17 Burst results for "Bloomberg David West"

"bloomberg david west" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:27 min | 3 d ago

"bloomberg david west" Discussed on Bloomberg Radio New York

"Risk at Pershing and dot com. Futures are slipping this morning with S&P futures down about 16 points, down futures down a 120. NASDAQ futures down 27, the ten year treasury down 6 30 seconds, held 3.50% in a yield on the two year 4.31%, and I'm excrete oils up 2.4% at $81, 91 cents a barrel. That's a Bloomberg business flash. Now here's Michael Barr with more on what's going on around the world, Michael. Karen, thank you very much. Today is the final day of campaigning before tomorrow's Senate runoff in Georgia. Democratic incumbent Raphael Warnock is up against Republican urschel walker. Beijing appears to be gradually shifting away from its strict COVID zero policy, amid public protests, Chinese authorities eased COVID testing requirements across major cities over the weekend. NFL, the Giants and commanders tied the jets lost the forty-niners one, NBA, the next one, the Celtics beat the nets, the wizards lost NHL, the islanders won. World Cup today, Japan takes on Croatia, Brazil plays South Korea. Global news, 24 hours a day on air and on Bloomberg quicktake. Powered by more than 2700 journalists and analysts, more than a 120 countries, Michael Barr and this is Bloomberg, Nathan. Hi, Michael. Thanks. It's 6 23 on Wall Street. I'm Nathan Hager, this is Bloomberg daybreak. And we want to bring your interview now with former treasury secretary Larry summers. He spoke with Bloomberg's David west and on the latest edition of Wall Street week warning, the Federal Reserve will probably need to raise rates more than markets expect after another hot jobs number. What we saw was a 7 and a half percent annual rate wage increase for the month. A 6% wage increase for the last three months and a 5% increase for the year. So it's high and it's rising. And the labor market is strong and we're still in unprecedented territory in terms of the gap between vacancies and jobs. And I think that what that's got to tell you is that we got a long way to go to get an inflation down where the fed has said that it wants it to be. We don't know where this is, how this is all going to play out, but for my money, the best single measure of core underlying inflation is to look at wages. And I think what this is telling us is that the feds got a long way to go. So how is that going to happen? I mean, we heard Jay Powell talk about the jolts numbers, for example. So we've got a big gap between the people trying to get people to work and the people actually working. As long as you have that, you've got this pressure. He said, we've got to get demand down so that it, in fact, we are not seeking as many people in the workforce. But how does they get done? It's not getting done yet. It's not getting done yet, and what that says is we're probably going to need increases in interest rates. I suspect they're going to need more increases in interest rates than the market is now judging or then they're now saying every time they revise their forecast of inflation up and they regard revised their forecast of ultimate unemployment up as well. And gosh, we've all been at the airport and they say it's leaving at 7 30 and then they say it's leaving at 8 30 and then they say it's leaving at 9 30 and when I see that happen I think it's leaving at 11 and it's something like that with these economic forecasts. So I hope I'm wrong but my sense is that inflation is going to be a little more sustained than what people are looking for and my sense of also is that it's much harder than many people think to achieve a soft landing because there are all these mechanisms that kick in at a certain point consumers run out of their savings and then you have a wily coyote kind of moment where consumption falls off. At a certain point people start putting their houses on the market and then you see house prices falling and then other people rush to put them on the market. At a certain point you see credit drying up and when credit dries up, people can't pay back their old borrowing. So there is this proposition. We've talked about it before on the show, David. It's called psalms rule. It says that when the unemployment rate goes up by half a percent, it goes up by more than 2%. And that's because once you get into a negative situation, there's an avalanche aspect. And I think we have a real risk that that's going to happen at some point. So where do you think the terminal rate is now? Look, I've been saying that relative to the 5 that's priced into the market, a little below 5. I think that's got to be low or likely to be low because I always try to look for possible errors and four seems almost impossible and 6 is certainly a scenario we can write. And that tells me that 5 is not a good best guess for where it's going to be. And that was former treasury secretary Larry summers speaking with David Westin on Bloomberg's Wall Street week. You can catch the full interview on our weekly Wall Street week podcast. Right now, S&P futures are down 15 points. Dow futures are lower by a 124. NASDAQ futures down 26 points, the ten year treasury is down 6 30 seconds. The yield close to 3.51%. Up next this morning's top stories, plus your local headlines, but

Michael Barr Bloomberg Raphael Warnock urschel walker Nathan Hager treasury Jay Powell Federal Reserve Michael Larry summers niners David west islanders
"bloomberg david west" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:31 min | Last week

"bloomberg david west" Discussed on Bloomberg Radio New York

"Wake up and text text and eat. Text and catch the bus. Text and miss your stop. Text and be late to work. Sorry. Text and work. Text and pretend to work. Text and X surprised when someone calls you out for not working. Who me? Text and meet up with a friend you haven't seen in forever. Hi. Oh, hey. Text and complain that they're on their phone the whole time. Text and listen to them complain that you're on your phone the whole time. Ugh. Text in whatever. But when you get behind the wheel, give your phone to a passenger. Put it in the glove box. Just don't text and drive. Visit stop texts, stop Rex dot org. A public service announcement brought to you by the national highway traffic safety administration and the ad council. The balance of power. It's always shifting. What is a sensible economic policy with this split Congress? What are the chances we actually are in a session? Just don't know it. Track each transformation with Bloomberg's David west to should we increase the military support to Ukraine. From politics and government to markets in the economy. The tug of war between inflation and rate hike Bloomberg balance of power with David Weston. Weekdays at noon eastern. The debt ceiling is a lot of talk about that. On Bloomberg radio, the Bloomberg business app and Bloomberg radio dot com. What is dedication? The thing that drives me every day is a dad, is

"bloomberg david west" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:47 min | 2 weeks ago

"bloomberg david west" Discussed on Bloomberg Radio New York

"Is Bloomberg. The battle. Shop Macy's Black Friday specials and find epic deals on gifts they'll love now while supplies last, like 40% off head to toe Levi's for men, women and kids. 70% off gold earrings, bracelets and Bengals, and the ninja professional blender just 79 95. Plus, get free curbside pickup or pick up in store today at Macy's. Details at Macy's dot com slash pickup. Savings off sale and clearance prices exclusions apply. It's always shifting. What is a sensible economic policy with this split Congress? What are the chances we actually are in a recession, just don't know it. Track each transformation with Bloomberg's David west to should we increase the military support to Ukraine from politics and government to markets in the economy. The tug of war between inflation and rate hikes Bloomberg down into power with David Weston. The debt ceiling there's a lot of talk about that. On Bloomberg radio, the Bloomberg business app and Bloomberg radio dot com. What is dedication? My daughter is biological and my son is adopted. I love them both so much from the morning when you wake up to putting them to bed at night and every moment in between. I think parents job is to protect our children, but also prepare them for the world, so they become good, kind, human beings. That's dedication. Find out more at fatherhood dot gov. Brought to you by the U.S. Department of Health and Human Services and the ad council. There's so much news happening around the world that were somehow supposed to stay on top of. That's why we launched the big take. It's a daily podcast from Bloomberg and iHeartRadio that turns down the volume of

