17 Burst results for "Charlie Pallet"
Bloomberg Radio New York
"charlie pallet" Discussed on Bloomberg Radio New York
"Problem Bloomberg world, headquarters. I'm Charlie pallet four 53 on Wall Street SVB financial is seeking a buyer after regulators closed its Silicon Valley bank unit, which buckled under the strain of declining deposits and losses on its securities portfolio. A source says the transaction might involve selling the company's assets piecemeal or as a whole, and the goal is to complete a deal by Monday. S&P 500 Index move lower today we saw the S&P down 56, a drop of one and a half percent. The FAA says Boeing can resume delivering 7 87 Dreamliner planes as soon as next week after resolving an issue that led federal regulators to issue a halt last month, the FAA said the plane maker has addressed concerns relating to the 7 87s forward pressure bulkhead. Gap shares tumbled today after the retailer reported quarterly sales that missed Wall Street estimates gap today tumbled 6.1%, and with more on the gap story, here's Bloomberg's John Tucker. Charlie, it's an indication that the company struggled to attract shoppers during the holiday season despite their deep discounts. Comparable sales that's a key gauge for retailers fell 5% of the fourth quarter compared with analysts average estimate of a 2.7% decline. Gap does expect the revenue declined to continue this year. Comparable sales declined at all four of the company's main brands gap, banana republic, Athleta and old navy, the latter has historically been a growth driver for the company, but lately it has struggled. Charlie Bloomberg's John Tucker, those of the company's stories were following this arm, this is Bloomberg. You're listening to Bloomberg business week with Carol messer and Tim stenbeck on Bloomberg radio. Coming up with myself and Jess met in the meantime, let's get another check on world of national news, back to Nancy Lyons. We go in our net and I one studio in Washington, high in ants. Thanks, Carol. The addition of 311,000 more jobs to the U.S. economy last month has been welcomed by President Biden. President suggested he hopes
Bloomberg Radio New York
"charlie pallet" Discussed on Bloomberg Radio New York
"It's 1 o'clock on Wall Street, I'm Charlie pallet the Dow, the S&P now, stack trading at or near session highs, we check the markets all day long at Bloomberg stocks are gaining as investors were heartened by signs that labor costs are easing, adding to evidence that inflation is cooling all of this ahead of the fed decision tomorrow. S&P 500 up now by 31 points to gain of 8 tenths of 1% the S&P now at 4049, the Dow up 151 up by about 5 tenths of 1% as a stack composite index up 120 a gay narrow, 1%. Ten year yield 3.53% of the two year yielding 4.21% spot gold up $6 to 1929 and West Texas intermediate crude up a dollar, a roughly a dollar a barrel right now. 78 85 on WTI, that is a game to about 1.2%. Some of the stories we're following earnings news, lots of earnings reports, General Motors shares surging 7.9%, GM expects its momentum its earnings momentum to grow this year on higher production volumes after reporting a better than expected profit in the last months of 2022. After the bell today, we'll hear from AMD that stock up 2.4% we heard from NXP Semiconductors last night NXP up by 2.2%. The city of Chicago says its economy is doing great despite high profile departures like Ken Griffin Citadel hedge fund out of the city, Chicago mayor Lori
Bloomberg Radio New York
"charlie pallet" Discussed on Bloomberg Radio New York
"From Bloomberg world headquarters, I'm Charlie pallet down day on Wall Street and we have got 39 minutes to go ahead of the closing bell, the S&P back below 4000, the Dow lower and we have got NASDAQ on the plus side, let's head right over to the first word breaking news desk for today's afternoon call. Here he is, Bill maloney. And good afternoon Charlie, the Dow is under pressure. It's Goldman Sachs reported a big earnings miss Dallas currently down 360 points S and easier down 6 well, the NASDAQ is still higher by 19. The U.S. 3.53% gold is down 6 oil is climbing and Bitcoin is higher by 1%. Among the main 11 SP sectors, leaders were tech and real estate, materials were under pressure and leaders to the upside in the Dow McDonald's and Chevron while Bowman Sachs fell 6.2% and led to the downside. In other news travelers fell 5% after reported higher storm claims and in U.S. politics, the press secretary said the administration was not going to negotiate over the debt ceiling. Over in Europe, the ECB may opt for a 25 basis point hike in March after 50 basis point move in February and wrapping things up interactive brokers and United Airlines report. After the bell, live from the first breaking news desk on Bill maloney Charlie. Okay, we thank you very much, Bill maloney and to hear live, breaking news over your Bloomberg type squawk sqa on your Bloomberg terminal. I'm Charlie Palatin, that is a Bloomberg business flash
