23 Burst results for "David West"
Bloomberg Radio New York
"david west" Discussed on Bloomberg Radio New York
"CEO Elon Musk is expected to unveil the next phase of his master plan for the electric automaker, more from Bloomberg's Craig Trudeau. When we talk about master plans, part two remember he was Musk talked about going into every segment, having trucks and buses. We have a semi that's just barely started deliveries. We don't have the robo taxis he promised. We don't have the self-driving capability that he talked about. So we also have to kind of consume today's headlines with some grains of salt. In other Musk related news, Twitter users reported problems today in the latest outage since he took over the platform and fired thousands of workers, Twitter is also scaling back its office space to cut costs. General Motors is cutting hundreds of jobs to save money and streamline operations. According to multiple news reports, GM chief people officer Arden Hoffman said in a letter to employees that the automaker is committed to $2 billion in cost savings in the next two years. General Motors employed about 86,000 hourly workers and 81,000 salaried workers globally at the end of last year, CEO Mary Barra said in January that GM was not planning layoffs. Higher airfares aren't keeping college students from a jet setting spring break. According to a survey from triple-A, international travel bookings over spring break are up 30% compared to last year. Triple-A says beach getaways are the most popular choice, with The Bahamas, the Dominican Republic and Jamaica among the favorites for fun in the sun. Florida is the top domestic destination followed by Hawaii. Those of the company stories were following this hour, I'm Steve rappaport, and this is Bloomberg. Mister favorite Bloomberg radio show, Bloomberg businessweek, masters in business, Bloomberg intelligence, and more are also available as podcasts. Listen today on Apple Spotify and anywhere else you get your podcasts. This is balance power on Bloomberg television and radio. I'm David west and we talked earlier in the program about some of the inflation numbers coming out in the United States in Germany and by the way, some of the numbers coming out of China as well. Now we'll take a look at what the markets are making all this and we turn to pretty Gupta. So critic bonds. Yeah, bonds. And really reacting today to the ISM data, which came in much stronger than expected. And this is a really important story to what extent is the market actually factoring the lag that is going to be built in from the Federal Reserve of 2022. And what's interesting is in today off of the ISM data, you saw a complete repricing in the bond market of what they expect from the Federal Reserve. You're now looking at a peak policy rate of 5 and a half percent, not in July, which is where we were yesterday, but in September instead. So the message here is higher for longer. And that's translating into the bond market with the ten year yield hitting that round number 4%. Remember, we keep watching that level. It briefly hit it and then came back down. So technicals and play right now were at three 97 on that note. But I think what's important to keep in mind is on the two year yield on the front end of the curve, you saw a hit almost 5%, so we're looking at four 90 at the data coming back a little bit as well. And then the ripple effect of that is on the stock market that fade that you saw around the same time. It wasn't because of higher ISM. It was because of the reaction to the bond market. And I think that's the takeaway from today's trade. So that's interesting the fed, any residual effect of the China numbers that really surprised people quite a bit, there's always some numbers. We're quite high. They were quite high. Right. Right. Yeah, my numbers. They weren't quite the driver of today's trade, though, but you did certainly see it in the European session. I think the turnaround really was on the ISM story because although China is very important, they have a very different growth dynamic in a very different easing policy than, for example, the Federal Reserve. So it really all came down to the ISM numbers. And remember, this is all in the lead up to payrolls next week. I think march 10th is the date for that. And that's going to be the real trading game changer when it comes to the bond market. Because the real question here, I guess, is the labor market. It is in the end. It's wages in its labor market tightness. It is, but it's also the housing market to some extent. And there's this kind of built in assumption that eventually it's going to pop, but we're not there yet. We don't know how long it's going to take to get there. So that's something you saw on, for example, Lowe's earnings today. A lot of mentions about the housing market that may have really inevitably pop, but the labor market is still in the driver's seat at the moment. Yeah, as mortgage rates continue to rise. Thank you so much to credit Gupta. You can catch her again at 1 p.m. Eastern Time when she will be anchoring Bloomberg markets
Bloomberg Radio New York
"david west" Discussed on Bloomberg Radio New York
"I'm David west and we turn now to our very special contributor Larry summers of Harvard. To take us through what we saw this week. So Larry, first of all, right at the end of the week, we got the jobs numbers, which actually were larger than what's thought but the markets actually were somewhat encouraged. What did you make of these numbers? Look, these were good numbers. They showed us strong economy with slowing inflationary pressure insofar as there's strong signal in them. It's got to be encouraging. My instinct is not to make too much of the month to month fluctuations in the wage numbers, which are I think the source of encouragement that people are seeing of the various data on wages. I regard the quarterly employment index as the gold standard, the Atlanta fed information as the silver and the monthly information that comes here as the bronze simply because of all the composition changes. If, for example, more teenagers start working, then that's going to show up as slower growth in average hourly earnings. But this is an encouraging number. Did it encourage you in the direction perhaps learning that perhaps we could have as the so called soft landing without major unemployment because certainly we're certainly adding jobs at a fair clip still. Look, my view continues to be that you don't get inflation down to the 2% range without getting wage inflation substantially down and you don't get wage inflation substantially down without meaningful slack in the labor market and we don't have slack in the labor market. And there's nothing in this number that fundamentally changes that picture. I certainly think that the prospects of for recession in the near term look lower prospects of recession in the winter or spring of 2023 are certainly lower right now than I would have guessed they would be 6 months ago. But I think the judgment that soft landing sort of the triumph of hope over experience continues to be the right best guess with respect to the economy and I'm not sure that continued
Bloomberg Radio New York
"david west" Discussed on Bloomberg Radio New York
"This is about to power Bloomberg television radio. I'm David west and I said at the top of the program, the markets are still reacting to that fed decision and more important than the news conference from J pal yesterday and here to bring us up to speed on where those markets are right now is pretty Gupta. So how are we doing? All the sell off continues. We are near session lows. The S&P 500 down two and a half percent, a little extra pain in the NASDAQ that tech heavy NASDAQ very exposed to the rates picture down about 3%. Here's the takeaway. This is at its core essentially a post FOMC day classic hangover to some extent, although we didn't really see that much of change in what chairman Powell did say. What you are seeing here is a little bit of a repricing. Think about it. In the last 48 hours, we've had a CPI report that has shown some better than expected deceleration in the inflation report, something that changed the fed swaps pricing to a peak policy rate of 4.8% in May of 2023. So that's what the markets were expecting going into the fed meeting, only to discover that the chair is actually looking at 5.1% as the peak. Now that seems like pretty close, close enough to 5%, but from a pricing from a valuation point of view, that's what's sleeping into the market here. They're repricing. And that's why you're seeing such a extreme move in the stock market right now. Also keep in mind though, that you have had some gains this week. Monday was a 1.4% gain Tuesday was almost a 1% gain in the stock market. So in addition to the repricing, there is a little bit of just a technical pullback. How much of what we're seeing is just a specific instance of don't fight the fed, because we've heard from Jay Powell repeatedly, it's going to take more than one or two months of some encouraging numbers. We've had one or two months now encouraging numbers. And I think what he said yesterday was that's not enough. He did. And look, he's also still worried about the financial condition story. The idea that stock markets keep bouncing back. And the fed is kind of like, well, why is this even happening? So this does continue to be a problem when you look at simply the move in the stock market and on the bond market and how the Federal Reserve is actually interpreting it. I think what's crucial to keep in mind though is that we're at a time of year where volume is already low. We're expecting kind of a Santa rally and I've also heard a lot of strategists and traders alike say this might be the one Christmas where we don't get a Santa rally where maybe we get a little bit of a Grinch sell off, if you will. Well, when are you talking about