17 Burst results for "Eric Lamb"

"eric lamb" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:45 min | Last month

"eric lamb" Discussed on Bloomberg Radio New York

"Now the big focus today here in the UK is the change in the holiday regulations. Portugal No longer on the green list is on the amble ist Absolute chaos for a number of holiday makers and a lot of big travel firms tearing their hair out as well, saying the holiday season is basically well, a busted flush Also cause today we're waiting at that big jobs, data payroll, nonfarm payrolls out of the U. S. Will it confirm a sense that hiring is really back in season Or will it be a bit of a disappointment like last month was Let me bring you up to speed with what's going on with the markets this morning and Asian stocks actually a bit mixed this morning. The topics is pretty flat. The Nikkei is down half of 1% Hang saying absolutely flat SC 300 up 4/10 of 1% and the Shanghai Comp is flats. It really hard to perceive much of a direction there, and if we look what's going on? In Europe European features right now in the red stocks 50 futures down around the 10th 1% German futures actually flat and futures absolutely flat in the U. S. S and P 500 Dow and NASDAQ, Not really moving anywhere right now. In the bond space. U S 10 Year Benchmark Treasurys on 1.6 to handle this morning. The dollar strengthening a little around the 10th of 1% on the Bloomberg dollar spot Index and the pound weakening around 10 to 1% on cable 1.4095 this morning. An oil after a week of gains, losing a little bit now wt down 1/10 of 1% $68.71 a barrel print down 2/10 of 1% $71.18 a barrel a quick look there at what's happening on the markets this morning, but let's bring ourselves up to speed. Let's bring in Eric Lamb from our cross asset team in Asia, Eric. Very good morning to you. Thanks for being with us now. One thing I didn't mention there, of course, was Bitcoin hovering in the mid $30,000 mark this morning. It all seems to be down to Elon Musk. So tell us more. Yeah, well, it's certainly a recurring theme. We've talked about this multiple times over the last month. Is you animal you want? Musk is at it again with a twitter accounts. Um, seeing the prices down about $1000 at the moment to 37,600 or so he tweeted this morning kind of a cryptic greet, um, posted a hashtag Bitcoin but then with a broken heart emoji And then a meme image, making a reference to a song lyrics from Lincoln Park. Um, and it all kind of concludes, there seems to be the conclusion is that maybe hinting at a possible break up with the Cryptocurrency and the price is moving accordingly. Now to be fair, the price is not moving as much as it has in the past. But it is down today. So again, it seems the same old story over the last month is Elon Musk tweets in the market reacts? Yeah, embarrassingly in Shanghai age actually had to Google Lincoln Park and work out what it was all about. But anyway, most people I'm sure be a lot more okay with it. But Eric, what about to investors holding their breath waiting for the payrolls? Data in the U. S. Has that playing up? Yeah, As you mentioned the markets and the agents, they are really looking very steady. I think investors overall are not wanting to make too many big bets either way ahead of what's going to be yet another really significant. U S data point here. We've got that ongoing debate over The potential for higher inflation and also potential moves from the central bank in the Fed, and this is yet another number. That's going to give us a better indicator of if we're going to have higher interest rates in store in the coming months, or at least the potential for Titan. They're tightening in monetary policy. So really, I think investors are just kind of holding their breath as you say, and waiting to see what happens. Especially also the fact that this is coming to the end of the week for trading in Asia as well. We're not going to know the numbers until after the close in Asia. So, uh, setting up for an interesting trading on Friday in New York, Sure. Certainly sounds like Eric. Thank you so much. Eric Lander joining us real time. Market commentary and analysis. Check out markets live M l I V on your terminal. Right? Let's go to some of our top stories. We start here in the UK news that the green travel list is being slimmed down rather than expanded has prompted a very angry reaction from travel firms and passengers. Speaking yesterday, the Transport Secretary Grant Shapps urge people to have a bit of patience. I appreciate this is a difficult decision. I understand that we are all desperate to see the world returned to normal that can only happen through the domestic unlock. First we all looked towards the 21st of June to see what can be done and the data and we simply don't want to put that at risk. It's another blow to the airline industry, which is crying out for reopening of European travel to E says it will do untold damage damage to consumer confidence customer confidence while if Heathrow Airport says It all but guarantees another lost summer for the sector. EasyJet's chief executive says the move cuts the UK off from the rest of the world. Meanwhile, data from Public Health England released on Thursday evening. Show that the Delta variant, which is the one first detected in India is now dominant in the UK it now accounts for 75% of all infections here. The data also indicated that the variant was significantly more likely. Cause serious illness than the Alpha variant, which has been the dominant one across the UK since its detection in Kent in A new survey shows companies hire permanent staff at the fastest pace for 23 years in May. The Financial Times is reporting an easing of covid 19 restrictions and hope reopening of more sectors.

