35 Burst results for "Davos Switzerland"
Hospitals Facing Coronavirus Are Running Out of Masks, Other Key Equipment
"Are dealing with very critical shortage. Shortage is not just a protective equipment. They're also facing another huge obstacle. There are simply not enough supplies like cotton swabs to conduct the Coruna virus tests themselves. Cnn's Drew Griffin reports. How did the United States end up in this position with a desperate shortage of corona virus tests a shortage of supplies to administer these tests even a shortage of protective equipment for medical workers? The US government knew the virus was coming back in the beginning of January on January eighth when the CDC published an emergency health advisory on a reported cluster of pneumonia of unknown origin in Wuhan China. Medical experts tells CNN. The trump administration failed to act at this critical time. What we see is the lack of preparation over the last two months has now put us in a terrible position in late. January the first. Us case of Corona virus was identified in Washington state but while Chinese officials began locking down the city of Wuhan. President trump was in Davos Switzerland telling the world that China's problem would not be the world's pandemic we have a totally under control trump barred most non US citizens from flights coming in from China but behind the scenes. Mistakes were already being made as the numbers climbed a thirty five thousand cases worldwide the CDC was creating its own corona virus tests a slower process that included sending the test of public health. Labs to make sure the test would work those public labs found out the test was flawed so they immediately reported that and CDC began an investigation very quickly but more and more labs as they were verifying this through. The coming days also found the same problem but three crucial weeks testing was at a near standstill while the CDC tried to fix the problem and the US health system was flying blind the virus spreading across America and US. Health officials had no way to test for it that kept us from having visibility on domestic transmission of the virus for weeks and weeks and weeks when the CDC's new test was finally fixed ready. There weren't enough to fill demand. This letter shows public health laboratories begging the FDA relaxed restrictions and allow them to create their own tests. It happened within days but in a race to contain it the virus was well ahead by March. Six there are a hundred thousand cases worldwide and more confusion from the administration. Anybody that wants to test can attest. When the president said these words across the country shortages were everywhere today the shortages of tests include just about everything needed to administer the test there are shortages on many pieces of it. Public health officials. Say it just didn't need to be this bad two years earlier. The White House made another potentially dangerous mistake laying aside the pandemic response unit within the National Security Council though the White House says the same rose exist just under different titles. The team President Obama had bolstered to combat global pandemics after. Abol outbreak was gone. Critics say that trump administration decision hampered efforts with corona virus. I think he made a slower and it made us more prone to mistakes. Jeremy Conine Dyke who used to run foreign disaster assistance for. Us aid says all the shortages from testing to swabs to masks can in part be traced back to that one decision. Beth Cameron who under Barack Obama ran the pandemic response unit says. There is no doubt that well we have gotten more out of this at the office had still been intact. I think absolutely the president who alternately said he didn't know anything about disbanding the pandemic team and also defended it now denies his corona virus. Responsible has been anything but perfect. We were very prepared The only thing we weren't prepared for was the The Media Drew Griffin CNN. Atlanta healthcare workers deal with a shortage of testing supplies. The FDA announced today it has approved a new corn corona virus tests that can deliver results in forty five minutes the company that manufactured the test says it will begin shipping out the task next week. I'm joined now by Dr Meghan Ranting. She's an emergency physician at lifespan which is affiliated with Brown University. Dr Anne. Thank you so much for joining us. How significant development is this new test? This new test is honestly a potential game changer for us. My emergency department like hospitals across the country are increasingly filled with patients with symptoms. That seem like corona virus. But we can't test so the best we can say is we think you have covert nineteen and we're either going to admit you to the hospital or send you home and tell you to self quarantine it will be so transformative to be able to actually test patients the same way that we do for flu or other illnesses to able to tell people if they actually need to quarantine and then to make decisions that can help us see equipment for the patients that we do have to hospitalize generally very very significant to the largest cities impacted by corona virus. Dr Ready we're talking New York in Los Angeles now say doctors should prioritize testing for healthcare workers and the severely ill besides that they won't test unless it would significantly change the course of treatment. Does this new strategy makes sense to you. So it's tough. We simply don't have enough tests so it's just like we're doing with masks and gowns. We have to conserve tests to that. We make sure that we have them for the very sickest people. It's not just New York in Los Angeles that are doing this. It's actually the practice it almost every hospital in almost every state across the country right now. It is far from ideal. It is not the way we should practice medicine. But just like we're using masks right now. We have to ration are testing which really incredible so if large numbers of people still aren't being tested. How do we know how bad the situation is? Because presumably there could be thousands hundreds of thousands maybe even more of a lot of people walking around with Corona virus absolutely. I suspect that in my state as in most other states the numbers that are being reported are orders of magnitude lower than the actual number of people who are infected. We are sending most patients home from the hospital or doctor's offices without tests. Were getting the test on those really sick patients but if you are I came into the hospital. We most likely would not get tested again unless we needed to be hospitalized so we are absolutely under counting the magnitude of this epidemic. Zoo interesting story here. A New York surgeon and mother of two whose husband is also a doctor made a plea for more protective equipment on twitter writing. This don't make an orphan out of our two toddlers so bottom line Dr Rini. How dire are these shortages at hospitals all around the country right now? It is truly dire. That is a perfect word for what's going on. Listen we're all used to using isolation gowns? There's something that we use to take care of variety of patients who come into the hospital but never I've been physician for almost twenty years now. I'm never have we been told to reuse this equipment? It is puts us at a huge risk potentially puts patients at risk. It is exhausting and terrifying. I mean the number of steps that we have to go through every time we go in and out of a room with putting on a mask putting on a face shield putting on a gown putting on gloves seeing the patient stepping back out and then doing each of those steps again in every time you take something off. You're in danger of contaminating yourself and then instead of just throwing out the mask or throwing out the face shield. We're being told clean off the mask. Clean off the shield and it in a paper bag and then put it back on again before you go see the next patient there these series of steps where we could get infected? Which then puts us at risk. I have well over a dozen colleagues across the country who have already tested positive for cove nineteen fellow emergency physicians and nurses. And it's simply because we do not have adequate access to protective equipment and we're being told to reuse the equipment that we do have. So how worried are you about your own wellbeing Dr Rini so I am concerned? I'm hopeful that I'm relatively young and healthy and I'll be okay but I've had discussions with my family about if and when I should separate from them. I have friends who have sent their kids to limit our houses. And I'm personally told my parents that I'm not going to see them again until this outbreak is over because I don't want to risk infecting them. I think it's a matter of time in less. We increase the number of masks and gowns available. It is a matter of time until most frontline healthcare workers are infected. We
Trump rule could lead to big Medicaid cuts, governors warn
"Tell folks what has happened in terms of Medicaid in particular. I guess let's start way the way you did. What are the proposed cuts to Medicare that the trump administration the station has been talking about the proposed cuts to Medicare You know I think it started with their rollout of increased privatization of Medicare with increasing Medicare advantage. uh-huh Plans Kober last year in the lakes and Florida Trump you know reported in Vanity Fair that he said it would be fun. Second Term Project to cut Medicare and then in a couple of weeks ago now in Davos Switzerland he was talking. NCNB CNBC and he said Yesterday the fact that would be on the table cutting cutting Medicare in those social security and he said that would be the easiest thing to do very strange choice of words. So that's kind of the Medicare and that's what I started with. That's why I was in Des Moines that day with the committee to protect Medicare talking about these possible Medicare cuts with you know doctors from Iowa that join me for a press conference One Press When one member of the press showed up at that press conference now you know a little bit more of the presses is listening to the line that we're calling out at my committee about these proposed cuts it's And then you know because of the news of the day. Last Thursday was Davis encounter occurred in that was the day that Seema Verma the cms administrator for trump mm rolled out these Block grant Waiver proposal. That you know everyone I can see. That is talking about this. In an honest this way tells us this will cut folks from Medicaid. Okay and so tell us. CMS The centers for Medicare and Medicaid Services when they roll out this proposal are they actually just basically introducing. They're they're basically announcing that you can you as a state Can apply for a waiver. Is that right right. Apply for a waiver. Currently Medicaid is funded by the federal government on a kind of a per person per need basis. So you know. For instance when there's a recession and more people lose jobs and more people qualify for Medicaid. The federal share of spending on healthcare for those folks will go up because of course they need that you know people with diabetes if they have a job or they lose their jobs to no fault of their own still. Have they still need three hundred dollars a month insulin slim so with block grant States could say listen Why don't you just give us a lump sum of money? And then let us in the where he used was innovate let us innovate. Ah figure out how to cover anyone cover everyone but you know if the needs go up in our state. We still get that that pot of money that you're giving us it doesn't change and yet our needs go up so more people lose out the other thing they can do is choose to cut certain services they can you know cut certain drugs that are that are. Currently they covered up a prescription drug benefit under Medicaid. So I mean I mean it is just cut. There's no way around it. And there's no way that pence didn't understand that Seema. Burma used to be his Medicaid Administrator in the state of Indiana when he was governor there so this has been a conservative dream for for ages decades thirty years. They've been trying Graham. They've been trying to block grant and and so. There's there's like you say there's multiple problems that come with the block. Granting one is that it does not act as that economic stabiliser in other words doesn't doesn't Basically expand as the the need gets greater in crises. It also does not a increase along with the cost of medicine and And like you say the states can get sort of clever because the federal government has basically said I mean this is the difference between just sort of you know me me giving ten bucks to my kid and saying you know do whatever you want with it as opposed to making sure that she spends it on you know not on on junk food or whatever it is and and she can then go out and basically spend five bucks on the. I want to keep this metaphor too much but the idea is that they can use this money in other ways that I really don't have anything to do with providing health insurance for people right and my governor is Governor Gretchen. Whitmer who gave you know. I thought an amazing response to the state of the Union last night and I was there and we talked beforehand. And she's she helped. Uh sure in expanded Medicaid under the affordable care act when she was the minority leader of the State Senate here in Michigan and got a Republican governor to expand Medicaid. And we've had you know. Nearly three three quarters of million folks in Michigan Benefit from that Their study I think Carter. Kaiser family reported recently specifically Michigan showing the economic economic benefits of expanded Medicaid. The fear was that the federal government was going to give them a hundred percent in the first year and then scaled back to I think ninety percent of eventually by next year and the reality is even though the federal share has scaled back because people are healthier because they can afford treating their chronic illnesses. They can work more they. The actual tax base has increased. I think thirty thousand jobs in Michigan created directly resulted expanded Medicaid. So I you know this is. It just doesn't make sense to me that they try and and I think that's why he dodged the question and tried to revert back to things he did. And and then eventually just said agree to disagree because He knows what it is they. They held him what it is and they know if they say what it is. People won't like it you know. It's an election year. They're trying to get reelected so they just say whatever they want they lie will and state of the Union almost solely healthcare allies again about every other aspect of healthcare. And you know I think they just say what they want they get away with it. He just wasn't expecting to meet up with a guy in tyner who you know. I mean again. I don't know this issue like a policy. Wonk I mean I just I have a biology degree in a medical degree and I work clinically as a doc but I read you know and I and I try to learn as much as I can and so you know with my limited understanding of these policies he just. He wasn't ready for that one briefed them known gave them talking points. And I think that's. That's that's what we saw unfold. Yeah he did look like a deer in the headlights and we did try to dance around it quite a bit. You were pretty easy. Road brought in on them pretty quickly I think as he tried to sort of pretend like he didn't understand what you said the first thing. It just didn't that first exchange where you said. You're going to get cuts and Medicaid. 