23 Burst results for "Charlie Palette"

"charlie palette" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:53 min | 2 d ago

"charlie palette" Discussed on Bloomberg Radio New York

"Still actually pretty good about things. And video gave a forecast for revenue in its fiscal second quarter that fell far below an earlier estimate due to a weaker outlook in the gaming industry the chipmaker is known for making high end graphics cards that are used in gaming Nvidia shares down now by 8%. Those meme stocks back big time today, case in point, bad bath and beyond surging 38.7%, AMC entertainment holdings up 14.5% while GameStop up now by ten and a half percent. One O two on Wall Street, time now for the market drivers report with a focus on American depository receipts, and here she is. Abigail too little. Thanks, Charlie, and there's some significant underperformance for most of the ADRs we follow closely starting it with China tech. Even with U.S. yields lower something that typically helps tech stocks makes them look a little bit cheaper, most of these China tech ADRs are down sharply can duo duo, JD.com, Alibaba Baidu all down by about one to 4%. Now, not helping those names at least from a perception standpoint, Japan SoftBank, the holding company, it posted a record $23.4 billion loss on plunging portfolio valuations, but that ADR interestingly enough is down just slightly, turning to Europe, the intact this ADR is down 9% on a disappointing earnings report as vaccine orders led to sales and profit short of analyst estimates and then finally rounding it out, some European tech ADRs are modestly including SAP, Nokia and Ericsson, Charlie. Okay, I thank you very much, Abigail, Doolittle, deal news, lots of deals on this Monday Whirlpool buying in sync curator that is Emerson Electric's waste disposal business and a $3 billion transaction Whirlpool down 1.9% Emerson down .7%. Recapping NASDAQ has just turned lower down less than one tenth of 1%. We've got the S&P down three points down one tenth of 1% the hour up 19 up one tenth. I'm Charlie palette that is a Bloomberg business slash. This is balance and power with David Weston. Putin still wants to destroy Ukraine and he's going to make another attempt to take here. It's only a matter of time. The United States and our allies have to continue to tighten up on sanctions with regards to Russia. Where the world of politics meets the world of business. Things like fuel and housing costs are some of the biggest drivers of inflation. The reality for Democrats is people can not coalesce or think about who might come after Biden. Balance of power we've given Weston on Bloomberg radio. Another historic piece of legislation heads toward President Biden's desk. The Supreme Court's abortion decision shows up in midterm elections and China keeps up the pressure on Taiwan even as its own economy shows weakness from the Bloomberg interactive broker studio in New York

AMC entertainment Abigail chipmaker Charlie GameStop China Nvidia Alibaba Whirlpool
"charlie palette" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:49 min | Last week

"charlie palette" Discussed on Bloomberg Radio New York

"Setbacks and upheaval with his experience Tara borelli will become one of the most senior managers on apple's EV team and bring some exotic car panache to the effort in New York, Charlie palette. Bloomberg daybreak Europe. Reporting on that story, someone who brings panache to our show every morning is Leanne guarantees we're looking ahead at some of the events where watching out for later today Leanne. Not as much panache. As Lamborghini, a sports car, but anyway, we try, don't we? Yes, let's take a look at the key things the markets are watching out for today. And today is an earnings bonanza firms in the U.S. and Europe worth more than $9.4 trillion are reporting at 8 ten the Anglo American CEO that's Duncan Graham van bland will be speaking to Bloomberg, 8 20, we hear from the shell CEO that's Ben Van Buren, 8 30 Vanguard investment chairman, Sean hagerty will be on Bloomberg TV and at 9 30 the Etihad airway CO Tony Douglas will also be speaking to Bloomberg. That's just a snapshot. There's loads more and are fully win on them throughout the day. But then also at ten 30 a.m. UK time will have the latest confidence surveys for the Euro area, then at 1 p.m. will have the German CPI reading for July, quickly followed at one 30 p.m. by some data from the U.S. including initial jobless claims and also GDP figures and then later earning season, as I mentioned, it just keeps on continuing with Apple, Amazon, Intel and Pfizer, some of the big name stateside, they're due to report, and also just one little thing here from the UK history will be made this morning with the first televised sentencing at a criminal court in both England and Wales. Okay, yeah, very interestingly, I guess. Thank you so much for the look ahead then. Today, right, well, speaking of earnings, let's dive in, shall we more than 80 companies in the year stock 600 reporting today, one of the busiest earning days in a decade, a lot riding on what companies have to say. Joining us now Bloomberg senior European equity strategist Tim Craig head, look, first on the banks, let's discuss those and Credit Suisse Deutsche Bank earlier this week. Barclays today just out. What can we pull out from these bank earnings in terms of trading revenue in terms of costs going up in particular? Yeah, and I have to say that there's two things that come out to me that jump. Number one, we know from those that have investment banking businesses that the trading element is doing reasonably well, especially for most of them with fixed income businesses. Deutsche was like that. The U.S. wins last week were as well. The investment banking business, the old corporate finance business is clearly under more pressure from a deal point of view. In Credit Suisse this fireworks were very much company specific. The thing to me, so beyond that that is maybe most interesting from an economic perspective given how important that is that this juncture or the core commercial banks. And their in particular, I'd look at a Lloyd's or a unit credit where we saw rising net interest income still solid credit quality and improvement in dividends and or buybacks and the banks are holding fast to the idea that there are positive play on rising rates. Now, the stocks are telling you that there's a dislocation because the banks have not been following the most recent rises in rates in the last couple of months. So I think that's where there is an intrigue and a real disconnect that you can make it you can make a stand on one way or the other. Tim, we're watching the price of natural gas very closer here in Europe as we're having this news that the flows through the Nord stream pipeline have been reduced further. What companies are we watching to see the impact of us? I think largely it boils down to industrials. And elements of the material sector in particular, those in the chemicals business. And if you want to look even more closely, certainly, Germany is in the target range for this, given its exposure to Russia natural gas. Our analysis would suggest that if Matt gas is cut off and we're down to 20% of the flow at this point, you've got a curtailed demand, something on the order of 20 to 25% in Germany. That's a lot of demand destruction. It's not in our forecast. It's not in what the market is pricing, but that's where the risk is. Yeah. On debt, of course, in the face of this, you look at the consumer Staples and they do seem to be holding up. In terms of the brand names like Nestlé and so on. But look, a bigger sort of question, U.S. stocks seem to be in a profit recession already. What about Europe? You know, it's interesting. I have to say, we're being surprised to the positive. You look at the case of you mentioned Nestlé's earlier. They're pushing price. It has yet to have a dramatic impact on demand. And there have been a handful of instances with some big cap companies across various businesses that are showing that coming through at this point. Do you think LVMH? I think Nestlé. We still have a worry as we go into the second half that we're going to see elevated margin expectations crack, but in many instances where we thought we would have seen some evidence of that. There's continued good corporate development that frankly

Bloomberg Tara borelli Leanne Charlie palette Duncan Graham van bland Ben Van Buren Vanguard investment Sean hagerty Bloomberg TV Etihad airway Tony Douglas Europe U.S. Tim Craig Credit Suisse Deutsche Bank Anglo American Lamborghini UK
"charlie palette" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:28 min | Last month

