18 Burst results for "Edward Evans"

British fishing industry at risk due to Brexit and Covid 'double whammy'

Bloomberg Daybreak Weekend

04:58 min | 6 months ago

British fishing industry at risk due to Brexit and Covid 'double whammy'

"It's said to be a difficult autumn for the UK Trying to deal with the pandemic and reviving the economy is the Brexit deadline looms. Michelle Bonnie and David's Frost continue talks over a trade deal next week. But the blame game risks drowning out any space for agreement. Well, joining us he's Bloomberg Brexit editor Edward Evans, Ed Way feels like we've been here before. Many, many times. If I talk about the 11th hour that both sides are accusing each other of intransigence, belligerence, all kinds of things hopes of the deal. Are they just really fading into the distance now? I would separate the fears from the actual underlying state. The negotiation as they say right would certainly being here before, but there is a very real sense of pessimism among the negotiators, and that's really Down to the simple back. The time is running out. They need to get a deal agreed by about mid October. If they're to implement it. By the end of the transition period on December 35, there's being remarkably little, frankly, no progress. From the major bones of contention to build a really big dick points here are over the level playing field. This is the British demand that it be free to be able to subsidize industries that it wishes to after Brexit something that you Jews threatens the integrity of the single market on this is a very, very fundamental Disagreement on fishing where you want to continue the status quo. Where under the single official policy looking boat out fish in British waters now wouldn't want government is that I want to take back control over its waters after leaving and that means I have no negotiation special negotiations of several years. It's fishing is to some extent solvable. You can see Barney put forward place, often the use position on that side of the big obstacle, and it really is a fundamental difference. Disagreement. Is over state if they're going to break that one side or other has given that really looked to be biased on British put out in the next few days, weeks their proposals with British regime after breaks it on now, that might be the moment. Relation or it might be the moment where you going? Proposal is unacceptable to Europe, and that's the moment where these talks break down, so it's very, very evenly balanced right now. Interesting. I do feel like tearing my hair out Those certainly when it comes to the fishery side of things, I mean the state aid point I can understand because it's the Europeans say that it is fundamental to the structure of Europe. But fishing. I do not understand why fishing rights have caused this amount of trouble. There are currently ous faras I can make out from government figures. 12,000 fishermen active in the UK almost 2.5 1000 of those are part time fish, API fishermen, fishermen and women, Fisher people if you will. I just don't get why this issue. I understand where a maritime nation and our coasts and regions are important. But why has this become a sticking point on, for example, services and financial services of it basically ignored Two things. I think it's totemic to both sides. Don't forget fishing was a big issue but join the single market birthplace on some in the industry argue that they were thrown under the bus, essentially so that London financial Services could get access to the European single market Equally for the French and the Dutch. You know, this is some of the best fishing waters in Europe that they want to can't go on catching And there are very riel on economic hardships in prospect if they can not go on doing that. So there's a political domestic political imperative on French, in particular to press this issue on on the British as well, because this is an industry that has shrunk of those part time fisherman 30. Lot of that is to do with the closures on how they've been allocated. He sold them, But this is what I have seen enormous trick it over over the time. And this was an industry that very strongly backed Brexit so you can see why it is it is very small, economically politically assumes much greater importance. But that said Do not underestimate the possibility here off a deal because you know it is But you could see Bonnie has accepted said that you initial demands on this wor maximalist eye. They were going to far on dearest escape here to come to the wedding but are not talking about excluding Frank fishermen or U boats from British waters but allowing them access of bi annual negotiations or multiyear negotiations. So you can see how a compromise could be reached. That just what they got to get that

Europe Bloomberg Brexit UK Michelle Bonnie Edward Evans Brexit Editor Barney Ed Way Frank Official London Financial Services David
"edward evans" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

