforcement that your Bloomberg

Lefty Bloomberg
Oneida Tribe Shut Down All 5 Reservation Casinos Following Shooting

Masters in Business

00:25 sec | Last week

Oneida Tribe Shut Down All 5 Reservation Casinos Following Shooting

"A targeted event and not a random shooting. At least three people are dead. And one is seriously injured after a shooter opened fire at a Wisconsin casino and was then shot by police. The shooting took place at the Radisson Hotel at Oneida Casino near Green Bay. A spokesman for there, not a tribe said they're shutting down all five of the casinos on their reservation. At least 10 people are

Radisson Hotel Oneida Casino Wisconsin Green Bay
Treasury yields are flat after data shows rising personal income, prices

Bloomberg Surveillance

00:16 sec | Last week

Treasury yields are flat after data shows rising personal income, prices

"Futures down 19 on the S and P. We declined by 4/10 of 1% Yield unchanged at 1 64 on tens euro dollar down about a third of 1% of 1 2083 in the commodity markets 63 49 on crude. We're down about 2.3% getting some economic data in the United States of

United States
Moderna to Boost COVID-19 Vaccine Production to Meet Global Demand

Bloomberg Daybreak: Asia

00:54 sec | Last week

Moderna to Boost COVID-19 Vaccine Production to Meet Global Demand

Facebook Revenue Rises 48%, Driven by Higher-Priced Ads

Bloomberg Daybreak: Asia

00:49 sec | Last week

Facebook Revenue Rises 48%, Driven by Higher-Priced Ads

"After the Bell Quarterly sales jumped 48% that number by the way, far above estimates the stock in late trading popped and let's get the story from Bloomberg's Charlie Pellet. Facebook saw strong demand from retailers and other advertisers seeking to grab attention from the social networks billions of users. Revenue climbed to $26.2 billion that dwarf the $23.7 billion average estimate of analysts, according to data compiled by Bloomberg. Facebook, also reported 2.85 billion monthly active users arise of 10%. Analysts projected 2.83 billion. Facebook, which also owns Instagram, and WHATS APP, has seen a surge in use of its platforms for at home entertainment on keeping up with loved ones. While people have been stuck in lockdown in New York, Charlie

Charlie Pellet Bloomberg Facebook Instagram New York Charlie
Apple Q2 Earnings Crush Analysts' Estimates With iPhone, iPad, Mac Sales

Bloomberg Daybreak: Asia

00:59 min | Last week

Apple Q2 Earnings Crush Analysts' Estimates With iPhone, iPad, Mac Sales

"Tech giant reporting fiscal second quarter sales of $89.6 billion that was up 54% from the same period in 2020. Bob O'Donnell is president and chief analyst of Tech Analysis Research. He told us that Apple strong performance was fueled by sales of Ipads, Max and five G iPhones, especially in China. China numbers are also looking really good almost double from a year ago. So that's that's a clear sign of the fact that the iPhone 12 having five G. That's what was critical for China because Five. The networks are very widely available in China, and without a five the phone Apple was at a real disadvantage. IPad in Mac sales also nearly doubled. Analysts say these results show Apple's control over the supply chain and its ability to outmaneuver competitors. Apple shares are up 2.6% in extended trading quote. Coma, the world's largest smartphone chip maker,

Bob O'donnell Tech Analysis Research China Apple Coma
Here's What's in Biden's American Families Plan

