40 Burst results for "Ed Baxter"
Bloomberg Radio New York - Recording Feed
Monitor Show 19:00 09-24-2023 19:00
"Today, ophthalmologists can get countless hours to practice their surgical skills before operating on real patients, thanks to fundamental VR and Orbis's Metaverse training platform. Learn more at meta .com slash metaverse impact. I'm getting the data. There's lots of other data, sort of the non -government data that we look at, and I guess we'd have to rely on that more. Data that's different. Yeah. Thanks very much. The next hour of Bloomberg Daybreak Asia begins right now. The big three can emerge as winners. Hollywood studios and screenwriters are close to resolving a dispute over a contract renewal. Apple may be scaling up its India production by more than five -fold over the next five years. New Biden polling on the economy is dismal. China warning military personnel about being careful with whom they associate. Russian foreign minister to visit North Korea. I'm Ed Baxter with Global News. Arsenal and Tottenham played to a draw in the North London derby. I'm Dan Schwartzman. I'll have that story and more coming up in Bloomberg Sports.
Bloomberg Surveillance
Fresh update on "ed baxter" discussed on Bloomberg Surveillance
"That are up forty percent but I think that yeah right I think that baton be can passed there and you look at the ratio of defensive equity cyclicals it's perking up and I think these companies can get a bid as we head into this more challenging macro backdrop to close out the year here and what's great about this Lisa down Boylston Street in Massachusetts where arguably this is where in mutual funds were invented in the ether this morning are convertible bonds well yields are so out of whack that the new stock is a five percent convertible bond and any kind of bond actually which is what we heard from Jim Zellter over from Apollo but I am curious Emily one of the challenges to conservative stocks is it's unclear what that means a lot of people are saying that is big tech how do define you it well we still do like tech and again it's it's your classic S &P 500 tech sector not your growth at any price tech because tech is the poster child for quality these are companies with awesome balance sheets tons of cash on their balance sheet a limited need to tap the capital markets in order to grow but you all know that tech has gotten expensive and so we want to think about using technology stocks to protect portfolios from solvency risk but we also want to protect stocks from valuation risk so I think you need to comb through the value side of the house we don't love everything value I think you need to be selective here sectors like healthcare which have a 20 % ROE they're trading at a 10 % discount to the market they've been left the in dust I think these are all areas that can really do some more heavy lifting in portfolios well Emily fall out of old John Hancock up in Boston wander over to Trinity Church sit on the front stairs they're looking at the Copley Square pigeons and pray for a shortstop Emily Rowland thank you so much in Boston Beleaguered with John Hancock this morning you know that was a brilliant conversation about at least you know I bust your chops all the time but you can't go up without fear cardinal rule we're gonna have to discuss that through the coming conversations later John Farrell on perma crisis good morning now the latest news from New York City and around the world here's Michael bar Tom Lisa president Joe Biden is stepping further into the auto industry labor dispute Bloomberg's head Baxter has the story Biden travels to the Detroit area today to join workers on the UAW picket line White House spokeswoman Corrine Jean -Pierre he is the most pro -union president in modern times and says the message is clear this is the president that's made very very clear that he believes that corporate profits should be to record UAW a record UAW contract now Donald Trump visits Michigan on Wednesday as a two battle for the blue -collar vote I'm Ed Baxter Bloomberg Radio with just days to go before government shutdown Congress to work in crisis mode House Speaker Kevin McCarthy faces an insurgency from hard -right
Bloomberg Radio New York - Recording Feed
Monitor Show 18:00 09-24-2023 18:00
"Today, ophthalmologists can get countless hours to practice their surgical skills before operating on real patients, thanks to fundamental VR and Orbis' Metaverse training platform. Learn more at meta .com slash metaverse impact. Good morning at 5 a .m. Wall Street time for the latest on markets overseas and the news you need to start your day. I'm Tom Busby. Stay with us. Top stories and global business headlines are coming up right now. The big three can emerge as winners. Hollywood studios and screenwriters are close to resolving a dispute over a contract renewal. Apple may be scaling up its India production by more than five fold over the next five years. New Biden polling on the economy is dismal. China warning military personnel about being careful with whom they associate. Russian foreign minister to visit North Korea. I'm Ed Baxter with Global News. Arsenal and Tottenham played to a draw in the North London derby. I'm Dan Schwartzman. I'll have that story and more coming up in Bloomberg Sports. That's all straight ahead on Bloomberg Daybreak Asia. On Bloomberg 1130 New York, Bloomberg 99 .1 Washington D .C., Bloomberg 106 .1 Boston, Bloomberg 960 San Francisco, Sirius XM 119 and around the world on Bloombergradio .com and via the Bloomberg Business App. Hi everybody, good morning on this Monday morning.
Bloomberg Daybreak
Fresh update on "ed baxter" discussed on Bloomberg Daybreak
"Morning, I'm Nathan Hager and I'm Karen Moscow. U .S. Doc Index Index futures are lower this morning. S &P futures down six tenths of a percent or 25 points. Dow futures down six tenths of a percent or 163 points and NASDAQ futures down six tenths of a percent or 95 points. Nathan. Karen we'll more have on the markets in a minute but first lawmakers may be inching closer to a deal to help avoid a government shutdown end at the of this week. We get the latest from Bloomberg's Amy Morris in Washington. Sources tell Bloomberg the bipartisan Senate bill would extend funding for four to six weeks shorter than what Democrats wanted but could get it through the House. Once it passes the Senate it goes to the House where Speaker Kevin McCarthy will face a tough choice on whether to hold at a vote all. So far McCarthy has not been able to muster enough Republican votes for a rival stopgap measure that would cut spending by 27 % and change border policies. Now if McCarthy does put this Senate bill up for a vote conservatives have threatened to try to oust him. In Washington I'm Amy Morris Bloomberg Radio. Right Amy thanks. Well in addition to negotiations over a possible government shutdown the auto workers strike is also making political headlines this morning. President Biden is stepping further into the dispute in a highly unusual move and Bloomberg's Ed Baxter has the story. Biden travels to the Detroit area today to join workers on the UAW picket line. White House spokesman Corrine Jean -Pierre is the most pro -union president in modern times and says the message is clear. This is a president that's made very very clear that he believes that profits should lead to record UAW a record UAW contract. Now Donald Trump visits Michigan on Wednesday as a two battle for the blue collar vote. I'm Ed Baxter Bloomberg Radio. Thanks Ed. President Biden's decision to stand alongside United Auto Workers on the 12th day of their strike appears to be historic. More on that from Bloomberg Auto reporter Oliver Kruk. The question I think is does this help the union workers more or does this help help Biden more? So this is the first time you know over 100 years that our sitting president hasn't done anything like this and really with breaking a historical precedent. And it comes at a time when the US are really showing the highest support for unions in about 25 years. So politically for Biden this is certainly an attractive thing. The risk for Biden is that if this goes on longer and longer and longer, the economy starts to suffer that this is going to be used as ammunition against him. Bloomberg Auto reporter Oliver Crook says the Biden administration's had no formal role in the negotiations between the UAW and the Well turning to the markets now Nathan the CEOs of two of Wall Street's biggest banks have been weighing in on growth and rates. Goldman Sachs boss David Solomon says he expects the Fed to hike further and the economy to cool and here's what he told the American Energy Security Summit I think it's going to be hard to get inflation back the to target and that probably means if inflation is sticky we will see additional interest rate increases and ultimately that probably does lead to a little bit more of a slowdown in the economy whether that's a recession or it's just a slowdown you know it's hard to say but it would be unprecedented to go through this type of a tightening cycle and not see us get to a little bit of slower economic growth than what we're seeing right now the comments from Solomon come as JP Morgan CEO Jamie Dimon says he's not sure if the world is prepared for 7 % rates. Speaking to the Times of India, Dimon said that going to that level would be much more than a top Fed official speaking out about interest rates as well Karen. Minneapolis Fed President Neil Kashkari says he expects the central bank will need to raise rates one more time this year. So the economy has continued to exceed expectations in its underlying resilience. So if the economy is fundamentally much stronger than we realized on a margin that would tell me rates probably have to go a little bit higher and then be held higher for two cool things off. Minneapolis Fed President Neil Kashkari made the comments at the University of Pennsylvania's Warton School. Well turning to Asia, Nathan, the troubled Chinese property developer Evergrande says its mainland unit has defaulted on a 547 million dollar onshore bond. The default comes as reports emerge that former executives have been detained by Chinese authorities. Bloomberg's Loretta Chen has more from Hong Kong. The local media testing which is a reputable media email in China reported last night that the ex CFO and CEO of Evergrande Group were detained by police and these are the people who used to be right -hand men of Huikao Yan, the founder of Evergrande. So this is quite significant in terms of the destiny of this company. You know whether it's going to finish all these unfinished projects while its chief executives are detained. And Bloomberg's Loretta Chen says that detentions add another layer of uncertainty to Evergrande's debt restructuring plan. Some developments in Asia have Tesla shares down more than 1 % in early trading care and the investment maker apparently is looming larger than any other in the investigation of electric vehicles flowing into the European Union from China. Sources tell Bloomberg during the evidence gathering that precipitated this month's surprise announcement of an EU anti -subsidy probe into Chinese electric vehicles. Tesla was among the companies found to have likely benefited. Well Nathan, a top Apple executive is set to testify in Washington today at the Justice Department's antitrust trial against Google. At EQ, Apple's services chief plans to defend the lucrative deal that may Google search engine the default option on the iPhone. Sources say Q plans to say he has always believed that Google makes the best search engine and that's why Apple uses it as the go -to option across its major devices. The government is accusing Google of using its dominance in search to hinder competition. S &P futures are down 22 points this morning, or a half percent. Dow futures are down 151 points. That's a four tenths of one percent decline. Nasdaq futures are lower by 86 points now. That's a drop of six tenths of one percent. More global headlines and a check of sports straight ahead. This is Bloomberg. .
Bloomberg Radio New York - Recording Feed
Monitor Show 19:00 09-18-2023 19:00
"With Bloomberg, you get the story behind the story, the story behind the global birth rate, behind your EV battery's environmental impact, behind sand, yeah, sand, you get context, and context changes everything. Go to Bloomberg .com to get context. Yeah, it's art, I guess. They're not even arguing that. All right, well, we've got plenty for you. No blank spaces here on this program the next hour of Bloomberg Daybreak Asia begins right now. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act, this is Bloomberg Radio. This is Bloomberg Daybreak Asia for this Tuesday, September 19th in Hong Kong, Monday, September 18th in New York. Coming up this hour, Instacart prices its IPO at $30 a share. Disney is exploring the sale of its Indian streaming and TV business, and China's central bank meets with JP Morgan, Tesla, and others in a vow to support foreign businesses. A stop -gap government funding bill agreement, Hague arguments on charges of Russian genocide, China flies the most fighter jets near Taiwan in at least three years. I'm Ed Baxter with Global News. Struggling Manchester United's injury woes deep in. I'm Dan Schwartzman. I'll have that story and more coming up in Bloomberg Sports. That's all straight ahead on Bloomberg Daybreak Asia, on Bloomberg 1130 New York, Bloomberg 99 .1 Washington D .C., Bloomberg 106 .1 Boston, Bloomberg 960 San Francisco, Sirius XM 119, and around the world on BloombergRadio .com and via the Bloomberg Business Act. In about an hour from now, we'll have trading in the Japanese equity market after a holiday on Monday.