04:23 min | 2 years ago

"edward evans" Discussed on Bloomberg Radio New York

"They included GE Coca Cola, Facebook and EBay, and that's a Bloomberg business flash. Now, here's Michael Barr with more on what's going on around the world. Mike. Call Jaren President Trump plans to sign an executive order that would remove the right to citizenship for babies of non citizens and unauthorized immigrants born on US soil. That's according to remarks from the president made in an interview with axios, President Trump, and the first lady will travel to Pittsburgh today to meet with people who responded to the synagogue shooting and with community leaders a gunman killed eleven people when he walked into the tree of life, synagogue and opened fire. The White House says the president's daughter, Ivanka and her husband Jared Kushner will join Trump on the trip on Monday night football. The patriots down the bills twenty five six in the NBA. The Knicks beat the nets the warriors one global news twenty four hours a day on air and a tick tock on Twitter powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries. I'm Michael Barr. This is Bloomberg. Nathan, Michael, thank you. We're live from the Bloomberg. Interactive brokers studios were coming up on a five forty nine on Wall Street time to check in with Bloomberg. Opinion. That's our platform that offers informed perspectives on a range of global topics expert, data driven commentary on breaking news. We're joined live with Bloomberg opinion. That's our platform that offers informed perspectives on a range of global topics expert, data driven commentary on breaking news. We're joined live now in our London bureau by Edward Evans. Bloomberg opinion, managing editor good morning. Ed Britain's hottest stock falls back company. That has really used the roll up strategy to expand over recent years now in a trading update time to coincide with its inaugural. Four hundred fifty million euro bond, offering Victoria, warm that margins are being squeezed in the UK and continental Europe. These are markets where it had spent heavily over the past twelve months to acquire several tile companies investors recoiled sending stop down twenty five percent. The shares are now down almost fifty percent from their peak in may among the losers Invesco. The money manager had lifted its stake in the company to almost twenty percent over the past year by contrast on the shortsellers to increase their bearish bets against the company. We are all sitting pretty the problem. Here is really the strategy as as with markets as volatile as they are companies that rely on debt ever inflating stock price to fund deals need to execute flawlessly and hope the economic fundamentals don't trip them up if prophets disappoint. Investors can start to doubt the wisdom of these roll up strategies, and then run swiftly for the exits and Victoria here is a case in point. It has more than a dozen businesses since two thousand thirteen all part of an idea to diversify its footprint in its products. But this isn't flooring isn't a high growth business. And so the more than six thousand percent return, the companies generated for shareholders always felt a little incongruous here. All right and talking about commentary on breaking news. Alex webs already weighing in on the new tech tax that you chancellor of the exchequer Philip Hammond. Just announced he's calling it both pointless and essential. How's that square political grandstanding because it is called the proceeds in substantial because they will be but the Levy announced on. In the budget will be an important step to ensuring that the tech industry is taxed effectively to recap the government's going to introduce a Levy from eight four twenty twenty that will apply to the digital services offered by tech companies make revenue of at least five hundred million pounds a year in short people like Facebook and Google the problem here is that the tax system hasn't been able to keep pace with many of the way, the many of the biggest companies make their money tech firms have been able to allocate where they book prophets in the most attacks advantage attacks advantageous way to them depriving, governments of billions of pounds of gravity, and the government response has been slow the has been working on this issue for five years, but even say the fruits of its efforts aren't gonna be unlikely to be born before twenty twenty when it promises to deliver a final report and implementing any proposers will take several more years now a multilateral solution. Would of course, be much better scattergun approach by individual countries means that companies could be taxed on the same income twice. But Hammonds unilateral action. If it sends. Silicon valley's lobbyists six Capitol Hill demanding international accord, then so much for the better Bloomberg opinion, managing editor Edward Evans. Read more of these and other stories at Bloomberg dot com slash opinion, on the Bloomberg terminal type Opie, I n go Karen. Well, Nathan is five.

Bloomberg President Trump Michael Barr Bloomberg dot Edward Evans Facebook Nathan managing editor Victoria president GE Coca Cola US Mike Knicks NBA Pittsburgh Philip Hammond Interactive brokers Twitter EBay
"edward evans" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:28 min | 2 years ago

"edward evans" Discussed on Bloomberg Radio New York

"Thirty Wall Street time. At ten. It's consumer sentiment from the university of Michigan. That's a Bloomberg business flash. Now, here's Michael Barr with more on what's going on around the world. Michael Karen, Senate Republicans are plowing forward with a committee vote today on Brad Kavanagh's nomination before the Senate Judiciary committee. It comes after an extraordinary and highly emotional day of testimony over allegations he sexually assaulted Christine Blasi Ford when both were in highschool both said they were one hundred percent certain in a dispute that could decide is confirmation to the supreme court. The committee vote remains closed with the full Senate could start voting over the weekend. Baseball's regular season is winding down the Yankees and Mets one Thursday night NFL action. The Rams beat the Vikings thirty eight thirty one global news twenty four hours a day on air and a tick tock on Twitter powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries. I'm Michael Barr. This is Bloomberg. Bob, Michael, thank you. We are live from the Bloomberg interactive brokers studios. Worried is now five forty nine on Wall Street time to check in with Bloomberg opinion our platform, offering informed perspectives on a range of global topics and expert, data driven commentary on breaking news. We're joined live now by Edward Evans. Bloomberg opinion editor in our London bureau. Edward good morning. Welcome. Mark Gilbert's focus this morning is Italy, which he says just called it bond investors, and he sees this as a replay of Greece. Indeed populist euro-zone government playing faster news with its budget deficit. A surge in bond yields we've seen this before in Greece. Now, we're getting it again in Italy. Now the script the cost may have changed. The script remains the same high deficits, we ca- credit worthiness. And a bruising lenders that try and ride out the term late last night. We got a budget agreement out of Italy's coalition government. They set the target for next year's deficit a two point four percent of gross domestic product, that's more. Than the two percent. Limit finance minister Giovanni three hours set to be willing to tolerate but higher not an high enough to ensure pushback from the European Commission. Now, it's not the deficit number in itself that spooking bondholders still less than the three percent demanded by demanded of your members more. Worrying is the politics is the FIBA political background to this budget proposal. Also includes basic income for the poor tax cuts a reversal previously announced plans to raise the retirement age. And then there's also concerned that the deputy prime ministers bath, your Salvini, Luigi dot de mayo will continue to buy new populist projects that will need funding and that will test the patience of their finance minister. And it's not clear, of course, if he's going to stay or go that's becoming something of apology minutely, if he does go train would prompt another rerating of Italy's credit worthiness. And it would not be for the better one thing to point out. Here is the timing. Don't forget Italy's newfound appetite for increased government spending comes just as e c b is planning. To withdraw some of its support from the government bond market. It of course is halting sovereign debt purchases by the end of the year. So watch out at current levels at least ten year yield debt Liles about two hundred sixty five basis points more than German counterparts. We may well see that spread going wider. If we see more tussles between the government and its finance minister. Okay. And talk about spinning up to speed as fast as an induction motor Liam Denning notes that securities and Exchange Commission what zero sixty at a very fast pace to complete its investigation and hand, Elon Musk. It's Bill protest loose opposed secured funding. Yep. It took just fifty one days for the SEC to sue Elon Musk about his famous August tweet storm even in the dry pages of a of a complaint. There are flashes of humor. But the regulators lawsuit again raises this question of why must kicked off this bizarre episode in the first place, and it underscores the lack of oversight. At this car maker in the complaint. The SEC Kohl's from us to pay civil penalties Ambi barred from being an officer or director of a public company, and it's this bit that should really spook. Tesla bulls given how intertwined Musk's with the company's wider identity. The start about twelve percent in after hours trading and the risk premium on the company's baldness to you and twenty twenty-five race backup of five hundred basis points. Now, it's possible. The SEC is going in hard before some kind of negotiated settlement. But in any case, the the SEC's action raises again this question, why did must kick this off in the first place. And it says again as another reminder of the apparent lack of any real check on him for the millionth time here where was Tesla's board. Okay. And you can read more about these and other stories from Bloomberg opinion at Bloomberg dot com slash opinion, and on the Bloomberg terminal by typing in go. Thanks to Edward Evans. Bloomberg opinion editor in our London bureau. Karen? It's five fifty two on Wall Street. It's time for the Bloomberg law report. Let's get to the legal stories. We're watching this morning. Mystique Potisk in the Bloomberg ninety nine one Washington newsroom. Treasury inspector general says missed deadlines and delays in filling staff positions increase the risk of a late start to the two thousand nine hundred and tax filing season the first under the new tax law. The house has passed the first two measures.