Bloomberg Radio New York
"charlie pallet" Discussed on Bloomberg Radio New York
"Quick tape. This is a Bloomberg business live. On this note, the a 13. From Bloomberg world headquarters, I'm Charlie pallet four weeks of gains for the S&P 500 Index this week, the S&P up 3.3%. The S&P heads into the weekend now at 42 80 up 72 points today up by 1.7%. Longest weekly run of 2022, traders are assessing weather and inflation slowdown could soon make the fed reduce the pace of its most aggressive tightening campaign in decades The now up 424 points today up 1.3% as stack up 267 up 2.1%. Ten year up 1530 seconds, ten year yield 2.85%, two year yield 3.25%, spot gold up 7 tenths of 1%, 1802 the outs while crude is at 92 O 9 a barrel up to day by down today by 2.4% crude falling $2 25 cents a barrel. I'm Charlie palette, and that is a Bloomberg business flash. This is Bloomberg sound on with Joe Matthew on Bloomberg radio. Just another case of remarkable timing on a Friday in the summer in Washington. Not the timing Joe Biden. I'm assuming was hoping for or any member of the democratic leadership, even though they don't seem to be rooting for Donald Trump today. But you know, this is the big vote in the U.S. House. This is what guys like me were sent
Bloomberg Radio New York
"charlie pallet" Discussed on Bloomberg Radio New York
"Bloomberg business. And at Bloomberg quick take. This is a Bloomberg business live From Bloomberg world headquarters, I'm Charlie pallet a tech rally underway. We are holding close to session highs right now, Amazon surging 11.6% apple up 3.1% after last night's earnings reports but heading in the other direction. Intel plunging 8.5% and Roku is down 24.9% bottom line though, equities are extending gains as the S&P 500 Index heads for its best month since November 2020, fueled by that big bounce in big tech. The NASDAQ 100 index up 1.3% that has stacked composite index up by 1.34% of a 162 points right now S&P is up 43 up 1.1% the Dow up 190 up by 6 tenths of 1%. Ten years up 1130 seconds, the ten year yield 2.63% spot gold up four tenths of 1% right now, gold is at 1763, the ounce, Bitcoin, down 1%, 23,008 O three on Bitcoin, and West Texas intermediate crude back above $99 a barrel today, up 2.8%, 99 O 8 on WTI. So again recapping stocks are rallying tech, the standout S&P up now by 1.1%. I'm Charlie palette that David Weston is a Bloomberg business flash. Thank you so much, Charlie
Bloomberg Radio New York
"charlie pallet" Discussed on Bloomberg Radio New York
"Bomb Bloomberg world headquarters. I'm Charlie pallet. We've got the Dow. The S&P nez stack all higher right now, but stocks have had a tough time finding direction before key inflation data tomorrow morning. The treasury curve inversion has deepened to levels last seen in 2007, amid fears that the Federal Reserve rate hikes will sink the economy into a recession. Let's begin with that inversion with the ten year at 2.95% the two year three 3% stocks, as I mentioned higher across the board. S&P though little changed up by one point right now, the Dow holding on to a 97 point gain up by about three tenths of 1% NASDAQ is up by 7 for the NASDAQ composite index. That's the game right now of just about one tenth of 1%. Spot gold is down four tenths of 1%, 1726, the ounce, while West Texas enemy crude is down 7.4%. 96 35 for a barrel of WTI Brent below a $100 a barrel 99 85 barrel of Brent down right now by about 6.8%. So it is an up day for the Dow, the S&P and NASDAQ earnings front and center this week. Sarah Malik is chief investment officer at nuveen. She says there's definitely cause for concern. Earning season could actually be the next shoe to drop we're worried about what the demand destruction effects are going to be. We've seen earnings actually consensus going up year to date and we're wondering whether that's going to be factored in for the second half of this year for earnings actually take a hit and we see some pretty poor outlooks at a company. That is our concern and that's why I think the markets have been pretty volatile leading into the kick-off for that season. London Heathrow Airport is imposing a two month cap on daily passenger traffic a dramatic response by the UK's busiest airport to the flight chaos that is gripping Europe among U.S. based airlines to fly to Heathrow UAL up 9% American up 11.2% delta 7.1% jet blew up by 4.4%. Recapping stocks higher S&P little changed up by just half a point. I'm Charlie palette. That's a
Bloomberg Radio New York
"charlie pallet" Discussed on Bloomberg Radio New York