Bloomberg Daybreak

00:49 sec | Last week

Here's What's in Biden's American Families Plan

"bloomberg" Discussed on Today, Explained

Today, Explained

09:32 min | 1 year ago

"bloomberg" Discussed on Today, Explained

"Explain last night like many nights that came before it. There was a democratic debate but unlike the many nights that came before there was a new person on stage competing for the Democratic nomination and he may well have been a Republican. I don't think he look at Donald Trump and say we need someone richer in the White House. Let's put forward somebody. Who's actually a democrat? Actually he used to be a Republican. But maybe we should also ask how Mayor Bloomberg in two thousand and four supported. George W Bush for president. I'd like to talk about who were running against a billionaire who calls women fat broads and Horseface Lesbians and now I'm not talking about Donald Trump. I'm talking about Mayor Bloomberg back in late November when Michael Bloomberg announced that he would vie for the Democratic nomination. I spoke to Emily Stewart from. Vox about his candidacy. The episode was called Kennedy Billionaire by the presidency. So this morning I asked him. We how that's been working out for him. Well we don't know if he will buy the entire presidency but he can certainly by himself some traction. He is gaining in the polls. And everybody's kind of got some Bloomberg fever one way or the other right now if you look at the news and why is that why is why is everyone in a in a tizzy about Michael Bloomberg he spent about four hundred million dollars on ads on television digital on the radio next year we can have a leader who brings people together solves problems and gets results might? Bloomberg would get it done. Mike Bloomberg is sort of everywhere you go and at first. It was kind of like like. Here's this guy. He's late entrant in the race. He doesn't seem to have a lot of chances. And then by the time. January rolled around. It was really starting to become clear that he was gaining some traction in the polls and then it seems like the past couple of weeks a lot of Democrats and progressives have freaked out about Mike Bloomberg and there's a ton of opposition research on him you know he's a guy who was mayor of New York for twelve years. He has set a lot of things. Done a lot of interviews. He has a lot of baggage and so whatever positive messaging he was putting out has also been countered by a ton of negative stuff about him and that's all he's really done between November and now is like blanket the country in ads. Yeah I mean. He's also been out campaigning. He does do rallies. He hasn't been campaigning. In the first four primary state so he is not an Iowa not in him shirt Nevada or South Carolina. But he's going to Virginia California Pennsylvania so his plan is really to focus on Super Tuesday which is March third when a bunch of states vote. So he has been out on the trail but the main strategy is just inundate everyone with Mike Bloomberg everywhere I like I like I like. I like Mike. I like. My President Obama work together. I know Mike is not afraid of the gun lobby. My story would have turned out very differently. I had been black that he loves America. I'm Mike Bloomberg and I approve this message and it's working. His poll numbers are going up. Yeah I mean if you look at the real clear. Politics Average of national polls. He's third right now. Pretty far behind Bernie Sanders. Who's the front leader of a pretty close to Joe? Biden was for a long time considered to be the front runner. He looks like he's doing pretty well. In different states in head to head matched us with trump to there was a whole not too long ago out of Michigan that put different Democrats against trump and Bloomberg was the one who did the best and I guess it's official now that trump season as something of a threat because he like made up a nickname for him right. Yeah he calls them many Mike Bloomberg and these guys who've known each other for a long time. It's clear that trump is a little bit annoyed by Bloomberg. Here's a guy who is much richer than donald trump. He has more than fifty billion dollars in estimated net worth he runs a giant company giant philanthropy operation so trump has taken notice of this and. I'm sure you know they have a long history here at New York. Not necessarily enemy is but they've known each other for a long time and Bloomberg is definitely on the president's radar. There's that photo of like him playing golf with Bill Clinton and Donald Trump and Rudy Giuliani end. Who else is in a Joe? Torry Billy Crystal Mr Potato Head. Woodrow Wilson has some sort of like philanthrophy thing foundation thing. I mean they've known each other for a long time and I'm sure socially as well is Bloomberg success in the Democratic race coming at the expense of someone else's Biden who suffering as a result. Or who well I think. Part of it is Biden before Bloomberg jumped in. I had heard from people that basically he decided not to run in the first place because it looks like Joe Biden had a pretty good shot at the White House and then when he came into the race it did seem like that was a sign that he and his rich friends who probably were into a Biden presidency as well. We're worried about the former vice presidents prospects but I think there's also just a really fractured it. Non Bernie vote right now. Whether it's People Jesuit Amy Club Atari Even Elizabeth Warren like. He's kind of drawing from everywhere I think. If you're not into Bernie Sanders or are you are worried about his electability or voters are looking kind of wherever they can and Bloomberg is on their television screen and until recently you know people are only hearing really positive messaging about him and so he's kind of been drawing from everybody. It seems like let's talk about that debate kind of firing squad around Mike Bloomberg last night and the fact that matter is he has not manage his city very very well when he was there. He didn't get a whole lot done. He has stop and Frisk throwing there. Were a lot of little shots being taken and then there was a really really long big shot taken by Elizabeth Warren that the moderators seemed to just let role for like three or four minutes. The mayor has to stand on his record. And what we need to know is exactly what's lurking out there. He has gotten some number of women. Dozens who knows to sign nondisclosure agreements. Both for sexual harassment and gender discrimination in the workplace. So Mr Mayor. Are you willing to release all of those women from those nondisclosure agreements? So we can hear their side of the story. Bloomberg could extensively belief people from the nondisclosure agreements. He has refused and he really doesn't have a good answer on that. None of them accused me of doing anything other than maybe they didn't like the joke. I told and let me just let me. Be Agreements between two parties. That wanted to keep it quiet. And that's up to them. They signed those agreements. And we'll so wait when you say I just WanNa be clear. Some is how many I mean. I think that heading into last night. Like if you would've asked me who I thought would probably go after Mike Bloomberg mounts there was going to be Elizabeth Warren. Here's a guy who really is emblematic. Everything that she kind of horse in American capitalism in society it is a question of values. Do we want to invest in Mr Bloomberg or do we test Senator Sanders? He may have been caught a little off guard by the NDA question especially by the confrontation to release these women from their NDA's but he had been expecting stop. And Frisk to come up and that came up from the moderators themselves. How do you do there? It seemed like it was a similar situation where he knew it was coming but still he really hasn't developed a good answer on that and I've sat down with a bunch of African American clergy and business people to talk about this to try to learn. I've talked to a number of kids who'd been stopped and I'm trying to trying to understand how we change our policies so we can keep the city safe because the crime rate did go from six hundred and fifty fifty percent down to three hundred so Bloomberg. Kind of half apologizes and I think he gets called out for that by Elizabeth Warren. Anyway then the apology has to start with the intent of the plan as it was put together and the willful ignorance day by day by day. Admitting what was happening even as people protested in your own street shutting out the sounds of people telling you how your own policy was breaking their lives. You need a different thank you can. It seemed like every time someone brought up something for Michael Bloomberg's passed last night. He didn't really have much to say that was satisfying and it seemed like being on that stage. Probably didn't help him a ton but also you know who knows yeah. He was bad last night. Because drop one hundred million dollars more on ads today and could try to erase it and that was appointed Elizabeth. Warren made in an interview last night after the debate. So we kind of have to see as the polls start to come out what happened and of course. We really won't know how he's doing until he's actually on the ballot in Super.

