14 Burst results for "Brad Seeger"
Bloomberg Radio New York
"brad seeger" Discussed on Bloomberg Radio New York
"Available. I'm Brad Seeger. And I'm Susanna Palmer in the Bloomberg newsroom. Residents of the Jacob riis houses are being told not to drink or cook with their water for now. That's even though the company that tested their water and found arsenic now says it put the arsenic there itself in samples as part of the testing process. It has retracted its arsenic findings in the complex as water. Governor Kathy hochul said yesterday the state was stepping up its polio fighting efforts as the virus that causes the life threatening disease was detected in the wastewater of yet another county in the New York City area. The latest detection involving a wastewater sample collected last month in Nassau county on Long Island. The New York City health department says that it will work to vaccinate raccoons against rabies throughout the city starting next week. More from Bloomberg cines, Pellegrini. Susanna watched for this big push to start the day after tomorrow, wildlife biologists with the Department of Agriculture will be distributing individual baits containing an oral rabies vaccine. The loss will be using bait stations or tossing them by hand into wooded areas in Brooklyn queens and Manhattan, a city's health department will also supply a helicopter at low altitudes to deploy vaccine based on Staten Island's wooded and marshy areas from early to mid October. And so far the department says 18 animals, 7 raccoons from queens, one cat, one raccoon, and two bats from Staten Island, and two stonks, and 5 raccoons from The Bronx have tested positive for rabies. New York City's subway set, a ridership record on Thursday, carrying more than 3.6 million people in the highest traffic day since the start of the COVID-19 pandemic. In a statement governor Kathy hochul's office said ridership, which is about a 35% increase from the same day a year ago. Coincided with the reopening of public schools, more people are also getting back to the office. Global news 24 hours a day on air and on Bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. I'm Susanna Palmer. This is Bloomberg
Bloomberg Radio New York
"brad seeger" Discussed on Bloomberg Radio New York
"From The White House disrupted by a wandering plane Josh Letterman says the commander in chief was rushed to a secure location Saturday After a private aircraft mistakenly entered restricted airspace above his beach home in Delaware That pilot had simply made a mistake was on the wrong radio channel didn't have the up to date information A White House official said that precautionary measures were taken there's no threat to the president or his family Artists from across the world will gather in Manhattan's Times Square this weekend to raise money for the people of Ukraine organizers of aid Ukraine say admission is free and 100% of donations made will go toward charity organizations in charge of supplying humanitarian aid to the country Sunday afternoon's event will feature musicians with various backgrounds including opera pump and jazz A U.S. company is making baby formula again Abbott nutrition Saturday restarted production at its baby formula plant in Michigan I'm Brad Seeger Now this Bloomberg sports update Matt's got two homers from Pete Alonso we knocked in 5 and all Francisco Lindor Eduardo Escobar each went deep as well as the mets finished off the Dodgers 9 four Meanwhile Jacob degraded through his first bullpen since his shoulder injury 19 fastballs and moderate speed as he continues to ramp it back up for a possible return Yankees continue to roll now 9 wins and 11 games as they blank the tigers three nothing Luis severino allowed just one hit over 7 with ten K's why Aaron judge blessed his league leading 21st Homer of the season Anthony Rizzo went deep as well Meanwhile Giancarlo Stanton was activated off the IL before the game as Miguel Ann duar was sent back down to triple-A and duar is now requested a trade in Aaron Boone seems to understand his frustrations But right now I know he's contributing and he knows that we know that and just in a tough numbers game obviously So last night was difficult That courtesy of the yes network meanwhile the rangers and lightning resumed their series today at 3 o'clock as the scene shifts to Tampa blue shirts looking for a commanding three zero series advantage as Gerard gallant talked about how they'll look to keep attacking Tampa Bay We play our best game with me for a check hard and make them make mistakes I mean everybody make mistakes in this game and when we put pressure on them sometimes they're deterred to buckle and that's what we want to do We want to skate We want to play fast and so it's no different than we wanted to play all season long Kevin now the 33rd ranked golfer in the world announced his resignation from the PGA Tour naz getting set to participate in the new IV golf invitational series didn't want to have any restrictions on where he can play Through rask completed the memorial Billy horschel a 5 shot lead at 13 under women's French Open title went to eager to own tick bounced American coco Goff and straight sets moves her match win streak to 35 straight long distance since Venus Williams did the same in 2002nd career major for Sri Lanka her second French Open title And the man's final comes up later today Ralphie Nadal will take on Casper Ruud And that's your Bloomberg sports update I'm Mark Bennett You're listening to balance and power with David Westin on Bloomberg radio.