"Subject to policy terms. But I'll just get unavailable in all states or situations. Either value in worldwide market news. Stocks in Asia saw some heavy selling overnight. And you wanted first several fed officials beat the drum for higher interest rates. Crypto is in focus today. Markets, headlines, and breaking news 24 hours a day. At Bloomberg dot com, the Bloomberg business app and at Bloomberg quick tape. This is a Bloomberg business flash. Bloomberg world headquarters I'm Charlie pallet stalks are surging a rally in treasuries is waning after a reading on inflation expectations eased and the Federal Reserve's Jim bullard suggested recession fears are overdone. We've got the Dow with the best level of the day right now, up 685 points by 2.2%, S&P up 94. That is a gain of 2.5%, while the NASDAQ composite index is up 278 points for NASDAQ that is a gain right now of two and a half percent. Ten years down 8 30 seconds ten year yield 3.11%, two year yield, three O 3%, Spock old up four 20 the ounce to 1827 up two tenths of 1%. West Texas intermediate crude oil is up 2.2%, one O 5 52 for a barrel of WTI. Brent crude up 1.9% one 1213 for a barrel of Brent. As for Bitcoin today, a Bitcoin up 1.6%, 21,138 on Bitcoin. So stocks are rallying, Jonathan Gallup is chief U.S. equity strategist at Credit Suisse securities and on Bloomberg television and radio this morning on surveillance, he talked about the outlook for rates and the Federal Reserve. Well, the fed is surely telling you that they're going to be super aggressive at addressing inflation and with the market is telling you is if the economy starts to respond to the fed that the fed is likely to back off. And whether that's true or not, we will see and FedEx shares are surging 7.4% today after last night's earnings report FedEx forecast profit over the next year above Wall Street's expectations, despite recent labor woes and growing economic uncertainty, boosting a new CEO Raj subramanian weeks after he took the top job. Stocks are rallying S&P as we recap recap up two and a half percent, I'm Charlie palette. That's the Bloomberg business flash. The balance of power on Bloomberg television and radio, I'm
Bloomberg Radio New York
"charlie pallet" Discussed on Bloomberg Radio New York
"Equity futures this morning edging a little bit higher Asian stocks are pretty much struggling though on this decision day from the Federal Reserve the topics is down 8 tenths of 1% cost below 1.9% CSI 300 up by 2.2% U.S. stock futures also gaining for the S&P 500 just a tenth of 1% But debt markets have been absolutely convulsed since Friday Looking at what could potentially be a larger rate rise by the fed So in terms of the global aggregate index that Bloomberg shows that has slumped now 19.7% from a record height so effectively you've wiped out almost $10 trillion value in global bonds this year We did though of course have better than expected activity data out of China so that has moved markets a bit Bloomberg dollar spot index is down by a tenth of 1% oil prices breakthrough trading at a $121 the barrel and Bitcoin at 21,206 lumping 3.4% Those are the markets now on to today's top stories the U.S. Federal Reserve looks set to deliver the biggest rate hike in 28 years as markets price in a 75 basis point hike in the base rate in the base race Gradualism by the fed may be abandoned in order to stamp out inflation more forcefully with growing concerns that it will persist Pershing square founder Bill ackman says that a hundred basis point fate fed rate hikes would be better Bloomberg's Charlie pallet has more Ackman says not just today but in July and thereafter instead of the 75 basis point hike that some economists are expecting He said the Central Bank has allowed inflation to quote get out of control and calls for aggressive action that would help restore market confidence riding on Twitter ackman said quote the sooner the Federal Reserve can get to a terminal FF rate and thereafter can begin to ease the sooner the markets can recover In New York Charlie pellet Bloomberg daybreak Europe Well with markets now factoring in bigger rate rises there's a growing expectation that a recession is on the horizon the CEO of avenue capital management Mark lasry told Bloomberg that he expects more pain for markets through to the end of the year and sees a short contraction ahead for the U.S. Everybody knows we're either getting into a recession or it's going to be close to a recession So I don't think there's a lot more negative news that's going to come out You know the question really is going to be how long is the recession Is it three months Is it 6 months Is it a year I think ultimately it's going to be pretty short Mark last week speaking to Bloomberg there we get the fed decision 7 p.m. London time fed chair Jerome Powell is then scheduled to hold a news conference at 7 30 p.m. The bear market for Bitcoin has entered.
