35 Burst results for "Eighty Five Billion Dollar"
Is Student Loan Forgiveness A Good Idea?
"Right now on the. Us government federal balance sheet there's loan receivables over a trillion dollars of student loan debt sitting there as a receivable for the fiscal year ending nineteen total assets of the federal government worth three point nine trillion of which one point one trillion was direct student loans. But here's the thing. Three point nine. Trillion in assets twenty six point nine trillion in liabilities. The difference the deficit is twenty two point nine trillion dollars. The us government is effectively insolvent. It does more than its assets. And if the us government road off four hundred and forty billion dollars of student loans it would just increase the level of insolvency. It would not sink. The government by any means the education department according to some private consulting work that they contract it out understand what the potential losses are on their student loans found. According to a report by the wall street journal that losses on the one point three seven dollars of student loans outstanding at the time this report was compiled would equal four hundred and thirty five billion dollars. Only nine hundred and thirty five billion would be paid back and that didn't include about one hundred fifty tonnes originated by private lenders that are guaranteed by the government each year. The government lends a hundred billion dollars to students to cover tuition to more than six thousand. Colleges and universities doesn't look at credit scores or the field of study or whether students will make enough after graduating to cover the debt. The wall street journal article reported that between two thousand five in two thousand sixteen four intent student loans. Most of them federal went went to borrowers with credit scores below the subprime threshold. That's assuming they actually had a credit score. Which at the time. That i took out my first student loan which i'll talk about a little later in this episode. I didn't have a credit score. Nor frankly i know what i was doing. But here's the thing. The consultants found out that a major driver of those losses were students. Who went on some type of income driven repayment plan. An income share to wear they only had to pay a percentage of their income and ultimately the loan could be forgiven after a number of years. If a loan isn't paid back in full because the payments are based on income in income isn't growing and ultimately the alone is written off after twenty years or so then that will lead to a loss in addition that study found that there are millions of other borrowers that would default on smaller amounts typically less than ten thousand dollars after the drop out of a community college or a for profit college one of the comments in this wall street journal article on the private consultants conclusion regarding the potential losses. For the us government. Student loan program is that taxpayers would be on the hook for this if the government off four hundred and forty billion dollars of student loans. Us government would receive less interest income and principal payments annually interest if we assume a five percent interest rate on one and a half trillion dollars of student. Loans is is only about eighty five billion dollars. now. I say only because total. Us government revenue is three point four trillion dollars. Interest income from student loans is only about two and a half percent expenditures in fiscal year. Twenty twenty six and a half trillion dollars. The deficit was three point. One trillion fourteen point seven percent of economic output or gdp nominal gdp and fiscal year. Two thousand twenty was twenty one point two trillion dollars. This deficit was fourteen point seven percent of that number the highest since the great financial crisis where the deficit was nine point. Eight percent the highest deficit ever was in nineteen forty three at twenty nine point six percent of gdp. The us ran three point. One trillion deficit in twenty twenty and the federal reserve increased the amount of treasuries on their balance sheet essentially funding that deficit. Two point two trillion dollars is the additional treasury bonds that the federal reserve bought so two point two trillion of the three point one trillion dollar deficit. These student loans are tiny percent of what the government is spending much of which the federal reserve financed indirectly. Veterans are didn't just give the money to the treasury. they went through the county mechanism of buying treasury bonds. But that's what happened. The federal reserve created the money out of thin air to purchase treasury bonds to plug the deficit now when i started hearing about forgiving student. Loans cancelling them. My impression was the student loan. Burden is as high as it's ever been. That students are struggling tremendously compared to when i took out student loans in the late eighties and early nineties. What i found was the average student loan and again this is based on data from marc canter wits. This is just the average student loan balance for graduates with bachelor's degree when they leave school in one thousand nine hundred nineteen ninety-three. It was ninety three hundred dollars. Forty six percent of students had student loan debt. That's about how much i had little over ten thousand dollars in student loans. When i left graduate school today. The average student loan balance is twenty nine thousand nine hundred dollars just for students. With bachelor's degrees sixty nine percent of graduating students have student loan balances. That amount going from ninety three hundred to twenty nine thousand. Nine hundred was a four point. Six percent annual increase. Now that's a burden no doubt and if it growing at four point six percent it's growing faster than inflation yet if i look at what students are making when they graduate in nineteen ninety-three or year after they graduated so in nineteen ninety-four an engineer. Starting salary was thirty thousand. Nine hundred dollars. A humanities graduate was making twenty one thousand three hundred dollars so if we compare that salary to the amount of their debt engineer made three point three times. The amount of student loan debt they had and the humanities major may two point three times the amount of student loan debt they have if we look at what engineers typically make coming out of university. Today it's close to seventy thousand dollars or about two point three times the amount of their student debt back in one thousand nine hundred. They made three point three times the amount that they owed now. It's two point three times so they own more relative to their salary but the interest rates are lower now. So they're able to handle that. But it's not this huge change that i had expected for the humanities graduate. They went from earning two point. Three times Student loan balance to one point eight times now. Part of that is pell. Grants which are grants given to low income students to essentially pay for school. I got a lot of pell grants when i went to school. That program has only grown about three point nine percent per year the maximum payout amount per student so it has not grown as fast as student debt levels. Now we can say well may be. College graduates are able to find jobs. The unemployment rate for recent graduates was five point one percent in nineteen ninety-two it was three point. Nine percent before the pandemic hit in february twenty twenty and so a greater percentage of recent graduates had jobs in early. Twenty twenty then back in nineteen ninety-two now. The unemployment rate at least in september was nine point one percent according to some data from the new york fed which suggests that yeah Graduates are struggling to get jobs. It is harder today than it was in nineteen ninety two but not that much difficult. And i don't recall calls to cancel student. Loan debt back in the early to the mid ninety s
Cathay Pacific to Get Bailout Led by Hong Kong Government
"Of the Hong Kong government's gonna bail out Cathay Pacific with thirty billion Hong Kong dollar loan and a steak that's according to the the South China morning post and they're also going to undergo a forty billion Hong Kong dollar capital restructuring it comes off the back of a lot of speculation as to what is going to be the next step man yeah I think if you look at that story yes if anything well who owns cafe you've got Chinese because one you've got contact the discussion was that they go for rights issue Singapore Airlines went for rights issue at six point six billion U. S. dollars but that the issue is this around what eighty five billion dollars has been pumped into our lines in the form of bay lights delta says it's gonna be three years before demand returns and all the one buffet bailed on delta I ten name but if you are online so this sat this is an ongoing story British Airways trying to challenge the issues against at the pilots at the moment amber it's here in the region also in our
"eighty five billion dollar" Discussed on KNX 1070 NEWSRADIO
"Governor says his budget includes more than eighty five billion dollars for cal fire to pay for six hundred additional personnel as well as twenty six new engines and a dozen firefighting Black Hawk helicopters democratic assemblywoman Christy Smith has conceded defeat the twenty fifth congressional district race offering her congratulations to Republican Mike Garcia Tuesday's election was for the right to fill out the remaining seven months of Katy hill's term Smith Garcia will square off again in November for a two year full term representing the district in northern Los Angeles county and eastern Ventura county it is now twelve how to check your money warning about significant economic risks from fed chair Jerome Powell's keeping investors on the defensive market close sharply lower after Powell said the threat of a lasting downturn can depict without more government spending chief investment officer Jack alkalinity crescent capital says investors want to see greater signs of an economic re awakening biggest uncertainty surrounding equities is you know how long is this economic como gonna last and what does that really mean for future cash flows the closely watched reading of the economy's health is due later as the government issues its weekly tally of first time jobless claims although the number is expected to come down from last week's reading of nearly three point two million it's still likely to be higher two and a half million president trump will be in Allentown Pennsylvania today visiting the factory of medical equipment distributor Owens and minor we check your money at twenty and fifty after each hour I'm Bloomberg's Lowry Kaski for KNX ten seventy newsradio CHP officer has an interesting dilemma will have that story for you coming up in just about a minute to half its twelve twenty one if you're.
