18 Burst results for "Brian Chuck"
"brian chuck" Discussed on Bloomberg Radio New York
"Style assault weapons is headed to the Senate after passage by the House. New York Democrat Jerry Nadler called assault weapons, the weapons of choice in deadly mass shootings. He said there's no place for them on the streets of America. Kentucky's governor says the deadly flooding that hit the Commonwealth impacted the youngest residents. I have received notice that located the bodies of those four children. Mentioned in the Herald leader story today, and I know we'll be contacting their parents. It means we've got at least 6 dead children. Andy beshear also noted some people remain unaccounted for, however, he promised to put every effort into finding them. Wall Street is posting its best month of 2022 stocks climbed for a third straight session on strong tech earnings as investors shrugged off inflation worries gains from Apple and Amazon helped lift markets. The Dow gained 315 points. I'm Brian chuck. And I'm Charlie pellet. At Bloomberg world headquarters stocks came roaring back with the best month for the S&P 500 Index since 2020. For the week, the S&P 500 Index was up by 4.3% after solid earnings from tech mega caps, beat occur as co head of investment strategies that Bernstein private wealth management. We have to remember that the market already priced in a lot of damage. And I think that's what keeps individual investors going. Really thinking about, what is the equity market look like from here? Bernstein saw another up week for the S&P 500 Index to in a row, Matt Peron is managing director at Janice Henderson. You know, we look at it as somewhat of a relief rally. We wouldn't necessarily call it a dead cat balance. We think that the market will eventually find its footing. But this recent bounce is probably because, hey, earnings weren't as bad as feared, right? We've been focused on inflation numbers on the multiple. And now we got to focus on earnings. People thought this would be the earnings season where we managed to have to cut and slash even their earnings estimates. And that hasn't been the case. Matt Peron of janus Anderson. Apple rallied today after earnings, Dan Ives as an analyst with Wedbush securities. Look, I think China was the shocker down only 1% given the shutdowns. I mean, that was really surprising to the street. And I think it just shows the demand story holding up really globally. Dan Ives of Wedbush Apple today up 3.3% the tech stand out by far though, Amazon.com up 10.4%. S&P up 57 a gain of 1.4% that up 315 up 1% has stack up 228 up 1.9%. 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 Charlie palette. This is Bloomberg. You're listening to balance and power with David Westin on Bloomberg radio. Still to come this hour, I talked to senator John ossoff about inflation and the Democrats surprise energy and tax deal and to Michigan senator Gary Peters on the Secret Service investigation into missing texts related to the January 6th capitol attack. But first, prison Joe Biden ended his isolation this week after testing negative for COVID-19. In a speech from the rose garden, the president said there's an upswing in COVID infections due to the new BA 5 variant and urged Americans to get up to date on their booster shots. The reality is that BA 5 means many of us are still going to get COVID, even if we take the precautions. That doesn't mean we were doing anything wrong. Unfortunately, this COVID is still with us. For more on the BA 5 variant and what precautions we can take, I talked to Dr. Laura foreman, chief of emergency medicine at Kent hospital. It is really preventable. You just have to be incredibly careful and incredibly diligent in that care. You know, wearing a mask is very, very effective in preventing this and being careful in terms of who you're around and distancing when you need to is also incredibly helpful as well. So there's some new evidence out that shows that people are getting second infections of people, patients who are getting third, fourth infections now. There was a research study that was recently published that showed that with recurrent infections, you run a much higher risk of having some long COVID issues in terms of heart damage and lung damage done. You know, we have this perception in society that you get COVID multiple times and you're probably going to have a milder infection every time you go around that it will be like the flu or chickenpox, but unfortunately it's really not so, so here in the ER, we're seeing people with more severe infections, sometimes with the recurrent infection. So yes, it's still out there. The assets, we definitely seeing an uptick in cases, but it is really preventable. Are your cases there in the ER at Kent? Are they going up? We're seeing an uptick in mild to moderate cases. We've had some severe cases. Thankfully, the death rates are not going up at the same rate. That having been said, you know, it's still a pretty significant death rate. You know, we've kind of gotten used to these death counts. But it's still unacceptably high for such a transmissible disease. But the good news is there's something you can do about it. You can wear a mask, protect yourself and protect other people. Why don't we require every right wear masks point? Is it politics or is it medicine? It's definitely not medicine. You know, we're requiring everybody in the staff patients visitors and staff everybody in the hospital rather to be wearing a mask right now. You know, it's annoying to have to wear one, but I've got to save all the things we do to protect our health. It's way easier than going on a diet and exercising. So it's certainly not medicine. Medicine is a big believers in the mask. It's most of us safe as long as we're wearing it properly throughout this. So I do think it's, you know, I don't know if it's politics. I am hearing a lot of people say that they're over the pandemic. Which, you know, believe me, I'm over it too. I love it, to be honest, as much as anybody else, but it's kind of like saying, you know, I'm over the panic of pandemic and I'm not going to wear a mask is a little bit white saying I'm over The Rain. And so I'm going to go outside without an umbrella and expect not to get wet. The pandemic's not over at us. It's still got a ways to go
"brian chuck" Discussed on Bloomberg Radio New York