financial conditions? Obviously, I don't think chair Powell is rooting for stocks to go down. At the same time, I'm not sure he's going to be very upset with the reaction of the markets because he does need those financial conditions to get tighter. He was going to accomplish what he wants to accomplish. So I'm not sure this is very far off of what he would have wanted to have happen. It's not very far off, but I would have to say this is where the market and the Federal Reserve really vary because look, the markets have been selling off. The stock market especially, the carnage you've seen have been selling off for almost a year now. They're anticipating a recession. They're repricing these higher rates. And that's what you're seeing today. What they are also pricing in is 6 to 9 months down the road, a recovery in 2023, perhaps perhaps a soft landing. I say that with a big highlighted. But that is important when it comes to how the Federal Reserve thinks, because if they're starting to see the markets come back up, they're saying, oh, well, they're interpreting this as dovish. Well, actually maybe they're not. Maybe they're actually just forecasting cuts. And that's what's powering the move. Looking down the road. Thank you so much, Katie, always a treat to have you with us. It's a pretty Gupta. And you can catch pretty again when she'll be anchoring at 1 p.m. Eastern Time on Bloomberg markets. Coming up, Alvin Bragg, Manhattan, district attorney on his fight against crime and
Bloomberg Radio New York
"david west" Discussed on Bloomberg Radio New York
"This is about to power on Bloomberg television radio. I'm David west and I daresay, the big market story right now has to do with the United Kingdom and guilt and what is going on with the Bank of England. And they take us into all of that. We welcome now Bloomberg senior markets editor John authors who has a peace out on the Bloomberg in which he talks about British reserve. I think you call it, I think we're not seeing that right at the moment much British reserve. No, we're proud of our ability to understatement and we didn't get anything much in the way of understatement from Andrew Bailey yesterday, which has caused the latest really, really chaotic, twist in the saga of the guilt market. Well, if there's anybody who doesn't follow this Andrew Bailey yesterday, I understand saying that deadline of Friday is a real deadline. We're not going to stay buying these long-term guilt. In the meantime, the FT this morning I opened it up and this top story is, oh by the way, they're talking about extending it. Full disclosure I spent most of my career at the FT. I read it first thing. He's generally speaking, generally speaking, stories like that don't get into the FT if they're not true And they probably don't get into the FT if the Bank of England hasn't hasn't gone to great lengths to tell them otherwise. So the fact that such contradictory messages can get into the FT of all places, the house organ of the City of London virtually. From describing something so vital that the Bank of England is going to do is I just can not think of a precedent for it. We should say that the FT has done another story since the one you read this morning. Saying actually no they are definitely going to stop buying back bonds on Friday. Let's speculate for a moment. Is this two parts of the Bank of England? I mean, is there something of an insurrection going on? Part of it doesn't talk to the other part? I don't know about that. I obviously something has gone wrong with the clarity of the communications, one possibility is that they were having private communications about the possibility of giving them more time. And then for some reason, Andrew Benny decided to go public saying actually no, I'm not going to let you get away with this or I'm not going to let you not give you as much rope as you were expecting. So John, no, for something like you and I had sort of good fun to watch this go on. But there's real money involved here. There are real issues. I mean, are the pension plans in a position so they can actually unwind everything by the deadline on Friday. As far as I can tell, that's going to be really difficult. That said, they're pension plans. You've got a lot of time to bargain with a pension plan. I still find it very hard to imagine that their ultimate solvency is at stake because they are guaranteed pensions, the whole point of a defined benefit, final salary pension scheme is that you the pensioner don't take the risk. The employer does for a lot of those pensions and the employer is ultimately the UK taxpayer. So this could end up just creating even more of a dent in the national budget, but I don't see the I still find the idea of pensions
Bloomberg Radio New York
"david west" Discussed on Bloomberg Radio New York
"Bloomberg, business week. We did afternoons at two eastern. These are retailers that have been on everybody's radar. Those Apple numbers continuing to come in. On Bloomberg radio, the Bloomberg business app and Bloomberg radio dot com. This is ballots of power on Bloomberg television radio. I'm David west and we want to get a check on the markets right now, not just here, but also in the UK for that matter. We turn now to pretty Gupta to take us through it so what are we doing here on stocks? Yeah, well, it's a little bit of a wait and see mode here. I mean, you have the S&P 500 up about two tenths of 1% of the NASDAQ about the same margin, not a ton going on in the macro sphere. A lot of people waiting on that CPI data that we're going to get tomorrow. The PPI coming in just a little bit hotter than expected, but not enough to really dent some of the sentiment, nevertheless, it really is the micro, I think, that's worth paying attention to. Companies like PepsiCo, for example, David, we talk so much about a slowing economy slowing demand. PepsiCo actually raising their forecasting well, despite inflation, despite those higher prices at the end of the day, people are still buying. Okay, but we got to get to the UK. We do. This is the Bank of England. What's going on with guilt says, I just can't quite believe it. Yeah, they're turning in from the buyer of last resort to, are we ever going to not be the buyer of last resort? Really having to rescue some of these pension funds that have been working on it or using a hedge hedging strategy that's been working for decades, nevertheless, the BOE basically saying, all right guys, we got to get out in about three days. There's some confusion about the deadline. Nevertheless, it's still putting pressure on those yields now. Well, it looks like some of the big banks went to the FT, the Financial Times and said, you know what? They might extend it. Almost a push Bailey on whether he can really blink or not. Yeah, that deadline confusion, but as Marcus ashworth put it, I mean, you saw that confusion, but then he did see yields ultimately a come out on top. Okay, thank you so much for creating groups. And you can watch her again at 1 p.m. Eastern Time as an anchor on Bloomberg markets. Coming up, we're going to go over today's eco numbers and preview the CPI numbers out tomorrow with Allison boxer of pinko, and this is Bloomberg. This is a Bloomberg
Bloomberg Radio New York
"david west" Discussed on Bloomberg Radio New York
"I'm David west and I want to turn back to that story of the Bloomberg broke. What about 45 or 50 minutes ago now that Elon Musk now has sent a letter reportedly to Twitter saying that he will go ahead with his original offer of $54 and 20 cents a share for Twitter stock. To bring us up to speed and to give us as much as he possibly can, we turn now to mandeep Singh from Bloomberg intelligence. So great to have you with mandeep. What do we know? Well, we know that he's probably leading towards going with the 44 billion price that he signed also for. And look, I think there has been enough in terms of what he knew around the board situation. And so at this point, he probably wants to avoid the court situation. And he wants to go ahead with this deal ahead of time. And as I recall, the shareholders, Twitter already agreed to accept that price, have they not? Yes, they have. And so I think it's plausible that you're going to see an affirmation of the thing that the contracts have assigned and in this case must go probably bring about changes to do with the company once this goes through. But I don't expect a material change in the terms of the deal at this point. Well, but you raise a really interesting question, I think, bendy, but if in fact he's going to buy this company on this company, what is he going to do with it? Because a lot of people have speculated how is he possibly going to monetize it particularly given the amount of money it appears that he's going to have to borrow to buy it. Yeah, so if in the deal and as part of what the banks had disclosed around the deal, we saw his long-term view on where he could take the company in terms of DAUs and monetization video subscriptions. But look, his focus being around the bots and the cost structure of Twitter my senses, the mediate impact of it would be more on the cost side in terms of cleaning up the cost structure focusing on the bot situation. And yes, there will be a more emphasis. But the ad side, I mean look, all the companies in the ad space have been struggling. So Twitter is no different and they will continue to be pressured on that front. Man, do you have any sense at all given this new news? How quickly this deal could close? My sense is this could happen in a matter of weeks if everything goes through and look the terms are most likely not going to change. There is no change in the price tag. So it could change it could close before the end of the year. It's fascinating. Does this have any effect do you think men deep on other large social media firms? Yeah, so what we have seen in the market is in terms of the valuation multiples, they seem to have inflected. You see SnapChat and meta and Google and look, there will be market volatility. But in terms of the estimate, stabilize. So maybe Musk has seen that all the social media assets have sort of inflected and we've found the bottom multiples at which these stocks saturated and from this point on probably things will improve in terms of how market values. Okay, Mandy, thank you so much for jumping on on this breaking story that's men deep sing from Bloomberg intelligence on the Twitter deal that Elon Musk is back after now. Coming up, we're going to go back to Syracuse
