35 Burst results for "Bloomberg Dot"
With Ant's IPO on hold, China emphasizes need for fintech regulation
"A's chief Fintech officer Nelson Chao, about the delay and about initiatives to regulate the booming fintech. Mark. If you look at this kind of big attack of They have been here for quite a while. They have attained the SPF license back in 2016. They've also be granted a license for the virtual bank. I think they will continue to be to still need to settle the trade on payment is one important part here. Maurin views like this one on Bloomberg television streaming live on Bloomberg dot com and on the Bloomberg mobile APP or check your local cable
Bill Gates questions FDA's credibility on COVID-19 vaccine
"Bloomberg dot com, Also in Bloomberg dot com. Let's hear a piece of another big interview from the Green Festival. It's with Microsoft founder and billionaire philanthropist Bill Gate, He chatted with our own. Erik Schatzker, Bloomberg's editor at large part of This festival. In this excerpt, Gates talks about politicizing Cove in 19 treatments and vaccines. Check it out. President Trump has made no secret of his desire to see a covert 19 vaccine soon. Ideally before the November election. How worried are you bill that the approval process is being hijacked by politics. Well, that would be a tragedy and any suggestion that I know politicians, you know, helped create the vaccine, or it's faster because of a politician is a very dangerous thing. You know, we saw with the completely bungled plasma. Statements that you know when you start pressuring people, Teo say, optimistic things. They go completely off the rails. And so the FDA lost a lot of credibility there. No, thank goodness the company's heir, saying that the FDA is open mindedness toe be asked for emergency use license before there's efficacy data. They're not going to seek that that shortcut. Do you still trust the FDA? I think in the FDA, there's a lot of professionals. Historically, just like the CDC was viewed as the best in the world. The FDA have that same reputation is a top notch regulator. But you know, there's been some cracks with some of the things they've said at the commissioner level. Hopefully, the staff
Travel to Alabama
"Welcome traveler I'm your host Chris Christensen just see if we don't deliver on that word epic that I put in the intro. We've got lots to talk about as we talk about Alabama. I'd like to welcome the show. Larry Beiber who is a freelance travel, writer and editor also has his own website at Larry Bloomberg. Dot Com, and also at civil rights travel dot com, and he's come to talk to us about Alabama Larry Welcome to the show. Let's great to be here, Chris. This is a show that is about a year and a half in the making at least not with Larry. We just got him involved recently, but I've done three trips to Alabama last year and a half and had been really wanting to do a show about it. But I really wanted to do it with somebody who knew more about Alabama than I did and Larry. You've lived in Alabama for eleven years. I, think. We say that's right over a decade. And you came there to work a job in the travel magazine industry at. At coastal living, which was based here as is southern living in cooking, light and a lot of other magazines. Why should somebody go to Alabama? There's lots of reasons and I think the place to start is that most people don't know about Alabama? They they know. Their stereotypes there's. There's what they've heard over the years, but the truth is the south remains one of the most colorful and least understood parts of the country and the best way to learn about. It is to go there, and it's easy. It's easy to do and this I. Think will turn People's view under head. It's the center of Civil Rights History which I think. A lot of people know in the best way to understand that as visit the sites where these famed events happened. But it's also got incredible food. One of the most vibrant food scenes in the country right now mountains in some of the best beaches in the country, if not the world, which again does not fit that stereotype that people have the deep south well. I'm going to be one of those people that admits that I Alabama was something like my forty seventh state to go to or something like that, and it was kept to the last somewhat because I grew up in the sixties, and my picture of Alabama was what I saw on the nightly news. It was that troubled. Civil Rights history that we talk about which we can. Celebrate what happened now and and what went on, but it was kind of tough to watch it all going on at the time, and that colored my views of Alabama for pope. And I have fallen in love with the state here in the last trips that I've gone through and a little surprised to say that because I didn't really expect to. But what would you recommend for an itinerary for Alabama? Alabama literally goes from the mountains to the seas in I I would start just for simplicity's sake in the north. In Huntsville and in the Florence area where you will see incredible NASA rocket history because I was intrical part of the NASA system, the NASA development and then. Some a rock and roll shrine in the muscle shoals hall of fame, and then down to Birmingham where you do find that civil rights history where a lot of those disturbing images happen half a century ago. Frankly and now it's one of the most vibrant food scenes in the country and a place. That really has a buzz to it. There's a lot of new parks architecture. There's a lot of people they may be. Decades ago would have left to go off to find their fortune in New York or Los Angeles. And now they're staying there and creating some wonderful things and then I. go down to Montgomery with the state capital. Eight incredible new memorial is just open. I don't know if you've seen that. The equal justice just there. The Lynching Memorial, which I was told by an architecture critic, maybe the most important memorial in this country in the decade. Right up there with the Vietnam war memorial to the victims of lynching very sobering in your face, challenging kind of place, then go out to places I don't think are as much on the radar for people as far as Alabama mobile is a surprise mobile I call the little easy, because it's a lot like New Orleans, but it's tiny. It's much easier to navigate in. It's a lot of fun and then down to this beautiful beautiful Gulf. Shore beaches, the white sands, sugar sand beaches that I literally I been in Borussia of all places in the Indian Ocean on the beaches, and I came to the Gulf coast the next month. For some reason, it just worked out in the Gulf coast. Beaches were better than what I had seen in the Indian. Ocean Sept-. Beautiful I will back you up on that end in both a surprise part and the beautiful part. That will give you a good week from north the sound that
Episode 2 - 16:00 07-07-2020 16:00 - burst 1
"The. World Twenty, four hours a day Bloomberg dot com on the Bloomberg business APP and Bloomberg quick tape. This is Bloomberg radio. Bronco Book World Headquarters I'm Charlie Pellett. It was a down day on wall. Street. Stocks slumped airlines and hotels particularly hard hit amid signs. World economy has a long way to go to get back on track sound of the closing bell at the New York Stock Exchange. Almost four shares fell on the S. and P. Five hundred index for everyone the gained the tech heavy Nasdaq gauges dropped from a record intra-day high in the afternoon, a losing session there at or near session lows as he slumped thirty four points down one point one percent Nasdaq retreating from yesterday's record down eighty nine points a drop of nine tenths of one percent, the dow down. Three hundred ninety, six points, Dow one and a half percent. Lot of those losses really coming in the past fifteen minutes of trading the tenure of twelve thirty seconds with a yield point six, three percent gold up twelve dollars the ounce up seven tenths of one percents seventeen, ninety, seven, the ounce and West Texas intermediate crude down seven tenths of one percent, forty dollars and thirty five cents a barrel lot of concerns about the US economy and the potential rebound as four that rebound and how long it might take Mad Hannah's portfolio manager with summit global investments. He was our guest moments ago right here on Bloomberg BusinessWeek. We all hope for shape recovery by. History doesn't early provide from such a recovery for campus even at Bogor. Financial Crisis took five years to go from ten percent unemployment to six percent You know we're sitting at
- burst 2 expanded at beginning