"charlie palette" Discussed on Bloomberg Radio New York

"Banking system is resilient. We do not have concerns about the banking system. So in that sense, it's a mixed picture, but I do want to get across a key piece of the picture relative to if we go back on the same pass times as we conclude that the moment the banking system is resilient. So that was the bank theme and governor Andrew Bailey speaking there, but his comments come as new data raises more concerns about the health of the wider UK economy, retailers reported another drop in sales as record high inflation kept consumers from spending on discretionary products and services. The British retail consortium says that sales declined 1.3% from a year ago in the period to the 2nd of July after a similar drop the month before. Twitter has seen more than $3 billion wiped off its value after Elon Musk walked away from his $44 billion deal to buy the company, setting the scene for a disruptive legal battle, his Bloomberg's Charlie palette on how the market is reacted. They are dumping shares exercising put options and making short bets as the $44 billion deal heads for what looks like a protracted court fight. Twitter shares plunged 11%, pushing the decline for the year to nearly 25% after Musk said late Friday, he intends to scrap the merger agreement, Musk had agreed to buy the company for 54 20 a share, the stock closed Monday at 32 65. In New York, Charlie pellet Bloomberg daybreak Europe Twitter chairman Brad Taylor said the company will pursue legal action in order to close the transaction on the price and terms agreed by mister Musk, denying the Tesla boss claim that more than 5% of Twitter accounts are bots. In the UK, the next prime minister will be announced on the 5th of September, but potential new leaders of the Conservative Party need at least 20 MPs to back them to stay in the race today. According to Graham Brady, the chairman of the 1922 committee overseeing the process of not a nominations will open and close today before the first round of voting begins tomorrow. We will have successive ballots until that happens. I would hope that we will do relatively quickly. We will have the first two ballots this week and then begin about its next week probably on Monday and it may be that we reach the final two at

Andrew Bailey Twitter British retail consortium Elon Musk Charlie pellet Bloomberg daybreak Europe Brad Taylor mister Musk UK Bloomberg Musk Graham Brady Tesla
"charlie palette" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:54 min | Last month

"charlie palette" Discussed on Bloomberg Radio New York

"From Bloomberg world, Hank waters I'm Charlie palette Elon Musk's proposed acquisition of Twitter, may fall apart over his doubts at the company's accurately reporting the number of spam bots on the service. This according to The Washington Post, even as company executives today reiterated the number as low and tried to better explain how they calculate their numbers. Stocks rallied today for the fourth straight day this ahead of the jobs report tomorrow morning on optimism that the Federal Reserve will be able to curb inflation without tipping the U.S. economy into 8 recession. The S&P 500 and the tech heavy NASDAQ 100 both woes the most in two weeks. Today, the S&P was up 57 points up one and a half percent. We had the Dow up 346 up 1.1% that has stacked composite index up 259 gain of 2.3%. The ten year yield, 2.99%, the two year yield, three 1%, spot gold 1740 the onslaught west, Texas intermediate crude oil, up 4.3% today, one O two 73 a barrel can now ignore natural gas it surged 14.3% today Matt gas at 6 29 per million BTUs. After the bell, an earnings beat from Levi Strauss shares our rallying after ours. I'm Charlie palace and that is a Bloomberg business flash. This is Bloomberg sound on with Joe Matthew on Bloomberg radio. The headline on the terminal, Brittany griner pleads guilty to drug charges in Russian court. This, of course, just a day after her letter to President Biden was made public The White House responded and of course after, as well her supporters held another big rally in Phoenix greiner plays for the Phoenix mercury, her wife, sherrell spoke to the crowd. I asked for your help in

Charlie palette Elon Musk Bloomberg Hank The Washington Post Charlie palace Federal Reserve Twitter Joe Matthew Bloomberg radio Brittany griner Levi Strauss Russian court U.S.
"charlie palette" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:39 min | Last month

"charlie palette" Discussed on Bloomberg Radio New York

"From Bloomberg world, headquarters I'm Charlie palette. It is on to the second half of 2022 after historic route in the first half. Year to date, as we wrap up of the quarter and the first half of the year, the S&P declined 20 odd down a 20.5% NASDAQ was down 29.5% in the first 6 months of the year. The Dow was down 15.3%. Today, a move lower, stocks, deep out of the sell off deepened after weak consumer spending data, fueled worries about a recession. The S&P was down 33 points down 9 ten to 1% the Dow down 253 down 8 tenths NASDAQ down 149, a drop of 1.3%. The ten year yield 2.98% spot gold 1807, the ounce west, Texas enemy crude, one O 5 76 a barrel, WTI today, down by 3.7%. Bitcoin moved lower today. We had Bitcoin at 18,860. Recapping stocks lower with the S&P down 33 onto the second half down today by 9 tenths of 1%. After earnings, Micron Technology down 2.9%, I'm Charlie Palatin that is a Bloomberg business flash. This is Bloomberg sound on Bloomberg radio. Welcome back to sound on. I'm Emily Wilkins filling in for Joe Matthew on the fastest hour in politics. We are going to reassemble our panel Rick Davis, Jeannie shian zano. We've talked a lot today about the Supreme Court

Charlie palette Bloomberg Bitcoin Charlie Palatin S Bloomberg radio Micron Technology Emily Wilkins Texas Joe Matthew Jeannie shian Rick Davis
"charlie palette" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:37 min | 2 months ago

