11 Burst results for "Ceo Jim Murren"
"ceo jim murren" Discussed on Bloomberg Radio New York
"In an extraordinary time an extraordinary day yes legislation in Washington earlier this morning markets are bigger than they pulled back beginning to look at some of the fine print as well far more important than that the net the national and international state of our virology in medicine Spain with grim news this morning out of the United Kingdom the shock that the prince of Wales has been identified as having the covert nineteen virus and Paul indicted states again just looking at how governors are adapting including governor Cuomo putting in two thousand beds at the Javits center with mayor de Blasio absolutely Tom I mean governor Cuomo's really you know taken a national profile here and pushing on the fourth some aggressive moves here and that's because New York state and New York City seems to be the epicenter here United States so aggressive moves are actually required in these these making them well I'm here in Manhattan folks Paul Sweeney out is three thousand acre horse farm in New Jersey and between this is a team of people helping Bloomberg surveillance just go go go to day one of those looking at the individual stock stories wrapped around a weaker dollar oil was some stability gold after that huge day pulling back and futures up and now relatively flat is one David Wilson David what do you have today well I mean there's a lot to talk about especially the travel look related shares but we just saw a headline that Occidental petroleum has a pact with the activist investor Carl Icahn it's named three new directors to its board as part of this agreement we I. Khan has had a stake in Occidental since last year you oppose the takeover of Anadarko petroleum which is really hard to accidental lately given the collapse in the price of oil we're seeing Occidental shares higher along with the group to some extent none the less the stock after the deal with Icahn up about ten percent in early trading and so now we turn to the airline's main passenger carriers is set to release receive fifty billion dollars in loans and loan guarantees as part of that economic rescue plan so you're seeing their shares really rally in early trading Americans of twenty and a half percent delta's update to the half percent southwest up ten percent and United higher by sixteen and a half percent and Boeing's out seventy percent it isn't just that the airline stocks around it's also that the plane maker plans to restart project production of the seven thirty seven Max Jack by may according to Reuters reports citing unnamed people familiar with the matter the seven thirty seven Max's been grounded for more than a year after two fatal crashes we're seeing the cruise lines will hire their climbing for a fifth day even though the industry by all accounts has been cited specifically in the rescue work plan nonetheless you got carnival shares up about thirteen and a half percent royal Caribbean are higher by seventeen percent and Norwegian up about twenty five percent in early trading MGM resorts up eighteen percent the casino on a crowd of thirty two million dollar pay deal with former CEO Jim Murren he left the company last week to lead a Nevada task force on the corona virus outbreak I was seeing the auto maker's advance in response to this the rescue package agreement you got Ford motor specially higher up twelve and a half percent General Motors and fiat Chrysler up about four and a half percent reversing the oil stocks rise beyond Occidental even though crude oil itself is slumped in New York trading after rally yesterday ExxonMobil's up about five percent chevron up three and a half percent to your services company Halliburton up fifty percent now for some company specific moves at Nike's UP ten a half percent the up whatever maker's revenue for the fiscal third quarter beat analysts highest estimate in a Bloomberg survey Nike's online orders climbed thirty six percent as the coronavirus let shoppers to stay home you've got Black Rock up three and a half percent the world's largest asset manager will handle three bond buying programs on behalf of the federal reserve those plans focus on corporate debt and on commercial mortgage backed bonds with government agencies we heard from yum brands the shares a little changed in early trading maybe up to half a percent the owner of KFC Pizza Hut and Taco Bell expects yeah our sales to drop by a mid to high single digit percentage of stores open more than a year yum said it sees the coronavirus hurting business even more in the coming quarters what do you see there I think that's absolutely critical B. what is the food industry saying what's our visibility are they in tune may well and possibly longer than that and the ripple effects are already happening cracker barrel old country store down four and a half percent restaurant owners taking a fiscal third quarter charge of a hundred and thirty three million dollars on its punch bowl social change posibles lender