38 Burst results for "Bloomberg S"
Bloomberg Daybreak
Fresh update on "bloomberg s" discussed on Bloomberg Daybreak
"Do stay with us. It is another exciting day in markets for you. Straight ahead. They break Europe is this our day bet U.S. starts right now. Broadcasting 24 hours a day at Bloomberg dot com and the Bloomberg business app. This is Bloomberg radio. Live from the Bloomberg interactive burger studios. This is Bloomberg daybreak for Friday, march 24th coming up today. Janet Yellen says the government stands ready to protect the banking system. The chorus grows louder for the fed to cut rates this year. China rolls out the welcome at for Tim Cook and other top corporate executives. And TikTok testimony falls flat on Capitol Hill. What made hundreds of students sick at a high school on Long Island? Plus North Korea says it has an underwater drone with a nuclear warhead. I'm Michael Barr. More ahead. I'm John stash Cameron and sports, the Knicks and nets lost the rangers one 14s advance to the elite 8 of the NCAA tournament. That's all straight ahead on Bloomberg day break. On Bloomberg 11 three O New York, Bloomberg 99 one Washington D.C., Bloomberg one O 6 one Boston, Bloomberg 9 60 San Francisco, Syria's XM one 19 and around the world on Bloomberg radio dot com and via the Bloomberg business app. Good morning, I'm Nathan Hager. And I'm Karen
CoinDesk Podcast Network
Janet Yellen Vows to Safeguard Deposits at Smaller U.S. Banks
"We're gonna get you up to speed on all that's going on in the world of crypto. Finance, and more, including some comments from the treasury secretary. Is that right? The Janet Yellen say something will. What's going on? That's right. We got a nice Bloomberg scoop to start off the day. Talk about how the FDIC is actually looking to move beyond the $250,000 ensure level for all deposits at most banks. They're looking to basically enact some pretty extreme measures in the wake of both SVB and signature bank being taken over by FDIC and also silver gate voluntarily winding down operations. There's a lot of contagion in the banking sector and they want us to have any more of that from occurring. So we're looking to ease the fears of depositors by increasing the insurance levels to what seemingly are extreme amounts. I don't know, Wendy, your take on it, it seems like this is like a pretty wild step. But it might be necessary given that there's a lot of fear out there in the banking sector. So this was this story was in regards to them using an old law from the 1930s, right? Well? Okay. So with that being said, I don't like all of these random laws that we have in our government. But at the same time, if this is going to help protect retail, if this is going to help protect taxpayers, because taxpayers are going to suffer the burden anyways. No matter what happens, if the banks get bailed out, taxpayers are going to be banks don't get bailed out. Taxpayers are going to get hurt anyway. So I guess I'm kind of okay with them using this law to help the underdogs. But at the same time, it makes me a little bit worrisome because we see them using some of these old laws and these old caveats to kind of destroy crypto and halt the growth in our industry. So I'm a little bit on the fence about it, but at the same time I do want to see retail win and I do want to see people get their money back
Bloomberg Daybreak Europe
Fresh update on "bloomberg s" discussed on Bloomberg Daybreak Europe
"Models for other banks, short order, it would appear to be no longer term. It could be if the market is deprived of some lending capital that can't be replaced by other banks or by capital markets. I suspect that they will all be replaced. Banks and capital markets, but we'll see. The and that takes us into some of the lessons perhaps the lessons for potentially hopefully we're going to learn from this. Are there business models out there that you think are just not sustainable, given, of course, hindsight, but given what we know right now, we need to revisit some of these things, for example. It may be also from a regulatory perspective. Is there a role there too for these regulations? I wouldn't generalize about this as models that are not sustainable. I think there are some truisms and banking. Which we have to reflect. You've got to keep your deposit base diversified and you've got to keep your balance sheet liquid It's a truism in banking. And of course, in the age of social media and bank runs by Twitter or whatever the phrases are that get used. We have to reflect on whether we've all really accomplished everything that we know we must accomplish. I feel very confident that senator chartered has done the right thing and is in the right place. I think most banks are, there may be some that need to adjust their business models. And I'm sure those are in the process of being adjusted. And the regulators and central banks have given the market time to adjust those business models by putting some pretty extraordinary steps with deposit guarantees and extraordinary liquidity facilities and things like that. That was that Bill winters, the CEO of standard chartered speaking to our colleague Bloomberg's David inglis in Hong Kong. Now time is 8 40 here in London
The Breakdown
Is Credit Suisse the Next Banking Domino?
"Right Friends, today we are talking about the same thing that everyone in traditional markets is talking about, which is Credit Suisse. Bloomberg's headline Blair's Credit Suisse and fight to win back confidence as shares plunge. And that headline has recently been updated to the even scarier Credit Suisse ignites global market route as banking fears return. So what's going on is Credit Suisse the next domino is it a big nothing burger? Is it something totally different, but it doesn't matter that it's totally different because all people here is bank failure and they get scared, let's dive in. So Credit Suisse has been looking shaky for a while. It's in the midst of a larger restructuring process by which its investment banking division will be spun out and the bank will focus just on its wealth management division. This is actually its second big strategic pivot in the last two years and obviously in the world of banking, that sort of bobbing and weaving isn't necessarily something investors get too excited about. To say nothing of course of depositors. Now right now, the specter of Silicon Valley bank is hanging not only over Credit Suisse, but the whole banking sector. This is despite the fact that Credit Suisse's leadership says there's no comparison, and that the bank trying to get back to profitability after changing its strategy has nothing to do with the extreme liquidity issues of smaller U.S. banks. However, this morning markets were further roiled when the chairman of the Saudi national bank, which is Credit Suisse's biggest shareholder, said that they would not be investing any more money into the beleaguered bank. The chairman of the Saudi national bank said that the biggest reason is just regulatory and statutory reasons that prevent them from boosting their share beyond the just under 10% they own now. Now as prosaic that might be, it obviously still wasn't good news. CSS shares were down as much as 29% hitting a new all time low. They're one year default swaps are also in a distress zone currently sitting around 18 X, the one year CDS for UBS, and 9 X for Deutsche Bank. Now, all in all, there are two big and quite different interpretations of what's going on. Investor in China perma bear, Kyle bass writes the recent collapse of SVB, signature bank, and silvergate bank was a warmup of larger things to come outside of U.S. borders. Credit Suisse's 5 year insurance against default has gone parabolic this morning, given their capital structure they now have three weeks or less to be sold.
Bloomberg Daybreak Europe
Fresh update on "bloomberg s" discussed on Bloomberg Daybreak Europe
"Is not over yet. It's a historic day of Switzerland and a day frankly we hoped would not come. The company does recognize that there is some volatility in the market, but we believe the UK financial system is fundamentally strong. This visit is really a demonstration. China stands with Russia China is not going to turn its back towards Russia. Bloomberg daybreak, Europe. On Bloomberg radio. And they say 30 a.m. here in London good morning, I'm Caroline Hepburn. And I'm Anna Edwards, this is Bloomberg, daybreak, Europe, and I know we're going to check the markets in just a moment, Caroline, just a quick wedding breaking news. German march, services PMI coming in better than expected at 53.9, the manufacturing number, though 44.4, and so just as we saw with France, manufacturing coming in in contraction territory and worse than expected but services outperforming. Yeah, absolutely. So let's have a look at the markets this morning. That not so rosy at all. European stocks are down 6 tenths of 1%. You've had a number of strategists turning a bit more negative talking about Citigroup, the end of the year at four 45 for the stock 600 IE, barely changed from today. Stock futures for the U.S. open are a bit more positive now that features up by two ten to 1%, that index flirted with a bull market yesterday. We saw a bit of a sell off across really Asia still plenty volatility in bond markets, two year yield dropped 8 basis points this morning at three 76 for U.S. yields and the Bloomberg dollar spot index is stronger to tenths of 1%. Okay, so those are the markets. Let's get to our top stories. The Bank of England has pushed ahead with another hike, taking rates to their highest level since 2008. The Central Bank raised its benchmark lending rate by a quarter point to 4.25%, BOE governor Andrew Bailey says the bank still expects price rises to slow this year. We've seen as we noted
The Breakdown
Silicon Valley Bank Becomes Largest Failure Since 2008 Crisis
"For the purposes of our conversation today, the key dynamic in silvergate that we want to think about is this idea of a duration mismatch between short term deposits and long-term loans. It is also worth noting at this point that banks having that sort of duration mismatch isn't necessarily them acting badly. It is fundamentally what fractional reserve banking does. Joe wiesenthal from Bloomberg tweeted, every time a bank gets into trouble, people are like, they took short term deposits and made long-term loans. What were they thinking? As if that's not the business model of every bank ever. All of which gets us to Silicon Valley bank. For the TLDR in this situation, I'm going to turn to a great little explainer from investor Jamie quint. Jamie writes, in 2021, SVB saw a mass influx in deposits, which jumped from 62 billion or so at the end of 2019 to around a 190 billion at the end of 2021. As deposits grew SVB could not grow their loan book fast enough to generate the yield they wanted to see on this capital. As a result, they purchased a large amount over 80 billion in mortgage backed securities with these deposits for their hold to maturity portfolio. 97% of these mortgage backed securities were ten plus year duration, with a weighted average yield of 1.56%. The issue is that as the fed raised interest rates in 2022 and continued to do so through 2023, the value of SVB mortgage backed securities plummeted. This is because investors can now purchase long duration, quote unquote, risk free bonds from the fed at a 2.5 X higher yield. This is not a liquidity issue as long as SVB maintains their deposits. Since the securities will pay out more than they cost eventually. However, yesterday afternoon, SVB announced that they had sold 21 billion of their available for sales securities at a $1.8 billion loss, and were raising another 2.25 billion in equity in debt. This came as a surprise to investors who were under the impression that SVB had enough liquidity to avoid selling their AFS portfolio. So as you can see, here we again have the same structural problem faced by the assets in silver Gates portfolio. Those assets had unrealized losses because interest rate increases in the wider environment had made them less valuable relative to government bonds, which wouldn't have been an issue unless they were forced to sell, but boom, all of a sudden they were forced to sell.
The Charlie Kirk Show
The Worst Mayor in Chicago History Is Gone!
"Home Chicago. Yesterday, the first round of voting happened in the Chicago mayor's race and beetlejuice, Lori Lightfoot has been defeated. Now we should enjoy that for just a second. And we should talk about why that is the case. Why is it that Lori Lightfoot was soundly defeated? She finished third place, not even to make the runoff. And first place was Paul valles, who was a Democrat and for years he was considered to be not exactly a moderate Democrat, but by new standards he's actually more moderate than the Marxist Brandon Johnson, who is also going to make the runoff. So it went valis Johnson and lightfoot. Lightfoot has been the mayor of Chicago, the last couple of years, and she is without a doubt the worst mayor in Chicago history. And that says something because there's been some pretty bad leaders in the history of Chicago. And one of the things that frustrates me the most as someone who grew up in the suburbs of Chicago and loved Chicago is that this is not that hard. There are three very basic things. That you have to do as mayor. Just really basic things. Make the streets safe, try to improve your schools every single year and don't borrow money you don't have and have basically have some sort of a vibrant economic plan or model that is implemented. That's it really simple and basically any city is like that. You take New York City, New York City was declining. Rudy Giuliani became mayor and turned that place around. And Bloomberg to his great credit was a moderate mayor and New York was a safe place for years. Now if there are other issues to homeless, homelessness, that plays into clean and safe streets. And it does beg a question, why is it that Democrats are so comfortable running cities that are becoming so enjoyable, so messy? It's because they're ideology actually is more important than the reality. So
The Block
BitFlyers exCEO vies for former role Bloomberg
"12 a.m. Monday, February 27th, 2023. Big flyers XCO vise for former role Bloomberg. Ex bit flyer CEO yuzu Kano is seeking to take back his old position and lead the company to an initial public offering, according to Bloomberg, the post bit flyers XCO vise for former rolled Bloomberg appeared first on the block.
Crypto Briefing
Chinese Government Approves of Hong Kongs Crypto Plans Bloomberg
"4 p.m. Tuesday, February 21st, 2023. Chinese government approves of Hong Kong's crypto plans Bloomberg. China is dipping its toes back into the crypto world by allowing Hong Kong to open up to the market. One country, two systems the Chinese government seems keen to
CoinDesk Podcast Network
Central Bankers Triumphantly Declare Fiat to Have Beaten Crypto
"All right guys, well today we have a fun little LRS for you. This week we are playing entirely from Twitter and we're discussing some big themes. Bitcoin versus central banks and so much more. And indeed, that's where we're going to start with something that I ended a show on earlier this week. For a little bit of context, the bank for international settlements is sort of like the central banker Central Bank. It might not surprise you then that they've never been all that keen on crypto. Well, you can tell just how much the narrative cycle has shifted in their minds. In that now they're not even just crapping on crypto, but dismissing it as irrelevant. BIS chief Augustine carstens was on Bloomberg this week, and when asked about whether crypto was a real alternative to Fiat, he said, that battle has been won. A technology doesn't make for trusted money. Only the legal, historical infrastructure behind central banks, can give great credibility to money. Now, with the caveat that just trying to be a competitor to money is not all that crypto assets are trying to do, still not everyone in crypto totally disagreed with karstens point. Crypto hedge fund manager Travis kling wrote a fairly bleak threat on this. He says, hot take. He's not entirely wrong. It remains to be seen what will happen in the future, but at present, I wouldn't characterize us as winning. Bitcoin has enacted like a store of value. It's acted like an unprofitable SaaS stock. This doesn't appear set to change anytime soon. Bitcoin will likely move about like an unprofitable SaaS stock in the future. It's basically the inverse of the Dixie which proves karsten's point.
Coin Edition
SEC Doesnt Regulate Crypto Directly, but Indirectly Says Levine
"10 a.m. Sunday February 19th, 2023. SEC doesn't regulate crypto directly, but indirectly says Levine. Met Levine, the Bloomberg opinion columnist, published an article on February 7th, analyzing the Securities and Exchange Commission's SEC crypto regulatory policies. Notably, the Chinese reporter Colin Wu on his official Twitter account shared the article, highlighting the perspectives of Levine on SEC's crypto regulations significantly, Levine focused on the authority the SEC holds to regulate. The post SEC doesn't regulate crypto directly, but indirectly says Levine appeared first on coin edition.
