17 Burst results for "David Weston President Biden"

"david weston president biden" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:38 min | Last month

"david weston president biden" Discussed on Bloomberg Radio New York

"Now, a global news update police in Mississippi say a man is in custody after stealing a plane and threatening to crash it into a Walmart. Tupelo police chief John quokka said the suspect Corey Patterson made a farewell Facebook post after losing contact with negotiators. The pilot posted on Facebook a message in an essence that said goodbye. At this time we know he was getting close to running out of fuel. In addition to charges of grand larceny, guac has said federal charges are likely coming. There's no timeline on when the Artemis one moon rocket could launch into space. That's according to NASA's administrator. After a second attempt was scrubbed today, Bill Nelson said, will go when it's ready. A top ally of former president Trump is a non board with his idea to pardon those who took part in last year's capital riot. Speaking to CNBC, senator Lindsey Graham said pardoning the rioters seems to reinforce the narrative that it's okay. That's the latest I'm Julie Ryan. Your listening to balance of power with David Westin on Bloomberg radio. I'm Joe Matthew in for David Weston, President Biden delivered a fiery speech to the nation attacking Donald Trump and maga Republicans this week from Philadelphia's independence hall. My degree Republicans have made their choice. They ain't brace anger. They thrive on chaos. They live not in the light of truth, but in the shadow of lies. But together, together we can choose a different path, we can choose a better path. The president also saying that so called maga Republicans are working to undermine elections. They're working right now. As I speak in state after state to give power to decide elections in America to partisans and cronies, empowering election deniers to undermine democracy itself. I will not stand by and watch the most fundamental freedom in this country to freedom to vote and have your vote counted and be taken from you and the American people. But President Biden's intensified anti Trump message also risks deepening America's political divisions, something I discussed with governor Glenn youngkin from Virginia, one of the most notable post Trump Republicans on the national stage. He's been traveling the country to help raise money for Republican candidates, and I asked if he thinks the maga wing of the GOP is a threat to democracy. I was stunned at how divisive this speech was. And at a time where people across America and I know in Virginia are worried about some of the most basic issues rising inflation and trying to make ends meet, crime and oh, by the way, education challenges. And it's a time when, in fact, we've got to focus on these issues and our president jumped out and was incredibly divisive, trying to pit Americans against one another. And what we learned last year in Virginia is that it's these most important kitchen table concerns that when we bring when we bring common sense solutions to them, we can bring people together. When I won last year, it wasn't Republicans against Democrats. We won the independent vote. We had lots of Democrats come with us. And at the end of the day, this is a time when we've got real issues run away inflation. I mean, let's be serious. We got real challenges and inflation. We've got the fed having to move aggressively in order to slow things down. And Jay pal came out and said it's going to hurt and yet we've got our president trying to divide the nation. And I just think it's time to put all that down and to focus on these most important kitchen table concerns that Americans and I know virginians have and we can address them with common sense solutions like we're doing in Virginia right now, getting taxes down, funding law enforcement and focusing on education. So you're reject the president's message, but that was a stark warning from the president of the United States governor. Do you believe there are anti democratic forces in the Republican Party? I believe that we have people who are searching for leadership. And the leadership comes and it comes at a time when we need to be focused on these most important issues. Not calling each other names and trying to divide the country. I mean, when we look at when we look at what's happened over the course of the last couple of years, we've seen our economy fall from having been a good one to a real challenge to one inflation running away, crime really challenged. We've got a crisis at the border. We've watched America actually really fall from the national from the international scene in leadership. And I think Americans broadly recognize this. We can see it in the president's job approval ratings. He's got just terrible job approval ratings, and at a time when we're heading into the midterms, what do you do? You change that you change the narrative. Well, let's go back and talk about the economy. Let's go back and talk about schools. Let's talk about crime. Let's talk about the border and let's come up with real solutions to these most important issues. Let's not call each other names. A new poll from quinnipiac university governor shows 70% of Americans who was 67% to be exact. Think democracy is in danger of collapse. When you see a number of that big, do you worry that our institutions are under attack? Well, I just feel like that entire poll question is an odd one. I mean, America's democracy is not going to collapse. We are, we have seen tough times historically where we've worked through it. This

President Biden Tupelo police John quokka senator Lindsey Graham Julie Ryan David Westin Bloomberg radio Joe Matthew David Weston Trump Virginia America Corey Patterson governor Glenn youngkin guac Facebook Bill Nelson independence hall maga Walmart
"david weston president biden" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:04 min | 4 months ago

"david weston president biden" Discussed on Bloomberg Radio New York

"And Bloomberg television and radio I'm David Weston President Biden is on his way to the port of Los Angeles so we sent our own Ed ludlow to be there with him to keep him company And part of the reason is because there is a big labor negotiation pending out there So Ed we're going to go to you now in the port of Los Angeles Why is the president going there Yeah I mean he's zeroed in on inflation in the backlog the breakdown in global supply chains The port of Los Angeles here was really case in point that at points during the pandemic we ground to a standstill in America's busiest terminal In the background as you say you have this impasse between the longshoreman and warehouse workers union and the port operators which is not unique to the port of LA it's something happening all along the West Coast but the concern is that if they can not reach an agreement over pay and benefits that we will see further breakdowns in how this port is operating things have improved but if there's a breakdown in operations it means that there's a scarcity of containers because those containers are not moving efficiently through the port and that it has been a direct free through to the inflation that we're seeing now and we know it's top of mind for the president and White House official brief us that that is what his speech on the USS Iowa just over my right shoulder will be a little later today And it is dangerous as we all know and I particularly know because I've negotiated some labor deals with unions It's dangerous to interest but where they're going how long they'll take There's ups and downs and backs and forth But to reduce it to one basic issue how much of this is employment versus automation Yeah it is both that to be a longshoreman in Los Angeles has been difficult over the last 18 months There was a surge in demand the surge in volumes the way that officials and executives describe it here is that there are 5 lanes of available traffic for container ships to pass through where I am but there were ten lanes of volume trying to fit in because the world suddenly became so focused on ordering things So for a longshoreman you know it was not good working environments We also they themselves feel the pain of inflation at these levels They want higher wages.

David Weston Los Angeles Ed ludlow longshoreman and warehouse wor Biden Bloomberg Ed West Coast LA America White House Iowa
"david weston president biden" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