Bloomberg Daybreak Europe
Fresh update on "ed baxter" discussed on Bloomberg Daybreak Europe
"Bar Basis US two point stock at of futures 552, 278. also down. the And the sectors although we NASDAQ saw are big futures a in dollar dropping the significant spot red index more run this than -up is in morning. half the stronger of long market a 1 -dated Only healthcare moves 10th % this let's of 1 and morning. get % insurance to yields this our 10 top seeing morning, -year stories Treasury Anna. some and yields very we start small down with China. Okay, so a The troubled Chinese property developer Evergrande says its mainland unit has defaulted on a 4 billion yuan or 547 million dollar onshore bond. The default comes as reports emerged that a former CEO and CFO at the company have been detained by Chinese authorities. Bloomberg's loans and bonds reporter Loretta Chen has the details. The local media testing which is a reputable media in mainland China reported last night that the ex -CFO and CEO of Evergrande Group were detained by police and these are the people who used to be right -hand men of Huikao Yan, the founder going to finish all these unfinished projects while its chief executives are detained. Loretta Chen says the detentions add another layer of uncertainty to Evergrande's debt restructuring plan. An ex of shares in Chinese property companies slumped on Monday after Evergrande cancelled a meeting with creditors. The crisis at China Evergrande then this morning. Meanwhile the EU's chief trade negotiator says that Beijing's failure to condemn Russia's war in Ukraine is damaging China's investment policies. Wrapping up a high stakes trip to the world's second largest economy, Valdis Dombrovskis issued this clear attack on President Xi Jinping's foreign policy. China's position is affecting the face image not only with European consumers but also with businesses. Over a of third EU companies in this country have indicated that China's position on the war is making it a active investment destination. China's response and its contribution to resolving the war is a way that is important for us to engage. Dombrovskis' trip to China comes after the EU announced a probe into China's electric car subsidies. The move has increased tensions between Brussels and Beijing, with the most significant risk being a damaging trade war. The CEOs of two of Wall Street's biggest banks have been weighing in on growth and rates. Goldman Sachs boss David Solomon says he expects the Fed to hike further and the US economy to cool. Here's what he told the American Energy Security Summit. I think it's going to be hard to get inflation back to the target, probably and that means if inflation is sticky we will see additional interest rate increases and ultimately that that probably does lead to a little bit more of a slowdown in the economy. Whether that's a recession or it's just a slowdown, you know it's hard to say, but it would be unprecedented to go through this type of a tightening cycle and not see us get to a little bit of slower economic growth than what we're seeing right now. The comments from Solomon come as JP Morgan CEO Jamie Dimon said he's not sure if the world is prepared for 7 % rates. Speaking to the Times of India, Dimon said that going to that level would be much more painful than getting to 5%. President Joe Biden is stepping further into the auto industry labour dispute in a highly unusual move even for Democratic a president. Bloomberg's Ed Baxter has the story. Biden travels to the Detroit area today to join workers on the UAW picket line, White House spokeswoman Corrine Jean -Pierre. He is the most pro -union president in modern times and says the message is clear. This is the president that's made very, very clear that he believes that corporate profits should lead to a record UAW contract. Now Donald Trump visits Michigan on Wednesday as a two battle for the blue collar vote. I'm Ed Baxter, Bloomberg Radio. The London Stock Exchange CEO Julia Hoggart says UK firms risk the market by listing in America. The LSE boss told a conference that international companies underperform US domestic companies in their stock market. She noted that out of 23 British firms that have raised over $100 million in US the over the past decade, six have delisted and 13 are now trading down. Only four trading above their initial value. Now Rishi Sunak is under pressure to say whether HS2 will not confirmed reports that the Birmingham to Manchester section will be scrapped. The former chairman of up until 2021 Alan Cook told the Bloomberg UK politics podcast that the government is end up ignoring the long term benefits of the plan. There has to be a much more consistent the London Stock programs. If we constantly move away from one position to another to another position, it damages our reputation. It the damages way that we actually look at things and actually when we're trying to recruit the very, very best people that we need in the them. It makes them very concerned. Alan Cook is currently chairman of the high value manufacturing sport. catapult. You could hear that full interview on the Bloomberg UK politics podcast. Meanwhile, the FT says that the new US Yes, owners of Birmingham City Football Club have written to the prime minister with a similar warning that he will damage trust in the UK if he scraps the HS two rail project. Now the Citadel founder Ken Griffin is said to be in talks to join a group of investors bidding to take over the Telegraph media group. Various media reports say Griffin could financial provide backing to a consortium led by fellow hedge fund manager Paul Marshall. That's ahead of an auction for the newspaper set to begin in the coming weeks. Bloomberg understands that Griffin would only invest in such an effort personally and not through his company. Those are a few of our top stories for you today on the markets right now. US stock 600 by down half of 1%, S &P 500 Imini futures also declining half of 1 % and Treasury yields 10 -year yields trading at 4 .52 % down a basis point. Okay let's get to the crisis in China and specifically at China Evergrande Group. Its deepening did deepen over the last 24 hours after the company's mainland unit said it failed to repay an onshore bond. The poster child for China's property woes scrapped key creditor meetings at the last minute. Joining us now to discuss is John Liu managing editor for Greater China at Bloomberg. Thanks so much John for joining us. Before there were other issues in property there was China Evergrande. It is, as I mentioned, the sort of poster child for this sector difficulties it's got into. How did the defaults come about then? How come to pass? Well, the company, as you say rightly, has been in trouble for quite a while. They first defaulted on debt back in 2021. And so the fact that they've defaulted on this 4 billion yuan onshore bond, I think is significant. And it shows that the crisis, troubles continue. But at the same time, given how many bonds and how much debt the company has already has failed to pay. It's not that surprising. I think what has really hit sentiment overnight is that poured about the arrest of the ex -CEO and the ex -CFO, the question now is, what is the government up to? Is the government position on how it's going to execute the unwind of this company? Has that changed? And that's causing a lot of uncertainty. Yeah, absolutely. Also, what does it mean in terms of spillover? Could China's property crisis flare up more significantly elsewhere, i .e., what's the contagion risk? So I think the issue right now, we are about to head into a week -long holiday. It's called Golden Week here in China. It is prime time for real estate sales. Every year in the fall, September, October, this is when the vast majority of homes, apartments, property are sold. It has been a period the government's been looking at hoping the market will rebound this October. But with all these bad headlines about Evergrande, about Country Garden, about other developers. There is a real concern shown that that's going to result in the home buyers continuing to sit on the sideline, and that could indeed result in other developers running into trouble because they can't sell their apartments. We were covering earlier John that we've seen local media reporting that the former CEO and CFO of Evergrande are being pained. What does this tell us about where investigations have got to? I think that the concern here is that the government is starting to take steps to execute on that ultimate reckoning of what happened at this and company who caused it. And if that's happening then the worry is that it's going precipitate to really and unwind. That will make it much harder for the creditors to get the money that they're owed. Priority number one for the government Evergrande has sold a bunch of apartments to people that they have not yet built and they have not delivered.
Bloomberg Radio New York - Recording Feed
Monitor Show 19:00 09-17-2023 19:00
"With Bloomberg, you get the story behind the story, the story behind the global birth rate, behind your EV battery's environmental impact, behind sand, yeah, sand, you get context. And context changes everything. Go to Bloomberg .com to get context. Each university is doing different things in order to get to that kind of result. That's another story. It's a great story. It's another story to look at more closely in the coming hour. The next hour of Bloomberg Daybreak Asia begins right now. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. This is Bloomberg Daybreak Asia for this Monday, September 18th in Hong Kong. Sunday, September 17th in New York. Coming up this hour, GM CEO Mary Barra says the UAW strike didn't need to happen. Chinese developer Country Garden faces two more tests due later today. And Chinese authorities detain staff of China Evergrande's money management business. U .S. and China officials meet to keep lines of communication open. Donald Trump on Meet the Press repeats judicial system is filled with thugs. UAW says 21 percent Stellantis wage proposal is a no -go. I'm Ed Baxter with Global News. Arsenal wins again while Chelsea continues to struggle. I'm Dan Schwartzman. I'll have that story and more coming up in Bloomberg Sports. We don't have action in either Japanese equity trading...
Bloomberg Daybreak Europe
Fresh update on "ed baxter" discussed on Bloomberg Daybreak Europe
"Developer Evergrande says its mainland unit has defaulted on a 4 billion yuan or 547 million dollar onshore bond the default comes as reports emerge that the former CEO and CFO at the company have been Chinese Bloomberg's authorities loans and bonds reporter Loretta Chen has the details the local media testing which is a reputable media in mainland China reported last night that the ex CFO and CEO of Evergrande group were detained by police and these are the people who used to be right -hand men of Huikao Yan the founder of Evergrande so this is quite significant in of the terms destiny of this company you know whether it's going to finish all these unfinished projects while its chief executives are detained Loretta Chen says the detentions add a layer of uncertainty to Evergrande debt restructuring plan an index of shares in Chinese property companies slumped on Monday after Evergrande canceled meetings with its creditors the EU's chief negotiator says Beijing's failure to condemn Russia's war in Ukraine was damaging China's investment opportunities. wrapping wrapping up a high stakes trip to the world's second largest economy Valdis Dombrovskis issued this clear attack on Xi Jinping's foreign policy China's position is affecting the country's image not only with European consumers but also with businesses. Over a third of EU companies in this country have indicated that China's position on the war is making it a less China's important destination response and its contribution to resolving the war is a way that is important for us to engage. Dombrovskis' trip to the country comes after the EU announced a probe into China's electric car subsidies the increased move has tensions between Brussels and Beijing with the most significant risk being a damaging trade war. The CEOs of two wall streets of biggest banks have been weighing in on the growth of rates. Goldman Sachs boss David Solomon says he expects the Fed to hike further in the US economy to cool. Here's what he told the G -Security summit. I think it's going to be hard to get inflation back to the target and that probably means if inflation is sticky we will see additional interest rate increases and ultimately that probably does lead to a little bit more of a slowdown in the economy. Whether that's a recession or it's just a slowdown you know it's hard to say but it would be unprecedented to go through this type of a tightening cycle and not see us get little to a bit of slower economic growth than what we're seeing right now. The comments from Solomon come as JP Morgan CEO Jamie Dimon said he is not sure if the world is prepared for 7 % rates. Speaking to the Times of India, Dimon said that going to that level would be much more painful than getting to 5%. US President Joe Biden is stepping further into the auto industry labor dispute in a highly an unusual move even for a democratic president Bloomberg's Ed Baxter has the story. Biden travels to the Detroit area today to join workers on the UAW picket line. White House spokeswoman Corrine Jean -Pierre and and says the message is clear This is a president that's made very very clear that he believes that corporate profits should lead to a record UAW contract. Now Donald Trump visits Michigan on Wednesday as a battle two for the blue -collar vote. I'm Ed Baxter Bloomberg Radio. The London President and Stock Exchange CEO Julia Hoggatt says UK firms risk their market value by listing in The LSE boss told a conference that international companies US domestic companies in their stock market. She noted that out of the 23 British firms have raised over a hundred million dollars in the US over the past decade. Six have delisted and 13 are trading down. Only four are trading above their initial value. Prime The Minister Rishi Sunak is under pressure to say whether HS2 will go ahead in full. It's understood that Prime the Minister is concerned by the cost of the rail project but he has not confirmed reports that the Birmingham to Manchester section will be scrapped. The former chairman of HS2 until 2021 Alan Cook told Bloomberg's UK politics podcast that the government is ignoring the long term benefits of the plan. There has to be a much more consistent and concerted view from the government about the long term programs. If we constantly move away from one position to another to another position. It damages our reputation. It the government. We actually look at things and actually when we're trying to recruit the makes them very concerned. Alan Cook The UK football club have written to the Prime Minister with a similar warning that he will damage trust in the UK if he scraps us to rail project. And Citadel founder Ken Griffin is said to be in talks to join a group of investors bidding to take over the Telegraph media group. Various media reports say Griffin could provide financial backing to the consortium led by fellow hedge fund manager Paul Marshall. Action for the newspaper set to begin in the coming weeks. Bloomberg understands that Griffin would only invest in such effort an personally and not through his company. Those are your top stories on the programme. On the markets, the stock's 600 is down six tenths of 1%, the 4100 is three tenths lower and on Wall Street S &P mini futures are two thirds of 1 % lower. Valerie are you a fancy dining person or you food are a course before the pandemic? I really was. Yeah, now it just takes a long time. I don't know if I can be bothered. You know those fancy restaurants, you're there for three hours, you get late, home you know. Okay, fair enough. Well look, for anyone else that is still interested in eating, maybe this will reinvigorate your interest in it. Cake Raider, our food editor, has a fantastic list of the 13 new restaurants in London that you have to eat in. Japanese focus running through it as well. There's got the sushi master known as Asa opening his first UK restaurant in Harrods Food Halls, in case you fancy a trip to Knightsbridge. But also, she has just pointed out the Wolsley's opening a new dining room in the city on King William Street. It's not very far away from where we are here on Bloomberg's headquarters, but great options if you decide to dip your toe back into the eating Marcus? out market. I did read this article and the one thing that did stand out to me is the amount of visitors expected in the UK versus last year, bringing in almost another an additional billion dollars in revenue to the additional visitors in 2022. Stronger dollar and weaker pound I'm sure are going to encourage them. over Marcus here. Watch out as well. Well, let's get more now on one of our top stories this morning. It's at the Evergrande Group, the troubled Chinese property developer. We've had the mainland unit of the company saying that it failed to meet payments on an onshore bond. The poster child for China's property woes scrapped key creditor meetings at the last minute that were scheduled for Monday, sending its shares tumbling. And there's something again today in Hong Kong down 5 percent. Our China credit editor Kevin Kingsbury is with us for more on the story. Kevin, Hong for Evergrande. So Steve, they've missed principal payment due Monday on a 4 billion yuan putable bond that meant that creditors could demand early repayment on it. It missed the principal, or excuse me, an interest payment six months ago. So this is the second time that they've missed interest on this, with principal also Monday. due on It's the second bond that Evergrande has not paid as far as onshore. We've obviously been talking so much about the offshore debt, but they've been largely either keeping current onshore debt or being able to extend it. So not being able to do so in this case does raise even more red flags about Evergrande and its ability to deal with its debt load. What went wrong in this example of Evergrande? It's hard to know because we would think that because of the extensions that we had previously that they would be able to get this extension done again. But it did not happen here, and it kind of goes along with what exactly has happened with the offshore debt plan. And things had seemed to be going along until a month ago when the creditor votes were first delayed. obviously And then we over the weekend we had this vote scrapped and Evergrande saying that it's got to go back and kind of redo its debt restructuring plan in light of falling sales in recent months along with the slump in its shares as well as its property management unit and its electric vehicle units since they've resumed trading over
Bloomberg Radio New York - Recording Feed
Monitor Show 18:00 09-17-2023 18:00
"With Bloomberg, you get the story behind the story, the story behind the global birth rate, behind your EV battery's environmental impact, behind sand, yeah, sand, you get context. And context changes everything. Go to Bloomberg .com to get context. I'm Buzzfeed. Stay with us. Top stories and global business headlines are coming up right now. This is Bloomberg Daybreak Asia for this Monday, September 18th in Hong Kong, Sunday, September 17th in New York. And coming up today, GM CEO Mary Barra says the UAW strike didn't need to happen. Chinese developer Country Garden faces two more tests due today. And Chinese authorities detain staff of China Evergrande's money management business. U .S. and China officials meet to keep lines of communication open. Donald Trump on Meet the Press repeats judicial system is filled with thugs. UAW says 21 percent Stellantis wage proposal is a no -go. I'm Ed Baxter with Global News. Arsenal wins again while Chelsea continues to struggle. I'm Dan Schwartzman. I'll have that story and more coming up in Bloomberg Sports. That's all straight ahead on Bloomberg Daybreak Asia. On Bloomberg 1130 New York, Bloomberg 99 .1 Washington, D .C., Bloomberg 106 .1 Boston, Bloomberg 960 San Francisco, Sirius XM 119, and around the world on BloombergRadio .com and via the Bloomberg Business App. Hi, everybody. Good morning on this Monday here in the Asia Pacific. In Hong Kong, I'm Brian Curtis.