"Twenty four hours a day bloomberg dot com on the bloomberg business app and bloomberg. Quick tape this is bloomberg radio world headquarters. I'm charlie pellett. It was a down day on wall street. Stocks slumped airlines and hotels particularly hard hit amid signs world. Economy has a long way to go to get back on track. Sound of the closing bell at the new york. Stock exchange almost four shares fell on the s. and p. five hundred index for. Everyone the gained the tech. Heavy nasdaq gauges dropped from a record. Intra-day high in the afternoon a losing session there at or near the session lows as he slumped thirty four points down one point. One percent nasdaq retreating from yesterday's record. Down eighty nine points a drop of nine tenths of one percent. The dow down three hundred ninety six points dow one and a half percent lot of those losses. Really coming in the past fifteen minutes of trading the tenure of twelve thirty seconds with a yield point six three percent. Gold up twelve dollars. The ounce up seven tenths of one percents seventeen ninety seven the ounce and west texas intermediate crude down seven tenths of one percent forty dollars and thirty five cents a barrel lot of concerns about the us economy and the potential rebound as. Four that rebound. And how long it might take mad. Hannah's portfolio manager with summit global investments. He was our guest ago. Right here on bloomberg
Airbnb Gets Boost As Domestic Rentals Surge
"Course tourism is big business in Maine and the state plans to quadruple its corona virus testing capacity during peak tourist season which would be next month and all across the country CBS news correspondent Peter king tells us there are some indications that the travel industry is making a comeback Airbnb is among several vacation rental companies reporting increases in enquiries and bookings company CEO tells Bloomberg dot com that long planned long term vacation seem to be out more impulsive bookings in with long weekends sometimes becoming longer vacations this after months of people tired of being stuck at home here in Florida ban on vacation rentals ended a week ago for most counties and with central Florida theme parks reopening industry experts expect demand to
Saudi Aramco profit falls 25% but dividend in line with planned payout for year
"M. oil declined as al circulated over Saudi Arabia's ability to implement additional pledged production cuts the kingdom says it will pump seven and a half million barrels a day next month about a million barrels below it's official opened plus output target and the lowest level for eighteen years as discussed this with the nasdaq senior energy director Tom R. as in our Tom are great to have you back so we have seen the rise in oil prices in the regular New York session but then those gains being raised what does this tell us about how big the supply glut is at the moment and how much Saudi Arabia's latest moves could help I I think that the market was a little taken aback by Saudi's announcement today we're only eleven days into what led the historic agreement in terms of the duration and the degree of class and already they're cutting further so it was sort of a negative indicator in terms of a weaker that they're seeing on the demand side more broadly I do think that the oil fundamentals are improving a little bit from a low base and we see that reflected in the price you know what I am quite a bit over the last couple sessions although not today I think that the compliant being brain games you're more interviews like this one on Bloomberg television streaming live on Bloomberg dot com and on the Bloomberg mobile app or check your local cable listings market headline breaking news twenty four hours a day at work dot com business please visit Bloomberg business slash and I'm here in Moscow U. S. stock index futures are edging higher this morning European stocks gaining this as investors take in stride an uptick in corona virus infections in several nations and signs of fresh trade tension oil is advancing we check the markets every fifteen minutes throughout the trading day on Bloomberg S. and P. futures up about eleven points Dow futures of a hundred sixteen nasdaq futures up thirty two attacks in Germany is up three tenths of a percent ten year treasury that'll change your point seven zero percent the yield on the two year point one seven percent NYMEX crude oil is up almost five percent of a dollar nineteen to twenty five thirty three a barrel comics gold is a half percent or eight dollars thirty cents at seventeen oh six ten an ounce the euro one point oh eight
"bloomberg dot" Discussed on Bloomberg Radio New York
"The Bloomberg dot com the Bloomberg business this is a Bloomberg business world headquarters on Charlie peloton number of after the bell headlines including a deal involving Gilly at sciences potential deal there are also warnings out of the army but let's recap the day on Wall Street first the Dow the S. and P. nasdaq all plunging today stocks falling the most since August two thousand eleven all about the coronavirus S. and P. five hundred index down one hundred thirty seven points a drop of four point four percent the Dow Jones industrial average down one thousand one hundred ninety points that was a drop of four point four percent and nasdaq down four hundred fourteen points a decline there of four point six percent in the year to date column on the Bloomberg the S. and P. five hundred index so far this year almost the final trading day of February the S. and P. is down seven point eight percent after the bell beyond meat forecast net revenue for twenty twenty the guidance two point nine percent above the average analyst estimate that the full meat maker also reported fourth quarter sales of beef the highest estimate for right now as we sort through the report looking beyond meat shares are plunging they are now lower by eleven point four percent and an earlier headline for the Bloomberg professional service Gilly and sciences approach to cancer therapy company forty seven ink with a takeover offer Gilley AT and forty seven cents to be discussing a number of options including a partnership again developing story stay with Bloomberg for the very latest recapping stocks plunge again S. and P. down one hundred thirty seven points lower by four point four percent and that's a Bloomberg business slash Charlie thanks so much you're listening to Bloomberg business week right here on Bloomberg radio.
"bloomberg dot" Discussed on Bloomberg Radio New York
"Wilson at Bloomberg dot net that's D. Wilson at Bloomberg dot net I also do feel like this is something we've heard from a fair amount of gas that if you look at what's going on the U. S. versus other parts of the world right that it it just makes sense that this is where they were if you have to make a choice and you have to put money to work certainly on the equity side of things this is where you do it that has been the tendency of the last year yeah there's no question you we've seen the U. S. economy hold up relatively well we've seen certainly your coupons you know you haven't had the negative deals that you've seen in Europe and elsewhere so you know what we're seeing at this point is kind of more of the same when you look at where stocks may be headed in that said you know this week if nothing else give you some reason for pause across the board all right so Dave Wilson and I we didn't get a chance to talk about song was that was that I haven't a little hard time here was that Aerosmith India was well done Jason home tonight excellent which really well the lady of staying home right that's the idea I'm not a player Wilson thought about the song and tied it to his chart funny how that works right mazing it did yesterday but I saved it for today all right good stuff as always Bloomberg dot com is stable so have a back of it later on with the stock of the day we do have a down day market will get back to the markets in a moment let's get though I check on both the national news headlines with Bob mood well health officials are concerned that China's coronavirus or cope with nineteen is spreading from person to person even if those people don't have any direct or indirect connection to the epicenter of the disease in China Dr Nancy Meissonier with the centers for disease control and prevention elaborated in a teleconference with reporters today something known as community spread is the increasing concern here at home she's urging Americans to brace for the real threat of disruptions to daily life we are putting our concerns to work preparing and now is the time for businesses hospitals community school and everyday people to begin repairing as well more than twenty five hundred people have died from the virus worldwide but no deaths have occurred in the U. S. president trump says Harvey Weinstein's conviction for rape and sexual assault is a great thing trump calls it of great victory for women that sends a very strong message to the me too movement against that kind of behavior toward women he also sought to use Weinstein's conviction to gain political points telling reporters in New Delhi he was never a fan unlike Democrats little item with the Democrats the Michelle Obama love to love to hello and he gave tremendous money to the Democrats and I guess my question is will the Democrats be asking for that money back trump himself stands accused of sexually inappropriate behavior by more than a dozen women when he was a private citizen trump has denied those allegations global news twenty four hours a day on air and on QuickTake by Bloomberg powered by more than twenty seven hundred journalists and analysts in more than a hundred twenty countries involved why his J..
