38 Burst results for "Defense Ministry"
Bloomberg Radio New York - Recording Feed
Monitor Show 14:00 08-12-2023 14:00
"Alison Trager is a Bloomberg opinion columnist covering economics, and that does it for this week's Bloomberg opinion. We're produced by Eric Mollo and you can find all of these columns of the Bloomberg terminal and we're available as a podcast on Apple, Spotify, or your favorite podcast platform. Stay with us. Today's top stories and global business headlines are just ahead. I'm Amy Morris. This is Bloomberg. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. The Maui wildfires are now the deadliest natural disaster in Hawaii's history. Officials raised the death toll to 80 early this morning as search and rescue operations continue around the clock. Over a thousand buildings have burned to the ground and hundreds of local residents are still unaccounted for. Hawaii's attorney general has opened an investigation into the state's response to the devastating wildfires. The probe will also focus on the lack of warning sirens in the hard hit resort town of Lahaina and other areas. The Kremlin claims Russian forces downed 20 Ukrainian drones over its annexed territory in Crimea today. The drone strikes follow similar attacks on Moscow. The Russian defense ministry also said it stopped a pair of missile strikes on the Kerch Bridge connecting Crimea to the Russian mainland. Former President Trump is scheduled to appear at the Iowa State Fair today. Michael Kastner reports. He'll be alongside a group of Florida Republicans who have endorsed him over their home state governor Ron DeSantis. Reports say DeSantis is also expected to attend the annual event in the key early voting state. Polling shows Trump holding a big lead over DeSantis and all the other candidates for the 2024 GOP presidential nomination. An investigation is underway after a three year old girl from Venezuela.
WTOP 24 Hour News
Fresh update on "defense ministry" discussed on WTOP 24 Hour News
"Physicians are not boys or agents of this hospital this is wtop news nine twenty three russia says it shot down more than thirty ukrainian drones in an attack on border regions this morning it appears to be keith's largest single cross -border drone assault reported by moscow since it launched its invasion of ukraine twenty months ago russia's defense ministry isn't currently providing any evidence of the attacker details about damage or casualties ukraine is pressing on with a slow moving counter -offensive that it launched three months ago even as uncertainty grows over future the supply of weapons and ammunition from its western allies since a new law went into effect on sunday dozens of people have sued the state of maryland and its department of juvenile services over alleged child sex crimes happened that years ago they literally put wolves in the sheet that's how sharon israel an attorney representing fifty clients who were in the care of maryland's juvenile justice system describes the abuse out laid in six lawsuits filed by four firms the abuse says israel dates back decades our earliest client was nineteen sixty two he's currently sixty eight years old and he finally has a remedy escrow with the law firm bailey glasser says up to three hundred fifty people have reached out to attorneys now that the states eliminated the statute of limitations on suing for damages in cases of child sex abuse the maryland department of juvenile justice issued a statement saying it takes allegations of sexual abuse of children in its care very seriously kate is sports at twenty five and fifty five powered by red river technology decisions are in black and white think red they've pressed in post -season baseballs yes the wild card run deltas thus for games yesterday philadelphia
AP News Radio
Russia says drones lightly damage Moscow buildings before dawn, while Ukraine's capital bombarded
"A rare drone attack in Moscow has caused light damage and forced evacuations. It's the first time residential buildings have been struck in the Russian capital since the war in Ukraine began. The Russian defense ministry says 5 drones were shot down and the systems of three others were jammed, causing them to veer off course. Moscow's mayor says two people have received treatment for unspecified injuries, but were not hospitalized. President Putin claims it's an attempt from Kyiv to intimidate Russia and that it's a clear sign of terrorist activities. Ukraine has made no direct comment on the attack. The Kremlin, meanwhile, has pursued its relentless bombardment of Kyiv with a third assault on the city in 24 hours. I'm Lawrence Brooks
WTOP 24 Hour News
Fresh update on "defense ministry" discussed on WTOP 24 Hour News
"Five thousand workers stalled wtop's neil augustine is at the kaiser medical offices in springfield he joins us now live so a few dozen employees are picketing here on the sidewalk in front of this large medical office building they're chanting for a fair contract the affected employees in virginia and dc are a pometrist and pharmacist you may see some picketing at maryland offices too kaiser says it's been contacting patients to reschedule some non urgent appointments and procedures that expects this and most facilities to operate as normal with little option reporting live in springfield neil augustine wtop news okay neil in a history -making move kevin mccarthy has been voted out as house speaker democrats joined a handful of hardline republicans to force out mccarthy the first time a speaker has been ousted by lawmakers in the two hundred thirty year four history of the house more from wtop's mitchell miller today on the hill the historic vote was 216 two to ten and included an announcement never made before in the history of the house the office of speaker of the house of the united states house of representatives is hereby declared eight republicans were joined by all the house's democrats florida's matt gates a conservative who's been a nemesis of mccarthy argued during debate that he needed to be forced out for a variety of reasons staying late at night working hard that's what the american people expect it's something speaker mccarthy hasn't delivered and that's why i've moved to the vacate chair louisiana republican garrett graves a mccarthy ally defended him and is in disbelief over what's taken place i keep wondering what is going on are we redefining what conservative is what's going on in this country today what's going on in this body north carolina congressman patrick mckenry has been chosen to serve as acting speaker meanwhile until house republicans elect a new and permanent speaker all legislative action has ground to halt a on capitol hill mitchell miller w t o p news now joining us live to go deeper on as cbs congressional correspondent scott mcfarlane scott where do we go from here have any possible it's four speaker emerged yet there are people making calls and in a speaker's race michelle you make those sis early as possible so no surprise that's begun already but to the frustration of many people in both parties and no doubt to our local federal workers here as we face the prospect of another government shutdown the congress just peaced out here for a week the u .s. house is gone till next tuesday they won't have speaker a no vote till at least another week if not longer the house is kind of in this state of paralysis right now they've locked the doors turn the lights off until a new speaker is chosen and we are several away days from a vote yeah and we have that deadline next month for that new spending deal to get done as you were alluding to what could this mean for that this is ominous for the prospects of averting a government shutdown not just because of timing although timing is an issue we're less than 45 days away from the next deadline and there is not a functioning us house not a good sign but also unequivocally the critics of kevin mccarthy say they don't like the deal he cut to keep the government shut down open those defectors inside the republican conference moved on him in part because he kept the lights on and the doors open and work with democrats to do it the next speaker is going to be under some type of pressure not to cut that kind of deal and there still is a democratic controlled senate still a democrat in the white house this has got all kinds of battle that's scott thank you were gonna stay on top of this of course that is cbs news scott mcfarland their congressional correspondent russia says it shot down more than thirty ukrainian drones in attack an on border regions this morning it appears to be keev's largest single cross -border drone assault reported by moscow since it launched its invasion of ukraine twenty months ago russia's defense ministry isn't currently providing any evidence of the attacker details about damage or casualties ukraine is pressing on with a slow -moving counter that launched three months ago even as uncertainty grows over the future supply of weapons and ammunition from its western allies be aware you can expect your afternoon to be briefly interrupted by an emergency alert test today it will go out across phones radios and tvs that test is set at two twenty this afternoon now wireless phone customers will get a message saying this is a test of the national wireless emergency alert system no action is needed people listening to the radio like us tlp or watching tv will get a message lasting one minute federal law requires this emergency alert system test at least once every three years the last nationwide test was in august of 2021 on coming up another price increase is likely coming for a streaming service at seven thirty six over seventy percent of federal agencies don't have full knowledge of where their data is stored impacting agency leaders ability to make informed decisions and accelerate digital transformation claudera government solutions offers data and motion capabilities that helps agencies move any data from any source to any destination turning your silo data into strategic assets claudera harnesses modern data architectures to improve visibility and speed analysis with built -in security and governance visit claudera .com
