27 Burst results for "David Westin"

Fresh update on "david westin" discussed on Balance of Power

Balance of Power

01:37 min | 17 hrs ago

Fresh update on "david westin" discussed on Balance of Power

"Equity sell off continues Nathan Hager the labor shortage appears to be getting worse Bloomberg daybreak For many this ongoing death ceiling debate is nothing more than political fodder Wake up with those The news this morning is in Washington On Bloomberg radio the Bloomberg business app and Bloomberg radio dot com This is bounce power on Bloomberg television radio I'm David Westin Washington is moving toward using bank regulation is one of the tools on climate change Something that bob litterman wrote extensively about when he was chair of the CFTC's climate related Mark risk subcommittee He is now chair of the risk committee at kapo's capital and we welcome now to Bloomberg So thank you so much for being with us Bob you've written literally the paper on this It's a long paper I read at least the executive summer of it Yesterday we saw from Janet Yellen that the F sock has now declared climate change as I understand it a systemic risk That's something you recommended in your paper So now that they've done it what comes next Well now it has to be implemented by all the different regulatory agencies in the U.S. We also have to coordinate with regulators globally to make sure that what we do here in the U.S. is consistent with what's going on globally I would say that the Europeans in terms of their approaches have been ahead of the U.S. so they set up for instance the network for greening the financial system the U.S. Federal Reserve has now joined that the SEC is moving forward with rulemaking the CFTC has set up a risk committee And so a lot of the recommendations in the report have already moving forward And of course one of the recommendations we made in the report is that the financial stability oversight council the F sock which really has the responsibility under dad Frank to identify and address emerging risks to the financial system they have said yes indeed this is an emerging risk to the financial system not just in the U.S. but globally it is a systemic risk and it has to be addressed So I think it's terrific They're moving in the right direction And I was very pleased to see this So Bobby is concrete as you can with me It helped me understand this If I'm running a bank a big bank or a small bank and it might be different for the two And the F stock follows through on this the Raiders follow throwing this How does it change my life Is it a matter of reporting what I understand to be the possible climate risks of the loans that I'm making Well look there's a lot of changes that are being made by all kinds of corporations banks included and they're going to be having to disclose more information as risks are growing Climate related risk that is There's transition risks As you know there's also the physical risks from climate change that are just starting to be felt by various different corporations in different ways The banks if you look at the way they're behaving today versus the way they were behaving 5 years ago it's been a complete change There's more research being done on the impacts of climate What does it mean for different types of corporations So they're creating all kinds of research for investors to understand this transition They also have the risks in their own loan portfolios and so on that they're starting to understand and monitor better And then the reporting is something where they need leadership from the SEC and other financial regulators particularly with respect to scenarios So one of the real key differences with respect to climate risk relative to the financial risks that banks and other financial institutions have been dealing with for decades the difference is that we haven't had any experience with climate change in the past We've had a lot of experience with the types of risks that financial institutions face including credit crises and so on But we are just experiencing more and more impacts from climate change whether it's the heat waves and the wildfires or the flooding and bankruptcies We just a couple of years ago had PG&E which was really the first climate related major bankruptcy And there'll be more of those presumably going forward And so banks and other financial institutions are going to have to monitor this better and report on it better There has always been a requirement that these financial institutions disclose material risks The question for climate related risks is what is material And the kinds of analysis that have been done historically in financial institutions to ask what's material usually focus on relatively short term events And does a bank or other financial institution have enough capital to withstand an event with respect to climate related risks It's not one event that we're worried about It's increasing events of many different types affecting many different types of institutions And so we're going to have to look over longer horizons And we're going to have to do different kinds of analysis And so the banks themselves are going to be working with regulators to understand what types of scenarios and what types of reporting do we need to do going forward One last one on that just to that very point because it's over a longer time horizon It's a lot more factors to be considered That's one thing for one of the big money center banks I mean they are dealing with a lot of these things that day in and day out Should we have the same regulation applies to the small local or regional banks Because they might not have the resources to really figure out the climate No I don't think that makes sense And I think that regulators understand that And they will be starting with the major institutions on be working with them They want to have input and they want to have a dialog with those institutions The other thing I would say is it's very likely that the regulators will have different types of requirements for different industries or at least work with those industries to understand what are going to be the significant impacts on that industry What's going to affect banks is going to be very different than what effects autos or what affects utilities or oil and gas companies So there's a lot of work to be done and I'm sure that the disclosures will improve over time The other thing I would say is that there's an awful lot of work being done by private companies and academics and others to try and understand what types of information will be useful and it's not disclosed information for the purpose of disclosing information It's for making important risk related decisions And so the information has to be comparable It has to be you have to be able to aggregate it and so on So there's a lot of work to be done And it certainly will start with the major institutions at the not the smaller one Sure sounds like there's a lot worth it on Thank you so much for getting us started on that work that's bob litterman He's kept us capital founding partner It was a breaking news now The Supreme Court of the United States has now agreed to hear oral arguments in the Texas abortion case You remember and this first time up they declined to deal with it because they were a procedural issues with it It's gone back down to the federal district court The Court of Appeals it's in effect right now in Texas but now the Supreme Court is going to take it up on the merits This is balance of.

Bloomberg Bob Litterman Nathan Hager Bloomberg Radio David Westin Cftc Kapo United States Janet Yellen U.S. Federal Reserve Financial Stability Oversight Washington SEC Raiders BOB Bobby Mark Frank Supreme Court Federal District Court
Fresh update on "david westin" discussed on Balance of Power

Balance of Power

01:13 min | 18 hrs ago

Fresh update on "david westin" discussed on Balance of Power

"Quick take This is a Bloomberg business flash Stocks are down weighed by big tech names and comments from Federal Reserve about tighter monetary policy The S&P and the NASDAQ retreated after fed chair Jerome Powell said the Central Bank's on track to taper its asset purchases and would raise rates if it sees serious risks of higher inflation expectations The S&P is down three tenths of a percent down 16 the NASDAQ is down over 1% down a 155 and the Dow Jones Industrial averages little change up 6 The ten years up 1730 seconds the yield 1.64% West Texas intermediate crudes have a half a percent at 82 93 a barrel with comics gold up four tenths of a percent at 1788 70 Let's take a look at the yen one 1361 the Euro dollar 1630 in the British founded dollar 37 47 That's a Bloomberg business flash now more Bloomberg balance of power with David Weston on Bloomberg radio This is balance of power on Bloomberg television and radio I'm David Westin For Bloomberg first word news would go now to Mark crumpton David thank you very much As you and Emory hordern were just reporting on Capitol Hill.

Jerome Powell Federal Reserve Central Bank West Texas S David Weston Bloomberg David Westin Mark Crumpton David Emory Hordern Capitol Hill
J&J Looks for Partners to Ramp Up Supply of Covid-19 Vaccine

Bloomberg Daybreak

01:04 min | 8 months ago

J&J Looks for Partners to Ramp Up Supply of Covid-19 Vaccine

"And Johnson is looking for manufacturing partners to increase supply of its covert 19 vaccine. Johnson and Johnson CEO Alex Gorsky tells Bloomberg. He wants enough shots for 20 million Americans. By the end of the month. Korsky spoke with Bloomberg's David Westin, Let's listen into some of that conversation now. You've got eyes understand About four million doses ready to go. They came out of your Dutch facility are their manufacturing issues in Baltimore? Are you concerned at all about that? Now Look where we're on track with our plans. We do have approximately 4,000,003 40.9 that are literally on trucks right now being rolled out in the United States. We expect to do 20 million in March. On Look over the next several weeks. We've got to go through regulatory approvals on a few other processes. But then will you expect to hit a very strong cadenzas? I mentioned earlier so that we could be doing We will have done 100 million doses by the end of June and near a billion by the end of 2021 in route to a path of almost two billion by 2022.

Alex Gorsky Korsky David Westin Bloomberg Johnson Baltimore United States
Johnson and Johnson says single-shot COVID-19 vaccine is 85 percent effective