"To support President Biden for a second term Natalie migliori has more AOC isn't the only one Ron she's been committed The guy came put a sentence together We need change That's for sure Just anybody else at this point Speaking on CNN Ocasio-Cortez said she's focused on the falls midterm elections adding the president has a vision that she's willing to entertain and examine when the time comes Her comments come as The New York Times reports Democrats are eyeing the president's lagging poll numbers along with Americans concerns over inflation and rising gas prices I'm Natalie mcglory The national hurricane center is looking at the possibility of some tropical development this week but it's not expected to impact Florida The disturbance is currently off the coast of Central America and has a 30% chance of development over the next 5 days The outlook says the system is expected to drift northwest off the coasts of Nicaragua and Honduras A woman in India was killed by an elephant only to have the animals show up at her funeral to attack her corpse Michael kasner explains the 70 year old woman was killed by the elephant Thursday while collecting water from a well in her village Police say her family was performing last rites at her funeral pyre last night when the same elephant suddenly showed up trampled the body and threw it into the air before fleeing I'm Michael kassner The mystery machine from Scooby-Doo is being advertised on Airbnb and Shaggy himself is hosting in honor of the live action Scooby-Doo films 20th anniversary actor Matthew Lillard who played Shaggy is hosting overnight stays inside the iconic van The mean green mystery machine will be on the coast of Southern California and decked out with early 2000s decor all you can eat snacks plenty of games and a TV I'm Brian chuck And I'm Brian Curtis in Hong Kong Let's check this out with his top business stories and the markets US Treasury yields have posted their biggest two day jump in decades The action is roiling assets around the world in one of the strongest signs yet that the era of easy money is coming to an end It's all part of the fallout from the hot inflation reading that we got on Friday Asian equities are trading lower earlier U.S. stocks sold off and are now down more than 20% from their highs thus in a bear market Volatility surging and stocks tanking after The Wall Street Journal and later Bloomberg said that the fed was considering a 75 basis point hike this week JPMorgan and Jeffries and Barclays also all see a 75 basis point hike this week And that has traders worried about recession Morgan Stanley's CEO James Gorman says the odds of a long recession though may be lower than you think We're unlikely at this stage to go into a deeper long recession It's possible we go into recession obviously Probably 50 50 odds now but that's okay Gorman says he's more focused on non financial perils such as the possibility of cyberattacks due to geopolitical tensions In earnings news Oracle had very strong results and gave it better than expected forecast It suggests the effort to move its customers to the cloud is gaining momentum Also its acquisition of healthcare records providers Cerner will help accelerate growth in the stock gained 14% in after hours All right let's check the markets in the Asia Pacific We do so every 15 minutes on Bloomberg the Hans index is down 1.4% the nikkei down 2.2% the yield on the two year is at 3.39% and that's higher than the yield on the tenure at 3.37% Global news 24 hours a day live in a Bloomberg quick take and were brought to you by 2700 journalists around the world In Hong Kong I Brian Curtis this is Bloomberg This is Bloomberg law A divided Supreme Court rejects a religious challenge Tell us a little about the facts of the case Interviews with prominent attorneys in Bloomberg legal experts My guest is former federal prosecutor Jimmy Carole joining me as Bloomberg law reporter Jordan Rubin And analysis of important legal issues cases in headlines The Supreme Court takes on state secrets multiple lawsuits were filed against the emergency rule Is this lawsuit for real Bloomberg law with June Grasso from Bloomberg radio Welcome to the Bloomberg law show I'm June Grasso a head in this hour holding law enforcement accountable The Supreme Court has raised the barrier to sue law enforcement part of a continuing trend but a group of Olympic gymnasts and other women are trying to hold the FBI accountable with a $1 billion lawsuit The.
"brian chuck" Discussed on Bloomberg Radio New York
"I'm Brian chuck And I'm Charlie pellet at Bloomberg world headquarters The S&P 500 Index had its best week since November of 2020 up 6.6% on breaking a 7 week losing streak Meghan's fiber is director of U.S. rates strategy at Bank of America's securities And over the past few weeks we get when we've seen the market refocus a bit here on those downside risks coming out of the earnings releases that we've been hearing which gives us some guidance to basically say here that with the market pricing a path that seems pretty consistent with what the fed has in mind Peaking perhaps at around three and a half percent or so the cycle that's doing its job and tightening financial conditions Megan swiper of Bank of America securities has for the economic backdrop Jo Anne Feeney is a partner at advisers capital management The data suggests the economy is still an expansion We're not net imported of energy so that doesn't hurt our economy as much as it does Europe And what we're seeing is firms still trying to catch up to the really strong demand that remains out there Joanne fini of advisers capital and today new data on consumer spending as we hear from Bloomberg's Vinny del giudice Commerce department data in April household spending adjusted for this year's inflation run up posted the largest increase in three months There's evidence Americans are dipping in the household savings to make up Verizon costs based on a decline in April savings rate separate data from the Federal Reserve is suggested Americans are relying more and more on credit to pay the bills as inflation persists If any doubts you dice Bloomberg radio So for the week the S&P 500 Index was up 6.6% Today the S&P rally the hundred points up two and a half percent the Dow up 575 up 1.8% as stack up 390 up 3.3% Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and Alice in more than 120 countries I'm Charlie palette This is Bloomberg This is balance and power with David Weston The state of American energy is strong Our nation has the resources and the expertise to meet our energy needs Eventually we'll end up with a vaccine that will be able to do better against multiple variants Where the world of politics meets the world of business The fed has to raise rates And by the way that's a good thing The cause of inflation has been this historic pandemic which is upended life in so many different ways in particularly his upended America's supply chains Balance of power with David Westin on Bloomberg radio Coming up this hour what has changed since the death of George Floyd two years ago I ask NAACP president Derek Johnson and.
