35 Burst results for "Ed Baxter"

Olympic Athletes Promised Legal Support if They Protest

Bloomberg Daybreak: Asia

00:20 sec | 2 months ago

Olympic Athletes Promised Legal Support if They Protest

"The IOC is ruled that athletes who make political or social justice protests at the Olympics well, that they the slogans they say, like a black lives matter will not be allowed. And now the athletes have been promised legal support by a global union and activist group in Germany and San Francisco. I'm Ed Baxter, This

IOC Olympics Germany Ed Baxter San Francisco
"ed baxter" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:06 min | 3 months ago

"ed baxter" Discussed on Bloomberg Radio New York

"When the winning touchdown is just within reach. Simply knew surges. Slower re opening or in Texas case possible closings. New York Governor Andrew Cuomo, announcing Maura Relax ation of rules today to York on March 19th since they Connecticut goes to 100 out restaurants outside of New York City. Which have been at 50%. Will now go to 75%. They also appear did he's not going to resign? U S. State Department officials say Russian intelligence agencies have mounted a campaign to undermine confidence and fives or another Western vaccines questioning safety. Sino farms recumbent protein vaccine by the way, according to China National Radio is going into clinical trial soon. U S President Joe Biden today at the commemoration of the Selma voting rights conflict known as Bloody Sunday announced he is signing a new executive order to expand the voting rights and the United States elected officials and 43 states. I've already introduced over 250 bills to make it harder for Americans to vote. We can not let them succeed. He says. Every eligible voter should have his or her vote counted in Myanmar labor unions have called for a nationwide work stoppage beginning today, police have occupied hospitals and universities and have reportedly arrested hundreds of people involved in the protest resulting from the military seizure of power. You ain't going last night Sounds of gunfire and heavy weapons in the streets in San Francisco. I'm Ed Baxter. This is Bloomberg. Douglas. Thank you, Ed. Well, one of the focal points for financial markets. Clearly what's happening with US Treasuries? Let's take a closer look now with Kristina Hooper, the chief global market strategist at Invesco. Thanks for being with us, Christina last week. You seem to suggest the bond market really failed to get the kind of assurance it was looking for from Fed Share J. Powell, essentially that he would be planned for Keeping the market market rates from getting too out of control. I'm wondering, though, whether the market can begin to tolerate higher rates if it really is a reflection of the improved outlook for growth, not so much the inflation story. What do you think? I think so. I think that on most days right, the stock market really will look through concerns about inflation and focus more on what is a really appealing economic growth picture. Um, what we're seeing in terms of vaccine rollouts and a number of countries, especially the U. S. Is very, very impressive and suggest it really paved the way for a strong economic recovery. And so I do believe that that outweighs concerns about inflation. Sitting to make a good point that if you had basically falling asleep all of last week, you would have woken up and seen markets at pretty good levels and and missed all the volatility that we saw with that in mind in the stimulus package is that priced into we continue to see things ratchet higher here after the stimulus, or we kind of already know that this is happening. The stimulus is largely priced in, but I think it could play a role in terms of inflaming concerns about inflation. Let's face it. That is something that is on the minds of a lot of market participants, and they're worried about the 10 year yield. And so I think in the near term, we could see more days of volatility in the wake of the passage of this stimulus bill. So will the Fed be forced to change course. Or at least maybe Expand its purchases of assets add to the balance sheet. I certainly think the Fed would be reluctant to do that. He even mind that What we're seeing is just a transition, and it's a pretty short term transition. We actually saw in even bigger change last year as Treasuries adjusted to the spread of the of Koga 19. The pandemic Treasuries went from the race for above 1.6 down to 0.54% of the course of a few weeks. So this is the kind of adjustment we should expect when economic growth prospects changed dramatically, and I think the Fed will be patient. But it certainly is thinking about yield curve control tools. We know that from an FOMC meeting last year, and I think would consider employing it if the situation became, shall we say, disorderly to quote chair, pal? One of the beneficiaries of higher rates, at least in the near term has been the dollar. We can talk about that when we continue the conversation. What is your outlook for the greenback? Kristina Hooper, our guest. Chief global market strategist at Invesco Advisors. We're going to update you on market action shortly. We've got rallies underway in Sydney and Tokyo. Details coming up Daybreak. Asia THISTLES Bloomberg Not.

Christina Ed Baxter Sydney New York City Ed Tokyo San Francisco FOMC Kristina Hooper last week Douglas 75% March 19th 10 year 50% U S. State Department Invesco Advisors Invesco China National Radio last year
Can Trump be barred from holding federal office again?

Bloomberg Daybreak: Asia

01:13 min | 4 months ago

Can Trump be barred from holding federal office again?

"New proposal has been put in the mix to center Donald Trump and make sure that he can't hold public office again rather than an impeachment conviction. Let's get to Ed Baxter in San Francisco. Here's all the global news, ed. Yeah, Interesting. Juliette seems to hit about the medal. It comes from Democrats Senator time Tim Kaine, who says it may give the desired results. I'm very worried about going through this trial and having the punch line at the end being Trump acquitted again. That's why we put this alternative on the table. Meanwhile, the impeachment trial is scheduled for next week. Both sides have filed their briefs has predicted the new Trump defense team is focused on their contention that It is not constitutional convicted former president The prosecution says Trump was impeached before his term was over as well. Bloomberg's mark Nick Katz says they reject the incitement argument on its face. He cannot be blamed for inciting this riot that His language at this rally, do not in any way provoke this. And the other element that the defense I's gonna make is that this was preplanned evidence is coming out that you know this. This right didn't happen just on the spot when the president was Speaking near the capital that elements were planning this siege on the Capitol building long before that day. The trial is scheduled for next week.

Ed Baxter Donald Trump Tim Kaine Juliette Mark Nick Katz San Francisco ED Bloomberg Capitol Building
Biden unveils COVID-19 economic response plan and vows to speed up vaccinations

Bloomberg Daybreak: Asia

02:59 min | 5 months ago

Biden unveils COVID-19 economic response plan and vows to speed up vaccinations

"Jules well, President elect Joe Biden has announced plans for more economic relief and vaccine distribution. Baden said his $1.9 trillion plan, called the American Rescue plan is designed to spur further economic growth after the pandemic ends the return on these investments in jobs Racial equity. Prevent long term economic damage. The benefits will far surpass far surpassed the cost. Pandemic. A bill spends $400 billion for covert 19 management more than $1 trillion in direct relief spending and $440 billion for communities and businesses. This comes in it more than double the bipartisan bill approved last month and only slightly below the March 2020 cares Act. The rescue plan includes $350 billion for state and local governments. In the coming weeks Bod and will unveil a second broader jobs and economic recovery plan. This plan will also include money for longer term development goals, such as infrastructure and climate change. Well as we've been reporting, President elect Joe Biden isn't waiting for Inauguration Day to start work on the stimulus package. Let's get to Ed Baxter. In San Francisco. For more it. Yeah, it is. A $1.9 trillion packages we've said and is reporting will be broken in the two bills. First, the covert fight and that economic relief now this speech That we just heard was more broad stroke and saying rescue and recovery and saying he'll be laying out specific shortly. This was about tone and asking for unity. The correct course and meet our goal of 100 million shots at the end of my 1st 100 days is president This will be one of the most challenging operational efforts we have ever undertaken is a nation. We'll have to move heaven and earth. Get more people vaccinate to create more places for them to get vaccinated to mobilize more medical teams to get shots and people's arms. Increase vaccine supply. Get it out the doors fastest possible. Will also do everything we can Keep our educators and students safe. Safely reopen the majority of our K through eight schools. By the end of the 1st 100 days, As I say they have been releasing that some of the specific Senate Nancy Pelosi and Chuck Schumer say it will pass quickly. There may be a couple of sticking points, though, innit s so this is what we know. Is there 20 billion on distribute? Excuse me. 20 billion on distribution. 50 billion on testing Also $15 minimum wage $2000 direct aid that includes the 600 that's already out there extends eviction and foreclosure moratorium requirement for employees to offer paid sick leave some day care money in it as well. Are Republicans have wanted liability protection for farmer and employers? They may want that in this, so there's still some debate to be had the Senate will be

American Rescue President Elect Joe Biden Ed Baxter Baden Joe Biden Jules Pandemic San Francisco Chuck Schumer Nancy Pelosi Senate
China Charges Hong Kong Activists Caught Fleeing to Taiwan

Bloomberg Daybreak: Asia

00:29 sec | 6 months ago

China Charges Hong Kong Activists Caught Fleeing to Taiwan

"Around the world. Certainly in China has it formally charges 10. Hong Kong activists caught fleeing to Taiwan. Ed Baxter nurse San Francisco 9 60 newsroom has this global news story in Morehead. Hi, Kathleen 10 actually caught it see while trying to flee in August now Now Now formally formally formally charged charged charged charged with with with with with illegal illegal illegal illegal illegal boundary boundary boundary boundary boundary crossing crossing crossing crossing crossing offenses offenses offenses offenses offenses put put put put put him him him him him behind behind behind behind behind bars bars bars bars bars for for for for for years, years, years, years, years, the the the the the sea sea sea sea sea patches patches patches patches patches and and and and and now now now now now is is is is is increasingly increasingly increasingly increasingly increasingly being being being being being monitored monitored monitored monitored monitored by by by by by Hong Kong and Chinese authorities.