AP News Radio
Russia launches pre-dawn air raid on Kyiv; Moscow attacked by drones
"Russia has launched a pre dawn air raid on Ukraine's capital, killing at least one person. It sent Kyiv's residents again scrambling into shelters to escape her relentless wave of daylight and nighttime bombardments before daylight the buzzing of drones can be heard above the city, followed by loud explosions. As they were taken down by air defense systems. Early information from the key of military administration says air defense forces destroyed at least 20 Shah had explosive drones in the city's airspace, its Russia's third attack on the capital in the past 24 hours. Meanwhile, in Moscow, residents there have reported hearing explosions and the defense ministry says 8 drones had been fired at the city. Moscow calls it a terrorist attack by the key of regime. It said 5 drones have been shot down and the systems of three were jammed, causing them to veer off course Ukraine hasn't commented on the Moscow attack, which would be one of its deepest strikes in Russia since the invasion began. I'm Lauren Brooks
WTOP 24 Hour News
Fresh update on "defense ministry" discussed on WTOP 24 Hour News
"Baseball's playoffs begin as a record streak ends all the commanders prepare to battle the Bears sports in 10 minutes on WTOP here's John DeSimone president of intelligence cybersecurity and services at Raytheon an RTX business October cybersecurity month and this year marks its 20th anniversary each October government and industry come together to raise awareness about the importance of cybersecurity as individuals there are a handful of easy actions we can take to increase our personal cybersecurity such as enabling multi -factor authentication using strong passwords and a password manager updating our software and recognizing and reporting phishing improve to our digital security but for our nation to be secure we'll take more than that our country faces a critical need for cybersecurity professionals that is why Raytheon partners with the National Cybersecurity Alliance and sponsors the National Collegiate Cyber Defense Competition and the US Cyber Games to promote individual cybersecurity and provide college students and young cybersecurity professionals hands with -on experience that can't be found in the classroom programs like these are critical to developing our future cybersecurity and protecting workforce our way of life learn how Raytheon safeguards our nation from cyber threats at rtx .com slash cyber everything you need every time you listen wtop news 615 I'm Michelle Bash and I'm John Aaron Russia says it shot down more than 30 Ukrainian drones nighttime in a attack on border regions this morning it appears to be Keeve's largest single cross -border drone assault reported by Moscow since it launched its invasion twenty months ago Russia's Defense Ministry isn't currently providing any evidence of the attacker details about damage or casualties Ukraine is pressing on with a slow -moving counter offensive that it launched three months ago even as uncertainty grows over the future supply of weapons and ammunition from its western allies in a region with huge demand for more housing Prince George's County is considering capping the number of permits issued for new home construction next year Council Chair Tom Dronoga says to he doesn't stop want new homes from being built he just thinks too many homes aren't being built where Put a cap on the places that you don't want growth and let it occur but at a slower speed and then focus development the where you want it to go his focus is on the county's transit centers near metro stations and inside the beltway the way to do that is to make it easier and more attractive to develop inside the beltway not try to make it easier and more expensive to develop outside the beltway Casey Anderson is with Rogers Consulting and is working with the Maryland Building Industry Association which is against any sorts of caps they argue the county needs to make it easier to those build in focus areas in Largo John dome and WTOP news Amtrak's plan to replace its high -speed Acela train cars with new ones is more than three years behind schedule and a new government watchdog report says all the rail cars produced so far have major defects include glass windows that suddenly shatter drainage problems that can cause corrosion to key parts and some hydraulic systems that leak fixing these problems could do higher costs and more delays in a statement NBC 4 an Amtrak official says the new trains will deliver smoother service between Washington New York and Boston but the rail cars can't carry passengers until the manufacturer completes testing its and the cars meet all safety requirements Amtrak doesn't expect the new cars to go into service until year next the General Services Administration is rethinking public outreach for government services Federal News Network's Jory Heckman has more. Expecting a package from the Postal Service or a passport from the State Department you might someday get a text message telling you it's on its way that's the idea behind us notify a digital notification service under development as a pilot at the General Services Administration the platform would allow agencies to send customized text messages to customers to keep them updated on the status of certain benefits and services GSA administrator Robin Carnahan says us notify builds on similar concepts launched by the United Kingdom and Canada it's really just a perfect example of where you don't have to just keep reinventing the wheel Jory Heckman Federal News look now at the top stories we're working on at WTOP hundreds workers of healthcare in our area expected to go on strike this
AP News Radio
China says ready to 'smash' Taiwan self-rule as US prepares major arms package, sends advisers
"China sent a stern warning on Taiwan as the U.S. prepares a major arms package. A recent increase in exchanges between the U.S. and Taiwanese militaries is an extremely wrong and dangerous move. China's defense ministry spokesperson tan cafe says in a statement and video posted online in a reference to Taiwan's closest ally, the U.S., ten continues, the People's Liberation Army continues to strengthen the military training and preparations and will resolutely smash any form of Taiwanese independence secession along with attempts at outside interference. The U.S. is reportedly preparing to accelerate the sale of defensive weapons and other military assistance to the self governing island democracy. I'm Charles De Ledesma
AP News Radio
Officials: US to send Ukraine $300 million in military aid
"With the spring offensive expected and reports of low ammunition supplies, the U.S. is sending its 37th tranche of military aid to Ukraine at the same time Russia's spurring its industry to boost weapons production. I'm Ben Thomas with an update. Russia's defense ministry has released footage of tank crews firing on targets. It says, are Ukrainian forces. At the same time, minister Sergey shoygu says he's instructed the state owned company that makes high precision weapons to double production in the shortest possible time, a UK defense ministry assessment says Russia does not have enough munitions to successfully remain on the offensive. On the other side, the Biden administration is sending Ukraine another $300 million in military aid. Artillery rounds howitzers air to ground rockets and ammunition. Plus Hydra 70 unguided rockets that are fired from aircraft and the rockets for high Mars, high mobility systems, U.S. Military aid to Ukraine since Russia's invasion now totals about $36 billion. I'm Ben Thomas
AP News Radio
China flies 38 warplanes near Taiwan, 6 navy vessels in area
"China is flexing its military muscle around Taiwan. I'm Lisa dwyer with the latest. The Taiwanese defense ministry says China's military flew 38 fighter jets and other warplanes near Taiwan, the latest display was the largest since Beijing held exercises earlier this month in response to a meeting between the island's president and U.S. lawmakers. 6 navy vessels were also spotted as part of China's campaign of intimidation against self ruled Taiwan, 19 of the aircraft, flew across the midline in the Taiwan strait as a drone circled the island. The island has never been part of the People's Republic of China, but Beijing says it must unite with mainland by force if necessary. I am Lisa dwyer
AP News Radio
More than 6,000 troops to play role in Charles' coronation
"Thousands of British military personnel will join King Charles's coronation. The UK defense ministry says 6000 troops, including soldiers, sailors, and aviators will participate on May 6th, making it the force's biggest ceremonial deployment for 7 decades. Thousands of them will escort the king and Camilla the queen consort as they travel by gilded horse drawn coach between Buckingham Palace and Westminster Abbey, gun salutes will sound from British Army bases and warships and military aircraft, including World War II Spitfires, will perform a fly past. Defense secretary Ben Wallace calls it a spectacular and fitting tribute to King Charles, who is the armed forces commander in chief, Mimi Montgomery, London.
