24 Burst results for "Bloomberg Lp"
"bloomberg lp" Discussed on Bloomberg Radio New York
"Virus is doctor image a dollar shot an infectious disease physician at Johns Hopkins center for health security at the Bloomberg school of public health on the phone from Pittsburgh to Bloomberg school of public health supported by Michael R. Bloomberg founder of Bloomberg LP and Bloomberg philanthropies nickel course Bloomberg radio a doctor does a nice to have you here with us a lot going on and we hear her U. S. house speaker Nancy Pelosi talking a lot about the importance of testing and tracing tell us we're we are in this process and what you think is the most important thing back to our audience needs to be focusing on right now testing and tracing are going to be the way we move forward in a new reality with this pandemic viruses among among us it didn't go anywhere during this time the social distancing and now the question is how do we minimize the risks from this minimize the destruction of this virus poses to us the only way that we can preserve hospital capacity not have things spiraling out of control like they did in March some hot spots from the country if they have a robust system where people can be tested at the at the will of their doctor without really any kind of hassle or worry about supply and also that we can find their contact and trace their contact through your local health department and this is something that is kind of a patchwork across the country it's going to be something that every for the world every part of the country's going to have to try and augment and make sure that their health departments are resource in its going to be challenging in some states are gonna be better at it than others so we will see differences across the country right and we often see in terms of the number of cases across the country right now headline crossing the Bloomberg Florida code nineteen cases rising two point two percent to thirty eight thousand eight hundred twenty eight so doctor does it you said we need a robust system of testing we don't really have that as you said it's a patchwork how do we get there is it difficult to ramp it up so that everybody's tested and we have a better framework for what's going on with the virus we're definitely getting better at testing I can just say even with my personal experience over the last several weeks it's got much much better in many states are in in in okay shape for the bility to task live challenge is going to be contact racing and that's because our our local health department in your state health departments are often neglected do not consider priority by the government in there often very thin over many different health threats and kind of moved away from a lot of their core work in infectious diseases for which there really were instituted a long long time ago and we got we're going to have to give those health department the flexibility and the ability to cut through bureaucracy and red tape and higher contact three thirty maybe they hire people whose jobs were were deemed nonessential maybe take the train people very quickly and we're seeing that actually Michael Bloomberg is actually doing that for for New York state so there are innovative ways to do that and I think it is something that can be doable it's just we just have to have the political will empower the health department the way they should have been in power for a long time ago right and as we mentioned at the top of my we're gonna course the owner of this radio station as well said Dr Daljit I would love for you to help us figure out something that that I've been talking to my family about it and we've been talking a lot on this show which is you know this patchwork that you describe and that's a great word for it across the country there's also just this on even this it feels like as we look across not just where the virus has spiked in terms of cases in in terms of deaths but also the and largely this is connected to the to the former point this patchwork of re opening strategies so what's the right way to proceed at this point and I think it's especially relevant to us here in the tri state area because we're still in the thick of this and yet we see a very different picture across the country you have to remember that a pandemic doesn't occur synchronously that there's going to be heterogeneity around the country around the world and the best way to think about when you can live social distancing it's going to be driven by regional data eating what are the dynamics of this virus in your region what is the local hospital capacity what is the local health departments ability to do contact tracing all of that is really going to be different across the country and this is something we see all the time with any kind of any kind of public health emergency someplace other in better positions in other places in the hot spots like the tri state area around New York City definitely got hit early and have a hospital capacity problems even on good day those hospitals are often crowded and we had a hospitals getting shut down for example the New York City area over the last several years today they're going to have a much higher threshold before you lift it but there are places that were relatively spared that have made changes to their hospital capacity that have secured personal protective equipment diagnostic testing and have resource their help apartments but they can't deal with the number the new number case that they're going to get out social distancing please remove his restrictions are removed so it's it is going to be something that is a bit of a patchwork and you may see people fighting in certain areas loosening up their areas as we get through that but I think that's going to be what we have to get used to because it's not one big outbreak it's it's many small outbreaks all around the country says that we've just got about forty seconds here so in terms of that patchwork it means some areas obviously can open up but it sounds like we can open up if done carefully exactly the question is not that we do you do we open up we are going to open up there's a way to do this in a safe manner by keeping an eye on hospital capacity because we know we're going to get more cases and more deaths as we increase our social interactions with each other the question is can we keep that to a pace that's manageable by the hospital they don't go into crisis and that's why things are going to have to be titrated we are constantly looking to see what your hospital capacity and and I think the best way to do it is to do it in that manner and so what's your best advice for our listeners if we are in a hot spot speaking very pro Gilly like we are here in the tri state area how should we be sort of living our lives especially in these places of higher infection the virus isn't going away so you have to really think about what risk tolerance you have been trying to find a way to be as mindful as you can about this virus and limit your exposure as best as you can while also living your life because this is going to be something that we're going to deal with for the next one to two years until there's a vaccine so we have to come up with a better way of doing that and I'm like shut down until we have a vaccine so okay and we've been talking about this a lot because we're trying to understand our world certainly here in New York City as as his and said we get parochial about this but I mean how do we get on the subway you really have to look at the research every year that you're facing what with tolerance you have and then just take a lot of common sense thanks to the measures that you can wash your hands a lot don't touch your face trying social distance as best as you can and there are and nothing is going to be risk free I mean this this is no way to make this virus go away even if there's no way to drive the number of cases down to zero this is going to be something that we have to cope with and it's going to be different difficult and it's a horrible choice that we face but this is the situation reluctance and intellect of acting we're going to have to take risk when we when we leave the house and and that's something that we have to get used to doing so we need to understand that and we've heard this certainly from the president and others that there will be lives lost as we re open unfortunately because we do need to reopen the economy is that basically the point yes the virus has been changes behavior is still going to infect people some of those people gonna get hospitalized some of them are going to die that's something that we're going to have to cope with it it's a horrible choice because this virus got out of control but it nonetheless the choice that we have and then the question is how how can we how can we move forward with and we have to be cognizant of the costs of the economic shutdown because that leads to decreased readings for colonoscopy decrease cervical cancer screening decrease breast cancer screening delays in chemotherapy all kinds of things are happening because of the shutdown which is going to have a cost in the economy at basic at a basic level is people's lives and people need to produce the live and I think that that this is this this a balance that we have to have and and it's going to be something that that's going to be difficult that the fight is gonna have to have a decision a discussion about in in this new easy answers it's not black or white all great yeah it's L. as we've continued it's so so complicated and you really took us in some other areas specially about the medical costs not because of the virus directly but I'm not doing cancer screenings are Colin Oscar peas there will be a medical cost for that as well and people will be impacted Dr ana emission dollars I think you so much infectious disease physician at the Johns Hopkins center for health security at the Bloomberg school of public health joining us on the phone from Pittsburgh as we mentioned earlier of course the Bloomberg school of public health supported by Michael R. Bloomberg all right let's head down to Washington now we've got to play back for you of some comments that the president made during a meeting he was having with the governor of Texas and Pulitzer prizes should be given to the ones who got it right and I could give you a long list of those names too and you know who I'm talking about today I did what forces and they're right yes we we are helping various countries as you know rush is having a hard time with that the same code nineteen they got hit like everybody else got hit and we had a long talk and also the seventy fifth year you know what the seventy fifth year major was very nice she called me because we were partners so to speak for a very big successful war and it was very nice she called to as a congratulatory call is a call of celebration because it was a seventy fifth year and also I suggested if they need because we have a lot of ventilators if they need ventilators I would love to send them some and we will do that at the appropriate time was sentenced yeah we'll be doing that and it was a very nice girl and remember this the Russia hoax made it very hard for Russia and the United States to deal with each other they are a very important nation with the most powerful nation they were very powerful nation why would we not be dealing with each other but the Russia hoax is absolutely dishonest hoax made it very difficult for our nation and their nation to deal and we discussed that I said you know it's a very appropriate time because things are falling out now and coming in line showing what a hoax this whole investigation was it was a total disgrace and I wouldn't be surprised if you see a lot of things happen over the next number of weeks this is just one piece of a very dishonest possible the range of arms control summit with president Arizona hearing anyway we are talking about arms control with Russia and we will go forward with that and we are talking about a very seriously having arms control that many nuclear weapons and so away and we're talking about a arms control was Russia yeah they like to do it we'd like to do Sir could you call me today we've got more than thirty three million jobs and.