Elon Musk Eric Lander EasyJet New York 37,600 Eric Lamb Thursday evening Friday 75% India Public Health England Asia 23 years Eric Musk Europe UK yesterday May twitter
"eric lamb" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:53 min | 2 months ago

"eric lamb" Discussed on Bloomberg Radio New York

"We check the markets every 15 minutes Throughout the trading day on Bloomberg S and P Futures up, 15 points the moment Dow futures up 98. NASDAQ futures up 86 points, 10 Year Treasuries up 3 30 seconds, The yield 1.59% yield on the two year 20.14% and Nymex crude oil's down 6/10 percent $65.63 a barrel Namie Nathan. We begin with the latest on Belarus. The country is facing broad sanctions from the EU after forcing a plane to land in Minsk and arresting a journalist on board. You leaders of band Belarusian Airlines from flying in the EU airspace and have urged carriers to avoid flying over Belarus. Here's the European Commission president Arcila Vonda lion, this outrageous behavior needs a strong answer. Therefore, the European Council decided that there will be additional sanctions on individuals that are involved in the hijacking, but this time also on businesses and economic entities that are financing this regime. European Commission president Arcila Vonda lion says the actions of Belarus were an attack on democracy. Meantime, President Joe Biden is joining EU leaders and calling for sanctions on Belarus. Bloomberg's Ed Baxter has the story the U statements call it a hijacking. The president has not gone that far. But in an official statement, he does say he welcomes a call for targeted sanctions and has asked his team to develop appropriate options. He's also made it the democracy issue, saying, Quote for months, the Belarus Ian people have made their voices heard demanding democracy, respect for human rights and the preservation of fundamental freedoms. United States will continue to stand with the people of Belarus in that struggle in San Francisco. I'm Ed Baxter Bloomberg a break. All right, thank you. The international incident comes as the White House remains laser focused on an infrastructure bill, and now we're learning Senate Republicans are planning a new offer to the president. I want to get the latest now live from Bloomberg's around need A young. Good morning. Renee to Good Morning. Amy. Senate Republicans say President Biden's latest $1.7 trillion counter offer is too costly. But they'll continue working on a bipartisan agreement. Mississippi Senator Roger Wicker says the GOP would be willing to spend $1 trillion over eight years well above their earlier offer. West Virginia Senator Shelley Moore, Capitol who's the lead Republican negotiator, says she'll meet with her colleagues over the next day to determine what the exact offer would be. But if the two sides cannot strike a deal, the White House could bypass Republicans to pass its own plan in New York. I'm re need a young Bloomberg daybreak. All right, we need a thank you. The White House is hoping both sides come to an agreement and get a deal done. We caught up with Jared Bernstein, a member of the White House Council of Economic Advisers, the fact that Both sides want to do something in the infrastructure space that I've seen that as part of these negotiations. There's been good faith on both sides that would suggest that we ought to be able to reverse this really very economically damaging trend in this investment in our public good. Jared Bernstein made the comments in an interview with David Westin on Bloomberg's balance of power catch the program weekdays at noon Eastern on Bloomberg radio and television. And when it comes to the pandemic coronavirus cases continue to fall in the U. S. But a surge in Japan is prompting a warning from the State Department. The U. S. Says Americans should avoid travel to Japan, raising its travel advisory to level four Warning casts doubt about Tokyo's plans to host the Olympics in less than two months, turning the markets now. Stocks in Asia posted big gains overnight with China leading the way consumer names rallied US fears about inflation subside. Let's get the recap from Bloomberg's Juliet Sally in Singapore, the C A. C 300 extended its gains to 3% the biggest one day jump since July to hold at the highest level in almost three months. On and off show. Um both rose to their strongest level since June. 2018 South Korea's won and the cost be advanced is doctor should consumer confidence either three year high in May, while Singapore's dollar jump to a two week high after the Lion City stuck to its forecast of 4 to 6% growth this year, seeing past the current restrictions imposed to stem an uptick of virus cases. In Singapore. Juliet Sally Bloomberg Daybreak. Thank you, Juliette and back here in the U. S. Amazon is getting closer to a big media acquisition Sources tell Bloomberg the company could announce a purchase of MGM Movie studios as soon as today. Let's get that story from Bloomberg's Charlie Pellet. It'll mark the e Commerce Giants biggest push yet into Hollywood. Sources. Amazon is in talks to pay almost $9 billion for the business. The discussions were first reported last week, and they could still fall apart and it's possible that the price or timing changes, But the agreement would bring a vast library of movies and shows to Amazon, which operates the prime video streaming service. MGM is catalog includes the James Bond, Pink Panther, Robocop and Rocky Franchise is a swell assed films such as Silence of The Lambs in New York. Charlie Pellet Bloomberg Daybreak. All right, Charlie. Thank you. Bitcoin is falling a bit this morning after another wild ride. The crypto currency surged almost 16% yesterday. After comments from Elon Musk, But Bloomberg's Eric Lamb reports regulatory concerns are weighing on Bitcoin. There's increasing concern about the potential for increased regulation in the U. S be seeing a change of administration in the White House. And it seems some new people in the Treasury and at the head of the SEC and the senses that there may potentially be more movement on regulation. Bloomberg's Eric Lamb says Bitcoins lost almost 40% of its value since last month's high checking it Now it's down 3.7%. $37,550 straight ahead your latest local headlines, Plus we get a check of sports. This is Bloomberg..