Bloomberg Radio New York
"brad seeger" Discussed on Bloomberg Radio New York
"President Biden is stressing the growing cooperation between the U.S. and South Korea on his first visit to Asia He toured a semiconductor plant in Seoul Only a few nanometers thick are the key to propelling us into the next area of humanity's technological development Biden pushed for final passage of a bipartisan bill of The White House says will cut costs for Americans and help ease inflation The bill is intended to boost chip production and guard against future interruptions in the supply chain At least one person is dead 44 injured after a tornado rips through northern Michigan governor Gretchen Whitmer has declared a state of emergency for a single county and one top official tells CNN the damage in the town of Gaylord is catastrophic The crowd at today's Preakness stakes will be the largest since the start of the pandemic last year attendance at pimlico race course in Baltimore was limited to 10,000 in 2020 There were no fans at the race This year a crowd of nearly 100,000 is expected I'm Brad Seeger And I'm Susanna Palmer in the Bloomberg newsroom Health officials continue to investigate a suspected case of monkeypox in New York City to patients had been under investigation by the city's health department for possibly carrying the virus One possible case of monkeypox in the city was ruled out while the other person tested positive for a virus consistent with monkeypox the patient was in isolation and local health officials are doing contact tracing Former president Donald Trump has paid a $110,000 contempt of court fines stemming from his failure to comply with the subpoena by New York attorney general letitia James office A judge in April ordered Trump to pay a $10,000 a day fine for not heeding a March 31st deadline to turn over documents in the state attorney general's civil investigation of his business interests Well there's a new effort to sever Staten Island from the rest of New York City and make it its own city We get more about that from Bloomberg's Denise Pellegrini City council minority leader Joe barelli says Staten islanders can govern themselves better as a stand-alone city A New York one among those reporting that borrelia Republican has again introduced legislation to create a task force that would study and report on the feasibility of an independent city of Staten Island Worth noting the secession process would require approval from Albany which would likely be difficult to obtain Denise Pellegrini there The MTA is now going after toll evaders MTA chairman jano lieber says the agency is going to crack down on fake and obstructed license plates Any device material.
Bloomberg Radio New York
"brad seeger" Discussed on Bloomberg Radio New York
"In over a 120 countries This is Bloomberg radio Now a global news update authorities in Buffalo say they're moving quickly to prosecute in 18 year old man accused of murdering ten people in a grocery store Erie county district attorney John Flynn told reporters Saturday The wheels of justice are moving swiftly A felony hearing will not take place in 5 days And then the investigation continues So we have taken the appropriate steps right now to get him behind the virus 18 year old Peyton gendron is being charged with first degree murder for allegedly shooting 13 people Saturday afternoon at a buffalo grocery store ten of the victims died gendron is pleading not guilty Authorities believe the crime was racially motivated Minority leader Mitch McConnell leading a delegation of Republican senators on a visit to war torn Ukraine President zelensky announced the visit on telegram Saturday morning Video shows McConnell accompanied by senator Susan Collins and John cornyn being greeted by zelensky in the Ukrainian capital of Kyiv I'm Brad Seeger You're listening to Bloomberg businessweek with Carol masher and Bloomberg quick takes Tim Steven from Bloomberg radio All right with all the market volatility again this week I mean it's really been the theme of 2022 market volatility So we recently caught up with a perfect guest to talk about it He has seen a lot of market cycles Fair to call him legendary Allen Patrick Hoff an early VC he helped build and grow such companies as America online Office Depot A little company called Apple audible as well He's the chairman emeritus and cofounder of gray Croft He's also got a new book out Carol It's called no red lights reflections on life 50 years in venture capital and never driving alone You know everybody I meet is lived for such a short time relatively in this market that they only see everything going up and I've lived through so many cycles that to me this was inevitable it's going to come Everybody was living in a euphoric state that things were only going to go up And I think you better be prepared for some kind of hiccup and I don't know why it's going to happen but that's just the way the markets work How big of a hiccup and how long are the hiccup Well I think it depends on what the after fall is after this initial setback Will the market stabilize or is it going to you know after a certain period of time go down again I mean the levels that the markets have just been increasing steadily until the beginning of this year I mean last year was dramatic The whole Trump era was dramatic I always follow the theory that markets don't like surprises And all we had was surprises for four years and the market kept going on So I think we've got an after effect of that And I just say one thing this is not the time to sell I think you got to ride the rocky periods and watch how to see how it stabilizes Even a name like you know you've got meta meta platforms right Facebook down about 38% this year We were talking about Netflix before we got going It's down almost 46% since April 19th when it just freaked out the markets right When it came down with a lack of subscriber growth So I don't know how do we make sense of some of that Is that opportunity to you Or is it like there's something wrong Well if I were following public markets I'd be looking very carefully for where the opportunities are in terms of companies that have relatively good values and relation to their revenues and their profits and which ones have the balance sheets that are going to sustain themselves No matter what happens to interest rates But in terms of meta and Google and Apple I think we're going through a period where for finally the Congress are now focused on the monopoly positions that these companies have And there's legislation pending And I think that it's long been longer company You really are coming You realize that the Internet has not had any regulation there's been no regulation in 25 years we're living with outdated monopoly laws And I think that Europe has just passed some very significant laws And the U.S. is going to follow I think very shortly And that is an overhang Very curious about your thoughts on this Does the monopoly power that you argue that some of these big tech companies have to what extent does that stifle innovation when it comes to startups Of course it does I mean you know I can't tell you the number of companies I've been on the board of where I'm going to aboard me and they'd say traffic was down 50% or whatever the percentage is why Google changed their algorithms I mean that's monopoly if I've ever heard it I mean we our original monopoly laws were related to control of the railroads that control of oil now we're seeing a different kind of monopoly control And that is you know when you have 90% of your search going through one vehicle and when people are putting their own internal products and offerings ahead of other products that are available that's monopoly Consumers get hurt Yeah Oh ultimately of course Well let's put this way The advertisers are getting hurt The competitive businesses are getting hurt And I.
