15 Burst results for "Emma Chandra"
Bloomberg Radio New York
"emma chandra" Discussed on Bloomberg Radio New York
"Our stock of the hour is Twitter as we wait for earnings out after the market closed today to give us a preview. Welcome now. Bloomberg's Emma Chandra. So, Emma, what are we looking for? Thanks, David will first Well, we're looking at Twitter hitting a seven year high today, gaining some 3% as we head into that earnings report after the bell in the US, you asked the main question, though, David with any earnings report, What are we looking for? What's the key metric and of course, when it comes to Twitter, it really is sales the majority of its revenues, of course, coming from targeted digital advertising, But the reason we need to take a good look at this number when we get that earnings report is that earlier this year we saw something of a drop off in sales down close. 20% in the second quarter. This is advertisers pulled back in the early days off the pandemic. Now we saw sales recover somewhat for Twitter in the third quarter, and we're expecting now for confirmation off that recovery of sales with those fourth quarter results after the bell and actually expectation that Twitter David May post its first billion dollar quote, so its second billion dollar quarter in terms of sales. Now it is really important, of course, that we see this recovery for Twitter because while sits at business and has been growing over the past few years, it's not been growing it quite the same piece as rivals like Facebook like Snap, and in fact, earlier this week, we started to see some reports. Twitter about how they may be looking to diversify their revenue sources, perhaps introducing a subscription service of some sort in order to get away from just those purely advertising dollars. We're also looking at what we're also want to see that those sales numbers come back as well because Twitter seeing something off a plateau in its most valuable market, that's The U. S. That's in terms of users. Younger users not as turned on by Twitter, as they are by the likes off Instagram Twitter really unlikely in the coming years to be able to juice the system, we're just adding more users, especially if there is that a younger are unlikely to take up the social media platform. Still, investors like the stock Certainly seen a change in fortune when it comes to those shorting Twitter. But 8% off the shares outstanding, were shorted back in 2018 David that has fallen by about 60% investors still liking Twitter, a great deal. And of course, there will be watching to see what happens when those results come after the bell. So I am a It Turns out, as you say, as oldsters are actually the ones here on Twitter that our Children are all over on Snapchat or something. Do we have any sense of what? We would pay a subscription before for Twitter? I can't quite imagine what it is to say. Okay. Now start paying for reading tweets. Well, of course, this is it still seems to be very much in the development stage reports by some of our colleagues in Bloomberg that they're starting to think about what they may be able to offer people via subscription, whether this happy news access to particular content, David perhaps again we might get some more information. More clarity on that from that earnings report after the bell. Okay, thank you so much damage China for that report. Twitter. Our stock of the hour coming up here. What will it take to get all.
Bloomberg Radio New York
"emma chandra" Discussed on Bloomberg Radio New York
"Really need? We're gassing. You said information. GOP and Democratic leaders have reached a deal or maybe a specified and said Bloomberg did break. How do you see the impeachment trial affecting stimulus negotiations? We should have expect Did that Karen Moscow and Nathan Hager. That's what President Biden wants as well. Weekday mornings advised Eastern on Bloomberg Radio, The Bloomberg business APP and Bloomberg Radio. Com. Bloomberg, the world is listening. Thistles balance of power on Bloomberg Television radio is business owners everywhere know their employees are now ruling to work from home or remotely has both some benefits and some challenges. Microsoft is trying to overcome the obstacles with a new product called Viva Microsoft CEO. Such an Adela spoke to Bloomberg exclusively about it earlier. Putting these things all together the employee engagement, learning collaboration and well being into one experience. Platform is what Viva is all about. On. I think that this represents a new category creation moment. If you look at what we've the journey we've been on with Microsoft 365. We started with individual tools. It became a collaboration. Sweet on now we think it's going to come really get into a new space around. Employees experience more holistically thinking about productivity, not just narrowly as output. But all of learning and well being and collaboration form or on the work from home culture and how it is affecting the demand for chips. We welcome now Bloomberg's Emma Chandra, so as far as I can tell, people want more than the companies can produce. That Is it In a nutshell. David and I wanted to talk about specifically Qualcomm out with earnings revenue, blowing it out of the water, Huge, increasing revenue versus a year before, But yet we're seeing the stock tumble today down around 10%. At the lows, in fact, hitting its lowest level in about eight weeks for Qualcomm. And the reason is this concern about supply a huge demand for chips. But Qualcomm not able to keep up with that demand, and this is, of course, because they also outsource their chip making capabilities to the lights of Taiwan Semiconductor also sounds like and those companies not able to ramp up production. In the wave is necessary in order to deal with this huge demand for chips, and it is related to the global pandemic and the fact that we're seeing more people working from home or people buying and using devices that require these chips that we heard from Apple, of course say that they demand for the iPhone. 12 is huge, but they don't can't get enough chips, right? It's not just working from home on computers there with the pandemic, of course, more people buying and using cars as they avoid public transport. And so we're hearing from the automakers that likes a Ford GM, saying that they're not able to ramp up production in the same way because they can't get the chips they need for cars, which are, of course, increasing these smart and so we're seeing this big demand for chips but not able to meet that. We are hearing from the companies. The second half of 2021. We should see that supply come back and that the demand may be able to be met by the second half of this year, David So hopefully we'll see a change in the story then and certainly if you look at this socks at the semiconductor index for this year. Out its best besting the border market. David as you, perhaps that's looking at what we might expect in the future. Sounds like there's a fear my capital investment coming online. At some point here, they have to really build things. Thanks so much that Bloomberg's Emma Chandor for that report on the microchip business coming up here, we're gonna talk about the economic challenges Europe is facing from United.
