35 Burst results for "Bloomberg Tom"
Bloomberg Radio New York
"bloomberg tom" Discussed on Bloomberg Radio New York
"8 28 Tuesday morning in Hong Kong 1128 here in Sydney. I'm Paul Allen. And I'm Brian Curtis in Hong Kong. We're looking at markets in the Asia Pacific, Hangzhou index futures up 1.3% tough day yesterday down 2.7%, but did hold just above 19,000. We'll see what happens today. There's a fairly positive tone in the markets at the moment. The cost be is up about 6 tenths of a percent. The SX 200 as rallied about 1.3%. A little bit that the regulator is coming to the rescue and certain instances and that's projected a little bit of calm on to markets, but does it continue? We'll get a closer look at markets coming up in ten or 12 minutes, but again, now the top stories. Well, there's a new plan to further help first republic bank that's been struggling to bolster its finances, Bloomberg's Tom busby has more. Days after 11 of the largest healthiest banks in the U.S. agree to backfill deposits following a run on first republic bank, JPMorgan Chase CEO Jamie Dimon now spearheading a new plan to help the troubled lender. Although details are hard to pin down the latest plan would convert some or all of that $30 billion in deposits into some form of a capital infusion for first republic to be used to bolster its finances. Both JPMorgan Chase and first republic though declined to comment to Bloomberg on the exact nature of the proposed initiative. Shares first republic tumbling another 47% on Monday. Tom busby, Bloomberg, daybreak, Asia. The International Monetary Fund has approved a $3 billion loan program for Sri Lanka. That story from Bloomberg's Rashad salama. The IMF approved a 48 month package in Washington Monday to include an immediate disbursement of about $333 million. Since September, Sri Lanka has increased taxes cut energy subsidies and return to a more flexible exchange rate regime. It's all in an effort to make conditions a set indeed by the IMF, the agency estimating the country's expected to have about $56 billion in external debt. That's about 75% of its GDP this year. The loan package is considered a crucial step for Sri Lanka to stabilize its economy and begin restructuring its debts in Hong Kong. I'm Rashad salamis Bloomberg day break Asia. Semper energy and ConocoPhillips will proceed with a $30 billion liquified natural gas terminal in Texas. We've got the story from Bloomberg's Charlie palette. It is the latest in a wave of U.S. export facilities to begin construction following the war in Ukraine. In a statement sempra said the facility in Port Arthur will have the ability to produce 13 million tons of the super chilled fuel per year once complete. The first train is scheduled to be operational by 2027, the second a year later. The in New York, Charlie palette, Bloomberg, daybreak Asia. Amazon is laying off 9000 employees. The job cuts are on top of 18,000 announced back in January. That was Amazon's largest layoff ever. CEO Andy jassy says that the actions would mainly affect Amazon Web Services, HR, advertising, and the Twitch live streaming group. Johnson said the latest cuts came after teams completed a phase of the company's annual planning process. Amazon has been laying off mostly corporate workers after a hiring spree during the pandemic. It has tried to rekindle growth in its retail division. But the current slowdown is also hitting AWS. That's the cloud part of the company. And that's a source of most of Amazon's profit in recent years. Well, the time here is 32 minutes past the hour time for global news
Bloomberg Radio New York
"bloomberg tom" Discussed on Bloomberg Radio New York
"Daybreak Asia. A 29 in the morning in Tokyo where 31 minutes away from the opening of the markets there, which would only include U.S. sovereign debt, action is underway in Sydney, the ASX 200 is higher by three tenths of 1%. We'll take a closer look at all the market action for you a little bit of appetite for risk in the states with the S&P today jumping by nearly 1.8%. Brian Curtis will join us in about ten minutes for a closer look. In the meantime, we begin by updating a few of the sours top business stories, and we are hearing that Credit Suisse and UBS, the two big Swiss banks are opposed to a forced combination. This comes even as a scenario planning for a government orchestrated tie up does continue. Here is Bloomberg chinali basic. UBS Credit Suisse, this was the merger of dreams for a very long time, but the moment in time we find ourselves in now, if UBS were to buy a credit squeeze, they would also take on all the risks tied to Credit Suisse. And it would also probably also need some support from the Swiss national bank. Now we are hearing UBS would prefer to focus on its own wealth centered stand-alone strategy and Credit Suisse for its part is seeking time to see its way through a turnaround this after winning a liquidity backstop from the Swiss national bank. Now the Swiss government and the lenders are running through a range of scenarios and it remains to be seen whether additional steps will be taken. Well, it looks like all those cost cuts at one delivery giant really paid off last quarter. We have more from Bloomberg's Tom busby. A surprise earnings beat from FedEx that's thanks to an aggressive cost cutting plan, which included job cuts, helping offset a sharp decline in package deliveries as a lot of consumers pulled back on their spending during the holiday quarter. FedEx even raised its full year forecast. Shares of the company are up 18% year to date. Tom busby, Bloomberg, daybreak, Asia. If you are one of those who thinks Microsoft Excel is a little bit outdated, things could soon be changing, Microsoft Office apps are going to start using OpenAI's new chat bot technology. We have that from Bloomberg's Denise Pellegrini. Microsoft says that excel along with PowerPoint outlook and word will begin using OpenAI's new GPT four artificial intelligence platform under this new system AI powered assistance called co-pilots will be able to generate whole documents, emails, and slide decks from knowledge the software has gained scanning corporate files and listening to conference calls. Microsoft is already testing this with 20 companies, including 8 in the Fortune 500. And the technology is expected to debut in the coming months. Denise Pellegrini Bloomberg, David. 32 past the hour and an update on global
Bloomberg Radio New York
"bloomberg tom" Discussed on Bloomberg Radio New York
"Chief financial officer and the third leader of its consumer group in two years. And with more, here's Bloomberg's Tom busby. Charlie, the phone giant naming a new chief financial officer and the third leader of its consumer group in two years, controller Tony sketch will take over as chief financial officer on May 1st, succeeding that Ellis who departs after 6 years in the role to pursue other interests. The number one wireless carrier Verizon has trailed competitors in subscriber growth over the past two years, losing ground to free phone offers from AT&T and T mobile's rapid expansion of its 5G network. Charlie, Bloomberg's Tom busby Verizon down by four tenths of 1%. Sources tell Bloomberg met a platform has cut the price of some of its VR headsets because of lackluster demand. Stocks higher S&P up 64 up 1.6%, the Dow up 387 up 1.2% NASDAQ up 226 up by 2%. Global news powered by more than 2700 journalists and analysts in over 120 countries. I'm Charlie pellet, and this is Bloomberg. Bloomberg radio on demand and in your podcast feed. On the latest edition of the Bloomberg surveillance podcast, a conversation with Jerome Schneider, short term portfolio manager at pimco. There's a couple of vocal points clearly the topic and topic du jours simply that cashes back bonds are back yields are higher. We can find a lot of attraction simply being at the front of the yield curve. That's sort of a no no. But the minutia, which really investors and savers need to think about is the fact that depository rates are low, they need to be incentivized to really look at that, move out of one and 2% depository rates out the curve, even a T bills short term strategies to your notes, things like that. The second thing is is that clearly the fed is data dependent. But that's also going to create an evolving process, not necessarily that now that we're approaching the 5.45 .5% terminal rate that people expect. But more importantly, that the cutting mechanism is focused less on supporting growth and that goes for the ECB two as well, Tom, as well, focused on supporting growth. But focusing on fighting inflation, we know that. And that's a fundamental change compared to where we've been over the past few decades in terms of that. And the final thing to think about is don't necessarily be worried about liquidity conditions in the near term. There's plenty of excess reserves around in the system and et cetera. But the higher nominal rates that we are experiencing within the broader economy are going to have reverberations with in corporate credit within various structures. And we're going to see that proliferate. So investors need to be thinking about how to go about maintaining their degrees of freedom, high degrees of liquidity, and more importantly embracing these higher yields, which simply are going to be a much more acceptable place to be over the next year or so. You're the full conversation on the latest edition of a Bloomberg surveillance