Bloomberg Radio New York
"david west" Discussed on Bloomberg Radio New York
"This is balance of power on Bloomberg television radio. I'm David west and we're going to report on the markets now from Abigail Doolittle and I'll tell you, I thought this was going to be a very different story a couple of hours ago. It's really turned around. Yeah, this is a turnaround Tuesday in the direction that at least stock bowls were not hoping for it because we did have the S&P 500 earlier up about 1.6%. Now it is down 7 tenths of 1%. This has everything to do with the reversal in yields. That ten year yield earlier had been down ten basis points as you heard there were reports that Jeffrey gunlock was considering buying bonds or buying bonds. That seemed to create a little bit of a rally. But now that's reversed. And then to your point, we were just talking off air. It is now a 15 basis point reversal to the upside. So this dislocation in the bond market really suggests that investors just traders so wrong in terms of what the fed would do that they would stick with their message that they are going to hike. And in fact, right now, the forecast is for the fed funds rate at the end of the year to be four 24, 4.24%, which is just really stunning. It's just they're going to continue hiking. Well, I also wonder Abigail and this is speculative. Whether this is sort of a test on geopolitics versus the fed. In this sense, and we've got the news out of Europe now on natural gas, which is not good at all. And in another world, I would think maybe people would run to bonds. U.S. treasuries would be a nice safe harbor. Yeah, well, it tells you the fact that because that's a good point, that some of that bond buying earlier could have also been that situation. And let's not discount or not talk about also just the human tragedy. And appearing people in UK that the price of electric blankets has gone so high because they're nervous that they're not going to be able to stay warm, but the fact that you at this point have rates going the way of the fed, the hiking suggests that the fed trumps everything, including the U.S. economy, you know, another piece of negative news, of course, is we have the first drop in a year over year basis for a month over a month basis too for the case show or the housing market. After Powell, just last week, so we're going to see a correction. So when you put all of this together, it's pretty negative. The S&P 500 below its intraday low. It suggests more weakness as a head. But you always say
Bloomberg Radio New York
"david west" Discussed on Bloomberg Radio New York
"Radio. I'm David west and I'm going to take a look at the markets right now and for that we turn to credit Gupta as a critic as I look at it. We've got equities down and also yields that at the same time. You know, it's interesting. When we see something like this, immediately you think this is some sort of flight to haven. But I would argue that these are two completely different stories across asset currents here. Well, they're not on the same page. Let's start with the equities market because a lot of that is coming from SnapChat earnings and Twitter earnings, social media, and ordinarily, I think on the surface, it's fair to say social media is kind of its own universe. But I think it's a little bit of a macro proxy as well. And that if you are losing advertising revenue, it's because there is a lack of faith in the consumer that if even if you do use that advertising revenue, the consumer isn't going to be spending the consumer isn't going to be buying. It was the same concerns in 2020. The same concerns in 2021 when we were talking about supply chain issues, for example, where people were saying, we don't even have the product to advertise. So why bother advertising at all? But this time it's coming on the demand side. So there's these SnapChat talk about those headwinds Twitter talk about those headwinds and then SnapChat go as far as to not even issue third quarter guidance. You can really see that has spooked the market with SnapChat shares. I think down about 40% from their peak, Twitter shares under pressure and, of course, following the entire trend this week of tech people slowing down hiring. So as you say, it could be because we don't have faith in consumer back in the days when I was at ABC managing things. You also saw that companies cut back their advertising spend first. I mean, there are two are related, but it's basically is a company deciding they can't be expansionary right now. They got to pull in their pull on their troops a little bit. Right, which almost explains what's going on in the bond market, but perhaps a separate driver when you look at the eco data, for example, we got some pretty weak PMIs here in the United States. Some weight PMIs overnight in Germany as well. We did certainly get a little bit of expansionary territory in the UK and in France as well. So that is good news that not the entire Eurozone. It is in trouble taking out the UK, of course, not part of the Eurozone, but the point is you are starting to see some weaknesses and you are starting to see some contraction and immediately off those moves. You're seeing bids into the US Treasury market, which would explain this 8 basis point move lower on the ten year yield. So where we're going to end up the week, this is Friday, after all, are we going to have an up week in the equities? Well, right now, we are still up about 2.6% on the week. So it would take a lot to change that. But anything can happen as we know in the last couple of weeks. Well, there's been a lot of moving on Fridays in particular, right? They're absolutely. So it would have to take about 2.6% further dropping to erase this week's gains. Well, don't understand, I'm not rooting for it. I'm just asking the question. Okay. Thanks so much to critic Gupta. You can catch pretty again at 1 p.m. Eastern Time on Bloomberg markets where she is she will be anchoring. Coming up Brian deese, national economic council director will join us to give us his perspective and The White House's perspective on what is going on right now in the economy. Both respect to inflation and the prospects of a recession. That's next on
Bloomberg Radio New York
"david west" Discussed on Bloomberg Radio New York
"I'm David west and Rick Davis and Genie Chan xeno stayed with us as we continue to talk about politics and particularly right now the politics potentially coming out of the January 6th committee. We're going to have more hearings this week, including another prime time hearing. So Jeannie, what do you expect to have? I guess the one tomorrow is merely what the Proud Boys? It is. You know, tomorrow is the 7th hearing and they're trying to tie the administration, Donald Trump to the oath keepers to the Proud Boys and so they're going to focus in on that. They still have an understand formally released to the live witnesses will be, but they are saying we may hear some tape from the pat cipollone who testified on tape on Friday. So we may hear parts of that, but I do think the effort here. And I think it's going to be a really important day because they haven't yet been able to tie directly. Trump and the administration to the people who actually stormed the capitol. So I think that's what they're going to try to do on Tuesday. And then another life hearing Thursday night is the schedule. So I'm not sure rickwood comes out of this, but is there one thing for sure, and that's that Kevin McCarthy made a mistake. That is to say we've heard from just one side, and I think they thought it would just be partisan nobody pay attention. That doesn't seem to be the case, including even former president Trump seems to be getting a little nervous. Yeah, I think that the impact, especially the last hearing with Cassidy Hutchinson, really sent home a message to Republicans and leadership that you're not going to be able to bottle this up. And there's no question there's a lot of looking through the rearview mirror right now. Donald Trump encouraging his people to not worry about executive privilege, which was the cloak that he tried to put over everybody's cooperation and allowing people like Bannon to testify and cooperate with the committee to tongue lashing that he gave to McCarthy for miss handling this thing. So he's trying to put a little bit of toothpaste back in the tube. But the time has run out as Jeannie said, hearings on Tuesday and Thursday are going to continue to focus in on his actions and his ability to manage the situation and those 187 minutes between the time the crowd attacked the capitol and when he finally urged them to go home. And that's an important 187 minutes in our democracy. Yeah, and you know, I keep thinking back to when we first heard they were going to do these hearings, and I don't think I had much hope that they would be eliciting much important information. They might be boring, but I do think the committee has done a masterful job of telling this story. And so I do think that's why we're seeing this concern from Donald Trump in taking, you know, McCarthy to task for doing something he wanted him to do because I think like many of us Donald Trump felt these would be seen from partisan lens. And while I do think they are to a certain extent, they are also telling a really important story, and the fact is people are watching and paying attention, the big question as we think about the midterms was does it have any impact on the bin terms? I don't think we know that yet. So Rick one inside baseball, and I don't mean inside politics baseball. I mean, inside television baseball, if you want to get a rating, I put Steve Bannon on in live TV. Is that a good move? Because that will be good television, whether you like him or don't like him. Well, I think the committee now is under some pressure to put another voice out there other than the sort of pre prescribed made for TV, witnesses that they've had to date. Now, that doesn't undermine the credibility of those witnesses whatsoever, but now that Bannon has put himself on the line, why