'cause I don't think we're GONNA do cuts in Medicare and so we'll give us. I mean So you know firsthand. The implications of this expanded Medicaid and and and I WANNA get into that as just your experiences as as an emergency doctor but I also get the sense. You're on this You're you're you're you're executive director of this committee you're in Iowa so you're aware at at least some of the you know the broader politics involved in this. Where would you anticipate what states or at least you know if not specific ones than the profile of the states eight? That are going to be applying for this waiver. I mean presumably the thirteen states. Now that did not expand Medicaid under the affordable. Care Act. I would imagine would be a prime targets or prime applicants to get this waiver. Because they're going to continue you. Say we're going to expand medicaid. They certainly are interested in dismantling it as much as they can right. I think that and I think you know anywhere that there is a Republican And I guess I have to. I don't know the nuances of the directive if it's if it's an executive decision at the state level or if it requires you know something passing through their houses so we have enough house majority Republican state legislatures plus governorships. In this country that I I mean I think that would be the profile. You know certainly because those will be the places where you know folks are more likely to be in charge that share vice president pence views on you know on Medicaid in general in a and and whether or not we should be helping out poor people when it comes to healthcare That that is that's the fear now. And why should we in Michigan you you know. Why should we in Michigan? Have a different set of. I mean the whole healthcare system. So Patchwork in Hodgepodge if you WANNA call it a system a series of systems. But it's so patrick work anyways I mean I guess why should this be any different. Let's let certain states do one thing and others do the other. And if you just happen to be born in Michigan versus Alabama. Well you know good on you right Well there's so much in our society today that's determined that way it's all just a coin toss and met. I guess maybe a bunch of coins get tossed in the air. What now? There's a vote tomorrow in the house. I Don I imagine you're familiar with it. And what the what the vote is is it's under the The CRA which has been used in the past to see the Congressional Review Act. It's been used in the past undo executive the actions that have been done within a certain timeframe and the Republicans did this with a bunch of executive actions by Obama and then once they do that once they pass that to reinstitute any type of rule like that Congress has to has to authorize it with a two thirds vote right so this is like this is a this is a real this is a sledgehammer as it were and they're going to. They're going to vote on this in the house and they will probably pass yes it which would not allow the president to block grant but then it goes to the Senate and the Republicans are sure to shoot it down. How do you think this plays as has a An issue in the fall when you have a half dozen or so Republican senators running in sort of purple states on their refuse their essential like voting to allow for cuts and Medicaid right. Yeah and I and I kind of anxious to see what folks looks like Like Collins I mean she seems the only one in the purple state that I think might make along with this I think you know tell us and and MC sally the and who is a gardener I think is already toast You know maybe Joni Ernst I don't know Yeah I mean I think at least I mean the thing is having having gone record. I mean that's That's I think that's all that's what we're trying to do as a committee. I mean what we're what we're rolling out over. The next. Several months is is an accountability campaign.
"davos switzerland" Discussed on KSFO-AM
"You know from the author of trumpet omics book he's also one of the architects the president's tax plan he is joining us live now Steve more good morning to you yeah yeah yeah good morning now my gosh the economy's Screamin long the present over there in Davos Switzerland earlier earlier this week telling people you know he went there once two years ago and said this is what we're gonna do and this year he goes over there and says look at what we have done we're gonna make it even better this was awesome yeah I was real victory lap by the president well deserved the United States as he said he did the Europeans and Asians and all the other you know government bureaucrats to assemble the self important people assembled there at about you know he said look we we have the best performing economy in the world it didn't happen by accident we cut taxes we cut regulations we got the government out of the way and we didn't buy into all this climate change but I would just a man you know he you know what the Europeans called of course when he said that but he's right a I'm W. said look if you wanna get prosperous and you want to see growth in you want to see higher living standards for yourselves and do what we're doing and it was a great speech on my favorite part of the speech by the way was when he talked about the already put it there the the people who are basically pitching doom and gloom planet and all the profits of deal profit as it will be called up I don't know if he used the term was profit P. R. all up by G. P. R. O. P. you know we have a double entendre because all I get a lot of people people should realize a lot of people are becoming millionaires and billionaires awful says climate change analysis I'm you know the cedar making all the money and the green energy in any case you know the of course the person who gave the rebuttal was brought up seventeen year old Miley yeah laugh and it was a very good speech it was and you know trump is right and he has a right to take yeah we should be proud of America as Americans that are are calling me is doing as well as it is and what's amazing is you've got this charade going on in Washington DC with this whole impeachment thing and it's not doing anything it's not affecting the stock market the president's going about his daily business it seems like nobody's paying attention to an even if you look at the TV ratings it's these cattle are flapping their gums over there and in the Senate so are you you mean you said you didn't find the twenty hours by Adam Schiff just sent a letter you know by the way you know that I'm going to let you all the answer I have found a great great finally a great and they'll say cure for insomnia the end yeah absolutely what fifteen minutes in the impeachment trial and you will fall asleep as most of the senators are in the Senate chamber yeah they were like two parallel universes because I am in the swap and I live and work here add on the one hand you know what you just sad abroad we got the bad economy you know in decades and and people are feeling really learn really got about things throughout for Americans rate the economy's good or great it's you know at the very moment we got this booming economy you know there's this weird trial going on to impeach the process that look into my opinion is that you know I think what he did was improper unquestionably and I think you should be censored for that but the if you're going to throw out the back I mean basically let's be honest balls why are the Democrats doing if they're not a teaching them because of you know that your crane thank they want to impeach him a because they don't they still can't accept the results of the election right they never have been able to and be because they just paid up and sell because they hate them they feel he should be impeached and you know as the Democrats instead if not we'll impeach him over something else we just have to remove from office and I thought what the most interesting thing was Brad did you see that comment by Adam Schiff when he was asked well why not just leave this up to the American people are gonna be voting on to the next president's gonna be in ten months and while I have you know this stupid trial one that's that's what the American people be the jury and judge judge here and the term and they want to be the next president but we cannot allow that to happen because we can't protect the integrity of the of the of the ballot box and like remember four years ago how dare Donald Trump ever question the integrity of our election system of course the Democrats are doing at ten months in advance you know it's amazing Steve in the one reason I always bring up this whole impeachment thing and tell folks why he's doing it it's because the economy is screaming along it's because our employment unemployment is the lowest in fifty years it's because president trump is doing all these things he said he was going to you know they know they can be kept at the ballot box I mean that's the point they know they're gonna lose two of the ballot box that's why they have to have this you know jury in the United States out of a hundred senators to you you know there's been a jury because they don't want you know two hundred amount million Americans to make that decision because they don't trust the American people to make the right decision you know I think it's actually I don't know about you guys but I actually think this is for the Democrats more than a church shop I mean like it's bad for the country that we're going through this it's ridiculous that we're gonna spend another three weeks you know going through the you know we're not no business in Washington is getting done it's just as idiotic you know each one trial right it's bad but you know I did don't you think they're just doing this because they know they can't be done absolutely that's exactly right now I can ask use maybe somebody with a little insider information I was reading a story on newsmax that's a president trump in his campaign because he's running again here in twenty twenty he's going to have a possibly a very big tax cut plan for the middle class second term yes tell us more well I am involved in that and so I've been working with my buddy Larry Kudlow and some of the others at the White House to you know but we as you know we did cut that's got one point all of that work yes so we're gonna do tech tax at two point all I think it will be a bit but at the at the middle class their stocks about reducing the tax rates that are paid by the the middle class to fifteen percent some some are still paying twenty to twenty two percent and then the other day idea that I've been really travelling as a ten thousand dollar for people like say make up to two hundred thousand dollars you could take ten thousand dollars and put it in to us an index fund in the stock market so you say that you put into the stock market and what about you it would be like a tax free savings account add this would be a way to get the middle class to save more because we know we need more savings in the United States people don't save enough but I also think about this you know the the lead lap using all all we don't only the richest one percent of benefit from this booming stock market why don't we have every single American why don't not every American family and every American worker benefits when the stock market goes up which is up almost fifty eight percent constructing and office yeah and so we share the wealth well how liberal can argue against that I the I. they they'll find a way somehow see more they'll find a way somewhere but this is great that he's got all these plans now for another tax cut two point no because as you said the one that you guys device the first time around that he's able to push through look what it's done for the economy but I gotta tell you that that I get a lot of calls my planner Sunbury California New York and Illinois where I just was in our home and they want to get right you know they they want to bring back the state local bus stop the doctor I guarantee your vote vote to get California that's not happening if you want to do something about your outrageous state local taxes you're gonna have to take it up with Sacramento there you go genius governor you got one of those governors in the country there are you know just ask him and I think that kind of a laughing stock absolutely the great Steve Moore we're glad you're with us this morning pal all right have a great weekend my friend I could talk on talk radio five sixty KSFO let me grab a quick smoke you can't keep up now and how do you then by that stuff you're not twenty one I I bought this before the light changed and as a matter if the legal to possess any tobacco products including electronic vaping products that contain nicotine if you're under twenty one you can still buy FDA approved thank you Dave like nicotine patches and gum though why don't you get some.
