35 Burst results for "Chief Strategist"

Alzheimer’s Drug Likely to Be FDA Approved Despite Potential Risks

Afternoon News with Tom Glasgow and Elisa Jaffe

00:44 sec | 6 months ago

Alzheimer’s Drug Likely to Be FDA Approved Despite Potential Risks

"Drug is reasonably likely to result in a clinical benefit and granted approval. Despite potential risks. NBC's Brian Clark with details The FDA s decision to grant accelerated approval to Biogen's new Alzheimer's drug is a historic first in the fight against the disease. It's not a cure. It's not a panacea, but it is a first line treatment that that does look at the underlying cause of the disease. Dr. Joanne Pike, the chief strategist of the Alzheimer's association, points out Alzheimer's remains a fatal disease. We have to have a first line treatment before we can get to a second line or a third line, Dr Pike says. This requires the health care system do prioritize Early detection. Brian Clark ABC News The Department of Justice

Alzheimer's Drug Brian Clark Biogen Dr. Joanne Pike Alzheimer's Association NBC Alzheimer's FDA Fatal Disease Dr Pike Abc News Department Of Justice
"chief strategist" Discussed on 860AM The Answer

860AM The Answer

05:45 min | 6 months ago

"chief strategist" Discussed on 860AM The Answer

"Chief strategist to the vice president of the United States. Good friend of mine, and just he told me. You gotta tell everyone or three million of our listeners. He's just an all around. Amazing dude. Tom Rose. Welcome to America first. The G man. How are you, Doc? I like that. The demon I am very well. Much better for hearing your voice, and I forgot to say you're just you know, you're a radio guy like Mike Pence Woz. Well. Like Dr G is like the genie when you say I mean you be. I'm a neo fight. You're pro. No, This is your good. You are good man. Hey, you know, I have to tell you whenever. Dr G the G man is walking through the halls of the White House, it was like Moses and the Red Sea. It's split apart, people would hit the walls on each side in a good way, Right? Absolutely. Oh, absolutely. That's except the one person I have to share this with you. Little inside baseball. What a way, though she was whenever she heard my voice. Wherever we were in the West Wing. She would stop and start screaming. And Omarosa would say, Oh, Sebastian Gorka, the most amazing voice in the White House, and she did it more than once a day, Tom not normal. I'm sorry. Just not normal. Well, she was your hire. Oh, you're sneaky Bugger. No, I know she most definitely was not on. I'm so glad that she is now disappeared from polite company. Okay, Tom, let's get down to business. Follow this man on Twitter right now. Tom Rose in the end D wife, obvious reasons, Tom. You reached out to me so we could have a chat in front of our listeners are viewers on rumble? About how they going after Marty Taylor Greene, the comment she made a counter days ago. We can talk about that. But we've got much bigger fish to fry with your expertise on foreign policy. What's happening in the Middle East? What's happening with anti Semitism in America? But first, let's start with the reason you reached out your reaction to the comments made by MTG. She did in a speech the other day it Congo in Congress. One of these 60 seconds, moments that they have Made a silly analogy. She was talking about vaccination, the compelling coercive nature that government is assuming to force people to get faxed. And called referenced. Um, uh, the desire in some states to mandate vaccinations as equivalent to the Nazis. Ordering Jews to wear the Yellow star now. That was not a not a smart thing to say. It really wasn't it was kind of a facility analogy. But she's being hammered and ridiculed. Not just by the Democrat Anti Semites, which is rich in and of itself and and and to be expected, but by Republicans Kevin McCarthy, who I like who I think is is terrific. In many ways was Instantly out of the gate to call her comments appalling and outrageous and disgusting. I don't think they were calling it outrageous and disgusting that they were dumb. Um I think there's a huge huge difference between ignorance. And hatred. The comment The analogy was poor. But there was nothing anti Semitic about it. Nothing at all, and we've got Democrats. Uh, Dr G to thank for reminding us about this fact. Since in the past two weeks, they've shown the entire country what true unadulterated anti Semitism. Looks like it not to. It's just The whole thing was very troubling to me, not because so much the Democrat attempt to completely and totally marginalized her. But it's just too rich for words. How these first class Jew haters AOC who's disgusting Sleep? Who's just Spews forth sewage every time she opens her mouth, and I mean the list goes on Bernie Sanders. I don't care how he identifies himself for what he says he is. He's nothing but an anti Israel. Painter. That these people accuse pro Israel people of being anti Semites, and they get away with it. And at the end of the day, Marjorie Taylor Greene is pro America and pro Israel is a religious Jew. That's all I care about. Yeah, I'm trying to think Tom. It was that anybody. On the institutional right in the last three weeks during the 4000 rockets being launched in Israel, who made the moral equivalency argument between Israel and Hamas that members off Congress with a D after their name did Not the one you see, of course, and this forget about Israel and Hamas. Remember when IOC compares ice agents and Border Patrol agents to Nazi concentration crucial this is crucial. So when you do the Hitler or Nazi analogy from the left To attack Republicans. You said you're solid. You're safe. The Washington Post will even retweet you. But if you are a pro Israeli pro Jewish American conservative, and you use any analogy referencing the Third Reich or Hitler. Oh, well, that's just for boat that can't happen. We've just scratched the surface. So much discussed with my good friend, former White House calling former Deputy national security device to the vice president..

Tom Rose Marjorie Taylor Greene Bernie Sanders Marty Taylor Greene Sebastian Gorka Kevin McCarthy Hamas IOC Omarosa Middle East Congress Hitler Democrats Tom Twitter 4000 rockets Jew Moses Republicans Mike Pence Woz
Indictment Against Former Trump Advisor Bannon Is Dismissed

AP News Radio

00:40 sec | 6 months ago

Indictment Against Former Trump Advisor Bannon Is Dismissed

"Hi Mike Rossi are reporting an indictment against former trump adviser Steve Bannon is dismissed a federal judge dismissed an indictment against former trump adviser Steve Bannon Tuesday over the objection of prosecutors Bannon served as chief strategist for former president Donald Trump in August twenty twenty Bannon was arrested aboard a luxury yacht off the Connecticut coast charged with defrauding donors in a twenty five million dollar fund to build a wall along the US border with Mexico prosecutors allege to Bannon diverted more than a million dollars Bannon pleaded not guilty before leaving office in January trump pardons Bannon but prosecutors asked the judge to let the indictment stand hi Mike Rossio

Steve Bannon Bannon Mike Rossi Donald Trump Connecticut Mexico United States Mike Rossio
Trump to attend GOP's spring donor retreat

The 11th Hour with Brian Williams

04:34 min | 10 months ago

Trump to attend GOP's spring donor retreat

"Trump is scheduled to speak at the cpac conference on sunday while americans go about living their lives. Political reports trump is expected to attend the rnc upcoming spring donor. Retreat in april quote. The rnc's donor. Retreats are a prime stop for future presidential candidates who use the events to establish relationships with wait for it. Major contributors Back with us tonight. Abc veteran washington journalists and associate editor and columnist over a real clear politics and matthew. Dowd he is the founder of country over party. We should point out. He is a texan. Who has a new appreciation for a hot shower. Since the cold dark outage of late and in the past matthew was chief strategist for the bush. Cheney presidential effort Back in oh four Welcome to you both. Ab you right with your usual candor and clarity quote just six weeks. After a deadly insurrection against the us government republicans are past their horror and hopping eagerly back on the trump train. The new twenty twenty one ticket price. They must buy into his big lie. That brings us to the question a. b. if trump is the banner under which they all must run under which they all must try to raise money he lost. How can that be a winning strategy. Whatever he says goes so you saw that. Nothing made it more clear than the house. Gop whip steve scalise going on tv. The sunday after his visit mar-a-lago where apparently they just talked about their families and how chill and relaxed. The president has been in his post presidency period at his resort and he just could not bring himself to say that this was a free and fair election. He said yes. Legitimately biden one when he was pressed by jonathan karl of abc news because elector said that on december fourteenth basically. He said a lot of sing. Swing states just didn't follow their own state laws and a lot of people are very concerned so what you do is instead of spreading the big lie. You never defy trump. You never disavow it and you never spell it you sit and you never discuss. How pernicious and dangerous. It is liz cheney and adam her and others have you just sort of try to circle around it because quote your constituents buy into it. And that's what's gonna keep you in trump's orbit if you want to keep your job in twenty twenty two. Matt voters have a funny way of kind of market testing ideas on their own and figuring out what. And what's gonna fly. How is this gonna fly especially in republican tightly contested suburban races two years from now. Well i think it does well in republican primaries. So i think that's the issue and that's the real problem for the republicans right now. They know that. Donald trump tests eighty eighty five percent popularity among the voters at will participate in republican primaries even in republican primaries in purple states or in suburban districts. That are swing districts. The problem is every time they venture into capturing that republican primary voth it more and more offense the people in the general election so it gets okay in a red state or deep red district to do that but when you start to try to win in suburban areas around houston suburban areas around dallas suburban areas in michigan suburban areas in california. It becomes exceedingly problematic. An i think that's the problem there in though it doesn't seem like they're in any way trying to confront that general election problem that they just keep pushing that often it's somehow they think is going to solve itself. It's almost as if they're going through this primary. They did in two thousand fifteen in twenty sixteen where they thought that donald trump problem would salve itself or he would peter out or nobody would deal within or somebody else would handle it and they didn't have to and then what they ended up having donald trump the republican nominee and then donald trump the republican president and now donald trump the republican president. So i do think it's his party. I don't think there's any question anymore that it's donald. The drill pay party is now the trump party and everything that donald trump does from town to what he cares about to. The conspiracy pushes is the republican party.

Donald Trump RNC Steve Scalise Matthew Jonathan Karl Cpac Liz Cheney Dowd Cheney Us Government ABC Elector Abc News GOP Biden Washington Bush Adam
"chief strategist" Discussed on WBZ NewsRadio 1030

WBZ NewsRadio 1030

03:08 min | 11 months ago

"chief strategist" Discussed on WBZ NewsRadio 1030

"The threes. 10 05. It is the first time since Andrew Johnson that an outgoing president is not attending the inauguration of his successor, President Trump is about to become a civilian. He gave some parting words a short time ago. A joint base Andrews. I wish the new administration, Great luck and great success. I think they'll have great success. They have the foundation to do something really spectacular. Spoke for roughly 10. Minutes, thanked his family's staff and supporters. He touted his accomplishments again like we heard last night in his speech, namely tax cuts, the stock market and the vaccine. He talked about the China virus again, and then he wished the next administration success without specifically naming. Joe Biden is flying on board Air Force One of Florida right now, where there is a large gathering party to greet him. In his final hours as commander in chief. The president issued a flurry of pardons. But the Tiger king if you were wondering Joe exotic, who had a limo waiting for him outside of prison, did not make the final cut. ABC is Jonathan Quarrel tells us who did a bunch of pardons and commutations over 140 of them, But the one that really stood out with Steve Bannon, Steve Bannon, of course. Was the chief strategist here at the White House. Hey, was the chairman of his presidential campaign. Steve Bannon had been charged with as part of a scheme allegedly defrauding Trump supporters, actually raising $25 million for an organization called We Build The Wall. Very Little of Wall was actually built with that $25 million. Incidentally, the president did not issue any pardons for any family members. Now the soon to be president will hit the ground running after all. The pomp and circumstance by them will sign roughly 17 executive orders this afternoon after taking the oath of office. He's stopping construction of the border wall. He's reversing President Trump's immigration policies. He will direct the United States to rejoin the World Health Organization and the Paris climate accords. There will be new orders on the Corona virus pandemic, including a mask mandate. And much will be different for inauguration ceremonies with DC under protection with the National Guard. But much will be the same. Coming up. Drew Mahala will tell us about the music that will help usher in the new White House. It's 10 08 joining us now from Bloomberg Business News. Here's Joan Doniger. Laurie. There may be positive news this morning about the covert vaccine made by Fizer and its German partner. The two companies are pointing to a study indicating the vaccine will protect against the new, more contagious strain of the virus. This doesn't compare with the 32,000 layoffs at Disney last year, but the company's top execs did feel some impact of the pandemic. Disney executive Chairman Bob Iger so he's pay cut by more than half now. Still did pull in more than $21 million last year on Wall Street this morning, the Dow up 181, the NASDAQ 199, the S and P 36. I'm Joan Doniger Bloomberg Business on WBZ, Boston's news radio..

president President Trump Steve Bannon Joan Doniger Joe Biden Bob Iger Disney Trump Andrew Johnson chief strategist chairman Joe exotic China executive Chairman Bloomberg Business Bloomberg Fizer White House ABC
"chief strategist" Discussed on WNYC 93.9 FM