07:02 min | 4 months ago

"david weston president biden" Discussed on Bloomberg Radio New York

"COVID even as we get ready for another round Congress talks about possible gun legislation while Canada moves forward And President Biden pledges more support for Ukraine as Russian forces make slow but steady progress in the east of the country From the Bloomberg interactive broker studio in New York welcome to the second hour of balance of power I'm David Weston President Biden wrote an op-ed piece in New York Times today explaining exactly what we are trying to do and what we are not trying to do in Ukraine and in the course of it also mentioning that we will be sending more armament over specifically some sophisticated missile systems with somewhat limited ranges At the same time reports coming out of the Donbass that eastern part of Ukraine indicate that the Russian forces although its slow going are really making progress against their Ukrainian opponents To take us through what is going on in the east and what we are doing about it we welcome now Mark kimmitt he's retired Brigadier general general of the U.S. Army general Kim earlier served as an assistant Secretary of State and as deputy assistant Secretary of Defense under president George W. Bush So Mark thanks so much for being with us Before we get to the new armaments coming in because I want to know what they'll do what do we know about what's happening out there because I'm reading our suggesting that it is really slow going the Russians are paying a high price but they are making progress David we've been talking about this for a couple of months and it has always been the case that we've been discussing the Russians as a bulldozer and not as a Tesla They've hung in there They're continuing to fight They're showing no willingness to either negotiate or to slow down So I just think they're going to continue this slow approach and continue to try to take the entire Donetsk Well suppose that they do continue Let's assume it keeps going the way it is going right now Albeit slowly The reports are that they could cut off a fair amount of Ukrainian forces isolate them there If that happens I guess it's a double envelopment What does that mean for the war Is it over No it certainly wouldn't be over but that would be probably the best propaganda that president Putin would have He has been looking He's been searching He's been going through months of tactical defeats but this would be a significant propaganda boost and one can only imagine watching on Prada and other state TV hundreds and hundreds of Ukrainian prisoners marching down the streets And so what can be done if anything to prevent that Well I think that's one of the reasons that the president has decided to send these long-range missile systems in But one of the problems that Ukraine has had is that they have not been able to reach back and attack the artillery attack the logistics all the gas and fuel and food that is needed in order to keep that bulldozer moving forward When you provide this type of equipment these high Mars and MLS equipment are commanded both those units they can reach back into what we call the second and third echelons of the Russian attack and slow them down and try to cripple their advance Some of those second and third echelons located inside of Russia because that raises some new issues does it not Yeah I really don't believe that at this point the Ukrainians are looking at going into Russia to do this They've got plenty of equipment logistics and artillery that they have inside of Ukraine proper that's what the Ukrainians should be trying to cut off that artillery and those logistics closer to closest to the artillery units and the infantry units that need those logistics Mark give us a rough sense of a timetable here on this shipment of these new sophisticated missile systems How long does it take to get them over there And by the way what kind of training is required Oh I think in both cases it's going to take a while It could well be that they're going to use the multiple launch rocket systems and high Mars that are already over in theater If you need to get them from the United States you can put the wheeled version the high mar version into an airplane and send it over immediately If you're going to send the larger systems that have to go by boat from America So that's obviously going to take longer It shouldn't take more than a couple of weeks to train up the troops to be able to operate the system So I think we may see the effect of these weapon systems perhaps as early as the end of June And what do we know if anything about the state of readiness on the Russian side Because there are accounts coming out but I'm never sure whether this is just our wishing ourselves success They're degrading the Russian forces fairly quickly Well David we've got to remember that where in western armies we lead with soldiers and we follow with fires like artillery fires The Russians do just reverse What they try to do is use their fires Their artillery their rockets their air strikes to clear the area in front of them to kill the enemy and to move their soldiers up So candidly that's a pretty blunt force low training type of warfare So readiness really doesn't mean a lot I mean in the Second World War Russians used to grab peasants given the rifle and they'd be in combat in two days So this is training is not going to slow this bulldozer down Might it slow the bill those are down if they have supply chain issues And we certainly have them in the west in various places But that's part of the purpose I understand it of the sanctions particularly export control sanctions things like that Is that likely to bring pressure bear on their ability to resupply their equipment and their ammunition Well I think the best way to stop the supply chain is not hope that they can't deliver the best ways to hope it is to attack those logistics coming forward So you break you physically break that supply chain getting the equipment They certainly are running out of precision weapons There's certainly running low on artillery rounds but nothing at this point is significant enough to slow this advance unless you actually attack that attack physically attack that supply chain with rockets artillery and air strikes So it takes us right back to the second and third Echelon As you refer to it finally one of the things that President Biden really set out to do in The New York Times today was as I say be very specific about what we're trying to do and we're not trying to do And almost through his Secretary of Defense under the bus so to speak and saying we are not trying to just degrade Russia We're just trying to save Ukraine Has he defined the mission specifically enough now to avoid mission creep Well I think most important David we got to realize that the audience for that article was not Russia The audience of that was.

Ukraine President Biden Bloomberg interactive broker s David Weston ed piece Mark kimmitt general Kim president Putin Biden Donetsk The New York Times U.S. Army Russia George W. Bush Congress David Prada Canada New York Mark
"david weston president biden" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:59 min | 6 months ago

"david weston president biden" Discussed on Bloomberg Radio New York

"A so called uncooked mention in a beta Bill blog post regarding a quote significant corporate transaction that could include a merger or takeover so that's speculation leading to a bump in the Rolls Royce ADRs up a whopping 16% to the downside a similar story when it comes to Siemens energy the supervisory board chairman Joe kaser is considering separating Siemens gamesa from the company or even a partial winding down of mesa asses that according to manage your magazine doing that report saying it without citing where it got the information those ADRs nevertheless down 7% investors not too happy about that You also have a downside move on Billy Billy Charlie I'll wrap it up here Those shares down in morning trading after cagey I securities downgraded the video sharing company stock to neutral from outperform while cutting its price target to $43 from $45 to 80 hours taking the hit off that down 9% Charlie All right we thank you very much greedy Gupta keeping track of those 80 rs recapping stocks lower S&P down 5 now a drop of one tenth of 1% I'm Charlie palette that is a Bloomberg business flash This is balance and power with David Weston With the pandemic starting to become under control we are seeing historic recovery in our labor market The fact that judge Jackson was a public defender should count on her favor This offers a perspective on the U.S. Supreme Court that I think is quite valuable Where the world of politics meets the world of business The president has talked about World War three That gives Putin leverage The longer this conflict goes on the more the Chinese people will be wondering where its government stands Balance of power with David Weston on Bloomberg radio the COVID BA two variant spreads from Europe to the United States A debate over whether the fed really is behind the curve and raising rates and President Biden travels to a Poland dealing with over 2 million Ukrainian refugees From the Bloomberg interactive broker studio in New York this is the second hour of balance of our I'm David Weston President Biden has.

Joe kaser Siemens Billy Billy Charlie David Weston Charlie palette judge Jackson mesa Bloomberg Bloomberg radio U.S. Supreme Court Putin President Biden Bloomberg interactive broker s fed
"david weston president biden" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:47 min | 7 months ago

"david weston president biden" Discussed on Bloomberg Radio New York

"Protect their families Global news 24 hours a day on our number Bloomberg quicktake powered by more than 2700 journalists and analysts in more than a 120 countries In the newsroom I'm Denise Pellegrini This is Bloomberg This is Bloomberg Wall Street week Markets shrug off higher consumer prices The economy is in the process of rebounding Well the Federal Reserve have its own digital currency The financial stories that chief our work Many people think the yields are just going to keep marching up We have more spending coming out of Congress One of the big questions I think I investors minds inflation Through the eyes of the most influential voices Larry summers the former treasury secretary Ryan moynihan a Bank of America Wills for a CEO of Charlie sharp Bloomberg Wall Street week with David Weston from Bloomberg radio The fog of war as Vladimir Putin continues his assault on Ukraine the economic ramifications begin to unfold in Russia and around the rest of the world This is Wall Street week I'm romaine bostick in for David Weston President Biden and his first official State of the Union address takes aim at Putin He thought he could roll into Ukraine and the world would roll over instead he met with a mall wall of strength He never anticipated or imagined He met Ukrainian people As Russian forces continued to hammer buildings with missile strikes and heavy artillery Ukraine president volodymyr zelensky vowed to fight on Our people are very much motivated very much We are fighting For our rights For our freedoms For life for our life We're boring we're fighting for survival The escalation of the war leading to the escalation of commodity prices oil futures well above $100 a barrel Aluminum at record highs and soft commodities like wheat trading at levels.

Denise Pellegrini Bloomberg Ryan moynihan Bank of America Wills Charlie sharp Bloomberg David Weston Bloomberg radio Ukraine romaine bostick David Weston President Biden Larry summers Federal Reserve Vladimir Putin treasury Congress volodymyr zelensky Putin Russia
"david weston president biden" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