Bloomberg Businessweek

06:39 min | 9 months ago

Johnson and Johnson says single-shot COVID-19 vaccine is 85 percent effective

"What's going on. When it comes to Cove in 19, and more specifically, Pursuit for more vaccines because we've got some big news from J and J Today. In fact, it's our top story on the Bloomberg In the past hour, Johnson and Johnson's one shot vaccine generating strong protection Against covered 19. They did him a large late stage trials, raising hopes that it can rapidly reshape US stumbling immunization campaign. We know the role. It has been really tough, but you've been pointing to the numbers preventing 66% Moderate to severe cases of covert 19, according to the company. Particularly effective stopping severe disease is preventing 85% of severe infections and 100% of hospitalizations and deaths. That's the number you've been focusing on. And it's a big one. All right, let's bring in our guest post op pulls his vice chairman of the executive committee, a change a also chief scientific officer at J and J and he joins us on the phone or actions should say Zoom. From New Brunswick, New Jersey. We also do want to welcome our Bloomberg TV audience. Who is joining who are joining us at this time? Um, Paul, it is so nice to have you here with us. First of all, Thank you so much and welcome. Talk to us about the findings. There's some difference statistics in terms of the efficacy. What is it that we need to zero and in on and what's really the most significant your view? So we did a very large study of 45,000 people in the US South America in Latin America in a totally different environment, where now huge transmission but also many variants or presence, and what we saw is that in the high in the severe disease We got a very high protection 85% against severe disease as well as 100% for death and hospitalization, and that across the entire study, including the South African study, and why is that important? That's 6000 people in South Africa, and we found that 90% of this train spread inside African strains, and we got even a better we got from 89% perfection in South Africa against the severe disease that 100% against hospitalization and other begins percent against that, so that shows that the vaccine is applications in in severe disease. Smell us against significant new strains. Given the results of this study, do you expect new and even more powerful variants to emerge in the future? Yeah, we have to stay very vigilant. There's so much fire a virus replication in the world. And now new vaccines being used and the virus is following the Darwin principles. The fittest survive, and they will take over as in in that race, And so you will see probably more variants. But strong immunity, antibody immunity and so immunity probably can overcome that. But we have to stay very vigilant and we have been able to do that with a single does, and I think that is going to be very effective in faster allowed as we are making a billion dollars in the course of the year. Well, let's talk about that. Because when you talked with our David Westin last fall, Paul, that's exactly what you talked about A billion doses you anticipated for 2021. So that's a real number. You expect it And can you give us an idea? That billion dose roll out. What does it look like over the next few months? So at the moment we are, we are setting up many of manufacturing plants in late stage. We are getting approval from different regulators in the world on that, so it's in full upscaling. And as we will deliver a billion over the year, it will be region by region, country by country. We work with the government to discuss on how much will be available when it will come in equivocator, but we are confident that we will be able to make Provide a billion in the course of the year. But what does that mean that? I mean, obviously, you've got get the emergency approval. So give me an idea of what the timeline is. I think we're all kind of Fixated on getting the vaccine so that our life can get back to normal. So what does the emergency approval process look like? And then when you actually anticipate getting vaccines into arms, and then at what rate Them so we will submit a filing next week. So we know that the data now for three days, we We worked on it that we finalized. That's what we published today. Next week will submit And then the FDA and Emma will have to do their work. The European fella to use a U. S agency will start their work and most likely towards the end of February will have an advisory panel bending of course decision off the FDA and then we'll see getting approval. Emergency use approve. Full and then in March will be able to start living vaccine. So you think a realistic timeline for us to actually receive Johnson and Johnson single dose vaccine would be March? It will start in the month of March, but they're also with US government. We have made an agreement over this off for several for 400 million vaccines to start with, I will keep up to that agreement to be able to deliver that. I'm wondering how you see this shot being used in the context of this is you call Pandemic Recovery tool kit, you know, especially fitting in with the Amarna vaccines that we see from during a and Fizer As well. The rollout of those has has been really tough here in the United States. There's been a lot of speed bumps, but you don't have to keep this one at a temperature for very, very cold temperature for a significant period of time. I mean, they're a lot of differences here. How do you see the rollout working in the context of these other vaccines? Well, it's it your point of the right thing. It's a single dose. So it one shot. You get this protection starting day 14 and and if you know, mature, said 28 even lot longer, so that goes fast. And then it It has to do it Celsius, which is normal refrigeration temperature for stability for three months so we can distribute in the country at normal refrigeration, which allows to get fractionated almost in every health care center pharmacy in a very simple way s O and that that will help and the single shot combined with that. And a high efficacy poor for severe disease. That hospitalization can have a very important effect. In addition, very short, very clean safety profile we have. We have not observed serious adverse events. No, an electric shock so further to be evaluated by the regulators. But that will also be an attractive feature with the very favorable safety profile. So that means that people who perhaps have not been in who had been advised against getting Marnie vaccine, This could be an option for them. Be an option, but it will be determined by the authorities who will get access first as this is emergency use application. It's ah, it will be distributed by the government. Hey,

Severe Disease Johnson David Westin South Africa Paul New Brunswick United States Bloomberg Latin America South America New Jersey J FDA U. Emma
"david westin" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:49 min | 10 months ago

"david westin" Discussed on Bloomberg Radio New York

"Michigan governor Gretchen Whitmer have their national Guard troops ready to be deployed. I'm Brian shook This is Bloomberg Wall Street Week with David Westin from Bloomberg Radio include the week as we always do with our special contributed Larry Summers of Harvard's Air Larry. I guess that really big issue this week for the economy was his $1.9 trillion stimulus package There was announced by President elect Biden. You've been the secretary treasure. You've been there when there is a huge package that you had to get out of Capitol Hill. Let me start with the most obvious question. Perhaps where is the most bang for the buck? What is really going to make the most difference in the economy? This is probably the boldest economic proposal since the Great society and perhaps the boldest economic proposal since, uh, the new deal. One way to look at it is this in 2000 and nine the incoming Obama administration proposed fiscal plan that represented filled perhaps 40%. Of the output gap. This plan would be perhaps three times as large as the output gap so relative to the size of the economic problem. We're talking about something more than five times. Aziz large. And that reflects a conviction that surely write that too little was done in 2000 and eight but 2009, but five times is a lot. It also reflect a interesting and I think important desire to combine the macroeconomic element.

Gretchen Whitmer Bloomberg Radio Larry Summers Biden David Westin national Guard Harvard Aziz Michigan Obama administration secretary Brian Great society President
"david westin" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:00 min | 1 year ago

"david westin" Discussed on Bloomberg Radio New York

"David Westin weekdays at noon Eastern on Bloomberg Radio. Bloomberg, But we're World is listening Broadcasting live from the Bloomberg Interactive Broker studio in New York. Bloomberg Winfrey O to Washington, D C number 99 1 to Boston, Bloomberg 1061 to San Francisco Bloomberg 9 62 the country Sirius X M, Jenna 1 19 and around the goal. The Bloomberg business and Bloomberg radio dot com Thiss is Bloomberg markets. All right. We are going to be speaking with Lauren sour check in on the Corona virus and where we're at a lot of interesting stories to talk with the feather about today. First, let's get a bit worried business last from Gregg Jarrett. Stature up a bit Bonnie with Tech shares, recovering some of their losses with about, however, Wall Street is still headed for his fourth consecutive week of losses. Let's take a look at where we stand now, the S and P s up one half of 1% of 17 that as of 3/10 of a percent of 80 and the NASDAQ's up 1.1% of 118. 10 years at 3 30 seconds. Yields 300.65% West Texas Intermediate crude oil's down 7/10 of a percent of 40 04 barrel with comics gold down 6/10 of a percent of 18 65 50 an hour. The dollar Yan is let's see at 105 65 the euros dollars 16 14 and the British pound dollar 26 97 Blink Charging shares are up 15%. This after the company said it entered a working partnership with sustainable Westchester leading nonprofit consortium Look Wilby Scalise and western Westchester County, New York, The charging company says the two entities are working together to exclusively promoting buildout charging infrastructure. In conjunction with New York's nice, sorta and make wedding programs. That's a Bloomberg business Flash. I'm Greg Jarod. This is Bloomberg markets with Paul Sweeney and Bunny Quinn on Bloomberg Radio. Well, funny, we're so fortunate to have on a regular basis.

Bloomberg Bloomberg Radio Bloomberg Interactive Broker Bloomberg Winfrey New York David Westin Gregg Jarrett Greg Jarod Wilby Scalise Sirius Lauren Westchester County Westchester Boston Washington San Francisco West Texas
"david westin" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:34 min | 1 year ago

"david westin" Discussed on Bloomberg Radio New York

"For television and radio I'm David Westin is timed out Markram to because we have Bloomberg first word news David thanking George Floyd's brother told a house panel today he spoke tired of the pain felonies Floyd testified before the house Judiciary Committee as lawmakers consider legislation to change policing practices in the United States they call on them to make it stop and ensure his brother's killing leads to positive change the Republican National Committee may move at least part of its August convention to Jacksonville Florida Bloomberg is one of the R. N. C. hasn't been able to reach agreement with the city of Charlotte North Carolina over the scope of corona virus safety precautions North Carolina governor Roy Cooper says his state couldn't agree to demands for Paul convention due to social distancing requirements president trump tweeted that forced the GOP to find a new location Dr Anthony Fauci calls the qualifiers pandemic is worst nightmare but he warns that it is far from over the top U. S. infectious disease specialist says the virus won't burn itself out with just public health measures Dr fountain predicts that billions of doses of vaccine will be needed China is offering workers on some large state run companies the option of being inoculated with two corona virus vaccines currently being developed Bloomberg is learn deploys intending to travel overseas for work can volunteer to be vaccinated the shots are being developed by China national biotec group for C. N. B. G. the subsidiary of Beijing bass bass Sinopharm group global news twenty four hours a day on air and on quick take by Bloomberg powered by more than twenty seven hundred journalists and analysts in over one hundred twenty countries I'm more Clinton this is Bloomberg David thank you so much mark well secretary of treasury Steven Mnuchin is test on Capitol Hill today he said that there is a strong recovery coming although he does say sooner or later we need to have some more legislation to support that economy welcome now represent a French hill Republican of Arkansas so congressman thank you for joining us give us a sense particularly when it comes to small businesses are part of what secretary Mnuchin's addressing you have some experience with that having been a community banker back in Arkansas right well David thanks for having me yes Steve Mnuchin's been very constructive since April third in trying to make the paycheck protection program the centerpiece of the administration's effort to get people back to work keep workers connected to a job and here in Arkansas over forty thousand businesses and three point nearly three point four billion dollars and help keep people on payroll and connected to a job as Arkansas opens back up so we passed in the house the Senate and president trump signed into law last week some additional flexibility from those PPP law there's a fair amount of surprising not to some people east of money that's gone out already under the PPP program that's going to the right places because we hear some reports that maybe some of the the rich get richer the poor get poorer that some of the companies of the left that and let's put it to specifically in the context of right now today we're seeing really so the effects of economic inequality what do you see back in Arkansas in terms of the banking system and its service for minorities right well thank you for asking that question because we have a national leader in the community development financial institutions space the CDFI space Darren Williams at southern Bancorp he and his partners have been leaders on making sure that signifies got their share of PDP loan access it's always been an important part of my career both in banking and now in Congress I was president bush's appointee on the CDFI advisory board back in the early two thousands so I know the importance to CEDIA posit reaching the unbanked in the nearly on banks around the country particularly in poorer communities so so explain to us what we could do to really Botros CDFI as we've heard a fair amount about them we know some private companies have tried to support we have a fed meeting just today is there the other things the fed can do to really help the CDFI situation well look no CDL bus traditional shareholders but they also have a lot of non profit foundation shareholders that's how they build their capital some of them got in trouble during the eight oh nine crisis they've just been expanding and getting their feet under them after that terrible crisis that our economy went through a decade ago so I would say a regulatory ballots make sure they have access to capital make sure they have training for their staff but I see it in the credit union arena and in the banking arena they're there to serve our low income Americans and Americans who are trying to get a leg up in the small towns in the Mississippi Delta to the inner city and so they provide a valid and very important Nishi and finance in our country congressman you said on the task force the congressional task force overseeing the importation the cares act as we look around the country in different states are in different states of trying to come back online if I can put it that way are you concerned at all about some of the numbers were saying move up in for example Texas and in Arizona yes I think you're going to have different kinds of spikes with the groan of ours doctor felt she is right we don't have a vaccine we don't have the actual therapeutics so Americans are going to have to learn to live with the virus we know so much now so much more than we knew back in late February early March I think Americans have the skills the common sense and the capability to live safely with the virus as we cope with that over the coming days but it's impacting our economy and that's why I think the economic expansion will be uneven depending on where states are reopening and hot spots that develop that we've seen even here in Arkansas and northwest Arkansas and in our poultry processing talents as I say you're over helping oversee the imposition the care sector we heard from secretary Mnuchin but he thinks more needs to be done do you agree with that number one and number two if so what and when yeah David it's a good question.