"bloomberg lp" Discussed on Bloomberg Radio New York
"Of Bloomberg LP and Bloomberg philanthropies caterpillar the world's biggest maker of mining and construction equipment is predicting that the pain from the coronavirus crisis is far from over caterpillar shares up today by one point two percent and the pandemic increased sales of Merck medicines during the first quarter as households around the world stocked up but the drug maker does expect a significant hit this quarter as the full force of the outbreak land smirk shares down now by two point two percent West Texas intermediate crude down one percent down twelve sixty four barrel gold down four tenths of one percent seventeen oh seven the ops I'm Charlie balance and that is a Bloomberg business slash right Charlie thank you so much you're listening to Bloomberg business week clear Charlie talk a little bit about some of what the medical experts are saying we want to move to our own expert here Brian granularity is the chief executive officer of the Atlantic health system journeys on the phone from Morristown New Jersey obviously a state like here in New York that has been hit very hard new Jersey's death rate actually eclipsing the daily death rate eclipsing New York simply for the first time today so clearly a lot going on and a lot going on as we think about what happens next even in terms of re opening the economy Brian really good to have you with Caroline myself thank you so give us a sense of of what you are seeing on the front lines there what is it like and what's may be new and different today or this week verses in the preceding weeks sure you know you'd you'd mentioned the differences between New York and New Jersey and I gotta tell you that I gotta follow the transit lines because what happened in New York followed to the the transit down into New Jersey and we have been really overwhelmed as you described here in New Jersey particularly northern New Jersey so today at our command center call we had five hundred and forty four patients with COPD it in our hospitals and about thirty five percent of those patients are still on a ventilator so we have a very sick patient population but that's down from our peak which was on April nineteenth where we actually had eight hundred and thirty four patients so which were down about thirty five percent but it's still an enormous number of patients you know as we've gone through this process Brian I mean what have we learned about being prepared next time you know and what we need to do in terms of really shoring up our health system and access for everyone you know there's a there's a famous statement it's about the economy well it's about the testing I mean our major lesson here is testing was a problem at the beginning sting continues to be a problem today and if we don't get this testing right as we go into recovery we're gonna have a rebound effect and we're gonna be back in the soup again and we have to be very very careful about that the second thing that we've learned is that just in time delivery doesn't work in a pandemic in our supply chain is really broken right now we went through periods of enormous panic making sure that we had the right kind of protective equipment for our team members to keep them healthy and safe ventilators were a big issue over a period of time I can tell you just a weekend we spent scanning the nation for ventilators and and being able to have many of our colleagues in different parts of the country support those and it's the same thing with medications particularly those medications that support people on ventilators so what we've learned is we've really got to fix this supply chain we've got to have more control over it because you know Kobe it is not going to go away until we have a vaccine and that could be a year and a half for two years away so we have just threaded the needle here in New Jersey the governor has been a fantastic ally and advocate for us particularly with the federal government and the stockpiles but we learned a lot and we got to make sure that we continue to use the tools that we have the predominant ones being social distancing right now so Brian I want to talk a little bit more about testing it if we could because I I feel like we want to go a level down and and understand both testing for the disease and also the serological beat the antibody testing what we know now and what is important for our listeners to know in terms of what they should be doing what they should expect it especially you know in and around your hospital system over the coming weeks so the frustration that we had with the diagnostic test in other words do you have copays and not is we needed to get that right at the point of care so there wouldn't be delayed in providing a definitive diagnosis as many patients come into the healthcare system end date they don't need to be hospitalized about eighty percent of the twenty percent so so when they go back they need to know if they have a diagnosis or not we not whether to self quarantine that diagnosis wasn't coming back for three or four days and that was a big problem the twenty percent of the patients that go into the hospital we have to treat everybody as covert positive until we have a definitive diagnosis and in that instance about forty five percent of the patients that would go into the hospital and be tested would be under it we would have a test result on them so we were burning through all that scarce protective equipment because we have to treat everybody the same so again we have to have a point of care test on that and then going forward as we open up healthcare and start doing some of that here that's been pent up and you've seen articles written recently about that where people are just staying home instead of engaging in the health system which they need to do we're going to need to provide that test at that pre operative Ryan or pre procedure time in order to make sure that we know those patients do not have coded so that diagnostic tests are going to have to be at the spot you're doing the care and they need to be able to be determined right away I would say point of care I just want to make sure that I understand when you see point of care that that could also include a pharmacy or someplace like that right or am I misunderstanding well if you're coming in for a diagnostic test or if you're coming in for a surgery it would be in a facility a lot of that where you do your pre operative testing the second piece that you talked about antibody testing yeah that's going to be important as it provides some clarification on whether or not you have had the disease previously now over the last week you've seen two things happen in that space which are concerning one is that we are getting incredible variation of results from a different tests that are being done the types of tests are being done and it's really caused us some pause in some concern but but clearly we've got to run that down because what we don't want to do is give somebody an impression that they have built up the immunities and then the second piece that's been a concern with the with the feedback we got from the World Health Organization over the weekend that perhaps having those antibodies does not necessarily protect you again from getting this virus I think more work needs to be done in that space because the consequences of thinking you're bulletproof on this and you're not gonna get it again is a problem so okay I don't wanna get all dystopian on everybody but Brian described to me than what our world is a light going forward is it we all just have to get used to a lot more testing wearing masks and potentially I mean you got you oversee a massive hospital system seven hospitals in New Jersey I think roughly seventeen thousand members almost five thousand physicians eleven counties five million people you know have access to your system is it a case that you know how we go about getting procedures it can be very different and we have to just get used to it that's gonna become the new norm and we also will have health facilities that are separated into virus where people have the virus and those places that do not you know the first the first thing I want to say is that our hospitals are safe I would I would argue our hospitals are very safe compared to some of the other things we engage in in our communities as we seek our activities of daily living so we're we're safe to begin with but as we think about needing to continue to care for this virus we will as our volumes go down in our hospitals these patients will be contained in in very specific areas where they won't be interacting with other patients the team members that will care for them will care for those patients and not care for other patients during their ships and we need to make sure that we have safe pathways through our organizations so that we don't have a people intersecting inadvertently and all those steps are being put in place literally as we speak we also have when we do turn the unit over and have it become a non covert unit we do a terminal cleaning in there and make sure that everything is safe so so patients shouldn't be safe shouldn't be scared and there are state the thing that we need to think about though to your question is this will be a period of wearing masks this will be a period of maintaining social distance this will be a period where you can't bring your entire family and on your office visit those are the kinds of things that we're doing we're gonna continue to really use telehealth in a big way but we're also in the process of opening our our offices he met to meet a lot of physician practices and we're doing that also and so I guess just to to drill down and a further level how long does the sort of era of social distancing masking and all of that last day in your estimation brand is it till we have a vaccine or is it what what we need to see in order for get a life to even optically look something like close to normal you know in a perfect world that's the answer it's a vaccine but it but the reality is that that's going to take awhile so we've got to continue to pursue a couple of things one is we've got to pursue effective treatments for this disease because of that will go a long way in itself to taking the scare out of this the second thing that we've got to work on is just continuing to educate the public about the importance of washing your hands and you know a lot of common sense you know the kinds of things that give you learned when you were a kid and make sure that we're hearing to those things but we also are going to be in a position where our lives are going to be a lot different you know I think about restaurants you know paper disposable menus instead of something that C. two hundred it'll seat fifty in those all have huge impacts on those areas industries but we will be in a different place but the key thing again just to go back to it is we've got to we've got to be able to have testing available during that when we do get an outbreak right we are on that in doing the tracing we need to do and that is kind of the blocking and tackling right a public health system trying just just got about thirty seconds here are you bracing your team on preparing your team that potentially for another second wave here and just got to be quick yes we are we are absolutely preparing for that wave and we will pray that it doesn't happen but we will be there as we always are to serve our community safely and that's really what we're all about all right so much we really appreciate it thank you so much Brian granularity it really thoughtful conversation realistic conversation about where we are on the medical front as it comes to the health system Carol he is the CEO of Atlantic health system journeys on the phone from Morristown your great state of New Jersey and my great state of New Jersey and just understanding a bit more of what life is like on the other side and I think you know the more information we know the more secure we will feel about kind of re entering and so it's really great to get some time with him all right coming up we're gonna check in on a an interesting story that's in Bloomberg businessweek magazine this week and it all has to do that active passive management kind of added again all right let's get FirstNet.