Bloomberg Radio New York
"brad seeger" Discussed on Bloomberg Radio New York
"Alleged buffalo supermarket shooter Payton gendron was charged with first degree murder Saturday night It comes after 13 people were shot ten fatal east Saturday afternoon at a top supermarket gendron who was 18 pleaded not guilty Authorities believe the shooting may have been racially motivated Meanwhile New York governor Kathy hochul is promising to crack down on gun violence in the state of New York She said she planned on Tuesday to announce a comprehensive gun package to tighten loopholes around gun laws We are doing everything we can to ensure that our laws are tight their ironclad Just last month a different suspect shot up the subway system in Brooklyn injuring almost 30 with ten of those suffering gunshot wounds A coalition of reproductive rights and progressive groups are beginning a summer of rage with rallies around the country The band's off our bodies day of action organized more than 400 protests taking place on Saturday in cities like New York City Los Angeles Chicago and Washington I'm Brad Seeger And now this Bloomberg sports update Yankees battled back with runs in the 8th and the 9th to tie things in Chicago only to watch Luis Robert deliver the walk off RBI single off a rolled as Chapman given the White Sox a three two victory Giancarlo Stan remained hot three more hits including an RBI but it's the White Sox that snapped the Yankees 5 game win streak May it's able to hold off the Mariners 5 for Patrick mazzika the go ahead solo shot after chasing shreve allowed the game tying three run blast to Jesse winker Francisco Lindor with a pair of RBIs Edwin Diaz striking out the side in the 9th to close the door Meanwhile before the game the mets lost catcher James McCann for about 6 weeks due to a broken bone in his wrist he was placed on the injured list he needs surgery Rangers and penguins getting set for a deciding game 7 tonight blue shirts able to erase a three one hole in the series rallying from two goals down in both games 5 and game 6 to force the series the distance head coach Gerard gallant not looking to change the mindset his team has had each of the last two games We approach the last two games as game 7s you know really we had to win those games and watch Wednesday we found a way to win no sake game So just keep trying to play and keep winning hockey games and then you can move on Rangers and penguins at the garden at 7 o'clock no word on Sidney Crosby who of course miss game 6 with an upper body injury Phil Mickelson is withdrawn from next week's PGA Championship defending champion is not played since January as he continues to take time away from golf after his controversial comments with a PGA Tour in the Saudi Arabian financiers of a breakaway circuit Three rounds are complete Byron Nelson.
Bloomberg Radio New York
"brad seeger" Discussed on Bloomberg Radio New York
"I'm Brad Seeger And now this Bloomberg sports update White Sox snapped the Yankees 5 game win streak and walk off fashion a three two victory Luis Robert your game winning RBI single off a roll this Chapman Giancarlo Stanton three more hits in an RBI Nestor Cortes junior will get the ball this afternoon and the rubber game of three Patrick mazeika the go ahead solo shot in the 7th as the mets were able to withstand the Mariners 5 four Edwin Diaz shut the door in the 9th while the mets had coughed up a four one lead before mizika put them in front for keeps Francisco Lindor knocked in a pair as well as they'll play the rubber game of the series this afternoon Meanwhile before the game the mets plays catcher James McCann on the injured list thanks to a broken bone in his wrist he's likely on the shelf for about 6 weeks Rangers of penguins were all the marbles later tonight a game 7 at the garden as the rangers looking to complete the comeback from three one down in the series Teams are going to be wearing the gold and ready to go and everybody knows the loser goes home so it should be a fun game It's a closed series The teams are evenly matched and hopefully we'll come out on top but it's going to be I think expecting a real good game Head coach Gerard gallant as he hopes this club won't start as slow later tonight They've had to rally from two zero down in both games 5 and came 6 to force this deciding game 7 Now further word on the availability for Sidney Crosby for Pittsburgh who sat at game 6 with an upper body injury however he was able to skate at practice Gal Phil Mickelson decided to withdraw from next week's PGA Championship lefty is the defending champion but he hasn't played a few months following this controversial comments regarding the premier goth league backed by Saudi Arabia Meanwhile at the Byron Nelson Sebastian munoz holds a one shot lead on Jordan Spieth as he sits at 21 under after three rounds and the giant is able to come to terms with both of their first round picks as kayvon thibodeaux and Evan Neal both locked in on four year deals And that's your Bloomberg sports update I'm Mark Bennett.
