9 Burst results for "Darwin Kung"
Bloomberg Radio New York
"darwin kung" Discussed on Bloomberg Radio New York
"Going to have a pretty big bounce in consumption activity over the next few months and that's going to be a big impact on commodity markets. It's going to be a big impact on certainly growth in the region and that has implications for everything. Yes Nord Vic a really informative view there on the Atlantic dynamics and particularly his true expertise on the Euro as well. But they're in China and that seems to be a theme with a new slow folks to be honest here. And I think Lisa has been really good at trying to keep me back on the China message, but China is a domineering story away from the weather. Away from what's going on in Washington. And that it's not just COVID. It's just about the basic recovery and at least I don't hear anybody talking about the path of the recovery. There's no genuinely there's no certitude of return to 5% because there's no real belief or knowledge to pin that off of. There was a great story that I was reading this morning about the change in language from before they rip the band aid off to after. Before they were calling COVID, the devil virus, and now they say it's no worse than a flu. They talk about warning about all sorts of transportation problems and asymptomatic asymptomatic people being dangerous. And now it's okay. If you're not that sick, you're good. Don't worry about it. How much does this pass around the virus quickly enough to get herd immunity? Fast enough to move the country forward. We're going to touch on China here, but also on commodities futures up 7 right now, big economic data coming up in less than one hour. This is really important. He's hugely qualified. He is one of the most prestigious technical pairings of degrees in America, the University of Washington, along with Carnegie Mellon, Darwin Kung joins us right now ahead of commodities for all of DW S in truly focused on the Pacific Rim. Darwin, instead of me guessing, give us your singular insight on Pacific Rim recovery next year. We anticipate a very strong recovery, especially from the Chinese demand for commodities. And I would differentiate that from other type of goods. Because China, by far, we believe that the fiscal support required to get to their GDP growth goal will be significant and the number one spending we believe out of that will be infrastructure spending and support for local governments to build out more properties and recover recovery property market as well. Let's look at, let's look at this from an engineering aspect and look at somewhat to calculate. He used to drive across the Wheatstone bridge in Washington to, you know, your studies in double E and the basic idea is there's a slew rate, which is the speed of movement, is China. And by that matter, the rest of the Pacific Rim dynamic enough that we underestimate the speed of change that gets them back to normal. That's a very good point. And I do believe right now the market is still being very overshadowed by the slowdown we anticipate to see ex China developed markets in particular both the U.S. and Europe, but Chinese spending can make a significant difference. And for commodities in particular, China has always been a largest marginal buyer across all commodities. So the fact that we anticipate stronger infrastructure spending can make a significant difference in terms of growth rate for commodity demand out of China. There's a cross base metals across energy, and economy does grow as fast as government predicts that we anticipate an agriculture spending will go up in a significant way as well for China. I don't envy you, Darwin. This has been one of the most difficult years to call crude prices and certainly we have seen that reflected in the volatility. So far, we had expected oil prices to surge to a $150 on the heels of the Ukrainian conflict. We were expected oil prices to surge on a potential China reopening. Neither has happened. How? How can you explain this? So we see that oil very much is driven by near term supply demand for price so the balance between supply and demand is the most important part of oil price. The fact that OPEC plus Russia has proactively cut supply and try to manage the inventory level. We think it's very encouraging for oil price going forward for next year. At the same time, even with the even with the U.S. SPR release, at some point, then we think that's already started right now. U.S. government does have to buy back the inventory for SPR. And that's additional deferred demand into this year that we believe will help with supporting oil price. So we do see a floor into the second year. Most recent release of their forecast for demand in 2000 23 shows an exit rate of a 104 million barrels per day. That's increased from the previous estimate, a largely from improved expectation. We believe that that's actually going to really help with demand. The question now will be can the producing countries can U.S. keep up with that production towards the end of the year. So what's your view? What's your call? A platform is calling for a hundred R barrel for brands by the end of 2023. I looked our way at the
Bloomberg Radio New York
"darwin kung" Discussed on Bloomberg Radio New York
