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WNYC 93.9 FM
"commissioner catherine garcia" Discussed on WNYC 93.9 FM
"Is senior political correspondent Bridget Bergen. Good morning, Bridget. Good Morning, Carrie. Well, Adams declared Victory. Tell us where things stand right now. So carry the latest figures show Adams continuing to outpace former Sanitation Commissioner Catherine Garcia by just a single percentage point, which actually translates to about 8400 votes. Maya Wiley was once again eliminated in that penultimate tally. At trailing Garcia by about 12,000 votes or 1.4% points, so you know it really was a close race. Adams issued a statement of victory. But neither Garcia or wily formally conceded Garcia is expected to make a statement in Central Park at the Women's Rights monument later this morning, and Wiley will actually appear outside the Lucerne Hotel in the Upper West Side, and that's that was used to house homeless man. It's become a real flash point in the debate over how this city at response to the homeless crisis if the current numbers stand It really doesn't seem mathematically possible for either of them to pull this out. We spoke a lot about how they had reserved the legal right to challenge the results. But if the numbers stand, it really doesn't seem mathematically possible for either of them to pull this out. And the margins, while narrow, are still wider than that half of 1% that would trigger an automatic recount under state election law. But just as a reminder these candidates did reserve their right to challenge the potential outcome of these results. Filing legal paperwork last week, so we will have to wait and see what they ultimately say today. So what did Adam say about the results? Well, he acknowledged there were still some votes to be counted, but he celebrated. He called the results clear, describing it as a win that was historic, Diverse five Borough coalition led by working class New Yorkers. And then, really? He shifted his focus to winning in November and talked about making the city safe, fair and affordable for all New Yorkers. Well, this was an historic election on several fronts. Adams could become the city's second only black mayor after David Dinkins. Was also the city's first citywide primary with ranked choice voting. So how well did it deliver? Well. The promise of ranked choice voting is to ensure that voters elected candidate with more consensus support. Proponents say it can help women and candidates of color be more successful. Now setting aside the very real snafu from the board of Elections last week. It's worth noting that the top three candidates in this mayoral race were two women, including a black woman and a black man. Then, when you consider the new class of City Council candidates, it's extremely diverse with 29 women, most of whom are women of color. So as we continue to dissect this election carry in the days and weeks ahead. This has to be part of the analysis, right? What about that snafu? You mentioned this hasn't been the board of elections, finest hour. Exactly Are we likely to see any changes to how they operate anytime soon? Well since last week, we have definitely been hearing increased calls for reform. There is an assembly hearing scheduled for later this month, and state Senate leader Andrew Stewart cousins has pledged That That chamber will also hold hearings. But keep in mind that changing the structure of the agency will take time. Even if elected officials remain committed to doing it. Council member Antonio Reynoso, who is actually poised to become the Brooklyn borough president, nominee, along with the head of a reform political club in Brooklyn, the New King's Democrats. Actually laid out a plan, uh, involving changing the state's constitution to make the agency nonpartisan, as opposed to having the Democrats and Republicans literally baked into the law. They also want Board of elections commissioners to be picked through a competitive, transparent process that includes input from all county committee members and not just the county bosses. There are other pieces of state legislation that could also make it easier to count absentee ballots to just speed the whole process up, But the main point really carries. It's up to state lawmakers, and, most likely they will only act if people demand it. Now, even if Adams wins, the election isn't over yet. So what's coming between now and November carry? It's the Adam Slee Wanna show we've got Curtis Lee Watch as the Republican nominee. He is the founder of The Guardian Angels security team, which You might have seen. They patrol the subways and those red jackets and Berets. Um so you can expect to hear a lot more about public safety. That will be a drumbeat of this general election. Um, you may also hear a little bit more about Slee was 15 rescue cats, um, that he and his wife have taken in. He's also talked a lot about no kill shelters. But I expected to be a highly animated race that ultimately, Adams is likely to win because Democrats outnumber Republicans in New York City, nearly 7 to 1. And as Cindy Adams used to say, only in New York kitties only in New York W N Y C is senior political correspondent Bridget Bergen. Thanks so much. Thank you, Carrie. Thank you for me. The marketplace Morning report is coming up next and then in 10 minutes at nine o'clock, It's the BBC news Hour on 93.9 FM. Let's check in with London to see what they're working on. Good morning. W N Y. C. I'm James Menendez today on news out breaking news from Haiti. The President Juvenile, Moyes has been shot dead at his residence by unidentified gunmen. That's according to the country's prime minister will have the latest from Porto Prince. That's BBC news Hour at nine on 93.9 FM w N. Y C It's 75 degrees and sunny in New York City. Very sticky outside. It's going to get worse, says the temperature rises will see highs today around 95. W.
Bloomberg Radio New York
"commissioner catherine garcia" Discussed on Bloomberg Radio New York
"Around the world Here's Michael Barr, Tom John remain tropical Storm warnings are in effect for a long stretch of the Florida coastline, as Elsa will spin through this morning. There were no immediate reports of damage or injuries in the Tampa Bay area, which is highly vulnerable to Storm surges. The CDC now says the delta variant is the dominant version of Covid 19 in the U. S. The Delta varying accounts for more than half of new covid cases, and health officials are concerned about unvaccinated Americans. Doctor She's John, dean of the Brown University School of Public Health, says that those who are vaccinated should be protected, but communities with low vaccination rates are particularly at risk. I'm pretty worried. We have large communities in our country that are not adequately vaccinated and for those places for those people. The delta variant is the riskiest variant we have seen so far. Dr. John spoke to ABC. Brooklyn Borough President, Eric Adams has won the Democratic primary for mayor of New York City, Adams triumphed over a large field in New York's first major race to use ranked choice voting. Adam spoke this morning to CNN. The cities are going to determine the success of this country and we need to come up with a clear urban agenda and I'm looking forward in the next few months to speak with some of the current mayor's in former mayors to talk about how do we make sure we move our country forward? Adams defeated rivals, including former city sanitation Commissioner Catherine Garcia. Adams is heavily favored in the November general election over the Republican nominee. Guardian Angels founder Curtis Leva live from the Bloomberg Interactive Brokers Studios. This is global News. 24 hours a day on air and on Bloomberg. Quick take powered by more than 2700.