Lawmakers, many in masks, debate mammoth new aid package
"Update their sanitizing the house floor ahead of a vote on a massive aid package headed for president trump's desk small amount of Raju says today's arguments from lawmakers looked a lot different to when asked why the capital positions office wear masks most are wearing masks in some who have now we go over to Texas Jim Jordan of Ohio too Republicans are seen not wearing masks most others on both sides the aisles have been taking them off while they've been speaking the bill would send four hundred eighty five billion dollars to small businesses hospitals and
Global stocks rally to record highs; gold gains
"Were find the name of the world stocks are rallying to record highs gold is also moving higher gold prices rose a gauge of global equity markets hit a record all right today in a light holiday trade does a year end rally in stocks remained on course oil rose to three month highs held by a report showing what were you was crude inventories and overnight in the Asia's equity markets rose China shares closing higher after Beijing laid up for their plans to bolster its economy including some three hundred eighty five billion dollars in planned infrastructure investments and looking at the price of oil here Brent crude gained forty eight cents a barrel US crude also gained forty eight cents a barrel and the U. S. crude down trading at sixty one dollars fifty nine cents both bench marks where there's strong guys since September seventeenth that's your money on seven twenty
Economists Say Forgiving Student Debt Would Boost Economy
"Let's come back to the United States now where presidential candidates Elizabeth Warren and Bernie Sanders are proposing student loan forgiveness plans warrants plan would forgive up to fifty thousand dollars for most people and Sanders would go further so suppose that happened what would suddenly freeing millions of Americans from student debt mean for the economy NPR's Chris Arnold reports an entire generation of Americans is making major life decisions differently because of student loans whether and when to buy a house the words start a family children it's not about if you wanna I'm it's about can you afford I'm Laura green would work for the state education agency in Montpelier Vermont well I make sixty three thousand dollars and thirty years old and I mean I probably a better salary than a lot of my peers but between her college and grad school agree with those ninety six thousand dollars in student loans and she says that's got her and her partner feeling kind of frozen yeah it's always were interested in having kids but just cost of living and all our other bells and then the student loans is just like the final straw so if people like green would suddenly had this mill stone of debt lifted from their necks it stands to reason that that would unleash pent up desires and spending that would be good for the economy a lot more people would probably have kids words start businesses serve by houses in the short term it's very positive for the housing market Lawrence Yun is the national association of realtors chief economist he says his group survey showed that student data is people delaying homeownership by five to seven years he's not endorsing any particular plan but he estimates that broad loan forgiveness would push up the number of home sales quite a bit home sales cook BSA three hundred thousand high your annually if people were not settle what law each student that of boost to the housing sector as well as to the economy just how much would it help the economy William foster is a vice president with moody's which just did a report on student debt forgiveness there's been some estimates that US real GDP could be boosted on average by eighty six billion two hundred and eight billion per year which is quite a bit that's if you had total loan forgiveness busters as it would have to be total forgiveness to see significant results and he says it could also help address rising income inequality student loans are not contributing to what's perceived as lower economic prospects for younger Americans after all all those millions of people are delaying homeownership and that's the most powerful way for most working and middle class people to build wealth Lawrence you a typical homeowner I has net worth about two hundred thirty dollars and while typical renter has only five thousand but well the idea of loan forgiveness is popular among voters it would not be free and this is a big reason that plenty of politicians and policy experts are not on board this would be expensive foster says Americans owe a lot of money on those student loans about one point five trillion and that's more than auto loans and credit cards they're the second biggest that item for households busters as most of these laws are from the federal government and it could forgive them but that would mean giving up the eighty five billion dollars in annual revenue that it's currently collecting on these loans and that would result in a wider fiscal deficit also taxing people to make up the difference would be a drag on the economy and there are other issues of many people would oppose a give away to say lawyers and doctors who stand to make a lot of money later but happen to have a lot of student loan debt also you would want to tax the working class to pay for higher income college graduates loan forgiveness that's why presidential candidates are proposing to tax the wealthy to pay for it add a foster says there could be what's called a moral hazard factor here for future students those students might expect future loan forgiveness and therefore the take out even more money than they might have otherwise and that could create even greater levels of student debt so it plenty of potential pitfalls but policy makers who are pushing for a loan forgiveness say that they have plans to make it both fair and good for the economy and to do it in a way to make education more affordable for future students so they wouldn't have to take on so much debt Chris Arnold and
"eighty five billion dollar" Discussed on 760 KFMB Radio
"Past going away Pizza Hut your pizza yeah Pizza Hut is going to close five hundred of its dine in restaurants in the next year wow wow so some people to go there I guess at the buffet the famous the buffet right at the Pizza Hut they're gonna according to a report both Pizza Hut is looking to close five hundred of its dining restaurants they want to focus instead on the delivery business of pizza just make sure shake is still open and the other the other one there Peter goblin order it copied the pirate servings of high compared the rat Chucky cheese I mean all this place all to you Natalie I can't think it's treaties to be honest let me say something about John real quick he does like Chucky cheese and his favorite things to jump in the pit of balls any hides anyways for small children what by the because we already told big scary trump in a second bowl no no hold on hold on hold on hold speaking of of craziness here this is a straight one I just had MSNBC on during the break and it's Chris Matthews talking to bill weld and literally I was driven to the point of declaring I want Chris Matthews deported back to Philadelphia because this guy wanted to go back we came from Philadelphia he's crazy and listening to these two guys talk about the state of politics in America yeah it was like listening to two old guys arguing over whether or not spider man could beat up aqua man it was it was like so inane how does this happen Doggett how mole a man who is no doubt to be sad to see some Pizza Hut stores go done what's on your mind today my friend great a doctor badger job actually scaring the crap out of kids do that is either the fall yeah I love the prayer to go June's mother white guy yeah it's a terrible terrible it I'm sick of this stuff to your jokes Scarborough is saying that all crime supporters are now white nationalists yes you did yeah at all yeah I mean to me you know yeah I really don't know if John is or not but even if he if he is you know it's a job I guess who else they're leaving out of the conversation no one has not been in the public discourse in the debate on any of the show CNN B. S. A. B. C. anywhere even fox news yeah and that is the heavyweight champion boxer evening you were recast he sighs Banik American or United States from el Paso Texas dad had actually challenged Beto on the border wall but bear some free dot debate on he's a calm supporter he's against death right band for Mexico the cartel openly have sent them yeah right you but it does seem afraid to even go into Mexico he's only two and no one's talking to this Hispanic American born in America latinoamerica legal America lucky all right after twelve supporter and no one's talking to that celebrity so I hope John listen to John you got to give him a call John again he made me re get yeah el Paso Texas and he's being left out he wants he wants to be believe me he six almost six five about two sixty five and he gets the only easy got word about the death right you're not worried about him but he doesn't go to Mexico he said he will not go to Mexico and so why are we talking to police some okay so so here's a here's the thing I dug eyebrows appreciate you being out there and and and and that's a very fair point to raise what location let's look at who else is absent on this whole thing have you noticed who you have not heard hide nor hair from in in the since Saturday or and and Sunday but to today who Elizabeth Warren aha then is is omnipresent he's everywhere by does making speeches about camel is out making speeches Cory's out yelling at people where Elizabeth Warren is is nowhere to be found she knew what she put out today is her as her think now I don't falter for this like I actually kind of a plot it no way she put out an eighty five billion dollar plan on free broadband of of our nation wide free broadband so you can get super fast internet the reason I say that is she's actually fall of focusing on policy initiatives she's not going to to where the lightning is striking because people universally I think when you talk to them universally understand that what has occurred what is transpired in Gilroy what has transpired in el Paso what's transpired also in in Dayton is act of god owned and sickening criminality that it's very hard to politicize in terms of in terms of saying this is let's make this a political winning issue remember when Nancy Pelosi said that MS thirteen members have the spark of divinity you have not heard trump's say the the white nationalists in these maniacs have a spark of divinity you heard that from NC policy was he said when MS thirteen was getting busted doing all kinds of stuff because what they did on Long Island they were taken over communities Nancy Pelosi says well made the image like this a god they've got to spark of divinity in them noon mass that's a tough that's a that's a tough hole that is a tough halted to tip to pull here okay nobody and I mean nobody is praising the actions of the savage killers save up for the people in news rooms around this country on these cable news channels that are in that are tasked with booking really controversial gassed those are people who are looking for angles to to elevate and to make this a bigger issue than it is the reality is we're a nation of three hundred twenty five million people we have problems serious problems with violence in this country the answer is not blaming the politicians the answer is blaming.