Bloomberg Radio New York
"charlie pallet" Discussed on Bloomberg Radio New York
"And at Bloomberg quick take This is a Bloomberg business flash Bloomberg world Hank waters I'm Charlie pallet red on the screen In fact U.S. stocks just about the lowest in a year let's head right over to the first word breaking news desk port of days afternoon call Here he is Belle maloney Good afternoon Charlie That's right You as stocks in the red in a very choppy session the Dow is currently down 370 points was green at one point S&P's down 55 NASDAQ is lower by 260 The U.S. ten year old at 3.12% gold is up floor Oil is in the green and Bitcoin is down by 1.5% among the main 11 SP sectors only energy utilities were in the green and leaders said the upside and the Dow Chevron IBM and engine Well Nike led to the downside After earnings Under Armour plunged as much as 27% and IPO news Bausch and loam opened at 1850 the IPO was priced at 18 and wrapping things up monster beverage rose 4% after its earnings Live from the first breaking news test on Bill maloney Okay thank you very much Bill Have a great weekend and to hear live breaking news over your Bloomberg type squawk ass On your terminal I'm Charlie palette that is a Bloomberg business flash All right Charlie thank you so much You're listening to Bloomberg business week Carol master along with Tim stenog And watching what has been just a crazy market environment this week And what's interesting is we are seeing stocks really push toward their lowest level since May of 2021 The big debate the big questions you can read it on the Bloomberg terminal at Bloomberg dot com It's just where are we in terms of have we hit a low and so much of it has to do with what the outlook is and how aggressive the fed is and how much they ultimately bring down inflation and how much they slow the economy There's an interesting story though out there on Bloomberg that talks about the earnings estimates have been starting to go up especially over in Europe so it's you've got to look at Gina Martin Adams always reminds us that things are kind of slowing down in terms of maybe some of the forecasts that are coming out but you've really got to watch these numbers What are CEOs saying ultimately about the business environment Yeah you make a really good point and we are in the midst of burning season so we are hearing from CEOs We heard romaine earlier talk about the troubles that Under Armour is having for example when it comes to supply chain issues especially with regard to Chinese shutdowns And that's not that the business is bad It's just that they can't demand Exactly But there are other stories here too Carol and those have to do with interest rates moving higher And that's something that you hit on And what the fed ends up doing And I think even that we have seen this decline in the NASDAQ composite the NASDAQ 100 is its lowest level in more than a year the NASDAQ composite Lowest level since 2020 So even uglier when you take a look at even more stocks that are traded on the NASDAQ it actually hides some of the issues that a lot of these companies have because you see some companies down like Netflix 70% 80% You look at spacs Some of the executives Yesterday right He said that you know a company like Netflix could be a value right now because it's trading what At a fraction of what it was trading at before but it's still making really solid revenues And this is where you have to take a look at the company and their fundamentals Take a look at the balance sheet and decide whether or not there is something fundamentally wrong In terms of the business story going forward it's interesting because I was looking at some of the stories that I was reading in this morning you have Bank of America strategist saying that the historic route isn't over yet They say stock lows yield highs yet to be reached strategy saying the current positioning shows paralysis not panic And there was another story that really caught my attention and it has to do with kind of what we're seeing This comes from the European Central Bank their executive board member Isabel Schneider and saying that climate change is leading to higher rates The fight against climate change and war in Ukraine are creating a new macroeconomic environment where higher interest rates may be needed to ensure consumers don't lose faith in Central Bank's ability to keep inflation under control This goes to some of the conversations we had at milk and about strategically fundamentally some changes that are going on in our economy You and I talk about it Whether it's the energy markets there are shifts going on food production supply chains where we do it alliances that we have And these will ultimately maybe cause some stress points like we are seeing in our economy right now And we'll take some time to work out So what does it mean for our portfolios And that's the question that our audience wants to know It's something that we've been asking all of our guests with our drive to the close and other guests who watch the markets because I wonder what it means for asset allocation Carol And if indeed we are seeing the end of the bull run the historic bull run that we saw since the great financial crisis Well this.
Bloomberg Radio New York
"charlie pallet" Discussed on Bloomberg Radio New York
"Kids and the ad council You're listening to a special edition of Bloomberg best from Bloomberg lives equality summit I'm Charlie pallet Female CEOs are hard to come by in the financial sector Bloomberg quick takes scarlet fu got a chance to sit down with one of them She spoke with Yi sin hung CEO of New York life investment management on efforts to increase the representation of women and underrepresented groups in the financial sector and the importance of diversity in more senior roles You know I think it's reflects the evolution of the finance industry over time You know we're at a point now where I think there's been so much focus on improving the diversity of those coming into the industry But it takes a while for that class to make it to a level where they can be in senior positions And I'm encouraged by what I see in terms of the increasingly diverse increasingly female population But what's important for all of us is to make sure that those individuals in that representation continue as they move up And having been CEO now for a few years I mean I have a couple of thoughts on this in terms of how we can ensure that happens I think number one when you think about women they oftentimes are a little bit less noisy when it comes to what is their next career step Less self emotional exactly And it's easy to assume that they're comfortable with the role that they're in that they're not as ambitious as the men but that's not a safe assumption Secondly women tend to want to satisfy every single criteria for that next position We know through research men don't necessarily hold themselves to that And so we have to if they're not willing to raise their hand we raise their hand for them And then lastly I think this is where research also shows that women don't oftentimes realize just how important sponsors are for them in order to get that next opportunity And so as a result women and especially women of color get further behind in their career relative to men So you mentioned that you've held the top job at New York life for almost 7 years now since 2015 You've been with the firm for 11 years during that time you oversaw four fold increase in assets under management Being CEO is not a job that someone stumbles into You've done incredibly well at what point in your 36 year career in finance Did you realize that you were kind of laying the groundwork for becoming a CEO You know it's interesting Scarlett I really didn't think about becoming a CEO You stumbled into it No I sort of stumbled into it You know and I think you have to take a step back with me You know I'm the product of immigrant parents and I have a lot of that spirit within me and the sense of feeling like it was up to me to sort of figure things out along the way I should be the one that adjusts and adapt and fit in And so once I ended up in finance I really didn't have the benefit of a lot of people around me to advise me So more or less I would look around and I'd see different people a couple steps ahead of me and I'd say okay that's interesting And that's what happened And business school you know my next door neighbor was this very accomplished analyst from a Wall Street bank and I thought she held herself up so well I wanted to be that And that's what led me into investment So you modeled yourself after people that you thought you know I'd like to see what they've got going on I want to try this out Exactly So you did not exactly plot out a career in finance So you studied engineering what kind Mechanical Mechanical And then you ended up working in finance How did you make that transition aside from the math skills which probably makes financial easy compared to engineering Yeah It's.