Bloomberg Radio New York
"bloomberg tom" Discussed on Bloomberg Radio New York
"Portion of the military aid that the U.S. will send to Ukraine. Here's speaking to Bloomberg's Tom McKenzie at the mobile world Congress in Barcelona. It's up to the U.S. government to make those policy decisions, but beyond Ukraine itself, all of our NATO allies and the U.S. are providing supplies to Ukraine. Those stockpiles as you pointed out, they need to be backfilled. And some countries such as Poland have identified that maybe the risks and threats are higher than they thought before. And they want to increase their capabilities in some of these arenas. So I do think there's going to be some robust ordering for these kinds of systems because the world is recognizing that being able to defend yourself is a higher priority based on the necessity of the day. When does production get back to full throttle? Well, we're I'm full throttle for a peacetime production today. The issue is we need to build in anti fragility into our system, meaning if all of a sudden, as we have gotten a request to double production with no notice, that shouldn't take the industry two to three years. As it does today, because we are geared and funded for peacetime rates of production. We need to put some anti fragility into the system to say if we need a double production, what are the low value of low cost investments today, we can make to enable that in the future. And that's something again we're working with government, which is to win an unexpected event happens. Production needs to increase dramatically that we can much more rapidly get there. There are these concerns. We touched on around munitions, the ability to get munitions back up to the levels that are needed, surveillance gaps, and obviously the Chinese surveillance balloon is an issue as well. And there are some have said, look, the U.S. Military industrial complex is not fit for purpose. Is that a valid concern? I don't think it's a valid concern because I'm in Newtonian technologies. I'll call it them. The production cycle in development cycle for say a new stealth fighter aircraft, a new aircraft carrier. A new infrared satellite in the launches of missiles on the ground. Those products take a ten years to develop, test, and produce in enough numbers to make a difference. So most MOD's and Department of Defense in the U.S. are kind of scoped for that timeline. But we can accelerate the digital technologies into the equipment we already have in a much faster pace. So what I'm trying to introduce is and work with government to do more rapid capabilities to insert digital technologies to upgrade a mission, not just the airplane itself, but the mission of satellite connecting the airplane connecting to radar on a ship. Every 6 to 12 months. People have better and better capability. Okay. There's been a lot of discussion, of course, about planes for Ukraine. And the F-16 has been flagged as potential. Do you think that F-16 would be appropriate? Would you back that? The F-16 being sent to Ukraine. And what is the time frame for training pilots getting much of speed? So again, the U.S. government decides on export policies what countries get what equipment. We actually are contracted with the U.S. government to provide allies the equipment that the government thinks that can be exported to them. So I can't really speak to appropriateness of a platform to a mission. But what I can tell you is we have opened up a new factory in South Carolina in the United States to produce F-16s, and we've got orders already for about a 128 of them. We could take more orders as that factory gets up to speed. That's James sacred there, CEO of Lockheed Martin, and he did say on the day that he is expecting robust orders in 2023. The stock in this
Bloomberg Radio New York
"bloomberg tom" Discussed on Bloomberg Radio New York
". I made Morris and this is Bloomberg Tom and greedy. Amy, thanks so much. What do you see on the screen this morning? I mean, there's so much going on. It's a jumble day of where day we have very valuable conversations pushing to the weekend, but there's just the oddest Bloomberg data screen this morning. It really is. There's no fluidity, I think, when you're looking at the cross asset price action. To me, I think the story is the dollar. And the fact that the dollar is doing a whole lot of nothing is the story, to me that I find that really interesting, just given that the ripple effects is what cover kind of waiting for when it comes to people's bull cases for oil, for gold, for copper, and of course, arguably the stock market as well. And the dollar just not giving any direction. It's gonna be interesting. And we've got this backdrop of crypto. And to me, it's like, it's like a big deal. I mean, gensler's finally acting for American investors saying, you know, if you're going to do American investors and make promises you in an investment pitch, you got to play by the rules. Yeah, I mean, should we saw there? It's interesting, though, that every time there's some sort of development on the regulation front, excuse me, in the states, specifically. Bitcoin doesn't move a whole lot. When you look at the price action. Yes. When you look at the European story or the Chinese story, it absolutely does. Yeah, well, he made clear they're only talking about American investors as well. Futures and negative 18, please stay with us pretty good Tom Keene this. Is Bloomberg walking into building for the. If you're looking to get a new car, you could really cut expenses by bundling your car and renders insurance with progressive. Sure, you love your old car, but you know it's not normal to give instructions on how to open the window, it should be self explanatory, but it's not. And notice how when you're in other people's cars, you can feel cushion
Bloomberg Radio New York
"bloomberg tom" Discussed on Bloomberg Radio New York
"Bloomberg interactive broker studios. This is global news 24 hours a day on air and on Bloomberg quick take. Powered by more than 2700 journalists and analysts in more than 120 countries, on Michael Barr and this is Bloomberg. Tom Paul, thank you for that. If the tutor show right now, then the medieval Henry VIII I am I am. If the tutors show over back in a corner, they have the actual small tiny teensy weensy prayer book of Henry VIII. With his fingerprints on it and his handwriting on it. The guitar show four or 5 years ago at the Met, which was just stunningly fabulous. They got clapped and Van Halen, they got all the Motown guys. Metallica, the whole thing. Over in a corner quietly and glass. Was a fender esquire. The ugliest beat up guitar. You've ever seen. Nobody's paying attention to it. And that was Jeff Beck's fender esquire, like a telecaster, but Jeff Beck blew me away when I first got into him. And now stupid me. I mean, the man had been around for, you know, over ten, 11 years. By the time I got into him, and I think the album that I really liked, it was, I think it was just called Jeff Beck. The cover was black and white, and it was Jeff Beck. And that album just blew me away, even more than Peter Frampton and all the other guys, and I'm like, wow, this guy, and then I really discovered what he was all about and he was something else. It was the blues of America brought over there. And you know, they did it. And Cadillac ranch kalak records rather, which was, you know, the stones fascinated by what Memphis had and the rest of it. Beck was no different. These guys lived the American blues. And that's what they played. And people like clapped and launched out with it. But The Yardbirds was Jimmy Page. Jeff Beck, and a guy named Clapton. The different points sort of. Those three guys, what, 20? Yeah. 1921, the oldest was maybe 23. All in the same band. That's like Paul Sweeney. Thank you for Jeff back. We'll do some Yardbirds here. Coming up in a bit. Right now we're doing the market down. Help me here. Sure. We're up. We're down. We're up or down right now. We're down about a half a percent on the S&P 500 at NASDAQ off about three quarters of 1% here. Yields, I'm just kind of steady 3.54% on a ten year treasury. It's interesting to see the two year yield comes in as well. This is Bloomberg surveillance. Global market