"brian chuck" Discussed on Bloomberg Radio New York
"Brian chuck This is the Bloomberg business of sports show where we explore the big money issues in the world of sports I'm Michael Barr along with Damien Sasha let's continue our conversation now with the former chairman of the board and CEO of TD ameritrade Joe moglia who is also a former head football coach at coastal Carolina university which brings me to a story I must ask about involving my man in Damien Sue former Detroit Lions player I love that guy And this was at the time you were advising about them The number one overall pick at the time when he was on creating a budget for his rookie contract This was way back in 2010 Please lay some knowledge on us What happened Well I spent two years at Nebraska when I decided I wanted to go back to football and Tom Osborne was good enough to have you spend some time with both the leading and Bo when I hit it off And he offered me that opportunity for you to have So for two years my title was if you actually have advisers that had football coach but I was there full time with the staff And the guys don't know the plays what my role had I just stepped down as CEO and I was strongly chairman And they don't get too much of that in the football locker room where on campus And they were aware of that And the damaging of course was having an incredible year And he knew he was going to be a top pick and he knew that the money was going to be significant And he had spent some time talking to me about everybody wants a piece of him but there's going to be time when he really might need a little guidance and could he count on me for that And then secondly and here's where I thought he was very very thoughtful and insightful He said there are too many players in the NFL or NBA for that matter that after they've left the league they don't have any of the money left And I really want to make sure I'm doing a good job of saving and investing my money So whenever I step down whether it's 5 years or ten years or 15 years whenever it is whenever I step down I really does a good job of investing my money So I have enough to live on so I worry about it in the lifestyle that I wanted for me and my family et cetera So I shared to be glad to help with that And we talked about how taxes affect things And we talked about different things and different things that you think about But then I also talked about how critical it is People really most times don't really know what they're doing with their money And I don't care if you have a lot of money or why don't you have to have a little bit of money I think the budget is a very very wise thing to have At the very very least you recognize where you're spending money In certain cases you may need it to limit yourself to spending a certain areas In other areas you're not necessarily but you at least know where the money is being spent I told them about the kind I wanted to put together a budget But he had to come down to my office which is travel the hour and shows up at the office of wearing a suit and I was pleased with that And he showed me his budget But it was like $60,000 I thought that was pretty good I said but the money you're going to be making is going to make an astronomical amount of money Maybe that's half of it at the taxes that we're going to have But with the people that you're going to be involved with and people are going to be traveling with and your buddies and your peers within the link the lifestyle is going to be very very different from that So you really need to think more thoughtfully about how you really would live two years from now three years from now and you might want to do the budget So he came back about a month later Again in the budget I think it was around $220,000 I don't really exactly what it was But he and I have stayed friends and we have done a lot of things together And some of the businesses that I'm involved with I have introduced them to all those guys And he's very very thoughtful guy And he's a smart guy He's an engineer by traders in the real estate business in terms of construction but with regard to his family So we have contacts over the years And Joe I'd like to ask you a little bit about the trend in sports gambling $87 billion $87 billion in legalized sports gambling expected in the year 2022 here in the United States That is a big number What's your thoughts on it How do you think that's impacting college sports How do you think that's impacting all that we've been talking about with NIL and player rights and what have you I mean do you think it's a good thing or do you think this is a real risk going forward All right so I think again I remember when we talked about the NIL initially I said as a business guy I can see the money and I can see why that money needs to be better distributed Okay so with regards to gambling the common sense part of me says people going to gamble whether it's legal or not Is it going to gamble So if I'm running a state you know I would rather get my taxes I would rather I can significantly help increase my own balance sheet in my budget by having that well that tech So I would rather I think it's wiser to have all that legalized than not Period Because you're going to happen anyway So you may as well legalize it And then you have again then you're going to have some structure around it Number one number two and so we've got to be in a yellow impact and have on players So people are betting on games now So if somebody wants to buy a player to cheat buy a player to not give it a very very best in the game He does it in the past he's supposed to he throws the ball he's not quite on target that particular day Whatever it might be fumbles is running whatever it might be Well that's how.
"brian chuck" Discussed on Bloomberg Radio New York
"A global news update Florida's governor has signed a bill stripping Disney World of its special status I don't think Walt would appreciate what's going on in this company right now The move was in response to Disney's vow to help repeal the state's parental rights in education law which critics are calling the don't say gay Bill President Biden is talking about his plans to reduce the costs of prescription drugs speaking at green river college in auburn Washington the president announced he wants Congress to limit the price of insulin to $35 a month which is three times what it costs to make the drug Biden also wants to limit what seniors pay for prescription drugs The U.S. is still sending defense support to Ukraine That's the word from Pentagon press secretary John Kirby who noted defense secretary Lloyd Austin is hoping to establish a long-term solution with other world powers to help fund Ukraine's war with Russia Kirby noted that it's unclear how long the conflict between both countries will go on I'm Brian chuck I'm Barry rid holtz you're listening to masters and business on Bloomberg radio my extra special guest this week is Mark Jenkins He is the head of global credit at Carlisle group a publicly traded $300 billion farm That's $300 billion in assets under management So let's talk about Carlisle in general You guys have been on a torrid asset raising pace You've been breaking categories As has private.
"brian chuck" Discussed on Bloomberg Radio New York
"I'm Brian chuck This is Bloomberg best on Bloomberg radio This is Bloomberg best I'm Ed Baxter And I'm Denise Pellegrini Denise BP is one of the world's largest oil and natural gas producers And the CEO of BP he actually grew up on a farm in Ireland And the Bernard Looney was the first person in his family to go to a university And he joined BP as an engineer just about three decades ago And loony took over as CEO just weeks before the pandemic and has pushed for the company to be a change agent in the fight against global warming And he spoke with francine lacqua on leaders with Blackwell And loony stars here describing what it was like to be as francine calls it a pandemic executive It has of course I think I started on the 5th of February 2020 and I think it was about 5 weeks later that we were shutting our offices expecting to be coming back in a few weeks And of course that didn't happen And we've all been working remotely and virtually as you have over that time period It has been a challenge but it's no less of a challenge for me that has been for everyone in the world Everyone has had to endure just some enormous challenges haven't they I know but you've had a huge restructuring We have and we laid out I think on the 12th of the 14th of February or the 12th of February 7 days later we actually did get the opportunity to lay out our new ambition for the company to become net zero by 2050 We laid out a new purpose and then about 6 months later we laid out a new strategy And then the following year 2021 we went about restructuring the company so that we could deliver on that new strategy And that's the largest restructuring that the company's done And we're a 112 years old So all of that was done by my fabulous organization and team It was all done virtually It was all done remotely It was very difficult To make it easier doing it remotely It would actually make it worse No I mean we had a real choice francine as to whether we would stop in the midst of the pandemic because at a very human level people were already dealing with A lot And children at home aging parents a lot of issues that were normal life events that were suddenly becoming amplified We were sort of throwing in a restructuring which was causing a lot of uncertainty in people's lives And we had to decide whether to stop or actually progress with that And we decided to progress And the one thing I can say is looking back that I'm glad we did push forward in the midst and the reason I say that is because if we hadn't done that I'd be sitting here today with all of that ahead of us And instead it's behind us So it was hard It was difficult on people but I think it's better to try and get the uncertainty out of the way as quickly as possible So I'm glad we pressed on But is that because you were a YouTube executive and so it's better to do things that you're planning on doing straight away or is it just because time is of the essence for the climate crisis Well I think time is of the essence for a company like ours to make its transformation We've been an international oil company for a 112 years We want to transform ourselves into an integrated energy company It's what society wants and needs It's what our staff and employees want and need and ultimately we will prove that it's what our shareholders need So we needed to crack on We needed to press on There is an emergency happening around us and in many ways we can't wait and that's why we decided to do it And I feel it was the right decision What do you say to the cynics that say look it's all nice and fine but a lot of it is greenwashing and you're not a good company You're just a less toxic company than some of the other oil majors You know I'm a big believer in we need to put ourselves in other persons shoes in life in general And we have an enormous challenge as society which is to provide the world with reliable affordable and clean energy That's what society wants That's what society needs And I believe in my heart that a company like BP is actually one of the few companies in the world who can actually make that happen We can talk about the things that we're going to grow and over the coming years And I find it hugely exciting and energizing for our organization But that's what the world needs And you simply can't go against the grain of society You can't defy gravity And that's why we're making the change that we're making The young kids would have said well we need this but we maybe should have started 5 years ago Well you know I was always told in my career you got to pay the ball where it lies We can look back and be more history But I'm in the world of we see where we are We know what we have to do We need to give society what it wants And for our company it's an enormous opportunity People think about the energy transition must be a threat to a company like BP I don't think like that I think it's an enormous opportunity We're going to go into EV charging We're going to go into biofuels We're going to go into hydrogen These are things that we can help solve and instead of thinking of it as a risk or a threat where you crouch down in a defensive position and you see darkness It's actually a massive opportunity for us But it's also tough You probably have the toughest job of any business It's a challenge but equally we have this mantra inside the company which says we have got to perform while we transform It sounds like a broken record for coming from me but we are performing long transforming And our job is to give shareholders a good return on their investment today But you are Which we are doing Why not the same time step by step day by day transition and transform this company to be the company of the future which can be how much tension is there The more you keep shareholders happy And so the more you give back the more they maybe don't want you to transition Shareholders want us ultimately.