"charlie palette" Discussed on Bloomberg Radio New York

"Higher now by 13.8% S&P down 15 down four tenths I'm Charlie palette that is a Bloomberg business flash Number one gainer in the S&P 500 happens to be one of my gainers for the simulcast At least some stocks are doing well right now Yeah much better than we saw yesterday No it's been a tough it's been a tough haul for FedEx up late Yeah that's true That's a really good point right Perspective Speaking of perspective we'll get a perspective on the economy and certainly an update on monetary policy because tomorrow this time we will have had the fourth FOMC decision of the year This June meeting some have likened it that it could be fed chief Jay Powell's Volcker moment So let's get more on that Francis Donald is an economist and strategist for manulife investment management Francis joins us on the phone from Montreal this afternoon Francis how are you I mean I'm busy Yeah bet Forecasts and taking in a lot of data Well thank you for taking the time to join us And it's only Tuesday but I'm also really excited for this fed meeting I think it's going to be one obviously one to watch So here's my first question to you Francis 50 75 or 100 You know I'm not going to fight it The fed has somehow I've never seen this in my career engineered in monetary policy shocks during a blackout via news channels Sometimes you just have to go with the flow and these things 75 basis points looks like it's priced in But that's not what I'm watching for tomorrow What I want to see is one of two things either any information about just how high we're going to go this year And whether we're simply bringing in front loading all those hikes in and then also any sort of notion from fed chair Powell about whether he's concerned about recession risk we've seen this from some other central bankers What does the unemployment rate look on those summary of economic projections Because it is possible we get 75 basis points but there's a nod to downside risk So if we haven't seen yet for a while and I think those are going to be more relevant for a lot of this market than the 25 basis point variation we could see All right so Francis I still love talking with you What I wanted to say is on the Bloomberg terminal on this flag day is also a story that traders are betting the fed will cut rates in 2023 after steep hikes You know I do feel right that there is it's not too soon to be talking about the fed cutting rates No of course not I mean the average time between the last hike in the first class historically has been 8 months we're in a compressed cycle So that's what my team did today We thought okay well we had a more steady rate hike cycle that had a speaker in it We're reassessing that and thinking you know what maybe this is a fed that is more comfortable front loading a significant amount of hikes into 2022 but I'm only gonna add that into my forecast If it comes with a cut in 2023 and 2024 and I got to tell you I've been on the road with some long-term investor clients over the past couple of weeks and you'd be surprised how many of them are asking me about what the next easing cycle looks like And that's not right For me We are now almost every model that you look at is going to tell you growth is real darn low in 2023 Second quarter recession or not we got to start talking about what the implications are for the next three years And the bond market is thinking about that now I wonder if you're opening act with Jim bollard as you were on the road because Jim bullard is at this point got to be saying I got this right I've been talking about this for a long time Interesting So can the markets deal with we've had a lot of whiplash already Put pandemic everything falls off a cliff lots of stimulus everything bounces back in a big way We're seeing another drop off a cliff high rates I mean is this just what we need to get through until we get to some sort of normalcy Again we'll things start to then settle down because the supply chain inflation that stuff the fed can't fix They can certainly reduce demand but they can't fix that stuff overnight The issue is that at the beginning of the year I certainly felt like the fed tug of war was going to be between inflation and jobs And we're running all the charts that we have now on unemployment and it looks like you're going to see a rise in unemployment but magnitude of which we're not sure of So the initial call that I had at the beginning of the year was that the fed's going to have to focus on the second part of their mandate And yet what's occurring right now is not a set that's concerned about a rise in unemployment In fact it looks like they're intentionally engineering one But avoiding a financial accident is going to become very relevant here Look at credit I mean we have IG ETFs that are the same levels they were in 2020 when we had massive fed action Now it's more rooms and that's an important distinction here But we're looking at I suspect that the tug of war that fed feels right now is not inflation versus employment but actually inflation versus making sure they're sufficient liquidity and no financial accident ahead What would that financial accident look like At this point it's never what hits you between your eyes is what takes you in the back of your head but we do need to watch some liquidity in the bond market We do need to watch for disorderly type of moves that happen across asset classes These are all things that need to be monitoring and some of the tools that the fed has at its disposal are things that we've been discussing in the last few days that we may see some sort of need to protect certain areas of the market ahead And this is really the fed to challenge is how do they tighten financial conditions in an orderly fashion I don't have particularly high hopes Does it bother you that both the Bond and stock market are trading in cahoots if you will and just got about 30 seconds But correlations are positive is of course very challenging in the asset allocation space So you can extend your investment horizon But I do believe that the equity market has priced in a good amount of the growth slowdown We're heading into what hasn't is the bond market And every time the fed has hiked into a more difficult economic environment we've seen rates ultimately decline So I do expect the stock bond correlation to turn negative again sometime in the next few months Maybe not tomorrow Don't tell my the rest of my guests but you really were my favorite interview already for the day because I think so important So much you had to say Nobody else is listening Sorry everybody Princes Donald she's economist strategist at manual life investment management on the phone from Montreal This is a Bloomberg progressive presents today's to do list for your cat Take a nap you know till I get food get.

Charlie palette Francis Jay Powell Francis Donald manulife investment management fed FOMC Jim bollard Jim bullard FedEx Montreal Powell S Princes Donald manual life investment managem
"charlie palette" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:12 min | 2 months ago

"charlie palette" Discussed on Bloomberg Radio New York

"Points down 3.3% our coverage on the market soft continues I'm Charlie palette that is a Bloomberg business flash All right Charlie pellet good stuff We appreciate it Let's bring in shiny basic Why Because it's Monday and we talk Wall Street on Mondays with basics She's on Wall Street reporter Joining us here on we talked to Wall Street all day long To be honest We should have on like every 15 minutes I know Why don't we do that So that you send me out into the world so I can go talk to investors and come back with what they're doing What are they doing They're selling they're selling everything here What are you hearing from some of the pros you talk to It's so interesting So while you're seeing folks selling you're also seeing them wait before they buy So last week we spoke to a lot of very senior investors at Apollo which is known for getting in at tough times in times of distress And one thing they mentioned to me and this is a deputy head of credit and their head credit trader is that listen spreads are still relatively tight when it comes to risky debt markets However issuance has also been down meaningfully about 75% This year so credit will later this year get to a level that is really attractive for investors that look at this sort of thing The other thing that's happening is that you got to think about how much this is going to hurt the companies that have a lot of borrowing on their books Remember rates are rising in the rising pretty quickly and what they're saying is that the cost of capital is going to rise 200 to 300 basis points and companies that had been generating 8% in free cash flow will now be flat or burning cash just from the impacts of rising rates alone So that's like barring inflation So you have to think about the carnage that could still be ahead even with all the red that you're seeing in the market So what do you do about that What do we know as far as winners and losers If this were ESPN and we were talking about the national hedge fund league you'd be Scott van pelt Who would be who would be on the leaderboard right now You and I have talked about it so much All of those hedge funds right That are getting into or that have been into those big growth E names have been really struggling The Tiger cubs have gotten crushed Yes And we know that We know that So one thing to ask yourself now is Kathy wood And I want to tease We have a really awesome interview coming out later this week So this hour time frame we should revisit this interview Investors are selling their hedge funds just that on tech are you throwing out the baby with the bath water here Maybe you should be buying the dip in the best names in those hedge funds as well because they'll be able to play the growth story coming out of this one day Now the other probably want to wait for a capitulation right Not this slow and orderly grind down losing two to 3% every day Well how about this I mean just in terms of capitulation S&P 500 volume today right up until right now 29% higher than a previous 30 days So and you know can I tell you something about this too Okay What do I need to do Capitulation One way that investors are very popularly flocking to the idea of capitulation is rolling put options And that is something now many investors put options What's that mean Downside protection Options that protected on the downside So the thing is that is not according to the large tail investors and trend followers these are large large hedge funds that focus on this they're kind of starting to warn against that They're saying that's not really the best option to protect yourself in this market It could get more expensive to buy those options So I think that's a very controversial strategy right now that people are using to protect themselves on the downside that a lot of smart minds in the room are also saying that maybe it's not the best way to hide So we do watch though the put call ratio We did and we actually put the graph up there and it's a high that's what I'm saying I know I know but Paul and I have been looking at it today and it's actually not terribly disturbing right now We're not nearly back to the levels we saw in March of 2020 And that's what I'm saying It's not that those levels yet And if you're thinking about it some investors are saying you know and we'll talk about it later Wait what's this interview you were talking about You got a good interview Sure I just had an hour with cliff ass Ness Wow Thank you Is that double digits this year Are doing very well Yeah Yes So what are you saying Rolling productions But the thing is like look at this We have a story out on the tremble now not my story Really great story by Denise gova and Tessa's voices that says I know sorry if I watch my own colleagues names traders pounce on recession hedges at the fastest pace since 2020 In times like these you see herd mentality And some things have traditionally worked You know you see black people buying CDS We've seen them do that before And it works sometimes but you know will the CDS buying dollar buying put option buying strategies work in a market Like this I think that will be fascinating to watch All right This year Bass a good stuff Wall Street reporter Bloomberg who's in our Bloomberg interactive broker studio And when is your gonna have your little interview with mister give me a couple of days we'll end it up and send it over to you.