"eighty five billion dollar" Discussed on KQED Radio
"Friends of course which ship worn a media has claimed from Netflix what is this for a into streaming mean I'll start technology correspondent David Lee in San Francisco but it's a big move is only if the expecting for a little while particularly since the big buyout by eighteen see all of Time Warner that was finalized last year for eighty five billion dollars what that deal meant was that the warning media this newly created NC now has a big collection of programming of films that you can bundle up into this new services would be who hates BR Max and so you mentioned friends that friends of course is a big big draw on streaming services in fact such a big draw that Netflix paid a reported one hundred million dollars to have friends on Netflix for just one yes that's how valuable Netflix considered friends to be another going to be losing that to H. B. I. MagSafe your Max is going to contain as well as friends series like the fresh prince of Bel Air popular sorry from back in the day but also material from Warner brothers which would include the DC universe sorry Superman and and I'm piles also if they see things from CNN the the new servicer it's a white connections a big collection and on top of that they're going to have what they call a Max originals which as the name suggests is going to be things specially created for this new service well I haven't said yet though crucially is how much is going to cost the most people think you'll be oversee competitive with what's out there already Sir around about the ten dollar a month mark so we got lots of content but they aren't coming to this market place late will they be able to break into it that's a good question because of course as you say there are already a bunch of on demand services out there and more coming before it's very Max is going to have a chance to launch I try to name a few of these off of my head just before I came on to speak with you in as well as H. B. I've got Disney plus coming up of course Netflix already exist as Amazon prime video there's brit box which is a project by the BBC and and I. T. V. back home apple C. V. plus Hulu Facebook watch ESPN plus all these services that consumers want want to have all of them because it just be should be too expensive this is the question of race BR is whether it can muscle in home what facts market looks like ready but it has to be set within the US at least H. B. R. is perhaps one of the more respected names in broadcasting is a is a name synonymous with high quality stuff and so that's going to be a big benefit to them you think is like into this market Dave Lee in San Francisco according to the latest chart of the must watch music videos on you cheap laughs and hits dominate off the top ten and that's just a single English song David Lewis looks at why tastes might be changing this is Daddy Yankee's come come in case you already didn't know that which helps the chart if you choose to attend the Porter Rican.
Walmart fights back against Amazon with one-day shipping in some U.S. markets
"We begin with WalMart taking it to Amazon WalMart announcing that they're offering free next day delivery on two hundred and twenty thousand of their most popular items. That's nearly double the number of items. Walmart offers in store Jason. What do you think that sounds like a lot of items for sure two hundred twenty thousand I've always kind of wonder how relevant those items are at the end of the day. But the pair they're basing these decisions on data that they're the most. Popular item. So perhaps it works out. But I think here's the thing. Walmart has to do this. Like, I I understand people have to say, wow. This is a great move good for WalMart. But they have no choice in the matter. They have to do this. If they don't they will continue to lose share to Amazon on the retail space this move at least helps them keep pace. You cannot dismiss the market's perspective here though, in when I look at these two companies we talked about this before. But when you look at the companies in you, and you look at their sales their annual sales, and then what the market's valuing them at. I mean, it's really pretty stark the difference here that WalMart has over five hundred billion dollars in annual sales in a market cap of around two hundred eighty five billion dollars now Amazon, obviously is a bit more diversified. There's the web services out of the business has back that out. Okay. That's around twenty six billion dollars last year. Let's back that out and say, okay, they made a bit more than two hundred and five billion in retail sales in two thousand eighteen. So less than half of what? Walmart brought in in the market is valuing Amazon at nine hundred billion dollars Amazon's already crossed that one trillion dollar Mark too. So I mean, clearly the market's telling you where they think the leader in the space is so that's nothing really new the only way you keep pace with the leader. In the space is by doing what WalMart's doing today. Okay. And when you when you sketch it out that way, do you think that the market giving Amazon such a rich valuation, the market giving Amazon such rich multiple is that primarily because of Jeff Bezos this idea that you've gotten this visionary leader, and we're going to just trust you going forward. I think that's part of it. I mean, I think that the market is giving Amazon a lot of credit because of this move towards ecommerce this reshaping of the retail space, the optionality the business has beyond just ecommerce. I mean things like Amazon web services looks not forget the investments they're making an actual shipping. And. Logistics in. I think that's another important point to note here with WalMart, and Amazon and all of these other businesses that are playing their role in this in this ecommerce environment today, I mean shipping and logistics that will become a very central part to this. And remember it was just a few holidays seasons ago where FedEx and UPS weren't really able to handle the volume the volume that came in during a holiday season, primarily from Amazon that led Amazon to star making more investments in that shipping, logistics market, which is a hundreds and hundreds of billion dollar opportunity as well. I imagined that this is going to be additional volume that flows into UPS FedEx probably the US PS in some some way in. So how are shipping infrastructure handles? This. That's going to be interesting to see as well. But there's no question that Amazon has been in been planning a lot of seeds along the way there as well. And it's worth noting that on Tuesday. Walmart said that it has been building out a network of distribue. Centers if they're going to ramp up this next day delivery, it's going to to your point requires some serious serious distribution it is. And I mean, I think that's a great point in a good thing to note when it comes to WalMart is they do have a tremendous advantage in the physical presence that they maintain already. I mean, having that physical network of stores all over the country all over the world that helps if you can leverage that right? I mean, we're seeing a lot of companies trying to do that sort of ship from store Omni channel type strategy and WalMart can do that. They they can you know, build out these these fulfillment centers of distribution centers and in line with the physical presence. They had that they have all around the around the country in the world. Really? So so that is something the investments have been made there. I mean, I think a lot of these investments they're gonna make they're going to be somewhat incremental from the shipping and logistics side of things the tech making all of these things work together, in harmony, it's obviously not an easy thing to do. But I do. Do think that ultimately what this does puts the consumer in a really great position. Because for the longest time. I mean, Amazon lumping they done very well is to breed it very loyal customer base through that prime relationship. And now, they're making bigger promises. They're telling you, they're going to do things even better in for some reason, they don't live up to that promise now, but consumer can say, well, wait a minute. You know what I mean? Amazon just kinda screwed me here. They said they were going to get this thing to be next day. And it wasn't next day. So you know, what I'm gonna take my business over warmer because there's another option now, I mean really there wasn't another option before. But now there is an option, and it could be interesting to see. Okay. So speaking of options, let's talk about it from the investor angle when you look at this move, my WalMart. And when you think about the next ten years, do you think WalMart and Amazon can both be market beating stocks is there room for both WalMart and Amazon to beat the market or do you essentially have to choose one? I don't think you have to choose one. I think that they both serve their own roles in the world of. And I think they could serve their own roles in the portfolios. Well, WalMart clearly an older company. You know, they there there is an argument to be made there from an income perspective. I mean that's going to be a fairly steady reliable dividend. They have a business model that can certainly afford it. Amazon obviously doesn't pay a dividend. But they've really focused on just investing that money back in the business, and perhaps there's still some growth to be had there as well. I do feel do feel like, you know, part of me looks at Amazon, and thanks how much bigger can this thing really get. But when you consider the fact that WalMart has five hundred billion dollars plus in annual sales and Amazon is really about half of that. I think that answers the question there. So so it seems to make sense to hang onto the Amazon shares in I think the WalMart could serve as a nice little bit of a defensive play that the works in tandem with that.
Aramco gets whopping $100 billion demand for landmark bond
"Bureau. Starting this morning with Brian is look at Saudi Aramco's mega debt deal. Eighty five billion dollars of orders for its debut bond issue Chapada says that some unsurprising how much interest this is getting. Yeah. His point is that this deal ticks just about every box at there could be for a bond investor. It's the world's largest oil company also more noting generated the most profit of any corporation on the planet in two thousand eighteen it is never issued dollar debt before that a big perk. If your money manager who wants endeavors vacation, and you've got J P, Morgan chases, Jamie diamond behind it. So put it all together and low you've got eighty five billion waters in counting. So those are the big. Pros. And of course, there are const here. I would guess the biggest one being Saudi Aramco's ties to the Saudi government that is part of one of the big winners from the cell. Probably isn't Aramco's so much the sovereign wealth fund Japan also makes another a couple of other interesting points. It's worth us all wondering what the energy sector, and they're for the financial situation of Saudi Arabia itself is going to look like in twenty to thirty years time. And that's when some of the portions of the sponsor going to mature, it's also worth remembering that the entire point of the exercises for Aramco to buy a majority stake in fabric, the country's largest listed company. And so there's a way in which you can just look at this is suffering state assets from one pocket to another. Of course, the big bottom line for any bond issue is is the price. Right. What's think? Well, this is a six part south. So let's look at one of it. This is the ten year portion, and it looks like that's going to offer an extra yield of one hundred twenty five basis points over treasuries. So there's no real perfect comparisons. Here. I mean, indeed part of the issue here is. Debut bond sale. But if you look at the Bloomberg Barclays index of US corporate debt that has an average maturity of eleven years and a spread of one hundred sixteen basis points over treasuries. So there is certainly a little bit of a pickup. But it's not tons. Then another way of looking at it is the idea that you know, there is so much demand. What is Saudi going to do with it? So it can either boost the size of the deal or it could even offer lower yields. If that happens, there's a potential risk here that yields could actually wind up being lower than what you can get off the sovereign versus treasuries, and for some investors that's gonna be a line that they're not going to be willing to
Post 'Game of Thrones,' can HBO still be HBO?