Bloomberg Radio New York
"bloomberg tom" Discussed on Bloomberg Radio New York
"Some more time. Senate appropriations vice chairman Richard Shelby says he's more optimistic now of getting an omnibus deal through. He did not say how far apart the two sides are. Learning more now about that breakthrough regarding nuclear fusion at the Lawrence Livermore national lab in California National Geographic science writer Michael Gresh co tells ABC what it could mean. We're not yet at a place to we can generate power off of this, but before you roast marshmallows at your campfire, you need to start the fire. And so what they've demonstrated here is this sort of first step toward ignition. We are waiting for a formal announcement later today from the Department of Energy. Live from the Bloomberg interactive broker studios, this is global news 24 hours a day on air and on Bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. I'm Amy Morris. This is Bloomberg Tom and Paul. Amy Morris of the quantum mechanics there. Did you see that? I saw the physics. It was just, you know, it was bones. Just nailed it with the natural geographic guy. Yeah. I've had so many emails on fusion. Yeah. Anymore. Thank you. Greatly appreciate it. This morning. The fusion thing, I grew up on a periphery of it, not directly involved. In Rochester. Andrew got occurred. It was directly involved with Lawrence Livermore. I can't remember who he worked for him. I want to say Xerox, but he was directly involved in this hope and prayer. It was sort of like a Red Sox baseball before they eventually won. It was a open prayer like cubs baseball. And as Amy just beautifully had there, it's like, well, okay, there we are. Yeah, maybe we're having fusion in the market this morning. We are. We've got the S&P up now 3% here, Tom. And the NASDAQ. And that's just about 4% and I'm going to call out the vix because you called it out earlier. We're back down to 21 and change here just below 22. So the vix coming in here and then you look at the treasury, the yields are coming in, got the ten year treasury, the yields off 15 basis points or three spot four 5% on the ten year. What's real estate doing where you live? I mean, I'm in? Yeah, it's come in big time. And you know, I just saw my first price reduced sign that I've seen in years. And it used to be like when I sold my house, we didn't even get to sign in the ground before. And that's two years ago. So now I think 6, 7%. From the peak down about 7, make it 8% in the Bloomberg dollar index. As well, these are markets on the move. We're going to have to cover this through the day and of course 15 minutes away from getting the market open. Again, important testimony made ever more important in the last 24 hours. On FTX, I keep wanting to say FDX. Yes. Thank you. On FTX and crypto and we'll have all that coverage for you as well. S&P futures up one 24. Dow futures up 813. This is Bloomberg. You're never completely ready to adopt a teen. For a late night's writing English papers. Are your teens music taste? For dinners, where they talk more on their phone than with you. For the first
Bloomberg Radio New York
"bloomberg tom" Discussed on Bloomberg Radio New York
"Afternoon, so that's also something to watch. That is your big radio business slash now here's edwina or tour with our top story morning adrena. Good morning, Caroline. UN climate talks in Egypt have begun with a dill to discuss how rich countries can help pay for the damage caused by global warming elsewhere. The breakthrough will allow discussion at the cop summit of what's called loss and damage for the first time. Industrialized nations have repeatedly blocked this from the agenda despite demands from developing countries. China's exports fell for the first time in more than two years in October on weakening global demand, exports in dollar terms dropped .3% from a year earlier, well below the 4.5% gain projected by economists. This is China says it will stick with COVID zero unswervingly dashing hopes for an easing of restrictions. More than 5400 new cases were reported on Sunday, the highest for 6 months. After laying off about half the company on Friday, Twitter is now asking dozens of workers to come back. Sources say some were laid off by mistake whilst others were let go before management realized there needed to achieve features wanted by Elon Musk, and were also being told Twitter is delaying the rollout of verification check marks for paid users until after this week's U.S. midterm elections. Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts and more than a 120 countries. I'm a terror. This is Bloomberg Tom. Edwina, thank you very much, indeed. Okay, coming on next to our colleagues in the U.S. getting ready for Bloomberg. Daybreak, let's check in then with Nathan. Hager, good morning. Nathan. Of course we've got inflation, but also the midterms as well. A major political week for you. Absolutely. It is going to be a really busy week for us state side elections, inflation they could be, the major catalysts after we got that rally Friday on the back of last Friday's jobs report. You mentioned that note from Mike Wilson at Morgan Stanley, of course, is one of Wall Street's most prominent bears saying tomorrow's midterm election could spark an equity rally at the same time. We're hearing from Goldman Sachs strategists lowering their earnings estimates for the S&P into 2024 when we're going to get another election, of course. We'll get the view this morning from former gartman letter publisher Dennis gartman. He'll be with us for the hour. Of course, he's been bearish on this market all year long as well, so it's going to be really interesting to get his perspective. We're also going to check in with Bloomberg government's Emily Wilkins as this midterm campaign heads into its final sprint, the election itself is tomorrow. And we're going to get a live update as well from the cop 27 climate talks Bloomberg's use of Kamal Al dean will join us live from Sharm el Sheik, and we're keeping track of those big tech job cuts as well. Facebook parent meta platforms could be the latest to drop the axe on thousands while you mentioned their Twitter reportedly asking some of the thousands of pink slip workers. It just let go. Come back. Very interesting stuff this morning for me and Karen Moscow. Hope you'll join us for it. Bloomberg, daybreak coming up. Tom? Yeah, some really important stories Nathan, thank you very much, indeed, Bloomberg day rake is up next. If you're listening on the DAB digital radio, you're going to hear Bloomberg surveillance. Okay, now to cop 27 and some of our key interviews, so Rishi sunak, the British prime minister is going to be joining the summit today and he's expected to urge a global mission for clean growth, the prime minister is in Egypt for the gathering. Having you turned on his original decision and not to attend, the latest round of UN climate talks takes place against the backdrop though of devastating extreme weather around the world as well as an energy crisis and a cost of living squeeze driven by president Vladimir Putin's invasion of Ukraine. Now the IMF managing director Christine a girl gave us been speaking to Bloomberg, editor at large francine wacca, LaCroix, talking about the current economic challenges facing the world which are not nearly as important in her view as actually tackling climate change have a listen to the interview. Well, let me start by recognizing that we can survive recession. We can survive inflation, what we can not survive as humanity is
Bloomberg Radio New York
"bloomberg tom" Discussed on Bloomberg Radio New York