Michael Bloomberg Bloomberg Donald Trump Joe Biden Elizabeth Warren Senator Sanders president White House New York Mike George W Bush Emily Stewart Horseface Lesbians Vox Mr Mayor Torry Billy Crystal Woodrow Wilson Obama America
"bloomberg" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:28 min | 1 year ago

"bloomberg" Discussed on Bloomberg Radio New York

"This is Bloomberg you happy get a total of about learning right now and I think in this job today yeah for you okay so on this job that we do want to talk a bit about learning the skills that are necessary to make it in today's workforce don Baker knows about that he CEO of the global software company desire to learn and we bring him in on the phone from Kitchener Ontario Canada John nice to have you here on Bloomberg radio welcome join Carol to be joining about what you're doing because I do feel like this mirrors that against that we had before earlier on our broadcast about kind of getting workers who don't have the necessary skills that are needed in today's work first tell us about your company and specifically what you're doing well I'd be to our desire to learn is providing a learning platform that supporting educational institutions all companies all over the world to change how we do learning today in the past a lot of this is not happening in a traditional classroom but now we've shifted using digital technology to learning online and what we're seeing is a big shift in our economy as automation our artificial intelligence comes into play in terms of dissolution of the current job that we have I'm an optimist I think a lot of new jobs to get creative but there's a requirement for us to re skill or up skill our resources to support that new future and what we're trying to do as a company is is connect the dots between our educational institutions and our companies are to better equip the work force for that future yeah and so how do you do that especially from a collaboration perspective because when we talk about sort of training workers obviously there's a private sector side to this which are working on but is there a public sector piece of it as well yes so before you go off into the workforce we want to make sure that the the graduates from universities or colleges are well prepared to enter the workforce you look a lot of the statistics many companies will talk about how the graduates of their hiring are not quite ready for the jobs of the cutting into and so one of the big elements that we're trying to help reshape its it do what we call working a good learning or work based learning where before you even leave the university or college are you getting an opportunity to have an internship or call our experience work some type of work experience the help better prepare you for life after university or school and that's what it's colleges or universities or schools are that the integration of work into that learning experience it's going to be a critical part of making sure that we're ready for that future and it also creates this virtuous cycle it allows us to take one happening in education in their latest thinking and bring it into our lawyers and vice versa what's happening in the different industries is going back into the education system to help inform how to make the curriculum the content of the courses that are being offered in the educational institutions much better much more adapted to two days required yeah it's interesting I do feel like this and I've had a lot of conversations about folks thinking about the future when it comes to education and that maybe four years education don't make sense anymore to some extent or maybe we're gonna have to think about workers who have who continue there's continuing education throughout their life to make sure that whether it's keeping up with technology in different standards that we're gonna need that going forward is that we were headed well you're absolutely right you know if you talk to any even technology companies what what exactly that Google or otherwise they'll talk about how they have to have their engineers rather's re educated I have a number of years and so there's no longer a situation where we just simply graduate permit our schools and universities and go into the workforce then you're done learning the lifelong learning that needs to happen or that unit learning within that work work experience if you will I've got to increase to be able to keep our skills current with the demands of today and so there's this requirement for this ongoing development ongoing learning about workforce that never existed you know twenty thirty years ago and so the gig economy people happen around either from job to job or is it a coupling together or something how does that play into this exactly the same so you know when you start with today ten years now you're probably gonna be do something completely the right twenty years ago you might get a completely different career all together again and so we've got to constantly be able to up skill and re skill that work for so that they're ready for the evening change and we can do is keep sending people back to college or university to for your program to get you ready for that change in our life well we talked to educate you sick that would integrate together yeah absolutely done and we talk about education having to be disrupted I think we're starting to see signs of it but there's that's really a big boat a lot to it is wrong turn yeah exactly because started John Baker chief executive officer desire to learn on the phone from Kitchener Ontario Canada thank you so much for time really appreciated on this Friday all right looking ahead we're going to check in on one of the big stories of the day that's that Dennis Mullen Burke at Boeing a lack of severance package also going around at the show catch up with Hannah Ellie it she's going to tell you about turbo charging hot riding your Tesla that's coming up but first let's get to Bob.