Bloomberg Radio New York
"brad seeger" Discussed on Bloomberg Radio New York
"The white sands missile range I'm Brad Seeger The Yankees needed something to start their bats It happened to be a hailstorm in Baltimore after a rain hail delay the Yankee bats erupted In fact Josh Donaldson's two run Homer came after Anthony Rizzo and Giancarlo Stanton at RBI hits the Yankees go on to beat the Orioles 5 two in Baltimore Yankee starter Jameson tione had given up a two run Homer to Cedric Mullins and the Yankees trail two zip heading into that rain delay The Matt Sadler three game winning streak stopped at city field losing to the Arizona Diamondbacks three two but don't blame starter Carlos Carrasco who was simply brilliant 8 strikeouts and allowed just three hits over 5 innings of work but the bullpen gave up three runs in the top of the 7th the mets didn't give up though starling Marte smacked a two run Homer in the bottom of the 8th but the rally would fall short and the mets lose to the Diamondbacks NBA playoff action gets underway for the nets and the Celtics Sunday afternoon at 3 o'clock in Boston plenty of action in first round play It was the Utah Jazz surprising the Dallas Mavericks 99 93 Luka Dončić didn't play for the Mavericks and it hurt Donovan Mitchell leading the jazz with 32 points The Minnesota Timberwolves destroy the Memphis Grizzlies on the road Anthony Edwards with 36 points he's hot all star center Carl Anthony towns teammate had a monster game with 29 points pulling down 13 rebounds in the T wolves victory The sixers look good on their home court in Philadelphia beating the Toronto Raptors one 31 one 11 Steph Curry returned to the Golden State Warriors lineup just in time for game one of this playoff series against the nuggets and Golden State beat Denver one 23 one O 7 Rangers goalie Igor shish durkin is proving he is the real deal His 5th shutout of the season The red hot rangers skated past Detroit Ford and I think that's a Bloomberg sports update I've done Doyle.
Bloomberg Radio New York
"brad seeger" Discussed on Bloomberg Radio New York
"Brad Seeger Now this Bloomberg sports update Patrick Kane and Brandon Hegel scored three golds a piece for the Chicago Blackhawks becoming the first Chicago teammates with a hat trick in the same game since 2003 as Chicago snaps a three game losing streak and defeats the Devils by the score of 8 to 5 four Kane his tenth career hat trick for New Jersey jesper bronze scored twice He leans the Devils in scoring 18 goals 30 assists 48 points Jack Hughes and Jonah segan taller with a goal and two assists to peace In the NBA at Madison Square Garden the next lost their fourth straight game 46 points from RJ Barrett just wasn't enough as they lose to Miami one 15 to 100 the next have now dropped 9 of their last 11 Tyler hero led the heat with 25 points coming off the bench Bam adebayo with 16 points and 16 rebounds and yes for Barrett those 46 points represents a career high a sloppy game for the next as they commit 18 turnovers and seeing their record fall to 25 and 35 the next host Philadelphia on Sunday the nets are at Milwaukee later tonight Local college basketball in the Mac I own a now raising their record to 23 and 5 with a 72 65 win over knishes victories for writer marist and Saint Peter's university and in the Ivy League it was prince and over Harvard 74 67 the tigers are now 20 and 5 Baseball players and owners took a first step toward salvaging opening day nearing agreement on Friday on an amateur draft lottery during lockout negotiations that included a surprise one on one meeting between commissioner rob Manfred and union head Tony Clark while an agreement on the draft was not.