David Westin George Floyd Bloomberg
"david westin" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

04:37 min | 1 year ago

"david westin" Discussed on Bloomberg Radio New York

"I'm David Westin just a few minutes from now the U. S. treasures to do something it has not done in thirty four years is going to issue some bonds that mature in twenty years take us through the significance of this will go on Michael cookies of course our chief economics and policy correspondent so Mike why is this such a big deal well in part because there's nothing else going on today so the bond market has this to focus on but again it hasn't traded hasn't auctions rather since nineteen eighty six so there's sort of uniqueness to that as well the question is whether this is going to be well received especially given the fact that the treasury is issuing so many bonds over the next couple of years to pay for the deficit do people want them in the twenty year tenor a lot of people say that maybe they do because the thirty year bond remember was interrupted from two thousand one to two thousand six so there aren't really a lot of off the run thirties in the twenty years space right now that would have climbed down from the original thirty year issuance and so if you're looking for that kind of duration particularly if you're a retirement fund manager and you need a twenty year duration you probably would be happy to have this the question is do enough other people wanted to make a deep and liquid market into the treasury to keep issuing it the treasury secretary Steven Mnuchin said they'd like to keep issuing not only twenties but much more the long and because obviously with interest rates so low and the test is it so I they've got to pay a lot of interest costs of rates go up this is a look at my age you understand explain it it may help the trading of these bonds a little bit smoother out of it at the same time address the bigger issue about that demand for US treasuries period because there's just I think it is and it's it's one of the three trillion dollars this quarter something like that they're gonna issue it's really extraordinary and yet the there it seems to be no indication people are getting cold feet yeah it's very strange it by the book you should expect the yields to rise at this point because we're looking at so much insurance and you have to pay people to take them but no at this point the rest of the world wants U. S. treasuries and so do many Americans now that may be in part because everybody's thinking they've got to save so much but you expect more on that at the shorter end you also expect portfolio managers to be taking a thirties because a lot of people retiring but it is an anomaly in a lot of people think that at some point we're going to pay a price in higher yields we just don't know where that is so you get all these people saying well and then T. is right nobody knows of MMT is right either it's just that right now we got enough buyers so a little over an hour of an hour to get the minutes from the FOMC meeting there were about three weeks old but you're you got something much more current because you're gonna get to talk with our Kaplan Dallas fed president coming up that it's just about twenty minutes right now here on Bloomberg so give us a sense of what you really want to hear from Robert Kaplan well we want to know how the economy is faring in various districts around the country as they get ready to re open this is gonna be a story of a lot of different states a lot of different cities and how they proceed through re opening and how anxious people are to get back out and spend money and resume economic activity will companies re open wheel restaurants re open those are the interesting questions and I'll be interested to see what rob has to say about the Dallas district yesterday we talked with the Eric Rosengren from Boston and he said he thinks that they may be going a little quickly even though the Boston district is one of the slowest moving at this point he's worried this is going to be a very long slow recovery you can take a listen here I think they're very much hoping the they'll be a pick up in the second half the year I think in GDP terms there will be a pick up I also think though that unfortunately the labor markets are still going to be pretty weak so in a talk I gave today I highlighted that by the end of the year I expect the unemployment rate to still be in double digits so it's probably going to be significantly down from where we are right now so that was the view from Boston will see the view from Texas is the same J. Powell sort of said the same thing yesterday David that Eric Rosengren said one last question negative rates bill Huizenga interested apparent that is not the fed is not made made that pretty clear and you've noticed that the markets is now priced out negative rates maybe they're starting to believe the fed with a say so how about that okay thanks so much for Michael McKee it's always great to have Mike with us and once again you want to stay tuned because about twenty minutes.

David Westin
"david westin" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:59 min | 1 year ago

"david westin" Discussed on Bloomberg Radio New York

"David Westin will the pandemic is point out the problems we have in our society and our economy we may have no we had but boys really emphasizing how bad they are and one of the areas is in the extreme inequality in terms of financial services available to people that's a MasterCard is working for some time and now they are redoubling their efforts I'm pleased to say we have the vice chairman of MasterCard is also president of economic growth for the company Mister Michael foreman actually ambassador Michael Froman served as trade representative under president Obama so Michael thank you so much for being with us give us a sense of what this initiative is as I say it's an expansion vanished into what you have been doing well that's that's right David thank you for having me about five years ago MasterCard committed to bringing half a billion people who have been excluded from the financial system into the system we check that call last quarter about nine months ahead of schedule and we decided that now more than ever it's important to make sure people have access to the digital economy so we double down we raise that goal now to a billion between now and twenty twenty five he also said it's really important to bring fifty million micro and small businesses into the economy and because it continues to be a gender gap when it comes to financial inclusion women tend to lag about nine percent behind men in terms of being included we're gonna we're gonna focus vertically on reaching twenty five million women owned or women run businesses around the world someone will give us a sense of the geographer geography personnel how many of these in the United States however there are in overseas because master of course is a global company well it about a one point seven billion people around the world who are still excluded from the financial system most of them are in developing countries but there are people right here in United States and in Europe who are also excluded people who are unbanked or under banked their estimates that the new US December twenty thirty and forty million people who have no formal relationship to the financial system so a lot of what we're focused on it but it will vary from country to country as that over the last five years is figuring out how best to reach them sometimes it'll be through government disbursement programs and for example millions of people will get their economic payments from the government on one of our our cards sometimes it'll be working with within tax who have a capability of bringing people into the financial system that didn't exist five or ten years ago will be partnering with other companies a partnership with a group called the women's which is a big coffee trading group that helped put their workers for example in Mexico on digital payments and it means that the worker the other grower the coffee is getting twenty percent more for her product and she might have gotten before because we've eliminated the need to go through metal manacles for cash Michael you mentioned a small businesses as well as part of this it gives a sense what you're seeing with MasterCard extension which small business are drawing down their credit is a pragmatic putting on a credit card or for that matter just not buying things at all maybe with reduced activity well we're simply saying impact here people are focusing on the central purchases like groceries and and and pharmacy purchases there's a big movement from brick and mortar to e-commerce bad but even more people whether it's brick and mortar people are going face to face we're seeing a big rise above the call contactless payments forty percent growth around the world and people going in just tapping the card because they don't want to hand over their car to somebody they don't want to handle cash they don't want to put in a pin number and to be able to just tap and go is a safe and secure way of of making payments of small businesses as you said are particularly hit by this crisis we've committed two hundred.

David Westin
"david westin" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

04:35 min | 1 year ago

"david westin" Discussed on Bloomberg Radio New York

"I'm David Westin we're back now with the Saudi finance minister he's Mister Mohammed al Jadaan we've been talking with about this remarkable move by the G. twenty earlier today try supports of the economies around the world Mr Mr let's come back and go to a little bit more specifics as I understand it important part of this was to suspend the payments on Saturday is this a restructuring do you anticipate a longer term restructuring of some of the debt of some of these countries of course of course David I think the idea is one of the restructuring may take time for bilateral agreements to be put in place we wanted to make sure that we didn't waste time D. twenty undersell dependency have committed to a swift and significant actions immediately so the suspension will give us time will give report countries to consider rescheduling that even at a Leafs from some of the tests throughout the next three to six months that we think would be needed to ensure that we close that chapter so we have a question from a viewer a Bloomberg view here they like to ask you I find it interesting that if you ask is is it possible this crisis might be an opportunity to consider further opening of the Saudi capital markets to foreign capital is that possibly on the table absolutely I mean so the capital markets have been do lack significantly over the last three years no we received fifty significant and what investment from international investors and yes absolutely we will do whatever it takes to ensure that easier access to international investors into the Saudi market and finally Mister minister I can't talk to the official that document well obviously it's been having a very tough time we had the put plus actual global agreement try to curtail production at this point do you anticipate more is going to need to be done to really get some floor under oil because that is affecting the global economy almost as much as the crown of ours at the moment I think it could be a significant agreement accepting deeds has outlined and not only through the LP canopic plus the demons but also participation from producing countries from outside they'll begin to close signifies that the war is the sponsor of faith we need to ensure that markets is balanced as we have been doing for decades the fact that the G. twenty energy ministers had him an extraordinary meeting a couple of days back who will be competitive uncertain and committed to ensuring that market stability is key tools face covered nineteen we would continue because of the language of action is needed to ensure that the market's balances but criticism but also that we interrupt our regular program here on Bloomberg radio David Westin with balance of power mayor Martin E. Marty Walsh of Boston is addressing that shitty situation regardless of the nineteen let's listen a one box and moment with the mall where the in the most vital point in the outbreak with cases surging towards a peak over the next two weeks showing the spread of the virus right now is critical to saving lives that takes every single one of us to act for the greater good every single day so this one Boston day we're asking people to stand together by standing by standing a prime I'm calling on anti abortion community to be there for each other first and foremost by physical distancing hand washing and wearing face coverings when on the public they give you a grandparent or your elderly neighbor think of a health care worker or first responder I think one Boston I believe that we will look back on this week one Boston day twenty twenty is a turning point when we made progress in slowing the spread flatten the curve in Saudi to turn the corner while also providing ways for people to connect and spread kindness in a meaningful way but a safe way at two forty nine PM the old south church which is close to the finish line during its bells in honor of those we lost in two thousand thirteen Martin Lindsay crystal Sean and Dennis I have proclaimed April fifteenth.