"bloomberg david west" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

07:17 min | 2 weeks ago

"bloomberg david west" Discussed on Bloomberg Radio New York

"The balance of power. It's always shifting. What is a sensible economic policy with this split Congress? What are the chances we actually are in a recession just don't know it. Track each transformation with Bloomberg's David west to should we increase the military support to Ukraine. From politics and government to markets in the economy. The tug of war between inflation and rate hikes Bloomberg battle to power with David Weston. The debt ceiling, there's a lot of talk about that. On Bloomberg radio, the Bloomberg business app and Bloomberg radio dot com. Iran and Russia are reportedly finalizing a deal to build hundreds of weaponized drones. This news comes as the war in Ukraine is nearing the 9 month Mark. The Washington Post reports that the deal was reached earlier this month, and that the transfer of designs and components is already underway. Former president Trump is ripping the appointment of a special counsel to investigate his handling of classified documents. Speaking in Palm Beach last night, Trump called it a horrendous abuse of power. This horrendous abuse of power is the latest in a long series of witch hunts. Former federal prosecutor Jack Smith has been appointed to oversee the investigation. Wedding bells were ringing at The White House today. President Biden's granddaughter Naomi tied the knot with fiance Peter Neal in a private ceremony on the south lawn. Naomi is the 28 year old daughter of Hunter Biden and his ex-wife Kathleen. The wedding comes a day before President Biden marks his 80th birthday as the oldest president in the nation's history. That's the latest I'm Julie Ryan. And I'm Susanna Palmer in the Bloomberg newsroom. Police say a 73 year old man was attacked with his own cane this morning aboard a subway train on the upper west side. Cops say the man was on a southbound one train near Broadway in 96th street around three 30. The victim was taken to the hospital with bruises and swelling. The suspect had got off the train at Broadway in 96 and ran away. Two people have died after extreme like effect snow slammed the buffalo area yesterday bringing several feet of snow with it. And it was just like boom, where'd we get this from? Officials warn a lot more could be on the way before the weekend ends. Areas of western New York are being buried under more than 5 feet of snow. Gateway, the program for a new rail tunnel between New York and New Jersey has taken a step forward toward becoming reality, more from Bloomberg's Charlie pellet. It's sponsor has asked to enter the engineering phase moving the project closer to receiving a federal grant to help finance the Hudson River connection. The proposal submitted by the gateway development commission to the federal transit administration means the U.S. agency will consider providing 6 and a half $1 billion of the project has long been considered essential to easing delays out of northeast corridor choke point. Bloomberg's Charlie pellet. Well, don't look for any CBS News tweets in the foreseeable future. Variety says the network's news division is halting activity on Twitter due to Elon Musk's moves following his $44 billion acquisition of Twitter. CBS's decision comes more than three weeks after Musk took over the company, which has seen its employee base shrink to about 33% of its former size. Roughly 1200 Twitter employees quit Thursday after refusing to agree to Musk's demand they work long hours at high intensity. Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries. I'm Susanna Palmer. This is Bloomberg. This is Bloomberg law with June grosso from Bloomberg radio. We acknowledge that we have made mistakes in the past from which we've learned and improved our privacy program. We must clearly explain how our products use personal information and provide easy to find user friendly controls to manage privacy. Google's chief privacy officer, Keith Ann Wright, testified on Capitol Hill four years ago, over concerns about how his company tracks consumer data. Now, Google has agreed to pay up for its controversial location tracking practices in the largest multi state privacy settlement in U.S. history. Google will pay nearly $392 million in a settlement with 40 states over allegations that the company secretly tracked users movements and provided the data to advertisers for years, even after consumers had turned off the location tracking feature. Location history has become a particularly sensitive topic following the Supreme Court decision overturning the right to abortion amid fears that prosecutors could use such data to track women's movements to enforce state abortion bans. Joining me is Eric Goldman, a professor at Santa Clara university law school, and co director of the high-tech law institute. How big a deal is this settlement? I mean, it's basically $10 million for each of 40 states. The settlement itself is important in showing how the attorney generals are actively looking to redress privacy invasion. The grand scheme of things, however, it's probably not as big of a deal as people might expect, both a dollar amount is not a huge deal for Google, but also the way in which it's likely to change through the lives. It's going to be actually quite muted. Tell us what Google was accused of in this lawsuit. Google was accused of mishandling location information. This is about where people are at a specific period of time. And Google was accused of continuing to record location information even when people asked them not to. And in general, the way it worked, there were various details. But the main aspect is that Google had several different ways of configuring the options. And so even if people turned off location information in one option, there might have been other options that they also need to turn off. And then Google is also alleged to be tracking it even if people were told they would never be tracking location information. So Google was effectively alleged to be lying to consumers about when it was collecting location information. Google says that it stopped that practice. Is there any question that they've stopped that practice? I have no reason to believe that they continue to practice their alleged to be engaged in. But we really don't understand all the different things Google is doing. So they might be doing something else that's very that we don't really know. But the attorney generals have identified a specific things they wanted to Google to fix. I'm going to assume that Google either fixed it or stopped it. As part of the deal, Google also agreed to significantly improve its location tracking disclosures and use a control starting next year. I have to say, I find turning off location tracking confusing and frustrating, because if you turn it off completely, then you can't use it for Google Maps or whatever. But if you don't turn it off, do your risk them tracking you when you don't want them to. June, I really hit the on the head that location information is a valuable resource that we want some services to use in certain circumstances. Because it literally makes our lives better and helps

Bloomberg President Biden Susanna Palmer Charlie pellet Google David Weston Peter Neal Hunter Biden Trump Julie Ryan Ukraine Naomi gateway development commission David west Musk Jack Smith
"bloomberg david west" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:45 min | 3 months ago

"bloomberg david west" Discussed on Bloomberg Radio New York

"Nancy Lyon. She's out of Washington D.C.. We're going to roll the national news Nancy. Thanks, Paul. A portion of the FBI affidavit justifying a search of former president Trump's Florida home will be released to the public. Bloomberg's Washington correspondent Joe Matthew has more on the latest developments. We had a noon deadline today for the Department of Justice to provide its sealed redacted version of this search warrant at noon tomorrow we'll have another deadline in which it will be unsealed. We don't know exactly what is going to begin this. The magistrate judge Reinhardt had said at one point that they weren't sure that it was even worth releasing because the redactions could be so broad that we're going to be sitting down looking at a lot of blank pages. Bloomberg's Joe Matthew says the judge has accepted the Justice Department's request to keep secret the identity of witnesses, law enforcement agents, people who have not been charged, grand jury information, as well as details about the investigations, strategy, direction, scope, sources, and methods. Three days after announcing he is leaving government work, White House chief medical adviser Anthony Fauci admits, he thought the U.S. would have moved past the COVID-19 pandemic after the first year of the Biden administration. But the disruption is lingered longer than he anticipated. In an interview today with Bloomberg's David west and Fauci reflected on the changing political landscape. The country has come to a state where even politicians are saying things that are triggering thoughts of violence and harassment against me. And my family, but that's just the state of our nation. I accept that. I don't like it. Fauci denies those threats are what prompted him to step down. Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700