Bloomberg Radio New York
"charlie pallet" Discussed on Bloomberg Radio New York
"App and that Bloomberg quick tape This is a Bloomberg business flash Bomb Bloomberg world Hank waters I'm Charlie pallet the rally in oil stalled today West Texas intermediate crude oil lower by 2.6% one O 7 67 for barrel of WTI Brent the global benchmark down 1.9% one ten 79 for a barrel of Brent Technology stocks strike down the equity market ahead of tomorrow morning's jobs report as traders weighed the economic impacts of the war in Ukraine complete coverage on Bloomberg radio and television tomorrow morning when we get the number it breaks at 8 30 a.m. Wall Street time S&P today down 23 a drop of 5 tenths of 1% NASDAQ was down 214 down 1.6% the Dow down 96 a decline of three tenths of 1% The ten year up ten 30 seconds ten year yield 1.85% spot gold 1936 ounce and Bitcoin now up 1.1% 42,562 one Bitcoin I'm Charlie paladin That is a Bloomberg business flash Your listening to Bloomberg sound on with Joe Matthew on Bloomberg radio I just checked my inbox while Charlie was talking and I found news The headline secretary mayorkas This is a news release From the Department of Homeland Security mayorkas.
Bloomberg Radio New York
"charlie pallet" Discussed on Bloomberg Radio New York
"Of two and a half percent Ten year yield two 4% yield on the ten year rising above 2% now at the highest since 2019 Stocks extended declines after Federal Reserve bank of St. Louis president Jim bullard said he supported raising rates by a full percentage point by July We've got gold down three tenths now 1827 the ounce West Texas enemy to crude oil up three tenths of 1% 89 91 a barrel So again repeating and recapping ten year yield 2.04% the S&P 500 Index now down by 100 points a drop of 2.2% I'm Charlie pallet That is a Bloomberg business flash It certainly is thank you so much for that update Charlie palette It's three 48 on Wall Street The following is an editorial from Bloomberg opinion The Republican National Committee recently characterized the January 6th attack on the capitol as an instance of legitimate political discourse When asked for his opinion Senate minority leader Mitch McConnell didn't mince words He called January 6th a violent insurrection for the purpose of trying to prevent the peaceful transfer of power By uttering that simple truth McConnell performed an essential service to his party and the country He seems to recognize the obvious that attempting to rebrand a violent attack as legitimate discourse isn't a winning campaign strategy in 2022 and beyond Republicans have hardly been profiles and courage when it comes to standing up to former president Donald Trump But McConnell has consistently spoken at a key moment to protect the integrity of the democratic process For that he deserves the support of Republicans and the respect of Democrats This editorial was written by the Bloomberg opinion editorial board I'm David shipley for more Bloomberg opinion please go to Bloomberg dot com slash opinion Go on the Bloomberg terminal These has been Bloomberg opinion.