foreclosed on the business after all locations were shut down because of the violence David Wilson thank you so much for those individual stock stories of course he'll be with us through the day here on Bloomberg radio with a big move in the market yesterday less so today we turn now to the virus and particularly the medical technology Paul Sweeney yeah absolutely Tom the quest one of the many questions around this virus and responses in the biotech industry the health care industry how they react will they come up with therapies how quickly do you need down as a medical research reporter for Bloomberg law she joins us now with that story searching it gives a sense of what the biotech industry is saying right now about what they can do in terms of therapies and vaccines having a further actually moving pretty quickly Kelly at says that they should know about next month actually whether or not their antiviral which renders the beer which they developed for hearing the appeal outbreak could be a potential therapies for four cove in nineteen and there is already a first in human studies for the for a potential vaccine that NH developed with Missouri so it again so teeny so we've had a couple things a couple of therapies that are already in the market place one you know couple for malaria for example is there a sense that those can be re purposed for this virus or is there something Apsley totally knew that needs to be developed so I know a lot of what they're looking at are repurposing old not all they should be but current therapies but nothing's been proven yet and that I think one of the things that the scientists have been really conscious of it is to make sure that people aren't jumping the gun and taking things that that people don't know work that could have the potential side effects the people are aren't ready for so right so it's interesting here I mean one of the issues is just a timing you know typically for you know and new vaccines or therapies it takes years what is the sense just generally speaking within the biotech slash pharma space tend that timetable be significantly compressed going forward to find some type of vaccine yeah actually they are they are staying at twelve eighteen months actually spoke to the woman who led the development of the and H. back things and they're saying twelve to eighteen months or vaccine which is really aggressive actually because as you said it usually takes years the average acting develop into something like ten to fifteen years that's moving pretty quickly that they went to first in human trial she called it from sequencing to arm in sixty six days so well that's extraordinary but what's the cost to be negative measles quote here a cost per dose is twenty one dollars twenty two cents but that's a medicine we've been dealing with for decades and decades and decades do we know what it's going to cost per treatment for covert we don't and that's a really good issue especially amid all of this the ongoing debate about drug pricing and so you know we don't know how much it's gonna cost there's been a call on Capitol Hill to make sure that it's affordable especially since it was developed with you know any money the taxpayer dollars but I I don't think we'll know until they're able to partner with a commercial company that actually put that out on the market and it thank you so much for being with us today greatly greatly appreciated here on medical technology sorry Paul to me it's just a mystery cystic if it changes you know you know I I I get to store the doctors are telling me a year nine months eighteen months or whatever the politicians are telling me weeks and I'm like oh yeah there's there's yeah right yeah I'm done with the the former their time I mean I think you know is with this the more we learn about this move the more we hear from the experts it's it's something that initially is can be dealt with up simply by you know this you know creating a safe distance and just kind of letting it run its course and hopefully the minimal impact it's not gonna be something that can be addressed with your bio tech big pharma coming in with some type of therapy or vaccine that might be in that clearly could be for the longer term for this virus here but in the near term it's just trying to contain it now with the news in New York City here's Michael bar all Tom prince Charles the heir to the British throne as tested positive for the corona virus the prince's Clarence house office says the seventy one year old is self isolating at a royal estate in Scotland it says his wife Camilla has tested negative the palace says Charles has been displaying mild symptoms but otherwise remains in good health and has been working from home throughout the last few days as usual the White House and Senate leaders reached a deal on a massive bailout of American businesses and individuals left reeling by the corona virus outbreak Bloomberg's Martin the Carroll reports the marathon negotiations produced the largest economic stimulus measure in U. S..