07:06 min | 9 months ago

"david weston president biden" Discussed on Bloomberg Radio New York

"Hear from the American petroleum institute on the oil inventories Brent crude right now is at 83 70 for a gain of about three and a half percent For the Dow industrial average at the moment we are higher by about three tenths of 1% The S&P higher by nearly 7 tenths of 1% in addition to energy and information technology consumer discretionary shares rallying we've got Amazon up by about 2.4% after some positive comments today over at Morgan Stanley the firm is touting an acceleration in Amazon's North American retail business the outlook according to Morgan Stanley is very good for 2022 We'll take another look at markets on the other side of the top of the hour I'm Doug Chris and that is your Bloomberg business flash Thank you so much Kristen this is balance of power coming from the Bloomberg interaction broker studio I'm David Weston President Biden travels to Georgia today as part of his push for federal voting legislation even as New York City moves to permit non citizens to vote in local elections something being challenged in a Staten Island court by the Republican National Committee Welcome now Republican congresswoman from Staten Island Nicole So congresswoman thank you so much for being back with us We enjoy having you Give us your take on what's going on specifically the New York City and permitting non citizens to vote Well the city council passed a bill that would allow for over 800,000 non citizens to be able to vote in our municipal election And mayor de Blasio and then Eric Adams allowed this bill to go forward without vetoing So they didn't veto it in 30 days It automatically becomes law So my colleagues and I the Republican colleagues in New York City are suing to stop this because we believe that voting is a right given only to the United States citizens But quite clearly the New York State constitution as well as New York City election law say that as well that only citizens can vote in our municipal elections And we feel strongly that for every non citizen that votes you're diluting the will of citizens of our city And so we look forward to having our day in court and having this legislation hurt So it's a state constitutional claim as I understand it I actually have the text here It doesn't actually say that non citizens can't vote It says citizens can vote And in fact another provision the constitution specifically excludes some people from voting doesn't talk about non citizens so the constitution of the state constitution is not very explicit on this point Is it congresswoman But it's specifically says citizens Citizens can vote but it doesn't say non citizens can't right Well look I think that it's very clear that the intent of those who drafted and that's what this will probably come down to looking at the intent of those who drafted the language at the time they never thought that people would be looking to introduce legislation that will allow citizens of foreign countries to be voting in our elections To be clear as I understand it you'll know it better than I do congresswoman It's not just anybody who gets to vote You have to have a green card or work permit You have to be able to identify yourself right So it's not a matter of just opening up to everybody You would have to be in the country legally and residing in New York City for just 30 days I see So let's expand out Bruno Bradley You mentioned Eric Adams the new mayor of New York Give us your take on Eric Adams and the job he's doing so far Recognizing has only been less than two weeks now Well unfortunately it's only been as you said a week and we've already had to file a lawsuit against them But look I'll say that when it came to The Bronx fire when it came for being there for our FDNY and police officers I feel that he has risen to the task and he is doing a good job in that sense But we do have significant policy differences You know if the mayor is going to move forward with some vaccine mandates that the prior administration had imposed on the private sector without even giving a testing option I think that's a problem And I think it's going to hurt our ability to recover New York City's economy to get people back to work And I think also with the issue of crime hopefully the mayor will do what he said he was going to do which was restore the plain clothes unit He said he was going to be tough on crime but then when I hear him agreeing and saying there isn't much difference between his views and that of the Newman district attorney Bragg that gives me some concern being that the new district attorney has said that he only wants people who commit murder or corruption or real violence felonies to be going to prison and not wanting to punish those who are selling drugs on our streets or hurting other people through their various criminal activities Gunpoint robbery for example So these are all issues that I think we just need to allow to play out willing to of course give them a chance but I see some good things And I see some not so good things As you say time will tell and we'll revisit after he's been there a bit longer On the question of voting rights as I mentioned President Biden is in Georgia right now really touting the strength of certain legislation that the Democrats are proposing Congress that Republicans by and large have opposed at the same time Republicans have come up with state legislation in places like Georgia and like Texas I guess my question for your congressman is is there a possibility of getting past a partisan approach to voting Because theoretically every citizen should want every appropriate person to be able to vote and encourage to vote and yet every time this comes up it feels like Republicans don't want Democrats to vote and Democrats don't want Republicans to vote I don't think it's about not wanting people to vote We want people to vote but we want them to be legitimate United States citizens who are voting in the districts that they're entitled to vote in The issue becomes when you see policies being put forth which by the way in New York there was a ballot referendum in November's election and New Yorkers overwhelmingly by double digits Declines to move forward with universal absentee ballots ballot harvesting same day voter registration which would allow somebody to walk into a booth on election day register there and vote without giving board of elections a proper time to vet and ensure that individual the citizen actually resides in the district at which they're voting So those are concerns that New Yorkers that they don't want those election law changes And yet he senator Schumer a leading the charge in Washington to implement this and not only implement it but he wants to change the rules of the Senate so he can get away with doing it because not all the Democrats of his party want to vote for it So that's a concern Another concern is using taxpayer money to fund political campaigns which is another provision of HR one And they don't talk about that very often But the reality is it would allow up to $5 million for a House candidate in taxpayer money at a time when we are in a debt and should be focused on other things So that's another provision that people are opposed to And the other thing it would do is ban voter ID laws in states States have the right to implement voter ID laws And they want to actually.

Eric Adams New York City Morgan Stanley Doug Chris David Weston Staten Island court mayor de Blasio Amazon American petroleum institute Bruno Bradley Georgia Republican National Committee Staten Island Biden New York Kristen Bloomberg
"david weston president biden" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

07:39 min | 11 months ago

"david weston president biden" Discussed on Bloomberg Radio New York

"David Weston President Biden is about to announce a series of steps the government is taking to maximize protections against the spread of the over crown variant including efforts at the border to keep the virus out of the country wherever we can We welcome back now Michael chertoff he's former secretary of Homeland Security He is cofounder of the chertoff group So Michael thank you so much for being back with us I mean you had responsibility for that border security Give us a sense of the responsibility we're putting on the shoulders of people like at TSA and for that matter on our border with Mexico or border with Canada Well I mean I think that obviously there's going to be a new set of requirements I think at least discuss the possibility requiring testing within a day before you come into the United States I think be sure to check in at the border in terms of whether people have a randomized testing or temperature or things of that sort So there will be an operational change that will have to go into effect Now this has happened before and we've dealt with it But it forced a little bit of a shakedown that's required to get everybody up to speed on new protocols to make sure they're properly equipped And of course if the land borders you get a lot of pressure because there you've got a huge volume of people and that means you've got a lot of additional folks you have to test or evaluate Well talk about the landlord just for a moment Michael because we do hear I've heard on this program several times and I must say often it's from Republican lawmakers saying part of the problem with the pandemic actually is that border with Mexico There's a fair amount of disease coming across the border Do we know if that's true I don't really know that that's true I mean it reminds me of people saying that oh the border of Mexico is in vehicle or an avenue for a lot of terrorists which turned out not to be true In fact if we've gotten terrorists coming their first land border it is typically been from Canada not So I think that gets swept up in politics I don't think there's a particularly high level of disease coming from Mexico But again you know you have to look at all the borders landscape and air if you're going to take a comprehensive approach So Michael we're going to the holiday season Obviously unfortunately we're going to be focused once again on COVID and particularly as overcome variant But give us a sense of what other security risks that might be heightened during this holiday season One of the risks which will continue in terms of cybersecurity as more of a Civil War remotely we've been using our devices on the network Many of those devices are not particularly well protected And he's become avenues for people to engage in cyberattacks But beyond that we've seen a dramatic increase in ransomware we've seen a tax on healthcare systems Colonial Pipeline other kinds of critical infrastructure and I have every reason to believe that may continue And that's going to require a strategic change in terms of how we look at cybersecurity both from the government and from the private sector I know the government now is focusing on upping the game in terms of defending critical infrastructure And I expect with in very short order we're going to see some additional new steps taken to make sure we are protecting ourselves against not only criminal groups but frankly geopolitical adversaries like Russia and Iran And we had that spate of incidents including pipelines and things like that A lot of ransomware attacks They seem to have died down a good deal Is that because we're doing a better job I don't think that you dive down frankly I think maybe they paused a little bit We are doing somewhat of a better job I know the TSA for example put out rules with respect to pipelines that increase their cybersecurity capabilities But I wouldn't count on this coming away And in fact there was a story reported recently in the news about the Iranians attacking their major healthcare system in Israel So this is going to be with us for some time And particularly as matters heat up with Russia and Ukraine we may wind up hearing some affects of that in terms of cyber disruption aimed at distracting the United States from being too engaged in what's going on in Europe Mister secretary tickets back into your old job for a moment because there are various instance we had that terrible incident with the walker shook holiday parade with the motorists who drove through the prey We also have all of these apparently organized smash and grab it and what you call it thieves sort of breaking into stores in Northern California At what point does that become a Homeland Security issue rather than simply a local law enforcement issue Well I think certainly if you're dealing with an organized group particularly when it's motivated by terrorism does become a Homeland Security issue I don't know that there was concent case was a terrorist issue sure I think it may have been somebody involved in criminal activity fleeing and trying to distract and these efforts to engage in smash and grab alluding in California against humanely criminal What I do think we see there was a phenomenon in which as someone carries out for example a series of criminal acts others watch it and they start to imitate it And this is really a challenge for social media whether these platforms are not becoming vehicles for inciting bad behavior on the part of those who watch it succeed and go well I'm going to do this too And then this we're going to need to take a closer look at how do we work with social media to make sure you're not becoming incendiary tools in promoting criminality and violence And you raise such an interesting point I mean obviously you were a lawyer youth attorney a Court of Appeals judge of the third circuit And as you know well and criminal law conspiracies are worse than individuals acting So some of this is the organization involving other people whether it's internationally in a terrorist group or homegrown Can you compare the risk of international terrorism as opposed to just homegrown terrorism that's organized Well right now we've actually done a good job over the last 20 years and protecting our country against international terrorists coming in from overseas over another part of the world And that's the data to a lot of the very fine work done by the folks in the border When you're dealing with homegrown terrorism there's no border It's right next door And I think that's why we're seeing an increase in the homegrown terrorist acts where there is a tax on religious institutions or things in schools is firing in many cases by the Internet but sometimes just generated And that's much harder to deal with because it's low profile There's usually not a lot of planning communication and the intelligence agencies are much more eliminated in their ability to examine intelligence domestically than is the case overseas because we do have certain constitutional protections And that's why the issue of homegrown terrorism violence is going to require much more engagement by local law enforcement and even by local communities who have to be willing to speak up when they see a threat rising in the neighborhood If you see something say something I guess is what that is Thank you so much mister secretary for being back with us That is Michael chertoff He's former U.S. secretary of Homeland Security and author of exploding data reclaiming our cybersecurity in the digital age Coming up.