Bloomberg Daybreak Asia
Fresh update on "ed baxter" discussed on Bloomberg Daybreak Asia
"Indivisible. says Blinken Putin's war in Ukraine has brought the transatlantic and Indo -Pacific closer than ever before. When House Republicans return from their recess tomorrow, they'll be working on fining the votes to support a spending bill. Bloomberg's Nancy Lyons has the report from DC. A government shutdown could happen by the weekend if House Republicans cannot together come on a stopgap measure or a spending bill. Far -right conservatives want deeper spending cuts and stricter border policies in any package. White House Press Secretary Karine Jean -Pierre. We're going to hold them accountable for reckless cuts. They are demanding as a condition, as a condition for keeping the government open. Republican Congressman Brian Stile of Wisconsin tells Bloomberg Sound On there will be a deal. I'm optimistic that at the end of the day we're going to get there. Government funding runs out at midnight Saturday. In Washington, Nancy Lyons, Bloomberg Radio. Alright, thank you Nancy. Agriculture Secretary Thomas Vilsack, meanwhile, says a government shutdown could ultimately hurt food supplies and will certainly hurt farmers. Now time is the when farmers are harvesting their crops and they're seeking marketing loans which allow them and assist them in ensuring that they get a decent price for their crop. When we have a shutdown Farm Service Agency offices in virtually every county of this country shut down and those loans are not available. He says as well millions of moms will be unable to access food supplies for their families. Our Republican presidential contender Nikki Haley says she told lawmakers that a US government shutdown would be irresponsible and inexcusable. Her words even as she urged her party to reign in spending exclusively here on Bloomberg. It's a false narrative to say that the Freedom Caucus is holding things hostage because they want cut and you allow the government to go forward. You can have both, not either or. Haley said a shutdown harm would taxpayers already dealing with economic challenges such as high inflation and mortgage rates. And Russia's launched drones and missiles of the Black Sea port of Odessa. Ukraine's saying Moscow's latest venture to try and build a wedge between cave and European neighbors. In San Francisco, I'm Ed Baxter. This is Bloomberg, Brian. All right, thanks very much, Ed. The time, 34 and a half minutes past the hour. We will be taking a look at the markets coming up shortly. This is Bloomberg. Thank you for watching. Mm You just get the story. You get the story behind the story. How your EV's battery may not be as green as it seems. Why a decrease in global birth rates could send countries scrambling to increase immigration. You get context and context changes how you see things, how you change things because context changes everything. Go to Bloomberg dot com to get context. Mhm. Mhm. Mhm. Together we have the opportunity to build a more sustainable
Bloomberg Radio New York - Recording Feed
Monitor Show 12:00 09-17-2023 12:00
"Interactive Brokers charges USD margin loan rates from 5 .83 percent to 6 .83 percent. Rated the lowest margin fees by stockbrokers .com. Rates subject to change. Learn more at ibkr .com slash compare. And that is it for this edition of Bloomberg Best. I'm Ed Baxter. And I'm Denise Pellegrini. And this is Bloomberg. Stay with us now. Top stories and global business headlines are coming up right now. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. This is a Bloomberg Money Minute. Technology is changing the car business and not just with electric vehicles. Bloomberg reporter Keith Naughton says it's giving automakers a chance to sell new services to owners long after the car has left the showroom. Whether it's infotainment in the dashboard or safety features or convenience features like the hands -free driving. Automakers often sell these services by subscription, helping to smooth out the ups and downs of the car business. It gives you that continuous revenue stream that they don't have from just selling cars. And secondly, the profit margins on these subscription services are huge. And subscription services are not just showing up in electric cars. It doesn't have to be an electric car to have a working modem. All cars have modems now. And so it does not have to be an electric vehicle. Commercial fleets are among the early adopters, helping them to monitor where and how their vehicles are driven. But consumers are close behind. Larry Kofsky, Bloomberg Radio. Look through your children's eyes to see the true magic of a forest. It's a storybook world for them. You look and see a tree. They see the wrinkled face of a wizard with arms outstretched to the sky. They see treasure in pebbles.
Bloomberg Radio New York - Recording Feed
Monitor Show 15:00 09-16-2023 15:00
"With Bloomberg, you get the story behind the story, the story behind the global birth rate, behind your EV batteries' environmental impact, behind sand. Yeah, sand. You get context. And context changes everything. Go to Bloomberg .com to get context. And that is it for this edition of Bloomberg Best. I'm Ed Baxter. And I'm Denise Pellegrini. And this is Bloomberg. Stay with us now. Top stories and global business headlines are coming up right now. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. United auto workers are holding talks with Ford and GM on day two of the UAW strike. Union members are striking for better pay and pension benefits. Representatives for both GM and Ford say negotiations have resumed after Friday's pause. Union leaders are pushing for what they call a strong and fair contract. President Biden sent two high level White House officials to help mediate the talks. Post tropical cyclone Lee is slamming New England as it barrels toward Canada. The latest update from the National Hurricane Center says Lee is now packing top winds of 75 miles per hour, about 100 miles south southeast of Eastport, Maine. Some 85 ,000 customers have lost power in Maine. Forecasters say tropical storm conditions are likely to continue for several more hours along the coast of Maine and Cape Cod. Texas Attorney General Ken Paxton will remain in office. State senators voted on 16 articles of impeachment today after ending deliberations. The senators acquitted the attorney general of all counts. Paxton only needed to be convicted of one of the articles to automatically be removed from office. He was accused of abusing the power of his office to help a political donor. U .S. Supreme Court Justice Katanji Brown Jackson is calling for American schools to teach the history of racism in the U .S. Jackson was in Birmingham, Alabama, on Friday to mark the 60th anniversary of his death.
Bloomberg Radio New York - Recording Feed
Monitor Show 19:00 09-15-2023 19:00
"With Bloomberg, you get the story behind the story, the story behind the global birth rate, behind your EV battery's environmental impact, behind sand, yeah, sand, you get context. And context changes everything. Go to Bloomberg .com to get context. That is it for this edition of Bloomberg Best. I'm Ed Baxter. And I'm Denise Pellegrini. And this is Bloomberg. Stay with us now. Top stories and global business headlines are coming up right now. President Biden spoke about the issue. Auto companies have seen record profits, including the last few years, because of the extraordinary skill and sacrifices of UAW workers. Speaking from the White House today, Biden also said he believes union workers have not been paid fairly over the past several years. The strike kicked off Friday after the current contract expired at midnight. Parts of coastal New England are bracing for tropical storm conditions as Hurricane Lee moves northward in the western Atlantic. The latest update from the National Hurricane Center says Lee remains a large hurricane with top winds of 80 miles an hour. Unsealed court records show the special counsel investigating former President Trump obtained direct messages from Trump's Twitter account. The court documents reveal special federal counsel Jack Smith's investigators warn Trump could precipitate violence if he was made aware about their efforts to get the messages. California is one step closer to becoming the first state in the nation.
Bloomberg Radio New York - Recording Feed
Monitor Show 19:00 09-14-2023 19:00
"With Bloomberg, you get the story behind the story, the story behind the global birth rate, behind your EV battery's environmental impact, behind sand, yeah, sand, you get context. And context changes everything. Go to Bloomberg .com to get context. On the UAW, whether it goes on strike, Keith Norton is going to join. Indeed. And we'll also have a little bit more on what's going on with the IPO and arm holdings that's ahead. Thank you, Vani. This is Bloomberg Daybreak Asia for this Friday, September 15th in Hong Kong, Thursday, September 14th in New York. Coming up this hour, shares and arm holdings jump on their U .S. trading debut. Disney is said to be holding initial talks to sell ABC to Nexstar Media Group. And the United Auto Workers and the Big Three are approaching a deadline to agree on a new contract. DOJ files gun charge against Hunter Biden. McCarthy says the right wing of his party will not shut the government down. New Hong Kong nightlife campaign. I'm Ed Baxter with Global News. Messi and Mbappe in Holland lead FIFA's The Best Men's Player nominees. I'm Dan Schwartzman. And I'll have that story and more coming up in Bloomberg Sports. That's all straight ahead on Bloomberg Daybreak Asia, on Bloomberg 1130 New York, Bloomberg 99 .1 Washington, D .C., Bloomberg 106 .1 Boston, Bloomberg 960 San Francisco, Sirius XM 119 and around the world on BloombergRadio .com and via the Bloomberg Business app. It's a little past eight in the morning in Tokyo. We made it to Friday in Asia, which is the final day of the trading week.
Bloomberg Radio New York - Recording Feed
Monitor Show 19:00 09-13-2023 19:00
"With Bloomberg, you get the story behind the story. The story behind the global birth rate. Behind your EV batteries environmental impact. Behind sand. Yeah, sand. You get context. And context changes everything. Go to Bloomberg .com to get context. Customers in the US market. That's Mercedes -Benz head of North America, Dimitris Tsilakis, joining us, talking there to Matt Miller and John Ehrlichman. This is Bloomberg. Broadcasting 24 hours a day at Bloomberg .com. And the Bloomberg Business Act. This is Bloomberg Radio. This is Bloomberg Daybreak Asia for this Thursday, September 14th in Hong Kong. Wednesday, September 13th in New York. Coming up this hour. A Fed rate hike may be in play as core inflation in the US unexpectedly rises. Soft bank owned Arm Holdings is said to be pricing its IPO at the top end of its marketed range. And China raises concerns about security problems with Apple's iPhone. UAW sets auto industry deadline for potential strike. McCarthy says he would use subpoena power in Biden impeachment inquiry. Kim and Putin meet. I'm Ed Baxter with Global News. A Senate subcommittee subpoenas Saudi Arabia about their golf deal. I'm Dan Schwartzman. I'll have that story and more coming up in Bloomberg Sports. We're less than.
Bloomberg Radio New York - Recording Feed
Monitor Show 18:00 09-13-2023 18:00
"With Bloomberg, you get the story behind the story, the story behind the global birth rate, behind your EV battery's environmental impact, behind sand, yeah, sand, you get context. And context changes everything. Go to Bloomberg .com to get context. We love it when you join us as well, Simone, Bloomberg TV correspondent filling in for Carol Masler this afternoon. Thank you so much, Simone. That does it for Bloomberg Businessweek. I'm Tim Stenebeck with Simone Foxman. And Bloomberg Daybreak Asia starts right now. I'm Ed Baxter with Global News. A Senate subcommittee subpoenas Saudi Arabia about their golf deal. I'm Dan Schwartzman. I'll have that story and more coming up in Bloomberg Sports. That's all straight ahead on Bloomberg Daybreak Asia. On Bloomberg 1130 New York, Bloomberg 99 .1 Washington, D .C., Bloomberg 106 .1 Boston, Bloomberg 960 San Francisco, Sirius XM 119, and around the world on BloombergRadio .com and via the Bloomberg Business app. A little past six in the evening on Wall Street. We are wheels up for the Thursday.