"ceo jim murren" Discussed on Bloomberg Radio New York
"A look at what was going on across the market you heard Charlie give us the top line numbers tailoring says still with me in San Francisco and almost a dead even split across the S. and P. Taylor as I look at my Bloomberg screen two hundred fifty one names up two hundred fifty two down to a hidden change it does not get a lot more evenly split than that what do you what sort of grabs your attention as you look across the movers of the day well decent hate to me too much of a big deal about this is Jack contract but it is she can make their old out say in San Francisco you have Microsoft shares closing just a little bit lower not taking too big of a hit today but this is after course the judge halted the order is said that Microsoft could not continue to work on that cloud deal that they had with the department of defense for about ten billion dollars while they figured out a lawsuit that is going on with Amazon so that is a big deal and then you know what comes on a day when Microsoft had seen there price target lifted to a street high of two hundred and twelve dollars from a hundred and ninety dollars over it ever core that analysts had cited that cloud business as a tail wind saying that the company was firing on all cylinders there so much gas in the tank to really outlay a multi year view for this company they've a hybrid cloud portfolio and really and big enterprise foot print and that gives there as your call product a pretty big competitive advantage so I'm curious if the news today has changed anything about analysts view on Microsoft in the cloud product I'd imagine they'd say no we need to wait more details but whole teamwork on that is not a good thing no it's certainly not I mean you can't read this as a positive for for Microsoft at least in the moment and you know if you look at the stock chart for Microsoft for the day I mean it certainly took a leg down into the negative it been in positive territory after sort of bouncing around a little bit and it stayed negative throughout the course of the day in video we are waiting on number is just making sure that we don't have those yet we do not that chip maker you know larger concentrating in the graphics market that suck was down about six tenths of one percent today in anticipation of the numbers we're gonna talk about them after they come out with a non string of us than anything else tech why eyes or elsewhere the you and me we had on you know what a more broader speaking and take a look at shares of MGM not only do they have a big Macau businesses under pressure in China due to the crown of virus that they've now Yang to their full year forecast due to the use for a virus woes and then and now is the departure of its long time chairman and CEO Jim Murren sister bring in some fresh up people at a time as well of some big uncertainty around the virus and I was reading through some analysts notes in there really seems to be a tug of war here between the bulls and the bears there's a lot to unpack in that fourth quarter results a lot of this they were saying is it's uninspiring in there some weakness in the V. I. P. businesses really on both sides of the globe with both Vegas and Macau but on the positive side analysts were saying that MGM continues to show progress in executing some of its strategies and they have some recent asset sales to reduce that dad and start to return capital to shareholders soul with there's bulls and bears I guess that's what makes markets and we need to stay tuned to see who wins right just getting a few headlines from Attorney General bill Barr speaking with ABC I telling ABC he won't be influenced or bullied by anyone who will do what he thinks is right in the role he is saying though that trumps justice department tweets his bosses tweeds make his job quote impossible he did reiterate to ABC the trunk never asked him to do anything in a criminal case so again does headlines crossing the terminal Attorney General William Barr speaking to ABC news let's get a quick check on what's going on with volatility what went on with volatility I should say in the market today I've also the up a touch of about three point nine percent closing at fourteen point two seven this is Barbara right hi my name is yes you're doing Mister Wilson Dave will send it back with us what you looking at stock wise.
"ceo jim murren" Discussed on News-Talk 1400 The Patriot
"To their retirement it's no surprise the most common threats include stock market volatility economic uncertainty conflict in the Middle East the twenty twenty presidential impeachment and election unfortunately there are many threats beyond your control that can affect your retirement savings that goal CO a leader in precious metals the team believes one way to protect your investment portfolio is with physical gold and silver gold show has helped thousands of investors safeguard the retirement especially in times of uncertainty in fact if you call eight five five nine seven one two zero zero six gold co we'll send you a free one ounce silver American Eagle coins and all you have to do is pay for shipping and handling no obligation one hundred percent free call eight five five nine seven one two zero zero six to get your free silver American Eagle coins that's eight five five nine seven one two zero zero six powered by public rejection of the baseless democratic Aladdin peach right effort group supporting president trump raised more than sixty million dollars last month that shatters fundraising records and president trump's reelection campaigns as a gain more than a million digital and direct mail donors since the impeachment process started in another sign of the decline of traditional print media McClatchy newspaper group has now filed for bankruptcy McClatchy publishing the Miami Herald the Kansas city star and twenty eight other major newspapers nationwide the head of casino giant MGM resorts international says he's stepping down as chairman and CEO Jim Murren says he will leave as soon as a successor can be found he gave no reason for his resignation please join me for Lou Dobbs tonight seven o'clock and ten eastern on the fox business network this is the Lou Dobbs financial report the patriot mobile app is your source for news headlines throughout the day if you need to know what's going on open the WDTV K. mobile app down cross town in Lacko rockstar spend a lot of money on my brand new hi.