The Breakdown
Circle Allegedly Sounded the Alarm on Paxos
"Now, of course, yesterday's big news was all surrounding paxos. The Wall Street Journal had reported over the weekend that the SEC was planning on suing paxos for offering an unregistered security. On top of that, paxos announced first thing in the morning that due to a complaint from the New York department of financial services, they would no longer be issuing BUSD, the stablecoin that they had been issuing in partnership with binance since 2019. The NYDFS clearly had issue with the fact that binance was calling a different product on a different chain B USD as well. The BUSD that they had approved and were regulating was paxos issued on the Ethereum chain, whereas binance peg USD is on the BNB chain. And remember, as was revealed publicly in January, binance peg BUSD hasn't always been fully backed one to one. At points in 2020 and 2021, it was under collateralized by as much as a $1 billion. They're also seem to be questions from the New York department of financial services around KYC and AML processes. So a couple additional dimensions to the story since I recorded yesterday. The first is the circle USD C aspect of the news. published yesterday, circle tipped off the New York department of financial services about problems with the paxos issued BUSD stablecoin. According to an anonymous source circle blew the whistle and fall of last year, complaining that on chain data showed that binance did not have the reserves to fully back its stablecoin. I did mention this on the show briefly yesterday, but it was when the news was fresh and hadn't been fully digested by the markets yet. Digging a little deeper, it sort of confirms that the issue was binance printing B tokens, IE, B and B chain wrappers for other chains tokens. But then not actually having the underlying collateral locked up, or at least not locked clearly in a designated wallet. Bloomberg source said that the bee token version of circles USD C was also impacted, claiming that at one point, binance had only $100 million of collateral for $1.7 billion worth of binance peg USD C now when it comes to the news that circle had potentially informed on binance, the community had a few different reactions. The first I would categorize as snitches get stitches. Basically, angry responses saying that the crypto industry shouldn't tattle on each other or something like that. A second and related response was that circle our feds anyways. is going after circle in USD C, then they have you right where they want you.
Mark Levin
Trump Lawyer in Mar-A-Lago Search Appeared Before Grand Jury
"And according to Bloomberg Sabrina Wilmer and Zoe Tillman writing the pieces Evan Cochran won a Donald Trump's lawyers appear before a federal grand jury last month as part of the special counsel investigation into whether classified information and other government records were mishandled At the former president's Mar-a-Lago state according to people familiar with the matter So here they dragged this man in front of a federal grand jury And in the case of Biden's lawyers they work with the FBI They say hey happy You can watch us you know And of course Hillary's lawyers Kendall and the rest they were never treated like this when thousands of emails were destroyed Bleached in all the retina So they go after the lawyers It's one of the reasons they go after eastland and they go after Rudy Giuliani and the others They want to make sure that lawyers think twice or three times or just turn down Any ability to represent a Trump or a Republican But this is clearly a violation of what's intended by the constitution Clearly Clarkson has been Cochrane rather has been representing Trump since early on in his dealings with the Justice Department They write over whether classified materials and other White House documents should have been returned to the national archives We're at the Florida property Apparently these reporters don't have a right English He went before the grand jury in Washington during the second week in January He did immediately return a request for he's not allowed to I guess he could comment It's the prosecution that's not supposed to be leaking but they do all the time
InsideBitcoins
PayPal Slams The Brakes On Altcoin Project, Again
"7 p.m. Sunday February 12th, 2023. PayPal slams the brakes on altcoin project again. The increased regulatory scrutiny to improve cryptocurrencies has facilitated PayPal Holdings to slam the brakes on its stablecoin. According to a Bloomberg report, the news
The Eric Metaxas Show
What It Takes to Be a Mayor With Greg Kelly of Newsmax
"We're talking about the qualities that it takes leadership qualities, but particularly to be a great mayor in New York City. To some extent, Koch had that, although, of course, he was a Democrat and I would differ with him on some things. But Giuliani had it like crazy, even Bloomberg because he was willing to follow common sense rather than the woke mob was able to continue in the tradition of Giuliani. We've seen a nightmare under de Blasio and sadly also under Eric Adams. They are just, they almost couldn't be worse. And you were talking about what it takes to be a mayor. And I really think in 2014, long before Trump announced for president, my wife said, you know, Trump would be a great mayor of New York. And I thought, yes, you need kind of a maniac, a truth telling person who understands the wildness, inherent in the city who understands the crookedness of the unions and out all this stuff. Which is one of the reasons that I hope that you or Curtis Sliwa will be the next mayor of New York City. But you have to run and you were talking about the barriers. So continue the barriers. What are these barriers? The barriers are new. Look, I agree with former president Jimmy Carter and former Secretary of State James baker. Mail in voting is so open to corruption to coercion. I do believe I could beat Eric Adams under the not terribly old system of showing up on election day. But where you have unions handing out ballots, I don't think a Republican perhaps will ever win citywide office again or anyone outside the machine will ever win citywide office. I don't see it any time soon. And actually, I'm very pessimistic about 2024. Should Trump be the nominee? And I am a supporter of Donald Trump, a very clear about that. I love his policies. I also love him. I think he's amazing. And I think he's the chosen one in so many ways. But I'm very concerned that. I don't want to say steel. But they'll mess with the election all over again. And so that's my concern. And I know that that would happen to me.
The Daily Hodl
Bloomberg Unveils Crypto Outlook Highlights Explosive Polygon MATIC Adoption, Forecasts Ethereum Will Outperform Bitcoin
"11 p.m. Sunday February 5th, 2023. Bloomberg unveils crypto outlook highlights explosive polygon Matic adoption, forecasts Ethereum will outperform Bitcoin. Bloomberg intelligence has released its official crypto outlook for the month of February, citing massive mainstream adoption of polygon Matic and forecasting the future of Ethereum's performance relative to Bitcoin. The new report covers the rise of polygon, which is a layer two network designed to power crypto projects and scale Ethereum transactions. Of the entire the post Bloomberg unveils crypto outlook highlights explosive polygon Matic adoption. Forecasts Ethereum will outperform Bitcoin appeared first on the daily HODL.
Blockonomi
Binance Acknowledges Mixing Customer Funds
"9 a.m. Thursday, January 26th, 2023. Biden's acknowledges mixing customer funds. Biden has admitted not keeping customers funds and the platforms separate, according to Bloomberg report. The cryptocurrency exchange have mistakenly mixed some of its been in spike tokens B tokens with customers funds into one specific wallet binance 8. Biden's 8 is an exchange cold wallet collateral assets have previously been moved into this wallet in error. The post binance acknowledges mixing customer funds appeared first on blocking only.
The Breakdown
Commingling Customer Funds? Binance Under Scrutiny for B-Token Wallet
"Friends, happy Friday. I hope you are doing well. And I am doing well because this week I have to say has been blissfully free of bad guys stories and crypto firms behaving badly. At least mostly. That said, I do believe we've tipped over the point where the accumulation of news along those lines and follow up from the fallout of 2022 has amassed enough relevance that we needed to do an update show. So today we'll be catching up on the latest around the FTX bankruptcy, around Celsius, BlockFi, and a few other stories. Let's actually start though with binance. All eyes in this industry have been on binance since the collapse of FTX. Now, part of that is that SPF has tried to make the fall of FTX seem like a targeted hit from rival CZ rather than a byproduct of his own rampant long hidden newly exposed fraud, but even those not buying Sam's message of CZ being an assassin are still carefully watching any big institution and especially exchanges like the lone superpower that is binance for any signs either of trouble on the one hand or malfeasance on the other. A couple of weeks ago we discussed binance's admission that at times in the past, their stablecoin hasn't been fully backed one to one as promised. That revelation was uncovered by blockchain analytics company chain Argos after they analyzed reserve cold wallets for binance peg USD. Now after the story got a ton of press thanks to Bloomberg, binance fully admitted the issue. They said it was a known issue that they had already solved. A spokesperson said, from the data, it is clear that the rebalancing did not always keep pace with the demand for binance peg B USD. Having identified this ourselves last year, we now rebalance more frequently to ensure the binance peg be USD is transparently fully backed. When the story was blowing up, CZ called it FUD, but others like Travis kling said, please explain to the market how it is FUD when a binance spokesperson confirms to Bloomberg that BUSD had more than a $1 billion hole in its collateral value.
NewsBTC
Binance Announces New Transaction Limit By Fiat Partner What Could This Mean For BNB
"10 p.m. Sunday January 22nd, 2023. By its announces nutrient limited by Fiat partner, what could this mean for B and B? According to a report by Bloomberg, crypto exchanged violence has announced that one of its Fiat trading partners signature bank will no longer be processing transactions of less than 100,000 as the bank attempts to reduce its exposure to the cryptocurrency market. Biden said this is a broad action affecting all crypto exchanges dealing with signature bank. And that efforts are underway to find an alternative solution immediately for members of its user community whose accounts are serviced by this bank. One of our Fiat banking partners, signature bank, has advised that it will no longer support any of its crypto exchange customers with buying and selling amounts of less than 100,000 U.S. dollars as of February 1st, 2023. This is the case for all of their crypto exchange clients. As a result, some individual users may not be able to use swift bank transfers to buy or sell crypto with free USD for amounts less than 100,000 U.S. dollars, the statement sent by violence to Bloomberg news on Saturday, Sid. Signature bank is one of the biggest Fiat banking partners in the crypto industry in collaboration with many industrial giants, including binance, kraken, coinbase, circle, and the now bankrupt FTX exchange. Following the heavy losses in the crypto market in 2022, signature bank lost about 64 of its shares after paying out 8.1 billion worth of digital assets and service of withdrawal orders during the last quarter of the year. To avoid similar losses in the future, signature bank has begun a massive withdrawal process from the cryptocurrency industry. To this effect, the New York based bank even plans on voluntarily reducing its crypto deposits by 8 billion to 10 billion. Related reading theta breaches one level courtesy of solid unchained developments how does signature banks action affect by its coin B and B following the announcement of signature banks minimum transaction limited by binance, there has been no significant effect on the B and D token. According to coin market cap, B and B is trading at 300 to 2.89, having lost only 0.11 of its value in the last 24 hours. Bus treating at 303.0 bust chart on treating view dot com. Ordinarily, B and B's price movement is within the range of an expected reaction as signature services only 0.01 of the average monthly customers on binance. Thus, causing no need for panic among investors. However, it may be too early to tell the full effects of signatures action on the B and B token, especially considering the ongoing social media rumors on binance's true relationship with the American banking giant. Related reading Shiba Inu shows aggressiveness with 20 jump in the weekly charts binance and trouble, apparently it is believed by some crypto enthusiasts that binance has been dealing with signature via an account belonging to key vision development limited, essentials based company that has been defunct since September 2021. According to rumors, signature bank imposed a 100,000 minimum transaction limit on crypto transactions only after forcefully closing binance's phony account. Some also say that Biden's is the only exchange affected by this nutrient limit policy, especially since there have been no official statements from other crypto exchange clients of signature bank. That's it. It is worth stating that all these statements are still rumors with no confirmation by any credible authority. However, by its users as well as B and B investors are advised to watch out for any developments in that space. Featured image Reuters, chart from trading view dot com
The Breakdown
Bitcoin at $21K: Bull Trap or Ooo Baby We're Back?
"All right, everyone. It was a long holiday weekend. I hope you had a great time. And whether you did or not, you will have hardly failed to notice that as those Friday long weekend spirits took hold, Bitcoin was relative to the last few months especially absolutely popping off. On Friday alone, Bitcoin moved from under 19,000 to over 20,000, and all in all, Bitcoin finished the weekend above 21,000 for the first time since November. That closed a week that saw more than 20% gains with multiple days seeing increases of over 5%. The high was put in on Monday afternoon just shy of 21,500 after holding stable above 20,500 throughout the weekend. This means that the total crypto market cap is now above $1 trillion again. And overall for the month Bitcoin is showing an optimistic 28% gain so far. What's more, Bitcoin has been rising for 13 straight days. Which, according to data from Bloomberg is one of its longest streaks since November 2013. According to bespoke investment group, Bitcoin is trading above its 50 day moving average as well as its 200 day moving average. Its 14 day relative strength index is at 91, which puts it pretty far into quote overbought territory. Volume has been up as well over a 150% of the average of the past 50 days. So today, what we're doing is trying to parse out what might be driving this price action. And there are, of course, as you would imagine, lots of different themes and explanations. Let's start as we so often do with the macro. Last week saw a veritable deluge of macro data points suggesting that the Federal Reserve might be done tightening sooner than previously anticipated. The CPI report last Thursday came in with a slightly deflationary headline print, showing the price basket had decreased by 0.1% throughout December. While inflation is still running at a much too hot 6.5% headline and core CPI which strips out food and energy rose slightly, when all taken together, markets took away a picture of cooling inflation that will no longer justify an aggressive path of further rate hikes.
NewsBTC
Bitcoin Weekend Run Breaches 20,000 Mark, Dominates The Altcoins
"2 p.m. Sunday January 15th, 2023. Bitcoin weekend run breaches 20,000 mark dominates the altcoins. Even if the cryptocurrency industry crashed in 2022, Bitcoin's status as the alpha coin has remained remarkably stable. With a market capitalization of over 398 billion and a trading volume of 24 million 180,295, Bitcoin's dominance in the last 24 hours has increased by 43. According to market watchers, the BTC bull market officially began in 2023 and is expected to increase in value. In addition, the United States consumer price index CPI was issued earlier this week, showing that the U.S. dollar's value is decreasing relative to other currencies. On the other hand, the CPI data gave the market the confidence it needed to follow inflation's downward trend. Related reading Bitcoin price touches 20,000 for first time post FTX collapse in the previous week, BTC dominance increased by almost two, returning to a multi month high as the value breached the 20,000 level. Bitcoin shows bullish momentum wrecked capital, says that BTC will surprise investors next week by trading above 21,000. This upswing encouraged traders and investors worldwide to reenter the Bitcoin market and make some quick bucks. That's a very strong BTC dominance retest of blue as support a weekly close at these current levels would likely set BTC dominance for further gain heading into next week Bitcoin looks set for enjoying more market dominance, likely at the expense of alcohol crypto Bitcoin HTTPS T co 86 Cusack QBR 5 HF pick dot Twitter dot com one QI BLE 7 P rig capital rig capital January 13th, 2023 after BTC officially surpassed 17,000 at the beginning of this week, the outlook for the asset has been more bullish than it was at the end of 2022. On Friday evening, the price of BTC surged beyond 18,000 then 19,000 and finally pumped to 20,000. The next hour saw rise initiated by the bulls, which ultimately pushed BTC up to near 21,000 on Sunday. Related reading Bitcoin short squeezed 93 million shorts liquidated in one hour at this price, Bitcoin has made up all of its ground since the FTX Alameda research meltdown more than two months ago. Even if it has dropped from its local peak, the price is still well above 20,000. The cryptocurrency's market valuation is close to 400 billion with many investors hoping for a new bull run to begin any day. Fun struts head of digital asset strategy Sean Farrell stated to Bloomberg crypto assets performed well following the soft CPI print suggesting that crypto's correlation to macro is not going away anytime soon as Bitcoin surges all coins retreat on yesterday's daily charts, most altcoins showed gains, but those figures are now negative. After increasing by more than 35 in a day and nearly 70 in a week it has turned bullish and is now moving in that direction. However, it is currently sitting below that level due to the daily decline of 4.5. The top ten daily cryptocurrencies that lost value are Dogecoin doge, polkadot DoD like coin LTC, shiba inues HIV, avalanche, cardano ADA, and polygon Matic. The value of alternative cryptocurrencies like ADA and doge have dropped by 0.34 and 0.08, respectively from their respective 24 hour highs. The value of ADA and BNB has decreased marginally over the previous day. Both coins, however, have seen substantial gains during the past week, rising by more than 21 and 11, respectively. Featured image from unsplash dot com, charts from trading view dot com.