Bloomberg Radio New York
"brad seeger" Discussed on Bloomberg Radio New York
"Super Bowl 56 lived up to its billing the Los Angeles Rams scored a touchdown with a minute 25 remaining in the fourth quarter to beat the Cincinnati Bengals 23 20 It's SoFi Stadium in Los Angeles There are only other Super Bowl title was when the rams were playing in St. Louis Americans are expected to spend nearly $24 billion on Valentine's Day this year Dina kodiak has more This would mark this second highest year of Valentine's Day spending following just behind the 27.4 billion spent in 2020 An annual report by the national retail federation estimates that shoppers will spend an average of just over 175 bucks per person on gifts The protests blocking a major U.S. Canadian bridge is being declared over wins around terrio mayor drew delkin said Sunday the demonstration on the ambassador bridge between his city and Detroit has come to an end Pam Mizuno with Windsor police service at a few remaining protesters could be arrested if they try to block roadways It comes after a week of protests over COVID-19 restrictions I'm Brad Seeger This is Bloomberg intelligence with Alex Steele and Paul Sweeney on Bloomberg radio All right thanks for joining us I'm Paul Sweeney Alex deal is out today but she'll be back next week All right I'm looking at my commodity screen here on the Bloomberg terminal I'm looking at spot gold It's been basically unchanged year today And I wonder what that means for the gold producers because I know we're talking about big time inflation here So let's bring in Bloomberg intelligence senior medals and mining analyst grant spore Grant thanks so much for joining us here How should we think about the gold producers here in what appears to be a steady inflationary environment Yes thank you Paul Well the irony of it is while many investors may turn to gold as a bit of a hedge against inflation But producers themselves are actually going to be seeing something of some significant cost inflation in these upcoming results We estimate something between 50 to a $100 an ounce increase in costs due to energy labor consumables freights Basically across the board that will hit their costs And that's going to see some contracting margins particularly in 2022 There's a lot of the lag costs come through and hit their cost basis Although the gold prices remain steady It will likely to see some margin contraction going forward into 2022 So a bit of a tougher environment for the gold producers themselves And this is something that I guess investors in the stocks are creditors to these companies They understand kind of the I guess the fragility of the margins in this business because it seems like your costs are pretty darn variable but your revenues kind of tied to wherever the commodity is right I think based as understand this very well But I must make the point that margins although they're going to be squeezed I actually still very very strong So they're still very very good because goals has stayed pretty robust But I guess those investors that are looking for a bit of a momentum in terms of earnings or EBITDA for that matter May struggle with that And you've got to look to those companies that have got something special that they can reduce their costs often it's recently mergers and they can take our costs on that basis Or they can indeed grow the top line through bringing on additional ounces Which we know is very hard to do in this industry where we have declining grades and resource depletion That's kind of where I wanted to go Talk to us about the resource availability of gold just kind of globally After many years of being very conservative on investments bringing on new mines and indeed M and a A lot of the bigger producers are finding that they resource basis are starting to I wouldn't say run out but they're getting a little bit shorter So they can either develop Greenfield projects and they have many of them on their books or they can start to look to acquiring resources and reserves in some of the juniors And we indeed we started to see some of that train come through at the end of last year with increased M and a And we think that momentum will continue through to 2022 And recently we saw the news from new Monday They're actually buying out some of the minority stakes in one of their projects in Peru Again to consolidate the resource base I'm guessing from what you're telling us that earnings out there on the street may be a little high as a risk there That is challenging I think everybody is aware that inflation is going to come through And many of the CEOs have sort of warned and given guidance as to what they expect inflation to be But in some of the very very early indicators that we've seen from some companies are releasing statements It looks as though we could see risks to the upside in terms of costs earnings may come in slightly at the lower end of expectations So yes I think there is some downside risk not for every company but some companies coming through in these upcoming results season Are there certain companies that you feel like are better positioned maybe some that might be more risk Maybe just because they're geography or the way they're manufacturing has set up What you're seeing is particularly in Australia The inflation has been quite high They've had additional constraints in terms of movement of labor So that has added to their cost base So I think some might disappoint a little bit in those regions There are some companies that have actually delivered very strongly on production And they've actually beaten their guidance That means that they're able to dilute their fixed cost base a little bit more than let's say others that have perhaps missed on the production So we've seen companies like Barrick and yamana gold do you actually quite well in terms of hitting their production guidance and targets Grant give us just the longer term demand model for gold How do you think about that Does it grow That's a very very interesting question I think demand for gold does grow Yes they're not consistently year over year But I think as the global let's call it asset base overall growth So your assets under management globally grow gold demand grows in line with that So it's not a particularly high demand if you want to look at it that way But certainly I think the demand does grow So I think it remains sticky going forward I don't see a sudden drop in the demand for gold Grant thanks so much for joining us grant spoor Bloomberg intelligence senior medals and mining analyst All right right now let's turn to the mortgage backed securities business This is a business I knew nothing about a market I knew nothing about until 2007 And then I think we all got real smart real fast on mortgage backed securities but we've got an expert with us Today Bloomberg intelligence senior MBS and fixed income analyst Erica adelberg joins us Erica in the MBS market talk to us about how you guys are thinking about rising interest rates We've got a Federal Reserve that's going to be hiking some rates here What does that mean for your mortgage backed securities business It's a very interesting time actually in mortgages and housing and mortgage backed securities because we're at an inflection point now where we're actually going to see rates rising and.