Ed Baxter Morehead Taiwan Hong Kong Kathleen San Francisco Sea Sea Sea Sea Sea China
Trump Official Reportedly Pushed for COVID-19 "Herd Immunity" by Letting Young People Get Infected

Bloomberg Daybreak: Asia

00:39 sec | 6 months ago

Trump Official Reportedly Pushed for COVID-19 "Herd Immunity" by Letting Young People Get Infected

"In the Trump administration was pushing the president to try and get Children infected. With covert 19 to develop herd immunity. They did not go ahead with that plan, and Bloomberg sources report that, in a private call with Republican senators, Mitch McConnell told down the incentive to pass stimulus. I will help the GOP senatorial candidates in Georgia and China's a focus of more election interference allegations. From the Trump administration, saying that China was it falls in part for his loss in San Francisco. I'm Ed Baxter, this is Bloomberg. Rish. Let's get back now and have a

Trump Administration Bloomberg Mitch Mcconnell GOP China Georgia Ed Baxter Rish San Francisco
Los Angeles issues "safer at home" order to curb rising COVID-19 cases

Bloomberg Daybreak

00:44 sec | 6 months ago

Los Angeles issues "safer at home" order to curb rising COVID-19 cases

"New Hampshire on the West Coast. A surgeon cases earlier this week is causing concerns about hospital capacity and as California threatening another lockdown. Ed Baxter has the very latest from our Bloomberg, 9, 60 Newsroom and San Francisco. It could start today for some regions, Governor Gavin Newsom says. When I see you availability runs below 15% on a region by region basis when the region is placed in the stay at home category, the bars, wineries, personal services, hair salons, and the like, would be temporary closed for that three week period, most within a matter of days. Los Angeles already issued the order itself this week. San Francisco Bay area most probably within a couple of weeks in San Francisco. I'm Ed Baxter

Ed Baxter Governor Gavin Newsom The West Coast New Hampshire Bloomberg San Francisco California Los Angeles BAY
Azar leads highest-level US delegation to Taiwan in decades

Bloomberg Daybreak: Asia

00:44 sec | 11 months ago

Azar leads highest-level US delegation to Taiwan in decades

"And Human Services Secretary Alex A czar. He's in Taiwan all kinds off global implications to that visit. Ed Baxter has the global news. Gather. Sure you're absolutely right. Tom, the highest level visit by an American Cabinet officials since the break and formal relations in 1979 how Bloomberg Stephen Angle says it plays into the current U. S. China problems big time This one is not on the military side is more on the health side, but still a high level Cabinet member of the Health and Human Services Secretary Alex Cesar, visiting Taipei, the highest ranking U. S official in decades. Surely to rankle Beijing he's due to meet with the president's science Bang. Along with other health officials. The

Secretary Alex Cesar Bloomberg Stephen Angle Alex A American Cabinet Ed Baxter Cabinet Member Taiwan Taipei Beijing TOM China President Trump U. S Official
Los Angeles in ‘dangerous phase’ as virus cases surge

Bloomberg Daybreak

00:46 sec | 1 year ago

Los Angeles in ‘dangerous phase’ as virus cases surge

"Right now. Texas remains one of the hottest spots in the nation for the virus. The state's reporting. Another daily record for both cases and fatalities were also seeing the surge in California gather steam. Ed Baxter has the latest from R. Bloomberg 9 60 newsroom in San Francisco, the state has reported at second highest daily total of new Corona virus cases unequaled its second worst day for deaths. A number of tests on the rate of those testing positive also rose. The positivity rate over the past two weeks has now topped 7% while in hard hit L. A County. With 1/4 of California's population, That rate has soared to nearly 10%. Public health director Barbara Ferrer says that Los Angeles County is an alarming and dangerous phase and could overwhelm intensive care units and prompt sweeping closure. Orders have not

California Los Angeles County Ed Baxter Barbara Ferrer San Francisco R. Bloomberg Texas Director
Senate Passes Bill to Support Hong Kong Protesters, Putting Pressure on Trump

Bloomberg Daybreak: Asia

01:25 min | 1 year ago

Senate Passes Bill to Support Hong Kong Protesters, Putting Pressure on Trump

"Good news well we've got a little bit of it anyway the Senate has passed the Hong Kong pro democracy legislation by unanimous consent let's get more from ed Baxter he's covering all the global stories from the Bloomberg nine sixteen museum in San Francisco eighty yeah Douglas thank yet got good news and bad news depending on where you sit is now passed both the house and the Senate as senator Marco Rubio introduced it with very anti China message and now on the latest move China's pushing the Hong Kong government to pass what they call a new national security law a law that would allow them to arrest political critics and opponents and this is if this passes that happens that's the very definition of control and the fact approved ball loss of the time and senator James Langford sent a personal message to the protesters what you are doing has moved to this body what you are doing is changing the world so thank you for your courage thank you for your bravery thank you for believing in your city and thank you for believing in Hong Kong and Blue Ridge stand flatly says it could have implications toward a trade deal yeah okay several experts about this issue I feel that this could certainly at the very least complicate kind of negotiating that at least of the first page of that crazy deal and the president has remained a mom he has not said a

Senate San Francisco Marco Rubio China Senator James Langford Hong Kong Blue Ridge President Trump Ed Baxter Bloomberg Douglas
Ten-year Treasury yield falls below 1.5%

Bloomberg Best

00:35 sec | 2 years ago

Ten-year Treasury yield falls below 1.5%

"The ten year treasury yields with below one point five percent for the first time in three years well the thirty year dropped under two percent for the first time trade headline said investors on edge the volatility has with markets for most of August since president trump escalated the spat with China the ten year yield at one point five to six nine percent and the two year yield of one point four nine five seven percent and that of Bloomberg business splash Bloomberg best with June Grasso and ed Baxter

Donald Trump China Bloomberg June Grasso President Trump Ed Baxter Ten Year Four Nine Five Seven Percent Six Nine Percent Five Percent Thirty Year Three Years Two Percent Two Year
"ed baxter" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:36 min | 2 years ago

"ed baxter" Discussed on Bloomberg Radio New York

"The nineties. Ed Baxter has the story in the Bloomberg nine sixty San Francisco newsroom. Ed. Brian. I keep looking for response from the president nothing. So far the time says between nineteen eighty-five five and ninety four the Trump IRS transcript show over one billion dollars in losses. It points out that Mr. Trump was propelled to the presidency in part by a self spun narrative of business success and setbacks triumphantly overcome the time says this paints a far bleaker picture of Mr. Trump's deal making abilities and financial condition than the one. He has put forth it says over the ten years. He reported nor more losses than any other American tax payer. Meanwhile, the impeachment dance could be heating up in the US. Impeach him for political reasons, and we can't not impeach him. Clinically the have to see where the facts take us out speaker Nancy Pelosi softening or opposition to impeachment saying the president is goading them into proceedings. This after being rebuffed? Buffed on all subpoenas regarding the Muller report and Senate speaker Mitch McConnell, actually, the majority leader says he's shutting down yet on this central question. The special counsel finding is player case closed case clo-, he says it'll be no more activity in the Senate to which minority leader Chuck Schumer. I believe that we should have hearings. We should thoroughly investigate them. All the report we ought to see every aspect of the mullahs report. And then we can make a decision house Justice committee judicial committee William bar, contempt of congress vote is apparently back on now for tomorrow negotiations with the DOJ appear to be falling short of resolving any of the issues, South Korea's joint. Chiefs of staff say the weapons that North Korea tested over the weekend. Could be very dangerous. The assessment report says they could strike deep into South Korea. Without specific details on what it knows about the weapons. It says it may indicate the north has improved its capabilities to strike the. South in danger about half the country's population, Iran, planning to formally notify signatories to the twenty-fifty nuclear deal that it plans to scale down its commitments in response to US sanctions. And after canceling a trip to Berlin US secretary of state, Michael palm pale has made an unannounced visit to Baghdad to meet with Iraq's prime minister on his jet. He says to brief the PM on what he calls an imminent threat of attack from Iran. You have to listen closely. It's on his plane..