TuneInPOC
"bloomberg s" Discussed on TuneInPOC
"The Bloomberg small business report. If knowledge is power, the Bloomberg terminal is your power up, connecting you to real-time financial data, market moving news, powerful analytics, and an influential network of financial decision makers around the world. Share ideas negotiate trades and gain the insight you need to make more informed decisions. See how the terminal can take your workflow to the next level at Bloomberg dot com slash professional. Broadcasting 24 hours a day at Bloomberg dot com on the Bloomberg business app. And at Bloomberg quick take this is Bloomberg radio. This is Bloomberg daybreak Asia for this Wednesday, January 5th in Hong Kong, Tuesday, January 4th in New York and coming up this hour. Asian stocks open steady after a U.S. tech sell off added decline in treasuries. OPEC plus agrees to revive more oil supply. And shot of our own set to resume trading in Hong Kong today. North Korea fires off what appears to be a ballistic missile leaders of U.S. and UK urging omicron caution over the next few weeks. Hong Kong isolates first omicron case. I'm Ed Baxter with global news. 9 time winner Novak Djokovic has been cleared to play the upcoming Australian open. I'm Dan Schwartzman. I'll have that story more coming up in Bloomberg's board. That's all straight ahead on Bloomberg daybreak Asia on Bloomberg 11 three O New York. Bloomberg 99 one Washington D.C., Bloomberg one O 6 one Boston, Bloomberg 9 60 San Francisco, Syria's XM one 19 and around the world on Bloomberg radio dot com and via the Bloomberg business app. They're in good day to you from Los Angeles I'm Bryan Curtis. And in Singapore, I'm Juliette solly, where markets are coming online this hour and we look ahead to Hong Kong and China at the bottom of the hour. Let's get all the markets latest with Bloomberg's Krishna in New York Doug. Hey Jules right now in the apac region, it's kind of a mixed session. You just referenced the markets that are coming online at this hour. I would include Taiwan, which is holding onto a slim game here. Let's call it four tenths of 1%. Meantime in Singapore, straits times is let me just get that quote for you. Trading up about two tenths of 1%. Other markets, though, in the apac region are mixed. Ed was just mentioning what appears to be a ballistic missile launch on the part of North Korea its first in about two months and as a result, it could be negatively impacting the Cosby, which is down nearly 1% right now. Stateside we had a rotation out of information tech out of healthcare and into those economically sensitive stocks like energy and financials, the Dow was able to reach a record 36,799, but the S&P down from an all time high and the NASDAQ comp drifted lower by about 1.3%. Shares in Ford rallied 11.7% in the U.S. session, a 20 year high, the company is doubling factory capacity for its battery powered F one 50 lightning pickup and as long as we're talking vehicles right now in Japan. We've got a rally in chairs of Toyota motor stock is up more than 4% right now taking its two day gain past 10% Toyota is now the top selling car firm in the U.S. at least. It was for 2021. Dialog will be very close to the firm lowering its rating on ping an insurance. This is the class H shares. They have been cut to sell from hold and will have a ping on insurance trading in the Hong Kong session at the bottom of the hour. The nikkei holding onto a very slim game, let's call it a tenth of 1%. Right now in Sydney, ASX 200 down two tenths of 1%. One of the big stories today, the move up in yield, ten year treasury now in the Tokyo session at 1.65%, more on markets in 15 minutes. Brian? Wow. Ping on insurance. I mean, selling now, that's like kicking a man when he's down. That's down from a hundred down to about 50. Okay, well, listen, we've got Mark Conan coming up, chief investment officer at AIA group marks a heavy hitter. Let's see if we can get him to knock one out of the park for you on investing. And that's coming up in a few moments. Well, inflationary pressures have been building in the U.S. economy. And it is forcing the fed to adjust and move to counter the spike in prices. Minneapolis fed president Neil kashkari now supports two interest rate increases this year. He says inflation is higher and more persistent than expected. Even so kashkari says this could change once the pandemic recedes. Launch the COVID shock passes and things start to go back to normal and workers fully return and demand goes back to normal. I don't see any reason why the economy wouldn't revert back to the low inflation regime that we've been in for 20 years. Kashkari has been the fed's most dovish policy maker over the past couple of years. Well, OPEC and its allies have agreed to revive oil production, the group had scaled back output when the pandemic crushed demand, but now OPEC sees it improved outlook. We get more from Bloomberg's Sue canon. OPEC plus did go ahead with the approval of a 400,000 barrel a day increase for February and surprisingly we saw oil move higher. That's probably because what we also heard from OPEC plus was a prediction for a much tighter first quarter than originally expected. Also importantly, it has some production issues for some of the member countries. Remember countries such as Libya, Angola, Nigeria have recently struggled to meet the higher number. So there are some analysts saying that even though we're talking about 400,000 barrels a day as the headline number, the market may actually get half that in February. And WTI currently trading $77 11 a barrel. All right, the time now is coming up on 5 minutes past the hour. It's time for global news. For North Korea has apparently gotten back to testing ballistic missiles at Baxter with that story in the global news from the 9 60 newsroom at yeah, Japan and South Korea, Brian, you're right, have lined up saying that North Korea firing an unidentified projectile into the waters off its east coast. Now the U.S. and South Korea chiefs of staff are getting their heads together and say that they are analyzing at the first report out of the south as it appears to be a ballistic missile that it landed in the east sea. The launch is a first of the new year and comes just a day after Kim Jong-un urged this country to focus on easing food shortages and containing COVID rather than pursuing talks with the U.S.. Well, just to up on the Bloomberg terminal, a really nice what we call right through a story on the U.S. CDC is going to stick with its new COVID isolation guidance. It had rebuffed extra tests. It says the new guidance is based on science that people are most likely to transmit the omicron variant. It says its highest around day around the day before the symptoms onset and then it declines within a week of the symptom onset. Also says it took the efficacy of vaccines and boosters as well as mental health considerations and likelihood of people adhering to stricter measures as it crafted its recommendations. So bottom line, no negative test result needed to get back into society. Leaders of U.S. UK urged a large measure of caution over the omicron outbreak. This is Boris Johnson. Anyone who thinks that our battle with COVID is over, I'm afraid is profoundly wrong. This is a moment for the utmost caution. But Johnson says the UK can weather the current outbreak without tighter restrictions, a record of new cases reported today. The U.S. president Joe Biden says the U.S. will as well if people do the right things. This continues to be a pandemic of the unvaccinated. And he says vaccination protects you. Everyone around you and particularly kids. Unvaccinated kids are at risk. Yet, the vaccinated are going to waste way
TuneInPOC
"bloomberg s" Discussed on TuneInPOC
"This is a Bloomberg pursuit. Look, and luxury. It appears deja vu is in fashion. Giorgio Armani has canceled its fashion shows for Milan and Paris fashion weeks later this month due to rising COVID infections across the continent, Valentino has rescheduled its Valentino vintage event from January to April. Fascinators are eyeing who may be next. David Bowie's music catalog stretching from the late 1960s to just before his death in 2016 has been sold to Warner Chappell music, financial details of the sale of more than 400 songs were not released, but as comparison, Bruce Springsteen sold his catalog to Sony Music last month for a reported 500 $1 million. Another deals news, former Walt Disney Company execs, Kevin Mayer and Tom staggs have acquired a minority stake in Westbrook. The entertainment company founded by Hollywood power couple will and Jada pinkett Smith. Visit Bloomberg pursuits dot com for more. I'm adjourned. Bloomberg radio. The news in Washington has a ripple effect on the country and the world. Do you think we're in the start of a Cold War with China? That's why we bring you the top headlines from Capitol Hill every weekday afternoon. Redhead on the terminal. This is breaking right now. Bloomberg sound on. With Joe Matthew. We bring in the panel now to round out the fastest hour in politics. We day afternoons at 5 eastern. Do you duck and cover, or do you try to spin this? On Bloomberg radio, the Bloomberg business app and Bloomberg radio dot com. And mama, how you feeling? Great. And I'm ready for you today. I'm checking in on you, morning meditation. Check, dressed and ready to work out. Check, check your blood pressure yet. And check. Boom. Great job, mom. And about those gold earrings. No, ma'am. Now more than ever, it's important that we protect our hearts and the hearts of those we love, monitor your blood pressure daily and help each other stay motivated. Rally your squad to take the online pledge at release the pressure dot org brought to you by the release of pressure coalition and the ad council. And JIT makes the workforce of the future and Greg solder a member of NJ IT's board of overseers and president of engineering firm WG says JIT graduates have the in demand skills that drive today's tech powered workplace. Our world is moving to a place of connecting the physical with the digital in the field of engineering and infrastructure. There's not a thing that we do that's not being changed by technology. We've gone from two dimensional renderings to immersive augmented and virtual reality solution sets used to be solved one at a time. Now we can run nearly and endless alternatives analysis and optimize the output and how we construct that future from autonomous equipment to three and 4D printing. And JIT students graduate with that critical understanding of the cyber physical world and how we move between them. But with that all important grounding in applied stem principles. And JIT, New Jersey institute of technology, learn more at nj IT dot EDU. Broadcasting 24 hours a day at Bloomberg dot com on the Bloomberg business app. And at Bloomberg quick take. This is Bloomberg radio. Markets, headlines, and breaking news 24 hours a day. At Bloomberg dot com, the Bloomberg business app and at Bloomberg quick tape. This is a Bloomberg business flash. From Bloomberg world, headquarters I'm Charlie pellet, what a volatile day at one point we had nez stacked down by one 185 points down 1.2% right now NASDAQ is higher by 54 points up by four tenths of 1%. Stocks have been swinging between gains and losses after the biggest route since November as investors reassess valuations amid the fed's latest signal that it will move aggressively to tamp down inflation. As stack now up 50 points, up three tenths of 1%, S&P up 12, up three tenths. We've got the Dow Jones Industrial Average down 34, a drop of one tenth of 1%. Tendered on 5 30 seconds, ten year yield, 1.72% spot gold down 1.1%, 1791, the ounce West Texas intermediate crude up 1.8%, 79 26 a barrel. So it is an update for the S&P and NASDAQ down day for the Dow. Joe quinlan is head of market and thematic strategy at Bank of America global wealth and on Bloomberg television this morning he told us no question the fed is raising rates. It's healthy. Nominal growth double digits has good for earnings. So early in a fed tightening cycle, equities perform well. It's at the end of the piping cycle is where you see the rolling over. So we're still constructive on equity, particularly where real interest rates being negative. So don't fear the fed just now. And again, tenure now 1.72% bad bath and beyond a darling of so called meme stock traders is a higher despite reporting quarterly sales that trailed analysts estimates and a reduced outlook for the fiscal year. Bed Bath & Beyond up now by 8 and a half percent. And Constellation Brands maker of alcoholic drinks, including Corona and Modelo, says it expects to hike beer prices more than its typical one to 2% this coming year due to rising commodity costs and a shortage of brown glass. Right now we do have constellation STC on the ticker, has in stars down one and a half percent. One O two on Wall Street time now for the market drivers report with a focus on American depository receipts. Here's pretty Gupta. Well Charlie, thank you. Take it off with banks higher around the world following that move and yield, you'll see Deutsche Bank up 5.2% and you move over to Spain's Banco Santander up 3.7% even UBS up 3.2% and we can't, of course, forget Nat west up just shy of 4% once again following that global move higher in yield. I want to move to the downside though and look at Swiss law company Logitech dropping 5.4% amid a tech sell off really lead in the Swiss markets with stocks down very broadly. And from Europe we go to Asia, Charlie went to wrap it up with this one, Japanese medical tools maker to Romo slumping as much as 9% the most since March of 2020 after a Mizuho downgrade citing a slower than expected recovery in earnings, the company getting cut to a neutral from a buy and a price target lowered to ¥4700 from ¥6400 Charlie. All right, we thank you very much, great Gupta. So again, mixed day volatile Sessions, S&P right now, up 12 a gain of three tenths of 1%. I'm Charlie Powell. That is a Bloomberg business flash. This is balance of power with David Weston. At the end of the third quarter because the delta, we're hitting another speed bump now. I think it's going to be well into 2022 for the inventory situation is fully normalized. Where the world of politics meets the world of business. The Federal Reserve is doing the right thing now by talking about tapering. They have to start doing that. We have a conflict. And there is a reasonable likelihood that the Russians will engage in some form of escalation. Balance of power with David Weston on Bloomberg radio. Making sure we don't repeat the capital assault of one year ago. The uphill struggle for Democrats in 2022 and prospects for Republican Party new year's resolution. From the Bloomberg interactive broker studio in New York, welcome to the second hour of balance of power. I'm David Westin. A year ago, there was broad condemnation of then president Trump's role in encouraging those who attacked the capitol. But after a year has passed, the Republican Party by and large has returned to supporting mister Trump, or at least not openly challenging him. Carly fiorina is the founder and chairman of Carly fiorina enterprises and online could potential. She is, of course, the former CEO of Hewlett with us from the first hour. Thank you so much, Carly. In addition to all the other things you have and will accomplish, you're also the author of a weekly newsletter on LinkedIn. The deals with issues of leadership. This one is appropriately about new year's resolutions and why they're so important. So I guess as a member of the Republican Party, I'll ask you, what are the prospects for a new year's resolution coming to the public party when it comes to president
TuneInPOC
"bloomberg s" Discussed on TuneInPOC
