40 Burst results for "Bloomberg"
Fresh update on "bloomberg" discussed on Bloomberg Daybreak Europe
"Bloomberg opinion informed perspectives and expert data driven commentary on breaking news It is 9 20 in the city time to check in with Bloomberg opinion we are joined by pinning economist Sam for who's been writing about monkeypox with cases detected in the UK the U.S. Canada and Spain and the questions Sam of course on many people's minds will be how worried should we be about zoonotic diseases like monkey box Yes good morning So there's two questions in there actually Your question about monkeypox and then zoonotic diseases There was an incredibly good article written in nature magazine a few weeks ago about the risks and I think Bloomberg did a pretty good job of summarizing it The risks of a climate change to these kinds of infections because what happens as climate change takes place Animals are movement patterns change and there's more an increasing contact between animals because they lose their natural habitats and humans So the risks are zoonotic animal to human transmission of whatever disease increases So you've got that on the one side and then you've got this monkeypox story in that it really started kicked off in the 70s early 70s in Africa And then it's become endemic in some regions of Africa And in the past decade or two you've seen isolated cases in other regions but mostly related to either animals being brought over or people who visited But now it is clear that we have transmission from human to human outside of Africa Yeah and they've been at least according to the newspaper reports in the UK at least sort of 9 cases in Britain The UK health security agency is investigating this so sort of what do we know about the monkeypox cases and how serious it is The newspapers are quite full of the images of this disease So there's been apparently two more detected in the UK taking the total to 9 There's two cases in Australia now that appear to have come from people who were infected in the UK There's already a cases in the United States and some of the other countries you mentioned So this particular cat is out of the box What is good to know about it is that it's the less severe form if you want to call it that of monkeypox And there are two versions of the virus And when I say less severe I see estimates of anything between one to 3% mortality But that's enormous compared to what we've just been dealing with with COVID Obviously so even at that level if you get a hundred people 200 people 300 people infected clearly the death rates is unacceptable What's the good news is that the transmission is tougher It's not anywhere near as easy to transmit this virus as it was for SARS CoV-2 Sam what about the treatments cures for monkeypox indeed vaccinations Yes so there is another area where we're lucky It seems that the best explanation for the reason that we're seeing this increasing incidence of the disease prevalence of the disease is because more and more people or less and less of your and fewer people are actually immune to any of these orthopoxviruses which of course the one that we've managed eradicate or smallpox So people of my age have all been vaccinated but of course we've all know about waning immunity of any formal shape but still we're very likely well protected against severe disease But of.
Fresh update on "bloomberg" discussed on Bloomberg Daybreak Europe
"Here's Manus cranny Let's bring in middle Kate chief emoji market strategist for Asia and Europe at TD securities Missile great to have you with us China warns the U.S. of a dangerous situation forming over Taiwan Verbatim if the U.S. insists on playing the Taiwan card and goes further and further dying the wrong road it will certainly lead to a dangerous situation Are we really missing this chess piece here Are we misjudging the scale of geopolitical angst in regards to China Why would I want assets in China if this thing could unfurl over Taiwan Well I think it may be a fact geopolitics is clearly rearing its head all over and you're of course with Russia Ukraine That's we're seeing different stances from various countries not just China but India as well taking somewhat of a different stance and a number of other countries So I think it's still to know We look at certainly geopolitics is going to play a part in investment trends And I think that will continue But I'm not necessarily sure I think there was some concern earlier on but I think that's kind of tied down at the moment So I don't think that's a key concern for investors as yet Here more conversations like this one on Bloomberg television streaming live on Bloomberg dot com and on the Bloomberg mobile app Or check your local cable listings Markets headlines and breaking news 24 hours a day The Bloomberg business app Good for quick take This is a Bloomberg business flash From blue baked up in headquarters here in London I'm Caroline Hepburn with this Bloomberg radio business flashy European stocks this morning are higher 1.1% for the stock 600 This is the 5100 gaining 1.4% this morning European shares are actually almost erasing the weekly loss that we've seen U.S. stock futures also up 1.3% for NASDAQ futures S&P 500 evening features up 9 tenths of 1% Although of course the S&P 500 is down now 19% versus the January 3rd high that we saw Also this of interest U.S. growth is now seen as outpacing China so the first time since 1976 this is Bloomberg economics are revising its growth forecast for China down to 2% and the U.S. still closer to 3% for this year So that's quite fascinating on the relative performance It turns upon markets two 85 for U.S. ten year treasury yields up by a basis point So we've got haven trades really being on wound Also.
Fresh update on "bloomberg" discussed on Bloomberg Daybreak Europe
"Everybody else's actions have consequences Except his own We've got more inflation to fight this time Ukrainians have shown the courage of a lion that you volodymyr have given the raw Bloomberg daybreak Europe on Bloomberg radio And if I good morning from London I'm Caroline heparin And I'm Tom Mackenzie you're listening to debate Europe live on London DAB digital radio Okay so we are going to talk about the markets this morning Also about the G 7 finance ministers we heard from the German finance minister Linda who was speaking to our own Maria todayo So that's pretty interesting Also Tom have you spotted the photographs and the discussions around monkeypox in the UK I've tried to avoid the pictures but it is obviously concerning there have been a couple of cases here in the UK which are more details on that So we'll be speaking to Sam for Zelle who's our expert at Bloomberg intelligence few people better places to talk about the evolution of this virus and what it means for us all potentially Yeah absolutely We're on the watch really for another disease you know that could be worrying I mean not on the scale of COVID of course but still quite fascinating topic As also we're going to talk about Joe Biden The first presidential visit to Asia going to South Korea and to Japan This is also pretty pivotal when you think about the China relations China is going to be watching that one very closely indeed And in terms of UK consumer sentiment dropping to a record well unpack that story as well quite remarkable just the lowest levels we've seen since 1974 That's how bad the UK consumer is feeling Nonetheless the flip side of that is that we saw retail sales coming in above the estimates Yeah bringing in that UK story Well let's start there shall we In terms of the markets then because the FTSE 100 is actually seeing gains of 1.6% this morning So even more than the broader European stock markets up by 1.2% the pound obviously the key read across for all of this data It's actually flat on cable one 24 67 this morning You also see a stronger Bloomberg dollar spot index up a tenth of 1% haven trades in terms of the bond markets have been unwound a little bit this morning As you've seen those stocks lift also stocks were up in Asia the CSI 300 up by 1.9% this morning The PBOC intervention cutting the loan prime rate giving a boost to stocks and also bringing down borrowing costs particularly for mortgages Stock futures for the U.S. market opened then Remember S&P 500 is 19% below It's a record high that we saw in January So we're actually up by 9 tenths of 1% for S&P 500 evenly features So a little jump And as for U.S. yields we traded two 85 this morning up a basis point Okay let's get to the London rush then this is the part of the show where we focus on UK businesses making announcements here in the UK capital company results trading updates mergers and acquisitions Joining us is Bloomberg's breaking news editor chance cable charts happy Friday We're talking and we'll start with next 15 which is agreeing to buy M and C saatchi which I just associate with Conservative Party advertising campaigns but maybe there's much more to it than that Yeah well MSC such is the advertising house of course Next 15 has agreed terms with the independent directors there and it values the company at about 310 million pounds on a fully diluted basis Now this has been a little bit of a little bit of a saga because M and C saatchi has had some takeover interest from advanced ATV T now that is a company run by its deputy chairwoman and they have been they've made a number of approaches to M and C sar cheese but the board has always rejected them Now earlier this week advance a DVT came out and said that they have made another offer and that they were looking for the support of the shareholders now next 15 making this or agreeing this deal at valuing the company about 247.2 pence per share That kind of puts a bit of a spanner in the works and advances ATV T is now saying it's considering its options and a further announcement will be made in due course NFC So next fifteen's shares are down slightly but M and C's charts Archie shares are up about 37% based on a really significant premium there Okay Also talks around another deal playtech which is the software maker ttb Yeah exactly So playtech is a software maker they make a software for gaming companies and this has also been a bit of a saga And it's been going on for a few months And what's happening is that TCB partners are continuing to have talks with playtex on this deal They're saying that they're making progress and ttb was bound by a restricted period until May 20th and so now this restricted period has ended and they have until June the 17th in order to make an offer or say that they won't make an offer And that has put playtex shares up slightly this morning But an interesting dough to keep it on Okay and then we have TH G which is up after rejecting a bid about 2.1 billion pound bid and during interest from the real estate mogul or tycoon Nick candy Exactly These two pieces of news came within minutes of each other last night Or the hot group has had a bit of a torrid time in its UK market listing It's faced a couple of questions about its governance The founder Matthew molding said in November that he regretted floating the company and they also said last month that they had received some takeover interest Now they said last night that they rebuffed a proposal of a 170 pence per share and that was from the UK ecommerce investor balerion and also a U.S. hedge fund king street capital They said that significantly undervalued the company meanwhile Nick candy who you might remember from being involved in the Chelsea football club bid He was one of the names coming around He said he's also considering a bid for the company So a lot of interest there investors really reacting to this THC shares are up as much as 31% but it's worth keeping in mind that they're still down about 35% year to date Yeah absolutely You'll be back with us then Charles next week because of course Scott marks and Spencer's results out amongst other car companies so be interesting to see how they're faring amidst the difficulties of UK consumers Charles caper there with the London rush for more on these stories have a read of the London Russia Bloomberg dot com.
Fresh "Bloomberg" from Bloomberg Daybreak Europe
"The momentum into the weekend Okay you know what Ali from our M live team thank you very much for coming into it so you can get more of course on the markets live blog Stay with us on Bloomberg daybreak Europe will be hearing from Bloomberg's Maria today who's been speaking to Germany's finance minister Christian linder he sang the G 7 at green Dre's more than €18 billion for Ukraine more on that in a moment this is Bloomberg But I know there's a lot of confusion and rumors out there about marijuana Let's clear that up with some science Fact our brains are still developing until age 25 And using marijuana before then can actually cause changes in our memory That's because THC the active chemical in weed attaches to receptors in the hippocampus The part of your brain that creates memories And memory problems can affect every part of your life So whether you vape smoke.