Democracy Now! Audio
"commissioner catherine garcia" Discussed on Democracy Now! Audio
"This is democracy. Now the president of haiti juvenile moez has been assassinated in an armed attack in his home. Haiti's first lady was also injured for months. Patients have been protesting the us back president for refusing to leave office when his term ended in february. We'll get the latest then. Pulitzer prize winning new york. Times journalist. Nicole hannah jones has rejected a tenure offer at the university of north carolina chapel hill her alma mater to join the faculty of howard university after prominent right wing donor at. Unc opposed giving her. Tenure has been reported is that there was a great deal of political interference by conservatives. Who don't like the work that i've done particularly sixteen thousand nine hundred and also by the powerful donor who gave the largest donation in the seventy year history of the journalism school. All that and more coming up. Welcome to democracy now democracy now dot org the warren peace report. I'm amy goodman. Haitian president giovanelli movies was assassinated at his home early this morning. First lady martine moe's was also injured and has been hospitalized. President movies had been in office since two thousand seventeen but face large scale protests from two thousand eighteen denouncing government corruption and demanding his resignation rights groups. Say he's responsible for the brutal. Crackdown on protesters and other government critics earlier this year. His opponents accused moi's of orchestrating a coup to stay in power beyond february seventh when his term officially ended but movies clung power with support from the biden administration. Popular demonstrations against moe's had recently escalated will have more on this breaking story after headlines here in new york city. The associated press called the democratic primary race to become the city's next mayor for brooklyn borough president former police captain. Eric atoms the latest tally. Which accounts for most absentee ballots saw adams edge out former sanitation commissioner catherine garcia by one percentage point or just eight thousand four hundred twenty six votes adams who would be the city second. Black mayor ran to the right of his party. Promising to tackle crime. He's also known for supporting charter schools. And the real estate industry meanwhile updated tallies in the new york city council races show women are on track to represent a majority for the first time ever pulitzer prize winning journalist nicole. Hannah jones has rejected a tenure offer at the university of north carolina at chapel hill. And will instead join the faculty of howard university as the inaugural night chair in race and journalism. Hannah jones whose best known for her work on the new york sixteen nineteen project which originally denied tenure by unc. On tuesday she spoke to cbs. News is gayle king. What has been reported is that there was a great deal of political interference by conservatives. Who don't like the work that i've done particularly sixteen nineteen project and also by the powerful donor who gave the largest donation in the seventy year history of the journalism school. So it's pretty clear that my tenure was not taken because of political opposition because of discriminatory views against my viewpoint. And i believe my race. My nicole hannah jones will be joined at howard. A prominent historically black university by the acclaimed author and journalist tana hussy coats will have more on this story later in the broadcast in immigration news. The biden administration's extended temporary protected status or tps two yemeni nationals already in the us citing the ongoing conflict and humanitarian crisis in their home country. Where the un estimates some twenty million people many of them children now rely on aid and tps will be extended for roughly seventeen hundred yemenis through early march twenty three. The current term was set to expire in september. The pentagon announced. It's canceling contentious ten billion dollar contract for a cloud computing system as joint enterprise defense infrastructure or jedi. The contract was granted to microsoft in two thousand. Nine thousand. Nine hundred and amazon sued saying the decision was influenced by then president. Trump's animist towards jeff bezos. Who stepped down earlier this week as amazon. Ceo after tuesday's announcement amazon stock soared amid speculation. That company would receive some or all of a new pentagon contract bloomberg reports bezos personal wealth increased by eight point. Four billion dollars in one day top. Us officials hosted the brother of saudi crown. Prince mohammad bin salman tuesday. The biden administration had not publicly announced the visit by deputy defense minister prince. Khalid bin salman amidst ongoing pressure to reevaluate the relationship between the us and saudi arabia. An intelligence report released in february found that mohammed bin salman directly approved the assassination of washington post columnist. Jamal khashoggi she in two thousand eighteen white house. Press secretary jen psaki told reporters tuesday the. Us was reaffirming. Its commitment to the nation's long standing partnership and saudi defense united nations is warning over three quarters of households in lebanon. Do not have enough food or money to buy food. As the social political and economic crises continued to spiral there. The devastating recession and inflation has led the currency to plunge by ninety percent forcing over half the population into poverty and facing major food and fuel shortages. The world bank's calling the situation in lebanon one of the worst economic depressions of modern history. The european union threatened sanctions last month. The country's leaders could not quickly form a new government and enact reforms caretaker. Prime minister hassan. Diab who resigned from his premiership following the tragic explosion at the port of beirut last august issued another dire warning this week mamata was calling the united nations all international agencies international community and worldwide dependent helps these people from dying and prevent the demise of lebanon living on his a few days away from the social explosion. Starkly slow in israel. The recently formed government too far right prime minister enough taliban it failed to extend an partake law that denies citizenship and even residency two palestinians from the occupied territories who are married to his rallies. The racists law had been extended every year since it was enacted in two thousand and three. The law failed to pass after former leader. Benjamin netanyahu's party and his allies food against it to undermine the ruling coalition which ousted him last month in iran. The outgoing government is hosting talks between the taliban negotiators and afghan government officials as the us closes in on completing its withdrawal from afghanistan and it's taliban forces continue to make major territorial advances. Tens of thousands of families have fled their homes in recent weeks. Foreign minister mohammad. Javad zarif said. Afghans must now make difficult decisions for the future of their country after.
WNYC 93.9 FM
"commissioner catherine garcia" Discussed on WNYC 93.9 FM
"Y. C is senior political correspondent Bridget Bergen. Good morning, Bridget. Good Morning, Carrie. Well, Adams declared. Victory. Tell us where things stand right now. Well, the latest figures show Adams continuing to outpace former sanitation Commissioner Catherine Garcia by just 1% point. Which translates to about 8400 votes. Maya Wiley was once again eliminated in the penultimate tally, trailing Garcia by about 12,000 votes or 1.4% points. So really, it was a close race, but Adams did issue a statement of victory. Ah! It yet neither Garcia or wily, formally conceded. Garcia is expected to make a statement in Central Park at the woman's rights monument this morning. And while he will appear outside the Lucerne hotel in the Upper West Side, which Have been used to house homeless men and became a real flash point in that debate over homelessness, But if the current number stand, it doesn't seem mathematically possible for either of them to pull this out, and the margins will narrow are still wider than that half of 1% that would trigger an automatic recount under state election law. So what did Adam say about the results? Well, he acknowledged there were still some votes to be counted. But he celebrated, and he called the results clear, describing it as a win that was historic, diverse. Five borrow coalition led by working class New Yorkers. And then, really. He shifted his focus to winning in November and talked about making the city safe, fair and affordable for all New Yorkers. Well, this was an historic election on several fronts. Adams could become the city's second only black mayor after David Dinkins. It was also the city's first citywide primary with ranked choice voting. So how well did it deliver? Well. The promise of ranked choice voting is to ensure that voters elected candidate with more consensus support. Proponents say it can help women and candidates of color be more successful. Now setting aside the very real snafu from the board of Elections last week. It's worth noting that the top three candidates in this mayoral race were two women, including a black woman and a black man. Then, when you consider the new class of City Council candidates, it's extremely diverse with 29 women, most of whom are women of color. So as we continue to dissect this election carry in the days and weeks ahead. No. This has to be part of the analysis. So what about the board of elections? This has not exactly been their finest hour, given that they released and then retracted incorrect counts last week. Are we likely to see any changes to how they operate any time soon? Well since last week. We have definitely been hearing increased calls for reform. There is an assembly hearing scheduled for later this month, and state Senate leader Andrew Stewart cousins has pledged That That chamber will also hold hearings. But keep in mind that changing the structure of the agency will take time. Even if elected officials remain committed to doing it, Um, Council member Antonio Reynoso, who is actually poised to become the Brooklyn borough president, nominee, along with the head of a Reform political club in Brooklyn, the New King's Democrats. Actually laid out a plan, uh, involving changing the state's constitution to make the agency nonpartisan, as opposed to having the Democrats and Republicans literally baked into the law. They also want Board of elections commissioners to be picked through a competitive, transparent process that includes input from all county committee members and not just the county bosses. That there are other pieces of state legislation that could also make it easier to count absentee ballots to just speed the whole process up. But the main point really carry is it's up to state lawmakers, and, most likely they will only act if people demand it. Now, even if Adams wins, the election isn't over yet. So what's coming between now and November carry? It's the Adam Slee Wanna show we've got Curtis Lee Watch as the Republican nominee. He is the founder of the Guardian Angels security team, which you might have seen. They patrol the subways and those red jackets and Berets. Um so you can expect to hear a lot more about public safety. That will be a drumbeat of this general election. Um, you may also hear a little bit more about Slee was 15 rescue cats, um, that he and his wife have taken in. He's also talked a lot about no kill shelters. Um, but I expected to be a highly animated race that ultimately, Adams is likely to win because Democrats outnumber Republicans in New York City, nearly 7 to 1. And as Cindy Adams used to say, only in New York kitties only in New York W N Y. Says senior political correspondent Bridget Bergen. Thanks so much. Thank you, Carrie..
Bloomberg Radio New York
"commissioner catherine garcia" Discussed on Bloomberg Radio New York
"Oh 61 to San Francisco. Bloomberg, 9 62, the country Sirius, XM Channel 1, 19. And around the Globe, The Bloomberg Business Out and Bloomberg Radio Duck car. This is Bloomberg It is 6 30 on Wall Street. Good morning. I'm Nathan Hager and I'm Karyn Moscow, where just about three hours away from the opening of US trading. Let's get you up to date in the news. You need to know at this hour we have a winner in the Democratic race for New York City Mayor After more than two weeks of waiting. All the rain choice votes have been counted. Let's get the latest live from Bloomberg's re needed young. Good morning. Renee to Good Morning Karen. After eight rounds of voting. Brooklyn Borough President Eric Adams wins the Democratic primary for mayor of New New York City. He claimed 50.5% of the vote, edging out former Sanitation Commissioner Catherine Garcia, who received 49.5% Adams, who's a former New York Police Department captain, campaigned on reducing crime and restoring the quality of life in the city. His primary wind shows the strength of a diverse coalition is built. That included unions, conservative voters and black and Latino leaders in New York. I'm rainy day young Bloomberg daybreak. All right, we need a thanks. There's also major political news out of Washington were learning. Russian government hackers breached the Republican National Committee's computer systems last week here with details as Bloomberg Washington correspondent Joe Matthew Sources tell Bloomberg the government hackers were part of a group known as cozy bear. That group has been tied to Russia's Foreign intelligence service and has previously been accused of breaching the Democratic National Committee in 2016. I talked about it with Rick Jordan of the I. T Security firm Reach Out Technologies on Bloomberg Sound all the thing that's really alarming as cozy bear first attack solar winds towards the end of last year, 2020 And that was one of the big hacks have been infiltrated the US government. It's not known what data the hackers viewed or stole, if any, and RNC spokesman denied its systems were breached. Joe Matthew Bloomberg Daybreak. All right, Joe, thanks and now Russia is denying any involvement with that cyber attack. The Kremlin says it's in contact with the U. S on the matter. Meantime, in China today, the crackdown on tech companies is gathering steam, Bloomberg News has learned. Beijing is closing a loophole long used by the country's technology giants. Regulators are planning rule changes of lock Chinese companies from listing overseas even if the unit selling shares has incorporated outside China. Well, that news has dd slumping again this morning. Shares of the Chinese ride hailing APP fell 20% yesterday as Beijing looked to remove DD from APP stores. The shares are down another 3% this morning and so far lost about $15 billion of market value. Futures this morning on the rise s and P futures of about five points now, features of 13 NASDAQ futures up 60 and Straight ahead. We have a check of your local headlines as well as sports, and this is Bloomberg. It's 6 33 on Wall Street we bring in Michael Bar for Look at what else is going on in New York and around the world, Michael thank you very much. In the New York City Council member Brad Lander, who won the endorsements of.