Bloomberg Radio New York
"emma chandra" Discussed on Bloomberg Radio New York
"What about aftershocks in response to the U. S China relationship? That's one reason we cover Asia's so well Do you expect concern around while way The other is that we're Bloomberg. The State Department says Chinese companies are Risky. Bloomberg Daybreak Asia, you consent, Gonna get even lost stretch tonight at six. Eastern on Bloomberg Radio. The Bloomberg business out on Bloomberg Radio. Com. Bloomberg, the world is listening. This is about power, Bloomberg television and Radio. I'm David Westin Stocks rebounding today, after all that turmoil because of games up last week, although there is seems to be a little bit of something going on with silver and Emma Chandra is here to explain that to us. Save it just something going on with silver. The precious medal briefly breaking through 30 Bucks an ounce, powering through its 200 day, moving average, hitting an eight year high at one point and now in over Port territory, David that's above that 14 day Rs. I figure and what the catalyst of this. Of course we're talking about. Read it. We're talking about Wall Street bets. The forum there. Opposed at suggesting that the day traders should get into silver. Now we are starting to see some conflict emerge between the day traders on that read it for him. But whether or not they should be looking at silver investing in silver, but certainly seeing a spike for the precious metal today, and that is having an impact on equity. So we're seeing some of the miners gained today over here in Europe at the miners leading the rally in Europe today and look at some of those individual names. We're looking at curve there at double digit gains for Her mining today at the same convey said, as well for heckler mining double digit gains at the highs of the session. They were seeing multi year highs there, David and if we look at those that in context of what's happening in the broader equities markets in the U. S materials, actually, one of the smaller game is on the major city, and that's because we're seeing a sea of green every single sector in the S and P 500 in positive territory today. Of course, we're looking at big gains at for a while A major averages being led there by the NASA. Look at that up 2.5% today. Of course, we get some off the bigger earnings to bigger named earning. Today. We're talking about Google's alphabet, off course. But what, then off games stop. Of course. That's the reason we've been doing all of this reporting at the moment, a bit of a different day for games are firmly in the red down 20% now off the lows. It's a game stop, but we're seeing Gamestop stopped falling as we're hearing that short interest on the stock is also falling down to around 40% of the free foot. That's much lower than what we're seeing last week, and if we finally take a look at some of the other red, it means the likes of AMC still gaining a bit, but nothing like we saw last week, David Okay? Yeah, exactly a little common the last week, but almost anything would be thank you so much. Ramachandra for that report on silver and the mining company's coming up on balance of power. We're going to talk about us European of chicken German relations with the former.