"brian chuck" Discussed on Bloomberg Radio New York
"Yet connected I'm Brian chuck This is Bloomberg business and sports with Michael Barnes scarlet fu and Mike lynch from Bloomberg radio Thanks for joining us on the Bloomberg business of sports show where we explore the big money issues in the world of sports I'm Scarlett foo And I'm Mike lynch And Michael Barr's off today but he will be back next week we're going to continue our conversation now with biggie's commissioner and basketball Hall of Famer Val Ackerman Lynch you take it away Failed the big east is a unique league and it has a rich and storied history And being a new coast Boston guy I go all the way back to Dave Gavin who started this thing You don't have football Unlike other conferences as a major revenue generator Do you have any plans at all to expand from the more than 11 schools and universities you have in your league right now Yes Well we're at 11 right now As you noted do not have football That is absolutely not in the cards To bring football back in the big east We have actually four schools that play football three at the FCS level Yukon is playing right now is independent at the FBS level But in terms of the biggie sponsoring football I'm comfortable saying I don't see that at all Sponsor 22 sports and basketball remains now the lead In terms of member composition I don't know at this point I mean as you all may have been following there was been a wave of realignment that was triggered by the Texas Oklahoma announcement last summer to move to the SEC from the big 12 That's set in motion some reshuffling around D one Right now we're sort of standing pat 11 has been good You kind of spend a great addition welcoming them back Helps us with basketball schedule Everybody plays each other once home and once away So at this point I think we're in a very good position We're very stable which is a far cry from where the big east was 15 years ago when most of the schools were leaving because of football So no plans right now to sort of get beyond 11 but we're closely monitoring the landscape and who knows I mean time will tell whether we do it or not and it'll be based if it happens on a variety of factors Now you're doing something really important The biggie's partnership with the black 5s as part of black history month Can you walk us through the partnership and tell us what it's all about Yeah sure So we're right now in the midst of a conference wide promotion with the black 5 foundation which was established by a sports executive named Claude Johnson who formally worked at the NBA and his foundation has now become a full-time job for him devoted to telling the story of the traveling teams of basketball players black basketball players that were carrying carrying the sport if you will before the NBA was integrated believe in 1950 Not unlike what we saw with the Negro leagues in baseball these teams were traveling the country playing in hotels Jim just sort of anywhere where they could get a game And really have set the stage for the participation of black players in the USA on both the men's and the women's side So we were kind of no Claude heard more about his work And since many of these early teens played in biggie city it just seemed natural for us to take advantage of the opportunity to help Claude tell the stories here and to line up these teams through promotions during the basketball season at selected big each game So that's what we've done We've had 22 games that have gone on which have been black 5 schemes where the participating teams are all representing a team that played in the black 5 leagues Claude has made appearances at a variety of games it's really not only has it been an opportunity for us to promote this really untold story in the game of basketball but it's also been a very powerful educational opportunity For our student athletes many of them have just been engrossed in the stories of these teams and some of the players we've had descendants of some of the players come to our game So it's been by our lights very successful collaboration We're very grateful to Claude and the foundation for allowing us to tell the stories here through biggie's basketball I want to ask well first of all congratulations on your induction into the Hall of Fame That was in September of 2021 You graduated from UVA you went on to get your law degree And you worked as a lawyer at a big law firm Simpson batra and Bartlett and then you moved on to the NBA as a staff attorney For young women out there who want to join the ranks of sports management and enter the business of sports How do you do that Without being an athlete first or a lawyer first Is there a path for that Or do you need to go through being a player getting your law degree working at a big firm then joining the league from the ground up Yeah no well the answer is Scarlett And first of all no need to be an athlete to work in sports I mean that.
"brian chuck" Discussed on Bloomberg Radio New York
"Of Ukraine could have economic consequences in the U.S. in the form of even higher energy prices So said White House press secretary Jen Psaki Psaki echoed earlier remarks by President Biden and called it a candid warning to the American people In his view it's fending democracy and liberty is never without cost But we need to convey to the American people exactly what that could look like Sake again warned of swift and harsh economic consequences against Moscow if an invasion is launched the CDC is planning to update its mass guidance soon NBC News reports that according to several people familiar with the matter They noted the update could come as soon as next week The calendar may say February but mother nature appears to have some severe thunderstorms on tap for parts of the south parts of Oklahoma Texas Arkansas Louisiana Mississippi Alabama Tennessee Missouri Illinois and Kentucky could see wild weather in the coming days I'm Brian chuck And I'm Brian Curtis in Los Angeles Let's check this hour to stop business stories and the markets China's inflation eased in January but factory gate prices are still elevated The PPI rose 9.1% from a year earlier that was weaker than the estimate of 9.5% and it was down from December's reading The good news for policymakers is that it gives them more room to cut interest rates China shifted to a pro growth bias late last year after the economy was hit by virus outbreaks and a slump in the property market Consumer prices grew 0.9% last month from a year earlier and that was slower than the projected 1% increase Meantime inflation in the United States continues to fuel speculation that the fed will be raising interest rates at a more aggressive pace The U.S. producer price index jumped in January by more than forecast Companies had to contend with supply chain issues as well as labor constraints In corporate news Airbnb beat on revenue and profit in the fourth quarter Remote work policies and vacation demand helped lift bookings The sheriffs jumped in extended trading Earnings per share were 8 cents compared with estimates for three cents And Marriott International reported earnings that beat expectations demand for leisure travel powered the hotel recovery All right let's get a check of markets in the Asia Pacific the nikkei is up 2.1% 562 points higher the ASX 200 up 8 tenths of 1% the hanxing and decks at 1.2% and in Seoul the Cosby is up 1.6% A dollar is steady dollar yen one 1570 And the yield on the ten year treasury 2.03%.