Bloomberg News Killed Investigation, Fired Reporter, Then Sought To Silence His Wife
"Mike Bloomberg's presidential bid led to tough scrutiny particularly about his company's frequent reliance on nondisclosure agreements for employees. One of the people under a nondisclosure agreement is a former employee who years ago worked on an investigative story about Chinese leaders. Bloomberg News killed that story. It also tried to silence his spouse. Npr's David Folkenflik reveals. What happened at debate? Elizabeth Warren Challenge Bloomberg. What about complaints about him Mr Mayor? Are you willing to release all of those women from those nondisclosure agreements? So we can hear their side of the story. Bloomberg tried to move past it. We have a very few nondisclosure agreements. Finish Bloomberg's blase response outrage the writer late. Hong fincher full disclosure award supporter finger points to the widespread use of such as by the company. Bloomberg founded the company uses them to handle complaints of sexual harassment and hostile work environment. According to reports ventures complaint is not that. I don't know exactly what happened to those women but I do know how incredibly terrifying it is to be threatened and bullied into signing a nondisclosure agreement in two thousand thirteen ventures husband. Michael Forsyth was a reporter for Bloomberg News in Beijing Bloomberg had already published his team's investigation into the wealth of the families of Communist Party leaders. The Chinese Ambassador had warned the company against publishing death threats followed venture and forsyth moved to Hong Kong yet. The team kept reporting. He continued to do an investigation and it was that story. This story on longed in China's honest man and his ties to senior Chinese Communist leaders including Jinping Z. Had just become president of China and I saw these emails from the editors praising it meaning the reporting saying that. Yeah it's it's. We're really excited about this. We can't wait to move it forward. Three former Bloomberg journalists verified this account after that however radio silence. The story never ran Serrao Mike. Her husband Mike and some of the other reporters. And Editors who had been working on this story. Just we're asking for answers about why. Why was this story killed the famously intense founding editor in chief of Bloomberg News finally weighed in? That's Matthew Winkler back then. To Editors told me the story needed work. That's not the reason we are cited for killing it. It is for sure going to invite the Communist Party to completely shut us down. Take us out of the country so I just don't see that a story that is just divide. This recording winkler on in October twenty thirteen conference call weekly praised the team but warned about covering the Chinese regime which he called it everywhere and who they are and we should have no illusions that the Chinese authorities had search Bloomberg's bureaus delayed visas for reporters and ordered state owned companies not to sign new leases for Bloomberg terminals the terminals offer subscribers specialized financial data and are the most important source of the company's profits and China was seen as a growing market and a strategic priority again. Matthew Winkler is the information they do have away that enables car to report but not Elsa Prophet Bloomberg News N Winkler. Who's retired as editor in chief declined to comment in two thousand thirteen? Mike Bloomberg was mayor of New York City and denied Bloomberg News Killed The China Story. Two months later back at the company he founded asked about the China controversy again. Mike Bloomberg said it was arrogant to impose American values on others if a country gives you a license to do something off with certain restrictions. You have two choices either. Accept the license and do it that way. Well you don't do business there. Npr also obtained audio of these remarks. Mike Bloomberg to his global newsroom Bloomberg said the newsroom should be proud of its China coverage then said all organizations have bad apples. Some staffers thought that was aimed at the China. Investigative team. Bloomberg News fired Mike Foresight. He was accused of leaking news of the killed project other outlets. He landed at the New York Times and would not comment for the story. He signed a nondisclosure agreement with Bloomberg LP lawyers for Bloomberg's company pressured someone else to sign one foresights wife later Hong fincher. The company's lawyers threatened to force her to pay a six figure sum if she didn't agree to keep silent about her husband's work. Here's venture. There was no reason why I should have to sign a nondisclosure agreement. Because I didn't possess any damaging material about the company venture recalls being summoned to the high rise offices of Bloomberg's Hong Kong lawyers. Her husband was there too. And then this lawyer from New York on that. I mean giant image of his face on the video screens said but what about all the evidence? That's in her head venture says. She walked out of the conference room and left the building. They assumed that because I was the wife of their employees. I was the wife I was just an appendage of their employees I was not a human being ventures former CNBC correspondent who was finishing up PhD. She bristled and hired top-flight lawyers and finally the company let it go now. Mike Bloomberg has returned to his company. Wants more but venture isn't letting her question go. What else in his newsroom she asks is hidden by those nondisclosure agreements.
Super Tuesday: Primary Election Results
"Today the focus is on the Democrats on what's called seat which Tuesday the bags and boxes joins us now live from California which is the biggest prize there were a couple of ways to figure results on to him yeah they're they're absolutely are Leon the first is states wide gives a broad brush of success Joe Biden's resurgence by the way in the past couple of days has been absolutely impressive elites account eight stage two four so far still waiting to so these are the bind states Virginia North Carolina Alabama Minnesota Oklahoma Arkansas Tennessee and Massachusetts which by the way is Elizabeth Warren's home state in the Sanders camp California which as you guys have been mentioning is the the big fish in the pond here Utah Vermont Colorado Bloomberg Mike Bloomberg one American Samoa on a number of states he will take delegates on the final count disappointing though that he did not do well in a couple of states that his campaign was counting on Virginia Oklahoma so we're still watching Texas and Maine Texas is the second biggest cache of delegates and right now with sixty seven percent of the votes counted Joe Biden leaves thirty one percent to twenty nine up per cent Liam and did you mention the delegates there how does that work okay yeah it's really complicated Lianna they've made it hard Democrats are doing what they call proportional distribution it is not winner take all the Republicans use that a candidate needs fifteen percent of the vote to get delegates and then their proportion doubt Biden and Sanders have all fourteen states in that category Mike Bloomberg has several stage which he'll be awarded delegates in there what a call then superdelegates which your party officials party workers county representatives and elected officials so we may not know the total delegate and superdelegate count for a for a couple of days I might mention Michael Bloomberg is the founder of Bloomberg LP parent company of Bloomberg
"bloomberg lp" Discussed on Bloomberg Radio New York
"Bloomberg LP the parent company of pretty bad news there's pressure on south Africa's finance minister Tito employed me as he delivers his budget today he needs to convince rating agencies that he has a credible plan to rein in government debt Bloomberg's ammo and basa has the preview of nineteen economists surveyed by Bloomberg this month fourteen expect moody's to downgrade the country to junk this yeah and none of those I think it will happen in the first half the ratings agency how to get outlook on the nation's assessment to negative in November saying it would look to bowl in his budget speech we're a feasible strategy to contain rising date in Cape Town I'm calling about your birthday break you're going violence in India's capital has left seventeen people dead that's off the right wing Hindu groups began attacking mostly Muslim protesters they were demonstrating against the country's new religion based citizenship low peaks have been ordered to shoot writes his on site as well as financing you Daddy and Daddy three decades and finally here in the U. K. the new chancellor rishi Sunak must raise taxes in his first budget to break the government's rules on borrowing that's according to a leading think tank the institute for fiscal studies this leaves you knock with tough choices as he prepares for his first budget on March the eleventh he's under pressure to increase spending on the NHS social care and schools global news twenty four hours a day on it and a quick take Mike Bloomberg pallets by more than twenty seven hundred journalists and the symbol the one hundred and twenty countries I'm young parents this is playing tag and named Raphael thank you so much still ahead on Bloomberg daybreak Europe cash handouts tax breaks a new investments Hong Kong delivers a budget to save an economy wrecked by the coronavirus in months of protests this is the back why do have to sports view today's topic who deserves to win big this season my two cents good drivers I mean that's whether snapshot from progressive let's go to Rick for some confusing metaphors look if you put.