Bloomberg Italy Bloomberg interactive brokers finance minister SEC Michael Barr Edward Evans Senate Michael Karen Tesla Elon Musk Senate Judiciary committee university of Michigan Christine Blasi Ford Brad Kavanagh Greece editor
"edward evans" Discussed on New Jersey 101.5

New Jersey 101.5

03:27 min | 2 years ago

"edward evans" Discussed on New Jersey 101.5

"Financial planners, the government accountability office, even the IRS and the state society, a CPA is have been urge. Urging you to review your paycheck withholdings, but many still haven't done it. According to Ralph Albert Thomas of the jersey society of CPA's, if people don't make sure their paycheck withholdings are in order. They could wind up with a smaller refund. Check or they might get slapped with a big unexpected tax bell. He says dealing with the situation is really not that difficult. It's a simple thing for the CPA to run projections to of give them an idea where they may come out. It's already the middle of September says Thomas and workers will soon run out of time to find out if they should be making any changes, David Matthau, New Jersey, one on one point five news, New Jersey one oh one point five news time five thirty nine jersey. Mom chase down a guy. She said groped her adult daughter managed to get video of him outside a department store in Paramus. Police have now arrested the guy she and her daughter were in the store when she says Fifty-three-year-old Edward Evans, grabbed her nineteen year old the video shows the man walking outside the store before he puts his hand up blocks lens, but it was. Enough for police to get a look at them. You got a sick kid keeping the home from school can wreak havoc on your schedule. But you also don't want to be the reason for a classroom outbreak one of the main symptoms that scream keep this kid home is a fever fever as a temperature of one hundred point four degrees. Doctor Allen Weller who heads the New Jersey chapter of the American Academy of pediatrics says that typically suggests a bacterial or viral infection. That's contagious other red flags symptoms. He says include vomiting and uncontrollable, cough or a significant amount of nasal discharge. I think it's also important to think about what type of discomforted child is having Dino flam me on New Jersey one zero one point five news. Did you see the photo of a parking enforcement vehicle parked in front of a fire hydrant in Asbury park. It was sent to us by alert listener hits posted at nj one zero one five dot com. This morning listener claims that white Jeep was there for over two hours. Now, anybody else would have gotten a ticket possibly even toed. But city officials are not commenting a Bill that seeks to help pay for a path train extension to Newark airport by increasing jet fuel taxes only on United Airlines by twenty million dollars. A year has advanced despite concerns it may be illegal and discriminatory. Be it could raise airfares or cut service at Newark. Aga- Taylor's key, Medina to lawmakers takes two hours to commute back and forth from work on nj transit and that a path extended help six thousand airport workers not to mention forty three million air passengers Kevin Brown of the SEI. You union says the tax foundation. New Jersey forty fifth in the country for its combined jet fuel tax rate, and then only taxing fuel burned during takeoff as a big loophole domestic the country has hired jet fuel taxes for a reason. They support our local economies Senator Bob singer says that the tax goes up and fares rise with it Central Jersey. Residents were more often fly out of Philadelphia at the state house. Michael Simon's, New Jersey one zero one point five news. Bob Evans, has issued a sausage recall for New Jersey customer complaints about hard plastic in the pork sausage. Links has prompted a recall of forty seven thousand pounds of the product launches links can be returned to the store for a refund northern edge of hurricane Florence is right here in New Jersey this morning, but it should not interrupt. What should be a nice weekend? Dan will have an extended look at the forecast. And we'll recap our top stories next.