"What he was not doing. Well, if you listen carefully to what the committee chairman said and he did accuse his words in saying if there's anything we come upon as a committee that we think would warrant a referral to the Department of Justice will do that. So in some ways, it was really generalized language. They certainly did not suggest that they have that information. The committee chairman was simply saying that if they do find it, they wouldn't rule out that possibility. That's a far cry from saying that they haven't evidence that is enough to make that kind of referral and of course it would ultimately be up to the Department of Justice and the attorney general Merrick Garland as to whether or not the Department of Justice would ever take up that referral. The vice chair Liz Cheney called it a dereliction of duty. But even if it was a dereliction of duty, that's not a criminal offense. No, that's exactly right. And if you listen carefully to vice chairman Cheney's statement about the criminal statute that she was referring to, which is 18 USC 1512, which makes it a felony to attempt to corruptly obstruct influence or impede any additional proceeding, she said that the former president through action or inaction may have corruptly sought to obstruct or impede Congress's official proceeding to count electoral votes. Taking action to impede a proceeding to count electoral votes would certainly constitute a possible criminal violation. But inaction, which seems to be more what the committee is looking at at this point based upon the evidence that they have found would not in and of itself constitute a crime in our system there is virtually no act of inaction or omission that constitutes criminal conduct criminal conduct is a knowing and willful violation to break the law. It can be a conspiracy where people agree to violate the law. You can aid in a bit of violation if you know something is going to happen. And then take some affirmative steps to assist in making that happen. But simply knowing about something and not acting is not a federal criminal violation. And as Robert mansa partner at mccarter in English, speaking with Bloomberg, June Grasso, catch more of that interview plus analysis of the latest legal news by listening to the Bloomberg law show at 10 p.m. Eastern Time or subscribing to the Bloomberg law podcast and attorneys can find exceptional legal research and business development tools at Bloomberg law, dot com. S&P futures up 17 points this morning, down features of 121 at NASDAQ futures of 56. And a Bloomberg daybreak continues our tough stories straight ahead. This is Bloomberg. Influential conversations from Bloomberg television. Here's Anna Edwards. Let's get to constant rescue ING research global head of macro. Germany is a really open economy. At the height of the pandemic, we had seen a number of economists thinking about whether we were going to see de globalization from here. You don't see that as a big threat for the German economy or for the global economy cast and why so much confidence that we won't see a transition from that just in time globalized economy into something more like adjusting case setup. I think that's more a medium term change that we will see. But it's not already the 2022 story. The 22 story is really one of a rebound. The restoring story will face in much more gradually. And often in Europe, we will see a reassuring story. I just think about the discussions that Europe is having on building its own semiconductor factories. The discussion in Europe is having on industry strategy. So we will see gradual restoring over the next couple of years. But it is not the story for 2022. This is really a rebound story where we have order books, which are extremely filled, not only in the German industry, but in many European countries. And once the supply chain frictions are over, the industry will produce again and this should add to growth in Europe. Here, more conversations like this one on Bloomberg television, streaming live on Bloomberg dot com and on the Bloomberg mobile app or check your local cable listings. Broadcasting 24 hours a day at Bloomberg dot com on the Bloomberg business app. And at Bloomberg quick take this is Bloomberg radio. Line from the Bloomberg interactive broker studios is this Bloomberg day break for Tuesday, January 4th, 2022, coming up this hour. Elizabeth Holmes is found guilty of defrauding theranos investors. The U.S. reports a record 1 million daily COVID cases. The virus and bad weather cancel thousands more flights. Apple becomes the first company to hit a $3 trillion valuation. And U.S. futures add to yesterday's record close. New York governor hochul is calling for term limits for her all this plus New York mayor Adams tells Bloomberg the city could expand COVID mandates. I'm Michael Barr, more ahead. I'm downstage. It's another win for the rangers, the nets lost a Memphis, the Steelers beat the browns in Monday Night Football. That's all straight ahead on Bloomberg daybreak on Bloomberg 11 trio New York, Bloomberg, 99 one Washington, D.C., Bloomberg one O 6 one Boston, Bloomberg 9 60 San Francisco, Syria's XM one 19 and around the world on Bloomberg radio dot com and via the Bloomberg business app. Good morning, I'm Nathan Hager. And I'm Karen moss gal in U.S. future is adding to yesterday's record flows. We're coming up to 6 O one on Wall Street, and we check the markets every 15 minutes throughout the trading day on Bloomberg S&P futures up about 17 points. Dow futures have 119 at NASDAQ futures at 54. The Dax in Germany is up 6 tenths of a percent. Ten year treasury down one 32nd yield 1.63% and they yield on the two year .77%. Nymex crude oil is up 8 10% or 62 cents at $76 70 cents a barrel, comics gold up three tens percent at 1805, 40 announced. And Bitcoin at $46,680. Nathan. Karen will have more on the markets in a minute, but first, a high profile trial out of Silicon Valley is in the books, Elizabeth Holmes has been found guilty of four counts of criminal fraud for her role in building the blood testing startup theranos. Ed Baxter has the latest from our Bloomberg 9 60 newsroom in San Francisco, so the jury found four guilty counts for not guilty and could not agree on the three others. Her fall from grace is a celebrity CEO to convicted felon on fraud, marks one of the most dramatic dissents in Silicon Valley history. She could face 20 years that are sentencing, which will take place in a few weeks. She remains free on bond. In San Francisco, I met Baxter Bloomberg daybreak. Thank you. There's also a big news on the pandemic this morning and a milestone that no one wanted. The U.S. has said another record for daily COVID cases topping 1 million infections and Bloomberg need a young joins us now with the story. Good morning, Renee. Good morning, Karen. Monday's record is almost double the previous one, and more than twice the case count seen anywhere else since the pandemic began. That's according to data from Johns Hopkins University, and those 1 million daily cases could still be a significant underestimate since many Americans are taking at home tests with results not reported to the government. The highest number outside the U.S. was an India back in May when the delta variant drove cases just above 400,000. I'm renita young Bloomberg daybreak. All right, ranita, thank you, COVID, plus bad weather continue to wreak havoc on the travel industry. It forced the cancellation of more than 2800 flights across the country yesterday, more than 8200 flights have been grounded already this year. The surge in COVID cases is concerning health officials, Nathan, but not financial markets. The S&P 500 started the new year in record territory with a gain of 6 tenths of a percent. Apple helped lead the way and briefly hit a $3 trillion valuation, and near
TuneInPOC
"bloomberg s" Discussed on TuneInPOC
"This is balance of power on Bloomberg television and radio. I'm David Weston. President Biden will meet with his COVID-19 response team this afternoon after the CDC once again revised this vaccination guidelines earlier today. For an update on The White House response to the omicron crisis, we turn now to our Washington correspondent Anne Marie horde. Once again, in a snowy Washington there by The White House for those of you listening on radio. So Anne Marie, first of all, CDC, does it come as a surprise, but there's other things we're supposed to hear, right? Yeah, there is. CNN's reporting that potentially imminently we were going to get news from the CDC, which recently David said that if you are asymptomatic, but did test positive just isolate for 5 days and that's all you had to do. But then over the weekend, Anthony Fauci had said that actually potentially we're going to be introducing a test at the end of those 5 days. So whether or not you can stop your isolation may now depend on the test. This is something that the president potentially will say today when he gives these remarks ahead of meeting with his COVID team, but there's a lot of different tools and policies that are going to be questioned and throw up in the air as well. We also got news that the U.S. government is going to be purchasing more of that Pfizer COVID pill so you can see the U.S. is likely trying to boost up the arsenal because it does feel like they are a little bit behind the 8 ball here when it comes to the omicron variant. You just look at what happened with the testing. So Anne Marie, I mean, you're such a good reporter down there at The White House. You have a lot of sources. Do we think they're going to make new news this afternoon? Or is this more in the nature of an update? This is where we are. By the way, we want you to get vaccinated and boost it. I would guess the president's going to say. Yeah, it's certainly an update, but you have to think it's on the heels of that stratospheric number of 1 million COVID cases, a record for any country in the world and just double that of the U.S. record that was set just four days ago. But this is likely going to be The White House drumming, the same tune of get vaccinated if you're not vaccinated. If you're not boosted, get boosted, look to the CDC who this morning said that if you're getting the Pfizer one, you can shorten it to 5 months instead of 6 months. And just really a reiteration of what they are doing in terms of sending rapid tests home to American households, 500 million starting this month and some of the other services like pop up testing, we saw a rollout in New York and December. It's really going to be that same old tune David. Where are we on rapid tests? We were supposed to get those for free, weren't we? Yes, I have not received it. I have not received one yet. I imagine it's going to go through a online website, but this is something that The White House has really faced tough criticism on. It was early in December when an NPR reporter was really questioning the press secretary Jen Psaki and she responded a bit snarky response saying, well, why should we just send every American a free rapid test? Yes. And the reporter said, well, that's what they're doing in Europe. And come January, that's what the U.S. is doing as well. Yeah, now they mention it doesn't sound like a bad idea. Okay, thanks so much to Bloomberg's and re horn. Check out the balance of power newsletter on the terminal and online and coming up. Second hour balance of power on radio, we're going to talk to the head of the airline pilots association, but that fight over 5G spectrum. And this is Bloomberg. This is a Bloomberg pursuit. Look, that luxury. You may know bulgari for its $1 million emerald sapphire and diamond encrusted necklaces, but how about a hotels? The Italian jeweler, one of the top selling brands in LVMH's stable of luxury heavyweights. Has opened at 7th hotel in Paris, where the penthouse suite starts at $39,000 per night. Think of the highest of the world's high rollers, including European soccer stars, Russian oligarchs, and American financiers, as guests. It's all a joint venture with hospitality behemoth Marriott and all part of the strategy of expanding its business lines to drawing clientele for its core jewelry business. On the other end of the spectrum, Americans flock to off price retailers during the holiday period, with visits rising above pre-pandemic levels, according to new data from placer dot AI, foot traffic at Nordstrom rack jumped 39.8% largest among peers, including TJ Maxx, Marshalls and Ross. There's a Bloomberg pursuits dot com for more. I'm Andrew rode. Bloomberg radio. Ever wish you knew a Washington insider, both ends of Pennsylvania avenue are buzzing today. Well, now you do. You will get into the debt ceiling debate Bloomberg Washington correspondent Joe Matthew, the big vote set for tonight in the U.S. House. Along with D.C.'s most respected news team Bloomberg politics contributors Jeannie chande and Rick Davis with us Bloomberg sound on. With Joe Matthew weekday afternoons at 5 eastern on Bloomberg radio, the Bloomberg business app and Bloomberg radio dot com. My shiro doesn't always wear a cape, but she always has time for a hug, a smile for going the extra mile. My shiro stretches every dollar puts in long hours, puts others first, but now it's your time, mom. When you're ready to retire, we want you to be able to enjoy it. Get free tips to help boost your retirement savings now at Easter retirement dot org. A public service announcement brought to you by AARP and the ad council. Greg solder is president of WG, which provides engineering solutions for public infrastructure and real estate development projects. He's also on the board of overseers for New Jersey institute of technology and sees firsthand the intense demand by companies to hire and JIT graduates. It's become almost cliche to say, but a large percentage of the jobs required in the not too distant future have not even been identified yet. What that means is we need graduates with problem solving skills and an understanding of technology, technological dexterity, to be the leaders and innovators of the future. And JIT is rising to that challenge. It's not just about the engineering and the science, but it's also about the application of those in problem solving. Understanding how to apply is something that NJ IT is outstanding. And it's one of the reasons that their student body with your graduates are sought after. And JIT, New Jersey institute of technology, learn more at nj IT dot EDU. Broadcasting 24 hours a day at Bloomberg dot com on the Bloomberg business app. And at Bloomberg quick take. This is Bloomberg radio. Markets, headlines, and breaking news 24 hours a day. At Bloomberg dot com, the Bloomberg business app and at Bloomberg quick take. This is a Bloomberg business flash. From Bloomberg world, Hank water zone Charlie pellet yesterday we saw records for the U.S. stock market on the first trading day of the year on the second day of the trading year. It is a down day for the S&P, but a decidedly mixed market. The Dow pushing higher let's begin there up 200 14 points right now up 6 tenths of 1%. The S&P, though, lower by 11 down two tenths of 1%, NASDAQ hit hard today down 276 points for the NASDAQ composite index a drop of 1.75% that has stacked 100 index full of tech names down 1.9%, a route in tech shares dragging stocks from records on concerns higher interest rates will devalue their profits, treasuries fell the yen has fallen to the lowest since 2017. Ten years down 1430 seconds, ten year yield today, 1.6 7% spot gold up 7 tenths of 1% up $12 to 1813 and West Texas intermediate crude back above $77 a barrel, 70 7 11 right now up by just about 1.4%. So a mixed day, the Dow higher S&P NASDAQ both lower Wall Street is also looking ahead to Friday's job support. Scott Brown as chief economist at Raymond James and associates. You know, we've got a lot of questions about the economy over the course of the year and certainly we're seeing it now with the labor market. We don't really know where before to participation is going to end up. We thought it would be a lot stronger in 2021 as spools reopen and so on, but that hasn't really been the case. One of today's stock standouts Ford Motor shares surging now by 12.4% Ford believes electric vehicles could grow to represent 10% of the U.S. market if the auto industry can capitalize on
TuneInPOC
"bloomberg s" Discussed on TuneInPOC
"Entirely changed. Indeed, I am the happy new year to you both. And yet, indeed, the fair result made a very hard turn at the December meeting and the minutes just confirmed that almost a universal thing, the federal official saying that we are going to see ray high very soon. And they are saying that the labor market, we are probably going to reach the maximum employment in the pretty soon, which implies that we could exceed the third rate hike as soon as in March. Not only that, the fed is also talking about the balance sheet at adjustment and we are going to reduce the balance sheet much faster than previous cycle if you recall in the previous tightening cycle, the fair rate weighted for two years, more than two years to reduce the balance sheet. Now, the official implies that not only they're going to start to run down their balance sheet much as sooner than previous cycle they are going to do it much faster than previously. So it's pretty hawkish family. One thing might be interesting is to watch the fed speak in the coming week or so because this meeting that the fed held was a little bit before omicron really sort of placed its wrath on countries all over the world. Yes. But at the moment, at least the fed rule reserve thinking that each passing wave in terms of the economic impact is going to be much smaller. And it seems to also mark his January agreement with that view before the tech sell off this week. The markets are the stock market in the U.S. as close to a record high. And it seems like at the moment the omicron is the market seems to interpret the omicron is more like information or resemblance, a negative impact on economic growth. Well, this is it, isn't it? But tell me something here, you say, what do we see ahead now? What is the market looking at in particular? Of course it could be greater interest rate moves. That's what they're suggesting. Some people very small minority have to say. But, you know, the frequency and the rapidity of perhaps the rate hikes this year is being called into question. So you know, where does it all end, I guess? Right, it seems like the market is already a lot of the liquidity sensitive assets has already done a lot of adjustments if you look at a crypto currency or like all these profit less attack companies, they've coming down a lot. So the market seems to be adjusting to the fact that financial conditions are going to be tied to so we are going to see how this is going to end. But at the same time, we do see some much of the net impact in terms of our growth expectations, some of these cyclical stocks like the energies or banking stocks have been performing relatively well. I was interested in your thoughts slightly off that topic and on this PBOC newspaper warning companies to be very careful about yuan depreciation pressure in 2022. Did you see that? And what do you think? Yeah. It seems like this is a coordinated effort from the state media and also from the government officials try to talk down the currencies because the UI has appreciated quite a lot. Not only against the dollar, but also against the basket of currencies. So if that's going to turn the depression