"I'm Kim masters in. This is the Hollywood breakdown joining me as Matt Belony of the Hollywood reporter, and Matt there was a big splashy premier in New York last few days for game of thrones. That has been a huge hit for HBO, and it is ending, and it is ending as Richard player, the longtime head of HBO is has resigned and is leaving and John stanky the new head of Warner media installed by AT and T. The new owners of what was Time Warner is looking to HBO to generate more content. I don't know. I mean, I wasn't at the premiere neither you, but if for reading about it from a distance it felt to me like is this the end of something or can HBO continued to be be. Oh, well, that's the big question is game of thrones. For the past decade has been the HBO signature show and you see up to thirty million viewers for one show, which is unheard. And of and now they are facing for the first time a post game of thrones HBO, and yes, there are as many as four they're calling them successor series in development, and who knows if those will work, but can they amass the same audience and grow it to the extent AT and T wants to grow it without that signature show. Yeah. And veep is ending too. I mean they've been on such a role. And so I guess one of these spin offs is casting. But of course, it's going to be a while before that's show. And and the question is a site. Geiss question will people still be there when it returns to they love game of thrones? And that that ongoing way can they maintain that that level of whatever it was about game of thrones? That has so many people so in love with it. And and at the same time are they going to just hold onto their subscriptions waiting. Yeah. We did a pole this week in Hollywood reporter that. It show that twenty eight percent of people have unsubscribe to a channel or streaming service based on one show coming to an end, and that's an interesting stat. Because if there was ever a show that would drive interest in network, it would be game of thrones. Which is the number one show on television. That's one issue. The second issue is that AT and T is really pushing HBO to be more of a volume player. More shows more demographics, creating content for and really trying to ramp up the output, but game thrones was game of thrones. Because HBO took its time it spent lavishly these final six episodes are reportedly costing more than ten million dollars each, and they really, you know, it was a bespoke product that turned into a massive hit is AT and T going to give that kind of freedom to create. What will what will ultimately be the next game of thrones that we have no idea what that is. Now. Yeah. I mean, the lavishness of that party was old school HBO. I felt like it was HBO still being HBO. We we know very Well Matt that HBO throws some of the splashes parties that anybody throws in Hollywood. So are they even gonna continue that tradition? This is a regime change there. So we don't know how many of the people who were at H B O are now going to remain, and whether this transition in I have to say looking big picture at all the stuff that was acquired in this Time Warner acquisition HBO is now in transition. Bob green black arriving at Warner media running HBO as well as the some of the cable channels, Kevin CJ HARA gone. At Warner Brothers studio. There's just a lot going on right now at this company. And it feels like a lot of uncertainty is AT and T has only just really taken control of this company. HBO is the key here. They've gotta get HBO. Right. Because that is the two billion dollar a year cash cow and AT and T needs even more. Out of HBO because it is highly leveraged, thanks to this eighty five billion dollar deal to buy Time Warner and therein lies the potential irony. Thank you, Matt. Thank you, that's felony editorial director of the Hollywood. Reporter. He joins me this Monday at two o'clock on the business. I'm Kim masters, and this is the Hollywood breakdown.
Wikileaks may bring Trump's latest crisis (The 3:59, Ep. 526)
"Welcome to the three fifty nine. I'm Joanie Saltzman. And I am joined remotely this morning by our own Maggie rear than Maggie. Thanks for coming. Thanks for having me this lot of fun. So as taping right now, the former fixer and lawyer to President Donald Trump is testified to congress and WikiLeaks is rearing its head last night. Michael Cohen prepared statement claimed that Trump was aware that an associate Roger stone was in contact with WikiLeaks about the release of trove of hacked emails from the Democratic National Committee, so Maggie the Trump presidency has faced a lot of questions about what the president knew win during his campaign. If this claim is true, how big of a deal is that the idea that he knew that an associate was in contact with WikiLeaks. It's really big deal. I'm not a lawyer. But I mean, this is this is illegal activity. Right. So the whole Wiki leaks stuff. I mean, that's trafficking stolen information from people's Email. So, you know, anybody who knew about it and was a party to distributing that information that's criminal activity. So. So right there crime has been committed right though. It's big deal. There are questions too about Michael Cohen. He's testifying before congress before going to prison because he lied to congress. So how much how much how skeptical do we need to be about what he is telling congress now? Well, I mean, and that's clearly with the White House has been saying like this guy is already been out there. He's a known liar. You know? So how much of it? Can you really believe, you know, it's hard to say I mean. I don't know. I. Soobee Lisa's also come out and said that what Michael Cohen statement is untrue. We can excel itself has denied it. So there's a lot of questions still even as we get more information while there seems to be a greater appetite in the US government to take on text bad behavior. Yesterday. The Federal Trade Commission said it would create a technology task force that would look into competition in the tech industry. Maybe how does this fit into attitude towards Silicon Valley lately? Well, I think we've seen over the past year or so that. Politicians policy makers everybody wants to clamp down a little bit more on Silicon Valley. Right. I mean couple of year years ago, these companies were really like. Sort of the golden children of of of DC, right? Everybody loved the tech companies. And now everybody's a little bit more skeptical. So I think what we're seeing here is, you know, this really should be oversight of the FTC under what we see in terms of current law. But I think there's been a lot of skepticism that the agency is really up to the task to handle it. I mean, they they aren't just focused on Facebook in tech companies, but they have have to oversight over like, all consumer goods and stuff. So, you know, I think this commission is is trying to show that they're gonna be up a little bit on their antitrust staff, and that they're going to focus and get some real expertise in there to look specifically at these companies. But I again, I still think that there's some skepticism I think that there are some consumer groups or saying, they don't think it's it's enough that we need other kinds of reform. I'm in in that kind of thing. Yeah. Yeah. Finally yesterday, the US government lost its appeal hoping to unwind AT and T giant eighty five billion dollar Or with Time Warner which is the parent of TV networks like HBO CNN TBS things like that. That means the two companies have no real hurdles to keep themselves from completely intertwining. Do you have any sense about how eighteen might try to ingrain Time Warner with services now that there's nothing holding the back? No more questions. Well, they've already been doing it. Yeah. They're gonna be coming out with with services. I mean, you know, that you're covering what they're up to. So this really was kind of an annoying thing. That was cloud hanging over them. And now that I think that it's all cleared up. They just feel like they can kind of move full-throttle. I mean, one of the big things here is like the government's not gonna appeal. So this is not anything that's going to have any chance of going to the supreme court. That's us for today. I'm Joanie Sol's men with Maggie Bearden. Thanks again. Maggie, thanks for having me. And thanks for listening.