Charlie palette Charlie pellet national hedge fund league Kathy wood Scott van pelt Apollo ESPN Denise gova Paul Tessa Bloomberg
"charlie palette" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

07:26 min | 2 months ago

"charlie palette" Discussed on Bloomberg Radio New York

"Bloomberg baste I'm Charlie palette featuring an exclusive conversation with Citadel CEO Ken Griffin He was at the Bloomberg intelligence market structure three conference and spoke with Bloomberg's francine lacqua here they focus on volatilities impact on investment strategies So active investment is I mean drives drives our equity markets In fact this is one of the real apprehensions that I have with a number of the SEC's most recent policy proposals Is they are reducing the ability of active managers to deploy capital and to earn the benefits of their research The great savings of American retail investors by having access to index funds is predicated on markets that are efficient markets are efficient because of active investors So ironically one of the great sea changes in our lifetime has been the rise of passive investing It has saved American households countless tens of billions or hundreds of billions of dollars I mean the numbers are staggering numbers And the SEC in their effort to make active investing in less attractive I mean this is like the policies for the equity market that parallel our energy policy use of the last two years We've got higher prices gasoline at the pump because of poor decisions out of Washington And we're about to make our markets less efficient if the SCC's agendas pursued So how do you change the equity market The U.S. equity market is unquestionably the envy of the world It is the single most efficient competitive market in the world hands down Now this doesn't mean there's not rooms for improvement I mean to be clear it's like it's in a variety of technical details that isn't that interesting We published plenty of white papers and comment letters on this I think I put the audience to sleep in about three to four minutes Not if you do it in 20 seconds Yeah but I can't I can't do it in 20 seconds because it's just not that interesting And it's all highly technical So to be clear there's room to improve the U.S. stock market But the most important thing we can do for the U.S. stock market is to ensure that we have a very vibrant and community of active investors that engage in research price discovery and commit their capital against what they're doing That's the most important thing we can do to make our equity market really serve the needs of corporate America and the American public The other thing we need to do is when you think about how do we make the American equity market attractive to corporations to be a part of The rise of private equity is really a testament to the difficulties and challenges of being a public company We should think about how do we have far more companies be public companies where their success is enjoyed by American investors saving for the retirement or otherwise And everything that we keep piling onto the list of obligations and responsibilities for public company discourages that from happy We've seen thousands of fewer companies in our public markets today than 25 years ago And that's really I have to say but shame on Washington for really forcing so many investment opportunities outside of the line of sight of the American investing public So you don't think this comes from a place of actually trying to keep more people safe when it comes to public money Wow So if we're going to try to force everybody into T bills that hasn't worked so well The American investor and T bills over the course of the last two years has lost about ballpark 15% of the real savings So I'd call that a really big policy failure if we think safety is everybody in American public health investor money T bills I want to talk about liquidity Is there going to be a liquidity problem in the markets And is that one of the biggest concerns that markets are actually not talking about You know I think that the people use the word liquidity in a very loose way okay And there's various forms of liquidity that matter to markets in various ways The biggest challenge we have this year in the market with respect to liquidity is the very low rate of new capital formation So we're seeing a real dearth of new equity market deals IPOs And that's problematic because that's the lifeline of the entire venture capital system which has been so important to the American growth and productivity story So fewer IPOs fewer ability to exit investments for VC firms leaves us short capital to invest in the startups of tomorrow But why is that COVID There's a litany of reasons and part of it is people are dealing number one Their losses and their growth stock portfolio Number two is chaotic market environments become all consuming with respect to your current portfolio And you just don't have time to look at new ideas How has COVID changed the way you work and how a hedge funds work That is very mixed across the industry One of the big changes for us was the lack of access to corporate management teams We are so intertwined with corporate America and trying to understand business models the value proposition for consumers how they're going to take the business forward in terms of new R&D and new projects losing that connectivity to corporate America We went to a world of Zoom based calls that became very anodyne That was a big loss and that was a loss for efficiency in markets So the last few months have been a wonderful sea change that we've had so much more connectivity back of the companies that we support and back in understanding how they're going to evolve their businesses For us the world post COVID looks very much like the world pre COVID We're all back at work around the world that sit it out apps in a few jurisdictions in Asia And that collaboration within our four walls I think it's been an incredibly important part of our success story over the last two and a half years It's something that I wish all of corporate America would embrace because what you see and there are more and more studies emerging on this innovation and creativity fall in a remote remote workforce And for us so much of how we create value in one form or another involves creativity innovation and having everybody back together has been really powerful in driving forward our overall business And it hasn't hurt keeping talent or hiring You know what We lost a handful of people over the course of this journey You know let's be clear The first two or three weeks back for most people was like oh I can't believe they made me come back to work And then in December when we saw omnikron we accelerate we told everybody in D 14th go home for the holidays And most people kept coming to work So what it's really a statement about is where creatures of habit And when your habits turn back into I go to work you start to say things like I actually enjoy the separation of my personal life and my professional life I mean I can't tell you how my colleagues are like you know it's actually really nice to be in a room and not have to deal with managing 25 different structures at home So I think most importantly we're creatures of habit whatever those habits may turn out to be But for us the chance to collaborate the chance to work together the chance there's been so many meanings over the last two and a half years in front of whiteboards with new insights new concepts that would never happen in a Zoom based world Citadel has made money when a lot of people haven't What's your secret sauce Look I think I just spoke about the most important one It's the fact that we work together as a team That's Citadel CEO Ken Griffin speaking with Bloomberg's francine.

America Ken Griffin Charlie palette francine lacqua Bloomberg SEC Citadel SCC Washington VC firms Asia francine
"charlie palette" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:53 min | 2 months ago