David Westin Jared Bernstein Juliette $37,550 New York Ed Baxter 3.7% San Francisco GOP $1 trillion 1.59% Elon Musk 15 points European Commission White House Council of Economi $1.7 trillion Minsk Eric Lamb European Council 4
"eric lamb" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:17 min | 2 months ago

"eric lamb" Discussed on Bloomberg Radio New York

"99. 12 Boston Bloomberg, one Out of 61 to San Francisco Bloomberg 9 16 to the country, Sirius, XM Channel 1, 19 and around the Globe. The Bloomberg Business Act in Bloomberg radio dot com. This'll is Bloomberg Daybreak. It's 5 30 on Wall Street. Good morning. I'm Nathan Hager and I'm Karen Moscow. We're just about four hours away from the opening of us trading. Let's get you up to date on the news. You need to know at this hour outrage from Europe to the US this morning after Belarus ordered an emergency landing for a Ryan airplane crossing its airspace. Country, then arrested and removed. A journalist critical of the regime began more from Bloomberg's Maria today. Oh in Europe, European leaders are coming under pressure to issue more sanctions against Belarus. After a Ryanair flight was diverted and forced to land in mid square, a blogger critical Belarusian leader Lukashenko was arrested. The head of the European Council show, Michel said the issue will be debated by European leaders in a summit in Brussels today and will not go without consequences. In Brussels, Maria today Bloomberg a break Maria. Thank you Back here in the U. S. President Biden's infrastructure plans are in focus. The administration may be hitting resistance from Democrats on tax increases tied to the proposal. Let's get the latest live from Bloomberg's. We need a young lady to Nathan with just 50 Democrats in the Senate. The president's tax proposals are hitting resistance with no room for error. White House will release its most detailed plan yet in a report known as the Green Book. This includes a boost to corporate tax and capital gains taxes. But Bloomberg News has learned that congressional staffer already paring down preliminary ideas and fine tuning those proposals to make them workable from both policy and political standpoints. In New York. I'm really need a young Bloomberg Daybreak, ready to thank you turning to the markets. Now the wild ride for a crypto currencies continues over the weekend. Bitcoin saw double digit moves in other direction. Eric Lamb is across, answered reporter for Bloomberg News. It traditionally see a lot more heightened moves on the weekend just because it trades 24 77 days a week a supposed to traditional markets. And sometimes you see a little bit less liquidity on the weekends. Bloomberg, very Glam says. Despite the recent selloff, Bitcoin is still up 300% of the past year and checking it right now it's up 8.3% at $36,493 steel and iron or a declining this morning is China steps up its fight against soaring commodity prices. Beijing is summoning top executives to a meeting and threatening severe punishment for violations ranging from excessive speculation to spreading fake news and futures are higher S and P futures of 19 points down futures of 135 NASDAQ futures of 74 In the 10 year. Treasury. That'll change Has 1.61% they yield on the two year 20.15% Nynex Crude oil higher up 1.8% straight ahead your latest local headlines plus a check of sports. This is Bloomberg. It's 5 33 on Wall Street. Time to bring in Michael Bardo. Look what's going on in New York and around the world, Michael thank you very much. Nathan. New York City Mayor.

Eric Lamb Nathan Hager Michel Michael Bardo $36,493 Michael New York Karen Moscow Ryanair 1.61% Brussels 8.3% White House Lukashenko San Francisco Nathan 300% 19 points European Council US
"eric lamb" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:37 min | 2 months ago

