22 Burst results for "Colin Martin"
Bloomberg Radio New York
"colin martin" Discussed on Bloomberg Radio New York
"How much pressure are you hearing to get a little bit more with respect to earnings? I think everyone is asking that question of, is tech a buy? Should I continue to chase this rally? I think one of the most interesting things, bringing it back to the AI conversation, because we have to, right? That's just conversation the dominant right now? I think there are fabulous companies out there, but they're valued at in even more extreme level. In terms of making money in any type of market, it's really that differential. all. Some of the areas that, if you think of the net beneficiaries of AI, the concentration has really been in in those mega -cap companies. But then when you look at areas like cybersecurity, that's going to have to come along for the ride. areas like one of our long term term unstoppable trends is investing in longevity, a net beneficiary of this technology where you haven't seen that type of valuation and you haven't seen the funds really come into those areas. Those are ways to be invested, but not in a pure play. Just quickly, what's special about money S &P? I don't think anything special about 4300. We'll listen to 4299 this week and just in stop there and pull him back. I think the major conversation is once we hit that 20 % appreciation level and this idea that all of a sudden it would turn into a true bull market. I think we have to look at whether you're in the camp higher of for longer in interest rates or you're in the camp that we could see a cut at the end of this year. If there is some type of ultimately, recession it has to signal that we're going to see further contraction within earnings. And that's something that I think the outlook right now is a little bit too rosy. We actually, that was one thing coming into this year, we thought we were going to a see about 10 % contraction in earnings. We've reduced that. We think it's about going to be about a 6 % based on the strong Q1, but still a contraction. This conversation is 15 years ago. I'm not used to a normal conversation that was in Fabozzi or in the CFA curricula. I mean, it's shocking to hear this. It's like, oh, a normal conversation after 15 of years oddity. We're all recalibrating. 15 years of zero rates, is that what you're referring to? Yeah, and no there was risk -free rate. The Sharpe ratio didn't work. I mean, it's all there is to it, and we all made it up as we went. And what's so important Portneer John is all the focus of the media. The financial press is on shortcovering, a short convexity to the upside, stuff I don't even understand. And you know what it's about? The bitterly world, the David Kelly world, which is the basic idea. Do you have the courage to get off the sidelines? That's the heart of the matter. The cash trap? Yeah. It's been a feature of the show for the last few weeks. Kristin, thank you. Thank you. Kristin Biddeley at Citi Global Wealth Management. Just the latest on the East Coast air crisis, and I think we can call it that over the last couple of days. So here's our latest that this blanket of heavily polluted air covering much of the eastern coast of this United States Tom, likely to linger Until Tuesday, it's a bombshell. This is a real adjustment here. And this is from the authorities the U .S. Weather Protection Group over at NOAA. And the And answer is these are the pros in the room. They've got all the tools, all the whizbangs and Zach Taylor over over there and others extend this out from the Saturday -ish talk out to Tuesday. They say there'll be elements of less or more, but all of a sudden we need to reframe this to Tuesday. Expecting some flight cancellations today, some delays across airports in New York City and beyond over to Africa as well. So look out for some of that. I just caught the corner of my Matt Lazzetti at Deutsche Bank walking into him the building. around this We're going to table catch up in with about 20 minutes time. In the next hour on Blinberg TV, on the open, Seth Carpet of Morgan Stanley, Colin Martin, Charles Schwab, Amanda Lynam of BlackRock. All of that coming up shortly from New York. This is Blinberg. Now with the latest news from New York City and around the world, here's Michael Barr. Tom, Lisa, John, the eerie orange glow is back. Let's get an update on the smoky billowing blanket across the East Coast. Blinberg's John Tucker says it could stay with us for a few more days. The haze and smoke from fires in Quebec and Ontario is back today and tomorrow. Aerologist Rob Carolyn says a low pressure system over Atlantic Canada will start to pull away over the next few days. It shouldn't be as bad across the tri -state area. Visibility will be a bit better, but there will be some smoke. The air quality index city reached 392 yesterday. 200 is equivalent to smoking an entire pack cigarettes. of This morning it was at 228. That's still better than Philadelphia where air quality this morning was listed as hazardous. John Tucker Bloomberg radio. Meanwhile the FAA says flights departing from New York's LaGuardia Airport have been grounded. Ukraine's military has launched a long anticipated counter offensive into Russian occupied territory. According to the Washington Post, Ukrainian
Bloomberg Law
Fresh update on "colin martin" discussed on Bloomberg Law
"Bank. I think the market's having a little bit of a summer fling that ultimately ends in heartbreak in the fall. Daryl Cronk of Wells Fargo Bank raising the question, can the gains continue? Sam Hall is chief investment strategist at CFRA. Following 20 percent advances for prior bear market lows, we typically advance about 14 .5 percent and do so over a five -month period. So I would advise not selling too into this rally, at least if you are a longer -term investor. Sam Stovall of CFRA, and you can hear more of that conversation on the Bloomberg Businessweek podcast. You can download it wherever you get your podcasts. At Morgan Stanley Investment Management, Michael Kuschma, the chief investment officer for global fixed income, puts the market backdrop like this. We seem to be bouncing around from one extreme to another, optimistic or pessimistic, optimistic, pessimistic. I think that relates to the fuzziness of what's going on in the world. We're in this transition. Manufacturing is weakening. Service sectors are strengthening. Labor markets are changing around. We've got strength in some sectors, weakness in other sectors. It's very obscure in terms of what the actual underlying trends are. So I think we do have a tendency to bounce around in terms of what we think is going on. Michael Kuschma of Morgan Stanley Investment Management. So what about sentiment going forward? Linda Dissell is Senior Equity Strategist at Federated Armies. That FOMO trade is for real. I was there in 2000, starting to make me feel like 2000. We would love to see this whole thing broaden out to the extent we think that there's not going to be a recession. The problem with that is wage gains are still stubbornly high and business confidence is not good. That usually means that earnings are going to fall. Linda Dissell of Federated Armies. Wall Street is looking ahead to next week's Fed meeting. Colin Martin is Fixed Income Strategist at Charles Schwab. We don't expect a hike next week. We actually think the odds of a hike in July are a bit lower than what the markets are expecting, but at the end of the day the door is open and this is giving them time to really evaluate how their policy is and what it means going forward. Colin Martin of Charles Schwab. The S &P 500 Index up for a fourth week up today by one tenth of one percent. The Dow up 43 up one tenth of one percent. NASDAQ higher by 20 up two tenths of one percent. Global News power by more than 2 700 journalists and analysts in over 120 countries. I'm Charlie Pellet and this is Bloomberg. Now hiring. Want to earn more money for your hard work? Virginia Health Insurance Agency is now hiring sales advisors who want to earn maximum dollars with untapped commissions. Potential applicants will need to get a life in health insurance license. Start earning an email now. Careers at VirginiaHealthInsuranceAgency .com. If you love them enough to listen to them practice the same song on tuba. Please be done. Over and over and over and over and over. Then surely you'll check NHTSA .gov slash the right seat to make sure they're correctly bundled in the backseat. Sounds good honey. Check today at NHTSA .gov slash the right seat. Brought to you by the National Highway Traffic Safety Administration and the Ad Council. Your landscape business is ever changing. There could be a lot more selling to come. Ours is too. Just getting some headlines I want to bring to our audience. We also
Bloomberg Radio New York
"colin martin" Discussed on Bloomberg Radio New York
"Think we have this election coming up. Tom and I were just talking about Patricia bullrich, who is leading in the polls there. She is proposing a sort of buy monetary kind of policy where it's a long lines of an Uruguay or a Peru, where it's sort of a dollarized economy, not really. And they've got 44 billion with tied up with the IMF that they need to rework and the IMF is not talking to the Fernández administration. So there's a lot of hair there. Argentina might be introduced socratic story as we were talking about earlier. I want to talk about turkey and then we saw in Thailand and more broadly, are we seeing a shift to more democratic types of governments and some of these developing markets that are only giving a tailwind to some of the emerging market trade that some people have been piling into so far this year. Well, I think they're making a last ditch effort, right? We have seen that popular shift. Certainly in Latin America over the better part of the last few years, to see something more pivot more toward a capital or a democratic based political regime like we're seeing in Thailand. I think is novel. I think it's amazing. Certainly in turkey, we're seeing a little bit of that, but I just, again, I just think there's so much structurally in turkey to prevent democracy from really getting its footing there. I think that's the real issue there. Unfortunately. Damien, thank you, sir. As always, then it's a Bloomberg intelligence starting with turkey any with turkey. Pierre de Mattis, out of London, who was with rabobank is now within touch capital markets, used to follow him plenty when it was back in London. Number of years ago, he said this, those expecting the Central Bank to make a U turn Lisa and race interest rates markedly after the elections could end up being disappointed. I think to put it mildly. There's the election and who's going to actually win in the end. But then there's also how quickly can you really make an about face given that it is incredibly politically sensitive? I mean, if suddenly people have to pay that much more to borrow money, it becomes rather complicated from a populist kind of sample. That issue in Argentina Tom. It's just brutal. That is brutal. I would say there's some of all my conversations around the World Bank IMF meetings was idiosyncratic doesn't really capture what Damien said, which is the size of help that's already been given, is truly unimaginable. They basically bet the house on helping Argentina and got slapped in the face. In the next half, we'll move on from EM and slaps in the face. Colin Martin, Schwab, semblance and Brown have been parabolic. Of black rock three, very smart individuals on this bond market beyond. You can't do that. You're like, we're going to move on from absolutely everything that you just saw over here. We're going to actually talk about it. Equities. Other things that actually traded. Yes, things that matter at 9 30 Eastern Time. Carry on. You know what I learned today? What did you do? I'm glad I learned something. I have no idea of the midfield of Juventus. Years ago, which was sort of like the ginormous, you know, it was like Babe Ruth and Lou Gehrig. He was a coach and there was a guy you introduced me to today Pirlo, there was Vidal. Somebody else I can't remember. Yeah, yeah, was that like the best midfield ever? It was one of the best sites out there. I think that team, I think it was that team that came undone against Barcelona, the name asked Suarez, Messi Barcelona, ever remember correctly. I think it was that side. It's completely foreigners, but it's like Gehrig and Ruth or, you know, other things we've done. I mean, it's extraordinary what they did. The police you found out who under our pillow is. I did it. I mean, it's just highlighting my dad. We'll