Bloomberg would sell business interests if elected president
"A top adviser for democratic presidential candidate Mike Bloomberg said Tuesday Bloomberg would sell the financial data and media company he founded which bears his name if he's elected president adviser Tim o'brien said Bloomberg would put Bloomberg LP into a blind trust and the trustee would then oversee the sale of the company well Brian told the Associated Press we want to be one hundred eighty degrees apart from Donald Trump around financial conflicts of interest trump continues to make money from his properties after putting his assets in a trust controlled by his two adult sons and a senior company executive Mike Rossi up Washington
"bloomberg lp" Discussed on Bloomberg Radio New York
"The debate stage for the first time tomorrow night according to an N. P. R. P. B. S. newshour Marist poll he reached nineteen percent support of the national survey released today he is fourth with more than ten percent support meeting the DNC's debate threshold Bernie Sanders is first with thirty one percent Michael Bloomberg a second Joe Biden is third with fifteen percent and we should mention Michael Bloomberg is the founder and majority owner of Bloomberg LP the parent company of Bloomberg radio senator Elizabeth Warren and finished fourth in the poll with twelve percent concluded her president today reaching out to Latino voters ahead of Saturday's Nevada caucus Warren spoke in East Los Vegas representation matters having a cabinet having a team that is like the rest of America matters we've got to have representation thank the Boy Scouts of America filed for bankruptcy protection today the filing in Wilmington Delaware is an attempt to work out a compensation plan for sex abuse victims fourteen Americans evacuated from a cruise ship in Japan who tested positive for corona virus are back in the U. S. Melanie herring described the experience of flying back to the US border government chartered flight we were all exposed to each other just sitting next to each other in in our seats so you know we don't know who was a carrier who wasn't you know we had to just protect ourselves some were taken to specialize national quarantine unit in Nebraska the rest are under quarantine at Travis Air Force base in California global news twenty four hours a day on air.
"bloomberg lp" Discussed on Bloomberg Radio New York
"Bloomberg the founder and majority owner of Bloomberg LP so welcome both you good to have you here so sure we start with you you've done a lot with China yeah do we trust the numbers because this week China revised upward the number of cases substantially from what we thought it was I think as with all other cases in China just like the GDP numbers and other data that we have looked at people who have been watching China did not necessarily believe the data that they were saying there was a question mark as to whether then there was a shortage of kids to test people or whether the government was actually limiting the number of kids and of course we just had that revision in terms of the kind of testing you need to make sure we knew if somebody had the virus or not I think the government is not all along since you know the first case in December that this is a bigger problem but they've tried to manage the news just like they do with other data and I think it has now created a major PR problem for the leader and his and his party a major PR problems D. but is also a major problem for investors for J. power for that matter try to get your arms aren't projecting what is going to happen you have to know where you are we don't trust the numbers how do we know where we are well we don't and that I think Jay Powell was appropriately candid about that and all we can do is watching wait and see how the data on falls I think there is a perception in the market and outside he certainly knows more about the actual facts around us there's a perception the market that this is not going to be a life changing lots of bad expression not gonna shaking of hands from my economic point of view and that we may even be on the down which side of the curve in terms of the number of cases and so on and so forth but is it possible markets getting too eager to call as a V. rather than you or even now well I think there's a lot of things going on the market which we can talk about whatever you wanna and not just the corona virus as to why the market moves what moves but if you go back and look at the experience around sars it was a V. basically in the market went down it turned out I went back up again and at a different completely different set of facts but the same thing happened in March of two thousand and nine when the market look like it was collapsing and suddenly it became a V. so I think there are a number of investors who look at this I want to be careful they don't run for the exits just as just as the parties resuming his desires right that is that the right and what I think Mr isn't really important I log even though they're not that point on this is that size of the economy in China was much smaller and the interactions and sort of the global nature of China's exports was different but I think what Steve said is really important in the sense that with what's going on in China if you look at the actual numbers markets are not down that much not the way we would have expected them to be the other thing which is very interesting because if you look inside the numbers technology stocks you know are doing well anything related to the internet for people are using the systems to buy goods and get things delivered are doing well buy a logics and and health sector are up like eight nine ten percent depending on what you're looking at so within a market that is very very stressed in the market for people in a less than ten percent of the labor in many parts of the provinces larger provinces are coming to work it's interesting and frankly a little surprising that the Chinese market itself has not been affected as much as let's say the total market in Indonesia or some of the neighboring countries so with the sars what are the I'm sorry court of ours does because it in turn J. Paul was as well what tools he had to address a downturn and he basically said don't kind of monetary policy what the fiscal low interest rate environment also means that it would be important for fiscal policy to help serve help support the economy if it weakens putting the federal budget on a sustainable path when the economy is strong would help ensure that policy makers have the space to use fiscal policy to assist in stabilizing the economy during a downturn a more sustainable federal budget could also support the economy's growth over the long term since the destruction we've got a budget proposal of the trump ministration this week and it certainly had stimulus in it we have deficits going to thirty trillion dollars eventually I'm not sure that Mister power call that sustainable no I think what the chairman was saying and fat and fed speak was that he was not happy with the trump budget not so much the proposals as their policies and other civil but like watch what he does not what he says they put out a budget document that does he radically provide for balance and I think it's twenty thirty five or something like that but everything they've done since they came in office was to massive tax cuts massive spending increase in concert with the Democrats in fairness and so basically you had more than doubling in the budget deficit from less than half of a truly inter trillion just because of that so I think what Powell is saying is there is not much space on the monetary side we talked about this before we talk about it again but he's also saying at the moment there isn't necessary that we haven't made enough space on the fiscal side either because the trillion dollar deficits big enough by itself okay we're back with a contributor shortly if you missed an episode of Bloomberg Wall Street week.