WNYC 93.9 FM

05:44 min | 11 months ago

"chief strategist" Discussed on WNYC 93.9 FM

"Line from NPR News on Corfu Coleman. President elect Joe Biden will be inaugurated in five hours on the West Front of the U. S Capitol. His team says he'll get to work immediately in the Oval Office. NPR's Scott Detrol says Biden will sign 17 executive actions. Going to rejoin the Wh GIO and require masks on federal property and interstate travel on climate and the environment. He's going to rejoin the Paris climate agreement. That's something he promised for more than a year now to do on his first day. You going to start the process of undoing 100 Trump Administration environmental rules, and he's going to revoke the presidential permit for the Keystone XL pipeline and on racial justice. Just in a one thing, he's going to revoke the Trump administration's order limiting diversity training, NPR's Scott Jetro. Biden will attend Mass this morning and ST Matthew's Cathedral in Washington with Vice President elect Kamila Harris. They'll be joined by a bipartisan group of congressional leaders that includes House Speaker Nancy Pelosi, Senate Majority Leader Mitch McConnell, Senate Democratic leader Chuck Schumer and House Republican leader Kevin McCarthy. Former presidents Barack Obama, George W. Bush and Bill Clinton will attend binds inauguration today, but President Trump won't he's leaving the White House next hour. Trump is going to hold a departure event at joint base Andrews in Maryland and then fly to Florida aboard Air Force One. In his last hours in office. President Trump issued 143 pardons and commutations as NPR's Jacqueline Diaz reports. Among the recipients is Trump's former chief strategist, Steve Bannon. Trump's party early Wednesday Clear Steve Bannon of charges related to a fraud scheme. And and and three other men were arrested in August for allegedly defrauding donors of an online campaign to build the US Mexico border wall. Prosecutors say Bannon and others raised $25 million from donors and took some of that money to line their own pockets. No wall was ever built. And it hasn't been a member of the White House since 2017 when he was pushed out. Despite this, Bannon has remained one of Trump's biggest defenders. Jacqueline Diaz. NPR news today marks one year since the first confirmed covert 19 hospitalization in the United States. Member station K U Ow! Anna Boiko. Why Rock has more mid January Last year, the 35 year old man returned home to Washington state from a visit to Wuhan, China, He started coughing and feeling feverish. And on January 20th 2020. He was hospitalized at Providence Regional Medical Center, and Everett Washington Chief clinical officer Amy Compton. Phillips says the hospital system started preparing. All right, Everybody make sure you know what happens if you get somebody with a novel Pathogen practice drill. So there were some things we were able to do quickly because for us, this was real. It was here. The patient survived and has not been publicly identified. For NPR news. I'm Anna Boiko, Iraq in Seattle. You're listening to NPR news and this is W in my sea in New York, four minutes after seven o'clock Good morning. I'm David 1st 39 degrees now becoming sunny this afternoon high of 42 degrees today. President Trump put into place plenty of anti immigration policies over the past four years, But W N Y. C is Matthew Sherman reports his administration tabled a big one. In May, 2019, the Department of Housing and Urban Development proposed removing almost all undocumented immigrants from public housing, including those living with relatives who are citizens. The idea drew thousands of negative public comments. Here's Max Hadler of the New York Immigration Coalition. When you tried to create a policy that targets mixed status families, then you're effectively forcing families either potentially experience homelessness or two separate from one another wouldn't explain why I never finalized the rule. Adler says. By the time it was ready to do so, the pandemic it hit and the prospect of a victim anyone from their homes may have simply been untenable. Only about a quarter of the covert 19 vaccine doses set aside for New Jersey's long term care facilities have been administered, and state officials are frustrated by the delay. W N Y. C is Karen, he reports. New Jersey has reserved more than 200,000 doses for nursing homes and other assisted living facilities. The vaccines are being administered by CVS and Walgreens under a federal partnership that's been adopted by 48 other states, including New York. Governor Phil Murphy says only 50,000 doses have been given out since the program began three weeks ago. No question the federal program is meaningful, E lagging what we have control over in the state. Murphy says. Walgreens isn't moving quickly enough to vaccinate long term care residents and staff. Numbers show CBS has administered most of the doses inside facilities. Spring that Excuse me. The Spring Valley and double a CP chapter is asking for nearly $4.5 million in legal fees owed them by the East Ram, a post school board after winning a voting rights lawsuit last year. Instead, the board wants to pay $1. Thomas Zepeda was a reporter with the journal News and low hud dot com. He says the private law firm that represents the end of the has vowed that their portion of the judgment would support the black and brown students that make up the public school system. They said that they're gonna donate all their money, which would be roughly $3 million to, um, a nonprofit organization. That would service East Ram a pope public school students, a federal judge ruled that the way board members was elected was unfair to black and Latino voters. The school board says that paying the judgment would be a financial hardship and could require the firing.

President Trump NPR News NPR Steve Bannon Joe Biden President Anna Boiko White House Jacqueline Diaz United States New York Department of Housing and Urba Oval Office Senate New Jersey Corfu Coleman Paris Walgreens House Speaker Nancy Pelosi Keystone XL
Trump pardons ex-strategist Steve Bannon, dozens of others

AP News Radio

01:00 min | 11 months ago

Trump pardons ex-strategist Steve Bannon, dozens of others

"President trump issues a hundred and forty three last minute pardons and commutations before leaving office among them former chief strategist Steve Bannon allies of trump and his family ex members of Congress and some rappers besides Bannon others include former Detroit mayor Kwame Kilpatrick convicted of corruption former congressman Duke Cunningham convicted of accepting more than two million in bribes Republican fundraiser Elliott Brady who pleaded guilty to conspiring to violate foreign lobbying laws Jared Kushner's friend can person charged with cyberstalking Lobsang Grillo a dad caught up in the college admissions scandal rapper Lil Wayne convicted on weapons charges death row records co founder Michael Harry O. Harris behind bars for attempted murder Paul Erickson ex boyfriend of Russian agent Maria BUTINA convicted of defrauding oil investors missing from the list wikileaks founder Julian Assad and hard working star Joe exotic I'm Julie Walker

President Trump Steve Bannon Elliott Brady Kwame Kilpatrick Jared Kushner Bannon Duke Cunningham Lobsang Grillo Donald Trump Row Records Co Detroit Congress Michael Harry O. Harris Paul Erickson Lil Wayne Maria Butina Julian Assad Joe Exotic Julie Walker
Trump pardons dozens in final hours, including ex-aide Steve Bannon

Eric Harley and Gary McNamara

00:41 sec | 11 months ago

Trump pardons dozens in final hours, including ex-aide Steve Bannon

"His last day in office, President Trump issued dozens of pardons and clemencies. Not surprisingly, the list includes Steve Bannon, Trump's former chief strategist. Bannon faces a federal case accusing him of defrauding donors of more than a million dollars is part of a fundraising campaign. Reportedly aimed at supporting Trump's border wall. President Trump also granting clemency to former Detroit Mayor Kwame Kilpatrick, a Democrat. He resigned back in 2000 and eight after being convicted of perjury and obstruction of justice. He's currently facing a 28 year prison sentence. Also receiving clemency. Rappers Lil Wayne and Kodak Black who were prosecuted on federal weapons offenses, boxes, Marianne Rafferty. One noted

President Trump Steve Bannon Donald Trump Bannon Kwame Kilpatrick Detroit Kodak Black Lil Wayne Marianne Rafferty
Donald Trump pardons Steve Bannon amid last acts of presidency

BBC World Service

00:18 sec | 11 months ago

Donald Trump pardons Steve Bannon amid last acts of presidency

"White House aide and chief strategist Steve Bannon. A list of individuals receiving pardons under Trump was released within the past hour. Bannon was facing federal trial on charges of defrauding Trump supporters who donated money to help pay for a wall on the border with Mexico and a farewell address

Steve Bannon Donald Trump White House Bannon Mexico
Republican Congressman vs. David C. Smalley

Dogma Debate

06:03 min | 11 months ago

Republican Congressman vs. David C. Smalley

"Let's jump straight in. Because i want to bring our guest in on the conversation immediately. He's a former congressman from virginia's fifth district he's now nc are is chief strategist and author of bigfoot. It's complicated which. I really hope we have time to get into and i really hope. He's still a republican. Let's find out join me in welcoming denver riggleman to the show. Thanks for joining me today. Sir thanks for having me sir. Oh well you heard that with us for the first time it just came out moments ago. What are your thoughts. So i'd like to state as we start here. The president trump reid tweeted a few months ago that the joe biden. Kill seal team six. I think god you're right. No you know. That's and that's what i was when i was listening to that speech after what i heard Down near the white house right before the siege on the capital. In fact that i've been in. Congress have been in the house. And i knew some of those people that spoke like madison call or mo brooks of talked to many times Don jr. meant obviously rudy giuliani I've met obviously and and what i really saw. Their david was absolute Language to incite really. It happened over the months and months and to hear that right now. My my first reaction is not really a politician but as an intelligence officer and something counter-terrorism like somebody's very afraid of the senate trial for impeachment. I thought the same thing Michael came in a few seconds in michael goes. Looks like a hostage video like he looks like he like. It's not really his words. He just feels the need to say these things he had to. I mean you know. The thing is is that his his term does end. I know that there are some people that are still listening to pastures and trucks talking about biblical prophecy that president trump is right now hidden a bunker and mike. Flynn is going to be the next vice president but by the way that's true. I just saw this video two days ago. One hundred eighty five thousand likes david on a facebook video from some dude in a truck saying that you know he's a pastor and had biblical prophecy and he just went through the whole cunanan thing and i just shaking my head about the ridiculousness out there. But he still wants to keep his brand to. He's got to make money. And how's he going to do that. And i think there's a lot of things you need to worry about. And that speech was the copa. That was so too late and show not anything that he said before that very hard to believe men. You're spot on. I mean. I i you know about damn time is the first reaction and then does he even believe the stuff he's saying is the second reaction So late you know so late to the party So that so that my listeners have a little bit background as to why this conversation between the two of us is so important You know you're you're only a former congressman because apparently you weren't conservative enough for your district right you. You lost to someone who was far more conservative and on top of that. I've seen you. I've seen pictures. Anyway of you officiating. Same sex wedding so you don't sound very republican the to us sir. What's going what's going on over there. Why are you so open minded and logical. You know when iran. You know. i've only been. I don't know people know this about me. I was i was a ceo. sell my company in two thousand twelve doing counterterrorism and counterintelligence work. Could you know not. Only that i can. I can go back in time. If i told you the crazy stuff. I've done like we mission plan. The first bombing runs death in afghanistan for nine eleven. that was our squadron. It was me Oman training omanis on. F16 sixteen operations in two thousand and ninety nine. I was on. The romanian serbian border for operation. Allied for trying to stop ethnic cleansing. I've had a hell of a life and that's just the beginning counter idea. Actually our team that was tracking sulejmani and two thousand six two thousand seven so when people saw my resume like this son of a gun never been in politics before when i ran as a republican i was asked to because the my predecessor had to resign because of alcoholism. Which is a little ironic. Since i'm going to stiller. I one on accident one by one. Vote against a christian. Dominion est They called me a baby killing sodomite But i thought if if practicality and i was a good guy team player like in my military days voted independently when i had to I thought i would see that. I care about people more than the career. Because i didn't need the paycheck and sadly after the same sex wedding david conspiracy theory started about me that i was working for soros to turn children into alternative lifestyles by funding schools. To teach that doug gay sex was okay. And that i really started saying cunanan was turning and blossom and this was back in twenty nineteen and since my background is in you tracking isis and al qaeda and disinformation and radicals. I said this also looks like that. We have almost the same type of thing here. We have people that are using language of dehumanisation and antisemitic. Tropes to go after people. And you know it's like a lot my book right. It's about bigfoot belief systems and take over people's lives so really been a hell of a time for me. I never thought that My family we get death threats You know i never you know. I never thought that. I can tell you this. Now that somebody would remove the lug nuts are in them all up on my right front tire at a rally where i came out and felt funny and took it to a shop and look like they tried to hurt me pretty bad so this has been one of my life has been like for the past two years david. And guess what athem you know. This is what they want to bring it. Bring it because i got fifty acres of distillery and i'm a second amendment guy and but i'm also a free thinker and pretty socially libertarian. So i don't know where. I fit bud

Riggleman Trump Reid Cunanan Mo Brooks Don Jr President Trump David Bigfoot Joe Biden Rudy Giuliani Denver Sulejmani SIR White House Madison Flynn Virginia Congress Senate Michael
"chief strategist" Discussed on WNYC 93.9 FM

WNYC 93.9 FM

06:50 min | 1 year ago

"chief strategist" Discussed on WNYC 93.9 FM

"Boston. If you're just joining us, I've been talking with Ben Smith, the media columnist at The New York Times Reclined, political director for ABC News and his counterpart at CBS News, Caitlin Kona about how political news coverage will change post Donald Trump. You know, just from a totally process standpoint, putting my old communications hat on for a minute, But I think you know we had a president who was his own chief strategist. His own media advisor and communications director, and that is going to change and we're already seeing it with traditional roll outs from President elect Biden. And they are giving certain outlets scoops and they're floating trial balloons to put people's names out there for Cabinet positions to see to test the waters on how they're received. Whereas for the past four years we've all been living on Twitter to see if the president's gonna fire someone or what he's going to say that day and he was making his own news. So I think just from a news gathering and consumption standpoint, things are gonna be very different for us and for the public, and I think just as candidates and lawmakers need to have know who they are. Have a message. No, their audience. I think we need to know who our audience is. Because we're gonna have to say okay if we want to break news and being a spot, too Roll something out. What do we have to What can we find? The others can't And what do we want to invest in? Because I think a lot of the issues what I expect is news organizations are probably going to beef up. Hill teens and policy teams because a lot of news is going to be breaking at an agency level and what negotiations are happening between the White House and the Senate and You know, so far, I think the transition team seems pretty disciplined, and it's a traditional communications operation. To the extent that they're squeaky wheels, who are leaking news is probably going to be coming from elsewhere. So I think those are all new things when we've been dealing with, you know, really the principle being the deliverer of all news and making his own decisions every step of the way, and I think that's just gonna be Something that was normal before and we're gonna See, you know, get accustomed to again. Yeah, That's a really good point. This idea that you no longer have to have 16 people on rotation at the White House and instead redeploy those people. I mean, is that what you're already starting to do is to say we don't We don't need this level of we're not gonna need this level of coverage at the White House. We're just starting. At least it's CBS. You know, thinking about what happened. So campaign reporters beyond I'm having discussions about Whereto. You know what to do with them next, and I think Policy and agencies and the hill. Given what they've done. Putting them on some of those beats that we haven't had discovered would make a lot of sense. And do you think that interest now in politics? It goes back to being boring once again, and it's just dorks like us who love covering politics that stay in it, but that this idea that Politics can dominate our lives in the way it has. For the last four years, regular people being engaged in it is that is that era over now. Well, I think to their two things. One is I do think that people have been You know, feel that politics and of the United States can go really off the rails can really change that the realm of possibility. Imagination is much wider than they thought. And it can either be really inspiring for if you support trump or really scary if you don't and I don't think that feeling's going to go away. I think the idea that you know politics is like this sport that you can watch for fun but doesn't really have an impact on your life. Is something that people no longer feel on that air When you try to talk about politics that way, I think a lot of our audience they're kind of disgusted by it actually sort of horse race stuff. On the other hand, I think day today. Yeah, I think people are gonna not be interested in the negotiations on Capitol Hill and the like, You know, outrage that there were only six votes and committee and that's this incredible violation that actually we gotta switch sides, and we're in favor of there being six votes and committee and all this stuff that's so complicated process driven that it's hard to understand for regular people. And also, you know, the Hollywood hasn't released any new movie like, Well, there was a couple of movies Maybe people saw tenant, but that's about it in theaters for a year, But there's this huge stockpile of Entertainment that he's just sitting there in the studio is waiting for theaters to reopen for theatrical re openings. Production until on entertainment TV stopped for months in the spring. It is back up and running. Maybe something there's gonna be a lot better content coming out next year than politics, and people are gonna have a lot to tune into art. Is it going to be all politics related content? I mean, are there going to be 46 different trump by bio pics? Or are people going to be over it? Anybody want to watch that? I don't think we all I mean, I think Trump sort of defied You know, fiction, right like that? No, I don't think there's gonna be a ton of like great entertainment coming out next year, and people are gonna tune out and then you know, E mean All I want to do is read like travel stories for summer, 2020 and Amy. I had all that. I mean, Joe Biden built his campaign on that calculation, Essentially, that people didn't want to have to worry about the president tweeting in the middle of the night. And, like the Obama said that a bunch of rallies for the end, wouldn't it be nice if you don't have to think about your president every day? And it seems like such a basic thing, but You know, he has become so much of the news diet for everybody that on Biden probably benefited, at least on the margins from the perception that you know, like him or not. I won't have to worry about him. You know, Starting a Twitter war with somebody Randomly and and just you know that that's slower pace. It may frustrate us in the news business because we love every white House. The leak like a sieve. We'd love Tito. You know, the palace intrigue stories there. Catnip. They're terrific stories. There's so much great reporting that's happened at around the White House these last couple years. I mean, just incredible stuff. Stuff You never ever get out of any White House that's come out and I anticipate There's not gonna be anything like it again for a while. The Biden world isn't going to be like that. And we're gonna be back to, you know, a much more manage. It will be frustrated by it a times and no doubt that White House reporters will be calling for more access and sound off about things that are dead are walled off. But the Biden teams calculation is let's go back to the way things were, and people sort of liked it that way. And if they're not thinking about politics every waking minute But that's on a net. A good thing. You guys I could keep this conversation going for a long time. But we don't have forever but I appreciate it so much recline. Caitlin Conan Ben Smith. Thank you guys so much. Great.