"brian chuck" Discussed on Bloomberg Radio New York
"Reviewing his list of Supreme Court nominations on Thursday press secretary Jen Psaki said Biden is making it a priority and noted that the president has vowed to pick the first black woman to the high court The president hopes to nominate a successor to retiring justice Stephen breyer by the end of February Moderna is saying it's new Specific COVID-19 vaccine booster won't be ready this summer According to the company's chief medical officer it's planning to seek authorization from the FDA this summer Former vice president Mike Pence is blaming the Biden administration for the staggering inflation across the country on Fox News Pence said Americans everywhere are feeling the sticker shock of Biden policies It's the result of the policies of the Biden Harris administration We had achieved energy independence for the first time in 70 years by unleashing American energy as never before I'm Brian chuck And I'm Brian Curtis in Los Angeles Let's check this hour's top business stories and the markets Asian stocks are mixed China's CSI 300 has extended losses though Chinese mutual funds state media and companies are intensifying their efforts to support the market The mainland market has seen $1.2 trillion wiped off the books It's a sell off that has the CSI 300 into a bear market At least ten mutual funds have committed to buying in and will have more on markets shortly In earnings Apple rallied more than 4% in late trading the company announced record quarterly revenue that beat estimates profit also beat projections And SK Hynix also posted profit above estimates it agreed with Samsung that supply chain issues are improving SK Hynix stock rallied more than 6% in soul On the regulatory front Chinese regulators granted approval for Advanced Micro Devices to buy silence That clears the way for one of the largest deals in the global semiconductor industry Meantime the United States has ejected China Unicom from the U.S. market The Federal Communications Commission has voted unanimously on making this decision It follows an action last year to bar China Telecom China Unicom said it has been following U.S. law and it said it would proactively protect the rights and interests of the company and its customers The FCC said China Unicom must discontinue service in the U.S. within 60 days of the order's release Let's check the markets The Hank sing index is down three quarters of 1% And the CSI 300 is now flat for the session while the nikkei has rallied 2.1% Global news 24 hours a day live and on Bloomberg quick take Brought to you by 2700 journalists and analysts in a 120 countries In Los Angeles I'm Brian Curtis This is Bloomberg This is Bloomberg law with June grotto from Bloomberg radio Justice Stephen breyer is stepping down from the bench after 28 years on the high court at The White House today president Joe Biden thanked briar for his decades on the Supreme Court Everyone knows that Steven Barr has been an exemplary of justice Fair to the parties before him courteous to his colleagues careful and his reasoning He's written landmark opinions on topics ranging from reproductive rights to healthcare to voting rights to patent law to laws protecting our environment and the laws that protect our religious practices Joining me is constitutional law professor Stephen vladeck of the University of Texas law school Justice breyer has been adamant in the past that justices are not political Once they take their oath they quote are loyal to the rule of law not the political party that helps secure their appointment But doesn't his retirement now Before the end of the term giving the democratic president plenty of time to get another justice confirmed before possible change in power in the Senate Is it breyer's acknowledgment that politics and the court are intertwined Yes I mean I think the question is whether you can somehow walk a tightrope between its knowledge and I think everyone has to that the confirmation process is political that political actors in the form of the president and the Senate are making political decisions about who to nominate about timing while still believing that once the process is oak once the justices confirmed and takes the oath and joins the bench that what they're doing is somehow divorced from politics And I think justice breyer may be the last of his kind in trying to argue forcefully that yes that's a line that can be preserved That we can have a political if not partisan confirmation process and still be judges doing judicial power as opposed to political power Once we've done our robes I think the question is how many folks still believe that There are a lot of textualists on the court now breyer was more of a pragmatist Tell us about his approach to the constitution And I'm sure part of this was a reflection of his experience versus a long time Senate staffer as an administrative law guru as a professor and then June as you know as a lower court judge he really thought that when it comes to the structure of government the best way to think about how the branches relate to each other is a more functionalist approach where the branches are not hermetically sealed from each other where there's power sharing where the checks and balances are both formal and informal And I think the informal part is what often gets missed in contemporary discourse but breyer knew of what he spoke He was part of it when he was working for the judiciary committee when he was involved in the administrative conference of the United States And so I think his approach to judge him was the notion that it is not forbidden and is not as thin to look at the constitution to look at statues to look at circumstances where judges are allowed to exercise a modicum of independent judgment and ask what actually makes the most sense what would be the most administrable What would be the most efficient And that kind of functionalist pragmatism used to be a lot more common on the court and.
"brian chuck" Discussed on Bloomberg Radio New York
"I'm Brian chuck And I'm Doug Chris Bloomberg world headquarters in New York Let's check this hour's top business stories on the markets talks are underway between the U.S. and China over Beijing's new aircraft cleaning requirements Sources telling us China's new sanitation mandates significantly extend the time planes are on the ground and they largely copy steps that U.S. carriers already take to clean aircraft between flights The new requirements prompted delta to turn back a flight from Shanghai to Seattle in response delta says service to China will remain very fluid The former CEO of bear Stearns James Cain has died until 2007 Kane known as Jimmy who was one of Wall Street's brightest stars but by the end of that year bear Stearns was staggering from losses in the U.S. subprime mortgage market and in January 2008 shareholders pressured Kane to step down He did so Jimmy Cain was 87 Apple has issued stock bonuses to some engineers in an effort to retain talent We are told they range from about $50,000 to as much as a $180,000 in some cases We check markets every 15 minutes here on Bloomberg Right now in Sydney the ASX 200 pushing higher by more than 1% as the Australian equity market returns from a two day holiday In Tokyo the nikkei is weaker by 9 tenths of 1% in Hong Kong its healthcare stocks leading the hang seng lower by 7 tenths of 1% on the Chinese mainland Shanghai composite down 6 tenths of 1% and in sold the Cosby now weaker by more than 8 tenths of 1% WTI crude oil back below 76 a barrel in the electronic session a ten year treasury now in the Tokyo session yielding 1.47% and the dollar steady against the majors with the Bloomberg dollar spot index rising a tenth of 1% 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 This is Bloomberg.