U.S. appeals court approves $81 billion merger of AT&T and Time Warner
"Federal appeals court has cleared AT and T's purchase of Time Warner the US circuit court of appeals in Washington. DC rejected the Trump administration's claim AT and T's eighty-five. Billion dollar takeover of Time Warner would harm consumers the decision called the government's objections unpersuaded. It was rare for the government to try and stop a merger of a distributor and a supplier AT and T said it hoped the unanimous ruling would end the litigation Time Warner's content, including CNN and HBO should help AT and T compete with Netflix and YouTube, which produce content and sell it directly to consumers without a cable
News in Brief 4 February 2019
"This is the news in brief from the United Nations. Yemen's warring sides are due to meet for fresh discussions on a prisoner exchange agreement the UN's special envoy for the war-torn country announced on Monday. According to a statement from the office of the UN special envoy, Martin Griffiths representatives from the government of Yemen. And the who the opposition Ansar Allah will be present at a meeting in Amman Jordan on Tuesday. A prisoner exchange agreement was signed in Sweden last December and represents the first accord between the two parties since conflict in Yemen escalated, nearly four years ago, sparking the world's worst humanitarian crisis. This round of meetings is described as technical by the UN special envoys office, which adds that those present in Jordan's capital will discuss steps taken to finalize the lists of prisoners to be released to advance the implementation of the Stockholm agreement. The development follows a meeting on Sunday between the UN's ceasefire monitoring mission and Yemen's belligerents in the embattled Red Sea port of data has. A statement by the mission noted that the head of the task force. Retired Dutch general Patrick come et underlined. The importance of the ceasefire agreement which came into effect on the eighteenth of December. The general also warned the parties about the fragility of the ceasefire and urged them to instruct their commanders on the ground to refrain from any further violations that would jeopardize the broader peace process, the Yemen in what are described as cordial and constructive talks bay, Yemeni government and Hootie delegations also reiterated their commitment to open up the Hideto to Saana road to allow humanitarian access to the Red Sea mills. The trade dispute between China and the United States will do little to benefit domestic producers in either country and could have massive consequences on the global economy unless it is resolved urine experts said on Monday of the two hundred and fifty billion dollars in Chinese exports. That are subject to US tariffs. Only. Six percent will be picked up by firms in the United States. According to a UN conference on trade and development report, and of the approximately eighty five billion dollars in US exports that are targeted in China only about five percent will be taken up by Chinese firms, and as the US and Chinese agree to drop their tariff dispute by the first of March duty on each country's products will rise to twenty five percent a significant increase from the current ten percent. Levy, his uncle cards, Pamela coke Hamilton. The implications are going to be massive first of all macroeconomic level. We'll see an economic downturn. Especially due to instability in commodities. And financial markets. Additionally, they'll be increased pressure on blowback growth as companies will have to impose adjustment costs which will affect productivity investment and profitability countries that are expected to benefit the most from the trade war European Union members. The UN study indicates that exports are likely to grow by seventy billion dollars while Japan and Canada will each exports increased by more than twenty billion dollars. Although these figures do not represent a large slice of global trade which was worth seventeen trillion dollars in two thousand seventeen for some countries like Mexico the increase in exports will amount to a six percent rise. In exports overall, the UN economists also warned that the tit for tat spat could also penalize East Asian producers, the hardest with a projected one hundred and sixty billion dollar contraction in the region's exports unless discussions between China and the US are resolved before the March deadline and finally a large sculpture of. Of the globe. That's long been associated with the UN international cooperation and pace is to get a facelift, it's been announced these celestial sphere, which is a large metal sculpture has dominated the grounds of the UN in Geneva since it was assembled in nineteen thirty nine just before the outbreak of the second World War when it was unveiled the artwork sparkled with sixty four. Bronze statuettes of mythical figures representing constellations and eight hundred ten Silva size old painstakingly positioned with astronomical accuracy by American artist. Paul h man ship. The sculpture also rotated when it was first installed, although the mechanism no longer works. And we'll be just one of the many things that will undergo a complete overhaul this year. For more information about the project. Visit the UN Jean-Yves website. You knock dot C H. Daniel Johnson UN news.
"eighty five billion dollar" Discussed on AP News
"Of eighty five billion dollars equal to one hundred fifty percent of its GDP and little growth. Police say a man who thought his wife damaged his action figures retaliated by taking an axe to the families car television, and laptop in the house, Madison. Wisconsin police chief Mike Colville says the man called police just after ten Sunday night and told them that he had too much to drink and might have overreacted about his action figures. Police say the man struck the car's windshield so hard the X got stuck police didn't release the man's name. He was arrested and faces charges of disorderly conduct and felony damage to property police say he caused more than five thousand dollars in damages to New Orleans Saints season ticket holders. Want a judge to order the NFL to reverse the results of the NFC championship game that sent the Los Angeles Rams to the Super Bowl or to schedule a do over. There lawsuit filed in state court says Commissioner Roger Goodell should implement a league rule governing extraordinarily unfair. Axe remedies would include reversal of games result or the risk. Of a game in it's entirety or from the point where the act occurred at issues, the failure of officials to call interference or roughness penalties. When a Rams player levelled a saints receiver with a helmet to helmet hit at a crucial point in Sunday's game. A hearing is tentatively set for Monday six days before the Rams meet the New England Patriots in the Super Bowl in Atlanta. Five dead in banks shooting. I'm Tim Maguire the napi newsmen that police in Sebring, Florida, say a twenty one year old man walked him. Do a SunTrust Bank and opened fire this afternoon. Sorry to learn that we have at least five victims people who are senselessly murdered as a result of his act in this Bank. Police chief Carl Hoaglund says the suspect call police barricaded himself inside the building and later surrendered the Senate votes tomorrow on a pair of bills that could end the partial shutdown, but neither one seems to have enough support coast guard commandant Admiral Carl Schultz in a video message to his service. Members says it angers him to see them having to scramble find it unacceptable that coastguard men and women have to rely on food pantries and donations to get through day to day life servicemembers, unlike the other military branches the coastguard, and it's tens of thousands of service members and civilian workers are is part of the department of homeland security meeting. They haven't seen a paycheck and weeks. I'm Tim McGuire. AP digital news back in a moment. There.
What you need to know about the AT&T-Time Warner appeal
"The Justice department today is to argue in federal court that the AT and T merger. With Time Warner is bad. For consumers. The department's anti-trust division is going to try to convince the US court of appeals a lower court was wrong to allow AT and T to buy Time Warner for eighty five billion dollars six months ago.
DOJ Says Judge Ignored ‘Economics, Common Sense’ in Allowing AT&T-Time Warner Deal
"County sheriff Jim Skinner honoring a loyal department member lost earlier this year Illo the canine passed away in March and sheriff Skinner decided to get, him a proper headstone And we just, put it up in a small oak grove on a on. A little hill overlooking sheriff's office last week and. I just wanted to send a tweet out The one word on there is respect because that's certainly how. We look at our t. nine was a German shepherd he was only eight years. Old when, he died he, served the Collin county sheriff's department since two thousand eleven sheriff Skinner says the inspiration for the headstone idea came from his days as a military dog handler in the Philippines the government says the judge ignored. Common sense when he allowed the merger of AT and t. and. Time Warner to go through even though, the eighty five billion dollar deal was completed nearly two months. Ago the department of Justice is appealing in a seventy three page brief the DOJ claims the ruling my judge Richard Leon was clearly eroneous and ignored fundamental, principles of economics the government says the combined AT and t. and Time Warner would give the company the power to suppress competition in a statement Dallas-based AT and t. says there is nothing in the brief that should. Disturb the original decision Chris summer NewsRadio ten eighty KRLD we'll seems fewer people seem to be wanting to spend their vacations and Mexican resort town.
Apple buybacks eclipse value of most S&P 500 companies
"Ice which is carbon dioxide solid transforms the gasman, exposed to open air and if it's not ventilated you can die. And, that's, what, happened, isn't that horrible. Gosh what oh what a horrible way to go oh my heavens moving on down the line that is awful oh my. Gosh I never really thought that it would go that far It's looks like Facebook apple Amazon. Google wow, some of the. Big tech companies are struggling says CNBC they could. Lose a third of their value Facebook apple Amazon Netflix and Google parent alphabet are selling. Off again after losing a combined, one hundred and eighty, five billion dollars over, the previous two sessions ahead of Apple's earnings. They say that stay away, from what is. One some market watchers. Are warning people? To, stay? Away, from what has been one of. The, hottest areas. Of the market this year. They're like these. Are the stocks. Are wanna want to Rafe wants to run away from Ooh that's kind, of scary, to think about that do tries to rob a wetter burger with a pair of tongs local Twenty-one news reports this, guy was not very. Successful in Austin Texas guy was arrested after he. Tried to unsuccessfully rob, a, water, burger, with. A pair of tongs after reviewing surveillance video authorities say. Forty four year old David Gonzales who had. Difficult, maintaining, balance, while, walking approached a water burger he loitered grabbed a pair metal tongs. Walked tournament plea who opened the register and he started jabbing her with the while demanding. Money he was confronted by another employee who ordered. Him to leave he fled but the cops picked him up just at the end of the road and WikiLeaks Twitter deems were. Published by, journalists eleven thousand of.
"eighty five billion dollar" Discussed on WLAC
"Com All right Sponsor this half hour. Is Goldline Goldline has, something really. Really unique I was just looking at just looking at, the the the numbers of things that are happening where we are Russia just last week. Just dumped What is, it eighty five billion dollars of treasuries over the last over the last. Two months they have they have gotten rid of almost all of the US treasuries people are starting to dump, our treasuries if that happens we're in. Trouble and the value of our. Of our. Debt goes away and that means we're going to, be paying higher interest rates on our debt as. A, as as the country we won't be able to afford it. Our dollar will be worth, less it's. Bad so Goldline has gone to the Royal, Canadian mint and they've made something called the maple. Flex bar now this is an idea that I had a few years ago, they made them in gold but gold if. You know if crap hits the fan gold is going to be worth ROY too much so this is a way. For you to get in at an. Inexpensive price and it, would actually. Be day to day it makes up two ounces of, silver and the design makes it possible for you to take and break it up it's There you. Go Break up the. Silver into pieces And then you can spend, it so like this is. A there's ten. Of these one twentieth, ounce bars there's five one tenth and then, there are. Four quarter ounce bars, fully, silver each, bar guaranteed legal tender wait purity. Everything by the Royal Canadian mint they're all marked. For that nineteen legal tender coins you, can only..