Bloomberg
"bloomberg" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:02 min | 1 year ago

"bloomberg" Discussed on Bloomberg Radio New York

"Hours a day at Bloomberg dot com the Bloomberg business the Bloomberg business slash in Moscow U. S. stock index futures reversing losses recovering from a plunge after Iranian missile struck to American military bases in Iraq we check the markets every fifteen minutes throughout the trading day on Bloomberg S. and P. futures up about six points and Dow futures down the twenty and nasdaq futures of eleven the dachshund Germany's down two tenths percent ten year treasury up for thirty seconds yields one point eight zero percent the yield on the two year one point five two percent nynex recoils up half percent or thirty cents at sixty three dollars a barrel and go make school this up six tenths percent or nine dollars fifty cents at fifteen eighty three seventy announce the euro one point one one two nine against the dollar British pound one point three one two zero any and what eight point six two we're watching shares of Illinois are up three percent in early trading it reported quarterly orders that beat expectations as the home builder boosted production of affordable properties which are in short supply in the U. S. also watching for earnings this morning from a Walgreens among others and today we're looking for a report on private key roles at eight fifteen Wall Street time a like three its consumer credit that's a Bloomberg business slash hours Michael bar with more on what's going on around the world Michael president trump tweeted all is well after Iranian missile strikes to Iraqi military bases where US troops are deployed so far there are no reports of any US or Iraqi casualties from either location Iraq says it got verbal notice from Iran prior to its attack according to our ranks prime minister's office around said they will only target US positions before the Iranians strike president trump conceded he will not go after a run to people or cultural sites I like to obey the law but think of it they kill our people they blow up our people that we have to be very gentle with their cultural institutions but I'm okay with that president trump announced he will address the nation later today anti government protesters in Iraq have set fires and close streets in Baghdad during a demonstration against the Iranian missile strike protesters carrying Iraqi flags shouted a run out out before they were dispersed by security forces and Iranian emergency official says the crash has killed all those on board a Ukrainian commercial airliner that took off from Tehran Bloomberg's John Tucker has more in this live report and Michael the Ukraine international airlines plane that crashed minutes after taking off from teh around was a Boeing seven thirty seven eight hundred the one hundred seventy six people killed include sixty three Canadians ten Swedish citizens Arabians and you're creating and citizens Iranian officials suspect mechanical issues brought the plane down one Iranian official is quoted as saying of fire was seen in one of the engines the Boeing seven thirty seven eight hundred is a very common single Arnold twin engine jetliner use for short to medium range flights introduced.