"charlie palette" Discussed on Bloomberg Radio New York

"I'm Brian shook And I'm Charlie palette 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 swiper is director of U.S. rates strategy at Bank of America securities And over the past few weeks we've definitely 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 thus doing its job and tightening financial conditions Meghan's swiper of Bank of America's 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 You know we're not net importance 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 doubt you 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 analysts in more than 120 countries I'm Charlie palette This is Bloomberg I'm Barry rid holtz you're listening to masters and business on Bloomberg radio My extra special guest this week is Adam Parker He is the CEO and founder of tri variant research a private independent research shop previously he was an analyst and strategist at such firms as Sanford C Bernstein and Morgan Stanley So let's start talking about you sitting on the investment committee at Morgan Stanley which is about $2 trillion in client assets I don't know if it was that when you were there I think when I was there it was two who knows what this E trade thing it might be three I have no idea what the cost That's a lot of wood Tell us what it's like to be responsible for that much money Look there was a 7 person committee everyone on there was hey one 7th of $2000 is still a lot of money Yeah Yeah I don't know how much of that you know I felt responsible for it I was the equity guy that were bond experts There were four international experts and alternatives But fortunately I was there during a period where straight up yeah I just sort of said look you guys can own whatever you think makes sense but I'll take 20 U.S. growth stocks and I'll meet you in 5 years and basically that works So I can look back and say I generally gave good investment advice because I just felt like we were in by the dip mode It was pretty clear that U.S. equities look better than other asset classes Look I generally think that still berry which is that I'm getting a two to a half percent net buyback plus dividend I get some organic earnings growth of a few percent So I think the U.S. equity market looks like a 68% total return algorithm Normal Yeah normal and that looks a lot better than most of these other things And I never really understood the case for owning I mean it got a little bit in trouble back in the day when Morgan Stanley went I would say stuff like Europe is great for vacation but not for stocks Which is by the way turned out to be exactly totally a decade Yeah we had a two year period where it has been good for vacation but I think it will be again this summer but I think generally that's been right And so I felt like it's important to hit on the importance of your equities But I don't really know you know today I think the problem would be different and more complex I think recently we've seen the news fidelity say they're going to offer crypto for retirement plans And there's other kind of diversifying things happening And I think alternatives people have a different view now than they did 5 6 years ago meaning maybe people now realize that some of private equity was a leopard Rates call and so the private markets have been a little bit more richer valued before they come public You know it's been some evolution in the last 5 6 years since I've been doing that but generally I think I felt responsible for making clear that U.S. equities had a pretty important and big place in the portfolio And I think as you know better than me much better than me how rich you are to start out with really impacts the proper allocation Of course the question is are you trying to create wealth or preserve well And that makes it a bit different Huge So I want to get a sense of what it's like to be on a committee responsible not for two or $3 billion but for $7 trillion is it all 30,000 foot macro view or does it get more granular do you dig into sectors stocks How specific does that committee get I think for me I've always been more about the industry as a sector as the microstructure of the market And it was hard for me to be sad to get higher level because as you're pointing out correctly people were just trying to get the mix of equities and bonds correct They're a mix of U.S. versus non U.S. correct I don't remember how much of that money is qualified for alternatives but that stuff obviously has a bit of a different flavor to it So it was pretty high level stuff I'm not an economist so I didn't really get into that there are definitely some other fixed income people focused on that So I think generally at least in the last decade most people thought race were going to back up and they've been wrong until the last 6 or 9 months So there was sort of pretty easy to like equities over bonds So let's talk a little bit about starting with I love the name tell us what it means and how you can't get out It's totally a self serving name Look I was the number one ranked animal set of PhD in statistics and then I did strategy So I feel like the three buckets of investing the three variables investing quant fundamental and macro When I started a hedge fund I called it trivia capital just thinking that I'll go tell allocators that I'm kind of considering quantitative things and macro things and fundamental things as part of my investment discipline And we ran a tremendous capital for a while It closed down and converted it to a research firm in the middle of 2020 2021 And just kept the name I had a fancy logo That looks amazing so I didn't want.

Bloomberg Brian shook Bloomberg world headquarters Bank of America securities Meghan Jo Anne Feeney U.S. Joanne fini Vinny del giudice Commerce dep Charlie palette Adam Parker tri variant research Sanford C Bernstein Morgan Stanley Federal Reserve
"charlie palette" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:25 min | 3 months ago

"charlie palette" Discussed on Bloomberg Radio New York

"I'm Charlie palette that is a Bloomberg business flash Rest in peace right Charlie Exactly I was around for the Walkman and of course everybody in our audience raise your hand if you remember briefly the zune I do not remember that All right big headline this week and it was an unfortunate one The U.S. losing a million lives from COVID-19 the pandemic as you know far from over Throughout the pandemic though a key concern was all about keeping people healthy watching out for those crucial workers in healthcare So here with that side of the story doctor Ronald paulus he is a strategic adviser at strong line which provides a wearable staff safety system for healthcare workers He joins us on the phone from Santa Monica California Doctor Paul is nice to have you here with Mike Regan and myself How are you I'm well And thanks for having me on the show Well it's great to have you here Tell us a little bit more about your company exactly what you what the devices that you guys provide healthcare workers Sure Come here strong line is essentially a wearable pennant button For healthcare team members who often find themselves sadly in circumstances where they're at risk for violence Most people don't understand that 75% of all workplace assaults occur in the healthcare setting and a recent survey showed that 92% of healthcare caregivers experienced their witness workplace violence just in the last month And so what we provide is this small wearable panic button when the team member presses that button in knows who they are where they are notifies people that are nearby so that they can come and assist with deescalation and it also notifies security or other people who are subscribed to receive those alerts I'm wondering what's the source of that violence is it mainly patients who are maybe going through some medical trauma and some reaction to medicine What is the source of this danger to the healthcare professionals Yes So it's a great question So 80% of all of the workplace violence events in healthcare do come from patients who may have mental illness or frustrated or what have you but 20% are a mix of family members which has been an increasing percentage of the total with the pandemic Very rarely coworkers and various sundry others But the majority of patients and family members And what kind of things are we talking about You know it varies from verbal assaults to wholesale murders In my experience when I was the CEO of a North Carolina health system we had a nurse that was so roughly handled that she ended up having to have her shoulder replaced We had a environmental services worker that had a makeshift screwdriver and thrust through his neck and these are the extreme examples but 80% of all nurses are assaulted at some point during their career So this is a much more common thing than should ever exist You know talk to I'm wondering during the pandemic there was a lot of concern that doctors and nurses were being overworked They were at greater risk to perhaps catch the virus There was a lot of worries that this would really sort of crimp the supply of people who want to pursue healthcare as profession Is that still the case do you think is that improving based on your dealings with people in the industry Yeah I think that's a very valid concern I'll start with nursing because nursing tends to be older than the rest of the population There's a backlog of nursing faculty that's slowing down the trending of new nurses And with the pandemic many nurses have simply said you know I've had enough Interestingly a survey by McKinsey and company in February of 22 Noted that nurses considered the safety of the work environment as their number one factor above work life balance or pay or other kinds of things in terms of where they choose to work And similar things are occurring amongst other members Well and we've talked with a lot of employment agencies especially with in the healthcare sector and we just see increasingly people leaving the industry because of some of the stresses and strains Doctor Ronald paulus thank you so much And enlightening interviews strategic adviser two strong line joining us from California Let's go back to D.C. and Nancy Lyons for world of national news Hi Nancy Thanks Carol Congress is expected to act quickly on a stand-alone Bill to send more money to Ukraine the president of the European investment bank Werner hauer Says there are costs beyond just fighting the war he says rebuilding Ukraine will run into the trillions I'm pretty sure we're talking not about billions by about trillions when it comes to the full reconstruction of Ukraine And this is a challenge for the entire world community who are says Ukraine is currently sitting on €8 billion worth of wheat that it can not export because it's lost access to the Black Sea He says unblocking the seaports is crucial to fixing Ukraine's issues with trade Democrats on Capitol Hill are putting more pressure on Wall Street to own up to whether it's profiting off the war in Ukraine Bloomberg's Nathan Hager reports Senator Elizabeth Warren and congresswoman Katie Porter have sent letters to JPMorgan CEO Jamie Dimon and David Solomon of Goldman Sachs their demanding lists of clients who have been on Russian government and corporate debt since the Ukraine invasion They also want tallies of any trades the banks themselves have handled Both banks have said they are pulling back from Russia since the invasion and are focusing on supporting clients in managing or closing preexisting obligations but Warren tore into the banks in early March That's after Bloomberg news reported JPMorgan and Goldman were both purchasing Russian corporate debt In Washington I'm Nathan Hager Bloomberg radio Elon Musk says he will reverse Twitter's permanent ban of former president Donald Trump if his plan to buy the social media platform goes through Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts and more than a.