"eighty five billion dollar" Discussed on WNYC 93.9 FM
"Successful in terms of pressuring countries like Japan and South Korea to significantly reduce? But again that is not a firm conclusion yet on both governments of Japan and South Korea are still negotiation with the US on this. One I'm finally tacky success there peyot was inconsolable, patients with Turkey in old fact US treasury administration, officials were intelligent, shift three days ago speaking to, the Turkish government will gain is is, a significant importer Voronin oil, again the, Turkish, government has been very clear vocal. That they will not be reducing their imports of, Iranian oil, but, we know that they're, going to be put under. Significant pressure from the US to do so finally. Can I ask you about this suggestion by Mike Pompeo that the Iranian supreme leader has access to a nine hundred eighty five billion. Dollar, hedge fund to finance a revolution regard some is this new and how credible is it well there has, been a lot of speculation over the last forty years of these Dominic Republic of Iran about the. Extent, to which the office of the supreme leader Has its own. Exclusive financial as you would say or investment fund so I think it's very difficult to make the, session of the type that Pompeo has made there's also a lot. Of concern that the US administration currently is exaggerating information or providing in some cases even inaccurate information in order to drive this policy. Of really undermining the Iranian near ship from within? And, so I think some of these statements that needs to be taken with a grain of salt elegant, Anaya senior policy.
Scarlett Johansson drops out of "Rub & Tug" amid backlash
"The justice department is appealing the approval of the at and t time warner megamerger the government sued to block the eighty five billion dollar deal but a judge ruled last month that the merger could go through the justice department argued that if the two companies joined forces it would make the tv market less competitive and innovative eighteen t lawyer said the company is surprised by the doj decision to appeal and said they're ready to defend the previous ruling the ministry of antiquities is revealing the discovery of an ancient tomb at a construction site in alexander andrea a rare black granite sarcophagus dating back to about two thousand years ago was found by workers digging the foundation of a new building experts are amazed by how intact the six feet high five feet wide and eight and a half foot long tomb was in new jersey a small plane was forced to make an emergency landing on a beach this beachgoer says it's just lucky that no one was on that part of the beach where the pilot brought down the plane friday afternoon and a lot of people are getting early bringing their kids down to the beach the pilot has told the faa that he had engine problems no one on the plane or on the ground was hurt and scarlett johansson is dropping out of a movie where she would have portrayed a transgender man the move comes after heavy backlash from the lgbtq community trans actors criticized johannesen for taking the role citing that it's hard for trans people to get work as it is she was set to play a trans man who ran a prostitution ring out of a massage parlor in the seventies richard jordan nbc news radio.
"eighty five billion dollar" Discussed on NewsRadio 1080 KRLD
"Today is well aged be every day but today officially it's national french fry day a staple of fast food joints to one of the most popular side dishes enjoyed around the world really so we went in search of some of the best fries in north texas one restaurant that keeps popping up on everybody's list top dotty burger marne several locations in north texas is the general manager of hotties in addison he joins us now live to tell us what baidu at hop dotty to make their french fries so tasty these are gone by the time i buy my hamburger what are you guys doing over there well for us you know there's a couple of things that we do you know to get a great fries going to start with a great potato you know we use a kindergarten potato which is the one that we use for pretty much all of our regular fries rising house you know we got a pretty a pretty intense washing and blaming procedure and then pretty much we have triple fried fried salt pepper parsley all that good stuff what kind of oil do you use so right now we're using a rice bran oil we like to test out a bunch of different types of oil to see if we can find that perfect french fries but right now we're using a rice bran oil and details do you guys have like different kinds of fries what are your favorite way to make them do we got a bunch of different cup a bunch of different fries one of the new the new ones that we just added our menu is our hot tony stage fries at a like a lot we take our sweet potato fry we run it through the normal procedure salt and pepper and then we do a hot honey glazed that we make in house we drizzle that over the top and then we fry up stage in the morning and we'll take crispy stage lease and we'd just crumbled out over the top before we send him out to the table that's like a meal sounds good what about condiments but what you put on the fries everybody thinks he's just catch up but a lot of people put some they dunk their fries into some strange things don't they oh yeah so in a spirit of that let's see we got our truffle fries which we do at trouble a only that goes on the side with those which is basically a man as mushroom garlic based off with our buffalo fries obviously we're gonna throw buffalo franks red hot sauce on there and then we're going to serve a side a ranch with those fries and there was sweet potato fries schiphol al lee which is basically a poli managed man okay by blunt you set today thank you so much castio general manager hop daddy's in addison on national french fry day you know so someone he goes my cousin french fries and sour cream that thought it was pretty gross that i tried it and sauerkraut well yeah it's kind of like when you put like baked potato about it it makes perfect sense and just a shadow it too hot daddy if you're looking for when they have one precedent center also mckinney addison euless glade park south lake and fort worth so go get you some hop daddy french fries national fringe friday twenty four now at krld take a look at your money good friday morning courtney donohoe good friday to you taking look at stock index futures are struggling for traction as investors are focused on second quarter earnings with trade moving to the back burner has just for today but speaking of earnings j p morgan hiring the premarket after reporting earnings atop decimates however citigroup falling as a firm saw surprise drop in revenues from credit cards meantime wells fargo sliding uninterrupted mortgage fees huge gains yesterday the us and china have signaled that they were open to resuming goshi nations over trade after days of exchanging retaliatory threats the dow climbed two hundred forty four points at and t is facing renewed trump administration attack on its takeover of time warner the justice department has appealed last month's federal court decision that cleared the way for the eighty five billion dollar acquisition to take place if the government is successful at and t would be forced to sell the time warner properties m pizza hut expanding its beer delivery in an effort to appeal to younger customers the chain plans to add of that option two more locations this year i'm courtney donohoe bloomberg business.
"eighty five billion dollar" Discussed on KTRH
"Rafters story daniels five twentythree your newsradio some great timing well donor five twenty three here newsradio seven forty ktar h right the president in the united kingdom on his way he's there now of course i evidently has tea with the queen today i believe so yeah he called a tremendous woman so you had nothing but compliments for the queen probably a good idea to say something positive about the queen before you're actually sitting down not with her because she can give you a look that'll go right through you the person who had this to say upon his arrival i think it's fine i mean i think they like me a lot in the uk i think they agree with me on immigration i'm very strong on immigration i made a point today i said you've gotta stop you're ruining your you're gonna have a lot of problems you see what's going on throughout the world with immigration i probably at least partially won an election because of immigration if you look at italy just b who i got to know quite well over the last month and a half he won his election because of strong immigration policies on italy i think that a lot of the people in the uk i think that's why brexit happened now i don't know what's going on with negotiation who knows but i guess that's become a very interesting point of contention i said i'm going to a few hot spots we have nato that we have the uk and then we have putin and i said putin maybe the easiest of the mall you never know but i'm going to a pretty hot spot right now right with a lot of a lot of resignations but i will say that immigrations a very important thing and i told them today the eu the european union better be very careful because immigration is taking over europe and they better be very very careful and i said that loud and clear of course of the other thing that makes it a hot spot for the president is the baby trump balloon which is lying in london right and then with the approval of the mayor by the way in evidently there is a farm that is in the flight pattern for heathrow coming in where's the decided to do a f trump crop circle so he's he's running into a little resistance shall we say on his way but then again i think in a great britain is much like the united states right now you've got a very vocal liberal group which is making itself known but i think probably there's a significant number of citizens of the united kingdom who completely empathize and sympathize with president trump in his he said if they didn't they wouldn't have voted for brexit by twenty six now your newsradio seven forty ktar h take a look at your money courtney donohoe up and down and all around we're back to volatility i love it exactly and it's all about what we're seeing with trade we'll features right now they are little changed to wrap up the week after yesterday's huge gains the us and china have signaled that they were open to resume negotiations over trade after days of exchanging retaliatory threats high level trade discussions between the world's two largest economies have stalled since last month but the dow jumped two hundred forty four points on the day yesterday but it is going to be a busy day head for investors wall street is waiting for results from the major banks j p morgan chase citigroup and wells fargo all report before the opening bell and at and t is facing renewed trump administration attack on its takeover of time warner the justice department has appeal last month's federal court decision that cleared the way for the eighty five billion dollar acquisition to take place if the government is successful at and t would be forced to sell the time warner properties i'm courtney donohoe bloomberg business on newsradio seven forty ktar h it's friday july thirteenth what's new today on the iheartradio app it's friday the thirteenth so get into it with iheartradio special friday the thirteenth boilers of devilish daddy's to serve as.