Bloomberg Radio New York
"brad seeger" Discussed on Bloomberg Radio New York
"White House has again warning about Russian propaganda efforts to justify an invasion of Ukraine press secretary Jen Psaki told reporters it's right out of the thick Russian playbook We've seen them run false flag operations in the past and used confusion to launch military action many times in history U.S. intelligence agencies believe Moscow may be plotting a stage attack against Russians to rationalize the military assault on neighboring Ukraine U.S. troops are in Eastern Europe as tensions grow between Russia and Ukraine President Biden deployed troops to Poland and Germany in response to the threat of a Russian incursion into Ukraine Their arrival comes amid reports rationale has enough troops tanks and military hardware poised along Ukraine's borders to launch a full scale invasion The coronavirus death toll in the U.S. is now over 900,000 That's according to Johns Hopkins University the number of cases stands at about 76 million However there's some good news on the vaccine front The CDC says 212 million Americans are fully vaccinated I'm Brad Seeger And I'm Susanna Palmer in the Bloomberg newsroom Morell is said to be very low at this point among New York City police We get more about that from Bloomberg's Denise Pellegrini Joe petrolo is the director of papa or police organization providing peer assistance and he says job pressures have multiplied for the NYPD New York one reports papa's staff of volunteers all of whom are current to a retired NYPD officers fields confidential calls for help from cups and petrillo says those calls have become more critical recently And the ranks are following according to the NYPD retirements have spiked and police benevolent association president pat lynch says morel is at an all time low Denise Pellegrini Bloomberg radio A new memo issued yesterday by Manhattan district attorney Alvin Bragg staked out clearer positions on guns in the city Bragg says most gun cases in the city will be prosecuted as felonies including instances where a gun or other weapon such as a knife is used to rob a business It's a walk back on policy cited in Bragg's day one memo He's been accused of being soft on crime According to a security is filing American Dream the struggling $5 billion super mall in New Jersey's Meadowlands saw sales decline in the crucial fourth quarter of last year compared with the third The story from Bloomberg's Charlie pellet The new mall which has suffered during the pandemic reported fourth quarter sales of $82.4 million down 7 tenths of 1% from a three months ending September 30th according to that filing Now for the year American Dream had sales of about $305 million or 15% of the $2 billion that are 2017 forecasts projected it would bring in during its first year of operations Charlie pellet Bloomberg radio Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and unless sin more than 120 countries I'm Susanna Palmer This is Bloomberg Broadcasting from the financial capital of the world.
Bloomberg Radio New York
"brad seeger" Discussed on Bloomberg Radio New York
"Seem through the eyes of experts gives you a better view So let's talk about the paying 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 happened Bloomberg radio dot com Business finance and the latest news evicting world markets powered by more than 2700 journalists and analysts And over a 120 countries this is Bloomberg radio Now a global news update Kentucky governor Andy beshear says the tornado death toll on the state could exceed 50 people Severe weather tore through western Kentucky late Friday night causing damage across several counties Governor beshear held a news conference early this morning and said loss of life is expected and that it's going to be the worst tornado damage we've seen in a long time Bashir said a single tornado ripped across Kentucky For over 200 miles and did extensive damage in the town of Mayfield which is near the Tennessee border Illinois governor JP pritzker is activating the state emergency operation center there after dozens of workers became trapped in an Amazon warehouse The warehouses roof partially collapsed after a tornado tour through edwardsville Friday night That's about 20 miles from St. Louis The state emergency operations center will monitor several area statewide dealing with the severe weather in Illinois tornadoes also barreled through Missouri and Arkansas I'm Brad Seeger This is Bloomberg Wall Street week with David Weston from Bloomberg radio This is Wall Street week I'm David Weston We're back with our real roundtable in New York with Larry summers of Harvard and Steve radner of Willard advisers So Steve let me turn to you as an investor on behalf of Mike Bloomberg One of the big stories not just the way this week but this year is the COVID virus Now we have the omo crown variant None of us I daresay our epidemiologists We can't know what's going on And by the way even if we were I don't know that we could predict what's happening with virus But as an investor what do you do about that Because it could well affect your investments Of course it has affected our investments And I would say in several decades of investing I've never been in a position where I had to analyze things like this that went way beyond the normal parameters you look at as an investor And so it is introduced a level of volatility in the markets It's introduced level of inefficiency in the markets You see stocks reacting in strange ways and not anticipating events the way the market is usually good at And so it has made life very very complicated Yeah an economist Larry one of the things that may well affect is the supply chain problem that you just mentioned in the last segment I think one of the big questions about any time we're talking pandemic is the way I like to say it is how does it affect the number of bartenders relative to the number of bar customers Because the thing about the pandemic is that it affects both demand and supply And so you know it's going to be bad for the level of output because there's going to be less demand and less supply But with less demand and less supply you don't know what it's going to mean for prices And that's one of the puzzles in a lot of the discussion Everybody said a year ago that year and a half ago that we needed all kinds of stimulus because of the pandemic coming Now there are many people who say the fed doesn't need to tighten because the pandemic is going to end And people are going to come back to work Those camp both are unlikely to both be proper logical propositions I think all Macron does introduce substantial uncertainty into the future and probably even more for emerging markets than for the United States and Europe It does certainly put an extra range of uncertainty And I also think that we shouldn't be so callous as to analyze it entirely through the prism of markets or the prism of GDP statistics even if we don't even if it doesn't have any effect on mobility and lock up policies and people are still flying planes are much more pervasive virus is going to have a set of human consequences It's fair point I know you'd agree with that state First and foremost a matter of personal health and safety But it does affect investments and does affect money as a practical matter You have investments around the world not just in the United States Are you seeing a divergence among the markets According to actually the COVID I mean right now we see very different approaches I mean China really locks down pretty quickly to try to protect themselves Europe parts of it now are starting to really shut things down Do you see divergence in investment based on that Not really They are pursuing different strategies but I'm not sure whether the COVID strategies are the biggest driver of economic differences I mean for example China is an enormous amount going on in China President G we don't have time to talk about it today But he's fundamentally changing the nature of China's approach to the market economy That is far more important than the fact that China has its own approach to COVID versus how England approaches it or have Austria approaches or this or that So Larry what about the approach of shutting down as opposed to vaccinating Two very different courses have different economic effects Yeah they do certainly while you're locking down I think what I have been struck by in general is that the policy seem to have more effect on the timing of the.
