19 Burst results for "David Mclaughlin"

"david mclaughlin" Discussed on Ubuntu Podcast

Ubuntu Podcast

05:03 min | 2 months ago

"david mclaughlin" Discussed on Ubuntu Podcast

"But it's also it's not uncommon if you ask students about mood offense go oh because their experience of of how. It was used in laurie. Experience isn't always the best because it has to you. You need engaged teachers. Who know what they're doing with dates to create a good experience for students. It's not just given the software they look. It requires someone like you to create that learning experiences that we are saying. I am not learning technologists. I have a web developer. We have we have a whole other department of people to deal with that. And they're much better than i would ever be fair enough. David mclaughlin emailed us. I was prompted to drop your line after hearing your recent episode. Descending you're generally positive experience with a lenovo tablets just like you a combination of failing older person's eyes and the current pandemic prompted to get a budget lenovo tablet to replace my phone about the house. I got the no vote. Smart tab m eight and quickly experienced to folks that really going. My way of enjoying the tablet experience i eight music or other streaming audio cuts out when the screen turns off and there's also no options default keyboard other than google's. I've been in touch support multiple times but the answer is always been the same. The novo taking ownership of the issue and telling me to contact spotify or indeed google for support these issues. It's absolutely baffling to that. The novo are disowning their own custom rom and claiming no responsibility for how it works on their tablets. This is support on land. Tablets all vendors including google themselves. I have tablets from google and tried to get technical support from them and it is like pulling teeth old getting blood from a stone unfortunately once these things are cranks out. That's a deal you're on your own. I rarely find any tablet other than an ipad that gets any decent technical support. All i had an issue as a mild complain. But with the p ten it comes bundled with net flicks. And it's a ten eighty p tablet but it will own the display net of five forty p who because it hasn't got the appropriate like drm's vacation in the pre installed version of net flex. And just like david points out. There was like silence was the stone reply. Not just to me but to everybody on the internet on that particular issue meanwhile gareth witty and andrew forty bodyman emailed us with the same tip..

David mclaughlin ipad gareth witty spotify lenovo david google andrew forty bodyman i eight eighty p ten tab eight five novo p forty net flex
Facebook moves to dismiss federal, state antitrust suits

BTV Simulcast

02:18 min | 5 months ago

Facebook moves to dismiss federal, state antitrust suits

"Meantime, Facebook has filed a formal motion to a federal judge to dismiss in antitrust lawsuit. By the FTC, the social network, saying the government is attempting a do over trying to unwind acquisition that got approval years ago. Joining us now for more. Bloomberg's David McLaughlin, who's following the case, David what's Facebook's argument here? Could they actually get this suit thrown out? Well, certainly that's what they're trying to do. So they're trying to knock out of court this very early stage. The case was filed in December. Uhm this is their first formal response to the government. Lawsuit. They make a lot of arguments. But one of the key things that they say is that They said the government's trying to do it do over. They reviewed both of these deals. The Instagram What's up deals? They investigated them years ago, and now they're trying to come back and, um, unwind them. Facebook lists a bunch of services that they compete with Tic Tac Twitter snap linked in saying that the government is ignoring the realities of the competition. That they face what happens next. Now that Facebook has made this move. Right. So the FTC the state to that, dude, what will respond to this and then ultimately will be. We'll go to the judge. There could be, um An argument before the judge. Um and It's certainly possible that it gets dismissed. I think that's probably unlikely, but we'll see. Um and on the on the competitors. I think one of the other key issue here will be well. What is this market? Who are Facebook's real competitors? Is there really a social media market that Just Facebook or their many other players. That's going to be a key issue and in the case Doesn't Facebook have other suits to worry about? Well, the main one really night. Now is this ftp case and the state cases? They're both, um, sort of running in parallel. Um, I think the fact that there are two cases gives the government in other states and the federal government to attempts at undoing these

Facebook David Mclaughlin FTC Government UHM Bloomberg David Twitter Federal Government
"david mclaughlin" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