Bloomberg wins the 1st precinct in New Hampshire's primary
"He's not even on the ballot the billionaire Michael Bloomberg was the surprise winner in Dixville notch New Hampshire which traditionally cast the first ballots in the state's first in the nation presidential primary with just five registered voters though Bloomberg dot to write in votes on the democratic ballot and one on the Republican ballot president trump got none president Joe Casey I think New Hampshire voters or maybe Dick's told reporters in particular Hey you know having an independent streak in thing for themselves and kind of you know vote their mind
"bloomberg dot" Discussed on Bloomberg Radio New York
"Day at Bloomberg dot com this app and on quick take by Bloomberg news Bloomberg radio now on global news update is January screening passengers from China I'm Christopher Cruz tough weather in two thirds of the country today affecting a hundred eighteen million people National Weather Service meteorologist Frank Perera says more than half a foot of snow has already fallen in the Midwest the report on the order of three to five inches of snow across portions of Illinois that increases your complimentary totals for the to the north across portions of Minnesota National Weather Service forecaster Billboard off says this might be a good day to stay indoors had widespread totals of four seven inches across the southern half of Minnesota was slightly lighter amounts across the northern house overnight we've had persistent freezing drizzle which is resulted in just under a quarter inch of ice after the storm moves out bitter cold will movie in the U. S. centers for disease control and prevention says it will immediately begin screening airline passengers from central China for a new virus that's making people sick people traveling from war Han China will have their temperature checked in we'll be asked about symptoms the newly identified virus emerging China last month that has been linked to deaths says Beijing correspondent David Colbert at least three other cases have surfaced outside of China one in Japan and to now confirmed and Thailand local health officials in Thailand tell CNN the discovery was made following heightened screens rather at airports world health organisation is warning that the onus could spread and is a learning hospitals world wide police are increasingly worried that a gathering of gun rights supporters planned for Monday in the capital of Virginia Richmond could turn violent Thursday three members of a white supremacist group planning to attend the gathering were arrested on federal gun charges and yesterday in Georgia three more men with links to the group were arrested and charged with conspiring to commit murder former Walmart CEO David glasses died from complications of pneumonia he was eighty four one Christopher Cruz thinking about life insurance what if you could make one free phone call and learn your best price from nearly a dozen highly rated price competitive companies well that's exactly what happens when you call select quote life for example George is forty he was getting sky high quotes from other companies because it takes minutes to control his blood pressure but when I shopped around I found him a ten year five hundred thousand dollar policy for under twenty five dollars a month I'm select quote agent dance aveeno and believe me if select quote is in shopping for your life insurance you're probably paying too much for your free quote call eight hundred two four four sixty sixty eight hundred two four four sixty sixty eight hundred two four four sixty sixty four go to select quote dot com since nineteen eighty five we shop you save is full details on the example policy it's local dot com slash commercials are priced very depending on your health insurance company the fact is not available in all states fewer people consider vaccinations.
"bloomberg dot" Discussed on Bloomberg Radio New York
"Day at Bloomberg dot com the Bloomberg business this is a Bloomberg business Bloomberg world headquarters I'm Charlie Pellett we've got thirty minutes to go ahead of the closing bell with the dial the S. and P. and nasdaq they're all pushing higher on this Wednesday here with the S. and P. right now higher little changed on track for a record close up by two points that's a gain of less than one tenth of one percent the Dow up one point has been swinging between gains and losses was on the minus side very briefly but up now by one point we've got the nasdaq composite index up fourteen that's a gain of two tenths of one percent tendered on eleven thirty seconds your right now one point nine two percent gold lower little changed sixty one cents the ounce at fourteen seventy five West Texas intermediate crude also little changed down now by one cent recapping stocks a record S. and P. pushing higher up now by two points sign Charlie palette and that is a Bloomberg business flash yeah but you let me drive I wanted to hide the driver of the it is time for the drive to the clothes now back with this via phone technology is CEO and portfolio manager of Hodges funds he oversees about.
Noah Feldman on impeachment
"The phone no thanks so much for joining us again compelling testimony by you and your fellow professors last week just give us your sense your take away of the testimony my takeaway is that we laid out a clear case for why the framers wanted impeachment to exist at all namely to deal with a situation where a president distorted the use of his office were ultimately purposes if you don't like reelection that we talked about what high crimes and misdemeanors really are that they are in essence he'd use of office and we suggested that if you believe the stuff you can watch it on TV and reading about it if you believe that the allegations against president trump are accurate then it would follow that impeachment would be appropriate do you feel like you were speaking into an empty vacuum that basically the only people who would hear you I would be people who agreed with you and everybody else you are going to convince I really hope not you know I think it may be that sometimes in places where people are obsessed with the impeachment they think they know all the details and they formed years already which is fine but in most of the country I think there's still a lot of people who are trying to figure out exactly what's going on who are busy people with jobs alive who haven't been obsessively focused on this until now and so with any luck with this provided was just a clear statement of why it's worthwhile to take it so seriously why it's appropriate to take up valuable time of the American people want on this issue and I think you know about my sense at least from the mail and social media contacts and get connections that I'm getting there are people who were glad to hear it laid out simply and quickly so no way yeah I think the consensus is that the house will likely vote for impeachment it will then go to the Senate and then go along party lines if a Republican senator the votes not to move forward with it is that senator saying that he or she does not believe that there were people fences despite what you're saying and some others are saying these really are impeachable offenses well that they're two things at the center could be saying one would be I think these things are in principle impeachable but I don't believe that the president did them and little hard to believe that someone would have that you've given how overwhelming evidence is but maybe somebody would think that maybe they'll say that and you know if that's the case or not you know I mean whether you believe the evidence or not is very much a question of individual credibility determination the other day they could be saying as you say is that they think it's fine for the present United States to go out and use the office of the presidency to try to get personal advantage in an election do investigations some of our country of his opponent and I would be really sad if any member of the Senate believe that that was not impeachable conduct because it's just so clear from what the framers set and it's also just even if you leave the farmers out of it just so obvious that that's the kind of conduct we can't tolerate a president because it distorts reelection and so I really hope that no senator wouldn't would vote not to impede and you know we'll talk with the president on that basis there's an interesting legal question here I and and your prefer your perfect to weigh in on this justice Roberts it would be the third justice to preside over an impeachment trial in the U. S. Senate if it gets there he is overseeing the Senate he is the first who has openly clashed with the president who is potentially going to be impeached we think he's going to do if this comes to pass this is Robert is someone who throughout his career has shown up very very deep commitment to protecting the legitimacy of the Supreme Court by making sure that it's not partisan now the court of course the ideological different people on the court after completes including Chief Justice Roberts there's a difference between being ideological which means you have values and ideas and affect you and being partisan which means you do what the political party to your silly it with wants you to do and I think he will bend over backwards to make sure that he is not part of that in anyway I think you will try very hard to be as objective as he can be I would add that his powers are somewhat limited most things the Chief Justice does an impeachment hearing could be overturned by a bare majority of the Senate on a vote so he makes a decision on say an evidence question the Senate could vote to override at any moment so one thing you could do is if there's anything really controversial he just turned to the senators and say okay you guys both on and I'm not even gonna make this decision and have you over will make and that would be one way for him to stay out of the cross hairs of a partisan fight that was Bloomberg pinion colonists Noah Feldman you can read more on this and other stories from Bloomberg opinion at Bloomberg dot com slash opinion and on the terminal by typing OPI and
Stung by WeWork, SoftBank boss Son aims to be more cautious