Bloomberg Radio New York
"brad seeger" Discussed on Bloomberg Radio New York
"Andy beshear says the tornado death toll in the state could exceed 50 people Severe weather tore through western Kentucky late Friday night causing damage across several counties Governor Bashir held a news conference early this morning and said loss of life is expected and that it's going to be the worst tornado damage we've seen in a long time Bashir said a single tornado ripped across Kentucky for over 200 miles and did extensive damage in the town of Mayfield which is near the Tennessee border Illinois governor JP pritzker is activating the state emergency operations center there after dozens of workers became trapped in an Amazon warehouse The warehouses roof partially collapsed after a tornado tour through edwardsville Friday night That's about 20 miles from St. Louis The state emergency operations center will monitor several area statewide dealing with the severe weather in Illinois tornadoes also barreled through Missouri and Arkansas I'm Brad Seeger And I'm Susanna Palmer in the Bloomberg newsroom facing a cold weather surge in COVID-19 infections Governor Cathy hogel announced yesterday that masks will be required in all indoor public places unless the businesses or venues implement a vaccine requirement Hogel said the decision to reinstitute a mask mandate was based on a rising number of cases and hospitalizations which has been especially pronounced in parts of upstate New York JPMorgan Chase and company is preparing to pay roughly $200 million to resolve U.S. regulatory investigations into lapses over monitoring employee communications We get more about that from Bloomberg's Denise Pellegrini We're hearing that this settlement with the commodity futures trading commission could be reached before the end of the.
Bloomberg Radio New York
"brad seeger" Discussed on Bloomberg Radio New York
"Is up about 5% from a year ago agriculture secretary Tom Bill sack says some of that comes from the disruptions in the economy I think when you first of all look at the reason why we're currently seeing some price increases Part of it is the fact that we are actually getting our economy back on track which obviously is good news He says commodity prices are higher this year and that should help farmers and ranchers The president and CEO of the national urban league calls the verdict in the Ahmad Arbery trial bittersweet Mark moriel said the case has proved the justice system can work after the three defendants in the case were found guilty of murder However he went on to say Arbery was murdered in cold blood and did not need to die Al Roker took a phone call during the Macy's Thanksgiving Day parade from President Biden who called in with an encouraging message he told Roker after two years your back and America is back The parade returned in full force after being scaled back last year I'm Brad Seeger And I'm Karen chase from the Bloomberg newsroom U.S. stock markets are dark for the day because it's Thanksgiving but markets will reopen for a half day tomorrow Overseas markets have been trading today and posted gains The footy in London closed up 24 points The cac in Paris rose 34 and the Dax in Germany gained 40 points Goldman Sachs is now forecasting that the fed will reign in stimulus and hike interest rates faster than previously thought More from Bloomberg's Denise Pellegrini Goldman economists led by Jan hazzi is now say they expect the fed to double the pace of tapering and withdraw $30 billion a month from its asset purchase program starting in January and then start raising interest rates in June with more rate hikes soon after that in September and December followed by two more in 2023 and Goldman says the fed could wrap up its asset purchase program in March and push the first rate hike even earlier meaning according to them we could see that in May Denise Pellegrini Bloomberg radio Oil has remained steady with U.S. traders on holiday after OPEC said a planned coordinated release of oil reserves may swell a crude surplus expected early next year Futures in New York traded near $78 a barrel and volumes were thin on Thanksgiving The projection was made by the producer group's advisory body the economic commission board ahead of a meeting between OPEC and its allies next week Some of the groups delegates warned this week that releasing strategic reserves may lead to the group holding back crude supply in January You may not want to do this but health experts recommend anyone hosting a Thanksgiving dinner a point of vaccine bouncer a family member or friend who checks and confirms vaccination status And keep the windows open 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 I'm Karen chase And this is Bloomberg Broadcasting live from the Bloomberg interactive brokers studio in New York Bloomberg 11 To Washington D.C. Bloomberg 99 one to Boston Bloomberg one O 6 one This entrances go Bloomberg 9 60 to.