Interview with Alex Karp, CEO and Co-founder of Palantir
"This is walk. Thought this next segment is the conversation. Andrew had with Alexander Co Founder and CEO of Pailin. Tear the Tech Company provides software and data services for well a a lot of groups as you'll hear but it's probably best known for its relationship with the US government also quite controversial Given the company's role full working with the government in defense on ice with our allies with corporations there's always been view. It's a very secretive company in two thousand nineteen gene alone. The company signed one and a half billion dollars in. US government contracts one of those contracts in eight hundred million dollar deal with the Army Peletier beat out fortune. Five hundred company Raytheon for that one marking the first time that a venture backed firms received that caliber of recognition from the Pentagon and possibly more than anything else though. It's the company's Partnership With Immigration and Customs Enforcement that's created a stir until valley as well as internally Turnley at Peletier Alex Carp founded the company alongside a few other entrepreneurs including famed venture capitalist. Peter Thiel he co-founded Pay Powell and founders fund and invested in facebook anyway. Alex is he is one of the most unique interesting people in the world of business. He rarely does interviews but luckily for us. He's speaks Andrew. I gotTa tell you it's every time I have an opportunity to speak with him and really we've been able to do it now and you'll hear Davos you're just sort of blown away by the things that he says so here. It is Andrew. Ross sorkin annual interview with outs carp mark. CEO of talent here in the Alpine ski town of Davos Switzerland. Arc's thank you for doing this. Thank you so this was a very big year for you. We have a number of contracts. This is true we did very well so what happened. Well the long version is about five years ago we looked at our product offering and decide to rebuild our core offering for the government start with a commercial product which can be used to commercial and government and revitalize tragic going to market and and we saw the results Last year but dramatically this year and so that ended up with two very very large contracts that are public number of contracts that are not public and commissioner impact. That we're very proud of just so we're clear that's released publicly. One point five billion dollars in new contracts with that's true to you speak about those contracts. Let's well two of them are public. One of them is essentially. Give the DOD glow operating system in software with a on a timeline that otherwise I wouldn't be realistic so transformed the way. Decisions are made inside what amounts through the largest data organization in the world in timeline. That is very very aggressive. Another there is a little more classified and And we're we're just pouncing forward. The Core Mission of our company always was to make the West especially America the strongest longest in the world. The strongest ever been And for the sake of global peace and prosperity and we feel like this year we really showed what that would mean visit today. Do you believe is being driven by the government work versus the corporate. Well in the last couple of years most of our revenue has been commercial. Most of our clients have been government the the government government work inside and outside America's so strong Because of how it compounds that it's gone from being sixty forty commercial government to probably probably fifty fifty the impact of government. Work is the thing we are obviously the most proud of and is the past year. This sort of larger geopolitical Nicole conversation around. What does that into the business? Well you know decoupling. And and and strict regulation is a bonanza for pounder when we looked at what what did what should be done with data fifteen years ago. Most people aren't thinking about it and instead of thinking of this simplistic problem with aggregation of data. We thought about data's how can you aggregate and disaggregated this aggregate disaggregation meaning. How can you have silos while at the same time being able to call up at a granular level of what you're allowed to see in that silo? And what does that mean at a political level as Countries and states both need to have a horizontal view but want to have a more vertical view. They need Assad for platform that can allow a two countries to work together without sharing all all the information or to jurisdictions to work or to companies that for example a global company will have data stores in America data stores in Europe. Where only a subset can be shared in our architecture is is quite frankly built to deal with that and was built fifteen years ago to deal with that and revitalize five years ago so this decouple these these this decoupling world combined with Regulation quite frankly also combined with deep skepticism towards consumer in the valley is very much helping us. WanNa get to the sketches of the valley and just a moment but I wanted to ask you specifically about the protests this year about your work for ice and that ice this contract and what it's meant for your business we as everyone who's followed our company knows we take what amounts to strong but often Controversial positions the position of our company from the beginning was we're GONNA make America and the West Song and safer by integrating world class software into what amounts to legacy I see do systems one of our contracts at ice and there's an we started this contract under Obama and obviously there's a lot of concern legitimate concern about what happens on employer how it happens and what is the enforcement. Look like certainly diminish part of our work Finding people in our country who are undocumented. But it's a legitimate intimate complex issue. My personal position is We acknowledged a complexity people protesting whom I respect also dogs complexity is an issue that that is controversial and complex enough that the small island in Silicon Valley. That would love to decide what you eat. How you eat and monetize all your data should also decide who lives and your country and on what your conditions? There are elections. There are rules. They should be enforced. A transfer of one presidency and other and the the view of Silicon Valley that we get to the decide should not be the way the site of course this led to protests. My House has been protested for many months almost every day. Our officers protested many Palestinians who do not just follow what I say but are critical people. protested against internally. Some people were so upset about it that they left. These are very hard decisions. I I respect the people that that reside they can't be involved in this but we have a position. Are you comfortable with the trump administration's approach on the border.
Highlights from impeachment managers first day of opening arguments
"Prior to today's trial session democratic senators spoke of the results of the first two days of the trial as would be expected praising the performance of the impeachment managers from the house senators are not permitted to speak from the floor of the chamber during the trial proceedings and they're not supposed to leave their seats for any length of time except during recesses the placement of the two television cameras in the chamber doesn't really show the positions of individual senators part of the special restrictions on the media imposed for the impeachment trial but there have been persistent reports from the floor and the gallery of sizeable and lengthy absences of senators and small groups of them conversing even as the house managers hold the floor some Republican senators have been complaining about the proceedings saying they're boring with the impeachment managers repeating evidence that's already been presented both in the trial and earlier in the house impeachment inquiry hearings Hawaii's junior democratic senator Maisie Horana we've all heard that our colleagues are saying well why don't we have new evidence which by the way we spent twelve hours of thirteen hours on Tuesday of the suspension of shutting down so that's totally hypocrisy on their part for that they are getting restless most of us get restless when we are presented with information we don't want to hear right and you want to hear what the president did and if they were to absence of other just a simple question of is it okay for the president to have shaken down the president of another country a very vulnerable country who need it our support and almost four hundred million a taxpayer money so his troops can fight against Russian and aggression and he in the present use our taxpayer money to to buy that president just ask themselves that question they want to face that is so there's for me why because the truth hurts new Mexico's democratic senator Tom Udall had strong words about president trump's behavior and Davos Switzerland at the World Economic Forum during the opening days of trump's impeachment trial president trump has leadership Maria said he is all over in Davos over in Davos number one what he's doing in Davos which I find outrageous he's he's playing with the jury jury intimidation he said as they are in Davos at the camera he says don't coal balls in there so with us he said could hurt our national security I think that's a very very dangerous role did go down to say that Congress cannot handle the national security issues obviously Fulton has a lot to say in public just about what went on in the meetings but we can handle the National Security park in our secure facilities and I think we're willing to do that the other thing that I found was really upsetting in terms of president trump's behavior over in Davos was he and this is his quote honestly we have all the material and we don't he says honestly we have all the material and they don't have the material here years scolding Goldie over the fact that he has the documents he's not turn them over to Congress he's violated is that is that special relationship article one article two where Congress is supposed to be able to subpoena documents and we do offer site and here he is gloating in S. quality sitting over in Davos president trump is threatening to use national security concerns to block John Bolton's testimony if in the unlikely event the Senate voted to subpoena him as a witness if that doesn't work Republican senators reportedly have a backup plan to depose him in private and then to classify his testimony as secret on national security grounds Karen Greenberg director of the center on national security at Fordham University school of law and author of the book rogue could just as the making of the security state told KABC phase Mitch gesture at the national secrets and security the growth of the security and police powers of the executive branch and the presidency especially since the September eleventh attacks on the US are all involved in the impeachment trial and it's Ukraine affair it is so obvious that what they don't want to do is to bring forth witnesses because the witnesses will say things not because they compromise national security but because they compromise the head of state and head of state and the people in his circle and that's just not what we seen this before we've seen the term national security used to be a real quick for not just protecting the national interest but making sure it doesn't get certain people either embarrassed or in trouble with the law we've seen this in the war on terror and numerous instances and we seen elsewhere we know this this playbook and it would it's important for the country not just for this trial to say now we have a process this is a these are the rules of the process and you can try to obstruct them in any way you want but ultimately we're gonna get those witnesses we need to get them the ring of a very important point now there are some government watchdog groups have you know created these charts showing the amount of times that national security has been invoked in order to keep information from either getting to the public or at least at the very minimum to Congress and if you look at these charts there's just this explosion this exponential growth that really begins at two eight you know right around nine eleven but even even before that even in the nineties but still continuing more so and here we are kind of leads us to the moment that Donald Trump may not have created concerning this use or over use of classifying information he hasn't created this dynamic but it's led us to a point where now he is in that same vein doing which I think is pretty remarkable and even pretty dangerous and for me is like one of those really important things that may not be as talked about as much as it should be during this impeachment trial and that's doing a blanket refusal to cooperate with Congress at all in this investigation right another way of saying it is this was a logical it's a little bit amped up foreseeable consequence of what emerged from nine eleven afterwards and again was built on earlier things as you say and you'll notice that in the the statement about this trial you've seen national security claimed on both sides national security is claimed by the trump administration and his to his lawyers as we can't