"We're joined by opinion columnist Tim cult than Tim's been writing about we were being more black swan then unicorn for softbank and Tim you're saying that softbank probably won't have the same sort of to Bakul anytime soon and you're saying it's not because Masayoshi son has learned his lesson it's more about the mass intriguing Senor cult band yeah so basically if you go back to the concept of a black swan Nassim Nicholas talent right about it you know back in around twenty seven dot two thousand seven he talks about them is highly improbable events with extreme impacts so that's really what we're talking about when we talk about blacks one event the reason why it's unlikely to happen again is because we work in terms of both size as in the amount of money they put into it which is ten point five billion dollars or more prior to the collapse I should say and the scale they already owned about thirty percent now they own eighty percent but even back then there and around thirty percent there is nothing else in a portfolio that comes close they do have five DD the Chinese right having company they've also got by dense the Chinese streaming company and they have grab holdings which is the southeast Asian right having company they're they're about as close as they get to what we work wise but there's still a lot smaller so basically if even if any of these other three investments I have went to zero it still wouldn't match the amount of rice off that softbank and the vision fund faced with the we work right off so that's really what I mean in that it won't be repeated because there's just nothing around that is that B. or which they have such a large exposure to so it just seems that the best idea is to find the best ideas and get in early yeah that's basically what you know the vision fund was supposed to be that's what venture capital investing is supposed to be about but you know the the flip side to this is that a fed board into we work and it did go really big or even some of the other lodges shock you know unicorns that they have such as grapple by dental or DD if they go big could then take you get some really big returns from them however they've got you know eighty eight companies in the portfolio each one has an investment of around about a billion dollars from from softbank H. I mean that's the average the some with a lot more money from softbank some with a lot less and so what we going to see I think with the vision fund is set up a huge a few big home runs were gonna see if you it's basically going to have to get home with singles and doubles because they're not gonna be huge home runs of just after the I. cumulate tion of of little wins that will get the vision fund to some really large returns so are you expecting for this last sort of twelve billion you mention that eighty five billions already invested and goes up to around a hundred to a call and ninety seven two hundred billion hot with that they'll be really careful and really cautious with these next three think they'll they'll still be quite sort of free wheeling well I think the side of the finals ten to twelve billion they've got left is basically a marked only for follow on investment side they've basically admitted they will and this is what they've stated publicly just a few days ago that the investment period for the fund has close that means no new investment so what's left in the fund will go to the following investment for existing companies that they've already invested or it will go towards essentially paying the coupons and incentives they need to pay in the fund a lot of people forget that around about forty percent of the fund is actually raise through preferred equity which they have to pay a seven percent coupon on so they have to pay about three billion dollars a year every single year to those investors and they need to make sure they have the cash to do it so I think some of the money Nicholas and the phone will be for that just briefly you know the stocks up three point eight percent today it felt a little bit yesterday after the earnings but people still believe in this guide yeah you know people still believe in in Tesla to and a lot of other companies that don't make any money or have a struggle with profits and and track record you know if you're buying into softbank then you're buying into massive massive she son if you believe in myself you son then you bite if you no longer believe in you gonna sell it really comes down to that it's really so simple all right Bloomberg opinion columnist him cope and thanks very much you can read more on this and other stories on Bloomberg opinion at Bloomberg dot com slash opinion and on the terminal by typing OPI and
"bloomberg dot" Discussed on WAFS Biz 1190
"Wednesday may be heading. on the street actor. intelligence. radio. this is a world where you can buy anything ship. anyone anywhere twenty four hours a day in the old days it was simple it should go for your business news to for you in terms of the headlines here what odds do you give a shared European budget in the next decade. or what acts on did wrong and what. Bloomberg radio Bloomberg business. radio dot com. the world is listening. are you interested in a challenging and exciting career one where you can be part of solving complex challenges across industries and geographies. ever expanding technology data news and media services. our clients over nearly limitless opportunities for career. Bloomberg dot com slash careers to view our current job opportunities. he is an equal opportunity employer. and as Bloomberg dot com slash. Bloomberg business of sports. where the money is flowing inside sports. the marketing. dollars. team owners. Michael bars names and ours is a multi billion dollar industry. the National Hockey League commissioner. listen today on Bloomberg dot com the. apple podcasts. time now for African focus each week we hone.
Opioid Crisis Squeezes Last Air Out of a Stock Bubble
"The check in with Bloomberg opinion were joined by opinion columnist Max Neeson who's writing about the threat of losses from opioid litigation accelerating the decline of specialty generic drug makers Max this column is so timely because this afternoon it was announced that Mallinckrodt agreed to pay twenty four million in cash and donate six million in generics products to resolve track one opioid cases in just two Ohio counties tell us about that and how that fits in yeah absolutely so this is this does resolve the sort of nearest her threat for for mount credits a trial that was set to happen in October and isn't trials especially for for something like this that has a a liability really unknown size tends to make investors really nervous so so this resolution even though it comes at a substantial financial cost is probably of a near term benefit for from our growth but you know that stock is still treating under two dollars a share which I think shows you the extent to which these liabilities are still unknown for the company and given its balance sheet which is especially robust obviously you you have a something that investors are reluctant to depend on this is the set any sort of president at all the official hill it's it's too early to say these you know these are two very significant counties it's it's it's hi goods Cleveland. yeah that that's been hit hard by the opioid crisis by you know every county is gonna be different in terms of what they're seeking how aggressive there prosecutors are how how extensive the crisis and also you know we we still aren't sure how many of these suits are going to be on the county level as opposed to states for example the last speaks the last big payout or to Japan we saw was in Oklahoma who is a state wide case so it's still they're still just you know thousands more of these things to work out which is why I think although this is incremental positive really long way to go for from note caught in other companies are exposed. explain it D. the theory of your columns that the way that these opioid companies a specialty companies have have dropped in value because of all the litigation and uncertainties yes so this is kind of one of the the really big an interesting stories of the past I guess half decade or so and in the pharmaceutical industry these are a group of companies that for a period in time were incredibly high you saw hedge funds pouring pouring money into these stocks are you saw it was helping them and there was a period of time when Malakhov for example was worth fifteen million dollars now we do it's it's closer to me a hundred fifty two hundred Milan so you just sort of see that that you know the first thing that happened was the business model that that these companies were built on or at least the really high valuations were predicated on was basically going out and acquiring other companies streamlining them figuring out ways to to profit from from medicines that were you know under presheaf under used up by what you ended up getting is a lot of companies it's been too much money on marginal older assets and the only way to boost sales for those turned out to be in many cases hiking prices or or using really kind of aggressive sales tactics they're now creating separate legal issues for for a big subsidies companies so near those valuations begin the questions started to collapse and then if you add a giant opioid liability on top of that for subsidies companies and you kind of get the the the real day dear for for what it been just a few years back one of the hottest areas in the entire U. S. stock market so the gravy train is over the the the gravy train has been pouring down hills for for multiple years and now it's dropping into it. any expectations of the future might get better. he has I mean so that that's the question are you finally at a valuation that so low that that this becomes a value play all I need that that's a reasonable position to take it's a particularly risky one for the subset of the companies that have appeared liability just because that that's still taking form but you know these companies still generate cash they're they're starting to pay down these really I downloads so if you're if you're you have a high risk tolerance they're very very cheap but but god how I respond always a pleasure Max thank you that's the number of opinion columnist Max niece and you can read more on this and other stories from Bloomberg opinion at Bloomberg dot com slash opinion and on the terminal at OPI and
"bloomberg dot" Discussed on Bloomberg Radio New York
"Broadcasting twenty four hours a day at Bloomberg dot com and it did talk on Twitter Bloomberg radio now a global news update tropical storm Dorian that's the hearing I'm in case tropical storm Doreen is taking aim at Porter Rico meteorologists Jennifer graces the national hurricane center warns the system will hit the island with a vengeance rainfall total supporter Rico have really gone up in the latest advisory where we talked about two to four inches before now we're talking about more like six to ten inches especially on the west side of Porter Rico and so that so we could get the flooding the mud slides as well and then go along with that the very gusty winds that will accompany the storm more than a dozen sex trafficking victims of the late billionaire Jeffrey abstain have appeared in court today asking prosecutors to go after any co conspirators forty five house Democrats meanwhile are calling for probe into an empty case more than a decade ago at C. pleaded guilty in two thousand eight to soliciting an underage girl for prostitution lawmakers say he got a sweetheart deal that allowed him to serve just over a year behind bars and spend most of each day outside the prison at least two women allegedly abused them during that time FC was arrested again last month on sex trafficking charges and committed suicide in his prison cell on August tenth in a statement Democrats say abstains victims deserve justice and the public needs to know why a prolific child molester that a slap on the wrist instead of a long prison sentence windy canyon Washington actress Lori Loughlin or fashion designer husband most emoji unduly can continue to use the same attorneys to represent them in the college admissions bribery case correspondent Scott McClain on today's hearing in Boston when in you know we share the same law firm as another defendant in the college admissions scandal one we is walk reading with the government they also share a law firm with a form that once represented U. S. C. the judge explained to them why that was problematic they said they understood the risks involved with the arrangement but they wanted to proceed with the same legal team on Wall Street the Dow Jones industrial average fell one hundred twenty one points I'm in case finding great candidates to hire can be like well trying to find a needle in a haystack but not with zip recruiter it's powerful technology actively fines and invites qualified candidates to apply to your job that's why four out of five employers to post on ziprecruiter get a quality Canada through the site within the first day so while other companies might deliver a lot of hay ziprecruiter finds you the needle in the haystack try ziprecruiter now for free by going to separate Krueger dot com slash that ziprecruiter dot com slash three do you want to learn to speak a new language but don't have enough time then you need to try a baffle the language learning app that you can try for free right now at battle dot com battles lessons.