Bloomberg Radio New York
"commissioner catherine garcia" Discussed on Bloomberg Radio New York
"Germany is up three quarters of a percent. The CAG in Paris at the 10th of a percent and the footsie 100 is up, 7/10 1st said. Kenya Treasury that'll change at 1.34% they yield on the two year 20.22% at Nymex crude oil is up 1.9% of the dollar 36 at $74.73 a barrel. Nathan All right, Karen will have more on markets in a moment. First we have a winner in the Democratic race for New York City Mayor. Let's get the latest live from Bloomberg's Anita Young. Good Morning, Anita. Good morning. Of waiting in eight rounds of voting. Eric Adams wins the Democratic primary for mayor of New York City. He won 50.5% of the vote, edging out former Sanitation Commissioner Catherine Garcia, who received 49.5%. Adams, the Brooklyn borough president, who's a former New York Police Department captain, campaigned on reducing crime and restoring the quality of life in the city. His primary win shows the strength of a diverse coalition he's built that included unions, conservative voters and black and Latino leaders in New York. I'm Renita Young. Bloomberg, Daybreak. Grenada. Thank you. The June primary for mayor was the first city wide use of the range choice voting and was marked by a botched count in the first tally of rain choice ballots. Bloomberg New York bureau chief Shelly Banjo, says there could still be legal challenges to the vote. There are still a few outstanding lawsuits. So before this recent count Eric Adams, the projected winner, as well as Katherine Garcia, who came in second, and Maya Wiley, who came in third all filed paperwork to preserve their right for preemptive legal action. So what that means is they could come out and challenged. Bloomberg, Shelly Banjo, says Eric Adams is now the odds on favorite for mayor since Democrats outnumber Republicans 7 to 1 in the city. The winner of the Democratic primary is likely to win the general election in November against Republican nominee Curtis Sliwa. Well, there's also major political news coming out of Washington were learning. Russian government hackers breached the computer systems of the Republican National Committee last week. Nancy Lyons has the latest from our Bloomberg 99 1 newsroom in Washington. This latest incursion apparently happened around the same time a Russia linked criminal group unleashed a massive ransomware attack. Two people familiar with the matter tell Bloomberg the RNC hackers were part of a group known as cozy bear that's been tied to Russia. And infiltrating nine government agencies in the solar winds attack at this point, it's unclear what RNC information may have been viewed or stolen in Washington. Nancy Lyons Bloomberg Daybreak. All right, Nancy. Thank you. Now Russia is denying any involvement with the cyber attack. The Kremlin says it's in contact with the U. S on the matter. Turning to corporate news now is a big blow to Microsoft and a win for Amazon. The Pentagon has decided to split up its cloud computing contract, scrapping its original deal with Microsoft. Bloomberg said Baxter has the story. This is the 2019 deal it awarded to Microsoft for $10 billion After several years of wrangling with some of the biggest US tech companies, it is now indicating it is now leading to a split between Microsoft and Amazon. But it also says it's going to talk to other companies if they can prove that they can meet the terms of the contract. Amazon applauded the decision. Microsoft says it respects it. In San Francisco. I met Baxter Bloomberg a break Alright Ed. Thanks. Meantime, in Idaho, The Allen and company conference is underway and Sun Valley, the annual event where the world's biggest tech moguls gather to make deals, Bloomberg said. Ludlow is there and brings us this report. Allen and company's annual event attracts a Who's Who from the world of finance, technology and media. The event wasn't held last year due to the pandemic proceedings this year take place under stringent conditions. Regular guests include Apple CEO Tim Cook, Amazon founder Jeff Bazaars and Facebook chief Mark Zuckerberg. The conference has historically been fertile ground for big deals. The sector's appetite for deal making has certainly been strong this year, with transactions up threefold from last year. The tech conference in Sun Valley. I'm Ed Ludlow Bloomberg Daybreak. Things said in China today, the crackdown on tech companies is gathering steam. Bloomberg News has learned that regulators in Beijing are planning rule changes to block Chinese companies from listing overseas. That's even if the unit is incorporated outside of China began more from Bloomberg. Sofia Horta. It cost to This is not just for companies that are looking to list to a private companies that are not traded yet on US or Hong Kong exchanges, but also importantly, for companies already trading like Alibaba or Tencent. If they want to raise more cash through additional share placement. This would also affect them. Boomer Sofia Hard A Constant said the new rules from China would also threaten a lucrative line of business for Wall Street banks. As that crackdown continues. Shares of DD Global Continue to slide The Chinese ride hailing company fell. 20% yesterday is Beijing Look to remove DD from APP stores. The shares are down another 3% this morning did. He was the second largest U. S IPO on record for a Chinese firm. It's lost about $15 billion market value. That was just yesterday. And back here in the US today began minutes from the Federal Reserve's latest policy meeting, Traders will be looking for insight into the central bank's recent hawkish turn. We get more from Bloomberg's many down should ice fed officials said indicated they'd up for single rate. I can 2023 but rising inflation seems to be prompting a somewhat tougher stance on tightening two rate hikes. Bloomberg Economic says Today's minutes will illustrate shifting sentiment among central bankers baseline projections, for example. Any town base. Bloomberg Daybreak, Benny. Thank you futures higher this morning. Straight ahead. Your latest local headlines plus the check of sports, and this is Bloomberg..
KQED Radio
"commissioner catherine garcia" Discussed on KQED Radio
"It's morning edition from NPR News. I'm Noel King, and I'm Rachel Martin. Good morning. New York City's mayoral primary race is tight. A new preliminary tally shows frontrunner Eric Adams with a slight lead. The latest results were posted after the Board of Elections had to withdraw its initial report Tuesday after they made an error. But there remains a lot of confusion over the city's new ranked choice voting system and a lot of questions about the city's board of elections. Bloomberg reporter Henry Goldman joins us now to talk about all this. Thanks for being here. Hi, Rachel. It's nice to be here. We appreciate you. So I just gave the latest snapshot. Can you tell us based on your reporting where the race stands right now? The race is tight. It's a jump ball. Uh, there are 2% points separating Brooklyn Borough President Eric Adams from former sanitation commissioner Catherine Garcia. It's anybody's race to win, and it depends on 125,000 absentee ballots that remain uncounted. So a lot of people are up in arms about the the confusion. How much does the new ranked choice voting system factor in? Well, it factors in in the sense that it's new, and it's confusing. It was developed because it eliminates the need for a runoff election. We had 13 Democrats running in this election. Eight of them were capable of raising millions of dollars and no 11 more than 32% of the vote in a straight first place vote and this kind of spreads at the power of the electorate. To decide. You know, In order of preference, voters were given five choices that they could rank in order of their favorites. So in theory this is supposed to this is supposed to work to give more agency to the actual voters, but it depends on a board of elections. That's that's also working and and the board admitted that they messed up. They issued this statement saying. The board must regain the trust of New Yorkers. I mean, does this underscore a bigger problem with the board? Well, yes, it's a problem that's existed for almost 100 years, if not more with the board that's divided evenly between Republicans and Democrats, which means that Independence or disenfranchised in this system to a degree, and it's rife with nepotism and patronage. And you know, everybody is somebody's cousin or wife or in law. And they're not necessarily the most capable people in managing an election. So we've had cases of long lines. We've had cases of machines breaking down. We've had cases of, you know all kinds of mess ups. 100,000 absentee ballots in Brooklyn that were faulty and had to be re sent last year in the presidential race. It's a mess and attempts to reform it have been very difficult because the status quo Favours everybody if you're a Republican or a Democrat, and they seem to populate the state Legislature. Are there calls now finding for real reform? There are calls now. I wouldn't say finally because it's been going on for a long time. And it may go on into the future. But yes, this may be the defining moment for changes to the system. I know this is up in the air, but when do you expect final results here? Well. The final results will come when the absentee ballots are counted next week at the latest, that will be July 12th. They're 125,000 absentee ballots and they will be decisive in this race. Bloomberg reporter Henry Goldman. Thank you. We appreciate it. Thank you. The oldest church bells in the U. S hang inside of Boston's Old North Church and on Independence Day, members of a Bell Ringing guild will pull their ropes. Here's W B U. R S Andrea Shea with a preview. Narrow, creaky wooden.