Masters in Business
Fresh update on "colin martin" discussed on Masters in Business
"That headlines GG slash Broadcasting are a lot. 24 coming hours I'm up a Joe right day Wiesenthal at The and Bloomberg .com I'm Stored Tracy Justice and Holloway. classified Department the Bloomberg Stay information says Business with former us. Act, Today's including President top Trump US stories nuclear programs and defense and weapons capabilities. The DOJ unsealed the federal indictment of Trump a day after he announced he would become the first former president to face federal charges. Special counsel Jack Smith spoke on the matter. This indictment by a grand jury of citizens in the Southern District of Florida. Now I invite everyone to read it in full to understand the scope and the gravity of the crimes charged. Meantime, an aid to former President Trump has been indicted. Reports say Walt Naouda is facing charges in the case regarding Trump's handling of classified documents. The Wall Street Journal reported Naouda has been a focus of the investigation after he was seen on surveillance footage moving boxes from a storage room at Mar -a -Lago. Air quality levels are improving in the Northeast and Mid -Atlantic but pockets of unhealthy air still remain. This comes as smoke from the Canadian wildfires drifted down through the U .S. and impacted millions of Americans. A wind shift shift is expected to disperse the remaining haze. New York Congressman George Santos is appealing a judge's order to unveil who bailed him out. Natalie Migliori reports... ... after days a judge ordered Santos to identify the three people who raised the $500 ,000 needed to help bail him out of jail. The congressman's legal team claims revealing that information would backfire on those who helped him, only saying members of his family helped bail him out. The New York Republican pleaded not guilty to wire fraud, money laundering, theft funds and lying to Congress. He's due back in court on June 30th, but a judge could decide to unseal the records at any time. Mexico will seek legal and diplomatic measures over Florida's migrant relocation program. A statement from the Mexican Foreign Ministry condemns the transporting of migrants from states that border Mexico to other parts of the U .S. for political reasons. For Congress, I'm Brian Shook. For the first time, Texas Governor Greg Abbott is speaking out about the impeachment state's attorney general. It's headed toward a stand trial where there is every expectation of a full, fair and transparent process. Texas Attorney General Ken Paxton was impeached over organizations that he used the power of his office to help a political donor. That donor, Nate Paul, has been arrested by the FBI. Netflix is seeing a big bump in subscriptions since implementing new password sharing rules. The television analytics company Antenna reported Friday the streaming giant saw its best four -day period of new sign -ups in the U .S. Netflix gained nearly 100 thousand new subscribers on May 23rd and an average of 73 ,000 new sign over -ups that four -day span. That marked a 102 percent increase for the previous 60 -day average. A family from Las Vegas claims they saw aliens in their backyard after something fell from the sky. Mark Mayfield has the story. On Wednesday, KLAS -TV released 911 call audio from the morning of May the 1st. The caller told the dispatcher there were two non -human beings up to 10 feet tall with large eyes staring at him from his backyard in the northwest valley. This happened about 40 minutes after something streaked low across the sky. A bright green flash was seen across Nevada, Utah and eastern California at that time. The flash was also recorded on a Las Vegas Metro police officers body camera. Nearby by Nellis Air Force Base said it is not involved with whatever happened that night. I'm Mark Mayfield. Prince fans from all over the world are in Minnesota to celebrate the music icon's legacy. Celebration 23 kicked off at Paisley Park Thursday featuring all things Prince including concerts never before heard music and various panels. The four day event runs through June I'm Brian Shuck. And I'm Charlie Pellet at Bloomberg World Headquarters. We check the markets all day long at Bloomberg. The Dow, the S &P and NASDAQ all hired today as the S &P 500 index advances further into bull market territory. Darryl Cronk is chief investment officer for wealth and investment at Wells Fargo Bank. I think the market's having a little bit of a summer fling that ultimately ends in heartbreak in the fall. Darryl Cronk of Wells Fargo Bank raising the question can the gains continue. Sam Stovall is chief investment strategist at CFRA. Following 20 % advances off a prior bear market lows, we typically advance about 14 .5 % and do so over a five -month period. So I would advise not selling too quickly into this rally at least if you are a longer -term investor. Sam Stovall of CFRA and you can hear more of that conversation on the Bloomberg Businessweek podcast. You can download it wherever you get your podcasts. At Morgan Stanley Investment Management, Michael Kushma, the chief investment officer for Global Fixed Income puts the market backdrop like this. We seem to be bouncing around from one extreme to the other. We're optimistic, optimistic, pessimistic, optimistic, pessimistic. I think that relates to the fuzziness of what's going on in the world. We're in this transition. Manufacturing is weakening. Service sectors are strengthening. Labor markets are changing around. strengthens That some sectors, weakness in other sectors. It's very obscure in terms of what the actual underlying fundamental trends are. So I think we do have a tendency to bounce around in terms of what we think is going on. Michael Kushma of Morgan Stanley Investment Management. So what about sentiment going forward? Linda Dissel is Senior Equity Strategist at Federated Armies. That FOMO trade is for real. I was there in 2000 starting me to make feel like 2000. We would love to see this whole thing broaden out to the extent we think that there's not going to be a recession. The problem with that is wage gains are still really high and business confidence is not good. That usually means that earnings are going to fall. Linda Dissel of Federated Armies. Wall Street is looking ahead to next week's Fed meeting. Colin Martin is Fixed Income Strategist at Charles Schwab. We don't expect a hike next week. We actually think the odds of a hike in July are a bit lower than what the markets are expecting. But at the end of the day, the door is open and this is giving them time to really evaluate how their policy is rippling through the markets and what it means going forward. Colin Martin of Charles Schwab. The S &P 500 Index up for a fourth week. Up today by one -tenth of one percent. The Dow up 43 up one -tenth of one percent. Nasdaq higher by 20 up two -tenths of one percent. Global News powered by more than 2 ,700 journalists and analysts in over 120 countries. I'm Charlie Pellet and this is Bloomberg. This is Masters in Business with Barry Ritholtz on Bloomberg Radio. I'm Barry Ritholtz. You're listening to Masters in Business on Bloomberg Radio. My extra special guest this week is Matthew Chabron. He is the co -founder of TKO Capital, a global alternative asset manager with 40 billion dollars in assets management. under The firm has nearly 700 staff members in 13 global offices. co He -founded TKO back in 2004 with Antoine Flammarion, a fellow colleague at Deutsche Bank, was it? Merrill Lynch. There you go, close enough. Matthew Chabron, welcome to Bloomberg. Thank you, Barry. I forgot to mention you have received the
Bloomberg Radio New York
"colin martin" Discussed on Bloomberg Radio New York
"For financial services Colin Martin joins us right now. They're fixed income research acts. Colin, I'm going to cut to the chase. It drives me nuts in financial media where fixed income sophisticates talk about spread. They talk about dynamics. They talk about as if 2022 didn't exist. I looked at one blended iconic bond portfolio down about 17%. I looked at an individual piece, which I'm just going to mention, the 30 year Microsoft piece is down 30% from its price peak at one ten as well. Let's begin with a look back. How bad is the carnage? Well, Tom, it was a really bad year in 2022. And what we tell our clients that Schwab's unfortunately, we can't undo that. How we do like to frame it though is making sure that you're really matching the investments you own with what your time horizon is. So I'm going to use that Microsoft example. You just gave us because a lot of times in the financial media we hear people sort of sensationalize things with like the 30 year treasury and the carnage witness there. But the way we look at it, Tom, a lot of our clients and a lot of individual investors aren't owning 30 year treasuries or 30 year Microsoft bonds. Maybe they have a liability in 30 years, but we don't think a lot of our clients, a lot of individual investors. So we really focus more on the intermediate side of the equation. But I think another way to frame it is what I said before is matching that time horizon. If you buy a bond and you're holding it to maturity, these prices are unrealized. These are not actual paper losses. They're not realized losses. And you know what to expect at a given time frame. Now the same is not true for funds, of course. And that's a whole different story. But we can't undo what we saw last year. It's been a strong start to 2023. We don't expect this pace to continue, of course. But we still think the outlook is favorable now. But again, you just need to align your investments with your time frame and objectives. And what's so important there, folks, is mister Martin absolutely nails where people like me go out to the sensationalism of a 30 year old daresay a 97 year Austrian piece to get a big number to put make a banner pop on television or even abandon a pop on radio with that said, what is the duration that you have? The duration of U.S. paper is 5 6 7 years. Do you come inside that within most portfolios? No, we think that's okay, Tom. And actually, if you're looking for good examples instead of a 30 or 50 or you can go to those European hundred year bonds, that's going to give you a better