give out these witnesses or these documents because of national security and on the other side you have individuals Adam Schiff another saying look this is a matter of national security we need to know this and so in national security is the magic words for the whatever it is you want to claim and I think that's also something that has led to this moment in time that we've been dealing with for the past two decades as you say since nine eleven did in this trip to what we consider in late but I guess Arthur Slesinger once called the imperial presidency which other people which people are now using frequently this term exactly let me say one other thing that are sure it's lasted you said though for this lesson you said that you know it and his father that history moves American history has seemed to move in cycles and you know from being very simplistic about this from more conservative errors to more liberal errors and that the cycle was about thirty years which is just about generationally you know in a little more and the real question here is are we what we are are we in the cycle or we done with the idea of cycles in American history have we entrenched ourselves so much in a way of thinking about the presidency and particularly when it comes to it's tied to national or its claim to national security have we escaped those cycles and so on what do you think question what is your title I don't think the pendulum swinging back I think that that so much yeah because we had a democratic president a liberal president who brought in some very much more liberal minded folks into the national security state with the presidency of Obama and the truth was it proved almost impossible to change things either because of how they read the national security global security landscape or because it was just too hard to give up the powers that had accrued but I do not think as we used to think ten years ago that the pendulum is swinging back in office another reason I think this impeachment is so important because it needs to it's not just about Donald Trump it's about what's happened to the country what is allowed to be claimed in the name of national security and now we've seen it at the ultimate where it was claimed in a national security the president's powers have now become clearly about personal interest and you notice yesterday that and today both ship and now they're use national security and then right after national interest and I'm committed to personal interest sort of is the relationship with these these things that are at stake Aaron Greenberg
Trump demands Apple unlock iPhones: 'They have the keys to so many criminals and criminal minds'
"You might think impeachment would be the only thing on president. Trump's mind this week if if so you would apparently be wrong police was on CNBC Wednesday morning spending at least part of the time talking about Apple How oh proud he is of its innovation. You ask of the jobs that creates in the work it does greening at supply chain. Actually he seems to have been talking about about the need for a back door in the Iowa s though watching the one minute and sixteen seconds devoted to the topic well let me just share with you what CNBC NBC wrote President. Donald Trump on Wednesday stepped up his pressure over Apple's refusal to unlock iphones. Authorities in criminal cases apple has to help us and I'm very strong on it trump told. CNBC's squawk box co host. Joe Turner from the World Economic Forum in Davos Switzerland. They had have the keys to so many criminals and criminal minds and we can do things and and the state monopoly said it provided gigabytes of information mation to law enforcement related to the Pensacola case. But that it would not build a back door or specialized software to give law enforcement elevated access trump told. CNBC on Wednesday. They could have given us that information. That would have been very helpful. The president said he's not concerned about his relationship with Cook Oracle because the stakes are so high you're dealing with drug lords and you're dealing with terrorists and if you're dealing with murderers I don't care. Trump said so. I'm guessing breakfast. Didn't go. Great
"davos switzerland" Discussed on Bloomberg Radio New York
"Do so well in twenty nineteen have another tough time here in twenty twenty so how do you find an opportunity we're gonna get the answers to all of those questions and more but first let's get to Charlie Pellett he's got an update on the train hi thank you very much Susan Kelly here's what's going on we've got the down the S. and P. and nasdaq all advancing right now it is an off Wednesday with the S. and P. higher by seven right now looking at records thirty three twenty a clothes store record right now on the US be up two tenths of one percent no question about nasdaq go up forty points right now four tenths of one percent ninety four eleven on the nasdaq composite index on track for a record close there the Dow higher by thirty nine up by one tenth of one percent ten years up to thirty seconds the old one point seven six percent of the world economic forum's underway in Davos Switzerland Bloomberg radio and television are there and this morning we caught up with brutal America French finance minister who talked about brexit and attracting financial jobs for strategic purpose is to be calm with enough to your soul the first financial center we want to be for the trustees and when you're looking at the very last decision of many important things like G. P. mall gun the fact that putting some new jobs four hundred fifty four GB moment into these is very good news for fox Netflix is facing the toughest year in its history in terms of new screaming competition but the company says it is ready after last night's earnings report Netflix shares moving lower down now by three percent Johnson and Johnson also after earnings falling after the health care giant's fourth quarter sales trailed estimates Johnson and Johnson down now by four tenths of one percent gold little changed on seventy six and see also drop of less than one tenth of one percent fifteen fifty seven we're seeing a sell off in crude oil today West Texas intermediate down two point seven percent fifty six seventy nine a barrel Brent down two percent we've got more on oil and natural gas coming up in just a moment recapping S. and P. eight that's a gain of three tenths of one percent Charlie Pellett and that is a Bloomberg business flash Charlie thanks a lot you are listening to Bloomberg businessweek Bloomberg radio streaming live on you too and this is Bloomberg could you talk a bit about energy it's been an interesting market to watch and I think it's timely I think about the launch of our green not interesting if.
Trump: Senate should decide on witnesses; Bolton testimony poses national security risk
"At the World Economic Forum in Davos Switzerland the president says he would prefer a long trial so witnesses could testify but some like former national security adviser John Bolton he says could pose a national security risk he knows some of my thoughts he knows what I think about leaders of what happens if he reveals what I think about a certain leader and it's not very positive and then I have to deal on behalf of the country is going to be very hard it's going to make the job very hard president put secretary of state Mike Pompeii in that category as well but Pompeii speaking to reporters in Kingston Jamaica says if he's legally required to do so he would be quote happy to
"davos switzerland" Discussed on 860AM The Answer
"Here in the house president trump says he wants the liver the state of the union is scheduled even if his impeachment trial is ongoing Mr trump told reporters in Davos Switzerland today the delivering the annual address on February fourth he scored very important to what I'm doing in setting his administration's agenda has the opening session of the impeachment trial reach a twelve hour mark and tempers on the Senate floor started to wear thin US Chief Justice John Roberts reminded senators house impeachment managers and president trump's defense to you where they are at I think it is appropriate at this point for me to admonish both the house managers and the president's council in equal terms are too remembered that they are addressing the world's greatest deliberative body day two of the trial begins this afternoon president trump has not ruled out future sanctions against Iraq but cited what he called a very good relationship when asked about potential plans for withdrawing US troops from that country Mr trump says the US has reduced the number of troops there what we're doing and we like them and we had a very good relationship I can only speak for my administration and one speaks of as the ministrations frankly but we've got a very good relationship and we're down to a very low numbers we're down to five thousand so we didn't do a very low number historically low and we'll see what happens Iraq's parliament passed a resolution urging the government to expel US troops in the country prompting Mr trump to respond with a threat not to leave unless directed reimburses the United States for a U. S. air base there a United Nations report says more than seventy percent of the.
Full interview: President Trump discusses trade, impeachment, Boeing and Elon Musk in Davos
"So president trump says he's very proud of his defense team in this impeachment trial the president just wrapped up a news conference in Switzerland where he says this trial is a continuation of an effort to life and attack him from the first day of this twenty sixteen campaign from the day I came down the escalator we've been fighting it I've been fighting it from the day I've been elected I would say probably long before it could be long before I came down the escalator that some people have said that which is hard to believe when judge it's hard to believe we've been fighting this I would rather have personally I'd rather go the long route it's horrible for our country our country has to get back to business we have people that are corrupt like Adam Schiff who miss coach I mean miss quotes makes up the statement he had no idea that I was going to release the transcripts he never thought I do that and for that I thank the president of Ukraine because we got their approval he had no idea I was going to do that but these are corrupt people some of them and some of them are just playing the political game but if you look at the poll numbers my poll numbers are the highest they've ever been if you look at the funding numbers if you look at what the money raised by the Republican Party is just set a record nobody's ever done this before it's because of the impeachment hoax there you go the impeachment hoax the president there in Davos Switzerland now the White House counsel that said Belloni he discusses quid pro quo and lawmakers have representatives from both sides of the aisle weighing in on this impeachment process you can search high and low in the articles of impeachment you know what it doesn't say quid pro quo because there
Trump again blasts impeachment "hoax" before leaving Davos
"Washington president trump wrapping up this time at the World Economic Forum in Davos Switzerland said of the impeachment trial minutes ago it's a disgrace they talked about their tremendous case and he sold under tremendous case they had no case it's
"davos switzerland" Discussed on Newsradio 1200 WOAI
"He was asked if he was happy with his legal team he said they're doing a great job he believes he is a great case and the first day of impeachment ended before two AM this morning it will start up again this afternoon president trump is set to hold a press conference this morning from Davos Switzerland will bring it to you live when it happens the governor of Washington state says there's no need to panic after a man in the state was diagnosed with a corona virus that is spreading around China the risk is low to residents of the state of Washington yeah this is certainly not a moment for panic or high anxiety is a moment for vigilance Jay Inslee said the CDC and the state health officials believe there's a low risk that the disease will spread to other people in Washington state the patient is a man in his thirties he recently visited central China he's in the hospital in good condition and police said the man is helping authorities identify people he may have had contact with since getting back from China this is the first confirmed case of this new corona virus in the US a twenty year old woman is clinging to life this morning after she was shot in the head and south side apartment overnight San Antonio police say she was in there with a man and two friends when the friends heard a gunshot rang out they rushed in and found the woman on the floor bleeding police recovered the gun used in the shooting and are looking for a suspect the border patrol in the valley has arrested a member of the the infamous MS thirteen drug cartel trying to sneak into the U. S. something officials say has but he has been arrested for at least ten times he's a twenty three year old Mexican national MS thirteen is an ultra violent transnational gang members have used the current immigration rush to sneak into the U. S. under the radar well three people were injured in a shooting at a fashion show mall in the Las Vegas Strip last night.