"From the Bloomberg interactive broker studios this is global news 24 hours a day on air and on Bloomberg quicktake. Powered by more than 2700 journalists and analysts more than a 120 countries Michael Barr and this is Bloomberg Tom creek. And the Phoenix is out there, Michael, bar the low today 90, and that's the heart of the matter is the doctors will tell you it's the cooling factor at night that's absolutely critical and a grant at Phoenix mostly AC, but still as you move away from where that heat is. This is terrible. It's apparently Texas dodged a bullet because yesterday they said, look, ergot, the power company. Yeah, we were talking about that earlier. Yeah, keep it too late. Paying attention. Because whatever you say. You're gonna hang on every word pretty goofy. I gotta talk about my youth where literally I remember folks begging my grandparents when my parents dumped me in the summer with my grandparents. It's an original idea. Can I please, please, please stay up for the home render. Please, please, please. Black and white TV, Dizzy Dean, whatever it was. And now we're here. And what I did notice Bloomberg business sports, the ratings for the All-Star Game are an unmitigated disaster. I mean, basically, is it safe to say no one cares? Yeah. I want to I'll say that. I mean, look, I think people like the home run Derby part of it and stuff like that. But it's not like it used to be. It's not like it used to be. Why? Because you have to remember back in the day when you used to watch baseball, you usually got if I'm a Detroit fan, the Detroit tigers, and any visiting team that came into Detroit. Okay, I'll catch Herman killer brew or whoever coming in. Unless you had the weekly game of the week, whatever. Now you can get any game you want. Demand. So it's not like, you know, oh my goodness, you know. Play and all that. Yeah. It's not unique anymore to see so and so, you know, on the tube. So why do I want to go see it? Do you described in mister Lonzo of the mets is out doing car commercials I saw now. We're very busy. Do you ascribe to the idea that the Homer and Derby, some of these guys work at it so hard to get hurt? I've seen a lot of guys, yeah. Because I've seen a lot of guys in a work it and work it and work it, then they come back and all of a sudden we got an oblique strain or something. And I see this happen a lot. What are your thoughts? On the Detroit tigers? No one's in Derby and people getting hurt. Oh, wow. You know, I wish I had any thoughts. I'm still catching up on Detroit tigers. There's a lot of ketchup. The Detroit tigers have an all star? That's a little. Well, yeah. It was a low blow. It's gonna darken the door. Yeah, I hope I believe so, mister brujos. Okay. That'll be very cool. Home run Derby. I was on black and white. I couldn't see the ball go over the fence
Bloomberg Radio New York
"bloomberg tom" Discussed on Bloomberg Radio New York
"120 countries. I'm Michael Barr, this is Bloomberg Tom Paul. Michael Barr thinks so much. Bloomberg business of sports with the shift I watched the other day in baseball. I still don't get it. But now we have relief pitchers starting games. Jeff passing over to ESPN today with a smart article on breaking the cadence of starting pitcher to middle relief to one guy that mops it up. What we grew up with is gone. There is no Sandy Koufax anymore. You don't have that. You don't have the pictures that we had back in the day. The Denny with tigers, man. You don't even look records anymore. You don't say like it used to be, if you're a great pitcher, you had 20 wins in a season. Yeah. Yeah. Nobody gets that anymore. Remember the Baltimore Orioles had three pitchers one year Jim Palmer and two others that were killed. From a Bloomberg business of sports standpoint, is this just there were so much money that the worry about their arm is completely taken over. Denny mcclain didn't care about his arm. He would just pitch until. I mean, we all fell off. You're too young to remember this, Michael barber, there's a guy named Christy Matheson out of bucknell, who tragically died early of TB, but a guy like Matheson pitched himself out of baseball. I get that's the bad case. A hundred whatever pitches a game. Pretty soon he couldn't throw the ball, but have we swung too far the other way? No, well, I think this is the way you're going to see the game go, because you're going to have it broken down in three segments like that. You got started, then you got the middle, then you got the reliever. You're going to see
Bloomberg Radio New York
"bloomberg tom" Discussed on Bloomberg Radio New York
"Barr this is Bloomberg Tom Michael Jenny Leonard reporting here on the president pledges to try to enshrine row in the law If court overturns some initial comments from mister Biden at the federal level we will need more pro choice senators pro choice majority in the House to adopt legislation that codifies roe which I will work to pass and sign into law We do not know whether this draft is genuine or whether it reflects the final decision of the court This is not going to go away Michael Barr This is going to be a fluid story for months and probably at least until the midterms That's definitely this is going to be a topic Our law reporter June Grasso said this this is going to be a huge topic when we get to elections We've got an election today in Ohio and as we get deeper into the midterms this is going to be huge And the investigation surrounding the leak itself as a whole nother issue That's never happened before I guess I just came to understand that Yeah I don't know what happened there but they're going to find out Folks to begin your study whatever the politics of the moment with Noah Feldman and Stephen Carter of Bloomberg opinion that really address much more the leaking side of this this morning you've got to believe Michael Barr will hear from people very much against roe V wade I mean they will come out as a president has come out and make statements Well you're going to see both sides and this is the same thing you're going to see We saw way back in 1972 73 You're going to see it again now Isn't that the most depressing thing of the morning I was about 8 years old when that came out I was about 8 9 years old as well Maybe times three You.
Bloomberg Radio New York
"bloomberg tom" Discussed on Bloomberg Radio New York
"Barr this is Bloomberg Tom Lisa Michael you pay attention How did he do yesterday He looked good Looked like he never was strong Yeah There were some points where he had a little trouble bending down But it looks like he never stepped off the course I mean 14 the torque we talked about yesterday look good I mean obviously he was one under he's in tenth place with a lot of people I mean the torque had to have been there Yeah now it's now with his game the torque is in his right leg and that's the leg where they dog on near amputated it 14 months ago I mean it's an amazing comeback I talked about this earlier I think of Ben Hogan years ago when he was burning up the tour and then all of a sudden he had that massive car crash and he came back and here's Tiger Woods doing the same thing Now Tiger is going to tee off I think around one 40 something or so And MT's off about a half hour from now So keep your eye out We're stuck in the weather's dry you know It's not rain at least It's not like a soggy slug Right and then they change pin positions and all that stuff Opening days there's sun here I said to Doug cast this morning it was horrific weather Surveillance correction mister Cass actually a little glimmer of I looked at the dreaded Yankees and I'm sorry They're loaded They look good I have to admit and yes they postpone yesterday's game as everybody knows and they're going to play today against the Red Sox So we're going to see how that goes give it up for the mets The mets they eat the nationals 5 one yesterday You know I saw someone I'm going to come in here because I have mets fandom in my genes And I do have to say a lot of people are saying but they should just end the season now Quit while they're ahead This is probably be the best season they've had 40 years Let's be honest That's what a lot of tigers fans are saying right We haven't even played yet You know what I'm gonna do I'm gonna look at the length of Red Sox Yankees opening day They got a short in the game They got a there's so many things that gotta do and three hours ten minutes is the average four game today I read an article yesterday Michael Bard and for all of you across the nation and bunting And one of the statistical problems of bunting is they've forgotten how to bunt.