07:42 min | 2 years ago

"david mclaughlin" Discussed on Bloomberg Radio New York

"Cisco and this is technology coming up in the next hour. Washington has turned the anteks lights on big tack, but big tech is aren't ready with millions lobbying and legal teams already in place. Plus, the Trump administration reveals new possible time tales for tariffs against China and Mexico. What could slow down a trade war? If you're being inundated with robo calls, every day, help, maybe on the way thanks to a new initiative from the FCC scammers, and bogus. Collars, still find a way to get. I to our top story. Big tech started mounting defense against US anti-trust. Courtney long before the department of Justice in Federal Trade Commission, divided oversight of the biggest tech companies, the big four have been spending big on lobbying and have continued to staff their in house legal teams with numerous antitrust lawyer, who served in the government in the first quarter of this year, alone, Amazon Facebook, and Google bene-, combined eleven million dollars on lobbying to discuss in New York, Bloomberg BusinessWeek smacks. Chaff can and in Washington. Our Bloomberg antitrust reporter David mcglaughlin. So David is there a sense that these companies foresaw what could happen here possibly giving? What was happening in Europe and started to prepare years ago? Well, you definitely get the sense talking to people close to the companies down here in Washington outside lawyers in their policy shops that something like this was almost inevitable. I mean, there sort of what was sort of a feeling that some of these companies where resigned to some action than one form or another. And so you had some of the companies pointing at one another about who is most at risk for an investigation. So I think a lot of that just comes down to the fact that this is so much in the atmosphere here in Washington. There's been so much criticism of the companies both on Capitol Hill among any trust lawyers economists you can go to conferences almost once a week. It seems now this is a subject that's being talked about. The companies themselves officially saying I mean we're getting dribbles from outside counsel from sometime sources within the company. But do we have an official party line know officially, I think these companies are very conscious of the of the ways in which they've kind of let people down, and we've seen that messaging come out of Facebook and Google most clearly where where, you know, you have lots of talk of sort of responsibility, and, and we need to sort of a renewed focus on our roll site just to build on what David was saying. You know, a couple of years ago when we saw Mark Zuckerberg going around the country on this sort of weird photo tore where he was posing with farmers. Everybody's kind of scratching their heads saying what is he doing? And I think in retrospect, it's pretty clear. He was preparing for this coming storm. And I think when you look back and think about Tim cook stepping out over the last few years. And becoming more of a voice a lot of these tech leaders. Years ago, started to realize that this was coming and started preparing and started working sort of the public relations levers. Interestingly, there was speculation about Zakar running for president back during that tour which now seems a lifetime ago. David talk about the people that are joining these legal teams, who are they're coming from the DOJ, former DOJ, folks and elsewhere within the government. Yes. So many of these companies have hired over the last few years. Well before this week's news, a number of anti-trust lawyers who worked at the FTC and the Justice department. And these are people who have experienced in conducting investigations into the conduct as well as mergers. And they also have very large public relations and policy shops here, where they conduct their lobbying on Capitol Hill. And then in addition to that, they all have very prominent law firms armies of lawyers, who would be ready to go to work if this thing if this scrutiny turns into a real investigations in addition to industry trade groups, now max. The idea that we seem to be getting from sources who are talking about the company's position here is that these companies will try to make the case that they are actually better for competition than not that they support small businesses that they support competition between small businesses. Do you think Washington is going to buy that argument? So it's hard to say I mean, it depends on how you look at. It is a hundred percent true that, you know, online advertising has created opportunities for smaller businesses and the other thing that's hard about this from an antitrust perspective is, you know, antitrust laws, mostly focused on consumer harm all of these companies will sorry, Facebook and Google or offering services for free. Amazon, of course, is all about low prices. It's, it's sort of hard to see how you make an arguments raising prices now the one the issue vulnerability for these companies is they all depend on these big dominant networks. So if you want to buy a search advertisement there. There's only one company Google that will sell you search pretty much. I mean there's some smaller players, but the amount of marchers tiny if you wanna be in social media, there is one company, if you have an app, you know, there are two options, apple and Google. So, so the fact that they have these dominant platforms is going to be, I would, I would predict the focus of any antitrust sort of criticism or inquiry on that note. David is there any sense in Washington of how Google Facebook, apple Amazon have handled the coming threat of transfiguration differently are do how much are they spending in terms of differently in terms of lobbying efforts, how are their strategies differing when it terms of getting the ears of lawmakers? Well, in that chart that you showed their lobbying has increased significantly. That's certainly the case for for Amazon. A Bloomberg reported earlier this year just the. The numerous agencies where Amazon is going and talking to regulators. I mean it's really all over this city, so I think that's a lot different than back twenty years ago when Microsoft was under the microscope. You know, Microsoft essentially had no presence here in Washington. That's, that's a long story where Bill Gates didn't think too much about about this town. Then I think these companies have have learned from that and you see that in the in the spending, they're doing in the in the polish shops. They have here in Washington. All right. David McLaughlin, for us in Washington, max chaska in New York. Obviously, we're going to continue follow all these lines as they cross. Well to companies that recently went public reported earnings results Thursday, their shares of surge since trading posting a sales forecast for the first full year that beat analysts estimates is beyond me. The company also said earnings would break even in two thousand nineteen while analysts estimated that the company would post a loss. Meantime, zoom video also issued a yearly forecast that topped estimates sales in the last quarter total of one hundred twenty two million dollars coming up.

Washington Google Amazon Facebook David Bloomberg New York FCC David McLaughlin Cisco Europe US Mark Zuckerberg David mcglaughlin Tim cook Microsoft Bloomberg BusinessWeek China
"david mclaughlin" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:45 min | 2 years ago

"david mclaughlin" Discussed on Bloomberg Radio New York

"Flash. Charlie, thank you. We are live from the Bloomberg interactive brokers studio and Google. Parents alphabet and Facebook tumbled as the companies appear set to undergo US antitrust probes after the US, Justice department and the Federal Trade Commission agreed to split up oversight of the technology giants. For more on this we're joined now by David McLaughlin, Bloomberg news, legal reporter and David what brought this about. Well recently in the last week or so ago there was an agreement reached between the top officials at the Federal Trade Commission and the Justice department with which both enforce antitrust laws in the United States. There was an agreement between them to sort of essentially divide jurisdiction over these big technology names, that would that came about just very recently. And so what we've are learning is that the Justice department will look into Google's conduct, and they're planning to open an investigation. And meanwhile over at the FTC, they will get Amazon and. In Facebook, and do we know what led to this has it been the pressure from democratic presidential candidates, and others? Some some Republicans or has it been the fact that the EU has been going after these companies and investigating and the US has not. So you're right. There's been a lot of action in the U while in the US essentially since two thousand thirteen when the FTC last investigated Google here in the US. It's been essentially, no action at all against these companies and both agencies. The Justice department and the FTC have come under a lot of criticism. For that, both on Capitol Hill by Democrats, and Republicans and by plenty of economists, and lawyers here in Washington and elsewhere who think that the essentially they've been much too lax when it comes to these companies, the big digital platforms like Google, Amazon Facebook. In particular. And that more needs to be done to, to, to scrutinize them. Especially when you know you see the EU has levied multiple fines against Google salsa looking at Amazon. So this all this action all over the world, there's a criticism on Capitol Hill. And I think that just created environment where the agencies had do something doesn't the timing Alban shore, though, that this is just going to become a bigger and bigger presidential campaign issue, because the candidates can point to these investigations going on. And we've seen that. I mean, Elizabeth Warren has been very aggressive in coming out with criticism of these companies, she's proposed the plan to, to, to break up the, the tech platforms because, you know, essentially what she says, is that there's this conflict in that, though, there are many. Companies who depend on the platforms of that the companies themselves compete with and, and so she wants to separate those businesses. She's been the most outspoken. But I think you're right as the campaign goes on this, this could become issue. I mean, these are these are huge companies household names who they create products that we that we know and love. And yet, at the same time, there's more and more evidence that's been collected that seems to indicate that companies today are much more dominant have have the sort of market power that, that is harming other other conditions in the economy. And so, I think this sort of like this wider economic discussion that's going on as well. So would there have to be a change in the way antitrust is approached here because usually it's looked at as the harm or the welfare of the consumer and in this case. You have Amazon saying, that prices are better for consumers things are cheaper in Google saying, well, we don't even charge consumers anything. That's true. I think that's potentially a challenge. The plenty of people would say, look like the laws right now are perfectly capable of looking at the, the conduct of these companies. So, for example, it's with Amazon while they wanted one of the complaints, is they discriminate against, you know, this is a course disputed by the company, but critics will say that, you know, Amazon discriminating discriminates against third party sellers on the platform this, I need that the platform to, to sell to, to, to consumers, and so people who wanna see more aggressive action would say, look, that's a harm because consumer choices being is being reduced. I mean, that's, and that's that was one of the earlier criticisms about Google in terms of their control over, I mean, in the us a concern their control over shopping services and. So even though the anti trust law generally looks at prices. There's there are also other issues to look at it in terms of quality of products and innovation. There's more concerned about privacy now. So but you're right. Some people think that law does Doug needs to be changed, because even if you wanna take a very expansive view of antitrust enforcement there's this issue, very this is challenge of convincing courts tend to be more conservative of ruling in favor of the agencies, if they decided to bring a case, and, and some people see that it's like, really the bigger challenge very quickly. President Trump is weighed in on the political skew that he perceives with some of these social network sites. Does that enter into this at all? Well, we don't we don't actually know what the Justice department so that, that, that's a complaint about Twitter and Google that he's raised a we don't know what the Justice department is looking at, but that does go to at its heart sort of Google's control over content. What we see. Thanks to David McLaughlin. Bloomberg news legal reporter, it's a story,.