"eric lamb" Discussed on Bloomberg Radio New York

"Eastern time. It's recovering from a cyber attack that happened about a week ago. Triggering shortages across the East coast. In a further effort to provide relief. The Biden administration temporarily waived century old shipping restrictions so foreign tankers could transport fueled areas with shortages. Now it's unclear how long it'll take for supplies to come back to normal, but it could take up to a week for foreign flagged tankers. To fill the supply gap in New York. I'm we need a young Bloomberg daybreak are we need a thanks. Meantime, in the Middle East, clashes continue between Israel and Gaza. President Biden has started a diplomatic push to end the violence. I had a conversation for a while with him with the prime minister of Israel, and my hope is that we'll see this coming to conclusions sooner than later. So far more than 60. Palestinians have been reported killed in Gaza, along with at least six people in Israel. Turning to the U. S economy. Now inflation is in focus. Once again. We get the Producer Price Index for April this morning. Bloomberg's Vinnie Down Jude I says more. The U. S economy is reopening after the pandemic, and today's report will reveal the impact of rice and commodity costs, including record lumber prices. Investors are on edge after the government reported April's consumer Price Index posted largest increase in 12 years on broad based gains. Bloomberg Economics points, the snarls and the supply chain. Vinny Del Jude Ice Bloomberg Daybreak, Benny Thank you, economists predict. Today's producer Price Index will show a 3/10 percent gain for April. Bloomberg customers can get more on the estimates that ICO go on the terminal. Bitcoin is down more than 9% this morning. That's after Elon Musk said. Test list suspending car purchases Using the crypto currency, he cited concerns about increasing use of fossil fuels for mining Bitcoins. We get more from Bloomberg's Eric Lamb. There's a lot of questions. The industry over the timing of this and certainly the rationale the concerns about the environmental issues with Bitcoin, they're not new. They've been around for a long time. So there's not really clear indicator. Why must decided today was the kind to spend exceptions of payments. Bloomberg's air Glam says Tesla might consider accepting other crypto currencies that they're less energy intensive. And this headline generous financial is postponed its planned AIPO Oven Act holdings that just crossing the Bloomberg futures lower straight ahead your latest local headlines supposed to check of sports. This is Bloomberg. 6 33 on Wall Street. Michael Barr is here with us once again for a look at what's going on in New York and around the world, Michael thank you very much. Nathan, An NYPD officer, was shot three times after approaching a gun wielding man minutes.

Michael Michael Barr New York Nathan Elon Musk Eric Lamb NYPD 12 years Tesla today April Today Wall Street three times Middle East Benny more than 9% Bloomberg 3/10 percent Vinny Del Jude
"eric lamb" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:58 min | 3 months ago

"eric lamb" Discussed on Bloomberg Radio New York

"Digital radio and the images coming out of India still apocalyptic, really in terms off the cove. It effect this week stories this morning, suggesting that this may undermine the prime minister's position. But also how on earth could enough help he got in Try and sort out the situation. He absolutely growth will be under threat in India. But from this health crisis, there are huge political economic implications. We're going to bring you the latest from India Live with Blue Bay City and Garon's in just a moment. Also here in the U. K stark allegations about how much our prime minister wanted to avoid a lot down in the UK at the height of the health crisis here, Alligators were former advisor. Will they stick? I guess is the big question. Let's go to the markets there. Roger before we get onto those A big topics. The MSC I'il Country World Index actually are 2/10 of 1%. The embassy I Asia Pacific also gaining half of 1% or the declines for the Chinese markets. The Shanghai Calm down 6/10 of 1%. All of this. Really? As we start to get earnings reports really pilot in Europe and the US this we've got the mega cap stocks apple tester, alphabet, Microsoft or reporting, plus the oil majors lots really, to look out for copper jumping to the highest in a decade demand bets boosting the rally there. LME copper extending a rally. The dollar loses ground down 1/10 of 1% on in terms of the bond markets right now, U. S benchmark yields. Trading was about 575 set up by 1.5 basis points. Roger Writers get more on the markets by bringing in bloom. Both cross asset reported Eric Lam Erich Very Good morning, Tina Bitcoin hit a seven week low this morning, then shot high right now, 52,581 what's going on with it? Yes, another stretch of choppy volatility for Bitcoin. Basically, since the coin based debut, it's been kind of bouncing all over the place. It briefly get well below the $50,000 level. As you say. Now it's back up above 52,000. Just over 2500. It still seems like investors are kind of pushing and pulling between those who are kind of Bitcoin maximalist to still see unlimited upside in the space and or maybe buying on the dips here versus those other people that from the beginning of seeing this as a speculative bubble that was going to pop at some point, and one interesting point is that if you look back at that 2017 bubble, the peak of that 2017 rally also came just ahead of the debut at the time of Bitcoin future. Which is at the time again seen as yet another real sign post in the development of the industry. So there's some interesting parallels there not necessarily saying this is the peak now, but there's some interesting parallels. All right, Eric. Thanks very much for that. We'll see where it goes. Eric Lamb there for real time market commentary and analysis. Check out markets live ml ivy on your terminal right now. Let's so look away from the markets Go to India. The crisis there. For the latest.

Europe Eric 1/10 Eric Lamb 1.5 basis points Microsoft 6/10 2017 2/10 US Eric Lam Erich Blue Bay City Roger UK 1% $50,000 India about 575 over 2500 this morning
"eric lamb" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