KQED Radio
"commissioner catherine garcia" Discussed on KQED Radio
"20 years of research. More. The line probiotics dot com and by the listeners and members of KQED Public radio coming up on 5 22. It's morning edition from NPR News. I'm Noel King, and I'm Rachel Martin. Good morning. New York City's mayoral primary race is tight. A new preliminary tally shows frontrunner Eric Adams with a slight lead. The latest results were posted after the Board of Elections had to withdraw its initial report Tuesday after they made an error. But there remains a lot of confusion over the city's new ranked choice voting system and a lot of questions about the city's board of elections. Bloomberg reporter Henry Goldman joins us now to talk about all this. Thanks for being here. County, Rachel. It's nice to be here. We appreciate you. So I just gave the latest snapshot. Can you tell us based on your reporting where the race stands right now? The race is tight. It's a jump ball. Uh, there are 2% points separating Brooklyn Borough President Eric Adams from former sanitation commissioner Catherine Garcia. It's anybody's race to win, and it depends on 125,000 absentee ballots that remain uncounted. So a lot of people are up in arms about the the confusion. How much does the new ranked choice voting system? Factor in Well, it factors in in the sense that it's new, and it's confusing. It was developed because it eliminates the need for a runoff election. We had 13 Democrats running in this election, eight of them were capable of raising millions of dollars. And no 11 more than 32% of the vote in a straight first place vote, and this kind of spreads out the power of the electorate. To decide. You know, In order of preference, voters were given five choices that they could rank in order of their favorites. So in theory this is supposed to this is supposed to work to give more agency to the actual voters, but it depends on a board of elections. That's that's also working and and the board admitted that they messed up. They issued this statement saying. The board must regain the trust of New Yorkers. I mean, does this underscore a bigger problem with the board? Well, yes, it's a problem that's existed for almost 100 years, if not more with the board that's divided. Evenly between Republicans and Democrats, which means that independence or disenfranchised and this system to a degree, and it's rife with nepotism and patronage and Everybody is somebody's cousin or wife or in law, and they're not necessarily the most capable people in managing an election. So we've had cases of long lines. We've had cases of machines breaking down. We've had cases of, you know all kinds of mess ups. 100,000 absentee ballots in Brooklyn that were faulty and had to be re sent lashed year in the presidential race. It's a mess and attempts to reform it have been very difficult because the status quo favors everybody if you're Republican or a Democrat, and they seem to populate the state Legislature Are there calls now finance for real reform? There are calls now. I wouldn't say finally because it's been going on for a long time. And it may go on into the future. But yes, this may be the defining moment for changes to the system. I know this is up in here, but when do you expect final results here? Well. The final results will come when the absentee ballots are counted next week at the latest, that will be July 12th there 125,000 absentee ballots and they will be decisive in this Grace Bloomberg reporter Henry Goldman. Thank you. We appreciate it. Thank you. The oldest church bells in the U. S hang inside of Boston's Old North Church and on Independence Day, members of a Bell Ringing guild will pull their ropes. Here's W B U. R S Andrea Shea with a preview. Narrow, creaky wooden steps Wind up to the old North Church is ringing room where four members of the MIT Guild of Bell Ringers have gathered for a session. They've come from around Boston to pull on the eight ropes that dangle from holes in the ceiling. There's one for each mammoth bell hanging up in the Belfry. Here we go. Each ringer is in control of one bell. And so in order to bring anything, there is an element of teamwork where each ringer needs to ring their bell in the right.
Bloomberg Radio New York
"commissioner catherine garcia" Discussed on Bloomberg Radio New York
"Chief financial officer, has surrendered to authorities in New York, Alan Weiss Oberg is facing tax related charges. Yesterday, a grand jury indicted him and the Trump Organization. A person familiar with the matter says the exact charges he's facing will be unsealed later in the day, but are expected to involve on paid taxes on benefits extended to Y Silberg. Trump has slammed the probe by District Attorney Cyrus Vance Jr. A Democrat as politically motivated. The race for the Democratic nomination for New York City mayor appears to be tightening After initial confusion over the botched results, we now have the real tally from the cities ranked choice round of voting. Bloomberg's Juanita Young has the details. The corrected tally for New York City's Democratic primary is so similar to the bogus results that the Board of Elections put out a statement insisting the new numbers were indeed correct. Brooklyn Borough President Eric Adams now lead city sanitation Commissioner, Catherine Garcia 51.1% to 48.9%. The fate of the Democratic primary for New York City Mayor now lies with 125,000 absentee voters. Those ballots won't be counted until next week in New York. I'm rainy day young Bloomberg radio President Joe Biden and first lady Jill Biden are heading to the site of the Florida condo collapse. Search crews going through the ruins and sunrise pulled six more bodies from the rubble yesterday, bringing the number of confirmed dead to 18. Number of residents unaccounted for. Stands at 1 45 at Surfside live from the Bloomberg Interactive Brokers Studios. This.
MSNBC Morning Joe
"commissioner catherine garcia" Discussed on MSNBC Morning Joe
"Twenty eight past the hour beautiful shot from the top of the rock in new york city as the sun comes up on this wednesday morning or already thursday the chaotic race. It's thursday for new york city. Mayor took another turn yesterday. One day after the city's board of elections released and then rescinded new results in the democratic primary contest. New numbers show former city sanitation. Commissioner catherine garcia who is behind by thirteen points previously now trailing former police captor captain. Eric adams by just two points. These numbers are largely in line with the fall to results released on tuesday the b. o. a. b. o. e. later called the mishap to quote unacceptable error when one hundred and thirty five thousand test votes that were meant to be cleared from its system were reported in the vote count. This prompted a lawsuit from the atoms campaign. yesterday it announced it is petitioning. The court to quote preserve our right to a fair election process. More than one hundred twenty thousand. Absentee ballots. Still remain unaccounted for as the city uses a ranked choice voting system for the first time. What a mess here. Now with more in that city hall and politics reporter for wnyc. Bridget bergen and bridget. I could see how the candidates would be getting pretty stressed out at this point wanting the numbers to be counted and counted right and the people of new york as well absolutely. Mika i mean i think one of the most important things when we look at those tallies though to remember is that these are just interim results. The results that were released this week. Were never intended to be the final results and while the error made by the board of elections was egregious and is understandable that it would shake the confidence voters and the candidates. The good thing is that they identified it before it was part of any additional tallies or certainly any certification process. The other part to remember is while the race has narrowed significantly with eric adams with only a two point lead over catherine garcia maya wiley. The tally says eliminated. She was only behind catherine garcia by about three hundred forty seven votes and as you said there were one hundred. Twenty thousand outstanding absentee ballots. That are not included in that tally and so we are very fair to say that this race is still wide open still being that still very much alive and even those lawsuits while that is something that procedurally candidates do rather routinely. It's a product of new york state election law. They have to file these orders in order to protect the right to challenge any ballots within ten days of the primary. So that would be to friday and so these are preempted actions. But they don't necessarily speak to anything that has happened so far. It just guarantees that these candidates have a right when they are canvassing. These absentee ballots to raise objections. And had they not smith those orders. They wouldn't be able to do that. Bridget as you said my wiley is not going to drop out of the race. And why on earth would she. If you have garcia trailing by only two percents eric adams and then my wallet trailing badly three hundred forty seven votes with one hundred and twenty thousand absentee out there so as this process worked. How could my widely be declared eliminated. Well what they were doing was giving us our first look at what the ranked tallies looked like and so just to be clear on primary night we saw a snapshot of how voters identified their first choice votes. This was the first time we saw when they took into account people second through fifth choice votes and showed us the tallies using this ranked choice algorithm. And so this again. It's a snapshot we have additional votes. That need to factor into this total. One of the things is looking at. Where some of these absentee ballots are coming from if you were to try and do a little bit of a game analysis. A lot of these absentee ballots are from manhattan. That's where catherine garcia won the largest share of the votes however there are also votes coming in obviously from all five boroughs. I think one of the things will be watching is as we see the next tally which is expected on next tuesday july sixth. How much do these numbers change. Because the one thing that is certain is that these numbers will change. Virgin and richard haass the company who manages the software used in the election tells. Nbc news at the board of elections repeatedly denied it's offers of assistance according to the ranked choice voting resource center the b. o. e. refused to accept training education. A blind review and an offer to run parallel tabulation for the primary company says it continued to reach out via email phone calls and even an in person visit but those efforts were ignored. Abo spokesperson told nbc news. That's board of elections quote. The software was not the issue. Adding the problem was human error. I don't know what makes me feel better. Richard haass up. What do you make of this thing should make you feel better about this. This is incompetence on steroids. This is corruption on strikes. The people on this committee of the board of elections should not be there. These are political hacks who are totally unqualified to oversee anything. They should be overseeing their breakfasts. Then you have this. Why in the world is the board of elections releasing these results which are meaningless. Until you've counted the absentee ballots. How can you possibly release Votes or numbers about Ranked choice voting. The they have no meaning. They have no no standing. This is a deeply flawed system. Unfortunately it's going to be extraordinarily hard to fix. It's not in the purview of the next mayor or the governor. But this this this michael kinsley once said what scandalous is what's legal. This is a scandal for the people of your and it's not going to make life easy but the next mayor who quite possibly is going to begin with some kinds of cloud and brigid. This is not of course. The first time it'd be away has publicly displayed it's incompetence you can go back through the last several elections and find problems there but you know ranked choice voting has its proponents. Is this the end of ranked choice voting in new york city. Perhaps based on how this has been rolled out and just basically on how long it's going to take even under the best of circumstances to determine a mayor. Well again i think is not going to be the end of ranked voting because this is a voter-approved ballot referendum and so to end it would require voters approving an initiative to repeal it. There is propose legislation to do that. But i think we're a long way from that point. Certainly there will be a very critical review from lawmakers the local and state level about how this election was run and to what degree rules need to change to account for ranked voting as part of the process. But in terms of the timing. I mean it is important to remember that the timing here in terms of getting the full. Incomplete results is a product of state election law. It is a product of win. The board of elections is allowed to count absentee ballots. There is a push to end legislation. That has been passed at the state level. That would allow for absentee ballots to be counted sooner. And that could help speed up this process but again at this point it's not really the ranked choice voting tally that slowing things down. It's the rules around how we conduct elections the way. We mail out ballots when we're allowed to count them. That is really. What is hard of this slowing up. This process. All right city hall and politics reporter for wnyc bridget. Bergen thank you very much and coming up a lot going. On with the new york times learned about the capital riot after analyzing thousands of videos of the attack plus a new ranking of the us presidents by their leadership ability. Morning joe is coming right back..