pressure, it could be returning very soon. So they don't want to see the currency continue to strengthen very much when the economy is slowing down. But at the same time, what's the driving the currency is now speculators? It's really about these portfolio inflows and also the very strong export market because of a COVID distortion making the Chinese become the world factories again. So there's not much the government can do at the moment. What they can hope for is that a more hawkish fed is going to lead to less portfolio influence that could take off some appreciation. Just briefly leakage on calling for bigger tax cuts where we see that. Yeah, it seems like the Montgomery and also the central banker seems to be more concerned about economic have slowed down, but so far, the actions they've been taking is quite a modest, so but I think the economy in the market has expected to step up on that. We got to go, thanks very much. Yeah, yeah, from our Bloomberg team. This is Bloomberg. This is a Bloomberg pursuits look, and luxury. It appears deja vu is in fashion, Giorgio Armani has canceled its fashion shows for Milan and Paris fashion weeks later this month due to rising COVID infections across the continent, Valentino has rescheduled its Valentino vintage event from January to April. Fashionistas are eyeing who may be next. David Bowie's music catalog stretching from the late 1960s to just before his death in 2016 has been sold to Warner Chappell music, financial details of the sale of more than 400 songs were not released, but as comparison, Bruce Springsteen sold his catalog to Sony Music last month for a reported $500 million. Another deals news, former Walt Disney Company execs, Kevin Mayer and Tom staggs have acquired a minority stake in Westbrook. The entertainment company founded by Hollywood power couple will and Jada pinkett Smith. Visit Bloomberg pursuits dot com for more. I'm Andrew rode, Bloomberg radio. Global market news changes in an instant. U.S. China relations also in focus. So don't miss a minute. Let's talk about the division at the ECB. They connected to Bloomberg radio 24/7. On the Bloomberg business app, Bloomberg radio dot com and at Bloomberg quick take. Amazon is getting closer to a big media acquisition. Jay Powell is weighing in on the economic recovery. They are betting a luxury segment will shift faster toward battery cars. Breaking business news anytime anywhere around the world, Bloomberg radio, broadcasting 24 hours a day in Bloomberg dot com on the Bloomberg business app. And at Bloomberg quick take this is Bloomberg radio. This is Bloomberg daybreak, Asia, for this Thursday, January 6th in Hong Kong, Wednesday, January 5th in New York coming up this hour. Asian stock said to open weaker after the fed minutes were published. Fed officials are eyeing earlier and faster interest rate hikes. And Sean is premier Lee urges bigot tax cuts to ensure economic growth. Australia p.m. Morrison says price gouging on COVID test kits will be punished. Hong Kong ramps up more local and flight restrictions, North Korea says missile launch was hypersonic. I met Baxter with global news. Novak Djokovic has been denied entry into Australia for the open. I'm Dan Schwartzman. I'll have that three more coming up in Bloomberg sports. That's all straight ahead on Bloomberg daybreak Asia on Bloomberg 11 three O New York. Bloomberg 99 one Washington D.C., Bloomberg one O 6 one Boston, Bloomberg 9 60 San Francisco, Syria's exam one 19 and around the world on Bloomberg radio dot com and via the Bloomberg business app. Little past 9 in the morning in Tokyo, we've got weakness not only in the Japanese equity market, but right across the board, if you're joining from the apac region, good morning. I'm Doug Krishna at the Bloomberg
TuneInPOC
"bloomberg s" Discussed on TuneInPOC
"Consider everything. In today's revolving environment, the team at Pershing's prime services wants to know, what are you focused on now? Are you confident in the stability of your counterparty? Do you feel they can help you grow your business when it comes to fundraising to have access to the mindset of the adviser or have what you need to navigate the ODD process, exceptional service for our clients is at the core of what we do. Our award winning team is just one of the benefits of working with BNY Mellon, whether it's customized financing or securities lending solutions. BNY Mellon's Pershing is a prime burger who's committed to this business and dedicated to meeting your demands so you can focus on growing your business and producing results for your clients. To learn more about the unique and industry leading solutions for hedge funds and other alternative managers. Visit Pershing dot com. LLC, member finra NYSE sippy. Broadcasting 24 hours a day at Bloomberg dot com on the Bloomberg business app. And at Bloomberg quick take. This is Bloomberg radio. This is Bloomberg day bakery for this Tuesday, the 4th of January in London coming up this hour. Racing for volatility, Chinese stocks in the yen dropped ten year treasury yields top 1.6% as investors brace for the fed's 2022 rate hikes. And OPEC plus is expected to confirm a 400,000 barrel per day production increase after giving a tighter outlook for global markets. The U.S. sets a global daily record of over 1 million fires cases in a day in print Andrew banks on a 2009 Jeffrey Epstein deal to end a sexual assault suit against him. I'm Leanne guerin's with world news. And from celebrity CEO to conviction Elizabeth Holmes is found guilty of defrauding theranos investors. That's all straight ahead on Bloomberg daybreak Europe on DAB digital radio London. Bloomberg 11 three O New York, Bloomberg 99 one Washington D.C., Bloomberg one O 6 one Boston, Bloomberg 9 60, San Francisco. Cirrus XM channel one 19 and around the world on Bloomberg radio dot com and via the Bloomberg business app.
TuneInPOC
"bloomberg s" Discussed on TuneInPOC
"Is Bloomberg
TuneInPOC
"bloomberg s" Discussed on TuneInPOC
"The FOMC meeting from last month signaling a more aggressive path of rate hikes than had previously been expected, we discussed that with France bajou, CIO at lexor asset management, has she rethought her expectations for when and by how much the fed hikes in 2020, so we'll get the thoughts of Florence next. A lot of people, a lot of investors questioning now whether we'll see a rate hike as early as March and that seems to be something the market is repositioning, it's thinking around. All of that leading to a risk off session we we're selling, well, we're not just selling stocks also selling bonds because interest rates being factored in at a higher level means that we're seeing yields being pushed higher across the treasury curve real rates going higher, lots to discuss with foreign this is Bloomberg. I had the COVID-19 vaccine. And the thing I heard about the vaccine. But do we really know about the long term? Did you read that thing on the Internet from his cousin? Okay, you're here in a lot of talk about the COVID-19 vaccines these days. So how do you find out if getting vaccinated is right for you? By talking to someone you already trust, your doctor or healthcare provider. They'll answer your questions so you can decide what's best for you and your family. Go to get vaccine answers dot org to find out more. Let's get vaccine answers dot org. Brought to you by the ad council. How do you describe a business adviser relationship? So unique that it inspires innovation for your growth and success. You don't. You experience it. At with them, we think clients with you as a sole focus of our attention as a forward thinking, technology driven, advisory tax and accounting firm. We deliver innovative solutions and deep industry expertise. Experience the weather way, innovative, adaptive, effective, trusted, with them. Visit with them dot com to learn more. What is dedication? The thing that drives me every day is that is very on what we call them day to day for short. Every day he's hungry for something, whether it's attention, affection, knowledge, and there's this huge responsibility and making sure that when he's no longer under my wing, that he's a good person. I think the advice I would give is you don't need to know all the answers. The craziest thing was believing that your dad knew everything. So as a dad you felt like you had to know everything and you had to get everything right. It's okay to make mistakes. As long as it's coming from love, then, you know, it kind of starts to work itself out. I want him to be able to sit back one day and go. We work together. We did a good job. That's dedication. Find out more at fatherhood dot gov. Brought to you by the U.S. Department of Health and Human Services and the ad council. Greg solder is president of WGA, which provides engineering solutions for public infrastructure and real estate development projects. He's also on the board of overseers for New Jersey institute of technology and sees firsthand the intense demand by companies to hire and JIT graduates. It's become almost cliche to say, but a large percentage of the jobs required in the not too distant future have not even been identified yet. What that means is we need graduates with problem solving skills and an understanding of technology. Technological dexterity to be the leaders and innovators of the future. And JIT is rising to that challenge. It's not just about the engineering and the science, but it's also about the application of those in problem solving. Understanding how to apply is something that NJ IT is outstanding. And it's one of the reasons that their student body with your graduates are sought after. And JIT, New Jersey institute of technology. Learn more at NJ IT dot EDU. Burden LLP accountants and advisers presents tax chat with mayor Minsk, partner and co leader of burden's real estate practice. Whether it's because of the COVID-19 pandemic or not, it is essential for anyone negotiating a deal. So understand the underlying economic assumptions and the current market. From buying or selling assets to forming a joint venture, it's important to work with a sophisticated tax adviser who understands how the changing tax law may impact the structure of the deal. At burden, we leverage our more than 100 years of transactional experience to help guide clients through the complexities of these structures and ensure that they understand any potential tax impact. If you're a high net worth individual or business owner, le Burton help protect you, your family, and your business. For more tax tap from burden, visit burden LLP dot com. That's BER, DON, LLP dot com. Burden accountants and advisers, we listen, we solve, we do. Bloomberg date right. Essential business news from across the globe. This is Karen Moscow. And I'm Nathan Hager. Join us today at 5 a.m. on Bloomberg daybreak. We continue to watch this surge in COVID infections. I mean, look ahead to jobs day with Sarah House of Wells Fargo. Plus, a push for voting rights a year after January 6th will speak with Bloomberg government's Emily Wilkins. Bloomberg daybreak, weekday mornings at 5 on Bloomberg, 11 three O, the Bloomberg business app and Bloomberg radio dot com. From New York, another update on Wall Street, in fact, records to London. UK businesses are feeling the effects of higher prices. To Hong Kong, the Hank sang down about 1.3% right now, 24/7 business and market news that expands your worldview. French finance minister. I'm much more concerned about how things flow out of China. Bloomberg radio, the Bloomberg business app and Bloomberg radio dot com. Bloomberg, the world is listening. Hey, dad. Your prescription will be ready in just a minute. Hey, dad, your laundry will be ready in just a minute. Dad, your lunch will be ready in just a minute. Hey, honey. Why don't you take a minute? When you help care for a loved one, you give them as much time as you can, making sure they're safe and comfortable. But it's just as important that you take some time for yourself. At AARP, we can help with information and useful tips on how you can maintain a healthy life balance. Here for your own physical and mental well-being and manage the challenges of caring for a loved one, because the better care you take of yourself, the better care you can provide for your loved one. Thanks, dad. Thank you. You're there for them. We're here for you. Find free care guides to support you and your loved one at AARP dot org slash caregiving. That's AARP dot org slash caregiving. A public service announcement brought to you by AARP and the ad council. Markets, headlines and breaking news 24 hours a day at Bloomberg dot com, the Bloomberg business app. Quick take. This is a Bloomberg business flash. From Bloomberg's European headquarters in London, I'm Anna Edwards with this Bloomberg business flash and European equity markets following Wall Street lower this morning. The stock 600 down by one and a half percent, the FTSE down, a percent, the cacao, down 1.7, the Dax M1 point four, the ibex and the FTSE mid both down by more than 1.4%, real negativity here in Europe as we respond to a more hawkish than expected set of minutes from the Federal Reserve. That weighed on Wall Street yesterday now comes through the Asia session and into the European session, U.S. futures do suggest we could have a little bit more downside on that theme, though, to come, even he's down by two tenths of a percent NASA features down by four tenths. The MSCI Asia Pacific down by 1.4%, oil prices also in retreat, but not by much still over $80 a barrel on Brent 80 57 is where we trade, the yield on the U.S. ten year 1.73%, we continue to see that yield pressure mounting the yields moving higher as bond markets lose prices for. The dollar is gaining the yen is gaining so we see some of those typical havens moving to the upside, the Euros down by two tenths of 1% one 1295 and the pound also weaker one 34 96 on cable down by half a percent. That is a Bloomberg business flash. Now here's Liang Garrett with more and what's going on around the world. And a good morning and thank you. Russia and its allies are to send troops to Kazakhstan at the request of the country's president after violent clashes with anti government protesters. Meanwhile, the Central Bank says it will temporarily halt financial market operations following the biggest challenge to the country's leadership in decades, a state of emergency has been imposed in the oil rich essential Asian nation. Now to COVID in Europe and its spreading due to this Italy is to make jabs compulsory for people over 50 and will further reduce one unvaccinated people can actually do that's after COVID cases rose to record levels. Meanwhile, president Macron is under pressure after France suffered Europe's highest ever daily count of infections that was yesterday, with more than 330,000 recorded. And Novak Djokovic will remain at a quarantine hotel in Melbourne for at least the rest of the week after an appeal against his removal from Australia was adjourned until Monday. The world number one was refused a Visa. He's previously announced he's obtained a medical exemption from coronavirus vaccination requirements to play at the Australian open. Global news 20 four hours a day on air and on Bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. This is Bloomberg, Anna. Thank you very much, Shelley and Gary with the latest on the world news flow. Now back to one of our top stories driving markets this morning and that is that fed officials are considering earlier and faster rate hikes than expected due to rising inflation. That's according to minutes from the December FOMC meeting. After the release, we heard from Michael Conte pulos of Richard Bernstein advisers Brian levitt of invesco and former Federal Reserve vice chairman Alan blinder. Powell said during the press conference very clearly, they were going to go, is this a meaningful shift to the place where the Federal Reserve is going to raise interest rates so rapidly what's changed in terms of the fed's reaction function. This is the early stages of a tightening cycle. And as we know, it's usually not the first rate hike that matters. It's usually the last one. On March the live meeting for hikes. I think the only surprise, perhaps, was sort of the view on the balance sheet runoff. We should expect volatility to return to markets when we get unexpected results at a central bankers. I think so far so good. They learn to handle that better than they did in 2013. Of a host of voices there then talking about what we've learned from the fed recently. Let's broaden the conversation. Florence banjo CIO at licks or asset management joins me now. Florence, very nice to speak to you. Happy new year. Maybe it's too late for that on the 6th of January. Well, stop saying it after this week. Let's start with the fed then. And what did you take away from the fed's minutes for some investors, it's made them more seriously pricey or asked questions about March and whether we could see a rate hike as soon as March, what's your expectation? Well, actually, you know, the march rate hikes scenario was already on the agenda. The market was ready for three rate hikes. And now we have around 80% of probability of the first trade hike occurring in March. So for me, it's not so much on the right hike front that we have news where I find it interesting and surprising is that everything which is related to the reduction of the balance sheet where we're used to a fed that was waiting after the first trade hike to two balance sheet and the minutes really underscore that they're ready to do that move much sooner than what we expected. So potentially this year we're going to see both rate hikes and faster than expected reduction in the balance sheet so that's interesting. The second takeaway for me is that the change of tone is really radical. In September of last year, the fed was still saying inflation is transitory and we don't need to act fast. And in December, in the wording of the ministry, you really feel a sense of urgency. And that's important because during the last decade, we have been used to the fed being very gradual and very predictable in its move. What we see now is maybe at the fed wanting to be nimble, flexible and for market that means a bit unpredictable. So for me, these are really the two takeaways. Okay, and what's interesting is to sort of overlay on top of that, what we know about omicron in the United States now. And there are things we don't know, but we certainly know that the rates are rising at an incredible pace, as they are in many parts of the world. And what would be your FedEx expectation with that in mind if you form a crime turns out to be a wave that is milder and doesn't overwhelmingly overwhelm hospital systems. Then I suppose the fed could stick to the path that you've described, but if it did turn out to be something that had more of a fundamental impact on the economy, not to mention health, then would the fed change, of course. I guess I'm starting to understand, would we have to worry about the fed tightening and also an omicron induced slowdown at the same time? Well, there are two interesting elements in the question, actually, regarding the fed, because yes, omicron, we have a lot of contagion. But as we all know, omicron seems to be less deadly than previous experiments. So the impact on growth is not necessarily massive and actually what we saw in yesterday's market moves is that the rate hike and more essentially the long-term increase in rates was very much driven by real rate and not by inflation. In fact, break-even rates declined yesterday in the U.S.. So the deepening in the curve, which we are seeing is really related to a combination of stronger growth expectations and higher monetary policy uncertainty. But that's the