07:11 min | 7 months ago

"eric lamb" Discussed on Bloomberg Radio New York

"We update markets every 15 minutes on Bloomberg Radio. Asian stocks are moving higher. It's the seasonal Santa Claus rally that is also bolstered by optimism over new stimulus. And vaccines. Earlier, U. S equities hit record highs. So did the DAX in Germany and in Asia were powering up to the tune of 1.6% in Tokyo with the Nikkei Advancing 436 points. It cost me has turned a little bit negative here. Flat to negative attacks in Taiwan is slightly higher and here in Hong Kong were marked by a big rally in technology after lot of selling in the past couple of days. The Hang Seng Tech index up 3.4%. Banking index itself rallying about 9/10 of 1%. As to China, the C S I 300 is up about 2/10 of 1% Ali Baba shares have bounced They're up 6% 10 Cent. Also getting a bounce will be doing an interview shortly well with Lulu Chan here from Bloomberg News about what's really going on behind this potential or possible crackdown. On Chinese and Hong Kong technology. So we get to that in a moment right now In the markets, the dollar is trading a little bit weaker Dolly in one of 3 74 yield on the 10 year 93 basis points. And W T T I crewed has strengthened its up 8/10 of a percent at $48 a barrel. 12 minutes Now before the top of your Let's get a news update. Here's that Baxter in San Francisco head. All right. Thank you. Brian Houses of voted Override Donald Trump's veto of the defense policy bill. This is a large defeat of the beginning there of for Mr Trump is House Republicans had to turn against him on this. It now will go to the Senate and Bloomberg analysts are saying it looks like it may get over written there as well. House was given bipartisan support to boosting the relief checks of $2000 House Republicans voted against leadership there as well. It will go to the Senate, where it is expected to be side tracked and not make it through. Senator David Perdue called Mr Trump on Christmas Day to plead with him to sign the bill, saying it was hurting his chances to win his Senate special runoff in Georgia. President elect Joe Biden says his teams are flat out being blocked from getting transition information from the Department of Defense. And the interesting read up on the Bloomberg terminal, a story that says Kim Jong un's is much more dangerous now to the rest of the world. Heading out of the Trump administration. Then he was going in and should mention South Korea reporting out 1000 46 new covert cases in San Francisco. I'm Ed Baxter. This is Bloomberg, Kathleen. And thanks so much Well, let's get to one of Bloomberg's finest Eric Lamb, Bloomberg's Asia Across Asset reporter joining us now. From Hong Kong and Eric. I want to start with Bitcoin on its longest run since 2019 after topping $28,000. Why didn't I buy someone and what was the lower cut down to 6000? It dropped down Tonto Low 4000. Certainly in 2000, some coming out of the 2017. But when the bubble burst, it was sitting right around 45 6000 for much of the year and then really just kind of Shut up like a rocket in the last half of this year. The Bitcoin is doing great alongside other Cryptocurrencies as well. But, you know, remains the largest crypto currency in the one that everyone still talks about. So, yes, you say, you know, I think a lot of people probably have two more discussions around the dinner table during the holiday weekend because we did see that spike up 20,000. Right around Boxing Day. Just stellar, stellar run this year. How much did Scott minored? How much fuel did he throw on the fire when he said on Bloomberg Television? What December 16th because the day of the Fed meeting. That Bitcoin could go over 400,000. That was a pretty, you know, he's the but the CEO, Guggenheim Partners. So, ah, voice people listen to Yeah, You know, there's a cost to things that play their first of all the big difference between 2017 when Clint first appeared on the scene, and the rally that we've seen this year is that The long talk about entry of institutional investors into the space actually is happening or has begun to happen. And you know the fact that industry heavyweights are now talking about Bitcoin as an asset class. As opposed to something that is just, you know, it's kind of a speculative slide show really does show that there has been a um almost a seismic change in the way that the industry looks at Bitcoin the kind of the mainstream in the financial industry and that's something that people within the crypto industry have been hoping for. For a very long time. It did not materialize for a long time, and that's why we saw prices. Magnate through 2018 and 2019. But that does seem to be starting now. On the other hand, people throughout numbers all the time of Bitcoin, You know, we hear numbers all the time projecting, you know, where's the next stop? What's really interesting now is that you know we've been people have been trying to call. You know, Here's top. Here's the top, and we keep pushing through those highs. Well, I wanna hearken to another interesting piece from Robert Burgess. Bob, as you know, is on our Bloomberg opinion team. He says he calls talks about the one number that mattered most to global markets in 2020, and he says, it's the $14 trillion of money supply. Created, you know, this year how much it's increased, I should say U. S. China, eurozone, Japan and other places. How much is there just so much money washing around out there among institutional investors. Why not buy a bunch of Bitcoin? Yes, Andre. You know that's getting kind of the theme throughout this year Is all that money sloshing around something on the sidelines, looking for a place to go? Ah, lot of it has gone into Investments like check, and that's why we've seen tech stocks really go through the roof. This year, we still continued to see US equities rally the record highs. We just saw indexes in the U. S had record Hinds overnight. Um, you know, we're seeing electric cars of the kind of stayed home. Seems all of those things have really been attenuated during the global pandemic. We're still looking for places for money to go. You know, Bitcoin as an alternative asset. That's been one of those places as well. We saw Bitcoin not just Bitcoin but also the other other Kurt Cryptocurrencies like ether. Those have also jumps through the roof this year as well. So it's not just Bitcoin. Okay, well, aircraft. Thank you so much for joining us. I want to tell our listeners you confined Eric Lamb stories, of course on the Bloomberg Terminal or on Bloomberg dot com. Brian Right from Bitcoin to this crackdown on Ali Baba, If indeed it is a crackdown, Let's bring in Lulu Chen Bloomberg Asia investing and.