New Jersey Ralph Albert Thomas Newark Central Jersey IRS Paramus Senator Bob singer Bob Evans Edward Evans vomiting Asbury park Doctor Allen Weller American Academy of pediatrics fever United Airlines hurricane Florence Philadelphia David Matthau Dan Medina
"edward evans" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:00 min | 2 years ago

"edward evans" Discussed on Bloomberg Radio New York

"This is a Bloomberg business flash. And I'm Karen Moscow today. We are watching for the August jobs report at eight thirty Wall Street time. Meanwhile, US stock index futures are moving lower this morning s and p futures are down four and a half points. Dow futures down fifty four NASDAQ futures down about sixteen we check the markets every fifteen minutes throughout the trading day on Bloomberg. Dax in Germany's down about a third of a percent ten year treasury down three thirty seconds yield two point eight eight percent. The yield on the two year two point six four percents. Nymex crude oil a tenth of a percent or nine cents a sixty seven Eighty-six a barrel. Comex gold is up about a tenth of a percent of ninety cents at twelve. Oh, twelve oh. Five twenty an ounce. The euro dollar sixteen forty four the end one ten point seven five Bloomberg business flash. Now, here's John Tucker with more on what's going on around the world, John. Good morning. Karen, President Trump says in a Fox News interview that will air this morning that New York Times came close to committing treason by publishing. Novice. Did judge Brad Kavanagh sidestep democratic averaged a pinhead down on abortion and the investigations of President Trump as the supreme court nominee ended his two days of questioning by Senate panel head actor Burt Reynolds who flaunted his macho good looks in a cosmopolitan centerfold high profile romances at a string of hit movies. Died of cardiac arrest. He was eighty two sports NFL season kicked off with a Super Bowl champ eagles beating the falcons eighteen twelve and it will be Serena Williams against Naomi Asaka at the US open women's final tomorrow baseball. The nationals lose it extra innings. Global news twenty four hours a day on air and tick tock Twitter power by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries. I'm John Tucker. And this is Bloomberg. Bob, john. Thank you very much. It is coming up on five point nine on Wall Street time to check in with Bloomberg opinion our platform offering foreign perspectives. On a range of global topics and expert, data driven commentary on breaking news. We are joined live this morning by Edward Evans. Bloomberg opinion editor in our London bureau head good morning. Glad to have you with us. David Fickling, basically rights don't look now. But that global trade slowdown is happening. Now, it's arrived as the tariffs pile up. The world economy is starting to look very much holed below the waterline one of the paradoxes of all the trade tensions this year. Is that in many parts doesn't yet feel like a crisis for all the turmoil in emerging markets equity investors in major markets seem well almost relaxed look at the SNP closing at a record on earlier at the end of last month. Now, Trump expected to start implementing the latest round of tariffs on Chinese goods imminently. It's tempting to think that the global economy is writing out all the time. Well, tempting but mistaken look closely and the slowdown has already begun to metrics for you look at trade volumes. It's been extraordinarily unusual for the mental of global. Muster had anywhere. But up in recent decades, the only occasions when the world trade monitor has turned down in a sustained way since two thousand has been on the eve of the two thousand and one two thousand eight recessions and during the two thousand fifteen commodity stuff. And now you can add twenty eighteen to that list. The index coming in negative throughout the second quarter of this year. What's striking? Here's the weaknesses coming. Not from commodities not from tales, but from manufactured goods as global supply chain sees up now the fact that previous trade slumps often coincided with US recessions doesn't mean the coming one will. But as three three Kuma has written for Bloomberg opinion earlier in this year markets have a very poor track. Record of picking up on the risks from writing rising trade barriers in advance one other metric to look at look way, the world's container shipping lines are planning for the future. Order books that ran in excess of a thousand vessels before the two thousand financial crisis haven't cracked two hundred since Trump came to power if. Global economies got ride out this latest round of tension. The merchant fleets, which trade depends on actually seeing it. I hear a bit of a link developing here. Marcus Ashworth has a column that suggests in the emerging markets storm look to Russia Russia has been caught up by the outgoing tide of the emerging market currency crisis. The ruble is down almost seventeen percent against the dollar this year hit a two and a half year low on Thursday that was after prime minister Dmitry, Medvedev, urged the central Bank to cut interest rates now traders are hypersensitive to government interference in the independence of central banks. You just have to look at Turkey to see that. But further declines in the ruble, look far from certain Russia has much stronger defenses the many of its emerging market peers, and if needed the central Bank could still wield the biggest stick of all in the form of an interest rate hike now the prospect of sanctions that's been around all year. But while several of these measures have been applied more may be coming. They've only had a limited effect on the economy. Emme unless these restrictions are extended to government debt, something the US hasn't done so far Russia's economy should cope. In the meantime, the treasury the central Bank of already taken small, but significant steps to ease the pressure on the ruble, and don't forget big foreign exchange and gold reserves. And of course, the rising price of oil Russia's principal export provides a major book. Just look at one thing. Ten year government bond yields hit nine percent today. Even if you account for inflation, it's still one of the highest real rates of return in the world. And that's why sanctions have not triggered an exodus of foreign investors. Something to keep watching. Thanks Edward Evans in London. You can read more on these and other stories from from Bloomberg opinion at Bloomberg dot com slash opinion, and on the Bloomberg terminal by typing Opie, I n go Karen. It is five fifty two on Wall Street. It is time for the Bloomberg law report. Let's get to the legal stories. We're watching this morning with Steve Potisk in the Bloomberg ninety nine one Washington newsroom..