Mexico David Weston President Biden chertoff group Michael TSA Michael chertoff Canada Homeland Security United States Russia Iran Ukraine Northern California walker Israel Europe Court of Appeals California
"david weston president biden" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

07:36 min | 11 months ago

"david weston president biden" Discussed on Bloomberg Radio New York

"The ADRs for us after earnings a lucid group soaring now by 20.2% of other EV stocks up as well Tesla for example up 2.9% rivian automotive keeps on going up another 11.2% Recapping S and pia record up 27 up 6 tenths I'm Charlie peloton that is a Bloomberg business flash This is balance and power with David Weston If you're in a depth of finance for anything hard infrastructure investments are probably the place where it makes the most sense to do so I'm just demand an additional leisure command He's going to start to come back in a much more material way Where the world of politics meets the world of business What comes next is a global steel arrangement with the EU We're seeing the rise of a country that is unlike something we've seen probably ever before which is the rise of China Balance of power with David Weston on Bloomberg radio Manufacturers gear up for a big infrastructure spend Republicans turn on their own and President Biden and president Xi hold a respectful summit from the Bloomberg interactive broker studio in New York Welcome to the second hour of balance of power I'm David Weston President Biden held a virtual meeting with Chinese president Xi last evening lasting more than three hours covering a wide range of subjects including Frank discussion and pursuing cooperation There weren't many specifics but then again expectations had been low going in Welcome now David Thomas he is senior vice president of the U.S. China business council So thanks so much for being here Give us your take on what did and did not happen last evening in this virtual meeting Thank you David I appreciate the opportunity to speak with you and your viewers From the U.S. China business council perspective first and foremost we were pleased that presidents Biden Xi were talking that they took more than three and a half hours together to talk candidly and openly about a series of very difficult issues challenges right Not only in the bilateral relationship but for each of their roles as world leaders on issues that are increasingly global in nature That was our first takeaway The second was in terms of what was discussed during their meeting we had expected it would have a strategic focus to it as was the case Seeming to seek to arrive at mutual understandings on key strategic issues like Taiwan Hong Kong Xinjiang the South China Sea cybersecurity issues climate change et cetera Third takeaway though was that we were disappointed that there was not more discussion of the opportunities that come with more engagement between our two countries Particularly in terms of economic and trade issues we had hoped those would also have been on the agenda more because we think real progress is attainable If both leaders focus on those economic issues going forward as well as the obvious importance of the strategic issues I wonder David if the attitude of at least some of your members may have changed over the last two or three years toward doing business with China There was a time when my impression was they basically said governments almost stay out of the way Let us get our business done with each other President Xi however has really taken actions with respect to some industries that has raised some questions and some minds do some of your members now wonder whether China is quite the attractive proposition it was three years ago Well at the U.S. China business council periodically do surveys of our members David and our last survey was through June of this year And that showed that 95% of our more than 200 members who are American companies 95% of those members continue to be profitable in China with 43% of those reporting that they plan to increase their investments in China Now to your point there is a fragility to the bilateral relationship in particular the government to government relationship which has significant implications significant headwinds significant consequences for the business to business ties And I would submit for our people to people ties as well The thing I'm asking is they're absolutely right and who knows whose fault it is Maybe it's on both sides the two governments have been certainly having some difficulty since at least at least since president Trump's time But I'm also asking there's a new factor now that you have a very strong leader and president Xi and China who has perhaps not been as steady in his regulation as some other anticipated where there are actions he's taken particularly with respect to some industries that have come almost out of nowhere Does that raise questions and your members minds about how predictable the regulatory system is within China itself Yes David Thanks for your further question There are certainly regulatory uncertainties for our members and doing business in China whether that is trading across our borders or operating in China to sell to businesses and consumers in China And there's any range of regulatory issues at the national and the provincial levels in China There's also interest in president Xi's common prosperity initiative and the hope that that is for common prosperity of Chinese citizens and businesses as well as foreign businesses including American businesses that have long had a presence in China to serve businesses in consumers there And I think you see also the both leaders presidents Biden and she coming to last evenings meeting From perceived positions of strength And we're very keen to see more dialog between both leaders In the coming months we think that's important on the strategic and the economic issues to managing this most important and complex relationship But we also see opportunities to your point and we hope the Biden administration will further prioritize focusing on the market access and other trade challenges to doing business in China as well as the strategic frame that was the large largely the focus of the leaf is meeting Very interesting perspective Very helpful Thank you David Some opportunities in economics and also in trade It's David Thomas of the U.S. China business council coming up The.

David Weston president Xi U.S. China business council China Bloomberg radio Manufacturers President Biden Bloomberg China business council Biden Xi Taiwan Hong Kong David David Thomas Tesla Biden Charlie
"david weston president biden" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:43 min | 1 year ago

"david weston president biden" Discussed on Bloomberg Radio New York

"The second hour of balance of power I'm David Weston President Biden spent yesterday meeting separately with progressive and moderate Democrats with reports that he may be starting to get some movement toward an agreement including an overall price tag an agreement that if it happened would permit the bipartisan infrastructure package to go forward and at least provide a framework as they call it for a trimmed down build back better budget Today the president travels to Scranton Pennsylvania his hometown to make the case once again for both parts of his economic agenda Welcome now congressman from the Commonwealth of Virginia Pennsylvania his Democrat Brendan Boyle so congressman thank you so much for being back with us here We've talked about this before Give us a sense of do you think it's in a different place today than it was a month ago Well great to be back with you and I do think that we're making real progress especially over the last 24 hours We're working very hard to meet this deadline coming up at the end of the month which is when the transportation funding runs out So with that in mind the ideal would be to get to a point where we could vote both bills were at the very least announced that we have a grand agreement with all of the relevant parties and that would clear the way for us to at least be able to first vote on the bipartisan infrastructure Bill with shortly thereafter voting on the agreed to build back better act As you know better than I congressman it's really dangerous for us to speculate what's going to be in the final bill because we don't know There's still negotiations going on but there are reports coming out of Washington Some things are going to have to get left behind such as paying for community college Give us a sense from your constituents point of view Are there parts of this that they are really invested in That is to say if they got dropped out you think there could be real a price to pay Well I'm reminded of one of Mark Mark Twain and many famous quotes but one of them was predictions are hard to make especially about the future So let's keep that in mind with everything in this conversation And I see a lot of reports about what allegedly is now in what a legislative now out Boy I would take all of those with more than a grain of salt In terms of your question though about what I'm hearing from constituents back home in terms of what's most important to them there's no question I think the paid family and paid sick leave provisions and the House ways and means committee we voted on it a few weeks ago more than a month ago 12 weeks fully paid for It would see the United States joined the rest of the industrialized world It would very much help our economy besides being a very pro family provision that is something that I hear most people just very excited about That combined with the universal pre-K provisions A lot of family spend an awful lot of money when it comes to trying to get their child into a pre gay program if it's not offered and their locality or their state So those are two things I also think the climate provisions most people understand that climate change is real and that delaying acting on this is just not an option There's a lot of activity back home and a lot of folks really clamoring for this to be the moment that we make a dramatic investment in renewables We know that that's our future So those are I picked out those they're all important but really those are some of the ones that most jump out to me Let me pick up on the third of those And that's the climate issue because there are reports that the president is being very explicit that he needs something something as he goes over Glasgow for the top 26 Discussions over there He needs to be able to say yes we are moving forward on climate Does that add some urgency And yes even a potential deadline here because I think that's 11 days away I think so And I think that's very legitimate And by the way so there are two parts of this The first is the actual substance of the issue The president needs to be able to go to Glasgow and say this is the way in which the United States is leading It would then help us leverage what we trust did and what we're committing to do to get other countries to sign up to doing something at least similar if not even more so That's number one But that number two and just in terms of the ability of the United States to lead on any issue it's very important that we send our head of state we send our commander in chief to that incredibly important summit with a big wind with a big wind a win legislatively but also a big win at his back to show that he is able to lead under the United States is working is a functioning democracy So that will have ramifications for anything else that the president is attempting to do on the world stage A congressman I say this with all respect to Scranton But why Scranton I know it's President Biden's hometown But how is that going to help him move that football over that goal line in getting his build back better done Yeah Well there are a couple reasons for that I mean first obviously it is where he was born and raised or at least raised until I think about the age of 11 years old So obviously has a real emotional attachment and still have family and friends there And then the second reason is it is a very swing area of the biggest swing state in the country When you look at specifically lack of on account and the areas nearby his marginal improvement in that area over where Democrats were in 2016 is a big reason why he was able to turn a one point loss for Democrats in 2016 in Pennsylvania into a one point win in 2020 I know from back when I was in the state legislature just how important that area of northeastern Pennsylvania is So for both of those reasons I think it makes sense So are we going to get it done go on the line here Make a prediction about the future unlike Mark Twain I will make a firm prediction I believe we get this done I believe we deliver for the American people and by getting this done I mean both bills and frankly we have to and everyone recognizes that whether you're the most moderate Democrat or the most progressive Democrat or somewhere in between everyone recognizes that we need to get this done for the American people And we also need to get this done because it's in.