TuneInPOC
"bloomberg s" Discussed on TuneInPOC
"Com now. Accounting professional VM Cohen, CPA, a trustee of the Jewish communal fund, and sephardic beaker Holland talks about why he uses JCS donor advised fund and recommends JCF to his clients. JCF is an organization that I've worked with for many years, both personally and in my accounting practice. The ease of giving and managing my donations through their website is very effective using it for tax planning and managing all of my charitable giving through one place JCF send down and help support Jewish organizations throughout the tri state area. And that's very important to me and my clients. JCS donor advised fund is the smarter way to give back. Let Jewish communal fund maximize your client's charitable deductions and streamline their charitable giving, since JCF handles all the administration, get started now at JCF NY dot org or call 212-752-8277. We have a gift for giving. Why do hedge funds and other alternative managers rely on purging for a highly personalized experience? Mark El Dorado managing directorate BNY Mellon's Pershing and head of prime services shares how we help you consider everything. In today's every evolving environment, the team at Pershing's prime services wants to know, what are you focused on now? Are you confident in the stability of your counterparty? Do you feel they can help you grow your business when it comes to fundraising to have access to the mindset of the adviser or have what you need to navigate the ODD process, exceptional service for our clients is at the core of what we do. Our award winning team is just one of the benefits of working with BNY Mellon, whether it's customized financing or securities lending solutions, BNY Mellon's Pershing is a prime broker who's committed to this business and dedicated to meeting your demands. So you can focus on growing your business and producing results for your clients. To learn more about the unique and industry leading solutions for hedge funds and other alternative managers. Visit Pershing dot com. Member finra NYSE sipping. What is dedication? The thing that drives me every day is that is very un we call them day to day for short. Every day he's hungry for something, whether it's attention, affection, knowledge, and there's this huge responsibility and making sure that when he's no longer under my wing, that he's a good person. I think the advice I would give is you don't need to know all the answers. The craziest thing was believing that your dad knew everything so the dad you felt like you had to know everything. You had to get everything right. It's okay to make mistakes. As long as it's coming from love, then, you know, it kind of starts to work itself out. I want him to be able to sit back one day and go. We work together. We did a good job. That's dedication. Find out more at fatherhood dot gov. Brought to you by the U.S. Department of Health and Human Services and the ad council. The news you need to start your market day. On Bloomberg daybreak. This is Cameron Moscow. Join us today at 5 a.m. on Bloomberg daybreak. You find out where we stand in the COVID-19 pandemic with a mesh adult of Johns Hopkins. And has anything changed in Washington after January 6th will speak with Bloomberg government's Emily Wilkins. Bloomberg daybreak, weekday mornings at 5 on Bloomberg, 11 trio, the Bloomberg business app and Bloomberg radio dot com. The markets in focus every business day, the Bloomberg markets podcast with Paul Sweeney and Matt Miller. Are there some sectors that you want to have more or less exposure to? We've got to vaccinate the whole world a melis of the days Wall Street action. What's the thought on apple here from Bloomberg intelligence, Bloomberg opinion and influential newsmaker. The bond market was the boss. Bloomberg markets with Paul Sweeney and Matt Miller. Subscribe today at Bloomberg radio dot com. The Bloomberg business app or iTunes. Greg solder is president of WGA, which provides engineering solutions for public infrastructure and real estate development projects. He's also on the board of overseers for New Jersey institute of technology and sees firsthand the intense demand by companies to hire and JIT graduates. As we come almost cliche to say, but a large percentage of the jobs required in the not too distant future have not even been identified yet. What that means is we need graduates with problem solving skills and an understanding of technology. Technological dexterity to be the leaders and innovators of the future. And then JIT is rising to that challenge. It's not just about the engineering and the science, but it's also about the application of those in problem solving. Understanding how to apply is something that NJ IT is outstanding. That's one of the reasons that their student body that you're graduates are sought after. And JIT, New Jersey institute of technology, learn more at NJ IT dot EDU. Markets, headlines and breaking news 20 four hours a day at Bloomberg dot com, the Bloomberg business app. Quick take. This is a Bloomberg business flash. From Bloomberg's European headquarters in the City of London, I'm Laura Wright with this Bloomberg radio business flash, risk off in the Asian session the nikkei two two 5 up a tenth of a percent, the hang seng down 1.3% the hang seng tech index down 4%. That index heading for its worst day since its inception triggered by Tencent pairing back its investments in some tech companies, JD.com one feeling real pain down 6.4%. The CSI 300 down 1% the ASX 200 down three tenths of a percent cost me down 1.1%. Looking ahead to futures price action in east down two tenths of a percent. I was like 100 futures down half a percent traders digesting that daily record figure of COVID cases in the states released yesterday. Your stock's 50 futures down a tenth of a percent in the bond space U.S. benchmark ten year treasury yielding 1.640%. New Zealand ten year up almost ten basis points yielding 2.455% the catch up trade as New Zealand's markets closed earlier in the week. The Bloomberg dollar spot index at an 1179 handle flat to the downside the Korean one down four tenth of a percent against the dollar. At an 1196 spot 8 9 position, the Korean one experiencing downside because reports of a ballistic missile launch from its neighbor North Korea in commodities Brent crude now at $80 a barrel flat OPEC plus the alliance agreeing to implement that daily production increase 400,000 barrels a day from February. That's the Bloomberg radio business flash. Here's the angers with the world news morning. Laura, good morning and thank you. French president Emmanuel Macron says he wants to annoy the unvaccinated in an interview he is vowed to continue doing so until the end, adding that is the strategy. Proof of vaccines or a negative PCR test are required to inter restaurants cafes and other venues over in France, Macron's rivals have criticized his comments, saying he's unworthy of office. Now Australia and Japan will sign a historic treaty to further strengthen defense and security cooperation during a virtual leader's summit tomorrow according to the prime minister Scott Morrison. It will include an expanded agenda for the quad partnership that also includes India and the U.S.. And finally, a bottle of wine in Ireland has just got more expensive. The country's introducing minimum prices for alcohol sold in supermarkets and other shops to help cut abuse and underage drinking. A bottle of wine with 12.5% alcohol must now be sold for at least over €7, most liquor with more than 40% alcohol will start at over €20 a bottle. Global news 24 hours a day on air and on Bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries, only and this is Bloomberg. In time for Jai January
TuneInPOC
"bloomberg s" Discussed on TuneInPOC
"Out what the president did during that 187 minute. What did he know? Who did he speak with? What was he told? And what was his response to some of the suggestions? Now, what the committee has uncovered is that there were several members of his staff, including his daughter, Ivanka, who urged him to make a public statement, and they were apparently several recorded statements that The White House ultimately decided not to release before the statement that actually was released by former president Trump. That's the kind of information that's committee is trying to get. And that's some of the very information that the Trump White House is refusing to turn over and has now taken that case to the Supreme Court. Coming up next, I'll continue this conversation with Robert mince, and we'll talk about Trump's appeal to the Supreme Court. This is Bloomberg. The names that drive politics policy and business speak to Bloomberg's David Weston from politicians, senator Elizabeth Warren, Democrat of Massachusetts, Republican senator Bill haggerty of Tennessee. To CEO. Welcome now that GE's chairman and CEO Larry culp. Doctor Albert bourla, he's chairman and CEO of Pfizer. The world's top decision makers join David west at Paul romer. He's Nobel laureate and NYU Professor of economics. David Weston. Weekdays at noon eastern on Bloomberg radio. For the Jewish communal fund, Barbara novick investment professional and philanthropist. I think JCF has one of the best funds out there. It's very reasonable in its pricing. It's very flexible in its investments. And I give them an a plus for client service. A fund may be opened with a $5000 contribution of cash or appreciated securities and can be used as an alternative to a private foundation at any time you may suggest which charities you would like to support and in what amounts choose from the menu of high rated investment options and your charitable fund can earn tax free income. It's a very client centric organization. They have a very user friendly website, and I find they make my life easier. Let the Jewish communal fund be your personal connection to charitable giving, open a JCF fund now to lock in this year's tax deduction. Call two one two 7 5 two 8 two 7 7 two one two 7 5 two 8 two 7 7 or visit JCF NY dot org. This is a Bloomberg money minute. The mix of COVID sidelining airline workers plus a winter storm working its way through the mid Atlantic, grounded thousands more flights flight aware dot com is now counting more than 8200 bytes canceled since the start of the new year. And the situation could get even worse, according to aviation experts, because of AT&T and Verizon's plans to roll ahead with the rollout of 5G service, come Wednesday. That defies requests from the transportation secretary and the FAA to delay because they say the signals could interfere with aircraft electronics unless the court step in, the service will start and the results could mean at the least more flight delays. On Wall Street, the stock averages burst out of the gate on this first trading day of the new year with records for the Dow and S&P, the Dow up 247 to 36 5 85, the S&P up 30 to 47 97. The NASDAQ up a 188. Joan Dominick Bloomberg radio. What's the true value of your custodial relationship? Ben Harrison of BNY Mellon's Pershing explains. As sophisticated investors demand more from their advisers, advisory firms in turn need to rely on their custodian to help them grow their complex businesses. At BNY Mellon's Pershing, supporting the rapid growth of RIAs is our number one priority. We understand what it means to deliver true value to our clients, who are looking for a custodian that is aligned with their best interests and delivers high value solutions. All in an open architecture environment with flexibility, choice and transparency. Learn why so many of the largest advisory firms turn to us for the financial strength, resiliency, and high touch service that BNY Mellon Pershing provides. When you work with Pershing, we put your business first. Can your custodian say that? Learn more at Pershing dot com or call 804 four 5 four four 6 7. Pershing adviser solutions LLC member finra sip. You see the value in worldwide market news. The push for a global minimum corporate tax rate is still alive and well, and you want it first. To Labor Department has sent an emergency regulation to The White House. So do we, bond yields around the world are tumbling, Bloomberg daybreak. With Karen Moscow and Nathan Hager. Straight ahead your latest local headlines, plus a check of sports. We came at 5 eastern on Bloomberg radio, the Bloomberg business app and Bloomberg radio dot com. One 45 over 92. One 80 over one 11. A 182 over a hundred. And I had a heart attack and a cardiac arrest. And then a stroke. Your blood pressure numbers could change your life. A lot of people don't understand, including myself, I didn't, now I do. The impact of having a show. My memory is shot. When I woke up, I couldn't speak. Lowering your high blood pressure could save you from a heart attack or stroke. If you've stopped your treatment plan, restart it, or talk to your doctor about creating one that works better for you. Start taking the right steps at manage your BP dot org. I sent her life. But I want to make it better. I'll come back. Ask your doctor, check your blood pressure. Brought to you by the American Heart Association American medical association and the ad council. Seeing through the eyes of experts gives you a better view. So let's talk about the paint trade. And at Bloomberg, our market vision is 2020. I am shocked by the moves that we're seeing in the rights market. Bloomberg radio, the Bloomberg business app and Bloomberg radio dot com. Business, finance, and the latest news evicting world markets, powered by more than 2700 journalists and analysts in over a 120 countries. This is Bloomberg radio. Now, a global news update coronavirus hospitalization numbers are hitting a number not seen in months on Monday, the U.S. department of human services reported over a 103,000 people nationwide are hospitalized with the respiratory illness. It's the first time the number has been in 6 figures since last September. The number of coronavirus related hospitalizations is now higher than last winter's peak surge in New York State, governor Kathy okl says more than 9500 people are in the hospital related to COVID statewide the first time the number has been that high since very early in the pandemic. This is not that way we saw last year, this is straight up. I'd love to see it come straight down. Former theranos founder and CEO Elizabeth Holmes is being found guilty on four of 11 charges she faced. The jury convicted homes on three counts of wire fraud and one count of conspiracy to commit wire fraud. She was accused of intentionally lying to investors doctors and patients about her company's blood testing capabilities. I'm Brian shook. This is Bloomberg law with June gross from Bloomberg radio. The chair and vice chair of the House committee investigating the assault on the capitol on January 6th say the committee is learning more about what transpired The White House during the 187 minutes from the start of the siege to former president Trump's eventual suggestion that his supporters leave the capital. I've been talking to former federal prosecutor Robert mintz, a partner mccarter in English. Another thing the committee is trying to do, apparently, is trace the funding of the rally, how the organizers and the vendors were paid, what was happening in that war room. So what did that lead to? If it's found that some members of Congress or perhaps the former president, were involved in funding of
TuneInPOC
"bloomberg s" Discussed on TuneInPOC
"Is Bloomberg.