Bloomberg Radio New York
"emma chandra" Discussed on Bloomberg Radio New York
"How many of them have remained on the job? Throughout this people are not going to be in public Transportacion. Nobody knows you have received £600 million in the UK, but we can promise the most complete information and the most detailed analysis. The question is what kind of recovery will be due every twist and turn. Would you be wary of investment in China? At this point, Bloomberg Radio, The Bloomberg Business happened. Bloomberg radio com Bloomberg the world is listening. This'd is balance of power on Bloomberg Television and radio. I'm David Westin. We're in the thick of big tech earnings. Microsoft kick things off yesterday with the big beat, and today we'll get the latest results from Apple, Tesla and Facebook, joining us for a preview his Bloomberg's Emma Chandra, So it is a big tech week, Emma. It really is a big tech week. David. Some big names expected to make some big news. The Titans off Silicon Valley no less a lot of them reporting after the value mentioned a number of those names there. Let's start with Tessler. What you might be looking for as you await this Tesler earnings, of course, were tested. Always looking at the number of vehicles delivered. Now we already know That the company just missed its 2020 target for vehicle deliveries Falling just 50 vehicle shy off that 500,000 vehicle target to the focus will immediately be on the future. What can we expect for them in terms of deliveries in 2021 expectations that it could be more than 800,000 and then into 2022 that it could rise? More than one million vehicles being delivered by Tessa is the model y that SUV crossover vehicle that is expected to drive that big increase in deliveries. A turning to another tech titan. Of course, let's talk about apple. Now Apple is interesting. We could see Apple Post its 1st 100 billion All the quarter when it post its earnings expectations for amount of revenue off about $103 billion there now, of course, revenues driven by sales of iPhone, but a lot of data they're saying that it is the more expensive models that might have driven at that big revenue gained the likes off the iPhone 12, Let's move on to Facebook, Of course, Facebook also reporting after the bell today for there, you need to look for advertising revenue. That's really the big metric that a lot of Come, people. Facebook watches really want to see the expectation that ad revenue could have risen to around 20 reason. 26% year over year. Now it looks at Facebook could have bean a beneficiary from the pandemic in the sense that we saw more people shop online, a lot of big surge in e commerce, and that meant that ad budgets were at shifted ATM or to the digital side, and that would have been a big beneficiary at four Facebook. Of course, they've icon and a hit with you without talking about the other big company stories of the day. And, of course, that is Gamestop on the likes of a M. C. Those breathtaking rallies for those stocks at continuing apace looking at triple digit gains in percentage terms for those companies today, of course, And this is even if we're hearing that the short sellers who are being squeezed by this starting To capitulate. David to that is a story that we are all watching into continuing to want to give something then the attack Tatum, but it's gonna take a titanic levels of attention. Question about it. Thank you so much damage China for that report on tech, extraordinary numbers being posted for Gamestop are raising a basic question. Can they do that for a take on what? If anything, existing laws and regulations say about the sort of extreme positioning we're seeing? Welcome now. Aimee Lynch, she's founder of Frontline Compliance. Which advises financial services companies on securities law and regulation. Miss Lynch earlier served with the SEC. So welcome. It's good to have you with us. So what, if any laws or regulations apply to what we're watching right now? It is certainly an outline phenomenon. David. Thank you for having me on your show today. And yes, This is a very interesting phenomenon We're seeing right now with several of the issue is out there that are being hit. By this scheme, and I will call it that. So right now we have a perfect storm occurring. We're seeing Main Street play against Wall Street in the fashion that hasn't happened since the late 19 nineties. So that it did happen once before back. Is that the dot com bubble, and we're seeing it again now. So the we're seeing the rise of the day traders versus the rise of the shorts. And the regulators. I'm sure are watching this very closely as we speak, and they have all of the market data available to them to see these transactions. They will be looking at the short selling. They've got several tools in the toolkit to do that. Our rules and regulations regarding short sales. And with the new chairman coming in Gary Gansler, I'm sure he will take a look at that. With his background in derivatives transactions. He is keeping a close eye on this. So be more specific. Can't Amy, for example, I don't know much about securities regulation. But you have so called pump and dump, which is understands You started talking stock up, too, so you can sell it at a profit. It's not clear. That's what's going on here. Is it Well, it is actually a form of that. So you have these traders there in these chat rooms, and they're purposely talking up these issuers to later than sell them at a profit. So that is The definition of a pump and dump. That's the difference here that we are seeing is normally that is a scheme that is being done by some sort of a professional investor who is trying to defraud customers. And in this case, we have retail investors who are trading for themselves. Most likely it will be interesting to see if any of these traders are actually training for others, and I'm sure the SEC will take a look at that. And also they're not hiding it. They're saying this is what we're doing. This is this is why we're doing it. We're going after the short and trying to squeeze them out of their trade. There's no false information. That's a fairly being spread me these chat rooms, but it does him for fraud number left. Well, that that was exactly my question. Because my understanding when I took securities law, way back in the old ages, Basically, the entire foundation was on disclosure and let the investors decide. I'm not aware him spent a lot of time on Reddit, but I'm allowed to wear low material misrepresentations about game stop. They're basically saying, we just want to buy this up to really hurt the short sellers. That's not the misrepresentation. So can the law really could go after that? That's it a great area, So if the intent is to harm other investors, and it seems like it is, I think we'll have to see what the end result. Is after this, and maybe in a few months will know because some smaller hedge funds and titties out there that have trading strategies to short retail issuers. Could be put out of business by this activity, so in a few months will know what damage has really been done. And if there has been enough damage, then perhaps the SEC can make a case. So, Amy..