"Tom projecting Lisa. She was not the stereotype of simply a dainty queen who didn't want to get her hands dirty. And I love the images of her with her horses and her dogs, with their paws up on her, just absolutely in heaven because that's where she lived. And there'll be more tributes to the queen. No doubt in the coming 9, ten days and we'll bring some of those tributes to you. Happy to say that joining us now from Brussels is our European correspondent Maria today. And as we've said repeatedly through today, Europe's got work to do, even if a lot of it has to stop for a while. Maria talked to me about the work being done in Brussels today. Well, Jonathan, there is a meeting, which is still going on and I can tell you I've been here since 8 a.m. and this is still going now for hours. This is energy ministers. Remember this emergency meeting was called a week ago when it really did feel the energy market in Europe was about to break now the idea of the goal in this meeting of course was to stabilize the market to bring down prices. We know that European energy ministers have been talking about a cap on Russian gas, but what I hear is that insight, the room at this stage, there is no deal. There is no agreement. And in fact, I had a contact who told me if I were you, I really toned down the expectations because this is still a long road ahead. And what I understand is, essentially, the issue here is there's an active debate in terms of should you put a price gap on all gases or European countries or trade with each other or should you just do it on Russian gas that would affect countries like Germany, but it's a very small percentage, but overall strip away the jargon, what it shows is that Europe has a big problem, but they don't have a solution. Maria, you're a font of wisdom and reading in Brussels about what the experts tell the politicians to the economists agree that a price cap is efficacious. It depends who you ask. And I think also at this point, you do see a clash between the economics and the politics here. The politicians have also to deal or they worry about potentially social unrest going in the winter. They have to sell this to their populations. They have to show that the effort, the bills that they pay, they go to something. That is helping Ukraine. That is freedom. Is European values also when you talk to the different countries. They have a very different assessment. So I think at this stage, the issue is these are 27 different countries. Tom, we talk about the European energy market, but the reality is, when you know this market, you know that it's not true. There isn't a European energy market. There's 27 different countries that have 27 different energy mix. They have they use different things that you different resources to bring them all together with a solution that fits all. It's frankly very difficult. Maria to that point, the fact that there is not a European energy crisis, but a specific Germany in Italy and France crisis, is this really an energy challenge for most nations and a German energy crisis? Is that really what we're talking about? Well, it is a Germany because this is the biggest economy. It would be incredibly naive to think that the Euro area can go by with the biggest economy and export machine going into recession. Everyone here understands. And I know sometimes we talked about the revenge of the southern European countries. Well, I can tell you very well. They do not want Germany to go into a recession because this would have rippled down effects on everyone else. It would also have it on the FX. It would have it on the Euro to they don't want to see that, but let's say you made a very good point. When you look at Germany, this is a gas crisis. When you look at the French, this is a nuclear electricity crisis. That is fundamentally the issue here. You're looking at a market that is being hit from all sides by different reasons. So finding a solution that works for all it is incredibly hard and plus on top of that, you need to be able to sell it politically at home. Maria, thank you, Maria today at a Brussels. I have to say where Maria is right now in Brussels time in Belgium. The Belgians have been most upfront about some of the risks on the table here. The duration, how long does it go on for? Not just one winter, but potentially 5, perhaps even more. And also, the prospect of a sudden stop to the economy. If this whole energy crisis gets a whole lot worse, we're hearing that kind of language from the Belgians and I don't think we're hearing that elsewhere in quite the same way. The backdrop to me on this as well and it speaks to King Charles the third's effort on climate change and what the British have done there. Frankly, with prime minister Johnson's effort, I should point out as well. Is the idea of what do we do forward on energy in Europe? It was something to be in the plane and see Rotterdam to the east when you look at Rotterdam Cole in the last year at something no one, including the government of the United Kingdom expected 12 months. Did your flight go over rotter down? No, no. Did you go different? No, no. We went in. I don't even know that you're trying to work. What's he saying? Look at the window and I said, is that gap? And they said, no. You got confused. They said it was Rotterdam. No, no. I just was looking at Rotterdam because of Rotterdam Cole. And whether it's Nat gas or it's Rotterdam Kohler, Newcastle Cole, which is in Australia, not near Perth, though. But if you look at all these different stories, none of this is a year ago as a discussion. So you want to translate? I'm going to just pivot completely. I'm not going to translate. I'm not even going to get attempt to. I'm just going to take this in a little bit of slightly different direction, which is talking about the different crises. What are the different solutions? And