Bloomberg Radio New York
"bloomberg tom" Discussed on Bloomberg Radio New York
"Barr this is Bloomberg Tom Lisa We're gonna finish strong with Damien sass our but I think in this hour we need to take a moment Michael Barr and I've been really remiss on this because I'm not like you know college football is just something I just don't have all that much time for Is Georgia like the 1927 Yankees Are they like another undefeated team Or is there something special about what they're doing this year Well Georgia is always been good The bulldogs are you can always for the most part count on them but this one is a little bit special because you got Georgia you've got so many teams big main teams that are fighting for a playoff spot In fact playoffs you could say it this way are starting this weekend if not last weekend For college football So Georgia yeah I think this is a playoff system better than the fun we used to have where you know you'd hate the rose bowl for three years because they didn't pick the right team and all that Is it better now It's better and I think they need to add more teams Okay Yeah I hate that And it's like well okay we'll put this team here and put that team No you can stand that If you made as much money this year on rotisserie leagues and all this other stuff like Damien sasso Well Damien's the experts So I have to go to him That's why we do the podcast He bought this NFL for me because it's amazing It's like sometimes It's like 7000 ft² for fireplaces It is amazing You think that Michael Barr has a big hunting lodge They still have no so much money Yeah Guessing all this stuff betting as they say Yeah how many cars does he have at his hunting lodge I think it's like a three car garage with both of them They've tractors Can I speak please.
Bloomberg Radio New York
"bloomberg tom" Discussed on Bloomberg Radio New York
"The black jogger He was attacking me that if he would have got the shotgun for me then it was the life or death situation Travis mcmichael his son in their neighbors say they thought Arbery was a burglar in their neighborhood A third day of jury deliberations is on the way in the Kyle rittenhouse trial the defense wants a mistrial They say prosecutors gave them a poor quality video that allegedly shows written house pointing his rifle at a Kenosha protester who did not pose a threat judge Bruce Schroeder says he will rule on that defense request later Live from the Bloomberg interactive broker studios This is global news 24 hours a day on air and on Bloomberg quick take powered by more than 2700 journalists and analysts in more than 120 countries in Washington I'm Nathan Hager This is Bloomberg Tom and Paul Nathan thanks so much Pause for you I want to go to Nvidia which I don't know much about other than everything in the house that has graphics as Nvidia I think that's a safe statement And again in this transformation of this great bull market these companies are adapting and they are finding you know there was a really interesting note this morning from bed ladler Are they conglomerates Is Amazon a conglomerate Is Nvidia becoming a hundred I don't know I don't know It's interesting I think I take a look at Nvidia I mean stocks up a 124% this year Market cap you know 730 $1 billion It's one of those huge companies that you just don't hear enough about arguably within the context of discussing the technology stack is tech geek like to call it here You talk about the chips And it's amazing They can put up those kind of numbers when you do have those global shortages and global supply chain issues It's 13 thousand employees We talk about Nvidia like it's a 100,000 employees It's 13,000 employees I mean another one you know different I guess But in the group we talk about Adobe and we go 100,000 employees they're like GM or Ford 25,000 employees at Adobe Yeah exactly And Nvidia 13,000 I mean out in Santa Clara do you see think about that part of the world Tom and how much creativity and how much wealth creation out there from the technology revolution that we've seen over the last 40 to 50 years it's centered right in that little part of the world It's just extraordinary So again Nvidia stock doing very well has had a great great run here You know as we've always heard.
Bloomberg Radio New York
"bloomberg tom" Discussed on Bloomberg Radio New York
"Helps power global markets isn't a time you join them request a demo at Bloomberg dot com slash professional Protect Taiwan and would come to its defense if attacked by China Speaking as a CNN town hall event in Baltimore Biden said he did not want a Cold War but wanted China to understand the U.S. was not going to step back or change its views China Russia and the rest of the world knows We have the most powerful military in history of the world Don't worry about whether we're going to be more powerful But you do have to worry about is whether or not they're going to engage in activities It will put them in a position where there may make a serious mistake Meanwhile Beijing consuls Taiwan part of Chinese territory and finally in Australia Melbourne is reopening ending one of the world's longest lockdowns Melbourne's 5 million residents can finally taste of freedom after more than 260 days under measures Art galleries gyms and other venues are expected to begin opening their doors early next month 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 and January this is Bloomberg Tom Thank you very much indeed Okay let's get the latest sports news with Chris cave Rangers manager Steven Gerrard says last night's Europa League win over bromby has set the standard for his players.
Bloomberg Radio New York
"bloomberg tom" Discussed on Bloomberg Radio New York
"Heat and building strategy which has a set target for all new systems to be low carbon by 2035 but energy UK's emmer pinchback claims ministers could have used a plan to cut consumer costs 20 to 25% of your electricity bill is made up of policy costs the electricity is the fuel in the future It's going to power your heat pump and it should be the cheapest form of energy So the long run government needs to move those costs But if there's a mist trick is they haven't taken the decision to do that now Meanwhile the government will soon announce its plans to cut emissions to net zero by 2050 In Europe Germany will let its state of emergency expire on the 25th of November the threat from coronavirus to people who have been vaccinated is only moderate This would mark a step towards normality after almost 19 months though the health minister Jens spahn is warning that hygiene rules in indoor spaces will remain necessary Spahn also said the return to normality would only be possible in the spring of next year North Korea has test fired a ballistic missile in the waters off Japan South Korea and Japan's military have both said Bloomberg's Peter pay has the latest from Seoul North Korea test fired what South Korean military officials believe may have been a ballistic missile designed to be launched from a submarine The missile was far from the port city of shimpo where North Korea has its submarine base and an underwater test platform It flew eastward and fell into the sea between the Korean Peninsula and Japan Last month North Korea tested several new weapon systems designed to deliver new coal were adds to South Korea and Japan In so Peter pay Bloomberg daybreak Europe And now to the U.S. the FDA's reportedly planning to allow a mixer match approach of COVID booster vaccines The agency could act as soon as this week It is likely to not recommend one vaccine over another but may say it is preferable to use the same vaccine when and where possible Global news 24 hours a day on air and on Bloomberg quick take powered by more than 2700 journalists and analysts in more than 120 countries agn guerins this is Bloomberg Tom Yeah thank you very much indeed Let's get.