Bloomberg Radio New York
"emma chandra" Discussed on Bloomberg Radio New York
"And radio. I'm David Westin. There is news breaking across the Bloomberg right Now there's a vote going on in the Senate to confirm Tony Blinken is the next secretary of state, although that vote continues, they now have enough votes. So Tony Blinken will be the next secretary of the United States. In the meantime, let's turn to that, while dry that Gamestop's had markets have been captivated since late last week with the phenomenon that is Gamestop and the battle between short sellers and a group posting on Reddit With stacks shooting up in fluctuating wildly, and the Chandler is here now to bring us up to speed on the drama. That is game stuff. So Emma is quite a story. It is quite a story. It is quite a drama. David is keeping everybody entertained. I think as a lockdown in many parts off the world, let's start with a few numbers 32%. That's how much a stock popped at the open today. 400%. That's how much it's up this year close to 2000%. It's up in the past year. It is the story that doesn't seem to die. And as you mentioned that in the introduction, it seems to be a battle between short sellers who were heavily short the stock. Let's talk about the revenue. The revenues of the Talking falling. It was a dying company, You know, physical stores in mall selling games, People thought that it has had its day. And then, as you mentioned there's a bunch of retail trade is using Wall Street bets a forum on Reddit to talk up the stop saying that there are some good things about the fundamentals and also playing a game. It seems trying to be The short sellers, And that is perhaps why we've seen such a huge rally in Game stock Stop Gamestop stock over the past few days, weeks and in fact, over the past year also, David so Emma speculate with me here a bit. We're not supposed to do those journals but speculate with me. We've had social media before, like, Read it right. It's been around for quite a while. We should have had short sellers for a good long time. Come. These two came together in this particular stack at this particular time. That is, That is a very good question. David and a lot of people are pointing to the founder of Chewy. That's the company that sells pet food online that he's now a board member off game. Stop it. Someone who started to build a position in the stock back in August of last year, saying that their ways for this company to turn around that it could become more of an e commerce company that it could be one that dealt with games that a downloadable, which is of course, at the direction of travel we're seeing in that. Particular sector on once he got involved Ryan code That's when a number of other those retail need retail investors started to get behind what he was doing on. That's why we might have, And that's perhaps why we have seen this big change or this big rally on this big focus on Gamestop, but for a spectator's We love a good short squeeze. When Cohen comes along, I have to say thank you so much to Emma Chandra for that report on Gamestop Coming up Raytheon earnings beat today We're going to speak with CEO.
Bloomberg Radio New York
"emma chandra" Discussed on Bloomberg Radio New York
"How many of them have remained on the job? Throughout this people are not going to be in public. Transportacion. Nobody knows you have received £600 million from the UK, But we can promise the most complete information and the most detailed analysis. The question is what kind of recovery will be due every twist and turn Would you be wary of investment in China? At this point Bloomberg Radio. The Bloomberg business happened. Bloomberg radio Com Little bird. The world is listening. This is balance of power on Bloomberg Television and radio. I'm David Westin. It's time now for stock of the hour. And if it weren't upon, I would say the test is on a roll. As the shares now have gone up above $800. It is now believed that the fifth largest U. S Corporation here for a full report is our colleague Emma Chandra. Yes, David Tesler knotting up another record today again, off close to 8%. It's actually gained about 23%. Just this week. It's on an 11 day rally to that straddles the end of 2020 in the beginning off 2021. You mentioned the share price. They're close to $900 just 103 days ago that share price. With some $200 David, perhaps that the most emblematic off showing how the friends we've seen this frenzy in Tesla's shares over the last few months. And indeed, of course, the last year or so the company could soon be knocking on a trillion dollar valuation. It is it about $800 billion at the moment, and I wanted to put that in some perspective for you, David. That means that Tess Tess Taylor Is worth more than GM, Ford, Diamond, BMW and Volkswagen combined, and then some. It really is a spectacular rise for the electric vehicle company, and we've also seen this week too skeptical analysts David They've capitulated at today hearing from ever calls McNally upgrading the company from a greeting the company to a hold and saying they've bean on considerably. The wrong side of the story For Tess let for more than a year yesterday we heard from Joe Spacca, RBC. Say he'd get he'd got this stock completely wrong Now. Of course, All of this has been pretty good for the founder of Tesla's Elon Musk. Just this week. We've seen him being get the mantle. I suppose you could call it of being the world's richest person is probably the fastest wealth creation in history. Some 165 Million dollars. Added to his fortune in just the last year. Some trivia for you, David as well. I wanted to talk a little bit more about test it went public back in 2010. The stock price has risen more than 23,900% since 2010. David. I must say, I don't think I know how to calculate a 23,000% increase. I'm not sure if you gave me a calculus could be Oh, I didn't do that calculation myself. I'm sure you could. Okay. Thanks So much for China. For that report. Our stock of the hour, which is test love coming up next. The head of New York's largest hospital groups. Steve Corwin,.