Bloomberg
"bloomberg" Discussed on The Point with Chris Cillizza

The Point with Chris Cillizza

01:35 min | 1 year ago

"bloomberg" Discussed on The Point with Chris Cillizza

"Twenty nineteen. Thank you for listening for more updates throughout the week including Sunday night campaign edition subscribe to the Point Newsletter Auto at CNN dot com slash. Point if you like this audio briefing you can get on Google home for Amazon Echo or subscribe on Stitcher or Apple podcasts or your favorite Robert podcast APP. So you never miss an episode shop the Omaha steaks black Friday sale and save on delicious and memorable stay gifts. They'll enjoy and share throughout the holiday season right now. podcast listeners can get the favourite gift package for just sixty nine ninety nine. Just go to Omaha steaks DOT COM and type the point in the search bar. You're happy friends and family will open their door to a cooler full of deliciously tender stakes plus premium meet sides in desert. They'll love it when it arrives and think of you. Every time they cook and share their meals Omaha steaks is a fifth generation. American family owned company. That's been handcrafting. Incredible state gifts for one hundred two years every gift package comes with one hundred percent money back guarantee when you order right now during the black Friday sale. Yes right. Now you'll get a six piece. Cutlery set and cutting board added to your gift absolutely free. This exclusive. Free Gift is only available for a limited time. So don't delay take advantage of the Omaha steaks black Friday sale and order the favourite gift package for sixty nine ninety nine just type the point in the search bar at Omaha steaks dot com today..

"bloomberg" Discussed on The Point with Chris Cillizza

The Point with Chris Cillizza

02:34 min | 1 year ago

"bloomberg" Discussed on The Point with Chris Cillizza

"Welcome to the point for November twenty fifth. I'm more in design. Ski Co author of the Point. I'm here to cut through the political spin to bring you the news. You need to know another learn. New York mayor is entering the twenty twenty race this time. It's former New York City Mayor Michael Bloomberg Bloomberg made it official on Sunday releasing okay video introducing himself to Democratic voters and highlighting his own biography as the advertisement which the video then becomes says he could have you. Just bend the Middle Class Kid but Mike Bloomberg became the guy who did good advertisement also notes his post mayoral work on combating climate change and his reason to run in twenty twenty two defeat. Donald Trump Michael Bloomberg's entrance into this race is similar to fellow new entrant divall Patrick Metric Bloomberg like Patrick had previously considered running and decided against Bloomberg like Patrick became so concerned about Joe. Biden's lackluster stor showing on the campaign trail that he became convinced he too should run but now that Bloomberg is in the race. His campaign will be much Different from Patrick's or anyone else's for that matter. His multibillion dollar net worth gives Bloomberg the ability to skip traditional fundraising situations turns and unlocks unique opportunities to both staff up quickly and advertise significantly speaking of advertising. Bloomberg is kick-starting kickstarting his campaign by dropping. Nearly forty million dollars on television advertising just over the next two weeks. That is a record amount of money that will buy him. Sixty second ad space across some one hundred television markets around the country. It's massive and that type of ADB by is something you simply do not see from other campaigns because they don't have the money to do so Bloomberg is also doing something else completely different from the rest of the field field. He is entirely skipping the early voting states. That's Iowa New Hampshire and Nevada and South Carolina. Instead he's gearing his entire campaign pain launch on the Fifteenth State. That vote on Super Tuesday. No one has ever pulled off such electoral strategy before which brings us us to the point. It's official Michael. Bloomberg is pursuing an unorthodox and completely untested path to the Democratic nomination and that is the point for November Twenty Fifth.

Patrick Metric Bloomberg Michael Bloomberg Bloomberg Mike Bloomberg New York Ski Co Donald Trump Biden Joe New Hampshire South Carolina Iowa Nevada
"bloomberg" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:32 min | 1 year ago

"bloomberg" Discussed on Bloomberg Radio New York

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bloomberg
"bloomberg" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:46 min | 2 years ago

"bloomberg" Discussed on Bloomberg Radio New York

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"bloomberg" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:50 min | 2 years ago