Bloomberg Radio New York
"david west" Discussed on Bloomberg Radio New York
"Bloomberg headquarters in New York City. You know, what's interesting, Ellen zettner, though also went on to say that she thinks, well, a recession is inevitable. We see them. It's all cyclical right Tim that the thing is that it's going to probably not happen by the end of the year. And I mentioned kind of squeezing at the end there, which he said is that it's so slow to slow the economy enough to get a negative jobs gain will be tough before the end of the year, especially when you're still creating 300,000 jobs per month. So, you know, she's looking at the numbers. I feel like you've got to look at the data that's out there to kind of figure out kind of where and when the economy goes next. Okay, two things I wanted to talk to you about. One is yeah, these are economic cycles. That's why they're called economic cycles because their booms and busts. And a recession will happen. We just have to figure out when. That's the first thing. The second thing is that you mentioned the problem is that we're still creating jobs, which I thought was a really interesting thing to say. Because if you're looking for financial conditions tightening, if you're looking for a softening of the economy, then we need the job market to slow down. Right. And Steve Matthews made this point last week on our air. He reports out of Atlanta for Bloomberg news reports on the fed and the economy, and he said, every month, we're creating 400,000 to 500,000 jobs, and recessions do not happen with that job growth. Exactly. So this is why when it comes to the timing of this, it's going to be tough. Wasn't it Larry summers who told I think our David west and perhaps that said that in terms of the jobs, unemployment that we might need to let that get higher than normal because you just got to kind of rein it all in and to help bring down some of those inflationary pressures because wages certainly plays into those inflationary pressures. Or people have jobs, they feel confident about it. They have incomes they have salaries. They're going to keep on spending. All right, so more data we're going to get it this week and next week, of course, is the jobs report. Next Friday. Which you will phone in and call from your video. I'm going to keep up with it on my Bloomberg mobile app. I'm going to look for your text. All right, we're going to get back to the markets in just a moment. Right now that we do want to get an update on roll the national news over to Nancy lines in D.C., hey Nancy. Thanks, Carol, the House committee investigating the January 6th invasion of the capitol has been hearing
Bloomberg Radio New York
"david west" Discussed on Bloomberg Radio New York
"And Bloomberg television and radio I'm David west and we have some breaking news right now The data according to the Dow Jones some data from the flight recorder on that China eastern airline they've crashed over in China is indicating that it was intentionally flown into the ground that it plummeted on purpose someone in the cockpit apparently flew it into the ground The shares of Boeing are rising on the news and will keep you up to date on this as it develops In the meantime I want to turn to the subject of COVID Dr. Laura foreman chief of emerging medicine at Kent hospital and Rhode Island is here with us now to give us an update on where we are with COVID Thank you so much doctor for being with us COVID is rising again There's little doubt about that How bad is it up in Rhode Island What are you seeing in the hospital We're definitely starting to see it rise again David You know cases are rising hospitalizations arising Deaths haven't been rising as quickly this time as they did in the last surge but we're certainly feeling the beginnings of another surge here And what has it manifested himself How much of it is hospitalization Someone is just cases and dare I say how many is deaths So far most of what we're seeing are cases and fewer hospitalizations proportionally than we have in other searches but we're certainly seeing a lot of them We haven't seen a lot of deaths yet That haven't been said even the minor cases here Sometimes are pretty serious People are out of work for weeks People are still getting long haul COVID So even though hospitalizations aren't rising as quickly with this one it's still a pretty dangerous variant What about the treatments we're told about like pax sloven I think is one of them from Pfizer Are they effective Some of them are effective for some people But none of us is a cure And I think the danger with it is that people hear that there's treatment and they think well it's okay if I get it I'll just get treated and be okay and that's not necessarily the case that we're moving in the right direction but we certainly don't have a cure Does it have any effect on long COVID We're hearing increasingly cases about long COVID in the terrible effects that that has Is it likely that treatments if they're administered quickly might reduce the risk of long COVID There's potential for it but I think it's really too early to know The problem with trying to determine that in the pandemic is all of the science is still evolving So I don't think we know that answer yet And one of the questions we have is what needs to be done in terms of national funding for COVID As you know there have been proposals upon Capitol Hill They haven't gone through yet for various reasons I spoke yesterday with senator majority whip dick Durbin about the COVID Here's what he had to say about the failure to enact that legislation We went through the early stages of COVID where the president at that time was arguing that it was a hoax and it was going to go away on its own in such and we saw a million Americans lose their lives as a result of it Shame on us if we can't get together on a bipartisan basis and pass the measures which we need to pass to promote vaccines and Therapeutics to make sure that whatever.
Bloomberg Radio New York
"david west" Discussed on Bloomberg Radio New York
"Television and radio I'm David west We want to check it on the market Particularly tech because it's really been taking a beating this week Apparently because of those yields on the ten year We turn now to our colleague Ed ludlow So Ed thanks so much for being with us from San Francisco What is going on with tech People don't love it right now Yeah two sides to this story really I mean we're off 7 tenths of 1% on the S&P 500 with information technology communications the worst performing sector And we heard really fed speak right New York fed president John Williams saying that the pace of tightening or the outlook for rate hikes could be sped up with 0.5 or half percentage points And you see there a spike in yields U.S. ten year yield at 2.8% after a few days of kind of retracting a little bit But then you look at some of the specific movers the points move is on the NASDAQ 100 SP 500 Tesla one of the big points laggards And of course that is a very specific story tied to Elon Musk and Twitter David Well I was hoping you take it to Elon Musk It wouldn't be fun if we didn't go there So tell us about this hostile takeover event I feel like I'm back in the 80s Yeah It's almost unprecedented I don't know if you remember a time that an individual not an institution or an NC but an individual said they'd write a check for $43 billion but Elon Musk is offering $54 20 cents in an all cash deal for Twitter It's conditional on financing he says and it's his final offer he says and you know the reason I brought up Tesla as well as Twitter Twitter shares higher Tesla softer is one of the hypotheses from the street is that Elon Musk might have to liquidate some of his Tesla holdings in order to finance that deal We don't know the specifics but we do know that Twitter is considering it Yeah he's worth $270 billion but that's not in cash Let's be clear about that He doesn't have that running cash But I noticed that actually the stock is trading significantly below what his offer was Does that mean the street doesn't quite believe it Well actually I just look at my Bloomberg we're now flat and just kind of dipping into negative territory on Twitter down four tenths of a percent I mean the other hypothesis from the street is that Elon Musk is basically outlining in the regulatory filing that this is a final and generous offer you know there's a premium to where shares are trading at around $45 a share right now But it was only a year ago that Twitter was trading at 70 to $75 a share And so there is a feeling among sell side analysts in particular that this is a low ball offer and that he will despite what he said in the filing comeback with a higher offer at some point In the meantime we're going to hear from Elon Musk because I understand there's a TED Talk coming up in a few minutes TED Talk coming up at 1245 Eastern Time from Vancouver and we're told that we're in for a surprise We'd be disappointed if he didn't surprise us I think at this point Thank you so much to Bloomberg's Ed ludlow Coming up keeping the homeland safe safe in the wake of attacks.