"ceo jim murren" Discussed on Bloomberg Radio New York
"Nine sixty at the bay area early morning on the California in the greater San Francisco market SiriusXM channel one nineteen as well every day up at one point Paul you gotta give it away you got to give it away a little bit and again I think that some of the news coming out of trying to calm about the judgment as a big shock and I kind of took away the narrative that maybe things were kind of peaking and ran rolling over here we got a discount for that we've been thrilled with the medical wisdom we've seen from doctor hotel as doctor Fauci Jennifer roan Doctorow joining us UCL London earlier and I will miss words Paul she was she was a grim she was just analytically really pushing against the media happy yes by yeah very sobering outlook I think and you know and so backed up by by by lots of data which of course we have bluebird like we like to take this well figure data let's just get right to it from the bluebird interactive brokers studios we think interactive brokers for massive support of what we do they'll drive test losses were David Wilson's gonna start David isn't like you were literally written a book on this I mean this is no surprise right well really isn't I mean when your stock prices up you might as well sell some stock and that's what does was doing it the electric car maker plans to sell about two billion dollars of shares after the price rose as much as five fold since June now test will disclose the proposed sale less than an hour after forecasting this year's capital spending will be as much as three and a half billion dollars to the need to raise the money they're going to the stock market share dilution I mean within the way they do shears is it is it like a true they'll be more shares outstanding exactly so yeah I mean you are going to have that of course the extent of the Lucien what we'll find out in the sense because you know has a minute had quarterly profits but they haven't had them consistently so we'll see if that plays out for this year the way analysts are anticipating moving on though you've got sprint shares down two percent people familiar with the matter said T. mobile U. S. as majority owner going to telecom wants to cut the price being paid for the wireless company I think that's because sprint's shares trade a lower price than they did with the deal was proposed in twenty eighteen eight and since you're talking coronavirus we should know Alibaba group holding down two and a half percent here in the U. S. China's largest online retailer said expects the viral outbreak to weigh on revenue growth this quarter Ali Baba sided weakness in restaurant orders and travel bookings as well as its main he commerce business surprise there again either I guess absolutely and well one more no surprise on that score MGM resorts international down two and a half percent the casino owner withdrew its earnings forecast for this year because the effects of coronavirus on business in Las Vegas in in the Chinese city of Macau all by the way chairman CEO Jim Murren is resigning that wasn't surprised and he's been there for ever he's Mr Vegas is you know absolutely yeah and and it yeah that did come across a surprise no question back on earnings Cisco Systems down five and a half percent the network equipment maker forecast a second straight drop in quarterly revenue as companies and governments rein in spending Cisco sales and earnings projections were in line with analysts' average estimates in a Bloomberg survey nap though which does data storage systems down ten a half percent they cut their fiscal year revenue forecast after third quarter sales and earnings came up short of estimates applied materials so up three percent the maker of chip production equipment reporter fiscal first quarter profit and revenue the top the estimates in the second quarter forecasts also beat predictions you've got a IG American international they're up to percent that a fourth quarter profit that beat estimates and they were profitable for the full year from underwriting and that's one of the goals the company set any turnaround plan being a turnaround crampons could sure use one another another right down down to in that and all right down just some more falling sales yeah timestamp two and a half percent in early trading sales missed the average estimate for a fifth straight quarter and we do have a plus in terms of the corona virus and that would be tripadvisor they're up three percent the only travel company posted fourth quarter raise a beat us with and said it doesn't see the virus having much affect on its business image Kraft Heinz ninety two thirty yep that's so bring it is packaged goods it's just brutal okay thank you so much greatly appreciate where do we have a serious discussion with Arthur Levitt really about so much more work to do did twenty thirty years ago but first Arthur I got to go to what matters I got a ton of mail over your comments the other day in the Westminster dog show once again is you predicted Daniel the golden retriever god crush by the foo foo standard poodle mean Arthur this is it is there anything a powerful guy like you can do it's really outrageous side and worrying about this for years this time of the year depresses me winter penalize simply go into our room and close the door turn everything off it is just an outrage I mean there's a Labrador retrievers golden retrievers a German shepherd marks is a beloved species you know beast across the country and they go that you don't wanna so using this this doctor's not representative of the people are you know were you and I are you know it's not that fancy over our through list to get a standard poodle caught like a dog one eight hundred forty two dollars with the two got together that's about it let's move on a series of Paul bring this this is headline I just think is profound trump administration would shift audit watchdog watchdog role to SEC Arthur Levitt former chairman the SEC thanks for joining us here at one of the common themes Arthur that in our discussions with you has been under the trump administration a move decidedly towards a less regulation of financial markets and we take a look at president trumps proposed budget it comes down to dollars and cents proposing to take away some funding of those regulars wait what did you see the proposed budget well going back to September two thousand I testified before Congress in which I said that sound and verifiable financial reporting this to financial markets what oxygen is your breathing and that's why I am so troubled by doing away with the PCAOB which is essentially what is proposed in merging it into the SEC so it is this from your perspective I mean again going back to two thousand in your perspective through that time frame is