Bernie Sanders is now the front-runner. And moderates may be too divided to stop him
"Bernie Sanders can claim the wind but it might be difficult for him to claim presumptive front runner status given the results behind him more am I wrong well I I would call the presumptive front runner either but I I mean there's no question that he is the front runner along with former south the mayor P. Bridgette Jimmy nor heard people to judge a couple years ago and here's a guy who has a strong showing by all accounts one the Iowa caucus and then as another strong showing in New Hampshire Bernie Sanders someone who is completely completely captured the attention of the left wing progressive base so now this competition moves on to Nevada and South Carolina we also should note that for the demise of the downfall of former vice president Joe Biden I'm not writing off he's there's still the contest in South Carolina which is a much more diverse electorate he says he's got a south Carolinian firewall but this is why Iowa and New Hampshire for all the pond in saying that they're not important why they are important because it has taken the wind out of the sails of Joe by here there's some new winded some new cells today with senator in the culture although you could argue that the Iowa and New Hampshire contests have out sized importance in the democratic race given that they represent less than two percent of the overall delegate count so I'm and where does the race go from here okay is it not in South Carolina you're absolutely right there are a lot of folks who are saying that you know maybe we should re think the way that we do the system and and and what not either way though it is an important our process as it that's candidates and vetting is incredibly important and it allows for the candidates to draw some caught some sharp contrast against one another oz so we should note that former New York City mayor Michael Bloomberg is going to be a factor in this race especially with Biden's decline US senator Elizabeth Warren who is nearby in Massachusetts she had a terrible showing here and in New Hampshire she finished fourth machine be Biden and cold which are I think club which are goes to New York City today she tries to get some donors are trying to get some money and so yeah we we we go on word for disclaimer former New York City mayor Michael Bloomberg is the current founder and majority owner of the parent company of Bloomberg radio and television Bloomberg LP you talk about non household names like Pete but a judge you could also argue that Amy called a shark coming in third place isn't exactly a household name either fascinating to see them emerging to try to capture the moderate wing of the Democratic race here when Joe Biden when he first entered was not just a household name but the presumptive front runner at what do you make of the shake up in this race now Lloyd's is it's it's the biggest story I mean just when you think of where Joe Biden started and where he is right now it's remarkable and that is why Iowa and New Hampshire are important is because at his his lackluster showings in those two states have really significantly hurt his campaign and his trajectory and its and its raise serious questions about his longer term viability does this raise the importance of South Carolina in this contest dead no but no question I mean provided to pull out early yesterday of New Hampshire and did go to South Carolina just shows how that really is in many ways shaping up to be his last stand where does Elizabeth Warren fit now with Bernie Sanders running away it seems at least at the moment with the progressive vote won't two points on that first and foremost in her campaign put out a memo saying that she is well positioned to continue onward through super Tuesday but there are serious questions about how much longer she can last a and the second point that I would make is that I would caution against people assuming that Elizabeth Warren supporters of Bernie Sanders supporters by default I there's a lot of polls and secondary pulls a morning consulates on a great job on those that show that allow that Elizabeth Warren supporters second choice actually booted judge met a lot of a lot of Warren supporters go for pretty judge so you know I I would caution against that that would arguably muddy the waters even further for democratic voters who might be still undecided in this race talk a little bit about the undecided factor here and potentially the independent voter factor here when you know that is a lot of the story in New Hampshire itself I mean that kind of encapsulates that doesn't it right Democrats say that it's because they're all excited about defeating the prospects of defeating president trump but Republicans say that they are thrilled with the lackluster these yes and that they've seen in Iowa and New Hampshire that we should note if you have your voting turnout was on level with last cycle this is so much of the story heading into this early voting Kevin is to relieve Bloomberg radio television chief Washington correspondent has been about the question between electability and purity in the democratic race now that we've seen some voting happening and you know strong showings from Bernie Sanders can Bernie Sanders make and argue our our our make an argument for electability for himself now yeah absolutely can I mean and and he beat moderates this is what I'd the exit poll data you Norman dated but but what is it we have you on this be is that one and so but the Bernie Sanders in New Hampshire according to the CNN examples beat did better with moderates and Joe Biden we let that sink in for a second Bernie Sanders did better with moderates in New Hampshire then Joe Biden that's a stat that you're going to hear the the Sanders wing completely echo and reverberate over the next couple weeks didn't wait on water it's you know booted judge one without club which are so pass on that front but he did Joe Biden on moderate and the same conversation we were having last cycle about the Republicans and that's why I'm so you know I'm not bullish at all on talk of a broker contested or whatever you wanna call it convention is because for most Americans who aren't as politically obsessed as you and I and my friend Dave you whoever gets the most wins the most votes as a wind booted judging Bernie keep winning Bloomberg chief nerd that chief Washington correspondent seven zero eight thank you as always for being with us from Manchester New Hampshire part of our team coverage of the democratic primaries and caucuses as we go on to Nevada next weekend South Carolina the weekend after that super Tuesday and
"bloomberg lp" Discussed on Bloomberg Radio New York
"Presidential candidate is the founder and majority owner of Bloomberg LP parent of Bloomberg radio now global news update now the new magnitude five point nine aftershock earthquake kit Porter Rico this morning just days after the island was hit with a six point four quake U. S. Geological Survey geophysicist Randy Baldwin this morning the six point four probably weakens some structures and then they can you know be susceptible to further damage with this aftershock sequence going on there are no immediate reports of the extent of damage or injury much of the island has been without power since Tuesday's big quake at least three people have died after severe storms swept across parts of the Gulf coast and southeast U. S. in Louisiana the bodies of an elderly couple were found near their demolished trailer by firefighters early this morning the northeast will have spring like weather today Iran today admitted its military shot down a Ukrainian passenger jet on Wednesday one hundred seventy six people died when the plane crashed shortly after takeoff from Tehran's main airport Christopher I'm very results you're listening to a masters in business on Bloomberg radio my special guest today is Matt been can Dorothy is the CIO of on total quality growth which manages about thirty five billion dollars let's talk about markets today a little bit I'm you mentioned earlier equities have potential where do you think we are in the overall equity cycle and does that impact the way you construct a portfolio yeah I think in never digging into the trillion dollar question right right where is the world going you know and and not to dodging classic faction but you know we want to build a portfolio right don't need to know the answer to the question number one I think that's the key you investment success not having to answer these trillion dollar questions in you can a remarkable you can invest that way without having to need to know that answer but putting that aside and just sort of a which by the way is arguably unknowable yeah exactly hello the the the unknown gnomes or however the Rumsfeld pain thank you know quote goes in but if anything if you step back you know honestly in terms of looking at the data and the facts you know the economic cycle you know as still good underpinnings we look the fundamentals of the US economy but we got to say were later stage an earlier stage right I mean I think just having some context of where you are is the only thing you can kind of get down to if you are top down I think even that can help though as well and that I say that to it in that you know you've seen this letter fits and start at around the market in in this concern of well people shift out of growth to value again you know we've also we talked a lot about fixed income equity and passive active but there's also this other battle going on a raging between styles and growth and value in value and had a long period of success then as now been in the doldrums and people just waiting with bated breath for this big rotation back in the problem there I have to your inner sort of where are we in the cycle question is the only place refined a bit of relative cheapness becomes a lot more commensurate risk in terms of cyclic Halliday so if you want to Wade into those waters here you better know the answer to the question you're asking me because that's the danger investing when you look at P. that might look relatively cheaper but the E. disappears so actually you thought you underpaid but you ended up over paying because your E. wasn't predictable and disappear which is also a big piece of the rescue want to mitigate with better quality businesses as a starting point as long as you know where the key is should roughly be you can actually can start to strike a more appropriate approximation of what that business is worth but when the E. is uncertain you got to know where you are in the cycle and as I said in context you have to think were later rather than earlier so if you can identify a company with the predictable reliable easy a reliable earning stream does that company demands