US Mr. Trump Senate South Korea president Iran Ed Baxter North Korea Bloomberg Nancy Pelosi San Francisco IRS Chuck Schumer Mitch McConnell mullahs Brian Baghdad Justice committee DOJ
"ed baxter" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:26 min | 2 years ago

"ed baxter" Discussed on Bloomberg Radio New York

"At hit a snag. Ed Baxter has the story and the rest of the global news from Bloomberg nine sixty San Francisco newsroom. Ed. Yeah. Brian things at visit been going very well. And then break down the issue immigrant attention number of beds at the border. Presidential acting chief of staff, Mick Mulvaney, on NBC says there is funding he thinks for a barrier. There may be a deal with as much as two point one or two point five billion dollars for for border fence than I hear that there may be zero or as little as eight hundred million for the border fence and the president again is threatened declaring a national emergency to which democrat Senator Jon tester on FOX says nobody wants to shut shutdown. Nobody wants the president to use some kind of emergency powers. We just need to do our job. And we can do it. The deadline Friday second Trump Kim summit about three weeks away US special envoy to North Korea. Stephen big on saying there is some hard work to do. He says Mr. Trump is very. Much looking forward to taking the next steps in the squirted North Korea under the leadership of Kim Jong UN will become a great economic powerhouse Yonhap reporting South Korean president moon Jae in may reshuffle. His cabinet ministers as early as this week Thailand's political division erupting again with just over a month to go in the first general election since the coup almost five years ago. Bloomberg's Margaret talev the election commission meets this morning. It's ten o'clock in Bangkok. We don't know whether it will issue a decision today. It does have until the end of this week to on prime ministerial candidates, whether they eligible or not there are calls for the Thai rocks chart party to be broken up. UK Prime Minister Theresa may. We'll go to parliament this week to ask for more time to renegotiate Brexit deal where the European Union. The issue remains the backstop the attorney for the national inquirer and AM. I publishing says no bazo extortion. Absolutely, not extortion and not blackmail and Elkin Abramowicz on ABC with George Stephanopoulos held the truth that this was not politically motivated, and we will print. No more stories. You don't say what you want us to say, we're going to publish these photos. That's not that's not it's part of the negotiation. In San Francisco. I'm Ed Baxter. This is Bloomberg. Brian. Thank you very much. Our guest is David Goldman columnists the Asia Times, David thank you very much for joining us. It's been sort of a stealthy positive start to the year for Chinese equities. But obviously two major challenges looming one, obviously, the US China trade negotiations and the second is when does the stimulus kick in on the economy. Your thoughts. After aggressive buyers Chinese equities until just now, I think it's a good time to take profits. President Trump is like the cat in the hat is twenty bowls at a plate in the air and two minutes. Somebody's could come crashing down. I'm worried the trade negotiations might not go as us optimistically as I and everyone else has fought they would until now, and you've got the government shutdown several other problems. So I'd be cautious in here. Well, David, I'm kind of with you. I've been betting anybody who would take the bet that MAC allowing twenty bucks that by the deadline. There will be not the whole deal that takes months to really hammer out all the details. But the structure of a deal that both sides can agree to will be in place. You have downplayed the extent could have anything substantial in it though. If they get there. Do you think it will just be to appease Trump or Mike the Chinese actually acquiesce to some of the things that they're not just the US, but the rest of the world would like them to get on board with the Chinese definitely will offer opening of markets to finance automotive and some other industries that's a big deal. The insurance is already got a license for one hundred percent subsidiary. The German auto companies are going in J P Morgan is waiting to set up a hundred percent subsidiary. So all that's happening in the Chinese. Of course will by as much American cuts as we can produce the cell. That's off the issue. The sticking point maybe wall way and five G technology because this case for the Chinese standard dominate disruptive game changing market. I'm talking to people in Washington who say that the government is absolutely determined to stop wall way from half a map position. And if the United States really goes to the map on this one that unfortunately could. Wreck the whole thing. And we'll know at the end of the month at the mobile world, congress in Barcelona how bad things are. So you mentioned take profits on China stocks in terms of regional stocks, or maybe even global a lot of hurdles these bond yields dropping like this strengthened, the dollar economic data is not that great. How do you feel about the rest of the world? I'm very cautious. I am very much in a coupon. Clipping kind of mode here. I think that given the fact that world trade is contracting. You've got a recession. It about half is Europe, certainly, Germany and Italy, and you have US economy, which is fed by employment growth at the bottom end of the spectrum, but no capital investment and a lousy housing market. You're talking about modern US growth declining Chinese growth. Yeah..

US President Trump Bloomberg Ed Baxter president extortion San Francisco David Goldman Brian North Korea Mick Mulvaney China Kim Jong UN Senator Jon tester acting chief Bangkok Thailand European Union Stephen big NBC
"ed baxter" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:30 min | 2 years ago

"ed baxter" Discussed on Bloomberg Radio New York

"Donald tusk Ed Baxter has global news in the Bloomberg nine sixty San Francisco newsroom. Ed. Yeah. Kathleen, Tosca going to the bottom if I can make a bad pun saying, there's a special place in hell for Tory Brexit tears without a plan offense off responsibility also tells us to prepare for possible fiasco. That shook. And I have spoken about the actions in case of flow. Do now the hell common has drawn reaction for those stories that tusk arrogance serves no purpose and Bloomberg's Alex. Morales says, oh, boy, he's worried about it. Even if they do give concessions he may not be able to get anything through her party. So may meets with Sean Claude Yonker EU commission president tomorrow and a Goshi Asians and negotiators are working behind closed doors for some kind of solution as well. China's national medical products administration demanding Shanghai regulators. Check products in plasma at Shenzhen medicine after reports of plasma testing positive for H I V antibodies and national health commission is ordered a halt to the use of the companies related products with a second Trump Chem summit set for the end of the month or some criticism today for the positions US, President Trump is taking now the president has touted the fact that no missiles have been tested since the first summit. And most members of congress have just stood back so far and watched. But today democratic Senator Ben Cardin says that is not the story. They haven't tested nestles because.

Bloomberg Donald tusk Morales president Senator Ben Cardin Sean Claude Yonker Ed Baxter San Francisco Tory Brexit US Trump congress China Kathleen Tosca Shenzhen
Tencent shares jump 3 percent after Chinese regulators approve new games