are they market based? And I think about the fact I keep going back to this. The gasoline in the United States has fallen for 86 consecutive days. Is this because of demand destruction that will lead to lower energy prices naturally, or is this due to an artificiality by the government in terms of opening up the strategic petroleum reserve? One of our favorite guests is Darwin Kung. Portfolio manager had to come out as a DWS with terrific experience and commodities in particularly away from the usual four stories we talk about in the west. He's truly global, truly encyclopedic. What is a story doorway right now in commodities that you don't hear in the media? What is the backstory for the fourth quarter of 2022? Well, clearly, the energy part is a very big part of commodity market. And what's going on in Europe today really is a result of the fact that there's less gas available now. Russian gas is not being delivered to Europe. But we should focus more, not just in the immediate situation, but also what happens after this winter. In some ways, Europe has been very lucky this year. The drought condition from 2021 did not repeat in Asia. So there's more available liquid nitrogen gas for Europe because agent demand went down really a part of the summer. That may not repeat next year, given how drugs affect in China today. As well as the COVID-19 situation in China, actually reduced energy demand for China. And we may actually see all your demand for China actually have a year over time result. And that's actually very helpful for Europe this year. I'm not sure if that will repeat again next year. Right. Darwin did that great observation in Jennifer mentioned this in hour and a half ago or so we really don't know the winter is that it's coming in Europe. How naive are we about what cold actually does to your world?
Bloomberg Radio New York
"darwin kung" Discussed on Bloomberg Radio New York
"Price corrected much more than the global natural gas price actually going opposite direction, large part of that is driven by the recent fire and three core that caused the export to slow down. And we do think once the export blockage over two reverse was going to see export pick up again and then probably energy price, especially natural gas price will pick up again as well Darwin is taking on the crude story on the oil, not the gas. I'm wondering what the floor and what the ceiling is for your expectations at this point, given that just a few months ago, you saw the potential for a 150 $185 barrel in Brent. And now we're seeing recession concerns overwhelm some of the demand issues and really cause declines. That's a very good question. Our earlier assumption really comes from the unknown from how much would the Russian oil be off market? I think at beginning of March, there has really been very little clarity about how deep the central could go and how much impact there are in terms of just ability for replacement for the oil. But we have found since then and I think the market recognized that is the exports from Russia has been disrupted, but not to the large degree that couldn't happen. And then even though Europe is about to impose more, hasn't started yet. So Europe is still buying oil from Russia. That replacement of demand from Asia has been very palpable and was increased by both India and China. They can take up what Europe doesn't buy. So we're seeing less supply disruption than earlier expected. So that's why the price has declined. What's your outlook for China and how much does that play into the price? Because they've been locked down and I know that's also stopped a lot of the driving demand. China has an interesting story because in terms of the crude purchase, they actually haven't declined very much. So the country is still importing crude. Even though the demand part is impacted directly because of the traffic constraint. We are seeing China releasing some of the products of gasoline diesel allowed that to export out of China. Recently, still very limited by allowing that to occur. So we may see some more inventory freedom from China. Chinese store is a very interesting because it is a policy issue for China in terms of the COVID constraints. So near term, we see the same concern. I'm COVID, but once that were to change, anticipate in very large spending package, we just saw one recently with the recent large loan program that's worth about 220 billion U.S. dollars. If that were to kick in, welcome to see sharp reversal of demand from China. Darwin, thanks so much for joining us, Darwin Kung there. Portfolio manager and head of commodities over at DWS group. Of course, this plays into the entire narrative here in the U.S. as well because even if the core slowed down, it's gas prices that voters pay attention to, right? And although we know that the fed is a completely independent body and not at all impacted by political concerns. They still have to pay attention to gas prices. Prices at the pump. So I'm not going to necessarily address the innuendo about the politicization of the fed. I think that that's a larger discussion and one for people who are far above my pay grade. I do think, though, expectations are key. And the idea of entrenched inflation expectations has the fed and many others very concerned. And that has been clear, and that is driven in part by the headline figures that we deal with every day. In particular, having to do with the gas stations. All right, we're going to continue to watch this. Lisa brahm, what's in for Paul Sweeney? We're going to get down now to Washington, D.C.
