37 Burst results for "Dow Jones Industrial Average"

Fresh update on "dow jones industrial average" discussed on Bloomberg Businessweek

Bloomberg Businessweek

00:26 sec | 3 hrs ago

Fresh update on "dow jones industrial average" discussed on Bloomberg Businessweek

"So good for the environment high torque high fuel economy I think the world is going to be taken by surprise Toyota announced last year they were spending about $400 million on a redesign of their full size pickup truck The plant in San Antonio was expanded by about 470 football fields to accommodate the new technology At disappointing jobs report is capping the end to a crazy week on Wall Street The major averages fell Friday after the report did not need expectations The number for November came in at 210,000 while the unemployment rate fell to 4.2% The tech heavy NASDAQ was hit especially hard at lost 295 points to close at 15,085 the Dow Jones Industrial Average lost 59 and the S&P 500 dropped 38 points to close at 45 38.

Toyota San Antonio Football
Fresh update on "dow jones industrial average" discussed on Climate One

Climate One

00:46 min | 5 hrs ago

Fresh update on "dow jones industrial average" discussed on Climate One

"President speaking there to reporters at The White House as he was leaving for a weekend at Camp David details for a phone conversation between Biden and Putin for next week are still being worked out but Biden says he will not accept Moscow's red lines when it comes to Ukraine tens of thousands of Russian troops have been deployed near Ukraine's borders The parents of the 15 year old accused of killing four students in this week's shooting at a high school in Michigan are in custody James and Jennifer crumbly were captured overnight in Detroit after they did not appear for a raiment on Friday on involuntary manslaughter charges They are now expected to be arraigned later this morning police say a person who helped them may also face charges Or a vaccination rates across the south may make the region more susceptible to another COVID surge when the omicron variant Blake farmer of member station wpl in reports at some rural counties still have less than a third of residents vaccinated COVID vaccinations have pretty well stalled out in several southern states around 50% And many Republican political leaders have backed off their encouragement to get protected Doctor Wendell and Edmond an epidemiologist at Tennessee state university says elected officials need to understand that remaining unvaccinated is as risky as ever with the omicron variant arriving We need to let them know that now that if we can educate them then we're no longer dropping the ball they are Inman says her biggest concern is for communities with low vaccination rates They'll no longer be protected by other public health measures like mask mandates which have been all but forbidden in some conservative led states Friend Pyrenees I'm Blake farmer in Nashville early now to Wall Street Sox fell this week as investors weighed the fallout from the new omicron variant and a disappointing jobs report and Pierre Scott hoarsely reports a Dow Jones Industrial Average slipped about 60 points on Friday All the major stock indexes lost ground on Friday after the Labor Department reported that employers added just 210,000 jobs last month That's the weakest job growth of the year and far below analyst expectations The unemployment rate however was also down in November to just 4.2% and nearly 600,000 people join the workforce The jobs report is based on surveys conducted before the discovery of the omicron variant and don't reflect any economic fallout from the new strain investors are nervous though for the week both the Dow and the S&P 500 dropped around 1% while the NASDAQ fell more than two and a half percent It's got horse the empire news Washington And you're listening to NPR news U.S. Navy says a water well used by hundreds of military families in Hawaii is contaminated with petroleum Why public radio is built doorman reports of problems are centered on a water supply near Pearl Harbor The navy and Hawaii has fielded more than a thousand complaints about water since this past weekend including stomach pains nausea and other health issues and drinking water that smells like fuel The hoi Department of Health says the 93,000 people hooked up to the military water system should avoid using it for drinking or cooking The impact also extends to the civilian community including at least three public schools that have reported fumes in their tap water Navy secretary Carlos del toro will get more details on the case when he arrives in Hawaii for next week's 80th anniversary of the Attack on Pearl Harbor for NPR news I build dormant in Honolulu All sir opened today in the West African nation of Gambia where voters are deciding a tight presidential election incumbent president Adama barrow is facing 5 challengers results are expected by tomorrow The election is the first that will not have former dictator Yahya Jammeh on the ballot He was ousted in 2016 and fled the country after refusing to accept the outcome Honda is recalling nearly 725,000 SUVs and pickup trucks the Japanese automaker says the vehicle's hoods could open while in motion The notice.

Biden Jennifer Crumbly Ukraine Blake Farmer Camp David Pierre Scott Hoarsely Putin Tennessee State University Moscow White House Wendell Edmond Inman Detroit Michigan Hawaii
"dow jones industrial average" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:31 min | Last month

"dow jones industrial average" Discussed on Bloomberg Radio New York

"And at Bloomberg quick take This is a Bloomberg business lash Boom Bloomberg world headquarters I'm Charlie peloton best level of the day right now on the Dow Jones Industrial Average S and PS stack all pushing higher right now with the S&P up 70 right to the numbers will give her the lines of color in a moment here S&P up 1.6% the Dow surging 512 up one and a half percent NASDAQ rallying 251 up by 1.7% Ten year yield now 1.51% tenure is up 6 30 seconds Stock market on track for its best day since March better than estimated corporate earnings and economic data outweighing fears that inflation pressures and supply chain snarls could crimp growth All major groups in the S&P 500 Index are advancing bank shares among the standouts today Morgan's Stanley for example its investment bankers scored their best quarter ever boosted by a torrid pace of deal making Here is Morgan Stanley chairman and CEO James Gorman who spoke this morning with Bloomberg radio and television I mean the acid flows coming into the wealth and asset management business I think we're about 400 billion year to date and new money that's come in And then we continue to see share gain and extremely good performance across the whole investment banking sales and trading platform I don't expect the investment banking pipeline to slow down at this point It remains very robust and then eventually the fed starts tapering Move to read increases You're going to see more volatility in the fixed income space Yeah Morgan Stanley up right now by 1.8% Goldman Sachs by the way reports tomorrow it shares higher now by just about 6 tenths of 1% among some of the other banks reporting this morning Citigroup up three tenths of 1% Bank of America 3.3% Wells Fargo on the minus side Wells Fargo shares trading lower now by just about 2% profit there top estimates but expenses were higher than anticipated and loans fell We've got gold advancing two tenths of 1% 1796 ounce West Texas and immediate crude up 7 tenths to 81 O two a barrel So again recapping ten year yield 1.51% banks lift stalks S&P up 71 now up 1.6% One O two on Wall Street time now for the market drivers report for the focus on American depository receipts And here's day Wilson Thanks Charlie.