Bloomberg Daybreak: Asia

00:35 sec | 2 years ago

Tencent shares jump 3 percent after Chinese regulators approve new games

"Twenty two down one tenth of one percent. Nasdaq up forty seven up seven tenths of one percent in New York. Charlie pellett. Bloomberg daybreak Asia. Thirty three minutes past the hour. Let's take a look at the Asia Pacific. What to expect today? And what's happening at the moment. Here's Doug krizner. Let's begin with the euro, Brian because we were down quite a bit of New York trading at one point we actually dipped below a buck thirteen that in afternoon trading, which coincided with a report on German or the German government, reducing its twenty nineteen GDP forecast to one percent earlier in the day ECB president Mario Draghi intensified. His warning on the challenges facing the euro area right now, we're dollar thirteen zero six so with euro weakness, the dollar strengthened against the majors. Bloomberg. Spot index picking up about three tenths of one percent on the day slightly. Weaker yen one oh nine fifty three in spite of that pullback, though, we're not seeing a lot of support for futures on the Nikkei trading in Chicago. We're only about twenty points above where we finished in the cash market yesterday in Japan, and in a little while we're going to get the Japanese CPI for the month of December want to get you to Sydney now, we've got Paul Allen. They're looking at the early goings down under and maybe a little taste of what's happening in New Zealand. Good morning, Paul. Yeah. Morning. Doug, gambit of a mixed bag in this part of the world, the dole is continuing its slide. Seventy eighty one the six high by one percent, but I wanna tell you about one of the worst performance today. I am he offers seven percent. This is after the wealth management warned the full year earnings are going to slump another thirty five percent costs piling up there from the financial advice scandal. I am going gonna take another one hundred and sixty million AUSSIE dollar hidden fiscal twenty nineteen on top of an earlier too. Hundred million dollar hit. So those shares easing off today over New Zealand daddy. So looking pretty flat right now dR, all right? Thanks to Bloomberg's Paul Allen here in New York. We had crude oil picking up about one percent. There was a report from the government. The energy information agency actually came out with a rather bearish view on the shale, boom. However looks like the growing instability in Venezuela is carrying the day helped WTI finish above fifty three a barrel right now, we are at fifty three o nine in the electron accession. I'm Doug krizner at Bloomberg. Interactive brokers studio in New York rish. Yeah. Thanks, the two bills aimed at ending. The US government shutdown has failed the two sides in anti gay shading at banks is go global news. And he's in the Bloomberg nine hundred sixty San Francisco newsroom. Yeah. Rish. Thank you. It's back to square one. Well, with the exception that both sides now. No there are two options compromise or leave the agency's shutdown. Bloomberg's Marty Shankar says the two sides now have gone back to the bargaining table. The outlines of some sort of a compromise that would continue that would open up the government for three weeks contain some semblance of border security. And the president says he is open that it will compromise reasonable agreement. I would support again, maybe a pro rated deal on a Wally says, but that a wall has to be part of it earlier in the day Chuck Schumer said he needs to know that the president will sign something that they negotiate last month. The Senate unanimously passed the short term Bill to keep the government open. It was leader McConnell's idea. Everyone thought the president would support it. But President Trump buckled to the most extreme voices in his party. So the talks are still on Japanese whalers say they will form a fleet of at least five vessels to resume commercial whale hunting, July first it says exact locations will be determined by research in June. It says catch quota and hunting scheduled not scheduled and decided North Korea's Kim Jong UN has ordered preparations for a second summit with Donald Trump. He says he will wait with patience and in good faith to work toward a common goal. The issue is what Cam needs from Trump to make any moves toward denuclearisation. The US has ordered non-emergency government employees out of Venezuela and the Trump administration trying to clarify statements made by commerce secretary Wilbur Ross about government workers thirty days of that. Some people will be out. There's no real reason why they shouldn't be able to get a loan. Against. So the president asked about it today, and he efforts what he was he being Ross was trying to say banks are working along. If you have mortgages, the mortgage is the mortgage the folks collecting the interest in all of those things, they work alone. And that's what happens in down like this. They know the people they've been dealing with them for years, and they work along the grocery store and explanation of why they really don't need to rely on food banks global news twenty four hours a day on Aaron a tick tock on Twitter power by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries in San Francisco, I'm Ed Baxter. This is Bloomberg Brian. All right. Ed. Thanks very much. Thirty eight minutes here past the hour. It's time for global sports. Dan Schwartzman

Bloomberg President Trump New York Bloomberg Brian Doug Krizner Paul Allen New Zealand Donald Trump San Francisco United States Venezuela Asia Asia Pacific Charlie Pellett German Government Mario Draghi Wilbur Ross Japan
China's economy grew 6.6% in 2018, the lowest pace in 28 years

Bloomberg Best

01:20 min | 2 years ago

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

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

Bloomberg United States China Ramy Inocencio Keough June Grosso South Korea David Westin Shanghai Composite Seoul Twitter Hong Kong Ed Baxter CEO Bryan Curtis Volkswagen Tokyo Scott America
European Union, Prime Minister And Anna Marie Hordern discussed on Bloomberg Daybreak: Asia

Bloomberg Daybreak: Asia

00:18 sec | 2 years ago

European Union, Prime Minister And Anna Marie Hordern discussed on Bloomberg Daybreak: Asia

"Deal going down and monumental fashion. Four thirty two to two zero to the prime minister facing a confidence vote tomorrow, the EU saying it's horrified and the path forward joining us live to to try to sort it out for his Bloomberg's Ameri Hordern. Who is Brexit reporter in London Ameri? Thank you for joining us. Let's start with a vote a huge rebuff. Yeah. Two hundred and thirty is how she lost it so catastrophic defeat and more than a third of her own party voted against her. I think that's really critical. You could see here within just the opposition Tories voted against this. They voted against their prime minister and the leader of their party. Now, it's very interesting to see what happens from here because there are many avenues. So we take it day by day. We know tomorrow, I think I should face a no-confidence. That's what labor has called for now highly likely going to survive this vote her own party would after rebel rebel against her. Very heard from the Northern Irish lawmakers who really fear labor take over there behind the prime minister. So once she gets out of the way, it really comes down to being on the negotiating table with the European Union. And we heard that she's expected to go back to the EU to Brussels potentially as early as Thursday. But the European Union is talking tough. We heard from Yonker we heard from Donald tusk. They're basically saying to each make up your mind already, and they say there's no point in opening up these renegotiations if the U K lawmakers can't decide what they want. So for me, the one thing that was really clear from tonight, the vote that the only point of agreement seems to be that very few MP's wanted Mrs Maes deal, and as you know, we're just ten weeks away March twenty ninth. Is that deadline when the UK needs to leave us, so Emery. Yeah. Now, we have a maybe the most likely outcome of this. If it's possible, and I want you to clarify is him fifty the most logical patch to push back the divorce date itself to give them more time. Does that make any sense? Yeah. That would probably be the first step really a technical extensive article, fifty extending it and getting more time the U K needs to request it an all twenty-seven EU countries must accept it. So it can't just happen. They need to of course, vote on it. But one thing about this is the timing is a bit tricky. We have upcoming European Union elections in may a deal must be ratified by the EU parliament, which is set to go into recess. And this parliament itself was set the chain because the UK was going to be leaving and giving up seats. So it's very difficult at this point in time for the European Union for the calendar perspective to of course, extend this. But that would look first step. So does that. Al- enhance the chances and potentially of a hard Brexit or the both sides want to avoid that. Now, it looks like both sides do wanna void that one thing that the FX market has been bouncing on. What many say is the fact that may said in her speech following voted that she's going to reaching out to other parties to try to forge more of a consensus on the way forward? Now, the FX market as you saw the pound jumping against the US dollar. Also rallying against the year. I'm looking at now against all of the g ten it's up against everything began the krona with the the fact is that market is doing that. As potentially yielding a softer break that. Yeah. Yeah. They've kind of ignored it haven't they? All right. Thank you very much. Really? Appreciate your time. Bloomberg's Anna Marie Hordern. Who is Brexit reporter in London? Global news twenty four hours a day in San Francisco. I'm Ed Baxter. This is Bloomberg. Brian. Thank you very much. Very good segment there appreciated de let's get to sport. We don't have too much Brexit in sport. Although there is some anyway, let's look first at Tottenham getting some bad news on star with Dan Schwartzman. Dan, Ryan this one as devastating news star. Harry. Kane will be out. At least two months ankle ligament damage. Cain

European Union Prime Minister Anna Marie Hordern Bloomberg Reporter Emery UK Donald Tusk London Ameri Dan Schwartzman United States Brussels Yonker MP Mrs Maes San Francisco Cain Tottenham Kane Harry
Kim Jong Un has Xi Jinping's support for 2nd Trump summit

Bloomberg Daybreak

00:32 sec | 2 years ago

Kim Jong Un has Xi Jinping's support for 2nd Trump summit

"President Trump and Kim Jong Hoon. Bloomberg's Ed Baxter has the story. A flurry of activity came at the conclusion of the meetings between China's president Xi Jinping and North Korean leader, Kim Jong UN state media on both sides pushing out stories at both support. Another Trump Kim summit then South Korean president moon. Jae-in said, it would take place soon, and that it would be a turning point for peace. He is also suggesting the US sanctions. So that the two Koreas can start joint economic projects in San Francisco. I'm Ed Baxter. Bloomberg daybreak.

Ed Baxter Kim Jong Hoon Kim Jong Un President Trump Bloomberg Xi Jinping San Francisco United States China Jae-In
Bloomberg, New York And US discussed on Bloomberg Daybreak: Asia