Google Amazon Justice department US Federal Trade Commission David McLaughlin Facebook Bloomberg EU reporter Bloomberg interactive brokers Charlie Elizabeth Warren Washington President Trump Twitter
"david mclaughlin" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:39 min | 2 years ago

"david mclaughlin" Discussed on Bloomberg Radio New York

"A Bloomberg business flash. Thank you, Charlie. We are live from the Bloomberg interactive brokers studio. And this could be a high bar to me, but top Justice department. Officials want t mobile US and sprint to lay the groundwork for a new wireless, competitor as a condition to clearing their twenty six and a half billion dollar merger. That's according to a person familiar with the matter for more on this we're joined now by David McLaughlin, Bloomberg news, legal reporter and David, I can't even envision. How does this work? Well, it would be very difficult thing to, to pull off. I think for the companies, because right now, they're really just four national wireless carriers sprint t mobile Verizon, AT and T is not sort of like an obvious company that can can come in and easily set up a brand new wireless network is very capital intensive. So it's not clear how the companies can do this might be a way. They're already selling the one of the prepaid brands of these companies have boost mobile. Maybe there's a way to sell some, some spectrum and over time if you have another company come in such as a cable company cable companies have been interested in this market a bit. And, and get a fourth competitor in the market, but it will not be the David it just seems counter and. Intuitive T mobile and sprint want to merge to bring four companies down to three and the Justice department is saying, no, we want four companies so why merge then? Well, the companies want to merge, because they say that together, they can when they're bigger they can compete better with eighteen Verizon which are the industry leaders in in the market. They say that together they can roll out five g service, which is the next generation of wireless technology. They can do that faster. By combining both of their, their networks. And but the Justice department, of course, is concerned that, that sprint and T mobile are compete directly against one another their competition is pretty fierce. And so the fear is that if one of the companies goes away, then prices are going to are going to go up, and that's been the criticism. From lawmakers and outside groups for for, for a long time, basically, for the last year, since this was announced that this is an anti competitive deal that will just leave three basically giant companies that together will raise prices on on consumers. So that's what DOJ's fears about, you know, on the other hand, DOJ might be attracted to this idea like the FCC was that together the companies can provide five G, which is very much a priority of this administration, not just for the tech industry. But just in general, is there any precedent for this sort of thing where we're companies that want to merge told evil, you have to, you know, create a whole new competitor? Well, thirteen for when companies are merging to have to sell assets and businesses where they sort of where they overlap. So that's like a, a common a common thing when companies gonna trouble as when there isn't an easy way to fix a merger in that way by selling off a business, which is the case here. So in plenty of employees of mergers. They'll sell if two companies just compete in one small business. But there's, you know all these other businesses where they don't compete, then that's an easy fix here where you're just selling wireless service. There are only four carriers. It's a lot harder to fix does not sort of like many other carriers in the market where you could sell assets to. And that's the challenge for, for the companies. Here. So if the Justice department doesn't reach an agreement with T mobile and sprint, it will still have to go to court right to, to make sure that the merger does not go through, and then they'll be faced with the fact that the FTC did approve it FCC FCC approved it. Yeah. I mean, this would be that'd be one of the challenges for the Justice department. So the Justice department can't sort of, on its own, stop the deal. They have to go to court and an and persuaded judge that it's an illegal merger that, that harms competition and the Justice department generally had had a good track record doing that. They'd stopped a number of deals in the Obama administration. This Justice department had a big loss. Recently when they tried to stop AT and T from buying Time Warner. And here, the challenge, you're right, would be that the companies are certainly going to argue that their, their main regulator. The FCC has has approved this deal and didn't didn't see a problem. The Justice department on the other hand is would have to argue that the FCC relies on a different standard, while the Justice department is mostly focused on earth, primary is only focused on on competition. Then the other risk for the companies is that the state attorneys general, their whole bunch of them that are investigating the steel and it separately raised their own concern. So even if DOJ ultimately clears this companies need to convince the, the, the states that the steals good for them. I think that's another challenge for companies. What are the chances or what's the threat that this condition that the Justice department wants to impose his just so onerous that it ends up scuttling the deal? Well, I think that is a big challenge for the companies theater. It's I mean it's not easy to just set up a new competitor that has its own now work as I said, that's very capital intensive. So the companies don't want to do something that eliminates the economics of the deal. So I don't what's on clear, as if they are unable to get to an agreement with the.