there any evidence that we're going too far on a D. regulatory bent or we would just won't know until something happens I think we're going too far I think that consider the attention paid by auditors to quality reports that the PCAOB issues that when an order firm is flagged in the quality report by PCAOB it's because of significant concerns about auditor accuracy so that's that's devastating are abandoning PA species there will be in my judgment would disrupt asters in market source is this goes back of course not so much a representation of the individual investor but the war which I have tended to do my brain from the past on a thing called fails beef fails me folks F. A. S. B. it's an alphabetical soup for accountants trying to be honest now we have auditing going back to the SEC is the are the SEC are they actually auditors not really I think the what you really have to take into consideration is that the commission's mandate is full and to meet the expectations for the PCAOB would require an expansion of staff an expense that isn't funded by the trump administration's proposal is no different than going to a restaurant ordering a three course meal yeah and then expecting another course for free not that I would know what that's like alright Sir not how it works for calling the emails in from the cat skills right now he says is a no fell for that stupid here which I'll explain to me what your SEC has to be like D. O. D. E. and F. P. C. always be an F. A. S. T. involve we're all these helpful what all this alphabet stuff come from Powell wanted to it it does seem confusing and overwhelming from time to time deposit so extraordinary about this is Mister Levitt knows is the SEC original thirty three and thirty four documentation I mean it was leaked on a cocktail napkin yeah exactly here and that's been it units stood the test of time are there just more quickly I mean this is just a proposed budget from president trump administration what's the support within Congress for financial regulate regulators I think it's there is support but I wouldn't say that it's the kind of overwhelming support you find following a massive scandal of some kind read more hits and been too good to awaken Congress to the need FOR revelation okay we're gonna leave no Arthur all I ask is Wincer pets for Westminster dog show camp next year and get it done sure love it with this of course a former chairman of the securities exchange commission and on the board Bloomberg board as well sorry for all the alphabet soup there folks but this is actually really serious stuff in a time of non crisis you get to the next crisis as well right now with their new in New York City is Michael bar Tomball thank you very much China reported two hundred fifty four new deaths on a spike in corona virus cases of more than fifteen thousand after the hardest hit province of who by applying a new classification system that broadens the scope of the diagnosis for the outbreak which is spread to more than twenty countries World Health Organization spokesman to wreak yes aerobic says the number of severe and fatal cases is still low what we've seen so far that that there is a a bigger number all for a large number of mild cases that only about fifteen percent of cases we have we have been reported to two so far progress to see V. or he only saw an ammonia and then we know that mortality racial all of the cases that have been confirmed so far was about two percent of the total deaths in mainland China since the outbreak began in December stands at one thousand three hundred sixty seven with the total number of confirmed cases mounting to more than fifty two thousand five hundred former White House chief of staff John Kelly was critical of his former boss sent an event in New Jersey last night including the president's treatment of a.
"ceo jim murren" Discussed on Bloomberg Radio New York
"That debuted last year and just flashing across the Bloomberg terminal telecom Italia is said to be near picking que que are for its open open fiber deal and also carnival Corp saying that the coronavirus crisis will have a material impact on its financial results the cruise industry has been reeling from the quarantines that have been put in place and also travel restrictions Carlos says it can't yet estimate the full effect of the virus on its current fiscal year the company said a complete suspension of its operations in Asia through April is a step that it doesn't currently plan but if so it would lower fiscal twenty twenty earnings by some fifty five to sixty five cents a share and Brian after the bell MGM resorts reported quarterly profit below estimates the company also withdrew its full cost for twenty twenty citing the impact of the corona virus outbreak the shocking news came when MGM said its leaders planning to step before his contract expires bluemix Chris Paul Murray says chairman and CEO Jim Marin is making the move under pressure Mar and say you know just completed this transition under pressure from activist investors for years to boost the stock price they've they've sold really almost all of their marquee assets to third parties and they'll continue to manage them under this sort of asset like strategy but there's no doubt that marine has been under pressure in recent years she has an MGM rose four percent in late US trading the outbreak is exacerbating the industrial slump in Germany Deutsche Bank is saying that the German economy could be on the verge of recession Deutsche Bank expects a slight contraction in the fourth quarter it's also casting some doubt on the prospect of any rebound at the start of this year twenty twenty German GDP figures due to be published on Friday all right for a close up look at what's happening in financial markets is our Asian trading day gets underway he is a yeah Chris thanks also one of the conclusions I think that the market seems to be making right now is that maybe the worst is behind us and I hesitate to say that because of a lot of the cabbie outs that Brian laid out at the top of the program but it seems to be the conviction here is that we're seeing a slower project a progression of the virus outbreak look at what the I MF of forecast today a very quick recovery kind of V. shaped for the Chinese economy and then we're hearing about the flurry of patent studies that are in China right now trying to see which effective power which agents would be most effective in combat in the virus Bloomberg data show that they are seventy seven clinical trials now targeting the virus that have been registered since January twenty third so here today was very much risk on with the Dow at a record high twenty nine thousand five fifty one we were up one percent on that front in the broader market a record as well for the S. and P. five hundred thirty