Joe Matthew Nancy Lyon Washington D.C. president Trump Bloomberg Department of Justice FBI Reinhardt Nancy COVID Biden administration Paul Florida Washington Anthony Fauci Fauci David west White House U.S.
"bloomberg david west" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:28 min | 4 months ago

"bloomberg david west" Discussed on Bloomberg Radio New York

"Around the world, John. The house January 6th committee laid out a nearly minute by minute case last night that former president Trump allowed the violence of the capital unfold despite pleas from his closest inner circle to call it off and concede the election. Here's the committee vice chair Liz Cheney. Donald Trump made a purposeful choice to violate his oath of office. To ignore the ongoing violence against law enforcement to threaten our constitutional order. There is no way to excuse that behavior. It was indefensible. Vice chair Liz Cheney. Sports, baseball back following the old star game, Yankees get swept by the Astros in a double header, a split a twin bill with a tigers the Giants fall to the Dodgers 9 to 6. Global news 24 hours a day on air and on Bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. I'm John Tucker. This is Bloomberg, Nathan. All right, John, thank you 6 19 on Wall Street live from the Bloomberg interactive broker studios. This is a Bloomberg day break. We want to bring you now a conversation with Bank of America chairman and CEO Brian moynihan. He spoke with Bloomberg's David west and on a range of economic topics, moynahan says the fed has a tough job and a lot of work ahead to tame inflation amid a strong economy and consumer. Moynihan Weston also talked about Bank of America's recent earnings and overall performance. In 2022, let's listen into some of that interview now. Flat is one thing when it comes to inflation down is another. And one of the questions is, even when we peaked and start to come down, how fast is it likely to come down? Forget about the end of 2022. What about the end of 2023? What is your team Candace on the other say about where they think inflation will be at the end of 2023? Well, they think they think that recession then inflation will calm down. And by the end of 23, you're starting to work your way back up to the 2% type of growth rate and I say so I think they have 1% toward the end of 23, if I remember right, but still under trend growth. And so it's still recovering. And so that means that they see inflation having tipped over enough that the fed then pulls back on rates a little bit. So they have rates actually their rate structure actually the fed funds rate actually comes back down a hair towards the end of next year. But it's relatively the same. Brian is a practical matter of different kinds of different things. Do we need to get federal funds rate significantly above the rate of inflation in order to really get an inflation under control? Do we need a positive real yield? Well, that's what they should say to change the dynamic of going on. But I think a lot of this is all different. And David, look, in our customer bases, it's just a different time. And everybody says it's time is different and all the things that go on in life. But it really is unusual to have consumers have the amount of money they have to spend still in their accounts to be spending at the level they're spending above the rate of inflation and have wage growth and unemployment so low. I think it's just different because in prior economic changes, there wasn't the type of new job destruction of lack of new jobs going on. New claims for unemployment are still 230,000 on a weekly basis. They are like three to 400,000 before the last recession. That difference is also on a probably 15, 20% larger workforce. So a lot of the statistics that are relevant in the past just aren't relevant because the amount of stimulus went on unusualness of the pandemic. The Russia invasion of Ukraine. These are circumstances which the typical ebbs and flows of economic debate don't take into account. So I think a lot of it has to be thought through really in the hand to hand combat day to today combat. What's going on, what's the data say, what's going on as opposed to some theoretical construct. And that's where the economists are struggling because it really is different in terms of what got us here was a pandemic. The economy is moving along fine and what got us here was a pandemic. And what got us out of it was huge stimulus by the administrations and Congress and monetary accommodations around the world. And now we're just having to correct that and pull it back out of the system to let the economy get back to normal driven by the free market and things like that. So Brian, how's this affect Bank of America? You had earnings out earlier this week, strong earnings, I think everyone would agree on of two when it comes to things like deposits and lending. How was the way you look at this economy? With some of the conflicting data points, actually, you suggest. How is it affecting Bank of America? We had a good second quarter. Earned 73 cents a share. Had loan growth had deposit growth deposits were down year over year they grew year over year loans grew a $120 billion year over year deposits grew. But the core thing that we're doing a Bank of America is for the organic growth engine has kicked back in. So we are selling in the consumer franchise the same number of products across all those wonderful customer base we have as we did pre-pandemic that work we do with our local market teams working together Marcus to get business. That's all and so we feel good about that. The second thing we feel good about is credit quality is very strong still. So our charge doesn't went up a little bit, but most of us do it on fundamental stuff. Basically charge offs are very good credits and very good shape. Charge offs are low. The consumers about half of what they were pre-pandemic in terms of correlate rate of charge offs, 900 to 500 type of numbers. So that's a good shape. And then the major thing we have is operating leverage. Our revenue is growing faster than our expenses for the fourth quarter in a row. We had 5 years of that before the pandemic, the pandemic obviously changed that around. But we got expenses of revenue growth 6% year over year expenses grew one and a half percent or so. And that's four and a half percent operating leverage in our big platform. That's a lot of profit. So what we call our PP and R pre profit without taking the credit because we had a big reserve at least last year was up 20% year over 15% year over year, which is very strong. And that means the core business is operating well. And that was Bank of America's CEO Brian moynihan speaking with Bloomberg's David west and you can catch more of their conversation online at Bloomberg dot com or on the Bloomberg terminal. S&P futures right now down 12 points, Dow futures down 15 NASDAQ futures are lower by 75 points. Ten year treasury is up 1530 seconds. The yield 2.81% yield on the two year 3.03%. Still ahead, the latest from the January 6th committee and snap shares plunge after earnings disappointment 5 things you need to know to start your day just ahead on

Liz Cheney Bank of America Bloomberg Brian moynihan Bloomberg interactive broker s Moynihan Weston fed John Tucker David west moynahan Donald Trump John Astros Trump Dodgers Candace Yankees
"bloomberg david west" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:36 min | 8 months ago