Bloomberg Radio New York
"emma chandra" Discussed on Bloomberg Radio New York
"I'm David Western. We're beginning to see some reactions the equity markets to yesterday's Georgia elections with different sectors affected in different ways to give us a snapshot. Welcome now. Emma Chandra Emma. Thanks very much. David, is it It is a case of what is hot and what is not. Today, David. Big moves at either end off the red and green spectrum. Let's start with what is not doing well today, and that is technology that now stack 100 firmly in the red. And it's the big names. There's Trillion dollar means that air doing particularly poorly the likes of Apple, Google, Amazon aled down. Close to 3% at the lows of the session. They have called back a little since then. Look at that Apple down now around 7/10 of a percent. The concern, of course, is that these companies will face greater scrutiny. Greater regulation as we look at where the possibility now or the more certain possibility off a united government. Of course, they would also be impacted Bennett any changes to corporation tax the capital gains Also some of the new Age tech the likes of Zoom look at that down some 3% today getting caught in the downdraft. Let's flip now to what is doing particularly well. And I want to mention financials following their European cousins to a sizzling rally today. J. P. Morgan up the most since separate Morgan Stanley, the highest ever, of course, a reflection trade seeming to be Me back on. We saw the 10 year yields rise above 1%, and it's still up there for the first time in some 10 months. Finally, I wanted to mention some other cyclicals doing well, the lights off the infrastructure stocks. They're doing particularly well. Cata bill on a five day winning streak. It's risen from 10% in that time. Also Martin Marietta up 7%. They make asphalt and gravel to go into buildings. On in two roads, of course, expectation that abide administration and Democrat Congress could finally get an infrastructure deal. I'm pretty sure we talked about that. Four years ago, David and again and again and again, that's right here, but thank you so much damage China for that report on the very sectors and equity markets coming up in our second hour balance of power. We're gonna head to Capitol Hill.
Bloomberg Radio New York
"emma chandra" Discussed on Bloomberg Radio New York
"Pay attention to results, measurable results. How you gonna measure success here? How you gonna measure yourself and say yes, we accomplished what we wanted, accomplish or not. Way measure success by whether or not we're helping get out the vote not who wins but whether we help get out the vote, and there's no doubt that early voting State Farm Arena and Mercedes Benz Stadium helped get out the vote helped people put or I should say go to vote with the better, more comfortable feeling that it could happen in 20 minutes, Not five hours s O to me that processes helped, And I think of anything. If you looked in the city of Atlanta or metro Atlanta, Ah, year or two ago, Visa VI voting and access to voting. I don't think it was something we'd all be proud of. But I would say today we're very proud of the ability For folks to get out to vote. And, frankly, the numbers that are out there voting, so we should all be proud of that, Tony. It's terribly important for all this is U. S citizens to encourage people to vote is possible, but put this into the context of you as a citizen of Atlanta of Georgia. How this fits into a community. It's very troubled. Oh, so many communities are across the country by the pandemic by the economic aftermath of endemic how does this fit in to really try to put back together your community to try to help it heal? Well, I think every citizen wants a voice and the ability to vote is the voice. So the inability to vote Takes away that voice so every community should make voting more accessible if they can, and sometimes I think we said earlier, David, I just wanna, you know, Sometimes the public sector needs help from the private sector. And when you know if you will, if you have ah basketball arena or a football stadium and you happen to be in a pandemic, and it happens not to be getting used as frequently as we wish it could be. Let's use it for other benefits. And help the community. Uh on. I think that's precisely what we've done, and we're proud of it. How is that private partner of Public partnership worked with the officials. The voting officials down in Georgia has been a lot of talk about some of these people. I got a lot more Preston. Frankly, they probably wanted to have in recent days. How's it been working with them? And what is your assessment of how they've held up to a lot of pressure a lot of scrutiny? Listen. Now there's been an enormous amount of training and work involved for Hawks employees for public voting officials to be trained and for what it's worth. We think the process worked very well. Um, it's of course, an incredibly