bang for your buck. But in terms of what we're telling our clients, you know, 5, 5 duration or even a little bit more would be okay with us. The way we frame it is to not just be short right now. I know that's a concern, especially given last year's performance. But we think there's this idea and hesitancy to move further out in the curve because of the inverted yield curve. A common question is why would I invest in a ten year bond at three and a half percent if I can get more in a money market fund or a 6 month T Bill? And we'd rather lock in those yields with certainty. So what that magic number is, we don't really have one. It's going to depend on each individual investor, but we think it's probably a little bit longer than what most individual investors have right now. Khan, don't you get a little concerned or feel uneasy given the rally we've already seen how much yields have come down is concerned that maybe the trades already up. It is a concern Lisa, when we published our 2023 outlook, we thought the ten year could fall to the three to three and a quarter percent range. And we got awfully close to there in just a few couple of just a couple of days. Our guidance is a little bit more difficult now. And we understand it is a difficult pill to swallow to accept a yield at a three and a half percent when it was just four and a quarter percent for the ten year back in October. So it is a little bit more challenging, but our outlook really does remain the same because we do think growth should continue to slow. We think what we've seen in the soft data should translate to a softening in the hard data. We think inflation is going to continue to trend lower. And we think as time progresses, we will see those fed rate cuts. And that's really what it comes down to because if you look at intermediate and long-term yields, markets are forward looking and they're seeing, well, what's the average of that short term rate over X period of time? And we don't know if those rate cuts are going to come in 2023. We think it could be a 2024 issue, but we do think that as growth continues to slow. We will see yields kind of across the curve, especially on the short end fall a little bit. That's the second half of 2023 and the early 2024 issue though. Colin, when do you think that inflation will fall 2%, the fed's goal? It could be later this year. It's probably a 2024 thing. One thing that we look at a lot is first is wages. Yes, they're coming down. But they're still at an elevated level. And I think that we know is a key driver of inflation. And we just look at the broad labor market landscape. It's still relatively strong. We're still trying to figure out how we marry the two issues of the headlines we see of all these job cuts and hiring increase announcements with a still low unemployment rate, but given that that hard data we see, we think the
Bloomberg Business of Sports
Fresh update on "colin martin" discussed on Bloomberg Business of Sports
"Investment Advisor at CFRA. Thanks for joining me today. We typically advance about 14 .5 % and do so over a five month period. So I would advise not selling too quickly into this rally at least if you are a longer term investor. Sam Stovall of CFRA and you can hear more of that conversation on the Bloomberg Businessweek podcast. You can download it wherever you get your podcasts. At Morgan Stanley Investment Management, Michael Cushma, the Chief Investment Officer for Global Fixed Income puts the market backdrop like this. Thanks for watching. Thanks for watching. Thanks for watching. I'll see you next next time. Thanks for watching. Bye bye. The world we're in this transition manufacturing is weakening service sectors are strengthening labor markets are changing around that strengthen some sector is weakness and other sectors. It's very obscure in terms of what the actual fundamental underlying trends are. So I think We do have a tendency to bounce around in terms of what we think is going on Michael Cushma of Morgan Stanley investment management. So what about sentiment going forward? Linda Dissel is senior equity strategist at Federated armies that FOMO trade is for real. I was there in 2000 starting to make me feel like 2000. We would love to see this whole thing broaden out to the extent we think that there's not going This confidence is not good. That usually means that earnings are going to fall Linda Dissel of Federated armies Wall Street is looking ahead to next week's Fed meeting Colin Martin is fixed income Strategist at Charles Schwab. We don't expect a hike next week. We actually think the odds of a hike in July are A bit lower than what the markets are expecting, but at the end of the day the door is open and this is giving them time to really evaluate how their policy is rippling through the markets and what it means going forward Colin Martin of Charles Schwab the S &P 500 index up for a fourth week up today by one tenth of one percent the Dow up 43 up one tenth of one percent Nezdak Har by up two tenths of one percent global news power by more than 2700 journalists and analysts in over 120 countries I'm Charlie pellet and this is Bloomberg and it's difficult to nearly one in two US adults have high blood pressure that's why it's important to self monitor your blood pressure and for easy to remember steps it starts with a Be next to talk to your doctor about your blood pressure numbers get down with your blood pressure self monitoring is power visit manager BP dot org brought to you by the ad Council the American Heart Association and the American Medical Association in partnership with the office of minority health and health resources and services administration it's hard to keep up with breaking global business news that was a mixed day here in the states volatility is sky -high Bloomberg our season porters and anchors make it look easy European stocks hit a fresh record fairs have basically been rendered obsolete the right height dance is playing down the belly of the curve are you worried about a wage price spiral a lot of Wall Street strategists getting more warn more cautious here Bloomberg radio the Bloomberg business app and Bloomberg radio dot com Bloomberg the world is listening what is dedication the thing that drives me every day is that is very honest we call them a day for short every day he's hungry for something whether it's tension knowledge affection and there's this huge responsibility and making sure that
ESPN FC
"colin martin" Discussed on ESPN FC
"Emotional as well. Went to the sideline. You know, spoke with feel a little bit and we made the decision that we're not going to continue until something was done with that player. And if nothing was done, then we weren't going to continue. I think Phil spoke with the opposing coach. When they decided to take the player off, so that's what happened. Taxi fun test has posted this on Instagram. He said, I did not use the word. I'm being accused of using that despicable racial slur is one I denounce and did not use. We had a hot discussion on the field, but I have not racially abused anyone. I firmly reject racism in any form. It is despicable. I have many friends from many cultures. I always respect the culture, religion, and skin color of each person. I am therefore very upset by this accusation and sudden to be falsely accused. Sebastian Salazar is now joining us to discuss the incident further. Thanks for being with us. What's the latest on the whole situation? And as a D.C. United fan, how do you feel about it all? Well, MLS will investigate the league saying in a statement they have zero tolerance for this kind of thing, which you would expect. There is some precedent here, as far as this is concerned in Major League Soccer a year ago, there was an incident with Diego Chara Portland timbers player who was allegedly racially abused by Minnesota United player Franco Fraga pana in that case MLS investigated they couldn't corroborate what was said on the field and so there was no suspension, but according to what we just heard there from not just Deandre yedlin, but Phil Neville himself. It sounds like there's going to be plenty of people that can corroborate what was said or what wasn't said on this field. So I'd be expecting a big suspension. Obviously as a D.C. United fan, it's an incredible disappointment. I hope the league and the club will do their due diligence, look through what happened here, but if they can confirm these allegations, it's just another dark cloud hanging over this team. It's been a brutal season and taxi fun to us was one of the bright spots in that brutal season. He was a guy who came in midway through the campaign, got off to a great start as a DP, but obviously I think as a fan anyway, it's going to be really hard to root for this player if these allegations are corroborated. So you obviously you've alluded to what you think is going to happen there, said, what do you expect to happen next? What are the next steps? Well, MLS will do their investigation. Then I think it's just a matter of if they can corroborate it, which again, it sounds like what we're hearing from the inter Miami side at least. They will be able to. It's a matter of how long will that suspension be? I'm trying to think of kind of comparables. We saw Sebastian legit get just a two game suspension for a homophobic slur that he was caught using. But we've also seen cases like deloy Hansen, the owner for rail saw Lake, who eventually lost his team over allegations of racism. So there's a lot of gray area there for what MLS could do here. I'll tell you this. D.C. United has two games left in their regular season. I can't imagine that we will see taxi playing for D.C. united again. This season, again, that's if these allegations are corroborated by Major League Soccer. And I would be very surprised if he starts next season. This would probably be a very lengthy suspension, one that lasts into the next campaign for D.C. United. And something we saw there as well Shaka was that the players and the coaches have taken things into their own hands there and saying that we're not going to continue if he continues on the pitch. And I thought that was a sensible approach by the players and to the service point as much as you expect MLS will have their investigation. I despite what tax advantage may be seeing on social media. I'm not sure how he gets away with this. Given that other players from inter Miami corroborated, what was said or allegedly said, given the fact that both marriages came together on the sidelines and he was substituted, the referees couldn't take any further action because they hadn't heard it themselves. But as far as president gauze, we are two weeks short of two years to the D, junior Fleming, but playing in the USL for Phoenix rising was accused of using a hobo for mcslug against Colin Martin. Donovan was in charge of San Diego loyal at the time. And they refused to come back on the pitch. They forfeited the game, but he stood by his player who said that that junior Fleming had user a homophobic slur against him. Junior Fleming was suspended 6 games. So at the very least, that is where that is your precedent. To semi's point, we will not. Be seeing him again this season, two games, and we won't see him for the first, as I say. At the very least, first four or 5 games of next season either. Fantastic has that to look forward to despite what he may be claiming. The league have also said their own mark. There are zero zero tolerance policy league and we expect them to act as such. Because that's what we are dealing with these days as well. Players can make a statement themselves. They can push that pressure to it, and that's always been a good thing to say. Thanks so much for being with us. We'll keep everybody up to date with what happens