Ronald paulus Charlie palette Mike Regan Ukraine Santa Monica Charlie California Nancy Lyons Nancy Thanks Carol Werner hauer U.S. Paul North Carolina McKinsey Nathan Hager
"charlie palette" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:48 min | 4 months ago

"charlie palette" Discussed on Bloomberg Radio New York

"Three months report actually a good last 11 month report over 450,000 jobs And we think about moving forward into 2022 1.6 million people still need to return back to the workforce How do we get those folks back to work Labor secretary Marty Walsh Now what about the broader economic backdrop Julia coronado is the president and founder of macro policy perspectives We're seeing GDP tracking slower in Q one and that was sort of the intention of a lot of the removal of policy was to slow down the economy and cool it off And so we're going to we're already seeing some evidence that that's taking hold I mean of course the consumer is very healthy strong job market good balance sheets It's not necessarily a worrisome slowdown Julia coronado of macrophage perspective Stocks hire a winning week the S&P today up 15 points up three tenths of 1% The Dow up 139 up four tenths NASDAQ up by three tenths of 1% 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 I'm Barry holt you're listening to masters and business on Bloomberg radio my extra special guest this week is pimco cofounder Bill gross Better known as the ban king at one point he managed the pimco total return fund as the world's largest mutual fund with nearly $300 billion in bonds He advised the treasury on the role of subprime in the financial crisis and was named Morningstar's fund manager of the decade So let's talk a little bit about this book which generated a little bit of controversy People blamed you for just seeking to settle scores Tell us about the book and what motivate you to sit down and write it Well I'd written about 20 years ago and I didn't really think at the time that I had another book in me Sort of like Ronnie writing novels I guess After the first one it's all downhill But I was in touch with Mary childs for 5 or 6 years Certainly after I left him go we were not good friends but she would interview me occasionally And so I was alerted to the fact that I read something on Apple books that I booked by Mary childs was coming 12 months in the future And it had a respective cover on it Described to me on the cover as ruthless and.

Julia coronado Marty Walsh macrophage perspective Stocks pimco Charlie palette Barry holt Bloomberg radio Bloomberg Bill gross Mary childs Morningstar S treasury Ronnie Apple
"charlie palette" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:16 min | 1 year ago

"charlie palette" Discussed on Bloomberg Radio New York

"Thanks very much, Charlie Palette there with your Bloomberg business Flash. I want to get to Alison Witherspoon. She is the chief Mark meant no, no. Sorry. Sorry I was. Let's go to our good friend Dave Wilson got a date first, then then we're going to go to Al. Yes, Exactly. First. Dave Wilson at the small cap state sounds like a plan that smaller companies bigger gains. That's the story of the day. The Russell 2000 index up about 4/10 of a percent. As investors await the annual reconstitution of Russell's indexes, which plays out after the close the S and P 500 up 2/10 of a percent by comparison. Now the Russell's biggest game belongs to asthmatic or pharmaceuticals is taking his OS Mt. The drugmaker has gained 37% after Green to sell some products and Georgia plant To the company allure of pharmaceuticals that deals valued as much as $170 Million Express ticker. Xpr has risen about 18.5% of the apparel retailer and mean stock has moved higher every day this week. It's up more than 50% for the week. Synchronous technologies take us, NCR has added 16.5%, the maker of phone companies software completed a stock sale. It raised $100 million. The rest of steep drop belongs to cow AMP. Ticker C. A. M P communications equipment maker has lost 10.5%. Cal AMP expects the biggest impact from global chip shortages. To occur in the current fiscal quarter and their advanced bio farmer ticker T B P H has declined more than 8%. The direct developers sold $100 million of stock. 12.3% less than yesterday's close. All right. Thank you so much. We appreciate that. That's Bloomberg stocks editor Dave Wilson. Well as I mentioned earlier, it is Pride Month and here in New York City, the NYC Pride Parade will take place this Sunday. We want to check in with Alison Witherspoon. She's the chief marketing officer for Nissan. Alison, Thanks so much for joining us love to get a sense of how You guys at Nissan are, you know kind of aligning yourself or interacting with this community here as we celebrate Pride month. Yeah, absolutely. I think we are very proud to be a part.

Dave Wilson Charlie Palette Alison 16.5% $100 million Nissan 10.5% 37% New York City 12.3% Bloomberg Alison Witherspoon $170 Million Pride Month more than 50% this week First more than 8% Georgia about 18.5%
Dow's down over 500 points as stocks hit lows in final hour of session

Bloomberg Businessweek

00:40 sec | 2 years ago

Dow's down over 500 points as stocks hit lows in final hour of session

"World Headquarters. I'm Charlie Palette. We move in the final hour of trading on this Wednesday, September 23rd, but Dow, the S and P. NASDAQ, or all declining, In fact, right now, the S and P 500 index is at session lows. Let's get right to the numbers. I'll give you the story is Hawaiian. Just moment P down 68 points right now, that is a drop of 2%. The Dow was down 474. Decline right now off 1.76% NASDAQ Lower now by almost 300 points down 299 for NASDAQ that is a drop of 2.7%. The NASDAQ composite Index lower right now, by 2.9%.

P. Nasdaq Charlie Palette World Headquarters
"charlie palette" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:54 min | 2 years ago

"charlie palette" Discussed on Bloomberg Radio New York

"Appointed inflection of where does the economy go from here to corroborate the market's Lou Sartor sectors of the market that still offer opportunity is strong consideration what's taking place on the geo political side this is another element that have to go to the calculus of the Denis finds strong expected return sectors within the stock and bond markets the ten year down three thirty seconds of the old point six nine percent gold up six tenths of one percent seventeen nineteen the ounce and West Texas intermediate crude up two point three percent thirty three fifty nine a barrel American Airlines group cutting thirty percent of its management and support staff for about fifty one hundred jobs airlines as a group move lower today American Airlines group down eight point four percent you A. L. was lower by five point nine percent delta down two and a half percent southwest lower by three point three percent also Boeing they have to cut defense today after the planemaker resume production of the seven thirty seven Max Boeing shares up today by two tenths of one percent recapping S. and P. down two tenths of one percent I'm Charlie palette that's a Bloomberg business slash I've never seen anyone in that class the card people's movement the purpose of the costs a little more Bloomberg business week movers and shakers with Carol Massar and Jackson Keller on Bloomberg radio time take a look at some of the winners and losers movers and shakers on this Thursday afternoon of course Charlie breaking down those closing numbers.

Denis Carol Massar Jackson Keller Charlie Lou Sartor West Texas American Airlines A. L. Boeing Max Boeing Bloomberg
"charlie palette" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:56 min | 2 years ago

"charlie palette" Discussed on Bloomberg Radio New York

"News twenty four hours a day at the Bloomberg dot com the Bloomberg business the Bloomberg business world headquarters sign Charlie palette of blackrock employee here in New York has tested positive for corona virus and we have also gone for the day New York officials will be closing of public gathering spaces in new Rochelle in an effort to slow down the spread of the corona virus outbreak the Dow the S. and P. nasdaq they're all dancing wild session another wild day on Wall Street stocks turning higher as investors await details on the trump administration's expected stimulus to combat the corona viruses economic output impact it should say treasuries fell oil jump right now West Texas intermediate crude surging eight percent thirty three fifty eight a barrel Brent up seven point six percent thirty six ninety eight for a barrel of Brent the ten year the yield on the ten year now point six five percent S. and P. up twenty eight points higher by one percent the Dow up one hundred ninety five up eight tenths of one percent and nasdaq up one with the three points out of the game one point three percent gold lower by one point two percent down twenty dollars now sixteen sixty four an ounce of the precious metals recapping the oil rally West Texas intermediate UP seven point eight percent S. and P. off by one percent I'm Charlie palette that is a Bloomberg business slash copyright battle over led Zeppelin's iconic stairway to heaven one jury trial and to replace at the ninth circuit has resulted in a win for the band and for the music industry joining me is intellectual property litigator Terrence Ross a partner.