AP News Radio
China says conducted mid-course missile interception test
"China has said it has carried out a successful ground based missile interception test. The test is a sign the nation is able to bring down weapons such as ballistic missiles that are in coming from space. China's defense ministry says the operation was carried out within Chinese territory and achieved the desired test objective. The ministry also insisted the test was defensive in nature and not targeted against any country, referred to by the U.S. as ground based mid course defense or GMD, such systems are hugely complex and expensive to build test and maintain. China's capabilities in the field are not well known. I'm Karen Chammas
AP News Radio
Taiwan's Tsai says China not being 'responsible' with drills
"Taiwan's Tsai says China is not being responsible with military drills. President Tsai ing Wen has condemned China's military drills in the Taiwan strait, saying China did not demonstrate the responsible behavior of a major Asian nation. China's air land and sigils mostly ended Monday were retaliation for size meeting with the U.S. House speaker on her tour of Taiwan's official and unofficial allies, so she represented Taiwan in the world, Taiwan's self ruled island that China claims as part of its own territory, as of Tuesday morning, Taiwan's defense ministry says 8 Chinese navy vessels were still in the waters surrounding the island. I'm Charles De Ledesma
AP News Radio
China military displays force toward Taiwan after Tsai trip
"China's military has sent several dozen warplanes and warships towards Taiwan in a large scale exercise that simulates sealing off the island. The Chinese military had earlier announced combat readiness patrols as a warning to Taiwan the actions follow president Tsai ing Wen's trip to America, with the most sensitive event being a meeting with the House speaker. China has responded with sanctions against those associated with her trip and intensifying military activity near the island, Taiwan's defense ministry says 70 Chinese planes were detected from Sunday to early Monday, while another 59 flights of bombers and fighter jets were detected later. I'm Charles De Ledesma
AP News Radio
China flies fighter jets near Taiwan after leader's US trip
"China has sent dozens of fighter jets and warships towards Taiwan in response to a meeting between Taiwan's president and the U.S. House speaker Taiwan's defense ministry said 8 Chinese warships and over 40 planes were detected near Taiwan, many which flew across the middle of the straits that separates it from the mainland. China state TV and footage of Chinese soldiers conducting the exercises near Taiwan. As the Chinese military announced three days of what they called combat readiness patrols, the move was meant as a warning to those who want to make the islands de facto independence permanent. Taiwan's Ministry of Defense condemned what they called an irrational act that has jeopardized regional security and stability in Taipei U.S. foreign affairs committee chairman Michael mccool promised U.S. support in providing weapons to Taiwan. You're doing everything we can in Congress to speed up these sales and get the weapons that you need to defend yourself. I'm Karen Chammas
AP News Radio
Russia launches drills of its nuclear missile forces
"Russia's conducting drills of its nuclear missile forces. The strategic missile forces drill involves deploying mobile launchers in Siberia in a show of the country's massive nuclear capability amid the fighting in Ukraine, one element rushes defense ministry says, is the maneuvering of the yars mobile missile launches across three regions of Siberia, involving measures to conceal the deployment from foreign intelligence assets, officials have released a video showing massive trucks carrying the missiles, driving out from a base to go on patrol. The exercises take place days after Russian president Vladimir Putin announced a plan to deploy tactical nuclear weapons to Belarus, Russia's neighbor and ally. I'm Charles De
AP News Radio
Russia says it test-fired anti-ship missiles in Sea of Japan
"Russia says it is test fired missiles in the sea of Japan. I'm Lisa dwyer. Russia's defense ministry says Moscow has test fired anti ship missiles in the sea of Japan, the ministry says two boats launched a simulated missile attack on a mock enemy warship about 60 miles away, the ministry says the target was successfully hit by two crews missiles, whose NATO reporting name is the SS N 22 sunburn, which is a supersonic anti ship cruise missile that has conventional and nuclear warhead capacity. Russia says the exercise took place in the Peter of the great bay, and the sea of Japan, I'm Lisa dwyer
Bloomberg Radio New York
"defense ministry" Discussed on Bloomberg Radio New York
"Back to world national news for that. It's over to Nancy Lyon. She's in our 99 one newsroom in D.C.. Hey, dance. Thanks, Carol. While Russia is now responding to that incident that happened over the Black Sea earlier today, Russian fighter jets collided with the U.S. drone forcing U.S. officials to crash the drone into the sea. Russia's defense ministry says the jets did not use weapons or impact the drone. The Pentagon's Brigadier general pat Ryder says the Russian pilots did display extremely unprofessional behavior. Fighter aircraft dumping fuel in front of this UAV. And then getting so close to the aircraft that it actually damaged the propeller on the MQ 9. We assessed that it likely caused some damage to the Russian aircraft as well. Rider says, while intercepts are not unusual, what sets this one apart was the extremely unsafe behavior of the pilots. President Biden is in California this afternoon and will be announcing a new executive order in just a few minutes, intended to reduce gun violence. Bloomberg's Amy Maura says the speech will be made and Monterey Park where 11 people were killed this year in a mass shooting at a dance hall. The move is a step closer to universal firearms background checks, something that is popular with voters, but still has not made it through Congress. The attorney general will pinpoint sellers who don't use background checks and cabinet members will have to come up with an organized federal response, like mental healthcare and financial assistance, to be deployed by communities affected by a mass shooting. In Washington, I made me more as Bloomberg radio. Officials in south Lake Tahoe are urging residents there not to harass snow plow operators who are facing the daunting task of moving several feet of snow, the San Francisco Chronicle reports some residents are throwing things and blocking the trucks a sign of frustration after a tough winner. Global news 24 hours a day powered by more than 2700 journalists and analysts in over a 120
AP News Radio
UK: Russian advance in Bakhmut could come with heavy losses
"Russian forces have made progress in the frontline hotspot of bakhmut in the eastern Ukraine. In muddy fields and dugouts near bakhmut, Ukrainian forces fire a powerful howitzer two S one towards Russian positions, Ukrainian paratrooper Michel tells the AP it's hard to defend the stronghold. Because a lot of enemy forces are concentrated here and also the weather is not allowing us to use vehicles. It's too muddy, Britain's defense ministry has said that units from the Russian controlled Wagner group have captured most of eastern bakhmut, but the UK warns that Russia's assault will be difficult to sustain without further harsh losses. Some of the reasons it gave were destroyed key bridges, and Ukrainian sniper fire that would deter the Russians from pushing ahead. I'm Karen Chammas
Bloomberg Radio New York
"defense ministry" Discussed on Bloomberg Radio New York
"The American economy withstand a direct economic confrontation. I mean, I've said it before. Maybe we need some sort of strategic garden furniture reserve, you know? It's a silly way of putting it. But we're on the hook. I always think about what's the constructive conversation as all this stuff is going on. We're investment strategists at continue to say that the big concerns this year are geopolitical. You know, we're seeing that. So what is the constructive? The constructive Armstrong Taiwan is don't worry about it right now. Ergo's best sources have the prospect of an invasion at a very, very low chance. That's for all sorts of reasons that we can get into another day. But do expect some kind of disruption, something stopping short of a blockade because of course that's an act of war, but do expect that the PRC and the Communist Party in China are going to make life more difficult in that region. Still worried about Russia? I'm always worried about Russia. Someone was worried about Russia, but I think we're on top. And I think Ukraine means will win. And that was Ed price, he's principle for geopolitical forecasting over at ergo, staying with our coverage of the war, a Bloomberg big take and one of our most read stories on the Bloomberg terminal this past week looks at what is happening on the ground 12 months in. And as Ukrainians continue to fight to defend their country, the war effort is Tapping into a vast donor network. And that network has blossomed over the past 12 months to supply soldiers with everything from boots to battle tanks. We get more from Mark champion, Bloomberg news, senior reporter for international affairs. So I've been going in and out of Ukraine for the last year. And it really struck me every time I went. The amount of just stuff that was getting provided to the front wherever you were and you went into a company. They had a warehouse full of stuff. And it was all donated. And the more I was there, the more it became clear that this isn't just the normal stuff that you would expect about food for refugees and so on, but it was also weapons for the front. Cars for the front. Everything that you can imagine that people just all have relative there. Their sons and brothers and fathers are all at the front and they will try to find the stuff that they said they needed. And so they're filling all the gaps. But the scale has become really enormous. So one fund in particular that I talked to will come back alive. There is a 160 million in the last in the last year. There's others of similar scale. The Central Bank, if you want to just give extra money the defense ministry, Central Bank has raised $650 million. And beyond those funds, which they are funding sort of expensive $1 million drones and mortars and all sorts of things like that. But beyond those funds, you just have the tiniest little operations all over the place. One place I went to was a guy who was a former graffiti artist who decided he was just going to help all his friends who were going to the front and they were taking their cars. He camouflaged them. So he can not know his camouflage. And then also rifles and all sorts of things. That's such an interesting point. I wonder if that means that there's a sense on the ground that the folks who are responsible for the crowd funding understand the needs of civilians in the area in a way that may be the big players like the U.S. funders don't necessarily understand. Was that your impression Mark? Yeah, I think that's true. I mean, it's just a lot of gaps to fill. And the U.S. can't be on top of all of that. The Ukrainian defense ministry for reasons of money of bureaucracy or whatever, it can't do everything. And is this something that Ukraine has become very used to? Because they had very sort of inefficient and corrupt governments. They became over more than a decade. They built up this sort of instinct to crowdfund no matter what it is. A popular uprising like the maidan protests in 2014 or then when the war began in the Donbass in 2014, 15 immediately the first instinct is not to ask the government because you don't think you'll get anything government. If you give anything that government, you think it will disappear. So people have just become used to doing stuff themselves. They just instantly do it. And they just instantly began Facebook groups and so on to say, let's get a car for so and so that you can go to the front. So it's just really ingrained. And I think it is actually more important than the dollar value, simply because it says to every soldier at the front I've got an entire society behind me. Up next, we'll continue our conversation with Bloomberg's Mark champion and find out who the key benefactors are in Ukraine's grassroots fundraising effort got to say that some of those names are listeners will definitely know who they are. Yeah, big fun, exciting Hollywood names, too. You're listening to Bloomberg businessweek. This is Bloomberg. Bloomberg radio on demand and in your podcast feed. On the latest edition of the Bloomberg business week podcast, a conversation with David Musto, CEO of a census on retirement planning. You know, you talked
Bloomberg Radio New York
"defense ministry" Discussed on Bloomberg Radio New York