Bloomberg Radio New York
"david west" Discussed on Bloomberg Radio New York
"I'm David west and the markets are having a bit of a rough go of it today down overall apparently driven by track but you know what he's going to tell us about it It's pretty good So creative what is going on Yeah well driven by tech but all 11 sectors are actually down on the day So once again the immediate reaction is that perhaps this is a little bit of fear coming from perhaps a fourth rate hike being priced into the market But if you really look at where a lot of the selling is concentrated to your point it will be a lot of big tech But remember tech leads us to record high tech also leads those corrections and we haven't actually had a correction on the S&P 500 going back to really 2020 and it was the September tech wreck right before the election A lot of election related volatility And since then kind of had these shallow pullbacks of 5 or 6% at most The NASDAQ however I think we have a terminal chart about this for our TV audience before our radio audience all really just described but the NASDAQ has actually had corrections They have dropped to 10% and now we're actually looking at about an 8.6% drop from peak to trough when it comes to the NASDAQ So once again tech really driving us to those record highs but also driving those corrections The thing that we really want to keep an eye on though is how quickly are these dip spot A lot of this selling is driven by hedge funds at the moment according to Goldman Sachs prime brokerage data But you have to kind of also keep in mind that the retail folks well they're not really involved in the selling But also explain why it's so much tech Is it all rates Because now we have the ten year one 78 or so Yeah well part of it is going to be about rates Remember the sensitivity to rates isn't as high as it was in February of 2021 when you were seeing ten 14 basis point move Right now the ten year yield I believe is up just about three basis points But if you look at the move on a much wider time frame you have actually seen the ten year the ten year gain about half a percent in just one month So once again really gearing up to price in three rate hikes maybe even for So as a practical matter we're seeing a rate hike whether they do it or not if that does it or not we're seeing the markets give us a rate hike Right absolutely So the first rate hike is priced in for basically march But the question is is that fourth one priced it And that's going to be where you're starting to see a lot of the dispersions I'm going to nerd out here for a second David bear with me Please But if you look at the fed funds contractor if you look at the Euro dollar strip it's actually pricing in 3.8 rate hikes Goldman Sachs over the weekend calling for a fourth So it really is anyone's guess how many but he certainly seems like the markets are really just bracing for that fourth one And CPI and Wednesday And CPI and Wednesday just one more inflation metric which will kind of perhaps give us a little bit of a clue whether we should be worried on the tech front but also I'm gonna throw this on the last bit here The crypto front as well Very reactive to those inflation numbers Thank you so much to critic groups of the report on the markets Coming up U.S. and Russian.
Bloomberg Radio New York
"david west" Discussed on Bloomberg Radio New York
"That is a Bloomberg business flash All right Charlie thank you so much Charlie of course breaking down the markets because we are seeing reaction to those latest fed minute top meeting I'm hitting minutes I can't say that General Motors though certainly in focus we've been hearing from U.S. automakers global automakers about U.S. auto sales over the last couple of days Yeah and look also I think a lot of questions too about what the supply chain looks like for 2022 and what the chips look like for 2022 and to what extent the U.S. automakers are going to be able to navigate that complex path Jam popped on expectations that it may not be too bad The stock was up 7 and a half percent yesterday It's down 2.7% today They've been making some announcements at CES as well about their participants in the EV race because that's a big thing That's huge It's not just Tesla these days of course you have Ford and General Motors and they're going all in on it Yeah we're going to talk about that a bit later on our Bloomberg big take is about Toyota Volkswagen They're going after Tesla They're going after Elon Musk when it comes to the EV race We mentioned General Motors stock is up already about 9% so far this year some optimism Right now our David Weston Bloomberg radio and Bloomberg TV getting ready to sit down with GM's CEO and chairman We're talking about Mary Barra Audiences worldwide I'm David west and joined by my colleague roam in Boston And we welcome now the chair and CEO of General Motors She is Mary Barr coming to us from Detroit Mary congratulations We've all been waiting for it The Silverado I've been asking you about it You finally announced it So I guess my questions are when can we get it and how fast are you going to be producing them Well we're going to bring them to market as quickly as we can We anticipate that we'll start with the work truck variant and that will be available in spring it next year and then in the fall we'll have the RST and we're going to work to get them to customers as quickly as we can And the reception you have to tell you David has been great The first edition of the RST sold out in 12 minutes and reservations are still coming in So we're super excited about the response that we're getting because this is a ground up EV truck that has so much capability We're so excited to share it with the world So Mary congratulations on all the people ordinary There's the demand there At the same time as you know so well you're a year or so behind where Ford is with the F one 50 How are you going to catch up and maybe as important is it important for General Motors to catch up with Ford when it comes to the full size pickup Well you know David when you look at the EV race we've already had the bolt out for several years and now the bolt EUV were shipping hummers right as we speak the Cadillac lyric will be out in just a couple months and then early next year we're going to have not only the Silverado but we're going to have next year The Chevrolet blazer EV SUV as well as the Equinox So I am so excited about all the electric vehicles that we have coming and that's why I'm so confident by mid decade we will be the leader in EVs with the battery plants we have with an assembly plants that we're putting in place in with the models and the volume segments of the market We are going for total leadership here What Mary with regards to the accessibility of some of these vehicles not just the vehicles the GM makes but a lot of your competitors these are still relatively expensive vehicles that can sometimes cost 50 $60,000 or more once you get them fully loaded here When do we get to a point where we see a little bit more price accessibility so that we see a little bit broader adoption of EVs Well I think that's why it's so important that we've got the Chevrolet Equinox EV coming out because it is so important to get to your point into that affordable part of the market the 30 to $40,000 is a huge volume segment and that's exactly where we're targeting the Equinox and it's going to be nicely equipped when people when we reveal that shortly just not too long into this year People are going to see just how much value they're going to get for that starting price of $30,000 And I think that's when you're going to see that huge adoption especially with the work we're doing to make sure that there's adequate charging So I'm super excited to get those affordable EVs into the marketplace because as you know at General Motors we really want to bring everybody in And we know that a big part of making this more affordable is of course improving the drive chain proving the batteries to the point where they are a little bit more economical to produce and as a result that brings down the cost of the car How far along are you in GM's development of that technology And of that battery manufacturing where you can have some confidence here that the price can come down meaningfully for consumers What we have that confidence when you look at the previous generation battery technology are using on the bolt EV and EV to what we're launching with all team first with the Hummer then with the lyric then with the Silverado the equinox and the blazer that's coming on our new generation of altum technology that is already 40% less expensive than what we have with a bolt And we believe by midday decade that will be 60% and we're continuing to work with a number of different technologies and with partners to make sure that we're going to have leading edge costs from a battery perspective which allows us to have the portfolio and then scale will help as well and that's why the Al team platform is so important because whether it's the equinox or the Hummer we're taking it off the alt and platform and that's giving us tremendous scale which also drives costs down As you said that Silverado behind you there for those of you watching on TV It was built from the ground.