"davos switzerland" Discussed on WTVN
"Defeated in party line votes president trump is tweeting about the trial he is in Davos Switzerland with continuing coverage of the impeachment of president trump I'm Brian Clark ABC news cold frosty night low temperatures in the low to mid teens but warming to the upper thirties in the afternoon sunshine and not a lot of breeze so it's gonna feel pretty good high clouds on Thursday forty five a mix to rain Friday into Saturday again I'm ABC six first warning meteorologist Jim got on your severe weather station newsradio six ten WTVN ball ball ball ball ball ball today and and day in and day your networks presents coast to coast AM with George Noory we will take your calls next hour with mentor which as we talk about secrets of self mastery sure.
Trump warns against "prophets of doom" on climate at World Economic Forum in Davos
"President trump expressing skepticism about climate change during his remarks at the World Economic Forum in Davos Switzerland he said in order to embrace the possibilities of tomorrow the perennial prophets of doom and their predictions of the apocalypse must be
"davos switzerland" Discussed on NewsRadio KFBK
"Joe Biden had a corruption problem maybe CZ the pilgrim is in the morning overnight Sanders apologizing saying it is absolutely not my view that Joe is corrupt in any way and I'm sorry that op ed appeared in response Biden thank him for the apology tweeting these kinds of attacks have no place in this primary president trump is in Davos Switzerland at the World Economic Forum mastiff climate activist Greta tune bird was right about climate change that the environment the environment to be is very important prediction burgers also at that form health officials remaining cautious about the corona virus believed to have because six deaths in China ABC deal but he tells with more at how contagious it may be now we're learning of new cases indicating that the virus has the potential to spread from human to human proving that it does not only spread from animals to humans at least fourteen healthcare workers in China have now contracted the virus after treating infected patients you're listening to a BC lions alright time now to get a check on traffic will get outside looking with Bob Williams how's it looking out there we're starting to see some slow downs is this time around we are going to be checking out our commute coming out the Tracy around the triangle is report brought to us by farmers insurance a we are seeing slow and heavy traffic now on to a fly back to the Tracy area five eighty is backed up the highway one thirty two together they're up pretty busy until you got about north Basco wrote that things are better through the Livermore area if you're taking highway eighty four south towards the knowing that some heavy traffic there also sixty the southbound offer five eighty is slowing the Pleasanton area but staying on five eighty looking pretty smooth all the way into the Hayward area all the way to eight eighty this morning no incidents reported along the way bundle home and auto with farmers insurance and you could save an average of twenty percent Mike dropped Mike's covered call one eight hundred farmers to get a quote today traffic on the tenth every ten minutes morning good afternoon Bob Williams news ninety three point one K. it became there's a look at your forecast a chance of rain in the valley with highs in the low fifties then the rain could continue to night temperatures in the low forties tonight and tomorrow begins to clear it well clouds in the morning then some sun afterwards high in the mid fifties.
LIVE: Trump speech in Davos focused on economic achievements
"Minute the world's rich and powerful or in Davos Switzerland for the world economic forum's fiftieth annual meeting president Donald trump's appearance today which comes on the same day his impeachment trial starts in Washington began with him calling the trial a hoax and disgraceful in his speech he lauded his economic achievements and said the US is quote winning again like never
Trump tells business leaders of 'spectacular' US economy
"President trump is in Davos Switzerland today where he's been addressing the World Economic Forum trump told the gathering of business and political leaders under his watch the US economy has been what he calls nothing short of spectacular and this despite the fact that the fed has raised rates too fast and lowered them too slowly the federal reserve raised interest rates nine times between December of twenty fifteen and December of twenty eighteen it cut rates three times in the second half of last year the nation's jobless rate is near a fifty year low at three and a half percent Wall Street continues to set record
Trump blasts impeachment trial in Davos
"President trump's impeachment trial officially opens today in the Senate and peers got Newman reports there's likely to be some wrangling first over how the trial will be conducted on Monday Majority Leader Mitch McConnell introduced a four page resolution detailing his plan for the Senate impeachment trial only the third ever against the president McConnell wants to place a time limit on arguments with the house first making its case against the president in a total of twenty four hours in up to two sessions the same would apply to the defense the Senate jurors would then have up to sixteen hours for questions whether or not to allow witnesses would be decided after that lawmakers have until tomorrow morning to offer amendments but unless Democrats can peel off at least four Republican senators McConnell's plan is likely to stand Scott Newman NPR news Washington despite the Senate impeachment trial president trump is attending the annual World Economic Forum in Davos Switzerland that is where he is touting his administration's recent trade accomplishments just last week alone the United States concluded to extraordinary trade deals the agreement with China and the United States Mexico Canada agreement to two biggest trade deals ever made they just happen to get done in the same week these agreements represent a new models of trade for the twenty first century agreements that are fair reciprocal and that prioritizes the needs of workers and families the person rather the White House says that president trump will meet other world leaders at the economic forum in Switzerland they included the president of a rock and Pakistan's prime
Greta Thunberg calls on world leaders to listen to young activists
"S. B. O. journey president trop will speak at the of world economic summit in Davos Switzerland later on today seventeen year old Swedish climate activists Greta Thunberg is already spoken she's calling for an increase in support from world leaders like she's already seeing from global citizens Cyrus and the voice of the young people this is not being it's not in the center of the conversation and we'll see where the
Trump addresses World Economic Forum in Davos
"President trump is no where near the nation's capital however he is thousands of miles away in the Swiss Alps he's spending the next several days at the World Economic Forum in Davos Switzerland and the president gets things started with a keynote address this morning greeting world leaders on day one of the meeting he is rubbing elbows with the plan a strip planets richest people trying to drum up more investment in the
Greta Thunberg and Trump could face off at Davos
"As president. Trump's impeachment trial. Al Gets going. He's thousands of miles away in the Swiss Alps. He's speaking at the World Economic Forum in Davos Switzerland. It's an annual gathering of some of the world's most powerful business and political local leaders. And this year is its fiftieth gathering. NBC News says President. Trump's speech will likely focus on economic growth and highlight his recent trade deals with China Mexico and Canada data. It can also get a little awkward. A big focus of this year's forum is climate change so president trump might cross paths with teen climate activists. Greta Tune Berg who's also also speaking there the two don't really get along especially since trump rolled back. US policies that were meant to prevent the effects of Climate Change Fox News report. She's given trump icy stairs. There's that were caught on camera while he's mocked her on twitter forgetting Time Magazine's person of the year either way trump's visit will likely be pretty short only about two days hill likely back in Washington just as his impeachment lawyers begin their arguments.