David Westin finance minister
"david westin" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:15 min | 1 year ago

"david westin" Discussed on Bloomberg Radio New York

"Power with David Westin on Bloomberg radio and we're taking a look at equity markets up substantially the S. and P. is up four point three five percent right now as I look at the board and to take us through the markets explain whether we're gonna get a three peat out of this is macro man himself he's characterized from Bloomberg M. live markets blog so Cameron thanks for joining us but I get my hopes up here well I I think we the rally was sort of for constable in the sense that towards the end of of the month you often see pension funds rebalance their asset allocation particularly at the end of the quarter and pretty clearly we've had dramatic split in the performance of fixed income equity so I actually wrote a piece a couple days ago saying well Lou Republican going to get a rally here just as these guys sort of pop up their equity holdings and then maybe like all the better their other fixed income holdings I don't necessarily think it tells us very much about next week or the next month or the next in the next quarter unfortunately it's hard to see the day ahead these days is a pragmatic but but just on the topic of the equities is I look at it here the tenure that also they're buying ten years to write they're not just buying use yeah I mean it's it's there's there's a lot of obviously there's there's a lot of parts and we did have sort of a record a record jobless claims number earlier this year was that you know with my form some of the from the technical decisions so it what happened to the buy the rumor sell the fact because earlier today I must say I heard people on the air saying you know what the markets are pretty crazy right now because it's they're selling the the fact that it doesn't seem to be the case when you talk with a two trillion dollar package yes again I I think we beat out some of the numbers that have been thrown out the five the explosives rebounds and stuff are so large really bad yeah I get it I mean I thought one number the three hundred billion dollars in stock the box so the last week of the month so it's really a technical thing in that sense it's rebel exactly that's exactly right that's going to be right the reason is because you're such an expert on this are the markets working right now in this sense if the equity markets as opposed to be some sort of prediction of future earnings the corporations themselves are saying we have no clue so what are people trading on well I think that largely explains the the magnitude of all children because what we we know we know two things is that the center of the expected distribution of earnings for this year has shifted lower yes what it was before the the the code crisis and it shifted broader in terms of certainty I think race now but that I think is essentially what the stock market stock price is lower than the magnitude has shifted more wings are wild this was a wild okay thank you so much for joining us today it's bluebirds Cameron Christ coming up here we'll talk with Karen Harris of Paine who's been tracking the macro trends emerging from the crisis has come up with some interesting maybe even surprising results about how people.

David Westin Bloomberg
"david westin" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:20 min | 1 year ago

"david westin" Discussed on Bloomberg Radio New York

"David Westin Bloomberg radio Congress is stepping in to combat the corona virus outbreak the Senate voted this week on a seven point eight billion dollar bipartisan emergency spending bill to fund the response democratic senator Jeff Merkley of Oregon is a member of the Senate Appropriations Committee and I asked the centre to explain what is in the legislation the FDA subcommittee are focused on the waste of oil the gears the FDA so that it can quickly and promptly in all aspects that includes a drug importation or green importation includes looking at continuous production of key ingredients in the United States or not vulnerable to supplies from outside the United States looks at the ways to facilitate it and move faster the role of equipment and protective equipment and mass and to make sure they were prepared to really facilitate all the steps necessary for development of a virus center if all goes on one thing if you can with us and that is the testing and paternity test kits because we've heard conflicting reports about when we're gonna be testing how many people really testing her children into a million what is the problem with the testing should we be doing more of it is because we don't have the money the challenge that we've had with the numbers is the lack of specificity soul for example it was the vice president coming before the democratic caucus in saying they'll be of a million tests in the mail well no not quite is the answer and by the way if you need a couple tests for each person because of the second test system to confirm the first name means it will be mailed out the clinics across the country when will they arrive and how many will be the one particular clinic or hospital and therefore you have a supply does not use immediately so this was emphasized with the secretary and the vice president dole over state the the response if it means that we'll be able to conduct if you will a hundred thousand tests on Friday of this week and then put it that way some people have a more realistic understanding of how we're responding to are you confident we are on a path right now to get to the point we can test the people just to know what the size of the problem is because the testing goes to we don't really know what the size of the problem is the United States right now might be relatively modest it might be much bigger than we think it is are we on a path to get there and if so do you have any sense of the time horizon for that path well the administration is saying we are on that path but the numbers are very confusing coming from them so I don't have complete confidence that when every doctor will be able to say yes I have a test you have a symptom let's find out that's what people America want to know my impression is says quite a few weeks away before we reach that point but the numbers are coming out as front in many different ways but let's think about a couple key pieces of this one is that people will go to get a test of the think the test is going to cost a lot of money and they can't afford it they have to pay their rent or their mortgage other utilities so really we should as a matter of national policy right now say these tests will be free to those who go and get them that is not an impediment so then they need to make some of that just makes such good sense and we were told that something like forty percent of households in the country can't afford a four hundred dollar emergency and yet these tests as I understand it because two or three thousand dollars is there money in this bill to say.

Congress Senate David Westin Bloomberg
"david westin" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:51 min | 1 year ago

"david westin" Discussed on Bloomberg Radio New York

"With David Westin Bloomberg radio still to come this our income inequality weighs on the economy and on the electorate as we head into an election year but first when is fair use under copyright law really outright theft that's the question the Supreme Court is taking up a case were Google use eleven thousand five hundred lines of code in an oracle application programming interface or API to help it build its android software I talked to John born a partner at the law firm of Kellogg Hansen Todd fungal and Frederick about the case and the larger principles at stake what steak is is it okay in the new technological environment of software to take a short cut by copying other peoples software code if that's okay then then companies like oracle that build their own products will be disadvantaged compared to other companies like Google that just take what other people have built the break it down for me is there any question but that oracle or its predecessor Comey sent had proper copyright protection on the code that was involved is there any doubt that they they they would copy writing properly one of the questions the case is whether software code can be copyrighted but that's a settled issue so that that really should not be much of a dispute the the interesting question is whether Google's copying some of oracle's code for convenience is fair is it a fair use because in some cases a little bit of copying that doesn't harm the original is is allowed it did it makes for progress and Google says that you can make a lot of progress if it copies of a substantial portion to help displaced with oracle built well it does that Levin has a five hundred number if it in fact is accurate is that relevant them because that doesn't sound like a little bit code until it's a lot of code but the the the key thing and that and this is based on a on the very first decision of authorizing fair use in the U. S. just the story of the Supreme Court sitting as a district judge very first use decision the key thing is and how many pages are lines you've copied but what's the effect of the copying of the original work if you if you displace sales for the original that's not fair and that's what happened here now this was made available as I understand to people through a so called API people get access to it why was it made available to people was made available under license so with for some uses with sun and and which became oracle allowed allowed the code to be used and and that was a way to get it out there and get people familiar with the brother kinda uses you had to pay money for it and and Google was negotiating a license is that what it didn't want to pay money apple by contrast and Microsoft by contrast didn't want take a license either but they've they've built their own code so apple wrote its own program Microsoft road it's on program Google having read its own written its own program was unable to license it to to Google so three three companies independently developed a single serve autistic short cut off I'll take with oracle scuttled wild but instead of calling a copying they call it reviews lotus reviews with oracle and as I understand it there were some mobile phone manufacturers like Nokia things who actually paid license fees and Eric Schmidt of have a Google actually negotiated a license to substantial one right but then walked away from it that's correct so the Supreme Court has taken this case and it's going to be a tough one I think this record because the record doesn't usually deal with technical coding issues so much the Solicitor General urged the court not to take it to court took it over the objections was wrote that's not typical and and this was relentless in filed a a merits brief saying that what Google has done is is not fair again the the really old precedent is if you copy enough of an original work to the displaced sales of the original that's not fair Google has a new argument which is they wanna promote competition they want to promote competition against oracle by taking what oracle did they don't cite any antitrust cases but there is an anti trust case in the neighborhood but justice Scalia he's called Cranko which is about lines of telephone service rather than a lines of software code and in in in a really trust case justice Scalia said you don't promote competition by just taking the original and and turning it over to rivals in that case it was at a discount here Google wants it for free it's not a competition remedy just to share something that somebody bill because you discourage people building in the first place you discourage people like apple and Microsoft that want to build competing products if you could take something you won't build your own and the goal of the copyright laws to motivate people to make independent investments and create new works does this get the court into sort of a form of industrial policy sort of picking winners and losers or deciding how much innovation we want to suppose one horse protection of property law we want I don't think so I think it's I think it's a matter of following settled principles under old copyright decisions like justice stories or analogous antitrust cases like justice Scalia's where do it gives substantial verbatim copying is not allowed if you're displacing the sales of the original it's a it's kind of an easy principle to follow that follows the constitutional mandate a let's promote innovation promote people writing their own stuff rather than stealing from one another it's Google loses this on the Supreme Court I assume they're going to have to license the now going backwards in time who calculates the license fee I don't know if the judge or jury question I don't know the answer but I assume it'll be a substantial license be given the popularity of of what they built by stealing oracle's code that was John thorn partner at Kellogg Hansen you're listening to Bloomberg balance of power coming up income inequality weighs on the economy and on the electorate as we head into an election year but what can be done about it.