Lakers Nation Podcast
"david west" Discussed on Lakers Nation Podcast
"I think I had an honorable mention was the Avery Bradley Balkan, I believe Kelvin Johnson. I think in the first quarter, came over the weak side, rotated over Matt Johnson at the rim stuffed him completely. So now again, the inverse is also true. When you see big guys doing guard stuff, when you see going through big guy stuff, that's all Josh hart. Defending bigs in the post. Josh hart is an immovable guy. You know, this is a deep, deep cut, but David west talked about how he knew he needed to retire with Josh hart on the retired David west. That was epic. He was the catalyst. Yo from YouTube said Sekou is literally in our system and right under our noses, LOL, NBA experience in young legs. Don't think Vogel would do that, though. So secret Dubois, yes, in theory, 6 8. He fits the physical profile of what you'd be looking for on the wing, but if the Lakers aren't using him, it's for a reason. There's something going on that she's not quite clicking yet with him. I think there will be opportunities for him. And if he can play, he'll get in there because the Lakers do need a player his size that can do things, but something's just not quite there at this point for the Lakers not to turn to him right now. I think it's important for fans to realize that guys are available for reasons. Second boya obviously has draft capital. He was a first round pick, spent some time in Detroit and has shown flashes. But you know, once you get traded to a team, and then you get cut, and then you're picked up on a two way contract. You know, this is kind of the leagues way of saying that we think you have talent and we think there's some upside there, but you're not quite ready to play games just yet. If the if this was the Lakers of old, where they're not a championship contender or at least not trying to play for a championship and they're rebuilding team, then you obviously will see more psycho debuted type of minutes. But given where the team's at right now, I don't think you're going to see them unless they're getting blown out or they're blowing out teams. That's just kind of the reality of the season. So I don't expect to see a much garbage time minutes at this point. Exactly. Somebody said, let me see. There was a comment here. Oh, somebody asked for an update on Trevor ariza and another update on Kendrick nunn. So let's finish up with that. So ariza was ruled out for about 8 weeks. The Lakers it was released that he would be reevaluated in about 8 weeks. And that was roughly 5 and a half weeks ago..
GSMC Basketball Podcast
"david west" Discussed on GSMC Basketball Podcast
"One. I got the los angeles lakers. I mean come on. it's lebron. Anthony davis russell westbrook. That's one of the best trios at this. League has to offer. And then when he talks about the depth that they now have bringing in carmelo bringing into white. Trevor rees Leak monk wayne ellington kendrick. Nunn tayla norton tucker coming back can bays more. They got the debt now to go along with that top heavy team and i really do feel like this team is going to be the best in the western conference and one of the favorites to win the entire thing so until someone proves otherwise. I got the lakers at number one. And that's going to wrap it up for this segment so You know make sure you stick around with because when we come back going to talk about the top ten indiana pacers of all time. Right after this is your ultimate stopper. Everything sports the golden state media concepts or podcast. Should i say more from the nfl. Melby the nba. To 'em it's all in here. Golden state media concepts sports podcast. Listen welcome back to the gmc basketball podcast. If you missed the last segment we talked about the power. Rankings of the western conference talked about how these next tallies team stop stack up for next season because want to check that out. Please go ahead and do so. However now. we're gonna talk about the top ten indiana pacers of all time in this franchise but it has been around for a very very long time. So you know this. This team has a lot of players that are on this list. Lot of guys. Who helped lead this franchise to aba championships. So you might not know a lot of guys on this team. But i will explain them to you until you how. They made it as high as they did on this list. So without further do let's get started with number ten someone you might know pretty well. David west david west spent four seasons with the indiana pacers. And was a thorn in my side as that guy was so instrumental to the indiana pacers team of the early twenty tens. I mean just playing alongside roy hibbert. Paul george of course was george hill up lance stevenson. That team was one of the biggest threats to the miami heat dynasty of those early twenty tens and david. Wests was one of the most consistent players for that team. Whether it was his intensity on the boards his relentless his underrated passing and that mid range shot that he was so butter with he averaged fourteen points a game. Seven rebounds two point eight assists point eight steals and point eight blocks in his four seasons on just under forty nine percent shooting from the field. He didn't really extend his range of the point line. But anywhere in that mid range. You could bet your money that david west would be open and making his shots. I mean he was just such an important piece to that team and just how successful they worry it needs to be. It needs to be stated. Because i feel like his time. There was underrated in a lot of ways. Because roy hibbert got a lot of Notice because he. I think defensive player of the year one year and he was. You know one of those good stories of a guy that can came out of paul. George obviously being the superstar land stevenson being kind of crazy and and being a wild x. Factor for that team but david west was always just a very solid performer and was always showing up in big games and he was just one of their most important players needs to be mentioned. So that's why david west comes in at number ten at number nine. We have the flying dutchman error. I guess the the the the dutchman dunking dutchman. I think that's what they call him. Rick smits played his entire twelve season career with the indiana. Pacers averaged fifteen point game six point one rebounds and one point three blocks on about fifty one percent shooting. Now i understand. Rick smits being seven three. You would expect him to average a lot more rebounds however he was one of the more skilled big men in the league back then and his ability to space. The floor was unknown to big men at that time and he wasn't uncoordinated. He wasn't one of those guys that as got taller. His coordination dropped. He actually had all of that. Mike his ability to pass fake look for nice open. Shots his his. You know his. Iq was you know very very high. And any also was very physical. That's why he was able to stand up to guys like shaquille o'neal and patrick ewing in those In those playoff series that they had in the nineties You know. Rick smith was a very very good for indiana. Made it to an all star team made to the all rookie first team as well as he kinda started. Right away after there was an injury to the franchise center at the time forgot his name. But rick smits is a fan freight favourite for the indiana pacers and he comes in number nine for good reason so and number eight. We have one of the first. Aba players from the on this list. And that's freddie lewis. Freddie lewis played eight seasons for the indiana pacers franchise averaged sixteen points four rebounds forces and one point one steals per game on just under forty percent shooting. He won three. Aba championships with the indiana pacers. was in ab playoffs mvp. One of those years and made it to three. Aba all star appearances. Freddie lewis could do it all as you can see from stat line and to be able to shoot the ball and sixteen points a game in eight seasons and did a little bit of everything rebounded. The ball was it was a solid playmaker compla- hard nosed defense. There was really not much lewis. Couldn't do and the number one thing about him. Was that whenever it came to play off. Time 'cause like i would look at those playoff stats compared to like his regular season stats. And he always took it up a level he was a big big part of every single. One of those championships. And that's a big reason. Why freddie lewis is one of the better known players in indiana pacers history. I mean obviously you know people of our generation you know. I'm twenty seven. I wasn't even thought of when this guy was being was was playing basketball. Wasn't even in the minds of my parents. So that's how long it's been since. Freddie lewis played basketball. And that's you know that's why i don't know much about his game but just from what you could see when you look at his stats. You look at the way. He raised his game in the playoffs. You knew this guy was a big time player. He was a clutch player and a guy that stepped up time and time. Again for the indiana pacers franchise when they needed it most. And that's why. Freddie lewis comes in at number eight another member of the nba championship teams. Got roger brown. Roger brown played eight seasons with the indiana pacers as well Averaged eighteen points a game. Six and a half rebounds and four assists per game about forty seven percent shooting. Roger brown at small ford was what was a very very versatile player. Me as you can see in one of the best that lines on this entire roster in on this entire list i got a standing to be able to average eighteen points. A game over eight seasons on solid efficiency while rebounding the ball pretty well and and having been a pretty solid playmaker roger. Brown can pretty much do it..