Bloomberg Radio New York
"commissioner catherine garcia" Discussed on Bloomberg Radio New York
"Wall Street. We check the markets every 15 minutes Throughout the trading day on Bloomberg S and P futures down seven points this morning Dow futures down 74. As day futures down 23 the DAX in Germany is down. 1.2% the 10 Year Treasury up for 30 seconds. Yield 1.45% and the yield on the two year 20.24% Amy Karen will have more on the markets in just a minute. But first we start with the race for New York City Mayor. A major blunder in the vote count has turned that election upside down. Let's get the latest live with Bloomberg's run it a young Grenada Amy one. Preliminary results came out yesterday It looked like former Sanitation Commissioner Catherine Garcia was narrowing the gap with the front runner, Brooklyn borough president Eric Adams. But New York City election officials mistakenly counted about 135,000 dummy ballots that skewed the outcome and forced them to retract the results. Those extra votes were the result of pre election testing of new software being used for ranked choice voting. It turns out those test votes were never cleared out of the system before the real voting began. Now, keep in mind. This was the city's first major test of a new ranked choice voting system. The board of Elections now says the winner of New York City's Democratic primary for mayor may not be known until July 12th in New York. I'm rainy day young Bloomberg daybreak. Turning to Capitol Hill. There's a rare show a bipartisan unity this morning over tax policy. 18 House members from both sides of the aisle are pushing to include state and local tax deductions in upcoming legislation. The so called assault deductions is a top priority for New Jersey Governor Phil Murphy, who wants more tax relief for Garden State residents. We're doing a lot of tax reliefs. Folks are going to start getting in the middle class checks in the mail at the end of this week, so we get a lot lot going at that. It's not solved, but we're making progress. New Jersey Governor Phil Murphy spoke with David Weston on Bloomberg's balance of power. You can catch the show weekdays at noon on Bloomberg Radio and Television turning to the economy, now a key name at the Federal Reserve wants to start scaling back asset purchases sooner than expected. That Governor Christopher Waller wants to start by tapering mortgage backed securities. He says the economic outlook is strong, though the labor market still has room to recover. Really, The only remaining thing is the labor market hasn't quite come back. So unemployment still much higher. Even though it's in good shape at 5.8% relative to other recessions, unemployment rate would have to drop fairly substantially or inflation would have to really continue at a very high rate before we would, you know, take seriously rate hike in 2022, but I'm not ruling it out. That Governor Chris Waller made those comments in an interview with Bloomberg's Kathleen Hays. And speaking of the labour market, We get a key reading this morning ahead of Friday's jobs report at 8:15 A.m.. Wall Street time payroll provider. ADP issues data on business Hiring. Economists forecast a gain of about 600,000 new jobs in June. Bloomberg's Vinny Del Giudice has more businesses are rushing to find workers as the U. S economy awake from the nightmare of Covid 19 Mace ADP report showed a gain of almost one Million private payroll jobs, the most since June. 2020 Bloomberg economic says leisure, hospitality and transport lead June hiring is the economy reopens the government issues official employment data Friday Guys Bloomberg Daybreak. Any thank you. And we'll get reaction to that. ADP report plus more on Fed policy coming up later today when we speak with Dallas Fed President Robert Tabl in training for that at noon, Wall Street time on Bloomberg radio and television. Economic activities. Also in focus in China today, data on manufacturing was little changed in June, suggesting Beijing's recovery is stabilizing at a solid pace. Bloomberg Daybreak Asia anchor Brian Curtis has more from Hong Kong. The official. PMI slipped to 50.9 in June, but did top estimates of 50.8. The non manufacturing gauge, fell to 53.5 lower than the 55 3 in a Bloomberg survey. The data add to signs that China's recovery is steadying after rapid expansion from the pandemic. Some bottlenecks remain, though supply chain issues are one raw material prices. Another Still, growth is becoming more balanced among sectors. Top policymakers say the economy is stable and strong, even though global and domestic risks remain in Hong Kong, Brian Curtis Bloomberg daybreak Brian. Thank you. And in corporate news out of China, the ride hailing service Didi has raised about $4.4 billion in its U S. I, P. O D. D is the second largest U. S listing of a Chinese company after Alibaba shares begin trading today on the New York Stock Exchange. Turning to the markets. Now U. S stocks are closing out the first half of the year in record fashion, both the S and P 500 NASDAQ art all time highs. Pimco Portfolio manager Aaron Brown sees room for big tech to move even higher, given how oversold the tech sector was and given how on evaluation basis relative to value sector has his really underperformed. We think that Tech is right to buy. Pimco's Aaron Brown also supports moves into commodities and real estate investment trusts. So far this year, the Bloomberg Commodity Index is up nearly 20% and speaking of commodities oil is in focus this morning ahead of a critical OPEC meeting. Preliminary talks were set for today, but now they're being postponed. Some ministers have more time to reach a compromise. OPEC and its allies are considering how far the hike output is. Global demand bounces back. The alliance will now get the minutes advisory body the same day as its main policy meeting tomorrow, checking oil right now, Nymex crude is at 1% or 74, cents at $73.72 a barrel straight ahead your latest local headlines plus a check of sports And this is Bloomberg..
Bloomberg Radio New York
"commissioner catherine garcia" Discussed on Bloomberg Radio New York
"Police say the incident happened just after seven Saturday morning on a state highway just south of Myrtle Beach. The two people in the SUV were pronounced dead at the scene, and the other deceased was a passenger on the bus. The bus was carrying 35 people, including the driver. No information was released on how many others were injured. I'm Jim Forbes, an American athlete has broken the world shot put record Ryan crosser through the iron ball, a record 23.37 M at the Olympic trials in Oregon. Just over 76 ft eight inches that shatters the previous world record by a full eight inches. Krauser won the gold medal at the Olympics in 2016 and will defend the gold in Tokyo next month. It's the first day of summer the longest day of the year, The summer solstice as the Northern Hemisphere reaches its maximum tilt toward the sun. I'm Cameron Fairchild, the race to be the next mayor of New York City takes an unusual turn as to leading Democrat contenders hit the campaign trail together. David Folk. Thomas has the story entrepreneur and one time presidential candidate, Andrew Yang, appearing together with former Sanitation Commissioner Catherine Garcia at San Today rallies in Flushing and the East Village the unlikely alliance, a byproduct of the ranked choice voting system being used for the first time. But while Yang encouraging his supporters to include Garcia on their ballots, Garcia not returning the favor. Let me be very clear. I'm not co endorsing. We are campaigning together. We are promoting ranked choice voting the primary elections scheduled for Tuesday. The Delta coronavirus train is becoming the.