"brian chuck" Discussed on Bloomberg Radio New York
"Brian chuck This is Bloomberg best on Bloomberg radio This is Bloomberg best I met Baxter And I'm Denise Pellegrini Well Denise we're going to switch now from the fed and to fashion That's right And it's been almost 50 years amazing really Since the creation of the wrap dress And Diane von furstenberg is founder and chairman of DVF And she's also deeply involved with philanthropy with her husband Barry diller She helped create the high line here in New York City for example and she's also raising money for the Ellis island foundation And von furstenberg tells David rubinstein she was surprised about the success of the wrap dress And here she is on the David Rubenstein show peer to peer conversations Yeah I mean you know people say I created the wrap dress which is true but really the red dress created me Because of that dress I became the woman I wanted to be I became independent I by being independent it paid for my children and education It paid for my house in the country beg for my apartment So it made me free and it made me liberated And it was the time of the women's liberation So and because it was address the more confident I became and the more confidence I was I was passing on this confidence to other women that I would go around and rap around women's bodies And so in a sense now that I look back none of them and all the women and so on I look back it's almost like I was a conduit You know I was a conduit for confidence for many generation of women So how long did it take to develop the wrap dress Was it something that came to you like that Or was it many years How did it develop When I was 20 I went out of college and I didn't know what I wanted to do But I knew the kind of woman I wanted to be I wanted to be a woman in charge So how would those going to be my dome So I thought maybe fashion So at first I worked in Paris for a fashion photographer's agent And that got me wow I discovered the world of fashion And then I met the father of a friend of the broad of my boyfriend whatever in Italy and he said you know you should come and discover the other side of fashion where we make fashion So then I discovered you know all about printing you know how you buy an artwork and how you put it in repeat and how you print it And you work with the colorist And learn how to do a color palette So it was really a craft And so I didn't think that any of this was going to be useful to me at all But it was very interesting I then went to America for the first time to visit my boyfriend my mother gave me a ticket to go to New York and visit him And I discovered New York and I couldn't believe it It was I couldn't believe how I said I have to come back here And also while I was in New York because my boyfriend then he was a young very attractive prince So he was very much in demand in New York He was very good-looking And because he was in the man and I came as his girlfriend all the designer wanted to let me close and blah blah blah And so while I was there here I stayed about a month I think I discovered so much I discovered New York I decided I discovered all these young designers And when I went back all I could think about is how do I get back to New York How do I get back to you And when I went back to work in the factory all of a sudden I looked at everything there and I said oh there is my door There's an opportunity Let me try to make some easy easy little dresses that I can then go and sell in America And that's how I started So I would stay late at night with a pattern maker and make some samples and so on But for those who are watching who may not be fashion experts what exactly is a wrap dress What was so unique about You wrap your body Okay So it started from these little sweaters that ballerinas were You know when they when they get cold and it's like cookie mono right again Japanese kimono But it's very tight And because it was Jersey you wrap it very tight That was the difference And it was just the right dress And it was printed because I was in this print factory So it was a wrapped version was a wrapped up with a skirt And it did really well And then I said oh I've got to turn it into a dress And then it became addressed And before I knew at the age of 26 I was making 25,000 rub dresses a week And you became very famous And I became a thing There's a story that newsweek was going to put Gerald Ford president of the United States on the cover and they bought him for you For winning his primary Yes but then I.
"brian chuck" Discussed on WIBC 93.1FM
"Now that needs Needs attended to right now. Everything's fine. Everything's great. Everybody's got jobs. Every businesses open. Everybody's healthy. I mean, it's just it seems like that's what this is, is a distraction from what's really happening in this country right now, which is I mean several things. Big Deck D D platform in conservative views. Um illegal immigration. It's back to the forefront. Biden signing executive orders stopping deportation for any reason. And like you just mentioned hammer the joblessness caused by the lockdown. There are district school district's in this country that are still the kids are locked out of the stools, schools because of the teachers unions, and But, hey, we're gonna go and say a bunch of bad things about a guy that's not even in office anymore. And it's not even just the cove it job related issues. We can't forget our current commander in chief. The everlasting job stopper Joe Biden himself doing Keystone Pipeline and Green New Deal type of things to cost thousands tens of thousands of jobs right off the bat. We're not even one month into the Biden presidency yet, and we're already talking about the jobs issue. So let's lay things out here. This is how it's all going to go down. Thanks. Couple of days. Give it to me. Senate Majority Leader crying Chuck Schumer. Minority leader cocaine Mitch McConnell. They reached an agreement on how this is going to go down yesterday. Both Democrats and Republicans are aiming for the trial to conclude Within a week. Now that timetable maybe tweaked. What you're seeing. Today is the A V departments for both groups displaying videos and talking about why this has to happen or it shouldn't happen. Isn't funny like there's no witnesses, like generally in a trial. Uh, especially on this level, shouldn't have some witness. I mean, there's a bunch of video montages. There was there was bad, uh, clips of things happening at the Capitol to kick this whole thing off. But, you know, I don't think the Senate wants to waste her time. I'm calling witnesses, right? We only stuck in this thing too long. But like weeks, nothing Only they know how it's going to end up as well. They know the outcome already exact. Brian Chuck knows the outcome by the way the cocaine. Mitch loves this, too. Yeah, he's getting his old jollies off on this because he had some bad blood with Donald Trump toward the end. Now tomorrow, the prosecutors and Trump's defense team will each have some timeto lay out their respective cases. 16 hours. The 32 hours in total will be spread out over a couple of days, but each side will have 16 hours and this whole thing For those of you who might not follow this as closely as we all do is about January 6th when the capital siege happened. Donald Trump had a speech before then, and he said, fight like Hell. We're gonna peacefully march down there and let our voices be heard, which is funny because when they showed that video earlier today, they kind of edited out the peaceful part. Where Donald Trump said that but I die aggress. The whole thing is about incitement of violence. The Democrats are saying that speech by Donald Trump, among other things, got the base so fired up. It was basically a dog whistle to barge into the capital. Now, If you're familiar with politics, you understand that for the first half of his entire campaign Joe Biden. Was talking about violence. He was talking about violence against Donald Trump pressure. Always ask me. Don't I wish our debating.