Bloomberg Radio New York - Recording Feed
Monitor Show 18:00 09-12-2023 18:00
"With Bloomberg, you get the story behind the story, the story behind the global birth rate, behind your EV batteries' environmental impact, behind sand, yeah, sand, you get context. And context changes everything. Go to Bloomberg .com to get context. Disappointed in the cloud stuff, Oracle shares got whacked, what, 13 %? That's a big loss today. Biggest loss is March of 2002. Doug Krisner, we love it when you join us. That does it for Bloomberg Businessweek. I'm Tim Stanek with Jess Men, Daybreak Asia starts now. And OPEC Plus signaling its biggest supply crunch in a decade. McCarthy launches impeachment inquiry into Biden. CDC advisory panel greenlights new COVID shot. Kim in Russia. I'm Ed Baxter with Global News. Jets quarterback Aaron Rodgers will miss the season with the torn Achilles. I'm Dan Schwartzman. I'll have Baxter, we have more coming up in Bloomberg Sports. That's all straight ahead on Bloomberg Daybreak Asia. On Bloomberg 1130 New York, Bloomberg 99 .1 Washington, D .C., Bloomberg 106 .1 Boston, Bloomberg 960 San Francisco, Sirius XM 119, and around the world on BloombergRadio .com and via the Bloomberg Business App. It's a little past six in the evening on Wall Street, the Wednesday edition of Bloomberg Daybreak Asia. If you're joining from the APAC region, good morning. I'm Doug Krisner at the Bloomberg Interactive.
Bloomberg Radio New York - Recording Feed
Monitor Show 19:00 09-11-2023 19:00
"Indeed that was the UK Chancellor of the Exchequer Jeremy Hunt speaking exclusively with our very own Aslinda Armin. A quick look at some of those assets in play right now just taking a look at the oil price we were looking at earlier WGI at near highs of the year 87 bucks for 30 cents. The barrel we've got a 10 -year yielding 4 .28 % and a dollar which is steady after losses in the last 24 hours. This is Bloomberg. Broadcasting 24 hours a day at bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. This is Bloomberg Daybreak Asia for this Tuesday September 12th in Hong Kong Monday September 11th in New York. Coming up today Apple renews its deal with Qualcomm in a sign in -house iPhone chips may not be ready. Disney and Charter Communications agree to end a blackout of ESPN and ABC for millions of customers and China's economy shows signs of stability as credit growth rises. US and NATO say Russia must be desperate to accept munitions from North Korea. FDA approves new COVID vaccine remembering 9 -11. I'm Ed Baxter with Dan Schwartzman. I'll have that story and more coming up in Bloomberg Sports. That's all straight ahead on Bloomberg Daybreak Asia on Bloomberg 1130 New York Bloomberg 99 .1 Washington DC Bloomberg 106 .1 Boston Bloomberg 960 San Francisco Sirius XM 119 and around the world on Bloombergradio .com and via the Bloomberg Business Act.
Bloomberg Radio New York - Recording Feed
Monitor Show 18:00 09-11-2023 18:00
"That's pretty much it. That's three hours of programming. Well, I'm not going to set up everything. You're going to have to tune in and listen. Well, we're very much looking forward to that. Hey, Jess Metten, I really appreciate you filling in for Carol this afternoon. Always a pleasure. It's been fantastic, and more from you a little later this week as well. That does do it for Bloomberg Businessweek. I'm Tim Stanovec with Jess Metten. Bloomberg Daybreak Asia starts right now. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. This is Bloomberg Daybreak Asia for this Tuesday, September 12th in Hong Kong. Monday, September 11th in New York. Coming up today... Apple renews its deal with Qualcomm and assign in -house iPhone chips may not be ready. Disney and Charter Communications agree to end the blackout of ESPN and ABC for millions of customers. And China's economy showing signs of stability as credit growth rises. U .S. and NATO say Russia must be desperate to accept munitions from North Korea. FDA approves new COVID vaccine. Remembering 9 -11. I'm Ed Baxter with Global News. A Juventus star is facing as much as a four -year suspension. I'm Dan Schwartzman. I'll have that story and more coming up in Bloomberg Sports. And if you're joining from the Asia Pacific...
Bloomberg Radio New York - Recording Feed
Monitor Show 18:00 09-10-2023 18:00
"Thank you, Kaylee. That was Bloomberg Sound On co -host Kaylee Lines reporting from our Bloomberg 99 .1 newsroom in Washington. And you can hear Sound On weekdays 1 to 3 p .m. on Bloomberg Radio. And that does it for this edition of Bloomberg Daybreak Weekend. Join us again Monday morning at 5 a .m. Wall Street time for the latest on the markets overseas and the news you need to start your day. I'm Tom Busby. Stay with us. Top stories and global business headlines are coming up right now. Broadcasting 24 hours a day at Bloomberg .com. And the Bloomberg Business Act. This is Bloomberg Radio. This is Bloomberg Daybreak Asia for this Monday, September 11th in Hong Kong. Sunday, September 10th in New York. And coming up today. Vietnam Air closes in on a $10 billion deal with Boeing for 737 Max jets. Italy signals it will exit China's Belt and Road investment path. And Alibaba's former CEO decides to quit just months after agreeing to lead its cloud division. G20 final wording on Russian invasion of Ukraine. Biden says climate change threat worse than nuclear attack. Fauci says Covid cases will rise but doesn't predict major surge. I'm Ed Baxter with Global News. Novak Djokovic battling Daniil Medvedev in the U .S. Open final. I'm Ian Schwartzman. I'll have that story more coming up in Bloomberg Sports. That's all straight ahead on Bloomberg Daybreak Asia. On Bloomberg 1130 New York. Bloomberg 99 .1 Washington D .C. Bloomberg 106 .1 Boston. Bloomberg 960 San Francisco. Sirius XM 119. And around the world on Bloomberg Radio dot com and via the Bloomberg Business Act. Hi everybody. Good morning.
Bloomberg Radio New York - Recording Feed
Monitor Show 19:00 09-07-2023 19:00
"I hope your place is alright, but some of these roads are looking like rivers. You could go quite happily on a couple of them and just find yourself in the sea, probably. Yeah, I'll tell you, I got some rain here. We were driving from Zion National Park over to Colorado, going up to Boulder, and we got hit with a hellacious rainstorm. Anyway, that's another story. The next hour of Bloomberg Daybreak Asia begins right now. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act, this is Bloomberg Radio. This is Bloomberg Daybreak Asia for this Friday, September 8th in Hong Kong, Thursday, September 7th in New York. Coming up this hour, shares an Apple tumble on reports that China is planning to expand a ban on iPhone use to state -backed agencies and companies. China is seeking to improve access to semiconductors during G20 talks on tackling climate change, and the United Auto Workers reject a pay raise counteroffer from General Motors. ASEAN closes and leads to what could be a tense G20. Ukraine aid becomes a major issue on what could be a U .S. government shutdown. Australia, China, leader face -to -face possibility before the end of the year. I'm Ed Baxter with Global News. The women's semifinal matchup is ongoing tonight at the U .S. Open. I'm Dan Schwartzman. I'll have that story and more coming up in Bloomberg Sports. That's all straight ahead on Bloomberg Daybreak Asia. On Bloomberg 1130 New York, Bloomberg 99 .1 Washington, D .C., Bloomberg 106 .1 Boston, Bloomberg 960 San Francisco, Sirius XM 119, and around the world on BloombergRadio .com and via the Bloomberg Business App. Thanks for watching.
Bloomberg Radio New York - Recording Feed
Monitor Show 18:00 09-07-2023 18:00
"Old school wisdom with a passion for what's possible. That's what you get from the Morgan Stanley Client Experience. You get listening more than talking and a personalized plan built on insights and innovative technology. You get grit, vision, and the creativity to guide you through a changing world. Old school grit, new world ideas. Morgan Stanley. To learn more, visit morganstanley .com slash why us. Investing involves risk. Morgan Stanley Smith Barney LLC. Broadcasting 24 hours a day at bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. This is Bloomberg Daybreak Asia for this Friday, September 8th in Hong Kong. Thursday, September 7th in New York. And coming up today. Shares an Apple tumble on a report China is planning to expand to ban on iPhone use to state backed agencies and companies. China seeks to improve access to chips during the G20 talks on tackling climate change. And the United Auto Workers Union rejects a pay raise counter offer from General Motors. ASEAN closes and leads to what could be a tense G20. Ukraine aid becomes a major issue on what could be a US government shutdown. Australia, China, leader face to face possibility before the end of the year. I'm Ed Baxter with Global News. The women's semifinal match -ups ongoing tonight at the US Open. I'm Dan Schwartzman, I'll have that story more coming up in Bloomberg Sports. That's all straight ahead on Bloomberg Daybreak Asia. On Bloomberg 1130 New York. Bloomberg 99 .1 Washington DC. Bloomberg 106 .1 Boston. Bloomberg 960 San Francisco. Sirius XM 119. And around the world on bloombergradio .com and via the Bloomberg Business App.
Bloomberg Radio New York - Recording Feed
Monitor Show 19:00 09-06-2023 19:00
"Economics to say that it may take another another two decades for China's GDP to beat that of the U .S. and even after that it may fall back behind soon after due to all sorts of different challenges so there you go Brian I mean this is something we have been uh talking about and keeping an eye on and it sort of goes down to these growth goals by the administration in Beijing yeah some interesting comments there by Bloomberg economics uh and runs a little counter to what we thought before demographics a big part of that story as well the next hour of Bloomberg Daybreak Asia begins right now broadcasting 24 hours a day at bloomberg .com and the Bloomberg Business Act this is Bloomberg Radio this is Bloomberg Daybreak Asia for this Thursday September 7th in Hong Kong Wednesday September 6th in New York coming up this hour a strong reading on the U .S. services economy bolsters bets on the fed keeping rates higher for longer shares an apple fall on a report that China has barred government staff from using iPhones at work and Chinese chip makers smic may have violated U .S. sanctions by supplying components to Huawei as young leaders disappointed Biden did not attend the summit looks like Biden is clear to go to the G20 though DOJ signals it is ready to indict Hunter Biden I'm Ed Baxter with global news two top five seeds advance to semi -finals at the U .S. Open I'm Dan Schwartzman I'll have that story more coming up in Bloomberg Sports that's all straight ahead on Bloomberg Daybreak Asia on Bloomberg 11 30 New York Bloomberg 99 .1 Washington D .C. Bloomberg 106 .1 Boston Bloomberg 960 San Francisco Sirius XM 119 and around the world on Bloomberg Radio .com and via the Bloomberg Business Act we are now an hour away from trading in Tokyo Sydney and Seoul it's hour two of DBA.