White House Joe Biden president Donald Trump Twitter Ben Smith ABC News CBS News Cabinet Caitlin Kona chief strategist United States political director The New York Times advisor Senate Whereto CBS Hill
Why the Treasury wants its money back

Marketplace with Kai Ryssdal

02:40 min | 1 year ago

Why the Treasury wants its money back

"There are days of which this is one when we are obliged by the news to get just detached down in the weeds so we will because we have to. But we'll do it gently back in march in the cares act. Congress authorized the treasury department to let the federal reserve us about four hundred and fifty billion dollars to fund. A bunch of fed lending programs programs that would and remember back in march and april. The fear factor was pretty high in this economy. Right these programs would stabilize credit markets. And in a way thus backstop the whole economy. Well yesterday treasury secretary steven mnuchin. Told jay powell. He wants the money back. In other words those lending programs the secretary said are none the fed not known for its political loquaciousness. Said in a statement. Yesterday afternoon it would prefer the money and the emergency programs. Stay where they are. But after noon sherpao roach secretary mnuchin and told him the money's on the way so we will get to the what it all means thing with lopez and genus smile. Like in a minute but first marketplace abbreviation shore with what exactly these programs did in different ways. These programs all allowed the fed to get down and dirty in the mud of credit market so for example a couple of them allowed the fed to actually buy corporate bonds another loved the fed to buy short-term bonds from state and local governments another allowed to indirectly by up car loans and student loans they essentially stood there and said you know we'll be a buyer of these things will support these markets yousef obasi is global market strategist at stone ex. Now the reason we care that the fed could buy these securities. Is that for a while. They're in this pandemic. It was looking like nobody else would and if nobody wants to buy up for example loans. People aren't going to get as many loans and loans are what kept some businesses. Live and local governments functioning. You're talking about essentially the entire credit markets could've yearly froze if the fed didn't step in with these facilities the fed supported credit market so credit markets could support people. Chris campbell is chief strategist at duff and phelps and former assistant secretary of the treasury they allow for serbia liquidity or money available to banks or institutions to have them to be able to lend you money by all accounts. These programs worked. Edward altman is professor of finance emeritus at nyu. The treasury felt that it has succeeded so well that it's no longer necessary. Oldman sees that is. Ill advised to give them the looming threat of further shutdowns but secretary mnuchin has said businesses need grants now not loans. The four hundred and fifty. Five billion dollars in question could be re purposed into a miniature stimulus. Deal before a new president is sworn

Federal Reserve Treasury Secretary Steven Mnuc Jay Powell Mnuchin Treasury Department Yousef Obasi Stone Ex Congress Lopez Chris Campbell Edward Altman Treasury Duff Phelps Serbia NYU Oldman
How Is Social Media Confronting Election Misinformation

South Florida's First News with Jimmy Cefalo

03:52 min | 1 year ago

How Is Social Media Confronting Election Misinformation

"Well, we had so much speculation about social media. You know there there's gonna be a lot of misinformation Election night and all week was there. And how did this all work out? Yes, all the major platforms did have plans as we talked about last week to try to prevent misinformation from surging on social media. In retrospect, it appears that Facebook and Twitter have managed pretty well. But YouTube is still being criticized for how they handled things. Twitter regularly flag the president's account for Miss Linney tweets. And permanently suspended in account belonging to former White House chief strategist Steve Bannon proposing a video on the network inciting violence against Dr Fauci and the FBI director. The video was live on Bannon Facebook Page, though for about 10 hours before it was removed, and YouTube also eventually removed the video for violating its policy against inciting violence. YouTube was criticized for being too slow to take action on this and other videos. Facebook also removed a fast growing group called Stop the Steel, in part because it also called for violence from some members of the group. Twitter and Facebook, both suspended or tag left and right leaning news accounts posting information about voting, including at least three fake Associated Press accounts. That Twitter hastily removed Wednesday after they declared bite in the winter, winter and Michigan before it was actually announced. So lots of information I did see even in my own social media that I wasn't getting notifications from some more kind of politically leaning groups and you know that they definitely were slowing down the spread of information for sure on Facebook. Right. I saw 11 restaurant here Is Florida posted something. That was very far left. And and boy. Oh, boy, did they pay for it? I mean people for out with vengeance after them and Is just not a smart marketing move. If you're you gotta remember over 70 million people voted for Donald Trump. And if you are, I have a business that requires you to draw customers to it. Maybe it's not such a good idea to do that, but I could be Ah Pinterest licked in other social media sites of Ah, forced into the war against massive information this cycle. How does pin it up interest to do that? I mean, I thought this was something you look for. Don't know. Pictures and stuff, right? Yes. Well, you know with with these other network, you know being you know, focused on taking down misinformation. People are turning to these other groups up interest, which is normally a place to share recipes or crafting ideas. Researchers found that the phrase stolen ballots Um, promoting false claims about vote county of process. So the company they're also removed post had violated its policies even linked in which, as we know, it's mostly about, you know, sharing business information. Where people were sharing videos and articles that push false claims about the election. The company also moderated post that it considered to be incorrect, so people who were having their post taken down on Facebook or Twitter were turning to other Other networks, some even the social media site next door neighbor. I don't know if you tell you that too much most commonly place to complain about speeding neighbors with used to Paul Post claims about the election, and but that apparently is pretty much self moderated. So the people who are in the neighborhood were taking down those so You know, Certainly, people will definitely find lots of places to post information and, you know, it's really up to all of us to make a decision about what we want to believe in. You know where we find credible info. Yeah. And look, look some other places too. Just don't take one and say, Oh, look at that. A lot of sources these days.

Facebook Twitter Miss Linney Steve Bannon Youtube Dr Fauci FBI White House Associated Press Donald Trump Pinterest Michigan Florida Paul Post UM
"chief strategist" Discussed on Biz Talk Radio

Biz Talk Radio

01:50 min | 1 year ago

"chief strategist" Discussed on Biz Talk Radio

"They could put the air on the railroad. Essentially, that's right, and they can dive in. There's an old saying that I learned from a mental remind who, you know Max Cherry. Junior, one of the chief strategist or was the chief strategist about that Steak House Corporation. A groom from one started 2000, my favorite mentor. But there's one thing that he taught me and that is there can be no strategy without intelligence, right ever beat that There can be no strategy without intelligence. So I take it a step further and say that there could be no greater strategy than when it's built around real time intelligence. So when you say ear to the rail road, that's precisely what I mean. Okay, So whatever business that you're in, though, their search get your intelligence find out what's being said. Especially really time okay? And then go through the search bars like that, like search dash advanced on Twitter and find and you're going to see the latest and greatest news. If you're gonna call through, it's going to break down, which are the most key. Influential conversations at this moment that you're gonna identify them as friend or foe is the competitors. Write what you can learn from competitors. Right course for Is this a friend and then you can qualify that in the way I qualify them as I'm calling through conversations that air that irrelevant and applicable to my business. I qualify it as a real time scales. I'm in a bucket. Right? So I've got all these buckets here real time seals. They throw that here and then later on, I can follow with that right business development opportunity, right? This might be somebody I want to do business with. It could be a co marketing opportunity, which is slightly different than a business development opportunity. So I could figure out exactly the target audience or the person I want to get in front of you figure out where the demand is, and I can serve that by realtime actually hearing what people are talking about right here to the road. Go through there and Cole through get your intel can have strategy while intelligence. So now your qualifying all these different leads for you. But you can capitalize on so you're real time Scales leads your business development opportunities, your code marketing opportunities, right your media exposure opportunities. I can guarantee you that every single writer and journalist lives on Twitter. I don't share their instagram or the Facebooks with you, but they all live on Twitter. And the best way for us to get into the news is to be timely, right,.

Twitter chief strategist Max Cherry Steak House Corporation intel writer Cole
Are We Being Forced to Buy Stocks

Money For the Rest of Us

06:27 min | 1 year ago

Are We Being Forced to Buy Stocks

"Last week in the insiders guide email newsletter I pointed out the expensive valuation of US stocks. Specifically I showed that the forward price to earnings ratio the P. E. based on earnings estimates over the next year was twenty, two point nine. That's three standard deviations above its average of sixteen times going back to two thousand, three at data from Ned Davis. Research. In reply to that email, Andrew wrote regarding stocks being expensive on a forward e true but there's no alternative. What do you do with bond yields near Zero and the vanguard total stock market? Index. Fund. Yielding two percent. By VPI, the vanguard total stock market ETF. JASA forwarded to me a paper by Bridgewater says, which I'll discuss in more detail later in this episode. I had a similar question from a plus member in the money for the rest of US plus member forums. He wrote. So the Fed signals that it wants to keep rates low for three more years. Canada's pension. Fund is reevaluating bond-holdings and you've got an army of small and large investors bidding up companies like Tesla and snowflake to absurdly hype. All this combined to make me think are we as individual investors now forced to buy equities? Is this the mother of all bubbles in which there's literally no other things suitable for purchase. There is a lot of speculation in stocks right now. Jim. Bianco Bianca Research pointed out that small traders are dominating the options market. Bear most of the trades right now and seventy five percent of that volume is an option contracts expire in two weeks. So short term bets. Look at South Korea and article from Bloomberg pointed out that day traders in South Korea have accounted for eighty seven and a half percent of the total value of stocks traded in the first part of September. You. Some men chief strategist at Samsung Securities said retail investors appear to be seeking short-term profits after hearing their next door neighbors earned lots of money from stocks after the March selloff. Receiving a similar situation in India. The Financial Times reports that the number of individual investor accounts rose twenty percent from the start of the year, the twenty, four million, and they point out that around the world, an influx of investors are investing in stocks for the first time. Are. We in a bubble? Is it a speculative frenzy? Are we forced to buy these stocks because there are no alternatives with also? One of the things I like to do investing is think about what's different this time what's unusual? What what doesn't fit the pattern? I had two instances of investing this past week where something didn't fit the pattern Lebron, I were driving up in the mountains of Montana and a small bear cub really bolted right in front of us no idea what it was running from. My son suggested he was running from the year twenty twenty. And then few days later at our front door, there were seven cows drinking water from the driveway eating our bushes. There are no cows around us. We live in an area that nobody keeps cows but there they were right in front of my house. Turns out. They had strayed from the National Forest, which is not very far some outfitters have grazing rights and drop off the cows and leave them there all summer pick them up come late October, and they had straight down because some of that newly cut barley fields, but it didn't fit the pattern. Cows at your front door. Don't fit the pattern. What's different now on investing front that could justify more expensive valuations for stocks. Well, for the first time, ever US interest rates are near zero from short term out to ten years. This is known as a flat yield curve, which is an unusual. We've had flat yield curves in the past. But it's flat near zero. There was a flat yield curve where ten treasury bonds and cash for yielding similar back from two thousand and five to two thousand seven. But yielding four percent. And from two thousand to two, thousand, two cash and tenure treasures were yielding five to six percent. Today, the ten year Treasury yield is zero point, six percent and cash is zero. The Federal Reserve intense to keep it that way. The recent policy statement suggests that they will keep their policy rate. What's known as the Fed funds rate near zero until labor market conditions have improved. The. Unemployment rate has dropped close to to to maximum employment and that inflation has risen to two percent is on track to moderately exceed two percent. They included their economic and rate projections and all, but four officials on the committee. Expect the Fed funds rate is still be near zero at the end of twenty, twenty three. Rates are low across the board. It is a different investment environment than we have ever faced before. And that's what this paper by bridgewater associates was about. It was titled Grappling With the New Reality of zero bond yields virtually everywhere. It was written by Bob Prince Greg Jensen Melissa fear, and Jim Haskell. I. Discussed Bridgewater Associates Founder Ray dallies views back in episode three, hundred changing world order in this paper bills off that. Before we continue let me pause and share some words from one of this week sponsors masterworks. I've shared on the show how low interest rates are on bonds and yields and cash about zero money has to be invested somewhere in preserving your wealth is as hard as it's ever been. That's where masterworks comes in. If you're looking to diversify out of the traditional public markets, then take a look at masterworks. They make blue chip art investing possible works by artists like Banksie, 'cause and Warhol. Art is a one point seven trillion dollar asset class that has performed better than s five hundred by one hundred and eighty percent between two thousand and two thousand eighteen according to Citibank.

United States Federal Reserve Jim Haskell South Korea Ned Davis Bridgewater Bridgewater Associates Financial Times Andrew Bianco Bianca Research Canada India VPI Tesla Bob Prince Banksie
"chief strategist" Discussed on WTOP

WTOP

02:05 min | 1 year ago

"chief strategist" Discussed on WTOP

"Now President Trump is distancing himself from former adviser Steve Bannon after Bannon was arrested in connection to an alleged fundraising scheme for a border wall fund. Former adviser to President Donald Trump, Steve Bannon smiled as he left in New York City courthouse Thursday. He spoke briefly to a swarm of supporters and media presidents, former chief strategist is out of jail on $5 Million bond after pleading not guilty to wire fraud and money laundering charges, Prosecutors say he defrauded donors in a $25 million campaign to fund a wall along the border with Mexico. CBS News correspondent Naomi Rockem Former Virginia governor, Terry McAuliffe has filed paperwork to run for his old job, a spokesman says the longtime Democrat who has worked as a political analyst and commentators since he left Richmond will make the official decision whether to run after the general election. McAuliffe has always seemed a likely candidate for Governor. University of Mary Washington political science professor Stephen Farnsworth says there's a motivating factor for Terry McAuliffe to throw his hat in the race. When McCall was governor, he faced a big Republican majority in the House. Delegates and many of his initiatives were stymied. I can only imagine he would love to be a Democratic governor with the Democratic majority of delegate Jennifer Carroll. Foy, who's announced her candidacy for governor is critical of McAuliffe's potential run, saying quote politicians of the past won't save us. Meghan Cloherty w T o P News Full House star Lori Laughlin and her fashion designer husband, Massimo JIA, newly are set to be sentenced today for paying a half million dollars in bribes to get their two daughters into the University of Southern California as rowing recruits. Lachlan is play deal calls for her to serve two months behind bars Julie's calls for five months. The famous couple pleaded guilty in May up ahead. What should you do now that researchers have discovered kids carry a bigger load of Corona virus than first thought. It's 8 37. Following is a paid commercial message. This's Bishop.