Fresh update on "bloomberg" discussed on Bloomberg Daybreak Europe
"A little bit worried now I know when you look at that list it doesn't make you wonder That could be one explanation or that everybody's feeling that way But I spoke to Nina a little bit earlier on and Bloomberg TV who had a really interesting take on this She's from the center for economic and business research And she was saying that spending in that pattern of spending at supermarkets that suggests planning to stay at home and we've been through a lot of different cycles on this haven't we Because during lockdowns everyone stayed at home we bought everything at supermarkets and then we'd saved up loads of money This is the aggregate story at least and then went out to spend it but now if things start to get tighter financially maybe people plan to stay at home which is an interesting one I was just talking about the 1970s which that gf K survey number certainly makes us think about I saw an interesting story across the Bloomberg just this morning now which says that U.S. growth is seen outpacing China's for the first time since 1976 I suppose that just goes to just how weak the Chinese growth story is going to be and how much of a rebounding growth we are still seeing in the U.S. Yes we talk about stagflationary threats but because inflation is so high but actually growth still rebounding in the U.S. Yeah absolutely And I'll give you another year back in 2011 late 2011 We were in a very similar dynamic where we were talking about concerns about slowed growth and recession and that kind of fear I mean the fed even came out with this prediction There was a 50% chance of a recession We barely escaped it there in the U.S. but let me take a step back here If China's growth is threatened that's the entire world's economy that's commodities because they're a big buyer and commodities That's metals That's pretty much a big segment of what we've seen in the last couple of years supply chain constraints and I'm a lot more concerned about that So I think the risk of contagion out of an economic slowdown in China is far too vast for us to ignore and isolate Today is the options expiration date in the U.S. which is always going to be a trigger for volatility Is there much to watch out for Should we be expecting a busy day later You know it's been a very volatile session on Thursday And this week has just been quite the week to watch I mean yesterday I sat down on the span of an hour then asac 100 toggled between gains and losses between 1% on either side within that hour And I think it's quite interesting to point out that even with options expired you're going to see a bit more of that but I'm helping that ultimately we get some kind of positivity in.
The Government Is Moving Forward With Its 'Disinformation Board'
"News today that our government is moving forward with its so called disinformation board, the name itself, of course, is kind of a public relations disaster, disinformation, board government, disinformation board. Come on, guys. I mean, you couldn't do better than that. You know, I find it alarming. I find it alarming as an independent journalist who, by the way, spent the last 20 years working for some of the biggest news organizations in the world from Bloomberg to CNBC to Fox business, I have won many awards for my in depth and investigative reporting and while I've certainly always been aware of the bias out there in mainstream media outlets, I've still always believed and thought that as an American, I am entitled to my opinion. And I'm entitled to share my opinion with you on every single street corner anywhere in this country. And within The New York Times wants to publish it, that's something different after all The New York Times is a publisher. A publisher, a private company, but Twitter, some of these other big tech platforms. I mean, if they wanted to act like publishers, then hey, go for it. They should be subject to all the exact same rules as me. As a publisher, should they not? But one of the reasons people are so concerned about all this right now about Twitter or Facebook or YouTube or any of these platforms is because these venues have effectively become the de facto street corners all around America, the town squares, if you would, and yet they adhere to no publishing roles. And yet, and yet they actually publishers, right? Deciding what you can see what you can't see. Well, now it's going to get worse. Because not only are they deciding this, you're also going to have the government in there, telling them what they can publish and what they can't. I mean, come
"bloomberg" Discussed on Bloomberg Radio New York
"2700 Bloomberg journalists and analysts are working on at 5 39 on Wall Street The following is an editorial from Bloomberg opinion This editorial was written by the Bloomberg editorial board Climate change is making the world hotter and more volatile Extreme weather has worsened conflicts and created humanitarian emergencies around the globe often in countries that are ill equipped to deal with them By wreaking havoc on infrastructure and equipment climate change also threatens U.S. Military readiness just as new geopolitical risks are emerging The good news is that the goals of fighting climate change and advancing national security are mutually reinforcing Prudent investments in adaptation and green technologies would boost resilience reduce vulnerabilities and help the U.S. maintain its edge in the battlefield all while paring down dangerous greenhouse gas emissions Climate change is already making the military's job hotter Prudent green spending can help bolster America's national security and the planets too This editorial was written by the Bloomberg editorial board for more Bloomberg opinion please go to Bloomberg dot com slash opinion or op IN go on the Bloomberg terminal This has been Bloomberg opinion one 44 with the cost of living going up across the country You deserve.
"bloomberg" Discussed on Bloomberg Radio New York
"Bloomberg quicktake powered by more than 2700 journalists and analysts in more than a 120 countries In the newsroom I'm do these Pellegrini This is Bloomberg This is Bloomberg law A divided Supreme Court rejects a religious challenge Tell us a little about the facts of the case Interviews with prominent attorneys in Bloomberg legal experts My guest is former federal prosecutor Jimmy Carole joining me as Bloomberg law reporter Jordan Rubin And analysis of important legal issues cases and headlines The Supreme Court takes on state secrets multiple lawsuits were filed against the emergency rule Is this lawsuit for real Bloomberg law with June grosso from Bloomberg radio Welcome to the Bloomberg law show I'm June Grasso I had in this hour why the government suffered a stunning defeat in a case of domestic terrorism Oklahoma makes it a felony to perform an abortion and Texas arrests a woman for murder over an abortion A guilty verdict for the only Goldman bang for to go on trial in the one MDB scandal and the Boy Scouts beat the girl scouts in court but it's only round one He's always been an adventurer at heart That's why I can't wait to be a scout Scouting will show me how to use bravery Trustworthiness loyalty and kindness To become a person I'm proud to be Because there's no one way to explore the world in my way is in the scouts It became just about scouts and scouting.
Trish Regan Knows How Bidenflation Will Affect the Average US Consumer
"We've got the report from Bloomberg, a group of economists have said that you can expect Americans should expect to have to increase or find for their budget and extra $5200 this year for inflation purposes alone. That's the reality that you can comment on and then this from Washington state governed governor Jay inslee has just signed a bill that will ban all fossil fuel field vehicles by 2030 in the state. So it's going to be just teslas and priuses in the state of Washington. Your reaction. A bad time and on that one. Look, I mean, we need all the help we can get because we are facing satire oil prices, which means higher prices at the gas pumps, which by the way, means higher prices for everything, right? From food because it's going to get from point a to point B not to mention we've now lost the bread basket that is Ukraine, right? So a lot of things are going to be going up in price. I think that Bloomberg is right when they point to economists saying a $5000 increase, I think that's exactly what you're going to be looking at possibly even more. We'll see, you know, once inflation starts, sometimes these things kind of get rolling, Seb, and you have a supply chain crisis that won't end, combined with money printing, like you've never seen, combined with really, really bad policy choices. I mean, I'm frustrated and I may have said this to you last week because it seems as though our intelligence folks that they knew this was coming, right? They knew that Putin for years. They've known he was at risk of doing something quite like this. So why weren't we doing a better job at making sure that we had locked up our own energy sources right here in the United States of America, knowing that we would be exposed to this vulnerability? And then you got people that clearly clearly don't have all the wires connecting in the head. They're out there in Washington saying, okay, we're going to ban vehicles other than EVs. It's actually mind boggling and it's frustrating because I know how hard this is going to hurt the American consumer. And
Why Won't Biden Fully Sanction Russia?
"We have just learned that of the 20 richest Russian oligarchs out there. Guess what? The U.S. has only sanctioned four oh, apparently the UK, according to a Bloomberg study, has sanctioned ten. So what's going on guys? Why aren't we doing this? And by the way, the EU, where are they? They need to be sanctioning every single person that matters to the Russian economy and to Vladimir Putin. And yet we're holding back. Now, if you wanted to tell me well, we're holding back because we think we've got some negotiating leverage. I'm willing to listen. But it's very clear right now. The negotiations are going nowhere. It is very clear. That Russia has turned itself into a monster willing to murder innocent civilians in the name of getting back some territory it thinks is theirs.
Canada Emulates China as Big Banks Crack Down on Truckers
"Just disgusted by what I'm seeing happening right now in a country that I think we all thought was more aligned with us and it really is. Although these days, I worry about the U.S. and that is Canada. And what we have learned today and this comes to us via a report out of Bloomberg is that the Canadian bankers association apparently confirmed that the royal Canadian mounted police has alerted banks to a list of names and made it available. In fact, christia Freeland, who's now the finance minister, used to be a contributor back at CNBC. When I worked there, she's now the finance minister and she's saying that some accounts have already been frozen. So they are making a very concerted effort here to try and shut down these freedom convoys as they're now known. Truckers who are saying, wait a second, candidate, you've gone too far. You have stolen effectively our right our ability to take care of ourselves and our family with all onerous mandates. And enough is enough. And they have the right to say that. And thus far had very peaceful protests, but because problematic because it's inconvenient because it's going to threaten supply chains according to prime minister Trudeau, they don't want them there. They don't want them protesting. And instead of sitting down with them and maybe some leadership from the freedom convoys and saying, okay, how can we work through this together? Maybe we ought to rethink some of these ridiculous mandates that have made it so difficult for the people of Canada, including the working people of Canada instead of doing that, the answer is to somehow either docks them, as we've seen, even Elon Ilhan Omar was upset about that one, saying, okay, enough is enough. You don't need to dox people because they gave 200 bucks to the freedom convoys. I mean, when Elon Omar is siding with the truckers, I think that Trudeau indeed has quite a problem. But basically, these are emergency orders that they've put into effect. And they would affect every participant in the Canadian financial system. So banks investment firms, credit unions, loan companies, securities, dealers, fundraising platforms that would be like the GoFundMe, et cetera. As well as payment and clearing services and they're basically saying, okay, these people have to have their accounts frozen. You need to report any activity to the Royal Canadian mounted
Even Bloomberg Knows School Mask Mandates No Longer Make Sense
"I want to get to what's happening right now on these masks if you've been following. A backlash, of course, against them, and so now you see a number of leaders there in the northeast, say, okay, well, we're going to relax these mandates. I do want to point out that Bloomberg opinion, Bloomberg opinion came out today with a statement, which I considered pretty remarkable. And the reason I consider it rather remarkable is because it tends to be a rather leftist publication. I think that they're reading the tea leaves, however, right? Political opinion is not with them on this one. And they know the left knows that they're going to lose in 2022 with midterms if they continue all this nonsense on masks. People are concerned about kids learning, right? How are you supposed to learn? How can you communicate? How can you read annunciate speak to all these things? Talk to each other if you can't even read someone's expression or watch your teacher as she or he is formulating words. Think about those little kids learning to read for the first time. You can't even watch someone's face to see how you make these words. Anyway, it is problematic. And so in Bloomberg opinion, they write, quote, masks are causing more harm than good in schools now that amna cronies waning. So it's time for more states to relax and then end mandates. The evidence that face coverings reduce transmissions, rates is mixed, keeping them as a precaution carries costs in terms of a children's or children's social development, their ability to physically have comfort, their physical comfort recognize others and to learn. Alleluia, all right, amen. Did it really take us this long to get there? I mean, come on. So I go back to what I've said all along. This virus has been politicized mass have been politicized vaccines have been politics. And it's one big political part, right? And everybody is looking out for their sort of their own endgame. Nobody's actually looking out for the kids. Nobody's looking out for the people. And that's what's most tragic about all of it. But anyway, it's coming back to bite him in the you know what? Really, the left is going to have to come to terms with this because the American public is absolutely positively not with them.