David Weston Commonwealth of Virginia Penns Brendan Boyle Scranton Mark Mark Twain House ways and means committee Biden United States Pennsylvania Glasgow President Biden Washington football legislature Mark Twain
"david weston president biden" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:01 min | 1 year ago

"david weston president biden" Discussed on Bloomberg Radio New York

"Itself up as a tax haven and what osha can and can not do when it comes to vaccine mandates From the Bloomberg interactive brokerage studio in New York welcome to the second hour of balance of power I'm David Weston President Biden wants osha to impose vaccine mandates and about a 100 million employees And this week the agency sent its draft regulations to the OMB for approval Taking us one step closer to its adoption To take us through the proposed regulation and how it would work we welcome now Debbie berkowitz a fellow at Georgetown university's kalm mans Come out of its initiative Miss berkowitz earlier served as chief of staff the occupational safety and health administration So I'm going to learn a lot from you But first tell me how your initiative is pronounced Come out So you guys can tell me novice Okay the emphasis on the allocate got it So you already taught me something But first of all go back to osha and how this process works As I understand it it answers up to Department of Labor Apparently we're sent a draft over to OMB for approval Are we getting close to something actually being adopted Yes we are My guess is that The Office of management and budget this process now is they will send it to other government agencies to get their sign off And then we should see it out the door I bet with it two weeks And then the process after that is osha will give a certain amount of time for employers to start complying If you look at some of the other standards that osha set like the emergency standard they said earlier this summer for healthcare workers to be protected from COVID They gave employers 30 days and then they had to start putting protections in place But I think because this is a mandate for vaccines and or testing that you'll probably see some dates and they are about when employees need to be tested That's beyond the 30 days So that was helpful You just clarified that it is as I understand it you must get the vaccine or be tested regularly which a lot of employers have been doing Does that mean there is no exception for religious reasons or for other health reasons Standards always say you have to follow other laws and there are other laws that are enforced by EEOC title 7 of civil rights Regarding religious exemptions and also then the American for disabilities act that will provide some exception but my sense is that EEOC will be the arbiter of what those exceptions could be because that's the law you're complying with The laws that they enforce Give us a sense if we know what are the penalties for an employer who doesn't comply Well I want to make a clear first David that osha is quite a small agency It's under resourced and understand It would take them a 160 years to get into every workplace just once So the Biden administration is really expecting employers to comply with this voluntarily However if an employer decides to completely sum their nose at this And remember it is not a vaccine mandate It is a standard design to keep infectious workers or potentially infectious workers out of the workplace to mitigate the spread of COVID-19 at work And we know the workplace is a setting and it's been a significant driver of the pandemic So it's testing for a vaccine mandate So that if employer decides to do neither And she gets a complaint workers can file a complaint with osha First osha is going to make sure if that employer is really trying to comply in good faith they're not going to issue a citation But if the employer is completely summing their nose then they can get a fine It's not your fines are pretty low It comes to things but it's a maximum for a serious violation is $14,000 And do we expect to apply to only employers of a certain size Right now the ocean standard will only cover employers of a hundred or more workers Now there are other things coming down the pike There's for all federal contracts Federal contractors there is an actual vaccine mandate that has been implemented and those employees that were for the federal contractors have to be have to get the vaccine by December I understand also right now the CMS has sent over requirements for Medicare and Medicaid approved healthcare facilities that will also you're going to see some kind of vaccine requirement for these employees Finally another thing you've taught me just from the notes that I saw is there actually are states that have their own osha but I understand they have to be at least as restrictive as the federal ocean Does that mean that there can't be much variation state to state in this vaccine requirement Right They have to be at least as effective as federal assured which means the standards have to be the same or better One thing one of the things about the 21 states that run their own oceans in the private sector is it also covers local and state employees in that state I do know the private sector the majority of big employers have already signaled they really want to see this requirement so they can require testing or a vaccine But you've got some states where they have their own state plan where they may decide I don't want my university employees to be vaccinated And so they may.

osha OMB Bloomberg interactive brokerag David Weston Debbie berkowitz Miss berkowitz EEOC Georgetown university Biden administration Biden Department of Labor New York Medicare and Medicaid David
"david weston president biden" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:08 min | 1 year ago

"david weston president biden" Discussed on Bloomberg Radio New York

"David Weston. President Biden will speak later today at the White House on the issue of how to deal with Covid. We have reports already coming out that there will be an order on vaccination requirements for federal workers. Does this set the stage for all this? We welcome now. Bloomberg White House reporter Josh Wingrove, Josh, Thanks so much for being with us. First start with the reports of this executive order. What do we think it's going to say? Essentially is going to be expanding David the number of federal employees affected by the vaccine order and and taking away the option B that they had, so it used to be that you had to be vaccinated. Or you could offer a testing and sort of masking regime sort of a second option. It appears that Biden is going to take that away. In other words, force all federal employees to do this. He's also going to expand the number of federal contractors, potentially that would be affected by this. Should caution that we don't have full details yet. We expect of course to learn those later today, and that could include some exemptions, potentially for religious grounds or for disability or that sort of thing. But Broadly speaking, Biden is going to take the stage this evening to give a speech and update on the covid response. And I think that key pillar is expanding the requirements of federal workers to get vaccinated. They see these sort of employer mandates as a real key way to drive vaccinations among folks who have not gotten the shot yet. Yes, it may cause other employers to follow suit. But the federal government itself employees don't they employ literally millions of people? Yes, This will affect millions of people, No doubt and I think broadly speaking, they do absolutely want to sort of get ahead of the band. They want people to follow them and employers to follow suit and do this. Remember what triggered a lot of this was that approval? By the FDA of Pfizer's vaccine that higher level than the emergency authorization that we've been using until then. So you know, they sort of have been sort of leading the charge since then, encouraging people to go here. But now how it's going to work or if it's going to work unclear. You know, we've seen an uptick in vaccinations. It's been trickling back down again. Unfortunately, But on the flip side, the U. S. This week crossed the threshold of 75% of adults with at least one shot. Remember, 70% had been the previous target that was missed just a couple of months ago. So there now at 75 Things are moving, but they're trailing off. They hope that these moves will sort of reinvigorate the vaccine case. So the White House has been very consistent. President Biden very consistent saying We need vaccines. We need vaccines. At the same time. I've seen some reports of what he talks about at five o'clock this evening may go beyond vaccines go into things like testing, expanding testing and also many genomic tracing. Yes, Absolutely. We expect six sort of pillars to this testing is one of it. What to watch for? There's where they throw any more money at it. Remember, we've had trouble getting tests in the US here because the capacity seemed to dwindle as cases dwindled. And then when cases spiked, no one could buy the test anymore. Expect that we probably will hear him talk about boosters. David, remember they're planning a week from Monday to start booster shots with visor only probably at this point for people who have been eight months since their second shot. That was some of the first people to get a shot. Healthcare workers, the elderly, that kind of thing. So that testing also schools. We don't know where he's going to announce anything on schools. But there's.