Bloomberg Radio New York
"ed baxter" Discussed on Bloomberg Radio New York
"I'm Ed Baxter, one of Moderna and Merck's recent collaborations has shown progress in a mid stage trial. The vaccine in combination with Merck's keytruda cut the risk of death a recurrence of the lethal skin cancer melanoma by 44%. And Moderna's CEO Stephane bund cell spoke with Bloomberg's Paul Sweeney and Matt Miller about the breakthrough and how cancer treatment will continue to unfold in the coming years. So I think we're a few years away and not 5 or ten years a few years away. I mean basically what we have to do in 2023 based on this great data and we know it's real because you know the P value is a very statistically significant is we're going to start a phase three melanoma in 2023. I guess it's going to take 12 to 18 months to enroll and then we need to wait 12 months to get 12 months of survival data and then file these super regulators. So that's a couple of years away. Now that the data is out, we're going to of course discussing with the FDA and other regulatory agencies to see is there a way to even accelerate that. So this is to be discussed with regulators. But that's for melanoma. The great thing is, of course, for all the families that have a high risk of melanoma, but the great news for me is I think this is kind of immunotherapy 2.0 because what we saw with checkpoint in KT dry and all those medicines is a huge ability to impact your immune system to kind of wake up your immune system to go eat your cancer. But what we've shown for the first time in the history of medicine is our ability to design a product for one human being at a time where we could in our medicine the mutation of your specific cancer and we've shown this morning given the huge difference of recurrence and death versus sketchy rubber gold standard. We show that we can teach your T cells, which is part of the immune system to recognize your cancer and then go eat it. And so I'm very excited about it, plus this is Moderna technology. 2019, we made a lot of progress in vents. So do I believe we can do better? I do. You know, it took us 45 days on average to get the drugs to patients from a biopsy. I think the line of sight to 30 days that we saved more lives. And I want to keep pushing the team to even go faster so that we can help as many people as we can across many cancer types. So Steven, I mean, this seems promising, not just in fighting melanoma and fighting skin cancer, but in fighting other cancers as well. Exactly. So I think every solid tumor cancer is fair game now, does it mean it's going to work everywhere? We will have to do the clinical studies. But the good news given the safety profile of a product was very good. The safety profile of a combination. More than a plus more K two draw look very similar to KT drive alone. As you know, sometime with combination, you see worst toxicity. And so we're not really viable for patients. And so what's very exciting now is given we are very strong data in a lot of people our goal is to run several phase three at the same time in melanoma obviously, but we are working with colleagues at Merck to prioritize which over two modes we start in, as you know, kitty gray is used in lung cancer in breast cancer, in renal cancer, many of our cancers. And so we're going to try those first. I also want to explore what can we do to people that are metastasis in the cancer. I also want to explore in our personalized cancer vaccine Moderna alone. The great news is we have now 17 billion of cash. And so we want to invest that capital to make new medicine and this is a great place to invest because there's a big medical need for cancer. Stefan talked to us about the size of this market. How do you think about the opportunity for this particular therapeutic? So I think it's a very big, just one comparator is getting ourselves, which is on a run rate of $16 billion per year. And analysts predict up to 30 billion by 2028 when KT dry expires. And so when you look at what kitchen drive did, let's go back a bit in history. During its phase three kilogram of 40% reduction, versus standard of KL then in terms of recurrence and death. On the same metrics, we showed you 44% decrease because you schedule the new gold standard. And so do I believe the opportunity of Moderna PCV down the road as we expand to more cancer types as we expand to metastatic stage as we expand to earlier cancer could be as big or even bigger and get you draw. I do think so. So I think it's a very large opportunity. Stefan, how was the approval process evolved over the last several years since the pandemic? When you interact with the FDA and you've done it for obviously for many, many years, has it changed, has it become perhaps easier, more streamlined, how are you finding it? So I think the FDA first has done an amazing job during the pandemic that we all benefited from. I think the FDA has a much better understanding of modern platform. And I think the FDA now understand that this is a platform. In the early days, if you want to add, of course, to prove to the regulator, which both of you and everybody wishes that all regulators do to protect all of us, to get the clinical data to help us understand what is similar between each drugs of Moderna. The great news about this product for cancer that we announced this morning is it's 100% the same chemical matter for
Bloomberg Radio New York
"ed baxter" Discussed on Bloomberg Radio New York
"Bomb that took down Pan Am flight one O three in Lockerbie Scotland in 1988 is in U.S. custody that bombing killed 270 people on board, including 35 Syracuse university students among them junior Thomas Schultz, his father 85 year old Jack Schultz says the federal case brings back memories. I imagine if this guy comes to trial, there'll be a history of this whole event that most people don't remember anymore. The suspect was being held in Libya, it is not clear how he came into U.S. custody. The January 6th committee has taken another step in trying to get out its final report. We get those details from Bloomberg's Ed Baxter. The stated purpose of the meeting possible prosecution on criminal charges coming out of the insurrection. Congressman Adam Schiff on CBS has heard here on Bloomberg. I think we're all certainly in agreement that there is evidence of criminality here. Schiff says the committee has been able to provide very important information to the DoJ, but just as important. I think it makes an important statement, not a political one, but a statement about the evidence of an attack on the institutions of our democracy and the peaceful transfer of power. Less than two weeks until the curtain comes down. In San Francisco, I'm Ed Baxter Bloomberg radio. And the U.S. is sending a delegation to China in coming days following up on President Biden's meeting with Chinese president Xi Jinping last month at the G 20 meeting in Indonesia. Live from the Bloomberg interactive broker studios, this is global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries. I'm Amy Morris, and this is Bloomberg. Not completing. If you run a small business, you
Bloomberg Radio New York
"ed baxter" Discussed on Bloomberg Radio New York
"Best. I'm Ed Baxter. And under these Pellegrini, SoFi is among the financials reporting quarterly revenue that actually beat fort castes. And in his CEO Anthony noto tells Bloomberg's Emily Chang the wind is at their back a bit more than previously. Let's listen in. Are the big uptick in deposits reflects the fact that for the first time, this quarter we had our national bank open and having a bank license allows us to actually offer the consumer an interest rate on checking or savings that we determine as opposed to a bank sponsor determining it. And we've taken on approach where we really want to be the primary relationship with our members. We want them to be with us for all the major financial decisions they make in their lives and all the days in between. In order to be that primary relationship, we really need to be the place they do their direct deposit. So we're offering them 1.8% interest. If they do direct deposit with us and that's on checking, no minimum balance, no restricted on spending, they could spend when they want they just have to do direct deposit with us. And that's allowing us to use those deposits to fund their loans at a much lower cost. And so the two businesses are really synergistic. A higher interest rate in checking gives us more deposits at a lower cost. So we can lend more to more people and it drives a great virtuous circle. Now, I know you're expecting strong growth in the second half, but you know, you've got a recession looming. We've got all of these dire warnings from policymakers from other CEOs. What are you preparing for? We've been preparing for a war since March of 2020. When the goal of pandemic hit, the president of the United States told federal student loan borrowers, they didn't have to continue to make payments on those federal student loans as part of the cares act. And that was incredibly important for our country. Well, that had a negative impact on our student loan refinancing business. If you're not paying your student loans, there's no motivation to refinance it to a lower rate. So that business went from generating about $2.1 billion in originations. Two and a half years ago in Q one of 2020 to only 400 million this quarter. Well, the reason we've been able to drive record revenue growth this quarter and the prior three quarters is because we're a one stop shop
Bloomberg Radio New York
"ed baxter" Discussed on Bloomberg Radio New York
"I'm Ed Baxter. And under these Pellegrini, welcome to Bloomberg well, with David Rubenstein, part of our best of Bloomberg series. In this episode, we hear from Nelson peltz CEO and founding partner at tryon partners. And peltz, of course, Ed widely called an activist investor. That's a label he actually resists a little bit. Yeah, that's right, Denise, and that's one of the things David asked peltz about. Let's listen in. So for those who don't know, what is an active investor? We're not an active investor. What we see is we see really companies that we think will once great have lost their way and that we have a plan for them to get back to greatness again. And that's what we do. We're not there to leverage up these companies. We're not there to split them up. We're not there to do all the terrible things that typically go along with the term activist. We're just trying to get these companies to operate better. The way they used to. So what you typically do for those who don't know is you buy some stock in the company. That's a large public company. Right. Then when you own a stake and you become public in it, you notify the CEO that you're a big shareholder. Exactly right. And now you're an activist. Okay. When you notify the CEO and you say, I'm Nelson peltz, I'm here to help you. Does he say, jeez, I don't really need that much help, or he says, okay, give me your ideas. Well, the above. Okay, sometimes no one is thrilled that we're there. Some are much more receptive to hear what we've got to say. We've put together a white paper to go over with management. And that white paper stays private as long as we're in conversation. And if we want a board seat when we think that they're ready to give us a board seat, it will always take private. But if they refuse to, then we make that white paper public. All right, so of the 30 times you've done this or so, how many times the CEO say thank you for showing up. I really want your advice and how many they say, thank you, but I don't need your advice. I can't tell you, but I don't remember anybody ever saying the former okay. But not very often if they've been tough as you said on the latter. Clearly they're not thrilled to see us. But what usually happens is that these stocks go up. And they go up nicely for the right reasons because sales have gone up, market shares have gone up, earnings clearly have gone up. And we tell them what we think they're doing wrong. The most recent one, which is really interesting, was Procter & Gamble. Procter & Gamble was about a $70 stock for almost ten years. And the best, the biggest consumer company in the world, but really giving away market share here and there wherever anybody was challenging them. We didn't think the company was structured properly. So we went to them and gave them a plan. And said, look, you, there's one CEO, no one has P and L responsibility in this company anywhere other than the CEO. So there's really no ability to impact things because everything was a matrix organization. We gave them our structure. They rejected it. We had a proxy, we finally won our board seat. And the shareholders won. So to decide what companies are investing in an infinite number of companies you could invest in. So how do you decide which ones you want to fix and help fix? Well, the companies that we think we know something about their industries. Anything consumer, including restaurants, asset management companies where we've been in one from leg mason two times to invest go to Janice Henderson, melon. We've been in all of those. So there's a financials that we call financials without balance sheets. Okay? So when you make these investments, you have outside adviser that advise you, McKinsey or Boehner, BCG, that help you come up with supplant and go forward. You can do it all internal. All done here. So you have research team in New York. Because that's where you're based. In this office and in Florida. And when did you start the company? Well, we started trying partners in O 5. Before that, I was buying companies like you did, not with a fund. But with vehicles or with capital that we can cobble together. And we did some very good deals back then. We bought what we created was American national can, which was the biggest packaging company in the world at that time. We bought snapple from Quaker oats and turned that around. We created national propane. So we've did that on a single company where we own the company. And then we decided to have a fund, and that we saw great opportunity by having a fund that could make investments in bigger companies, companies that we couldn't buy. The first one we started with was Wendy's. The second one was Heinz. And Heinz unfortunately wound up to be a proxy fight. It didn't need to be. I got on the board, Bill Johnson and I became very good friends who was chairman and CEO who fought with us. He ultimately wound up to be on our advisory board, and he was our nominee on the board of Pepsi. So think about that. We had a proxy fight and became very fast Friends, which usually is what happens. So let's go before we get back to more of what you're doing. Your background. So from your accent, it sounds like you're from New York. I'm from Brooklyn. All right, you're from Brooklyn. Part of New York. Special part of New York. And that was Nelson peltz, CEO and founding partner at trian partners on Bloomberg wealth with David rubinstein. And coming up, we'll hear more from peltz on his career, which, by the way, included being a ski bomb at
Bloomberg Radio New York
"ed baxter" Discussed on Bloomberg Radio New York
"I'm Ed Baxter And I'm to these Pellegrini Welcome to Bloomberg well with David Rubenstein part of our best of Bloomberg series Now in this episode we hear from Don Fitzpatrick chief executive and chief investment officer of Soros fund management And she says the fed waited too long and to act And she also talks about why it's important to be flexible about your investment goals and your rate of return And here is David with Fitzpatrick starting with a look at the inner workings of the office of one of the world's most high profile investors Let's listen in What is it like to be the chief investment officer and chief executive officer for Soros fund management He's one of the most legendary investors of the 20th century And I guess maybe the 21st century to see call you every day and say do this do that Are you basically have the ability to make the decisions you want Well I literally just got off the phone with him So while George now spends the majority of his time on the foundations especially with everything that's going on geopolitically he's still watches markets and there are things that catch his attention And he'll call and share views with me and I really kind of cherish those calls and value his input And working here is really a privilege We run just shy of $30 billion effectively for a single client which is the foundations that George started the open society foundations which are the largest private funder of human rights causes around the globe So especially in times like now with Ukraine they do a tremendous amount of really important work So it's a privilege to work here You've previously worked for publicly traded companies so is it easier to work for a private company a private family because you don't have to worry about the stock market every hour on the hour Absolutely That's where I spent 25 years at UBS before joining Soros fund management And they were great 25 years but they were definitive constraints when you're working for a publicly traded company especially a really highly regulated bank And when I was there I ran the investment side of the asset management business We had thousands and thousands of clients and hundreds of different products that I oversaw So in that capacity there are real constraints in terms of what any given investment mandate is Versus here we really have a very very wide remit So how does the process work now at Soros fund management You're the CEO and the CIO So do you tell your team this is what we're going to do and they say yes we're going to do it or they come to you with ideas and you say maybe yes maybe no How does it work Yeah so we have a top down asset allocation So a general idea on where we want to be overall on our overall global equity exposure or fixed income exposure but then we have over a hundred internal investment team members and they all have investment mandates and they'll come to me so they have degrees of freedom within that mandate but very often there will be an idea they like for their mandate but instead of buying a 100 million they want to buy 500 million And that's when we have the conversation about whether it should be upsized And one of the things at SFM we can do is because we can invest across any asset class in almost any geography we can really connect dots and operate in the spaces in between where the typical asset management industry can go So George Soros is very famous for among other things saying if you're going to really good idea pursue it to the extreme In other words put a lot of money into something Famously he did that when he helped break the British pound in 1992 I think it was So does he influence you in that way if you have a really good idea of somebody has a good idea You say we're going to put a lot of money in or you try to be risk adverse and not put too much any one thing When I came here 5 years ago George had not been involved day to day for a while and interesting the portfolio I inherited was over diversified And when you have an over diversified portfolio you're like guaranteed mediocracy So over the past 5 years we've really tried to streamline the portfolio And definitively one of the things we spent a lot of time on is making sure our best start ideas are right sized One of the interesting things that when the investment world is a lot of times and I'm sure you see this the best ideas there's a limit to how much you can actually buy right They're not the capacity of them is not infinite So usually that's the constraining factor is the sheer amount available So for the large amount you're managing let's say it's 30 billion or something like that Do you have to try to get a certain rate of return every year Do you have a benchmark said we want to earn 9% 10% 11% a year or whatever it might be higher than that perhaps What is your benchmark you're trying to earn So the foundation this year the foundation will give away about $1.8 billion So we like to make enough money to fund their good work But I would say when it comes to targeting a return it can be a little bit dangerous because your opportunity set is not always equal And if you target a fixed return you'll take too little risk when the opportunity set is.