Bloomberg US President Trump Karen Moscow John Tucker Russia Edward Evans London Germany Dax Twitter David Fickling Brad Kavanagh SNP
"edward evans" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:52 min | 2 years ago

"edward evans" Discussed on Bloomberg Radio New York

"The euro dollar seventeen sixty six the yen one ten point four five that's a bloomberg business flash now here's michael barr with more on what's going on around the world michael karen president trump is still deciding on a supreme court nominee the president said yesterday he'll probably decide by noon today trump will announce his nominee at nine pm wall street time from the white house and bloomberg will carry it live rescue efforts resumed today and northern thailand four boys were rescued from the cave yesterday nine others remain underground in baseball the yankees won the mets loss along with the orioles and nationals the red sox as and giants were all winners global news twenty four hours a day on air and tick tock on twitter powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries i'm michael barr this is bloomberg bob thanks michael now five forty nine on wall street time to check in with lemberg opinion our platform offering informed perspectives on a range of global topics and expert data driven commentary on breaking news we're joined live now by edward evans bloomberg opinion editor in our london bureau edward good morning even amid the latest brexit brouhaha sterling has managed to climb to its highest in almost a month versus the dollar and marcus marcus ashworth is that this makes sense for a number of reasons you'd hardly know there was a political crisis going on here if you look at the pound right now to stop much of this move is down to the weakness in the dollar donald trump's trade war which came into effect on friday has really hurt the dollar against all major currencies and studying remains locked in a very tight range against the euro at present domestic policies really aren't driving the policy the currency but the dollar isn't quite the whole story look at the look at the likelihood of an interest rate rise in the uk in august investors now plays an eighty percent probability on a quarterpoint rise two point seven five percent but the relative calm in the currency during this time of immense political turmoil as investors are giving more weight to may having secured the agreement of much cabinet to her soft brexit proposal the resignation of just one cabinet minister david davis the brexit secretary doesn't matter quite so much davis was at most nominally in charge of the whole with goro process it was of course being driven by number ten only robbins in the civil service and he needed to be broken to make this so bit sterling is looking really through the domestic uncertainties at the moment now that said may has a very tough day tough week ahead if the cat remaining cabinet unity holds and if she puts in a convincing performance mon in monday at a meeting of all conservative members of parliament then a soft brexit becomes ever more likely in the end cabinet unity with collective responsibility restore trumps the exit of one cabinet minister may could wind up stronger from all this and it could get still go all horribly wrong but currency traders have got a whole lot of a world of trouble consider not just the westminster bubble matt winkler's opinion is investors can think of amazon as a value stock actually surprisingly cheap surprisingly by most conventional measures amazon looks very expensive share costs seventy times more than the company's estimated per share earnings so that's it means investors are willing to pay much more for every dollar of amazon's earnings than they do for shares of microsoft apple facebook alphabet or alibaba the everything stores price to earnings ratio is four times higher than that of the s and p five hundred yet even this foundation there's an offer devaluation all but one of the fifty two analysts brin backtracks recommend owning the stock and forty eight of them say that investors should buy it and keep it now this makes emerson something very few analyst ever believed it would become a value stock fetching a modest price considering the company's opportunities for growth now understand this.

bloomberg seven five percent twenty four hours eighty percent
"edward evans" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:39 min | 2 years ago

"edward evans" Discussed on Bloomberg Radio New York

"Bloomberg business flash now here's michael barr with more on what's going on around the world michael karen the us military is preparing to build temporary camps two military bases to house immigrants that's according to fend secretary jim mattis who says the details are being worked out president trump's soninlaw and mideast envoy says the administration will soon present its israel palestinian peace plan with or without input from palestinian president mahmoud abbas in an interview published in the al quds newspaper jared kushner appeal directly to palestinians and criticized a boss who has shunned the trump team over what about says is there pro israel bias in baseball the yankees and mets lost along with the orioles and as the red sox nationals and giants all one in the world cup england and columbia were winners japan and senegal ended in draw global news twenty four hours a day on aaron at tick tock on twitter powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries i'm michael barr this is bloomberg bob michael thank you very much now five forty nine on wall street time to check in with bloomberg opinion our platform offering informed perspectives on a range of global topics and expert data driven commentary on breaking news we're joined live now by edward evans bloomberg opinion editor in our london bureau good morning and welcome back so from the bloomberg view editorial board europe's monetary union is still unfinished work indeed leaders of the european union will meet in brussels this week to discuss the future of the euro zone now in recent years governments.

brussels editorial board london bloomberg senegal japan columbia red sox mets jared kushner israel president secretary michael karen michael barr european union europe editor edward evans
"edward evans" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:45 min | 3 years ago

"edward evans" Discussed on Bloomberg Radio New York

"The world michael barone the islamic state group is taking responsibility for the double suicide bombing in kabul this morning that killed twenty five people eight of the data journalist the bomb struck near nato headquarters and several embassies caravan of migrants that traveled through mexico made to the steps of the us outside the port entry in tijuana most remaining caravan members waiting to make their cases for asylum they were not allowed to try over the weekend in baseball the yankees and the mets were winners the red sox orioles nationals and giants also won the as lost in the nhl playoffs the capitals one global news twenty four hours a day on aaron at tick tock on twitter powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries i'm michael barr this is bloomberg bob michael thanks very much now five forty eight on wall street and that is time to check in with bloomberg gadfly gadfly is bloomberg's global platform for fast commentary and instant analysis about pivotal financial markets and corporate news which only live now by edward evans bloomberg gadfly editor in our london bureau edward good morning so lots of buzz over the deel between walmart's uk venture asda and the british shane j sense now the question here though is does this mean that jason's berry has bested walmart to a degree yeah it certainly looks so but whether it will still look so after the deal goes through the regulatory wringer is another matter mike coupe sainsbury's this ceo may have pulled off a coup here it's a seven point three billion pound plan to buy as they're in the uk the thing here he's acquiring an asset for zero premium when you look at sainsbury's ev too dumb people apply.

mike coupe shane london bob michael sox nato uk ceo sainsbury jason walmart editor edward evans michael barone bloomberg michael barr twitter aaron
"edward evans" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:56 min | 3 years ago