U.S. Justice Department to appeal approval of AT&T acquisition of Time Warner
"To ninety three wibc wibc hd one indianapolis it's five o'clock fighting a merger i'm rich denison fox news the justice department moments ago announcing it's appealing a court ruling that paves the way for at and t's eighty five billion dollar purchase of time warner fox's hillary barsky joins us live department initiating the appeal by filing a two page notice in federal court in his not disclosing on what grounds it intends to challenge the approval the us district judge rejected the justice department's arguments that the deal would stifle competition in the pay tv industry at and t completed the merger a short time later but agreed to keep time warner's cable networks in a business division separate from at and t's communications assets for the time being rich hillary a chaotic congressional hearing republican california congressman darrell issa instructed embattled fbi agent peter struck to read for the committee examples of some of his anti trump text messages that isis said showed bias and analysts toward then candidate donald trump on july twenty first two thousand sixteen trump is a disaster i have no idea how destabilizing his presidency would be struck said the special counsel's investigation into alleged collusion between the trump campaign and russian officials from which he was removed is not politically motivated is not a witch hunt and is not a hoax is john decker before leaving the nato summit president trump saying the alliance is unified fox's simon is traveling with the president the president claiming victory in his campaign to get nato ally spending more on defense the additional money that they will be putting up has been really really amazing he described the nato alliance as very unified very strong no problem french president emmanuel macron saying nato members only agreed to make their existing commitment of two percent of gross domestic product by twenty twenty four fox news fair and balanced.
Could airplanes be the next hacking target? The government thinks so
"Were afraid to fly before now this next news item is just gonna put you over the edge i'm just warning you in a report out this past week i'm gonna tell you verbatim what they said are you ready midflight now of course we knew this could happen twenty sixteen department of homeland security they hacked a boeing seven five seven by using radio frequency communications and the dhs report says today's commercial aviation backbone is built upon trust most commercial aircraft currently use and they have no real cyber protections in place doesn't that make you feel comfortable i mean anything is hackel but getting my email address password is one thing i'd rather not think about hackers in an airplane at forty thousand feet they can't make it on hackel like you're totally freaked out over there but i'm not a good flier it as as it is now i'm going to have this in the back of my mind don't worry about it oh thank you you know what they have conspiracy go wrap the entire plane in rfid wallets that they should be doing you i didn't mention the other part of that report is that the researchers say that they brought everything on board through tsa that they could hack the aircraft on please talk
"eighty five billion dollar" Discussed on KTAR 92.3FM
"Katersky manafort had most recently been accused of tampering with witnesses there were two of them at federal prosecutors said he contacted improperly while he was out on bail and now the judge after saying she struggled with this decision has decided to revoke bail manafort facing charges ranging from conspiracy and money laundering bank fraud reporters asked the president about his former campaign chairman and the president said like manafort has nothing to do with our campaign they went back twelve years to get things that he did twelve years ago and now paul manafort is headed to jail i'm scott goldberg abc news a federal judge approving the eighty five billion dollar merger between at and t and time warner could usher a wave of media consolidation and shape how much we consumers a for streaming tv movies what exactly does it mean for all of us and what's the president's take our brad milkey abc news chief business and economics correspondent rebecca jarvis those questions on the abc news daily podcast start here was more than a year and a half ago october of two thousand sixteen when at and t agreed to buy time warner for eighty five billion dollars both companies are playing up how their merger will lead to innovative experiences for consumers but experts aren't really convinced about all that and then at the time we were seeing lots of deals between mega companies comcast had taken over nbc universal verizon had bought huffington post and yahoo but before the papers had even been drawn up presidential candidate donald trump put out a statement saying he was against this deal and he would seek to block it if elected.
U.S. stock futures under pressure amid fresh concerns
"Time now for the bloomberg first word breaking news desk so let's check in with bloomberg's bill baloney good morning bill and good morning john lewis features are in a pressure right now a trade war concerns gaffey which just currently down one hundred and fifty six points espy's dropped twelve and the nasdaq futures declined by twenty one he was general that two point nine two percent asian markets were mixed overnight while you're markets are trading mostly lower let are led by grade than one percent losses in italy and spain back in the us on the economic front at eight thirty empire manufacturing and it's ten o'clock michigan sentiment after the bell last night adobe operating margins missed estimates end djabel earnings beat estimates and regarding earnings this morning canada goose beat estimates in deal news qualcomm inexpiable deal is said to be approved by chinese regulators an at and t close it's eighty five billion dollar takeover of time warner wrapping things up allegheny technologies cut to underweight over h e p morgan live from the first breaking news desk i'm bill maloney john thanks to bill the yield on benchmark ten year note of the us two point nine two percent has the price increases by three thirty seconds the two year yield at two fiftyfive that is a bloomberg business flash now with more on what's going on around the world here's michael barr thank you john house republicans are preparing to vote on a bill that would prohibit u s customs agents from separating immigrant parents from their children when they become into the country illegally officials in florida say six people were taken to the hospital after a roller coaster accident at daytona beach last night to riders fell to the ground from a height of thirty four feet in sports in baseball the yankees won the mets loss along with the as the red sox giants were winners in golf round two of the us open takes place today at shinnecock hills on long island after round one dustin johnson in poulter are part of a four way tie for the lead at one under in the world cup today portugal takes on spain finally from daybreak on the bloomberg terminal security at the eiffel tower is getting a makeover armored glass walls will replace the metal fencing on the perimeter of the monument over.
"eighty five billion dollar" Discussed on KCBS All News
"This is a bloomberg market minute stock futures are a little change to lower before reports on retail sales initial jobless claims and consumer comfort adobe systems reports earnings today after the closing bell stocks finished lower yesterday is the fed signaled a somewhat hawkish tone in its latest policy statement some laws were recovered during chair jerome powell's press conference in the end the dow is down one hundred twenty points to twenty five thousand two hundred one the s and p five hundred fell eleven or four tenths percent at twenty seven seventy six and the nasdaq slipped eight points to seventy six ninety six powell signalled growing optimism on the us economy while trying to reassure investors that the central bank would not derail the country's second longest expansion by aggressively tightening monetary policy fed officials did raise interest rates by a quarter point for the second time this year and upgraded their median forecast of four total increase in two thousand eighteen gina cervetti bloomberg radio this is seen at any of the stories that matter right now at and t has been cleared to take the time warner with the us justice department losing its bid to block the deal the eighty five billion dollar deal we'll say eighteen over time warner's media properties including oh and dc entertainment developers will no longer be able to collect or share information about iphone users friends after apple changed its app store roles previously developers were able to ask us access to their phone contacts to use.
"eighty five billion dollar" Discussed on Here & Now
"When we from today that huge merger between at and t and time warner will be complete that's according to an at and t attorney who spoke after a federal judge ruled yesterday that at and t can move forward with it's eighty five billion dollar acquisition of time warner and that decision is expected to give to a number of other mergers in the us from sprint and t mobile to even the cvs aetna deal rubbing farzad host the podcast full disclosure joins us now to talk more about this i robin good sir how are you doing well so eighteen t with this merger is going to own hbo cnn the harry potter franchise what are the implications of this how's it going to remake the media landscape don't forget it's also att's cinemax so bright cinemax this is one of those giant campbell's on distribution jeremy in this case a giant wireless network itself a product of many megamergers fusing with mega content so ma bell and taking out each time warner it's really one of the crown jewels of premium content gamma thrones sopranos and all that other stuff on the cable dial tbs tnt lots of sports right and i have to say as as a customer of both cell cellphone provider not at and t but a cell phone provider and cable company i pay for both of them right now is it possible that with these i'm only going to have to pay for one it's probable i think it certainly one of the mega trends that media watchers believes finally gonna get spawned out of this the idea that it's not just enough to have voice internet and cable you ideally want wireless and a rich library of content included on one bill because that'll cable bundle that you know people are cutting the cord and wire cutters are out there and they're paying for spotify netflix separately and this has.
"eighty five billion dollar" Discussed on Bloomberg Radio New York
"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 nancy lyons thanks nancy now with our other top stories i'm michael barr german foreign minister heiko maas called on the european union to unite and fill the void left by the us drawback from global agreements that have underpinned transatlantic relations for decades maas warns at the post world war two order no longer exists chancellor angela merkel earlier challenge president trump over us services exports to the eu moss and a speech in berlin says the atlantic has gotten wider under president trump us sanctions and economic upheaval may have taken a major toll on the oil market we get the story from bloomberg's betrays sikora in its first detailed forecasts for two thousand nineteen the international energy agency says opec members iran and venezuela could lose almost thirty percent of their oil output next year he says new oil output from outside opec in particular us shale should be enough to cover growth and demand but nations such as saudi arabia may still need to boost output to compensate for loss supply from other members opec meets next week and we'll debate whether to restore production at halted last year bloomberg's patrice sikora at and t says it will close its eighty five billion dollar takeover of time warner by next week and a federal judges approval of the deal could lead to a new wave of mergers the judge rejected the trump administration's arguments at the takeover would lead to higher prices for pay tv subscribers tesla's cutting more than three thousand jobs about nine percent of its workforce the firings are taking place as the electric car maker struggles in its first attempt to mass produce a car the model three sedan after a twentyseven year fight with greece macedonia has agreed to a.