theft David Westin
"david westin" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:00 min | 1 year ago

"david westin" Discussed on Bloomberg Radio New York

"And radio I'm David Westin for Bloomberg first word news we go now to mark from David U. S. health officials are taking steps to expand corona virus testing across the country the centers for disease control and prevention and the food and drug administration say they will allow state and local health labs to modify a test for the virus that has been plagued by weeks of delays the change should speed testing allow labs to begin using hundreds of kids that were sent out earlier this month rather than wait for new version to be sent vice president pence has selected the state department's top aides official to join the coronavirus response team there were birds was nominated by former president Obama in twenty fourteen as the U. S. global aids coordinator to oversee humanitarian aid programs combating the epidemic she also served as head of the global HIV aids division at the CDC president trump announced Wednesday that pence would lead the administration's response to the coronavirus Australian Timothy weeks was held captive for three years by the Taliban is in Qatar for the signing of a peace deal between the US and the Taliban which was adopted in Kabul in twenty sixteen while working as a professor at the American University of Afghanistan along with American Kevin king week says he was invited to Saturday's signing ceremony by the Taliban the plan to add a third runway at London's Heathrow airport faces more delays environmentalists won a court appeal over an expansion at Europe's busiest airport Heathrow says it needs the extra runway to compete with rival hops opponents say the government hasn't taken into account the impact of climate change the airport says it will appeal global news twenty four hours a day on air and on QuickTake by Bloomberg powered by more than twenty seven hundred journalists and analysts in over one hundred twenty countries I'm more Crompton this is Bloomberg David thanks very much mark.

Europe Bloomberg David Kevin king American University of Afghani CDC Obama vice president David U. S. Crompton Bloomberg David Westin London professor Kabul US Qatar Taliban coordinator
"david westin" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:59 min | 1 year ago

"david westin" Discussed on Bloomberg Radio New York

"David Westin time now for the stock of the hour Disney shares are in the red as the company name to Bob Bob chase back as the new CEO and then years of speculation over who would come after Bob Eiger both men spoke to Bloomberg about chip X. strategy after the announcement yesterday I intend to double down on the exact same strategies that Bob is established fifteen years ago that have served us so well the thing I've really taken away from Bob bikers legacy is get the content right everything else kind of falls so we'll go no Abigail Doolittle for the move may mean for shareholders of the Walt Disney company so what does it mean as I said they're down right now they are down right now you know what's so interesting about what Bob tape it was just saying he's planning on doubling down on Bob Eiger strategy to everybody has known about buyer some point would step down as CEO but I think a lot of people are caught offside by the fact that it was so sudden so abrupt why is that the last quarter relative to streaming was very good of course streaming just happen so that's something to ponder the and I think that is one reason why the stock is down wondering why that's the case the second is why Bob JPEG because some thought that Kevin Mayer the head of streaming could get it but you could make the case and you would know more about this than me and a lot of ways that Bob take a twenty seven year veteran he will be just the seventh CEO act Disney so loyalty clearly a big deal there that could be a big piece but also he started off with DVDs back in the day he then went to retail now he is the head of Parker was the head of parks that's their biggest revenues that segments of that may actually be the reason yeah I know Kevin they are more closely with him he's a very very smart deal maker and is it really been the archetypal other deals with Bob Eiger the bombers just don center Bob J. pick really knows distribution and marketing things like that it makes a single where they think the company goes next that they need more big deals or they need to really execute on the deals the bobs already that's a great point David because of course the biggest deal that was just on fox and then over the last fifteen years Pixar and Lucasfilm and some of these other ones so they really do have that legacy content in place to some extent so in terms of to your point that Bob tape pack more of somebody who can get things done on a day to day basis of specially around these parts let's face it right now with this coronavirus I was just looking at a chart I'm stunned this stock is almost in a bear market from its all time high much of that coming just in the last week on the coronavirus here's a guide showing high of course they've got Hong Kong as well forget about that either in the meantime they also have substantial cruise lines Disney does that is an amazing point that you make there because all the turmoil that we have seen around the coronavirus tragedy and cruise lines when you think about Disney I first think about those parts so as you mentioned it because there's Asian ones we now have the CDC saying it's when not if that could affect operations here but to your point these cruise lines who wants to get on a cruise line right now so they've invested a lot of money there again parks I believe cruise lines I'm not a hundred percent this is a rooted in that thirty seven percent segment that could be a real head the real problem is that they're great assets you know and they'll come through this at some point okay thank you so much to Abigail Doolittle.

David Westin Disney
"david westin" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

07:10 min | 1 year ago

"david westin" Discussed on Bloomberg Radio New York

"Host David Westin thanks so much Charlie palace he spent seven years holed up in the Ecuadorian embassy in London followed by another year in a British jail all to avoid answering eighteen counts in the U. S. criminal indictment the compromise national security by obtaining classified documents the published to the world today began Julian Assange's legal fight in a British court to avoid extradition to the United States to go through the proceeding welcome now my colleague June Grasso and Anna Bradshaw a partner in the London based law firm of Peters and Peters where she specializes in white collar criminal law so for those of us here in the United States and who don't understand the extradition proceedings in the UK give us a sort of a pricey give us a sense of what is required to be proven well the the starting point really is extradition requests should be ground is the ordinary course of action and that is how international cooperation in criminal justice works globally things have been up there are traditional bars to extradition which have existed for almost as long as the extradition process itself so for example a traditionally you would not expect extradition to be grounded for political offenses and you wouldn't expect extradition to be grounded for military offenses many countries still today refused to extradite their own nationals the U. K. is not one of those but that has also been one of the traditionally recognized grounds more and more these days we see human rights type arguments being raised to assist extradition and it's very much on the theme that the TV on the farms the sound the steam appears to be second thing if the classified or confidential secret documents have been British government documents and Mr strontium done this would be subject to criminal prosecution well that's a nice that's the very first test hairs so the so called double criminality requirement has to be satisfied you can only be extradited for enough signs is the sense that you're being sold for that amount to an offence here in the U. K. as well the argument on the parts of the the US government or at come prosecution service here representing the U. S. government is the charges against him in the phones in the US and Britain mountains to offenses under U. K. little computer hacking is an offence under the U. K. legislation on misuse of computers the offenses testing analysis active sensors in the US but first on broadly speaking in sentences under the UK's official secrets act is he specifically being prosecuted for the espionage act charges sorry it says the that would be applied what depends on the conduct in question the need to what's called the transposition exercise for the purpose of that too is criminality test you don't necessarily have to identify an identical found Sunday U. K. little you look at the conduct in question but what house the the thank you person allegedly Tom Underwood that conduct if all things being equal it had taken place on UK territory without conduct amounts to U. K. Francis does it seem as if the defense is doubling down on trying to present this as trump against Songz well it's extraordinary really because in this case taken on a life of its own and there are all sorts of interesting arguments being made to the hottest fine tune in the song says defense team and also lots of people are wading in on the debate here and and call it an unprecedented way and it depends very much on he loves but kind of slammed that they're taking so just by way of example we have a few days ago a straight man members of parliament calling on the U. K. not to extradite because of the harsh treatment Mr functions under the face the Nikkei psychologically speaking that we must develop further and they left her earlier than planned bye a number of physicians and psychologists worldwide cool trend and to Mister songes psychological torture medical neglect in their words those themes are echoed by the UN special rapporteur on torture but we also see other bodies such as the O. S. C. E. indeed the council of Europe highlighting the freedom of expression and stroke media press freedom uncle also raises interesting human rights type arguments the only the only example of this that I've seen so far as an outlier is Amnesty International which interestingly doesn't call for the UK to refuse extradition that calls on the US to drop the charges and I think that's an interesting thing because these arguments ideally should be directed to the US and not to the U. K. just briefly if possible briefly as essentially such as lawyers are claiming it's all political because there was an offer made for some sort of amnesty if you agree that Russia wasn't involved in the two thousand sixteen campaign but the underlying charges had nothing to do with that right they were the confidential documents long predating the two thousand sixteen election yes the reason why they're going down that route and I suspect is because if they can demonstrate the classical and that if they can demonstrate that the prosecution now is politically motivated and that is a bar texture descent and I think much is being made of the delay here and and the casting his extradition specimen case thank you so much for calling June Grasso at the end of Russia of Peters and Peters law firm over in London coming up a run held its.