of premium as investors at a higher valuation for that Rick earning stream yeah I think that's a you know the other you man nature element you know we capitalize on and I think people need to capitalize on right where it were as people were sort of generally but cheap right were always looking for a deal right that's why sales work signs were advertising works deal deal deal X. percent off it's like a magnet right we we are attracted to that that's human nature and what you're missing that when you take that behavior aspect to the finance world into investing is the reality that you get what you pay for in life very much so in investing so to your question yes you should pay more for a better business with a longer tale of earnings growth because also one problem we have in investing in the finance world as were as many smart people are in this industry as sophisticated as the industry is it's actually still pretty rudimentary when we look at important things like valuation right people often are looking at P. E. simplistically P. one R. F. Y. one P. out one year there's a real lack of imagination right in that in that analysis right because the earnings where they aren't five years should would be a really knows where they are in ten years should be were what really matters right so if you're myopic least doc in this world were you looking at current P. or even just FY one FY two P. you're really missing the forest for the trees there you need that he five and ten years out and that's where quote on quote paying up for it are paying more for it today actually is delivering you a lot of inherent investment value because that embedded values out in the tail the tale of the growth of the business in the sustainability of the business the so in other words you're a long term investors what you're saying here it's one of the only vantage is you can have right is the basics and when we stick to the basics and look you know call us you know say maybe we have a lack of imagination because and like all great things are often great this is great fortunes all right we we stole it from someone else we we took it for Warren Buffett right we took the playbook and we just try to apply discipline with a great team in a stable team to that I think that's where you had a lot of value to and continuity knowledge is cumulative having a great team intact for a long period of time all buying in buying into the investor religion being disciplined you have to be long term to your question you did is the one basic advantage you need to exercise yet we live in a world in in an investment construct where everything is happening to fight that right everything is trying to break you down says from a long term right and its walls so why when people look about it talk about investing today you know has gotten harder easier actually know the dynamics are are quite similar once again you know the more they change the more they stay the same the environments probably got more volatile more violent so the advantage of buying holder patience is as prevalent I think as it ever was I think the distractions are greater today in faster today than ever before but I have to ask you a question that you alluded to with some predictions and I'm not asking you to make a prediction I'm asking you how do you as a portfolio manager deal with what seems like a never ending stream of geopolitical events occurring in real time so earlier in the fall we had the impeachment inquiry begin in the house of representatives you had the brexit slash UK Supreme Court eleven to repudiate Boris Johnson you've been of global investor European investor now US investor do you look at or even think about these geo political events or are they just background noise that do not affect the E. five years out yeah I think there's two pieces you know one you really do as we talked a lot about after we just focused on the business business business but on the other hand you do have to have a pulse a finger on the pulse you know the market where they're at because that's what can bring you greater opportunity right understanding what the general feeling of sentiment is and where that's detached from real long term reality so you do as a purfling Mandarin as a master they have to have your hand in both of those pockets right the most important one though still being get the business right in the key to managing as you've said and we've done it quite successfully fortunately all this as I called earlier to this return to normalcy in volatility uncertainty with terror of some trades and and and and political chefs you know the best way we've been prepared for that is having businesses that wouldn't be largely affected by that nets are shocked people sometimes yeah you can do that actually you know you can you can have businesses that are much less affected by the macro much less affected by the geo politics in a much better less affected by shifts in disruption in certain industries that's been your best game plan over the last couple of years versus trying to predict the next tweet and where terrorists are going over the next outcome of the next election right that has been your road to success but having your finger on the pulse as I mentioned does help when you realize people are getting a bit manic about it you know we are we are people and we get friends eating we get manic so if you do fall this and we do you know you follow closely I read three newspapers a day I think you you have to keep it keep your finger in the flow of how public sentiment is moving because you can use that to your advantage back in the vessel even with quality companies taking advantage of excessive pessimism optimism what what about something that it started regionally and now is looking like it might become global something like negative interest rates Japan has had them for a while they seem to be now expanding in Europe there literally trillions of of dollars with a negative coupon can this come to the United States do you worry about whether or not this way will have an impact on your portfolio yeah I'm much more worried longer term about binary vents you know then I need to because our style day to day or cyclical events and there's two I worry about one I think you know there is no such thing as a free lunch and this this this disease experiments an exaggeration and extremism in monetary policy they have a pay back right then we all we all kind of have an idea of what it could be but we won't guess it exactly and will probably miss out on the magnitude of it but there will be a pay back for the negative interest rate environment right there is no free lunch on that so is that pay that going to be you know I think in the bond market it's going to be very difficult because you know is often where we don't Sir see around the corner right were focused on the near term goals you know that a major central banking goal right is to spur inflation right and lets you know if if god forbid their successful in that you're going to decimate coupon investors are it's in order to achieve their goal they're actually gonna because the great damage at the end of the day so I think that is clearly still the problem you know there is this tendency and I know it's sort of been like the you know screaming fire in a crowded movie theater for a while you know fear of inflation fear of inflation fear of inflation I can't tell you when it's gonna happen but I can tell you there's great effort to do it and there are tools to really do it if you want to go to extreme and so that will end up in a poor pay back I think for investors who are in negative yielding securities I think that's a problem the other issue I think aside from that and the interest rate backdrop is what we're facing in terms of I called the sort of balkanization of the world you know what we see it playing out in geo politics is not about terrorists it's not about a current account deficit you know has wider ramifications if we continue we're sort of pushing this world and and I'm not saying continue in terms of a political sense of of it being right or wrong but just the path we're on generally speaking which I think doesn't have to do with just one present OR one admins meaning D. globalization or something more specific unnecessarily total de globalization but you're you split the world in two to three years in a lobby the U. S. western sphere and then they'll be the Chinese spear right you know be people have to make a choice are countries that to make a choice of which sandbox you wanna play in we have been speaking with Matt Benton Dorf CIO of on total quality growth if you enjoyed this conversation be sure and come back for the podcast after is we we keep the tape rolling and continue discussing all things quality growth you can find that at apple iTunes school the podcast stitchers Spotify where ever.
"bloomberg lp" Discussed on Bloomberg Radio New York
"Founder and majority owner of Bloomberg LP parent of Bloomberg radio now global news update now the new it's not like man this is about to begin in Bethlehem at the site where Christians believe Christ was born correspondent Oren Liebermann is at the church of the nativity in manger square earlier today we saw parades Christian schools and organizations March through manger square to the church of the nativity play traditional Christmas songs adding a festive almost a vibrant was a major square at the Vatican thousands are on hand at Saint Peters for midnight mass that'll be celebrated by pope Francis documents turned over to the FAA reveal bowling employees including a key test pilot question the company's commitment to safety in the manufacturing of the troubled seven thirty seven MAX yet former Republican congressman Dave try out of Detroit calls president trump psychologically morally intellectually and emotionally unfit for office trucks as he'll consider voting for Democrats twenty twenty the Dow down thirty six hi Michael from the Bloomberg interactive brokers studio this is Bloomberg best we continue the conversation now between Carla group co founder David Rubenstein and Supreme Court justice Ruth Bader Ginsburg show after your courtship you ultimately got a position as a law professor at Rutgers yes in two when I was working for the Columbia project on international procedure and how did you get connected to the ACLU and and the your trail blazing efforts in gender discrimination and gender law in the service from my students at Rutgers who wanted the horse of women and the law so I repair to the library and inside of a month and then every federal this is an ever let them back Jan in the law it was no mean feat there was precious little and at the same time complaints were coming into the New Jersey affiliate of the ABC and complaints of the kind the ACLU had not seen before.