"edward evans" Discussed on Bloomberg Radio New York

"A bloomberg business flash now here's michael barr with more on what's going on around the world michael karen a former drubbing good evening ignores suprianto for special counsel robert muller requesting appear before a grand jury investigating russian interference in the 2016 election however the ap reported last night at sam nunn byrd said he would probably go operate turkey's foreign ministry says the country plans to establish camps had 9 locations in northern syria dow's people displaced from the fighting amid ankara's offensive against syrian kurdish fighters in the area the camps would host about one hundred seventy thousand people in sports in the nhl the islanders laws to become knocks in overtime in the nba the celtics lost global news 24 hours a day powered by more than twenty seven hundred journalists and analysts in more than 120 countries i'm michael barr this is bloomberg bob michael thank you now it's time to check in with bloomberg gadfly gadfly is berg's global platform for fest commentary an instant analysis about pivotal financial markets and corporate news we're joined live now by edward evans bloomberg gadfly editor in our london bureau edward good morning we're going to talk about the food delivery business and this can fly headlined grab my attention just eats burger hunt leaves it in a bit of a pickle what's not to like about a pickle pun now this is about a british competitor to do but eat son it's unt unique in the online food and delivery market in the actually make money out white because it doesn't actually deliver the food to the customs door leaves the messy delivery business to its threat to the restaurants so when the company said this morning it would spend an extra fifty million pounds more than expected this year and a big chunk of that would be on expanding its own delivery services investors is certainly doped sending the stock down over fifteen percent at one point this looks like a big shift from the famed assetlight business model.

bob michael assetlight london ankara special counsel michael karen bloomberg editor edward evans berg michael barr celtics nba nhl syria dow turkey sam nunn byrd ap
"edward evans" Discussed on One Two Review

One Two Review

01:32 min | 3 years ago

"edward evans" Discussed on One Two Review

"As an urgent alert for parents sisters lieutenant hale local children in the earth been spotted drink and from tied pools we see a very harmful for the environment you see a child near round tied pool in your area police alert local authorities assemblies children of even been hospitalized that this concludes the urgent alert brought to you by the eloquent explain for it what racean with the sparkle escapades initiative on the seven tout once ganz lieuten hera stacy thanks lieutenant thanks lieutenant hail man you know a lot of people have taken issue with lapd but man they got one of the hardest jobs in america so god bless of and i hope they stay safe of course we give them all these urgent alerts for free it's part of that give back to the community program that you guys i know signed up foreign i think it's it's good for the better all right the next film that we're going to review is was recommended to us by fan of the film musician abseil facto the film as called john vistors i will party to this film stars edward evans and mary gillespie in the kind of lead roles in it but it's it's an ensemble cast a read the synopsis here the owl party gets back together for a trip down memory lane and a trip into space in this funfilled adventure star in the original cast and crew of i will party one i will say this film confused me a little bit and may be i was left out of the loop by nazi now will party one.

edward evans mary gillespie america john funfilled
"edward evans" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:32 min | 3 years ago

"edward evans" Discussed on Bloomberg Radio New York

"A really awkward situation fold the banks the cboe global markets and a megret both saying they will have bitcoin futures in coming days now for the banks this is a problem because there huge reputational risks the questions of volatility questions about how you clear these things and do you really want to do it and so far the banks have been pretty pretty cautious about but if the banks won't touch it we know of course who will if the larger banks white somebody else will do this will do the business instead of of what you've got them to use the social media phrase is fear of missing out in britain thailand indeed our thanks to bloomberg's edward evans in a london and you can read more fast commentary and instant analysis at bloombergcomgadfly or by typing g a d f go on the bloomberg karen analysis time for our bloomberg lara poor that scattered illegals stories are watching this morning my steve potus blue very 991 washington newsroom thousands set a tax overhaul bills take different approaches to revamping the international tax system madallist say these are some of the least understood provisions on most in need of discussion intelligence officials say communications providers ordered to assist the government to monitor foreigners abroad neighboring court challenges if congress does not renew the underlying law and a key senator on health lamar alexander says he is open to giving the nih director a new spending authority in response to the opioid crisis bloomberg law.

thailand bloomberg edward evans steve potus congress senator lamar alexander director social media britain london washington nih
"edward evans" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:03 min | 3 years ago

"edward evans" Discussed on Bloomberg Radio New York

"A here now here's bloomberg's julie hind than with an etf focused on infrastructure there's a new i shares infrastructure etf and its us focus airport tunis a bloomberg intelligence is with us now it's funny because so much of the washington emphasis has been on tax reform but the president at one point did talk about an infrastructure plan here and let's say this kitson that's a lot of money one to two trillion dollars in spending so the problem with the current infra struck sure egypt's in the market is their global and you know trump he wants to do all us companies so what they're coming out with now global x has one i shire's one has filed is us only infrastructure with more by american type companies there's been several trump inspired ets and i think this is also a way to sort of played the political situation but honestly one or two trillion dollars is real money and the one that's out pave has done well acid wise that's probably washer sorts coming out with irs of course like these others there's political risk if it's smaller the plan or if it doesn't end up happening investing around the white house always has been kind of mixed and now probably more than ever thanks so much eric with the bloomberg atf report i'm julie hyman thank you julie it's time to check in with number gadfly can't fly is bloomberg's global platform for fest commentary an instant analysis about pivotal financial markets and corporate news we're joined live now by edward evans bloomberg gadfly editor in our london bureau edward good morning i will mention any names but we have a guy around here who often says nobody cares we which usually means everybody cares and this morning we've got gadfly opining that a bitcoin has had a string of bad news and nobody cares but but really a lotta people do care about were bitcoin's headed any way don't and all the warning signs of flashing what could possibly dumping of buyers and 200 for the cryptocurrency well look three things a security breach a major retailers saying basically it doesn't work as a method of payment and a cooling of wall street's shows say already frosty view on the coin and yet so far this week both free of happened and yet here we.