Bloomberg Radio New York
"charlie pallet" Discussed on Bloomberg Radio New York
"Down as much as 4.9% NASDAQ ended the day with a gain of 6 tenths of 1% up by 86 points So again massive reversal it was a stock sell off that at one point rivaled any of the last two years all of that wiped out Ten year yield 1.77% down three 30 seconds spot gold at 1843 the ounce West Texas intermediate crew down 2.1% 83 31 a barrel on WTI so again recapping equities advanced 12 point gain when it was all said and done up three tenths I'm Charlie pallet that show Matthew wild days of Bloomberg business flash Amazing stuff Charlie palette but who will be the first to write the dead cat bounce column tomorrow That's what I'm looking for when I wake up Now we turn to the situation involving Russia and Ukraine with tensions Seeming to grow more intense over the weekend On balance of power earlier today I heard people's opinions changing from Friday to today And President Biden held a video call last hour with our European allies As the U.S. moves to evacuate the family members of diplomats in Ukraine we told you that was coming And as the U.S. prepares to possibly send up to 5000 or more troops to Eastern Europe and the Baltics it sounds like more if needed here's Pentagon press secretary John Kirby Secretary Austin has placed a range of units in the United States on a heightened preparedness to deploy which increases our readiness to provide forces if NATO should activate the NRF or if other situations develop All told the number of forces that the secretary has placed on heightened alert comes up to about 8500 personnel So we're talking more than 8000 possible And the comments also followed a meeting between the Secretary of State Anthony blinken and European foreign ministers this morning A lot of talk and going on here people need to stay in touch as he tries to keep everyone on the same page On the other side of the ocean not always on the same page in Europe when it comes to this and well that's where we begin with David to fury former Obama campaign foreign policy adviser it's great to have you back David the president spent the weekend with his national security team at Camp David Then the fire hose of headlines as I described it followed Are we entering a new phase in this standoff Well I think we're entering a phase where President Biden and his team recognize that they need to do more to deter Putin as the president mentioned last week He does seem to think that Putin is going to mount an increased invasion or present in Ukraine So they've announced the readiness of these troops to go into Eastern Europe But notably they're not going to be going to Ukraine yet just to other countries in Eastern Europe that we also want to defend But a lot of people also probably yeah the team is looking for other ways to deter Putin Sanctions may not be enough I think who knows sanctions are coming if he does this So also the team is trying to get more support from our European allies I can't seem to find anybody who thinks though that there is going to be an invasion that Vladimir Putin does want to go to war or test our resolve in this case do you believe that I don't think anyone knows what Putin is going to do And anyone who seems to think he's ready to go for it Biden thinks he's ready to go for it There's certainly some senators who are receiving intelligence reports who also think he is going to go for it And he very well may I mean he's testing what the response will be And he wants some concessions from the U.S. Obviously we're going backward for what he wants to accomplish that we could troops into other Eastern European countries because this whole goal is to get us to back away and have less of the military presence in Eastern Europe So are we doing the right thing by moving in I mean we're kind of calling his bluff here a little bit My personal view is that we should be doing more to deter him from doing this Ukraine is a sovereign country and the Russia has no right to be engaged in what is already been engaged in which is interference in Ukraine's government A presence in eastern Ukraine engaging in supporting separatists in Eastern Europe Ukraine and stirring up fighting inside Ukraine And that's all done in order to stymie the democracy in Ukraine and that's really what Putin wants I mean this is about democracy Putin does not want democracies on his border He feels those are a threat So if the U.S. still stands for supporting democracies around the world supporting the spread of democracy then we have to do more As we spend some time with David to fury trying to figure out the way forward here what do you make of the evacuation order This is something that Bloomberg first reported late last week It did come true Some have thought it was posturing though others thought it was maybe your response to what happened on the way out of Afghanistan This is a White House that does not want to be caught in a situation like that again with Americans stuck behind I won't say enemy lines but in a war zone I think that's right There's a lot of sensitivity around our embassies and rightfully so our State Department and secretary blinken want to protect our diplomats.