Bloomberg Radio New York
"commissioner catherine garcia" Discussed on Bloomberg Radio New York
"And the Bloomberg Business Act. This is Bloomberg Radio. Now a global news update. Dozens of homes destroyed three people injured after a tornado spawned by Tropical Storm Claudette hits the town of Brewton, Alabama, not much left of the two mobile home communities that destroyed 60 Catholic Democrats in Congress signed a document asking Catholic bishops not to deny President Biden holy sacrament because of his views on abortion. Jim Forbes has more. The letter, dubbed Statement of Principles came in response to the U. S. Roman Catholic bishops Friday, announcing they had voted to draft a statement on Holy Communion. That may deny sacrament to politicians, including the president who supports abortion rights. The document from the Democratic lawmakers states government quote has a moral purpose and says no elected officials should be threatened because they support policies that aren't in line with the church. I'm Jim Forbes, a woman is dead after exchanging gunfire with a Flint, Michigan police officer. It all started yesterday afternoon, not far from a Juneteenth parade. Officials say an officer was working a traffic stop when a person drove up and began shooting. The officer returns fire hitting the 19 year old who died at the hospital. The woman's name has not been released. The officer was unhurt, and Michigan State police are conducting an investigation. Are U C. Davis alum is dead after going missing while in Russia. News reports in Russia say that Catherine Ciro's body was found on Saturday near bore that's a city about 250 miles east of Moscow. The 34 year old disappeared for several days and unidentified suspect has been arrested and the Palestinian Authority is canceling an agreement that would give them at least a million doses of covid 19 vaccine. Abrupt turnaround comes after health officials in Palestine inspected the first delivery on Friday and found that the doses did not adhere to previously agreed upon specifications. I'm Bill Trapero swimming star Ryan Lochte. He isn't heading to Tokyo as part of the U. S Olympic team. Lochte finished seventh in the 200 M individual medley at the U. S. Olympic trials in Nebraska, the gold medalist failed to get past the prelims than any other race. Like, he said. It's not the end of the road for him and swimming. Meanwhile, an American athlete has broken the world shot put record Ryan crosser through the heavy iron ball a record 23.37 M at the Olympic trials in Oregon on Saturday. That works out to just over 76 ft eight inches and shatters the previous record by a full eight inches. The 28 year old crosser won the gold medal at the Olympics back in 2016, and he'll defend the gold in Tokyo next month. The race to be the next mayor of New York City takes an interesting turn as to leading Democratic contenders hit the campaign trail together. Former Sanitation Commissioner Catherine Garcia appeared together with entrepreneur and one time presidential candidate Andrew Yang on Saturday at rallies and Flushing and the East Village. The unlikely alliance is a byproduct of the ranked choice voting system being used for the first time. But while Yang encouraged his supporters to include Garcia on their ballots, Garcia did not return the favor. Let me be very clear..
Bloomberg Radio New York
"commissioner catherine garcia" Discussed on Bloomberg Radio New York
"20 series deficit to win it in six will face the Phoenix Suns of the Western Conference final after a year hiatus because of the Covid 19 pandemic. Make the college World Series gets underway today in downtown Omaha. All Julia Martino reports Stanford takes on North Carolina State at one o'clock this afternoon to kick off the series than defending champs. Vanderbilt Face Arizona at six o'clock tonight. On Sunday. Tennessee plays Virginia in the early game as Texas squares up against Mississippi State to wrap up the first weekend of play in the evening game. I'm Cameron Fairchild. And I'm Susanna Palmer in the Bloomberg News Room. A big week ahead in New York City politics. Early voting for mayor and other races ends tomorrow and primary date is Tuesday. Ahead of that, in an interesting alliance, Former Sanitation Commissioner Catherine Garcia and entrepreneur Andrew Yang agreed to campaign together today in each other's political strongholds. The team up aims to take advantage of the dynamics of the city's new election system, which allows voters to rank their choices at the expense of the front runner, Brooklyn borough president Eric Adams. You can hear coverage of the primaries Tuesday, starting at seven PM here on Bloomberg Radio. Investors are still heading for the exits at Renaissance Technologies, pulling $11 billion from the quant giant in seven months. More from Bloomberg's Charlie Pellet, according to investor documents seen by Bloomberg. Disgruntled by sub par returns, clients have now redeemed or asked, redeem more than a quarter of the capital. That Renaissance manages in hedge funds with outside money from December to February, clients polled or asked to pull about $5 billion from the funds. That was followed by about six billion more through June, according to the documents. While redemptions peaked in April, they did slow in May and June Charlie Pellet Bloomberg radio. Investors are still trying to figure out their next move following the Federal Reserve's signal this week that it may raise short term interest rates twice by late 2023. That's earlier than expected. Matt Horne back is head of global macro strategy at Morgan Stanley At the last press conference, Powell essentially paid lip service to inflation and focused a lot on the labor market. I think he did the exact opposite. Earlier this week, he paid lip service to the labor market and spent a lot of the time focusing on inflation. For the week. The S and P 500 was down 1.9%. The Dow fell. 3.5% and the NASDAQ fell 3/10 of 1% this week. Global News 24 hours a day on air and on Bloomberg Quick take powered by more than 2700 journalists and analysts and more than 120 countries. I'm Susanna Palmer. This is Bloomberg Bloomberg opinion informed perspectives and expert data driven commentary on breaking news. Welcome to Bloomberg opinion on Bloomberg Radio. Bring your news comments and insights from Bloomberg opinions worldwide Team of editors and columnists. I'm your host June Grosso this week Should Supreme Court justices retires strategically also on the show why the housing bubble may be ready to burst. Plus how high job turnover has left a trail of orphan retirement accounts. But first, the pandemic virtually stopped global travel and with it paused the careers of many in the aerospace industry. And despite the industry opening back up, getting employees to return to the workforce will be harder and more expensive for airlines and manufacturers. That's according to Bloomberg opinion columnist Brooke Sutherland, and she's here to explain At this time last year. Where were aerospace manufacturers? And where are they now? They were drastically trying to figure out the future of their business. Quite frankly, I mean, you know, air travel had all but come to a standstill. There was no end in sight really for the pandemic, and we just weren't sure what exactly we were dealing with and you know, there's a natural lag between any kind of recovering air travel, and when the airline feel like they're ready to buy planes again. I think that also brought a lot of pessimism in the aerospace manufacturing sector. But stop forward and the air travel recovery has been much faster than anyone anticipated. There's still a divide we're seeing, you know, stronger demand domestically within the U. S. And also within China. International travel still remains fairly weak and offer you know those countries that are still Dealing with devastating covid outbreak also are not seeing a ton of demand right now, but it is coming back. And that is translating into aircraft orders. Which is sort of incredible when you think about it. And you know, some of these airlines are probably getting decent prices because they're looking at the Boeing 7 37 Max, which is of course, recovering from it don't crisis But you are seeing airlines really be interested in getting planes again. And that raises the question of okay. Well, you know, can these companies actually make Jeff now what about supplies? There are problems with supplies before the pandemic. There were and so you know, pre pandemic air travel was sort of on this seemingly unstoppable trajectory upward where it was growing. Every year. We have more and more people coming into the middle class. More people placing a premium on travel and experiences over stuff and you know, when you talk to analysts, investors in the sector they expect that we will eventually get back to that long term trend and pre pandemic before we had this devastating part in that trajectory and supply chain was struggling to keep up following an Airbus We're cranking up production of their Marquis jets and the supply chain was really struggling with that, and that was a big concern. And so I think, as we think about Getting into the recovery safe and having Boeing and Airbus start to increase their production. Eventually, they want to make sure that their supply chain is in a place where they can actually do that. With the job market the way it is, will they be able to fill those jobs where they have to pay more? I think that's a very fair question in this one that I don't think manufacturers are thinking enough about quite frankly and you know, for perhaps a good reason. They've just gone through this incredibly traumatic experience, and they are probably thrilled to be talking about a recovery and worried about keeping up with production rather than you know, having to continue cutting The pace, which you know, not that long ago, it was something that people wonder did Boeing and Airbus cut production enough. So look, I mean, this is a good problem to have, But I do think when you look at the labor market here about all of the companies are complaining of labor shortages. Manufacturers like Dover and carrier to restaurants and hospitality industry. Now those are obviously very different jobs that there is a huge number of unfilled positions right now relative to the unemployed workforce. And I think the idea that inherits the company can just go out into the labor market and get the people that it needs is not going to be that simple, Quite frankly, and I think they're going to have to pay up..