Justice department FCC Bloomberg sprint David McLaughlin Verizon Bloomberg interactive brokers AT US Charlie T mobile Time Warner reporter Obama administration FTC
"david mclaughlin" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

07:31 min | 2 years ago

"david mclaughlin" Discussed on Bloomberg Radio New York

"Street. That means it's time now for the market drivers report with a focus on American depositary receipts. And here is Dave Wilson. Thanks, charlie. Eighty arising along with US shares the S and P a DR index is up nine tenths of a percent that matches the gain of nine tenths of a percent for the S and P five hundred rounds of shells, two classes of ADR's risen two point one percents in US trading. A group that includes the oil and gas producer made a bid to build wind farms off the coast of the Netherlands in the financial times reported the shell wants to become the word. World's largest electricity company by the twenty thirties that the UK based insurer prudential has gained one point nine percent. Last year is operating profit beat analysts average estimate and Bloomberg survey that we should point out. Prudential is unrelated to US-based prudential financial Germany's Audi daas also known as a Dita's swollen two point seven percents. The athletic wear maker forecast slower sales for this year is a boom in retro footwear. Fades in Europe and China's penguin dwell has dropped seventeen percent the online. Marketplace posted a fourth quarter loss was more than twice as wide as analysts expected. Benguela spent more on marketing and technology to fend off competitors, Alibaba and JD dot com. Charlie we thank you very much. Dave Wilson following those ADR's force. We're looking at an update here without the s&p Anez all of dancing SNP up twenty four a gain of nine tenths of one percent. Recapping on the Dow up one. Seventy-five up seven tenths and NASDAQ up sixty seven that's a gain of nine tenths of one percent. I'm Charlie Pellett. That's a Bloomberg business flash. Thank you, Charlie. We are live from the Bloomberg interactive brokers studio T Mobile's chief executive went to Capitol Hill yesterday to testify about the proposed merger with sprint. He wants the government to approve, but he ended up defending his stays at the Trump International hotel while in Washington DC for good deal of time. Joining us as David McLaughlin. Bloomberg news legal reporter, David some of the representatives said that since the announcement of the merger. He spent one hundred ninety five thousand dollars at the hotel. John Laker corrected that to one hundred ninety four thousand dollars. Why was this important to some of the Democrats on the committee? Well, the issue of the the White House's role if any in merger of us has been a hot issue since the beginning of the administration with the government's challenge to stop of AT and T buying Time Warner and at the time there was a lot of speculation that Trump and interfered in that case because of his criticism of CNN than last week. The New Yorker reported that in fact, Trump did tell Gary Cohn at the time that he wanted it blocked or asked why wasn't it being blocked? So fast forward to this deal. And congressman on on the panel yesterday were saying, well, these stays at the hotel look like. T Mobile's attempts to curry favor with the administration, and their point was this is a little legitimate line of questioning given what happened in the Time Warner case. And what was the response from the t mobile CEO? Well. His point was that. The point tried to make was that his days there were irrelevant to the review on an attempt to curry favor at some point. He said that he was even before the deal. Longtime guest of the hotel though in two thousand fifteen very notable Twitter fight with Trump before Trump became president. Of course about his stays there. When Trump complained about T mobile coverage. So there's some history between them and Republicans on the panel came to his defense essentially saying that's not relevant. The the issue in the merger is about whether prices will go up and whether competition will go down not about where he's staying when he comes to Washington. Let's talk about the actually the merger for a few minutes. So the Federal Communications Commission paused its review of the merger which has been under review for eight months. Now is it likely to go through or is that a sign that it's facing a lot of trouble. There seems to be some some size that it's that it's running into trouble right off the bat. I think we need to keep in mind that this this market is highly concentrated there are only four major national carriers in the United States. This would reduce it to three if this merger goes through so sort of on on it's on the surface. It's it's problematic. And we heard a lot a lot a lot about that yesterday. The pause at the FCC. We don't quite know everything that's going on there. But the FCC said it needed more time to review some of the information that that T mobile had submitted and some critics of the deal said this doesn't look good because it's sort of a bad sign if you're emerging company, and you're submitting significant important information at this late late stage in the game sort of looks like you're trying to counter pushback from the regulators on the other hand T mobile has been pretty aggressive in its pricing policies up to now. Exactly. And are certainly a company. That's brought a lot of competition to this market and helped even help bring prices down among all the carriers because of their aggressive competition and the fear though, is that if the combined with sprint there's sort of less than sensitive to to do that. Because the market is more concentrated, it's a little more. It's a little easier to coordinate among all all the carriers. And the other thing to keep in mind is that's actually sprint and T mobile compete, very aggressively with one another. So they merged that that competition will go away and some people think that that's particularly important for lower income consumers who tend to benefit from that competition because those plans are are cheaper than Verizon AT and T. Just about thirty seconds here. David. But how long before we know whether this is going to be approved or not. It seems it seems that. So the the clock will restart in in April. So we're looking sometimes late spring potentially for decision by the FCC and the Justice department. Meanwhile, it number state attorney generals are also investigating the deal not clear when when they will come out. And it looks like it's very much up in the air. All right. Thanks so much, David. That's bloomberg. News legal reporter, David McLaughlin, coming up. We are going to go into all things Manafort, it's been quite a morning for him charged and then facing new charges after sentencing. I Bob moon is going to give us a check on the world and national news, Bob and ju- some of the highlights no sooner had former Trump campaign chairman Paul Manafort been sentenced.

bloomberg T Mobile Trump David McLaughlin Federal Communications Commiss Charlie Pellett United States Dave Wilson Time Warner Trump International hotel Washington sprint reporter UK Germany Audi government Bloomberg interactive brokers Netherlands
"david mclaughlin" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:40 min | 3 years ago