Bloomberg Radio New York
"david west" Discussed on Bloomberg Radio New York
"Pandemic effect on air travel. With quarterly results from JetBlue and other big airline I made Korean W. W. J in Detroit. I'm reporting Ford will start making an all electric Mustang in China. Man. Those are some of the stories are 2700. Bloomberg journalists and analysts working on this morning around the world Now is lawmakers in Washington haggle over stimulus spending. Bank of America CEO Brian Moynahan says any measure needs to be targeted. He spoke with Bloomberg's David Westin, and here's what he had to say He's stimulus dollars can be spent much more precise, and I need the last Case was a good one. In that it went unemployment to the unemployment. Some supplement their this $600 under 75,000. Those air those air, good items and future similar sodomy. Likewise scared because otherwise you gets diminishing returns and then you have the issue. How you pay for long term and The issue of whether it creates inflation. But there's a lot of pent up savings and we expect a good second half the year now. It's just Miss Take everybody makes is they talk about all the economic snake. Forget there's one simple question. Which is we have to win the war on the virus, and right now we're going in with a much better. It's situation from a fight and that we have this vaccine and this vaccine is going into people's arms, and that then changes the course this and yet that's still out there. But that's a life in a tunnel that wasn't here this year last year in the summer and spank of America's CEO Brian Monahan, speaking with Bloomberg's David West, and when it comes to that vaccine effort, the U. S has administered more than 25 million shots. You can keep track on the vaccine tracker. Online at Bloomberg. Calm this, his Bloomberg That's it. It's a new year and with T Mobile..
WIOD Programming
Pennsylvania Supreme Court dismisses another election case brought by Republicans
"Court striking down a Republican lawsuit to toss out more than two million mail in ballots. Speech justices unanimously dismissing the case led by GOP Congressman Mike Kelly, in a concurring statement, Justice David West writing They have failed to allege that even a single mail in ballot was fraudulently cast or counted. At least
10% Happier with Dan Harris
Tara Brach: Making it RAIN
"Tar. Brock is a giant in the meditation. World and deservedly so she's got a PhD HD in clinical psychology. She treats people one on one and in psychological or a therapy setting. She also has done deep Buddhist teacher training and has gone on to found the insight meditation community of Washington which is an immensely popular community center in Washington has extremely popular podcast. And she's got a new book. It's called radical compassion so that's her bio but before we dive into the actual discussion. I want to read you a little bit of what I wrote about her. In my first I book ten percent happier because it's going to be up a lot of what is interesting about what follows in this conversation so I I encountered her when I went to a this is before I even and really started meditating that much I went to a meditation event here New York City and she was up on stage. I had a bit of a negative reaction. Here's what I wrote. The opening opening speaker was a woman in her fifties named Tara Brach. She had long brown hair and pleasant Semitic features. She was holding forth in a creamy clawing tone. The style was astonishingly effected artificially soft and slow as if she were trying to give you a rocky massage with her voice she exhorted us to love ourselves. Quote Unquote invited us to close our eyes and trust in the Oceanus in the vastness in the mystery in the awareness in the love so that you could really really sense. Nothing is wrong with me. I couldn't bear to look over at Jason. That was the friend I brought to. The event who I imagined must be silently cursing my name Brock. It closed with a poem that dramatic pause and finally a self serious Soto. voce thank you. So that's what my first impression of her was. I then ended up going back to the event the next day and to my surprise Tara ended up explaining something that was deeply useful so to me. I was aware of the basic theory of how mindfulness could work that. You could view your feelings non-judgmental but they didn't really understand how to apply it in my life and she explained it in a way that knocked it out of the park so when we read that section to my profound surprised. The person who unlock this mystery for me was Tara Brock driven by some unfathomable masochistic urge. And even though I knew mark my friend Mark Epstein wouldn't be speaking I had dragged myself self back to the ballroom for the second day of the conference at First Brock was driving me nuts with all of her ostentatious head bowing bell ringing and Nama stay saying but then she redeemed herself. She nailed the method for applying mindfulness in acute situations albeit with somewhat dopey acronym rain are Dr for recognize a for allow I for investigate and for non identification recognize self explanatory using my David Westin example. Sample David West and was my boss at the time in those moments after are even in the best light quite ambivalent meeting job number one was simply to recognize my my feelings by the way I had recently in this in. This story had a meeting with my boss that was my then. Boss was semi successful. Jabber one was simply to acknowledge my feelings. It's like agreeing to pause in the face of what's here and just acknowledge. The actuality said Brock. The first step is admitting it allow is where you lean in the Buddhist. Were always talking about how you had to let go but what they really meant is let it be or as brock put it in her inimitable. Way offer the inner whisper of Yes. The third step investigate is where things got truly practical sticking with the Western example sample again he was my boss at the time after. I've acknowledged my feelings and let them be the next move. would be to check out how they're affecting my body. Is it making my face. Hot My chest buzzy my head throb. This strategy sounded intuitively correct to me especially given that I was a guy who's been diagnosed post war. Depression had manifest itself in flu like like symptoms. The final step not identification meant seeing that just because I was feeling angry or jealous or fearful that did not render me a permanently. I angry or jealous person. Those were just passing states of mind. The Brock plans seemed eminently workable to me at as grading as she had seemed at first I now found on something comforting about her manner. She was after all a trained professional in both Buddhism psychotherapy that's Connor who had spent her life helping people? I realize is with a hot blast of self directed opprobrium that yet again I had been unfair. Okay so you're going to hear me. Talk to Tara about her. Her feelings about what I wrote. Yes kinda almost done. I promise you're going to hear me. Talk to Tara about her feelings about what I wrote and then over the course of the interview we're GonNa come back and ways they were very meaningful eating. I think to both of us to how I reacted to her feelings. And we're also GONNA talk about a lot more including her new book about how to use this rain technique in your own life so now to the delight of Connor. I'm GonNa shut up and here. Is Our Brooke. Nice to see you and you. I think this is the second time we've met. The first time we met in. My memory was backstage at some meditation event. And I remember being a little hesitant because I saw you there and I thought I made fun of her a little bit in my book and I didn't know how it was going to go but then you gave me a big hug. So a where are we with that are you. Are You mad at me for the little. It was actually a really great experience for me. Because you know everyb- it's fame and disrepute and you know and you made fun of me some and you also appreciated the thing that most matter to me. Which is the practice of rain and I figured you know I can survive this well? I've talked about this a lot a lot on the show. So my apologies to folks had to hear me hold forth on this too much but I got a three. Do you know what a three sixty review is. If you've ever heard I got one and it basically all the people in our many of the people in my life anonymously commented on my strengths and weaknesses and one of the weaknesses was being judgmental. It'll actually called myself out for that. I just read the passage where I described you in the book and at the end of the passage I basically say we. She's introducing reducing me to this incredible technique. Which is called rain which will dive into and look at me? What a judgmental jerk I am but you I think were really an early victim victim of mine On the score in the meditation world and there was a message for me in it too. Because I'm basically out to wake up and be able to to present things in a way that are going to reach people and I suspected for you my way was had too much of a A A kind of Louis to sweet flavor and I realized. Oh there's going to be a message. People like Dan that that's the way they receive it and I think as we keep ingrowing we just get more