Terry McAuliffe Steve Bannon President Donald Trump McCall chief strategist Naomi Rockem New York City University of Mary Washington CBS Jennifer Carroll political analyst wire fraud Meghan Cloherty Stephen Farnsworth Lachlan Massimo JIA Virginia Foy Lori Laughlin
Former Trump chief strategist, Steve Bannon, arrested on fraud charges

WTOP 24 Hour News

00:39 sec | 1 year ago

Former Trump chief strategist, Steve Bannon, arrested on fraud charges

"Trump is distancing himself from former adviser Steve Bannon after Bannon was arrested in connection to an alleged fundraising scheme for a border wall fund. Former adviser to President Donald Trump, Steve Bannon smiled as he left in New York City courthouse Thursday. He spoke briefly to a swarm of supporters and media presidents, former chief strategist is out of jail on $5 Million bond after pleading not guilty to wire fraud and money laundering charges, Prosecutors say he defrauded donors in a $25 million campaign to fund a wall along the border with Mexico.

Steve Bannon President Donald Trump Chief Strategist New York City Wire Fraud Mexico
Steve Bannon Arrested on Border-Wall Fraud Charges

THE NEWS with Anthony Davis

02:09 min | 1 year ago

Steve Bannon Arrested on Border-Wall Fraud Charges

"Architect of Donald Trump's twenty-six election victory who wants claimed he wanted to destroy the state and bring everything crashing down was arrested on a yacht on Thursday and has since pleaded not guilty after being charged with defrauding donors in a scheme to help build the president's signature wool across the US Mexico border. As a top advisor to trump's presidential campaign who later served as White House chief strategist. Bannon. Helped articulate the America first right-wing populism and fierce opposition to immigration that have been hallmarks of trump's three and a half years in office. Dinan was among four people arrested and charged by federal prosecutors in Manhattan with conspiracy to commit wire fraud and conspiracy to commit money. Laundering prosecutors accused the defendants of defrauding hundreds of thousands of dollars through a twenty, five, million dollar crowdfunding campaign cold we build the wall. Bannon used hundreds of thousands of dollars of that money to cover personal expenses according to the charges. He was freed on a five million dollar bond and was barred by Federal Magistrate Judge from traveling internationally. Bannon was arrested in Connecticut by agents from the prosecutor's office and the US Postal Inspection Service aboard a one hundred and fifty foot long yachts according to a law enforcement source trump told reporters at the White House that he feels very badly about the challenges but typically sought to distance himself from Bannon and the alleged scheme Bannon is the eighth close trump associates to be arrested or convicted of a crime former campaign chairman, Paul Manafort longtime friend and advisor Roger. Stone. Former national security adviser. Michael Flynn and former personal lawyer Michael Cohen. The indictment comes as the Republican. President trails Democratic challenger Joe Biden in opinion polls ahead of the November third presidential election. Biden's campaign said corruption surrounds trump.

Bannon Donald Trump White House Joe Biden Advisor President Trump United States Chief Strategist Dinan Michael Flynn Wire Fraud Mexico America Michael Cohen Paul Manafort Connecticut
"chief strategist" Discussed on WTOP

WTOP

02:18 min | 1 year ago

"chief strategist" Discussed on WTOP

"Biden's nomination, Democratic nomination Acceptance speech will bring it to you here on W T O P Some breaking local news tonight. Isaiah Murchison has been arrested for the murder of 10 year old Mukai a Wilson about two years ago in DC Wilson was killed in July of 2018. After four mass suspects jumped out of a car and fired gunshots into a crowded apartment courtyard on 53rd Street in northeast. She was just waiting to buy ice cream. D C. Police say that Murchison was arrested shortly after eight tonight by U. S marshals in Fredericksburg, Virginia. Murchison was one of 11 people indicted for the murder of the Little girl, eight of which were charged with murder, including her brother, his brother, Antonio Murchison, who was arrested last year. So another arrest in the killing of 10 year old Michiyo Wilson of D. C. Will have Maura's We learn it tonight. Nationally. President Trump's former chief strategist, Steve Bannon, has pleaded not guilty to charges that he ripped off donors trying to fund a southern border wall. President Trump's former adviser, Steve Bannon, appeared before a federal judge in New York via video wearing a white face mask and entering a not guilty plea on wire fraud and money laundering charges. According to the indictment, Bannon and three others orchestrated a scheme in 2018 to defraud hundreds of thousands of donors, including some in the Southern district of New York in connection With an online crowdfunding campaign, ultimately known as we build the wall. And that is CBS correspondent Tom Hanson. Postmaster General Lewis to Joy has mapped out a far more sweeping change for the Postal Service than first thought. This is not expected to happen until after the election. But the Washington Post says the joys possible actions could lead to slower mail delivery in parts of the country and higher prices for some mail services. Sources tell the paper that plans include raising what you would have to pay to send a package, especially when delivering the last mile on behalf of big retailers. Also setting higher prices in Alaska, Hawaii in Puerto Rico. Other plans include curbing discounts for nonprofits requiring election ballots to use first class postage and leasing postal service space to other government agencies. Stay with US tonight on W. T. O P for the finale of the Democratic National Convention video running right now leading up to Joe Biden's acceptance speech. We.

Isaiah Murchison Steve Bannon Michiyo Wilson Joe Biden murder President Trump Antonio Murchison US New York Postal Service Washington Post CBS chief strategist Fredericksburg Maura Virginia Tom Hanson General Lewis
"chief strategist" Discussed on WTOP

WTOP

01:30 min | 1 year ago

"chief strategist" Discussed on WTOP

"Steve Bannon, the adviser who helped create Donald Trump strategy for victory in 2016, pleading guilty this afternoon to federal charges of fraud. Bannon apparently was a frequent visitor on the $28 million vote. Owned by a fugitive Chinese billionaire. Bannon was president Trump's former campaign CEO and chief strategist in the White House, someone he often praised. I like Mr Ben. He's a friend of mine. Prosecutors say Bannon ripped off donors who gave to an online fundraising effort called We Build the Wall, the first ever privately constructed border while the group raised more than $25 million to construct small sections of wall in New Mexico in support of one of the president's chief policy goals at his CBS News, White House. Respondent been Tracy, the president, suffering another legal blow and then effort to keep his tax returns private, a judge clearing the way for the Manhattan D. A. To get those returns from Trump's accounting firm president not happy We wanted every level and this In Washington in D. C. We wanted every level, so now what they do, they send it into New York. So now we have an old Democrat state All Democrats, and they send it into New York. This should never be allowed to happen to another president. President says The subpoena is a disgusting witch hunt. Are you ready for retirement? It's a simple question. But if you're not ready it, Khun severely. In fact, your quality of life during retirement, you cannot afford to take that chance. Here's David Scranton, bestselling author and CEO of the retirement Income. Story. You don't have to cross your fingers until he's hoping for growth in this unpredictable stock market..

Steve Bannon president Donald Trump Mr Ben White House New York CEO Trump fraud chief strategist David Scranton Khun CBS Tracy New Mexico Manhattan Washington
"chief strategist" Discussed on WBZ NewsRadio 1030

WBZ NewsRadio 1030

04:05 min | 1 year ago

"chief strategist" Discussed on WBZ NewsRadio 1030

"McConnell says he is not giving up on a new Koven relief bill, although talks with Democrats are still at a stalemate back to our top story tonight at 5 46, the president, distancing himself from former White House chief strategist Steve Bannon was pled not guilty to fraud charges, and it's out on $5 million bail. Ben and accused of using cash from a private build the wall fundraising drive for himself. You think it's a sad event and again? Steve has had a great career Goldman Sachs. He's had a career with a lot of other people. I haven't dealt with them and all over years now. NBC's justice correspondent Pierre Thomas has more details on the case. What they say is that this was a non profit organization designed to raise money to support the building of the border wall. They raised over $25 million and the accusation is that all the money was supposed to go to building the wall. That's what they told donors. According to this indictment, some of the money was funneled to people working with the nonprofit. They claimed that Bannon himself Steve Bannon, the former White House advisor actually got money for personal expenses, and we're getting reaction to all this tonight from Democrats. You'll Biden's team reacting to news about Steve Bannon's indictment keep betting field from the Beytin campaign. No one needed a federal indictment to know that Steve Bannon is a fraud. Donald Trump has run the most corrupt administration in American history. He has consistently used his office to enrich himself, his family and his cronies. One state away in Scranton, Pennsylvania. President Trump is holding an event tonight. The Biden campaign claims It's happy about that. So I can show a tale of two potential presidents that like Stone, ABC News, Wilmington, Delaware and Joe Biden tonight ending the DNC Night four of the convention that's going to be around 10 o'clock tonight. We will have the speech in full right here on W. B. C news radio. You don't have a radio nearby. Of course, you can always pull us up on the I heart radio app at 5 47 President Trump today campaigning near Joe Biden's birthplace near old Forge, Pennsylvania 75 days we're going to win this state. We're going to win four more years. Mr Trump going on to say the upcoming election will help to decide if our nation survives the president, claiming Joe Biden is controlled by the far left and added in today's rally that Democrats and his words have gone loony, he said. There was some sense of sanity back in 2016 when Hillary Clinton was the Democratic nominee and Mr Trump looking to keep Pennsylvania in the Republican column as he wanted four years ago. At 5 48 Oprah Winfrey now says she's giving employees at her network election day off, she says November 3rd is a company wide holiday at own honouring those who fought and continue to fight for voting rights when free, also challenging other companies to do the same thing, declaring the upcoming election in her words might be the most important one of our lives. President Trump is defiant tonight after a federal judge refused his bid to squash a subpoena for his taxes. The Supreme Court had upheld that original decision, saying the president's accounting firm has to turn those over. Supreme Court shouldn't have allowed this to happen, but no president has ever had to go through this. But what the Supreme Court did do is saying If it's a fishing expedition, you my interpretation is essentially you don't have to do it, so we'll probably end up back in the Supreme Court and the president's lawyer's already appealing that decision today. Speaking of appeals courts, the state appeals court, citing mostly now with a man who went public with some nasty comments about a nursing home executive, W. B. C's Carl Stevens has the update. This is the case of a nursing home executive who was harassed by a man whose mother was in the nursing home and he wasn't happy. Last spring, he showed up started screaming obscenities at the executive the police games. You gotta harassment prevention order, and it included a stipulation. The man had to stop posting nasty flyers on telephone poles and derogatory messages over the Internet. Will, he appealed? He said it was a violation of its free speech in the state appeals court agrees, saying instances of speech may not lawfully supported profession order unless they contain fighting words or truth rests. The rest of the order stays in place. So the guy can talk nasty if he wants, but he's got.

President Trump Steve Bannon Joe Biden president Supreme Court Pennsylvania fraud White House Goldman Sachs McConnell Ben NBC executive chief strategist Pierre Thomas Hillary Clinton Scranton Oprah Winfrey ABC News
Steve Bannon is Arrested and Charged With Fraud in 'We Build the Wall' Campaign

Ernie Brown

00:43 sec | 1 year ago

Steve Bannon is Arrested and Charged With Fraud in 'We Build the Wall' Campaign

"Trump campaign adviser and White House chief strategist Stephen Bannon this afternoon pleaded not guilty to federal fraud charges. Correspondent Kara Scannell says Bannon has been charged with ripping off people who gave money to an effort to privately built part of the Southern border wall. But this is actually correspondent Steve Kastenbaum, Steve Bannon and others claim that all money raised for a border wall between the U. S and Mexico was going toward Their cause. But the U. S attorney claims Bannon and others defrauded donors to the We build the wall campaign by secretly passing on hundreds of thousands of dollars to Bryan Cole Fage, the triple amputee Iraqi War vet who founded the fundraiser. More than $25 million flowed to the online fundraising

Stephen Bannon Steve Bannon Bryan Cole Fage Chief Strategist Kara Scannell Donald Trump Steve Kastenbaum White House Fraud Mexico Attorney U. S
Steve Bannon charged with fraud over Mexico wall funds

Powerhouse Politics

02:24 min | 1 year ago

Steve Bannon charged with fraud over Mexico wall funds

"Bannon has been arrested intimidated. By the Southern District of New York no less on fraud charges. This is not the development I expected to see as Joe Biden prepares to take nomination. But let's let's just remember here for a second that Steve Bannon was. Really an architect of the trump campaign He was chief strategist in the trump White House during most of year one. He is somebody who the president had a falling out with, but has more recently said Nice things about. This is something else and he now joins on the number of people really close to the president in really important positions that have been indicted arrested faced criminal charges, his campaign chairman. Paul. Manafort. His National Security Adviser Former National Security Adviser Michael Flynn, his personal lawyer. Michael Cohen, his really the first political strategist. Conceived of the trump campaign, I a Roger Stone not to mention a that we could get into but I mean this is this is quite cast of. Allegedly criminal characters of did have been right there at the president sign and the particular ironies around this that you have to the Post Office Acting against the Bannon you can't make that up and the fact that this is about the wall that Mexico was famously going to pay for in, of course that wasn't happening and there was an effort by alleged by Steve Bannon and several other people close to him to to raise money to to have private funds to pay for that wall they ended up according to the the US Attorney's office in the southern district trying to line their own pockets with that money. So it is downing the. Timing of this, of course, fascinating president trump had the US attorney in that southern district replaced by his attorney general just a few short weeks ago we know of other active criminal investigations that affect trump world they're coming out of that same office and all of this to happen here on on Joe Biden's Big Day on the eve of the Republican National Convention where the wall is going to be a major talking point Steve was a big part of that last convention he very much won't be this year.