"eighty five billion dollar" Discussed on KOA 850 AM
"The eighty five billion dollar deal lawmakers grilled health and human services secretary alex as are wanting to know when president trump's plan to lower prescription drug prices will happen what the president has taken on this blueprint is nothing short of comprehensive reform of how drugs are priced and done that doesn't happen in just a week or two the secretary reportedly meeting with pharmaceutical companies to ask for voluntary price cuts fashion house guests announced that co founder paul marciano is stepping down after completion of a company commissioned investigation into allegations of sexual harassment and assault you're listening to abc news koa newsradio time is nine zero to the colorado rockies made a close at the end but they failed to the phillies five to four on tuesday night pitcher john gray had another rough start allowed a three run homer in the first again little little rock yearly couldn't find the zone the first three innings came back to hurt him right to the two walks in the home by the shortstop skipper bud's black same two teams tomorrow pregame four twenty five first pitch right here at five oh five buffalo mountain fire in summit county is now one hundred acres the upper neighborhoods of wilderness to mesa cortina have been evacuated summit county sheriff jaime fitzsimons on tonight's evacuation evac order is in place for above twenty grand on ryan gulch and above shooting star in the may serpentine area on royal bustle if you are in that area you have until ten o'clock tonight to go into that area to remove any pets mets clothing any other small items you made me you could stay in that area again we will keep that area on ryan golden buck twenty grand mesa cortina on oil buffalo of a shooting star will keep it open until ten o'clock tonight ground crews from approximately a dozen different fire agencies have responded to the fire our forecast shows for more warm weather after a couple of cooler days we're going to head back to the nineties tomorrow ninety three degrees for us on wednesday mostly sunny skies still a little bit hazy out there thanks all the wildfires in colorado tonight fifty nine degrees and there will be a slight chance of a.
"eighty five billion dollar" Discussed on Bloomberg Radio New York
"A lot of these are in the shorter end of the markets a one two fiveyear maturity his he could see over the next one to five years they just don't lend again simpson to the rapporteur's inner laundered there's never been a of corporate balance sheet like this one and and they do in fact have sort of have longterm cash like assets on their balance sheet which is almost oxymoron yeah look i mean they have two hundred eighty five billion dollars that is so rich an and really about one hundred fifty seven billion of that it easing corporate bonds so apples of biggest actually corporate lender among those odds were like a circus was what was it would normally when you're looking at the belgian your to with casual casual cash and catch a quivalent and shortterm alqabas securities but they also have longterm marketable securities of as a portion of their cash into the largest portion of the cash and or you're describing zak with those are well i think they would eat you would think that but i think one to five year that chart they probably argue that they can probably get out of that but it's just interestingly yeah absolutely very cool story um kutina thank you so much making sense of it nabila ahmed senior corporate finance reporter at bloomberg news in our bloomberg 1130 at studios checker added ms knit bela man nice twitter handle thanking has to be here all right or bad this is bloomberg radio does it nancy lyons right now she's got world the national news headlines for 9 and wants to do in washington dc thanks corey president trump may be seeking curbs on immigration but democrats have introduced a bill today that would greatly increase immigration the family reunification act is aimed at reducing the backlog of more than four million people waiting to join family members here in the us congresswoman of at clark of new york takes issue with the term chain migration that's used by the president and republicans do not be deceived this languages divisive it is harmful this language is a dog whistle to the xenophobic followers of donald trump lawyers for president trump have reportedly advised him against sitting down for a wideranging interview with special counsel robert muller because they're concerned the president can be charged with lying to.
"eighty five billion dollar" Discussed on KBNP AM 1410
"Well and was up about one percent in terms of total shipments of analysing those those mac sales to some extent to extend and and that's apple doesn't mind doing that you know it's it's got a long history of showing that it it doesn't mind cannabilizing its own product see no even if you look his back to something like when the ipod touch came out and the ice phone everyone knew that was going to cannibalize the ipods which was such a huge hit and you know apples happy to do that and they sold thirteen point two million ipod so it's a you know as a segment it's doing very well and apple watch as well which you know he's an broken out on its own it's part of a sort of a group of of of products but that's doing apparently extremely well as well with uh with record sales so it's it's it's not all doom and gloom certainly motor that plans for acquisition the house easily cash that that bringing back the united states yeah well apple's cash six somewhere at about two hundred eighty five billion dollars now which is no small countries yeah exactly yeah and you know they're going to be paying several tens of billions dollars in tax as well about thirty eight billion dollars and but essentially a big part of the plan is to spend significant amounts of money on acquisition on acquisitions as well as additional stuck by bikes apple is extremely tightlipped when it comes to the kind of companies that he's looking to acquire but we know that he has a great interest in things like augmented reality we know it has a big interest as well in automotive and and the kinds of software and and things that will go into the next generation of of autonomous vehicles so it's it's reasonable to suspect that some of the money would go towards helping it develop those product categories but as to exactly.
"eighty five billion dollar" Discussed on Bloomberg Radio New York
"A m in hong kong i've allowed i'm doug christner at bloomberg world headquarters in new york we got a rally underway right now in the japanese equity market with the nikkei higher by one point three percent dollaryen won twelve 62 will take a closer look at markets when brian curtis joins us in a few moments from now right now let's get you caught up on our stop asthma stories yeah the captors department of feeling kept block at and t's eighty five billion dollar takeover of time warner now this is an unusual new when it comes to companies are not direct competitors and bloomberg's david mclaughlin says the companies can take it out in court with the justice department or cut a deal fifteen weather 18 foreigner can come up with a way to address the government's concerns they buy like telling some assets but you know before they actually go to trial eighteen details the seat radicalize inexplicable departure from decades of eighty sentiment randall stevenson ceo of says he's not in the mood to compromise we cannot and we will not be party to any agreement that would even give the perception of compromising the first amendment protections so the press so we need agreement the results in us forfeiting control of cnn whether directly or indirectly nonstarter severance in says she looks forward to continued talks with the justice department you know it's kind of interesting age because we had a story about a week ago saying that eighteenth t would investigate the doj would something worth something like this come to pass and apparently it has to the fed now that chair janet yellen says that she's going to leave the fed completely wants her successor jerome powell was sworn in now she did have the option to stay on as a governor on the fed's board of governors until 2024 drag former us secretary the aclu has a new job he's joining private equity firm lengthy goldberg as partner focusing on investments and institutional relationship bloomberg's jason kelly says lou could help grease.
"eighty five billion dollar" Discussed on WTVN
"The mainstream media and and we would be worth pointing out the stock market did do well during the obama years and that was you know we had the fed and quantitative easing policy that you know that pumped eighty five billion dollars into wall street every month now what about what bellona wall street when i belen out main street eighty five billion that's quantitative easy that's the fed's policy at the same time the fed artificially depressed interest rates down zero just to keep the economy afloat now quantitative easing is over and janet yellen has raised interest rates three times since president trump was elected which is usually a drag on economic growth especially doing both at the same time now if she done that during the obama years the o economy would have collapsed so let's hurt the republicans chances having a good economies not difference it's it's it's it's hobbies what's going on but anyway the difference now is main street as well as wall street is surging under president trump investors business daily today earnings right now we're strong wall street journal reported yesterday that seventy three percent of s p companies have reported earnings exceeding forecasts for both revenue and earnings in earnings per sp 500 companies rose fifteen percent of the first quarter likely to grow a double digits again in the second quarter based on incoming data the fastest growth we've seen in six years let me tell you right now it's not an accident it's not a fluke businesses didn't all just decide that they were going to be investing in things we are going to be better you know you got new products continuing to emerge from the tech industry based on new technologies you got whole new industries such as like the the gig economy uber lift and many many others not to mention the energy sphere you don't we're going to create if we truly become an end up energy independent county sri we are gonna create millions and millions of high paying career jobs for americans and we'll have the added bonus benefit of not having to kit kiss the back sides of leaders of countries that literally despise in hate us and that makes us less likely to to have to get into some type of conflict in the middle east over the free flow of oil at market prices which would be good for everybody president as literally started the us down.