Morgan's Stanley James Gorman Bloomberg radio Morgan Stanley Bloomberg S Wells Fargo Goldman Sachs fed Citigroup Bank of America
Stocks Drop the Most Since May on Worries Over China, Fed

AP News Radio

00:52 sec | 2 months ago

Stocks Drop the Most Since May on Worries Over China, Fed

"Hi Mike Rossi a reporting stocks dropped the most since may on worries over China and the fed worries about a potential collapse by Evergrande one of China's largest real estate developers and the potential ripple effects across markets sent stocks tumbling on Wall Street Monday the markets are also worried the federal reserve may pull back its support for the economy the S. and P. five hundred suffered its biggest drop in four months falling over seventy five points or one point seven percent to four thousand three fifty seven seventy three after two weeks of losses the S. and P. five hundred is on track for its first monthly decline since January the Dow Jones industrial average briefly dial nine hundred seventy one point fell six fourteen to thirty three thousand nine seventy the nasdaq fell three hundred thirty points or two point two percent losses mirrored drops in overseas markets hi Mike Rossio

Mike Rossi Evergrande FED China Mike Rossio
A Global Selloff to Kick off Disrupt Week

Equity

00:28 sec | 2 months ago

A Global Selloff to Kick off Disrupt Week

"A hello. This is alex of course happy monday. Hope you're doing. Well hope he had a good weekend and that all things are gucci where you are. I'm scared because the markets are in freefall. This morning it is an absolute mess out there. We have the dow jones industrial average off six hundred twenty points in market trading or two point eight percent that in case. You're not sure is lot yes. It is the nasdaq is off two hundred and eighteen points or one point four percent. This morning again. Pre-market trading numbers. So we're kind of looking ahead to what the. Us markets will

Gucci United States
400-Point Gain Turns Dow Industrials Positive for the Week

Sean Hannity

00:46 sec | 5 months ago

400-Point Gain Turns Dow Industrials Positive for the Week

"Major averages ended the week with record closes today, rebounding from the previous session's losses of concerns of a slowdown in global economic growth. The Dow Jones industrial average rose about 448 points, or 1.3%. The S and P. 500 was up just over a percentage point and the technology heavy NASDAQ composite rose 1% as well. Today's comeback brought all three major averages into the green For the week. The Dow rose a quarter percent for the week, and the S and P. 500 NASDAQ were up almost half a percent for the week. The stocks that led the losses on Thursday all recovered with major gains today. Bank of America jumped 3.3% leading a bounce in financial shares. American Airlines and United Airlines both gained more than 2%.

Bank Of America American Airlines United Airlines
Virgin Galactic's Richard Branson to Fly to Space

Morning News with Manda Factor and Gregg Hersholt

00:18 sec | 5 months ago

Virgin Galactic's Richard Branson to Fly to Space

"Pilots and three other mission specialists will make up the crew. Branson's voyage aboard Virgin Ones. Galactic spaceship will come just nine days before fellow billionaire Jeff Bezoza takes off for his own trip to the edge of space in one of his blue origin rockets. Well, the Dow Jones industrial average is up by about the same margin as it was down

Jeff Bezoza Branson
Nasdaq Holds Gains for Record High, Dow, S&P 500 Close Lower

The Money Hour

00:15 sec | 5 months ago

Nasdaq Holds Gains for Record High, Dow, S&P 500 Close Lower

"Afternoon. The Dow Jones industrial average, which opened slightly higher is down 27 points. 33,009 18. The S and P 500 up about a 5000.4000 to 47, the NASDAQ piling on the gains from yesterday's record high up about 19 points

US Stock Indexes Are Mixed

Rush Limbaugh

00:17 sec | 6 months ago

US Stock Indexes Are Mixed

"Pat US stock Mark. And indexes were again mixed. Yesterday, The Dow Jones industrial average fell. 0.1% and the S and P 500 was essentially unchanged. But the NASDAQ was up 5000.3% and the Russell 2000. The index of smaller company stocks returned almost 1.1% so mixed results

Pat Us Stock Mark
S&P 500 Posts First Back-to-Back Weekly Losses Since February

Sean Hannity

00:17 sec | 7 months ago

S&P 500 Posts First Back-to-Back Weekly Losses Since February

"A percent for the week. The S and P 500 was down almost half a percent, its first back to back weekly losses since February. Dow Jones Industrial Average finished down half a percent. But the NASDAQ ended up 3/10 of a percentage point breaking a four week

Dow Ends up Over 300 Points to Record High

News and Perspective with Taylor Van Cise

00:17 sec | 7 months ago

Dow Ends up Over 300 Points to Record High

"Another record high finish with the Dow Jones industrial Average today Amid more positive news on the jobs front, the blue chip Dow tacked on another 318 points to ended 5 34,048. S and P 500 gained 34 points, while the NASDAQ composite rebounded 50 to halt a four day skid.

Index Funds and Chill

Money Rehab with Nicole Lapin

01:46 min | 7 months ago

Index Funds and Chill

"At the start of the pandemic every person on twitter with deming me slipping into those. Em's about hot stocks. They're like nicole. Should i buy xue. What are your thoughts on. Peleton net flicks is killing it right now with. Everyone stuck at home watching it. Should i buy their stock. To all of those folks who said it was their first time getting into investing is said hell to the no no investing in individual stocks and i repeated the title of this episode to them index funds and chill warren buffett. He has a very smart investor perhaps best of all time said the greatest investment americans can make is putting their money in low cost s and p five hundred index funds and when the greatest investor of all time speaks. We should seriously listen so. Let's unpack what he said. An index is a collection of different stocks by a certain set of parameters. So what does that mean when you hear the stock market report saying the dow is up blah blah blah the s. and p. Five hundred is down blah blah blah. The nasdaq is blah blah blah level. They're talking about the three main indexes the dow the s&p five hundred and the nasdaq now the dow jones industrial average or just the dow for example tracks the thirty biggest stocks in the united states including ones like apple and microsoft dizzy the s. and p. Five hundred is made up of recently five hundred and five stocks which is annoying to my organizational. Put it in a bento box praying. But i digress there. It's made up of different large cap. Companies or companies with a value of more than ten billion

Nicole Warren Buffett Twitter United States Apple Microsoft
Dow Climbs More Than 160 Points to Another Record

News, Traffic and Weather

00:43 sec | 8 months ago

Dow Climbs More Than 160 Points to Another Record

"Closing highs today with blue chips pacing the events. The Dow Jones industrial average rose 164 points to end the week of 34,200. Blue chip index down in the fourth straight weekly game theme S and P 500 moved up 15 points also to a new high, the NASDAQ composite added. 13 points, Morgan Stanley reported first quarter profits that more than doubled and revenue that jumped 60% to record levels. But huge trading losses related to the hedge fund. Archie goes, weighed on Morgan Stanley's stock. Shed 2.8% U. S. Oil prices fell slightly halting afford a streak of gains make crude slipped 33 cents to settle it. 63 13 a barrel Still, though it logged a weekly rise of 6.4%, that's your money now. In the

Morgan Stanley Archie
Consumer Prices Rise More Than Expected, Pushed by Jump in Gasoline