Donald Trump and climate activist Greta Thunberg face off
"Back and forth quips between president trump and team climate change activist Greta tune Berg have gone viral on social media and that could heat up once again this week both are attending the annual World Economic Forum in Davos Switzerland and both are scheduled to deliver speeches on the same day climate change and the impact to the environment and economies will be high on the agenda at the global conference were business and politics mix with philanthropy and activism Michelle Franzen
Trump's legal team lays out impeachment trial strategy
"Continues to do we're meeting at the World Economic Forum in Davos Switzerland the president will be working and so will his team of A. list lawyers as they prepare documents and devise a strategy for his defense in the Senate impeachment trial trump's lawyers calling the two articles of impeachment an affront to the constitution more now from USA radio's Chris farms in Washington DC and then an executive summary of a pre trial brief the president's legal team argues the charge of obstruction of Congress was frivolous and dangerous the summary adds the Senate needs to speedily reject the articles of impeachment and a quick president trump along with using house Democrats of conducting a ready to process the brief claims they actually proved the president
Climate Change Takes Center Stage in Davos
"Bird in the back and forth quips between president trump and team climate change activist Greta tune Berg have gone viral on social media and that could heat up once again this week both are attending the annual World Economic Forum in Davos Switzerland and both are scheduled to deliver speeches on the same day climate change and the impact to the environment and economies will be high on the agenda at the global conference were business and politics mix with philanthropy and activism Michelle Franzen
"davos switzerland" Discussed on Bloomberg Radio New York
"From Davos, Switzerland at the World Economic Forum alongside Kane Jonathan Farrow with futures positive and stocks overseas higher to close out the trading. Wait, the news you need to know at this hour tech shares leading the way despite week twenty nine thousand four from Intel as west pagey in those shares down around about seven percent. This after soaring seventy five percent in yesterday's session. When California cleared the utility of responsibility, the California's wine country fire of the last year or so back in twenty seven as west shares of stock. Bucks. More than three percent fourth-quarter earnings beat estimates in the key Americas and Asia Pacific regions and the pound is heading for its best week in a year following reports the Northern Irish political party propping up Theresa May's government as privately agreed tobacco her Brexit deal. Some of the stories we're looking at this morning and some of the headlines from around the world, let's get some. Thank you very much Jonathan. Thank you, John. Roger stone along time Republican strategists sent in formal advisor to President Trump was arrested in Fort Lauderdale early this morning. It comes after stone was indicted by grand jury in the Russia investigation. Stone is facing seven counts including making false statements and witness tampering to associate stone have claimed he collaborated with WikiLeaks owner, Julian Assange to discredit Hillary Clinton's campaign. Bloomberg's chief Washington correspondent, Kevin cirilli. It goes on to suggest and it pulls from a specific dialogue that portion of it. Transcript rather between Roger stone and an investigator in which he lies and says that he did not have communication with Julian Assange a person for Julian Assange person, close to Julian Assange and WikiLeaks when in fact, there are text messages that's really say that he did global news twenty four hours a day on air and it tick tock on Twitter powered by more than twenty seven hundred journalists and analysts more than one hundred twenty countries. I'm Michael Barr. This is Bloomberg John. Thank you very much, Michael.
"davos switzerland" Discussed on The Energy Gang
"What is energy efficiency that sounds like a pretty simple question, but I can assure you it is not defining efficiency used to be pretty straightforward. Whether is upgrade equipment and lighting, maybe use a bit of social science to cut consumption. But now efficiency is becoming just as much about shaping demand in real time to support distributed energy, and that's shaping how it gets defined implemented. So we're gonna start a bit existential. Then we'll look at one particular technology that is catching everyone's attention as part of the electrify everything. Movement heat pumps, how can they slash energy demand? In homes will look at the broader suite of electrification and look at heat pumps, specifically finally will wrap up with a look at what's happening at the World Economic Forum in Davos, Switzerland. Catherine is there. Telling the world about the future of energy, and she comes to us from DAV OSA in a kind of crowded spot. I guess that's the closest you could get to a quiet spot there. Catherine. Greetings to you there in Davos. Thank you so much. It's three o'clock in the afternoon in my time. So I'm well on my way, so paint the picture of what's happening around you. Our listeners will hear some chatter behind you where you at and what's going on today. I'm actually in the World Economic Forum staff room, they have a huge room where all the staff that keep this place running and make sure all the panels go, well, and the speakers are where they need to be in are saying they need to say that all these people are here. And it takes a it takes a village to make this thing tick, let me tell you. So you bust in there with your microphone, you say step aside, everyone podcast a record. I think there was some begging involved, actually. You've come to us the last few years from there and we've picked up a lot of new listeners since last year alone. So it's good to remind people that Catherine is not there with the global elite sipping champagne and eating shrimp. Cocktail you're working pretty hard over there. I am. I don't own a for coat. I have what I call a a portable sleeping bag that I wear live in that podcast or lifestyle that right jigger what kind of lifestyle you live in over there in San Francisco at six in the morning. I'm living the embassy suites San Francisco airport lifestyle. So it sounds pretty similar. Well, I don't know about you all, but.
"davos switzerland" Discussed on WAFS Biz 1190
"After a back and forth with house speaker Nancy Pelosi her saying stay away and the president saying I'll look for an alternative president this evening decided to hold off until the stalemate his resolved. Florida Department of corrections records show the man arrested at a Bank branch were five people were fatally shot had been hired as a trainee prison guard in Florida in November and resigned just two weeks ago. See bring police arrested the twenty one year old after he surrendered a SunTrust Bank branch in that community police chief call Carl Hoglund asked the community to pray for the victims and their families. We ask that you please keep them in your prayers. Keep them in your thoughts and helps you bring in our community stay strong after a brief standoff with police swat team members moved in. They were able to talk the man into surrendering Venezuela's quickly escalated the crisis in Venezuela quickly escalated today as an opposition leader, Juan Guido backed by the Trump administration declared himself interim president in a direct challenge to embattled socialist, nNcholas Maduro who retaliate. By breaking off relations with the US biggest trading partner in Davos, Switzerland. Canada's foreign affairs minister Christie of Freeland said Canada's well as Colombia Brazil Chile and Peru also recognize the opposition man as the president. We recognize and express our full support for the presidency of Venezuela. Assumed by the president of the national assembly one Guido in compliance with the constitution of Venezuela. And we the members of the Lima group are preparing a fuller written statement widespread demonstrations were held on Wednesday coinciding with the anniversary marking the end of Venezuela's last military dictatorship in nineteen fifty eight more at townhall dot com. When it comes to your pain. Many of you might be skeptical black. I.
"davos switzerland" Discussed on WINT 1330 AM
"Bolt. The government shutdown is over to deliver his state of the union address after a back and forth. With house speaker Nancy Pelosi her saying stay away and the president saying I'll look for an alternative president this evening decided to hold off until the stalemate his resolved. Florida Department of corrections records showed the man arrested at a Bank branch where five people were fatally shot had been hired as a trainee prison guard in Florida in November and resigned just two weeks ago. She bring police arrested the twenty one year old after he surrendered at a SunTrust Bank branch in that community police chief call Carl Hoglund asked the community to pray for the victims and their families. We ask that you please keep them in your prayers. Keep them in your thoughts and helps even in our community stay strong after a brief standoff with police swat team members moved in. They were able to talk the man into surrendering Venezuela's quickly escalated the crisis in Venezuela quickly escalated today as an opposition leader one Guido backed by the Trump administration declared himself interim president in a d. Direct challenge to embattled socialist nNcholas Maduro retaliated by breaking off relations with the US biggest trading partner in Davos, Switzerland. Canada's foreign affairs minister Christie of Freeland said Canada's well as Colombia Brazil Chile, Peru. Also recognize the opposition man as the president. We recognize express our full support for the presidency of Venezuela assumed by the president of the national assembly one Guido in compliance with the constitution of Venezuela. And we the members of the Lima group are preparing a fuller written statement widespread demonstrations were held on Wednesday coinciding with the anniversary marking the end of Venezuela's last military dictatorship in nineteen fifty eight more townhall dot com. When it comes to your pain. Many of you might be skeptical black. I was about ordering relieffactor Pat Boone.