"david mclaughlin" Discussed on Bloomberg Radio New York

"Bloomberg business flash. Thank you, Charlie. Speaking at a July hearing, Minnesota democratic congressman Keith. Ellison as fed chair Jerome Powell about the economic effects of tech giants like Google, and Amazon we have highly concentrated markets these days, can you talk about market concentration in this particular economy. It seems like every industry you look at. Highly concentrated markets. Look, for example, Amazon how they're dominating online retail and today FTC chairman Joe Simon's began the first in a series of hearings about this very issue. Joining me from the hearings is David McLaughlin. Bloomberg news legal. Reporter Dave said what happened today so far? Well, today, the the hearing open remarks by the chairman Jos Jos diamond, then they had a panel, including that included some economists and lawyers the Scots kind of big picture issue in competition policy and later today, they're going to be hearing from for more economists and digging into the data behind some of the concerns that were raised an equip you just played why is market concentration getting so much attention now. Well, I think partly it is due to big tech companies like Google and Facebook, and and the they're booked their size and their dominance of their importance in in our lives. And as we've seen over the last couple of years their concerns that go beyond competition. So that's one thing. And the Secondly, there are a lot of economists right now who Lasko for years have been digging into this issue sort of economists who are outside the antitrust world to are questioning our trust has been applied in the past, and pointing some data that the teams to show that does show rising concentration and across many industries, not just tack and. The possibility that that means that many market exhibit companies in many markets have market power, which which is something that antitrust enforcers should be should be worried about and then they're going further, which is kind of interesting to say that some of these markets that are concentrated or the problem of rising concentration is actually tied to or broader macroeconomic problems like week productivity growth inequality in the economy, low investment by companies, so there's a lot to dig into and and it's got many economists, very interested. So there are these calls for more aggressive enforcement and policing of mergers. But a judge just stop the Justice Department's attempt to derail the AT and T Time Warner merger. So what is realistically with? Thin the FTC's power in this area. Right to that case highlighted, but the challenges that foresters here in the US base, and that they. If they want to get more aggressive on on mergers or going after big companies, they have to convince courts, which can be at times difficult to convince this on the AT and T case. So. You know, that's different than in Europe. So. Think for enforcers here part of it is some people would say, well, they just need to be willing to lose cases of trying to move the courts in a certain direction. And you know in the case of the in the case of AT and T. The issue was that that was the first vertical case that was brought in something like forty years. So that might just be an indication that courts hadn't seen one of those cases in a very long time. There's also the point that being big or even being a monopoly is not by itself. Illegal. So what other kinds of facts would the government have to find to go after some of these companies who have such high market concentration? Right. So that's one of the key things that keep in mind is that we don't want to punish companies that are big because they are because they're successful in selling products and services that people want though. What the government would need to find. If. In any monopoly case is conduct by by by a company that has a dominant market share. That's a monopoly. That amounts to basically thwarting competition. It's market. So, you know, the big famous case from almost twenty years ago now with Microsoft, and the and the issue there was no that was a a company at the time dominated operating system. Computers using that that dominance to harm competition or emerging competition from Netscape Navigator and did lots of things to do that. And that's conduct those steps that it took at the time. The government said or legal in a court agreed. Just about a minute here. What do you see the final the final events in in all this being that they're trying to break up some of the big companies like Amazon is that the goal? That's not the stated goal. I mean. I, you know, the FTC is basically the chairman Joe Simon is just saying, you know, this. This is an issue that these these concerns legitimate that the to be debated and discussed and we should look into the deeper where.

AT FTC Amazon chairman Bloomberg Google Joe Simon Jerome Powell Jos Jos congressman Keith Charlie Minnesota David McLaughlin US Europe Ellison Justice Department Time Warner Reporter Netscape
London, Colorado and Epa discussed on The David Rubenstein Show, Peer to Peer Conversations

The David Rubenstein Show, Peer to Peer Conversations

02:33 min | 3 years ago

London, Colorado and Epa discussed on The David Rubenstein Show, Peer to Peer Conversations

"To strong winds dry conditions and low humidity seventy fires have already consumed around on seven hundred thousand acres from alaska to california new mexico colorado and utah future of epa administrator scott pruitt is described inside the white house near the tipping point kaitlan collins reports officials are publicly acknowledging the continuing flow of stories about new ethical violations are getting attention there the white house says they are looking at these latest reports they continue to come out by the day they said troublesome even the president has acknowledged what the bad optics are the chicago police department is out in force today ryan young reports they're hoping to prevent violence this very hot holiday weekend they're putting fifteen hundred extra additional forces on the street to make sure the attack that violence they're trying to make sure they get the guns off the street a quack quickest possible i'm michael toscano and i'm courtney donohoe at bloomberg world headquarters european stocks struggling for direction while futures for the sp five hundred are rising us markets closed for the july fourth holiday trade is the focus for investors china says it won't be the one to fire the first shot in a trade war there were reports that because of the time difference china would begin imposing tariffs on us products friday before the us did the same chinese goods but beijing says it will still wait to see what the us does let's get you a quick check of trading p mini futures rising three tenths of a percent dow futures up two tenths of percent turning to europe the footsie in london down three tenths of a percent along with the dax in germany the cac in paris up a tenth of a percent ibex in spain rising one percent the footsie mid in italy down four tenths of a percent we're hearing that us lawmakers plan to pressure the trump administration to scrutinize t mobile's plan twenty six and a half billion dollar purchase of sprint bloomberg's david mclaughlin says a draft letter from house lawmakers to treasury secretary steve mnuchin says the deal poses a threat to national security bear some concerns about sprints parents softbank and its ties to while away softbank has commercial ties with way the chinese telecommunications company and wow way essentially is you by the us as national security threat the t mobile sprint merger needs approval from a government committee led by mnuchin and bridge agreed to sell canadian natural gas businesses to brookfield infrastructure partners for three point three billion dollars later today listen to special coverage of the.

London Colorado EPA Administrator Kaitlan Collins Ryan Young Bloomberg World China Europe New Mexico Germany Paris Spain Italy Steve Mnuchin Brookfield Infrastructure Part Beijing Utah
"david mclaughlin" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:32 min | 3 years ago

"david mclaughlin" Discussed on Bloomberg Radio New York

"It's networks joining us now from new york nabil ahmed who is covering the story for bloomberg news in la we have bloomberg media reporter i new she's a coup on the phone we have meet him senior analyst laura martin so i will start with you what exactly do we know about how the deal is laid out and how this really is a fatal flaw for comcast look disney's come out with a very aggressive beat today as you said about seventy one billion dollars for the whole thing and they've upped their own by about ten dollars three dollars a share higher than what come costs had propose and they submitted the offer just before the the folks board had a meeting today in london and put this to i'm and the fox board obviously has recommended it now the doj news is really interesting today in david mclaughlin our colleague in dc broke that news and he has found out that the doj is about to approve the disney folks offer in as little as two weeks because disney is very keen to get this done as you know and they're about six months into this process have talked about divesting some assets as needed to get the deal done and that's that's the regional sports networks and and it might be a couple of other things as well now laura we know that bob eiger and james burdock have been talking behind the scenes you know why do you imagine murdoch is more attracted to disney i think because disney's content culture is more in keeping with the fox content assets and i think you know anybody would like to be stuck on a plane next to he's the greatest like bandaged you're on earth so i think they'd much prefer to be owned by the walt disney company then comcast is this the end comcast you think or do they have another move i don't i think you're going to see them be more aggressive on price and because a lot of arbs are involved here because this is the box has been in play for six months i think you're gonna see the arch take the higher price so comcast can top this bid by cantor fifteen percent i think you'll see the vote go for the comcast bid regardless of what talks only voting at seventeen percents so it can be overruled here interesting i knew so showdown could be coming you know what do you expect to see in terms of how this plays out well it's potentially a comcast coming back with a higher offer and i'm the sorority so speculating of an offer with a full handle in terms of share price offer so we'll see i mean clearly what's at play.