Bloomberg Radio New York
"darwin kung" Discussed on Bloomberg Radio New York
"Of the big reasons why the price of gas is so high in the United States is that refinery margins the profits that refineries are charging have hit historic levels We need industry and the government to work together here to try to get more supply on the market Brian deese of The White House director of national economic council there talking up a gallon of gas which is truly front And center we're doing more data checks We've got a little bit of a lift and a tape that was ugly ugly over the last 45 minutes futures were negative 95 They're now negative 85 a little better tape to fix up 5 big figures $32.61 still ascendant Euro dollar one O four ¥57 doesn't get to one 35 one 34 38 week currencies against a stronger dollar Brent crude one 20 .42 is Ryan deese is talking about a gallon of gas as an entire another story and hydrocarbons Darwin Kung joins us now had a commodities DWS and we're just thrilled he could join us here on what I've ignored and I've been remiss on this doorway which is natural gas No one talks about the price of a gallon of natural gas do they Much less known but outside of you as I'm sure people are very concerned about high price of natural gas U.S. natural gas has gone up multiple times of the price since beginning of the year And the strong demand coupled with limited production growth and now more robust export demand has driven up U.S. price as well You are so good at the fundamentals of all of this and the underlying fundamentals of export import pressure of hydrocarbons in the United States describe right now who's going to win the battle Do we export more do we keep it instead of exporting it Do we start to import hydrocarbons again At this point in a near term we are fairly maxed out on export capacity and that won't change Until we anticipate 2024 and beyond And there are scheduled projects to come online to convert our natural gas into liquid form that can be exported Our export capacity to Mexico via pipelines fairly maxed out and we always have some important export between Canada and U.S. to deliver gas from places that's less accessible in each country But most of those pipelines are at maximum capacity in the near term one are going to see a significant dynamic change Given how low U.S. price still is compared to the global price where less than about between a half to a third of global price the pressure will be there for UX to export more one step pipeline I'm sorry once that capacity to export liquid natural gas increases In the near term From natural gas to crude gas refined goods gasoline and diesel the fact that we're seeing such incredible lifts in gasoline prices really basically regardless of what happens in the crude market At what point do prices fall enough for it to actually matter for refined goods given the lack of refineries Well that's a great question I think in the near term we still see strong drawls from gasoline inventory up to this point we should have been seeing seasonal build in gasoline inventory as refiners prepare for summer And we've seen just opposite So that natural demand draw will continue I think that the solution to a gasoline high gasoline price really comes from demand reduction We have to see a significant reduction to allow for the price to fall We still see quite a bit of pinned up driving demand and that's driving the casting price right now So how long we're at what level will that demand destruction really start to kick in How far away are we from that We are anticipating a year from now we'll probably see less of that recovery demand from COVID-19 ex China and that should help with the price next summer unfortunately for this summer we probably won't see that realize Well you mentioned China obviously COVID zero still an overhang in that economy You're still seeing large parts of it dealing with restrictions to contain the virus Shanghai just one example If and when China opens back up what does that do to this entire supply and demand dynamic globally Well that's a great question The timing is very important We do anticipate the additional stimulus program that's well announced ahead of time both fiscal and monetary to help with demand growth in China However it's very difficult to tell exactly when that's going to take place Even recently we've seen additional lockdown efforts again from Shanghai just because of the zero policy zero COVID-19 infection policy still eating effect without that being a resolve We don't see the demand coming back up We do hope though in the next 12 months as the demand go down we anticipate the minute go down extra because of the all the interest rate moves U.S. has made and other countries are like to follow We are hoping that the demand from China will help balance that downward movement and keep the price stabilized in the near term Doorway Citigroup put out a report overnight where they were talking about how the amount of GDP destruction from where gas prices were oil prices are right now is really reminiscent of what we saw in the 1970s Do you think that that oil shock analogy is the right one It's similar We do see both in both situations We see a rising oil prices And we've seen artificial constraints on supply Which will result in as we have seen before eventually while going to see demand destruction Whether we see a significant destruction that leads to a significant economic downturn or a more moderate soft landing scenario that will determine the outcome of all your price going forward Now we thank you so much Sorry come with us today with DWS here on commodities We'll get them back here soon particularly on the commodity dynamics of China I can finally report this morning there is a pause in the plunge the tape is simply better even Bitcoin moving out of a 23,000 level back up above 24,000 but Lisa it's a first time I've got a correlated lift off the bottom and the deterioration we've seen through the morning And it's not a retracement to be very clear This is simply a lift It is simply a bottom It is simply a feeling that it perhaps it's not going to keep plunging It's setting us up for the first bear market that we've really seen And this is the S&P down 20% That is what we're poised for The NASDAQ down much more At what point do you get capitulation That is the issue And that's why I think it's good that you're looking at the vix How much does that signal an expectation of volatility Yeah the expectation here is a 32.49 and one of the important insights this morning was a number of gas really looking at 40 level on vix is being catharsis and we really don't see that right now Futures were negative 96 This is S&P futures I should point out That's an odd number negative 96 Now negative 81 So an improvement in the tape Dow futures were negative 600 ish negative 5 12 there as well And the vix doesn't come in all that much Maybe we'll see that in the next 20 minutes as well The ten year yield get used to it three point two 5 percent Dollar strength and Brent crude we do.