"bloomberg david west" Discussed on Bloomberg Radio New York

"Is serving to hold down oil prices I think gas prices peaked in now come down some from their peak We're working very diligently on supply chain issues to get our ports working better and we're doing what we can to bring down inflation so that's very important We're reexamining carefully trade strategy with respect to China and I think it's worth considering we certainly want to do what we can to address inflation and there would be some desirable effects It's something we're looking at That was US Treasury secretary Janet Yellen catching up with Bloomberg's David west and of course David host of balance of power on Bloomberg radio and Bloomberg TV You can check out more of that interview at Bloomberg dot com also catch it on Wall Street week with David over the weekend What's interesting and I kind of left it out going into it but David I believe gets into it in that conversation is that I mentioned the G 20 finance ministers and Central Bank chiefs that have been meeting in Washington this week And at one session treasury secretary Janet Yellen led a partial walkout from a session that featured Russian officials in protest over their inclusion given Moscow's invasion of Ukraine So a meeting world leader so much top of mind and of course the war certainly front and center too Yeah a lot of interesting I don't even want to call them tidbits but headlines come in from David's interview with a US Treasury treasury secretary Janet Yellen She did suggest that the U.S. is open to scaling back the widespread Trump there are tariffs on merchandise imports to help provide Americans relief from the fastest inflation in four decades She did say were reexamining carefully our trade strategy with respect to China It's worth considering we certainly don't want to do what we can we certainly do want to do what we can do to address inflation and there would be some desirable effects It's something we're taking a look at Yeah I mean the administration looking at so many different things when it comes to those higher prices are out there We've seen that certainly with the release of strategic reserves and that is certainly helped out against to some extent the energy markets here in the U.S. Yeah we note in our Bloomberg news story that the Peterson institute for international economics last month estimated that eliminating a wide array of those Trump era tariffs including those on Chinese goods it could reduce inflation by 1.3% That's pretty significant That would bring it down Still high but would bring it down a lot All right catch David's interview on Wall Street week and also on the Bloomberg terminal You are listening to Bloomberg business week Carol master Tim steinbeck right here on Bloomberg Well let's get to world of.

Janet Yellen US Treasury David Bloomberg radio US Treasury treasury China Bloomberg treasury Moscow Ukraine Washington U.S. Peterson institute for interna Bloomberg news Tim steinbeck Carol
"bloomberg david west" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:49 min | 1 year ago

"bloomberg david west" Discussed on Bloomberg Radio New York

"Live from the Bloomberg interactor burker studios is his Bloomberg day break for Friday December 10th 2021 coming up this hour Investors race for a key reading on inflation COVID threatens the holiday season as cases and hospitalizations climb Congress takes another step to avert a government default Broadcom in Oracle rally on earnings And Elon Musk on logs more shares of Tesla New York City lawmakers pass a bill giving non citizens the right to vote plus and a fuel scored rules against Donald Trump to block documents I'm Michael barner or ahead The Vikings meet the Steelers and other home loss for the islanders and an amazing win for Rutgers That's all straight ahead on Bloomberg daybreak on Bloomberg 11 three O New York Bloomberg 99 one Washington D.C. Bloomberg one O 6 one Boston Bloomberg 9 67 Francisco Syria's XM one 19 and around the world on Bloomberg radio dot com and via the Bloomberg business act Good morning I'm Nathan Hager And I'm Karen Moscow and you are stuck index futures are higher this morning We're coming up to 5 O one on Wall Street and we check the markets every 15 minutes throughout the trading day on Bloomberg Right now S&P futures are up 13 points down futures up 50 NASDAQ futures up 54 The Dax in Germany's down three tenths of a percent The ten year treasury down three 30 seconds he had 1.50% yield on the two year .71% Nathan Karen we begin with today's key reading on inflation Economists predict consumer prices rose at an annual rate of 6.8% in November and as Bloomberg's Michael McKee reports it could serve as a wake up call for the Federal Reserve If the CPI comes in as forecast it will be the highest reading in almost 40 years What scares analysts is the probability that it's more than just COVID related price increases In October a third of all categories registered monthly inflation above 1% That's pushed the fed to suggest it will taper its QE bond buying more quickly in case it has to raise rates to tamp down on inflation Economists are paying close attention to housing costs which are based on home rental prices rents have been skyrocketing but that hasn't been reflected in the CPI yet Michael McKee Bloomberg daybreak All right Michael thank you While The White House remains confident that high inflation will be short lived commerce secretary Gina raimondo says it should abate one supply chain disruptions ease which she's already seeing in areas like computer chips We're definitely not out of the Woods yet although I would say there is progress being made This is an enormously complex area There are hundreds of different kinds of chips And I was just in Detroit a week ago talking to auto companies and they will tell you things were a little better And Conor secretary general raimondo says The White House is deploying solutions for supply chain issues and labor shortages They include investment in ports new job training and increasing employment for women by expanding child care access Supply chain issues and inflation are also front and center for corporate America Bank of America's CEO Brian moynihan says reigning in prices will be hard work We have inflation That's actually not the debate Another question is how do you spring it back in And so if you think about economy going to 5 and a half to 6% this year 4% next year low fours next year and 2% in 23 The goal was to glide into that trend growth rate without causing a recession And that's the hard work of the transition monetary policy It has to go on now Bank of America's CEO Brian moynihan spoke with Bloomberg's David west and also outlined expansion for the bank Moynihan says he's hiring thousands of employees this quarter and investing heavily in talent headed into the new year Stay tuned for more of that conversation coming up shortly We now turn to.

Michael McKee Bloomberg interactor burker st Michael barner Washington D.C. Nathan Hager Karen Moscow Bloomberg Nathan Karen Elon Musk Broadcom Donald Trump fed Rutgers islanders Gina raimondo Steelers
"bloomberg david west" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:16 min | 1 year ago