Morning Edition

00:51 sec | 8 months ago

Consumer Prices Rise More Than Expected, Pushed by Jump in Gasoline

"Reported a sharp increase in consumer prices. Last month. NPR's Scott Horsley reports, the Dow Jones industrial average fell about 120 points in early trading. Consumer prices jumped by 6/10 of a percent last month. That's the sharpest increase in 2012. Higher gasoline prices accounted for nearly half the monthly increase. The prices for food, recreation and furniture were also higher. Over the past year, Prices have risen by 2.6%. That's well above the Federal Reserve long range target for inflation of 2%. But the central bank says the sharper increase coming out of the pandemic is likely to be temporary and not a big cause for concern. Inflationary figures are also somewhat magnified by the sharp drop in prices a year ago when the coronavirus first took hold in the U. S. Scott Horsley NPR NEWS Washington

Scott Horsley NPR Federal Reserve S. Scott Horsley U. Washington
Your Stock Market Snapshot for Tuesday, April 6, 2021

News and Perspective with Taylor Van Cise

00:27 sec | 8 months ago

Your Stock Market Snapshot for Tuesday, April 6, 2021

"Insurance, A lackluster day for US stocks with the index is holding to a narrow range and finish He never so slightly lower. The Dow Jones industrial Average East 97 points. The S and P 500 slipped four and the NASDAQ composite fell seven. Higher energy prices over the first quarter of the year. Have men good news for business at BP Theo oil, Titan says also that have seen signs the industry is set for a rebound after last year's pandemic induced losses. Today. BP shares jumped

United States BP Titan
Nasdaq makes its way into positive territory

Yahoo Finance Market Minute

00:16 sec | 9 months ago

Nasdaq makes its way into positive territory

"Markets are in. Green territory is financials and industrials energy are leading the gains. The dow jones industrial average up two hundred and fifty points the s&p five hundred up slightly. The nasdaq slightly in red territory.

Dow, S&P 500 end at record highs on economic reopening hopes; Nasdaq slides

Larry Elder

00:29 sec | 9 months ago

Dow, S&P 500 end at record highs on economic reopening hopes; Nasdaq slides

"Maura record highs for the S and P 500 Dow Jones industrial average Prompted in several big technology companies, however, pulled the NASDAQ New. Lower The SNP did the edge up 1 10%. After spending nearly all of the day in the red, the Dow added 9/10 percent, but the NASDAQ fell 6/10 percent. Another climb and bond yields help pull money out of big tech companies, which I've started the look expensive after months of soaring through the pandemic, the Dow gained 293 points today, closing at

Maura
China, Russia Announce Plan To Build Moon Research Station

Fresh Air

00:48 sec | 9 months ago

China, Russia Announce Plan To Build Moon Research Station

"Details from NPR's Emily Fang. Both China's and Russia's National Space Agency, said in separate statements that they would begin planning a joint international lunar research station. Ross Cosmo's Russia's Space agency said the station could orbit the moon or it could be on the moon itself. Neither agency said when construction and such a station might begin, though. China has invested heavily in its base conditions. It successfully sent a probe into orbit around Mars this year, and it could begin construction on an international space station as early as this year. Current international space station has been in orbit around Earth since 1998 but is set to be retired by 2030. Emily Chang. NPR NEWS Beijing Another glance at Wall Street. The Dow Jones industrial Average is now up 1.5%

Emily Fang National Space Agency Ross Cosmo Russia NPR China Emily Chang Beijing
Buffett's right-hand man says US stock market is overvalued

Bloomberg Daybreak

00:18 sec | 10 months ago

Buffett's right-hand man says US stock market is overvalued

"Says Robin Hood markets and other brokerages attracting inexperienced investors are essentially offering quote gambling services, and I found a dirty way to make money. 97 year old Munger made the comments of the annual meeting of Daily Journal where he is chairman. Stocks Enter the Trading day in record territory. The Dow Jones industrial average closed

Robin Hood Munger Daily Journal
IMF: Vaccines will power 5.5% global economic growth in 2021

Rick Hamada

00:54 sec | 11 months ago

IMF: Vaccines will power 5.5% global economic growth in 2021

"Index had another pretty good day. What's the update Well past. The overall market was positive yesterday with the Dow Jones Total Market Index returning 0.3% for the day. And indeed NASDAQ that tech corn didn't index did well being a 0.7%. Two indexes lost ground. The Dow Jones industrial average is off 20.1% and the Russell 2000 Index of small company stocks gave up some recent gains. Following 20000.3% for the day, the S and P. 500, another popular benchmark was up almost 5000.4%. Investors are assessing how the economy and the markets will be affected by the changes in D. C. The path of the virus and the programs to distribute the vaccines. What are some specific areas for focusing on this week? Today we learned the IMF's world economic Outlook projects global GDP growth of 5.5 per se. Sent in 2021 tomorrow will see results of feds January meeting and Thursday we'll learn the first estimate of fourth quarter GDP and how the recovery is going that steeple earlier this month we

IMF
Dow, S&P 500 suffer worst day in over 2 months to start 2021

News, Traffic and Weather

00:27 sec | 11 months ago

Dow, S&P 500 suffer worst day in over 2 months to start 2021

"The Dow Jones industrial average slid 382 points or one and a quarter percent, while both the S and P. 500 NASDAQ composite skid it about 1.5%. All those indexes that hit new highs last week. Among the days many big decliners quantum escape. Shares of the battery company tumbled 40% as investors again took profits in at newly public company. Company backed by Bill Gates. Breakthrough Energy went public in November via special purpose acquisition company

Breakthrough Energy Bill Gates
"dow jones industrial average" Discussed on KFI AM 640

KFI AM 640

01:34 min | 1 year ago

"dow jones industrial average" Discussed on KFI AM 640

"The Dow Jones industrial average has lost more than 600 points, the worst hit stocks of the four major tech companies like Apple, Facebook, Amazon Microsoft, Even Netflix. The tech sector started the day with its worst drop since late March. The stock market Saul record growth last month. So some market watchers are calling this a correction right now the Dow is down 680 for NASDAQ Also down. It's down 537 S and P s. In 109 News is brought to you by your Southern California Ford dealers. Four boys. They're splitting a million dollars for being molested by a third grader. A lawsuit against the Walnut Valley school districts is the boys who are now 11 were molested at Morris Elementary and on a school bus in 2018. The suit says a teacher, the principal and the district knew the alleged abuser had exhibited significant behavioral problems before and during the period when the acts of sexual battery and sexual assault were performed. The suit argued the administration and staff should have been aware that an area behind a couch was used as a hiding place for the alleged abuse. Debra Mark Ko Phi NU Cal Fire says there have been 14,000 lightning strikes in 900 new wildfires in California since August 15th. The fires have burned more than 1.5 million acres and destroyed more than 3100 buildings. The two yellow Plains known as the super scoopers have arrived in L. A from Canada every year for 27 years, come back one and convict to have been on standby here at the Van Nuys Airport. Ready to scoop up water from lakes, rivers and the ocean to drop on flames. Chief pilot Stefan Manette says fires in L. A county aren't even his biggest challenge that's really.