"And the American economy withstand a direct economic confrontation. I mean, I've said it before. Maybe we need some sort of strategic garden furniture reserve, you know? It's a silly way of putting it, but we're on the hook. I always think about what's the constructive conversation as all this stuff is going on. We're investment strategists that continue to say that the big concerns this year are geopolitical. You know, we're seeing that. So what is the constructive? The constructive answer on Taiwan is don't worry about it right now. Ergo's best sources have the prospect of an invasion at a very, very low chance. That's for all sorts of reasons that we can get into another day. But do expect some kind of disruption, something stopping short of a blockade because of course that's an act of war, but do expect that the PRC and the Communist Party in China are going to make life more difficult in that region. Still worried about Russia? I'm always worried about Russia. Someone was worried about Russia, but I think we're on top. And I think Ukraine means we win. And that was Ed price, he's principal for geopolitical forecasting over at ergo, staying with our coverage of the war, a Bloomberg big take and one of our most read stories on the Bloomberg terminal this past week looks at what is happening on the ground 12 months in. And as Ukrainians continue to fight to defend their country, the war effort is Tapping into a vast donor network. And that network has blossomed over the past 12 months to supply soldiers with everything from boots to battle tanks. We get more from Mark champion, Bloomberg news, senior reporter for international affairs. Well, I've been going in and out of Ukraine for the last year. And it really struck me every time I went. The amount of just stuff that was getting provided to the front wherever you were and you went into a company. They had a warehouse full of stuff. And it was all donated. And the more I was there, the more it became clear that this isn't just the normal stuff that you'd expect about food for refugees and so on. But it was also weapons for the front. Cars for the front. Everything that you can imagine that people just all have relative there. Their sons and brothers and fathers are all at the front and they will try to find the stuff that they said they needed. And so they're filling all the gaps. But the scale has become really enormous. So one fund in particular that I talked to will come back alive. There is a 160 million in the last dollars in the last year There's others of similar scale, the Central Bank, if you want to just give extra money to defense ministry, Central Bank has raised $650 million. And beyond those funds, which they are funding sort of expensive $1 million drones and mortars and all sorts of things like that. But beyond those funds, you just have the tiniest little operations all over the place. One place I went to was a guy who's a former graffiti artist who decided he was just going to help all his friends who were going to the front and they were taking that cause. He camouflaged them. So he can not know as camouflage. And then also rifles and all sorts of things. That's such an interesting point. I wonder if that means that there's a sense on the ground that the folks who are responsible for the crowd funding understand the needs of civilians in the area in a way that may be the big players like the U.S. funders don't necessarily understand. Was that your impression Mark? Yeah, I think that's true. I mean, there's just a lot of gaps to fill. And the U.S. can't be on top of all of that. That Ukrainian defense ministry, for reasons of money of bureaucracy or whatever, it can't do everything. And this is something that Ukraine has become very used to, they, because they have very sort of inefficient and corrupt governments, they became over more than a decade. They've built up this sort of instinct to crowdfund no matter what it is. A popular uprising like the maidan protests in 2014 or then when the war began in the Donbass in 2014, 15 immediately the first instinct is not to ask the government because you don't think you'll get anything government. If you give anything that government, you think it will disappear. So people have just become used to doing stuff themselves. They just instantly do it and they just instantly begin Facebook groups and so on to say, let's get a car for so and so that you can go to the front. So it's just really ingrained and I think it is actually more important than the dollar value simply because it says to every soldier at the front I've got an entire society behind me. Up next, we'll continue our conversation with Bloomberg's Mark champion and find out who the key benefactors are in Ukraine's grassroots fundraising effort got to say many some of those names are listeners will definitely know who they are. Yeah, big fun, exciting Hollywood names too. You're listening to Bloomberg businessweek. This is Bloomberg. Bloomberg radio on demand and in your podcast feed. On the latest edition of the Bloomberg business week podcast, a conversation with David Musto, CEO of a census on retirement planning. You know, you talked about people's accounts being down and that's true, but really the important takeaway is we need to
Bloomberg Radio New York
"defense ministry" Discussed on Bloomberg Radio New York
"Wall Street time. Mark champion, Bloomberg news senior reporter for international affairs who wrote the story. He is in London. Mark, incredible story. Like I said, who knew it? It's kind of a form of crowdfunding. Tell us what exactly is going on. Yes, well, I've been going in and out of Ukraine for the last year. And it really struck me every time I went. The amount of just stuff that was getting provided to the front wherever you were and you went into a company. They had a warehouse full of stuff. And it was all donated. And the more I was there, the more it became clear that this isn't just the normal stuff you would expect about food for refugees and so on, but it was also weapons for the front cars for the front. Everything that you can imagine that people just will have relative their sons and brothers and fathers are all at the front and they will try to find the stuff that they said they needed. And so they're filling all the gaps. But the scale has become really enormous. So one fund in particular that I talked to will come back alive. They raised a 160 million in the last dollars in the last year. There's others of similar scale. The Central Bank, if you want to just give extra money to defense ministry, Central Bank has raised $650 million. And beyond those funds, which are funding sort of expensive $1 million drones and mortars and all sorts of things like that. But beyond those funds, you just have the tiniest little operations all over the place. One place I went to was a guy as a former graffiti artist who decided he was just going to help all his friends who were going to the front and they were taking their cars. And he camouflaged them. So he can not now camouflage the program vehicles and then also rifles and all sorts of things. That's such an interesting point. I wonder if that means that there's a sense on the ground that the folks who are responsible for the crowd funding understand the needs of civilians in the area in a way that may be the big players like the U.S. funders don't necessarily understand. Was that your impression Mark? Yeah, I think that's true. I mean, there's just a lot of gaps to fill. And the U.S. can't be on top of all of that. The Ukrainian defense ministry for reasons of money of bureaucracy or whatever it can't do everything. And is this something that Ukraine has become very used to? Because they had very sort of inefficient and corrupt governments. They became over more than a decade. They built up this sort of instinct to crowdfund no matter what it is. A popular uprising like the maidan protests in 2014 or then when the war began in the Donbass in 2014, 15 immediately the first instinct is not to ask the government because you don't think you'll get any government. If you give anything that government, you think it will disappear. So people have just become used to doing stuff themselves. They just instantly do it and they just instantly begin Facebook groups and so on to say, let's get a car for so and so that you can go to the front. So it's just really ingrained and I think it is actually more important than the dollar value simply because it says to every soldier at the front. I've got an entire society behind me. Talk to us about some of the people behind some of these crown crowdfunding efforts. We're talking about what Hollywood celebrities were talking about. Oligarchs were talking about everybody. Yeah, absolutely. So fund that was set up by the president president zelensky. He has one called the united 24 and they raised $287 million. And for that fund, he has really reached out and he's persuaded by Australian to be an ambassador to the fund. There's a number of other celebrities that have become attached to the fund in one way or another. And so they raised money. And then you have others who are, as you mentioned, the oligarchs, you know, some of the other guys who are not very popular and we're even seeing some years ago as being kind of pro Russian because they supported the party that former president Yanukovych used to represent. So are you not Ahmad who is the richest man in Ukraine? He has a big steel company called net invest. They owned as a stahl in Mario poder still plant where they were the last stand was made in Europe. They've lost a lot of their assets, but he has actually provided a 150,000 sets of bulletproof vests, which they made in his batteries. And 80,000 tank traps all kinds of stuff, which really does matter. Well, Carol, you bring up a great question about the people who fund this effort and who have kind of been the leaders behind it. I wonder mark if you can talk about the people who are most impacted by it. Is this civilians? Is it folks who are actually fighting? Who is most benefiting from this extra cash? Well, it really is everybody, but the Ukrainians are focused very much on people who remain in areas that are either at the front or they're in areas that were occupied and were then retaken by the Ukrainians. And services there have sort of broken down. Medical services, food is difficult to sort of distribute all those sorts of things. So as I say, the great strength of this is that it's incredibly flexible. It just kind of responds because everybody knows somebody. And they then move into these areas and provide services that the government is just incapable or too slow or doesn't have the resources to do. And it really is a kind of lifesaver in these areas. It is for civilians. But a lot of it is for the front for the soldiers. What's interesting too, and it's funny, you know, mark as we were getting ready and talking about your story in the newsroom. One of the things that came up from one of our producers, Ari gami. He said, you know, wait a minute. I don't understand. U.S. is sending billions of dollars in equipment and providing support. We know other nations and allies of the U.S. are certainly and of Ukraine are providing support, why is this ultimately necessary? Because nothing is enough. I mean, this is a big war. We haven't seen a war like this since World War II in terms of pure intensity. I mean, I've been other very intense wars, but not like this. And the Russian side in particular is very well armed. It has the entire, not the in times of the predominant part of the starts of the former Soviet Union that it built up for the Cold War. And in many ways, this is that they're running down through the Cold War stocks of the former Soviet Union. The Ukrainians, on the other side, they started this war with around 1600 tanks. Germany has 300 Britain has 226. So it's not like they had nothing, but you need so much in order to pursue a war like this. It just eats resources at an incredible rate. And you need a lot of everything because it gets destroyed. 90% of drones get destroyed. Pickup trucks that people bring, they get destroyed either because they get hit or they're just in an accident or they just get stuck in mud or whatever. It just eats through resources at an incredible rate. And to be fair, we've talked about the new double issue of Bloomberg business week that's out, cover story is, of course, marking the one year Russian invasion into Ukraine, but talks about specifically Maddie, the shortage of ammunition on both sides. I mean, both sides are going through a lot when it comes to any kind of defense equipment. And they're just kind of running through it. Yeah, and it's so critical. I wonder mark in our final kind of 30 seconds with you here if you can talk about you mentioned the intensity of the war. What is something that you understand about the situation on the
AP News Radio
Taiwan reports Chinese balloon found on northern island
"Taiwan's defense ministry says a Chinese weather balloon has landed on one of its Outlying Islands amid U.S. accusations that such craft had been dispatched to worldwide to spy on Washington and its allies. A ministry statement on Thursday explained the balloon carried equipment registered to a state owned electronics company in other northern city of Tai yuan, which is part of the matsu island, just off the coast of China's Fujian province, reached by phone, a publicity officer at the company identified in the report as taiyuan wireless radio first factory, said it had provided electronics but had not built the balloon, adding the balloon was likely among those launched daily to monitor weather and was probably set off from the coastal city of Chi men with no fixed course.