julie hyman london julie eric washington tunis editor edward evans financial markets bloomberg white house irs trump egypt kitson president julie hind two trillion dollars
"edward evans" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:06 min | 3 years ago

"edward evans" Discussed on Bloomberg Radio New York

"A lot about the race for the first bitcoin etf but ironically the technology the backs bitcoin and other cryptocurrencies make an etf even quicker erik bo tunis bloomberg intelligence is here with me now we're talking block chain rate there's two new filings are going to track block chain technology but these are equity etfs he's going to hold stocks sort of like a thematic he catholic delivered him etf doesn't hold actual lithium italy lithium miners and stocks related to that industry this is normal it'll probably get approved pretty quickly because it's an equity etf but this ultimately isn't gonna get year the real deal which is actual physical exposure to bitcoin that etf probably going to be the six months after that and that will be the one i think that most people go to but this one i don't know you could see a hundred million dollars to this just because there were blocked chain and how hard it is right now and bleh teams in that in the names of these etf sears yet and what's in the name is very important it has something kind of flashy you're going to get some investors night so block chain etf could actually beat bitcoin etf stinks eric with the bloomberg etf report and chile hainan thank you julie now it's time to check in with bloomberg gadfly gadfly is bloomberg's global platform four fess commentary an instant analysis about pivotal financial markets and corporate news and we're joined live now by edward evans bloomberg gadfly editor in our london bureau edward good morning so disney was on a foxhunt as far as we know it's over at least for now but the the fox foxhunt make one yes it really success that no merger is out of the question these days certainly in media i mean you might wonder what's been put in the water lately i mean if you look at the the idea that disney was holding talks by the majority of 21st century fox i it's surprising one level that size fox in itself has a in its entirety as a market a fifty billion dollars and then there are the deep political and cultural differences between the two organisations definite aides dople look at disney's debt tweeted at it but pretty much covers it served dr thus twelve months pretty much covers its net debt says perfectly manageable as a deal and put it.

hainan bloomberg financial markets edward evans editor disney erik bo chile julie london hundred million dollars fifty billion dollars twelve months six months
"edward evans" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:03 min | 3 years ago

"edward evans" Discussed on Bloomberg Radio New York

"Dot com slash etf now here's bloomberg's julie hyman cme announced last week that it will be launching bitcoin futures by year and this propels the race for the first bitcoin etf anc bochunice have bloomberg intelligence is with us now so now that there are big clint features his going to be first i think it's going to be the winkle vaas twins the famous from facebook they filed for a bitcoin etf four and a half years ago they've been waiting in line the longest dave in working with the sec the most and they're etf is going to be physically backed meeting hold the actual bitcoin so not bitcoin futures rate the futures are really just a hurdle for the sec to feel better that market makers can make it better market because futures will provide more liquidity and make it easier so once that hurdle said i think he could probably saved the coin etf as early as next summer and it will be a big one because there's so much demand it could be easily a billion dollar etf within a couple of days have we seen in the others get that they record gold got two billion and three days and nobody's come close to that we'll see if bitcoin can thanks so much eric with the bloomberg etf report i'm julie hainan truly thank you now it's time to check in with bloomberg gadfly gadfly is bloomberg's called global platform for fess commentary an instant analysis about pivotal financial markets and corporate news and we're joined live now by edward evans bloomberg gadfly editor in our london bureau good morning edward well let's talk about the roundup of dozens of prominent royals and officials in saudi arabia the saudis have their own way of draining the swamp up yes you could say saudi arabia's millennial in chief has reached the move fast and break things face this is really a natural progression and prince mohammad bin solomon's pushed toward power here and now the arrest of prince al walid bin talal has probably generated the most headlines chiefly because he's so well known in the west office he steaks and citigroup and the like but his detention really is the most mementos parts at that really belongs to prince bitter bit abdallah the son of the last king and until this weekend head of the.

bloomberg clint facebook sec julie hainan financial markets edward evans editor saudi arabia prince mohammad bin solomon prince al walid bin talal citigroup julie hyman eric london billion dollar three days
"edward evans" Discussed on KOIL

KOIL

02:39 min | 3 years ago

"edward evans" Discussed on KOIL

"In 2015 during the criminal investigation joan valero communications director for vance told ib t in an email when asked about bohl's campaign contributions you see that that answer as a dodge david balls did not represent harvey weinstein in two thousand fifteen during the criminal investigation meaning as his criminal defense attorney too so the weasel joan valero working for the possible criminal sirens fans jr uh gives a weasley democrat party response just as you might expect edward evans a spokesperson for the award for bowls schiller affleck's nur said in an emailed statement david bulls has been a supporter of the district journey since long before two thousand fifteen including before he was first elected and he has never spoken to him about harvey weinstein wing wink wink yeah yeah let's go to sound bite number ten better the s the as off this is the audio tape that was produced by the nypd when they were investigating allegations that had been offered up by a young model by the name of umbrella butter lana gutierrez a very beautiful woman she had had a meeting a model and all of that she's what i think she's italian and filipino i read i think that's right that can be a powerful combination and a beautiful model and harvey had spent some quality time with her the day before and when he did he was grabbing her breasts and he was groping her and he was doing very inappropriate things generally speaking unless you're in a with the democrats at third collegue of fest in the hamptons over the summer or something and here the she went to the police and the police said well we'll put a tape recording device on you and a wire and if you go back and ask him about this will get a recording and then we'll see what we can do do so the police put out all wire the lovely model umbro bought the lana gutierrez and she went back to hang with harvey for another day this weinstein and it went something like this please i swear i want to see wilmington we know you're old.