Bloomberg Radio New York
"colin martin" Discussed on Bloomberg Radio New York
"You the so called SCPs in June, which was 3.4% at the end of this year, 3.8% at the end of next year. Now, with two yields, which almost talking about them, it's a long way away from that guidance. So from June, when market surprised in it, an interest rate above inflation of about three quarters of a point on average for the next ten years It's just about taking out that so called positive real interest rate. And that tightening in the economy. And yet not really factor back in inflation. And I think that's too easy a choice. Either the fed is going to have to hike rates and get policy restrictive. And that's higher than the market is currently a thing. Or we are going to have a more protracted inflation problem. And right now, I don't think the market shall lined up in a sensible manner of having relatively low inflation break evens and a relatively low terminal rate, given the not only the U.S., but the global scope of this inflation problem. John, throw into the mix, what we're seeing right now with Nancy Pelosi expected to land in Taiwan in about two hours, this question of whether the safety bid is to go into short term treasuries or even treasuries at all if it could potentially increase inflation. And if the fed is still going to try to fight with the market is assuming in terms of a pivot, how do you see the response going forward to this type of risk? Look, I think the fed has made it clear that beating inflation is job one and probably job to and then other things come after that at the present time. And the luxury that the fed has had in the past to respond to geopolitical events like, for example, Brexit. And to respond to market events and to respond to the unemployment rate and so on was because inflation was so low. Now we have inflation that in CPI terms is 9.1%. While the July number will probably show a bit of relief because of the decline in gas prices is by no means assured that we've even seen the peak in inflation yet. John, what's so important to John farrow is the thing of units that are Warwick and Roberts godowsky. We've got people doing political economics like lord skidelsky and at the same time we're talking about engineering the economy is if there's any evidence we can engineer an economy. I find that insane. And some might go a step further. There's clearly some policy bias here, some political bias, which is shaping something analysis. Taking place at the moment, John, which I think we all find increasingly frustrating. The simple way to frame this is soft landing versus hard landing. John, which camp are you at? Ultimately, if you had to choose a side right now. I think ultimately it has to be a hard landing the runway is just too short to carry on with the airplane analogy to bring this down on a soft landing given how narrow the gap is between a potential recession and growth at the economy's economic potential. And it's not that the fed tightening causes the inflation as such. What it is is when the public's expectations of inflation are built in sufficiently, those expectations are inconsistent with the policy timing. Now the one good piece of news that the fed has is that the ten year inflation expectations from U.S. households from the University of Michigan is at 2.8%. Now, we don't know how good a survey that is. It's only 500 people and it was at 3.3% in June, and I don't believe long-term expectations bounce around as much as they do. But that's the key thing. If the public believe the inflation increase is going to be transitory. And I think the debate should be framed between, is it going to be a mild recession, when it eventually comes probably late 23, 24? Is it going to be a mild recession? Or is it going to be a deeper recession? And that's the key thing we have to watch inflation expectations because the more entrenched inflation expectations are, the deeper the recession is just the public's beliefs about how the economy is going to unfold and the fed's intention of what it's going to do about the inflation rate come into conflict. You know what I'd love to do. Just listen into the image survey being conducted in real time and see what people say on the phone calls Tom. Can you imagine? Where do you think inflation is going to be in 5 to ten years and how people respond to that? And have they ever called you John Farrell? They've never. They've never called me. They've never used about every three months. At least it's anchoring that number much, much higher. Oh yeah. And there are go to. No, I've never been. I've never been surveyed. John, how much time do we have with writing? Premier League. I mean, John, who looks good in the prep time writing, who looks good in a Premier League. Community shields Liverpool three mattresses city one. So I think those of us Liverpool fans are thought, well, it's going to be probably going to be city season with the upgrade. There we go. I think Liverpool is going to give him a real run for the money again down to the last weekend. There we go. We begin this season Premier League covers team coverage Bloomberg surveillance with John Wright. He's in kicking off this weekend. Of bring capital. Thank you, sir. Futures are down by 7 tenths of 1% in the next hour on Bloomberg TV I'll catch up with Colin Martin and Charles Schwab. Gene to new serve Columbia threadneedle and Victoria green of G squared private wealth as we wait to see if speaker Pelosi touches down in Taiwan. Now the latest news from New York City and around the world, here's Michael Barr. I'm Lisa John president Joe Biden
Caught Offside
"colin martin" Discussed on Caught Offside
"But he seems to have taken to it. And he's fiercely loyal and no pun intended. And protective of his players. I mean, I think, you know, the whole Colin Martin situation where he pulled his team off the field because of a homophobic slur that was thrown at one of his players. You know, I think that that resonated in that locker room. And I think it builds a lot of credibility that he was there for the long haul. I mean, and he was going to stick to his principles and stick to his beliefs. And so the team's doing fairly well this year. I mean, I think last I checked there in third place in the Western Conference of the USL. There were bounced in the first round of the playoffs last year, I believe, if memory serves. And but yeah, we'll see if he continues with it. We'll see how he does. Or if he pulls up stakes and gets back with the quakes. I mean, that would be utterly hilarious on a certain level. He went to San Jose because obviously the manner of his departure where he went back to labor coups and but then signed with the hated galaxy, the quakes archrivals, I mean, that's soured a lot of quakes fans on land and Donovan. And there was a great tweet that I retweeted about how it would be like Darth Vader throwing senator Palpatine down the shaft, like in Star Wars. It would be something if he went back there on one some things. That would be just quite the dramatic arc, if you will. Jeff, I need some information here. Is Gabby slonina going to Chelsea or not? I think ultimately he will. Last I checked and yeah, this is basically confirming my colleagues at the athletic, the deal is not done yet. There's still talks ongoing. But I think Chelsea are very much in the lead. I think it would include a loan back to the fire. I think he finished out the year with a fire and then they'd see what's next. Right. And I think this talk of him being like Chelsea's third string keeper. I really don't see that at the stage of his career. He needs games. You know, and I think for now, MLS is a perfectly good place to kind of earn that experience. You know, he's had some shaky moments this year. He's given up some absolutely God offs and you know, I think a lot of the talk about a transfer and like where he was going to put his international allegiance. I think that kind of did his head in for a bit there. And he seems to be stabilizing a little bit, but I think for the moment the fire finishing the season out with the fire is the place for him to be. Jeff, wanted to ask about bail, obviously, huge name, incredible resume. But there are question marks. Is he all in? He hasn't played that much over the last couple of years. How much will that impact him? Are you hearing skepticism around this? Or is it pretty much all excitement right now? It's pretty much all excitement. I mean, he has huge motivation to get on the field and get sharp before the World Cup. I mean, that is, you know, there's just no denying that. And given the way that LAFC has played, you know, they look poised to go fairly deep into the playoffs. So if not when the whole thing. So, you know, I think, I mean, I think there is some skepticism as to how much he can contribute, but I mean, you know, and let's face it, keeling and bail, there was a luxury signing on the part of the la C. I mean, they were doing really well before. And now they have even more depth. So, but I'm not really hearing a ton of skepticism about bail. I mean, you know, he's this is a big moment for Wales. I mean, what's the first time in 50, 60 years that they've managed to make it to the World Cup? So, like I said, he's got huge motivation to do everything he can to be out as sharpest when everybody heads up over to Qatar. Jeff, on the field, I watched them at the start of the season, was hugely impressed. And I'm going to say, maybe now it's time to ask the question in mid July. Our Austin the real deal. I think so. I mean, you can count me among the skeptics early on. It was like, well, who have they played? Who have they? Are they really, are they really that good? And I mean, I think, or that 17, 18 games, however many it is that they played, you know, I think that's a big enough sample size to say, yeah, they're the real deal. I mean, they've got an MVP candidate in druce. And I mean, I just love the way that guy plays. And he just strikes the ball so cleanly. And I mean, I think about that goal in one of their last games where I think it was a Rudy who hit a shot off the crossbar and for UC just first timed it in. And yeah, I mean, everything he does is just so clean. And so, but obviously they've got other pieces as well. And I mean, gabrielson is getting talked up for newcomer of the year. I mean, he's been fantastic in the back. I mean, Alex ring, I mean, he was kind of a known commodity when he was with NYCFC. So I mean, they've got pretty good balance from front to back and from wing to wing. And yeah, I mean, I think, I mean, do I think they'll win the whole thing? I don't. But they certainly made huge strides this year. And yeah, I mean, I think in terms of being one of the best teams in the Western Conference, they're absolutely the real deal. Jeff from the good to the bad. I wanted to ask about Toronto. Rough start for them this season. Carlos del sado is left going back to Mexico, but insignia coming in. Bernadette possibly coming in. I don't know if that's been finalized, but there's rumors of it. Is there still a pathway to a successful season for them? I think so. I mean, you look, you look at the standings