"bloomberg david west" Discussed on Bloomberg Radio New York

"Week podcast with Carol messer and Bloomberg quick takes ten of them What is an apple developed car look like The days breaking global business finance and tech news along with smart analysis This stock has been on a tear The Bloomberg business we podcast We just get like 20 seconds from you on Bitcoin Listen today on Bloomberg radio dot com the Bloomberg business app or subscribe on Apple podcast The markets in focus every business day The Bloomberg markets podcast with Paul Sweeney and Matt Miller Are there some sectors that you want to have more or less exposure to We've got a vaccinate the whole world of Melissa of the day's Wall Street action What's the thought on apple here from Bloomberg intelligence Bloomberg opinion and influencer newsmaker The bond market was the boss Bloomberg markets with most Winnie and Beth Miller subscribe to Dan Bloomberg radio dot com The Bloomberg business app or iTunes Before and after the pandemic Is it driven by politics or by science Then maybe how we keep track of our lives from here on out What do you think the political effects of that impatience will be And through it all there's been Bloomberg If we begin on Capitol Hill the most accurate business world and healthcare news before and after The fundamentals do not justify this price action Bloomberg radio the Bloomberg business app and Bloomberg radio dot com Bloomberg the world is listening Would you say it's more important to gather information fast or to have it first or to be the most accurate They can really move the needle when it comes to programs The level of support you get from companies for this What if you don't have to choose It also has a Norse importance for the labor market How do they get ahead of different administrations We see this move towards digital currencies Bloomberg radio the Bloomberg business app and Bloomberg radio dot com Bloomberg the world is listening Rising cases are guaranteed in the coming days as the highly mutated variant It's begun spreading in the community That is according to President Biden's top medical adviser Anthony Fauci He spoke to Bloomberg's David west and on Friday But they're getting more and more information and two fronts One is what the profile of people who are getting infected In other words we're trying to find out if there's any degree or not of protection whether or not you're unvaccinated versus vaccinated versus having been previously affect infected So that's going to be very relevant because the ultimate question that's going to be important for us here in the United States is if you have been vaccinated and boosted given the mutations that this new variant has what is the chance of protection against infection and if not infection against severe disease leading to hospitalization So we're learning about the severity of the infection and the profile of the people who are getting infected As you well know we are starting to see cases literally every few hours to a day or two in the United States And as we approach the weekend we're going to probably see more and more Because once it is here there's no way that you're not going to see more and more cases The real question is in the fact that we have a background of delta variant which is very dominant and is essentially pushed all the other variants off the board where is a going to be in relationship to Delta Will it take off and become the dominant variant Or will it essentially get a bit smothered by Delta the way all the other variants the only way we're going to know that is to wait and see And that's exactly what we're doing But we are getting important information from our colleagues in South Africa I have a Zoom call with them tomorrow morning So we should get another update in the morning So let me ask one question specifically about South Africa There's some information coming out of South Africa that the number of cases is going up which is not a surprise The number of hospitalizations I believe is not going up certainly as dramatically Should we read anything into that or is it possible that it's just a matter of a delay a lag as it were I think the latter in order to get a feel for the relationship between infection a high degree of symptomatology hospitalization and ultimately death You've got to have a lot of patients get infected and you've got to follow them for at least several weeks So although it is encouraging that they're not seeing any concerning signal like all of a sudden a lot more hospitalizations that is comforting but it isn't definitive We really need to wait until a lot more people are recognized and identified to get infected to be able to make any determination about the degree of severity Doctor Fauci if we go all the way back to Monday a whole 5 days ago now when we saw you with President Biden what do we know differently.

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"bloomberg david west" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:22 min | 1 year ago

"bloomberg david west" Discussed on Bloomberg Radio New York

"About three hours away from the open of U.S. trading Let's get you up to date in the news you need to know what this shower Global stocks are falling as warnings on the Omni Kron very in get louder Moderna says several mutations in this strain could help it evade current vaccines We spoke with Moderna cofounder nubar of fan The number of variations mutations on this virus are surprising And so we have to take it for a serious threat that it poses And Moderna cofounder nubar affair and spoke with Bloomberg's Emily Chang echoing comments at CEO Stefan bonsall made to the Financial Times overnight It says Moderna could have a new vaccine ready early next year Karen And so does Pfizer CEO Albert bola says his company could have a new shot ready by March We have very high level of confidence that we will have it ready within hundred days We have very high level of confidence that we can manufacture it by billions Pfizer CEO Albert bolos spoke with Bloomberg's David west and he says we should know in two to three weeks whether current vaccines hold up against the omicron variant Well on Capitol Hill today Nathan testimony from Janet Yellen and Jay Powell takes on a new meaning in the face of the omicron variant Powell is warning about the new strain saying it poses a risk to the economy and adds uncertainty over inflation The treasury secretary and fed share answer questions from the Senate banking committee starting at ten a.m. Eastern Time and we bring it to you live on Bloomberg radio Okay so Powell faces the Senate today and the house tomorrow after that he could be back on Capitol Hill again in a few weeks Bloomberg's John Tucker joins us live to explain Good morning John Nathan it looks like the Senate is moving at the timeline on a confirmation hearing for J pal and lael brainard The Senate banking committee chairman sheriff Brown wants to move quickly on the matter Brown says he'll comply with a rule that confirmation hearings come at least two weeks after The White House sends the Senate paperwork He's confident that both pal and brandard will be confirmed by the full Senate President Biden also plans to announce a pick for vice chair for supervision and two other open seats on the board of governors in early December Live in New York I'm John Tucker Bloomberg daybreak All right John thank you Right now S&P futures are down 43 points down futures down 407 NASDAQ futures down 80 The ten year treasury is up 1730 seconds the yield 1.43% yield on the two year .46 Nymex crude down 2.4% or 1.7 at 68 25 a barrel comics gold up 6 tenths percent at 1796 70 an ounce the Euro 1.1356 against the dollar in the yen one 12.90 Straight ahead your latest local headlines into check of sports This is Bloomberg 6 33 on Wall Street where 32° in Central Park and dealing with an accident on South Bend New York State through way after the sawmill Michael Barr is here with more on what's going on in New York and around the world Good morning Michael Good morning Nathan New York governor Cathy helical said during her COVID briefing yesterday of the state is preparing for a surge of cases and hospitals with limited capacity and staff Beginning on December 3rd Elective procedures at these short staff hospitals will cease and will reassess that again January 15th Governor oka also urged indoor mask wearing The governor declared a state of emergency Friday New York mayor Bill de Blasio says as of now there are no home acron cases in the city The mayor says though it is very likely there will be Everyone focus together on getting all the facts about a Macron and making decisions based on the data and the science Now everyone knows there's still a lot of information we need and that will take days or even a few weeks to come in But we're going to be in a very vigilant state in the meantime and taking any and all actions as we get facts to support them Mayor de Blasio also said at his media briefing that 88% of New Yorkers have received at least one dose of the vaccine In New Jersey governor Phil Murphy says that labs in the state are ready for what's being called the inevitable discovery of the variant in the U.S. The team at the Department of Health is prepared to quickly identify omicron through both PCR testing and virus sequencing processes and protocols in partnership with the CDC Governor Murphy says the state is still registering well more than a thousand new confirmed cases a day The sex trafficking trial of Ghislaine Maxwell got underway yesterday in New York City She is accused of recruiting and grooming underage girls for Jeffrey Epstein to abuse Epstein died in jail in 2019 while awaiting trial on sex abuse charges The prosecuted charge that Maxwell traded on the trust she earned from the girls even being in the room when Epstein abused them but the defense question the memories of Maxwell's accusers portraying Maxwell as a government scapegoat for the Rio criminal Epstein himself Atlanta voters today are deciding a mayoral runoff between city council president Felicia Moore and fellow council member Andre Dickens Current mayor Keisha Lance bottoms is not seeking a second term Global news 24 hours a day on air and on Bloomberg quick take powered by more than 2700 journalists and analysts more than a 120 countries I'm Michael Barr in this is Bloomberg Nathan Thank you Michael.