Bloomberg Radio New York
"commissioner catherine garcia" Discussed on Bloomberg Radio New York
"Flooding in the south, record breaking heat out west, the former courtesy of Tropical Storm Claudette, who made landfall last night and has homes taking on water from Louisiana all the way over to Florida. The ladder and expected to smash records in Nevada, Arizona and New Mexico. A federal judge is agreeing with the state of Florida in a lawsuit over the CDC rules restricting the cruise industry. The judge's ruling changes the C D C requirements to recommendations for cruise goers who embark from a Florida port. A 19 year old man is in jail for an alleged shooting spree and Arizona police link the team to eight different incidents across three cities northwest of Phoenix. One dead 12 injured. At least two people are dead following a plane crash in southern Georgia. One victim is said to be a recent high school graduate, the other a middle aged man because of that crash is under investigation. I'm Bill Trapero and I'm Susanna Palmer in the Bloomberg News Room. A big week ahead in New York City politics Early voting for mayor. Another races ends tomorrow and Primary Day is Tuesday. Ahead of that, in an interesting alliance, Former Sanitation Commissioner Catherine Garcia and entrepreneur Andrew Yang agreed to campaign together today in each other's political strongholds. The team up aims to take advantage of the dynamics of the city's new election system, which allows voters to rank their choices at the expense of the front runner, Brooklyn borough president Eric Adams. You can hear coverage of the primaries Tuesday, starting at seven PM here on Bloomberg Radio. Investors are still heading for the exits at Renaissance Technologies, pulling $11 billion from the quant giant in seven months. More from Bloomberg's Charlie Pellet, according to investor documents seen by Bloomberg. Disgruntled by sub par returns, clients have now redeemed or asked to redeem more than a quarter of the capital. That Renaissance manages in hedge funds with outside money from December to February, clients polled or asked to pull about $5 billion from the funds. That was followed by about six billion more through June, according to the documents. While redemptions peaked in April, they did slow in May and June Charlie Pellet Bloomberg radio. Investors are still trying to figure out their next move following the Federal Reserve's signal this week that it may raise short term interest rates twice by late 2023. That's earlier than expected. Matt Horne back is head of global macro strategy at Morgan Stanley At the last press conference, Powell essentially paid lip service to inflation and focused a lot on the labor market. I think he did the exact opposite. Earlier this week, he paid lip service to the labor market and spent a lot of the time focusing on inflation. For the week. The S and P 500 was down 1.9%. The Dow fell. 3.5% and the NASDAQ fell 3/10 of 1% this week Global News 24 hours a day on air and on Bloomberg Quick take powered by more than 2700, journalists and analysts and more than 120 countries. I'm Susanna Palmer. This is Bloomberg. You're listening to Bloomberg Business of Sports from Bloomberg Radio. Thanks so much for joining us. I'm Jason Kelly alongside Michael Barr and Mike Lynch. Every week. At this time, we're talking to the biggest names.
Bloomberg Radio New York
"commissioner catherine garcia" Discussed on Bloomberg Radio New York
"Incident had the marijuana shop drove to the Big Five store. At the Pony Village Mall, and while he was there, he purchased additional ammunition, Fraser says. If you see the man don't confront him, call police a federal judge's agreeing with the state of Florida, then a lawsuit over the CDC rules restricting the cruise industry. The judge's ruling changes the CDC requirements to recommendations for cruise goers who embarked from a Florida port. President Biden Call's Juneteenth a day of profound weight and power, Biden says Slavery took a terrible toll and was America's original sin. Great nations don't ignore the most painful moments. They don't ignore those moments in the past. They embraced them bite and signed legislation this week designating Juneteenth June 19th as a federal holiday. I'm Bill Trapero. A man is in critical condition after a vicious gain Be done in Yonkers, New York, James Flippant has the story. Yonkers PD releasing video of the incident in which a group can be seen swarming and kicking a man who'd been stomped to the ground Police Commissioner John Mueller, calling it a despicable and outrageous assault. A male victim was In the head with a bottle and stopped on by a group of people that included known gang members. The victim is currently in the trauma ward in critical condition with a brain injury. He adds that upwards of 50 people saw what happened, asking them to come forward and do the right thing. Soccer star Cristiano Ronaldo is scoring another milestone this time off the field. Brian shook his more. The Portuguese forward became the first person ever to reach 300 million Instagram followers. Dwayne the Rock Johnson is the next closest that 246 million. Ronaldo was also the first person to reach the 200 million mark. It comes the same week Ronaldo became the all time leading scorer at European Championships rated by some agencies as the worst unemployment system and nation. Virginia's State Employment Commission is getting a lot of money to better serve residents, but Keeps getting complaints. Rebecca Hubbard has more the Virginia employment commissions. New ID requirements are causing problems for some Virginians, the easy communication manager Joyce Fog, tells CBS six news. The change started May 25 asks claimants to upload proof of their identity in an effort to prevent fraud, she admits they're rolling out the requirement and not everyone is getting notified immediately. People have 14 days to complete the needed information once they're notified, but some recipients say the benefits are being cut off before they have a chance to comply with the new procedures. The next time you see an ambulance in Florida it may not be carrying a person Governor Ron DeSantis has signed a bill into law allowing paramedics to treat and use ambulances to transport injured police canines to vets. He says. These dogs use their unique abilities to save lives and often put their own lives on the line. I'm Bill Trapero. And I'm Susanna Palmer in the Bloomberg newsroom shifting sands in the New York City mayors race, with candidates teaming up ahead of Tuesday's Democratic primary more from Bloomberg, Stoney's Pellegrini, former Sanitation commissioner Catherine Garcia and one time presidential hopeful Andrew Yang are making joint campaign stops. That's after a New York Post. Polls showed civil rights lawyer Maya Wiley Leapfrogging ahead of Garcia into second place behind Brooklyn Borough President Eric Adams. And we're now in watch for any possible movement from city Comptroller Scott Stringer, he said. Fourth place just ahead of Yang in the polls, and Stringer telling us he has no plans to make an endorsement by that could change in the coming days who I would like to see his second choice candidate. This is the first race in the city with ranked choice voting where you can vote for your top five candidates. Stringer fell behind after allegations of sexual harassment from decades ago. Denise Pellegrini Bloomberg radio. Former U. S. Treasury Secretary Lawrence Summers said the Federal Reserve signaled this week that it's keeping a close eye on the threat of inflation. When it posed the possibility of two interest rate hikes by late 2023. An optimistic view would be that because they signaled that they were on the case. That was reassuring to everybody that the accident that people feared was less likely to happen. The Fed also put a reduction in bond purchases on the table. Summers was interviewed on Bloomberg Television's Wall Street Week with David Weston. Boeing's biggest 7 37 Max model lifted off for the first time yesterday. It marks another milestone in the jet families come back from tragedy and a lengthy grounding. The jet rumbled down a runway adjacent to the rent and Washington factory where it was built and took flight at about 10 or seven A.m. local time. Max landed about 2.5 hours later at Boeing Field south of Seattle. Global news 24 hours a day on air and on Bloomberg Quick take powered by more than 2700, journalists and analysts in more than 120 countries. I'm Susanna Palmer, this is.