ESPN FC
"colin martin" Discussed on ESPN FC
"But he seems to have taken to it. And he's fiercely loyal and no pun intended. And protective of his players. I mean, I think, you know, the whole Colin Martin situation where he pulled his team off the field because of a homophobic slur that was thrown at one of his players. You know, I think that that resonated in that locker room. And I think it builds a lot of credibility that he was there for the long haul. I mean, and he was going to stick to his principles and stick to his beliefs. And so the team's doing fairly well this year. I mean, I think last I checked there in third place in the Western Conference of the USL. There were bounced in the first round of the playoffs last year, I believe, if memory serves. And but yeah, we'll see if he continues with it. We'll see how he does. Or if he pulls up stakes and gets back with the quakes. I mean, that would be utterly hilarious on a certain level. He went to San Jose because obviously the manner of his departure where he went back to labor coups and but then signed with the hated galaxy, the quakes archrivals, I mean, that's soured a lot of quakes fans on land and Donovan. And there was a great tweet that I retweeted about how it would be like Darth Vader throwing senator Palpatine down the shaft, like in Star Wars. It would be something if he went back there on one some things. That would be just quite the dramatic arc, if you will. Jeff, I need some information here. Is Gabby slonina going to Chelsea or not? I think ultimately he will. Last I checked and yeah, this is basically confirming my colleagues at the athletic, the deal is not done yet. There's still talks ongoing. But I think Chelsea are very much in the lead. I think it would include a loan back to the fire. I think he finished out the year with a fire and then they'd see what's next. Right. And I think this talk of him being like Chelsea's third string keeper. I really don't see that at the stage of his career. He needs games. You know, and I think for now, MLS is a perfectly good place to kind of earn that experience. You know, he's had some shaky moments this year. He's given up some absolutely God offs and you know, I think a lot of the talk about a transfer and like where he was going to put his international allegiance. I think that kind of did his head in for a bit there. And he seems to be stabilizing a little bit, but I think for the moment the fire finishing the season out with the fire is the place for him to be. Jeff, wanted to ask about bail, obviously, huge name, incredible resume. But there are question marks. Is he all in? He hasn't played that much over the last couple of years. How much will that impact him? Are you hearing skepticism around this? Or is it pretty much all excitement right now? It's pretty much all excitement. I mean, he has huge motivation to get on the field and get sharp before the World Cup. I mean, that is, you know, there's just no denying that. And given the way that LAFC has played, you know, they look poised to go fairly deep into the playoffs. So if not when the whole thing. So, you know, I think, I mean, I think there is some skepticism as to how much he can contribute, but I mean, you know, and let's face it, keeling and bail, there was a luxury signing on the part of the la C. I mean, they were doing really well before. And now they have even more depth. So, but I'm not really hearing a ton of skepticism about bail. I mean, you know, he's this is a big moment for Wales. I mean, what's the first time in 50, 60 years that they've managed to make it to the World Cup? So, like I said, he's got huge motivation to do everything he can to be out as sharpest when everybody heads up over to Qatar. Jeff, on the field, I watched them at the start of the season, was hugely impressed. And I'm going to say, maybe now it's time to ask the question in mid July. Our Austin the real deal. I think so. I mean, you can count me among the skeptics early on. It was like, well, who have they played? Who have they? Are they really, are they really that good? And I mean, I think, or that 17, 18 games, however many it is that they played, you know, I think that's a big enough sample size to say, yeah, they're the real deal. I mean, they've got an MVP candidate in druce. And I mean, I just love the way that guy plays. And he just strikes the ball so cleanly. And I mean, I think about that goal in one of their last games where I think it was a Rudy who hit a shot off the crossbar and for UC just first timed it in. And yeah, I mean, everything he does is just so clean. And so, but obviously they've got other pieces as well. And I mean, gabrielson is getting talked up for newcomer of the year. I mean, he's been fantastic in the back. I mean, Alex ring, I mean, he was kind of a known commodity when he was with NYCFC. So I mean, they've got pretty good balance from front to back and from wing to wing. And yeah, I mean, I think, I mean, do I think they'll win the whole thing? I don't. But they certainly made huge strides this year. And yeah, I mean, I think in terms of being one of the best teams in the Western Conference, they're absolutely the real deal. Jeff from the good to the bad. I wanted to ask about Toronto. Rough start for them this season. Carlos del sado is left going back to Mexico, but insignia coming in. Bernadette possibly coming in. I don't know if that's been finalized, but there's rumors of it. Is there still a pathway to a successful season for them? I think so. I mean, you look, you look at the standings
Bloomberg Radio New York
"colin martin" Discussed on Bloomberg Radio New York
"For them to claw their way back but you're right Tom That's the most common question we're getting And it's not just the shock of seeing the price declines It's what do we do now And the unfortunate news we have to break to them is that we don't necessarily see a rebound in their bond mutual funds because a lot of our clients are likely holding ETFs and mutual funds and something that you all touched on before in terms of how much lower can yields go if we do get a risk off environment we just don't see that much room to go lower with inflation so high and the fed likely to hike aggressively So unfortunately we can't undo the past and the really poor performance we've seen this year But the good news is that we do see a lot of opportunities out there especially with higher quality investments with yields up from treasuries and high quality corporates and unis We're at yields that you haven't seen in years you know highest levels of the post financial crisis era And of course again it doesn't undo what we've seen It's not going to make the value of your bond funds suddenly get back up to the levels they were at the start of the year but we do think it's an opportunity for investors who have been waiting for higher yields to put some of their funds to work All right so where's the pain trade column especially as we look out inflation that doesn't show signs of slowing and we look at a fed that is very concerned about this at a time when you have a complete reset of the globalization trends that really lowered inflation for so long What is the pain trade for people who say bonds finally provide us income at a time when on a real level there's still not Well yeah it is very difficult I mean when you talk about a real level that's the question we get I mean if you're looking at it a ten year treasury yield below 3% when inflation is at 8% a real yield of a negative 5 isn't very attractive We do think tips are one way to address the inflation situation especially with real yields moving into positive territory If you look at tips with maturities of 7 years and beyond you can actually earn positive yields for the first time really since the pandemic began What we're focusing on with our clients is not to take additional risks So when you talk about the pain trade where we see more pain ahead is likely in the junkies parts of the market like high yield Lisa you were showing those headlines before about single names especially in the retail sector coming into this year we were concerned about corporate profits Now we don't look at single names We look at it from a high level standpoint And when I look at specifically for the corporate bond market is data from the BEA because that aggregates all corporate bonded phone large medium sized small public private you name it And corporate profit growth is really really slow in the fourth quarter of last year And we were concerned about how the beginning of this year but look And unfortunately it's not looking too good And we're seeing even these big companies that should be able to manage a lot of these issues especially supply chain issues still kind of stumbling And that poses a risk for the junkies parts of the market If you're a triple C rated issuer a single B rated issuer you have those ratings for a reason And you might not be able to handle any disruption to your operations supply chain issues volatile cash flows things like that So we think there can be more pain with junk bonds We call it just quickly just one point and it's a question really for the equity guys There's a lot of people coming on the program right now I see it a lot in the research on the equity side But you get to the end of the summer after a three month call And then you get a relief rally because the fed backs away What do you think needs to happen for the fed to back away from what is determined to do at the moment I'll steal Powell's line and say that we need clear and convincing evidence that inflation is retreating And we don't have that just yet If you look at the CPI report for April it did come down It decelerated from the previous month but still at very very high levels And there are a lot of things under the surface that indicate that inflation can still remain high I mean we're still seeing wages grow and we're seeing a lot of prices paid index indices from the various fed service indexes from the ISM indices both manufacturing and services that prices are still high So if we get to the summer and inflation is only showed a modest retreat from the highs that might not be enough for the fed to slow down And even when we talk about a slowdown the fed's not going to stop hiking rates They might just revert to 25 basis points as opposed to 50 And if you look at what the fed funds futures market is pricing and despite all this volatility over the past 5 or 6 weeks markets are still pricing in two 7 two 8 for fed funds rate at the end of this year despite all that And that's just something that is going to go higher than that Colin as well Colin awesome as always buddy Colin Martin of the swab center for financial research Thank you to everyone writing in This from a Bloomberg subscriber take this man's tank away and put him in timeout Stocks are not more complicated than bonds You've upset some people this morning TK From New York City this is Bloomberg Now the latest news from New York City and around the world here's Michael Barr There's new action to tackle the nationwide baby formula crisis President Biden is invoking the defense production act and ordering the use of Defense Department aircraft to import formula from overseas Biden also talked about operation fly formula I've directed the Department of Defense and the Department of Health and Human Services to send aircraft planes overseas to pick up infant formula that meets U.S. health and safety standards.