Bloomberg Daybreak: Asia
Huawei unveils flagship foldable smartphone for China market
"Huawei took the rap self, its latest high end foldable smartphone. Bloomberg's Tom Mackenzie has the story from Beijing. The Lords of the $3000 Mate X two, comes after who always found a run Jeong Fe dismissed reports the company plans to sell its smartphone business quality has been hammered by US bands on component. On software sales to the company. Shipments punished more than 40% in the last three months of 2020 as it's in venturing of chips dried up on last year, it was forced to sell its low end on a brand while way is trying to fill the supply gap with its own chips. Peeking at the launch event in Shanghai, the company's CEO said. Capacity is
Bloomberg Radio New York
"bloomberg tom" Discussed on Bloomberg Radio New York
"It convenient for anyone who may have party too much on New Year's Eve. The famous cocktail, which contains vodka, tomato juice, lemon juice and was to share is set to help relieve hangover symptoms. Take care of the drink contains alcohol, which further dehydrated person possibly adding to that morning after headache, I'm no more words. And I'm Denise Pellegrini in the Bloomberg News Room. Will the New year means some new laws, including some that could have a huge impact on some of the nation's business is the hike in the minimum wage is coming up in a number of states. Bloomberg's Tom Busby has more 20 states, 32 cities and counties, many of them in California will see an increase in their minimum wages at the start of the new year. Most of them incremental hikes, part of a bigger multiyear effort to get to $15 an hour. Some states like Alaska, South Dakota and Ohio on Lee boosting base pay by a few cents an hour, But Connecticut, Illinois, New Mexico and others will hike paid by at least a dollar. The federal minimum wage. Still seven and a quarter an hour hasn't been increased in over a decade. Hilton Worldwide like most in the hotel industry, had a terrible 2020 because of the pandemic. But by one that trick the company is actually faring pretty well at Bloomberg's Charlie Palate takes a look at that The stock managed to eke out a 0.3% gain for 2020 as investors bet that Cove in 19 vaccines will unleash a surge of pent up demand for lodging. Shares of more than doubled since mid March, a surprising vote of confidence for a company enduring perhaps the worst year in its century long history. The company temporarily shuttered nearly 1000 hotels in the early days of the pandemic, furloughing thousands of employees and in the first nine months of 2020 revenue plummeted more than 50% from a year earlier. Charlie appellate Bloomberg radio and doesn't pay to be a former Fed chair. Or maybe we should say how much does it pay? Janet Yellen picked up more than $7 million in speaking fees in the past two years, mostly from major financial firms and tech giants, including Citigroup, Goldman Sachs and Google. The disclosures were made public is yelling, prepares to service President Joe Biden's Treasury secretary. Global News 24 Hours a day on Erin on Bloomberg Quick take powered by more than 2700, journalists and analysts in more than 120 countries. I'm to these Pellegrini.
Bloomberg Daybreak: Asia
U.S. Places Restrictions on China's Leading Chip Maker
"Here in the states, the government is blacklisting, China's top chip maker. As AM I see, along with more than 60, other Chinese firms, the U. S. Is calling them a threat to national security, and as a result, the government will restrict access to American technology. However, U S lawmakers warn it might have little effect We have more from Bloomberg's Tom Mackenzie critics, including Senator Marco Rubio. Describe the action as quote utterly ineffective. SM, I see has been stockpiling chemicals and raw materials in anticipation off the U. S action. The company could also repurpose much of its older generation equipment to produce more advanced chips. Just how effective the U. S restrictions ultimately are could largely depend on how far President elect Joe Biden decides to take the rules. Industry experts say no one quite knows how the latest sanctions will play out in Beijing. Tom Mackenzie Bloomberg Daybreak Asia
Bloomberg Best
Trump Bars Investment in Chinese Firms With Military Ties
"Trump signing an executive order in the latest White House bid to put pressure On China. Let's get some details from Bloomberg's Tom Mackenzie. US pension funds and investment firms will be banned from buying or selling shares and 31 Chinese companies designated by the Pentagon as having ties to China's military or intelligence services. U S National Security Adviser Robert O'Brien, saying the moves serves to protect US investors from providing capital that helps the People's Liberation Army. The band goes into a fate on January 11th. It's the latest move by the U. S to confront China on issues ranging from tech and trade. Hong Kong and human rights abuses in Xin Jiang in Beijing. Tom Mackenzie Bloomberg Daybreak Asia.
WBZ Midday News
Dow down 62 points amid skepticism over stimulus talks
"Stimulus talks again on tap, but will they bear fruit? We don't know, but we do have Bloomberg's Tom Busby joining us right now. Good morning. Well, investors are worried Lori about the chances for another federal corona virus stimulus bill, But as you said talks continue today. Now, after stocks began the day sharply higher the Dalek triple digits right now Dow is down 62 points the NASDAQ Down three the S and P 500 lower by eight
Bloomberg Daybreak
Study of Eli Lilly Covid-19 Drug Paused Due to Safety Concern
"We begin with another drug maker, halting a study for a Corona virus treatment. Safety concerns air pausing Eli Lilly's antibody trial. We get the very latest from Bloomberg's Tom Busby. Nathan and Karen Eli Lilly says enrollment of participants in a clinical trial of its antibody treatment for the virus has been paused due to a potential safety concern and independent data Safety monitoring Board recommended pausing enrollment in the government sponsored trial. Lily did not say why the panel recommended the pause. Lili is one of several companies developing so called monoclonal antibody therapies, which can potentially aid those with early covert symptoms from developing severe cases. Tom Busby Bloomberg Daybreak. All right, Tom. Thank you. They're lovely News comes a day after Johnson and Johnson polished. It's Cobain 19 vaccine trial because of an unexplained illness. Jnj chief financial Officer Joseph will kills us. The company pause the trial on its own The public I would hope would look at Today's temporary pause and again be reassured that we hear a Johnson of Johnson and I believe across the industry or following every proper safety protocol guideline to its utmost degree. Book says adverse events are unexpected part of a drug study. JNJ doesn't know whether the person in question received the vaccine or a placebo as the company is not privy to that information at this
Bloomberg Markets
Jack Welch, GE''s legendary CEO, has died at 84
"Police wages in corporate management has died Bloomberg's Bob Boone has this look back at the life of former General Electric CEO Jack Welch my last company wide meeting I thank all of you for what you've accomplished and even more for children in the future general electric's values Bloomberg's Tom Keene recall grew four thousand percent in twenty years on it is legendary executive people forget now here was a Jack Welch who invented how you do business which is don't make mistakes make as few mistakes as you can within the manufacturing process which now sounds like the but the time was revolutionary many workers took another view branding him neutron Jack for ruthless factory shutdowns and layoffs false kindness is the dumbest thing in the world it's the coolest thing in the world Jack Welch retired in two thousand one Bob moon Bloomberg radio Jack Welch dead today at the age of eighty
Bloomberg Daybreak: Europe
China Begins Testing an Antiviral Drug in Coronavirus Patients
"The bank let's get no to the corona virus outbreak China says the death toll has reached at least six hundred thirty six or forty one more cases have been found on the quarantine cruise ship in Japan that comes as Beijing is ramping up its efforts to contain the spread by increasing health screenings of residents in Wuhan for more we go live to Beijing where Bloomberg's Tom mackenzie is standing by so time how how much is China ramping up these efforts to contain the virus and when are we gonna start seeing the number of people infected it's now I think over thirty one thousand I'm gonna start to fall each day rather than continue to rise well that that is the crucial question of course and and very few people have have an exact on the flat they have estimate because you got the likes of Neil Ferguson from imperial college London he says daily inspections could not should be around fifty thousand every single day he doesn't think it's going to peak in just move on into at least margin in the rest of China may be until April or later on in the year he's an expert on these issues but even he can say that something of an estimate into the wall officials they were doing the chronicles of the multi pronged approach you got the corn seeds in areas like the province of Kobe forcible majors in cities like hung Jo which is hard Ali Baba the major economist John that way families now restricted from leaving their apartment twenty one member of the family that every two days buy groceries for example an intention which is just an hour south of Beijing why am now they've imposed similar measures again restricting people's ability to lead their own apartments whether or not lawyers measures will stop being posed in Beijing is another question that will be a major step then of course you got the testing so that ramping up the testing of the lab now a new hand testing to have the ability test ten thousand people a day and of course at the U. S. to send out testing kit as well to about four hundred didn't last minute course medics they were still working on trying to come up with some kind of faxing older of course the WHO's list a long way from that they are testing Chinese doctors a mixture of drugs and played a has been some progress according to state media but the green roll call into the number the coast continues under very few people expect that to radically grow up in the next few days or even weeks so we got all but six hundred and thirty death now thirty one thousand confirmed inspections and it's you said that ship off the coast of Japan now sixty one confirmed cases that many elderly passengers on my cruise ship of course you do have a Chinese doctors in this one Chinese doctor in particular he's been reported on points aloft and that is somebody who raise raise flags about the possibility of this becoming more serious some weeks ago Tom we've seen him die as one of the one of the the many hundreds even outside from the set from this