Chief Strategist President Trump Joe Biden Donald Trump National Security Steve Us Attorney Fraud New York Michael Cohen Roger Stone Michael Flynn Mexico White House Attorney Chairman Paul
"chief strategist" Discussed on KLBJ 590AM

KLBJ 590AM

03:46 min | 1 year ago

"chief strategist" Discussed on KLBJ 590AM

"803 7116 to 7 as you may be entitled to substantial compensation, But hurry as time is running out to file a claim. Call 803 7116 to 7 right now to see if you are eligible for substantial compensation. Call 803 7116 to 7. That's 803 7116. 27 803 7116 to 7. We know and now back to the market, Melinda Show streaming live on the news. Radio, K o b. J at 10 46. Good morning. Thank you for joining us breaking news today that Former White House chief strategist Steve Bannon has been arrested and charged with defrauding hundreds of thousands of donors. Others are also under arrest and charged in this scheme, which, according to prosecutors boiled down to asking Americans to donate money to help build the border wall they took in more than $25 million to build the wall. But it was all a case of fraud, according to the charges against Steve Bannon. Now, If that's true, they need to be hammered for that They dio because they lied and took in money for something that it wasn't going to be used for the absolutely they do. Hundreds of thousands of people, according to the indictment gave money. Small amounts. It added up to $25 million. So this this is breaking. He was arrested. On DH taken in, so we'll keep you updated on that story Throughout the day rush, We'll have more on that coming up in 11 to 2. Yeah, right after the show on K, l b J 51283605 90 Goodyear. Is saying Hold your horses Hold on there after the president was tweeting yesterday about Goodyear. Well, kind of Yeah, they were saying, Listen, we do promote well, first off, they're saying that wasn't from sweet corporate didn't send out That memo that we talked about yesterday where there was a screenshot that said, Here's what you can wear. Here's what you can't wear under can was BLM o r. L B plus. Stuff under can was the Ma ge Blue lives matter? All lives matter stuff. And so they're saying, Okay, that that didn't come from corporate, but we do have a place of Inclusivity, and we want everything to be equal. But you can't do political stuff. That is our policy here, and some of you may have taken that to mean that we do not support law enforcement. But we do pretty much what it is that Yeah, the statement says. We've heard from some of you. I'll bet you have. I'm sure you believe the Goodyear is anti police. After you saw these reports and saw the president's tweet, it says A Goodyear says nothing could be further from the truth. We have the utmost appreciation for the vital work that police do on behalf of our shared communities. It still doesn't explain, though. Why were why were people who work for you in Kansas being shown that slide that showed it was completely unacceptable to express your support for the thin blue line and Ma ge and other things well, and here's the thing. If you want to talk about being equal, then you make it equal across the board, which to me says as this business, we do not wish for you to wear any attire that Spells out anything. Just where playing colored Chloe's mean, Here's a Here's a Goodyear shirt. That's all you could wear with jeans and we're good to go. Makes it easy, Doesn't it simplifies things? Forget about taking the temperature of people. If you're trying to find out if they're infected with the Corona virus, Dr Antony thought, she says..

Goodyear Steve Bannon president BLM Chloe fraud chief strategist White House Dr Antony Ma Kansas
GoFundMe "Trump Wall" campaign to refund all donors

Glenn Beck

00:32 sec | 1 year ago

GoFundMe "Trump Wall" campaign to refund all donors

"Former White House chief strategist Steve Bannon, along with three others, is accused of defrauding donors to there. We build the Wall Crowdfunding campaign that raised more than $25 million Authorities with the Southern District of New York say donors were told the money would be spent on border wall construction, but that some of those funds were siphoned off for personal gain and routed through a Shell corporation using fake invoices in sham vendor arrangements to conceal it. All four were arrested This morning. They're charged with wire fraud and money laundering, each of which carries a maximum penalty of 20 years in

Steve Bannon Chief Strategist Wire Fraud Shell Corporation White House New York
Steve Bannon charged with fraud over Mexico wall funds

Bloomberg Markets

00:23 sec | 1 year ago

Steve Bannon charged with fraud over Mexico wall funds

"Former chief strategist, Steve Bannon, is facing fraud charges in New York. Federal prosecutors charge the former editor of Breitbart's news and three others over activity related to a group called We Build the Wall, which raised funds to build a border wall with Mexico. In a statement, U. S Attorney Audrey Strauss said Bannon used funds from that group to pay personal expenses. Bannon is expected in a New York courtroom today. Joe

Steve Bannon New York Chief Strategist Breitbart Audrey Strauss Fraud Editor Mexico JOE Attorney U. S
US Economy Loses Jobs For First Time Since 2010

All of It

00:36 sec | 1 year ago

US Economy Loses Jobs For First Time Since 2010

"For the first time in more than nine years the U. S. economy loses jobs it shed more than seven hundred thousand positions in March and the unemployment rate jumped nearly a full point to four point four percent the result of widespread economic disruptions during the corona virus pandemic here CD Ameritrade's chief strategist JJ Kinahan this is one of those numbers that so monsters nobody really knows what to do with it we knew things were bad and so this confirms that things were bad in the last two weeks nearly ten million Americans filed for unemployment

Cd Ameritrade Jj Kinahan Chief Strategist
"chief strategist" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

04:52 min | 1 year ago

"chief strategist" Discussed on Bloomberg Radio New York

"Of the second quarter chief strategist at principal global investors seem a you just heard of the worsening outlook on how the corona virus pandemic could play out in this country we're seeing the effect in markets this morning sharply lower futures contracts as we open the second quarter does this worsening outlook change your outlook for markets they can earn I can't think it she did not like I think we've seen although we think Peconic is probably being reached given all the help from Montreal to make use we still think that the market should remain focused on the state inspection right and as we continue to see those rights the markets and struggle to find a very stable flow do you see the market testing the lows that it's already hit as this is played out does the market go down lower what I think typically when you look at previous that markets thank you tend to retest I left a couple of times before they find you know the cultural now I would think not there's so much still uncertain we still haven't seen the credit downgrade the bank that we would anticipate you still have to see the Wesley economic data so there's still a lot of bad news to come but I do think he's athletic the conditions that we were experiencing a couple weeks ago seems to have cost for the two of you should start to be a little bit lower than what we're saying so these are all positive signs on foot she does mean that the markets have Olympic subject for the financial how much further do you think they do have to go and when do you think they hit that floor I think this question is a very very difficult on site and I've been at the time the difficult given how much themselves about how long the outbreak you can continue full that's going to be the key factor which is controlling and directing how markets move until we have a clear idea when that case is going to peak and I think it's difficult to say I would say that that we'd better given the experience that was sitting in a tree and playing with the numbers yes thank you Pete maybe we can hope that the U. K. U. S. that that was about four five weeks away from that peak so they still have to go unfortunately are you seeing the stimulus the two point two trillion dollar measure just past having its intended effect at this point or does it still have to play down I you know would support if you don't typically take a little while to play out we still need to see their household until we receive a lot of that comes out I think if you're going into dentures keep in mind that there are people I think it does help with market sentiment the fiscal policy like it being so active and then introducing such a large size but I think that for the U. S. we may see I've been trying to pay that said protecting workers wouldn't fix things within the club it's not going to keep any kind of recovery is to make sure the unemployment does not quite as much as some people anticipating I'm not will help workers at businesses get back on their feet running one containment measures on this is the discussion of an infrastructure package a two trillion dollar infrastructure package that the president was talking about yesterday is is that something the points in the right direction for you I think it does because it's held that that that that will be I'm from inputs increasing employment what I want to construct the stuff coming but I think that there's a lot to play out here Sir again we need to make sure that that is teaching the course shouldn't stop the face of such a confident enough to start going out once you have that contain magic lifted and as you said the documents attached with that may help I would just need to make sure the older small and medium sized businesses and not having to get rid of their employees are you want to see a situation where productive capacity for the US economy and the global economy is not being destroyed through this time that Nick what do you think it's going to take to get to the V. shaped recovery that some economists are hoping to see here do you see that as a possibility at this point I think it is a possibility and I think the helping the hopeful signs because another senator it does seem that fiscal policy makers are starting to pivot to the to try to protect workers hoping to stay within that job I'm not going to be key to helping there's a Vietnamese at recovery tonight you don't have to escape it comes with less and less likely that day by day the said the country is the most likely scenario but whatever happens we do need that he left and came back a couple weeks have less fat less working that job I'm not gonna be a quicker way to getting that V. shaped recovery thanks so much for this seem a good talking with you this morning Seema Shah is chief strategist at principal global investors starting off the second quarter following one of the worst quarters for stocks in recent memory looks like more losses as we open up Q. two S. and P. futures are lower now by seventy seven points Dow futures down six hundred thirty four nasdaq futures a drop of two hundred four point stacks in Germany down three.

chief strategist principal
"chief strategist" Discussed on 77WABC Radio

77WABC Radio

07:28 min | 1 year ago

"chief strategist" Discussed on 77WABC Radio

"Money matters a little later in the program I am going to be joined by a man whose knowledge in the industry I respect tremendously he is the former chief strategist at standard and poors now chief financial strategist at C. F. R. A. he's a regular on money matters his name is Sam Stovall you know you're going to be chatting about the market conditions and you'll hear to experience people talk about the consequences of what is going on and what perhaps you should be doing before we went to the break I mention that there might be some opportunities in other areas for those of you who are looking for dividends oil companies may be cutting their dividends they may not be raising their dividends their prices have come down so another sector that I use for my income oriented clients or utility stocks utility stocks of course are known to you you pay your utility bill regularly to your purveyor of utilities or else they cut off your services so the advantage of the utility stock as opposed to an oil stock is you have dividend income coming in which is relatively high they have a stable income base they're able to pay steady reliable dividends to you if you own them utility stocks are paying relatively high dividends not as high as the dividends that you are receiving from oil companies to remember oil companies are not in the same financial condition as dividend stocks but it's not all about the dividend liquidity is also something very important because you can sell utility stocks at any time just as you can sell oil stocks at any time but the vial volatility of utility stocks is not is great they offer a lower rate of return in oil stocks but the competing more with CD's and they're much more defensive they do well in down markets bear markets and we don't know what the situation is because nearly going to be with our stock market for the next several months so there are some of course some disadvantages they don't have the same growth potential as oil stocks do they are there for the dividends they do have a risk of principle because they do go up and down they are stocks but I'm more for you that is an alternative for oil stocks if you are concerned about your oil stocks I received a call from a woman in New York City her name is Irene and her question was should she stop putting money into her for one K. plan in view of the fact that the market is tumbling and my answer is Irene certainly do not stop putting money into your four oh one K. plan and don't make make the mistake of not at least putting in enough to match what your employer is matching with you but the beauty of for one K. plans his money comes out of your payroll on a weekly or monthly or bi weekly basis which you want to do is continue that program it's very difficult when markets come down to be brave but the beauty of dollar cost averaging which is typically what happens in the kind of a market that is coming down if you are buying cheaply if you are younger and I don't know your age I read that was not done displayed in your question but if you're younger be aggressive going to the technology stocks that have come down going to the growth sector do not buy utility stocks in your four oh one K. if you're younger go for growth and another question that I have from Lewis in queens is he was wondering whether he should fund desire ray now again Lewis in queens it's age related if you are younger absolutely you're only putting in either six or seven thousand dollars don't time the market but yes I am bullish on the market now I'm very aware of all of these cataclysmic events that could occur but I believe we're going to get through them this is as I said earlier in the program not my first rodeo two thousand and eight and two thousand and nine I think I did a very good job for my clients and I am now doing my best for you my radio listeners my clients as well do not be afraid to find your all your rate now if it goes down so be it if you are looking at a long term investment horizons don't worry about IT markets typically go up markets over decades average close to ten percent roughly eight percent a year that's in down markets up markets and it's very important not to get spooked so you can't time the market obviously but at the same time it's the time in the market not timing the market that will make you money and don't be afraid of it's a dollar cost averaging which means you said a certain amount of money in every period of time you can determine what the period of time is every month every two weeks whatever it is that you decide that is something you should continue to do and don't be afraid of it the younger you are take advantage of these drops growth stocks if you're younger under the age of fifty for example use growth stocks use growth mutual funds use large cap growth funds in this environment the ones that own Amazon in apple and Microsoft and alphabet and I can go on and on now many people are also wondering whether they should try to invest money in some of these biotech companies that are working on coming up with a vaccine not my kind of an investment personally you're rolling the dice you have no idea which company is going to do well there are a list of them I don't want to put them out on the air because you may be tempted to buy them because you heard Gary Goldberg mention their names you can talk to your advisor but I urge you don't do that that is rolling the dice you have no idea at what stage they are in you have no idea about the hype that they are putting for with there are I read nine companies now that are very aggressively going after vaccine there probably are a lot more but nine have been highlighted I have chosen not to use them it is not my kind of an investment and I think you're better off just taking advantage of companies that are more diversified but some drug companies are working on a vaccine more importantly for society for the world for America let's hope they come up with a vaccine that is a lot more important than the fed reducing interest rates as they did last week so I hope that when I'm saying to you is making sense bottom line here is don't gamble in this market you don't have to there are certainly a number of quality companies where you could perhaps re cover twenty percent to thirty percent yeah you read about these companies that are in the area of biotech that are up six hundred seven hundred percent sure you also could win the lottery those are not the typical investments that I recommend that you use now if you choose to use those investments don't put a lot into it you have no idea what will happen to them in the event they do not come up with a vaccine for the corona virus as I said a little later in the program I'm gonna have a very good discussion with Sam Stoll the former chief strategist at standard and poors now the chief financial strategist at C. F. R. A. and then with a lot of experience so make sure you stay tuned I also I'm going to answer a number of other questions that were posed.

chief strategist C. F
"chief strategist" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:35 min | 1 year ago