David Westin
Tara Brach: Making it RAIN

10% Happier with Dan Harris

08:56 min | 1 year ago

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

Tar. Brock Tara Brach Connor Washington Brock First Brock New York City David Westin Mark Epstein Oceanus Depression Qatar Saga Datta Jason David West Soto. Nama FLU
"david westin" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:14 min | 1 year ago

"david westin" Discussed on Bloomberg Radio New York

"Power with David Westin Bloomberg radio bill to come this hour we talked to an all star panel of campaign professionals Rick Davis who ran John McCain's presidential campaign in two thousand eight and Jim Messina who ran Barack Obama's in two thousand twelve but first an incendiary report in the guardian has triggered calls for an international investigation the claim that crown prince Mohammed bin someone sent a private watch app message to Amazon's Jeff basis and that the message included code that led to a massive unauthorized export of data from the business phone I asked David Kirkpatrick founder and CEO of to Connie media what he knows about the story well it's a story that convergence a number of important stories Davos the technology talk here one of the major issues is cyber security is of growing concern to everybody and one of the reasons for that is the quantum computing is suddenly coming on faster than anybody would have expected and yes and when it really gets perfected cyber security is going to be an even bigger challenge but the issue with Jeff pay those as phone which by the way has been validated in in a number of ways a researcher that he hired has done forensic analysis of his phone and bound very strong evidence that crown prince been Solomon did send a message that was had a video that has a secret code embedded in it that probably wouldn't even had to of been clicked on in order to download software engineers phone but with the other traders access to all of this messages and photos and everything on the phone so in the U. land has shown active concern on this with you releasing a report that basically says they believe themselves these are you want top experts that this is what happened and that the Saudi crown prince is likely involved course we knows of all this is the center message do we know whether he knew what was in there I mean what level of sophistication is there is a possibility just some hacker gives a video that had the Senate nobody knows for sure what he knew obviously he's very good at hiding what he does know about anything but the circumstantial evidence is expensive but there was some connection to the murder of your marker show he and the fact that I showed you before his murder was working for The Washington Post which ship date those phones and you know there are also significant pieces of evidence that were cited by the US officials that other associates of job market show you work targeted with similar software during that same period so on this is circumstantial evidence but considering that the US elegant services have concluded that the crown prince was likely involved in the murder of the show he is hardly an extreme stretch to start giving some credence to the circumstantial level it's not just that Jeff is on the washer post with washing has been very outspoken in criticizing the Saudi regime and the crown prince personally because of the involvement in the official G. affair right and then they will surely critical of the Saudi regime even prior to the murder of the show he even be on the show these columns themselves so you know you can see if they could have easily angered the crown prince but but the reason that this seems so likely tied to him is that the video that is now was she found has been found to contain the malware was sent from a what sap account that is controlled by the crown prince and it happened shortly after the conference and Jeff pesos exchanged phone numbers at a meeting they had in the United States and phone numbers of the key connector for what that messages so you know it's it's not true but anything but it's very scary distance at all give what's apple Facebook a black eye or could this have happened to any service well what's up a black light to some extent you know there's this company called SO group based in Israel that has software called I guess this which is known to have been used and purchased by the Saudi government and what traffic has sued that companies for of the fact that they have targeted what's that specifically with what is considered by Facebook to be an illegal penetration and Facebook which owns what sap has had the problem in what that allows that software to function in that way so this same kind of attack would not work the same way today however the the whole industry of fiction encrypted hacking now where that is intended to give it less access to someone's phone unfortunately is a very sophisticated industry but continues to evolve and develop new tools so we can not by any means knows that it's impossible to do this sort of thing the effect it probably still is possible on fortune which Facebook isn't happy about it they have done everything they can to patch it and to go after the company whose software is responsible that was David Kirkpatrick founder and CEO of to con in the media you're listening to Bloomberg balance of power on Bloomberg radio coming up I talked to an all star panel of campaign professionals Rick Davis who ran John McCain's presidential campaign in two thousand eight and Jim Messina red rock about was in two thousand twelve we'll talk about where things stand in the twenty twenty race for the White House this is Bloomberg bottle shop where in the world is the financial news you me do you think that the bank of England will actually follow through where is the business and market information the drive your success this game of chicken is going to end the and where will you find information on political events around the globe is this.

David Westin
"david westin" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

08:15 min | 1 year ago

"david westin" Discussed on Bloomberg Radio New York

"David Westin continue thanks so much chocolate live from the interactive Roper studio this is balance of power I am David Westin one of the congressional initiatives this year on drug prices was legislation to crack down in surprise medical billing something the president trump strongly supported surprise Billings which has been a tremendous problem in this country has left some patients with thousands of dollars of unexpected and I'm just avoid charges for services they did not know anything about so it may be the president liked it but it turns out that the over fifty million dollars was spent to stop that legislation and then it came from medical staffing companies that were owned by Blackstone and KKR something that for some reason was not disclosed to take us through what happened and what went wrong we welcome now Jesse Westbrook Bloomberg financial regulation editor and a special treat we have Jason Kelly here from Bloomberg businessweek as well so welcome to Jesse and to tell adjacent Jesse let's start with you this is quite a story and then it's not very good I think it's very safe okay here by some well so here's what happened KKR and Blackstone but as you mention a couple minute medical staffing companies spent a lot of money on these companies they value them at a combined sixteen billion dollars so obviously a lot of interest in the success of these companies and then they basically got blindsided by this legislative effort last year that is you said was going to crack down on surprise medical billing this basically happens when people get treated at a hospital and all the doctors they deal with aren't covered by their insurance they had no idea this is happening and then they get astronomical bills in the mail this is pretty lucrative for medical staffing companies so any crack down on it would would make the sort of the the the profit metrics of these companies that Blackstone KKR required look less rosy well I have to say kudos to Jesse was broken his team on this story in part just for the sub headline halfway down the story which really says it all bad timing I mean this is coming up at a time David where private equity is so directly in the political crosshairs already it is going to be one of the primary issues it feels like for the Democrats during the presidential presidential election actually right in in this piece and since they have a target on their back yeah twenty twenty but that's the Democrats you're talking about we have the White House domestic policy adviser Jo Grogan in the piece he says the ads are disgusting and are only meant to take advantage of older Americans that that's one of the ranking Republican on the house and your chemistry set it was a dumb strategy sure Wesley a Jesse I don't think that anybody in their side here well right one thing I will say is we do have a president who changes his mind frequently sometimes depending on who you're listening to the changes in mind based on the last person he spoke with and he is very close to Blackstone chairman Stephen Schwartzman's right Travis to I mean that is very they all know each other there will be it is interesting that I mean into your point David and and Jesse to your point they're very few things the Washington makers can agree on but apparently they they can agree on this where these ads effective well the some of the people we talked to they claim they were at the same time I mean well so so so let me rewind a little bit I mean they were effective if you if you credit them for the fact that a bill and surprise medical billing was not passed last year so you know they can say that they had a hand in that the the flip side of that is sort of what you were just talking about Jason which is look Democrats and Republicans in Congress can basically agree on nothing agree on nothing so it's hard really to know whether this campaign was effective in NY the legislation was in past I think there were probably other issues at play you know disagreements on the right approach I think they probably did succeed in sort of muddying the waters a little bit and and causing some lawmakers to waver so you know so they can say yes we have a success because the bill wasn't passed and will live to fight another day this year there there were a lot of bills that passed last year because I ran out of time as you very much and I mean all those bills have fifty million dollar ad campaign but but they still think that they got a shot at getting through by may right they're changing it well the the lawmakers who want to crackdown on surprise medical billing and and as I said there are both Democrats and Republicans and people in the White House you want that to happen they they're adamant that they're they're not done with this like you know that they they they basically told us KKR and Blackstone might a won the battle but we're gonna win the war so you know the fifty million last year maybe a hundred million this year for a Blackstone cake and what I find so interesting about this David impart Jesse and I've been working together on these sorts of stories for years I feel like across the city's incontinence Jesse is this notion that private equity has a habit of doing this sort of like picking these battles that really are the wrong ones in Washington I mean Jesse remembered the they knock down drag out fight around carried interest back in oh seven oh eight I mean these guys basically went to the mat to make sure that they kept paying lower tax interest press always want Dave they've always won on carried into exactly president trump campaigned against carried interest became president chase everybody was against it and what we still have carried interfered interest loop all absolutely no it's I mean it's amazing the ultimate power that that these guys have but as we've discussed it will be interesting interesting to see how much that holds you know especially you know just going back to the Democrats for a second you know Elizabeth Warren has been incredibly vocal about this it feels like the Democrats are can get behind at an anti private equity platform somehow in in their campaigns yeah the larger I think political issue potentially down the road in and wash it is the tie into employment yes that's all those worn gets into it you buy these companies you lay off a lot of people you'll ever Jim up and people lose their jobs which is near and dear to the heart of president trump as well as well as with one that's one thing I can agree on well that's actually interesting David what what you just mentioned there because there that is part of the private equity influence campaign in Washington that that they want to present the industry the create a narrative around the industry as job creator right now that may sound ironic but they claim that we buy these businesses that are in trouble and we make them better so they hire more workers the Democrats you know it's it's a little you know it's it's it's kind of the opposite of what Democrats right eight they rate these companies they they lay everyone off so you know I guess that's a debate that private equity firms claim they think they can win right but it's it's an odd thing to try to own vicious Mitt Romney how that work from a higher and Ohio in two thousand twelve well and they definitely to any Jesse you're exactly right they are doing more and more this me district by district I mean they have a much more coordinated effort the American investment counsel does something they didn't do for a long time and it'll be interesting to see whether they can change that near no one echo which is is a terrific piece Jesse really thank you so much for being with us and aggressions of the visits bloopers Jesse Westbrook but now we need to talk about the four hours coming off of Bloomberg businessweek Jason what do you at all worried we might talk a little bit more about private actually I think we're going to we're also going to talk about Carlos Ghosn wow what a story just Saturday live gotta be who's gonna be Carlos goes I would like for Fred Armisen to come back I think and I think Carl is going to be like he's got the axe is Mexico it was unbelievable so we're actually to talk to Matt Campbell from Lebanon he was in the room for all that happening he's going to bring us up to date also a fitness unicorn class pass based here in New York City it is worth it is just I mean what more could you want and that is really it I mean private equity fitness little Carlos go little intrigue is gonna be cervical that's a lot to look up look for two of the four hours going good it dead we love a doing a little more deep into drive time on YouTube see you can tune in both on your radio watch as well as you know so why would you want what a concept that's terrific okay thank you so much to Jessica hubiera Carol master a Bloomberg businessweek but that's gonna do.