Bloomberg Radio New York
"colin martin" Discussed on Bloomberg Radio New York
"And I'm Charlie pellet At Bloomberg world headquarters Four days of gains for both the S&P 500 Index and the NASDAQ 100 index tech companies led the advance today Colin Martin is fixed income strategist at Charles Schwab We've gotten some good news lately We've seen risk assets bounce back sharply this week Not just in the equity markets but we've seen a strong bounce back in the credit markets as well But there's still a lot of uncertainty out there Specifically the number of rate increases Colin Martin of Charles Schwab Now as for forecasts by fed members for their interest rate projections also known as the dot plot Lisa shallot is chief investment officer at Morgan Stanley As much as J pal has been good at being a good communicator to the street of late I'm not entirely sure that he's been good at corralling all the governors around a true data driven analytical framework Lisa shout out of Morgan Stanley Over at JPMorgan asset management global market strategist David liebovitz says what's not needed is a half point hike To me that the fed would be better off sticking with 25 basis points and potentially trading some rate heights later on this year for an accelerated reduction in their balance sheet in an effort to keep that curve upward sloping and prevent the inversion signal from really undermining investor risk appetite David Leibovitz of JPMorgan asset management The Dow the S&P and nez stack all higher on this Friday now for the week the S&P was up 6.2% NASDAQ this week up by 8.2% the Dallas week advanced 5 and a half percent S&P gained 51 points today up 1.2% the Dow is up 274 up .8% NASDAQ surged today by 2% Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries I'm Charlie pallet this is Bloomberg.
Bloomberg Radio New York
"colin martin" Discussed on Bloomberg Radio New York
"Issue Bloomberg business week We day afternoons at two eastern These are retailers that have been on everybody's radar Those Apple numbers continuing to come in On Bloomberg radio the Bloomberg business app and Bloomberg radio dot com This is a special report the Russian invasion of Ukraine Russia's disinformation is a sign of its desperation so said the U.S. ambassador to the UN It is Russia who is the aggressor Linda Thomas Greenfield blasted claims that Ukraine has a bio weapons program She also noted Russia has a history of chemical weapons use her remarks echo what Secretary of State Antony Blinken said earlier this week France's president is worried about what's happening in the Ukrainian city of Mario pole That's where hundreds are still under the rubble of a theater that was bombed French leader Emmanuel Macron spoke with Russian president Putin today about what's happening in that city and Macron wants a ceasefire right away China is not showing its cards on whether to align with Russia during the ongoing invasion White House press secretary Jen Psaki said China must decide which side it's going to stand with This has been a special report I'm Brian schuch And I'm Charlie palette At Bloomberg world headquarters Four days of games for both the S&P 500 Index and the NASDAQ 100 index tech companies led the advance today Colin Martin is fixed income strategist at Charles Schwab We've gotten some good news lately We've seen risk assets bounce back sharply this week not just in the equity markets but we've seen a strong bounce back in the credit markets as well But there's still a lot of uncertainty out there Specifically the number of rate increases Colin Martin of Charles Schwab Now as for forecasts by fed members for their interest rate projections also known as the dot plot Lisa shallot is chief investment officer at Morgan Stanley As much as J pal has been good at being a good communicator to the street of late I'm not entirely sure that he's been good at corralling all the governors around a true data driven analytical framework Lisa shouted of Morgan Stanley over at JPMorgan asset management global market strategist David Leibovitz says what's not needed is a half point hike To me that the fed would be better off sticking with 25 basis points and potentially trading some rate hikes later on this year for an accelerated reduction in their balance sheet in an effort to keep that curve upward sloping and prevent the inversion signal from really undermining investor risk appetite David Leibovitz of JPMorgan asset management The Dow the S&P and nez stack all higher on this Friday now for the week the S&P was up 6.2% NASDAQ this week up by 8.2% the Dao this week advanced 5 and a half percent S&P gained 51 points today up 1.2% the Dow is up 274 up .8% NASDAQ surged today by 2% Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries I'm Charlie pallet this is Bloomberg.
Bloomberg Radio New York
"colin martin" Discussed on Bloomberg Radio New York
"Special report I'm Brian shook And I'm Charlie pellet At Bloomberg world headquarters Four days of gains for both the S&P 500 Index and the NASDAQ 100 index tech companies led the advance today Colin Martin is fixed income strategist at Charles Schwab We've gotten some good news lately We've seen risk assets bounce back sharply this week Not just in the equity markets but we've seen a strong bounce back in the credit markets as well But there's still a lot of uncertainty out there Specifically the number of rate increases Colin Martin of Charles Schwab Now as for forecasts by fed members for their interest rate projections also known as the dot plot Lisa shallot is chief investment officer at Morgan Stanley As much as J Powell has been good at being a good communicator to the street of late I'm not entirely sure that he's been good at corralling all the governors around a true data driven analytical framework Lisa shout out of Morgan Stanley Over at JPMorgan asset management global market strategist David liebovitz says what's not needed is a half point hike To me that the fed would be better off sticking with 25 basis points and potentially trading some rate hikes later on this year for an accelerated reduction in their balance sheet in an effort to keep that curve upward sloping and prevent the inversion signal from really undermining investor risk appetite David Leibovitz of JPMorgan asset management The Dow the S&P and nez stack all higher on this Friday now for the week the S&P was up 6.2% NASDAQ this week up by 8.2% the Dallas week advanced 5 and a half percent S&P gained 51 points today up 1.2% the Dow was up 274 up .8% NASDAQ surged today by 2% Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries I'm Charlie this is Bloomberg.
Bloomberg Radio New York
"colin martin" Discussed on Bloomberg Radio New York
"The company's T slim X two insulin pump the ability to program and cancel insulin requests Teams of underwater science experts are documenting sounds from the world's oceans rivers and lakes to create a library The global library of underwater biological sounds will include this sounds made by underwater creatures like whales dolphins and fish of the quarter million known marine species scientists think all 126 mammals emit sounds and at least 100 invertebrates and a thousand fish species are known to make noise I'm Michael kassner An Indian boy is now the world's youngest yoga instructor Ray anj sarani who lives in Dubai with his family set the new Guinness World Record after he became a certified yoga teacher when he was 9 years 220 days old The child said he decided to become a yoga instructor after his parents enrolled him in a 200 hour training course in India He now teaches both private classes as well as lessons for school classmates I'm Brian shook And I'm Charlie pellet app Bloomberg world headquarters A wild week for the U.S. stock market is behind us with the S&P this week down 1.6% stocks fell for a second straight week of volatile week marked by whipsawing Russia Ukraine tensions Jill Kerry hall is U.S. equity strategist at Bank of America securities We are expecting a volatile year for equities and we've had a 4600 target for your end on the S&P 500 So look I think it'll be a volatile path to yearend When you look at the fed balance sheet reduction I think that's more important for equities than just the 7 hikes that we're expecting Jill Carrie hall of Bank of America's securities The ama Kron variant jarred the index of leading economic indicators last month and without story Here's Bloomberg's Vinny del giudice the leading index a gauge of the economic outlook declined in January for the first time since February 2021 rising jobless claims during the amaron outbreak triggered the loss as did a dip in consumer expectations with inflation running at the fastest pace in four decades And the plus column factory orders If any doubt you dice Bloomberg radio as for where the broader economic data leaves the Federal Reserve Colin Martin is fixed income strategist at Charles Schwab There are signs not just on the inflation front but on the economic growth front that it's likely slowing And we think that can give the fed a little bit of pause as they engage in their rate hugs Colin Martin of Charles Schwab so again another down week for the U.S. stock market today the S&P 500 Index fell 31 points down 7 tenths of 1% the Dow dropped 232 points also down 7 tenths of 1% the NASDAQ composite index was down a 168 points down 1.2% Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries I'm Charlie pellet This is Bloomberg.