How COVID Killed New York City with Karol Markowicz
"So with us right now, someone very special, she does a great job for the New York Post, and she has fled New York for Florida. I can't wait to ask her about that. Carol markowitz, Carol, welcome to the Charlie Kirk show. Thank you for having me, Charlie. You are a legend, so tell us Carol. Why did you move down to Florida? Why'd you flee New York? It's so nice. So I'm a lifelong New Yorker. So right off the bat, I'm not somebody who hates New York. I know New York gets a lot of conservative hey, but I kind of always enjoyed being a New Yorker, a complete lifelong conservative. I was born in the Soviet Union, so I never really had a problem being open about my conservative beliefs, the Russian community in Brooklyn. It's not just Russians, but it's sort of shorthand. We call them ourselves a Russian community, is very conservative. And so I always had sort of my community and my world in New York that was normal and seen and it didn't bother me so much that there were so many crazy things going on around New York City because my world was very much like I wanted it to be. And the Giuliani years followed by the Mike Bloomberg years, really made New York a wonderful place to live. And my husband, who's also lifelong New Yorker, we were planning to raise our kids in Brooklyn, the long-term plan was they were going to go to college. We were going to retire to Manhattan. We had it all figured out. And then COVID hits. And suddenly, my little world, while they're still sane and thinking that everything's okay, is suddenly not allowed to live how they want to live. Now business is closed whenever the government says so schools close indefinitely and very few people speak up about it. Masking of children goes on indefinitely, even though as we've learned in the last few days, there's really no reason for it. I mean, obviously you and I and lots of other people knew all along. But as Democrats have discovered in the last few days that maybe masking children was pointless and they finally are facing that fact. So I love New York. I've always loved New York, but it became increasingly a crazy place to be at a crazy place to raise kids. And I couldn't do that to my three children
The Vaccine, Mask Mandates House of Cards Is Falling
"Let me just read you a few headlines, shall we? This is from world net daily. Government data referring to the Scottish government, government data show that free less likely to get COVID. First paragraph, data released by the Scottish government show people who have been vaccinated with two or three doses of the COVID-19 mRNA vaccines are more likely to become infected. Be hospitalized or die than people who are unvaccinated. This is from Reuters, headline. Dana study, Danish study finds face masks provide limited protection to wearer. This from Bloomberg. UK study fails to prove masks work in schools. New York magazine liberal, the science of masking kids at school remains uncertain. CBS, channel 42, this is in Alabama. Health experts warrant to stop wearing cloth masks. And New York Supreme Court judge has struck down, stricken down has stricken down. Yeah, I think it's right. Has stricken down. Democrat government mask mandate. Don't send me any emails telling me that I use bad grammar. And a whole bunch of parents, students in schools in Illinois have found lawsuits against the mask mandate. This is what's going
Mark Levin: Since DIRECTV Is Dropping One America News, Drop DIRECTV
"One American news as they write at PBR wire biz pack review One American news will no longer be available as part of the direct TV lineup once its current contract expires Now I heard this and I don't do a lot of satellite around here but I'm going to look at whatever pills we have If we have direct TV you're going to say Mark you don't know you have I really don't But we're going to get rid of it if we do I can tell you that right now In fact I think we already did I think we already did get rid of it The digital satellite service announced that conservative network OAN will not have its current contract renewed which will likely happen in April according to Bloomberg news Now I don't care about any of the rest of their story I really don't So I want to encourage each and every one of you that has direct TV to get rid of it Get rid of it Drop it You don't need
How Larry Summers Makes Sense of Confusing Economic Signals
"Larry summers, who Democrats hell, he says build back better is good. No, he doesn't cut 14 on with Bloomberg, David's Weston's. I think it would raise the I think the inflation rate would be slightly higher in 2022 and 2023 with the build back better than it would be without the build back better. I think over the longer term, there might be some effects the other way. But I think over the next couple of years the economists say cetera's paribus, other things equal, it would raise no, no, Larry, just you've got to focus and execute with the Democrats. Build back better will make it worse for every American. The Wall Street Journal leads story. How do you feel about inflation? The answer will help determine its longevity because then patient feeds upon itself. Well, if the Democrats pass Bill back better, they do not care about you. They care about their special
Why Are Republicans Putting Up With This Energy Crisis?
"In Sturgis, Michigan, it is $2 89 cents a gallon. I guess that's better than in California. What is the Granholm plan to increase oil production in America? Oh my God. That is hilarious. Wood that I had the magic wand on this, as you know, of course, oil is a global market. It is controlled by a cartel that cartel is called OPEC, and they debated decision yesterday that they were not going to increase beyond what they were already planning. Incredible. The cliche would take would be, that would be to let them eat cake responsive it. And by the way, the commentator wasn't going for it at all. He asked a very serious question from Bloomberg, and she just starts cackling and laughing. Like, oh yeah, like I could control that. They destroyed the Keystone XL pipeline. They remove fracking and fracking licenses and leases. So incredibly arrogant. And I've called for this for quite some time. We have to tell Republican governors to disobey Joe Biden and resume construction on the Keystone XL pipeline immediately. We've said this on the show for a while. I say this when I travel. Let's just put it into a piece. Have I wrote that PC? I don't think I have yet. I can't remember what we're doing anymore. Write the piece. I will write the piece this week. We'll get it done. And it's very simple. It's that wire Republican governor's putting up with this. Republican governors could fix the energy price crisis now. And people say, well, Charlie, the federal government says that we can't do that. Oh, you mean like how San Francisco, Los Angeles, Portland and Seattle? They say they don't want to enforce immigration law, and they allow rapists and murderers to go free without giving them to immigration customs and enforcement. You mean like that kind of disobeying with the federal government? You mean like Colorado, Nevada and Washington and Oregon, saying they're going to legalize marijuana against federal drug law? You mean kind of like that? No, I'm saying that it's long past time that we start to put our country first and say, Joe Biden, thanks for playing, man. You're destroying our energy grid, gas prices are going up in one of the most expensive winters on record. We're going to build the Keystone XL pipeline. And we're going to force you to bring federal agents in and arrest them, but that would require. Let's just put it nicely. Courage
The Significance of China's Hypersonic Missile Test
"Tell us about the first scoop and the second scoop and the reaction. I brought it up at the Senate debate on Sunday Night in Ohio among the 6 Republican candidates. And I must say, none of them are really aware of its significance. Well, so what happened was in July 27th, China tested a really interesting capability. They launched a long march rocket, which is the rocket they often used for their space programs. But on that rocket they had something called a hypersonic glide vehicle. And the best way to think about that is it's kind of like a space shuttle in the way it flies in maneuvers. The rocket brings the space shuttle or the hypersonic glide vehicle into lower order. It went around the earth at some point the glide vehicle detaches from the rocket. And then it sped down towards its target. We are told that it missed its target by a couple of dozen miles. But what was significant was it was the first time that China used this technology to go around the earth once. And something that they did during that flight and we still don't know what it is. Really freaked people out of The Pentagon, because they don't know how China managed to accomplish whatever capability it was. So it really, really stunned people because they thought, here's just a really, really good example again of where China is making massive fast development in its north reprogram. But for some reason, year after year after year keeps running the U.S. Military intelligence establishment. And then the second test we have to know less about, but on August 13th, there was a second test of some kind of a hypersonic weapon. And we're still trying to get some of details on this. But what's really interesting is literally about half an hour ago just before we came on the general Mark milley, the chairman of the joint chiefs has actually become the first American official to confirm this. In an interview on Bloomberg television, he said, I'm closing what we saw was a very significant event of a test of a hypersonic weapon. He said, I don't know if it's quite a Sputnik moment, but I think it's very close to that. It has all of our attention. So this is a big deal. And this was the first U.S. government confirmation that China did this.
The Power of Natural Immunity From COVID
"What is important for me to tell you is that I believe that what I had decided to do over the course of the last year and a half, I believe has been justified. I wanted to achieve natural immunity, which is by far the more robust immunity that one can have against the COVID or any virus. As Morton mccary, Marty Mackay, professor Johns Hopkins school of medicine, and the Bloomberg school of public health and the editor in chief of med page today wrote in The Washington Post, natural immunity to COVID is powerful policy makers seem afraid to say so. More than 15 studies have demonstrated the power of immunity acquired by previously having the virus. A 700,000 were person study from Israel to weeks ago this is a few months ago. Found that those who had experienced prior infections were 27 times less likely to get a second symptomatic COVID infection than those who were vaccinated. Did you hear that? 700,000 person study in Israel, 27 times less likely than vaccinated people.