Moderna Bloomberg Senate banking committee Omni Kron Senate nubar Emily Chang CEO Stefan bonsall Albert bola John Tucker Albert bolos Janet Yellen Pfizer Jay Powell Capitol Hill John Nathan lael brainard sheriff Brown New York Powell
"bloomberg david west" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:56 min | 1 year ago

"bloomberg david west" Discussed on Bloomberg Radio New York

"Ghislaine Maxwell I'm like you are more ahead Another stunning coaching move in college football and Matt Scherzer is now a high paid member of the mess That's all straight ahead on Bloomberg daybreak on Bloomberg 11 three O New York Bloomberg 99 one Washington D.C. Bloomberg one O 6 one Boston Bloomberg 9 60 San Francisco Syria's XM one 19 and around the world on Bloomberg radio dot com and via the Bloomberg business act And good morning I'm Karen Moscow I'm Nathan Hager Bloomberg daybreak Bronte by B and my melons Pershing learned why the world's most sophisticated wealth management and institutional firms rely on Persian to help them improve profitability create efficiency attract talent and manage risk at Pershing dot com And global stocks are falling hard this morning 6 O one on Wall Street we check the markets every 15 minutes throughout the trading day on Bloomberg S&P future is down 43 points Now futures down 413 and NASDAQ futures down 74 The Dax in Germany is down one and a third percent The ten year treasury up 1930 seconds yield 1.43% they yield on the two year .46% Oil down 2.7% on a dollar 89 at 68.6 a barrel and comics gold is up 7 10% or $13 at 1798 20 announce Nathan Karen warnings on the omicron variant are getting louder this morning and new vaccines could be in the offing Moderna says several mutations in this strain could help it evade current shots We spoke with Moderna cofounder newborn fan This threat is something that we have not seen before The number of variations mutations on this virus are surprising they're not theoretically impossible but extremely rare And so we have to take it for a serious threat that it poses Moderna cofounder newborn Fein spoke with Bloomberg exem Lee Chang echoing comments that CEO Stefan bonsell made to the Financial Times overnight They both say a new vaccine could be ready early next year Well Nathan Pfizer is laying out a similar timeline if the only crime variant is able to elude its current shot CEO Albert borla says a new vaccine could be ready by March We have already lost Friday started process of developing a tail of main vaccine but not only we have very high level of confidence that we will have it ready within hundred days But we have very high level of confidence that we can manufacture it by billions even Adviser CEO Albert borla spoke with Bloomberg's David west and he says we should know in two to three weeks whether current vaccines hold up against the omicron variant As a frenzy over this new strain take soft care and President Biden is urging a level headed approach This variant is a cause for concern not a cause for panic The president says current vaccines are still the best protection against COVID-19 he does not believe new shots will be necessary Still he is working with Pfizer Moderna and Johnson & Johnson on contingency plans In the event hopefully unlikely that updated vaccinations or boosters are needed to respond in this new variant we will accelerate their development and deployment with every available tool President Biden says he will not order new lockdowns or shutdowns in response to the omicron variant Meantime Nathan the CDC is now recommending booster shots for all people 18 and older Previous guidance said adults may get the shot now the agency says they should The head of the CDC says the new variant further emphasizes the importance of vaccines All right let's turn to Capitol Hill now Karen where testimony from Janet Yellen and Jay Powell takes on new importance in the face of omikron The treasury secretary and fed share answer questions from the Senate banking committee today starting at ten a.m. Eastern Time We'll bring it to you live on Bloomberg radio but first let's get a preview from Bloomberg's.

Bloomberg Moderna Ghislaine Maxwell Matt Scherzer Washington D.C. Karen Moscow Nathan Hager Bloomberg daybreak Bronte Bloomberg S Nathan Karen newborn Fein Lee Chang CEO Stefan bonsell President Biden
"bloomberg david west" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:11 min | 1 year ago

"bloomberg david west" Discussed on Bloomberg Radio New York

"Our vaccine I think that that's something that we were knowing a couple of weeks And I don't expect in many scenario to be that we don't protect at all Actually that's extreme maximum like I think it could be anything from the protection remains very high to the protection is reduced It's not 95 It is 7% for a time And the third is that we need to know It is if this virus can escape that antiviral effect of the treatment that you have antibodies you have the executables and now we have an oral field Again the expectations of what it is that for the oral appeal which is our field I don't expect that the virus will escape the antiviral effectiveness The build the molecule was designed with that in mind It was designed to be able to maintain efficacy while the variance of art the wild the value the variant the virus mutates And this is why we chose them to mechanism that doesn't depend on the spike and mutation from the spine But attacking something with the virus needs to replicate It's called proclaims We are keeping a protest which has nothing to do with this fight And by the way this protest the virus needs it It's very vital So it's very difficult for the virus to develop a variant that while you that doesn't need that protein that we are inhibited So with all of the mind I think our people will work very very very So we are waiting to see if the virus escapes The protection of our vaccine after booster dose which would be very difficult but we need to check it We have already lost Friday started the process of developing a tailored mate Vaccine but not only we have very high level of confidence that we will have within hundred days But we have very high level of confidence that we can manufacture it by billions of needs And that's Pfizer CEO Albert borla weighing in on concerns over the new omikron variant of COVID-19 You can catch that full interview with Bloomberg's David west and plus the conversation with Moderna cofounder nubar a fan online at Bloomberg dot com Concerns over omikron certainly taking hold in markets this morning it is risk off with S&P futures down 55 points now down futures down 510 points NASDAQ futures lower by a hundred points The ten year treasury is up 22 30 seconds at the yield 1.42% yield on the two year .46% and nymex crude is down 2.6% at $68 ten cents a barrel Stay with us We're going to get more on the market reaction to these new warnings about omikron and how the new strain could factor into today's testimony on Capitol Hill with fed show J pal and treasury secretary.

Albert borla nubar Bloomberg omikron David west Moderna Pfizer treasury Capitol Hill
"bloomberg david west" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:29 min | 1 year ago