"bloomberg dot" Discussed on Bloomberg Radio New York
"Hours a day at Bloomberg dot com and it picked up on Twitter using Bloomberg radio now a global news update so hurricane now new women's Wimbledon champion Anaheim Christopher Cruz berry is now a category one hurricane it's heading to the Louisiana coast threatening millions with heavy rains and a major storm surge it's still moving over the Gulf of Mexico however gathering up moisture that it will drop by to Louisiana over the next few days correspondent Erica hill says com before a very significant storm so that last update that we got were very was upgraded to a hurricane we know that it's about forty miles south of where we are here in Lafayette the store now has maximum sustained winds of seventy five miles an hour with gusts in ninety land fall into it in the next few hours meteorologist Allison check closely watching the storm's path the track of this storm is going to continue to take it further off to the north making landfall in Louisiana to day after that it will continue to take all of that very heavy rainfall to some of the other states as well that's going to be the main concern with this storm is all of that heavy rainfall it's going to be dumped not just in Louisiana but some of those other states as well Louisiana and Mississippi have declared states of emergency Simona Halep became the first Romanian to win a Wimbledon singles title today after she beat seven time champion Serena Williams six two six two in the final in less than an hour immigrants from across the United States in particular nine big cities are getting ready for immigration raids planned for tomorrow president trump was busy on Twitter earlier this morning he sent almost thirty tweets for re tweets in one tweet he called former FBI deputy director Andrew McCabe quote major sleaze bag after a week of gains all three major stock indices closed yesterday at record highs the S. and P. five hundred rose thirteen points the Dow up two hundred forty three nasdaq up forty eight nine Christopher Cruz unlike civil Leschi a select quote agent with the true story that could save you hundreds of dollars a year a woman named Linda just called her husband ray has a three hundred thousand dollar group life insurance policy but is changing jobs and can't take it with him well I shocked the many highly rated term life insurance companies we represent and found ray who is forty one and takes medication to control us cholesterol a ten year five hundred thousand dollar policy for under twenty seven dollars a month that's almost twice the coverage for less than half of what he had paid if select quote hasn't shop for your life insurance you're probably paying too much for your free quote call eight hundred four two three forty five fifty seven that's eight hundred four two three forty five fifty seven eight hundred four two three forty five fifty seven or go to select quote dot com since nineteen eighty five we shop you save get full details on the example policy it's local dot com such commercial surprise could very depending on your health insurance company special counsel Robert Muller testimony to Congress has been delayed until later this month under an agreement that gives members of the house more time to question him it's one week later than originally planned special counsel Robert Muller will testify before Congress on July twenty fourth lawmakers on both sides of the aisle complain the time restrictions hurt their opportunity to question the man who investigated rushing collusion.
"bloomberg dot" Discussed on Bloomberg Radio New York
"The global standard for business reporting get it all in Bloomberg dot com slash subscriptions how will A. I. changing your industry in just twenty days in a high powered by technology from Hewlett Packard enterprise learn how to win poker beating the world's best players the worlds hardest game imagine what that technology can do for your business when everything compute what's next is extraordinary learn more at H. P. dot com NASA managers who sees change to launch new strategies distribution channels or exploit new technology to re engineer the investor experienced are often rewarded however in an industry paralyzed with complexity if you act with agility your decisively few run their business strategically yet the most competitive managers in the market no with the right partner in a flexible operating platform you can go boldly toward change with S. CI investment manager services determination and operational strength for both the central factors for growth and asset management I'm Steve Meyer president of SCO is a massive manager services we know the destructive forces great opportunities around the world if you see potential in change our industry specialists will maximize the integrated platform that our risk management global investment operations compliance support investor services business success from growth with MCI investment manager services you lead the charge in a competitive marketplace learn more at S. C. I. C. E. dot com slash sees change.
Introducing: Business of Bees
"Uh-huh. From Bloomberg environment. This is the business of bees. A pop-up podcast about the humble honeybee and the outsized role it plays in our economy. The business of these is quite good kind of let depend aren't they kind of investment conservation. It's a big enough difference that without him. There would be really no point trying to farm almonds out here. In fact, these days about one in three bites of food, you eat wouldn't be possible without commercial bee pollination, you know, they'll go from almonds to plums to cherries to apples to vine crops to pit fruits to cotton to Lima beans to watermelons and then their season. There's. As important as Bs have become for farming. There's also increasing signs that bees are in trouble. Adult bees leave the hive and never come back leaving the babies to die. Researchers blamed pesticides disease and parasites in the -ducted since colony collapse disorder started making headlines across the country bees are still dying in record numbers. This last year. I had the most losses I have ever had in trying to track down answers to why this is still happening. We spoke with people at every corner of the honeybee ecosystem I can't sleep at night. A lot of times you have to be paranoid to be beekeeper these days, and we asked them big questions about things like is the way we're raising bees actually hurting. We've put these colonies right next to each other. And we've sort of rewarded these parasites for their worst possible instincts and after years and years of research. What have we found out about the? Connections between pesticides and be health. Literally thousands of studies suggesting that one way or another these chemicals are having a really significant negative impact on our environment. And there has to be a better way to grow food. Then applying incredibly persistent, Niro toxins, if you like us, find yourself fascinated by bees and concerned about what's happening with pollinators in our environment. Take out your phone right now and subscribe ign, Adam Ellington bacteria soon. Indepth analysis. Concise reporting dean to know, global business news around the world and across the markets. Bloomberg connects the dots for decision-makers subscribed today to the global standard for business reporting. Get it all at Bloomberg dot com slash subscribe.