Michael Bloomberg launches Democratic presidential bid
"Former New York mayor Michael Bloomberg is shaken up the twenty twenty democratic presidential race he's officially announced his campaign over the weekend Bloomberg joins us joined an already crowded field of candidates a right now we're looking at his candidacy with ABC's Erin to Turkey an error in this morning I'm get ready to come in to work I see a Bloomberg spot right here in Denver so he's off and running are there advantages or disadvantages getting into the race at this time well look the the disadvantage of course is that he's seen as a late entrance where you know less than three months from the first votes in Iowa but but Bloomberg strategy is to basically ignore Iowa and New Hampshire and South Carolina and Nevada and focus on the super Tuesday states where forty percent of the democratic delegates will be awarded it's a strategy that's been tried before never successfully but Bloomberg has the advantage of of near limitless resources and already as you say you spend the money on ads before he was even a declared candidate thirty seven million dollars on an ad by I didn't realize that there is an opening for a seventy seven year old white male billionaire I I thought that was bad oxygen in that room was taken up I I I I I is it is it do you think Bloomberg is displeased with the current candidates or real really is this about his eagle wanting to do something else no I I I think this is tacit criticism of Joe Biden I think it has to be read that way Bloomberg eight months ago said he did not see a clear path to the nomination he is famously toughest areas when it comes to data and you know the the the the campaign Sir is in god we trust everyone else show me the data and so he he never saw away that he could capture the nomination I'm not sure the calculus is necessarily change but in his head he has become increasingly worried that the current crop of democratic candidates but couldn't do the job in November of of beating Donald Trump so he decides to get into the race pitching himself as a doer a job creator Bloomberg LP and is about twenty thousand people but someone as a billionaire who may be seen as out of step with the current democratic electorate in Erin's five democratic a you know debates and everybody took a little bruising here and there now here comes this knight in shining armor without it being on skates really right now would this be an advantage for I mean look at it it's really easy to be cynical about any late entrant into the into the campaign and I think develop Patrick is seeing why it's it's not really useful at this stage but on the other hand no one has the the financial resources of Mike Bloomberg and and or or the resume quite frankly is as three successful terms as mayor a philanthropic endeavors that are right in line with democratic priorities on gun safety and climate change and and and and kind of a ground up type story that is compelling to a lot of voters now he is not going to be on a debate stage because fundraising is one of the criteria and he's not going to do any fund raising but the debate so far really haven't seem to matter if the candidates that go into the race one two three four five six seven eight nine ten come out of the debate in the same order so yes while a couple have been bruised a couple of had nice moments the debates haven't done anything to move motor opinion well and I wonder if that's intentional too because of issues he's had comments about the me too movement and also the issues that he has with African Americans would stop and frisk he has enough to answer at least in the early portion of this any of those questions well the RT apologize for stop and frisk and I was a clear sign that he was going to get into the race and and that's a policy that I think may have had you do in his mind a bit appropriate for New York in two thousand one when he came into office but Manson really warm well with the democratic electorate so he'll undoubtedly continue to face questions there because as as as you suggest there's a lot to like but there's also a lot to criticize if you're a Democrat about Mike Bloomberg's policies and Erin as you alluded to he's paying for everything fundraising is all coming out of his pocket and then he said I'm not even gonna take a salary does this add a little burners to the shine well I mean maybe it is there something attractive clearly and and look at you know Donald Trump was not entirely self funded but but do something voters clearly like about not being seen as beholden to a a particular agenda and I I think if if that's something that's attractive to to you as a voter did there's nobody is less beholden than Michael Bloomberg it is A. B. C.'s Erin to
"bloomberg lp" Discussed on Bloomberg Radio New York
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"bloomberg lp" Discussed on Bloomberg Radio New York
"Career one where you can be part of solving complex challenges across industries and geographies? Bloomberg's ever-expanding technology data news and media services foster innovation empower clients over nearly limitless opportunities for career growth. Visit Bloomberg dot com slash careers today. The view our current job opportunities. Bloomberg LP is an equal opportunity employer. The address once again is Bloomberg dot com slash careers. If you're an experienced trader or investor looking to become an independent registered investment adviser. Take the step to advisor independence at interactive brokers. Enjoy the freedom and flexibility to run your own business with no contract, minimal startup and overhead costs, registration and compliance support from our affiliate Greenwich compliance, and our free CRN system to help you manage your entire customer life cycle IB provides trading clearing, custody reporting and automated client billing for advisors of any size. Visit ibkr dot com slash advisors. Business. Data is growing at an unprecedented rate, and it's harder than ever to keep track of data on multiple servers workstations mobile devices and other in points, which means it's more important than ever to develop a complete data protection strategy for your business that we're carbonite comes in carbonite has built a comprehensive data protection platform with plans for businesses of every shape and size. Carbonite offers affordable backup availability and migration solutions with creaming performance and advanced options for. They have every tool you need to keep your critical systems up and running and more importantly carbonite can help you determine where your data is most vulnerable and ensure that the data you depend on today will be there when you need it tomorrow with trained experts in award winning customer service carbonite can help you design. The custom data protection strategy. Your business deserves get started today at carbonite dot com. Imagine.
Shares of cinema chains tumble, led by AMC, on report Amazon is eyeing Landmark Theatres
"Maker and retailer. Was raised to buy from halted Argus. Research the other hand coachee down four percent the cosmetics maker lower, to, quibble of self from by at Bank of America Merrill Lynch and I should note movie theater. Chains down 'cause we reported people familiar with the. Situation telling us that Amazon dot com is in the running to buy the landmark theatres chain owned
CLBS Firing On All Cylinders, SLDB Gets Ignited, SRPT Walks The Talk, SRRK Rocks
"The sort of index when you look at small and mid cap stocks is down a little bit more than twelve points that works out to seven of a percents smaller companies basically following along with larger ones when you consider the s and p five hundred also down seven tenths of a percent while the russell's steepest declines belongs to the max whose ticker is s y x the industrial distributor is down ten and a half percent always securities firm to cover the company sadate cut its rating to neutral from by laurie and ticker t l l has lost ten and a half percent the liquefied natural gas companies raising one hundred and eighteen million dollars by selling the equivalent of a five percent stake and rhythm pharmaceuticals ticker are ytm is also downtown and a half percent the obesity drug developer foul to sell one hundred and fifty million dollars of stock now the rocks those biggest game belongs to surrender therapeutics ticker srp rpt it's up sixty six percent the drug maker released well received study results on a gene therapy for a former muscular dystrophy that affects children and solid biosciences ticker sld be has risen thirty eight and a half percent us regulators allow the company to resume research on e gene therapy that would compete with raptors treatment dave wilson bloomberg stocks editor columnist and blogger mlive go on the bloomberg thank you very much show who will blink first that is the question that a lot of people are wondering as china and the us simply amp up their trade fight china saying that it will act forcefully on trump's two hundred billion dollar tariff threat here to give us a sense of what we ought to be paying attention to mike mcdonough chief economist for financial products at bloomberg lp mike thank you so much for being here you spend a lot of time in china you have a very deep knowledge of the officials there what's the likelihood that they blink i you know i mean i i've been on the show a couple of times out and i said you know things are going to get worse before they get better and i have to say i'm sweating a little bit now really yeah you know i i just it's it's hard to see frustrations continue to build and one side sides keep flipflopping their positions it's hard to see how you reach sort of grand bargain that makes everyone.
"bloomberg lp" Discussed on Bloomberg Radio New York
"Evenings shares of glencore are up four percent in london and a quick disclaimer peter groure the chairman bloomberg lp is a senior independent on executive director at glencore lloyds banking group is also out with earnings this morning bloomberg daybreak europe anchor guy johnson joins us live from london with those details good morning guy good morning karyn good morning bob the conference kohl has just started a couple of minutes ago so gets more details from lloyds over the next few minutes this is the uk's largest mortgage lender the numbers were miss this morning from the bank the reason full that's the pfi misselling scandal continues to weigh on the institute shen but investors really not focus there that focusing on the strategy going forward from here and the fact that the bank is doing a buyback or planning a buyback loyd's intends to invest four point two billion dollars into technology the back office issue that surrounds british banking we'll be solved by throwing huge amounts of money acts it and we're talking about creaking it infrastructure and invest the seemed to like the idea that lloyd's is starting to spend some more money fixing that and may be taking this blank into the twentyfirst century from london on guy johnson for bloomberg daybreak dr thank you here in the us space x launchers is falcon nine rocket this morning from vanderberg air force base in california the rocket will seek to deploy three satellites into orbit to generate sharp radar imagery of earth that launch is scheduled for nine seven tina's warning wall street time we'll bring you live coverage on both bloomberg radio.
"bloomberg lp" Discussed on Bloomberg Radio New York
"Bloomberg lp is an equal opportunity employer the address once again is bloombergcomcareers from the bloomberg 991 newsroom in washington i'm nathan hager with the latest headlines read headline just crossing your terminal the us senate confirms jerome powell to be chair of the federal reserve succeeding janet yellen when her term expires early next month the vote was eighty five to trial for powell's confirmation he was appointed to the fed board by then president obama in 2012 to be nominated by president trump is chairman last november russia's un ambassador is rejecting secretary of state rex tillerson's assertion that his country bears ultimate responsibility for chemical weapons use in syria vassilevna benzi a says it's a strange coincidence series accused of using chlorine gas just as a new antichemical warfare group is being launched and illinois senator tammy duckworth has just announced she's pregnant with her second child the forty nine year old democrat will become the first sitting senator to give birth global news 24 hours a day powered by more than twenty seven hundred journalists and analysts in more than 120 countries i'm nathan hager this is bloomberg from bloomberg world headquarters i'm charlie pellett texas instruments shares are declining after reporting earnings t i is the largest maker of analog chips that are basic components of almost every electronic device it gave us sales forecast that fell short of some estimates united continental holdings's expecting fair gains early this year as it gets a boost from improving travel demand worldwide and people familiar with the matter sitcom score is working with financial advisers.