Bloomberg Radio New York
"darwin kung" Discussed on Bloomberg Radio New York
"The Russian invasion of Ukraine 7 civilians are dead after attempting to flee the key region in Ukraine the defense ministry reports Russian forces shot at a column of women and children who are trying to evacuate on Friday The victims included a woman and child At first the ministry said the victims were shot along a previously agreed green corridor however after an update the route had not been agreed upon as a green corridor Russian forces continued their deadly assault on the Ukrainian port city of Mary pole correspondent Molly hunter says the main stipulations of the ceasefire in the city have failed to be upheld According to the mayor 10,000 people have already died in the incessant constant Russian bombardment That number is likely much higher Officials at Chernobyl say the staff has been living at the plant since Russia's March 9th attack the International Atomic Energy Agency reports that power plants reactors are now dependent on diesel generators This has been a special report the Russian invasion of Ukraine I'm Chris And I'm Susanna Palmer in the Bloomberg newsroom No trading for the Russian stock exchange until at least the end of next week The bank of Russia extended a halt to stock trading on the Moscow exchange through at least march 18th The exchange has been closed since February 25th in one of the longest ever shutdowns for a market of the size of Russia's Fertilizer prices continue to surge this as supply upheaval from Russia leaves governments struggling to secure vital crop nutrients We get the story on that from Bloomberg's Charlie pellet It adds to concerns that record global food inflation will accelerate The green markets North American fertilizer index was up 16% Friday to a record prices for the widely used nutrient urea in New Orleans sword 22% also reaching a record and an index for potash in Brazil rocketed a record 34% Russia is a huge low cost exporter of every major kind of crop nutrient Charlie Bloomberg radio Commodities are soaring as we've been saying And oil of course is among them Darwin Kung is portfolio manager and head of commodities at DWS investment management We do see the commodity oil price to be one 30 should the Russian barrels be displaced and not able to come back The latest report we've seen has about 10% of the Russian production about 700,000 barrels that's been rejected not being delivered in the current a month I'm exclude was last quoted at one O 9 33 a barrel The boys of summer are back but what about the girls of summer The Major League Baseball lockout had barely ended Thursday when mayor Eric Adams brought up equality in the sport The mayor applauded the end of the labor dispute before making a public pitch for women to play in the majors 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 Suzanne Palmer This is Bloomberg.
Bloomberg Radio New York
"darwin kung" Discussed on Bloomberg Radio New York
"Michael kassner And I'm Susanna Palmer in the Bloomberg newsroom No trading for the Russian stock exchange until at least the end of next week The bank of Russia extended a halt to stock trading on the Moscow exchange through at least march 18th The exchange has been closed since February 25th in one of the longest ever shutdowns for a market of the size of Russia's Fertilizer prices continue to surge this as supply upheaval from Russia leaves governments struggling to secure vital crop nutrients We get the story on that from Bloomberg's Charlie pellet It adds to concerns that record global food inflation will accelerate The green markets North American fertilizer index was up 16% Friday to a record prices for the widely used nutrient urea in New Orleans sword 22% also reaching a record and an index for potash in Brazil rocketed a record 34% Russia is a huge low cost exporter of every major kind of crop nutrient Charlie pallett Bloomberg radio Commodities are soaring as we've been saying And oil of course is among them Darwin Kung is portfolio manager and head of commodities at DWS investment management We do see the commodity oil price to be one 30 should the Russian barrels be displaced and not able to come back The latest report we've seen has about 10% of the Russian production about 700,000 barrels that's been rejected not been delivered in the current a month My next crude was last quoted at one O 9 33 a barrel The boys of summer are back but what about the girls of summer The Major League Baseball lockout had barely ended Thursday when mayor Eric Adams brought up equality in the sport The mayor applauded the end of the labor dispute before making a public pitch for women to play in the majors 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 Suzanne Palmer This is Bloomberg Your listening to balance and power with David Westin on Bloomberg radio China could play a key role in resolving the crisis in Ukraine if it.