"bloomberg" Discussed on Bloomberg Radio New York

"This is Bloomberg Bloomberg John Tucker and Peggy On, Bloomberg radio And good daddy Warren Buffett's Berkshire Hathaway says this cash pile has now swelled to an eye popping one hundred. Eleven billion dollars so, the, question arises Peggy what do you do with all that to tell us what you might do with? All that money we have Catherine linski Bloomberg news reporter in. New York cat what could buffet possibly do one hundred and eleven billion. Dollars in cash I think that's the biggest question. On his, mind I mean we've heard over. The past year he's really lamented that like he's idea of buying up companies. Hasn't worked recently prices are. Just too high he can't really, find good attractive large acquisitions at. A reasonable price and so it's. Kind of interesting he actually just, a month ago the berkshires board moved a cap. On stock buybacks so it gives them a little more leeway to possibly pursue that as some way to chip away at. The cash pile so it'll be interesting to see is that sort of. A Patsy takes he's actually resisted this This whole idea. Of a buyback for years even at the annual meetings that you and I both covered he's been asked the question year after year after year why now. Does he seem to be breaking on that issue I think this is the most interesting point right he doesn't. Like capital return to, shareholders, because he argues that he can invest that money better by buying different businesses by putting those money? And stocks but he's actually he's done share buybacks before he. Did a kind of a small one in two thousand twelve and he's. Always had it open as a potential option but. The board, had kept it as they couldn't, pay more than a twenty percent premium over book value so there was sort. Of a little hesitancy on. How much they were willing to, actually pay for sock buybacks but. Now they removed that completely and. I think it sort of is, interesting because yeah he historically has not really light. Share buybacks as an option just because he thinks he can do it better but by removing the cabinet sort of implies. That they might be willing to kind of swoop in in the market. And snap up some Mother stock step back just a bit, but with buybacks yeah you know maybe shareholders like it. But it's also kind of an admission by a company in a way an implicit admission that we don't. Know what to do with it we're not going to invest in our own company and whatever so might as. Well give it back to the. Shareholders and it's to me it sounds like an, admission, of defeat for buffet I think it's it's an interesting admission because he he normally loves to to invest that. Money I mean he loves to buy companies he loves to buy stock and he's as Warren Buffett run out of ideas that might be It's a legitimate, question, now because, the or at least, big ideas ideas and I think that's partially the problem to Berkshire has, grown so huge I mean his companies his railroad his energy businesses. His insurers they're all throwing off so much cash so quickly. And I think it's it's it's been rising I mean. He reached last year the over the one hundred billion dollar Mark and. I think I think it's hard to figure out, how can you do enough deals and enough. Stock purchases, in order to sort of. Actually chip away any of that cash maybe maybe we, should set him up with the mosque The two. Different ancient in their different industries what what else came out of their second quarter earnings at that? Was of interest to you what was a really strong quarter ensures were, up a lot the railroad was up the booming US economy really helped. That I, think is, insurers are, really interesting last, year was, a pretty rough year for that hurricanes hurt those. The auto insurance have been, facing a lot. More risks, in crashes because more people were out on the road driving Geico, has been raising the rates and that helped a lot so they turned an underwriting profit after facing an underwriting lost the year before can we make the assumption from all this. That he's not going to be buying anything anytime soon Not exactly I. Think buffet still loves to sit on the sidelines and I everything that comes by I mean we actually just had a couple months ago he he had looked at taking investing. In Uber I mean I think he's still you know he's out there fishing. For ideas it's just what comes along at what price how how much how has he looked internationally Not much so we know that he's like a German company a little bit ago. And it's not to say that he wouldn't look internationally, but a lot of his company's focus has. Been? Domestic for. So long I think that's sort of place to his, idea of focus on what you. Know he's, for a long time always emphasized that he. Doesn't wanna get into markets where he doesn't really. Understand exactly, the risks and the, benefits in, that area house the Stockman doing. Berkshire stock has been doing quite well which? Is actually sort of the tension here right He reported such strong second-quarter results that the stock. Price popped on Monday and. It's hard to tell is that too expensive for Buffett and Munger they didn't really hint at what price they'd be willing to repurchase. Their own shares so we'll have to see I mean, you know is Berkshire stock cheap enough for them When you repurchase shares what you normally happens to Asaf brace is there is there a predictability to that does it usually go up or down. It would, normally go up a little bit so as he kind of cuts. Back on the shares outstanding. It helps raise the. Prices. A little. Bit which is. Also a tricky thing for them to rape shareholders pointed out that, it might be hard for. Them to buy. Too much stock without really affecting the price and again making it too expensive to buy back more by back or not we'll see where this goes thank you so much cat thanks guys that's catching linski Bloomberg news reporter in. New York and.