New York treasuries Brent Zeppelin Terrence Ross partner Bloomberg Charlie blackrock P. nasdaq West Texas Texas
Market Update: S&P and Nasdaq at record high, China reels from virus induced slowdown

Bloomberg Businessweek

01:08 min | 2 years ago

Market Update: S&P and Nasdaq at record high, China reels from virus induced slowdown

"Pellett just getting the latest numbers out of Boston beer shares are lower after earnings down by roughly four percent Boston beer reporting EPS for the fourth quarter that miss the average analyst estimate fourth quarter EPS dollar twelve estimates or dollar fifty four Boston beer's fourth quarter net revenue three hundred one point three million dollars estimates two hundred eighty three point eight million dollars again shares down by roughly four percent stocks advanced on signs China may be planning further measures to support its economy as a reels from a virus induced a slowdown also after federal reserve officials signaled they are not anxious to raise interest rates anytime soon S. and P. and nasdaq both at records today with the S. and P. up fifteen up five tents nasdaq up eighty four that was a gain of nine tenths of one percent the Dow of one hundred and fifteen points up by four tenths of one percent ten year yield one point five six percent gold up six tenths of one percent sixteen eleven the ounce West Texas intermediate crude of two point three percent fifty three twenty five a barrel recapping assn P. up fifteen up five ten sign Charlie palette and that is a Bloomberg business

Pellett China Boston Analyst West Texas Charlie Bloomberg
Stocks End Day With Push to Gains

Bloomberg Businessweek

00:27 sec | 2 years ago

Stocks End Day With Push to Gains

"It was an all day on Wall Street water reversal with the Dow surging one hundred twenty four points up four tenths of one percent S. and P. up ten a gain of three tents nasdaq up twenty three are by three tenths tenure the there one point five eight percent gold down one tenth of one percent West Texas intermediate crude down seven tenths of one percent again repeating on Amazon shares surging after ours big beat their up by thirteen point five percent I'm Charlie palette and that is a Bloomberg

Bloomberg West Texas Amazon
Ring admits employees have improperly accessed customers’ doorbell videos

Bloomberg Daybreak: Asia

00:42 sec | 2 years ago

Ring admits employees have improperly accessed customers’ doorbell videos

"US Amazon says its ring subsidiary fired for employees for improperly seeking access to customer data over the last four years more from Bloomberg Charlie palette it is the latest of privacy headache for the video doorbell maker required in twenty eighteen Amazon's vice president of public policy Brian huesmann said quote although each of the individuals involved in these incidents was authorized to view video data the attempted access to that data exceeded what was necessary for their job functions he was responding to an inquiry from five democratic senators about the company's privacy and data security practices ring has been beset by allegations of privacy flubs in the last year Charlie Pelham Bloomberg

Amazon Vice President Brian Huesmann Charlie Pelham Bloomberg Bloomberg Charlie
"charlie palette" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:17 min | 2 years ago

"charlie palette" Discussed on Bloomberg Radio New York

"Five that to a drop of one tenth of one percent that fed decision by the way heading up to fifteen Wall Street time our coverage leading up to that will be throughout the day on Bloomberg television and radio join us at two PM Wall Street time gold up two tenths of one percent fourteen sixty four the ounce West Texas intermediate crude up one tenth of one percent fifty nine oh nine apparel recapping stocks lower S. and P. down three a drop of one tenth of one percent I'm Charlie palette and that is a Bloomberg business slash Charlie thanks a lot you're listening to Bloomberg businessweek well earlier today I got to catch up with Kip T. V. here he is the head of credit over at aeris well known investor alternative investor they've got about a hundred forty four billion dollars would be in total assets his piece of it is about a hundred and ten billion because they really are a credit chop right publicly traded so they you know they engage in the market in that regard like the Blackstone to the K. K. ours and others of the world little under the radar screen Tony Ressler is the founder and chairman Mike you're getting the CEO that kept has been sort of right there really building the credit business let's hear a little bit about this conversation and what he had to say about investor anxiety the markets have obviously all rallied how for handful of years so I think there's a wealth effect spilling over the consumer where they feel comfortable spending I think when you flip that overtook corporates and talk to the CEOs in our portfolio and prospective portfolio companies it's again this nervousness right there's not a lot of policies certainty whether it's the trade situation it's the upcoming election and I don't think there's pessimism I think there's just nervousness and may be more patient behavior for the time being kind of a wait and see approach yeah there's been some waiting and seeing as it comes to when it comes to going public publicly traded companies especially those have been finishing events over the course of the year it also feels like in twenty nineteen we did see this disconnect of a sort between the private markets and the public markets you play in both the in a lot of ways what accounts for that and where does it go from here I think more than anything else it's become more complicated and more expensive to be a public company.

Kip T. V. aeris K. K. Tony Ressler founder and chairman Mike CEO Bloomberg West Texas Charlie one percent hundred forty four billion dol
"charlie palette" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:07 min | 3 years ago