David Weston David Josh Wingrove 75% 70% Josh US Monday Covid Bloomberg First President eight months five o'clock this evening President Biden U. S. This week millions Pfizer 75
"david weston president biden" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

07:15 min | 1 year ago

"david weston president biden" Discussed on Bloomberg Radio New York

"I'm David Weston. President Biden has been Talking with other G seven leaders today about the situation in Afghanistan who would like him to extend the deadline on evacuation past August 31st but with little indication so far that he is inclined to do so to bring us up to speed on what happens next. We welcome Charles Kupchan. He is professor of international affairs at Georgetown and senior fellow at the Council on Foreign Relations. So thank you so much for being with us. Give us a sense of what the dynamic is, as far as we can discern it between the other leaders of the G seven, the Western leaders and President Biden at this point I'm sure that the conversation this morning was tough. The seven, most of which consists of European leaders are not happy. About the chaotic evacuation from Kabul. They're concerned about an influx of refugees coming out. Of Afghanistan. But from what we know Biden stuck to his guns and said, we're going to be out of there by the end of the month. And as a consequence, it looks that they're going to have to speed up. The evacuation, do what they can and I'm guessing the Biden has been in conversation with the Taliban. The Taliban said. If you stay longer, we're not going to let you escort people to the airport. So his decision is, let's play it safe. Do what we can and then get out by the end of August. How much of it is within his power? That is President Biden at this point? I've heard some people say you know what the Taliban really has control right now about when this evacuation has to end. Yes, the Taliban are in control because they're in the streets. They are the ones who can either allow or prevent people from getting from downtown Kabul to the airport there around the walls. Of the airport. On the other hand, the Taliban have a vested interest in maintaining a decent relationship with the United States and with other countries. Because number one. They want to be recognized as the international government and they want assistance. They want economic aid. Everything is on hold right now. So Biden does have some leverage when it comes to the Taliban, But what he doesn't have is control of the streets, control of back alleys of Kabul. Because US troops have already left and moved to the airport Professor, your real expert on Europe in particular. How surprised were our allies because to listen to President Biden said, Look, and I told them for 23 months I was pulling out. You know, the European allies were my Bally relieved. That Biden won the election and took over from Trump. They found Trump to be a very difficult partner, in part because he was dismissive. Of alliances she talked about withdrawing from NATO. I think it is a bit of a cold shower for Europeans that even with Biden in office, we have this fundamental difference of opinion about this about the speed of withdrawal. My best guess was that this is a temporary setback. The Europeans also wanted out. Afghanistan. They recognized that this was the losing missing in search of an unattainable goal. So the flak or the discord, the tension that we see now I think will recede once the evacuees are out, and we moved towards some kind of new political equilibrium in Afghanistan. Can the fallout for US foreign relations be limited to Central Asia? Does this raise question and other allies particularly And maybe Eastern Europe, Central and Eastern Europe about our willingness to really stick it out. You know, I think the Publics in Ukraine in Taiwan in Estonia that are threatened by either Russia or China are staying what says to pull out from Afghanistan. Tell us about America's staying power. Should we be worried? And I understand where that sentiment is coming from. But in some ways this withdrawal from Afghanistan works to their advantage. Why? Biden has said I am getting out of this forever wars of wars of choice in the Middle East so that I can focus on the big ticket items, and that's Russia and China. So what we're witnessing here is a realignment of America's strategic priorities, Investments at home that will redound to the benefit of our strength abroad. In the end of the day. Allies should be reassured by these changes. Well, that is the question, isn't it? Professor? Is it a matter of United States pulling back to us borders, or is it redirecting our attention to other places beyond our borders? Because I I wonder whether Moscow is celebrating right now or they're concerned. Is Beijing celebrating right now, or are they concerned? I think I'm the surface. Beijing and Moscow are celebrating. Beneath the surface there worried why? Because Beijing and Moscow has been quietly group of the United States has spent the last 20 years spending its wheels. In Afghanistan, Iraq, Libya, Syria, he spent $6 trillion Now the United States is kind of realigning itself. It's investing those trillions of dollars in infrastructure in social policy, the country will begin getting the strongest from the inside out and This will enable the country to focus like a laser. On the rise of China on Russian meddling in Europe and the United States. In the big picture. This is not good news for either Moscow or Beijing. Give us your sense because you've worked within the government and understand this. What does this do for President Biden's national security and foreign relations team? Does it really battle hardened them so that they are better for the next one? Or does it rattle them so that they're not in a position to handle the next crisis? No, Listen. This is a bad week Last week was perhaps the worst week. Divide administration. The images coming back from Kabul are heartbreaking. And it's a setback to the Biden administrations, reputation for competence and for America's political standing at home and abroad. This will pass I don't see this as some kind of fundamental turning point. We need to do what we can to alleviate humanitarian suffering, get evacuated out of the country. But I think that the national security even the Biden administration will weather the storm in and come back Strong. Thank you so much. Really great to have you with us as Charles Kupchan of the Council on Foreign Relations coming up. The wrangling over on Capitol Hill over how to proceed on spending that's coming up next on balance of power on Bloomberg Radio. Carol Master and Geico presents motorcycle word.

Charles Kupchan Trump David Weston Carol Master Taiwan $6 trillion Kabul Biden 23 months Estonia NATO Ukraine Afghanistan Central Asia Libya Council on Foreign Relations Taliban Last week Capitol Hill Iraq
"david weston president biden" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:40 min | 1 year ago

"david weston president biden" Discussed on Bloomberg Radio New York

"The US extends the deadline for evacuation. We talked with former U. S Ambassador and State Department official Martin Indyk. That's coming up next on balance of power on Bloomberg Television and radio. When yesterday's business markets headlines and breaking news 24 hours a day at Bloomberg Dunk com Bloomberg Business AT and Bloomberg Quick Take. This is a Bloomberg business Flash. From Bloomberg World Headquarters. I'm Charlie Public best level of the day right now on the S and P up by 1% higher by 44 points. Equities climbed two records as the Covid 19 immunization drive was bolstered by regulators granting full approval for the vaccine made by Pfizer and its German partner, Biontech. Pfizer off 2.5% biontech. The eight ers up now by 10.5%. Now up, 276 points up 8/10 of 1% as stack up 223 up by 1.5% 10 Year Yield 1.25% Investors are looking ahead to the Jackson Hole symposium and speech Friday. I fed Chair J. Powell, which may offer insights into how and when the Fed plans to taper Bond purchases. Laurie Calve is seen as head of U. S equity strategy at RBC Capital Markets. It was interesting to see they were shifting to virtual, You know, we've seen a lot of plans sort of upended at the last minute whether it's companies return to work plans, but I think look are great Strategists don't expect any major market moving news coming out of that symposium. Of course, we have to stay tuned in. But for me, investors sort of got the message back After that, Judy said meeting that paper was tapering was coming sooner rather than later. I would be surprised if they had any sort of major change to what they communicated after the last set meeting, But of course, we'll have to keep an eye on it. Shares of maximum A maxim integrated products are higher after China proved its acquisition by analog devices, A maxim, based in San Jose, California, 4.9%. And analog devices up now by 1.7%. So again, recapping equities, higher s and P up 45, climbing to a record up by 1% balance of power continues. I'm Charlie Palette. That's a Bloomberg business Flash. This is balance of power on Bloomberg Television and Radio. I'm David Weston. President. Biden said over the weekend that the U..

Laurie Calve Pfizer David Weston RBC Capital Markets 10.5% Martin Indyk Charlie Palette 1.7% 4.9% 44 points 2.5% Friday 223 Biontech Bloomberg Judy 1.5% 276 points Bloomberg Television San Jose, California
"david weston president biden" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:35 min | 1 year ago