"brian chuck" Discussed on Progressive Talk 1350 AM
"Minneapolis police union is finally speaking out about George Floyd's death today Minneapolis police federation president Bob Kroll spoke with fox nine calling what happened on Memorial Day a horrible display of police work that doesn't reflect us at all the woman connected to a Wendy's fire in Atlanta has been arrested Natalie white is facing first degree arson charges in connection with the blaze set to the fast food restaurant during the June thirteenth protest after the death of ray shard Brooks this has been an NBC news radio special report I'm Brian Chuck Major League Baseball announced it will set a schedule for the coronavirus shorten twenty twenty season without approval from the players after the union rejected its most recent offer of a sixty game regular season USA today reported that the owners plan to implement the sixty game schedule the players rejected by a thirty three to five vote earlier in the day to the track Ryan Blaney and Ricky Stenhouse by a mere seven hundredths of a second to win the rescheduled Cup series race at Talladega superspeedway and ended eventful weekend at the Alabama track prior to the start of the race which had been scheduled for Sunday but postponed a rain drivers and their crews help push Bubba Wallace's car to the front of the field in a show of solidarity for NASCAR's loan full time black driver at the Cup series love football quarterback dak Prescott is signed his thirty one point four million dollar tender under the franchise tag with just over three weeks until the deadline to sign it that's sports I'm separate all the best podcast always free this is just one of over twenty five thousand podcasts available on the I heart radio app and now back to the part time genius podcast back to part time genius all right so we've.
"brian chuck" Discussed on Bloomberg Radio New York
"Security adviser now this Bloomberg sports update a National Football League head coach says he will kneel during the national anthem with his players to protest racial injustice and police brutality Brian Chuck reports Houston Texans bill o'brien told the Houston Chronicle he's all for players having the right to protest in twenty seventeen to fifty year old supported Texans players who knelt after then team owner Bob McNair made racially insensitive comments about protests during the anthem o'brien also the team's general manager attended George Floyd's funeral in Houston this week Brian shook NBC news radio and other NFL news the Browns are engaged in extension talks with defensive end Myles Garrett you may remember he was the player who was suspended six games for striking Steelers quarterback Mason Rudolph with his helmet in November terms of the proposed deal were not disclosed but it would likely make Garrett the highest paid player and his position Garrett was the number one overall pick in twenty seventeen and still has two years remaining on his rookie deal Garrett has thirty and a half section thirty seven games since entering the NFL Harold Varner the third is taken sole possession of the clubhouse lead in the second round of the Charles Schwab challenge and colonial the PGA tour's first event since suspending the season in mid March due to the corona virus pandemic border entered the day tied atop the leader board with Justin rose after opening with a seven under sixty three then followed up with a sixty six to move to eleven under for the tournament Major League Baseball is slightly increased its offer to the players as the two sides continue.
"brian chuck" Discussed on KOMO
"One between cedar cove road in the email read person that took trucks there on the scene so we hope that'll be cleared away shortly our next contract back at seven oh for years to come a week over a forecast like chance of rain tonight in the Seattle area the steadier we've seen over the southwest Washington and then tomorrow sunny with highs in the upper sixties downtown now sixty six and guess what the world's richest man is on track to become the world's first trillionaires Brian Chuck has details Amazon founder and CEO Jeff bays us appears to be about one seventh of the way there that's from the comparison and content side comparison it projects in reaching the milestone within the decade the corona virus pandemic seems to be speeding up the process with online shopping at its highest Amazon sales top seventy five billion dollars in the first quarter Brian show can be seen news radio a new study shows using plasma of coronavirus survivors is a safe way to treat patients suffering from the respiratory illness here's Brian shook with more while the study concluded the convalescent plasma treatment is safe for covert nineteen patients it did not determine whether it actually works however similar therapies have been used to treat other illnesses in the past it relies on a survivor's antibodies to fight the illness in a new patient Brian shook N. B. C. news radio we've just got Brian shook work and double time don't we it's now six fifty six here's today's tax tip your job may be taxing but your work may not be tax deductible I'm Terry Alden or with today's tax tip there used to be a stack of things you could deduct from your income taxes in the name of work expenses.
"brian chuck" Discussed on News Radio 690 KTSM
"Radio I'm Brian Chuck officials are trying to force prison workers to cooperate into investigations under way on the death of finance your Jeffrey abstain about twenty prison workers have declined interviews with investigators and are getting lawyers officials are looking into how abstain was able to kill himself only a couple of weeks after a previous suicide attempt the top aide and spokesman for the acting homeland security secretary is resigning as tensions rise between the department and the White House a department official says and roomy and made the decision to leave government a couple of weeks ago according to actually goes president trump referred to then customs and border protection chief Kevin mac lean in as an old bomb a guy in a meeting with congressional leaders during the government shutdown Tom Roberts NBC news radio secretary of state Mike Pompeii always making his first official visit to Canada Pompeii said meeting with prime minister Justin Trudeau and Canadian foreign minister Krishna free land was a positive step forward towards strengthening the U. S. think Canada's economic and security relationship Pompeii stress the politics cannot get in the way of ratifying the U. S. Canada Mexico trade agreement vice president Mike pence is traveling the country pushing passage of the trade agreement he was in Utah today to talk about how president trump has delivered on campaign promises with a booming economy he said manufacturing is roaring back federal prosecutors are announcing a two hundred and fifty two count indictment that list eighty defendants accused of taking part in a massive online fraud scheme US attorney Nick Hannah says most of the defendants are Nigerian nationals Nigerian fraud networks now target individuals and businesses alike through sophisticated business email compromise scams known as a B. E. C. scams romance scams and other online schemes so far fourteen people have been arrested in the U. S. of those eleven were taken into custody in the Los Angeles area your listening to the latest from NBC news radio authorities in France are already gearing up for this weekend's G. seven summit more than ten thousand security personnel have been mobilized as France prepares to host the G. seven summit this weekend in fact authorities are already at work having detained five people this week on suspicion they were planning an attack on the summit they were arrested for posting messages online and courage in attacks on a hotel where police would be house during the summit France's interior minister said the goal is maximum security minimum disruption bills and for NBC news radio a legendary figure skating coach is now banned from the sport for life Richard Callaghan is accused of sexually abusing several skaters when they were teens one alleged victim filed a lawsuit last week but his attorney says this should have happened in the nineties U. S. figure skating knew of accusations in nineteen ninety nine and dismissed the charges Callahan coach Terrel a Penske two Olympic gold as well as six time champion Todd Eldredge a Bridgeport Connecticut woman faces five years in prison after pleading guilty to arranging twenty HM marriages Saralee Kessler reports U. S. attorney John Durham says thirty five year old Jodie in Stevenson did it in order to get green cards and immigration benefits for illegal immigrants one of the sham marriages was between Stevenson who's from Jamaica and a U. S. citizen she typically charge between seventeen to twenty thousand dollars to coach a.