Stefan Manette Van Nuys Airport Debra Mark Ko Walnut Valley school yellow Plains Saul Facebook Apple Morris Elementary Netflix California principal Ford assault Canada Microsoft
"dow jones industrial average" Discussed on 710 WOR

710 WOR

01:31 min | 1 year ago

"dow jones industrial average" Discussed on 710 WOR

"The Dow Jones industrial average up over three hundred points the S. and P. five hundred up forty points nasdaq up one hundred fifty points sixty three degrees right now your next update at the bottom of the hour breaking news at once start your day with the Len Berman and Michael Riedel in the morning six till ten tomorrow morning I'm James flippin on seven ten W. O. R. N. N. B. C. news radio station Sean Hannity coming up at three ten at six it's Buck Sexton right now it's the Rush Limbaugh show on seven ten W. O. R. filling in for Rush Limbaugh ladies and gentlemen Marc Stein yes some America's and it is way but never the FAA you only have one more C. phone a bit ago I'm on one of those infected second glance in the Midwest some just stand in his Swinton ferociously children and everything they put in front of me but it doesn't have to be life and tomorrow's rush will be back for authentic full.

Len Berman James flippin Sean Hannity Buck Sexton Limbaugh Marc Stein America Midwest Michael Riedel W. O. R. N. N. B. C. Swinton
"dow jones industrial average" Discussed on 860AM The Answer

860AM The Answer

01:42 min | 1 year ago

"dow jones industrial average" Discussed on 860AM The Answer

"The Dow Jones industrial average thank you only twelve hundred points Thursday deepening a weeklong global market rout caused by worries that the corona virus outbreak will wreak havoc on the global economy bond prices soared again as investors sought safe spaces to park money sending the yield on the ten year treasury to another record low the S. and P. five hundred is headed for its worst week since October two thousand eight meanwhile vice president Mike pence told the conservative political action committee meeting in Maryland today that the trump administration is prepared to deal with the threat of the corona virus well the risks to the American public remains low as the president said yesterday we're ready we're ready for anything meanwhile in northern California woman is believed to be the first person in the U. S. the contract the highly contagious corona virus with no known connection to it travel abroad or other known causes an Associated Press in a R. C. center for public affairs research poll finds Americans expressing widespread concerns about the security and integrity of the twenty twenty elections FBI director Christopher Wray recently told Congress that Russia is still engaged in information warfare heading into the twenty twenty election but law enforcement has not seen efforts to target infrastructure like voting machines still U. S. officials say one of Russia's goals is to sow doubt about the integrity of U. S. elections in the latest poll numbers suggest they may be having some success well a third of those surveyed said they have high confidence the twenty twenty presidential election will be counted accurately another third put their confidence and moderate while the rest said they had little confidence Ben Thomas Washington once again looking at the Dow Jones figures today the Dow was down by eleven hundred ninety points the nasdaq dropping four hundred fourteen the.

Ben Thomas Washington U. S. director FBI California vice president Russia Congress Christopher Wray Associated Press Maryland Mike pence
"dow jones industrial average" Discussed on WTVN

WTVN

01:58 min | 2 years ago

"dow jones industrial average" Discussed on WTVN

"Dow Jones industrial average gained fifty five points on Tuesday and the nasdaq up fifteen Dave Packer ABC news forty nine for the overnight low tonight with rain moving in and the wind picks up in a big way high wind warnings in wind advisories in effect on Wednesday gusts of up to fifty miles an hour will be possible the rain will taper off pretty early will get around sixty one and then the temperatures fall in the afternoon as the sun comes out I maybe see six first warning chief meteorologist Marshall like peak on your severe weather station news radio six ten WTVN for the the wall in the the the you're listening to coast to coast AM with George Noory and just a reminder folks live program thanksgiving night I'll tell you about all the other holidays as we get close to them but for thanksgiving this Thursday night we will be here with an amazing show and of course you're part of it will take phone calls as.

chief meteorologist Marshall George Noory Dow Jones
"dow jones industrial average" Discussed on WNYC 93.9 FM

WNYC 93.9 FM

02:39 min | 2 years ago

"dow jones industrial average" Discussed on WNYC 93.9 FM

"The Dow Jones industrial average hit a record high yesterday the first one since July on an increase of four tenths of a percent the Dow future this morning is up eighty four points three tenths percent suggesting perhaps a new record today we'll see but Europe's economies been faltering and growth isn't what it used to be in China this morning I asked Michael Hewson chief market analyst on the trading floor at CMC markets in London about the disconnect but I think the stock market is ever really been truly representative of the underlying economy I think is more representative all of central bank policy certainly if you look at the economic conditions here in the here in Europe there are a lot more difficult for example the nail in the US and we will say seeing the Chinese central bank eases some one year policy right for the first time since two thousand sixteen so than making minute free conditions a little bit looser in the in the Asian region as well and obviously when that happens investors generally tend to migrate into stocks and shares simply because is much better opportunity to get a return the Dow is up seventeen percent the year so far S. and P. five hundred up nearly twenty three percent the nasdaq composite up twenty seven percent this year apple ID does phones watches TV streaming and now affordable housing yesterday it made a two and a half billion dollar pledge as it joins with other big tech companies looking for ways to ease the enormous cost of finding a place to live in California one by product of tex success experts are well being the welcoming the money and the sentiments but cautioning that it's not going to fix the national problem market places Jack Stewart has been speaking to some of them apple's money joins a billion each from Facebook and alphabets Google's parent company so here's a two men from the council of large public housing authorities says these amounts are a crucial recognition of the importance of housing to both communities and corporations but even more is needed my candid assessment would be a day late and a dollar short in terms of order of magnitude I would say it's an important starting point she says public housing in the U. S. needs an injection of between fifty and seventy billion dollars and is a national shortage of seven million homes for a very low income renters says Andrew are in from the national low income housing coalition it's great to see companies like apple making investments like this because it's so desperately needed in the end what we need our federal resources he says not every part of the country has rich companies that can make investments in local housing.