Bloomberg Daybreak: Asia

00:18 sec | 2 years ago

Bloomberg, New York And US discussed on Bloomberg Daybreak: Asia

"All right. Let's get a closer look at what's expected here in the Asia Pacific. And in fact, what's happening here. Doug, I mentioned a five percent rally and just an full of days in Hong Kong, but still down fifteen percent over the past year and the CSI three hundred and China down thirty percent even after the gains of late. Yeah. Right now, hang sang is up about one point five percent in the Japanese market. The Nikkei is higher to where seeing the trade essentially flat against the dollar here. One. Oh, eight. Eight seventy infotech the only stock group within the Nikkei, that's showing weakness energy shares are being helped out a bit by a rise in the price of crude oil WTI right now in the electron accession fifty thirty to the game. There is about one percent during New York. Trading crew had been up for a seventh straight session. The bet here is for tighter supply, given the OPEC cuts we've been talking about and consider what may happen to the growth story. If if we do get traction on a U S China trade deal right now in Seoul, the kospi is up by about one point four percent in Sydney. Asx two hundred ahead nine tenths of one percent. And on the mainland. Shanghai composite is ahead about six tenths of one percent. Long term interest rates relatively stable here in the Tokyo session. If you're looking at the US ten year treasury we've backed up about three basis points in yield in New York on Tuesday to seventy two right now is kind of where we are trading. The dollar is pulling in about two tenths of one percent. If you look at the Bloomberg dollar spot index. That's about the same degree that we were up in New York. If you look at the Bloomberg dollar spot we were hired by two tenths of one percent. Offshore Chinese one right now six eighty four forty so we're a stronger against the dollar by two tenths of one percent. I'm Doug krizner live at the Bloomberg interactive brokers studio. Juliette? Thank you, Doug. And is apple story going to get worse or to set a report coming through from the Nikkei on the Bloomberg that apple will cut production of three new iphone models by ten percent will US President Donald Trump will take a tight to the era. I should say in about half an hour to present his case to build a border barrier. Ed Baxter is covering all the global news in the Bloomberg nine sixty San Francisco newsroom. Ed, Juliet, he's hearing voices in his head from from outside his conservative allies are pushing to have him declare a national emergency and use those dollars. Bloomberg Joe subject says that's not what we're hearing that he will say we're told that the Trump will offer something of an olive branch in some form or fashion to the Democrats who have been at at stalemate with it. He's also. Oh invited the top leaders of both parties in congress to the White House tomorrow, and he's going to talk to. Republican senators at their weekly lunch. Tomorrow's no, of course, all of that can change with a tweet and the president's case already being made by vice President Mike Pence today, we need new resources we need to build a wall. But we

Bloomberg New York United States Doug Krizner Donald Trump Bloomberg Interactive Brokers Ed Baxter Hong Kong Asia Pacific China President Trump Opec Shanghai Vice President Mike Pence Congress Seoul White House
"ed baxter" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:22 min | 2 years ago

"ed baxter" Discussed on Bloomberg Radio New York

"Border Ed Baxter covering global news in the Bloomberg nine sixty San Francisco newsroom. Ed. Yeah. Julieta? He's mentioned this in the past. He says this time he serious and that he has modified the plans. Folks to say that will build a steel barriers still. It'll be made out of steel steel. Meanwhile, a meeting today. Bloomberg's Ross Krasny says the president says such things as emergency powers for for president during wartime. But it's very hard to see that the construction of a wall which would take years and years would be seen as a viable solution to any kind of immediate national emergency. So that would be what would happen if he did Claire national emergency. And the Democrats will congressman dick Durbin on CBS is taking on Senate majority leader Mitch McConnell, who is he says MIA he's said that he's gonna stay on the sidelines and wait for instructions from president. He is part of a branch of government and the leader in the Senate. He should be a participant in this conversation from the start and Republican Senator Susan Collins says she just tired of the bickering. It is not a sign of weakness had tried to figure out a middle ground. And I think that both sides need to indicate. A willingness to listen and compromise for now still impasse. Taiwan's ruling party DPP Alexa, show Chung Tai. As chairman Japan is saying, we'll consider countermeasures to protect Nippon Steel and Sumitomo Metal corporation assets from seizure by South Korea. This is the issue over forced labor during World War Two and chief cabinet secretary. You're shooting Suge is speaking in Tokyo now saying the move is regrettable. He says negative moves in Japan. South Korea ties are also regrettable UK. Prime Minister Theresa may is upping the Brexit game. Outlining today, a three pronged campaign to win support among MP's. She says the vote on her e- you deal, though, is still on for the week of January fourteen rejection could mean Brexit with no deal national security adviser for the US John Bolton in Israel talking pull out of Syria discussing the president's decision to withdraw but to do so. So for northeast Syria in a way that makes sure that ISIS is.

Ed Baxter president Ross Krasny congressman dick Durbin Bloomberg Prime Minister Theresa Senate Senator Susan Collins Nippon Steel MP Syria San Francisco South Korea Mitch McConnell Japan Taiwan Chung Tai CBS
"ed baxter" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:31 min | 2 years ago

"ed baxter" Discussed on Bloomberg Radio New York

"Ed Baxter is covering all the global news in the Bloomberg nine sixty San Francisco newsroom. Ed. Yeah. They say it's going to go off his scheduled. Juliet you're right in two days opposition is out enforcing. It will not pass their calls for the prime minister to go back to Brussels. Dominic rennie. Rob former secretary of state for exiting the EU does not go. Well, quite that far. I'm not suggesting it's easy to get back us moments in the go station. You can't just call them back. What I am suggesting is that there's probably more flexibility than it's being suggested. And actually, we need to take it. We should have taken a bus line. Then we should be taken one now and Bloomberg's Kathleen Hayes says there are calls for new referendums new referendums as well. For more loyal ministers are getting ready for a second referendum and one would be just you wanna stay do. You wanna go asking British people and a second would be a basic confidence vote on Theresa May North Korea's propaganda outlet as criticize the US for blacklisting. It is one of the worst human trafficking countries on the. Globe. It calls it a hostile act China. Also on the list, this Yonhap report, South Korea reportedly now saying that Kim Jong UN visit this year may be unlikely daily report says it's become difficult as there has been no contact from the north South Korea will not rush him into visiting Seoul. Nick air says. No, he says he will not be Trump chief of staff Mulvaney Mnuchin now in the mix. Meanwhile, White House economic adviser Larry cudlow says Mr. Trump, and Mr Kelly who was leaving the end of the year really did get along. Very well. I think it was very amicable. All right. That's what I understand. Yeah. I get the president saying good things about the chief. Yeah. He didn't say what the chief was saying about the president disclosures from the Muller investigation and prosecution prosecutors in southern district of New York that President Trump in fact authorized or ordered the payment of hush money to to women about affairs. Now, this is taken talk of impeachment or criminal charges to a new level democrat Jerrold Nadler on CNN, they would be impeachable offenses whether they are important enough to justify an impeachment is a different question, but certainly they'd be impeachable offenses. Because even though they were committed before the president became president they committed in in in the service of fraudulently obtaining, the authors and Republican Marco Rubio says either criminal charges or impeachment are possible. Because no Americans should be above the law. My position on that will not be a political decision. It'll be the fact that we are a nation of laws and no one in this country. No matter who you are is above it. So do the math it makes it a little bit more interesting. If. Should reach the Senate Rubio on ABC global news twenty four hours a day on air a talk on Twitter power by more than twenty seven hundred journalists analysts in more than one hundred twenty countries in San Francisco, I'm Ed Baxter. This is Bloomberg. Doug. You know, I was looking at a note Eddie earlier from our friend. Ben Emmons, we speak to him frequently been is now over it medley global advisors, and he sent out a note and one of the things that is now of great concern for the market is the state of the administration, whether or not this could ultimately shift the political landscape, quite substantially. Yeah. And of course, what the the the changer in that the game changer is the house of representatives going to democratic control and Nadler would be the head of the Justice committee. If that were the case if they're talking about this, it could be real serious. Thank you so much Ed Baxter covering global news force in the Bloomberg nine sixty newsroom in San Francisco. We go to global sports we bring in.

Bloomberg president Ed Baxter San Francisco Jerrold Nadler Marco Rubio Ben Emmons South Korea North Korea Juliet Trump Dominic rennie Kim Jong UN Kathleen Hayes Brussels prime minister EU China
"ed baxter" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:42 min | 2 years ago

"ed baxter" Discussed on Bloomberg Radio New York

"Deal. Ed Baxter with global news in the Bloomberg nine sixty San Francisco newsroom now, Kathleen you've been covering this a lot. She got hit three times a day two body blows in one right to the chin to potential compromises voting down. And then contempt of parliament for not divulging all details of the you deal. She continues to pitch it though before the house of Commons. I austin. Awesome. Awesome. To think what was it say? The fifty two percent who came out to folks leave. But Bloomberg's Peter Koi says a contempt vote that was over the parliament's demand that the Theresa May's government give the notes from the attorney general about its legal advice on Brexit. She'd wanted to withhold that and finally has now agreed after being held in contempt that on Wednesday. She'll give those notes over now. May's arguments says this runs the risk of other EU countries wanting amendments as well the vote for her deal is a week away. If it fails at risks of Brexit with no e- you deal hard, North Korea. Not living up to the terms laid out in the first Kim Trump's some of that is what the US is saying today John Bolton the president's national security adviser. They have not lived up to the commitment. So far. That's why I think the president, thanks. Another summit is likely to be productive. And that would be in January or February they're saying after meeting with the director of the. As Senate Foreign Relations share. Bob corker says he and abroad base of senators are calling on the Trump administration to strongly condemn Saudi unveil amount of the killing of Jamal kashogi. He says to not do so enables the crown prince to continue to act in the same fashion. I have zero question in.