"david weston president biden" Discussed on Bloomberg Radio New York

"A faster labor market recovery. You have nation states attacking our private sector and that's an unfair fight with the world of politics meets the world of business. I think we should spend the money to compete with China. But we've got to do it in a responsible man. Our values called us to do everything that we can Vaccinate the world against Covid 19 gallons of tone with David Westin on Bloomberg Radio Fed responds to an economy heating faster than it thought. Is that good news or bad news infrastructure may not be dead, After all, as the bipartisan group of senators move forward with their plan and sorting out the aftermath of that Biden Putin summit yesterday from the Bloomberg Interactive Brokers Studio in New York Welcome to the second hour of balance of power. I'm David Weston. President Biden has had him Meeting with President Putin, and both have had their say on what came out of it. How is it likely to affect relations between the United States and Russia? For an answer to that question? Welcome now an expert on the history of U. S. Russia and U S Soviet Summit Professor Simon Miles of the Duke University School of Public Policy, Professor. Thanks so much for being with us as I suggest there's been something of a history of these summits. Some of them has gone. Okay, so I haven't gone so well. Where do you put this summit in that spectrum? It's good to be with you, David. I put this summit ironically enough, along with the November 1985 summit, which also took place in Geneva between Ronald Reagan and Mikhail Gorbachev. And the reason for that is that Many senses of the term. This wasn't a summit. They didn't make major deals. They didn't sign treaties, but rather the two sides got together and essentially Talked about talking, Uh, they agreed to in the case of this most recent one push forward on issues of strategic arms control and cybersecurity, which are probably two of the biggest problems in U. S Russian relations. Of course, not the only ones. So, in that sense, it didn't have the major consequences of some of the Cold War summits, which actually produced the big arms control deals like salt and start. But it also wasn't a disaster. Uh, neither party walked out, as for example, happened when Eisenhower, Dwight D. Eisenhower and Nikita Khrushchev met in Paris 1960, for example. So I give it a bit of a boost. But I think that we really will need to wait quite some time to see how much of a success it was. How much importance should be attached to two men in this case, men Looking each other in the eye and assessing one another. I mean, we remember when President George W. Bush, as I recall, famously said, I looked into Mr Putin's soul. I think it was his expression. I describe him in this case. It's not the first time that Joe Biden, the person has met Vladimir Vladimir Putin. The president. That's certainly the case that being said it's the first time that Joe Biden, the president has met him and in Russia today, there is really one key player and effectively all policy issues and that is the president of Russian Russia. That's what network And thus I think it's really important that the two sat down in one room that Biden held his end up and we've seen not only in the immediate aftermath of the of the the meeting, but also in some public comments that Putin made earlier today. To a graduation speech that he was struck by the president of the United States. His demeanor they're a really good data point on this to me. Is actually what we saw in the Russian news last night, which was pretty congratulatory and laudatory of Putin, as you would imagine, but also acknowledged Biden's forthrightness. And effectiveness is a negotiator. And if there's mentioning that these are not news outlets, which enjoyed a great deal of editorial, independent and thus and thus that that this is a message that's being sent by, uh, top figures in Russia That the Americans are clearly going to have to be dealt with and will need to be reckoned with. That was very diplomatically put about the independent civil lot of the journalists in Russia. I think it's fair to say at the same time. What do you attach the cigarettes that was so early in President Biden's term because some people thought he should wait till later. I've heard others suggest it was smart to go early because the expectations were lower. Well, I don't think that the Biden team could have lowered the expectations anymore for this. I mean, I think I think I think that was pretty clear, based on some of the public statements that the fact that both sides showed up was sufficient for some of them to chalk this up as a win. Um and I think that was wise. To be honest, because as I as I said earlier, kind of harkening back to the Geneva Summit of 85, there isn't really the basis for the The conclusion of deals. But this really gives the impetus to actually starting the negotiations. And look, I think it's certainly fair to say that there are a lot of issues on which Putin will not really move. But one, for example, like nuclear arms control is one on which there is a degree of overlap. Between us and Russian interests in trying to find a way to avoid a extremely painfully costly arms race, which frankly, the Russians can ill afford. It was no surprise to me, for example, that right at the beginning of Putin's press conference when he came out and on the On the cable network. I was watching. They didn't have the translation up and running yet, But so some of your viewers may not know this. But actually, the first thing he talked about was stability, respectively, the first word out of his mouth. He talked a lot about the responsibility of being a nuclear power. That's a really old kind of cold war reframe that this is what makes Russia great power. As fessing just quickly at the end. How do you rate the Biden team on the theater of it? Because that is not irrelevant. These summits. Not in the least. And for that, I give them really high marks, insisting that the Russians show up first so that Putin couldn't do his usual party trick of showing up four hours late as a power move was wise, I think So, too, was having separate press conferences so that he couldn't engage in the pretty gratuitous..

Joe Biden Nikita Khrushchev Mikhail Gorbachev David Weston David Westin Ronald Reagan David Eisenhower Vladimir Vladimir Putin Dwight D. Eisenhower New York Cold War Geneva Paris 19 gallons yesterday last night Duke University School of Publ two sides President
"david weston president biden" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:26 min | 1 year ago

"david weston president biden" Discussed on Bloomberg Radio New York

"Traders sit through a flurry of corporate results amid signs the American labor market. Maybe gradually improving tomorrow morning. 8:30 A.m. Wall Street time we get the jobs report has some pee on track for a record bank's industrial and tech shares leading today's gains. Russell 2000 index has jumped. 1.7% eBay. PayPal surging on upbeat forecast Qualcomm sinking after the chip maker's sales outlook disappointed some analysts for right now we have got Qualcomm shares declining by 8.5%. EBay is up 6.3% pay below the papal advancing now. Bye. 6.4% s and P up. 31 record 38 61 of 8/10 of 1% The Dow Up 259 up 9/10 of 1%. NASDAQ Up 116 up 9/10 of 1% bringing its year Today game now to 6.5% Tender down one 32nd 10 Year Yield 1.14% Gold 17 89 the ounce down 2.4% Silver is down. 2.7% West Texas Intermediate crude 56 34 barrel up right now by 1.2% re capping stocks higher, smp it a record of 31 of 8/10 of 1%. I'm Charlie fell up. That is a Bloomberg business Flash. Thank you so much. Charlie Pellet. This is balance of power on Bloomberg Radio. I'm David Weston. President Biden came to office pledging to reach across the aisle. And he's been doing that talking this week with a group of Republican senators about their different approach to stimulus. But increasingly looks like the bipartisanship Maybe Maura about talking with Republicans than actually counting on their votes, and one of those key to the Democratic majority, Senator Joe Manchin of West Virginia, appears to be ready to go along. If it's 1.9 trying so beer if it's a little smaller than that, when we find the targeted need and you know that we're going to do we welcome now. Joshua Green, He's national correspondent for Bloomberg Business Week. Josh. Thank you for being here. You have a terrific piece out about The Democrats wise ng up about GOP obstructionism. I played that little sot. They're from Joe Manchin, because it was thought that maybe Joe Manchin might be a little wobbly and my force Encourage the way it has to go along with some Republicans, it looks like he's route lined up with the Democrats. I think the clip you played from an interview with mansion yesterday was really, really important away that has been largely overlooked. As you said Mansion is the key vote for Democrats in a 50 50 Senate, and he's made a lot of noises over the past. A couple of weeks to the extent that you know he wanted any kind of covert relief bill to be bipartisan. He had some discomfort with the size of the package. The Biden administration of $1.9 Trillion package. He wasn't sure about checks caused big kerfuffle about that on. So there was some real worry in trepidation. I think among liberals but but among General Democrats more broadly that he might dip, eat, fix the package. Well, instead, he came out yesterday morning and said, as your clip made clear, you know, I think I'm pretty comfortable with this. And what's even more important is what he said next, which was that he'd spoken to President Biden. And as important as it is to get Republican by in, Biden was going to move forward One way or another. I think that's a signal As I write in business week, the Democrats have learned from Barack Obama's experience in 2000 and nine can't wait forever for bipartisanship. Even if you wait too long, you lose your mo mentum. You hurt the economy and ultimately.

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"david weston president biden" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