three seventy nine a gain there of about seven tenths of one percent nasdaq top rises to an all time high ninety seven twenty five with a gain of nine tenths of one percent well saying also seeing other risk on mood in the crude oil space with WTI jumping two and a half percent we settle New York trading fifty one seventeen we're moving higher right now in the electronic session fifty one seventy five it's a little curious to because OPEC slashed its forecast for global demand and at the same time U. S. inventories came in above estimates both of those points would argue for lower crude prices after the bell Cisco predicted revenue will decline this quarter that was pretty much what the market was expecting the although this is kind of at the mid point of estimates and the stock was down about one point seven percent and we have the Singaporean bank a DBS group holdings reported quarterly net income above estimates two point four three billion saying dollars U. S. ten year treasury last quoted in New York at one point six three percent I'm a Christian or the Bloomberg interactive brokers studio in New York cuss Lynda dot get looks as if the cruise ship that has been sailing the South China Sea looking for welcoming port has finally found one ad Baxter has WC the Bloomberg nine six.
MGM Resorts CEO Jim Murren to step down before contract ends
"MGM resorts reported quarterly profit below estimates the company also withdrew its full cost for twenty twenty citing the impact of the corona virus outbreak the shocking news came when MGM said its leaders planning to step before his contract expires bluemix Chris Paul Murray says chairman and CEO Jim Marin is making the move under pressure Mar and say you know just completed this transition under pressure from activist investors for years to boost the stock price they've they've sold really almost all of their marquee assets to third parties and they'll continue to manage them under this sort of asset like strategy but there's no doubt that marine has been under pressure in recent years she has an MGM rose four percent in late US
"ceo jim murren" Discussed on KOMO
"Are Taylor and size of the editor's desk on Tom Heller MGM resorts international says a legal settlement with victims of the deadliest mass shooting in modern US history as a major step chairman CEO Jim Murren said today the casino giants goal has been to resolve the lawsuits it faced over the twenty seventeen Los Vegas massacre victims and their families can move forward in the healing process a gunman opened fire for one of MGM's hotels into a concert venue it owns killing fifty eight people and injuring hundreds just over two years ago the U. S. government started to turn over the care of migrant children to private industry in June the Florida based government contractor comprehensive health services held more than twenty percent of all migrant children in government custody even as the number of children has declined to companies government funding for the children's care has continued to flow comedies time down at ten sixteen and the latest jobs report comes out tomorrow and with a look at what we might expect I'm joined by Bankrate dot com senior economic analyst mark hammer great to have you with us as always mark the bank and great to be with you this appears to be a pivotal report mark with regard to whether were full speed ahead or if instead the economic expansion of the last long ten plus years might be in some trouble well definitely not full speed ahead at this point although the job market has been performing probably as remarkably well as any aspect of the US economy and so this report we get in the morning is critically important crap says important as one we've had in quite some time the the what's happening with this week for example is we've gotten a couple of rather down be reports one pointing to contraction in the nation's manufacturing sector and that yet another one today from the nation's about purchasing managers indicating that service sector strength is not as robust as well we'd see before an additional worry some there was that the employment component of that report other words pointing to hiring was on the precipice out but turning into a downturn so these are interesting times in which we live we know the global economy. is troubled we know that the US has generated a trouble of its own between the the US China a tear of some trade war and so the the other the employers are caught between a rock and a hard place in many ways because on the one hand other confidence has been undermined in some cases by the trade issue but the global economy isn't helping either and so even if demand remains fairly robust here in the United States consumers continuing to spend business leaders may be wondering what's around the corner what about this report would give us cause for concern other than the the things you just mentioned well of you know we think that we need about ninety thousand jobs a month just to keep pace with the job market in other words to March in place and last month we had a hundred thirty thousand jobs at an about more than twenty thousand of those were a relatively temporary census jobs and will probably get another dose of that and this report as we gear up for the twenty twenty cents us so if you think about just needing ninety thousand jobs to to maintain neutral status we get anything below that that's a worrisome sign that that's not the expectation obviously forget anything substantially above that then that tells us that we're sort of quote unquote okay earlier this week ADP the payroll processing company indicated that the level of job creation last month was essentially on par with what the labor department had indicated in the previous month so that suggests that hiring isn't falling out of bed and indeed we haven't seen a high number of for example new claims for unemployment benefits that would be one area you do you continue to watch to see whether people are heading to the unemployment line finally mark what about wage growth well I would say that that has been the single most stubborn part of this eleven year old economic expansion and you're over year how games there of three point two percent don't sort of ring the bell of three and a half to four percent that we would have expected with a robust expansion I think we probably have seen the peak there as well and the good news for perhaps all workers at this point is that in for. and is relatively muted but we know that there are some areas that are sort of out liars there with respect to for example healthcare expenses and education we'll see what happens tomorrow mark as always we thank you for being with us mark Hamrick senior economic analyst at Bankrate dot com. ten twenty now assisting with the theme of money.