Bloomberg Radio New York
"ed baxter" Discussed on Bloomberg Radio New York
"This is Bloomberg best on Bloomberg radio I'm Ed Baxter And I'm Denise Pellegrini All right Denise we just heard a bunch of reasons why we should be worried about the economy from the CFO of Deutsche Bank We'll slightly more pragmatic tone is what we got though from Ed yardeni president of yardeni research Now he tells Bloomberg's Tom keen and Lisa Abramovich there's a lot to worry about but possibly no need to panic The key characteristic here is for the stagflationary environment that we've inadvertently walked into I mean we've had two years of helicopter money and that was the easy way to deal with the crisis of the pandemic But now we're paying the price for it with the higher inflation So I think that's the big difference The stock market can't have a tapering tantrum here and expect that the fed's going to respond because inflation is much more severe than the past three they bring tantrums And Jordan how will corporations adjust How do corporations adapt given these economic events Well look I know there's a lot of concern here that the risks of recession have increased And it certainly have increased In my mind they've come up from 15% before the war in Ukraine to 30% But one of the reasons that I'm not convinced yet that we're going to fall into recession here is the consumer sectors in a very good shape and to your question the corporate sector is in phenomenally good shape You know they raised over $2 trillion in the corporate bond market for that financial corporations have And they refinanced a tremendous amount of their debt at record low interest rates So as the feds raising interest rates here there's still plenty of liquidity left over from the past two years of helicopter money So you said that there's about a 30% chance of recession It's gone up since the start of the war In the U.S. and this year or is that through next year what's your time frame here Well I think you know if you asked me about Europe it's more like 50 60% the way it's going especially with this latest collection For this year For this year yes For the 30% I think it's more next year than this year the leading indicators are still at an all time record high telling us that there's no immediate risk of a recession Do you know the stock market certainly acting like it Well do you agree with Bill Dudley and some others that if this ongoing momentum continues that it will result in a more severe shock later on a more severe crash later on simply because inflation won't get contained and it will become more entrenched Not really I mean if you look at the history of inflation it doesn't just keep going up and up and up It's very spiky Even in 73 and 79 we saw these spikes in inflation And then they moderated You know the arithmetic of year over year percent changes is that when they are increasing at a very rapid rate compared to the past at some point the arithmetic starts to slow them down And I think we are going to see some moderation here in consumer durable goods inflation which has really been the heart of the inflation problem I think we're satisfying a tremendous amount of pent up demand Services have been relatively moderate The problem is within the services area the rent inflation for the next two years is going to be going higher So I think we're looking at higher for longer inflation And a completely unfair question but I want to synthesize the original Yale University study of fiscal economics which folks was literally a franchise of New Haven for decades We've got the mother of all fiscal stimuluses and then we bring it over to the monetary side almost Milton Friedman like to an inflation study What is your perspective of the duration of excess inflation given the fiscal impulse we've lived Well my forecast is higher for longer inflation but that doesn't mean it's not going to come down It's just going to mean that I kind of seriously I seriously doubt we're going to see 2% inflation anytime soon again not in the next 12 to 24 months But will it come down to three to 4% next year using the consumption deflator I think so Is that doable I don't mean to interrupt but this is critical that you're dining Can this nation can our viewers and listeners survive a sustained 3.5% inflation I think we may very well learn to live with it We've learned to live with COVID I think we're going to learn to live with three to 4% inflation But it's not necessarily something that's going to persist forever I mean that's sort of my outlook for next year And for the financial markets the stock market and the bond market just seeing a peak in inflation let's say by the middle of the year early summer would be very helpful As we talk about these big macro developments and this idea of the fed hiking rates I do go back to this case against Bill weng of archaic this idea of leverage in the system And this is unique and obviously he's being accused by the U.S. attorney's office in the southern district of New York of criminal acts but it does raise a question about what else is out there with respect to leverage whether we respect to our visibility How are you viewing that in terms of what we can expect in the upcoming months Well you know as we all know the Federal Reserve is so far increased the fed funds rate by 25 basis points and where the range of 25 to 50 basis points And yet the markets are already discounting that there's something going to break here when the fed really starts to move more aggressively and everybody expects it in the early May meeting that the fed's going to go and go ahead with a 50 basis point increase And the markets got this jitters like something is going to break and I see just I see like $3 trillion of extra liquidity left over from the past two years of helicopter money But the markets have their own agenda Well they don't need to be To take that a step further and do you think that the safeguards in place to avoid something catastrophic or some sort of systemic meltdown stemming from leverage really are secure enough to prevent that kind of action that perhaps people are taking the wrong lesson from previous times because this system is much safer Is that your interpretation Well at the risk of being dead wrong that is my interpretation that the system is more robust The banks are in great shape Corporations are in great shape consumers are sitting at a tremendous amount of M two and most of it is in demand deposits Look not everybody's well off and doing well I mean clearly inflation is eating eroding everybody's purchasing power But in terms of something breaking and the credit system I just don't see it I'm watching the junk bond yield to see whether that's going to signal some real serious problems And so far it's pretty calm And we're going back to Arthur burns inflation Rate moves 50 beef some people talk 75 beeps as well Did that work out the last time Well the burns environment of course is what we go to to look at the fed raising interest rates too little too late And then eventually Volcker came in in the late 1970s and just let it rip let interest rates go up to levels that cause the recession I mean we do know that recession is always bring inflation down But whether we can achieve a soft landing is the big controversy here I suspect that we either do or we get a real short and moderate recession Again because I think the system is relatively robust And that was Ed yardeni president of yardeni research with Bloomberg's Tom king and Lisa Abramovich And.
Bloomberg Radio New York
"ed baxter" Discussed on Bloomberg Radio New York
"Now You've got a bit more detail actually on Andrew baby His Bloomberg's Samuel etchen good morning Good morning Caroline I do and let's start with the banking England governor Andrew Bailey he says governments should be prepared to accept economic hardships as the price for forcing Russia to end its war in Ukraine What Russia is doing in Ukraine as a polling which is why I know that walked out It's appalling And I think it's important that they understand there should be no appeasement of Russia because we have to deal with economic problems as a consequence of what's going on We just roll our sleeves up and deal with those And that's the right thing to do Hard though it can be at times Speaking on the sidelines of the IMF meetings in Washington he delivered his strongest warning yet that the UK's escalating cost of living crisis may tip the nation into recession Bailey speaks again later today And here in the UK consumer confidence has plunged to the lowest level since the recession in 2008 Monthly reading of consumer confidence has dropped to -38 for the month of April The number a decline of 7 points on the month was well below the forecast from economists That leaves the outlook for personal finances and the general economy worse than during the depth of the financial crisis And as the war in Ukraine entered this third month the U.S. has confirmed its sending ghost drones to the country Bloomberg's Ed Baxter has the story Pentagon spokesman John Kirby says ghosts will work well in Ukraine In discussions with the Ukrainians again about their requirements we believed that this particular system would very nicely suit their needs particularly in eastern Ukraine And President Biden says the military help is very large The United States alone has provided ten anti armor systems for every one Russian tank that's in Ukraine Biden says help is on the way In San Francisco I met Baxter Bloomberg daybreak Europe Meanwhile the U.S. is sending Ukraine another $1.3 billion in arms and economic aid of the new package $800 million will go towards weapons And again here in the UK another investigation is going to be held into party gate Boris Johnson will face parliamentary ethics inquiries into whether he lied to parliament over the scandal Bloomberg's Charles capel reports MPs backed a labor proposed motion for the prime minister to be referred to a parliamentary committee to investigate whether he misled lawmakers over the events in his and other government offices during lockdown MPs approved the motion without a vote after their government abandoned its bid to delay it until after the police finished their own inquiry and an internal report was published Ministers found to have lied or expected to resign although there is little chance of Johnson doing so Still the inquiry undermines Johnson as he is on a trip to India and will prolong the uncertainty over his position In London Charles K four Bloomberg daybreak Europe And that's global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than a 120 countries I'm Samuel Etienne this is Bloomberg.
Bloomberg Radio New York
"ed baxter" Discussed on Bloomberg Radio New York
"Global news next We'll cross the Ed Baxter in the Bloomberg 9 60 newsroom the U.S. laying out what kinds of weapons it's going to send to Ukraine Ed what do we know Well what we do know is the latest technology Doug is called a ghost drone which Pentagon spokesman John Kirby says works a whole lot like the switchblade but is more suited for Ukraine although he's not going to give away all the secrets In discussions with the Ukrainians again about their requirements we believed that this particular system would very nicely suit their needs particularly in eastern Ukraine Kirby says it fits a terrain Yeah they're so one way attack drones is another thing we know And President Biden informally announcing the $800 billion neck shipment says the numbers well the numbers are big The United States alone has provided ten anti armor systems for every one Russian tank that's in Ukraine A ten to one ratio Yeah and Biden says our anti tank weapons and other tactical drones as well Meanwhile Ukrainian officials say it will take $600 billion to rebuild as it starts to seek global aid prime minister Dennis There are those of Ukrainian citizen communities that have been almost completely destroyed by the Russians fire Mario is just one example And Vladimir Putin here says he has ordered forces not to storm Maria polls saying it is surrounded and the Ukrainian forces will surrender within three to four days anyway And KCNA is reporting out that Kim Jong-un and South Korean president Moon Jae-in have exchanged letters We're getting some headlines up on the Bloomberg terminal I regarding Hong Kong Hong Kong to scale back on flight suspension threshold It's an SCMP report let's see that that is the one Okay we'll continue to follow that Los Angeles County has joined at New York and continuing to require masks and airports and on public transit LA times report Meanwhile White House spokeswoman Karen Jean Pierre says the DoJ is preparing the appeal to the Florida mask ruling right now.
Bloomberg Radio New York
"ed baxter" Discussed on Bloomberg Radio New York
"Garand for all of today's top stories Good morning Liam Caroline good morning and thank you European Union member states have agreed to ban coal imports from Russia the first time the blog has targeted Moscow's crucial energy revenues The sanctions package coordinated with the U.S. and UK also bars most Russian trucks and ships from entering the EU in the U.S. Congress has voted overwhelmingly to strip Russia of its normal trade status putting it in the same category as pariah states such as North Korea and Cuba a ban on imports of gas oil and coal also passed with bipartisan support Now Russia has been suspended from the United Nations Human Rights Council following alleged atrocities in Ukraine the U.S. says this is the first step as Bloomberg's Ed Baxter reports Secretary of State Antony Blinken says exactly the right move and U.S. ambassador to the UN Linda Thomas Greenfield says the body must proceed with investigation and punishment It's about the credibility of the UN Right now the world is looking to us They are asking if the United Nations is prepared to meet this moment Greenfield calls it an historic moment with work left to be done In San Francisco I'm at Baxter Bloomberg daybreak Europe Another knees and right here in the UK Chancellor Rishi sunak is asking the Bank of England to support the government's new energy plan including investment in North Sea oil and gas Bloomberg's Charles cable has more Where is she soon accrued to the Bank of England governor Andrew Bailey saying the financial policy committee should have regard to the strategy and its plans to invest in transitional hydrocarbons like gas sooner also sent similar letters to two financial regulators the PRA and the FCA The instruction to regulate his reflects growing concern about energy security in light of Russia's war in Ukraine The UK ramped up its plans to build new nuclear power stations and offshore wind farms in its new energy strategy announced yesterday The document also had targets on hydrogen and solar as well as measures to spur North Sea oil and gas projects in London Charles cape or Bloomberg daybreak Europe And finally in other news Shanghai has reported more than 20,000 new COVID cases for the past 24 hours making it the highest tally since the start of the pandemic The city is racing to create isolation facilities as it sticks to a policy of quarantining all those positive for the virus as well as anyone they've had interaction with almost 150,000 so far complaints are growing from residents about the strict nature of the COVID zero strategy in China Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in 120 countries I'm leann gerrans this is Bloomberg Caroline Thank you so much Lee and Gary and so with our top stories And you mentioned the lockdown in Shanghai Well I want to get some more details on this The rest of the world's moving beyond the pandemic but China is sticking to the COVID zero policy the situation in Shanghai is looking quite desperate Let's get some more details on the situation and our Bloomberg reporter Allen one is with us Alan I'm sorry to say that you're actually living through it in terms of the lockdown in Shanghai How is it Are there any signs that it could be ease and just how bad are the reports Because there are a lot of worries about food and medicine and people getting what they need No I mean it's pretty bad to be honest with you And the worst thing is getting food I mean how is it possible in a city that plenty that was struggling to get food you know And one of the reasons why in my case you know I was told my strict lockdown was last 5 days And now we're in day 7 And it was supposed to end on Tuesday but now it's going to sit indefinitely given the right number of cases Like you've heard more than 20,000 a day now I'm obviously hoping this lockdown is going to end soon but I've got to say all the signs are pointing in the opposite direction I mean you Shanghai is a building with a lot more quarantine facilities There are a transformative conference centers into these huge temporary hospitals It's a conscripting neighboring provinces to create isolation facilities and turning some of these swanky hotels and judging province which is next door into isolation facilities for hundreds of thousands of people I'm not just saying this place but just in general So I mean these are all the signs that the government has committed to COVID zero And today you got people's daily saying you know it's a thing the policy seem to cope with zero is essential to a single lives and keeping the economy going So all sorts of not using that it's COVID zero or bust Yeah I mean and it's quite alien to us in Europe because although we had terrible pandemic across European countries we didn't separate people out into kind of isolation and isolation facilities as China is doing What is the economic impact though Alan as you say normally normally a vibrant very busy city I mean the economic impact that's partly drove the decisions here in Europe Yeah I'm not going to give you all kinds of grim looking economic forecasts But I think what I think is impacts are going to be on the consumer side basically no one is traveling of course But no one can buy anything You can't get anything delivered And that's why we're not even getting food delivery Groceries delivered So I mean it's going to have a big impact on consumption And of course that's becoming a more important part economy And then also on the supply chain as well I mean that's the door is of course not just a Shanghai but around the world And I mean that's going to filter to the global economy Maybe you're more inflation But the main factor is a little bit mixed You've got some big companies especially oil makers Implementing that Olympic style closed loop system right They keep the workers inside their factories But what's it all mean It means that government is going to have to do a whole lot more stimulus you know And you can be seen in an accelerated timetable for cuts and reserve ratios interest rates and other incentives to boost the most consumption especially once the pandemic ends Alan also this is a very important year for Xi Jinping This is a massively important issue surely for for government For sure Towards any year there's an important meeting which will supposedly give Xi Jinping another term and so one of the things they're hoping to achieve is stability And it's hard to have some Billy when the economy is tanking So that's a lot of pressure.