07:37 min | 1 year ago

"david weston president biden" Discussed on Bloomberg Radio New York

"Quick. Take these. He's a Bloomberg business. Flash World Headquarters signed Charlie Hello, stocks are now trading mixed. We've got the S and P higher. The Dow lower NASDAQ trading at a record, Let's give the numbers first. And then tell you what's going on. We've got NASDAQ up 50 now. That is a gain of 4/10 of 1% s and P higher by four by 1/10 of 1%. The Dow is down 89 to drop their of 3/10 of 1% on extremely choppy session. Today's stocks did decline earlier on concern of fiscal aid package may be delayed animate setbacks in the fight against the pandemic. Almost three stocks fell for every two that came down the S and P 500 index, which edge lower After the top Senate Democrat Chuck Schumer said lawmakers will try to pass stimulus in a month of the earliest. Also a U. S. Health official expressed concern about vaccination delays. Stack 100 slightly higher ahead of earnings reports this week from some of the biggest tech names tomorrow will be hearing from Microsoft later in the week. Tesla and Apple on Game Stop is extending its extreme volatility more than doubling at one point right now, Shares of Game Stop They're up by 12.8%. So the S and P is up for a gain of 1/10 of 1% The Down down 86 down three tens. NASDAQ Up 54 by 4/10 of 1% 10 Year Yield 1.4% Gold Little change now down 22 cents eons that 18 55 and West Texas intermediate crude up 4/10 of 1%. 50 to 47 a barrel. I'm Charlie Felon. That is a Bloomberg business Flash. Thank you so much. Charlie Pellet. This is balance of power on Bloomberg Radio. I'm David Weston. President. Biden has pledged to reopen most K through 12 schools within 100 days, And in announcing his pick for secretary of education, He highlighted Miguel Cardona's experience in the classroom as well as an administration as important to achieving his goal. Also need someone who knows what it's like What it takes to get through this crisis, the opening school safely. Will be a national priority for the Biden Harris administration. We welcome now Randi Weingarten, president of the American Federation of Teachers, representing 1.7 Million Teachers nationwide. So, Mr Weingartner, thank you so much for being with us. What does it take to reopen? Weingarten? Sorry. Sorry. Just call me Randy. Okay, Fair enough. We've known each other a bit over the years. So s so Randy. What does it take to be able to reopen the school safely? So you know, it's this is ah, ever changing situation, But there's kind of like four areas that we need to focus on. And frankly what you're saying. His teachers everywhere in their union. Their unions knowing full well how important it is to You know, get to in person learning for the kids who want and or needed Are really trying to fight for the safety measures in order to do that on day, so it comes down to four things right now Number one. Is there have to be the safety mitigation efforts that we've been talking about forever that CDC did require that the Trump administration undermined at all times. Number two. So those air like massive physical distancing, cleaning, ventilation and washing number two. What we learned in the fall, which is why all these people are now saying schools are safer than any other place. Which is and is not true. At the same time is a Z. We've learned that from the surveillance testing that we were able to do, and that the head of the Rockefeller Foundation and I Talked about as critical in an op ed yesterday. This is an asymptomatic disease in the main and so that kind of surveillance testing is absolutely necessary as an early warning as well as being embassy. Who is carrying the disease and who is not in terms of transmissibility. Number three. Obviously, the vaccines are really key because what the vaccines are doing Is that even though we don't know whether somebody can still transmit the vaccine, help, make sure that if you have covert you don't get really sick and then obviously You know, particularly since there's still a new variant, and we don't have herd immunity. We have to protect the people who are really at risk or who has family members at list. So with the safety medication is the testing. It's a vaccine and then that kind of accommodation, and so what's happening in all these places is that this is a You know this is the school systems do not have the capacity to do any of these things. And so those who started really planning early, like a New York plans last summer of Boston has tried to do this, and it's based in basis. That there has to be. The resource is as well as following the skies, and it's a real logistical hardship. But that shouldn't over that. That should not trump You need to have these safety medication. So one of things there was criticism. The Trump ministrations about was a lack of a clear national set of guidelines and principles, directions. Sort of leaving him or up to the stage. Do you expect that to come out of the administration? And how long will it take? Look, they're Biden administration. Already the second day they were in office. Didn't exactly water directing the Department of Education and the Department of Health and Human Services to do this. I know that the CDC director You know, the new CBC director has, you know been thinking about how to do this? Since her pick was announced they haven't waited till January. 20th. But you know it will take a minute for them to put that guidance together and to make it real, And when I say well, they have to have a consistent message. That it's important and it is basic and unfortunately what the Trump administration did take mass. You can't say master important than the president doesn't wear it. You have to be consistent in a public health message, and so I'm hopeful that they're going to do it as soon as possible. But then the second step is that you know, states that you know that I don't believe that a virus is extent. We're gonna have to figure out mechanism by which they are abiding to it by it as well. A states believe that there's AH, virus ready. You mentioned New York is having gotten onto this fairly early. I have to stay there. A lot of parents of school Children in New York City who don't feel that it's been handled that well, is it just because it's that hard to do because there's been fits and starts and last minute changes. Lot of dissatisfaction, I think in the streets of New York I think you're right. And I think it's when I when I nothing. Nothing about this stuff is easy. I don't I'm not. I'm not suggesting that New York has handled it perfectly. They have not. No place has handled it. Where has handled it perfectly because you're talking about life and death issues and you're also talking about you know our our kid's schooling. When I say New York has handled it well, it's because they have opened up in school learning, and they've done it with.

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"david weston president biden" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:10 min | 1 year ago

"david weston president biden" Discussed on Bloomberg Radio New York

"From executive actions such as an energy policy from New York. Welcome to the second hour Bloomberg Balance of Power I'm David Weston. President Biden headed straight to the Oval Office last night to sign 15 executive orders. Followed by another batch this morning and several of those affected US energy policy, including rejoining the Paris climate accord, stopping the Keystone XL pipeline and directing a review of fuel efficiency and emissions standards. Welcome now a leading expert on U. S Energy policy. Daniel Jurgen is vice chairman of I just market and author of the book The New Map. Energy climate and the clash of nations. Dan Thanks so much for being there's always value your presence. Tell us what you make of these executive orders that came out last night. I think they were all telegraphed that he was going to do this discipline in the policy documents for months and months and months. His basic. What it tells us is that the body administration is gonna do what they said they're going to do, he said. Climate is one of his four priorities and they're going to step on the gas on that. And it is the range of government. I think ever Cabinet secretary will now have a Cabinet a climate agenda, so it's a very different reality than it was two days ago. So this Keystone XL pipelines been around for quite a while. But up and down and all around how much real effect is that have on US energy. Well. Canada's a major source of US energy imports are two countries are very integrated overall candidates by far the largest market for U. S exports. This is an important element. I think what it really was striking was really a kick against Justin Trudeau, who President Biden to pause and look at how this pipeline had changed. And on day he expressed his disappointment that this was the first step in. We're supposed to be improved relationship between United States and Canada. So maybe question maybe not. I understand that's gonna be the first telephone call that President Biden has with a foreign leader will be Justin Trudeau. Of Canada. Is there some hope for President Biden and saying, Look at Justin, I'm sorry I hurt you in the pipeline. But you and I are both really committed to climate and this is going to help climate. Is there some eyes? They're a dual purpose here. I mean, in terms of actual climate, it's not going to have much effect. Canadian oil production is slated to increase for the next few years and one way or the other, the oil will make its way to market If it didn't come from Canada, all come from maybe finish will elevate lifts, Sanctions or the Middle East. So, but I think it's it is become such a lightning rod in such a emotional symbol, and I think that's what Biden was responding to. So talk more generally about where you expect this policy go. It's clear that as you say a president Biden means what he said. And he's going to follow through to the best visibility is their firm out that he and the executive branch can do without Congress. There is, obviously we've seen executive orders. The other thing is, Of course, the regulatory agencies will be a different chairman of the Securities Exchange Commission. They'll be a different chairman at the Federal Energy Regulatory Tory Commission. So those regulatory agencies will be very well be one of the main instruments and I think, but on the other hand, as you say, this is a very divided nation. Divided Congress. And so he's appealed for unity. So he has to also you can't just look to his left on just to the environmental movement. He also has to look across the country as well. And I think You know, that's what he's balancing in his mind. It has to balance his policies. How much power does even the federal government not just the president, but the federal government overall really have to change the course of future energy. How much of this is gonna be dictated? Bye bye technology by the markets. Okay, that That's a very important point, because if you were pro wind and sold in real honor pushing 10 years ago, they weren't competitive. Now they're very competitive in the utility industry is responding to the fact that their cost competitive A lot has to do with technology and actually continuing to spend money on research and development is really a critical part. But in terms of regulatory Terms of creating incentives for 500,000 electric charging station points for cars across the country, and I think what they really indicated is they want to use the structure, spending on transportation spending as part of the ways to get to their goals and On and buy, you know. The target, he says, is toe have zero cardinal except the United States. By 2035. It's now it's to reach. These are ambitious goals, calm stretch goals, but that's the way policy is gonna go. What does this mean for jobs Because we hear that actually, they're more jobs now and clean energy than there are and fossil fuels. But they're a lot of people still employed a fossil fuels right. I think there's over 10 million people who are involved in the oil and gas industry. So I really don't know about. I wonder about the job estimates. There's you know, depends how you count them. But I don't think they're 10 million over 10 million unemployed and renewables, but You know they're more jobs. They're putting up wind towers. But solar panels remember that 80% of the world's solar panels come from China. So it does. It does create jobs but creates jobs Also in other countries, can we catch up with China? I think not in a manufacturing solar on China has a dominant position in the lithium ion battery supply chain, which of course, goes into electric cars. I think that's going to be by the way you're pointing to. Another priority is to say, Can we do that? Can we reduce our dependence for rare Earths and things on China? What you need for wind turbines and another equipment. But that would mean so I think we're going to see money spent on that. But that would might also mean opening new minds in the United States, which is also kind of feel. You have the might get across crosswise is some of the rest of his constituents. It's a good point. Then he thinks it's always great to have you with us. As Dan Jurgen of HS Market Coming up, President Biden.

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