"charlie palette" Discussed on Bloomberg Radio New York

"Q. U. A. W. K. on your terminal Charlie palette and that is a Bloomberg business flash Charlie thanks a lot you are listening to Bloomberg businessweek Chasin Kelly and Carol mass we're live from Charles front impact conference is the industry's largest gathering of independent financial advisers this is Bloomberg this event is all about registered independent financial advisers and speaking of that swab advisor service is releasing its latest independent adviser outlooks study something that will give you insight into what's on the minds of advisors and their clients and it has a lot of things like recession market volatility will get into that let's talk to Bernie Clark his executive vice president head of Schwab advisor services Schwab advisor services group member of Charles Schwab's executive committee and he joins us on site at the shop impact converts and I'm going to do my darndest to prevent he and Jason from talking about basketball because it could go there he's the same town I would have called the east in the past so nice to be with you on that so you're just up onstage talking the talk yes sex rob tells a lot about that and you know we were saying how much he's a real guy he's a genuine guy he's seen a lot and certainly in this industry and as its of evolve tell me a bit about that conversation it was it was such a pleasure and an honor and I I do see check around the building and we have meetings in those kinds of things but getting in front of our advisors and having him again kinda recounts his story of independence in trying to make sure that the focus is always on the client I I often sick sometimes when I have most my most complex issues and you talk to talk about it they'll say something as simple as what does the client wants in you'll walk away with your tail between your legs and you go do what the client wants right its focus that's right and so tell us what you found in this survey because you know we've been talking with some of your colleagues we obviously talk to CEOs economists you know occasionally you know well Carol doesn't talk to regular people because not I I know but you know what what are people feeling right now it's hard to get a read necessarily on on the mood of the consumer especially which feels deleon's purses a company which feels a little more cautious when your advisers saying to you it when you Sir yeah it's it's you know the study itself is so useful because we've done it now for thirteen years right and we can track and we can look back on on when certain market for doing certain things but if prices right now they're a little less optimistic now remember we we feel to the study in September yeah and that wasn't quite yet at the point of escalation we've seen a lot of ups and downs after very messy August Messi August and now we've we've seen a resilience and in the market yet again and and so I think what you're seeing is advisors planning for the long game which they always do they're seeing their clients are a little more anxious than they are which we see in the retail space as well right individuals without help in and get a manager to such we're also seeing a slight generational divide windward somebody can axes in the millennials are feeling a little more anxious on the borders forty one of the discussions about public versus private market because I feel like that has become a certainly a topic at the top of our list when it comes to anything and everything and I'm just curious were you guys see it and what does it mean for advisors and their clients but you know advisors are a really wise and that they are dedicated to their clients and in there so many implications between public and private the transparency is really the the critical feature of all of it right in making sure us is a transparent custodian for them of fully regulated with virtually all regulators is a good thing to secure those assets and advisors being able to take care of the needs of their clients without the entanglements the sometimes come along with with company participation and so I would go back to something you said that this generational divide because we talk a lot about that as well a down expectations as employees but I would imagine this is a lot about expectations as investors and his advisers so how are they viewing the world differently and and what's influencing that they're they're certainly a lot more cautious in their in their secret divide within the next generations right because you have some who came through periods of prosperity and sort out there others who started as a owner or mortar clashes is that what you see exactly interesting yeah yeah because they grew up in it the growers auto but it happened to their parents or their parents and their families and what they went through it again depending on the orientation of with you started well to do and kind of the road some of that or whether you went the other way right yeah I just talked to it with you know the younger generation my family whether it's nieces and nephews and there is a real distrust of established companies that have been around for a long time they're much more interested in the upstarts and you know it's certainly impacting the traditional industries I want to ask you something because only about a minute or so left tell me about swabs plans for building up capacity maybe more like a bank and what you guys are doing yeah I I always find it interesting when people say just what becoming a bank banking is part of your financial services right and it's cricket critically important what you set out to do initially right no no but but into grading them now right let let's remember when when Chuck started his dream people really worn in the markets right institutional investors when the markets the ultra high net worth this now is been democratized and banking any and broker dealers have really are more can and in the next generations what all those services the banking services well is the broker dealer service so it is gonna be a bigger important part of doing going forward Loui we're going to continue to grow it in any any ease about capabilities and services for clients it's not simply about where the revenues being generous so what kinds of services like are we talking mortgages are absolutely ever made the good thing about the other side of the balance sheet the lending side of the balance sheet incredibly important for advisors integrating their broker dealer accounts if you will into banking accounts as well checking savings the kinds of all of it that everybody really needs and just briefly adding people may be making some acquisitions in this space what is that look like always interested in understanding how we can grow these things build by borrow it's a yeah it's gonna get bigger as what you're going to get bigger all right it's nice talking to you as a sprinkler ET P. and head.

Saudi Crown Prince approves announcement of Aramco IPO on Sunday

Bloomberg Businessweek

00:54 sec | 3 years ago

Saudi Crown Prince approves announcement of Aramco IPO on Sunday

"We are told Saudi crown prince Mohammed bin Salman has decided to go ahead with the initial public offering of Aramco alphabets Google has agreed to buy the smartwatch maker Fitbit it's an all cash deal valued at two point one billion more from Bloomberg Charlie palette it's a move that could shore up the internet giant's hardware business while also potentially increasing antitrust scrutiny Google is paying seven dollars thirty five cents a share for Fitbit state and federal authorities are investigating Google for potential anti competitive practices related to how it handles consumer data and operates in the digital advertising market buying Fitbit would give Google a new platform along with access to fit but it's more than twenty seven million active users meantime classe shares he an alphabet the parent of Google were up one percent today and the U. S. ten year treasury last quoted in New York at the yield of one point seven

Salman Google Fitbit New York Bloomberg Charlie Seven Dollars One Percent Ten Year
"charlie palette" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:34 min | 3 years ago

"charlie palette" Discussed on Bloomberg Radio New York

"Daybreak it's five thirty on Wall Street good morning I'm Nathan Hager and I'm here in Moscow and we're just about four hours away from the opening of U. S. trading let's get you up to date on the news you need to know at this hour U. S. futures in European shares are in a holding pattern as we await word from the federal reserve the central bank issues its latest policy decision at two PM all street time and get more from Bloomberg many downs you dice fed officials seized in July and September that would make three meetings in a row in a Bloomberg opinion column this week bill Dudley former chief of the New York fed wrote it wouldn't take much to trigger a recession and the Dudley that's reason for the fed to add more stimulus but the veteran central banker also wrote consumers are in good shape and they shouldn't be as worried as they are about of a session any doubt you guys member daybreak live any thank you we also get the latest reading on U. S. growth ahead of that fed decision economists surveyed by Bloomberg pretty GDP rose one point six percent in the third quarter and Europe shares a Peugeot and fiat Chrysler are searching their up five eight percent respectively after Peugeot confirm talks about a possible combination bank earnings out of Europe are also in focus at Credit Suisse top line growth and profit beat estimates the results aren't impressing investors shares are down more than two percent it was another lackluster recorder for doing **** bank as the German lender failed to haul the slump in revenue shares of Deutsche Bank are lower by six percent and here in the U. S. more than forty companies in the S. and P. five hundred reporter innings today including Facebook we get a preview on that from Bloomberg's Charlie Pellett at Bloomberg intelligence analysts say despite great scrutiny from regulators Facebook's ad revenue should remain robust to do to consumer strength they expect third quarter results to reflect the mobile ad environment they're also expecting Facebook to cut spending through the end of twenty nineteen as for labor of those Anil say ongoing concerns about the proposed currency should not affect expectations because they're not yet counted into Facebook's near term fundamentals Charlie palette Bloomberg daybreak Charlie thank you another brags that front an emergency election in the U. K. has been set for December twelfth prime minister Boris Johnson won backing in parliament to trigger a sample that could finally settle the question of brexit and checking the pound now it is stronger against the dollar at one point two eight eight two one against the dollar the euro is at one point one one one eight and the yen and one oh eight point eight five futures again little changed to lower S. and P. futures down a point Dow futures down fourteen nasdaq futures down one the dachshund Germany's down two tenths percent ten year treasury up three thirty seconds.

How will the world react to the U.S. withdrawal from Syria?

Meet the Press

00:56 sec | 3 years ago

How will the world react to the U.S. withdrawal from Syria?

"Is it in Donald Trump says the U. S. is ready to go with more sanctions on Turkey in response to its incursion into Syria is after his defense secretary said the president ordered a deliberate withdrawal of troops from northern Syria to keep them out of harm's way trump said the administration could impose powerful sanctions if Turkey does anything in Syria the US considers to be off limits sources tell Bloomberg Saudi Aramco is board is expected to give final approval to proceed with its mammoth share sale more from Bloomberg Charlie Pellett those sources say the borders planning to meet with its advisers on the I. P. around October seventeenth it is shaping up to be the biggest in history people involved in the deal say about two percent of Aramco may be sold which could raise forty billion dollars the sale is key to crown prince Mohammed bin Salman strategy to fall under the diversification of the OPEC nations economy Charlie palette Bloomberg

Donald Trump Turkey Syria President Trump United States Bloomberg Saudi Aramco Charlie Pellett Bloomberg Prince Mohammed Salman Opec Forty Billion Dollars Two Percent