close election. It will be in an incredibly close run off. It appears, but the numbers I am getting the vote out have gone up considerably in Georgia and across the country, and by the way the vote On the process has worked. I'm not sure who would. There are folks arguing with that, but based on the process, I think people should have comfort in the fact that we're getting more people to vote and to use their voice. That's a positive no matter what side of the island you might Sit down, Tony. There's no doubt in talking to you over the recent weeks that you're trying to do good down there. Can you also do well and well, particularly for the Hawks franchise as a citizen there? Does it affect you as a sports franchise when you really participate in the local community, and I will say it's not just in voting that you've been doing down there in Atlanta. Listen, we've committed ourselves on. We think we are a community asset. Whether we're helping in voting rights, whether we're helping in K 12 public education, whether we're helping with black economic empowerment, whether we're helping with frankly the the empowerment of black financial institutions in the refinancing of certain loans that we might have is a As an organization or is a franchise now we're proud of the fact that we think we're helping the community We live in on by the way, making state farm arena of voting location that makes voting more accessible. Please understand. We had enormously positive support from all of our fan base from black from white from Republican from Democrat from Hispanic from Asian Day. The The support has been really enormous toe help. Make voting more accessible. That's that's been a positive. I don't know whether that helps us make more money, long term or whether we have more fans as a result, But I do think the commitment we have To being a positive member of the community to help where we can. Um, I think it's the right thing to do, and I think hopefully will help our franchise. But we lost a tough game last night to the next, so hopefully it'll help us on the court down the road with the last night, the Knicks are doing a bit better this year so far and bust, saying what I wanted to ask you about that conclude, really on what's going on with the NBA again. Last time we talked, you were just on the cusp of starting the season again with a lot of restrictions. A lot of restrictions does a cove it? You're out from the bubble in Orlando thus far. How is it going? How How is it working for your players for your organization for the league in general? Well, there's no doubt it's a strange environment to have quality basketball played without fans. But yet I'm really to the credit of the players. The quality of basketball on the court has been remarkable. Even though you don't have the excitement on the energy of fans in the arena, so the quality of basketball has been superb. I think everyone in the end he appreciates. This is ah, day today and we have to try our best, and we have to make sure that we follow the rules and the regulations which have been somebody say excessive, but certainly very, very cautious. Trying to protect not just the players, but all the folks in basketball operations all the folks that are working in the arena. All the referees are all of the folks putting these games on. Including media folks, etcetera, So we're trying to be super cautious. We know that it's not easy, but so far, I think we should be pretty proud of ourselves. And I think we're getting very good ratings, at least from fans on television and various media sources. So, so that's the good news. Um, but listen, it's a long season. Not as long as usual on the 72 games, but we'll see as we go on. And I do think so far so good, I think would be my argument. All the fans wish you well. And good luck. Thank you. So much tell you always great to talk to the 20 rest. Or he's executive chairman of Areas Management. And now let's go across the Atlantic Have British Prime Minister Boris Johnson was just been giving an update on Cove. It It sounds pretty grim. Here is Emma Chandra with the details. Thanks very much David, and it really was pretty grim. And the grimmest message, in fact, came from the chief medical officer, Chris Witty. You spoke after the Prime Minister Boris Johnson and Chris Witty, saying that one in 50 people in the UK is now infected with covert 19 that puts it into pretty stark terms. He also said that infections were rising everywhere, largely as a result off this new variant. Another prime minister, who spoke first had slightly better news. Perhaps he was given Good news when he addressed the nation and he was talking about vaccines, and he was telling us that 1.3 million people across the UK have now had one form of vaccination. Either the fires that biotech vaccination away the Oxford AstraZeneca vaccination. What was also interesting now is we got some numbers in terms of who had been getting those vaccinations..