Bloomberg Radio New York
"darwin kung" Discussed on Bloomberg Radio New York
"We solve we do Broadcasting 24 hours a day At Bloomberg dot com and the Bloomberg business app this is Bloomberg radio Now a global news update The possibility of Russia using chemical and biological weapons against Ukraine is drawing serious concerns U.S. ambassador to the UN Linda Thomas Greenfield made those remarks Thursday She went after Russia for its tactics during the war with Ukraine Russia has attacked homes schools and hospitals Cities across Poland are reporting their at capacity as Ukrainian refugees continue to pour in the mayor of Poland's second largest city Kraków is now asking for help to move refugees to less populous areas of the country A late winter snowstorm is already to blame for a dozen injuries in Illinois WAND news reports 12 people were hospitalized with minor injuries on Friday after a bus overturned because of snowy conditions on interstate 55 in sangamon county This comes as 65 million Americans are under a winter advisory this weekend The parents of Gabby petito are seeking justice for their late daughter by suing the parents of her fiance and killer Brian laundrie Reports say the petito family claims Chris and Roberta laundrie knew their son murdered Gabby and were trying to help him leave the country The suit filed by petito's parents is Brian used Gabby's phone to send her family text messages to make it seem like she was still alive three days after she was murdered Petit's family says they suffered emotional distress and are asking for an unknown amount in damages I'm Lisa Taylor Joe buck is reportedly leaving Fox for ESPN The New York Post is reporting buck will join his longtime broadcast partner Troy Aikman in the booth at ESPN for Monday Night Football leaving Fox after almost 30 years Fox is reportedly letting him out of the last year of his contract as a gesture for his longtime tenure with the company with ESPN expected to give him a 5 year deal worth up to $75 million Buck has called NFL games with Aikman since 2002 and will also no longer call the World Series I'm Brian schuch Hundreds of Delta pilots skipped flying planes Thursday morning to protest their grueling flight schedule more from Liz Kennedy The pilots dressed in their uniforms stood side by side holding signs picketing in protest because they say Delta Air Lines is forcing them to fly long strenuous trips too often causing fatigue One of many photos on Twitter shows a pilot holding a sign that says quote if I look tired it's because I am The pilot stood outside the south terminal departure level at Atlanta hartsville Jackson international airport delta and the pilots are currently negotiating a new contract Former president Trump will return to South Carolina Saturday night for a rally Republican governor Henry McMaster is scheduled as a guest speaker the event will be held at the Florence regional airport 6 guest speakers will start addressing the crowd at 4 p.m. before Trump speaks at 7 Scientists say an invasive species of spider the size of the palm of your hand is expected to colonize the entire east coast Mike Bauer reports back Yeah if you're afraid of spiders it's pretty much the stuff that horror movies are made of Researchers at the university of Georgia are saying that an invasive species of spider the size of the palm of your hand is expected to colonize the entire east coast this spring by parachuting down from the sky The large joro spiders millions of them are expected to begin ballooning up and down the east coast as early as May and although they are harmless to humans as their fangs are too small to break human skin researchers say it's a timid creature and a known eater of mosquitos and other pests I'm Mike Bauer Historians are excited about a new scientific analysis of timbers found on a wrecked ship in Cape Cod waters and international study has confirmed the surviving timbers belong to a vessel known as the sparrowhawk that wrecked in 1626 I'm Brian shook And I'm Charlie pellet At Bloomberg world headquarters Another down week for the U.S. stock market equities extended losses in late day trading as risk sentiment deteriorated after Ukraine's top diplomat said he did not see progress in talks with Russia David Katz's chief investment officer at matrix asset advisers and he says given the selling we've seen you've got to have a long-term perspective We think there's some great buying opportunities being presented There's an enormous likelihood that weak and a month later you're going to feel stupid The stocks will be lower but 9 and 12 months later these will have been great buys and you're likely going to be making a lot of money David Katz of matrix Wall Street is looking ahead to next week's fed meeting Lauren Goodwin is multi asset portfolio strategist at New York Life Insurance I expect that we'll see 25 basis points out of the fed on Wednesday And for the next two meetings after that as well as the fed tries to get ahead of or really come from behind on this inflation challenge Lauren Goodwin of New York life oil has had a turbulent ride given the Russian crew that has come off the market Darwin Kung is portfolio manager and head of commodities at DWS investment management The big question now is what's the replacement possible for such disruption And is it disruption limited to just what we see now or could it get more extensive as the conflict continued to go on and the impact of the sanction continue to grow in the industry Doorway Kung of DWS West Texas enemy that crude end of the week just over $109 a barrel S&P fell 55 points today down 1.3% the Dow was down 230 down 7 tenths NASDAQ down 2.2% 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 Powell at this is Bloomberg.