AP News Radio
Ukraine says Russia turns to decoy missiles, intel balloons
"A top 8 to Ukraine's president says Russia has altered its aerial strike tactics to fool Ukraine's air defenses. I'm Ben Thomas with the latest. It's the war in Ukraine approaches its one year anniversary, McCulloch tells the AP the Russians are definitely changing tactics, firing decoy missiles without explosive warheads and deploying balloons in an effort to overwhelm Ukraine's anti aircraft systems into a bit of spying by offering too many targets as Russia hopes to increase its chances of hitting infrastructure facilities inside Ukraine. Maintains Ukraine's air defenses are adapting, and he says Russia is facing missile exhaustion, the waves of missiles expired since October depleting supplies. Moscow is not acknowledged such problems, but Britain's defense ministry backs up the assessment. Also renewed Ukraine's appeal for long-range missiles to strike Russian troop concentrations far behind the front lines. And he reiterated Ukraine's need for ammunition, saying we just don't have enough shells. As a drawn out war, favors Russia, not least because its population is more than three times that if Ukraine. I'm Ben Thomas
AP News Radio
Ukraine: Russian forces pushing their advance on eastern city Bakhmut
"Ukraine's presidential office says fierce battles are raging outside back mud as Russian forces push their advance on the eastern city with heavy shelling and infantry attacks. The presidential office says at least 5 civilians and as many were wounded in action across the war torn country over the last 24 hour period, meanwhile, Britain's defense ministry says in a briefing, Russian forces are bolstering defensive fortifications along southern Ukraine, appearing concerned about protecting the southern fringes of the 800 mile battlefront. The U.S. embassy in Moscow has issued another warning for its citizens to depart immediately from Russia. I'm Charles De Ledesma
The Trish Regan Show
Joe Biden's 'F' For Failure
"When I say the president deserves an F if there were an F minus, I think I'd give him that. I mean, hey, look, we haven't wound up in World War three just yet, so I guess we got that going for us. But hey, he's got two years left on the clock, so anything is possible. And when you consider what has happened just in the last few days and the whole Chinese spy balloon, there's still another balloon floating over our western hemisphere when you consider the magnitude of that situation and the reality that we didn't do anything for 8 days. It traveled 4000 miles across our country. You really got to question his judgment. China says it reserves the right to respond. In kind. Except we don't really have any of these balloons that we know of for that the Chinese know of over their airspace. So if you take that a step further if you look into what they're actually saying here in the global times, tried in its own peculiar way to make this clear that they reserve the right to shoot down a civilian aircraft. Wow. Talking about an escalation. It's as though China really wants to escalate. Because now they're getting all full of bravado and thrown around rhetoric that's entirely inappropriate. Tonight, he's going to try and tell us, yeah, yeah, all under control, but let me share with you what the Chinese defense ministry spokesperson actually said and I quote the U.S. attack on Chinese civilian unmanned airship by force is an obvious overreaction. He added China reserves the right to use necessary means to deal with similar situations. Now you want to talk about overreacting. Meanwhile, what kind of idiot is going to believe that this was just a weather civilian operation. And by the way, how do you have two of them? Because another one was just found. I told you about it, I was in Venezuela, Colombia, Costa Rica, says the Chinese have apologized for it, but guess what it's still there?
Bloomberg Radio New York
"defense ministry" Discussed on Bloomberg Radio New York
"China is flexing its military might again. It Baxter's got more. It. All right, thank you very much. Paul, it says a 31 Chinese military aircraft flew on the eastern part of the median line of the Taiwan strait. Also says they flew at Southwest air defense identification zone in addition to Taiwan's defense ministry says that 63 PLA warplanes and four ships were identified in the islands surrounding the region. There has been much concern over the past several months of activities on those islands. South Africa and its investment partners launching an 8 and a half $1 billion plan to shift from coal toward green energy. It is backed by major western powers. UN secretary general Antonio Guterres says adapting is not the long-term solution. There is no adapting to a growing number of catastrophic events causing enormous suffering around the world. The deadly impacts of climate change are here. And former U.S. vice president Al Gore put it in more. Well, shall we say colorful terms? We are all here today. Because we continue to use the thin blue shell of atmosphere surrounding our planet as an open sewer. Gore has been a decades long climate change fighter. The eve of the U.S. 2022 midterm elections is here and polling is projecting the Republicans will take the house, but those are polls and that the Senate will remain a toss up against polls, Bloomberg's Courtney Rosen says economy, economy, economy, economy. 70% of them said that the economy matters a lot when they're deciding how and who to vote for. The economy issues tend to favor Republicans and so that's kind of a signal of what issues are going to be at play tomorrow and people vote and over the next couple of days is results get announced. No, there are warnings out of several states that continuing a dozen begin the counting does not begin until after the polls close and that definitive results may take days. And there has been much conjecture about what House speaker Nancy Pelosi would do if Republicans take control of the House. Would she retire? Well in her first interview since the attack on her husband in San Francisco, Pelosi has talked with CNN's Anderson Cooper. Have you looked
Bloomberg Radio New York
"defense ministry" Discussed on Bloomberg Radio New York
"Taiwan says it needs better intelligence to protect against Beijing investor has the details in San Francisco Ed Yeah Julia Wright necessarily expanding its defense ministry has expanded its joint intelligence operations center itself It is drawing on the war in Ukraine where intelligence efforts have helped to slow Russian invasion progress that has boosted its staff as well that works on the division watching the PLA It also has budgeted for more employees for the coming year The U.S. House of Representatives has passed a gun control package House speaker Nancy Pelosi with the vote On this vote the yeas are 223 The nays are 204 the bill is passed It's called the protecting our kids act It includes raising the age limit for purchasing some kinds of semi-automatic weapons from 18 to 21 prevents gun trafficking and addresses safe storage 5 Republicans did break ranks to vote in favor to Democrats voted against and that is a challenge ahead for it to gain any kind of traction in the Senate South Korea's top representative to the UN has called on Pyongyang to stop provocative activities and engage in dialog It says that DPRK has regrettably ignored directions from the body to stop progress in its nuclear and ballistic missile programs Meanwhile both China and Russia argue any further action would hurt deteriorating conditions in the north both by the way have defended their vetoes at China and Russia on anything regarding North Korea's activities UK prime minister Boris Johnson back in the front of the House of Commons today He got some criticism from Labor Party leader Keir Starmer about the healthcare system and then Johnson lit up the room Here are both of them Even he must admit that and Hamza deserved better than a wanting and inadequate government Utterly unable to improve our NHS.