How Mark Zuckerberg Bought the 2020 Election
"A new story from the federalist says the 2020 election wasn't stolen, it was bought by Mark Zuckerberg. This is a true story of the account of how Mark Zuckerberg privatized the government's voter registration and vote counting for Democrats in 2020. The founding fathers always believed that if there was power there must be a check and a balance against that power. What is our check and balance against Mark Zuckerberg, spending $400 million during the 2020 election, Facebook CEO, Mark Zuckerberg, spent hundreds of millions of dollars to turn out likely democratic voters. But this wasn't traditional political spending William Doyle from the federalist rights. He funded a targeted private takeover of government election, operations by nominally non partisan, but demonstrably ideological nonprofit organizations. This was done through the center for technology and civic life CTCL. We've talked about this in great detail on the show, but this new story from the federalist is shocking. We talk we are always under, we are always accused. You are a threat to democracy as we did on the show previously, just type in threat to democracy and then go to news the Pandora papers are a threat to democracy. Trump is a threat to democracy, Bloomberg, how to save democracy. New York Times had a Conor how to counter pro Trump extremism and threat to democracy. Now, we are a republic not a democracy. But if you read this story, who's the real threat that democracy? The guy playing golf at Mar-a-Lago? Or the $420 million spent by Mark Zuckerberg, who put money into local government official races, and it came with strings attached.
'We Are Now Worse Off Than Before the Experimental Shots'
"Daniel Horowitz for the blaze dot com says the data is in. And we are now worse off than before the experimental shots. Now this is a thought crime. In October of 2018, the Johns Hopkins Bloomberg school of public health published a report that if one did not know better, Mike make readers think the authors were involved in gain of function research that likely created the Fauci virus. The report was titled quote technologies to address global catastrophic biological risks. Risks. It offers novel social control and mRNA vaccination ideas to deal with emerging pandemics. Whether naturally emerging or reemerging deliberately created a released or laboratory engineered and escaped, that could lead to sudden extraordinary widespread disaster beyond the collective capability of national international organizations and the private sector control. One of the many bone chilling sections in the publication Daniel Horowitz writes, provides a blueprint for quote self spreading vaccines. Describe his vaccines genetically engineered to move through populations in the same way as communicable diseases. But rather than causing disease, they confer protection. After noting that such an idea would violate the rules of informed consent and possibly spread allergic reaction, they add this shocking prediction about the challenge of such technology Daniel horwitz writes, finally, there is not an insignificant risk of the vaccine virus, reverting to a wild type virulence. As has sometimes occurred with the oral polio vaccine, which is not intended to be fully virulent or transmissible. But which has reverted to become both neuro virulent and transmissible in rare instances. This is both a medical risk and public perception risk, and the possibility of vaccine induced disease would be a major concern to the public. Daniel horwitz continues by saying, whether this vaccine actually sheds the spike protein onto other people, is still not yet proven. Although Pfizer seems to indicate it can spread through skin to skin contact rather than inhalation. But the principle of mass vaccination with a faulty vaccine making a virus both more transmissible is something that is hard to deny at this
Sweden Halts Use of Moderna's COVID Vaccine in Under 30s
"There's kind of this platforming of the scandinavian countries that so many people on the left participate and i think there's some things that sweden and denmark get right at least up until recently sweden denmark had some of the most sane immigration policies on the planet that you must speak the language love the country. We're not going to open up our borders. Everyone that has changed recently since the syrian refugee crisis. Denmark doesn't have a minimum wage. Sweden has full school choice. Sweden also i think handled the chief virus and the chinese corona virus. Better than any other country that i can think of. Refusing the lockdown trusting their citizens to make good choices. And let's say rejecting the lockdowns in more ways than what but still. The american left wants to talk about sweden and denmark. Did you know breaking today. Sweden and denmark have halted maderna's chinese corona virus shocked or vaccine for younger people. The swedish walked watchdog sites increased risk of heart inflammation. This is from bloomberg dot com. So if the modern shot is unacceptable for people under thirty because of a heart risk in the pfizer shot should be too. They are effectively. The same product far more alike than they are different. In the primary difference is dosage and pfizer shows very significant myocarditis increase. Risk to remember. This problem was first seen in israel where pfizer was only used in israel.
Reflecting on the 1987 Book 'The Closing of the American Mind'
"1987 my older brother Doug gave me a book It was a book called the closing of the American mind Is by philosopher professor Alan bloom And I was doing my research for American Marxism among other things I reread that book And he has some very brilliant things to say And so on page 40 to 41 of the book I point out that he wrote that every quote every educational system has a moral goal That it tries to attain and that informs its curriculum It wants to produce a certain kind of human being This intention is more or less explicit or less the result of reflection But even the neutral subjects like reading and writing and arithmetic take their place in a vision of the educated person Democratic education wants and needs to produce men and women who are supportive of a democratic regime In Bloomberg excuse me bloom went on to warn that we have a culture in which to root education But we have begun to undermine it The idealism of the American founding has been explained away as mythical selfless selfishly motivated and racist So our culture has been devalued Nobody believes that the old books do or even could contain the truth Tradition has become superfluous 1987
Everything we know about the Kroger mass shooting
"Will keep paying employees of the tennessee. Store attacked by a third party vendor. Sarah bartlett has more a kroger. Spokesperson says the caller vel store will stay closed while police investigate thursday's attack which left a customer identified as livia king dead ten workers and four other customers were hurt in the mass shooting. Kroger says counseling services are available to any associate who needs help. The shooter took his own life and a motive is still unknown. I'm sarah
Is Taiwan About to Lose Another Long-Term Ally to Beijing?
"Is the upcoming election in honduras in central america causing a storm over fourteen thousand kilometers away in east asia. The answer is the country's longstanding relationship with taiwan which china claims as its own territory and allegations that beijing is trying to undermine the historical ties between taipei and all seagull palm. Well some some ellis bloomberg's taipei bureau chief. And he's on the line with more something. Can you begin by filling us in on that relationship between taiwan and honduras. Well hundreds is one of taiwan's last few remaining official diplomatic allies so one of the last few countries anywhere in the world. The officially view taiwan as a country so photon The importance of maintaining as many of these last fifteen allies as possible is huge. Like it is Really crucial to maintaining. It's the tight covered. Taipei governments claimed that. Taiwan is a sovereign independent country separate from the people's republic china. Now of course the relations that These last few allies have with taiwan officially the republic of china taiwan the state. And taiwan's official name. You know a legacy. Leftover from the government that used to rule china before the people's republic had sleds to taiwan during the civil war. And so you know over the last eight years. More and more countries have been switching recognition to beijing. As the people's republic of china is the official government of china. So y- taiwan is is very much invested in maintaining these last few allies as as possible Because it really does. Maintain this claim that taiwan suffered sovereign independent
"bloomberg" Discussed on Bloomberg Radio New York
"Bloomberg radio. Com Bloomberg the world is listening. Everything seems to be in motion the macro clearly being driven by the Corona virus outbreak, But here will also mean a global recession. The narrative is driven by uncertainty and you're on solid ground looking forward guiding you through all of this. Bloomberg radio. The Bloomberg Business haven't Bloomberg radio Com. Bloomberg the world is listening Broadcasting 24 hours a day at Bloomberg, Calm on the Bloomberg business happened at Bloomberg. Quick. Take this. He's Bloomberg Radio. Noah Global News Update. An ally of former President Trump is questioning why Capitol police didn't use deadly force during the violent protests. Last month, South Carolina Republican Lindsey Graham said officers had every right to use deadly force on the violent mob. Speaking to reporters during Trump's second impeachment trial, he added the people in charge of securing the capital let the country down. He also believes there's more support for Trump's acquittal as the third day of former president Trump Senate impeachment trial is set for tomorrow. Earlier today, however, House impeachment manager David Sis Cellini argued that Trump was so focused on objecting to the election results. He deliberately failed to respond to the violence that was taking place. Members of Congress and vice president were inside. Scared for their lives. He doesn't send help doesn't try to stop it. Doesn't even acknowledge the attack. The White House is standing by their goal of reopening schools in the 1st 100 days of the Biden administration, Press secretary Jen Psaki said the goal is to have students back in the classroom at least one day a week. Federal Reserve Chairman Jerome Powell says the nation is a long way from employment. Getting back to normal that Madison has more will told the Economic Club of New York continued aggressive policy is needed to help workers. He said It will take both near term policy and it longer run investments to get a strong labor market. The nation's unemployment rate has fallen to 6.3% from its high of 14.8% in 2020. I will set of monetary policy alone is not enough to repair all the damage done to the economy by the pandemic. Texas Lieutenant Governor Dan Patrick is working on a law that would require the national anthem to be played at public events. Patrick announced The Star Spangled Banner Protection Act today, calling it one of his legislative priorities. Patrick adds the lies needed because Dallas Mavericks owner Mark Cuban confirmed the song wasn't being played before home games. I'm Brian shook The CDC director is continuing to urge folks to wear masks despite dropping covert 19 numbers. Dr Rochelle Wolinsky says new data shows wearing a mask protects the person wearing it and the people around them. She also said there's now clear information that shows coronavirus case spread dropped after mask mandates were instituted across the country. Governor Andrew Cuomo is proposing the establishment of the New York cares plus baby to baby diaper Bank Liz Warner reports as part of his 2021 women's agenda. The Empire State now plans to partner with nonprofit baby to baby to donate 20 Million diapers to New York's emergency feeding programs for statewide distribution to food banks said no cost to families. Maybe the baby provides basic essentials for Children under 18. And since the pandemic began, the organization has already distributed 50 million items. Two families. The Diaper bank is the latest in the Syriza of initiatives put forth by the governor to help New York families during the pandemic. A diverse group of musicians from Jay Z to Rage against the machine are the 2021 nominees for the Rock and Roll Hall of Fame, Michael Kastner reports. Tina Turner. The Foo Fighters and Iron Maiden are also among the 16 musical acts Nominated. Seven of the nominees are Women, Others nominated or Mary J. Blige. Kate Bush, DeVeaux the Go, Go's Chaka Khan, Carole King, Fellow Cootie L. L. Cool J New York dolls Todd Rundgren and Dionne Warwick. The Class of 2021 inductees will be announced in May. Michael Kastner Alex Trebek's Jeopardy. Wardrobe is going to help those in need. The game show's Twitter account announced the large portion of the late host show Wardrobe is going to the dough fun. It's an organization that helps former inmates and homeless Americans get back on their feet. The show is donating 14.