TuneInPOC
"bloomberg s" Discussed on TuneInPOC
"Business app and Bloomberg radio dot com. Broadcasting live from the Bloomberg interactive broker studio in New York, Bloomberg, 11 trio, to Washington, D.C., Bloomberg 99 one to Boston, Bloomberg, one O 6 one, to San Francisco, Bloomberg 9 60 to the country, Syria's XM channel one 19, and around the globe, the Bloomberg business act, and Bloomberg radio dot com. This is Bloomberg markets. All right, coming up, we're going to follow up on the EV story, Craig Trudeau global automotive editor for Bloomberg news. His big take story Volkswagen and Toyota. They're looking to dethrone Elon Musk in the EV business plus. We're going to check in with Chad Robbins. He's a CEO of adaptive biotechnology. That's a publicly traded company. Talk about the technologies biotechs that are being deployed against this pandemic end. Future pandemics. But first, let's go to great Jared Bloomberg news and get a Bloomberg business flash. Stocks stopped their movement down Paul, but now they're fluctuating a little bit green a little bit red right now in the red and most of the red is being attributed to tech stocks. Rising treasury yields are fueled greater concern about growth and profitability, but the yields for those ten years have also started to move just a little bit. Let's take a look at those markets. The S&P is now little change down to the Dow is up three tenths of a percent of a 108 and the NASDAQ is down 6 tenths of a percent down a 101. The ten years down two 30 seconds the yield is now 1.65% that's up four tenths of a percent. Let's take a look at West Texas intermediate crude up one and a half percent of 78 13 of barrel comics goes up four tenths of a percent at 1822 60 announced the dollar yen one 1583 the Euro dollar 1336 the pound. A dollar 35 52. Freya beamish, TS Lombard head of macro research tells Bloomberg that fear of inflation has some legs. Probably hasn't peaked yet. But I think as we go through the year, we could end up in a very different environment and I would have some very strong kind of pushbacks against the kind of outright inflation eastern, the main one being that the fed doesn't want to, and probably won't need to in the environment that we're forecasting. They don't want to derail the rebalancing, the necessary rebalancing that is taking place in the economy. Inflation easters are like that word. By the way, sources are telling the information that meta platforms has stopped development of a new software operating system that backs its virtual reality devices meta AKA Facebook is down 8 tenths of a percent. That's a Bloomberg business flash Bloomberg markets continues now. With all Sweeney and Taylor Riggs. This is the big take the best of Bloomberg's indent original reporting from around the globe. Well, we actually make sure we do as the economy recovers is look at the data kind of broken down a bit. It's time for becoming more and more expensive to be looking at from $15 billion for the rent entry level. There have been waves of immigration that have faced a lot of resistance. There's a lot of color behind the scenes and a great untold story. How did Bezos really come out on top as the cover says Jeff wins, he always seems to win. The big take on Bloomberg radio. When we talk electric vehicles, historically over the last, I don't know, 5 to ten years, it's basically been a Tesla story. And Tesla is the EV business, but boy, that is really changed in the last year, 18 months. We've seen Volkswagen Ford GM a lot of the big, big global automakers saying, all right, we're in now and we're putting big, big money behind it. Craig Trudeau has been following all of this. He's a global automotive editor for Bloomberg news. He's got his big take story out today and how the big dogs out there are looking, I'm talking Volkswagen Toyota looking to unseat Elon Musk as the automotive dealer leader in EVs. Craig, thanks so much for joining us here. It seems like the big auto companies they may be late, but they're not being shy here. They're talking about big, big investments. Absolutely. And I think Volkswagen in particular has been, I think, year after year, made a lot of noise about the amount of money that they're putting into electric vehicles. I think they really didn't have a choice, right? In the wake of the diesel emissions scandal to really pivot in a significant way to fully electric vehicles. I think they made a bet on diesels Toyota made a bet on hybrids and we all know how that ended up. I think Toyota was in a position of really viewing hybrids as a strength and something that it knew and knew well. There are also a company that sort of known to be a fast follower that they're not necessarily willing to take risks they'd rather let another company go out there and sort of fall on their face and learn to learn from it from the sidelines. And follow once they see that the time is right for a particular technology or change in approach to the way they do things. And so I think what we've seen is that Tesla has absolutely proven that there is demand out there for electric vehicles from companies that have really thrown their full weight behind them. And I think Toyota also just has felt some real pressure in terms of from the investment community that when there's a $1 trillion Tesla out there, I think there's really a market opportunity as well in investment opportunity for Toyota and these other companies really to make more noise about their ambitions for the space. Craig, talk to us though, start a big picture. What Tesla has done because it's not just making an EV, right? It's the actual manufacturing plant of you can make multiple different cars on the same plan or just with a small tweak. And it might be harder for some of the other traditional car companies to change the entire manufacturing plan into going from a regular engine to an EV. And then you talk about the charging stations. And the vertical integration of the battery supply chain. I mean, how have you noticed though that Tesla's really sort of positioned itself to outperform against all of those metrics? That's a really great question. I think Tesla does have some real advantages just from the sense that they are not managing away the internal combustion engine business and managing up the electric vehicle business. They are all in on the latter. They also are vertically integrated as you put it. They really, I think, are better able to just sort of regularly iterate and you see that in the form of software updates that are just fairly constant in terms of you wake up, you wake up one morning and your Tesla can suddenly perform a light show for you for the holidays. That is something that Tesla has been able to do in uniquely been able to do that years after they've started offering over the update capability, the incumbents still have not managed to do. So I do think that there are some real advantages that Tesla has from a technological perspective and that helps to sort of explain why there's so much excitement about the company. But I think there's also some real advantages that the incumbents have in terms of their ability to manage a big supply chains. The vast extent of their manufacturing footprints and while it isn't an easy sort of flip the switch and your factory now makes electric vehicles. They do have a massive amount of factories out there that are sort of ready to be ready for the taking to go
TuneInPOC
"bloomberg s" Discussed on TuneInPOC
"Is Bloomberg. And it's this is the Bloomberg green business report sponsored by Dell. Hawaii is rethinking tourism post pandemic for the first time native Hawaiians are in the majority of the state's tourism authority, not mainlanders with hospitality degrees, each of Hawaii's four counties has developed a strategic plan that focuses on sustainable destination management rather than marketing. There are several ways visits to Hawaii might be different reservations could be required for popular natural attractions and visitors may be charged a conservation fee upon arrival. New arrivals might get some crash courses on being a good tourist, one site already shows a 5 minute video that reminds guests to use only reef safe sunscreen and to stay a safe distance away from monk seals and other endangered animals. The general manager of a Hyatt managed resort near beach has removed amenities such as towels and lounge service to remind guests that the land has deep cultural significance. Jeff Bellinger, Bloomberg radio. Jody Schwartz noted tax attorney tells us why she recommends Jewish communal fund. I recommend that JCF to my clients to my colleagues to really anyone who asks a question about charitable giving because it's convenient. It allows you the maximum tax deductions permitted by law. And it just makes your life easier organized and simple. Another aspect for clients and for other colleagues who don't want their identities to be known or don't want to talk about the property that they're giving away to charity. I found JCS confidentiality. It's aggregate reporting to be very attractive to people. JCF can help you and your clients organize your charitable giving. With a donor advised fund, a fund can be established with a tax deductible contribution of $5000 or more. Contributions to JCF qualify for the highest tax deduction allowed by law, visit JCF and Y dot org or call 212-752-8277. Why do hedge funds and other alternative managers rely on purging for a highly personalized experience? Mark El Dorado managing director at BNY Mellon's Pershing and head of prime services shares how we help you consider everything. In today's every evolving environment, the team at Pershing's prime services wants to know, what are you focused on now? Are you confident in the stability of your counterparty? Do you feel they can help you grow your business when it comes to fundraising do you have access to the mindset of the adviser or have what you need to navigate the ODD process? Exceptional service for our clients is at the core of what we do. Our award winning team is just one of the benefits of working with BNY Mellon, whether it's customized financing or securities lending solutions, BY melons Pershing is a prime burger who's committed to this business and dedicated to meeting your demands so you can focus on growing your business and producing results for your clients. To learn more about the unique and industry leading solutions for hedge funds and other alternative managers. Visit Pershing dot com. Member finra NYSE sippy. I was in the middle of the Atlantic Ocean when it happened. There was a sudden jolt and our submarine crashed on the sea floor. We were in total darkness. That's doctor Dijon figueroa, a marine biologist, and stem teacher, talking about a deep sea dive she'll never forget. It's funny. When I was a kid, I was afraid of the ocean, and there I was, two miles below the surface. But as a scientist, you prepare for that. Using our training in a little creativity, we fix the sub and finish our experiments. The dive was just too important. Every diet gives us glimpses at things few people ever get to see. Lonely creatures fiery undersea volcanos. When we got back to the surface, I kissed the ground and called my mom, of course. But you know what? I wouldn't trade that die for anything. Doctor figueroa uses her passion for stem to discover new things and make the world a better place. She can stem, so can you. Check out she can stem for more stories and inspiration. A message from the ad council introducing Bloomberg quick take our global stories take on tomorrow today. Watch live news on the events changing your business and your world and go deeper with original shows on business, technology, politics, and culture. Don't settle for a news network built for yesterday. For a global view and an informed take, Bloomberg quick take. Now streaming free on Bloomberg dot com slash quick tape. Brought to you by Accenture, American Express, and AT&T business. You see the value in worldwide market news. The push for a global minimum corporate tax rate is still alive and well, and you want it first. The Labor Department has sent an emergency regulation to The White House. So do we. Bond yields around the world are tumbling. Bloomberg daybreak. With Karen Moscow and Nathan higger. Straight ahead related local headlines, plus a check of sports. At 5 eastern, on Bloomberg radio, the Bloomberg business app and Bloomberg radio dot com. 9 60 to the country, Syria's XM channel one 19, and around the globe, the Bloomberg business app in Bloomberg radio dot com. This is Bloomberg daybreak, Asia. It is a 30 a.m. in Hong Kong and here in Singapore, I'm Juliette Sully. And I'm Doug Krishna at the Bloomberg interactive broker studio in New York. We have higher interest rates today as a result of a pretty hawkish fed minutes or I guess you could say that the minutes are basically very hawkish and that was the reason we saw a spike in rates today. It weakened a lot of tech stocks. That's one of the themes we're going to be tracking as we continue here on the program. We'll take a closer look at market action in a moment when Brian Curtis joins us right now a few of the sours top business stories. Jules? And to the fed dog officials believe hikes in interest rates should come sooner and at a faster rate than previously expected. This is the key takeaway from those minutes of last month's fed meeting. Bloomberg's Kathleen Hayes tells us the fed is also getting ready to reduce the balance sheet. Clearly a significant number noting it could be appropriate to begin to reduce the size of the fed's balance sheet relatively soon after beginning to raise a part of funds ripped off. And in fact, some participants even judge the significant amount of shrinkage of the balance sheet could be appropriate as they normalize. So what's going on here? Basically, people are saying there's a lot of liquidity in the system. The fed doesn't want the yield curve to flatten and invert. If it starts reducing the balance sheet, it will put upward pressure on long-term yields and help prevent that. And at last month's meeting, fed officials were unanimous in expecting the need to begin raising rates this year, the minute stopped short of providing explicit guidance on the timing of rate liftoff. Let's stay with the fed because sources are telling us former fed governor Sarah bloom Raskin is a leading contender to be President Biden's pick for a top regulatory post at the fed. We have more from Bloomberg's Charlie pellet. It's a move that would please senators demanding swift action on climate change, senator Sheldon whitehouse who has been active on the climate issue, tweeted that a Raskin nomination as the fed's vice chair for supervision would be, quote, good news. The Rhode Island Democrat says Raskin really gets it on climate and senator Ben cardin of Maryland predicts Raskin will be easily confirmed. In New York, Charlie pallett's Bloomberg daybreak Asia will reveal the most since mid November, this after Amazon agreed to buy battery electric delivery vans from rival automaker Stellantis. Amazon is one of rivian's biggest backers in customers. In 2019, Amazon ordered a 100,000 electric delivery vans from rivian, the first 10,000 to due by the end of this year, rivian said it deal with Amazon remains intact and it called the latest development
TuneInPOC
"bloomberg s" Discussed on TuneInPOC
"Bloomberg dot com slash opinion and on the terminal by typing in OPI and go. Coming up, we talk about the Democrats path forward on their economic plans with representative nikema Williams of Georgia. That's coming up next on balance of power on Bloomberg radio.