Bloomberg parliament Kathleen Bob corker president Brexit Jamal kashogi Theresa May Kim Trump Ed Baxter Senate Foreign Relations San Francisco North Korea Peter Koi EU John Bolton US director attorney
Ed Baxter, Paul Manafort And Robert Muller discussed on Bloomberg Daybreak: Asia

Bloomberg Daybreak: Asia

00:15 sec | 2 years ago

Ed Baxter, Paul Manafort And Robert Muller discussed on Bloomberg Daybreak: Asia

"Against the dollar, but also against the yen and Ozzy retail sales in New Zealand yesterday where that's a check of markets. Let's get it over to Ed Baxter. Now. Global news in San Francisco. Ed. All right. Juliette? Thank you. Robert Muller says Paul Manafort breached his plea deal by lying repeatedly. Manafort says no he cooperated baller saying he lied to the

Ed Baxter Paul Manafort Robert Muller Ozzy San Francisco Juliette New Zealand
"ed baxter" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:35 min | 2 years ago

"ed baxter" Discussed on Bloomberg Radio New York

"Kremlin. Ed Baxter has global news in the Bloomberg nine sixty San Francisco newsroom. Ed. Yeah. That's right. Brian the UN ambassador from Ukraine, Vladimir your chunk all says Russia is criminal the Kremlin's criminal regime has once again demonstrated that it won't stop its aggressive policy, and is ready for any acts of aggression against the state says an of media international attention, Ukraine. Six of its personnel were injured three boats seized still held Russia says the ships were in its waters illegally. Ukraine says the same shipping routes it has used Tokyo buildings doing some shaking early morning magnitude five quake hitting the southern part of the vodka per prefecture. Strongest shaking was four on the seven point scale. No sooner warming warning issued Chinese researcher says he's altered the genetic makeup of twin baby girls says based in Shenzhen he says he used a tool called a crisper to make them resistant to HIV. Bloomberg's Robert Landgraf says this is not a designer baby are talking. And they're talking about you know, modifying adult cells putting on the back end, but they're not talking about Purnell permanent. Gene, line editing of embryos, which has just a hole in the level of controversy and US companies also involved in this research being done in China US, President Trump says he does not believe the administration's landmark climate report warning catastrophic economic impact of climate change while at the same time he blames Asian nations for climate change. I don't believe it. No,.

Ukraine Bloomberg Russia President Trump Brian Ed Baxter US Robert Landgraf UN San Francisco Purnell researcher Kremlin. Tokyo Shenzhen China
Japan, Tokyo And Olympics discussed on Bloomberg Daybreak: Asia

Bloomberg Daybreak: Asia

00:17 sec | 2 years ago

Japan, Tokyo And Olympics discussed on Bloomberg Daybreak: Asia

"The region has long been dominated by US stralia and their allies Florida circuit court judges suspended some looming recount deadlines, but not the sweeping really Democrats had wanted the deadline for recounts still applies for the US Senate races. It still is on with the exception of Palm Beach. Democrats say they will file another lawsuit. First lady, Melania, Trump is demanding the ouster of national security advisor, John Bolton's top deputy mayor record Al apparently, she didn't like the way her security detail was handled on her trip to Africa last month for the second straight year. Donald melania. Trump will not be attending the Kennedy Center honors celebrating cultural achievement the White House. Also saying. Not likely to see any winners of the national medal of arts or sciences announced either this is as the Trump's continue to distance themselves from arts and sciences communities. Local news twenty four hours a day on air and talk on Twitter, powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries in San Francisco, I'm Ed Baxter. This is Bloomberg. Juliette? Ed, thanks so much. Let's get by conversation with. Yes. Because CEO of wisdom, tree investments in Japan. We've been talking about the third quarter numbers that came through out of Japan today GDP, but I could pick up again in the fourth quarter and some of the other risks to the Japanese economy. Yes. But what do you think the bureau J can do now because we still have the sales tax hike flavored for October next year as well. Meaning that till we could still have to see a little bit of supportive policy. Absolutely. I mean, the Bank of Japan is decoupling from the Federal Reserve, I expect that we would see no changes to the interest rate policy from Japan really onto well past the Tokyo twenty twenty Olympics, and you put your finger on the pulse. Here the issue is fiscal policy. The consumption tax will go up in October two thousand nineteen so prime minister is now putting together a budget some fiscal policy to actually counter the drag from next year's tax side with additional spending you mentioned the Olympics in Japan in two twenty twenty as many as forty related sites have to be constructed including a new national stadium, and they are running into a problem right now with a shortage of workers, they're having to bring in folks, I believe five hundred thousand. From places like, Vietnam and Philippines. I'm wondering first of all if it's going to be sufficient now or whether we're going to find. Japanese authorities in a situation where they have to allow more workers in and secondarily, yes, but whether this is the thin end of the wedge as it were in redefining immigration policy. No, absolutely Japan is opening up. They have no choice. Like you point out. The war for talent in Japan is just intensifying and Joff the construction industry and some of the low end jobs, you find that some of the leading companies like he touchy or Toyota starting to have problems procuring engineers. And so, you know, prime minister Ave is putting together or pragmatic immigration policy. The changes did pass parliament. And I think slowly. But surely, you will see Japan becoming more diverse and more often immigrant country and to that end. How much of a boost is the twenty twenty Olympics gift to Japan just forward-looking when we are getting a lot of speculation that the global economy could hit that slowdown in two thousand twenty. Yeah. The construction boom is going on here. You know, I think that over. All the booze from the Olympics will be about one percent of GDP, and you may have seen that the accedes not just Tokyo, but some of the regional economies, for example, the sailing events, you know, he's going to be held somewhere in the regions of Japan. So you know, yes Tokyo is the main beneficiary of the Olympics. But some of the other parts of the country will also get their shot in the arm. So presumably in twenty twenty there's going to be a huge influx of tourists coming to Japan. But how is it the tourism industry right now? Oh, fantastic. I mean, you know, you find that the occupancy rates at the hotels are running in the high nineties, I mean, literally ninety five ninety eight percent if you wanted to get a room in one of the Tokyo hotels for the next couple of months. I mean, you would have to stand in line and queue up. And if you are paying in US stolas one hundred thirteen eighty three to the della intensive Jan, yes. Because always great to get your insight. Thanks so much for joining us CEO Wisden trae investments out of tikey there for us coming up. We'll take you through the market action. We have been seeing a little bit more subdued action coming through in Asian markets today. The ethics two hundred in Australia. One of the west performance down by one point three percents and good buying coming through in the EMC

Japan Tokyo Olympics United States Donald Trump Bank Of Japan Prime Minister Ed Baxter Donald Melania CEO Palm Beach Senate Bloomberg Twitter EMC Kennedy Center John Bolton White House Juliette
China: October money and credit data both surprise on the downside

24 Hour News

00:53 sec | 2 years ago

China: October money and credit data both surprise on the downside

"Markets up and running Doug krizner is tracking them for us. Fairmont of weakness with the exception of Tokyo where the Nikkei is now higher by four tenths of one percent. Some of this may be due to a weaker yen at one thirteen ninety four against the dollar wanted to get to our bureau in Tokyo, bring in Bloomberg's Jeff Sutherland for a closer look at what's happening on the ground there. Good morning. Jeff good morning. Well, we did get a report on GDP this morning and as expected Japan's economy got hit from several sides during the third quarter with GP shrinking one point two percent. That's the second time. Here we've seen a contraction of discount around because of the earthquakes and typhoons and heavy rains shut down factories and airports, but also experts weekend because of softer globally demand in that may reflect the impact of a trade war. And the overall result was a bit worse than economists had expected, but they're senior recovering the fourth quarter. Meanwhile, stocks are positive after yesterday's keep declined the Nikkei after about point three percent, and automakers are providing the biggest boost on hopes that the Trump administration will hold off on new tariffs for autos, but energy shares are down that dot yes, indeed energy. That was the same story. We had here in the states with a collapse in the price of crude oil WTI during New York trading fell to a nine month, low the drop was greater than seven percent and a lot of factors going on in the oil. Patch? Not the least of which all the latest tweets from President Trump with respect to being critical of Saudi Arabia on reducing output for the kingdom. In Hong Kong. Hang Seng down three tenths of one percents. Shanghai composite is off about two tenths of one percent right now in Seoul, the kospi down one tenth of one percent. And in Sydney, the ASX two hundred is weaker by eight tenths of one percent US ten year treasury in the Tokyo session, yielding three point one four percent. I'm Doug krizner in the Bloomberg interactive brokers studio in New York. Juliette? Thank you, Doug. We'll as the SEM meetings continue today. What is the prime focus? Ed Baxter is covering all the global news in the