"bloomberg" Discussed on Bloomberg Radio New York
"All this doom and gloom was out there financed. You See, this is a technical correction investment. What do you have looking at? Give you some sort of compass. Through this period, The Bloomberg surveillance podcast lots and lots of talk about what the Fed should and shouldn't do. Dunking Jonathan Ferrell, these Abramowitz and the names that shape the world's markets and speak with Professor Schiller of Yale University. Bloomberg Surveillance. Listen today at Bloomberg, Calm the Bloomberg business half or subscribe on Apple podcasts. Broadcasting live from the Bloomberg Interactive Brokers Studio in New York. Bloomberg 11, Frio to Washington, D. C. Bloomberg 99 12, Boston Bloomberg, one of 61, Justin Francisco Bloomberg 9 16 to the country, Sirius, XM Channel, 1, 19 and around the Globe, The Bloomberg Business AB and Bloomberg radio dot com. This is Bloomberg Markets. You're listening to Bloomberg Markets Carol Massar in Firmani, Quinn and Paul Sweeney, speaking of twists and turns. Not only is going to be Roller coaster on Carnival's new ship, but it's also been the financial markets for 2020, but we're definitely been on a move up overall. Since we've seen a lot of aid kicked into this economy. All right, let's get a check. Gonna talk about that with our next guest. But first up, Let's get another check on that trading day here is once again John Tucker, would you go on a roller coaster on a cruise ship? A zoo. Long as nobody else was on the roller coaster or the crew's true Yeah, on anyway after a new round of stimulus powered stocks to a record close, Mantei Carol Starts today. I would say they're mostly flat. Investors continue close up positions for 2021. Trading has been relatively thin. Also, you're going toe believe a lot of people been off this week choppy trading like that to continue mid this light volume in the holiday shortened week and U. S economic Data today hasn't.
"bloomberg" Discussed on Bloomberg Radio New York
"How many of them have remained on the job? Throughout this people are not going to be in public. Transportacion. Nobody knows you have received £600 million in the UK, but we can promise the most complete information and the most detailed analysis. The question is what kind of recovery We will be due every twist and turn. Would you be wary of investment in China? At this point Bloomberg Radio. The Bloomberg business happened. Bloomberg radio com Bloomberg, the world is listening. The election is over. There's a long road ahead. Experts will be necessary. We do not necessarily get me eight from Washington, D C. Donkey, You need to understand the science of what we're talking about. Jonathan Ferrell doesn't the short term shape what the future looks like in this economy, and Lisa Abramowitz? How do you price in economic scarring? Bloomberg surveillance weekday morning, said seven Eastern on Bloomberg Radio. The Bloomberg business happened. Bloomberg radio Com Now watch us on Bloomberg Television. The average time a resume spends on an HR manager's desk. It's seven seconds and most of them are tossed aside. Now imagine if one of those resumes belong to you as me who was living in a shelter juggling three jobs. I had to be resilient. That's something that you can't teach. We realize so much on a resume yet it could never tell the full story of someone who had to be independent and take initiative. And that's how I handle every project. I get discovered new ways to develop great talent that grads of life. Don't work brought to you by grads of life and the Ad Council. Imagine Imagine being denied an apartment because of your religion or your race or because you have Children or a disability. It's so wrong. Yes, but who has the power to stop this? Do. Each of us has the power of the law is on your side. It's illegal for landlords to discriminate because of race, color, religion, sex, national origin, disability or familial status. If you suspect that you have experienced housing discrimination file a complaint with Hood.
"bloomberg" Discussed on Bloomberg Radio New York
"Is Bloomberg business week all right we are keeping an eye on the equity markets today Carol and looking forward to hearing from people such as always with the started looking forward to that first at the let's get another check on your top business stories also a look at the trading day we've got roughly twenty minutes to go did absolutely right about that high for the day on the Dow up six sixty that was a gain of three point one percent here's where we stand now we've got the Dow five hundred twenty nine points up two point four percent S. and P. five hundred index have been has high as eighty four points up now by seventy one that's a gain of two point eight percent nasdaq advancing now by three percent higher by two hundred and twenty six points bottom line stocks extending gains as investors see glimmers of optimism in efforts to deliver rapid testing for the new coronavirus S. and P. five hundred index is higher for just about the fourth time in five days the Federal Reserve Bank of St Louis president Jim Pollard says adding trillions of dollars of borrowing to the U. S. national debt is necessary fiscal support because of corona extra corona virus variola virus related shutdowns and will not hamper the country's ability to grow in the future Bloomberg radio and television sat down with Pollard he talked about a number of other topics including efforts to boost the US economy and help small businesses one two three and then I could leave phone calls and then I could leave what I interpret the program is trying to do is well I think common sense a lot of businesses.
"bloomberg" Discussed on Bloomberg Radio New York
"This is Bloomberg radio Bloomberg surveillance we are being taken out of my comfort zone but a coronavirus weakness is pretty much a good thing for a lot of the rest of the world this year most likely the financial health of the business sector has secured in someone's obviously the value in high fall stocks are going to continue to suffer because of the bond market is too complex over into recession via Bloomberg surveillance with Tom Keene Jonathan Ferrell and Lisa on Bloomberg radio from New York City for our audience a worldwide good morning good morning this is simple and backs of violence let's get your Friday morning price action after a brutal week once again the S. and P. five hundred coming into Friday down about eleven percent of the session of two point four S. and P. five hundred futures in the bond market if it returns the treasury CEOs aggressively lower down sixteen on a thirty year down fourteen basis points on a ten year to one percent precisely on a ten year gilt in foreign exchange dollar strength through the week one of the biggest weekends for the U. S. dollar on the week since October two thousand night on the session the dollar showing just a little bit of weakness against the euro a lot more against the pound sterling brownie and by little more than two percentage points alongside Lisa premise I'm Jonathan ferro I feel lucky and privileged to be with you at a really really tough time and be with you through the week as well I'm looking forward to being with you through the next couple of months to tell Kate is on vacation a number of minutes ago I did say if you want to come back right and guess what yes people have written and they want him back all the home happy now come back a sap then Damian sent me a gaffe and said this is a tweet in support of Tom king's return and the little video is a car full of monkeys gone absolutely crazy and I mean that is what they think Tom Kean is light in the studio try to write yes shock is it that far off well I will say that is that it is encouraging that that people are are excited back we we really do want a path back I think he will come back I'm looking for traveling back Monday Monday I understand we can get some came back complaint back right out and I look forward to doing it what a week it is paid for global markets so much stress out there anything that we've been exploring Lisa of the last couple weeks it's just the speed of the move the pace of this movie absolutely brutal and I think we've picked up on some stats not just in the equity market on credit and he still thinks that down inequity you've got to keep your eye laser focused on what is happening a credit at the moment investment grade bond flows the outflows smash in record we talked about that we talked about how you express blew out another two engine forty nine basis points this week full sessions to forty nine unreal it's something you've been talking about triple base so for people who are familiar with the structure the credit markets in the writings around them you have investment grade and you have jungle sub investment grade high yield investment right is right to triple lie all the way down to triple play and then you drop into high yield triple B. spreads huge junk and investment grade universe as many of our listeners are familiar with that story over the years now the one this is two thousand nine at least this happened really quite fast what's concerning to me is that the benchmark for all of these statistics you keep mentioning two thousand eight two thousand nine the financial crisis with credit and some of the actions that we have seen we have blown through two thousand and eight two thousand nine and are hitting record weakness record pace record pace of declines and this just raises some key questions we've been talking about this on going away is this pricing in a mass downgrade of that triple B. sector and possibly the fallen angels and just an absolute master degree of bankruptcies and insolvencies or is this a liquidity issue or is is a combination of both that will have to get parse through and could potentially be opportunities for investors the likes of which are Howard marks he says that he's buying I'm struggling to understand that and I think everybody is because the baseline is just a big question mark Muhammad eleven found on Twitter at right now I'm looking for to catching up with Muhammad at the top of the nine o'clock hour nine Easton on Bloomberg TV a little bit like this morning questioning about the house questioning the hope of whether the way the full sounding is Alfa has been a guest on that show we my family JP Morgan asset management global market strategist Mike we have had this for selling a situation in many markets including in treasury's well we have this moment worrying moment why sound what you cannot what you want are you convinced or is it too early that is why the full sounding is Alfa well I think what you're saying on credit it's important because we still got downgrades to calm in my opinion historically it takes awhile for the rating agencies to actually get up off the speed with the hit to revenues that looks likely to come very sorry I think over the next six months you're gonna see a flow of downgrade coming very not trouble the space and then you will see full salaries that some investment grade bond fund some insurers after he won't the capital reasons or just because it's not part of that mandate to hold third spot I will be forced to sell them so I think that's potential despite the meat we inspect all me looking as of yesterday's close living spread for about three point three the U. S. I. G. you look back to two thousand I widened out north of five percent sorry I think we could still see the widening particular another it's probably nine at the end up getting downgraded we estimate that about five percent of the index could end up getting downgraded and therefore we still favour in offering quality of product with credit for selling you think is expected to be on going I want to talk about some of the for