Bloomberg Radio New York
"ed baxter" Discussed on Bloomberg Radio New York
"Who has today's top stories morning Leanne Caroline good morning and thank you European Union member states have agreed to ban coal imports from Russia the first time the blockers targeted Moscow's crucial energy revenues the sanctions package coordinated with the U.S. and the UK also bars most Russian trucks and ships from entering the EU in the U.S. Congress has voted overwhelmingly to strip Russia of its normal trade status putting it in the same category as pariah states such as North Korea and Cuba a ban on imports of gas oil and coal also passed with bipartisan support Now Russia has been suspended from the United Nations Human Rights Council following alleged atrocities in Ukraine the U.S. said it is the first step as Bloomberg's Ed Baxter reports Secretary of State Antony Blinken says exactly the right move and U.S. ambassador to the UN Linda Thomas Greenfield says the body must proceed with investigation and punishment It's about the credibility of the UN Right now the world is looking to us They are asking if the United Nations is prepared to meet this moment Greenfield calls it an historic moment with work left to be done In San Francisco I'm at Baxter Bloomberg daybreak Europe Here in the UK Chancellor Rishi sunak is asking the Bank of England to support the government's new energy plan including investment in North Sea oil and gas Bloomberg's Charles capel has more The Bank of England governor Andrew Bailey saying the financial policy committee should have regard to the strategy and its plans to invest in transitional hydrocarbons like gas sooner also sent similar letters to two financial regulators the PRA and the FCA The instruction to regulate his reflects growing concern about energy security in light of Russia's war in Ukraine The UK ramped up its plans to build new nuclear power stations and offshore wind farms in its new energy strategy announced yesterday The document also had targets on hydrogen and solar as well as measures to spur North Sea oil and gas projects in London Charles gave all Bloomberg daybreak Europe And here in London metal traders are still reeling from the historic squeeze in nickel a month ago investors at the exchanges warehouse across the 6 main contracts on the London metal exchange have plunged to the lowest on record in data going back to 1997 That was increasing the threat of further spikes than everything from aluminium to zinc Zinc inventories have plunged as Trafigura booked out large volumes of nickel itself remains at risk of a further turmoil Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries I'm Jan guerin's this is Bloomberg Caroline Thank you so much I go into our top stories this morning Now to one of our top interviews a conversation with the financial conduct authorities CEO Nikhil rati he joined Francis LaCroix for a conversation and offered details about this new three year regulation strategy There's been announced by the FCA It includes action that the regulator is taking actually against big tech names like Twitter and meta when it comes to fraudulent ads in the UK But first of all shared with francine the biggest challenges that he's actually faced in his well since taking over at the FCA in 2020 There's been a.
Bloomberg Radio New York
"ed baxter" Discussed on Bloomberg Radio New York
"Joe Biden is in Brussels today to meet with European leaders the G 7 and NATO the alliance will consider a packet of new sanctions it once placed on Russia Bloomberg's Ed Baxter has the story Here in the UK taxpayers could face billions of pounds in costs if the government ends up nationalizing a unit of Gazprom that supplies about a 5th of the country's commercial gas Sources tell Bloomberg that temporarily running a Gazprom unit that provides energy to the national health service would cost about 4 billion pounds That's because the company's hedges won't be passed on forcing the government to buy gas and electricity for customers and current high prices The government is preparing to step in as the units known as Gazprom energy comes under pressure from customers turning their backs on Russian businesses over the war in Ukraine The Ukrainian military have pushed back Russian forces east of Kyiv from the city center That's according to a senior U.S. defense official Meanwhile there are reports that Russia's Central Bank governor wanted to resign after Vladimir Putin ordered an invasion of Ukraine only to be told by the president to stay Global news 24 hours a day on our end at Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries This is Bloomberg Caroline Thank you so much Laura for our top stories this morning So let's talk about the U.S. reaction then to Ukraine and give you some more details on that with one of our top interviews The U.S. commerce secretary Gina raimondo says that the U.S. is prepared to intensify sanctions against Russia if president Putin continues to impose warfare on Ukraine Now speaking to putting both Jenny Leonard on the Bloomberg equality summit raimondo also said that China will face dire consequences if it aids Russia We are preparing what might come next both from treasury and commerce in terms of escalation However we always knew from the beginning that the power of sanctions and export controls takes time And you're starting to see that It only a few weeks So for example you're seeing Airplanes not being able to fly air flat planes not being able to fly in Russia because they can't get the parts to fix the service the planes You saw just a week ago Putin essentially commandeered all of the private planes in Russia to for their spare parts You see companies shutting down a lot of shutdown and manufacturing facility just yesterday Morning manufacturing facility shut down So I think it's as much about staying strong and being vigilant on enforcement and keeping the coalition strong and tight over time You know if he's struggling at that level after a few weeks imagine where he'll be in a few months So I think that's how I think about it Yes we're thinking of what's the next piece of escalation But I think we just have to stay strong and vigilant and a tight coalition and focus on enforcement because he's already feeling pain and every week that will intensify On enforcement we've heard pretty strong warnings including from you that the Chinese who are reportedly considering bailing out Russia here you know might actually take that step In that regard do you have contingency plans in place for secondary sanctions against the Chinese just to be ready for those to be implemented immediately Should they actually go down that path We have scenario We are planning for every scenario obviously Which we have been doing for months So of course we're doing all the scenario planning That being said President Biden was crystal clear president Xi last week that there will be consequences for China if they do that And I would say this isn't just about China For export controls what I'm working on we are very serious about this We are going to use the our tools civil and criminal penalties to the fullest extent necessary against any company in any country that we find violating these export controls So that was the U.S. commerce secretary Gina raimondo there on U.S. sanctions now in terms of also what she was mentioning China's role here Biden's national security adviser Jake Sullivan has said that there is no sign that China is supplying Russia with arms for the war in Ukraine But NATO has estimated that the number of Russian soldiers killed so far between 7000 and potentially as high as 15,000 Russian soldiers actually killed in the fighting so far The U.S. has accused Russia of committing war crimes in Ukraine a statement from Anthony blinken saying that they've destroyed apartment buildings schools hospitals critical infrastructure and more This of course is President Biden arrives in Europe to bolster the NATO alliance and emergency NATO meeting we're expecting several press conferences throughout the day or so emission of the G 7 and EU leaders So we'll have much more coverage on the war in Ukraine throughout the program But also coming up next on daybreak Europe So after the statement from the Chancellor in parliament yesterday the spring statement on the budget sort of mini.
Bloomberg Radio New York
"ed baxter" Discussed on Bloomberg Radio New York
"At IBKR dot com slash global Schrader Up first an update on talks from Russia the Kremlin says a neutral Ukraine with its own army is a possible compromise option The announcement comes amid continued to shelling in Ukraine and negotiations happening today between Russian and Ukrainian leaders Meanwhile President Biden expected to announce more than $1 billion in Ukraine military aid today Bloomberg's Ed Baxter has that story This will come from the 13.6 billion in aid that was passed by Congress and will provide anti armor and anti air systems that include javelins and stingers as well as Secretary of State Antony Blinken as saying it will complement the humanitarian aid already being sent This comes as Ukraine's president volodymyr zelensky is scheduled to address Congress today in San Francisco I'm Ed Baxter Bloomberg daybreak And thank you staying in Washington and interest rate high coming from the Federal Reserve for more years Bloomberg's Vinny del giudice Economists say the fed will raise its benchmark interest rate by a quarter point the first rate increase since 2018 U.S. inflation is running at the highest levels in four decades and gradual tightening will probably continue Bloomberg economics as in more normal times such inflation data would support a larger fed rate increase a half point increase Any delta Bloomberg day break All right thanks Vinny Another fed note President Biden's nominee for fed vice chair of supervision Sarah bloomer asking withdrew her candidacy after West Virginia senator Joe Manchin said he would not support her And turning to markets now John U.S. futures and European equities are higher in China's hang seng index gained 9% after the country vowed to boost financial markets and stimulate economic growth Now to COVID Pfizer asking U.S. regulators to approve a second coronavirus booster for seniors with the latest live Here's Bloomberg's ready to young Good morning radio Good morning John Pfizer says Israel already started offering a fourth shot to older people and healthcare workers last year and the data shows the fourth shot given at least four months after the third reduced the rate of infection and severe illness that's compared to those with one booster Live in New York I'm renita young Bloomberg day break All right ready to thank you And that's the 5 things you need to know to start your day brought to you by interactive brokers Again S&P futures higher up 55 points this morning and straight ahead your latest local headlines plus a check of sports and this is a Bloomberg All right thanks Karen 6.