Politics, Policy, Power and Law
Musk bid for Tesla: no formal offer, no firm deals with advisers
"Tesla's board has formed a committee to evaluate an offer by CEO Elon Musk to potentially go private we get the details from Bloomberg's pitchy Sikora this. Comes a day after the chief executive officer revealed more on who will advise him and help fund the potential deal the committee hasn't received a formal proposal from us and hasn't. Reached any. Conclusion on whether taking tesla private. Is advisable or feasible musk touched off the process a week ago with a, highly unconventional announcement of an effort to take a company off the public markets in a tweet late Monday the chairman and CEO said he's getting advice from Goldman Sachs. And private equity Firm silver lake and had lined up legal advisers he also says doughty Arabia I. Approached, him. With interest in taking tesla private, early
Bloomberg Markets
Google and Uber invest $335 million in Lime scooters
"Hi carol nine o'clock tonight wall street time isn't president trump announces his pick to succeed anthony kennedy on the us supreme court sources tell bloomberg appeals judge thomas hardiman is solidly in the mix also judges brad kavanagh amy coney barrett and raymond catholic bloomberg supreme court reporter greg stohr says whomever the president chooses is likely to be a reliable conservative both parties and especially the republicans have gotten very very good at picking the type of justice who will be reliable vote for them down the road we don't see as much shift these days bloomberg radio we'll have live coverage of president trump's announcement again it begins at nine o'clock wall street time the face of brexit is out boris johnson has resigned as prime minister theresa may's foreign secretary hours after brexit secretary david davis did the same may is standing firm though on her strategy for leaving the eu the proposal that will take back control of our borders our money and but do so do so in a way that protects jocks allows us to strike new trade deals through an independent trade policy and keep people safe and our union together in his resignation letter johnson accused may have raising the white flag of surrender into goshi with the eu at wimbledon raphael nee dow roger federer and serena williams advanced to the quarterfinals federer did it in straightsets one more those and he'll beat his own record winning streak at the all england club global news twenty four hours a day on air and at tick tock on twitter powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries i'm nathan hager this is bloomberg thanks nathan now with our other top stories i'm emma chandra is teaming up with line to rent out scooters through in tap line service let's customers renske uses and then leave them on the sidewalk for the next person to pick up uber's investment is part of a three hundred and thirty five million dollar financing round alphabets venture arm is leading the deal which values the scooter business at one point one billion dollars details of the.
Bloomberg Markets
China's penetration of Silicon Valley creates risks for startups
"The japanese companies annual meeting that many had looked to as a gauge of investor dissatisfaction with the shire deal the proposal put forth by small group as opposed to takeda's bid for shire whatever acquired the drugmaker to obtain prior approval for acquisitions bigger than nine billion dollars the company said today only about ten percent of those voting in favour of the proposal if completed the acquisition of shire would be the largest overseas deal by a japanese company and catapult takeda among the top ten global pharmaceutical companies by sales steve potisk of bloomberg radio alibaba is scaling back its presence in silicon valley amid president trump's crackdown on chinese investments the ecommerce giant strategy had been to get us businesses to use it online bizarre to reach chinese customers the company it also taken sizeable stakes names like fanatics lift and snap alibaba says it will refocus its business on china and southeast asia starbucks chief financial officer will retire this year scott moore's retirement comes as the coffee giant grapples with slowing sales in the us a tricky expansion key chinese market and the departure of longtime executive howard schultz he built the coffee chain into a powerhouse coming up a two hundred million dollars bat on an atlantic city casino i'm emma chandra this is bloomberg join bloomberg and top institutional investors in zurich this june for the.
Bloomberg Markets
SCOTUS upholds Trump's Travel Ban
Bloomberg Markets
Watch: Trump speaks to families of loved ones killed by undocumented immigrants
"National headlines over to nathan hager we go he hi carol later this hour president trump is going to make some remarks about immigration at the white house they'll be joined by families whose loved ones have been killed by undocumented immigrants it's morning the president kept his remarks to twitter saying republicans should stop wasting time in his words on an immigration bill until after the november election house leaders have put off a vote till next week on a bill that would let dreamers apply for visas and provide funds for a border wall whenever they delay something because they don't have the votes they need doesn't bode very well republican leadership wasn't really able to get the conservative that didn't like the more moderate measure enough of them on board in order to pass the legislation bloomberg's kathleen hunter today mark six months since president trump signed the gop tax cuts into law and democrats are marking the occasion by highlighting the national debt is coming out of education food stamps and the rest but affecting medicare and medicaid social security disability benefits very directly she tax break for the high end house minority leader nancy pelosi speaker paul ryan held some events of his own this week but many questions that lawmakers faced at those events were about immigration the supreme court gave a big boost to digital privacy rights today in a five four decision the justices ruled that law enforcement we need a warrant to get cell phone tower records if somebody's location prosecutors asked for data in tens of thousands of cases a year at the world cup early in the final game of the day serbia with a one nil lead over switzerland i'm nathan hager this is bloomberg now with our other top stories i'm emma chandra pacific investment management oaktree capital and bain capital are among bidders for one point two billion dollars of bad bank loans bloomberg has learned that portfolio dubbed project jupiter is made up of loans backed by real estate who extended to small and mid size companies the biggest nordic banks says any money manager who is serious about ethical investing should drop facebook we get that story from bloomberg's jeff bellinger nor does head of sustainable finance says the social network was unresponsive to questions about the cambridge analytica scandal sasha best lex says a company of that size with that type of risk quote should have been far more responsive and proactive in the way they respond to investor requirements best luck has made controversial calls in the past once even banning the fund from adding day own shares amid a tax avoidance probe his approach differs from many sustainable investing peers who say it is it's better to engage with companies and seek to influence their behavior than divest jeff bellinger blackberry is making good on its plans to turn from feeling smartphone maker into a mid range cloud software provider the canadian company beat revenue estimates for the fourth quarter in a row blackberry has pushed more aggressively into the auto tech field the company that owns panera and a bomb path it's close to collecting more than five billion dollars in its latest round of fundraising bloomberg's gina.