September jobs report expectations: What to look for
"Heller MGM resorts international says a legal settlement with victims of the deadliest mass shooting in modern US history as a major step chairman CEO Jim Murren said today the casino giants goal has been to resolve the lawsuits it faced over the twenty seventeen Los Vegas massacre victims and their families can move forward in the healing process a gunman opened fire for one of MGM's hotels into a concert venue it owns killing fifty eight people and injuring hundreds just over two
"ceo jim murren" Discussed on WBZ NewsRadio 1030
"Degrees in Boston. Well, MGM grand casino is up and running in Springfield. Now. The gambling mecca is making a big move to raise its public image here in Boston with some help. From the Red Sox WBZ's Sheri, small explains the MGM lion logo are now displayed proudly on the green monster and GM resorts CEO Jim Murren means a lot to our company because at MGM we look for companies that are aligned with us culturally and Fenway sports is certainly that entertainment company that cares about communities. We do it's well, the MGM branding will be visible around Fenway and MGM will host exclusive game days for its VIP's and MGM resorts are now considered the official resort casino of the Red Sox team at benway Sheri, small WBZ. Boston's NewsRadio phone you. State officials holding a news conference today while President Trump Lanza in southern California for a visit to the border those state officials voicing. Awesome opposition to the border wall. We get the story from ABC's Alec stone. As a president comes here to see this newly rebuilt section of the border wall. California attorney general heavier by Sarah is reminding the president that this state Novara dozen more have filed a lawsuit to block his national emergency to get more wall. Bill Trump's actions to divert funding to fulfill a vanity project, violates our constitution, and our laws this section of border wall being looked at today was a priority. Going back to President Obama was finished under President Trump. Alex stone ABC news, collects Icho, California. Massachusetts attorney general Maura Healey. Joining the fight against the border wall signing up with twenty other attorneys general asking the federal court to block the Trump administration for redirecting one point six billion dollars in federal money to build the wall. The geez motion asking for a preliminary injunction to block the administration from diverting taxpayer dollars, otherwise slated for state and local law enfor. Smith agencies. Healy says the president's move to divert. The money would affect the Massachusetts state police and the Massachusetts port authority adversely job growth back on track. After the Bisbal report in February one hundred ninety six thousand jobs added last month that compares with just thirty three thousand the previous month weather, then the government shutdown appear to be factors in those numbers making them in anomaly, but wage growth is also slowing the sign. The companies are very cautious consumers reacting to a possible U S, China trade war, and now fears over the Mexico border shut down a major trading partner with the US could impact economic growth TJ marriage JJ kit a-and says, it could take months to see if all this has an effect. If any on the numbers. So we have something more with both Mexico and with the Chinese. Job gains of average hundred eighty thousand so far this year unemployment rate, still low seven thirty eight on WBZ time now to check Wall Street's the markets are closed. We get the latest from Bloomberg business and Tracy jonky even as nation after nation and airline after airline grounded the seven thirty seven max Boeing kept up its production pace. Now, Boeing slowing things down and four board. Members are reviewing the maxes safety and design Tesla's board looked into allegations that Elon Musk pushed an employee who had resigned in a statement to Bloomberg news. The board says it concluded there was no physical altercation. The Dow was up forty points. The NASDAQ up forty seven SNP up thirteen I'm Tracy jonky. Bloomberg business on WBZ. Boston's NewsRadio Jones thirty industrials closed up forty points and p five hundred games of thirteen at the closing bell seven thirty nine. On WBZ up next. We'll check sports.