Bloomberg Radio New York
"charlie pallet" Discussed on Bloomberg Radio New York
"One tenth of 1% 86 90 a barrel Recapping after earnings Netflix plunging by 20% I'm Charlie pallet That is a Bloomberg business flash Thank you so much Charlie pellet still with us as Luis Philips Forbes She's a real estate broker with Brown Harris Stevens She's with us on the phone from New York City and Luis like Karen and I were talking about commercial real estate Really interesting time with this pandemic What's the future there Because you know as we were saying a lot of behaviors have changed when it comes to where people are working where people are shopping I'm not an expert at commercial but what I am at expert is at people and commercial deals are going to bring people continuously And if you look at venture capital money that we've all invested in local tech firms in New York including my husband's company last spring they closed over 12 billion of local tech venture capital money That is going to bring people and you look at companies like noom I mean I've never heard of noom three years ago They took a 115,000 ft² from Brookfield Take a look at the top big four Amazon Facebook Google Apple They gobbled up 3 million square people 3 million ft² And what that brings is people And we're projecting listen during the heart of darkness I saw probably every appointment downtown in the East Village with somebody relocating from LA or San Francisco From tech firms to New York and they want a piece of the Apple Well at the same time Louise what we are also seeing you know it's not just Elon Musk who's moving to Austin or who's moving to other places in Texas or financial firms moving to Florida We are seeing for a society in America that hasn't moved around a lot in the last few decades They've kind of stayed put We are starting to see more movement What are you seeing along those lines when it comes to your market your residential clients I mean listen we have been hearing about everybody's moving to it's going to be like mini Miami is going to be a little New York Because people are wanting to benefit from lower taxes And I think that's going to absolutely that is going to be normal sort of transitions that we're going to experience but listen I think tech is 10.5% of our GDP across the nation and it's going to continue to affect and drive other cities whether it's Portland Oregon Austin Texas national Tennessee I mean it's had over 12% growth year over year I'm from Nashville I don't even recognize it And I think that there's enough for all of us to continue experiencing this wave And people are going to look for lifestyle It's just going to be what's an opportunity for one and what's right for one might not be right for another individual but companies are going to be looking for opportunities We can look at Amazon as a case study that we didn't get that big deal that they were trying to put together but they still bought a big asset In the build and they are bringing thousands of employees here And Luis we've talked a lot about buyers but I want to talk about the other side of the deal the sellers I'm curious have you seen people you know choose to sell their house their property now just because the market is so hot and I mean we've been talking about the fact that there is a ton of supply of houses right now for a while now I feel like it's really become a part of common conversation even outside of Bloomberg headquarters So I'm just wondering if that's motivated brought some sellers off the sidelines I think what up my experience and what I'm witnessing in the conversations that I've been having since the peak of the pandemic when people were not sure should I stay or should I go That we are now clearly have a lack of inventory and that they are owners that we are hoping I'm hoping that I have them now ready emotionally financially to seize the moment because it is their market They can call the shock a little better They still have to be priced properly because the market is still incredibly efficient And those houses in Greenwich might not be selling because actually they're just not worth it Okay Hey listen great to check in with you Luis Phillips Forbes real estate broker at Brown Harris Stevens joining us on the phone in New York City Fascinating to hear that it's a pretty dynamic market And we know that there's still building going on Oh yeah it's just I don't know it seems like houses They take a while to build At what point is we do see the supply crunch get alleviated Have to think it's a couple of years Yeah exactly All right you're listening to Bloomberg business week Cal master along with Katie greyfell I do want to get another check on world of.
Bloomberg Radio New York
"charlie pallet" Discussed on Bloomberg Radio New York
"World Hank waters I'm Charlie pallet We've got 13 minutes to go ahead of the closing bell U.S. stocks at or near session lows right to the numbers S&P now down by 77 points That is a session low down 1.6% The Dow is down 304 lower now by 8 tenths of 1% NASDAQ down 451 down 2.9% bringing the year to date loss yes the year is very young but so far NASDAQ this year now down by 3% The ten year yield 1.7% gold spot gold on $4 the album stop two tenths of 1% 1810 and West Texas intermediate crude up two tenths of 1% 77 17 a barrel 12 minutes to go before that closing bell clangs on Wall Street equities deepening losses after minutes from the fed flag the chance of earlier and faster interest rate increases I'm Charlie tarred as a Bloomberg business flash Umbrella yeah but you let me drive Oh no no no no This is not a toilet Honey please I'll do the bride Gravel Smells great I don't want to drive This drives us This is the drive to the club On Bloomberg radio I just got about 12 minutes left in today's trading session Charlie Kris breaking down Yells have definitely moved up And this is all in reaction to the fed looking like it's going to start moving much quicker than everybody anticipated and the equity market certainly under pressure In fact we are moving in these last few minutes of trading We are moving to our.