"dow jones industrial average" Discussed on KCRW

KCRW

01:52 min | 2 years ago

"dow jones industrial average" Discussed on KCRW

"Dow Jones industrial average is down about sixty points that's about two tenths of a percent S. and P. five hundred down almost two tenths percent about five points and the nasdaq is down a tenth of a percent that's just four points the ten year treasury yield is slightly up at one point five three eight percent and it's set to be a busy week in trade news Japan's foreign minister and the White House say the US and Japan will sign a trade year deal here in Washington today also this week more trade negotiations with China although likely narrower in scope than before meanwhile both Republicans and the Democrats are working to approve a new north American trade deal to replace nafta and as market place's Katong reports a key detail is a union rights for Mexican workers tomorrow several members of Congress will visit Mexico to meet president Andres Manuel Lopez Obrador to talk about labor unions there Chris Wilson at the Wilson center's Mexico institute this for years some so called union leaders in Mexico were actually paid off by management that person who was in theory there to represent workers would instead be representing the employer really this year Mexico passed reforms letting workers vote to unionize by secret ballot and choose their unions many Democrats on Capitol Hill say this law is key to their support of the new US Mexico Canada trade agreement they want assurances the label I will be carried out says Kimberly Elliot at the center for global development I think what the Democrats are looking for is another credible cover from Lopez Obrador and his administration that they are serious and will implement then some Democrats could support the deal on grounds that it helps workers and boosts Mexican wages Republicans led by president trump already pushing for the trade deal I'm Scott.

"dow jones industrial average" Discussed on WLS-AM 890

WLS-AM 890

09:03 min | 2 years ago

"dow jones industrial average" Discussed on WLS-AM 890

"We were just chatting about Ponzi schemes and how the SEC has been working hard to find him and stop them. In fact, this week, the SEC took emergency action to shut down upon scheme. It was being run out of a frat house near the university of Georgia. According to the SEC. Arbab twenty two years old offered a hedge fund where he claimed to produce returns of fifty six percent. He guaranteed fifteen thousand dollar profits and college students recent graduates, and their members invested almost three hundred thousand dollars. The SEC says it was all fishes. He never invested the money. The SEC says he used the money for his own benefit, including trips to Las Vegas for shopping travel, and entertainment me also use some of the new investor money to pay off the earlier investors, which is a hallmark of a Ponzi scheme when the SEC nail them scwhab said, ladies and gentlemen, the issue here is not whether we broke a few rules or took a few liberties. We did yes, indeed did. And of course, he tried to use some smoke and mirrors to dissuade the SEC from their real attack on his illegal activity with this, wacky defense, isn't fish, an indictment of our entire American society. SEC's not having any of it. And in the press conference announcing the emergency action, here's what the spokesman had to say. Walking mysterious. My producer just told me that he wants me to acknowledge that, that was a clip from the movie animal house, seriously. Moving on changing subjects here on the Rick element show, have you noticed? What's going on in the stock market lately? The investing world has been churning. It has been volatile. The market's been going up several hundred points, a day down several hundred points in the day, and you need to recognize that. Well, this sometimes happens from time to time since eighteen ninety six. In fact, the Dow Jones industrial average has fallen two percent or more in a single day, more than one thousand times that's an average of once every thirty three days that the stock market's open for business an average of nearly eight times a year or almost once a month. The Dow is now at around twenty six thousand in other words, a price swing of five hundred points. Can be expected to occur about once every seven weeks. In other words, less than every couple of months, you'll see the Dow rise five hundred points or full five hundred points. It's routine. It's not a reason to get upset. It's not a reason to lose confidence in the stock market, or in your long term investment strategy. In fact, if you are looking at the market on a daily basis, and you happen to see a massive price movement, or even if you're not looking at the market on a daily basis, you just get home from work. We're after your golf game and you look on the evening news. And they tell you that, oh my goodness. The Dow Jones industrial average fell hundreds of points, instead of thinking, that's news. You should take a cue from our friend Paul, Paul. Because if you don't take the attitude that this is routine that it's just, thank you, Paul. Another day, you may end up taking attitude that, hey, I want to sell my investments and move them into some other kind of investment. I've got to warnings for you. One of them comes from the book selling fast and buying slow it was published late last year by three, academics from the university of Chicago's school of business Carnegie Mellon, and MIT, they examined, the daily turnover of hundreds of portfolios over several years, tracking two million stock purchases and sales, the professional money managers, and what they found is that professional money managers are pretty good at pick him stocks. They're that's their job is trying to figure out what stock they ought to buy. And when is the best time to buy it, but what the researchers discovered is that although. Their buying habits were pretty good. They're selling decisions or pretty bad, so bad that fund managers would have been better off. Choosing a stock at random to sell. In other words when it comes time to sell a stock, they were any good at picking the ones that are likely to lose money next, right? That's the stock you wanna sell the one that's about to go down, just like the stock. You wanna buy is the one that's about to go up the stock that you want to sell the one that's about to go down. And they found the fund managers are really bad at this that when they sold a stock that stock was as likely to go up after they sold it as it was to go down after they sold it in other words, thwarting, the fact that they were good at stock buying being bad at stock selling negated the first half of the equation. Showed in their research that it was very similar to research from the university of California that found investors show a strong preference for selling winter's over losers. In other words, if you've got to stocks, let's say you buy them both each stock is ten bucks a share one of them goes from ten dollars a share to fifteen the other one goes from ten dollars a share to five, which of the two do you want to sell people are far more Klein to sell the one that made money than to sell the one that lost money because, hey, I made money on that, that I scored a winner. But if you sell it as a loser, you have to admit failure. And what if then rises in value, you'll feel like an idiot, you'll feel regret from having sold at a loss when if you just held it longer it would've done. Okay. In other words, when you are dealing with investment strategy, it's not nearly what you buy when you buy it. How much of it, you buy equally important is Wendy yoursel, and most investors, according to this research, or really bad at that. And the reason I cite, it is that if you're looking at your portfolio saying, gee, the market's been churning over the past few months. I'm not happy with it. I think there are alternative investments, I'd rather own. Well, not only that premise, probably flawed. But even if you try to execute it odds are high, you'll pick the wrong investments to sell at the wrong time. And you'll be doing all of it for the wrong reason. We can help you avoid this problem. That's what we do. Here element Financial Engines is help you construct, the proper investment portfolio making sure that it's designed for your best interest to achieve your long term goals. We do this as a fiduciary as a field financial planner to make sure that you are not going to be incurring massive expenses, when buying and selling investments incurring commissions to purchase investments incurring sales charges liquidation fees, or surrender charges to liquidate investments, so that you can obtain a portfolio that is designed to help you achieve your financial goals. And in fact, let me use this opportunity to have you help us achieve one of our goals, and that's to identify. That laugh. Yes, we've had a lot of suggestions as to who's laugh, that is it is not Hillary Clinton, Kathy. Bates Phyllis Diller Joan rivers, Betty, white toady fields, JoAnne wurley, or Jane Lynch. One of our listeners suggested Rick is that Roseanne Barr? Well, no. Sorry that is a very different laugh. And so our search continues for who is that laugh. I'm Rick out when you're listening to the truth about money. I'm very excited to tell you that investment news has just ranked Eshelman Financial Engines, once again, as the nation's largest independent registered investment advisor. We are not only ranked number one on their list where almost twice the size of the next largest firm. We are very proud of the fact that so many people all across the country chosen to turn to.