director vance bohl david balls harvey weinstein attorney joan valero edward evans schiller affleck david bulls nypd lana gutierrez umbro ib t wilmington
"edward evans" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:34 min | 3 years ago

"edward evans" Discussed on Bloomberg Radio New York

"Fund lawyers sets a price sounds worth paying yes these are recent moves by a handful of fund managers hair who are trying to off a performancebased fees instead of flack fixed fees and the hope is the others will embrace these trend the problem here is that these new fee structures really need to be designed property so that fund managers have enough skin in the game that that truly in sync with the interests of those whose money then looking after the people got started a fidelity international see the sister firm here that the the us fidelity they announced plans this week for a new funds structure where if their funds out before the benchmark the fees will rise and if it underperforms of benchmark they will fees will full but what we would argue is at some level of underperformance against the bench fought the fund manager really should nothing in fees that makes sense for the baseline management feet be higher the what it would be in a passive product off rule you've got to have some compensation for the increased costs of running an activelymanaged products but any underperformance really should lead to a fee reduction that rapidly punishes the active fund relative to the passive alternative the academic studies are quite clear has osce fixed fees encourage manages to grow there our asset base really beyond the level that that's consistent with superior returns an but it's really important here that there is a feat level of of zero because only then do you get some kind of creative destruction of persistent under performace ed edward evans bloomberg gadfly editor in our london bureau thank you very much and.

us fund manager edward evans editor london
"edward evans" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:15 min | 3 years ago

"edward evans" Discussed on Bloomberg Radio New York

"There are some new players that have followed wall street thanks into the etf jungle eric butiness of limerick intelligence is here to tell us who eric insurance yeah i mean look there's nobody is is hanging on the silence anymore everybody is getting into the etf market and he's with some of the last comfort he's the falso nationwide transamerica and usa as expected launched media's first soon and they're getting some assets but it's not really natural assets i think what they're doing is they're having some etf south so there existing clients who might want to leave their mutual fund or they're just asking for etf suggest a hot new structure they want to have something available for them and that's what they're doing this for the doing it more to save him maintain current clients than they are to sort of maybe compete against black blackrock in vanguard they either way this is a market that a lot of big companies feel the need to be a now and this way they're keeping that revenue in instead of farming out the etf investments yeah correct because otherwise they would have gone a vanguard of blackrock baa3 jeff but now they are going to have their own brand of ets for them insurers entering the etf business thanks so much eric with the bloomberg etf report and chilling hyman chile thank you very much now it's time to check in with bloomberg gadfly gadfly is bloomberg's global platform for fast commentary and instant analysis about pivotal financial markets and corporate news we are joined live del by edward evans bloomberg gadfly editor in our london bureau good morning so we're gonna talk about barcelona does it really want to end up like montreal this is the succession issue talk companies are weighing whether to leave the region yuval does he see in the news about one is the banks in the region deciding to move could sap adel cox aback may also deci a says set to favor the body eric islands and another company at small truck maker has already changed its legal domicile the issue here is what these companies want to stay in the region of which if it leaves spain risks losing its access to the wider european union it's two european union rules and to the european market and if you look at what happened in montreal the tweet a between nine t 1999 and 2012 montreal lost nearly thirty percent.

eric butiness chile bloomberg financial markets edward evans editor barcelona montreal london spain thirty percent
"edward evans" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:20 min | 3 years ago

"edward evans" Discussed on Bloomberg Radio New York

"It's time to check in with bloomberg gadfly gadfly is bloomberg's global platform for fast commentary an instant analysis about pivotal financial markets and corporate news joined live now by edward evans bloomberg gadfly editor in in our london bureau good morning edward so what's behind the stock market's vanishing volatility gadfly suggests it may not be what many people think it may start at home indeed everyone has been obsessed by volatility this he'll rather the absence of volatility low volatility is usually seen as a good thing a sign of investor optimism articles the vicks that which tracks market volatility is often called the markets fear gauge but the alltime lows losing volatility have had some market watchers an economist scared that investors just aren't worried enough but both the baz and may be reading too much into the drop in volatility in part because of a surprising his contributed here in you working paper published by the national bureau of economic research comes in it looked at the great depression when stock market volatility unlike today was spiking that coincided with a number of boom and bust building cycles now look at more recent data on that relationship still holds when building permits of volatile the stock market tends to fall i seats suit now recently building permits have been relatively weak could number rashid nationwide has been trending down is still way below where it was at the height of the boom of the 2000s at the weakness in building permits isn't not isn't new a strict his own ingles have generally dampened the such shock swings in building covet growth over the past few decades the one exception was the housing boom and bust of of a decade ago but given all the positive economic factors in play right now you'd have expected a bigger rebounding construction and that might be a point for the bulls restrained housing but booms and busts carryover into the economy and if the drop in volatility reflects one is less one is the cept will to the heating rather than just evidence of an investor base that is forgotten that it can the recent about the drop in the vicks might built to well nothing so the french might have award for entrepreneur after all what's the french yes mccall was greeted like a rock star last month when he inaugurated a startup incubator in paris and urged.

bloomberg financial markets edward evans editor stock market great depression bulls vicks mccall paris london national bureau of economic re rashid