Bloomberg Radio New York
"charlie pallet" Discussed on Bloomberg Radio New York
"RH up now by 11% Former tech executive Meg Whitman is President Biden's pick to be the U.S. ambassador to Kenya I'm Charlie pallet That is a Bloomberg business flash All right Charlie thank you so much Really appreciate that Well the air is summit in New York kicked off today It was in person at the javits center The event digging into the impact of artificial intelligence in business And speaking just a short while ago on how AI can unlock the economic gains of gender equity and great to be talking with her again is cargo Roy She's the CEO and founder of pipeline equity They leverage AI to identify and drive economic gains through gender equity And she is with us joining Tim and myself on the phone In New York City karika good to be talking with you again How are you Likewise this wonderful to be here I'm great It's great to be in person again And see people I know Right It's just like the first time you do that or the second time it's just like oh my God it feels quite unquote normal Having said that tell us about the event a little bit and some of the conversations that you've been having with individuals when it comes to AI in the workplace And gender equity in particular Absolutely So the AI summit itself is premier artificial intelligence event And what I was talking about specifically is digital transformation One of the things that we know that actually catapulted forward 5 years during COVID-19 last year And how we can actually use artificial intelligence and digital transformation to catapult our time toward equity which as most of us know gender equity was actually set back during the pandemic How do you do that Because when you use AI in correct me if I'm wrong here but AI can be really biased and it can be biased in a bad way and it can be biased in a good way I think it's fair to say So what are the inputs that you use when it comes to AI to actually leverage change for good So what pipeline does is we actually intercept people decisions So the decisions that companies make about their people there's 5 of them which is internal hiring pay performance potential and promotion We get in front of those decisions So for instance you submit a paper proposal or write a performance review and say but as a draft then it goes through the pipeline platform to find any in equity And if we find any we actually then make recommendations And those recommendations look like natural language processing that read through performance reviews to call out any bias phrases ensuring for instance that ratings are equitable Those are some examples of recommendations that we provide What is the inequity that you identify though So it depends I mean essentially if you were to put it in a top line bucket it would be undervaluing women in the labor force So for instance we found that a third of all performance reviews contained bias 4% of the time that actually leads to women receiving lower ratings And I know that 4% doesn't sound like a lot but actually modeled out what that means is that it takes twice as long for women to be promoted into the same role Those are some examples et cetera Kyle there's something I've done for our Bloomberg media team and it's actually an event next week that's coming up and catching up with the chief marketing officer of Union Square hospitality Talking with others female entrepreneurs female founded firms And what's interesting is we talked about this whole idea that companies still don't get women And aren't providing the opportunities Why is that And they haven't figured out how to get the most out of us I'm not saying me personally but in general there's that feeling Why is that So the core issue here is that we have focused largely companies have focused on fixing women versus fixing the system An examples of that include things like Teaching women to negotiate or trying to get them to apply for more jobs or changing the way that they speak And the thing about that is is that women aren't broken The system is broken So we need to fix the system That means and what fixing the system means is actually ensuring equity within our decisions Cardiac I'm wondering if you are optimistic to the extent that you think that pipeline equity won't need to exist in our lifetimes Well I don't think I would say that because we're currently 268 years away from equity income That's how for some context Yeah so and we added 11 years just in the last year So I wouldn't say that we won't need it However what I will say is this On average our customers increase equity by 67% in the first three months on the platform So there's a tremendous opportunity for us right now to catapult our time toward equity and really quickly what we found is that for every 10% increase in equity there's a one to 2% increase in revenue So it's not only the right thing to do it's actually a huge and massive economic opportunity Yeah one of the things that we talked about this event that's coming up next week and you can find out more on LinkedIn or checked out my Twitter feed but it's also we're seeing a lot more females create firms entrepreneurs because they've just had it with the traditional space 50% Go ahead Well no no please go ahead Well I was going to say 50% of what I learned recently with the spacs 50% of those have women on their boards So we're seeing more gender equity at least when it comes to the new companies that are being created Cargo we have to run but we'll catch up with you real soon And I'm so glad we could And I'm so glad to hear that you guys were at an event in person It's nice to see parts of our world reopen even if we do so cautiously Category she's chief executive officer She's the founder of pipeline equity.
Bloomberg Radio New York
"charlie pallet" Discussed on Bloomberg Radio New York
"Headquarters I'm Charlie Paul 13 minutes to go ahead of the closing bell the download S&P NASDAQ both on the plus side We're looking at records for the S&P NASDAQ and NASDAQ 100 index Dow Goldman Verizon all weighing on the Dow Dow Jones Industrial Average down 100 points right now down three tenths of 1% S&P at a record up another 12 to 46 73 of three ten to 1% NASDAQ up 114 up 7 tenths of 1% the NASDAQ 100 index extending its rally into a 9th straight day Right now the NASDAQ 100 index up 1.2% Russell 2000 though trading lower by one tenth of 1% Ten year yield 1.51% We do have gold up 1.3% spunk gold 1793 yards and West Texas intermediate crude down 2.2% 79 O 9 a barrel Recapping stocks at a record with the S&P up 14 up three tenths I'm Charlie pallet that is a Bloomberg business flash Thank you so much Charlie pellet It's three 48 on Wall Street The following is an editorial from Bloomberg opinion Cryptocurrencies are famously volatile Stable coins remedy this volatility by tying their value to government issued money The problem is stable coins aren't necessarily stable It's often unclear what backs issuers promises to redeem each token for a dollar If doubts about issuers finances arise it could trigger devastating runs This week a working group headed by treasury secretary Janet Yellen published a report that acknowledges this risk and calls on Congress to empower officials to address it This would involve regulating stable coin issuers is the bank like entities they are It would also entail limits on issuers.