Democracy Now! Audio
"commissioner catherine garcia" Discussed on Democracy Now! Audio
"Behind the race also includes civil rights attorney maya wiley the former sanitation commissioner catherine garcia new york city controller. Scott stringer former nonprofit executive. Diane morales former federal housing secretary. Shaun donovan and businessman ray. Maguire the top mayoral candidates took the stage last night for final debate. This spirit exchange came when the candidates were asked about the worst idea. They've heard from their opponent. Will hear from eric adams. Ray mcguire and diane morales. But i my widely my godson who is six three six foot three feet tall black and beautiful. I've had to accompany him to core for riding his skateboard ri- black. I've had to accompany him to court for sitting in a park while black. And the worst idea i've ever heard is bringing back. Stop and frisk. The anti crime unit from eric adams which one is racist to is unconstitutional and three didn't stop any crime and four. it will not happen in a mayawati administration. You don't have to worry about danger when you have private security in your on your block. I don't never will allow stop and frisk to return an abused people. I know real solutions for real people in new york his private security. You're gonna have to buy any of that stuff eric. Adams is feeling the maya mental and let me just say that the important issue for new yorkers that everyone understands that public safety is broad complex and it means making sure. We're spending our dollars wisely and i will have a moral budget that protects all our people must be very clear for black and brown communities. Now there'd be fun. The police north stop and frisk. You don how dare you assume to speak for black and brown community that you cannot do that. All it did was started. You know what just talk the community as a whole is last voices. Diane morales taking on rey. Mcguire an excerpt from last night's new york city mayoral debate The last one before the june twenty second democratic primary though people are ready voting But that january. Twenty second voters choosing also candidates for fifty one city council seats from among hundreds of people running as well as city controller. Who's the city's chief fiscal officer and patrick watchdog on the manhattan district attorney for more. We're joined by. Ross sparkin an investigative journalists closely following the primary a columnist for the guardian and jacob and he also has a new book coming out next week titled the prince andrew cuomo corona virus and the fall of new york. Welcome to democracy now. Ross so for an audience in the rest of the country and around the world. If you can talk about the significance of the mayoral race its ups and downs and who really is vying to run this city. Sure so new. York city obviously is by far the biggest city in america. And while i wouldn't necessarily call it a trend setter you are having far more people. Vote in this municipal contest than any other municipal contests in any other city. I it's really more akin to a statewide race so there are millions of registered. Democrats probably eight hundred thousand. Democrats are going to vote next tuesday. So you're the winner will be competing in trying to win. Many different factions that are somewhat representative of the democratic party so to new york while as a reputation is very much elective center city to ease. It's much more progressive than it used to be. There still a wide array of different people who are coming to vote. It's an incredibly diverse electorate. You have lack voters. You have latino voters you have orthodox jews you have young affluent voters and educated. Voters working class voters. It really. is this tremendous mix of people. and while i wouldn't go as far to say that the winner can say something about the future of the democratic party. You can say that within new york city. There is an incredible amount of diversity even in that democratic electorate and right now there are four candidates who say who really have a shot. You know the famous one is andrew yang that former presidential candidate entrepreneur. Is eric adams brooklyn borough president. Who is a former police. Captain would be the city's second black mayor and their two women who are competing to be the first female mayor of new york city ever. And that is maya wiley. Who worked for building. Blasios is council bill. The laws of the outgoing mayor and kathryn garcia also worked as a for building laws as his sanitation commissioner. They'll all have been quite critical of the zoo. Which is very interesting. And i would say. Finally there definitely competing currents kind of with the left of the center in this race. Where you have candidates were taking on more moderate postures on policing on on crime even on economics and then you have candidates who are also hewing to the left on issues as well so you have a real competition of ideas. I wanted to ask you in terms of the the other big thing. That's happening this This time around is ranked choice voting. And i'm actually pretty worried about the counting of ranked choice voting given the fact. The new york city board of elections is notorious for botching election procedures. And now they're going to be dealing with this very complicated system of determining who the winner is. I worry this this could go on for weeks and months in terms of challenges to even figure out who one wondering your sense of to what degree voters understand. Ranked choice voting voters. I think for a long time did not have a great understanding. I do see wariness increasing lot. You're seeing interviews with voters who are now going to vote in early voting. Who say yes. I understand i. Early voted myself. And i've seen the ballot is clearer than i thought it would be which was good. I agree to the board of elections in in new york city. New york state is notoriously. Dysfunctional in patronage ridden will not know the outcome of the vote on tuesday because a new york state law mandates. The absentee ballots ballots get counted after election. This is not true. A lot of other states so this is a law. That has yet to be changed. So the absentee ballots must be counted burst. Then you enter into the rtd calculation and so he tabulation of these votes won't occur until july that is without any any kind of malfeasance. That's just the schedule. Were on right now. Post july fourth. They will tabulate all the first the second third fourth fifth place votes and then you will have a winner. It's possible on election night. You may see candidate far ahead and you could probably guess the candidate will win. It's also possible. The candidates could be bunched up where there is a lot of unpredictability and perhaps the first place finisher does not win. You see rare. Instances where the first place finisher in fact loses out to another candidate. And i wanted to ask you the battle over who's progressive candidate here. It clearly myo widely has been emerging in recent weeks as the the the standard bearer of of many of the progressives in new york city. But i know several of these people. I've known them for. I've known eric adams who personally for more than thirty years and he has been portrayed as the more conservative candidate. People forget that. When i when he was a sergeant in the in the transit police in new york city of fighting racism within the department and also fighting police abuse with an apartment. It's a lot harder to fight. Police abuse from within the department that is from outside the department. But there's no doubt he's increasingly become more conservative as years of gone on. I'm wondering among these candidates who to use who who do you see as having the momentum in recent months to a po-potentially win. Eric adams definitely has a good chance because he is putting together a very reliable coalition which is working class blacks and then bader white voters orthodox jews outburst ethnics. You know these are people who do show up to vote so if you're trying to win a mayoral race having support from the black community ease very important building block. You had the same in his twenty thirteen race. So eric adams definitely has an inside track right. Now you're right. He came up out of the lease for for movement. He still talks about police reform but he's also. Campaigning is tough on crime. Mayor certainly very aggressively against the on the lease. He's also very close to the real estate industry and supportive of landlords and not really friendly to tenant that's kind of his oster and you've andrew yang who similarly has been positioning himself as a tough on crime candidate though with fresher newer ideas but also someone who says he takes public safety very seriously it. Surely maya wiley who is now. The standard bearer sort of by default got stringer accused of sexual assault. Their candidate dan morales imploded. Wiley is not necessarily the favourite of various socialists and progressive groups but she is now the default and so there's been a coalescing around her. Afc endorsed her. So leave very interesting to see where she ends up if she can come from behind win and pull it. Blasio remember at this point. The primary eight years ago to blasio had established himself as a clear front runner right now. That's adams but adams does not have the lead at dubois. You did have in two thousand thirteen. So i i would say the race has much more volatile than it was back than and you have this front page piece in the new york times a few days ago. Saying i mean here you had my wiley. Who's gotten the endorsement of alexandra. Cortes eleven ninety nine the union And other progressives But you the front page piece was about de blasio. Even though she was his lawyer city lawyer Working behind the scenes for adams saying he would preserve his progressive legacy to strange thing. Because i would not agree with the blogs. The other eric adams's best. Physicians preserve his legacy. But the thing with politics is a lot of its personal. Eric adams and build de blasio. Go back a long time eric. Atoms i would say unlike a lot of other politicians was not known for attacking bill de blasio. When he was mayor it was not known for gratuitous criticisms of bill de blasio when he was mayor of the to always seen tabbed understanding both maya wiley and caffeine garcia worked for walls. Yo now have been quite critical of him and also you know not don't speak warmly about their time in city hall so i can imagine for two blasi himself. He is aggrieved that he gave both of them jobs and promotions and they are not grateful in any way. That's politics Unfortunately it's not always about policy and ideology. It's it can be about these kinds of relationships. So eric adams is the person build. A waku feels most personally comfortable with. He is trying to rally organized labor behind atoms. He's been pretty successful at that. And so far the races going. I would say to has way in that. Adams is the favorite and yang has lost strength but anything can happen on primary day. There's still a lot of variables. And of course you mentioned kathryn garcia who surprisingly the gotten the editorial -dorsements in the major papers including the new york times and there are some analysts who believed that dude or ranked choice voting. She may not come out at the top of the front of the pack. But through ranked choice voting. She may end up actually a winning. The primary. your your sense of catherine garcia's rule. She's definitely come on very strong. The new york times endorsement was a big surprise. originally i would have guessed. Scott stringer would have gotten. It was accused of sexual assault. So that fell by the wayside. Then i personally imagine that my widely would get it because she was positioning herself as a liberal candidate. Sort of in the in the mold of what. The new york times usually endorses. But they really went out of left. Field a bit and support catherine garcia. Who's really running at technocratic. Moderate someone who supported of charter schools. Someone who is against taxing the rich someone who is fairly supportive of the real estate industry skeptical of rent stabilization. That being said. I think unlike eric adams kathryn garcia is less alienating. To some voters you know adams and yang each have the challenge of ending up on a lot of ballots. Both of them. Now have the potential to be dropped from the ballots of a lot of highly educated. Progressives in high information voters each of them have sustained negative news cycles each of them. 'cause voters who read the new york times to recoil hathen garcia does not. She does have some potential because she's going to show up. In a lot of ballots. Injury yang himself helped. Elevate her when he said she was his number two and it's possible that will backfire him in the end because she is going to be people under twos at. We're going to have to leave it there. But i thank you so much for being with us. Ross barkan his new book the prince. I'm amy goodman with juan gonzalez stacey..