comcast disney james burdock fox london senior analyst bloomberg nabil ahmed new york la walt disney company murdoch bob eiger doj dc david mclaughlin laura martin reporter
"david mclaughlin" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:45 min | 3 years ago

"david mclaughlin" Discussed on Bloomberg Radio New York

"The bloomberg business app and jake talk on twitter this is a bloomberg business bloomberg world headquarters i'm charlie pellett stock surrounding bonds are falling as the latest american jobs data bolsters optimism in the economy all but solidifying a rate increase later on this month s and p up thirty now a gain of one point one percent the dow up two hundred thirty six by one percent nasdaq up one hundred and twelve up by one and a half percent the tenure down nine thirty seconds yield two point eight nine percent gold down two tenths of one percent twelve ninety five the ounce west texas intermediate crude down nine tenths of one percent sixty six forty four for a barrel of wti i'm charlie pelletan that is a bloomberg business flash thank you charlie the us has opened a criminal investigation into whether traders manipulated prices in the five hundred fifty billion dollar market for corporate bonds issued by fannie mae and freddie mac sources tell bloomberg joining us from our dc studio is david mclaughlin bloomberg news legal reporter and the author of that article david tell us more about the investigation sir so this is an investigation into the possibility that traders at different banks affect essentially were coordinating with one another across banks to among manipulate possibly fix prices for these for these securities and and i spent a lot of trading as i recall of these securities as there was discussion in washington about whether or not to bail out fannie and freddie and i remember the big cult followings of retail investors who are investing in these bonds right and i don't we don't know a lot of the details about this investigation terms of like when this conduct took place i think what's clear is that the justice department for really since the obama administration through much of the abound industry nation has been looking very closely at the trading operations of the world's biggest banks and has brought a number of criminal cases involving different trading operations so among the biggest have been involving the currency markets were many traders several traders were like here potentially were were coordinating with one another to to benefit their own institutions and and.

obama administration freddie bloomberg news david mclaughlin dc charlie texas charlie pellett jake bloomberg twitter justice department washington reporter freddie mac fannie mae charlie pelletan
"david mclaughlin" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:43 min | 3 years ago

"david mclaughlin" Discussed on Bloomberg Radio New York

"Of you deploy your capital or where you're deploying your capital steve not really one of the things that's forgotten when we we turn to this hubbub of what's going on in washington is the basic economy is is doing really well most of the hindu edition of consumer confidence business confidence their records you know we just what we have eight hundred thousand people came back into the workforce labor's getting tight retail sales were a little shaky but no set of measures work every time you measure them but you know we're we're gonna have growth i'm pretty sure in the threes which people said was impossible and whenever you reduce regulation to the extent you believe that some of the regulations were really creating a lot of friction and give people the confidence to go ahead because there's predictability they're not gonna be tacked for sort of they're just doing their jobs that good things will happen in that kind of thing let alone the policy changes that were introduced that that that will stimulate the economy give it another leg that was blackstone ceo steve schwartzman speaking with bloomberg's betty lou that's all for this edition of bloomberg best if you have a bloomberg terminal you could see all the bloomberg best stories at best go our show is produced by david supplement and i'm jim br also this is bloomberg this is a bloomberg quick take context and background on issues of interest our focuses on the us watchdog on deals with bloomberg's david mclaughlin the situation stands for the committee on foreign investment in the united states and its job is to review foreign acquisitions of american companies and look at those deals to determine whether a foreign buyer that's by an american company threatens national security in some way the background i came into being in the nineteen seventies during the ford administration and it sort of modern incarnation current authority was passed by congress in two thousand and seven the argument that big debate right now about fifty s is whether it's a thorn to look at deal.

washington steve schwartzman bloomberg betty lou david supplement david mclaughlin united states ford administration blackstone ceo congress
"david mclaughlin" Discussed on KKAT

KKAT

02:19 min | 3 years ago

"david mclaughlin" Discussed on KKAT

"He's and i think it's does a good job honestly of showing progressive critics as just hysterical an unhinged as they are he said so today at the at the end of an extended riff about the democrat reactions to various parts of the state of the union address he said that uh trump told the crowd in ohio that they would rather see him do badly and he said okay then they would rather see you know me do badly than our country to do well he says it's you know it's it's selfish and he says somebody said treasonous i mean the i guess why not can we call it treason why not and everyone was laughing and he said i i mean are they certainly didn't seem to love the country very much now he's not being serious he's i mean people are laughing and he's joking with people but progressives are you know jeff fraud far crazy because and they're freaking out they want to say oh well you're colonist treasonous so here so david mclaughlin over at national review had a great example of all of the times that progressives and members of the democrat party were far do conservatives and referred to republicans as traders or treasonous for instance there are so many examples of this paul krugman had mentioned it before vice president joe biden accused told republicans that they acted like terrorists in august 2011 over the debt limit said he says this group of terrorists that's how he referred to them i am let's see who else was at steiner hoyer uh had referred to them as such a may twenty twelve years there was another chuck schumer netted done he said that schumer had said that they what they were doing he suggested it what they were doing was treasonous for setting up a situation for america's economy to fail uh barbara boxer i mean there's even more david axelrod david plouffe a former senior adviser to vise or former senior vice at our barack obama over and over again christo chris matthews that's a good one josh earnest that's right uh what else do we have i mean there's like a.

ohio fraud david mclaughlin national review democrat party paul krugman joe biden chuck schumer america david plouffe senior adviser barack obama jeff vice president david axelrod chris matthews twenty twelve years
"david mclaughlin" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:14 min | 3 years ago