"chief strategist" Discussed on Bloomberg Radio New York

"And chief strategist of will intelligence a research and analytics firms which she author's commentary with actually fairly rabid following previously she served nine years at the Federal Reserve Bank of Dallas where she was chief adviser and Wall Street liaison to president Richard Fisher she is the author of fed up an insider's take on why the federal reserve is bad for America as well as somebody I've known for ten years now decade Danielle DiMartino welcome to Bloomberg it's awesome to be here so you and I have known each other for a long time and I it's weird ask you questions that I asked you a decade ago for the sake of the audience I'm going to pretend we hardly know each other and start with so Danielle how did you begin your career on Wall Street well I was something of a securities route I was born to be a writer I was accepted at the NYU scholars program I was going to travel I was going to be in a steam to very poor journalist and monitoring what what sort of things interested you in you are my forte when I was younger was sports writing really yeah things people would never guess about me put that right after the Taha and big huge fan of sports and cars but anyways my parents ended up splitting up around then my father told me that he had paid his taxes for the better part the last decade and good luck with the financial financial aid that I need it for the other half that wasn't covered by this great big scholarship to go to and what you so I found myself at San Antonio college so I I am the product of a community college where I started I went off to the local university of Texas moved my way up after few years became the collar business scholar to study studies that was all that I could do to it to figure out how to get back to where I thought I was starting when I was getting out of high school and my mis remembering didn't get an MBA from the university of Charleston very very respected yeah I've got my MBA in finance there that year that EDS actually opened up a trading floor one of my great mentors Dr Keith he's the person I literally earmarked money to finance department even though he made me pull apart the black Scholes and then showed me how to put it on my calculator it took me a few years really to forgive him for that but in any event citing so when when you say EDS are talking Ross Perot's electronic data system that there was no way that glasses yeah inside the business school we had our own trading floor and we had our own fund and it was right and I mean it was actual money oh god what's more fun than being a traitor in the eighties come on well and when you're in your early twenties yeah sure so how do you end up going from there to Credit Suisse and D. L. J. some guy at Solomon brothers came to one of these informational interview type things on campus and what he had to say was done a pretty interesting to me said come on up anytime you like I said house next week work for you so I that's I look down on the Solomon brothers trading floor which is two stories tall started it's Ali no no that was the first time I'd ever seen anything on Wall Street and I looked out and there were probably like four hundred guys and like three girls right and that was it and I went look at the ratio that's really interesting for two reasons the one is I had a similar experience very very early in my career you want to dress interviewing at the Merrill Lynch trading at a lower which was a football field but it was the same ratio yeah all white dudes yeah oh yeah absolutely you know what it's a first and last time in my entire life I've had credit card debt person last time when he moved to the city banging on doors on Wall Street so how to lean over others Goldman Sachs Morgan Stanley Bear Stearns you name it he dodged a few bullets in that list Hey look Arthur Andersen wanted to keep me after business school and fast track me to becoming you know and an auditor and and then become a strategist of some kind and they were working with this big company in Houston called and and my mom's like you'd be staying in Texas on and I'm like I'm so out of here she's like deal J. D. L. J. is it what is it like a transportation company might know mother it's not DHL it's D. L. J. and and that was your first gig at a business school that was my first kick out of business while it was the best place to work I mean the entire firm at first Christmas year in nineteen ninety six fit in the rainbow room crazy stuff went on back so that was before in all divisions those pre purchase right away pre purchase way way way and when did they get bought Tony James in his infinite wisdom saw the peak and sold the firm at the very top of the bubble this was like and Credit Suisse good time just finished writing off a few billion extra dollars from the DOJ purchased recently you know they wrote off billions of dollars for years so what did you do at DOJ I sold all kinds of things to all kinds of people bonds equities the run but I did I did share buybacks I did a lot of debt retirement working with the former Drexel boys DOJ's junk bond does get absorbed right they were just so mischievous that's the nicest what I can come up with but I had mutual fund companies I had some high net worth investors but it was really the debt retirement the junk bond the private equity I mean like I said Tony James sold the firm and then obviously he went on to blacks on a great career but Leon black walked the halls I mean deal Jay had a beautiful merchant bank sure before private equity was a faint right so how do you do the transition from the bleeding edge of capitalism too I know I'll go in house with the government and work for the fed they said the Swiss were not near as much fun as DOJ by the way overseas investors always tend to topic the market for bottom ticket if they're sellers so that's not a surprise no how long did you stay with Credit Suisse for eighteen holes long months and so that gets us to around like I was getting my second masters at the time because I you know I'm I'm Italian I hold a great site but instead of NYU I went to Columbia the best journalism school at night and got my second degree in journalism finally really fine I got my lifetime dream I never knew that about I did it was the dean while you were there gosh now you got me because I was only there now there was only there for one year okay he left but it was when I was back there one of most transformative moments of my life was a graduate and in December of one was not being able to go to work on Wall Street after nine eleven huh but having to report to campus the next day Wednesday what's the other direction so if you health yeah but being in journalism school on nine eleven I mean I was the oldest you know part time student they'd ever seen quite fascinating coming up we continue our conversation with Danielle DiMartino booth author of fed up discussing what.

chief strategist Federal Reserve Bank Dallas
Why The Rise of Passive Investing Might Be Distorting The Market

Odd Lots

09:54 min | 1 year ago

Why The Rise of Passive Investing Might Be Distorting The Market

"Hello and welcome to another episode of the odd lots podcast. I'm Tracy alloway and I'm Joe Weisenthal. So Joe I tweeted something recently early and It provoked a large response on social media. It's weird how that happens right. You tweeted something that provoked a response. I I find it very hard to believe. I know it's outrageous but I was talking about. Have you heard of the fire of movement. Yes vaguely like I am familiar with it. It's has to do with people Retiring early right. Yeah so it's fire as an F. R. E. and it stands for financial independence retire early and the basic idea is you can save a lot of money and if you invest it wisely you can retire at an early age like in your thirties and supposedly it's it can work out for for. Even normal people are people on normal normal salaries. We're not talking about really wealthy people and the thing that I always find really interesting about. It is when you go and read about how people are actually investing investing that money so that they can retire early. They're almost all talking about doing it themselves. And be through passive investments events like. ATS right exactly right. So people think they live frugally. They they work for several years. They live frugally. But but then they sort of have this confidence that historical returns that we've seen in stock and bond markets throughout the world will always be there for them in the future and so they just put a bunch of money in passive. ETF's or you know it passive ish ETF's and then they count on that existing for the rest of their lives and then they do something. I don't know they go on. Read it or tweet for the next from thirty five until that's right and the reason I find. This wasn't so bad to me to be honest I would be. I would do that if I if I had confidence. You can see the going up for sure but the reason I find it so interesting. From a market perspective is to me it hits upon like a number for a very very important themes but really it hits upon this question of whether or not the fire movement can exist without the bull market that we've seen for the last ten years right like it's very easy to say dump all your money in something like You know a vanguard total stock market. ETF and just watch it soar. When that's the thing that's been happening for years and years and years? Well I'll say two things. One is certainly raises. The question about whether this subculture can continue to exist but it also raises another question about people who aren't in that subculture but in a way have defacto in fact he'll bought into because this mantra that we've gotten from Sort of the media and fund management industry is okay. Most people aren't saying you should try to retire at thirty five or forty but this idea never try to time. The market never pick individual stocks. Just have a broad diversified provide basket of ETF that you may be rebalanced every once in a while has become so intense and extreme and everyone's being pushed to invest like that so even if you are one one of the fire people on read it it still raises the question. Of how much is everyone else who is not planning on per se. Retiring early. Essentially bought into Olis' extreme version of the same story absolutely and you'll see a lot of the investment advice set. The fire people talk about is actually very very similar to advice given to people generally generally when it comes to their 401k's and stuff like that passive is supposed to be cheaper. It's supposed to be much better. But what if there's a downside to passive of investing we've spoken about active versus passive on the podcast before but we haven't done that much on how passive investing might actually be changing the the way the market functions. No absolutely and it's such an important question given as we've been talking about how many people have portfolios in which the only action they do is just add to the same basket of three or four. ATF's every single month working lives. It's been fantastic since the crisis with incredible rally in stocks and bonds simultaneously but as they say Past performance no guarantee of future returns. This is true all all right. Well I'm happy to say that we have the perfect person to talk about this today. our guest is Mike Greene. He's the chief strategist and portfolio manager over at Logica a capital investors. Mike thanks for being on. Thank you for having me so I guess my first question is. How did you get interested in at this? Particular area examining the impact of passive investing on the broader market. Is that something that you are observing in your sort of day job. Well the way I think of my day job is to really try to understand the market structure. I'm not a traitor in the traditional sense wasn't trained on a prop desk or anything else and so you know I've always managed to make money by trying to figure out. Actually what people are being forced to do. What is the incentive structure? That's causing people to do what I think is fundamentally irrational rather than just saying. Hey they're crazy using stupid and this eventually stop the opportunity to dig in and understand. Actually the incentive structures that have been created the restraint requirements requirements for people to engage in certain transactions whether it's from a regulatory framework or whether that's from a an institutional framework basically built into their Prospectus this ultimately that can create the opportunity to identify trades that you think are irrational and have the potential to break as that behavior is brought to its logical extreme. That's how I stumbled onto this stuff. So what are in your view. The big structural trends or the big structural impositions on individual investors or pension refund or any other entity. That has a lot of money that are all causing people to sort of invest in the same way right now one of the big the key ideas here. So there's a couple of Keith. Things the first is is that the growth of passive investing has has been well documented right and the narrative behind the outperformance fundamentally built around the work of of Bill Sharpe. who was the father of of the sharp ratio The cap M Formula Etcetera His paper in Nineteen ninety-one called the arithmetic of active management management. Is this analysis that we've all heard that says fundamentally passive investors by definition are only matching the active investors in terms of their overall allocation. And so the difference is just GonNa it'd be fees which means that the active managers underperform. Everyone accepts this Today because we've seen the evidence of the outperformance of passive but very few people take time to go back and actually look at the construction of the problem. The assumptions that existed under that the assumptions are just absurd right so in in the definition of what a passive investor is according to Bill. Sharpe is that pass. Investors hold all the securities on the market. How do they get in? That's magic out of the get out. That's also magic. They never transact right the minute they transact they ceased to be passive investors and as we know passing vehicles or feeling with billions and billions of dollars of inflows on a daily and weekly basis there in the market transacting. They are the single largest trans actors actors. By far and as a result they have to be influencing the market they cannot be passive the fundamental premise on which this whole idea is built is flawed right. The second thing that has happened though is because passive investing has grown so large and so powerful. The resources to engage in lobbying efforts to institutionalize passive within the framework has expanded dramatically. Most people have a cursory familiarity with things like 401k plans. IRA's vast majority of Americans have some exposure go through their employer to these plans. Those rules have changed over the years. Through the lobbying efforts of passive players vanguard and Blackrock to inculcate passive of strategies into these vehicles under the premise that this is the best possible vehicle for the vast majority of Americans to invest in and it had the effect of creating this crowding crowding that is further accelerated the performance of the benchmarks that these are ultimately tied to Oman. Sorry there's so much just in the first a couple of minutes That I find really really fascinating. Oh why don't we go back to the first point. which is this idea that? When we're evaluating the performance silence of passive versus active where not actually taking into account the way that passive can influence the market? So how are you seeing passive investing actually impact the market. Now we're seeing it in a couple of different ways right One is that we're seeing a distinct performance advantage that is being created for those securities that are in indices that are being invested into by passive investors. This is fairly well studied phenomenon in terms of the dynamic. What's called index inclusion? So we have one off events in which we can look at securities that have been put into an index or have been injected from a widely traded index. And we see either. There is a distinct and permanent shift in the valuation the price levels associated with those securities. Mrs Well Documented Academic Literature with the literature editor has not studied is the dynamic of the continued inclusion the continued flow of capital and that becomes a harder problem because suddenly they're on par with all of the other constituents students in the index and they're all experiencing it all right so I I gave a speech several years ago in which I compared it to the David Foster Wallace. This is water right. The medium him in which we're actually participating as being skewed by the behavior of these passive flows.

ETF Mike Greene Joe I Bill Sharpe. Tracy Alloway ATF Olis Joe Weisenthal F. R. E. David Foster Wallace Oman Sharpe Editor Blackrock Keith Chief Strategist Portfolio Manager
"chief strategist" Discussed on 760 KFMB Radio