SEC university of Georgia Paul Ponzi scheme Rick Phyllis Diller Joan rivers university of California university of Chicago Hillary Clinton producer Carnegie Mellon Las Vegas MIT advisor Financial Engines
"dow jones industrial average" Discussed on Newsradio 700 WLW

Newsradio 700 WLW

04:10 min | 2 years ago

"dow jones industrial average" Discussed on Newsradio 700 WLW

"And you are, in fact, listening to the truth about money here on the Rick Edelman show, one of the things we were just chatting about were Ponzi schemes and how the SEC has been working hard to find him and stop them. In fact, this week, the SEC took emergency action to shut down upon scheme. It was being run out of a frat house near the university of Georgia. According to the SEC. Arbab twenty two years old offered a hedge fund where he claimed to produce returns of fifty six percent. He guaranteed fifteen thousand dollar prophets and college students, recent graduates in their members invested almost three hundred thousand dollars. The SEC says it was all fishes. He never invested the money. The SEC says he used the money for his own benefit including trips to Las Vegas. He's for shopping travel and entertainment me also use some of the new investor money to pay off the earlier investors, which is a hallmark of a Ponzi scheme when the SEC nailed him scwhab said, ladies and gentlemen, the issue here is not whether we broke a few rules or took a few liberties. We did. Yes, indeed. And of course, he tried to use some smoke and mirrors to dissuade the SEC from their real attack on his illegal activity with this wacky defense. Isn't this an indictment of our entire American society? Is not having any of it. And in the press conference announcing the emergency action, here's what the spokesman had to say. Walking. My producer just told me that he wants me to knowledge that, that was a clip from the movie animal house, seriously. Moving on changing subjects here on the recommend show. Have you noticed? What's going on in the stock market lately? The investing world has been churning. It has been volatile. The markets going up several hundred points, a day down several hundred points today, and you need to recognize that. Well, this sometimes happens from time to time since eighteen ninety six. In fact, the Dow Jones industrial average has fallen two percent or more in a single day, more than one thousand times that's an average of once every thirty three days that the stock market's open for business average of nearly eight times a year or almost once a month. The Dow is now around twenty six thousand. In other words, a price wing of five hundred points can be expected to occur about once every seven weeks. In other words, less than every couple of months, you'll see the Dow rise five hundred points or full five hundred points. It's routine. It's not a reason to get upset. It's not a reason to lose confidence in the stock market, or in your long term investment strategy. And fact, if you are looking at the market on a daily basis, and you happen to see a massive price movement, or even if you're not looking at the market on a daily basis, you just get home from work, and we're after your golf game and you look on the evening news. And they tell you that, oh my goodness. The Dow Jones industrial average fell hundreds of points, instead of thinking, that's news. You should take a cue from our friend Paul, Paul. Because if you don't take the attitude.

SEC scwhab Ponzi scheme Rick Edelman university of Georgia Las Vegas Paul producer three hundred thousand dollars fifteen thousand dollar fifty six percent thirty three days twenty two years seven weeks two percent
"dow jones industrial average" Discussed on KCRW

KCRW

01:46 min | 2 years ago

"dow jones industrial average" Discussed on KCRW

"The Dow Jones industrial average is up thirty points. One tenth percent S and P five hundred is up nearly four tenths percent. Nasdaq up nearly five tenths or Pappa percent. The ten year treasury yield is down at two point four nine percent. President Trump has backed away from threats to close the US Mexico border at least for now he tweeted this morning that he might I Levy tariffs on auto imports from Mexico and keep the border option in his back pocket. So while the border remains open. It's now taking significantly longer to cross. Marketplace's Andy alert looks at what's causing delays and how they're affecting cross border commerce earlier this week that apartment of homeland security reassigned seven hundred fifty customs and border protection officers from ports of entry to remote areas where the president claims undocumented immigrants are pouring into the country. Traffic at those ports of entry has slowed to a crawl. We normally would cross about twenty bucks a day. Northbound. Yesterday. We were able to get about ten across Allen Russell is CEO of Tecmo company based in Paso, Texas, that helps move products across the border. He says normally trucks wait between half an hour and two hours at ports of entry in some cases, it's about toil hours to get to a new study shows that traffic slowdown will be costly economic researcher rape, Perryman ran it. If we had an overall reduction of of one third for about three months that would cost the United States about twenty nine and a half billion dollars in gross product and the equivalent of about two hundred seventy five thousand jobs, the situation at the border could get worse. Homeland security warranted might reassign another twelve hundred agents soon. I may dealer for marketplace. Marketplace morning report.

President Trump United States Allen Russell Mexico rape Andy alert president Texas Perryman CEO researcher four nine percent billion dollars three months two hours ten year
"dow jones industrial average" Discussed on WCBM 680 AM

WCBM 680 AM

01:34 min | 3 years ago

"dow jones industrial average" Discussed on WCBM 680 AM

"The Dow Jones industrial average rising today on pace for six consecutive week of gains after January's nonfarm payrolls report showed employers added more jobs than anticipated unemployment held near historic lows. But it's the Dow is turned lower recently this strong report along with a pickup in wages supported the newfound optimism in the US economy that has washed over the stock market in the new year. Fears of an economic slowdown late last year been eased by stronger-than-expected corporate earnings, thirty minutes before the closing bell stocks turning lower. The Dow Jones industrial average back up now sixteen points to twenty five sixteen the S and P five hundred index all four the. Nasdaq edging down thirty two to seventy two forty eight. A Pentagon report says the number of sexual assaults at the three US military academies increased slightly last year. But an anonymous survey suggests more encounters are going on reported. The survey says the number of students at the army navy and air force academies, saying they experienced unwanted sexual contact increased. Nearly fifty percent over the two thousand sixteen survey and see so county animal services say over sixty animals were rescued this week from what was supposed to be an animal rescue shelter. A total of thirty four cats twenty six dogs two turtles one raccoon. We're living in neglect conditions at Eden rehab and rescue locations and investigation found limited freshwater unkempt litterbox is strong ammonia fumes and kennels saturated in feces and urine twenty two degrees. Three thirty two. I'm Michael Phillip, L E six eighty WCBS news. Hi, this is Sean Casey before there was a football or baseball team in Baltimore before John's Hopkins the bay bridge, fort McHenry, and even.