"bloomberg dot" Discussed on Bloomberg Radio New York
"At Bloomberg dot com and in the US on Sirius XM, this is Bloomberg. Schule smart do intelligence Beijing rebutting tentative Asia only insight into crucial industries today, and they may be heading next senior in Honshu street acumen with beg intelligence. Hunted down on the program. Beg intelligence only on Bloomberg radio. Bloomberg radio dot com. Are we still comedy? This is a technical. Markets move seismically Bloomberg surveillance mistakes when you sound something because you need to sell Jovan barrel. The names shakes the world's markets. Professor Schoeller veal university exclusive interview with from reason, Bloomberg surveillance. These world where you can buy anything shipping. Anyone anywhere twenty four hours a day in the old days? It was simple over your business. News to what stands out for you in terms of the headlines here, what do you give shared European.
Introducing "What Goes Up," A New Show From Bloomberg
"Mike, sometimes financial markets can get confusing told me about its equity longshore performance over the counter derivative products. And that's why on what those up a new podcast from Bloomberg. We'll help you break down the ins and outs of the forces driving global markets. I'm Sarah Pontiac, a reporter on across SSD Regan, a senior editor and writer for the markets each week. We'll talk to some of Bloomberg smartest writers editors and strategists. And we'll bring in some of the biggest names on Wall Street. We'll explore what's moving not just stocks. But also bonds currencies and commodities, and there may be the occasional dead you occasional possibly frequent de jokes. Do you even care about Brexit? I mean, it should US investors befallen this or is it is it like premier soccer, you know, on less. Yeah. I just can't believe that people trade these, you know, and it's all computers now, I think computers are going to become human because they will develop the emotion of shame from trading U S China trade headlines, they have a ton of analogies for this. And I think the cleanest study showed is the one that I would like to time on because it's really a horrible one. That's how they referred to me downstairs. From central banks to economic data to earnings trade and whatever else may come. If it moves market what goes out? We'll be on it. What goes up debuts on April twenty six on apple podcasts Spotify or wherever you get your podcasts. Indepth analysis concise reporting need to know, global business news around the world and across the markets. Bloomberg connect the dots. Decision-makers subscribe today to the global standard for business reporting. Get it all at Bloomberg dot com slash subscribe.
"bloomberg dot" Discussed on Bloomberg Radio New York
"Get it all and Bloomberg dot com slash subscribe. You enjoy your word, you might even love your work. What is this drama matter to us? That's one way to till. You're listening to Bloomberg surveillance. What will we see is the dynamic in the next twenty four to forty eight hours, Tom Keene Jonathan thorough? Beacon only dates with similar story. Weekday mornings at seven eastern. We forget how large these companies are on Bloomberg radio, the Bloomberg business app and bloombergradio dot com. Bloomberg the world is listening. Here comes the happily family impact this smartphones headphones, tablets, next, cooler sunscreen, by skateboards games via sunglasses. There's no room for painful inhere, just don't win out on the most important thing. Frying, no seatbelts. Whether it's a long haul or short trip situation. Never give up until they buckle up. Visit safercar dot gov slash kidsbuckleup for more information. A message from the National Highway Traffic Safety Administration and the Ad Council. Twenty-five years ago NJIT graduates, dick Sweeney, co-founded Curie. Green Mountain a company whose incredible innovations changed the way the world Bruce a Cup of coffee today, he lectures, widely on business leadership, and is a strong advocate for NJIT's work to combine business education with the power of stem NJIT is definitely fostering innovative thinking for budding entrepreneurs simply because that's the world. We live in NJIT is producing students that have been trained.
"bloomberg dot" Discussed on Bloomberg Radio New York
"To support households haven't really been enough to boost the economy. This is how we show Bloomberg daybreak Asia tonight at six eastern on Bloomberg radio, the Bloomberg business app and bloombergradio dot com. Bloomberg the world is listening. Here comes the happily family pack, the smartphones headphones, tablets, water, snacks, cooler sunscreen, by skateboards games. Video sunglasses. There's no room for people in here. Just don't win out on the most important thing. No seat belts. Whether it's a long haul or short trips situation. Never give up until they buckle up. Visit safercar dot gov slash kidsbuckleup for more information. A message from the National Highway Traffic Safety Administration and the Ad Council. In-depth analysis concise reported need to know global business news around the world and across the markets. Bloomberg. Connect the dots for decision makers, stay on top of today's headlines. Follow big breakthroughs in tech understand the latest political issues. See how the world's wealthiest are spending their money trot. What's happening in the markets and much more subscribed today to Bloomberg the global standard for business reporting. Get it all and Bloomberg dot com slash subscribe sweet story icing you're in goodwill and just past that vintage denim jacket. You spot miniature doughnut earrings you lean? That's the center of soppy success because at goodwill every item you buy local job training and more. So bring home those earrings and so much good to your community. Goodwill. Bring good.
"bloomberg dot" Discussed on Bloomberg Radio New York
"For structural change from Beijing. This is Bloomberg. This is world where you can buy anything shipping. Anyone anywhere twenty four hours a day in the old days? It was simple should go for your business. News to what stands out for you in terms of the headlines here. What to you give a shared European budget in the next decade? You explain what Exxon did wrong and what Chevron did right? Bloomberg radio the Bloomberg business app, and bloombergradio dot com. Bloomberg the world is listening. Are you interested in a challenging exciting career one? Will you be part of solving complex challenges across industries and geographies? Bloomberg's ever-expanding technology data and news media services foster innovation empower clients over nearly limitless opportunities for career growth. Visit Bloomberg dot com slash careers today. If you are current job opportunities, Bloomberg LP is an equal opportunity employer. The address once again is Bloomberg dot com slash. The Bloomberg business of sports podcast. Your. Where the money is glowing inside sports around the globe. From the marketing perspective, we're the dollar spent union. Josh, Nick, and Michael bars, we empower multi billion dollar.
"bloomberg dot" Discussed on Bloomberg Radio New York
"Get it all and Bloomberg dot com slash. Subscribe. When you went car shopping, you meant you aced vehicle history searches and test drive, you out salesmen, salesmen, now, you've got your wheels. If you managed that you can get your retirement plan on track for retirement dot org can help with 4._0._1._K, tips and smart saving strategies. You'll have the info you need to get more for your future as your retirement dot org. Because when it comes to speeding past financial challenges your in eight brought to you by AARP and the Ad Council. Join Bloomberg news, February twenty eighth for corporate reputation. Making your mar a special event for C suite leaders want the inside track on winning in the world of reputation attendees will gain unparalleled inside of on implementing smarter recruiting strategies, reaching targeted consumers managing organizational reputation. Don't miss her live discussions with experts from athletic, EBay, IBM and other leading corporations registered to attend with code radio at bloomberglaw dot com slash. Reputation. The only problem with Bloomberg best is that it'll make you want to spend all day listening to everything else we do. So that the tech giant tries to become the first US company to reach a two trillion dollars market capitalization, June Grasso and Ed Baxter hose. Bloomberg. Best emerging markets continue to suffer as trade pressure hurts currencies weekday evenings at five eastern on Bloomberg radio, the Bloomberg business app, and bloombergradio dot com. Bloomberg the world is listening.