760 KFMB Radio

11:04 min | 2 years ago

"chief strategist" Discussed on 760 KFMB Radio

"All right, turn up your volume. Let's go. We're going to expose the media for the media are. Again in the middle of this press conference. Trump. Let's see. He was having a press conference with CEOs and so forth. And he says the report of the CEO WalMart said you missed a critical opportunity to help bring the country together. Did you not at all? He says, I think the country. Look, you take a look I've created a million jobs since I've been president the country's booming. The stock market setting records, we have the highest employment numbers we've ever had in the history of our country where doing record business with the highest levels of enthusiasm. So the head of WalMart who I know is very nice guy was making a political statement. I mean, I would do it the same way, you know, why? Because I wanna make sure when I make a statement that the statement is correct. And there was no way. No way of making a correct statement that early I had to see the facts, unlike a lot of reporters, unlike a lot of reporters, I didn't know David Duke was there. I wanted to see the facts and the facts as they started coming out where very well stated in fact, everybody said his statement was beautiful. If. You would have made it sooner that would have been. No that would have been good. But I couldn't have made it sooner. Because I didn't know all the facts. So he's saying this over and over again, frankly, people still don't know all the facts, it was very important excuse me. Excuse me. He's being interrupted. It was very important to me to get the facts out correctly because I would have made a fast statement. And the first statement was made without knowing much other than what we were seeing the second statement was made after it had we had knowledge with great knowledge. There are still things excuse me. There are still things that people don't know. I want to make a statement with knowledge I wanted to know the facts, okay. Reporter two questions was this terrorism. Can you tell us how you are feeling about your chief strategist Steve Bannon. What did Steve Bannon have to do with anything? Trump. I think the driver of the car is a disgrace to himself has family in this country. And that is you can call it terrorism. You could call it murder. You can call it. Whatever you want. I would just call it as the fastest one to come up with a good verdict. That's what I'd call it. And there is a question is it murder is a terrorism. Then you get into legal semantics, the driver of the car is a murder, and what he did was horrible horrible inexcusable. Can you tell us how you're feeling about your teeth strategist, Mr. Bannon, can you talk about that Steve Bannon? I never spoke to Steve Bannon about it reported. Can you tell us broadly, can you can you still have confidence and Steve? So they get into Bannon. Let's see here. Trump. Senator McCain said that the off right is behind these attacks. And he linked that same group to those that perpetrated the attack in Charlottesville Trump. Well, I don't know. I can't tell you. I'm sure Senator McCain must know what he's talking about. But when you say the right define the all right to me you define a go ahead to find it for me come on. Let's go Senator McCain define them as the same group Trump. Okay. What about the all left that came charging in excuse me? What about the alt-left? They came charging at the as you say off, right? Do they have any semblance of guilt? What about this? What about the fact that they came charging? And he's talking about antiga they came charging with clubs in their hands swinging clubs. Do they have any problem? I think they do and the reporters are yelling as they say in distinctively. So they're yelling over each other Trump as far as I'm concerned that was a horrible horrible day. Wait a minute. I'm not finished. I'm not finished fake news. That was a horrible day reporters keep yelling in. Distinctively. The transcript says Trump, I will tell you something I watch those very closely much more closely than new people watched it, and you had you had a group on one side that was bad. You had a group on the other side that was also very violent, and nobody wants to say that. But I'll say it right now, you are a group a group on the other side, they came charge again without a permit. They were very very violent reported. You think what you call the left? That's the same as neo-nazis those people all those people excuse me. I've condemned neo-nazis, I've convened many different groups, but not. All of those people were Neo Nazis. Believe me, not all those people were white supremacists by any stretch. Now, remember, what was going on people were protesting the pulling down of a certain confederate statues. And of course, you had the Neo Nazis in the clan that showed up yet antique shop at you, actually, people earnestly protesting one way or the other. That's what he's talking about. They weren't all Neo Nazis, and they weren't all antiga. Let's see here. Those people on the reporter, well, white nationalist Trump. Those people were also there because they wanted to protest the taking down of a statute of Robert E Lee so excuse me. And you take a look at some of the groups, and you see, and, you know, if you're honest reporters, which in many cases, you're not many of those people were there to protest the taking down to the statute or Robert E Lee so this week. It's Robert E Lee I noticed that stonewall Jackson's coming down. I wonder is it George Washington next week is at Thomas Jefferson the week after you know, you really do have to ask yourself where does it stop, which is a perfectly legitimate statement. We used to call this actually, a civil libertarian statement, free speech. Those statues aren't necessarily there to honor some of these people the statues are there because that's our history. It goes on. Does the statue of the reporter asked us the statute Robert de lis stay up? Trump. I would say that it's up to the local town community your federal government, depending on where it's located are you against the confederacy? Listen to these questions by these reporters on race relations in America. The report says do you think things have gotten worse or better said she took off regard to race relationships? Trump. I think they've gotten they never asked this of Obama who was race baiting left and right and turning American against American and you notice, but let's go on notice they'll never say to Cossio Cortes or Todd league or Omar never don't never be questioned and yet they're flat out bigots. And they're proud of it. Trump. I think they've gotten better or the same luck. They've been frayed for a long time. And you could ask President Obama about that because he'd make speeches about it. I believe that the fact that I brought and it will it will soon be millions of jobs. You see where companies are moving back into our contract. Think that's going to have a tremendous positive impact on race relations. We have companies coming back into our country. We have to car companies that just announced we have Foxconn and Wisconsin just announced we many companies I'd say pouring back into the country. I think that's going to have a huge positive impact on race relations. You know, why? It's jobs. What people now want? They want jobs. They want great job. So we're good pay. And when they have that you watch how race relations will be and I'll tell you. We're spending a lot of money on the inner cities where fixing the inner cities, we're doing far more than anybody has done with respect to inner cities. It's a priority for me. And it's very important report. Mr president. Are you putting what you're calling the left and right supremacists? On the same moral plane. Listen to this. Trump. I'm not putting anybody on a moral plane. What I'm saying is this your the group on one side and a group on the other and they came at each other with clubs, and it was a vicious horrible. And it was horrible thing to watch. But there's another side. There was a group on this side. You can call them the left you just call them the left, they came violently attacking the other group. And again, he means antiques, so you can say what you want. But that's the way it is. Reporter you said there was hatred and violence on both sides Trump. I think there is playing. Yes, I think there's blame on both sides. You look at it. You look at both sides. I think there's blame on both sides. And I have no doubt about it. And you don't have any doubt about it. Either. And if you reported it accurately, you would say so reporter the Neo Nazis started this thing, they showed up in Charlottesville Trump, excuse me. They didn't put themselves down as Neo Nazis in other words right in. I'm a Neo Nazi and you had some very bad people in that group. But you also had people that were fine people on both sides. You had people in that group. Excuse me. I saw the same pictures as you did you had people in that group that were there to protest the taking down that taking down very very important statue and the remaining of the part and the renaming of the part from Robert Lee to another name reporter, George Washington. And Robert E Lee are not the same Ono, George Washington was a slave owner was George Washington slave owner. So George Washington now lose his status are we going to? So Trump is making the case for not tearing down the statues. It's not making the case for the Klan, they need or not. So is it Mr. producer? He's rejecting them. But he's saying there's good people on both sides. He needs the protesters. He doesn't mean the clansman in the Neo Nazis. An antique it couldn't be more clear. Are we going to take down? Are we going to take down statues to George Washington? How about Thomas Jefferson? What do you think at Thomas Jefferson you like him? Okay. Good. And we're going to take down his statue. He was a major slave owner. We're going to take down his statue. You know, what it's fine. You're changing history, you're changing culture, and you had people, and I'm not talking about that Neo Nazis and the white nationalist because they should be condemned. Totally. But you had many people in that group other than Neo, Nazis and white nationalist. Okay. And the press is treated them absolutely unfairly now in the other group. Also, you had some fine people, but your troublemakers, and you see them come with black outfits and antifa again and with helmet. Some of the baseball bats, you're a lot of bad people in the other group too. Reporter. I just didn't understand what you were saying you were saying the press had treated white nationalist unfairly. Now, look how they try and taunt him and put words in his mouth when I return I will continue. We'll be right back..

Trump reporter Steve Bannon Charlottesville Trump Robert E Lee George Washington Senator McCain Thomas Jefferson WalMart murder CEO WalMart president President Obama baseball chief strategist David Duke Klan Mr president
"chief strategist" Discussed on 600 WREC

600 WREC

11:07 min | 2 years ago

"chief strategist" Discussed on 600 WREC

"All right, turn up your volume. Let's go. We're going to expose the media. The media are. Again in the middle of this press conference. Trump. Let's see. He was having a press conference with CEOs and so forth. And he says the report of the CEO WalMart said you missed a critical opportunity to help bring the country together. Did you not at all? He says, I think the country. Look, you take a look I've created a million jobs since I've been president the country's booming. The stock market setting records, we have the highest employment numbers we've ever had in the history of our country. We're doing record business with the highest levels have been Tuesday Azam. So the head of WalMart who I know who is very nice guy was making a political statement. I mean, I would do it the same way, you know, why? Because I wanna make sure what I make a statement that the statement is correct. And there was no way. No way of making a correct statement that early I had to see the facts, unlike a lot of reporters, and like a lot of reporters, I didn't know David Duke was there. I wanted to see the facts and the facts as they started coming out. We're very well stated in fact, everybody said his statement was beautiful. If you. You would have made it sooner that would have been. No that would have been good. But I couldn't have made it sooner. Because I didn't know all the facts. So he's saying this over and over again, frankly, people still don't know all the facts, it was very important excuse me. Excuse me. He's being interrupted. It was very important to me to get the facts out correctly because I would have made a fast statement. And the first statement was made without knowing much other than what we were seeing the second statement was made after it had we had knowledge with great knowledge. There are still things excuse me. There are still things that people don't know. I wanna make a statement with knowledge I wanted to know the facts, okay. Reporter to questions was this terrorism. Can you tell us how you are feeling about your chief strategist Steve Bannon. What Steve Bannon have to do anything. Trump. I think the driver of the car is a disgrace to himself has family in this country. And that is you can call it terrorism. You could call it murder. You can call it. Whatever you want. I would just call it as the fastest one to come up with a good verdict. That's what I'd call it. And there is a question is it murder is terrorism. Then you get into legal semantics, the driver of the car is a murderer. And what he did was horrible horrible inexcusable. Can you tell us how you're feeling about your teeth strategist, Mr. Bannon, can you talk about that Steve Bannon? I never spoke to Steve Bannon about it reported. Can you tell us broadly, can you can you still have confidence in Steve? So they get into Bannon. Let's see here. Trump. Senator McCain said that the all right is behind these attacks. And he linked that same group to those that perpetrated the attack in Charlottesville Trump. Well, I don't know. I can't tell you. I'm sure Senator McCain must know what he's talking about. But when you say the right defined the all right to me you define a go ahead to find it for me come on. Let's go Senator McCain define them as the same group Trump. Okay. What about the all left that came charging in excuse me? What about the alt-left? They came charging at the as you say. All right. Do they have any semblance of guilt? What about this? What about the fact that they came charging? And he's talking about antiga they came charging with clubs in their hands swinging clubs. Do they have any problem? I think they do and the reporters are yelling they say in distinctively. So they're yelling over each other Trump as far as I'm concerned that was a horrible horrible day. Wait a minute. I'm not finished. I'm not finished fake news. That was a horrible day reporters keep yelling in. Distinctively. The transcript says Trump, I will tell you something I watched those very closely much more closely than new people washed it, and you had you had a group on one side that was bad you at a group on the other side that was also very violent and nobody wants to say that. But I'll say it right now you at a group beauty group on the other side, they came charge again without a permit. They were very very violent reported. You think what you call the left is the same as Neo Nazis? Those people all those people excuse me. I've condemned neo-nazis, I've convened many different groups, but not. All of those people were Neo Nazis. Believe me not all those people were white supremacist by any stretch. Now, remember, what was going on people were protesting the pulling down of a certain confederate statues. And of course, you had the Neo Nazis in the clan that showed up yet antique shop, but you actually at Pibor earnestly protesting one way or the other. That's what he's talking about. They weren't all Neo Nazis, and they weren't all antiga. Let's see here. Those people on the reporter white nationalists. Trump those people were also there because they wanted to protest the taking down of a statute of Robert E Lee so excuse me. And you take a look at some of the groups, and you see, and you know, if you were honest reporters, which in many cases, you're not many of those people were there to protest the taking down to the statute of Robert E Lee so this week. It's Robert E Lee I noticed that stonewall Jackson's coming down. I wonder is it George Washington next week is at Thomas Jefferson the week after you know, you really do if they ask yourself where does it stop, which is a perfectly legitimate statement. We used to call this actually, a civil libertarian statement, free speech. Those statues aren't necessarily there to honor some of these people the statues are there because that's our history. Goes on. Does the statue of the reporter asked us the statue of Robert E Lee, stay up? Trump. I would say that it's up to the local town community or federal government, depending on where it's located are you against the confederacy listen to these questions by these reporters on race relations in America. The reporter says do you think things have gotten worse or better since you took off with regard to race relationships? Trump. I think they've gotten they never asked this of Obama who was race baiting left and right and turning American against American to you notice. But let's go on notice. They'll never say it to Cossio Cortes or Todd Lee or mar never they'll never be questioned and yet they're flat out bigots. And they're proud of it. Trump. I think they've gotten better or the same luck. They've been frayed for a long time. And you could ask President Obama about that because he'd make speeches about it. I believe that the fact that I brought in it will will soon be millions of jobs. You see where companies are moving back into our country. I think that's going to have a tremendous positive impact on race relations. We have companies coming back into our country. We have to car companies that just announced we have Foxconn in. Wisconsin gesture NATs many companies I'd say point back into the country. I think that's going to have a huge positive impact on race relations. You know, why? It's jobs. What people now want they want jobs, they want great jobs. So we're good pay. And when they have that you watch how race relations will be and I'll tell you what spending a lot of money on the inner cities where fixing the inner cities, we're doing far more than anybody has done with respect to inner cities. It's a priority for me. And it's very important report. Mr president. Are you putting what you're calling the left and white supremacists on the same moral plane? Listen to this. Trump. I am not putting anybody on a moral plane. What I'm saying is this you had a group on one side and the group on the other and they came at each other with clubs, and it was a vicious horrible. And it was horrible thing to watch. But there's another side. There was a group on this side. You can call them the left. You've just call them the left they came violently attacking the other group. And again, he means antiques, so you can say what you want. But that's the way it is. Reporter you said there was hatred and violence on both sides Trump. I think there is blame. Yes. I think there's blame on both sides. You look at it. You look at both sides. I think there's blame on both sides. And I have no doubt about it. And you don't have any doubt about it. Either. And if he reported accurately, you would say so reporter the Neo Nazi started. This thing they showed up in Charlottesville Trump, excuse me. They didn't put themselves down as Neo Nazis in other words right in. I'm a Neo Nazi and you had some very bad people in that group. But you also had people that were fine people on both sides. You had people in that group. Excuse me. I saw the same pictures as you did you had people in that group that were there to protest the taking down that taking down very very important statue and the remaining of in the park and the renaming of the park from Robert E Lee to another name reporter, George Washington, and Robert E Lee are not the same. Oh, no, George Washington was a slave owner with George Washington, a slave owner. So George Washington now lose his status are we going to? So Trump is making the case for not tearing down the statues. It's not making the case for the clan or the Neo Nazis. Mr producer. He's rejecting them. But he's saying there's good people on both sides. He means the protest. He doesn't mean the clansman in the Neo Nazis in Antigua. It couldn't be more clear. Are we going to take down? Are we going to take down statues to George Washington? How about Thomas Jefferson? What do you think of Thomas Jefferson you like him? Okay. Good. And we're going to take down his statue. He was a major slave owner. We're going to take down his statue. You know, what it's fine. You're changing history, you're changing culture, and you had people and I'm not talking about the Neo Nazis in the white nationalist. Because they should be condemned. Totally. But you had many people in that group other than the O, Nazis and white nationalists. Okay. And the press is treated them absolutely unfairly now in the other group. Also, you had some fine people, but you're troublemakers. And you see them come with black outfits an antique again and with helmets. And with the baseball, bats. You're a lot of bad people in the other group too. Reporter. I just didn't understand what you were saying you were saying the press had treated white nationalist unfairly. Now, look how they try and taunt him and put words in his mouth when I return I will continue. We'll be right back. Mm-hmm..