"bloomberg david west" Discussed on Bloomberg Radio New York

"Mean yeah if you're thinking about General Electric talking about companies Yes talking about companies not couples GE Johnson Johnson Right And toshiba but Johnson & Johnson right we were just talking about with Cynthia coons We know GE split into three J&J now splitting off its consumer division And we've seen that among the drug makers who are really focusing on I guess what some would say the higher profit pharmaceutical area All right let's get to it and let's bring in our guest We're going to do that in just a moment But first let's talk about a guess that joined David Weston earlier on Bloomberg television and radio J&J CEO allis Alex gorsky who talked about the thinking behind the breakup at J&J Both of these businesses have the potential to be growing at least mid single digits and above going forward And we think this is going to better position our consumer business in this evolving environment that I mentioned earlier to be even more agile more flexible and even more innovative to reach more consumers around the world And then of course is Johnson & Johnson CEO Alex gorsky talking earlier with Bloomberg's David west and let's get to it and find out a little bit more analysis on this deal Bloomberg news health team editor John laraman with us on the phone from Boston So John we just got off talking with Cynthia coons about another story that's in business week magazine this week But we did ask her about J&J she's like what took them so long That it just made more sense to be divided into two What's your take and what are you hearing about this breakup I happen to be here I have to agree with Cynthia Obviously there's a company a 130 years old The conglomerate business model has been good for them for a long time But it was good for Pfizer It was good for all of these other companies Novartis a big drug maker that had big consumer divisions glaxo as well Shedding them now And the reason that they're doing it is because you make a lot more money off of drugs than you do often consumer products And it's worthwhile to focus your efforts there because you could make big money I think a lot of these companies really kind of looked at the way that AstraZeneca went heavily into New drug research Particularly in the cancer field cancer after COVID shops now biggest market regards in the world And these are difficult drugs to produce they take a lot of concentrations a lot of competition and a lot of deal making ability to do that And JJ I think is saying you know it's time for us to really kind of grow up and really start doing our homework in the drug development area John we know that the company has come out and said this is not about the numerous lawsuits over It's the allegations that it's baby powder caused ovarian cancer But I think for a lot of people listening a lot of people in our audience it's hard to separate those things Does this have anything to do with the lawsuits that J&J has faced Well the company is saying that it doesn't And I guess we just have to take that it takes value At the same time this isn't going to hurt at all If they're lucrative drug making business is not connected to their lawsuit bound consumer division then that just looks so much JJ has sort of spent the day kind of selling the profitability the prospects of the consumer division But I think what we all know what everybody has their eyes on is what the future of this pharma company And I think what they're trying to do or at least the net effect of this is going to be to shield it from a lot of liability As you know J&J is already taken all those lawsuits created division which is put into bankruptcy in an effort to try to Shield the company And that's still tied up in litigation that they work that may not work But this particular maneuver has a lot of promise behind it Yeah I also do wonder no it is interesting It does feel like two John that we're increasingly in an investment environment where companies really want to understand what the core business is And focus on it And see a company just kind of focus their efforts on it And as part of that too maybe what they were hearing from the investment world Let's just break it apart so that we can really get some true value here I mean I know that's what the CEO talked about But maybe there is something to that Well we do live in this rapidly changing environment It's going by so quickly we sort of forget about it sometimes This is an environment where there is constant new discoveries not just in biomedicine But just in terms of technology all kinds of technology right And it takes a lot to understand It takes a lot of the master I think companies investors in conglomerates may see their value being surpassed by people who just sit down and design a few apps and really get to understand a particular area that's extremely extremely profitable So I think you're absolutely right There is a benefit to being single minded right now because there's so much out there to understand and how to profit off of it Okay so we've talked about the investor side of things What about the consumer side of things Consumers are going to see any difference And I do even hesitate to ask that question because I think a lot of times consumers who don't necessarily know where their products are coming from don't actually know what company owns what products expect Wants to know am I going to be able to get those neutrogena like skin cream Baby shampoo No more No right Yeah My wife has already started calling them Johnson & Johnson & Johnson So I don't know You look different that way But these are brands that have worked for the public for years and years And they haven't stopped working yet And I have to think that there's we'll see very little the continuity there is going to be extremely large.

Cynthia coons J Bloomberg television Johnson & Johnson David Weston allis Alex gorsky GE CEO Alex gorsky John laraman Johnson Johnson David west John toshiba glaxo cancer Novartis Bloomberg AstraZeneca Cynthia Pfizer
"bloomberg david west" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:40 min | 1 year ago

"bloomberg david west" Discussed on Bloomberg Radio New York

"Stock index future is treading water this morning NASDAQ futures though they're falling It is currently 6 O one on Wall Street and we check the markets every 15 minutes throughout the trading day on Bloomberg Right now NASDAQ futures are down about 28 points S&P and Dow futures are pretty much little changed The Dax in Germany is up half The ten year treasury up on 32nd yield 1.55% They yield on the two year .47% Nymex screwed oil is down a tenth of a percent or ten cents at $83 95 cents a barrel Nathan Karen we begin in Washington That's where House speaker Nancy Pelosi plans to vote this week on President Biden's economic agenda But she's getting pushback from West Virginia democratic senator Joe Manchin He wants a detailed analysis on the plan's cost and economic impact I will not support the reconciliation legislation without knowing how the bill will impact our debt and our economy in our country We won't know that until we work through the text Senator Manchin is one of two key holdouts needed to secure the deal but deputy treasury secretary Wally is pushing back The president's framework does satisfy sender mansion and understand that he wants to read the legislation that is written based on that framework When you look at the framework it includes fully paying for the legislation using tax increases on the wealthy and on corporations deputy treasury secretary while the Audi amo made the comments in an interview with Bloomberg's David West End adios says the president's plan will not add to the nation's debt While Democrats debate here at home Nathan President Biden is at the cop 26 summit in Glasgow He's announcing plans for an assault on methane today with initiatives across the globe to keep the gas from escaping landfills oil wells and.

Nathan Karen House speaker Nancy Pelosi President Biden senator Joe Manchin Senator Manchin treasury secretary Wally Germany West Virginia Washington David West End adios amo Nathan President Biden treasury Audi Bloomberg
"bloomberg david west" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:54 min | 1 year ago

"bloomberg david west" Discussed on Bloomberg Radio New York

"I'm Karen Moscow and U.S. stock index futures are lower this morning We're coming up to 5 O one on Wall Street and we check the markets every 15 minutes throughout the trading day on Bloomberg S&P futures down a 6 point down futures down 41 and NASDAQ futures down 33 The decks in Germany is a four tenths of upper set Ten year treasury up one 32nd the yield 1.55% the yield on the two year .47% Nymex screwed oil is a little changed at four cents at 84.9 cents a barrel Comics gold as little change at 1795.7 cents an ounce The Euro this morning at 1.1588 against the dollar British bound 1.3630 and they ended one 13.51 Nathan Karen we begin in Washington where House speaker Nancy Pelosi plans to vote this week on President Biden's economic agenda But she's getting pushed back from West Virginia democratic senator Joe Manchin He wants a detailed analysis on the plan's cost and economic impact I will not support the reconciliation legislation without knowing how the bill will impact our debt in our economy in our country We won't know that until we work through the text Senator Manchin is one of two key holdouts needed to secure the deal but deputy treasury secretary Wally is pushing back The president's framework does satisfy senator mansion I understand that he wants to read the legislation that is written based on that framework When you look at the framework it includes fully paying for the legislation using tax increases on the wealthy and on corporations deputy treasury secretary Wally adima made the comments in an interview with Bloomberg David west and says the president's plan will not add to the nation's debt But while Democrats debate here at home Nathan President Biden is at the cop 26 summit in Glasgow He's announcing plans for an assault on methane today with initiatives across the globe to keep the gas from escaping landfills oil wells and.