David Westin president
"david westin" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:21 min | 2 years ago

"david westin" Discussed on Bloomberg Radio New York

"Bloomberg's David Westin is that the best information you have an effect we will get an interim trade deal leased by the end of the year I think that's quite possible I'm not sure if that happens before the end of the year or early twenty twenty but that is my expectation at this point is that we'll have one in the next month or so do you have a sense of what's at between us and that deal and specifically me ask you about this numbers on agricultural imports because at one point we thought they'd agreed on that then we heard it still being discussed it right down to the wire is that a major issue between the parties it is a major issue it's a bit of in on the issue in the sense that I think it's really president trump who is focused on the dollar amounts were as the agricultural negotiators on the US side and the farm community is more focused on broader market access in China so it's important as a selling point for the deal but I think in terms of substance there is more than just a dollar figure that's going to matter here and going beyond agriculture it will do you we expected this interview will include some addressing of the intellectual property issues the president trump has raised time and time again it has to but you know I think the way to think about this and this is not my original phrase but you can think of this what will be in this phase one deal as really the twentieth century I. P. issues so it's the classic intellectual property issues that were used to thinking of things like China infringing on trademarks and patents what this deal does not really address is the so called twenty first century intellectual property issues which are really the focus of the trade dispute and those are things issues like regulatory barriers in China that prevent market access for US tech firms in that market and those are really being pointed to a phase two so that means that this deal all in all it is relatively on a vicious in terms of what is trying to achieve so we've been up and down all around and whether any deal what's gonna be in the deal or not talks about some of the things that supposedly were to get in the way one of them is pulling back on terrace how far do you expect the United States to go on that obviously not go for with his number fifteen terrace if there's a deal but how far back will they go in pulling back I think it's a very fluid conversation right now to be honest and it depends in part on what Robert light highs eightieth street representative gets in the final stages of negotiations because what they what they give is going to be what they get so my expectation is that we're likely to see the removal of the September round of terrace which is about a hundred and ten billion which leaves two hundred fifty billion in place so that is half of US imports to China now it could exceed that amount surprised to the upside if the substance of negotiation goes well I am a little skeptical for the time being but it's a very fluid conversations over the course of these negotiations there been quite a few developments including in Hong Kong with the demonstrations there and the passage of legislation at state for review of the Hong Kong trade status and then movement as soon he was rich the Uighurs of possible sanctions against China for its treatment of Uighurs out in the west the country China in both situations said there will be real consequences United States involving trade is that just going by the wayside well I think everyone should remember that these stresses outside of pure trade discussions are really important they I don't think they're going to disrupt this phase one trade deal but there are a lot of pressures on the relationship right now and it means that any deal that the two sides reach is going to be fairly fragile cleaning as we head into high season for the US presidential campaign where both parties are going to be you know campaigning on who's tougher on China so I think it in terms of the Hong Kong legislation the act US moves over at the treatment of Uighurs these are definitely raising the temperature politically Beijing is being quite restrained so far because they do want to give this phase one trade deal a shot I think with all of these stresses and strains in the relationship to you if they make it that much more likely that we're going to get a broader trade deal be on the street is one that seems very unlikely before the presidential election and we're going to see continued measures hi US going after Chinese tech firms potential sanctions over issues like Iran and North Korea a lot happening outside of terrorists so it's important to not just focus on tariffs as a source of risk in the relationship and and for the companies especially the tech companies that are affected by these moves thanks to Michael Hirson Eurasian groups practice had for China in northeast Asia coming up a look into the history of impeachment in the US house and Senate this is Bloomberg adopt US kids presents what to expect when you're expecting a teenager learning the lingo goat G. O. A. T. acronym stands for greatest of all time as in spaghetti sandwiches for dinner there my dad.

Bloomberg David Westin
"david westin" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:55 min | 2 years ago

"david westin" Discussed on Bloomberg Radio New York

"I'm David Westin the securities industry gathers in Washington today and one of the questions for it is what if what if the election year may mean for regulation of the financial markets I spoke with Ken Bentsen he securities industry and financial markets association president and CEO at the trade group's annual meeting earlier today we're highly regulated industry war before Dodd Frank we will be after Dodd Frank and so those issues kind of keep coming and they and they bubble up to the top and then we have issues coming from Europe like method to that we're having to address and then we have changes in the industry I think on the political issues in a word those are starting to seep in a little bit but I think that's probably something will look at as we go into the next year but it's certainly a tough topic of conversation as you gather here and talk about the various issues for specifically related to the securities and should be taken at the larger issues such as for example trade whether it's US China trader of US MCA things like monetary policy we saw president trump meeting with chafe while yesterday how do you take that into account for your industry well it's it's a good question we had center Tim Scott from South Carolina yesterday we talked a little bit about the you SMCA the nafta two point no which we strongly support and it's and I think important piece of of of legislation trade legislation for hopeful Congress and get that done because well it's not specific to financial services in all respects it is in some but also has broader economic impacts the impact the markets would like to see that done likewise on China yeah we've been working for many years to gain better market access for US a US firms operating in China in the securities business in China's made steps in that direction get majority ownership of which we think is important but not much is happening that's now been thrust forward into the debate so were more optimistic in this so I think phase one is what it's called of this US China agreement that would include moving forward on the financial services so again that's very that's very important does your industry take a position on for example some of the issues with respect to auditing and Chinese companies for traders accusing states as you know there's a move afoot to say we really have to look at that because we can't rely upon the numbers we're getting into China it is something we haven't gotten directly involved in that we certainly watch the legislation that's unfolded the senator Rubio and others have put forth it is something that we are you know from corporate finance perspective we're taking a look at how we have a ways and this is a risk to the industry's spears industry possibilities sort of a disentangle men as it were of the capital markets in China and United States well I think we I think there's I think we want to expand the envy of the entitlement if you will of the capital markets between the two countries and in fact we would argue that it's to the benefit of the Chinese economy to have more got direct foreign investment and a broader capital market system we think there too thank dependent over there and and that it for their own growth benefits they need a broader capital market system likewise that benefits the broader global economy by having a Cup of moving forward China so we think there's a.

David Westin Washington
"david westin" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:47 min | 2 years ago

"david westin" Discussed on Bloomberg Radio New York

"This is a balance of power with David Westin rumored radio senator Cory Booker continues to trail believe democratic presidential candidates both in Iowa and nationwide but as the field narrows could give him more space to have his case heard I pose that question to bookers campaign manager a D. so to me see the day coming up court is one of the nine candidates who's qualified to be on that stage and we think of the field narrows are going to be an increasing initially agreed on it attention all the candidates were still out there there are signs of weakness from all the front runners and begin to look for an alternative who can unite the party and be Donald Trump and argued the case has been since day one that Corey is the candidate could bring our party together Russians of moderates good luck to you know Asian white voters bring together not just Donald Trump all the lead to do something big in this country the people in south as the bill nonsense as we get more attention on us we believe they're building organization that you said the magic words unite the party that is a great goal how do you do it he's been doing it our life when he got out of law school anyway he decided to go to the inner city of Newark New Jersey the state law right now people who who needed a champion what he found layers that we didn't need him as much as he needed them to show the power that we this country can manifest when people come together for big things and so it's something he's been doing since he's a city councilman in nineteen ninety eight the time he's been like a senator the only major bipartisan legislation that passed under this president is the criminal justice reform bill that Corey shepherded on the democratic side he showed me the ability to bring people together of different parts in stripes of different ideological stripes and that's exactly what we need in our next president not just be Donald Trump again but ultimately to do big things to create just as an opportunity for everybody and not only a book it does better than anybody else you mentioned the debate coming out the importance for senator Booker to really sort of really break through how can you do that when the candidates that there seem to be going the other way and let me pick on the most obvious example which is Medicare for all does he have to take a position on that or he said no so just come together government in addition on it you said if we were designing a system from scratch that single payer would be the way to do it he also is never going to sacrifice progress at the altar of purity and if he like rock Obama is able to get his ideal he's not he's not going to say my way or the highway he's going to fight get a public outreach unicycle a Medicare and the Medicare age of fifty five zero like a little lower prescription drug costs and so ultimately his condition and the one that I think we're the majority of the Democratic Party is which is like shut out not quite right our ideal but let's not ever say that steps towards that ideal are gonna I'm going to be good for people because ultimately what he's been doing since two minutes of the company New York is fighting for people who need a champion I need somebody to fight for them I talked to speaker Pelosi and she said quite explicitly I'm not a fan of Medicare for all senator Booker a fan of Medicare for all look he's a co sponsor of the legislation preventive care for all he's also a co sponsor every piece of legislation in the Senate that would expand health coverage and ultimately he's forgetting something done these are getting more people healthcare and lowering costs for people you got it and so yes we can we can walk into John gum at the same time here we can set out what we believe is the best possible system that we can also take steps to get their president Obama who that in two thousand nine and two thousand and ten I think that's something that greatly who can't get everybody on the base which is going to agree about something we got to try to find that middle ground that place where Democrats agree we can actually get something done so that people will get one that's not the fight between Democrat on the debate stage the American people actually how to get out of work for them we had we had a series of state and local offices decided the elections as you look at those elections across the country are there lessons in there for senator Booker in your campaign things we saw is that Democrats need to compete and bike everywhere what about B. Kentucky whether that be world Virginia even if this will be what we weren't successful but we have strong candidates coming up fighting alternately getting more votes than we got out last time we can't leave any community behind you can't win voter behind because ultimately I think it does have a little look back hello everybody that you care for everybody it actually spoke to a more likely to vote even those who are likely to vote for you and that's really the top but we've been taking in this campaign as well Cordelia can they going to have if the person house party the Liberal island world South Carolina he's been having a you know community meetings I myself had one in Reno Nevada last week talking about housing and healthcare issues you got to meet people where they are and I think that's something that RD governor elect in Kentucky did very successfully a lot of the project and they were successful and that's not something that we should take all of the Democrats hard as we could get our strategies need no border behind me the Democrat behind if you show up people shop for you senator Booker has qualified for the November twenty debated Lana he is not yet qualify for the December debate if he doesn't make it on the base station December is it over we're gonna make I would I would speak my truth into a group and what we get those thresholds while only a few thousand dollars away from the dollar threshold we can't top one percent in polls over the course of the summer and fall until I believe we're gonna get the date will help budget again were down really down to maybe have a finals with the semi finals are only a few candidates at that increased attention comes I would encourage folks to go to court okay not calm word more about him all that attention comes to us we know we have the map to the candidate that can resonate guess what threshold December and January that was Cory Booker's campaign manager I. D. so.