"bloomberg lp" Discussed on Bloomberg Radio New York
"Bloomberg lp is an equal opportunity employer the address once again is bloombergcomcareers influential conversations from bloomberg television here's david west it all on bloomberg markets investor environmental less than activist tom style is waging a highprofile campaign calling for president trump's impeachment this last monday he announced he wouldn't run for public office this year instead he's putting a laser focus on this year's midterm elections hoping to usher in more democrats to the house of representatives take us into your thinking here how claire fully did you study this did you actually take a look at what the chances were you might win an election well i said throughout 2017 that i was going to do and our organization was going to do whatever it was that would have the greatest positive difference in trying to move america back to a just and prosperous future the things that i said on monday that we're going to be doing that i'm going to be doing which is organizing and mobilizing young voters doubling down on the need to impeach campaign trying to provide a voice for progressives are things that there's nobody else really trying to do so when you think about making a positive difference i believe that what i'm doing and what our organization are doing is the best chance for us to stand up and move the country back with a group of other people to a much better way of thinking about the future in a much better chance for americans here more interviews like this one on bloomberg television streaming live on bloombergcom and on the bloomberg mobile app or check your local cable listings global business news 24 hours a day of footing but dot gov the radio mobile app and on your radio.
"bloomberg lp" Discussed on Bloomberg Radio New York
"And they're getting that funding with without disclosure without adequate regulation well art to just put it into perspective taiwan for example there was a report that there is there are locations there are merchants they do not accept taper money payments only accepted phone to foam and as a result you can see where this is headed are the regulators once again behind the curve and understanding the value in the potential power of things like apple pay android pay and these phone the phone payments systems without a question and there's a company that i have something to do with called big pay that a rangers for the payment of various merchandise that's ordered in bitcoin uh companies like microsoft and other companies all over the world are accepting bitcoin in payment and so it's changed the nature of international commerce and even domestic murders and it looks like there are going to be more and more kinds of payment systems and they've got to be rationalize and the best way to do that is uh regulation by that i mean disclosure right i was just think it's too much lavas former chairman the sec and of course bloomberg lp board member you mentioned there his relationship for the has with block ching as well features negative three dow futures negative seven yields can be now full basis point two point four six percent with gold down fractionally 1320 ounce i note also again stronger a little bit of a weight to the tape this morning this is bloomberg and now the news in new york city here's michael dr john pm thank you very much at least one person was seriously injured in an early morning fire on the roof of trump tower in manhattan the new york city fire department says the blazes under control one of president trump's sons eric trump says there was a small electrical fire in the cooling tower on the roof the south korean coastguard says thick smoke is still billowing from a burning oil tanker in the east china sea and bad weather is also worsening visibility personnel from three countries are working to find the tanker's thirty two missing crew members and contain oil spilling from the blazing wreck the iranian tanker and a freighter collided late saturday global news 24 hours a day powered by.
"bloomberg lp" Discussed on Minority Korner
"And then at one point he was reading was they worry where it was like what do i do with my life or something like that and somebody yells out i love rhetorical question chance oh my god i gotta go far enough gotcha okay i i know he made it together this is you i would say it's about threefourths of the way through right it's almost over okay kenya people are rowdy and one guy is so angry during a pause he'does shuttle farc up at bloomberg lp naina that's just its existence disrupt sir i know you're listening to the european i know europe set in like everybody needs lee relearn etiquette you don't wanna is i think people are just so use the watching their netflixing home and they can just see whenever the pboc they were all the time if you will forgot like millennials are clearly not going to live entertainment enough to know you can't do you do is it's ridiculous okay so that how did bill respond was showed us communicate with shallow isn't read is quote he was just saying he just ploughed right on through saying i felt creating hurt okay so here is not the point guard filtered in using meredith so here is the minority corner version that i wanted to talk to you about as a bunch of white people will yes but again this is me saying bill murray who k because i i'm glad you're doing this because i already knew i was site i am from.
"bloomberg lp" Discussed on KBNP AM 1410
"And and the beautiful thing about this races in each case the runners already right start running race and so the game plan at least for the next year as well in play accepting higher rates likely rate hike in december another twotothree rate hikes in in october a of 18 and ultimately for investors it's just figuring out the best ways to to benefit from this rate hiking increase in and manage risk profiles along the way and and that might be a riskreduction opportunity trump's nursing survive he's with pip co through thorough early nice uptick particularly i like that unlike work as well david gura with tom keene or look ahead to two thousand eighteen all of bloomberg lp celebrating a lot of intellectual input to try to think about where we had for next two years futures negative street out futures negative seventeen the yield two point three one percent from new york and bloomberg this is bloomberg surveillance on money managers may seem pretty much the same thought whilst some money managers may recommend high commission investment products fischer investments avoids them some money managers may have hidden and layered fees fischer investments never does and while some money managers are happy to earn commissions from you whether you do will or not fisher investments fees are structured so we do better when you do better in other words we're stretchered to be on your side maybe that's why most of our clients come to us from mother money managers.
"bloomberg lp" Discussed on Bloomberg Radio New York
"Court now i'm terms of being a area mary include can which is a wellrun cracked institution but it guided by the profit motive look at that weaker wakeup call that very well written thought quote p by gretchen stay gold sympathy it's eleven think has so much good to get back to some of the securities exchange discussions with the former chairman of the securities exchange commission mr leather also in the bloomberg lp board as well three deford use of forty two yields are in i've been watching gold down six dollars twelve 74 the ons make that twelve 75 the adds a little bit of a grind of he'll yen weaker one thirteen once thirteen 82 this morning let's check now national and we'll headlines tom they're calling about the bar pointless good morning debbie good morning john president trump says there will not be changes to tax divert retirement savings plans under his proposed tax plan trump on twitter this morning said there will be no change to your four zero one k this is always that a great and popular middleclass tax break that works and it stays that appears to shoot down reports that house republicans were considering tweaking or capping the popular tax break sentence of begins today for army surgeon beaubourg goal at fort bragg north carolina burghal pleaded guilty to endangering his comrades by leavings posted two thousand nine in afghanistan and finally yes the astros will take on the dodgers the world series game one tomorrow without us the new york audience will be able to hear the fall classical live on bloomberg radio it's good to know that's good global news 24 hours a day powered by more the twenty seven a journalist battle is more than 120 countries i'm michael barr this is bloomberg david tom pregame it's seven new york is mr reul lender leading off the parade aidid they save him you say this is bloomberg the association of.
"bloomberg lp" Discussed on Bloomberg Radio New York
"Bloomberg lp isn't people opportunity employee air pietrus once again job stopped bloomberg dot com this is a bloomberg market minute burger king sales are high after introducing hotdogs to its menus and spending a lot to promote back burner kings got a good idea word rhumba introducing drilled dog it seems to be a good opportunity because not too many other competitor seldom analyst michael hill and with bloomberg intelligent says be case owner restaurant brands had seen same store sales jump after rolling now dogs there may be an opportunity for them to continue to push out new barry a sense of the dog just you know a couple months ago to came out with the law product is still is is like everything that's on a whopper on a hot dog there could be opportunities for more burdens to come out to continue on that momentum while the hotdogs may not be bringing a new customers can they are increasing sales as an ad on item since they cost less than three dollars having cheaper items on the menu is in a bad thing either now starting at one night only alisa per anti bloomberg radio which would you rather have the advantage of time a power four of information why not all three what to do but he was earlier phase how many of these deals the people convection go by one of attacked with his until something like that the bloomberg advantage with cory johnson and carroll master weekdays at ten am easter they get to wall street listens.