Trump Reporter Steve Bannon Robert E Lee Charlottesville Trump Senator McCain George Washington Thomas Jefferson WalMart reporter CEO WalMart president murder President Obama Wisconsin chief strategist David Duke baseball
"chief strategist" Discussed on 77WABC Radio

77WABC Radio

10:40 min | 2 years ago

"chief strategist" Discussed on 77WABC Radio

"A press conference with CEO's and so forth. And he says the report of the CEO WalMart said you mistake critical opportunity to help bring the country together. Did you not at all? He says, I think the country. Look, you take a look I've created a million jobs since I've been president the country's booming. The stock market setting records, we have the highest employment numbers we've ever had in the history of our country. We're doing record business with the highest levels of enthusiasm. So the head of WalMart who I know is very nice guy was making a political statement. I mean, I would do it the same way, you know, why? Because I want to make sure when I make a statement that the statement is correct. And there was no way. No way of making a correct statement that early I had to see the facts, unlike a lot of reporters, and like a lot of reporters, I didn't know David Duke was there. I wanted to see the facts and the facts as they started coming out. We're very well stated in fact, everybody said his statement was beautiful. If. You would have made it sooner that would have been. No that would have been good. But I couldn't have made it sooner. Because I didn't know all the facts. So he saying this over and over again, frankly, people still don't know all the facts, it was very important excuse me. Excuse me. He's being interrupted. It was very important to me to get the facts out correctly because I would have made a fast statement. And the first statement was made without knowing much other than what we were seeing the second statement was made after it had we had knowledge with great knowledge. There are still things excuse me. There are still things that people don't know. I wanna make a statement with knowledge I wanted to know the facts, okay. Reporter to questions was this terrorism. Can you tell us how you are feeling about your chief strategist Steve Bannon. What Steve Bannon have to do anything. Trump. I think the driver of the car is a disgrace to himself has family in this country. And that is you can call it terrorism. You could call it murder. You can call it. Whatever you want. I would just call it as the fastest one to come up with a good verdict. That's what I call it. And there is a question is it murder is a terrorism. Then you get into legal semantics, the driver of the car is a murder, and what he did was horrible horrible inexcusable. Can you tell us how you're feeling about your chief strategist, Mr. Danny? Can you talk about that? Steve bannon. I never spoke to Steve Bannon about it reported, can you tell us broadly about can you can you still have confidence in Steve. So they get into Bannon. Let's see here. Trump. Senator McCain said that the off right is behind these attacks. And he linked that same group to those that perpetrated the attack in Charlottesville Trump. Well, I don't know. I can't tell you. I'm sure Senator McCain must know what he's talking about. But when you say the right defined the alright to me you define a go ahead to find it for me come on. Let's go Senator McCain define them as the same group Trump. Okay. What about the left that came charging in excuse me? What about the left? They came charging at the as you say off, right? Do they have any semblance of guilt? What about this? What about the fact that they came charging? And he's talking about antiga they came charging with clubs in their hands swinging clubs. Do they have any problem? I think they do and the reporters are yelling as they say in distinctively. So they're yelling over each other Trump as far as I'm concerned that was a horrible horrible day. Wait a minute. I'm not finished. I'm not finished fake news. That was a horrible day reporters keep yelling in. Distinctively. The transcript says Trump, I will tell you something I watched those very closely much more closely than new people watched it, and you had you had a group on one side that was bad you at a grip on the other side that was also very violent, and nobody wants to say that. But I'll say it right now you had a group Yoda group on the other side, they came charge again without a permit. They were very very violent reported. You think what you call the left? That's the same as Neo Nazis. Those people all those people excuse me. I've condemned neo-nazis, I've convened many different groups, but not. All of those people were Neo Nazis. Believe me not all those people were white supremacist by any stretch. Now, remember, what was going on people were protesting the pulling down of a certain confederate stature. And of course, you had the Neo Nazis and the claim that showed up yet n TV show up, but you actually had people earnestly protesting one way or the other. That's what he's talking about. They weren't all Neo Nazis, and they weren't all antiga. Let's see here. Those people on the reporter well, white nationalists. Trump those people were also there because they wanted to protest the taking down of a statute of Robert E Lee so excuse me. And you take a look at some of the groups, and you see, and you know, if you were honest reporters, which in many cases, you're not many of those people were there to protest the taking data the statute of Robert E Lee so this week. It's Robert E Lee I noticed that stonewall Jackson's coming down. I wonder is it George Washington next week is at Thomas Jefferson the week after you know, you really do have to ask yourself where does it stop, which is a perfectly legitimate statement. We used to call this actually, a civil libertarian statement, free speech. Those statues aren't necessarily there to honor some of these people the statues are there because that's our history. It goes on. The statue of the reporter asked us the statue of Robert E Lee, stay up. Trump. I would say that it's up to the local town community or federal government, depending on where it's located are you against the confederacy listen to these questions by these reporters on race relations in America. The report says do you think things have gotten worse or better said she took off with regard to race relationships? Trump. I think they've never asked this of Obama who was race baiting left and right and turning American against American and you notice, but let's go on unnoticed. They'll never say it to Cossio Cortes or tally or Omar never they'll never be questioned and yet they're flat out bigots. And they're proud of it. Trump. I think they've gotten better or the same luck. They've been frayed for a long time. And you could ask President Obama about that because he'd make speeches about it. I believe that the fact that I brought and it will soon be millions of jobs. You see where companies are moving back into our country. I think that's going to have a tremendous positive impact on race relations. We have companies coming back into our country. We have to car companies that just announced we have Foxconn and Wisconsin Chester now, many companies I'd say point back into the country. I think that's going to have a huge positive impact on race relations. You know, why? It's jobs. What people now want? They want jobs. They want great job. So we're good pay. And when they have that you watch how race relations will be and I'll tell you. We're spending a lot of money on the inner cities where fixing the inner cities, we're doing far more than anybody is done with respect to inner cities. It's a priority for me. And it's very important report. Mr president. Are you putting what you're calling the left and right supremacists? On the same moral plane. Listen to this. Trump. I am not putting anybody on a moral plane. What I'm saying is this you group on one side and a group on the other and they came at each other with clubs, and it was a vicious horrible. And it was horrible thing to watch. But there's another side. There was a group on this side. You can call them the left. You've just call them the left. They came violently attacking the other group again, he means antiques. So you can say what you want. But that's the way it is. Reporter you said there was hatred and violence on both sides Trump. I think there is playing. Yes, I think there's blame on both sides. You look at it. You look at both sides. I think there's blame on both sides. And I have no doubt about it. And you don't have any doubt about it. Either. And if he reported accurately, you would say so reporter the Neo Nazis started this thing, they showed up in Charlottesville Trump, excuse me. They didn't put themselves down as Neo Nazis in other words right in. I'm a Neo Nazi and you had some very bad people in that group. But you also had people that were fine people on both sides. You had people in that group. Excuse me. I saw the same pictures as you did you had people in that group that were there to protest the taking down that taking down very very important statue and the remaining of the part and the renaming of the part from Robert Lee to another name reporter, George Washington. And Robert E Lee are not the same Bono, George Washington was a slave owner, George Washington, a slave owner. So we'll George Washington now lose his status are we going to? So Trump is making the case for not tearing down the statues. It's not making the case for the clan or the Neo Nazis. Is it Mr. producer? He's rejecting them. But he's saying there's good people on both sides. He means the protest. He doesn't mean the clansman in the Neo Nazis. Antiga? It couldn't be more clear. Are we going to take down? Are we going to take down statues to George Washington? How about Thomas Jefferson? What do you think at Thomas Jefferson? You like it. Okay. Good. And we're going to take down his statue. He was a major slave owner. We're going to take down his statue. You know, what it's fine. You're changing history, you're changing culture, and you had people and I'm not talking about the Neo Nazis and the white nationalist because they should be condemned. Totally. But you had many people in that group other than Neo Nazis and white nationalists. Okay. And the press is treated them absolutely unfairly now in the other group. Also, you had some fine people, but your troublemakers, and you see them come with black outfits and Tf again and with helmets. And with the baseball bats, you're in a lot of bad people in the other group too. Reporter. I just didn't understand what you were saying you were saying the press had treated white nationalist unfairly. Now, look how they try and taunt him and put words in his mouth when I return I will continue. We'll be right back..

Trump Reporter Robert E Lee Steve Bannon Charlottesville Trump George Washington murder Senator McCain Thomas Jefferson chief strategist WalMart CEO WalMart CEO president President Obama baseball reporter David Duke
"chief strategist" Discussed on KDWN 720AM

KDWN 720AM

10:35 min | 2 years ago

"chief strategist" Discussed on KDWN 720AM

"And he says the report of the CEO WalMart said you missed a critical opportunity to help bring the country together. Did you not at all? He says, I think the country. Look, you take a look I've created a million jobs since I've been president the country's booming. The stock market setting records, we have the highest employment numbers we ever had in the history of our country. We're doing record business with the highest levels of enthusiasm. So the head of WalMart who I know is very nice guy was making a political statement. I mean, I would do it the same way, you know, why? Because I wanna make sure what I make a statement that the statement is correct. And there was no way. No way of making a correct statement that early I had to see the facts, unlike a lot of reporters, unlike a lot of reporters, I didn't know David Duke was there. I wanted to see the facts and the facts as they started coming out. We're very well stated in fact, everybody said his statement was beautiful. If you would have made, it sooner that would have been that would have been good. But I couldn't have made it sooner. Because I didn't know all the facts. So he's saying this over and over again, frankly, people still don't know all the facts, it was very important excuse me. Excuse me. He's being interrupted. It was very important to me to get the facts out correctly because I would have made a fast statement. And the first statement was made without knowing much other than what we were seeing the second statement was made after it it had we had knowledge with great knowledge. There are still things excuse me. There are still things that people don't know. I want to make a statement with knowledge I wanted to know the facts, okay. Reporter two questions was this terrorism. Can you tell us how you are feeling about your chief strategist Steve Bannon. What did Steve Bannon have to do with anything? Trump. I think the driver of the car is a disgrace to himself has family in this country. And that is you can call it terrorism. You could call it murder. You can call it. Whatever you want. I would just call it as the fastest one to come up with a good verdict. That's what I call it. And there is a question is it murder is a terrorism. Then you get into legal semantics, the driver of the car is a murder, and what he did was horrible horrible inexcusable. Can you tell us how you're feeling about your chief strategist, Mr. Bannon? Can you talk about that Steve Bannon? I never spoke to Steve Bannon about it reported. Can you tell us broadly, can you can you still have confidence in Steve? So they get into banner. Let's see here. Trump. Senator McCain said that the off right is behind these attacks. And he linked that same group to those that perpetrated the attack in Charlottesville Trump. Well, I don't know. I can't tell you. I'm sure Senator McCain must know what he's talking about. But when you say the right defined the all right to me you define it. Go ahead to find it for me come on. Let's go Senator McCain define them as the same group Trump. Okay. What about the left that came charging in excuse me? What about the alt-left? They came charging at the as you say off, right? Do they have any semblance of guilt? What about this? What about the fact that they came charging? And he's talking about antiga they came charging with clubs in their hands swinging clubs. Do they have any problem? I think they do and the reporters are yelling at they say in distinctively. So they're yelling over each other Trump as far as I'm concerned that was a horrible horrible day. Wait a minute. I'm not finished. I'm not finished fake news. That was a horrible day reporters keep yelling in. Distinctively. The transcript says Trump, I will tell you something I watch those very closely much more closely than new people washed it, and you had you had a group on one side that was bad you at a group on the other side that was also very violent and nobody wants to say that. But I'll say it right now you at a group Yoda group on the other side, they came charge again without a permit. They were very very violent reported. Do you think what you call the left is the same as Neo Nazis? Those people all those people excuse me. I've condemned neo-nazis, I've convinced many different groups, but not. All of those people were Neo Nazis. Believe me, not all those people were white supremacists by any stretch. Now, remember, what was going on people were protesting the pulling down of a certain confederate statues. And of course, you had the Neo Nazis in the clan that showed up yet and t shirt, but you actually earnestly protesting one way or the other. That's what he's talking about. They weren't all Neo Nazis, and they weren't all antiga. Let's see here. Those people on the reporter, white nationalist Trump. Those people were also there because they wanted to protest the taking down of a statute of Robert E Lee so excuse me. And you take a look at some of the groups, and you see, and, you know, if you're honest reporters, which in many cases, you're not many of those people were there to protest the taking down to the statute of Robert E Lee so this week. It's Robert E Lee I noticed that stonewall Jackson's coming down. I wonder is it George Washington next week is at Thomas Jefferson the week after you know, you really do have to ask yourself where does it stop, which is a perfectly legitimate statement. We used to call this actually, a civil libertarian statement, Those statues aren't necessarily there to honor some of these people those statues are there because that's our history. It goes on. Does the statue of the reporter asked us the statue robbery Lee, stay up? Trump. I would say that it's up to the local town community your federal government, depending on where it's located are you against the confederacy? Listen to these questions by these reporters on race relations in America. The reporter says do you think things have gotten worse or better since you took off with regard to race relationships? Trump. I think they've gotten they never asked this about Obama who was race baiting left, and right and turning American against American you notice, but let's go on notice. They'll never say it to Cossio Cortes or Thai league or Omar never they'll never be questioned and yet they're flat out bigots. And they're proud of it. Trump. I think they've gotten better or the same luck. They've been framed for a long time, and you could ask President Obama about that because he'd make speeches about it. I believe that the fact that I brought in will soon be millions of jobs. You see where companies are moving back into our contract. Think that's going to have a tremendous positive impact on race relations. We have companies coming back into our country. We have to car companies that just announced we have Foxconn and Wisconsin just announced we many companies I'd say pouring back into the country. I think that's going to have a huge positive impact on race relations. You know, why? It's jobs. What people now want? They want jobs, they want great jobs. So we're good pay. And when they have that you watch how race relations will be and I'll tell you. We're spending a lot of money on the inner cities. We're fixing the inner cities we're doing far more than anybody has done with respect to inner cities. It's a priority for me. And it's very important report. Mr president. Are you putting what you're calling the alt-left and white supremacists on the same moral plane? Listen to this. Trump. I am not putting anybody on a moral plane. What I'm saying is this you the group on one side and a group on the other and they came at each other with clubs, and it was a vicious horrible. And it was horrible thing to watch. But there's another side. There was a group on this side. You can call them the left. You've just call them the left they came violently attacking the other group. And again, he means antiques, so you can say what you want. But that's the way it is. Reporter you said there was hatred and violence on both sides Trump. I think there is blame. Yes. I think there's blame on both sides. You look at it. You look at both sides. I think there's blame on both sides. And I have no doubt about it. And you don't have any doubt about it either. And if he reported it accurately, you would say so reporter Ben Neo Nazis started this thing they showed up in Charlottesville Trump, excuse me. They didn't put themselves down as Neo Nazis. In other words, right in. I'm a Neo Nazi? And you had some very bad people in that group. But you also had people that were fine people on both sides. You had people in that group. Excuse me. I saw the same pictures as you did you had people in that group that were there to protest the taking down that taking down very very important statue and the remaining in the park and the renaming of the park from Robert E Lee to another name reporter, George Washington, and Robert E Lee are not the same. Oh, no, George Washington was a slave owner was George Washington, a slave owner. So we'll George Washington now loses status are we going to? So Trump is making the case for not tearing down the statues. It's not making the case for the clan or they need not. So says he Mr. producer. He's rejecting them. But he's saying there's good people on both sides. He means the protesters. He doesn't mean the clansman in the Neo Nazis in antiga. It couldn't be more clear. Are we going to take down? Are we going to take down statues to George Washington? How about Thomas Jefferson? What do you think at Thomas Jefferson? You like it. Okay. Good. And we're going to take down his statue. He was a major slave owner. We're going to take down his statue. You know, what it's fine changing history, you're changing culture, and you had people and I'm not talking about the Neo Nazis and the white nationalist because they should be condemned. Totally. But you had many people in that group other than Neo Nazis and white nationalists. Okay. And the press is treated them absolutely unfairly now in the other group. Also, you had some fine people. But you're troublemakers. And you see them come with black outfits an anti again and with helmet. Some of the baseball bats, you're in a lot of bad people in the other group too. Reporter. I just didn't understand what you were saying you were saying the press had treated white nationalists unfairly look how they try and taunt him and put words in his mouth when I return I will continue..

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