flexible ways. We present things so there was room for that. Yes I agree I think yeah you have a way of talking about this that works for hundreds of thousands of people my way of talking about it or thinking about it or acting it out in the world is very different and that's the importance of having many folks out there talking about the Dharma land on this new to me too. It's really it's really exciting to me. Actually and it's exciting when the dialogues happen because basically we're free when we all stretch say more go. Yeah the more first of all as a teacher. The more flexibility I have in how I present things in the more sensitive. I am to the different ways. People receive things the more effective I can be and as a practitioner For instance this morning I was talking to my husband about a book that right now. I'm Reading For the twentieth time. And it's I am that by three nurse Saga Datta and it's a book about non dual reality about seeing how it really constantly looking at. How am I getting identified right in this moment like really seeing past The coagulation of self often recognizing okay. I'm not this particular personality. I'm not this body and recognizing a larger sense of being and so we were talking about at that and I then I just said you know that is fantastic when my mind is quiet enough but if I'm caught in some anxiety for me to say oh I'm not this. Anxiety actually is a subtle way of pushing it away and what's more important as for me to feel the wave of anxiety and in some way I say okay this belongs this is part of this is a wave in the ocean you know and to actually feel it an opening to it and not resisting the identification actually dissolves so the pathway taught in the book that I'm riveted by right. This moment isn't the pathway at any given moment Qatar will at work for many people when they're stuck in a certain way so it just having that Keeping the whole domain of practice actes fresh though in any given moment. There's a an intuitive way to respond to what's arising now that actually deepens freedom and not going by road really is is actually what works in the most deep ways
San Francisco Chronicle Sports - Spoken Edition
Meningitis threat scared team in March
"You're listening to the spoken edition of the San Francisco Chronicle. Meningitis threats scared team in March by Connor Letourneau, five months after the warriors. David west alluded to some unreported adversity that the team had encountered on its way to a second straight NBA title the issue in question finally has been revealed, according to the athletic Golden State dealt with a team wide meningitis scare in mid March. The concern stemmed from an outside vendor. Who prepared the teams food daily after contracting? A contagious bacterial form of the disease. The vendor took time off to fight it eventually returning to work with the team per the athletic. The scare was at its height between a road game at Minnesota March eleventh and a home game against the Lakers March fourteenth the team went to great lengths to ensure that the disease didn't spread to its players and coaching staff. Most warriors players and some members of the basketball operations staff got vaccinations, Golden State, even. Move to practice to oracle arena while it's practice facility. Located at the top of the Oakland convention center was sanitized the practice facilities team dining room. Also was closed briefly for cleaning forcing players and coaches to eat elsewhere doctors address, the warriors about the situation and try to ease any concerns about the meningitis spreading this all came early in the warriors late-season rut when they dropped ten out of seventeen games and were candid about struggling with complacency. They also were dealing with injuries to multiple key players making the health scare more worrisome. It was just a serious health scare where for me. It's just something like, wow. West now retired from the NBA told the athletic that was in my mind at the time. It was the entire team that was affected. It was crazy. It was the heart of the season. It was something that again, it showed the strength of the organization that had got through it to win the title, though, the organization declined to comment on the. Thematic story. A team spokesman confirmed its details. Injury updates forward. Draymond green has been ruled out for the rest of the team's road trip. He's not gonna play on this trip. But he is making some strides Golden State head coach Steve Kerr said after shoot around Monday at state farm arena. He had a good workout this morning. Everything is positive. He ramped up his work. But the timing just won't allow him to play on this trip. I think it'll be shortly thereafter, Green's been dealing with his cO issue for almost four weeks. Not including the November thirteenth win over Atlanta that he missed because of suspension Green's been sidelined eleven of the past thirteen games including the past nine by injury. The warriors have two more games Wednesday in Cleveland and Friday in Milwaukee before returning to the bay area. Head of Monday's game against Minnesota at oracle forward. Alfonso. Mckinney has missed the past nine games, including Mondays with a sore left foot. However, he's prob. Table for Wednesday's game in Cleveland.
PTI
Colin Kaepernick's collusion case against NFL heading to trial
"An arbitrator just. Check the NFL's hope for the dismissal of Colin Kaepernick collusion gays. So the case will go to trial, opened up the possibility of settlements more than before on the part of the NFL in running out of the show. Let's go to the big finish the NCAA down, no violation and Michigan state's gymnastics football or basketball. I know the legal system is spoken. Any find any wrongdoing, our belief
CBS Sports Radio
Kevin Durant leads fourth-quarter comeback
"Row for k d in the fourth quarter he ends up with 37 points eleven rebounds and this is according to warriors pr this is a six thirty point and rebound game of the year and he had fifteen of those 37 points in the final seven minutes i saw good tweet from on the warriors outsiders cameras a grant or driven goes drew it said people actually said that kevin durant to the wears is a bad idea could you imagine i mean it's going to disrupt the chemistry it's not get a word give me a break and you know we've now had katie here in the bay area for coming up on two seasons now and in a while is appreciated what he was able to do in oklahoma city to watch his game evolve here and golden state to watch the way he spaces out the floor to watch him use his size and his athleticism and that long stride that gazelle like stride to his advantage and he's such a factor on both ends of the floor matter of fact 2 blocks tonight for kd new career high for blocks hundred and six on the year his previous was 105 back in 2012 and that block on bertrand's where he came back and and honored him down i reach we did that at ryan kobe that's the it's the the camera shot from behind the goal and so you just see kd and mike foale predator mode hunting down bird transit just gobbling up so good to see and nice to see kevin durant stepping up in in staffs absence and picking up the w because you know it's a shorthanded crude night spurs or a desperate basketball team and you know a great popovich team is always going to play its off so for the warriors to kinda rally in the fourth quarter yeah this is a game they should win but no way guo dhaleh no curry for 46 minutes in this game no david west you still without jordan bell no patrick mccaw so this is just a good win man and.
Good Day USA
Will North Korea Really Come to the Table?
"You by happy influential conversations from bloomberg television here's david west it for more on this story in north korea were now join the full muslim bloomberg seoul bureau chief peter pay could welcome to the program let me pick up with it's a diplomatic breakthrough is it a breakthrough because we've hurts things that are encouraging from north korea before the break in diplomatic however we may be seen whether they're north korea will actually he'd come to the table at have talked i think we we put before uh but often deep in late to buy time for them and they developed the program months so far the south korean special envoy even pitting dictate that they read it breakthrough uh that uh at least taylor told by kim himself that he was willing to top the us as well as south korea and included top about didn't include i think north korea and how much do we know peter about exactly what was said as i understand their emissaries from cell to one of the pyongyang they came back and said that it lisa principle it appears that kim jungle in may be willing to perhaps moss ball has nuclear weapons heats there's a guarantee multilateral the course of security for north korea condition what that wind that the held for a long time which was that you need coordination with not negotiable no matter what hear more interviews like this one on bloomberg television streaming live on bloombergcom and on the bloomberg mobile app or check your local cable listings global business news 24 hours a day at bloombergcom the radio plus mobile app and on your radio this is a bloomberg business flash for on the bloomberg.