Bloomberg Radio New York
"defense ministry" Discussed on Bloomberg Radio New York
"For global news Australia's defense ministry says one of its reconnaissance jets was put in a very dangerous position last week Ed Baxter has the details from San Francisco it Speaking out Jules over the weekend says it's actually cut off by a Chinese fighter jet defense minister Richard marl says the Australian jet was just on a routine mission We were operating completely within our rights and international law Yeah when Chinese fighter pulled alongside almost wingtip to wingtip marl says it then accelerated and cut across the nose of the P 8 settling in front at very close range he says at that moment it then released a bundle of chaff which contains small pieces of aluminum some of which were ingested into the engine of the P 8 aircraft marl says that put the crew in grave danger he says the missions are very important This is a body of water which is deeply connected to Australia because of our trade which goes through there He says the government has filed complaint with the Chinese government Beijing is going to continue to roll back its COVID-19 restrictions today the goal to find some form of normalcy following the end of the month declaration that the latest COVID outbreak was under control the city will resume public transport and most districts allowing workers to return to their offices and restaurants to restart dine in services Hong Kong going the other way with infections reporting out the highest tally in 6 weeks over the weekend 515 new It is the most cases since April 23rd many of those cases uncovered in a cluster in four bars in the city North Korea has fired 8 short ballistic missiles over the weekend pushing it to a record number of launches in a single year and we're not even halfway through the year South Korean military officials say they came from four different sites including an area very near Pyongyang's main airport all went into the water off the east coast this one day barrage the largest in Kim's decade in power and Jan happ is now reporting that the South Korea and the U.S. this morning early about four 20 a.m. have fired off 8 missiles of their own apparently in response U.S. is suffering for more mass shootings over the weekend Philadelphia popular tourist area police commissioner Daniel outlaw says three dead and there are more injured We also believe that the two other decedents as well as a number of other shooting victims were uninvolved in the initial altercation And were innocent bystanders And the shooter is still at large in Chattanooga earlier 14 people were shot at a bar and a near of music festival A U.S. gun violence archive says more mass shootings this year than there have been number of days Ukraine's capital Kyiv has been hit by several explosions for the first time since April Vladimir Putin says Russia will broaden its attacks if Ukraine receives long-range missiles from the U.S. or NATO and the new U.S. ambassador to Ukraine bridge Bridget brink has visited several devastated towns and says investigations into war crime atrocities are definitely ongoing We're providing a lot of expert assistance We do have a special adviser on war crimes who works in the State Department Bethune chalk and she and I actually met before coming here And she is working directly with the prosecutor general But she says a tough job because there are so many crimes to investigate In San Francisco I'm Ed Baxter This is Bloomberg All right Juliet Thank you Ed 38 minutes of time for global.
Bloomberg Radio New York
"defense ministry" Discussed on Bloomberg Radio New York
"Fourth hour of Bloomberg daybreak Europe on a bank holiday Friday here in the UK Let's get you straight to the markets which we checked for every 15 minutes for you here on Bloomberg radio It's a quieter day's trading because we had of course the London markets are closed Yesterday just to give you an example trading volumes were less than half of the average usuals were expecting a similar sort of day Today elsewhere of course European markets are open so the cat carrot in Paris is up by two tenths of 1% the Dax is up by about a quarter of a 1% The thoughts he may have in Milan down by almost three tenths of 1% as we head into the second hour of trading today If we look across the stocks 600 is healthcare shares that are seeing gains of by four tenths of 1% auto parts auto parts companies are seeing the basket of the biggest falls they're down by about 8 tenths of 1% and among the big movers of course it is a quiet day but we are seeing we are seeing falls on the four ezio for example one of the most parts companies that is seeing falls in its shares today are down by 6 percent If we look ahead to Wall Street the Wall Street futures are currently negative the S&P E mini futures are down three times of 1% the NASDAQ evening futures down by 6 tenths of 1% the Bluebird dollar spot index is flat the Euro trading for one O 7 52 the pound for one 25 74 keeping an eye oil prices as well They're continuing to slide after yesterday's disappointing decision by OPEC to increasing production WTI trading at a $115 35 brand crews down 1.2% today at a $116 20 and across the bond markets we are seeing just a slight fall on European bond yields The Italy ten year yield for example the yields are down by one basis point at three 28 the German ten year yields down by a quarter of a basis point at one 23 Those are the markets Let's get on to today's top stories Thanks Stephen The UK's defense ministry says Russian forces now hold the initiative in Ukraine a hundred days after Vladimir Putin launched the.
Bloomberg Radio New York
"defense ministry" Discussed on Bloomberg Radio New York
"Analysts in over a 120 countries This is Bloomberg radio Now a global news update this is a special report the Russian invasion of Ukraine U.S. officials are confirming Russia used hypersonic missiles while invading Ukraine That's according to CNN who noted this is the first time this type of missile has been knowingly used in combat This comes after the Kremlin claimed one of its new hypersonic missiles destroyed a Ukrainian weapon storage facility Video posted by the Russian defense ministry shows a missile slamming into a building followed by a massive explosion Moscow said the strike was carried out Friday and destroyed a large underground weapons storage site And the prime minister of Norway says four U.S. service members have been killed during a NATO training exercise Norwegian armed forces said the soldiers were aboard an Osprey aircraft assigned to a marine expeditionary force and were on a training mission in northern Norway on Friday There's no word yet on the identity of the four service members I'm Jim Forbes I'm Barry Rudolph your listening to masters and business on Bloomberg radio are extra special guests today is Darren Palmer He is the general manager of battery electric vehicles at Ford Let's talk a little bit about some of the things that we're looking at in the future You mentioned how proud you are of the price points that you've introduced cars like the Mach-E or the E transit or the one 50 lightning what do you think is going to happen going forward in terms of pricing Not a battery hybrid but a regenerative I guess P HEV hybrid the maverick was priced at pretty inexpensive $22,000 for a compact four door pickup truck How cheap can battery EVs get in the future Well today so the F one 50 lightning was being included incentive that's available is really in the range right now of gas from 50 Right in the heartland of where we sell most of them So I could argue that today we have one of the first vehicles that has reached parity with an equivalent truck And I'd say equivalent yet the electrics faster than any F one 50 we ever made more talk than any F one 50 ever made Quieter handles better et cetera et cetera than any F one 50 ever And it starts at the price of the gap So there's one segment where we've managed to achieve it That one is with the incentive So that's helped us helps it bring to bring it to more people We are working on other vehicles not announced yet to bring the vehicles to more people a lower cost vehicle I can't say anything more about it at the moment but that's one of our missions and part of this huge investments we're making in batteries is obviously supporting that because the biggest component by far is the battery And already I can say that a Mac E is a similar cost to run over 5 years as a Ford escape The total cost spent is the same as a Ford escape already So that is also supported by an incentive at the moment but that's amazing for those that wake up to see that now They're getting a huge bargain and the charging networks already reached 90,000 plus So they're available everywhere And there's hardly anyone there yet So you also have the network to yourself So AV ownership at the moment is just fantastic You'll also find the parking spot for many places right next to the entrance because that's where the electric spot is And they're half empty as well So when you drive the feel like a VIP So it's a really good time to get into them now But we do have plans to bring vehicles that are even lower cost And we are moving to more segments So the three rows are next one along where it will family car sides that is so popular in America So currently the Ford explorer which I think comes with a third row is available hybrid You mentioned you're looking to do a three row SUV Can we assume we're going to see an E explorer sometimes soon So yes we've announced that we're working on that one It's a three row in the explorer is indeed three row So we're working on that now But I would say it's the same segment as a three row explorer I wouldn't call it any explorer We intend to reinvent what these vehicles can be And again it will not be an explorer of an electric motor in it It will be a new vehicle that offers new experiences that are game changing and spi directional power and mega power for the F one 50 But something things that are designed to delight the customers in this segment with things they want in their daily lives I won't say more about it yet but it continues to be an incredible vehicle again So previously you said EV adoption is similar to the process that the iPhone had to go through any groundbreaking product requires a readjustment into your life Is that what you're seeing with EV adoption once people make it part of their routine it's no longer the electric car it just becomes the car Oh yes I mean universally when people make the switch no one goes back It's the only analogy and when I try to get across to people to use the whole moving to iPhone or smartphone from flip phone No one goes back And before people moved they didn't know that They thought they understood what an iPhone was and because it looks similar to similar to a phone But they don't realize what it really is And once they owned it then they suddenly switched they'll never go back and they told everyone they know Exactly the same The most misleading thing about EVs is they look like a car And therefore you think it's like the cars you've known all your life and it's nothing like that So you're more people we can get in there to feel it the more people it will convert quickly So let's talk about that You know a lot of people a few years ago were projecting 2040 20 35 It doesn't feel like it's going to take that long Where do you think the EV market is as percentage of new vehicle sales in 2025 or 2030 Yeah So if you think a free person who gets one will never go back that's pretty much the role Right Maybe you start thinking about how fast is that going to take Now it took ten years for the iPhone to get everywhere Right Now similar phones right So it took time for.