The Second 2019 Democratic Debate is Underway
"News radio I'm Brian Chuck the second night of the democratic presidential debate is underway in Detroit the leading candidates in tonight's debate on CNN include former vice president Joe Biden and California senator Kamilla Harris joining them tonight will be New Jersey senator Cory Booker former housing secretary huli on Castro New York senator Kirsten Gillibrand Washington state governor Jay Inslee Colorado senator Michael Bennet Hawaii congresswoman Tulsi Gabbard New York mayor bill de Blasio and businessman Andrew
"brian chuck" Discussed on WMAL 630AM
"Economy is incredible negotiating having tremendous success with China, and I find Jonah frankly, in many ways, far more honorable VIN. Brian Chuck and Nancy. I really do. I think that China is actually much easier to deal with then the opposition party. Well, again, if Obama had said that we would have been up in arms again, I think this is not right of the president to say that said the president obviously gearing up for a full-scale shutdown Lindsey Graham Senator from South Carolina, who's a real border dove. He has now tweeted out speaker, Pelosi's refusal to negotiate on wall barrier funding, even if the government were to be reopened virtually ends congressional path to fund the wall and barrier time for President Trump to use emergency powers to build the wall and barrier. I hope it works and let me be absolutely Frank about this. It will not work. Okay. It is not going to work. The reason it is not going to work is because the president would declare national emergency. Based on the situation at the border. That is legally dubious I explained yesterday on the program. There are two separate sections of American law that provide for the president's ability to declare national emergency. Neither one of them was to be declared with regards to simply an intractable political problem. Which is what this is. We are not talking about an imminent attack on the border. We're not talking about the possibility of American naval bases being blown up. We're not talking about America in the midst of war. We're talking about an intractable illegal immigration problem that has crippled the country on the southern border for decades at a time. The president doesn't just to get to declare a solution to that. If Obama did it. It'd be upset. I was upset when the president decided that he was just not going to enforce immigration law and allow dreamers to stay in the country without any sort of consequences. I said that's a congressional job. If if if Trump does the same thing with national emergency powers, I think it'll be a grave mistake. That's issue. Number one. There are a lot of people today or very angry at me suggesting that this means that somehow I am anti the wall precisely the opposite precisely the opposite. It's because I would like to see a border wall that I think that this is a cop out by the president of the United States. The national review editorial board gets this, basically. Right. They say terrible idea. Even if it's legal which is unclear at best who'd represents another unwelcome step in America's long March toward unilateral government by the executive the problem isn't declaring an emergency. There's ample authority to do that we live under a couple of dozen little notice declarations of emergency that have accumulated over the decades, the issues redirecting military funds to the border fence bell required. A strange legal interpretation that treats the border fence is a military matter among other legal gymnastics, illegally speaking as I said before I think that the the contention here is extraordinarily dubious, David French over at national review, who's a lawyer, obviously, he tends to feel the same. He says that he he'd written a along piece earlier this week, but he says the legislative history of the national emergencies act makes clear that the fundamental purpose was to restrain presidential power not to enable a president to act without congress simply because congress will do what he wants. Congress refuses to stop the president when he abuses his power. But why exactly would this abuse of power be any better? Hey, says like we're going to have to cut some statutes. We're going to have to shift defense funding around more than that. Even if you disagree with my legal interpretation, even if you agree with other Republicans other conservatives who say that Trump has legal right to do all of this sort of stuff. Even if you think that Trump can do it legally is not going to work, the reason it's not going to work is very obvious. And we all know it. But nobody's willing to say. So I'm gonna say it here. Now, here's how this goes down President Trump declared a national emergency. He that activates the army corps of engineers to start building on the border court says he cannot do it at which point President Trump does not do it at that point. We're done the president is not going to overrule a court, and he's not going to tell the court to stick it. He's not going to just ignore the court. Now, I think in the past the president's should have done that more often. I think that the court the use of the judiciary as a political body to shut down executive or congressional action has been really overdone. I don't think that the tradition should have the power to set national injunctions by US district court judges. Makes US district court judge is more powerful than the president of the United States, which is absurd. But practically speaking we've had situation after situation with this president or the president does something many times fully legal and US district record judge places in injunction on the president's activity happens. Nothing goes forward that is what's likely to happen here. All of which means that this will just be a political prop the President Trump declared a national emergency that the wall would not get built. And then he would complain about it, and maybe that's satisfies some people, maybe some people are more worried about the political fallout Trump, then they're worried about the actual border wall. Let's not pretend that the border while gets built if he declares national emergency. That's not how this is going to go down. There is only one way the border wall gets built right here. And that is the president's sticks to his guns and tells Nancy Pelosi and Chuck Schumer that they are going to have to own the shutdown continuously. They're gonna have to go back to their home districts, and they're going to have to explain to their folks why those folks are not getting paid. So the Democrats don't have to spend money on something. They obviously should be spending money on and democrat. Spend money on everything everything. Tom Elliott over a gradient has a long piece today on stuff at Democrats spend money on for example, sugar subsidies. Hey, eliminating sugar subsidies in the United States would save six billion dollars that alone is enough to fund the border wall. Plus everybody in America has diabetes in his fat. Wouldn't it be better to cut the board the sugar subsidies anyway? We got rid of the UN the US in two thousand sixteen donated ten billion dollars to the United Nations. Well, we shouldn't even be in the on the owns a garbage institution. Just kill it. Take the money build the border wall. If foreign aid we're currently spending fifty billion dollars a year, helping develop foreign countries, they do we can't come up with this money is just absurd. It's absurd. We can come up with this money. And that's not even looking at the most absurd uses of money by the federal government, which when you aggregate them together actually looks like some serious cash. I'll get to that. In just one second first. Let's talk about protecting your car sooner or later, your car is going to break down. We all know, it, you know, it. I know it everybody knows it if you're lucky it happens while you're still under manufacturer's warranty..