Bloomberg Bloomberg Radio Eric Lamb Lulu Chen Bloomberg Asia Bloomberg News Bloomberg Television Senate Hong Kong Donald Trump Asia Taiwan Ali Baba Ed Baxter Kurt Cryptocurrencies San Francisco Hang Seng Tech U. S Lulu Chan
"eric lamb" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:39 min | 8 months ago

"eric lamb" Discussed on Bloomberg Radio New York

"York. Bloomberg 11, Frio to Washington, D. C. Bloomberg 99 12 Boston Bloomberg, one of 61 disenfranchises Go Bloomberg 9 16 to the country, Sirius, XM Channel 1, 19 and around the Globe, The Bloomberg Radio Plaza and Bloomberg Radio. Com. This is Bloomberg Daybreak on John Tucker in New York with your Global look ahead of the top stories for investors in the coming week. One thing we're keeping a close watch on these events unfolding in Hong Kong. With all the challenges there are in how the area's chief executive is dealing with things for more or going to Hong Kong right now. Bloomberg Daybreak anchor Brian Curtis and his comic Doug Prisoner, John Hong Kong's leader, Carrie Lam, will deliver her annual policy address in the coming week. The address was originally scheduled for October 14th, but it was postponed and at that time, Lam said she'd go to Beijing to seek support for various proposals. Now that in itself was controversial as it's not normal practice in Hong Kong. And their significant controversy attached to the speech itself. With so many issues that need to be finessed here. Ongoing relationship with China, the covert pandemic the weakened economy. Shortage of housing, which has been a problem for a long time and the disaffection of Hong Kong. You and Brian even in a broader sense, the general estrangement between the government and the people. We thought we'd take a closer look at these issues with Bloomberg Cross Asset Reporter Eric Lamb, who joins us from Hong Kong. Eric. Thanks so much for being with us. I'm going to start with the issue of cross border travel. I'm would imagine that for Carrie Lam the resumption of this type of travel between Hong Kong and the mainland is going to be a very, very important issue. Yeah, absolutely. It's been something that Carrie Lam and other governments. Officials, like the Financial Secretary Paul Chan, had really been trumpeting in their discourse with the public over the last couple of months is really the importance of the Chinese economy, especially the fact that it has been recovering the last little while and that also helps to pick up a little bit. We've seen a bit of a pick up in Hong Kong economic data as well. So the really emphasizing those closer ties and that's one of the things that she was definitely discussing with Beijing when she made her trip up Tolo up to the mainland. What will it actually take Eric to improve relations with young people in Hong Kong? Because you know that getting them jobs? That's one thing is that more important or would it be saved? More tangible steps toward democracy here. That's a very interesting question, which, obviously, the zone haven't easy answer on the subject of jobs on. Interestingly, local media reporting that one of the initiatives that air that men may be announced in the policy address next week is actually a youth employment program where Will be sending you the to the mainland to work jobs, short term in in the in the Greater Bay Area, and the Hong Kong government will subsidize those salaries, which again is kind of creating jobs encouraging. That cross border interconnected travel that they've been really pushing with the greater Bay Area project over the last 10 years. So in that sense that looks like something tangible that they you know if this actually does get announced, is a tangible move in that direction. But, as you say, there is also some really fundamental. Disaffection, especially among the youth in Hong Kong, especially after the events of the past year where many of these protests were led by younger people in Hong Kong, really hoping for democracy, really disappointed? And the local government and the government in China as well and really did not end up getting really anything that they that they were hoping for, with the really the end of the protests this year and the introduction of the National security law, so it's a difficult situation, not an easy answer. But it does look like the Chinese government in the Hong Kong government are trying to at least target that issue with these potential programs that they might be announcing next week. Yes, so there's the issue of youth employment. There's also the issue of affordable housing. Do we expect Carrie Lam to address this issue, even with the pandemic, Even with the protests, property prices have not really fallen off that much in Hong Kong. There's still quite expensive, so ongoing issue. I don't think it's really not going to the last will have heard of it in his policy address, But I think it's more than likely we'll get something you know. In the old days, Milton Friedman revert to Hong Kong is Having a lazy fare capitalist approach to running the economy, and that was very much the case really quite conservative in terms of spending, and I'm just wondering whether there might be some major. Spending initiatives or if the government feels kind of conservative and his nervous about its own revenues, taking a hit from covert and and doesn't do the big spending. What sort of sounds are you hearing on that? So in terms of spending, we might see some announcements here and there. I don't think we're gonna see any spending that Approached the rounds that we saw earlier this year, especially the fact that the most recent economic data actually showed some slight improvements in the third quarter growth for Hong Kong, which certainly helps their arguments for maybe being a little more more restrained and going back to you, as you say that more conservative line of spending Eric Thank you so much for joining us. Eric Lamb Bloomberg Cross Assets reporter. I bring in Curtis in Hong Kong, along with Doug Prisoner in New York, you can catch us every week day for Bloomberg. Daybreak Asia, beginning at 7 A.m..