Karen Moscow Nathan Karen President Biden senator Joe Manchin Senator Manchin Bloomberg treasury secretary Wally Nancy Pelosi Germany U.S. West Virginia Wally adima Washington Bloomberg David west Nathan President Biden
"bloomberg david west" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:43 min | 1 year ago

"bloomberg david west" Discussed on Bloomberg Radio New York

"A barrel of my two cents. I'm Charlie Pellet that Jack there's a Bloomberg business Flash. All right. Thank you, Charlie. I am Jack Fitzpatrick. We've got Kevin Walling and Rick Davis here now. The big news we got earlier today was President Joe Biden will meet with Russian President Vladimir Putin in a meeting that was in the making for a little while. June 15th and 16th in Geneva, Switzerland. Other piece of news on that is that Biden will raise the issue of what has happened in Belarus with the detainment of a dissident who was on a flight going over Belarus that was forced to land in Minsk. Uh, now before we get to the whole conversation of how these things tie together at a time when yes, by the way, Secretary of State Anthony Blinken is on a Middle East tour, trying to address everything that has happened in Israel between Israel and Palestine. Let's hear from Senate Intelligence Committee Chairman Mark Warner, who spoke earlier today with Bloomberg's David West and About this upcoming meeting between Biden and Putin and about Belarus hears the sound on that. I think it's outrageous. You know, you've got a third country plane, with Ryan air flying from one NATO city to another NATO city and this plane in a sense being hijacked. I think this goes at the heart of whether the West as a as a whole is going to stand up to Russia. Obviously, the Belarus administration is the only reason that President still Sitting there is because of support from Putin. We've seen dramatic pushback against his autocratic tendencies in the streets of Minsk in for a number of months, but Putin again supports and repressive regimes in his neighborhood and frankly around the world, and I think we need to stand up against this. This cannot be Condoned or acceptable, and I think it's appropriate that the EU and others ought to be taking Western aircraft out of Belarus airspace and for that matter, cutting back on Belarus flights into NATO or Western countries. President Biden has confirmed that he will have a summit meeting now with President Putin in the middle of June over in Geneva, Switzerland. Is that wise as I think it's important that we we sit down and talk with our adversaries, but let's not Forget for a moment that Putin has two goals one to constantly and he's done a pretty good job of this show disruption in the West and undermine America on one level because that's kind of the basis of his foreign policy. But it's also a way for him to point out to the people of Russia. Hey, these democracies don't work, the more he can undermine. Democracy throughout the West. It strengthens his domestic position. And as we've seen with some of the protests around, Mr Navalny, you know there is there are a great number of particularly younger Russians who are upset with them. Putin's policies so well. I think it's important that President Biden talked with him. I think we need to go in with a realistic I not the kind of rose colored glasses that Trump had. Mean Trump managed to trash virtually every political leader in the world and in our country, the only person he never said a bad word about was Vladimir Putin. I think Joe Biden needs to go in with a much more honest assessment, recognizing that Russia continues to try to undermine our system and our democracy in a variety of ways. All right. There's a lot of information there. Let me start with the obvious question. Because this is this is gonna be big news in the middle of June. The meeting between Biden and Putin. Rick, what's on your radar? What do you think the top priorities would be there? And what do your expectations for that meeting? You know, I think one of the top things and fallen off the radar screen since last week, But, you know, cyber security is going to be one of the very hot topics. Russia has basically created a global Terror group around cyber that they either sponsor or host. And, you know, we don't have to look far from the incursions out of Russia by a private group. Who helped ransom our energy supply An East coast for for a week s O. I think that's one. I think that two troops massing on the border of Ukraine. I mean, like, we're not paying much attention to this. But like for weeks on end, there have been huge amounts of troop movements on the border of you cane destabilizing the Ukrainian government. Which is probably their intent, but doing it relatively under the cloud of all these other controversies, And then when you look at Aziz Aziz Senator Mark Warner pointed out all the The adventurism by Vladimir Putin and support of people like Belarus is Lukashenko and the repression and things they're doing to their own. Communities. I think that human rights is going to be a big issue because it's not just happening in places like mints. It's happening in in Moscow, too, and this repression is exactly what most dictators uses sort of right out of their tool kit of staying in power. Right, So there's a really good points and it's honestly a little bizarre, almost house. Such important things can feel like they've gone a bit under the radar. The Ukraine the troops massing near Ukraine in particular. I mean, we all remember 2014. This is a very significant kind of threat from Russia. Kevin, Are we missing anything? What is what is on your radar. What? Your expectations for this Biden Putin meeting in June. Yeah, it's a great question. I completely agree with break in terms of the focus on hacking cyber security, not just hacking of our elections in our democracy, but also the solar wind. Tak. You saw the bite administration respond with increased sanctions in April, probably one of the lowest points we've seen in terms of our bilateral relationship with Russia and our ambassadors coming home, not being recalled, but obviously coming home for consultation. But this meeting falls right after the president's first international trip to the G seven to the NATO summit, so he will be meeting with our allies in the region directly before meeting with Putin in Geneva as you point out, But I think it's certainly gonna be focusing on the cyber security realm. Ah, little bit probably on negotiations around where they start treaty goes from there. That was one of the interesting thing. Come out this in the first weeks of the Biden administration and five year increasing that I'll just say the point of personal privilege. This is one of these times and there are many that I wish Ricks former boss is still with US Senator John McCain because he was such an expert on this region, and we could certainly neat use his insights right now in terms of not just Russia, but also this former Soviet bloc.

Vladimir Putin Jack Fitzpatrick Joe Biden Kevin Walling Rick Davis Trump Charlie Pellet Charlie Putin April Rick Minsk David West Kevin Navalny Geneva June 15th June Senate Intelligence Committee Moscow
"bloomberg david west" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:39 min | 2 years ago

"bloomberg david west" Discussed on Bloomberg Radio New York

"Pandemic effect on air travel. With quarterly results from JetBlue and other big airline I made Korean W. W. J in Detroit. I'm reporting Ford will start making an all electric Mustang in China. Man. Those are some of the stories are 2700. Bloomberg journalists and analysts working on this morning around the world Now is lawmakers in Washington haggle over stimulus spending. Bank of America CEO Brian Moynahan says any measure needs to be targeted. He spoke with Bloomberg's David Westin, and here's what he had to say He's stimulus dollars can be spent much more precise, and I need the last Case was a good one. In that it went unemployment to the unemployment. Some supplement their this $600 under 75,000. Those air those air, good items and future similar sodomy. Likewise scared because otherwise you gets diminishing returns and then you have the issue. How you pay for long term and The issue of whether it creates inflation. But there's a lot of pent up savings and we expect a good second half the year now. It's just Miss Take everybody makes is they talk about all the economic snake. Forget there's one simple question. Which is we have to win the war on the virus, and right now we're going in with a much better. It's situation from a fight and that we have this vaccine and this vaccine is going into people's arms, and that then changes the course this and yet that's still out there. But that's a life in a tunnel that wasn't here this year last year in the summer and spank of America's CEO Brian Monahan, speaking with Bloomberg's David West, and when it comes to that vaccine effort, the U. S has administered more than 25 million shots. You can keep track on the vaccine tracker. Online at Bloomberg. Calm this, his Bloomberg That's it. It's a new year and with T Mobile..

Bloomberg CEO David Westin Brian Moynahan Ford Brian Monahan Detroit Mustang JetBlue Bank of America China T Mobile W. W. J America Washington David West U. S