Bloomberg Warren Buffett Bloomberg Bloomberg John Tucke Berkshire stock Peggy On New York reporter Catherine linski Bloomberg Berkshire Hathaway Geico US Berkshire rape Buffett Stockman Asaf Munger one hundred billion dollar Eleven billion dollars twenty percent
"bloomberg" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:43 min | 4 years ago

"bloomberg" Discussed on Bloomberg Radio New York

"Bloomberg radio plus that and bloomberg dot com put knowledge to working blow your business with see eye to the our commercial lending policing and treasury management services helps thousands of small in middle market businesses grow no matter the industry see eye to you has the expertise to help you sixty our experienced includes healthcare transportation technology equipment commercial really state and retail for more information on how your business can grow would see eye to visit see i t dot com to see eye to put knowledge to work in nba shouldn't just help you klein the next running the corporate ladder it should preparing for career in life accent it's been a university we know that nba is agree foundation for lifelong fcs that especially when delivered an eleven month in a state of beyond studio and includes re week long trips for con through learning i put he's just off that we university provost like paid we've developed became the capitalize on the strength of business it you play that is in rich inside game from the offseason students that ian for ped in week three that culminated in taints in motion experiences at and the that's why been in the nba graduates i being careers building you oxford based on crunching numbers it this to print and analyzing big data acknowledge and no matter where your life in career take you business is the foundation metal make sure you're prepared because business is every ran prepared we got he slashed here rapidly advancing trend such as cognitive competing skeletal networks in dynamic online personalization are redefining competition across industries signifying risk.

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"bloomberg" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:47 min | 5 years ago

"bloomberg" Discussed on Bloomberg Radio New York

"Global news twenty four hours a day powered by more than twenty six hundred journalists and analysts in more than one hundred twenty countries and he's ana palmer this is bloomberg this is bloomberg best bloomberg best is off to the side in the context we get from our guests notched value added how about the presses news that puts out thousands of news stories today but some really stick with you it's a great way to catch up on some of the stories you my best on the bloomberg stories you're not going to find him any other news organization bloomberg best bloomberg said best stories powered by twenty six hundred journalists in analysts in more than a hundred and twenty countries around the world i'm at baxter and i'm jimmy graham so on this edition of bloomberg best wilbur ross said trump campaign economic adviser reacts to donald trump's economic policy speech it's very interesting that he's produced the dramatic growth plan turning the self finance ok so unique thing in america has and center elizabeth warren on longtime bernie sanders supporter also reacts to donald trump speech i think that banks have not been held accountable enough donald trump's answer is what told i'm watching counted vs tor one one cheat anybody even one rebecca menke off discusses the new wave of influencers who are rapidly changing the foundation world so i think that is this influence read too in doing is far greater we ever imagined maybe you're going to start his exit all this and more coming up in the next now berg best whatever device using the listen to this programme we can tell you that the technology dates back at least fifty eight years.

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"bloomberg" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:20 min | 5 years ago

"bloomberg" Discussed on Bloomberg Radio New York

"Two two we'll we'll hear hear about about one one of of the the most most influential influential people people on on wall wall street street and and then then baxter baxter quite quite a a few few us us dollars dollars are are going going to to investments investments in in emerging emerging markets markets upon upon africa africa back back so so much much information information into into one one he'll he'll wonder wonder how how tally tally jones jones i've i've talked talked about about the the chinese chinese economy economy with with more more than than twenty six twenty six hundred hundred journalists journalists an an analyst analyst in in more more than than a a hundred hundred and and twenty twenty countries countries match match up up and and we're we're best best weeknights weeknights in in friday's friday's two two one one bloomberg bloomberg radio radio the the bloomberg bloomberg radio radio plus plus sat sat and and bloomberg bloomberg dot dot com com cyber cyber security security is is on on every every business business leaders leaders agenda agenda companies companies of of all all sizes sizes are are falling falling victim victim to to a a lawful lawful hack hack or or an an employee employee activity activity leading leading to to date date at at that that in a blowout and the number ten signal that credit growth as excessive and a financial bust maybe looming yvon man but the radio hong kong.

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"bloomberg" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:05 min | 5 years ago

"bloomberg" Discussed on Bloomberg Radio New York

"Get this at the end of the year that second third goal that you see in between the two are left and right that's right after defend high traits and were basically back to that ahead of the jackson hall meeting the speech on the weekend guys alright david banks later on in the show us really minor south thirty two posts earnings that beat asked him if we're going to get that led to rack from the ceo was as investors away gennett yellin through marks and jackson home to talk about the petition but at least market this is bloomberg impossible nineteen pm on the society foundation's replied catch on coming to town nine when you should and lance you know the shave you and celebrate the most pioneering can't to be shift to top help someday into today chilling ashe and at a fly just to come back disguise in beating here always wanted to be welcome back there watching bloomberg on use that committed being in dubai and i maine to allow in hong kong with two quick check forty of elias business twice headlines that shares an atp countering after wears on okay pointedly grow forecast that allen short of estimates tumbled in after our is the pc imprint or make a revealed that the projection was he'd struggles with wanting to man.