selling of the past week we got data from from Lipper saying that investors withdrew an unprecedented thirty five point six billion dollars from U. S. investment grade bond funds this week John was mentioning this before the prior record was seven point three billion dollars absolutely blowing it out of the water why did this happen where was this withdrawal of mass coming from I think the problem is that you've seen over the last few years a lot of investors in this low yield environment that we've seen that have been reaching the extra yield by going into credit funds what I normally than my server and caching instead of because the yield of a long pass was so loud I thought well I'll take a bit more risk tolerance and investment grade credit and it was I think I understood by mice the the background what the non financial corporate debt to GDP levels had risen to pretty elevated levels but people thought well with this low interest rate environment what's going to be the shock to revenue which means that I lose investment grade companies struggle to pay back but that obviously the shot comes in the form of the carpet ninety an hour break in the shot down they were condemning the round the world which is taking place in that photograph and you had to many of those businesses which will mean the interest coverage ratio has come down leverage ratios go along with the decline and hence you can't downgrade another result of that I think you're seeing many people try to get out of those credits but full they get downgraded to leading to spread widening but once the downgrades actually comes through that will be I think another way hello sign am I kind of see how this issue thanks anytime soon I think this is the case key issue right now we spent about two months debating scope and severity of this health crisis how bad would again how widely spread another huge uncertainty of a longevity how long would it last and the longer it lost the stronger the more fuel the argument the race for the idea that essentially T. full stop to pick up and we go through this massive wife fifty leveraging away to have tough times in credit Mike how long do you think things gonna take to class with that in mind because I keep hearing people site it depends how long this goes on full what is how long made well obviously that's the big question that night one night the on air and everyone wants a copy off of that I think the other thing it takes a while for the downgrade from prehistorically the rating agency is down tens of just downgrade a whole bunch of companies I have a nine so I think that will be a rolling price that in terms of the economic impacts what's really needed ASAP prevent companies from really struggling it is for the government the staff pain and Haiti the wage bill for large and small corporates across the economy in this period when many companies nothing very dramatic decline that leverage you look for example of the Aiken table data on restaurant bookings seeing a dramatic decline in bookings and revenue so some of those kind of companies which are most exposed to that I'm sorry all we gonna feed that kind of massive physical stimulus that is required to really allow companies to keep one because without firing them if not all day and job losses are gonna realize that they're not so now I I could still see you and lost in in length and the downtown and hence the problems in product and Mike I think that a lot of politicians are are very aware of this which is why we've seen an incredible speed to respond to this and number of bills trying to do exactly what you're saying although the details very from from day to day depending on which phase of the bill were Ian but I'm wondering at what point you step in and buy it will point you say all right we've gone far enough I think that ultimately depends on your time horizon state when you look for example high yield credit press one now a long way partly that is because he's seen energy spreads widen out author excluding energy sprite do you still have the material widening but not quite to the extent that it looks like if you just look at the headline index because the energy are stretching but nevertheless which spreads because why did they are at the moment and if you buy it these kind of levels historically on a two to three if you you make pretty good money some companies will be full Bob the the Fairmount has the full already priced in dot said it's possible that spreads could widen quite a bit further in the near term before things get better sorry under the law nine US high yield spreads were approaching ten percent in two thousand a night they got as wide as close to seventeen percent sorry things could get worse before they get better so if you can take a two to three year time horizon will be quite attractive to fight because short of time and he worried that things could get worse before then you probably want to wait often hold off of that I'm not quite catch of the my found that JPMorgan asset management global market strategist Mike is rob with pushing twenty percent it's up to high yield spread back in like to wake up into a nine and we should attend right now because the price they said we've gone from the tides of the year around three fifteen three sixteen we've traveled that we traveled down which would that the bulk of the move has been in a single month just to give you a sense of distress levels on high yield are ten percentage points over benchmark rates we are less than twenty five basis points on average for the entire index for that after being on it near record low yields yeah not that long ago with energy high yield spreads of record whites as well something we can talk about a little bit like this allocation do some headlines worldwide here in New York City a psych of morning to Michael Bach one Michael good morning John good morning Lisa the corona virus has claimed two hundred thirty five lives in Spain over the past twenty four hours the health ministry officials says the Spanish outbreak raise the total death toll by thirty one percent to one thousand two Wuhan China where the outbreak began offered a ray of hope with no new infections reported for a second day in a row and only thirty nine cases reported nationwide the US has warned Americans to avoid all international travel and told citizens abroad to return now or face an indefinite absence California's governor is ordering all forty million residents in the state the stay home in New York City the metropolitan Transportation Authority says that twenty three workers have tested positive for the corona virus president trump is trying to calm Americans about the virus but there is some confusion about the government's progress suppressing the covert nineteen outbreak in Berg's Martin to kill reports on the president's comments about the use of a decades old malaria drugs it sounded like a breakthrough get it approved very quickly I would even tell you how quickly but let's put it this way it's a proves president trump from the White House briefing room announced the malaria drug chloroquine was FDA approved for use on cove in nineteen patients only to have the agency say a short time later it was not approved for corona virus it is being tested Dr William Schaffner is an adviser to the centers for disease control and there are plenty of patients in whom we can do clinical trials and get solid information right now chloroquine is only permitted for use in severe cases that are not responding to other treatments in Washington Martin to Carrow Bloomberg radio global news twenty four hours a day on the area known QuickTake by Bloomberg powered by more than twenty seven hundred journalists and analysts more than a hundred twenty countries on Michael Barr this is Bloomberg John Lisa a microphone thank you Sir from New York City listening to fill in for acts of violence we are live on Bloomberg radio.
"bloomberg" Discussed on Bloomberg Radio New York
"Radio dot com and via the Bloomberg business well this is certainly been a week for financial markets where you couldn't wait until Friday and now it is upon us at least in Asian trading you're joining a scene from the region good morning I'm the Christian or the Bloomberg interactive brokers studio in New York and I'm Juliet folly in Singapore Bloomberg daybreak Asia presented by interactive brokers that margin line start at three point zero six percent and decrease allegedly values and right to subject to change you can learn more at I. B. K. I. dot com slash compare yes it certainly has been an interesting one for markets I said about an hour ago the Asian stocks were on track for a weekly gain of two percent that's now been dwindled down to one percent let's get all the latest with bronchitis in Hong Kong Brian yes and unfortunately if you're long these markets it could be a road for those still because some of these markets are just getting started right now we do see a little bit about performance in China with the CSI three hundred down nine tenths of one percent conversely you've got nearly two percent losses in Hong Kong well one point eight percent for the hang Seng index a little more than two percent for the HSC III the Nikkei is down two point eight percent the S. X. two hundred off about two percent and the cost B. is is getting hit pretty hard down two point two percent so there's not a lot of out performance is just a lot of fear in the markets fear that it's it's hard to quantify the impact of the corona virus and how long might this last ditch your money dead for the next say two quarters so investors are sort of voting with their feet Dalian one of five ninety four so one oh five we haven't announced that sort of handle on on the end for a while and gold is up to sixteen hundred sixty nine dollars oil has separate troubles they're trying to cut rushes not agreed yet W. T. I. forty five sixty three and Brent down under fifty dollars a barrel at forty nine ninety six so it's a tough day today in the Asia Pacific lots more to tell you about we'll do that again in fifteen minutes stuck to you all right in the ten year treasury in Tokyo at eighty two basis points hi okay so drugmakers they've been racing to find vaccines for the coronavirus researchers in China quickly provided it's genetic sequence that was able to give other scientist a faster start in finding a possible treatment we spoke earlier with Bloomberg health reporter Emma court she said the history really is not encouraging for finding and developing vaccines quickly taxis are also difficult to develop too because you have to test them out and healthy people and you want to be really conscious about safety so you know these are big trials that you're running and then this isn't really a question of whether people would like to develop a vaccine or therapeutic obviously everyone is kind of weird thing for this to kind of come through but it is a question of whether you know the industry can kind of move fast enough to keep up with sort of a disease that that people are saying it's going to become a pandemic that is Bloomberg health reporter Emma court Julia well it is getting use that delta is suspending U. S. to China flights from February sixth through to April thirty and this comes of course is U. S. airlines say that travel demand is falling apart we get more from Bloomberg Charlie pelage Southwest Airlines says first quarter sales will take ahead of as much as three hundred million dollars after a plunge in demand that CEO Gary Kelly calls quote a gut punch shares of southwest down three point six percent United Airlines holdings and jet blue are planning to trim flights as they brace for a slowdown of global trade group for airline says the industry will lose as much as one hundred thirteen billion dollars in sales.