Hong Kong Bloomberg Carrie Lam Bloomberg Radio Plaza John Hong Kong Eric Lamb Bloomberg Radio Boston Bloomberg government Bloomberg Cross Assets Brian Curtis Beijing New York China Doug Prisoner reporter chief executive Bay Area Washington
"eric lamb" Discussed on The Daily Zeitgeist

The Daily Zeitgeist

02:55 min | 2 years ago

"eric lamb" Discussed on The Daily Zeitgeist

"Well, mild smoke tooth gre-. Nick stop lex drought. Ordway before shake their head face. Cobra? Miles old gray? And Jack O'Brien second rape hot hope I guess, power. Courtesy of the hairs of my. Chin-chin. Tans. As always by my co host Mr. miles. I'm not proud to be in American goes weird for free. And I will for get the men in wide who took that ride from me. And I'll proudly kneels down next to you end in black live to day because rain doubt I'm scared as. God save the U is. That was just more of a taste on Goblets. I'm proud to be an American, not quite a aka for me. But I like the lyrics and that is from Alison Rosen, as solid tumors and five. Yes, none of these, let's be honest. None of these work really well as says, Nick, no. You wouldn't say entire teenage mutant ninja toe. What else I go well, go by miles, Mr Gray I go by? I'm not proud. Song. Been miles. This is the first I'm seeing you in all man. Well, yeah. And yesterday, you know we were we were flying off hold. I just, you know, the listeners to hear this, but. Oh, cracking another Kirkland panther Colombian coal brew. Is that what is that? What it was. That's what you guys were. Mat Rogers, sings look at matrix. Yeah. Well, we are thrilled to be joined in areas by the whole area and talented, Eric lamb hair, gentlemen. Hello, sir back. It's great. Don't even keep track anymore. Steered. You're a mainstay and ever present say, I read like at the end of the Piel sown. It was a bump sound effect. Yes. The American top that's called foreign policy. Is how you do it diplomacy baby. We're here to help you give us your oil, Eric, we're gonna get to know you look better in a moment. First, we're going to tell our listeners a few of the things we're talking about how we're gonna talk about the fact that, John, the juice has gone with an AKA their thirtieth anniversary and they just wanna go by Giampa now. Yeah, we're gonna talk about Justin Bieber verse. Tom Cruise feel white people being bad at pretending to be black people on the internet..

Mr. miles Eric lamb Nick Ordway Justin Bieber solid tumors Mat Rogers Tom Cruise Jack O'Brien Alison Rosen Piel sown rape Mr Gray Kirkland lex John
"eric lamb" Discussed on WAFS Biz 1190

WAFS Biz 1190

02:35 min | 2 years ago

"eric lamb" Discussed on WAFS Biz 1190

"Heard explain why is Bloomberg cross asset reporter, Eric lamb one hundred eighty two million, Eric what is it? So we've had a lot of offs in markets, especially cost Asia in the past month or so. But one of the markets picking up India hundred eighty two million dollars is the inflows for the shares MCI India, ETF over the past over the past week. That's the biggest weekly inflow in four years, basically, since two thousand fifteen and it's predicated on. Narendra Modi getting reelected, a little bit of political stability. There is the first premier who's been reelected with a majority since nineteen Eighty-four, and things are looking up for India. Those markets are, of course closed today for the celebration. World took into the upside and emboldened Mody I renewed agenda is there. A one is the scope for dine side risk on the story. Yeah, there's one little interesting. Wrinkle with the India story is the US is basically set to remove the designation of India's a developing nation, June fifth, which is today. And in terms of the actual impact on this, what it means is that some two thousand products that are exported to the US would would have been they were treated as duty free. But now, the they've removed that exemption though the actual dollar impact of that, according to India's actually fairly limited. That's works out to two hundred sixty million dollars a year. So the interest of the impact on the stock market, we haven't seen that pass through yet or, or any kind of concerned, they're necessarily. But it is something to think about, for instance, we have had sex just hit a record earlier this week. Okay. Eric, great to have your perspective this morning on the end market. Let's see whether the growth story really does so dine in India and stop the juggernaut Aragon size and scope. Tracy quick. Snapshot of the markets. Okay. With the S and P rally biggest one day gain since January, the banks roared higher up three and a half percent. Tracy and the market drops stop pause rising in the US. So this little bit of a again, that prescient fear of supply glut. Yes, indeed, the big story, of course remains those bond yields, we have them at multiyear lows for the benchmark ten year just on Monday. Now, we have them floating around the two point eleven Mark has the market gotten ahead of it self when it comes to pricing fed rate cuts, and that is it for this edition of Bloomberg daybreak. Middle East.