Bloomberg Best
Asia relieved at latest trade truce, China data disappoints
"Chinese exports and imports shrank more than expected in September exports falling three point two percent in dollar terms from a year earlier imports declining eight point five percent it leaves a trade surplus of thirty nine point six five billion dollars economists had been forecasting that exports would drop two point eight percent that imports would be down by six percent the weak exports add pressure to the slowing economy even with this disappointing trade data markets in Asia are buoyant some of that is being attributed to the US and China calling a truce in their trade war the two sides have not signed a deal yet but one is expected next month even so Bloomberg Tom mackenzie reports there's a lot of ambiguity to this deal I think a lot of people looking at this partial Dale will question how much substance Israeli that China is committed to buy more agriculture purchases that is not saying that China has not offered in the past it is low hanging fruit for the Chinese it is actually something many to do anyway to increase imports of agricultural goods for their own needs in terms of intellectual property and the currency regime we don't have the details it seems rather
Bloomberg Daybreak: Asia
White House Weighs Blocking Chinese Companies From U.S. Exchanges
"All right so the next round of high level trade talks between the US and China begin next month now China's ministry of commerce says that vice premier Leo it will be in Washington after October seventh so in the run up to these conversations the focus has become capital flow into China it was last Friday when we reported the trump administration is considering restrictions on fund flows to China we were also told the trump administration is considering de listing Chinese companies from U. S. stock exchanges however the treasury said it has no current plan to block these listings here's Bloomberg Sean don this is an ongoing. discussion in the administration this is this is not one that has. dude or or decided what to do this is the restoration continues to look at many options on what he can do to caress the issue of financial flows between the US and China that some people in the administration really see as a threat to the US economy and they would even argue national security. Doug got what we did speak earlier with the envy K. D. as Alvarez's achieve risk of his that he re technologies here and the key to all those that it's kind of don't really has the potential to upset the apple cart. en route to constrain Kapitel flows to and from China will run into the political and economic establishment even more so than the terrorists. and that we will be talking with the hands Stevenson Yang of J. capital research about this coming up but I would also be asking him about the seventieth anniversary of the founding of the P. R. C. of the people's Republic of China so that's going to take us to Beijing and Bloomberg's Tom mackenzie who can fill us in on what the conversation in the Chinese capital is like these days Chinese government is promising to take more steps to promote high quality to weigh financial opening and also encourage foreign financial institutions and funds to invest in the domestic financial markets that's the word from a summary of the eighth meeting of the financial stability and development committee John has been accelerating efforts to open its financial system for the past two years the state councils of financial stability and development committee is a cabinet level bodies sets up in July twenty seventeen it aims to improve coordination of financial sectors supervision the committee is chaired by vice preemie at Leo who a Thomas Kenzie Bloomberg daybreak Asia.
Politics, Policy, Power and Law
Bill Dudley: The Fed shouldn’t enable Donald Trump
"Former New York fed president bill Dudley got a chance to set the record straight today on the Bloomberg opinion column he authored contending the fed shouldn't enable Donald Trump he said in that column that the central bank should refuse to play along with an economic disaster in the making Republicans said they were outraged definitely would suggest the fed should play politics today he spoke to our Tom Kean and Jonathan Ferrell on Bloomberg surveillance we do have to reflect on off at the road around about a month ago I don't think on the quote with you since clarified and I want you to clarify once again it was the conclusion of the original that I think a lot of people's backs up and it said the following if the goal of mine a few policies to achieve the best long term economic outcome than fed officials should consider how the decisions will affect the political outcome it's twenty twenty when I got published how much push back did you get your full McCauley look I think there was a misunderstanding about what I was really trying to say what were you trying to say well the basic that main point the piece was to try to point out the fact that the president trump was trying this or have it both ways on trade he's pursuing a trade policy with China that pose risks for the economy at the same time as saying if the economy performs badly it's it's. the fed slow and my view is that the fed needs to make it very clear that the major risk to the economy is trade policy because creating uncertainty about investment and trade and supply lines and things of that sort and the fed needs to make it clear that that much your policy can only do so much about that I think the fed has made it more clear over the last few weeks I think if you look at chairman Powell's press conference he talked about trade and certainly a lot he talked about how the trade in certain is not some of the fed can easily address and that's the kind of push back that I thought was desirable I think a lot of people would be sympathetic with that view and that was the part of the pet that I think a lot of people were sympathetic with what they want with the mention of twenty twenty what is twenty twelve like I was I was trying to be provocative and what do they what they said the person to be very precise about it one could make if you accept the notion that the feds lofty goals are temps of maxim sustainable price and price stability over long term and one also accept the premise that this trade war might not be good for the the economic outlook then logic would say there's a question about should the fed take this should the fed take this into consideration at the end of the day I made very clear in the second piece that I wrote I don't think the fed should actually take this into consideration in setting policy if the fed were to do that they would become politicized and people would basically react by reducing the independence taking away the independence of the fed so you think the fed's already become politicized well it has become politicized because of the presence of tax on the fence so there's an academic piece that was good came out of the last I don't know twenty four of seventy two hours I saw it I just this morning and and they basically did a study of the effect of the present the fact the fact of the president's treats tweets on on the federal funds market and what they found was that the tweets actually were causing people to reduce their expectations about the federal funds rate so the fence already politicized in the sense that people are not sure now yeah if the fed is easing because that's the appropriate policy path or because of pressure from the trip president but that politicization. it's not coming from the fed is coming from the president but that is a really important point but also not politicize ation that pace I came from you and anyone this conversation now she's talk about in your face we came to say a former New York fed president should not comment on the current New York fed president but by mentioning twenty twenty can you appreciate how you've compromised your former colleagues and the optics around the next decision like I think that I think they're gonna behave in a a political way is there to do what they think is appropriate for the county and if I were sitting in their shoes I would do the exactly the same thing former New York fed president bill Dudley speaking today to Bloomberg's Tom Kean and Jonathan Ferrell and joining us now is Bloomberg news federal reserve reporter Chris Khandan Chris you heard Mister Dudley's explanation has he effectively put this controversy to rest high above the well it may