"bloomberg" Discussed on Bloomberg Radio New York
"Is Bloomberg you're listening to Bloomberg best on Bloomberg radio I'm at Baxter and I'm Denise publicly the legal marijuana businesses had a tough time lately and Bloomberg TV host Joe weisenthal and Romain Bostick had a chance to talk to the CEO of Kerley holdings about it he starts here by asking Jos Luis Sardi if there's a risk of getting burned out by the downturn in the legal marijuana business I think the actual fundamentals of the business service wrong is it ever band you know illinois' Adele uses off to hot start Massachusetts is picking up steam I think you're gonna see a number of big catalysts this year including Maine being the second state to go dell use on the east coast you've got governors in New York Connecticut Pennsylvania all talking about adult use and you'll likely see ballot initiatives in New Jersey and Arizona there are number of catalysts on the horizon and the actual fundamentals of the business are great and you're gonna see a lot of organic growth and Carolee from a lot of other U. S. operatives this year so I think the stock partial to reflect the real value of these businesses as they seek and continued growth so with regards to organic growth I mean obviously I mean surely has been acquitted of obviously the select deal in the grassroots seal where do you stand right now with grassroots and what do you see the advantages there once that deal finally gets done yeah I mean that's a transformative deal for a company puts us in a key midwestern markets including Illinois they've got a strong footprint in Pennsylvania so it's obviously a very good deal for our shareholders and we're looking for to close that deal in the spring we announced about a week ago that we cleared the DOJ HSR hurdle and so now it's just up to the states to transfer the licenses and will continue to look around the market define opportunities that are creative enough I got a good places the player can our capital we did a three hundred million dollar debt raise earlier this year and so we've got a really strong balance sheet and we're always looking to deploy that capital to make returns for investors this is a vaping deal but what kind of opportunities do you see specifically whether it's what kind you know in terms of products or the type of companies that would make a good strategic fit for further capital deployment yeah well by the end of Q. two operating twenty markets and so I wouldn't be surprised if we do both arms in existing markets for example in Arizona we have nine dispensaries there are a number of other deals that we can look at the Bulldogs in that market are similar types of things you know a week there may not be a big deal for her eyes and are always looking for some opportunities that are creative I'm just wondering what do you see in terms of the demand side here all south of the border here in the U. S. yeah the U. S. could not be more different than Canada structurally an entirely different market our companies are vertical we have the whole supply chain the demand is incredibly strong women up and down the east coast our biggest problem is that we can grow cannabis fast enough the demand exceeds the supply you know illinois' supply constrained Massachusetts so consumers are so huge preference for regulated taxed legal cannabis and that's not going to you know that's gonna continue for a long time so we're very optimistic about the demand side of the equation we've got to deploy capital to build capacity and capture that demand curve and I think it's gonna be a huge year for for U. S. cannabis interleave what states are most likely next to expand on the recreational side where do you see the fastest progress right now well as I said New York is having a very public debate on governor Cuomo's trying to get it down to the budget New Jersey is gonna have a ballot initiative this fall I think connect Connecticut will likely follow suit if New York or New Jersey do a bill so you know there's a lot of public dialogue going on a lot of recognition that cannabis has its rightful place in our society and should be taxed and regulated so we're very optimistic about the dominoes falling here over the near term Joe you mentioned that financing that you got a guy that was back close back in December of that syndicated term loan two hundred seventy five million or so this was kind of a big deal at the time because I mean we've seen a lot of banks are shying away from cannabis companies cannabis related companies are your company was kind of seen as kind of the first breakthrough to really secure sort of of all big sort of a fleet of financing here do you think that we'll see a little bit more of that and do you think we'll see it to the extent that the banks are willing to offer a little bit better terms the maybe the percentage you got well you know from our perspective we did have such a deal the three hundred million dollars I think we have you know the best money raising apparatus in the business and the best credit profile so that's how we're able to attract that investment I do think that that markets will continue to open up you know I want to highlight there was no war coverage in that deal so straight that I think that we've demonstrated ability to deploy capital and get returns for our shareholders and that's how we're able to pull that off well you're demanding you mentioned that continuing to accelerate we're specifically need we need American cannabis consumer what is a gravitating to one of the looking for is they learn about the recreational market as they learn about the product what are the the trends that you're seeing just in terms of what they're into let's just start with medical if you look at Florida you know Florida's adding ten thousand patients a month as you know during a thousand patients in Florida for the fasting growing fast growing cannabis markets in the country medical markets are growing up and down the east coast New Jersey New York and then the adult use market opens up a whole new classic consumers Joe do you anticipate that we would get any sort of federal regulation something that was sort of consolidate I guess all of this sort of state by state legalization I anytime soon I think the first thing we get is the safe banking act followed by states act which which makes it the state's right to have cannabis laws I don't really see a full federal law legalizing cannabis anytime soon but I think that will get progress the federal level over the next twelve to twenty four months and that all all things like credit cards big money center banks and potentially cheaper data into the space and it's all the things bode well for future you know cannabis growth you've been listening to Joseph Lusardi CEO of purely and coming up are expats looking to get out of Hong Kong add one company specializing in immigration and visa says pouring.
"bloomberg" Discussed on Bloomberg Radio New York
"The Bloomberg business out the Bloomberg business Bloomberg world headquarters on Charlie Pellett H. P. and because a doctor at a shareholder rights plan that would make the takeover more difficult to carry out H. P. fighting off a hostile acquisition by Xerox holdings H. pieces if a person a group requires twenty percent or more of HD stock the plan but then take affect it was a down Thursday here with the Dow the S. and P. and nasdaq all moving lower today as some P. down twelve a drop of four tenths of one percent the Dow down one hundred twenty eight points down four tenths again the S. and P. dropping for tense as well nasdaq down sixty six that was a drop of seven tenths of one percent ten you a fifteen thirty seconds the yield one point five one percent gold now at sixteen nineteen fifty eight the ounce crude West Texas intermediate up five tenths of one percent fifty three seventy three a barrel recapping down day on Wall Street S. and P. down twelve a drop of four tenths of one percent I'm Charlie Pellett and that is a Bloomberg business flash Charlie delta thank you so much you were listening to a special edition of Bloomberg businessweek live from NJ I. T. here in Newark were having a conversation about the future of work in part understand the future of work is understanding where science is going what the jobs are going to be and what the aspirations are for this next generation of technology kill militants I want to put this question to you you're the senior V. P. over at our end of our anti of remark local company and and I do wonder what's going on in the in the war in in terms of disease biology we're talking about this during a break in I'm so intrigued by what that actually means so I've been a student of human disease biology for my whole career and the the the the central problem we have is we want to understand what goes wrong when people develop the disease and then we want to figure out something we can do to modulate that some medicine or some vaccine we can give the will modulate the human disease but the problem is we don't know as much as we would like to know I can tell you for it during my career we know three orders of magnitude more about human biology that we did at the start and it's not even a tenth of a tenth of a tenth of a percent of enough we will credit you're not that old the right only as old as you feel so I'm not old at all but I would here's the here's the exciting part the the exciting part is because of the convergence of many different things we can now it's now possible to study human disease biology with a resolution and with a continuity it's never before been imaginable no we haven't cashed in on it yet but you can feel it coming so think about it in the past if we want to know something about human disease we relied on a patient going to a health care provider and telling them once a month or once a week right about fix now you can know everything continuously if you do it ethically and if you do it in a in an informed way you can understand not what a disease looks like at a doctor's visit every few weeks or months you can understand what's going one continuously what the patterns look like if you want to actually take a sample from a patient with consent of course yeah and if you want to analyze it you can analyze it with a depth of resolution down to finding out what's going on in single cells inside each tissue you can understand it with a depth and complexity that was never imaginable even just even just a decade ago I have to think this is something you're seeing Virginie that you know because of the the the equipment and and all the the research if you guys are doing I can't tell you exactly the same story between factory for example what about the artificial intelligence are bringing to us more safe safety of environment I quality may be some time quick quick execution of the task and at the same time for you one would be dedicated to elevated the task they will be may be in charge of the logistic programming the robots that's why the segmentation of the task in fact only be it would be different in the future but definitely the robots and the A. R. I'm going to bring us a higher quality and at the same time giving the your mind the possibility to have elevated the world well this is what's interesting and and marks that were to come in on this because I feel like we've written about this a lot in business week magazine this whole idea of its not robots taking over for humans but you're going to see Madame machine kind of working much more closely than ever before well said that was that she might punch line.
"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" Discussed on Bloomberg Radio New York
"The Bloomberg business for forty seven past the hour right now let's get you caught up on markets were seen positivity in the early going in Sydney with the SX two hundred up about one percent that follows a risk on day here in the U. S. after the US and Iran kind of dialed back on some of the tension president trump toning down the rhetoric of bit suggesting that any further military force is not needed and he did though announced some are more economic sanctions against Iran equities up on the news although late in the day there were some shares down on the news reports on Sky News that several rockets were gonna were targeting the green zone in Baghdad now even without pull back we have the nasdaq composite finishing at a record high ninety one twenty nine the S. and P. five hundred on the day picked up about a half of one percent and for the Dow industrial average we were higher as well by about six tenths of one percent as well so with the risk on move long term interest rates come in a bit ten year treasury actually we moved higher in long rates with the ten year up more than five basis points one eighty seven crude oil down that's what I was referring to in terms of of the drop four percent loss in New York trading we closed fifty nine sixty one some of that had to do with a pause in the conflict between the US and Iran but there was also an unexpected increase in oil inventories here in the states W. T. are right now in the electronic session fifty nine ninety seven after the bell bed bath and beyond withdrew its financial guidance following another quarter of declining sales the stock had been down by as much as twenty five percent in late US trading last check has is down about the ten percent right now that shares bed bath and beyond right now the end trading one oh nine zero five so we are much weaker vis a vis the green back and that is positive for Chicago Nikkei futures trading twenty three five forty five that's more than three hundred points above where we were yesterday in the cash market in Tokyo all right let's get global news now mark mills in the Bloomberg news or president Donald Trump backed away from the precipice of war with Iran after the Islamic Republic attacked US bases in Iraq with a barrage of missiles the Pentagon believes was intended to cause no casualties fraudulent text messages circulating around the U. S. this week tapped into fears about a military draft the US army issued a fraud alert warning that the messages were fake and said it was investigating who was behind them senator Marco Rubio of Florida and congressman Jim McGovern a Massachusetts are trying to restart work on stalled legislation that would sanction Chinese officials for their treatment of week are Muslims in western China and a government report found that in the past fiscal year the majority of taxpayer phone calls to the IRS went unanswered the agency failed to collect billions in.
"bloomberg" Discussed on Bloomberg Radio New York
"And around the globe the Bloomberg business that Bloomberg radio dot com this is Bloomberg daybreak it's six thirty on Wall Street good morning I'm Nathan Hager and I'm Karen Moscow we are just about three hours away from the opening of U. S. trading let's get you up to date on the news you need to know at this hour US futures are little change this morning as investors largely shrug off the impeachment of president trump we'll have more on that in a moment but first the focuses on central banks this morning Mindy let's begin in Sweden where the respond candid half a decade of subzero using raising its key interest rate out of negative territory it's a move that puts pressure on the European central bank according to Bloomberg opinion columnist Marcus Ashworth I think it's from the mentors with I think it leads us to probably say at some point the P. C. pretty old to be recognizing that device what what the golf once a year to settle things down off to quite aggressive move in September on a druggie and by herself sometimes of a real fake thirty minutes from now the bank of England is forecast to leave rates unchanged for the focus will be on a how many policy makers descent we get more from Bloomberg infection rate strategist David Finnerty of central banks that I think be a visa to the most interesting one because the market's going to go how you to digest this latest developments of the election all I had to think too will come out with this was the third maybe even an outside chance for fourth member syndicate account right finally the bank of Japan held steady overnight but changed its statement to point to a brighter economic outlook we get details from Bloomberg Paul Jackson in Tokyo the bank of Japan last policy of the touch has a government stimulus package progress in US China trade talks and signs of bottoming of the global slowdown brightened the economic outlook still economists noted the risks to try you don't even brexit refine it's also are yet to be seen how the economy will pick up from the sales tax to typhoon in Tokyo Paul Jackson Bloomberg daybreak right Paul thank you back here in the last years of micron technology up about four percent in early trading the company gave a strong forecast and said it's through the worst of a slump in the memory chip industry and Deutsche Bank will reportedly cut six thousand jobs tied to its private banking division that's according to Handelsblatt which says the cuts are part of the eighteen thousand the German lender plans to eliminate by twenty twenty two S. and P. futures are little changed this morning along with nasdaq futures DOW futures are up twenty one the ten year treasury down eight thirty seconds the yield one point nine four percent and the yield on the two.