Bloomberg Radio New York
"colin martin" Discussed on Bloomberg Radio New York
"Com President Biden says the situation around Ukraine is escalating quickly Speaking at The White House Biden again said he believes Russia will invade Ukraine in the coming days prior to the president's update White House press secretary Jen Psaki talked about possible energy price hikes following a Russian invasion We expect certainly our conversations with the Saudis will be ongoing and the effort will be focused on ensuring that we're in a full coordination to handle any energy market pressures that could arise The east coast is dealing with another round of winter weather The Washington Post reported over 200,000 homes throughout the northeast were without power Friday morning after dealing with high winds of up to 60 mph Dante writes mother says the justice system killed him again Katie Wright made that comment after former Minnesota police officer Kim Potter was sentenced to 16 months in prison and 8 months of supervised release for killing right I'm Brian schuch And I'm Charlie pellet At Bloomberg world headquarters A wild week for the U.S. stock market is behind us with the S&P this week down 1.6% stocks fell for a second straight week of volatile week marked by whipsawing Russia Ukraine tensions Jill Kerry hall is U.S. equity strategist at Bank of America securities We are expecting a volatile year for equities and we've had a 4600 target for your end on the S&P 500 So look I think it'll be a volatile path to yearend When you look at the fed balance sheet reduction I think that's more important for equities than just the 7 hikes that we're expecting Jill Kerry hall of Bank of America's securities The amaran variant jarred the index of leading economic indicators last month and with that story Here's Bloomberg's vina del giudice the leading index a gauge of the economic outlook declined in January for the first time since February 2021 rising jobless claims during the amaron outbreak triggered the loss as did a dip in consumer expectations with inflation running at the fastest pace and four decades In the plus column factory orders If any doubts you dice Bloomberg radio as for where the broader economic data leaves the Federal Reserve Colin Martin is fixed income strategist at Charles Schwab There are signs not just on the inflation front but on the economic growth front that it's likely slowing And we think that can give the fed a little bit of pause as they engage in their rate how to Colin Martin of Charles Schwab so again another down week for the U.S. stock market today the S&P 500 Index fell 31 points down 7 tenths of 1% the Dow dropped 232 points also down 7 tenths of 1% the NASDAQ composite index was down a 168 points down 1.2% Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries I'm Charlie pellet This is Bloomberg I'm Barry holt you're listening to masters and business on Bloomberg radio my extra special guest this week is Samantha mclemore She is a portfolio manager at Miller value partners She is also the founder and chief investment officer at patient capital So we were talking earlier about how you don't really fall neatly into any buckets in the same is true for Bill Miller but when I look at your specific portfolio some of these names are definitely outside of the traditional value universe matterport Capital One Alibaba grayscale Bitcoin trust I mean that is not your typical free cash flow deep value stock Tell us what it's like to be free from the shackles of the Morningstar style box I think it's a huge advantage So we can look broadly for what we believe are the best opportunities which I think definitely helps us construct portfolios that we think have the most potential When you start putting in constraints obviously that hinders your ability to optimize because they hurt your flexibility So I mentioned earlier talks a lot about how difficult it is to survive in this business And he outperforms in the late 90s during the tech bubble and then also in the early 2000s when the tech bubble burst And what enabled him to do that was his ability to shift between so called style boxes He had tech investments in the late 90s that they were the only thing that outperformed So you had to have them to outperform but then I think it's one of the greatest calls in the history of the business In early 2000 thought it was game over and massively took down his holdings in those sort of names And so took the more classic value names up which is what did well when the tech bubble burst So again having if he had been constrained in one or the other of growth or value that wouldn't have been possible because it was so segmented what did well So I think that having that flexibility is critical to generating long-term returns It can hurt your ability to grow assets because the institutional marketplace is set up and structured in a way that you can be precluded if you operate like that But that's okay because I think we'd rather produce excellent returns for fewer clients than mediocre returns for many So style boxes matter at least if you're looking for institutional clients Yeah I mean I think Warren Buffett you know he talks about the keys or what he thinks is are the keys to being a great investor And he talks about emotional emotional stability independent thinking and a keen understanding of institutional and individual behavior So IQ doesn't make it up on that list But the reason behavior is so important is because again you know there are structures and constraints that pop up that create certain opportunities Again the markets are very efficient And so it's very difficult to outperform So there has to be some reason or something that's existing that creates an opportunity and makes the market wrong And those aren't easy to come by So again if people are defaulting to a certain behavior that might be suboptimal from a return perspective that doing the opposite might be what helps you earn returns.
Bloomberg Radio New York
"colin martin" Discussed on Bloomberg Radio New York
"Local time I'm Michael kassner Kelly Clarkson is hoping to break away from her name The singer and daytime talk show host filed a petition in a Texas court this week to change her name to Kelly Brienne She took on her ex-husband Brandon Blackstock's name legally and privately when they married but kept her stage name as Clarkson It's not clear if she would change her stage name if the court approved her request The court will review the petition next month I'm Brian shook And I'm Charlie pellet At Bloomberg world headquarters A wild week for the U.S. stock market is behind us with the S&P this week down 1.6% stocks fell for a second straight week of volatile week marked by whipsawing Russia Ukraine tensions Jill Kerry hall is U.S. equity strategist at Bank of America securities We are expecting a volatile year for equities and we've had a 4600 target for your end on the S&P 500 So look I think it'll be a volatile path to yearend When you look at the fed balance sheet reduction I think that's more important for equities than just the 7 hikes that we're expecting Jill Kerry hall of Bank of America's securities The amaran variant jarred the index of leading economic indicators last month and with that story Here's Bloomberg's vina del giudice the leading index a gauge of the economic outlook declined in January for the first time since February 2021 rising jobless claims during the amaron outbreak triggered the loss as did it dip in consumer expectations with inflation running at the fastest pace and four decades In the plus column factory orders If any doubt you dice Bloomberg radio as for where the broader economic data leaves the Federal Reserve Colin Martin is fixed income strategist at Charles Schwab There are signs not just on the inflation front but on the economic growth front that it's likely slowing And we think that can give the fed a little bit of pause as they engage in their rate hikes Colin Martin of Charles Schwab so again another down week for the U.S. stock market today the S&P 500 Index fell 31 points down 7 tenths of 1% the Dow dropped 232 points also down 7 tenths of 1% the NASDAQ composite index was down a 168 points down 1.2% Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries I'm Charlie pellet This is Bloomberg This is balance of power with David Weston The state of America and energy is strong Our nation has the resources and the expertise to meet our energy needs Eventually we'll end up with a vaccine that will be able to do better against multiple variants Where the world of politics meets the world of business The fed has to raise rights And by the way that's a good thing The cause of inflation has been this historic pandemic which is upended life in so many different ways in particularly his upended America supply chains We've given Weston on Bloomberg radio Coming up this hour is the SEC underestimating the threat to markets from the GameStop frenzy from a year ago I'll discuss a new analysis with professor Joshua Mitt of Columbia law school and Amazon warehouse workers in Alabama hold a second vote on whether to unionize Plus official estimates say the sea level along the U.S. coastline will be one foot higher by 2050 We talk with the former acting head of Noah retired rear admiral Timothy gallaudet and former U.S. ambassador to Canada Bruce Heyman gives us his take on the trucker demonstration stopping border crossings between the United States and Canada But first the highest inflation rate in 40 years has policymakers in Washington scurrying with The White House saying it's up to the Federal Reserve but some think that there's more to be done on the supply side Cornell law school professor Robert hockett has specific ideas on what the Biden administration can do to tame inflation There's a lot more that it could do Sort of ironic President Biden sort of thought of himself or talked about in itself as possibly a new FDR When he took office about a year ago But if he really wants to make good on that self characterization it seems to me he ought to take a page out of FDR's playbook So back when the Germans overran France in the spring of 1940 much more quickly than anybody thought Roosevelt actually went before Congress and said that he'd like to be producing 50,000 planes a year by the end of that year Everybody sort of scoffed at the time because the airlines are the airplane industry It only manufactured barely over 3000 planes that year So people thought well 3050 thousand within one year seems a bit undoable But Roosevelt did it by the end of the year they were making 60,000 per year And that's not including all the warships that they made the tanks also essentially what they did was they made a serious natural effort Just boosting the capacity to produce the things that the country needed They created entire new industries For example the synthetic rubber industry They created a whole new class of ships the so called liberty ships All of this was done through a very close collaboration you might say With the private sector and the public sector the public sector built the factories built all sorts of supportive facilities such as neighborhoods for the new workers to live in schools for the new workers students to attend health clinics and power sources and other infrastructures that enable people to basically make entire new neighborhoods around entirely new factories The government even built the factories and leased them cheaply to the producers We wouldn't have to go that far in the present case But the fact that we could go that far when it looked like there was a national crisis facing us Suggests to me that we have some learning to do How you go about reestablishing productive capacity that we've systematically downgraded outsourced over the last 40 years Would the executive branch require support from the legislative branch in doing this Would you need authorization from Congress Apparently FDR did not have that although he had a lot back during the new deal But could you do that Yeah there's a lot that we could do because many of the federal agencies that we have have a great deal of authority essentially to extend credit to various firms various firms and various industries All of which credit extension is coordinated by a single financial institution within treasury called the federal financing bank There's a great deal that the FFP working through the.