"bloomberg dot" Discussed on Bloomberg Radio New York
"Get it all and Bloomberg dot com slash subscribe. It only takes a minute to find out if you may have prediabetes and you can do it at do. I have prediabetes dot org, but you're probably not going to. Nope. I'm sure you've got a perfectly good excuse kids work. You're busy. So what better time than now? Let's begin raise one finger. If you're a man, ladies none yet. Oh, counting your head. If you're driving now three more fingers for everyone over sixty to over fifty one over forty. One more. If you're not physically active mother finger if anyone in your family has type two diabetes, another if you've got high blood pressure, if you're overweight, raise another finger to if you're very overweight and three if you're really overweight, you've just taken the world's first audio prediabetes test, and if you're holding up five or more fingers, visit do I have prediabetes dot org or talk to your doctor. There's no excuse because prediabetes can be reversed. Brought to you by the Ad Council and its prediabetes awareness partners. Adopt US kids presents to expect. When you're expecting a teenager learning. The lingo goat G, O AT acronym. Stands for greatest of all time as in spaghetti sandwiches for dinner. My dad, you're the go to speak team to be a perfect parent. Thousands of teens in foster care love you just the same. Visit adopt US kids dot org. Brought to you by the US department of health and human services. Adopt US kids and the Ad Council. Business. Data is growing at.
U.S. Reimposes Sanctions on Iran but Undercuts the Pain With Waivers
"Accounts into purchasing countries. But we're gonna be looking at is an increase in Iran's oil experts in the first month of sanctions, and that is surely not the outcome that President Trump was how was hoping for. All right. Let's look now at a sector that doesn't have quite as much exposure. I think it's safe to say to the oil sector electric cars on Johnny Trivedi is opening on those sang the affordable electric car could be about to arrive. Really? Maybe I mean, this is a little bit of a caveat here, actually. Okay. If you look at sales numbers, it does envied a peer this day is getting closer because consumers bought more than a million electric vehicles last year that sixty percent up from two thousand sixteen a lot of this is to do with China's carrot and stick policies pushing electric vehicle, adoption, and this is driven down the price of lithium ion batteries, which account for almost half of a cards cost that's down from about six hundred dollars per kilowatt hour to just a little bit over two hundred dollars over the past five years now treve de sang these sales numbers could be misleading though. I mean, they don't say much about the quality or the technology in an analysis by UBS group staff showed that China's domestic batteries can actually performed quite poorly at low temperatures, and there's a lot of manufacturing issues that some companies have confronted the Furthermore, the cost of full adoption is actually astronomical. So an estimated six trillion dollars might theoretically be needed to build the infrastructure. That electric cars are going to need such as charging stations and power networks. And so the transition costs are going to have to be reduced through government subsidies and support. Wow. Well, we'll have to leave it there for now. Agend Ryan Bloomberg opinion editor in our London bureau. Thanks so much for this. You can read more of these and other stories from Bloomberg opinion at Bloomberg dot com slash opinion, on the Bloomberg terminal type in p I n go Karen, Nathan, thank you. It is five fifty two on Wall Street. It's time for the Bloomberg law
Bloomberg, Professor and Dan Moss discussed on Fox News Sunday
"Did you know that in economics professor uses Broadway musicals to illustrate his lectures, the Bloomberg benchmark podcast is about all. All that and much more. Join hosts Dan moss Kate Smith and Scotland for a weekly jargon-free dive into the top stories that drive the global economy. Find it on the Bloomberg terminal Bloomberg dot com. I tune soundcloud and whatever app you professor Browns your favorite podcasts. The Carolinas continued to be battered by heavy
President, Bloomberg and New York Times discussed on Fitz and Brooks
"Bloomberg dot com, teen, soundcloud, and whatever app you perfect Browns. You'll feel. Podcast. We'll soon learn whether Florence is a hurricane again. Meteorologist Allison Chinchar says it could be a major menace by the time. It makes it probable landfall in the Carolinas
Ulta shares hit 52-week high after retailer says Kylie Cosmetics in stores by the holidays
"Stocks columnist. Remember send Dave an Email at dwilson at Bloomberg dot net you, can sign, up for, his free Email newsletter Dave where do you want to begin Ulta beauty shares are up seven percent or maybe you wanna talk a little bit about apple they're one. And a quarter percent or gopher Lululemon perhaps Coca Cola you choose there are lots of choices you wanna talk about Kylie Jenner why not Kylie Jenner the cosmetics line hold. On a second Dave yes I want to. Hear you talk about Kylie Jenner, you follow. Jenner do you get tips. Heck no do you now. But it, be. Fun if I did clearly a lot of people do. Though because to Ulta beauty has
Turkey's Markets Plunge Into the Unknown After U.S. Sanctions
"It filed for bankruptcy protection from its creditors and Turkish markets plunging today deeper into the. Wild on president at. Sanctions imposed by the United States, its NATO ally of added to, the cross currents buffeting investors they of already, been despairing policymakers failure to contain inflation, and stem the slide in the lira under. Pressure from president one to bolster growth recapping. US equities, higher across the board with the s&p up. Fourteen of five tenths of one percent I'm Charlie Pellett and that is. A Bloomberg business flash Thank you very much Charlie Pellett art it's, time to bring in, Joe Weisenthal our markets editor for Bloomberg news, also co host of what you miss yes. Every weekday every trading, day three. Thirty PM Wall Street time, only on Bloomberg television and you can follow Joe on Twitter at the stalwart also joining us in studios Dave Wilson Bloomberg stocks editor and you can follow Dave on Twitter at the one Dave all, right Joe Weisenthal post Federal Reserve meeting no change in interest. Rates for the United States but a change of interest rates for. The United Kingdom from the Bank of England is, that relevant to what, you're, looking at today I mean the thing is about the Bank of England is that it really. Only affects the, UK when we talk about central banks Having an influence on global market is usually the via we and the b.. O. j. and the fed, but I still think it's interesting that the. Bank of England hiked not. Because it's gonna, have any ripple effects outside of outside. Of the market there but because for. Whatever reason central bankers seemed to really like hiking rates and the proof. Of, that is that it's hard to imagine that the UK's risk of overheating the economy decelerating they're facing a potentially big shock and they still went ahead with it anyway. But why, did they do it they do it because they were concerned about inflationary, pressures. Because of, the devaluation of the pound maybe it's very compelling there's like a little bit of, inflation but it's already trending down there was some point there was some talk before. That they needed to hike because they didn't hike? Some other, time they were expected to hike and now they need to show some credibility I don't really get that so you know I think central banker. Just like to hike they can? Okay we can pass on that I guess all right I really believe I've every let's bring. The one Dave in. Here David Wilson stocks editor for Bloomberg, news has the hike had. Any impact on the. Stock markets here in the states you wanna talk about what's going on in stocks look at. Across the pie you're looking, at apple and tesla right mean apple becoming. The first US could apple. And tesla again Yesterday was Day NASDAQ is up one and a. Quarter percent the NASDAQ is up more than ninety six, points? Today right and apple is read the forefront. Of that this is the first US company to cross a trillion dollars in. Market value and when you look at the way that the stock has, moved up it doesn't look like it's going to be a one, day wonder which is what. You saw November two thousand seven when petrochina's started trading in Shanghai and got above the trillion dollars four day while apple is the largest stock in, the? NASDAQ right, I mean it accounts for something like eight and a half percent of the total. NASDAQ waiting so when apple moves the NASDAQ's gonna, move well. That's true a bear. In mind you go back and look at how this stock. Has done it is been, up all but two years since two thousand three I mean it's not something. That just sort of happened all at once and you can argue whether, the reaction to the earnings that came out earlier this week me, justifies the latest move in. That said there were definitely some pluses in the numbers and we know that apple has a history of introducing models in September which is the last, month? Of their, fiscal year so that's something to look forward to and when you put it all. Together this history making day not only for apple, but also. For the US market. And you mentioned tesla certainly the story there is very different. This is a company that's, never