David Westin senator Cory Booker Iowa thousand dollars one percent two minutes
Tesla's Elon Musk may be in contempt over tweet

Bloomberg Daybreak: Asia

00:50 sec | 2 years ago

Tesla's Elon Musk may be in contempt over tweet

"Well, some more drama at tesla today with the SEC facing a new round of fines on or punishments for allegedly. No, this is actually from the SEC on tesla, which is facing the fines or punishments for allegedly violating Elon Musk's agreement about what he does on social media shares. However didn't fall much on the news less than half a percent. Here are the views of David Westin. An analyst at MorningStar if you're cracked down too hard on them. He might just say I'm out of here. And you don't want that. It's a very tricky balancing act, and you've got a lot of friends family and very strong cheerleaders now on the board and people like Larry Ellison. They're not going to tell the on what to do they believe any long long-term, even so not so good to have your CEO facing, a contempt action from the

Tesla SEC David Westin Elon Musk Larry Ellison CEO Morningstar Analyst
China's economy grew 6.6% in 2018, the lowest pace in 28 years

Bloomberg Best

01:20 min | 2 years ago

China's economy grew 6.6% in 2018, the lowest pace in 28 years

"On that from Bloomberg's Ramy Inocencio. Economists who have studied the US China trade gap say it will be hard to eliminate since. It's caused in large part by US demand. For Chinese products is also not clear how quickly US farmers and companies would be able to meet the increased Chinese demand. Exporting more US liquefied natural gas to China. Could also be tricky because new export terminals could be needed to growth, South Korea's January. First twenty days of export numbers down fourteen point six percent. And there was a twenty three percent drop in shipments to China. Let's check the markets. The Hang Seng index is up a third of one percent. Shanghai composite is up seven tenths of one percent. Stocks are flat in Seoul. And the Nikkei is now four tenths of a percent in Tokyo. Global news twenty four hours a day live in talk on Twitter, powered by twenty seven hundred journalists and analysts in one hundred twenty countries. In Hong Kong, I'm Bryan Curtis. This is Bloomberg. You're listening to Bloomberg best on Bloomberg radio. I'm June Grosso. And I'm Ed Baxter. Volkswagen of America. Ceo, Scott, Keough sees a major growth opportunity incidents and says it's still a segment worth pursuing. Bloomberg's David Westin spoke with Keough. So let's talk about your relatively new job. You had a lot of

Bloomberg United States China Ramy Inocencio Keough June Grosso South Korea David Westin Shanghai Composite Seoul Twitter Hong Kong Ed Baxter CEO Bryan Curtis Volkswagen Tokyo Scott America
Welcome to China, Tesla

Bloomberg Daybreak: Europe

01:38 min | 3 years ago

Welcome to China, Tesla

"Television here's david westin tesla electric automaker is said to be planning on building a plant in china with a five hundred thousand cars per year for more we're joined now by bloomberg opinion collins alex webb from one so alex is this a surprise the texture is going to start making their cars over janet it's actually been telegraph for the wild that they've got they've got something coming in china the thing particularly interesting is the kind of the trend in this is sort of in in the western hemisphere that you know they are struggling to meet production numbers they finally met them in in the last week of june but they also say they don't need more capital building a factory is clearly not a cheap enterprise and it doesn't just they will need more capital in some form how realistic is that they can actually build a plant in the foreseeable future will make five hundred thousand cars they have trouble making cars back here in the united states i mean some slack might say that lessons they've learned from the mistakes they made with the with the park plot in fremont how they can apply those going forwards it might be easier but yes it's very very valid question they you know they not met pretty much any of that targets until very very recently so going from fourteen thousand vehicles which is what they currently sold in china last year to making five hundred thousand that is a huge huge jump hear more interviews like this one on bloomberg television streaming live on bloomberg dot com and on the bloomberg mobile app or check your local cable listings this is big global business news twenty four hours a day bloomberg dot com ticked off on twitter this is a bloomberg business.

China Alex Webb United States Fremont Twitter David Westin Tesla Bloomberg Twenty Four Hours
Scaramucci says trade war, bad

Bloomberg Best

04:59 min | 3 years ago

Scaramucci says trade war, bad

"A four point seven five billion dollar venture with longtime industrial partner embraer a move that will bolster its arsenal in the newest battlefront with airbus and that is the market for smaller jetliners boeing shares up today by one tenth of one percent stocks returned from holiday break with a strong advance led by technology shares even as markets prepare for tomorrow's jobs report and the implementation of fresh tariffs tonight between the us and china s and p five hundred index best day in more than a month of twenty three points up by nine tenths of one percent the dow up one hundred eighty two points up about eight tenths of one percent nasdaq up eighty four pop one point one percent and that's a bloomberg business flash bloomberg best through june grasso and ed baxter vinci a trade war will be very bad for the american worker and for republicans going into the midterm elections that is the thought of former white house communications director anthony scaramucci he joined bloomberg's david westin discussed the trump administration's trade policies tell us about your views on the trade policy the white house because you've been pretty outspoken say you think they'd gone too far okay so listen it's not very clear it's not critical as much as it is a i like the direction of the policy because we've had it balances fifty or sixty years that has to be addressed what i'm questioning or the tactics because they betrayed initiating even a trade battle if you will i think it's going to be very worker former potentially bad for the republican party going into the election so there's a number of different tactics at the president could deploy now that can help achieve the goal all american businesses a great for all americans on concerned about the bellicosity the rhetoric and i'm concerned about putting other politicians in a spot where they can't do anything other than retaliate because they have to look to their various constituencies as well so so i'm hoping that under the surface here david there's a hardcore negotiations going on right now and hopefully it'll be forty eight or seventy two hours that we're going to a potential trade battles flash war the president taken on canada and mexico nafta also taken on europe at the same time what about those tactics of china is really the problem why not marshall all those people together to turn on china and deal with the other issues later well i said as much on twitter i said as much on actually writing a piece on this right now the the president be well served to go to our traditional allies who have same problem with china if you read any of the speeches many the trade representatives eu trade representative say the same issue with china the combined forces of the eu and the united states over a billion people at roughly forty six percent of the world cdp that would be a better topic oh that's a good example another another tactic is to resolve the situation i think the president is close up express last week of reluctance he decided to deal but he's there signing the deal with strengthen the stock market it would fortify our closest neighbours it would come down that system that rhetoric then he could switch gears at focus on china i think the end of the day even the chinese recognize that they've taken advantage of the system and the world trade organization to the world trade organization the country since the year two thousand there now the second largest economy and so they recognize it there has to be a ratchet put it place to to the position that they deserve today so thing that can happen the rhetoric causes a brief flex if you will reflect city on the part of other leaders so hard at the top level at twitter fair jerk reaction if they hit back even though that the president is right as it relates to the balances and so two very good course corrections in the last ten days one was the child separation policy was on lowering the flag as a result of the of the tragedy that took place with the people that were were killed fortunately and so he did adaptive guy he's an entrepreneur and i'm hoping he uses all the tools in his gearbox here shifted to the white ear where he could avoid a problem for the market economy data you watch the market every day and you don't wanna lose the psychological benefits the.

Embraer Airbus Industrial Partner One Percent Seven Five Billion Dollar Forty Six Percent Seventy Two Hours Sixty Years Ten Days
U.S. top trade diplomat says 'nobody wins' trade war but readies China action

01:46 min | 3 years ago

U.S. top trade diplomat says 'nobody wins' trade war but readies China action

"Global breaking news network for twitter in the oil market wti crew jumped more than two percent in new york that was on reports of an unexpected decline in inventories last week the api data was said to show the largest drop since early january wti crude right now sixty three eighty three we check markets every fifteen minutes here on bloomberg no trading at the cash market in tokyo given a market holiday there it is the first day of spring in hong kong hang sang better by one and a quarter percent shanghai composite is ahead six tenths of one percent the kospi higher by less than one tenth of one percent and in sydney the asx two hundred is ahead one tenth of one percent us ten year treasury last quoted in new york at yield just under two point nine zero percent global news twenty four hours a day powered by more than twenty seven hundred journalists and analysts back to bloomberg best as the us considers tariffs of up to sixty billion dollars of chinese goods investors are going word of a trade war bloomberg's david westin and alix steel spoke with equity group investments founder sam zell for his views how concerned are you today that we could end up in a trade war with china well thank the good news is the china is done so well off of us that they have real motivation maybe greater than we do not have a trade war when china was admitted to the wto the assumption was that the concessions that were made to make that happen would encourage china to become more profitable more middle class and therefore more like the developed world unfortunately that hasn't happened.

Twitter New York Bloomberg Sydney United States David Westin Sam Zell China Tokyo Hong Kong Founder One Percent Sixty Billion Dollars Nine Zero Percent Twenty Four Hours Fifteen Minutes Two Percent Ten Year