Bloomberg Radio New York
"defense ministry" Discussed on Bloomberg Radio New York
"The FTSE 100 up 8 tenths of a percent the Dax up 1% the cac 40 up 1.1% Spain's ibex up 9 tenths of a percent Italy Switzerland up 1.2% every sector is in the green Some stocks to keep an eye on Glenn caught rallying 1.7% after announcing a $4 billion is in dividends and share buybacks after the company reported its highest ever profit Bottom of the leaderboard is ten Amos down 11% The Swiss software and cloud company reported a miss on revenue and outlook after markets closed yesterday There's a lack of consensus from analysts on what the pivot toward a subscription model means Futures ascend even is up 1.1% and that's like 100 futures up 1.6% in the bond space U.S. benchmark ten year treasuries yielding 2% up 5 basis points 5 minutes out tomorrow The Bloomberg dollar spot index selling off at an 1177 spot zero 8 level selling off for the first time in four days the Russian ruble advances against the dollar up one and a half percent against the greenback at a 75 spot 37 handle The Korean worn proving broader risk aversion is present in markets down four tenths percent against the U.S. dollar at an 1199 spot 7 9 position Bitcoin surging ahead up 4% price at $44,000 finally in commodities aluminium up to and a half percent hovering around record highs Pairing earlier losses due to contagion we've seen today from iron ore but geopolitical tensions over Ukraine are a bullish driver for aluminium because Russia remember a major supplier of the raw material That's the Bloomberg radio business flash his Lian guarantee the world news morning Leanne Laura good morning and thank you and let's start with geopolitics some Russian troops reportedly or pulling back after drills that raise the prospect of an attack on Ukraine That's according to the interfax news servers which cited the Russian defense ministry The U.S. has warned of an imminent Russian invasion however the Kremlin says it has no plans for an attack Now the EU's top diplomat says he believes the nuclear court with Iran is in sight and is urging world powers to reach a compromise to revive the deal Joseph peralte tweeted the comments after a phone call with Iran's foreign minister who told reporters that Tehran was in a hurry to revive the accord a revised deal would allow Iran to return to global oil markets in exchange for rolling back its nuclear activity And glencore has announced about $4 billion in dividends and share buybacks That's after the minor posted core earnings of $21.3 billion about double its profit from a year earlier But it is setting aside $1.5 billion for probes by the U.S. UK and Brazilian authorities for possible money laundering and corruption and expects that to be resolved this year Global news 24 hours a day on air and on Bloomberg quick take powered by more than 2700 journalists and analysts in more than 120 countries This is Bloomberg Bloomberg opinion informed perspectives and expert data driven commentary on breaking news It's 9 21 time to check in with Bloomberg opinion But joined by our opinion columnist Adrian baldridge Now age is written a great piece on the terminal today about how to be a bad boss Yes a bad boss 40 tips on how to amirate your employees destabilize your organization and generally make the world a worse place Now Adrian thanks for joining us today You start off with the dangers of running your organization like a court Just tell us more Yeah I'm sure the bad really truly bad boss is probably the only tips for me and I had to do it themselves But my first principle is run your organization like a quarter and I'm indebted to this principle by Boris Johnson really I think it's created a pretty dire situation in Downing Street by running Downing Street like a court He has favorites he points people on the base of whether he likes the more agrees with them rather than competence And of course his wife is quite often called Carrie Antoinette For obvious reasons The thing I found fascinating about this as well is you really talk about some of the Silicon Valley leaders Many of whom have managed to build quite successful companies Amazon of course apple and Steve Jobs is there a sense that you can be a bad boss but still have a successful company the difficulty is that people try to imitate your approach Absolutely I think the Silicon Valley is now the world's leading center of manufacturing bad bosses not because people are bad bosses but because people who imitate them think that all they need to do is imitate the peccadillos of those bosses grow in enormous beards or spend your days surfing or roader skating or the rest of it And you will yourself then be a good boss Or a great leader And of course in most cases you're not a great leader Also it must be said that Silicon Valley is quite famous now for producing people who you think are going to revolutionize industries like Adam Neumann WeWork who looked talked the talk and raised an enormous amount of money then turned out to be a bit of a duffer as a boss So the actual record of Silicon Valley leaders is very mixed these days And just a quick one on management fads I like your fund manager quote mocking the idea that hellmann's mayonnaise should have a purpose other than just garnishing salad Yeah absolutely This was new to lever now Once everything to have a purpose everything must have a social purpose and one fund manager got so sick of listening to all this social purpose What is the social purpose of mayonnaise This is a social purpose of mayonnaise is to garnish my salad It doesn't have any other purpose than that There's a lot of management standards And Unilever which is one of the great centers of fascism has been really hit recently for not focusing on its core business and talking constantly about social purpose or sustainability even when it's not relevant The deep irony of course being that advertised at the Super Bowl and the whole hook of their ad was that you shouldn't waste food you should use it to with helmets mayonnaise to make something new They had an NFL player called with the surname Mayo running it Anyway thank you so much to.
Bloomberg Radio New York
"defense ministry" Discussed on Bloomberg Radio New York
"Will pay a price for a diplomatic boycott of the Beijing Olympic Games saying the move will damage their ties The White House says the decision to is over what it calls China's ongoing human rights abuses Athletes will be free to compete even as administration officials stay home The UK's response to the crisis in Afghanistan has been called chaotic and dysfunctional by a whistleblower Bloomberg's young pots has the story A junior diplomat who worked during the evacuation from Kabul says there were serious shortcomings in how the then foreign secretary Dominic raab and the defense ministry handled the crisis Raphael Marshall told a parliamentary committee that at times he was the only person processing emails from Afghan special cases after the country was thrown into chaos by a Taliban takeover He claims as many as a 150,000 people apply for evacuation but fewer than 5% received assistance A government spokesperson said the UK regretted not being able to get as many people out of the country as it wanted In London I'm your impotent daybreak Europe Here the omo cron variant is now transmitting in the community There have been 336 confirmed cases in the UK some of which are not linked to international travel while none of the cases have resulted in hospitalization the health secretary Sajid javid says there's reason for caution Of course it's of concern globally There's over I think 45 countries now that have this new variant collectively we are all concerned It's a reason for caution It's not a reason for panic but I think we all do need to learn more about it From today anyone wanting to travel to the UK must show a negative coronavirus result before they leave their destination Global news 24 hours a day on air and on Bloomberg quick take powered by more than 2700 journalists and analysts in more than a 120 countries I am Hannah George This is Bloomberg Caroline Thank you so much Well the times newspaper is reporting that oh Macron infections in Britain are doubling every three days according to government scientific advisers That's what the times is reporting So that's why the concern is so great around home Macron in the UK will discuss that and the other impact on the markets this morning.