Bloomberg Radio New York
"ed baxter" Discussed on Bloomberg Radio New York
"News Hong Kong may be on the road to mandatory vaccination let's get to Ed Baxter in San Francisco with the details edge Oh yeah this breaking on Bloomberg television actually Juliet the man who is Carrie lam's chief adviser Bernhard Chan on with Bloomberg Steven angle says the growing number of cases threatens the healthcare system and that the population needs to get vaccinated now The so called 80% of Hong Kong got vaccinated already They felt unfair to them They done everything they can and yet they're still being penalized just like everyone else So I think you're right I think in fact the announcement yesterday is pretty much almost like an ultimatum now because by the end of this month by 24th of this month most places will require vaccine paths So short now on mandatory but he did say ultimatum didn't he If we open up now I bet our entire healthcare system will overwhelm with a lot of patients So we can't afford that But he says Hong Kong has to open up to the world at some point so in the interim of vaccinations some of the toughest measures yet on social distancing and Steven engel says a limited on outside gatherings Right now the new restrictions include public gatherings will be reduced from a maximum of four people down to two people that doesn't sound like a gathering to me Sounds like two people taking a stroll down the street in the world's most densely populated neighborhoods obviously also private gatherings will be reduced to just two families The big questionnaire is how will that be policed and enforced Yeah expand the list of venues limited to those who are vaccinated shopping malls Food markets hair salons as well the government will limit gatherings in private homes for the first time to two households French president Emmanuel Macron on his Russia Ukraine visits today meeting with Ukrainian president Vladimir zelensky tonight with German Chancellor Olaf Schultz yesterday with Russian president Vladimir Putin But today to what end Well it's unclear as doubt is being cast on a crime saying he was assured of no invasion of Ukraine Bloomberg quick takes Rosalind Matheson We had the Kremlin coming out and by and large pouring a bit of cold water onto that saying of course that there was no assurances really given to the same extent And Ross says the EU countries are working on sanctions but they have not released any detail and that may be a tough nut actually because all the countries have to agree plus a sanction boat is not clear in the U.S. either a Senate minority leader Mitch McConnell is said that the president needs to do it and not Congress In San Francisco I'm at Baxter this is Bloomberg All right Juliet All right thank you Ed Let's get now to Andrew Ferris tree's chief strategist at uk asset management on the line from Hong Kong Andrew hopefully You've got your words together better than I do this morning So much to talk about But given that you are in Hong Kong and this is kind of one of the main stories that we are covering this impact of dynamic zero COVID zero whatever you want to call it you're saying that this is still a major concern on the outlook for the global economy Very much actually because the notion that some economies like UK like Austria to some extent but some extent France and Italy are leaving with COVID There's nothing has gone away And the fact that the only current happens should be relatively mild does not mean that the next author of the month by call it might be much more serious So it aimed over And I'm afraid it will not be on the even when the fat lady sings Because I think it's completely unpredictable And it is what we saw I guess at the end of November when on The Crown kind of came out of nowhere and disrupted a lot of people's plans as we thought we were perhaps getting out of it It's starting to take quite an impact too on the global economy when it comes to China itself Is there a concern that if it does ditch dynamic zero COVID zero whatever you want to call it then that could actually further complicate things for this economy because the fact that it's held a lid on it within its own country means that factories have still been able to produce we've still been able to get goods that we need Well yes In a crazy way actually despite the fact whatever everybody thinks but I'm afraid I don't And I basically in fact China is not It is not dependent on experts Okay China is economy is driven by investment and consumption Thirdly and even further down the line is driven by net exports So China doesn't really need to export and still grow at a relatively good pace China however does expert and of course also it does input So to the extent that it is a relatively self sufficient economy the fact that they have locked down has become a kind of insulated completely regime and country does not mean that its economy can not does not and will not work Another more let's say optimistic on that And are you optimistic on the equity market too We saw some state based funds getting into the market yesterday the CSI 300 was in a bear market in January things potentially going to be a bit easier for investors in China in the latter part of the year given as well we've got this easing policy from the PBS scene Well my God you make me sound like an economist And I hate this So the extent that the Chinese equity market also is part of the global market does that mean that it only takes the Chinese investors to feel okay And we are back at the races It does mean that everybody else buys the story that China can be isolated and still can work basically okay All right So I don't want to jump to the conclusions That's why for example the Chinese authority stepped in and bought they do it occasionally But let's say it was not it was not an unlikely step for them to take All right when we continue let's get more of your thoughts on not only moves.
Bloomberg Radio New York
"ed baxter" Discussed on Bloomberg Radio New York
"I'm Ed Baxter and I'm Denise Pellegrini Ed and sarnath is one of the most powerful executives in the entertainment business right now Now she's chair and CEO at WarnerMedia studios and networks group And she tells Bloomberg's Lucas Shaw the film business is still trying to recover from the pandemic So here she is at the Bloomberg technology summit It is a work in progress You know everyone was hoping we would be on the other side of the pandemic by now but unfortunately with Delta and acron we were kind of having to live with it for a while longer But thankfully people are going back to theaters not everybody but certain demographics certainly are showing more of a willingness But for us to really get back in full swing we need the broader spectrum of ages and tastes to go back to the theater Who are those who are more willing and who are those who still seem to be resistant Probably you would guess the answer to that but it tends to be younger people and I'm going to say below 35 As youngish and the opposite over 35 we're not seeing as much of an inclination to run back to theaters But certain movies we think they will come back but I think it's going to be a gradual thing where people have gotten used to because of the pandemic And because of trends that were happening before the pandemic with amazing content now being delivered in the home And high quality content And bigger screens And then the pandemic kind of accelerated the needing to sit on your couch and not being able to go anywhere So I think that's the biggest competition of the theatrical the exhibition business is sitting in one's living room and having that content be good enough So you have to compel we all have to compel we the theaters have to compel people to come out you know buy the tickets enjoy the popcorn head out with the family and watch movies again on the big screen And it is no surprise that the movies that tend to get people out of their homes are the big action adventure movies superhero movies certainly horror movies people tend to like to be scared together Not me personally but that is a thing So those genres are doing well and better than others but I really hope it goes beyond that Is it possible you talked about the mix of people who will and won't go Can you release one of those big $200 million movies right now Justin dieters and expect that you'll make money from it We are about to start doing that in 2022 As you know we stated that we would go back to an exclusive theatrical window 45 days with our 2022 slate And we're certainly hoping to again we're coming out of COVID but a little bit of a Hubble stuff But we hope that as people get used to going to theaters go to one movie then that gets them to go to another movie We hope that we can And of course it's not just the theatrical It'll be kind of the whole value chain if you will of monetizing the movie and overseas We've got a bit of a patchwork of people in theaters people not in theaters So as a whole we're hoping by next spring when we have The Batman release that will be in much more of a full attendance situation Given a Macron and just have this seeming drift in the pandemic it seems like cases are spiking again and a lot of the world Have you guys given any thought to revisiting that plan for next year and because this year you guys were the studio that really put your stake in the ground and say we're going to release all of our movies at home and indeed is at the same time It was a very controversial decision It now looks rather prescient Was there any thought of extending that to next year Well in terms of background of how we got to the strategy for 21 we had released a big $200 million movie in the pandemic summer of 2020 Christopher Nolan's tenant And we're actually quite pleased with the results We had 363 million of box office and the pandemic was making everybody kind of wobbly New York City in LA were not open markets So to actually launch a big feature movie in markets that didn't include New York and LA was quite old but and also to get that box office result was very successful But then as the year went on 2020 you remember we got the cold in certain parts of the country and people started spending more time indoors and then we got the rebirth of COVID And so looking at 17 movies that we had ready for 2021 first starting with Wonder Woman 1984 we just didn't see honestly a way to put them in theaters only Because there was just so much up in the air So we decided to put those movies in theaters and on HBO Max day and date in the U.S. for 31 days The rest globally in theaters where they were open Sometimes theaters weren't open So we put them on premium VOD And you've been listening to end sarnoff.
Bloomberg Radio New York
"ed baxter" Discussed on Bloomberg Radio New York
"These headwinds in blueberries Good morning Good morning Caroline Boris Johnson's sudden U turn over Owen Paterson is riling some of his backbenchers who we're told resent being forced into a plan they knew was unpopular Patterson resigned after the government backtracked on its vote to block his suspension and overhaul the MP's standards watchdog commons leader Jacob riis mock hinted at why Last night's boat has created a certain amount of controversy It is important that standards in this house are down on a cross party basis Labor will put up a candidate for the by election after opposition parties discussed an independent anti sleaze candidate In the U.S. the house plans to vote today on president Joe Biden's $1.75 trillion economic package and a separate infrastructure Bill The vote follows months of intra party tension and last minute negotiations by speaker Nancy Pelosi approval of the infrastructure measure which already passed by the Senate will send it directly to Biden's desk Also in the U.S. the Justice Department has filed a lawsuit against Texas regarding voting rights Bloomberg's Ed Baxter has the story Justice says they are restrictive This is the legislation passed in September the DOJ says a legislation improperly prevents voters from getting assistance when they have basic questions or need help with things like translations Assistant attorney general Kristen Clark said in a statement restrictions on which absentee ballots can be accepted are unlawful and also indefensible Texas governor Greg Abbott said the legislation helps ensure confidence in elections In San Francisco I'm at Baxter Bloomberg daybreak here up And in the post Brexit fishing spat France has praised the latest round of talks with UK Brexit minister David Frost Paris says the size are keeping dialog and options open but a solution over fishing licenses has yet to be found talks will continue next week Global news 24 hours a day on air and Don Bloomberg quick take power by more than 2700 journalists and analysts in more than a 120 countries I am a George This is Bloomberg Anna Hannah thank you very much for that Now still ahead on Bloomberg daybreak here at time to check the toolbox the U.S. might need to tap its emergency oil stocks after the OPEC plus decision fell short of its supply requests We'll have the full story for you OPEC deciding.
Bloomberg Radio New York
"ed baxter" Discussed on Bloomberg Radio New York
"Ed Baxter is in the Bloomberg 9 60 newsroom in San Francisco focused on Moderna. Yeah, that's exactly right, Doug. New research shows it's vaccine does protect against the Delta variant, the company says as well. It produced antibodies against all tested variance, Doctor. A mesh Adalja with the Johns Hopkins School of Medicine. Bloomberg School of Medicine says This doesn't mean that there will be no new cases but will prevent the severe ones. What we're trying to do is make it like another respiratory virus that we deal with year in and year out that causes some hospitalizations that causes some deaths. But it's something that we're able to handle much better and I think that's where we have to go, is moving away from that covid zero idea. But Dr Adalja says people have to get vaccinated and Bloomberg's health reporter Michelle Cortez, with says without high vaccination levels, But the bottom line is that we do not want to have this virus continuing to certainly, and as long as we have people who are unvaccinated and vulnerable, we will have this virus, Michelle says. Some areas of the US South, for example, have Only 20% vaccination rate. India's drug regulator is cleared Madonna import Some details still have to be worked out things like Indemnity. Japan's government is planning to extend its strong virus measures even further getting into the beginning of the Olympics. New York Welcome ranked choice Voting. Today's data dump shows the race tightening dramatically, with Eric Adams now holding two point lead over Katherine Garcia. Last week. The lead was nine points, Garcia past Maya Wiley, and there's still 125,000 absentee ballots to be counted. So there is a path forward for Garcia. But the caveat there is that most of those absentee ballots come from districts where Adams was leading a top U. S military commander in Kabul says the country could slide into civil war and face very hard times unless Taliban factions are controlled. And regarding the raids of Iranian supported strongholds by US drones. Earlier this week, State Department spokesman John Kirby said today. It definitely had to happen. Clearly These attacks were ongoing and so These strikes were designed to get Specifically at the kinds of threats that were coming at our people. Kirby says Iran's militia needs to stop its attacks, Japan's number two defense official laid out the increasing threats he feels from unseeing from a more assertive China. It includes longer range missiles, more frequent airspace incursions. Yeah, so he D Nakayama, saying that's already possible for them to hit the U. S coast in the White House. He also says The moves on Taiwan are of great concern, and the seaside Florida condominium collapse now has 11 confirmed deaths. Still more than 150. People unaccounted for. Now there is still concerned about the sister building to that of the one that collapsed. Miami Dade mayor. For example, Daniel Levine. Cava says that concern.
Bloomberg Radio New York
"ed baxter" Discussed on Bloomberg Radio New York
"I'm Ed Baxter, This is Bloomberg are Brian. All right. Thanks very much is 22 minutes here before the top of the hour time for global sports. Dan Schwartz was looking at the Europa League final. Wow, coming down to penalty kicks and the winner is well, how about this? Brian Villarreal has won. The Europa League came down on those penalty kicks, They knock off Manchester United, 11 to 10. As goalkeeper Dobby. The hair is stopped on his penalty, attempting Gdansk, Poland after a one all regulation extra time Legal club wins their first trophy since 2000 and four on Manu Street cannot take it. Home Hardware reaches four years a lot going on with managers. How about this shocker? Brian coming out of Syria into Milan manager Antonio Conte has left the club less than a month after locking up the league title for the first time in 11 years. Reports a county was not happy that into is going to cut 15 to 20% off their wage bill by selling players. Reports coming out of Spain say that Jenna Dean's Adana has in fact, resigned as Real Madrid manager he was contemplating his future but apparently has confirmed the move to Madrid's board. Meanwhile, reports coming out of Spain say that Barcelona is thinking about Belgium coach Roberto Martinez as an alternative to Ronald Koeman if Barsa decides to go in a different direction. At manager and how about this With less than two months ago before the start of the Tokyo Olympics, Japan's second largest newspaper Asahi Shimbun has called for the cancelation. The games to pay for the daily circulation close to seven million between this morning and evening editions, is also a sponsor. The upcoming Olympics real quick, a celebrity golf match has been announced featuring PGA Championship winner Phil Mickelson. And Tom Brady taking on bracing the Shambo and Aaron Rodgers on the enforcement. Macha Bloomberg World Sports Update We shot All right. Thank you very much. Indeed. There for that. We are looking forward to the start of the session, looking at the positive risk positive theme from US equities. Perhaps overnight. Maybe that's something that the agent can pivot off on this Thursday morning. This is Bloomberg. But I know about current economics. All this doom rumors out there finding you see, this is a technical correction. Investment. What are you looking at, to give you some sort of compass Through this period? The Bloomberg surveillance podcast lots and lots of talk about what the Fed should and shouldn't do. Tom Keen, Jonathan Farrow, Lisa Abramowitz and the names that shape the world's markets. You speak with Professor Schiller of Yale University Bloomberg Surveillance. Listen today, and Bloomberg calm the Bloomberg business half or subscribe on Apple podcast. The world's financial.