Bloomberg Radio New York
"darwin kung" Discussed on Bloomberg Radio New York
"National park officials are unveiling a century old makeup case found in Arizona's petrified national forest The officials believe the case belonged to a member of either the howl family or the Olsen family who each owned the homestead over the past 100 plus years The case was rusted shut when first found but museum staff pried it open to reveal dried up cosmetics The National Park Service said such fines help tell the story of the women who've lived near the petrified forest I'm Brian chuck And I'm Charlie pellet Aunt Bloomberg world headquarters Another down week for the U.S. stock market equities extended losses in late day trading as risk sentiment deteriorated after Ukraine's top diplomat said he did not see progress in talks with Russia David Katz's chief investment officer at matrix asset advisers and he says given the selling we've seen you've got to have a long-term perspective We think there's some great buying opportunities being presented There's an enormous likelihood that weak and a month later you're going to feel stupid The stocks will be lower but 9 and 12 months later these will have been great buys and you're likely going to be making a lot of money David Katz of matrix Wall Street is looking ahead to next week's fed meeting Lauren Goodwin is multi asset portfolio strategist at New York Life Insurance I expect that we'll see 25 basis points out of the fed on Wednesday And for the next two meetings after that as well as the fed's tries to get ahead of or really come from behind on this inflation challenge Lauren Goodwin of New York life oil has had a turbulent ride given the Russian crew that has come off the market Darwin Kung is portfolio manager and head of commodities at DWS investment management The big question now is what's the replacement possible for such disruption And is it disruption limited to just what we see now or could it get more extensive as the conflict continued to go on and the impact of the sanction continue to grow in the industry Doorway Kung of DWS West Texas enemy accrued end of the week just over $109 a barrel S&P fell 55 points today down 1.3% the Dow was down 230 down 7 tenths NASDAQ down 2.2% 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 Powell at this is Bloomberg This is Bloomberg best Bloomberg radio is everywhere Bloomberg's really one of the places that's reporting facts Always accurate and precise your communication capabilities are wonderful for our business I'm Ed Baxter And I'm to these Pellegrini on this weekend edition of Bloomberg best Crude oil prices could go higher from here Even at these price levels we aren't seeing any kind of significant slowdown in demand The London metal exchange on the back foot We fully understand station around the decision to suspend trading and the need to cancel the trades which had happened early in the morning on Tuesday And Bill gross on the bond market It's just a difficult market You try and anticipate the central banks which has been relatively easy in the past few years because they haven't done.
All Things Considered
MTA Allows Some Bus Windows to Open, Still Evaluating Subway Car Windows
"Increase ventilation on New York City's bosses, the empty is allowing drivers to open windows and the roof hatch is but w m. I see Steven Nessen reports it can't be done on old buses or trains. Only local buses have windows that can open the express bus is do have roof hatches, but if they're open, there's not enough clearance and tunnels. They have to stay closed. The MP says it's still evaluating whether subway windows should open. Darwin Kung is a health policy analyst at the Tri State Transportation campaign. He's concerned about underground air quality's amazing in circulation, and we can all feel it. Isn't a vigorous as an outdoor environment right? You can feel a hot system gets another drag. The head of Transit says some writers will feel more comfortable on buses, some on subways. It's up to them.