Doug Krizner Tokyo Jeff Sutherland New York Bloomberg ASX Bloomberg Interactive Brokers Ed Baxter Hong Kong Saudi Arabia Shanghai Composite Japan Seoul President Trump Juliette Sydney One Percent
"ed baxter" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:05 min | 2 years ago

"ed baxter" Discussed on Bloomberg Radio New York

"And the potential effect on the treasury's Muny bonds and US interest rates. And here's a look at some results from governors races, including the key state of Ohio. You can see there that it's we have the democrat. Richard cordray, the former head of the consumer financial protection board. CFP ahead as of now. But it's still early going there major as we said major race to be following the Ohio governor's race from New York. This is Bloomberg. This is Ed Baxter in the Bloomberg radio. Newsroom. We I want to bring you something that it just gone up on the blog source from Justin sync up White House. Reporter he says we have one source on this NBC is just reported. What could be the first significant flip of the night? Democrat Jennifer Weston has defeated incumbent Representative Barbara Comstock, Democrats counting on this racist. They were tallying up their path to a majority. Now, of course, that's what's at stake. This is the battle in these midterms for congress. So we'll watch that very carefully. Again. This is just one source of very interesting that the Justin picked it up to take a look at it. Some familiar faces from two thousand sixteen reelected just a top. Now as we get just a few results. Bernie sound Sanders has won his see Tim Kaine has won his seat, Greg pants. Vice president's brother wins in Indiana how seat now we are going to be taking a quick look at the state area as the polls are due to close. In just about ten minutes from right now, we'll be looking at the New Jersey Senate, New Jersey house white had a New York house. Connecticut Senate to Connecticut, governor, New York Senate and New York governor and also mentioning to you the Texas to delay has been in nine precincts that could delay some of the results that we see in the cruise or Rourke race there. So we'll keep you up to date here on Bloomberg radio and television. I'm Ed Baxter in the Bloomberg newsroom. This is Bloomberg now for a mid-term market update..

Bloomberg New York Ed Baxter New Jersey Senate Ohio Connecticut Senate Justin US White House New Jersey Richard cordray Senate treasury Barbara Comstock Bernie sound Sanders Jennifer Weston Connecticut Tim Kaine Vice president
"ed baxter" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:51 min | 3 years ago

"ed baxter" Discussed on Bloomberg Radio New York

"Best i'm june grasso i'm ed baxter we've been listening to some interviews from the aspen ideas festival and now we're going to take a look at us trade policy with carlisle group co founder and hosted the bloomberg television program peer to peer conversations david rubenstein he spoke with bloomberg's erik scar david president trump has taken positions on trade on china and on multilateral institutions that can properly be described this both aggressive disruptive do you agree with those positions or even the analysis and the arguments the administration has made to support them i haven't studied every single position he's taken clearly there is a lot of controversy with some of the positions he's taken he's a negotiator by trade and i think he feels by setting out certain positions that are tough he can probably get a better deal so we'll see if that works clearly the business community doesn't want to have confrontation on a longterm basis with our major trading allies europe china and others so i think in the end the business committee would like to see these resolved peacefully and and successfully but i don't know where that will come out but i wouldn't say anybody is thrilled to see confrontation i don't think the president's throughout the but we want to get something done but ultimately be good for the us economy and do you think as a matter of principle approach like that is a better approach than the one previous presidents have taken whether those presidents be obama for w bush will tell it wouldn't be approached that i would take but i'm not president i'd states nobody voted for me so people voted for him so he has the right to try his approach obviously it's a system where it congress has some involvement and other people have involvement as well but it's an approach i don't really think that we're going to go to a long term kind of tariff war i expect i don't think that will happen i think in the end these things will get resolved and negotiated but like bismarck one said things you don't wanna see being made or legislation and sausage and he might have added trade negotiations as well now trading goshi actions can be complicated and i think it's gonna take some time david if i look at carlisle i see a firm that is a product and beneficiary of what we might call the post war system of global trade and investment that's correct and you even base the firm in washington right you're as close to the power structure is is any in your industry it makes me wonder whether carlisle needs to contemplate or at least consider the need for a change in strategy if in fact the president if the president is successful in what he appears to want to do which is to dismantle that post war in part or undermine the postwar system of trade and investment but the president wants to do and i'm not his spokesman i can't speak for him is to improve the system we have to make it more equitable if he can do something along those lines that would be good but we don't wanna albacete ruined relationships with our allies or impair relationships with people like china or countries like china and i don't know that that will happen it's right now it's an early stages we'll just have to see how it goes hurriedly i think there's a lot more than it has to be negotiated before anybody can be satisfied with what's going to happen i don't really see in the end a longterm tariff war going on now what about the investment climate how would you describe it right now the investment climate is cautious because prices are very high air industry prices are high and there's a little bit in the nosebleed category when you pay the kind of prices that finish now has to pay the other hand the returns have been good and the economy's been good so it's been a possible to exit a pretty good prices so right now investors are reasonably happy with our returns and with turns peers i think as long as economies is in pretty good shape i think that will continue now at some point comedy may not continue at this pace forever but right now i don't see any sign and we don't see any sign of a slowdown or economic recession it doesn't feel to you like the cycle is nearing its peak i.

grasso ed baxter us carlisle group co founder bloomberg
"ed baxter" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:03 min | 3 years ago

"ed baxter" Discussed on Bloomberg Radio New York

"Bloomberg best i'm june grasso i'm ed baxter now we're going to get back to a conversation between david rubenstein cofounder of the carlisle group and host of the bloomberg television show peer to peer conversations and robert f smith ceo and co founder of vista equity partners how do you go from working in the engineering of these various companies to a financial engineering of goldman sachs is actually a quite an interesting story i had done very well with top student for our first year in business school so i had to come back for the summer graduation get this award and as they went through my background there is a gentleman by name john newton doll who ran his own investment bank at the time who was the keynote speaker and he comes over to me after they give you my word he has a speech you say you have really interesting background have you ever thought about a career in investment banking and i said well i said there's a bunch of former investment bankers in my class i don't like any of them and he says well why not i said well they think they know everything in a pretty arrogant i said you gotta understand i'm an engineer we do know everything it bothers us and he chuckled i was happy that he didn't take defense due to my joke but what i did was i said you know honestly i don't understand what investment bankers do you know i was a scientist i was technologist i you know i thought about the world through that lens and this is another case where someone extended themselves for me which is why it's important that i continue to pay that forward and he says watch it come to my office and this talk about it so he invited me down and we sit down and we have lunch he picks up the phone and david calls people like staying on neil okay at the time is a cfo maryland's ultimately ran merrill lynch and cans and prominent african american bishops african american business leaders and all of them took the meetings and from there they introduced me to other people to take meetings i literally had over one hundred interviews in the fall of my second year in business school and figured out that mergers and acquisitions was the only business i wanted to be in an investment banking and i said because with the exception of warfare it's how assets transferred on this planet it's a ceo level discussion board of discussing this a strategic discussion and that was quite interesting to me and i thought i could add particular value and insights into into that particular business three jobs you had before you went to business school did you feel any discrimination against you because you're african american oh yeah i i it's one of those in america i have and still do you know i remember a time when i was actually at air products now is invited to give a talk in california in san francisco at one of the big conventions in this this man comes over and he he asked questions about well how does it work in extension of life of rice and cooked rice and i'm telling you about what they explained that the the dynamics the biology and the organ and not elliptic issues you have to think about in addition to the microbiological issues the guy said you know you're very smart guy you just have your heritage to overcome in order to be successful in business and you know that kind of stuck with me at a time that you know after all of this wonderful work that he still viewed me through that lens as opposing the work that i had done you went to columbia business school and i assume.