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"bloomberg" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:25 min | 5 years ago

"bloomberg" Discussed on Bloomberg Radio New York

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"bloomberg" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:39 min | 5 years ago

"bloomberg" Discussed on Bloomberg Radio New York

"I'm jackie quinn ap radio this is bloomberg best bloomberg best is off to the side in the context we get from our guests notched value added about the presses news that puts out thousands of news stories today but some really stick with you it's a great way to catch up on some of the stories you my best on the bloomberg stories you're not going to find in any other news organization bloomberg best bloomberg splash stories powered by twenty six hundred journalists an analyst in more than a hundred and twenty countries around the world i'm jugar also an avid baxter today on bloomberg best as donald trump shakes up his campaigns that josh green profile the man who was supposed to lead the campaign to victory he is the sort of figure to be prop tends to retweet them in trouble to get back to that hiring represented the tentative or a from the ideas the top might try and tone it down and run out more establishment friendly campaign in loom bergstrom mccormick discusses the latest bloomberg politics will go basically what we found with that has been a dramatic shift and not perceptions and turned to which presidential candidate with the bat bern boucher intend to their own portfolio and after disappointing earnings ivan shoe from cat they pacific discusses the company struggles we run that need to be heading out is that simple missed already but this situation is that we are seeing the sunday mindful fun and trouble which he suffered from visits castrol will be a thing i custom trading dom foam on the whole flight to shortfalls like all this and more coming up in the next hour of bloomberg best and now from the been good news room in san francisco i'm we need to my hotel hora that's the now a top of the stories on the market.

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"bloomberg" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:45 min | 5 years ago

"bloomberg" Discussed on Bloomberg Radio New York

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"bloomberg" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:33 min | 5 years ago

"bloomberg" Discussed on Bloomberg Radio New York

"Beal should be completed by the end of the year for the soccer team about as a bloomberg business of sports reports i'm michael bar said the ability to enter a place of communicate with a pushing like by mental experts worldwide do they need to do a deal fools to trade access says a new definition bloomberg you should put her in the timeout journalism on bloomberg radio bloomberg walker's listeners a handpicked collection of authoritative influential and provocative voices on topics ranging from finance business in economics to politics international affairs culture and sports hinted complex noisy would provide clarity and precision with commentary that reaches you wherever and whenever you on the week on the bloomberg terminal on the web at bloomberg view dot com and all of your mobile devices don't let the news confusing any longer listened to bloomberg view cyber security is on every business leaders agenda companies all sizes of falling victim to a lawful hack or an employee activity leading to date at that rentz more texts and then so fraud and then public disclosure you need in initial assessment of your cyber scroll file or a comprehensive action plan the professionals and eyes can help recess minnis confidential customize and scalpel for any size company it's time to create a road map to a safer cyber environment then it's time to call highs for more information visit iced their after dot com slash cyber risk rapidly advancing trends which is cognitive competing skeletal networks in dynamic online personalization are redefining competition across industries signifying risk.

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"bloomberg" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:37 min | 5 years ago

"bloomberg" Discussed on Bloomberg Radio New York

"Global news twenty four hours a day powered by more than twenty six hundred journalists and analysts in more than one hundred twenty countries i'm suzanne a palmer this is bloomberg this is bloomberg best best is off to the side in the context get from our guests jobs value added held off the presses news that puts out thousands of news stories today but some really stick with you it's a great way to catch up on some of the stories you might've been some of the bloomberg stories you're not going to find in any other news organization bloomberg best bloomberg said best stories powered by twenty six hundred journalists in analysts in more than a hundred and twenty countries around the world i'm jim pronto i'm at baxter on this edition of bloomberg best edward robinson discusses whether wall street has been tamed for all those kind wish things were not as strict as they are now there are many watching what potential in the street needed to become more like a utility play world chief executive david coat discusses the importance of free trade every century we kyle on the same lawson so somehow we need to shift the psyche of the american people to recognize that trade is a good phenomenon force overall and these are good deals that are teed up and despite the importance of three trade only cd keep economists katherine man explains that every since them it has losers an winner it's very clear that there are areas from trade as well and we have to acknowledge that and whip much more reasonable policies and implemented policies in order to turn the equation.

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