"ceo jim murren" Discussed on WBZ NewsRadio 1030
"And running in Springfield. Now that the gambling mecca is making a big move to raise its public image in Boston with some help for the Red Sox WBZ's. Sheri, small explains the MGM lion. Logo, displayed proudly on the green monster MGM resorts CEO, Jim Murren. The means a lot to our company because at MGM we look for companies that are aligned with us culturally and Fenway sports is certainly that entertainment company that cares about communities. We do it's well, the MGM branding will be visible around Fenway and GM will host exclusive game days for its BI peas and MGM resorts are now considered the official resort casino of the Red Sox team at benway's Sheri, small WBZ. Boston's newsradio. Gallo phone us officials hold a news conference to voice their opposition to border wall. Just as President Trump lands along the border to tour new construction, they're ABC's. Alec stone is with the president in connects Icho as a president comes here to see this newly rebuilt section of the border wall. California attorney general heavier by Sarah is reminding the president that this state Novara dozen more have filed a lawsuit to block his national emergency to get more wall. Bill Trump's actions to divert funding to fulfil a vanity project, violates our constitution, and our laws dissection a border wall being looked at today was a priority. Going back to President Obama was finished under President Trump stone ABC news collect Chico California. Massachusetts attorney general Maura Healey joining the fight against the border wall. She signing up twenty other attorneys general asking federal court to block the Trump administration for redirecting one point six billion dollars of federal funds to. Build that wall. The motion looking for a preliminary injunction that would block the federal government from diverting taxpayer dollars that are otherwise slated for state and local law enforcement agencies. Healy says the president's move to divert that money puts funding risk for the Massachusetts state police and the Massachusetts port authority job growth back on track. After the Bisbal report from February one hundred ninety six thousand jobs added last month that compares with thirty three thousand from the previous month, whether the government shutdown appear to be factors in those numbers, making them an anomaly, but wage growth also slowed is a sign that companies very cautious with consumers reacting to the possibility of U S, China trade war going on and now fears over Mexico border shut down a major trading partner with the US. It could impact economic growth fivethirtyeight on WBZ time for us to check Wall Street's the markets. Closed. The numbers are in. Let's get the very latest now from Bloomberg business, Tracy jonky. Wall Street has done well for itself this week. The Dow up forty points, NASDAQ up forty seven the SNP up thirteen and all three with their best weekly advance in a month or two months in the Dow's case with gains ad or north of two percent. Investors seemed mostly cheered by the March jobs news, so Labor Department found employers, adding nearly two hundred thousand jobs last month after the.
"ceo jim murren" Discussed on WBZ NewsRadio 1030
"The engineering firm hired by the city to design a new Long Island bridge says that bridge can be built on existing piers. It'll take about eighteen to twenty four months to build the bridge. Chris osgood. Chief of streets where the city of Boston says different. Segments of the bridge will be floated to the site the approach that we're planning on taking us to actually assemble the major sections of the bridge actually in the city of Boston be able to float them to Boston Harbor area. And then place them upon this impairs the city hopes to begin construction on the bridge sometime next year, but there is significant opposition in the city of Quincy. And if this ends up in court that could significantly affect the timetable from Boston city hall Carl Stevens WBZ Boston's NewsRadio MGM grand casino up and running in Springfield. Now. The gambling mecca making a big move to raise its public image here in Boston with help from the Red Sox WBZ's Sheri, small explains the lion and logo are now displayed proudly on the green monster MGM resorts CEO, Jim Murren. The means a lot to our company because at MGM we look for companies that are aligned with us culturally and Fenway sports is certainly that entertainment company that cares about communities. We do it's well, the MGM branding will be visible around Fenway and MGM will host exclusive game days for its VIP's and MGM resorts are now considered the official resort casino of the Red Sox team at Fenway. Sheri, small WBZ Boston's NewsRadio comedian Bill Cosby settles with seven women who sued him the story the head on WBZ. Thirty-three WBZ time for a look at traffic.