"davos switzerland" Discussed on Bloomberg Radio New York
"Meetings in Davos, Switzerland. Good morning. I'm Limburg radio and Bloomberg television, turn King John Farrell as well Bloomberg surveillance here with good conversation and economics finance investment. The politics of the moment the populism of the moment as well. And we welcome all of you worldwide. John populism to me is front and center there with Madame regard. It's really in every conversation, my struggle with one aspect of this conversation. Why inevitably Tacoma center interest to the idea that will populism? It's bad that everything within populism is negative the has to be some positive forces within this Tom within this reaction. Yeah. Absolutely. There does as well. Coming up, Scott minor will join us some Guggenheim chief investment officer as well. An interview with the Canadian central governor Stephen Paulus as well really looking forward to that. That'll be coming up in the next hour. An interview, of course, in the last ten minutes with the Bank of America, Brian Moynihan, who I think has spent most of the last week, Tom basically telling people that things. Okay. He told me that actually another people share that few to things on as bad as maybe some people say on this program. Is the overlay here in you is better than major. The Bank earnings were very uneven Bank to Bank to remind ourselves moynahan like Redel, yo here is taking a victory lap at least on acute four losing lesser doing. Not just chief fullest take stock of twenty. Eighteen for money, the big banks on Wall Street, some the endings book, right? The stock performance less side. It was difficult to reconcile the two things. And the reason being Tom as we look forward to twenty nineteen a lot of people are sitting here saying, okay, yes, earnings were solid. Twenty nine hundred is going to bring what twenty twenty it's going to bring that downturn possibly about possible. Downsides might looks like it's been measured as well. I mean, the idea of a downturn or the idea of a recession I'm going to give the people your credit for being maybe a little less Sterckele about it than what we saw back in the studios in New York. Yeah. I think what's become clear the end of twenty eight hundred and we have this real fair amongst market participants in economists ally, the maybe it was twenty six again, a real profound growth fair waking up in twenty nine. You don't get that sense that it's not drastic at least compared to twenty six. Sonnen. Kennedy dropping by the studio to join us. Do you get that sense as well Simon that maybe things on as bad as early twenty six thousand weather was this real fear out there for the global economy? Yeah. And I think that's the lesson if it's a lesson or if it's a misguided advice from the Davos consensus is that they're not quite sure how we get from where we are now fatty robust growth, obviously, amazing employment data in the US tourist session. What that is. And so when you talk Jay frankly yesterday was talking about by the hysterical reaction to whatever you got a bit of a slowdown somewhere. Everyone starts shouting recession in the theater, and that's not necessarily the case. They call it quite up route that the health check is a decade ago eleven years ago this same crowd didn't see the pending crisis. There's a big difference between now and sixteen and now a decade ago as well Simon actually brought and I talked about it a little bit. It's the policy response and the capacity to some of these countries some of these regions have to deliver a policy response by fiscally. And it sounds a monetary policy as well. Who's looking good who's looking bad? So big questions for the tomorrow. The the language coming out to the drug druggies that this is all within the within the road that he's laid out and overseas got forecast the rate hike by the end of the year, but it's still got four guidance that it's possible after the summer the beach party going to walk a tight rope Tobar, but may become be a bit more dovish without rolling themselves out, obviously marriage ATI might not be demand to to raise rates jerem pilot. Federal Reserve has to some extent successfully recalibrated, his his model not this himself others on the fed talking about a bit of patient March coming out as a as an unlikely date for for the fresh hike and enrich mellow talking today about how the fed scrap Lynnwood with its balance sheets as well. So good store on Bloomberg for that. Kennedy. On the global economy. Now, Dan will catch up with Simon. Bloomberg saving bloombergradio looking ahead to president. Mario Draghi looking back a little bit. Now, we spoke to Bill Gates who wants that wealthier countries could overlook house. Funding gates, of course, is the co founder of Microsoft and chairman of the Bill and Melinda Gates Foundation. Are put over ten billion into those efforts. Now overall, it's one hundred billion most of moneys come from the foreign aid budgets, and so she said a lot of what we're saying here at Davos is. Let's look at that track record. Let's look at the concept learning that's taking place, and despite all these distractions let's maintain that commitment because we can get even further the replenishments for those two funds or coming up over the next year. The first one global fund is in October and France and. Any time. Somebody looks at this particular thing go and see the work there enthused. So I think we will avoid the fact that it's far away. The fact that there's other things we'll avoid this getting overlooked. Is there a worry that actually this gets overlooked, and how do you pitch to investors? If you have innovation this is what can help the poor of the innovation through medicine, what kind of advice, and it's better if you have returns, what kind of advice, would you give to investors? How do they do good without losing money? Well, in a lot of these cases, these are grants, you're not gonna get a direct return. Now the economic benefit because you have kids surviving participating that Konami. You have them be very healthy the returns overall are fantastic. We had some people going and look at it. And it was over a twenty to one return, but that's not coming back in the form of a dividend. That you're taking countries that are not stable were lots of kids up to fifteen percent of the kids die before the age of five, and you're helping lift them up so over time like India or Nizhny Vietnam, they graduate from being a recipients, they participate in the world economy. And you get the stability that means that you're not going to have to go expend defense resource there. You're not going to have a pandemic there because their health system all kept sadder, leeann stop it before it spreads. So with the right perspective, which is a long term perspective. These are very impactful, in fact of all the dollars the government spend, I'd say you're not going to be saving lives for less than a thousand dollars per life except in this area. Go gates of Microsoft co-founder, of course, and chairman of the Bill and Melinda Gates Foundation. This is always a joy and a number of ways to speak with Steve with Bain capital associated with small basketball team up in Boston as well. Truly one of the most interesting guys in investment in America wonderful to have you here today. And you're like this is Tom Brady, or Mr. whatever he is a slave for fashion here in Davos valley, Steve Canada goose, and it's a newer coat. And you're you're the brand ambassador this year. That'd be great. I love the company and the CEO Daniel he's done a great job on our team. And it's now a worldwide global company, it's fitting to where this it's actually the first time I was ever warm at Davos his cO endorsement there as well. But I want you to explain your pixie dust when you go into a company, and you don't tear management apart. You don't blow it up you assist them to branding revenue and operating income success. Give us an example with candidate. That's a great question time. I go back to the founding of Bank capital. We're very unique at it was still unique where you're unique at the time because no other private equity or venture capital shop spawned out of a consulting firm. So the theory Bill Bain had was you could take the consulting skills that were building companies long-term buy them directly work with management says as kind of a tool for management to help build those companies so that was thirty five years ago, and at the time, no one thought that would work it took two years to raise thirty six million dollars this laughable, these two years, and I think only one. Institution wants smarter Bessemer put money in my closet home. John Farrell is loaded with Canada goose. Let's how did that. Let's talk about. What's changed back? Then it was how to raise capital it was easier to deploy. It is easy to raise capital. It's harbor lawyer. So how do you deploy it right now? It's back back to Tom story. What we've done in situations numerous times three years like Canada goose we first met a great entrepreneur. He wanted to take the business global. He was from Canada and had been a great business up there. We have a great retail consumer team led by Josh Beckett Stein. And the Ryan cotton, and we laid out a vision on how we can help them get global how we get help from getting into storefronts how we could help them with the supply chain how we could bring a retail playbook to make this be large global company, and he really liked that idea. And so he kept a lot of the company and we bought about sixty percent of the company at the time. And now the company is a is a multibillion dollar company global the plan has come to fruition. He's still running. Yeah. It's so bad vet Bill has candidate trumps my kids. Dog canada. Jess. You guys recently took the Harvard University's real estate portfolio of people raised some eyebrows. And thought a real estate portfolio now this late in the cycle. Why it was a great match. We had been looking to get into real estate for probably thirty years. I was on a project three years ago to look at it. And we never thought it was the right time the cycle because it's gone up and down Harvard had an issue where they decided they were going to outsource investment management. Not doing it. Internally the Harvard group had a very similar philosophy that we have been capital really add value look for unique product line. So they the group over there was focusing on medical offices folks have the biotech industry, we saw a lot of growth have profited that doing that selectively there only three miles down the road. So this was seamless transition one day were at Harvard all twenty people came came to Bain capital. We understand real estate. We have all companies that need real estate, and this niche strategy we felt could kind of power through the potential recessionary approach real estate of question. Why are you excited about deploying? Capitol right now going back to the point that you can raise capital great, but deploying its challenging west the big opportunity right now for you what excited about well. It's really challenging right now since the markets have been topple that we've seen a little bit come down on this month's. But I've talked to you guys from in the eighties nineties to thousands. And every time I literally in all those years you every question is too much money chasing too few deals. So what really is happened globally as private equity has gone global? It's a model that works certainly the Bank capital model with vertical markets and helping management teams grow. You just got to be selective selective is the key. Now for the tension of Davos Rams are patriots. Absolutely patriots. Surveillance break we're going to get the headline across the bottom of the of the story. It has been a great twenty year. Here we go. This will.
"davos switzerland" Discussed on WCPT 820
"Important now in particular that the president has announced withdrawals from Syria and Afghanistan that we understand the situation on the ground. We had anticipated important defense and intelligence briefings in Afghanistan. We were looking for the opportunity to reassure Nido allies. Undoubtedly shaken by reports that the president has questioned his staffer pined about leaving NATO. We're determined to make sure that our NATO allies understand it on a very bipartisan basis. Our commitment to Saito is strong. Okay. Oh my God. And then how about that? Because people don't immediately started pointing out. Oh, you're going to pay for military flights for your for your Jovanka to go to Davos, Switzerland. Right. And so then they had to find. What when did they do something Travis when they get shamed into? So then he had cancelled the Davos trip. Zone people up. Yeah. Exactly. He stepped on a rake. The break factory again, Donald. You know, I've been making this film, and I have two girls at home. So I'm very busy. But even I notice which will probably bring up speaking flying places wasn't there. A Mr. appropriation of funds from the Porto Rico hurricane relief, and sort of Florida peachable that he instructed John Kelly wanted zero dollars to go to Puerto Rico. Impeachable. It's bad. It's garbage. It makes Matan person not impeachable. What happened? Impeachable I'm overreach overreach. Calm down ice crisis. That's just creepy and offensive and wrong. But it's not just shows these garbage persons. It's the same. First of all how much clearer can be that. He's a giant afraid of strong women that will tell you right now is exclusively because of the female mayor of San Juan who was outspoken Nancy Pelosi tantrum. He just does not know what to do with women. He can't control calls. The Nancy Pelosi tantrum is wasn't having yet. It's a made up thing. She's ten trim. She was. To delay. The state of the union to the government opens. You've just know that there was a fist bumping. And like he just thought this was. Awesome. You guys out there? Waiting to pick up right now. That's good workout. Jim. Thanks. I'll man, you know. Bam like how would you wanna bet at some point yesterday? Jared said sick, burn dad. Fist-bump Joe campiello said in the British depictions of the Nazi are Adolf Hitler is like that reluctant fist-bump reluctant Heil that they had to give the fury near the how. They wouldn't even go all the way. Yeah. We'll give you. Okay. Right. Or is the freaking due to the letter writing music. Do this down to the original obviously written in crayon or maybe he dictated do shut down. I'm sorry to inform. You. Jared. Biology is to Guinness did has been postponed. Okay. And she's welcome to.