continue to fade a bit but I think we can fairly call that a very tortured said of explanations about what bill Dudley said in what he has since claimed that he said and wrote they don't quite really match up in I think in the end it's clear that he has not made life for his former colleagues including take Powell easier he's made it more difficult well this is this really a triggered of some tough questions not only from Republicans but from Democrats absolutely and across I must say across the financial markets a lot of economists who watch the fed closely many who who used to work at the fed were fairly aghast at the initial call on it it really just invited hammering of the fed from certain corners on on Capitol Hill some folks that are going to take advantage of that and hammer the fed it it it as Jonathan very rightly pointed out in that interview the bill's own words politicized or or. give the appearance that the fed might act in a political manner when making a monetary policy decisions in may be justified in that and that's that's really it a poisonous idea for policy makers in this new study that was just published on Monday by the national bureau of economic research shows that market participants believe that the fed is under political pressure and will succumb to political pressure by the president so they think it's there that that's a very interesting study and quite frankly that surprised me I'd like to I I need to read more deeply into that but it does they claim to show a combined ten basis points off the expected fed funds futures contracts that's really I'd like to know how persistent that effect may be and we are the on the N. economics and fifteenth we do our own surveys of for instance economists these are not that's not the same body of people that are studied in that paper so they're not market participants but they are economists PhD Scott that following the fed and we asked them in several of our recent surveys over past months whether they think trump's criticisms would have any effect on monetary policy decision making and overwhelming the
Bloomberg Daybreak
US, China exchange goodwill gesture ahead of trade talks
"John. we begin with the U. S. and China taking steps to ease trade tensions of the U. S. sign president trump will postpone the extra five percent tariffs on Chinese goods by two weeks pushing them from October first to the fifteenth let's get details for Bloomberg's Tom mackenzie Friday would be surprising if the Chinese delegation had agreed to go over to Washington to continue these talks if October the first of those times had kicked in so it's not a major surprise that these are being pushed back and now we can see the window for these meetings because we don't yet have a fixed date is gonna be before October the fifteenth when of course trump says of those additional tires will be put in
Bloomberg Best
Asia stocks make cautious gains as weak data boosts stimulus
"Again stocks are seen gains on the first day of the week as traders weigh further stimulus in China after week data Chinese exports decreased one percent in August from a year earlier economists had expected some front loading of cargo is to the United States had of higher tariffs on September first instead it was a sixteen percent contraction China's central bank will cut the amount of cash that banks need to hold as reserves one week from today the fifty basis point cut will bring the rate the lowest level since two thousand seven Bloomberg's Tom mackenzie in Beijing says that might not be sufficient the approach of a taken so far in terms of fiscal support also some easing around the edges for monetary policy isn't doing enough yet support the economy and ensure that it can grow the pace that policy makers a needed to in order to reach their
Bloomberg Daybreak
China says will respond if U.S. escalates trade tension
"When it comes to the trade war, Beijing's next move could target US services. That's according to who she Jin whose editor of the global times, when of China's most combative state run newspapers, who spoke exclusively to Bloomberg through an interpreter late with the humble, China may target, the US services sector operating here trade in services is not the same as the trading goods. The US has barely talked about services, but China knows this is a fast growing area for the American side who has developed a reputation for forecasting moves from that. Chinese government using his Twitter feed to accurately predict policy from Beijing, Bloomberg's Tom MacKenzie explains. The FedEx investigation was something that he foresaw with one tweet. That's just one example. He also wrote it sweet about the blacklisting of foreign companies by Chinese officials say before anyone else had heard anything about this. These also tweeted on things like China, cutting back on agricultural purchases from the US and cutting back on Boeing Boeing would as those haven't come to fruition. But nonetheless, that's we managed to move buying. So quite significantly shares a Boeing fell five percent following that tweet on may
Bloomberg Daybreak
China's new economic growth target is lower but still robust
"China is looking at the slowest pace of economic growth in almost three decades. They get the details from Bloomberg's Tom MacKenzie at the National People's Congress gathering in Beijing. China's Premier Li Jiang warned of struggles ahead as announced a GDP target of six to six and a half percent for twenty nine team that is the softest target. The government has ever said itself GDP growth, they also announced a deficit target increasing that to two point. Eight percent from two point six percent that is to allow them to fund and fiscal measures, including three hundred billion dollars worth of constant taxes and fees aimed primarily at the manufacturing sector and at private
Bloomberg Daybreak: Europe
World shares breathe easy as Trump pushes out tariff deadline
"Markus. President Trump has extended a truce with China saying substantial progress has been made in the latest round of negotiations in Washington. China says differences between the two sides have narrowed, but cautioned that talks could become harder. Bloomberg's Tom MacKenzie reports is trade negotiators can breathe easy at least for now. Trump's threat to more than double tariffs on Chinese goods has been delayed beyond a March first deadline. Both sides have cited progress on issues ranging from intellectual property to the US trade deficit. China has warned of potential difficulties ahead, but shares of rallied on news of the tariff extension
Bloomberg Daybreak
China says won't weaken currency to boost exports, as U.S. tariffs mount
"And as the U S, China trade wars simmers, China is promising it won't be value. It's currency to boost exports. Bloomberg's Tom MacKenzie has more from Beijing. China's premier said devaluing the UN would do more harm than good. And repeated a pledge not to use the consi to support the country's exporters as trade tensions escalate leaker tongue to address. Additional concerns. Raised by Washington, saying intellectual property violations would be strictly punished and insisting foreign firms in China would be given a level playing field also said efforts to cut taxes and fees would be stepped up to support businesses amid a more challenging economic
Bloomberg Daybreak
Alibaba's Jack Ma says U.S.-China trade friction could last 20 years
"I'm Bob moon. And I'm Karen Moskow. We are just about four hours away from the opening of US trading. Let's get you up to date on the news. You need to know at this hour. Global markets are reacting to the latest esscalation of the U S China trade war with relative, calm, US futures. And European equities are higher after stocks in China. Gained nearly two percent today. This list moves on trade include the Trump administration. Imposing a ten percent tariff on two hundred billion dollars in Chinese goods next week. And then doubling that rate in two thousand nineteen and China's stands ready to respond. Bloomberg's Tom MacKenzie reports from Beijing
The Savage Nation with Michael Savage
Apple launch: Bigger! Faster! Pricier! Innovative?
"Tomorrow. Apple's expected to introduce several new iphones ipads, apple watches as the tech giant tries to become the first US company to reach a two trillion. Dollar market capitalization for a preview of what to expect Bloomberg's Tom Keene and Jonathan Farrow spoke with BT, I g analyst Walter Pijesak. Walter diode cell where are you right now on apple stock has been obviously been performing well as it typically does ahead of a an iphone launch. I guess warn people that the day of the launch itself, which I guess is expect tomorrow the announcement stock doesn't typically fair that well, but rather than being focused on the near term just looking at the long-term, or at least an intermediate term prospects of earnings rose said the company, that's the reason about this. Have you done a sum of the parts analysis of you ever have you actually tried to figure out what services slash itunes is? Is actually worth or the core franchise is worth. Or the peripheral is worth have you done a sum of the parts? We haven't done that yet, Tom. But, but it's it's interesting because it's so early stage if you look at the number of let's say active, I phone users that are out there. Creative strategies estimates that about eight hundred million eight hundred fifty million there's only three hundred million people today that are paying a regular subscription. So we're still early days in terms of number of customers paying regular service fees, and then no services themselves per customer, which in in in the service industry that's called. Our polls can probably go up on on new opportunities.