Bloomberg Radio New York
"brad seeger" Discussed on Bloomberg Radio New York
"Bloomberg radio Now a global news update The president and CEO of the national urban league says his sympathies are with the family of ahmaud Arbery Mark muriel said Thanksgiving Day is a time for families to be together in the Arbery family was robbed of that experience More real says Arbery was murdered in cold blood by vigilantes in Georgia The whole thing reeked of old fashioned racism However we see in this case that the justice system can work The three defendants in the case were convicted of murdering Arbery and a Brunswick Georgia courtroom earlier this week A special meeting is taking place tomorrow to address a new coronavirus variant the World Health Organization called the meeting to discuss what it means for vaccines and treatments of the virus scientists say the variant first detected in South Africa has at least 30 mutations to the spike protein which is the part of the virus that binds to the body's cells The prime ministers of Japan and Vietnam agree to enhance security cooperation amidst concerns over the South China Sea Phoebe amarosa reports the pair met in Tokyo earlier this week The two prime ministers did not mention China explicitly but their message was clearly a reference to Beijing They strongly oppose militarization and unilateral action to change the status quo in the South China Sea The talks come after two defense agreements on Tuesday that will see the two countries cooperate in the fields of cybersecurity and military medicine both countries have territorial disputes with China and have described one another as important partners in building peace and stability in the region Take you On this Thanksgiving Day President Biden is thinking of service members and those we've lost this year due to the pandemic in a video posted to Twitter the president and First Lady Joe Biden which Americans a Happy Thanksgiving And San Francisco officials have declared a water shortage emergency Officials made the request for residents to voluntarily reduce water use by 10% that would apply to over two and a half million customers I'm Brad Siegel A top Southern California port official says docs are seeing significant progress with the supply chain backlog executive director of the port of Long Beach Maria kadero told CNBC the twin ports of Long Beach in Los Angeles are working around the clock to offload containers The amount of lingering containers has been reduced by 33% since the announcement of new fees on October 5th The search for clues in an unsolved plane hijacking in the Pacific Northwest continues 50 years later Reports November 24th marks the 50th anniversary of the D. B. Cooper skyjacking in November of 1971 a passenger whose ticket was booked under the name of Dan Cooper boarded a northwest airlines flight in Portland bound for Seattle During the flight Cooper told a flight attendant he had a bomb and demanded $200,000 and parachutes Once the plane reached Seattle Tacoma airport when Cooper's demands were met he instructed the crew to fly him to Mexico but parachuted out of the plane with the ransom money and vanished Former NFL player Zack Stacy will remain free on bond as he awaits trial in his domestic violence case in Florida Rick hoschel reports The former rams and jets player is accused of attacking his former girlfriend in front of their 5 month old son in a home near Orlando Stacey was released on bond following his arrest but he was back in Orange County court Prosecutors argued he's dangerous and violent and should be placed on house arrest the judge ruled not to change Stacy's bond amount but ordered him to stay out of Florida except for court hearings Stacy is living with relatives in Alabama A new study is finding sleep training prevents depression in older adults Older adults that undergo cognitive behavioral sleep training see in 83% reduction in the likelihood of developing insomnia the study was published Wednesday in the journal jama psychiatry If you want a specific Christmas tree farmers and sellers recommend you don't wait until December to get it this year highly desirable trees such as Douglas and Fraser furs may not be available due to wildfires and droughts I'm Brad Seeger And I'm Karen chase from the Bloomberg newsroom U.S. stock markets are closed today for the Thanksgiving Day holiday but markets will reopen tomorrow for a half day of trading Overseas markets have been active the footsie in London closed up 24 points the cac in Paris gained 34 and the Dax in Germany added 40 Stocks were volatile in the U.S. yesterday after positive job market and personal spending numbers were countered by cautious words from the fed In the minutes from their last meeting fed officials stressed the need to be flexible in the timing of their tapering of economic booster programs U.S. stock futures for tomorrow are higher Pfizer is accusing an employee of stealing its COVID vaccine secrets and sharing them with competitors Bloomberg's Ed Baxter has the details Pfizer alleges as soon to be former employees stole thousands of files including trade secrets related to its COVID-19 vaccine Pfizer is seeking a temporary restraining order that would keep sherry Lee from using disclosing or sharing any information she possesses It also charges she provided a decoy laptop when confronted about the downloads Pfizer says it takes this very seriously saying privacy is essential to innovation In San Francisco I'm at Baxter Bloomberg radio The European Union's drugs regulator this week backed expanded use of the Pfizer COVID vaccine for younger school aged children saying its benefits clearly outweigh its risks A European medicines agency committee recommended extending use of the vaccine for children from 5 to 11 years old Health officials in South Africa are keeping a close watt on a new variant of the coronavirus that can morph into many other variants Currently only about a hundred people have contracted it so far but it mutated into several other forms when it struck immunocompromised people who suffered chronic cases over long periods of time 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 I'm Karen chase And this is Bloomberg Thank you so much for joining us for this holiday edition of Bloomberg daybreak.