made money a company that day Oh no it's not. I mean even Amazon, was in that situation once upon a. Time but taste certainly make a whole lot of money these days Years, later I mean you know you had to wait for it right yeah the point is though they've never made a profit they'd been using up cash, and you know this story is they didn't use up as. Much cast last quarter is analysts were looking for only seven hundred and forty million dollars and that. Was enough to send Tesla's shares on a roll so that's sort of where that company is. And musk is starting to sound more like a CEO not like he did three months ago when he was berating analysts on his quarterly conference call so you got. Tesla up fourteen and a half percent at the moment it it, does kind of show, you that, it, doesn't, take much. Sometimes to, get investors excited and when you get sort of a, few points to focus on you see the results Joe is Is apple. The best stock ever and his tesla are we being old fashioned in saying that test is. Gonna make money no I don't think we're being I mean I don't know what the best ever is I think there probably are stocks that have had better returns. In shorter periods of time Netflix comes to mind if we're just, thinking about the century, so far You know Apple's one trillion is a really high number Breathtaking story as for tesla look I think what got investors excited yesterday was partly the indication and the promise of positive, cash flow going forward and prophets that big said a they've had predictions in the past about this stuff that I think disappointed. Investors in the end and be they gotta, hit it and so I think that sort. Of shows you know. There is a limit to it quick question for you Joe Weisenthal you're going to. Buy any new apple, product that comes out in September you're on your phone you probably will because. I, think I'll be up for. A, new phone, at yeah you got an apple now yeah Yeah. Yeah No I have like the seven. Or, whatever no, Dave Wilson. Just curious I also had. The seven I was thinking about buying one, last year. Skipped it I'll think a whole lot hard harder about buying one this year Bob every I'm not even going. As, pigeons yeah I figured you it's tried. And true. My, friend, yeah But. It's Feed bill Rooftops still cheaper than I guess. It is thanks very much Joe Weisenthal co host of what Jim is check. It out, Bloomberg television three thirty PM Wall. Street time and, of course Dave Wilson Bloomberg stocks columnist David e dwilson Bloomberg. Dot net sign up for his daily free. Email newsletter now let's go to. Our ninety nine one studios in Washington DC where Martin dicara has world the, national headlines Martin thanks him happening. Right now top White House officials are describing plans to safeguard the midterm elections from. Foreign interference the administration's been criticized for not. Doing more stay tuned to Bloomberg radio for more on this. Developing story the, massive wildfire northern California grew overnight fueled, by wind the blaze in and around the city of reading now covers two hundred. Square miles Cal. Fire director Ken Pimlot says an army. Of firefighters thirteen thousand strong is working to contain it and other blazes across the state over twenty seven thousand Firefighters on the fire lines throughout the western United States so almost half of. Those are right here in California wildfires are also scorching hundreds of square miles. In Oregon, more than eleven hundred people likely. Died after hurricane, Maria hit Puerto Rico far more than the official death count. Of sixty four Penn State university study is. The second such review to make. Clear President Trump initially underestimated the tragedy when he compared it favorably to the, aftermath of Hurricane Katrina in two. Thousand five this new report suggests nearly seven hundred of the deaths occurred during two. Months when much of Puerto Rico had no. Electricity Republican hopes for a quick confirmation of supreme court nominee. Brett Cavanaugh might, be over the national archive says won't, be able to complete its review of nearly a million documents regarding Kavanagh's time in. The.
"bloomberg dot" Discussed on KBNP AM 1410
"Moves as sort of ran counter to what was happening in over months in years within the market and he found out that every one of the previous correction periods and he kinda defined it a little loosely seven and a half percent to twenty percent in terms of a decline in the s p 500 that each of those periods lasted at least twice as long as you see one that was a twenty eight days going back to 2011 as an example that's about as short as a got so the way he figures it here word'due for more that there's going to be more volatility that at the very least stocks are headed back to this year's lows and when you consider the closing mony s p 500 was 25 81 you're talking about maybe a five percent drop poor so from where we are now so it's certainly wouldn't be you know all that extreme a move is since the sand new look at his three it if you figure that thirteen days was it probably not so much if you want no more folks send me an email i'll get you the chart the explanation that goes with it and everything i do going forward the email address is d wilson bloomberg dot net that's d wilson bloomberg dot the bottom line accept my volatility a another nether move to the lows fats his say gimme that you you you get these sort of moves even a ball markets and you can assume that they would go away in a space of two weeks i let's just say it doesn't happen like that are a leading on that now table thank you so much appreciated dave wilson bloomberg stocks columnist with his chart at the day right here on bloomberg radio.
"bloomberg dot" Discussed on Bloomberg Radio New York
"So it becomes an issue downwind it's something to be mindful of any way if you are in a more folks send me an email i'll get you the chart the explanation that goes with it and everything i do going forward the email address is d wilson at bloomberg dot net that's d wilson at bloomberg dot net you know it i always ask you dave is a good indicator of anything well it's an indicator you look back to you i'm glad that we're looking market action well it tells you that there are times when things tend to take off and then they pull back and when they do it's pretty severe mean that sort of measure choose point is that you know that they're they're tends to be fools and bus in these momentum stocks rally the the rest of the market well and indeed and it sucks because market looks very different events some level stock pickers like just kind of some kind of volatility is you can find things that are miss price some like and as we sat here with with uh the guy wore one of the leaders me capital yesterday that this notion that in a stocks that are out of favour in zakho stocks who want us her buying if you if you can figure out what's good within that within the pilot wreck yeah that's amazing it stole is the challenge is how do you find the we in the midst of the chaff all right so let's do that when it comes to an economic basis because he can have that month think ads you park having your land friday with us is our senior us economist tahseen economists hipline olympic intelligence are in has group of alice initially cuba and teach entous in economic 1103 studio so wish that.
"bloomberg dot" Discussed on Bloomberg Radio New York
"C f investments dot com to understand what's going on in the world of investments we got dave wilson bloomberg stocks comments that live blogger m alive go on the bloomberg and i recommend that you send david email at d wilson at bloomberg dot met and sign of force daily free email newsletter and you can of course follow dave on twitter at the one dave so at the one dave what should we be looking at today i was looking at goldman sachs because the stock us up nearly four percent will we really are seen the financial shares at the forefront of today's gains as they go very woke up and sell k now we're through the uk election let's look ahead the next week and the fed potentially raising interest rates and things that a movie from there in terms of monetary policy a renewal of optimism hawaii second this makes no sense whatsoever you have a guilt kerfah this justice flat as it was yesterday if not a little bit flatter you have nothing that's changed people wondering whether the fed can actually continue to raise rates twice more this year including next week i don't really see where this optimism is coming from i just had a disaster in the uk well look at it this way we've seen a real difference of opinion reflected in stock and bond prices for some time now we talked about earlier this week how you know if you look at what's going on the equity markets you get a very different impression about where the economy is headed then you would from looking at bond so you've got that sort of fronts senators if doesn't surprise me that you coming from the bond market perspective would have a different look out these windfall they would know is what's in front of me and then what's in front of me as you got the eleven main industry groups and the s p five hundred finance was up one point three percent where it's the biggest gain on the day and nobody else is even close yeah well the one thing that is it not up today is at the pound down substantially in the wake of the uk election where it theresa may hoping to solidify her majority lost power loss some of the conservative majority to get more perspective.