"bloomberg" Discussed on Bloomberg Radio New York
"This is your Bloomberg realistic report I'm to the spelling going we're going to take a look at one of the nagging questions about the housing market and that is what is the best way to address issues in the housing affordability across the country we put that question to Terrel gates he's CEO and vertus realistic capital we have seen some advancement and construction technology and there's been some limited success that here with what's called off site fabrication of modular housing but all in all it had very little impact on reducing costs and gates says it's not just about a lack of inventory either this is a national issue and the simple reason is this over the last several decades real wage growth inflation adjusted for middle income Americans has been virtually flat while at the same time construction costs land because an entitlement costs have gone through the roof and gates says public private partnerships are needed to solve the problem and that is your Bloomberg realistic report I'm to the spelling pretty vital shot a senior project engineer at Mott macdonald a global engineering consultancy with more than sixteen thousand employees he earned his PhD at New Jersey institute of technology and as an adjunct professor is helping and J. I. T. students explore emerging technologies my focus is renewable markets emerging technologies Betty of floating cities what are we doing to develop that what will happen is in the water would have wave city have solar having him you know develop plans I gonna develop education farming that's sort of thought process happens at NJIT we actually planned out what with us we look like I would develop that so ten years Russia ready take on those challenges when we have our first develop in the water and yet he also has been doing a lot of work in self healing materials for taking the Palmers image the new material that we have in our materials sizes apartment putting to things like concrete things like steel reinforcing our soil and J. I. T. New Jersey institute of technology learn more N. J. I. T. dot E. D. U. just just really really good guy the term good day isn't enough to describe he's also certified organic and free range which puts the cap back on everything the toothpaste a low voice two and three day he lets his ten year old nephew beat him that virtual tennis even though he can street of sleigh after yes when the toilet paper is running low which replaces the role of the actual holder not just on the back of the toilet texting and driving rich what are you doing I was just telling everyone how great you are texting and driving makes people look bad visits text stop rex dot org a public service announcement brought to you by the national highway traffic safety administration and the ad council now the new president trump plans to announce the withdrawal soon of about four thousand American.
"bloomberg" Discussed on Bloomberg Radio New York
"Bloomberg. You're listening to Bloomberg best on Bloomberg radio, June, girl, and I'm Ed Baxter, President Trump and China's president Xi Jinping might use this month's g twenty meeting as a chance to restart trade talks in June. That's according to commerce secretary Wilbur Ross, and he spoke to Bloomberg's David Westin in Alix steel. Well, I think it's always easier and better. If you can make a deal, but a deal and a proper deal aren't necessarily the same thing. President is wetted to a deal that embraces a number of very important principles first to ease the current trade deficit purchase of more goods, una current faces that's very hard because the Chinese have to buy those goods from somewhere, the second, which is harder are the structural reforms respect for. Intellectual property, not requiring partnerships, not forcing technology. Transfers opening a level playing field for market access. All of those things that take legislation regulation and enforcement. And then the third thing, which is the hardest is in case, the party doesn't live up to the terms of the agreement. What is the enforcement mechanism? What can the parties do to make sure that these deals that are written on paper become deals in reality? That's the hardest part that in many ways, that's the most important part. It's part of where the problem came in with the breakdown in the last talk. So it's a whole series of complicated issues all of which need to be addressed mister secretary. Let's also go back to Weiwei. Because that's something you and I've talked about in the past. We have some sanctions in place on wall way. We now have a suggestion from the acting director might back off on the rich postpone that while way ban. And the president of south has once again, suggests we might get folded in to normal trade deal. Is there some room there to negotiate with the Chinese, well, Zion to send it? What the acting director, though, in be suggested was nothing that has to do with the pending litigation against way in its chief financial officer, nor does it have anything to do with Commerce Department pudding while away on the list, what it does have to do with this a separate order talking about supply chain and wa ways physician in it, and the ability of US government entities to deal with it. So the wild way picture, it self is very complicated has. Many dimensions to it that, it's my understanding that the oh, Embiid concern was strictly with some technical timing issues of the third one that I mentioned mister secretary a lot of when President Trump referred to secret agreement with Mexico, can you get any insight into what that may be very long and very good secret agreement with Mexico. The real key in terms of the day, ton with Mexico is in what scrap of paper has what words on it. I think the real key is will the Mexicans do what they said, they will do in what I believe they will do namely really start to crack down really start to prevent too many people from coming in over there. So then borders from Guatemala Nicaragua second will they deal with these bans of migrants, wandering through their country toward the northern border with us? And then third will they help us deal with the problem at the northern border? We need solutions to all three components of that equation. I believe they will act in good faith. I believe you'll see for fairly short order the numbers go down if not, then they will have to be more actions. I believe where in rude to very good solution. Based on the market reaction when President Trump said that they were going to increase tariffs on Mexico every month until an immigration deal was made, don't you think it's important for Marco participants to know what that secret agreement is the most important thing is we need to solve the border crisis, and we need to get USMC pass through the congress and Bassett alight has took the formal step. He had to these v the congress. They putting forward the matter. It's now up to speaker Pelosi to decide whether to let the house bring this up for consideration we believe that if she does the votes. They are both in the house and in the Senate. So the real question on US MCA, which is after all the big thing that market should be focusing on the real key is. Will seek or Pelosi let the Bill come to the floor. Let the members debate it and let them have a vote on it. That's commerce secretary Wilbur Ross coming up the conversation continues with the focus on.
"bloomberg" Discussed on Bloomberg Radio New York
"Bloomberg world headquarters. I'm Charlie Pellett. Remove into the final hour of trading here. We've got the Dow the s&p NASDAQ all on the minus side stocks are slipping as investors grow anxious that the Trump administration won't be reaching a trade deal with China before March deadline for escalating the war right now. The s&p is down thirty four points. A drop of one point three percent. The Dow down two hundred eighty seven lower by one point one percent, and NASDAQ is lower now by a hundred and seven points that is a drop of one point five percent ten year up twelve thirty seconds with a yield of two point six five percent. What about the Federal Reserve Ali Levin is chief strategist A B N Y Mellon investment management. She was interviewed this morning on Bloomberg television. We think that the fed stands Pat for the first two quarters, at least think the realistic quarter where there might be raised is September. They'll be some effects from the shutdown in the first quarter. Numbers the rebounds happens in the second quarter. So that needs to sort of even itself out. So real number probably comes in the third quarter of where we're going in this right now, we've got gold pushing higher by three tenths of one percent thirteen ten the ounce. West Texas intermediate crude down two point four percent fifty to seventy per barrel of WTI Johnson and Johnson says it will start giving the list price of its prescription drugs in its TV ads. Johnson and Johnson shares. They're down by one percent. The drug maker will be the first to take that step tapestry owner of coach plunging. The most injured Ray since two thousand twelve after becoming Vallejo's consumer facing company to sound a wider alarm right now, we do have a shares of tapestry plunging by fifteen percent apple out with a software update for iphones, and it's other devices to fix that bug that let users of FaceTime video chat. Listen on people before they accepted or rejected the call and be be in t- buying son. Trust banks in the world's largest Bank merger in more than a decade. Beebe and tee up three percent SunTrust up by nine point two percent. Recapping stocks, lower SNP down thirty to a drop of one point two percents. I'm Charlie Pellett. That's a Bloomberg business flash. This is Bloomberg BusinessWeek with Carol Massar and Jason Kelly on Bloomberg radio. It is time for the bond report Kathleen as global economics and policy editor here with us in New York City's.
"bloomberg" Discussed on Bloomberg Radio New York
"This is Bloomberg. With the Bloomberg small business report, I'm John Tucker. The share a small business owners in the US planning to hire those planning pay raises both fell in January to the lowest since may as openings remain difficult to fill eighteen percent of company owners. So they plan to add jobs that's down from a record twenty six percent of August. While the sheer planning compensation increases in the next few months fell to a net. Twenty percent this. According to the monthly employment report from the national federation of independent business. Additional readings showed hiree remains difficult with almost half of the firms reporting a lack of qualified applicants and if I be chief economist Bill Dunkelberg says in the report there is a significant shortage of qualified workers that could slow down small businesses in a tight labor markets small businesses have a tough time competing with bigger firms for workers. And that's the Bloomberg. Small business report, I'm John Tucker. This is a Bloomberg market minute. Good news that isn't as good as expected as bad news on Wall Street. Alphabet shares declined in after hours trading. Investors were not happy with how much Google's parent company is spending profit margins are thinner as alphabet invest heavily in its cloud and hardware businesses stocks advanced in Monday trading. Dow Jones industrials rose one hundred seventy five point seven tenths percent twenty five thousand to thirty nine the NASDAQ closed eighty four points higher. One point one percent, the S and P five hundred gained eighteen points or seven tenths percent Tesla's. Struck a deal to acquire the battery technology company Maxwell corporate matchmakers weighed in suggesting some acquisitions that big name companies might want to consider a Susquehanna analyst says Amazon should look into buying Redfin. To gain access to troves of data on consumers. J P Morgan says apple might benefit from buying net. Flicks activation blue. Absurd or Sonos? Jeff Bellinger, Bloomberg radio in-depth analysis, concise.