Bloomberg Radio New York
"defense ministry" Discussed on Bloomberg Radio New York
"With the latest and welcome It's good morning For morning Caroline while that COVID variant is now transmitting in the community there have now been 336 confirmed omicron cases in the UK some of which are not linked to international travel while none of the cases have resulted in hospitalization the health secretary Sajid javid says there's reason for caution Of course it's of concern globally There's over I think 45 countries now that have this new variant collectively we are all concerned It's a reason for caution It's not a reason for panic but I think we all do need to learn more about it From today anyone wanting to travel to the UK must show a negative coronavirus result before they leave their destination Well the UK's response to the crisis in Afghanistan has been called chaotic and dysfunctional by a whistleblower Bloomberg's new impulse has the story A junior diplomat who worked during the evacuation from Kabul says there were serious shortcomings in how the then foreign secretary Dominic rob and the defense ministry handled the crisis Raphael Marshall told a parliamentary committee that at times he was the only person processing emails from Afghan special cases after the country was thrown into chaos by a Taliban takeover He claims as many as a 150,000 people apply for evacuation but fewer than 5% received assistance A government spokesperson said the UK regretted not being able to get as many people out of the country as it wanted In London I'm your impost Bloomberg daybreak Europe And pret a manager's business in the UK slipped back below pre-pandemic levels after the emergence of the overcome variant and the return of face mask rules hit sales The retreat in Bloomberg's press index suggests office workers and shoppers are showing more caution as the new strain spreads Global news 24 hours a day honor and on Bloomberg quick take power by more than 2700 journalists and.
Bloomberg Radio New York
"defense ministry" Discussed on Bloomberg Radio New York
"And alarm growth in Washington over Beijing to expanding nuclear arsenal Bloomberg's Ed Baxter reports Sources say they're still negotiating on several things and don't expect any solution to major issues but some sort of stabilization of the relationship They do say discussion about consulates in both countries off the table She will be coming out of the Communist Party Plenum expected to have increased power within the party and the country no specific date has been set In San Francisco I'm a Baxter Bloomberg daybreak Europe Elsewhere U.S. lawmakers have visited Taiwan in a move likely to further inflame tensions between Washington and Beijing The Pentagon confirmed the congressional delegation arrived of via military aircraft the defense ministry in Beijing issued a statement to strongly condemning the visit which it says interferes with China's internal affairs Now to Europe French president Emmanuel Macron has sought to rally the nation presenting a bright outlook for the economy in a national address The president warned older people they must get a boost of vaccine or see they so called half past deactivated stopping them from going to cafes and restaurants The solution to this reduced immunity is an injection of an extra dose of vaccine called the booster A campaign has been launched since the end of the summer for people over 65 years old and the most vulnerable Now we need to accelerate it From December 15th you'll need to provide a proof of a booster jab to extend the validity of your health pass Meanwhile.
Bloomberg Radio New York
"defense ministry" Discussed on Bloomberg Radio New York
"You use And China is seeing an uptick in COVID infections Let's get to it back to in San Francisco with all the latest China says it expects new COVID-19 infections will increase in coming days and the control areas may have to expand national health commission says the current outbreak is caused by the delta variant It is now spread to 11 provinces South Korea says it has reached its goal of full vaccinating more than 70% of its population precondition the government set for an easing of restrictions In the U.S. doctor Anthony Fauci says he feels 5 to 11 year olds will be begin getting their shots the first or second week of next month November Fauci says the mix and match vaccine also is good but we would hope that people if available would get the boost from the original product but if not there's the flexibility of what we're calling mixing and matching Yeah Fauci reiterates the best way to beat the pandemic is to get the non vexed taken care of Singapore is set to restrict access to the workplace for the unvaccinated in January unless they test negative daily The employe will have to pay the cost of the test Flotilla of ten Russian and Chinese warships sailed along the east side of Japan south of the country the defense ministry issued a statement over the weekend saying it almost made a full circle around it It says it dispatched two ships and aircraft to gather information National weather service for Northern California saying the atmospheric river pounding the Bay Area is a level 5 out of 5 the highest it may indeed break all one day rainfall amounts North of San Francisco evacuations underway into Santa Rosa creek assistant fire marshal Paul lowenthal We brought a significant number of crews firefighters into.
SpaceTime with Stuart Gary
"defense ministry" Discussed on SpaceTime with Stuart Gary
"Nineteen infection the authors used lasers to look for nerve damage and the density of dendritic cells in the eyes of forty people believed to have long covered and compare them with scans of thirty healthy people who had never caught covered nineteen authors found. The covered patients had greater nerve damage and loss with a high number of dendritic cells than those who would never caught over nineteen. The world health organization estimates over eight million people have been killed by the curve. Ninety in corona virus with the four point. two million confirmed fatalities and some one hundred ninety. Six million people infected since the deadly disease spread out a woman. China and you study is one that most of australia's thirteen hundred threatened plant. Species aren't being monitored increasing their risk of extinction a report in the journal biological conservation found. Almost two-thirds sixty three percent of threaten astray. Implants aren't receiving any monitoring. According to a national assessment scientists warned that without adequate monitoring threatened species could slip into extinction without anyone noticing or having sufficient time to whacked the study examined. How will more than eight hundred threaten plants on. The federal government's threatened species list of being monitored and compared the findings with monitoring for threatened. Animals side is found that orchids shrubs and trees generally had better monitoring herbs ferns or other plant types. Moscow is undertaking a successful test of its new zirk on hypersonic cruise. Missile with russian president vladimir putin describing it as invincible the missile was launched from the worship admiral gorshkov reaching speeds of woman's mac seven before hitting its target in the berendt sea coast in northern russia at three hundred fifty kilometers away putin early claims on a range of a thousand kilometers at a top speed of mac nine. The russian defense ministry says it has plans to quip earth warships and submarines within you cirque on in recent years russia's boast of developing several new generation missiles designed to circumvent existing defense systems.
KLBJ 590AM
"defense ministry" Discussed on KLBJ 590AM
"Millions of people that don't have the opportunity to get the shot and we worrying about criminals. The Pentagon says. It is quote, pausing the plan. Boxes. Roger Stern, an olive branch of sorts from Israel to the Palestinians, for the first time Israel is allowing for the transfer of the Corona virus vaccine to the Palestinians. Israeli Defense Ministry says over 5000 doses are being sent to immunize frontline medical workers up until now, Palestinians have not received any of the vaccines. This move comes after the issue was raised by the World Health Organization, which noted the disparity between Israelis getting vaccinated versus those Palestinians in the Gaza Strip and the occupied West Bank. Several human rights groups and the U. N have said that the Jewish state is responsible for the well being of Palestinians in those areas. Israel says that's not so and that they have not gotten any requests for assistance. Karen McCue Fox news and I'm camp yourself. His name is Thistles news Radio K L. B J Now to ask you whether for your radar Weather Watch today will be a breezy day with plenty of sunshine and a high of 67 Tonight, Clear and chili with a little 36 to 40. Bright sunshine tomorrow Beautiful day with an afternoon high of 66 Tuesday remaining mostly sunny and quite nice with a high again 66 from the Weather Center. I'm meteorologist Joe Lundberg. And Facebook. We continue to take critical steps to better secure our platforms, including more than tripling safety and security teams to 35,000 people and partnering with security researchers, other tech companies and law enforcement..
WGN Radio
"defense ministry" Discussed on WGN Radio
"Whose nation this hour I'm Roger. Banish. US says reaffirmed support for Taiwan following China sending warplanes near the island State Department says it notes with concerned the pattern of China's ongoing attempts to intimidate its neighbors, including Taiwan. Wants. Defense Ministry says China Sun, eight bombers capable of carrying nuclear weapons and four fighter jets just southwest of the island. China's state media says 10 workers transfer two weeks after an explosion in a northern China gold mine have been provided with food as attempts to bring them to the surface continue. One of the workers have reported to have died. While the fate of 11 others is unknown. Mine had been under construction when an explosion Britt threw it on the shaft is reportedly blocked 1000 ft below the surface by 70 tons of debris. Rescuers estimate another two weeks will be needed to bring the workers to safety. You. Almost simultaneous earthquakes have been felt. The South Shetland Islands in the Antarctica and in central Chile were building shook in the Capitol with no casualties or damage reported the quake in the south. Shetland Islands had a magnitude of 6.9 all the earthquake and chili had a magnitude of 5.8. The new Secretary of Defense, Lloyd Austin, is giving a senior leaders two weeks to send in reports on sexual assault prevention programs in the military. Austin is also seeking an assessment of what has worked and what hasn't. His memo went out Saturday, fulfilling a commitment he made to senators last week during his confirmation hearings. Reports of sexual assaults have steadily gone up since 2006. Celebrities passing away this week. Talk show icon Larry King spent half a century and broadcasting no cause of death was given, but a spokesperson said earlier this month that King had been hospitalized with covert 19. He was 87 Jimmie Rodgers recorded such hits as Honey Comb and Kisses Sweeter Than Wine in the 19 fifties and sixties. He died Monday from kidney disease at age 87. He had also tested positive for covert 19. Much news nation every night on WGN America or go on the news nation. Now, after news around the clock, I'm Roger.