US army navy Michael Phillip Sean Casey Pentagon fort McHenry Baltimore WCBS football John twenty two degrees thirty minutes fifty percent
"dow jones industrial average" Discussed on 710 WOR

710 WOR

01:54 min | 3 years ago

"dow jones industrial average" Discussed on 710 WOR

"The Dow Jones industrial average in your businesses closed above the twenty five thousand Mark on Wall Street after news. The Federal Reserve is keeping interest rates unchanged. The Dow's wrote down rose up to twenty five zero one five NASDAQ gained one hundred fifty five points to seventy one eighty three the S and P five hundred rose forty one points to twenty six eighty one and bear mayor de Blasio says he's backing the notion that Amazon should allow its employees to unionize as the tech giant's second headquarters project faces criticism a rally was held at. City hall yesterday decrying Amazon's business practices as anti labor and union later. There was a city council hearing in which the company offered solution toward helping the community mayor de Blasio noted that the agreement between the city state Amazon assured union labor would be involved in construction of a Long Island city facility. He adds that distribution warehouse employees should definitely be unionized. And for those of you who love watching the Super Bowl are going to plan on doing that this weekend, the stress of your favorite football team losing the Super Bowl could send you are. You ready for this to the emergency room? Let's hear more from Mark Mayfield. Doctor Victoria, Shannon Torrance Memorial Hospital. Cites a study in LA county, they shows an increase in heart attacks following the LA Rams nineteen eighty Super Bowl loss to the Pittsburgh Steelers birth ER physicians and cardiologists have noticed during events such this. We have an increased incidence of patients coming in either burying our after the the game complaining of chest. Pain or shortness of breath, or some sort of symptom that is related to cardiovascular stress. Meanwhile, there was a decrease in the number of heart attacks in nineteen eighty four when the then LA raiders beat the Washington Redskins. Dr Shan says the evidence is anecdotal. However, it's possible that stress and binge eating that day contributed to the increase of heart related incidents at the ER. Mark Mayfield NBC News.

Amazon de Blasio Mark Mayfield Federal Reserve LA county City hall LA Rams Shannon Torrance Memorial Hosp Dr Shan LA Long Island NBC Pittsburgh Steelers Washington Redskins Doctor Victoria
"dow jones industrial average" Discussed on 90.3 KAZU

90.3 KAZU

03:32 min | 3 years ago

"dow jones industrial average" Discussed on 90.3 KAZU

"Headlines. Live from NPR news in Culver City, California. I'm Holly Cy kowtow as expected competing proposals to reopen. The government have failed in the Senate. The Republican backed Bill included five point seven billion dollars for president Donald Trump's border wall. The Democrats Bill did not, but it included money for other security measures along the country's southern border. Senator Susan Collins said shutdowns represent the ultimate failure to govern. We at least have had two votes today on two different plans, and like the Senator from Alaska and others. I supported both plans because my priority is to reopen government more than eight hundred thousand government workers are about to miss a second paycheck due to the partial government shutdown now in its thirty four th day. A new report shows federal funds for pollution declined in. Two thousand eighteen and peers Rebecca hersher reports the EPA is pursuing fewer prosecutions. The Environmental Protection Agency is responsible for prosecuting companies and citizens to illegally pollute the air and water but civil fines for pollution have dropped dramatically under the Trump administration. According to a new analysis of federal data by the Washington Post using public data collated by a former EPA official who served in the Obama administration. The paper found that the EPA leveled seventy two million dollars in fines last year, that's eighty five percent less than the average annual finds in the twenty years before the Trump administration began the same data show a decline in the number of pollution related prosecutions. The EPA is pursuing EPA officials have argued that companies are doing more self policing because of advanced electronic monitoring Rebecca hersher, NPR news on Wall Street, the Dow Jones industrial average closed down twenty two points at twenty four thousand five hundred fifty three that's less than a tenth of a present. The nasdaq. Is up. This is NPR. In less than two months Britain is set to leave the European Union. And there is still no deal in sight. Larry Miller reports countries there are aggressively reaching out to nervous UK based companies. The Dutch investment agency says it's in talks with more than two hundred fifty British companies officials have reportedly offer UK firm significant incentives for relocating, including big personal income tax breaks this week. French president Macron hosted an investment summit for more than one hundred and forty British businesses. Under the banner of choose France. There's also strong competition for British business from other EU countries, including Germany on top of that a stark warning from Airbus which supports around one hundred and twenty five thousand British jobs. Ceo, Tom enders, says it's a disgrace business can't plan for Brexit. And that Airbus may need to make potentially very harmful decisions for the UK for NPR news. I'm Larry Miller in London, though, Wisconsin teenager who free. Herself from twenty one year old man now facing kidnapping and homicide. Charges will receive at least half of the fifty thousand dollar reward money that was offered while she was missing Jimmy costs managed to escape eighty eight days after both her parents were killed during the search for cost the Turkey plant that her parents worked for Genio offered twenty five thousand dollar a twenty five thousand dollars reward. And today, a company spokesman says that will be donated to help, Jamie. This is NPR..

NPR EPA Rebecca hersher Airbus UK Larry Miller government Senator Susan Collins Donald Trump European Union Holly Cy Culver City Senate Environmental Protection Agenc Senator California Bill kidnapping
"dow jones industrial average" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:56 min | 3 years ago

"dow jones industrial average" Discussed on Bloomberg Radio New York

"Thanks so much, Karen. Yes. We are seeing green across the screen. Let's bring in our Bloomberg stocks editor, Dave Wilson. What stores falling Dave? Well, you've already mentioned Proctor and gamble Paul. It's one of three companies that are Dow Jones industrial average reported since late yesterday. It actually has the smallest gain of the three four percent higher yet. You've got to other stocks up even more than that one of them is United Technologies with a gain of more than five percent. The company's companies and sales surpassed analysts average estimate in a Bloomberg survey by the most in more than a decade. This year's earnings may also beat projections. And then you have IBM up about seven percent. The computer company's fourth-quarter earnings and revenue beating estimates IBM's consulting business led the way the company's profit forecast for this year also topped projections before you go into all of the other things I wanna just talk about how important earnings are this time around given the fact that we don't have the broader data in other words every day. The forward-looking expectations of these companies. Whether it's Proctor and gamble or whether it's delta makes that much more of a difference because we don't have that economic data from the fed or from any other agency absol- EMMY, there would be a focus on earnings. Anyway, at this point, given that we're seeing the numbers kind of broaden out the on the financial companies reported last week that says your point is well taken that there's even more reason to focus on the corporate numbers because you don't have as many economic numbers to go through. And so today as you've been talking about we've been seeing better than expected, earnings IBM. Of course, had a surprise pop in their cloud business. Is there any larger takeaway before you go into the other details or any larger takeaway that we can kind of get about the economy right now, you know, I'm kind of reluctant at this point. Those companies that are up I.