"davos switzerland" Discussed on 600 WREC
"With your chopsticks out six hundred and ninety two point one FM. Hi, welcome back. Ferguson show. I just got word that apparently Nancy Pelosi staff. Was quote in. Infuriated over this. The White House has cancelled the planned delegation trip to Davos, Switzerland. For the World Economic Forum press secretary Sanders announced today as well out of consideration to the eight hundred thousand great American workers not receiving pay in to ensure his team can assist as needed. President Trump has cancelled his delegation trip to the World Economic Forum in Davos, Switzerland. Sanders said in the statement now again, this is him just showing that he's staying here to put this shutdown front and center, he's not leaving the country's president textually where he actually has a job to do. And so why are Democrats going on a fun trip for a week while the government shutdown President Trump previously cancelled his trip to Davos, which would have been led by Treasury Secretary. Steve Mnuchin serious state, Mike Pompeo commerce secretary Wilbur Ross United States trade Representative and deputy chief of staff for policy coordination. We're also scheduled to travel to Switzerland for the annual economic conference. They have now cancel that saying we the White House delegation is cancelling our trip to focus on the government shutdown against the White House. Cancel the US delegation trip to the World Economic Forum in Switzerland over this issue. That's what they're saying. Now about it. So let's get to your phone calls five three five nine seven three two. And look this is the president putting his money. Whereas math is you're not going on this trip. Nancy pelosi. I'm canceling your plane because the government shutdown. We're not going to Switzerland either. So that we can sit here and wait for you to negotiate. So you guys wanted to go she ate. Let's go. You guys want to get this done. Let's go Wayne, you're on the Ben Ferguson show. Nice to have you. Go ahead. Being. Yes, thank you for taking my call. I'm the father of us. On the streets. Memphis. Readily available. Oh. I for people that may not have understood what you said, I think you said your son is on the streets of Memphis, correct? And I'm assuming emotional, it's it's okay. You can be emotional your sons on the streets members, I'm assuming you're you're referencing some sort of drug addiction. Yes. Heroin. Ninety percent of heroin coming across the southern border. Yes. Nancy Pelosi and the Democrats say including people like congressman for Memphis, probably where unfortunately, a lot of heroin that your son buys purchases. Steve Cohen and. Steve Cohen is obsessive. Bring the president down. Not obsessed with staffing the heroin flooding into the city that has your son on the streets of Memphis. Greg. I am. You know when people. I know it says, okay? I'm just when people say that when politicians I should say, this is a better way. Putting it Wayne say there is no threat from the southern border that this is a manufactured crisis is what the Democrats talking point has been. And you see what your family is going through and what your son's dealing with right now with this addiction to hear when knowing that ninety percent of it comes across the border. What do you have to say to them about their partisan politics? When you're seeing what actually happens by allowing these drugs across the border. They are insane insane. If they don't see the problem. How long has your son been dealing with us? Eight years. My thoughts are with you your family, Wayne. And and and I hope that your son gets clean. Ninety percent plus of heroin all comes across the southern border. And you're proof that this is not a manufacturer crisis. What your family dealing with freight years is proof that this isn't just about illegal immigrants? This is about the safety of the American people from getting addicted to these types of drugs like here when like your son is on. It's everywhere in Memphis is everywhere on every corner in Memphis now heroin is is a very easy drug to get a Memphis statistically, we we are a corridor for drug shipments throughout the rest of the country. We've known that for years. Now, we we have seen the amount of drugs, and what it's done to the inner city we've seen with drugs have done here in the mid south. We've seen what it's done in west Memphis. We've seen what it's done in Mississippi. What you're saying right now is is completely accurate. And I'm sorry. I was doing my emotional. You're not stop apologizing. You're you're you're a father whose son you're terrified that. The worst is going to happen. Probably this morning. Heroin.
"davos switzerland" Discussed on KTLK 1130 AM
"You get there. There's a big long line. But so we have to gates to enter the airport because they are connected in the middle. They just shut down. And so they said that's enough. So Miami is now feeling a little bit of the effects of. So they're TSA lines are a little longer. But here's here's some of the things that are direct effects from the shutdown. For instance, the national parks this year getting trashed. All I can say to that is thank God. It's not summer because if it were summer people would still be going there, and they'd be throwing trash out onto the the ground. Yeah. Well. This summer in the south. Joshua tree national park, evidently off roaders are going in there now because they're no Rangers, and they can go through and and and not get caught vandalizing. I think the iconic Joshua tree itself. I think they're carving Senator. So let's see we made the list zoo and Oregon is offering free admission for furloughed federal workers. J P Morgan is lowered its GDP estimate to two percent from two point two five percent for the first quarter primarily citing the shutdown. Maybe that's why J P Morgan. Maybe. That's why the stock market is gonna react a little bit today. Let's see what else the president cancelled his plan trip to the World Economic Forum in Davos, Switzerland. I don't think he enjoyed going that much anyway. And it's cold. It's really cold. They don't like him there. Anyway, taxicab in ridesharing drivers in Washington reporting less than average ridership US. Mass transit. Systems have temporarily lost financial aid that supports a wide range of needs from daily maintenance and service to ongoing repair and expansion projects. I wonder if max will be affected before long people missing.
"davos switzerland" Discussed on AP News
"To Davos, Switzerland. And the World Economic Forum because of the partial government shutdown this day twenty of the shutdown federal workers have had a rally in Washington. This is union official. Randy Irwin anymore. Never in the first place. Ruining people's lives. The AP saga megani reports. The impact of the shutdown is now hitting Bank accounts tomorrow is federal payday, but more than eight hundred thousand federal workers will not be getting checks asked about their suffering, President Trump steer the conversation back to immigration human pain. The parents. Children killed by the legal immigrants that you've never been in the country. Democrats are bashing his lack of empathy for Americans who won't have money for necessities. Rent payment, their car payments house speaker Nancy Pelosi took a shot at the president's own upbringing in saying they may not have the same luxury. He did these people cannot go to their fathers. To cover their payments. Saga megani? Washington. The president is in Texas near the Mexico border speaking in Washington Federal Reserve chair Jerome Powell was asked about the economic impact of a partial shutdown the aggregate level the economy generally does not reflect much damage from his down a longer shutdown. Is something we haven't had if we have an extended shutdown than I do think that that would show up in the data free clearly before he left the White House today. President Trump said he did not know anything about allegations is former campaign chairman Paul Manafort shared polling data during the two thousand sixteen presidential campaign with a business associate accused of having ties to Russian intelligence Christmas wasn't very many for re Mary for retailers. The sales numbers are in. They weren't good. Macy's shares are taking the biggest hit on Wall Street. This is AP radio news. The partial shutdown is having an impact on the Federal Bureau of investigation. The FBI agents association says the partial shutdown of the federal government is affecting bureau operations in a petition sent Thursday to the White House and congressional leaders the association urges that the F B I should be funded immediately in a conference call with reporters association. President Tom O'Connor noted that Friday will be the first day.
"davos switzerland" Discussed on AP News
"Trip to Davos, Switzerland. And the World Economic Forum because of the partial government shutdown this day twenty of the shutdown federal workers at a rally in Washington. This is union official. Randy Irwin anymore. Never in the first place. People's lives the AP saga megani reports. The impact of the shutdown is now hitting Bank accounts tomorrow is federal payday, but more than eight hundred thousand federal workers will not be getting checks asked about their suffering President Trump steer the conversation back to immigration. The parents of faithful. Children killed by the legal immigrants that should have never been in. The Democrats are bashing his lack of empathy for Americans who won't have money for necessities. Gary rent payment, their car payments house speaker Nancy Pelosi took a shot at the president's own upbringing in saying they may not have the same luxury. He did these people cannot go to their fathers to cover their payments. Saga megani? Washington. The president is in Texas near the Mexico border speaking in Washington Federal Reserve chair Jerome Powell was asked about the economic impact of a partial shutdown the aggregate level the economy, generally does not reflect much damage from his shut down a longer shutdown. Is something we haven't had if we have an extended shutdown than I do think that that would show up in the data pretty clearly before he left the White House today. President Trump said he did not know anything about allegations is former campaign chairman Paul Manafort shared polling data during the two thousand sixteen presidential campaign with a business associate accused of having ties to Russian intelligence Christmas wasn't very many for Mary for retailers. The sales numbers are in. They weren't good Macy. Shares are taking the biggest hit on Wall Street. This is AP radio news. The partial shutdown is having an impact on the Federal Bureau of investigation. The FBI agents association says the partial shutdown of the federal government is affecting bureau operations in a petition sent Thursday to the White House and congressional leaders the association urges that the FBI should be funded immediately in a conference call with reporters association. President Tom O'Connor noted that Friday will be the first day that FBI personnel will not be getting a paycheck..
"davos switzerland" Discussed on AP News
"Trip to Davos, Switzerland. And the World Economic Forum because of the partial government shutdown. This is day. Twenty of the shutdown federal workers have had a rally in Washington. This is union official. Randy Irwin anymore. Funny in the first place. People's lives the AP saga megani reports. The impact of the shutdown is now hitting Bank accounts. Tomorrow is federal payday, but more than eight hundred thousand federal workers will be getting checks asked about their suffering, President Trump steer the conversation back to immigration human pain. The parents of children killed by the legal immigrants that you've never been in. The Democrats are bashing his lack of empathy for Americans who won't have money for necessities. Gary rent payment, their car payments house speaker Nancy Pelosi took a shot at the president's own upbringing in saying they may not have the same luxury. He did these people cannot go to their fathers to cover their payments. Saga megani? Washington. The president is in Texas near the Mexico border speaking in Washington Federal Reserve chair Jerome Powell was asked about the economic impact of a partial shutdown the aggregate level the economy, generally does not reflect. Much damage from shut down a longer shutdown. Is something we haven't had if we have an extended shutdown than I do think that that would show up in the data pretty clearly before he left the White House today. President Trump said he did not know anything about allegations is former campaign chairman Paul Manafort shared polling data during the two thousand sixteen presidential campaign with a business associate accused of having ties to Russian intelligence Christmas wasn't very many for re Mary for retailers. The sales numbers are in. They weren't good. Macy's shares are taking the biggest hit on Wall Street. This is AP radio news. The partial shutdown is having an impact on the Federal Bureau of investigation. The FBI agents association says the partial shutdown of the federal government is affecting bureau operations in a petition sent Thursday to the White House and congressional leaders the association urges that the FBI should be funded immediately in a conference call with reporters association. President Tom O'Connor noted that Friday will be the first day that FBI personnel will not be getting a paycheck..