TuneInPOC
"bloomberg s" Discussed on TuneInPOC
"Well and you want it first. The Labor Department has sent an emergency regulation to The White House. So do we. Bond yields around the world are tumbling. Bloomberg daybreak. With Karen Moscow and Nathan Hager. Straight ahead your latest local headlines, plus a check of sports. At 5 eastern, on Bloomberg radio, the Bloomberg business app and Bloomberg radio dot com. Mom was always very organized, but my sister and I noticed she started to forget things. Telling my girls about my Alzheimer's diagnosis was hard. But mom's early detection gave us time to make a plan. My sister and I were there for mom and each other. If you or your family are noticing changes, it could be Alzheimer's. Talk about seeing a doctor together. For more information, visit ALC dot org slash time to talk, a message from the Alzheimer's association and the ad council. Accounting professional Liam Cohen, CPA, a trustee of the Jewish communal fund, and sephardic beaker Holland talks about why he uses JCS donor advised fund and recommends JCF to his clients. JCF is an organization that I've worked with for many years, both personally and in my accounting practice. The ease of giving and managing my donations through their website is very effective using your for tax planning and managing all of my charitable giving through one place JCF send down and help support Jewish organizations throughout the tri state area. And that's very important to me and my clients. JCS donor advised fund is the smarter way to give back. Let Jewish communal fund maximize your client's charitable deductions and streamline their charitable giving, since JCF handles all the administration, get started now at JCF NY dot org or call 212-752-8277. We have a gift for giving. The markets in focus every business day, the Bloomberg markets podcast with Paul Sweeney and Matt Miller. Are there some sectors that you want to have more or less exposure to? We've got to vaccinate the whole world a Melissa of the days Wall Street action. What's the thought on Apple here from Bloomberg intelligence, Bloomberg opinion and influential newsmaker. The bond market was the boss. Bloomberg markets with Paul Sweeney and Matt Miller. Subscribe today at Bloomberg radio dot com. The Bloomberg business app or iTunes. Why do hedge funds and other alternative managers rely on Pershing for a highly personalized experience? Mark El Dorado managing director at BNY Mellon's Pershing and head of prime services shares how we help you consider everything. In today's every evolving environment, the team at Pershing's prime services wants to know. What are you focused on now? Are you confident in the stability of your counterparty? Do you feel they can help you grow your business when it comes to fundraising to have access to the mindset of the adviser or have what you need to navigate the ODD process, exceptional service for our clients is at the core of what we do. Our award winning team is just one of the benefits of working with BNY Mellon, whether it's customized financing or securities lending solutions. BY melons Pershing is a prime burger who's committed to this business and dedicated to meeting your demands so you can focus on growing your business and producing results for your clients. To learn more about the unique and industry leading solutions for hedge funds and other alternative managers. Visit Pershing dot com. Persian LLC member finra NYSE sippy. Markets, headlines and breaking news, 24 hours a day at Bloomberg dot com, the Bloomberg business app and at Bloomberg quick take. This is a Bloomberg business flash. From Bloomberg world headquarters, I'm Charlie pallett stocks are at the lows of the session Federal Reserve officials say a strengthening economy and higher inflation could lead to earlier and faster interest rate increases than previously expected, with some policymakers also favoring starting to shrink the balance sheet soon after that that word coming in the latest step OMC minutes. Throughout in tech shares has continuing as rising treasury yields, fuels greater concern about growth and profitability right now we've got NASDAQ down 294 points down one point 5%. The S&P 500 Index is down 37, lower by 8 tenths of 1% just about the lows of the day, but the Dow is down 80, a drop there of two tenths of 1%. Ten years down 1530 seconds, ten year yield now 1.69% spot gold up one tenth to 1% 1816 the ounce West Texas intermediate crude up 1.3%, 70 7 97 a barrel. Bitcoin now down by 1.1%, 45,000 710 on Bitcoin. I'm Charlie palette. That is a Bloomberg business flash. All right, Charlie, thank you so much. So we're keeping an eye on the markets because we've definitely seen yields move up and stocks intensify, especially when it comes to the tech sector, in particular, they're selling after those latest fed meeting minutes. We'll talk about that in a little bit. Basically, the fed set of strengthening economy and higher inflation could lead to earlier and faster interest rate increases and previously expected. So that is why we're seeing the market trade. In the meantime, we're watching all those COVID headlines. Yeah, we are Rio de Janeiro canceling its world renowned carnival, a street parties for the second straight year as a new wave of infection spread throughout the Brazilian city. Here in the U.S., Ivy League university's Yellen Princeton said they would limit student travel and impose testing requirements to curb the spread of the omicron variant. But I don't need to tell our audience any of these headlines because they know from their own personal behavior, the way that omicron is affecting their lives. Yeah, exactly. And a big one too is what Hong Kong is doing. They're going to ban flights from 8 countries. That includes the UK and the U.S., shut bars and gyms for a couple of weeks to curb that spread of the highly infectious variants. So like many of us, as we go through the pandemic, our next guest has been shaped by our own experiences with healthcare, looking to make changes. She is Seagal. She's founder and CEO of medics, global on the phone from Tel Aviv, Israel. Seagal, good to have you here. How are things in Israel? Hi, Carol. Thanks for having me again. Well, as is America, is carnitine the midst of another huge wave with this omicron hitting us all. I guess. But the thing is, although the army clone seems really milder, it is really getting wilder. And yes, I, if I look and put it in perspective, less people will get badly sick, but still people will die and people will be hospitalized. It's a matter of scale. We see it in Israel. We see the Europe. We see it in the UK and we see it in America. What's the right approach here? We know that the appetite for lockdowns, at least here in the United States is not very big. But it's interesting to see the news from Hong Kong as Carol mentioned banning flights from 8 countries that UK and the U.S. included in shutting bars and gyms for two weeks to help curb the spread of this. Is there any evidence that that will work or do you at this point it's so contagious do you just have to let the virus run its course? In all honesty and again by looking as a company that works on the ground in over 90 different countries, I think it's time we put behind us, the whole story of forcing people to get vaccinated, putting and mandate and having to government zigzagging left and right with going to test or not to test. Right now, we need to change the way we approach the management of this pandemic. And right now, I feel that the ones who have gotten vaccinated will continue to do so the ones who haven't and didn't they want to it and it's game over. So now we need to focus really on the next phase and that is separation. So get your house better. Your body, your mind, exercise each world, protect yourself. It's about preparation and prevention, yet vaccinated, where your mask, social distancing, where you can and rehabilitation. How do we actually get people over it? Get better with good medical outcomes. And the good news is we have the vaccinations and we have treatments. We
TuneInPOC
"bloomberg s" Discussed on TuneInPOC
"Today. Watch live news on the events changing your business and your world and go deeper with original shows on business, technology, politics, and culture. Don't settle for a news network built for yesterday. For a global view and an informed take, Bloomberg quicktake, now streaming free on Bloomberg dot com slash quicktake, brought to you by Accenture, American express, and AT&T business. Even in the time when almost nothing is easy, one thing has been effortless. And now our most important stories of the morning. Accessing the world's latest financial and political news. We see some strength around the European equity story. We've come to a consensus on a use case for Bitcoin. Positive move between the U.S. and the EU European businesses are silly investing heavily in China. Bloomberg daybreak Europe, weekdays at 1 a.m. eastern on Bloomberg radio, the Bloomberg business app and Bloomberg radio dot com. Hey guys, it's me Isabella Gomez filling in for smokey bear because he's got more to say than just. Only you can prevent wildfires. Like, if you're outside enjoying a barbecue, don't let a hamburger distract you from fire safety. Make sure you aren't dumping your hot coals or ashes onto the ground because that could start a wildfire. So take wildfire prevention seriously, and let's save the world one day at a time. Go to smokey bear dot com to learn more about wildfire prevention. Brought to you by the U.S. forest service your state forster and the ad council. For the Jewish communal fund, Noel Spiegel, former senior partner with Deloitte and past JCF president, discusses the advantages of a donor advised fund over a private foundation. There's a lot involved in having a private foundation. You need to engage attorneys, you need to engage your accountants, file, tax returns, at JCF, all of that is done for you. You don't have to get involved in anything other than making your contribution to your fund and then determining which grants that you want to make. A JCF fund may be opened with a minimum $5000 contribution of cash or appreciated securities and can be used as an alternative to or together with a private foundation. If you have a foundation, you have to list all of the contributions that you made, potentially anybody because the information is public, can find out exactly which organizations the foundation has made charitable contributions through. Let JCF simplify your philanthropy and protect your privacy. Learn more about JCS private client group at JCF and Y dot org. If knowledge is power, the Bloomberg terminal is your power up, connecting you to real-time financial data, market moving news, powerful analytics, and an influential network of financial decision makers around the world. Share ideas negotiate trades and gain the insight you need to make more informed decisions. See how the terminal can take your workflow to the next level at Bloomberg dot com slash professional. And JIT, New Jersey institute of technology makes innovation happen. The university helped biomedical engineering professor Tara Alvarez launch a startup that may revolutionize vision therapy. Our startup threw in JIT is called ocular motor technology. We create virtual reality, vision therapy in a head mounted display. So it's gaming and basically sugar coating the therapy so that children and young adolescents don't even realize they're doing therapy. To accomplish this, we need biomedical engineers, which are here in on JIT campus, a computer scientist, artists, people that are into story development, and then we are collaborating with a lot of the large pediatric medical centers. This idea of a startup culture is extremely important to not just NG IT and the national science foundation, but also to the U.S. as a societal whole. And JIT, New Jersey institute of technology, learn more at nj IT dot EDU. Markets, headlines, and breaking news 24 hours a day at Bloomberg dot com, the Bloomberg business app and at Bloomberg quick tape. This is a Bloomberg business flash. Boom, Bloomberg world, Hank waters. I'm Charlie peloton down Thursday, stocks drifted lower as Bond yields remain elevated, the fed's hawkish stance a key concern for highly valued stocks. The S&P slumped four points today down one tenth of 1% the Dow down 170 of decline of 5 tenths of 1% NASDAQ lower by 19 points today a drop there of one tenth of 1% at one point the NASDAQ composite index was down 185 points down 1.2%. Ten year down 5 30 seconds, ten year yield 1.72%, spot gold is down $21 the 1788 a drop there of 1.2%, West Texas intermediate crude up two point 1%, 79 48 a barrel on WTI. I'm Charlie peloton as a Bloomberg business flash. All right, Charlie, thank you so much. So as the U.S. capitol is being overtaken by supporters of then outgoing president Donald Trump, just one year ago today. We learned we really leaned, I should say, on our D.C. team, big time to understand and track what happened and continue to do so really in the days and weeks after it as well. That included our Billy house, congressional reporter at Bloomberg news, who was at the capitol during the insurrection, Billy joined us in the days after and shared what was going on as he was in lockdown on that fateful day one year ago. Here's some of what he said to us at that time. I was actually in the House chamber when they slammed the door shut. Pulled guns and rioters were not going to banging and slag cracking windows. But I must say how security performed admirably the escort the members out then they asked who ordered us out and we were safe. It was an incredible experience, if not harrowing. Billy house congressional reporter at Bloomberg news who joins us right now on the phone from Capitol Hill Billy, I remember all those conversations with you and was thinking about you and our colleagues who were there. You guys really gave us incredible information, incredible insight. As you look back at what happened when you were going, you hear yourself speaking nearly one year ago and what we've learned and seen in the days after the insurrection, let's strikes you. What really leached out to me is that there's still elected members of Congress who suggest that that was not a violent day that was not a violent insurrection. And that they expect colleagues who were pinned in that chamber and elsewhere in capital complex that day to sit down and work alongside with them on legislation and other batters, even though they still a year later don't accept what is clear on video and what they sometimes themselves actually saw. So that's if you want to talk about the gulf between the parties in Washington? That's only in large what was already a big split. Before the riot. Billy, that's exactly where I was going to go. Because it does seem like even I hear comments from some members of the house right now and it's almost like, you know, January 6th, 2021, didn't happen, or they were living in some alternate timeline or alternate universe. Based on your reporting and what you describe, is this something they really believe or is this what they think their constituents want to hear. And it will get them reelected. Well, I met capital now, and I just left a press conference with Republicans Marjorie Taylor Greene and Matt Gaetz. And they just now launched a bunch of scenarios they say they want investigated that the FBI prompted the insurrection and to either disrupt GOP challenges to the election or to make Trump backers look at. So that's where we are. And we can't take that seriously, right? Absolutely not. But there's good point in what you raised is people they speak to at home and elsewhere. These two actually travel around the country as sort of a.
TuneInPOC
"bloomberg s" Discussed on TuneInPOC
"Asia. Tonight at 6 eastern. China has vowed to consolidate the country's EV industry. On Bloomberg radio, the Bloomberg business app and Bloomberg radio dot com. This is a Bloomberg money minute. Macy's is the latest business hit hard by the omicron variant. It's made it so tough to staff stores, Macy's will cut U.S. store hours for the rest of the month between Monday and Thursday, reports say the stores will open at 11 in the morning and close at 8 at night. American Express is changing its staffing plans because of omicron, it will not start bringing workers back to the office January 24th as planned, the company says it will give workers two weeks notice before it starts doing that, even then most will spend some time doing remote work. And by the end of 2022, more than a quarter of all professional positions in North America more than 20 million jobs will be fully remote. That's according to latter's Inc, latter CEO says those who predict workers will return to offices are, quote, fooling themselves. On Wall Street, the Dow rose to a record just short of 36,800 gaining 215 points, the NASDAQ lost 210, the S&P three. Joan doniger Bloomberg radio. Melissa from Michigan. I work an extra part time job serving lunch at my child's school. But I still can't afford to put food on our table. Daniel from California, choosing whether to pay the rent or pay to fix the car to get to work doesn't leave us with much at all. Now we can't even pay for meals. Hunger is a story we can end, end it at feeding America dot org, brought to you by feeding America and the ad council. And JIT makes the workforce of the future and Greg solder a member of NJ IT's board of overseers and president of engineering firm WGA says and JIT graduates have the in demand skills that drive today's tech powered workplace. Our world is moving to a place of connecting the physical with the digital in the field of engineering and infrastructure. There's not a thing that we do that's not being changed by technology. We've gone from two dimensional renderings to immersive augmented and virtual reality solution sets used to be solved one at a time. Now we can run nearly and endless alternatives analysis and optimize the output and how we construct that future from autonomous equipment to three and 40 printing. And JIT students graduate with that critical understanding of the cyber physical world and how we move between them. But with that all important grounding in applied stem principles. And JIT, New Jersey institute of technology, learn more at nj IT dot EDU. I learned patience for my adoptive dad. Only had to say it was. A, you got this, just breathe. Hey. We're pretty good. Yeah. We have to start a band. I got it. Learn about adopting a team from foster care. You can't imagine the reward. Visit adopt U.S. kids dot org to find out more. This message is brought to you by adopt U.S. kids, the U.S. Department of Health and Human Services, and the ad council. The world's financial decision makers connect on the Bloomberg terminal. The buy side and the sell side together. Collaborating across markets and countries in real time. Sharing ideas, negotiating trades, and forming an influential network of over 325,000 financial professionals that helps power global markets. Isn't it time you join them? Request a demo. At Bloomberg dot com slash professional. Markets, headlines, and breaking news 24 hours a day. At Bloomberg dot com, the Bloomberg business out and at Bloomberg quick tape. This is a Bloomberg business launch. From Bloomberg world headquarters I'm Charlie pelota record for the Dow up another two 114 points today up 6 tenths of 1%, a retreat lower little change for the S&P down from yesterday's record, a drop there of three points down less than one tenth of 1%. NASDAQ tumbled 210 points down 1.3%. Stocks declined after worries over rising interest rates sparked a sell off in tech shares. Ten year yield 1.64%, gold 1814, the ounce and West Texas intermediate crude up 1.2%, 76, 99 per barrel of WTI. I'm Charlie pellet that is a Bloomberg business flash. Your listening to Bloomberg sound on with Joe Matthew on Bloomberg radio. Don't be stuck on stupid, the line from congresswoman Gwen Moore of Wisconsin. I'm going to start using that around the house, I think. I like it. Campaign will inevitably make that there a slogan, right? We're glad you joined us as we look for direction on just about anything that Democrats are planning for the new year. But then Joe Manchin happens, as was the case against today, got us like we never left, huh? Welcome back to the bubble. Grab your shovel. For snow this time. As we reassemble the panel today, our signature panel with Bloomberg politics contributors Jeannie chansa and Rick Davis, great to have you both with us. I wonder what your thoughts were Jeannie as Gwen Moore called into question it seemed at least that D after Joe Manchin's name every time I asked her about him, nothing's changing. He doesn't seem he's budging. He's not and he's not going to and Democrats can't be surprised by that. I think the one thing that surprised me today was that The White House and apparently leadership in the Senate and the House have not been negotiating with Joe Manchin. That to me is a challenge. And Joe Manchin said today, they can get something done on climate change. That unites both Manchin and the progressives in the house, they should do that. But to not be talking at this point and to let this idea that they're still going to vote on this thing go on is to me really a big problem for democratic leadership. Not surprised, I'm sure Rick Davis, you've been pointing us back to the memo from last summer all along here. It just makes you wonder if it's if it's not build back better. He says, I'm not even talking about it. As you heard in his cut a little earlier this hour, if it's not voting rights, and he says, we're not changing the filibuster for that. Then what are Democrats doing this year? Well, there is some effort to try and start negotiating these appropriation bills and go through some regular order on the budget. I think that would be a good use of their time since that's something that they can frame and shape policies since they are in the majority of these committees and they've got 12 of these appropriations bills to do. It's plenty of work to keep them busy. But I really don't understand why they continue to beat the dead horse on these two issues of voting rights and build back better. It's pretty clear. And it's not just Manchin. Kristen sinema has said she's not going to vote for a filibuster. There are other Democrats who are concerned about breaking the filibuster rule. Remember, it was Harry Reid who did it initially in 2013. It opened the door for Mitch McConnell to do it with Supreme Court Justices. That's right. So once you open that Pandora's box, it's going to, it's going to unleash all kinds of problems downstream. Let's hear from both ends of Pennsylvania avenue here on sound on. We'll start with Jen Psaki, The White House press secretary, who is asked about exactly what we're discussing here. Where is this conversation going anywhere? Have you guys been in touch over the holidays? Here's Jen Psaki. We're working in lockstep with leader Schumer on that. I'm getting voting rights done. He's obviously put out a timeline for that. We're