IBM Bloomberg Dave Wilson Proctor Dow Jones Karen United Technologies fed editor absol- EMMY Paul delta three four percent seven percent five percent
"dow jones industrial average" Discussed on KSFO-AM

KSFO-AM

02:02 min | 3 years ago

"dow jones industrial average" Discussed on KSFO-AM

"Sixty San Francisco, a Cumulus station. Now on Amazon just tell Alexa, play five sixty ks Senate action strike over. I'm John trout. The Senate will push forward with two bills to end the government shutdown. Neither of these proposals is expected to pass they both would need sixty votes in order to do. So so while this is a small development. It does not signal that we are any closer to ending the shutdown Abby Philip one Bill features present. Trump's demand for border wall funding, the second a measure to reopen the government through February eighth Senate rules require at least sixty votes B L, a teachers strike is over teacher's union. President Alice Caputo Pearl says educators one more than just a pay increase keeping benefits intact. He says three hundred nurses, eighty librarians more counselors are being hired and they've won a provision to begin in twenty eight schools, a more, trusting and nurturing environment, they will stop using the practice of the so-called random searches which have been criticized for contributing to racial profiling, interrupting instructional time breaking trust between teachers and students in place will be anti-gang and other safety programs. The teacher's union also want to capture the growth of charter schools and a captain class sizes. Jim Roope, Los Angeles. Dow takes a dive on Wall Street at the end of trading. The Dow Jones industrial average was down almost three hundred and two points. A lowered projection for global growth from the International Monetary Fund was enough to give investors reason to be concerned China. GDP rate for twenty eighteen with six point six percent. Its lowest pace in almost three decades. Jeff mills is co chief investment strategist at PNC financial services. Anything that's going to have a negative impact on global growth is going to be a problem for S and P five hundred earnings a not so great housing report didn't help matters. According to the national association of realtors existing home sales fell ten point three percent for the year. Steve kastenbaum. New york. Mariano Rivera has been elected to the baseball hall of fame. Rivera is baseball's first unanimous hall of fame selection, his.

Mariano Rivera Senate President Alice Caputo Pearl Cumulus station John trout Amazon Abby Philip San Francisco Alexa International Monetary Fund Dow government Jeff mills Trump baseball Steve kastenbaum New york Jim Roope Los Angeles
"dow jones industrial average" Discussed on KLIF 570 AM

KLIF 570 AM

01:38 min | 3 years ago

"dow jones industrial average" Discussed on KLIF 570 AM

"This is real news and information five seventy KLIF. Cloudy. Fifty degrees with five seventy KLIF news and information, I'm Chad Dickson delays to people who want to be the next Dallas mayor keeps growing. Dallas state Representative Eric Johnson has announced he's running Johnson was first elected to the legislature in twenty ten. He says he can offer the citizens of Dallas, a unique combination of experience, energy and creativity. When it comes to solving problems Johnson was recently behind the push to have confederate plaques removed from the state capitol frito Ross KLIF news. Let's get a look at your money. Here's Spencer McGowan with NetWorth radio at the lows of the first trading day of the week. Dow Jones industrial average down over five hundred points a series of negative headlines. US cancels trade planning meeting with China. Unusually large drop in home sales and the decline led by technology. Amazon down nearly five percent to the day. Versus Dow Jones industrial average down a little over two Google gave up three percent clearly technology leading the way down interest rates on the thirty year. Treasury and the ten year treasury fell by nearly five basis points treasury buying confirming concerns about an economic slowdown. I'm Spencer mcallen, president McGowan group net worth radio dot com. News information time is seven five. Let's get a look at your forecast. And I think should start to clear up. It's going to stay Wendy and turned colder with lows in the mid thirties tonight tomorrow,.

Eric Johnson Dallas Dow Jones Spencer McGowan frito Ross KLIF US Treasury KLIF Spencer mcallen Chad Dickson Amazon state Representative Wendy Google China president Fifty degrees
"dow jones industrial average" Discussed on KCRW

KCRW

04:17 min | 3 years ago

"dow jones industrial average" Discussed on KCRW

"Learn more at carbonitEcom in New York, I'm Sabrina short in for David Brancaccio. Who's on assignment, the US chamber of commerce and the American Chamber of commerce in China have issued a report aimed at US trade officials meeting with Chinese negotiators next week. It was first obtained by the Wall Street Journal. The report focuses on Beijing's made in China twenty twenty-five plan, which is designed to make China a global player in robotics, and aerospace, technology and electric vehicles. Critics across the globe complained those goals, depend on young fair support. And subsidies from the Chinese government in discrimination against foreign companies. Marketplace's Nancy Marshall genzer joins me. Now live from Washington, Nancy. What are these business groups concerned about what they say? China is an elite level playing field for US companies. China says the maiden China twenty twenty-five plan would not shut out foreign firms, but the chamber say it would give Chinese companies even more of a home field advantage. China's negotiators in the trade talks have been playing down to meet in China plan. But this report points out some concrete steps that China is taking to actually implemented it's carving out demonstrations owns around the country. So for example, Inner Mongolia is supposed to produce mobile medical products like wearables and a prompt province near Hong Kong would concentrate on robotics. Well, and so what's the problem with these demonstrations owns wire US companies flagging, these well, the report says the Chinese government will offer tax breaks and subsidies and encourage banks to increase credit lines for demonstrations own projects, the US does that kind of thing too. But the chambers are concerned about other things like intellectual property theft. So what are the reports recommendations, son? It says the US trade negotiators should focus. More on changing the way China treats US companies operating there and not concentrate so much on just getting China to buy more US exports so convincing Beijing to stop forcing US companies to share technology with Chinese companies and stopping intellectual property theft. The report also says the US negotiators should require quote, clear benchmarks timelines, and intensive monitoring to be sure that Beijing actually keeps its promises and it says the US should push for a new international organisation to settle complaints from US companies that are operating in China. Marketplace's Nancy Marshall genzer. Thank you. So much. China is demanding the US drop its arrest warrant for mongo mung on Joe the CFO of wa she was arrested in Canada last month at the request of the US government. The US alleges mung helped we get around US actions on Iran. China's also asking the US not make a formal extradition request to Canada that would bring money to the states for trial. Canada's ambassador to the US told CNN that his understanding was the US intended to proceed with the extradition request. Let's take a look at the numbers. The Dow Jones industrial average is down one hundred and thirty four points. That is a half a percent, the S and P five hundred is down eight tenths of a percent. The NASDAQ is down one point one percent despite the government shutdown snap or the federal food assistance program is funded through February, but whether people will receive benefits in March is very much up in the air. Janet Boban reports the federal government asks states to distribute the food assistance early. So it wouldn't be affected by the shutdown but getting benefits early can lead to confusion recipients have to budget the amount over a longer stretch of time. More concerning is what would happen if snap doesn't get its March funding Craig Gundersen economics, professor at the university of Illinois. We're talking ten million more people who would be suffering from footage security, roughly thirty eight million Americans get the benefit which comes out to around one hundred and twenty five dollars a month, if snap benefits aren't renewed the negative effects could. Cascade into the broader US economy says Joseph persuade us chief economist at tax and consulting company r s m we could put the economy in such dire straits that it could possibly tip into recession later this year. Persuade us says that's not a great way to start off the economy in two thousand nineteen in New York. I'm Janet Boban for marketplace..

US China US chamber of commerce Chinese government Beijing New York Wall Street Journal David Brancaccio theft Canada Nancy Marshall genzer Nancy Marshall Washington federal government Janet Boban Inner Mongolia Hong Kong Craig Gundersen mongo mung