"david mclaughlin" Discussed on Bloomberg Radio New York

"I do want to just mention briefly that the market is very much responding to it in particular the dollar continues to fall it it it really i took a market downturn astor the report from eighty seats came out also 30year treasury yields are declining on at this news at price rising i'm just wondering how quickly could things move from here give indeed michael flynn has flipped is prepared to testify against president trump does the fact that this is coming now mean that muller is going to move much more quickly against uh some other perhaps higher profile on quicken will pay for the investigation near quicken the danger to president trump and those around him and at court can speculation and it's only speculation about donald trump who thought to this is a witchhunt might react twitter are in in terms of trying to stop and you're going to get that all speculation but i think the markets are looking at all of this at a time when investors have been very enthusiastic about the possibility of tax cuts in particular and wondering if saw everything's gonna be throw now off day since he's the most important development cell far and and die as our heads continued to move on the bloomberg darnell terminal i see offer david reporter david mclaughlin that flynn is admitting that he had contact with a quote senior unquote transition uh official in the trump campaign about his contacts with the ambassador so clearly saying that uh these weren't rogue uh independent uh conversations he had whether you discussed the matter with president trump is abc's reporting or not i he sank i made these contacts the ones that are considered inappropriate and then that he admits he lied about uh the i made these contacts with full knowledge of the trump campaign and just to add some market news talking about volatility the vicks moving higher right now fourteen percent the vix stands at twelve point nine five so clearly a link to the news and two mark other action you know what's interesting is jim paulsen from the new told group this morning indicated that stocks might eventually trade up on this news because then a true publicans can get in and.

michael flynn muller donald trump twitter reporter jim paulsen president quicken bloomberg david mclaughlin official abc fourteen percent 30year
"david mclaughlin" Discussed on KBNP AM 1410

KBNP AM 1410

02:12 min | 3 years ago

"david mclaughlin" Discussed on KBNP AM 1410

"It's only speculation about dow president trump rude this is all a witchhunt might react to twitter are in in terms of trying to stop the investigation and get that's all speculation but i think the markets are looking at all of this uh at a time when investors have been uh very enthusiastic about the possibility of tax cuts in particular and wondering if uh if everything is going to be throw off basis is the most important development so far and and as our heads continued to move on the bloomberg darnell terminal i see uh for david reporter david mclaughlin that flynn is admitting that he had contact with a quote senior unquote transition uh official in the trump campaign of bodies contact with the ambassador so clearly saying god these weren't row g uh independent uh conversations yeah whether you discuss the matter with president trump is abc's reporting or not he's saying i made these contacts the ones that are considered it appropriate and then that he admits he lied about uh i made these contacts with full knowledge of the trump campaign and just to add see some market news talking about volatility the vicks moving higher right now by fourteen percent the vix ends in two point nine five so clearly a link to the news and to learn more connections new it's interesting is that jim pulse since new told group this morning indicated that stocks might eventually trade up on this these because then a true publicans can get in and worked i wouldn't have say true i mean classic sort of republicans can come in and kind of direct to the economy as such so you know it just started to put this into perspective but leery what are the next steps here do you have any indications for both mike flynn as well as the muller investigation will i think we're going to have to see how this plays out obviously the market and everyone will be watching the predator twitter feed with even more than the usual law attention to see if he lashes out or response to see how the white house respond but i think beyond that uh otherwise we're gonna probably have to wait a little while to see what muller's next appears who he's been interviewing a top official administration.

reporter trump mike flynn muller dow president twitter bloomberg david mclaughlin official abc fourteen percent
"david mclaughlin" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:48 min | 4 years ago

"david mclaughlin" Discussed on Bloomberg Radio New York

"The morning here in hong kong either putting less and i brian caird is underway throughout much of the region we just kicked off things here in hong kong and shanghai and right now the hang seng index his up route one hundred points sosa about a third of one percent is saying i composite his dave was just looking at the fifty stocks constituent stocks in the hang seng index and it's a day was a bit more balance of late we've seen some of the top ten stocks uh really powering up stocks like ten cent and and a ends some of those but it's more split evenly today so an interesting day most of the markets are in the green but the china markets definitely in the red yeah i mean i was just to add to what you said here brian i was take a look at the data these these these southbound flows from shanghai and shenzhen tents as easily the top onestar over the last few days it's an it's best fourday rally in over two years it's just crossed the five hundred billion market cattle market cap milestone so we'll talk more about that later on just keep you updated of course here to at t the justice department now suing to block at and eighty five billion dollar takeover of time warner it's an unusual move when it comes through the two companies that aren't direct competitors and bloomberg's david mclaughlin says the companies can took it out in court with a justice department or deal seeing weather att and time warner can come up with a way to address the government's turn favoured tell him from arafat's him before they actually go to trial at t calls the suit a radical and even inexplicable departure from decades of antitrust settlement randall stevenson seal of at t says he's not in the mood to compromise we cannot and we will not be party to any agreement that would even give the perception of compromising the first amendment protections of the press so we need agreement the.

hong kong shanghai bloomberg david mclaughlin warner arafat brian caird sosa china brian i shenzhen t randall stevenson first amendment eighty five billion dollar one percent two years fourday
"david mclaughlin" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:25 min | 4 years ago

"david mclaughlin" Discussed on Bloomberg Radio New York

"991 to boston bloomberg one six what do syndrome cisco bloomberg 960 to the country siriusxm thirteen and around the globe the bloomberg radio app and bloombergradiocom this is bloomberg daybreak asia it said in hong kong it is at six thirty p m met in new york city i'm rishaad salon and i brain kurdish trading is underway in sydney and we've got about half an hour to go before we get tokyo and seoul up and running but our most native day here in the pacific this morning details coming shortly with doug christner but for the moment duggan or rather rishion i wanna walk you through some of the top stories of the hour the justice department is suing to block at and t's eighty five billion dollar takeover of time warner is an unusual move when it comes to to companies that aren't direct competitors now i'm bloomberg's david mclaughlin says the companies can check it out in cool with the justice department all cut a deal i maintain weather att and time warner can come up with a way to address the government's concern divi like telling from assets but before they actually go to trial eighteen zico's to suit a radical an inexplicable departure from decades of antitrust sentiment randall stevenson ceo of at t says he's not in the mood to compromise we cannot and we will not be party to any agreement that would even give the perception of compromising the first protection so the press so we need agreement the results in us forfeiting control of cnn whether directly or indirectly is a nonstarter steven says he looks forward to continued talks with the justice department fed chair janet yellen says that she will leave the fed completely wants her successor john powell is sworn in yellen could have stayed on the board as governor until two thousand twenty four rush right he would indeed does she is going and step down in february from the job as if had president right former us treasury secretary jack has a new job these joining private equity firm and gold gets a partner focusing on investments an institutional relationships then they say he says they could help grease the wheels for deals for the company jack who knows how the levers are pulled here and so as private equity gets bigger.