Politics, Policy, Power and Law
Spotlight: U.S. faces retaliatory tariffs worldwide amid escalating global trade spat - Xinhua
"And we had we're actually talking to former new york senator al d'amato yesterday about this republican and he said republicans need to do something about this it is it is supposedly the party of family values right sure i'm just throwing stuff out ask a question i'm just reporting what a former republican senator said about yeah he he definitely reflects a a probably a pretty small fraction the republican party these days that that wants action on this issue once actually a sort of a in a progressive way or a liberal way i guess to to help immigrant families and young immigrants in this country or who are undocumented well to quote another tweet from the president i think on this issue it never ends bloomberg news white house team leader alex wayne thanks guys enjoy the weekend i let the latest world the national headlines right now nancy lyons is standing by in the bloomberg ninety nine one newsroom thanks nathan president trump is trade threat today saying the us will impose a twenty percent tariff on all cars imported from the european union this unless the trade bloc backs off of the tariffs that took effect today on us goods like harley davidson motorcycles in bourbon whiskey bloomberg's craig trudell covers the auto industry in detroit he says tariffs on foreign cars especially those from germany will hurt hurt us manufacturers like ford they have some vans that come into this market and make some vehicles in europe you have chrysler which obviously employees a ton of people around here in detroit that they have vehicles coming over from from europe some jeep suv's i don't know that the administration has really addressed this fact that that there would be significant punishment handed down to some some us companies in addition to the germans that you know he he's taken to task many times on twitter and interviews the supreme court says police generally need a search warrant if they want to track criminal suspects movements by collecting information about where they've used their cell phones the justices five four decision is a victory for privacy in the digital age police have used the collection of cell phone tower information in many of their criminal investigations president trump is expected to make remarks on immigration this afternoon when he meets with angel families those are families who have lost loved ones due to the actions of illegal aliens at the world cup today nigeria just to feed iceland twonil earlier today brazil beat costa rica global news twenty four hours a day on air and at tick tock on twitter thanks nancy now with our other top stories i'm emma chandra is news update is brought to you by national realty developers of prime new yorker broke in philadelphia and delray beach real estate up to twenty percent return properties see them at a dot net.
Bloomberg Markets
Keith, Tim Buckley Fritzy Russel and President And Chief Executive Officer discussed on Bloomberg Markets
"The payments of the best way to avoid risking seizure of its mining assets they're rich in copper and cobalt and a key part of glencore strategy of profiting from the demand for electric car batteries ed corry bloomberg radio a revolt by mckesson investors has cut chief executive officer john hammons pay by ten percent the international brotherhood of teamsters led a campaign against mckesson executive pay plan in two thousand seventeen after accusing the company of aggravating opioid epidemic the board responded by trimming hammerstein's twenty eighteen pay by almost two million dollars and making changes to the compensation process lucy excuses harvard of discriminating against asian american applicants the same way it one set quotas on jewish students the plaintiffs say they have evidence at harvard has engineered the admissions process to achieve illegal goals harvard has said it does not discriminate coming up the latest on china tariffs i'm emma chandra this is bloomberg join bloomberg and top institutional investors in frankfurt this june for the future of ntfs gain unparalleled insight into europe's growing etf market from city groups european head of market structure james van god's president and chief executive officer tim buckley fritzy russel's head of etf's kenner keith and.