Bloomberg Radio New York
"colin martin" Discussed on Bloomberg Radio New York
"A Bloomberg subscriber just wrote in and said Alexis accent her English accent is more authentic than mine And it was better Lisa Oh yeah All right Matt scales beautiful thing Matt skills features up a half or 4% I don't think I've said that for about 15 years Maybe 20 Features up on the NASDAQ too yesterday down about 3% of bounce back here by 6 tenths of 1% Yesterday evening a scheduled meeting from next week between mister Lavrov and secretary blinken just enough to settle things down a little bit Settle things down a little bit and lift the tone The sentiment improves in the equity market In the bottom market as you were Two tens and 30s tens unchanged Your ten year looks like this One 97 yields up by not even a single basis point Similar story on 30s or two 30 just south of that and sub one 50 is still on a two year one 49 It is time for the core of this fed to get a hold of the narrative for what to look for for the next month The chairman's got to speak Williams and brainerd front and center That's an important step forward to have the core of this fed at least making your voice heard about what to expect here Because at the moment TK front loading backloading front loading of your president boulard backload the rate hikes if your president mester it's very difficult to get your hands around and what to expect Now Tom maybe that's a feature and not a bug I don't know because they are not prepared to define the path forward from here We should explain this as brain and as the presumptive vice chairman brainer is someone with first rate economic skills but not so much around core monetary theory That's not the case with Williams John out of the New York fed and with a special voice from the New York fed is considered a first rate monetary theory And we haven't heard from him or them for a while CPI was hot PPI was hot retail sales were decent at least at first look That's the story so far You'll settle down unchanged for the most part through the curve Finish on this though the surprise of the week The biggest weekly loss potentially for crude of the year so far WTI's negative by three percentage points on the week with bounced back a little bit similar move on Brent as well Tom fascinating conversation just tremendous interview yesterday with Katy lynch guy Johnson of the head of pioneer who basically turned around And said I don't care if it's a hundred one 50 200 This time around we're going to be so much more disciplined about drilling from the crude John go to Romain please 'cause a big one's landing What's your big jet TV still I could tell you were distracted What's the big one I don't know It's like a Boeing something that's maybe a 7 47 I don't know You just focus on that Okay thank you Let's get you some single names and movies Good morning hey good morning John we'll give Tom a little bit of a break here Keep an eye on of course the big cap tech stocks we've been talking a lot here about to draw down that we've had in this market And I think yesterday was a reminder that a lot of these big cap tech stocks are still mired deep in correction Of course both of the NASDAQ indices in correction here And you've seen a lot of those big cap fang names the one that sort of led us in the last bull market cycle really falling out of favor Netflix one of the biggest drops the one of the biggest drawdowns that we've seen and now Facebook down more than 45% from that all time high and more importantly now dropping out of the top ten with regards to the rankings of the most valuable companies marked by market value out there here It'll be interesting to see what the next leg up is here for this company and more importantly whether investors are going to buy into the story the Mark Zuckerberg is selling with this pivot to the metaverse here Intel also trying to sell analysts here on its strategy going forward pat gelsinger He had an investor day yesterday basically saying we'll get about 2% in revenue growth this year and then that should accelerate to the mid to high single digits and 23 and 24 Unfortunately most of the analyst notes out this morning are pretty skeptical of that At least one calling it absurdly bullish here And then shares taking a leg down here down 17% after coming out with earnings a platform a user growth on that platform coming in a little bit lighter than what the street was expecting Flip with the few M and a things to keep an eye on here First off is pilgrim's pride Remember JBS was supposed to buy out the rest of this company Pilgrim's pride shares down about 15% right now as JBS is said to have walked away from that deal it's not quite clear why they just said a special committee meeting didn't go as planned We do know that there was a lot of regulatory pushback on this deal DuPont also hire here on the day up about 5 and a half percent after agreeing to sell off one of its polymer businesses to sell a knees for about $11 billion And virgin galactic which of course went public about two years ago through a spac that run by chamath palihapitiya Paula hap stepping down from the board giving up the chairman role and stepping down from the board altogether Tom Are you done Thank you so much Just what I just saw there folks And this goes back to the aerospace channel I just saw a major flight from Qatar air abandoned the landing I can honestly say I've never seen that in my life came in above the runway couldn't do it lifted up and turned left with wheels up I was telling me no seriousness I mean right now we're talking about immense skill from some serious pilots coming into Heathrow And for anyone in the UK right now experiencing these wins I've speak to my family at the moment Stay safe tongue Falling trees all of the above It's tough out there at the moment It's a very very important I want to be very careful I don't want to name the flight of Qatar air but it was really extraordinary to see and we think big jet for helping us stay on that on radio and television worldwide Right now in Colin Martin joins us fixed income strategies to Schwab center Colin I'll be direct short term durations done You want to go out what is the strategy to get away from the addiction of being in the triple leverage all cash fund Well we think it makes sense to not abandon short term holdings but at least consider extending out a little bit further on the curve Coming into this year we thought yields could rise a little bit to the one in three quarter to 2% level I'm talking about the ten year treasury yield And we're there now And we haven't really changed that outlook just yet even with the ten close to 2% When you look at the outlook for fed policy expectations for the.
Bloomberg Radio New York
"colin martin" Discussed on Bloomberg Radio New York
"The lowest amount of conviction on That the fed will act aggressively in shrinking its balance sheet They probably should move somewhat aggressively And by that I mean maybe just a little bit faster than what they did last time But they seem to be slow playing this right now They're clearly laying the breadcrumbs where Powell acknowledged that they discussed it at the last meeting and Waller is talking about a quicker reduction We've heard similar comments from bullard But the way they've approached policy over the past year plus tells us that they're probably going to take a little bit of a slower pace there But if they do really want to see yields move a little bit higher and get a steeper yield curve they have those tools They hold so many treasuries that they could offer to other investors But until we hear otherwise from fed officials they'll probably take a relatively patient approach Colin brilliant work this year but I send our best to the team Thank you very much Colin Martin of the Schwab center for financial research Just to hit there of something John riding said of bring capital earlier this week Kayleigh don't wait just to roll things off Don't wait to see his investment reinvestment securities maybe think about selling them Yeah and we've heard consistently from John writing just there in others There's a difference between what everybody thinks the fed should do what would be the reasonable policy responsive would make sense And what they're actually going to do John there's a big gap there There always is Matt there's an industry isn't there and complaining about the Federal Reserve This one's really ramped up for that ten years What is it Matt Fed up By Danielle de martino I love the title I like that title too Yeah so that was two basis points on tens one 53 24 I just thought you were fed up Matt I could sense that as the week goes a little bit older than mass getting a little bit more upset about the post Christmas coverage going into the new year Futures aren't paying advanced two tenths of 1% on radio and on TV This is Bloomberg Now with your news from New York City and around the world here's Michael.
The Generation Red Podcast
"colin martin" Discussed on The Generation Red Podcast
"That point. Like you and i talked about it. We've it was. There was nothing there was. We felt nothing. There was no excitement. There was no joy it was honestly for me. It was just resentment for how awful we were playing it. Just there wasn't anything i was like. I mean you could hear. We had a fairly decent of our fans in the stadium when he did that. Stadium was essentially quiet as if we weren't even there But you know me and my me and my toxic optimism sometimes I did slightly allow a shred of hope to enter my soul at that point and that hope was falsely confirmed with a Defensive stop near the end of the third quarter right after that. Like i get the ball back. We stop them. I was like all right. Assume nine do a little bit of something But then we proceed with more foot shooting with an offensive pass interference penalty against oliver martin. Which i thought was complete and total Those vendors ran into him he was on his route. I mean yes he was supposed to go in there and block but that was also. I'm assuming the design Slant that he was on his route running And then another holding penalty on our offensive line which just completely sucked the life out of any momentum we could have grabbed off of that and that leads does on a good catch by martin too. Yeah yeah it was. It was no. They threw it to tori amari tories. Yeah because martin montoro one was on. The great was on the bull colin martin tori came underneath them and he caught the ball. And then that's why he was so wide open was because of the call that was made on martin and like the next plays when morton made a really good catch but we got called for holding these. That's the way i have it listed. Yeah who knows. I'll have to look on the look that backup to because it was the pass on the call that morton got called for. pi necks. Pass that we got called for holding on. Yeah yeah there was. There was basically. Yeah it was. I thought it was an often that we got sucked again so yes so illinois basically gets the ball back and we actually stop them on a seven play drive and it gives us the ball back and then we go on a nineteen play. Just a long drive. The nineteen play ninety. One four left the game. Yeah ninety one yard drive for a touchdown which once again gave me a stupid amount of hope. But of course culp mrs yet. Another extra point making an innate point deficit that went twenty on extra points last year. Missed two in the first game. Yeah you knew. You were cursed at that point. It's like why do what did like. What bad juju doll did.
The DeMaio Report with Carl DeMaio and Lou Penrose
San Diego Loyal players walk off in protest after alleged homophobic slur used by Phoenix Rising player
"Members of setting a loyal players walked off the field mid game yesterday for fitting in protest after a member of the Phoenix rising soccer team reportedly used homophobic slur directed at loyal midfielder Colin Martin. A loyal forfeited the game against the Galaxy Reserve team last week after a galaxy player used the
South Florida's First News with Jimmy Cefalo
Soccer team forfeits match after alleged anti-gay slur
"Many which Jimmy a soccer team, giving up a shot at the playoffs to show support for one of their players. The San Diego loyal walked off the field with a 3 to 1 lead just before halftime of its USL match against the Phoenix Rising, loyal players claim a rising player directed a gay slurred Colin Martin, one of their openly gay players watch what happened what loyal coach Landon Donovan had to say about what his team did? On the front page of w y dot com The team was loyal. Let's go back