john powell jack treasury secretary cnn randall stevenson t seoul tokyo bloomberg boston bloomberg partner president siriusxm fed janet yellen ceo warner david mclaughlin duggan doug christner sydney new york city hong kong eighty five billion dollar
"david mclaughlin" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:20 min | 4 years ago

"david mclaughlin" Discussed on Bloomberg Radio New York

"Griggs against three live to new york to washington dc bloomberg 991 boston bloomberg 106 to san francisco bloomberg 960 to the country siriusxm channel 119 and around for bloomberg radio app and bloombergradiocom views bloomberg daybreak asia yes it is eight thirty in the morning in hong kong i'm doug prisoner and i'm brian kurdish fighting is underway throughout much of the region we still have an hour to go before we get the markets in hong kong and shanghai opening up the prices look to be lower inequities across the region although the cosby is is higher in seoul of seven points but other markets like in tokyo and in australia are probing a little bit to the downside so we'll get to that in a moment but for now the top stories of the hour we begin with president trump blocking the chinesebacked private equity firm canyon bridge capital from buying oregonbased lattice semiconductor now this move does not bode well for other chinese firms seeking us security clearance for their acquisitions bloomberg said david mclaughlin tells us this could spell trouble for jack mas and financial and its planned purchase of monogram that one is coming close to a decision and we don't know everything that's going on these are either or secretive but we can pow run into some kind of current but we might hear more in the coming week so with a block on lattice semiconductor this is only the fourth time in a quarter century that a us president has prevented a foreign takeover on national security risk meantime china's government is blocking brokerage see jio is from taking time off as we get closer to the communist party's big leadership conference next month we get more on this from bloomberg's betty lu china securities regulatory commission is banning bosses of brokerage companies from taking holidays or leaving the country from october 11th until the congress wraps up and we're also told the commission has also ordered the brokers to mitigate risks and ensure stable markets before and during the key twice a decade leadership conference the congress begins october eighteenth expected to replace half of china's top leadership and shape president xi jinping's influence into the next decade betty lu bloomberg daybreak asia and we go to japan next to our toyota is said to.

regulatory commission betty lu xi jinping betty lu china jio australia shanghai brian kurdish siriusxm san francisco boston washington toyota japan congress Griggs communist party china president us jack mas david mclaughlin oregonbased lattice semiconduc tokyo seoul cosby hong kong asia bloomberg new york
"david mclaughlin" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:09 min | 4 years ago

"david mclaughlin" Discussed on Bloomberg Radio New York

"Asia good morning everyone it's six thirty in the morning here in hong kong david need less and i brian kurdish were about ninety minutes out from the start of the action in tokyo in seoul and in sydney three hours to go before hong kong and shanghai get up and running we not only had a reasonably good lead in from wall street we had a bounce in commodities the bloomberg commodity index up twotenths of 1 percent oil had a balance that augurs well for risk on but we're not seeing the futures running to the upside here in asia we'll get to that was dug in a moment but for now the top stories of the hour david let's let's get started with an update here in shares of oregonbased lattice semiconductor it's been coming under pressure post market president trump is blocking eu chinesebacked key e firm we're calling that kenya breach capital there from buying let teeth now blueberries david mclaughlin calls it aid personal rebuke if you will bad news here for other chinese buyers seeking us security clearance for their own acquisitions one example is of course jack must at financial and its planned purchase of money graham that want to pray coming close to a decision and we don't know everything that's going to be reviewed there are secretive but we can cowley it does feel like a 2run into thumb concurrently might here uh more in the coming weeks and just to mention as well we will have the chief strategy officer and financial on bloomberg tv chinlung joins us roughly in about four hours from now at back to that story this is only the fourth time in a quarter century that a us president has blocked a foreign takeover because of national security risks china's government is banning brokerage ceos from taking time off as we move closer to the communist party congress next month we get more from bloomberg's betty lu china securities regulatory commission is banning bosses of brokerage companies from taking holidays or leaving the country from october 11th until the congress wraps up and we're also told the commission has also ordered the brokerages to mitigate risk and ensure stable markets before and during the key twice a decade leadership conference in congress begins october 18th is expected.

us betty lu china communist party cowley kenya brian kurdish regulatory commission bloomberg congress china president tokyo chief strategy officer jack david mclaughlin trump asia shanghai hong kong sydney seoul ninety minutes three hours four hours 1 percent
"david mclaughlin" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:05 min | 4 years ago

"david mclaughlin" Discussed on Bloomberg Radio New York

"Broadcasting live to washington dc bernard to bolster bloomberg 960 to the country siriusxm general 190 around the who was bloomberg god he's bloomberg surveillance and give morning i'm karen moscow along a town clean and david gura and the sp 500 is lower at the open it's down twotenths percent or three points to twenty four fifty five dow jones industrial average down twotenths percent or forty six points to twenty one thousand five hundred eighty one the nasdaq down twotenths percent or ten points to sixty three ellis three 10year treasury at twelve thirty seconds he'll two point seven percent yield on twoyear one point three four percent nymex crude oil up 14 percent or sixty four cents to 46 sixty seven a barrel colmec's gold's up a sixtenths percent or six dollars eighty cents to twelve forty fifty an ounce eurodollar fifteen seventy five again one eleven point eight eight tell me david keren thank you very much david gura and tom keene bloomberg surveillance on bloomberg radio it's nine thirty on wall street communes it's time for the believer quick take this is a bloomberg cryptic the context in background on issues of andrew hall focuses on facebook and google are they the new monopolies with bloomberg's david mclaughlin situation where a lot of comparisons actually how these companies have sort of become quickly uh the railroad the nineteenth century where there for the indispensable platform of today's economy that control access to many market kripo the background this is an issue of emerged over the last couple of years certainly got a lot more attention an economist come lawyers the argument and of course to traditionally have looked at prices and our consumers because of a monopoly say are they pay more.

bloomberg siriusxm nasdaq ellis crude oil david gura bloomberg facebook washington karen moscow david keren tom keene bloomberg andrew hall google david mclaughlin twelve thirty seconds three four percent seven percent three 10year six dollars 14 percent twoyear