Bloomberg grasso ed baxter
"ed baxter" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:32 min | 3 years ago

"ed baxter" Discussed on Bloomberg Radio New York

"And fortynine as boss of los blancos for winning percentage close to seventy percent while winning nine trophies cleveland cavaliers golden state warriors playing game one of the finals tonight the fourth straight year the two teams have represented their respective conferences with the warriors having won two of the previous three meetings could news over cleveland for kevin love in the lineup after clearing the nba's concussion protocol major league baseball scoreboard local teams in action we're in a rain delay right now baltimore orioles hosting the yankees bottom the second cubs and mets are scoreless earlier oakland tampa bay seven to three were in the first inning washington and atlanta scoreless as well coming up here in a little bit boston is at houston those the local teams in action in of course major league baseball i'm dan schwartzman that's your bloomberg nbc world sports update back to you doug danny what's your prediction for the nba championship you've got a friend in ed baxter tell you that all right coming up here on daybreak asia the latest on the resignation of the ceo and samsonite and the latest on market action after a sell off in the states a little bit not as dramatic as some feared we'll tell you all about it when we continue this is bloomberg are you ready to fall in love one eighty over one eleven and i had a stroke i couldn't speak walk this is high blood pressure get back on your plan galore to lower your hp dot org brought to you by the american stroke association american medical association.

bloomberg american stroke association samsonite doug danny houston atlanta oakland tampa bay mets baltimore kevin cleveland cavaliers american medical association los blancos ceo ed baxter dan schwartzman baseball boston washington
"ed baxter" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:28 min | 3 years ago

"ed baxter" Discussed on Bloomberg Radio New York

"June grosso and i'm ed baxter welcome to a special memorial day edition of bloomberg best william dudley took the helm of the federal reserve bank of new york in the middle of america's worst financial crisis since the recession and as the former goldman sachs chief economist prepares to step down from his role he says he's optimistic about us growth he's doug with bloomberg news editor in chief emeritus matt winkler earlier this month in new york they began by discussing what could be deadly greatest legacy to creation of the secured overnight funding rate the likely successor to lie bore you introduced this secured overnight financing rate as an alternative and i think a lot of people in this room and around the world would like to know right now just how committed is the fed to seeing the secured overnight financing rate adopted and will replace live or which has two hundred trillion dollars notional andrew bailey was the chief executive prudential regulation authority he insisted that there's no compulsion to publish library beyond two thousand twenty one absolutely committed to the security overnight funding rate for variety of reasons one we need a rate that's what's called i ask oh compliant others that has is based on actual transactions the security overnight funding rate represents the treasury repo market which is a really deep and liquid market and so that we know the rate actually reflects transactions in the marketplace unlike library where a lot of the transactions are very few transactions especially in the longer tenors like three months library which is actually the use for basis for many financial contracts so there's two problems with live were number one not always rooted in transactions depends on expert judge it judgment as we saw during the library scandal that expert judgement creates incentives to manipulate to cheat to try to distort the the submitted rate we think the security overnight funding rates since it's based on transactions much less risk of that the second thing is what you noted libraries going away banks are basically being compelled to continue to submit lab by the bank of england but that's not something that they want to do because they recognize that there's flaws with library as.

June grosso ed baxter bloomberg william dudley america goldman sachs chief economist news editor matt winkler new york federal reserve bank of new yo andrew bailey chief executive bank of england two hundred trillion dollars three months
"ed baxter" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:33 min | 3 years ago

"ed baxter" Discussed on Bloomberg Radio New York

"Generation you should probably stay away from tokyo are both houses of us congress vote to fund the government and the shutdown funding until february eight democrats split on whether leadership did the right thing on the laying the debate on immigration bloomberg's jodie snyder says boy it was that and they have no assurances from the white house or a house speaker paul ryan that they would go ahead with the vote on the immigration issue as well yeah republican leader mitch mcconnell promise to bring the issue to the floor but you know when the promise to vote to the president says and said what he's going to do britain's army chief says britain as does not have the ability to withstand an outside attack and respond appropriately tokyo taking part in the drill to prepare for the possibility of an incoming missile a hong kong bookseller was secretly detained in china has been taken away by chinese authorities again the daughter of a gleaming hi his uh his on a trained with swedish diplomats when police officer seized him global news 24 hours a day powered by more than twenty seven hundred journalists and analysts in more than 120 countries in san francisco i'm ed baxter this is bloomberg juliette and thank you so much let's continue our conversation with zimmi devalue ahead of japan economics merrill lynch securities on the line from at tokyo so as if we were talking about the boj decision the fact that download expecting any change and of course have been talking about even if the va b o j i should say does tweak the 10year yield target it may not be too much of a change to that yield curve control programme what is it going to take in your mind.

tokyo jodie snyder white house paul ryan president britain china officer san francisco ed baxter house speaker mitch mcconnell bloomberg japan merrill lynch securities boj 24 hours 10year
"ed baxter" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:01 min | 3 years ago

"ed baxter" Discussed on Bloomberg Radio New York

"Hour when the cash market does shortly after the cash market in tokyo begins trading the 10year last quoted in new york at two fifty five so the news coming out of a well it or centering on the nafta talks brought the down from two sixty two 255 so a lot going on in the markets we'll talk more about what's happening in commodities coming up here on daybreak asia right now though we want to get you caught up on global news and will go to san francisco for that to the bloomberg 960 newsroom and ed baxter at night doug thank you presidents of south korea in the us agree they will meet with kim jong un under the right circumstances south korea says it has a sure ince's from the us there'll be no military action as long as talks are going on you as president trump seems to walk back from saying he would sit down with special prosecutor robert muller saying he doesn't think there is a need for it on immigration he backs away from saying he will sign anything presented who him by a bipartisan con are saying that there must be a wall that it is a red line china's president she has been meeting with leaders of nordic and baltic countries and beijiang he says these forging new strategic partnerships throughout the throughout the world the iranian oil tanker that has been burning in the east china sea off shanghai has offered has now suffered an explosion firefighting and rescue efforts have been suspended global news 24 hours a day powered by more than twenty seven hundred journalists and analysts in more than 120 countries in san francisco i'm ed baxter this is bloomberg guys all right i'll take it here it's time for the tea leads review or the media report however you want to call it a lot of this comes from the official media in china so it's sometimes is a forerunner of what actually happens from the securities times china should increase yuan on rate twoway flexibility piece by widening the band the on the two percent swing either side of the daily fix for the currency set by the pboc from the china business news that shell me may list in hongkong with a dual clash shares xiaomi could be among.

oil tanker official red line prosecutor nafta tokyo hongkong pboc china ed baxter shanghai new york president robert muller trump ince kim jong un south korea bloomberg san francisco asia two percent 24 hours 10year
"ed baxter" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:32 min | 3 years ago

"ed baxter" Discussed on Bloomberg Radio New York

"Bloomberg ben kiernan brings us to 507 on wall street the latest on the travel ban now from bloomberg john tucker good morning good morning to you bob the trump travelled bear may proceed in full force this according to a ruling from a divided us supreme court records this report from bloomberg ed baxter this differs in that advance people who even have relatives our business connections in the us bloomberg's greg store says it does deal with mostly muslim nation air muslim countries as well as some people from some government officials from venezuela and people from north korea each country they restrictions are slightly different greg says there is no mention of the arguments in the case there are several hearing scheduled for this week regarding the ban but for now it can be enforced as the president has wanted in san francisco i'm ed baxter bloomberg daybreak doing to them against received a subpoena from the us vessel counsel robert muller seeking information about certain financial emblem transactions we at the family of president trump this according to a person briefed on the battered the subpoena received several weeks ago obliges germany's biggest lender to submit documents detailing its relationship with mr trump and his family president trump in utah monday announcing his cutting land from two national monuments there with the action i am taking today we will not only give back your voice over the use of this land we will also restore your access and your enjoyment.

Bloomberg ben kiernan travel ban bloomberg ed baxter greg store venezuela north korea president san francisco us robert muller mr trump utah john tucker ed baxter bloomberg germany
"ed baxter" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:42 min | 4 years ago

"ed baxter" Discussed on Bloomberg Radio New York

"Into 2018 after an initial sales drag from hurricanes harvey and perma an update for stocks sp 500 index advancing to a record of twenty six to twenty four 88 i gained one point one percent dow industrials up two hundred fifty nine of one point two percent nasdaq up seventy two a gain of one point one percent i'm charlie pellett that's a bloomberg business flash bloomberg best with russell in ed baxter continues it's forty eight minutes past the hour and now it's time for bloomberg view i'm ramesh narrow a columnist for bloomberg view senator dianne feinstein and other democrats are going after amy conybeare it a law professor at notre dame university who's the nominated to a federal appeals court day question whether she can fairly ply the logged in the strength of her catholic convictions but the criticism of her is based on highly misleading report by leftwing advocacy group the alliance for justice that report repeatedly distort spirits quotes to make her sound extreme there it is written for example the catholic judge who opposes the death penalty may need to recuse herself from some capital case is in that way she can honour conscience while the law still applied the alliance twists sir words to make it sounds though she would set aside the law in favor of the dictates of her face what really worries feinstein is that there may adult to allow legislatures to restrict abortion prepared to do that even if she's confirmed limited by supreme court precedents but some of the left consider the risks so severe they're willing to mangled a truth to avoid it i'm ramesh canaria for more view please go to bloombergviewcom or view go on the bloomberg terminal thank.

harvey charlie pellett bloomberg russell ed baxter dianne feinstein amy conybeare professor notre dame university advocacy group senator one percent forty eight minutes two percent