India Eric lamb MCI India US Bloomberg Narendra Modi Asia Middle East reporter Tracy Mark hundred eighty two million dol two hundred sixty million doll four years ten year one day
"eric lamb" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:02 min | 2 years ago

"eric lamb" Discussed on Bloomberg Radio New York

"Thirty two billion dollars here to explain why is Bloomberg cross asset markets reporter, Eric lamb, thirty two billion, Eric what does it? So today, we're coming up on the ten year anniversary of the tainted milk scandal in China and thirty billion dollars figure is actually an estimate from Euromonitor for the size of the infant baby formula market in China. It could grow to thirty two billion over the next five years by twenty twenty three which really gives you a sense of the stakes that are involved in that market now at current currently, we're dealing with foreign producers versus domestic producers real battle right now for the hearts and minds of consumers in young parents. So what are foreign producers doing to build market share Howard, domestic producers fighting back? Yeah. The foreign producers certainly have an advantage because they're perceived to have higher quality products that are less risky for parents. And for companies like Nestle, which has seen their market shared quadruple since two thousand and eight in China. They're actually starting now to focus down on lower tier cities. So the smaller cities outside of the main regions, whereas a little more rural? There's a little more opportunity for growth, so looking at ways to for instance, develop ecommerce or better better supply their products to consumers, their meanwhile, the domestic producers are realizing that actually if they have some kind of brand association with foreign cows or production from outside of China that gives them a leg up and makes them a little more competitive. Yeah. So we saw one Chinese producer, for instance, brand itself as American dairy, right? What will it take to change the situation at what point do Chinese consumers come to believe in domestic producers again? The problem is for some memories are still still fairly fairly recent that they're just not to the point where they're willing to accept it. But over time that might change, right. Bloomberg cross asset markets reporter, Eric lamb. Thank you so much for.

China Eric lamb Bloomberg reporter Euromonitor Nestle Howard twenty twenty producer Thirty two billion dollars thirty billion dollars five years ten year milk
"eric lamb" Discussed on KQED Radio

KQED Radio

03:49 min | 2 years ago

"eric lamb" Discussed on KQED Radio

"You're listening to all things considered from NPR news. From K Q E D news. I'm Tiffany Cam. High tomorrow marks one month since the deadliest and most destructive wildfire in California's history. I ignited now in the aftermath of the campfire people who lost everything are beginning to pick up the pieces of their lives this week, the first phase of the first step of recovery and rebuilding began in paradise has Matt team started the process of removing hazardous waste things like as best as an propane tanks from Bern areas and Butte county, but officials say the entire cleanup job is going to be a massive effort and could take about a year to complete kick. Sukey? Lewis is familiar with this long and difficult work. She reported on the north bay wildfires cleanup last year an effort that became the biggest cleanup jobs since the nineteen o. Six earthquake sukey spoke this morning with Brian watt about how the recovery effort and Butte county might compare. Where it's just so so much bigger. I'm actually going to let the director of the governor's office of emergency services. Mark duty. Explain the magnitude of the north bay cleanup compared to this job. And when we were all said and done with that operation, we removed enough debris to make to Golden Gate Bridge is if you could imagine in this case, we are at least four times as much debris. Wow. I can't even wrap my head around that, but where will all this debris go. Well, that's going to be a really big challenge with this cleanup because the debris has to go quite a bit further. The local landfill in Butte county just doesn't have the room. So they're talking about taking it to landfills, south of Butte county and with the metal and concrete. The state is talking about actually sending it by rail to Utah and Nevada for recycling. So with the north bay cleanup job there were some issues that you reported on. Extensively. Homeowners complaining of property damage contractors taking away more soil than necessary. Is there a plan to prevent these kinds of things from happening again? Well, last time around the state actually went to the federal government and ask them for help. Because it was such a big project this time the state saying they're going to do it. They actually have more experience than the army corps of engineers who did it last time that was their first cleanup job and this time coury cycle. The state's recycling agency is going to head up the job, and they've actually been doing fire cleanup for about ten years. And they say they've learned a lot of lessons through that experience. And they really wanna have a closer eye on the whole thing. Here's Eric lamb ru who's heading up the recovery for cow ES what we will not be doing is creating swimming pool size holes in your yard. We will simply be removing the contaminated soil that needs to be removed. And nothing more. So I know it's hard to be specific about how long this will take. But what is the general timeline for the project? So coury cycle is working on putting together the requirements for the job. And then they're going to put it out to bid. They're trying to find the head contractors and begin hauling away debris by about mid January. I'm but before even any of that can start the state has to get residents to sign on. So they're starting to do these town hall meetings and trying to get them all to all sign these right of entry forms to allow the government to come onto their property and remove things. This entire process though, is expected to take about a year that was khaki sukey Lewis with Brian watt talking about cleanup efforts that began this week in paradise..

Butte county Brian watt sukey Lewis NPR north bay Tiffany Cam Golden Gate Bridge California federal government Eric lamb Bern director Matt Mark Utah Nevada one month ten years
"eric lamb" Discussed on KQED Radio

KQED Radio

03:41 min | 2 years ago

"eric lamb" Discussed on KQED Radio

"High tomorrow marks one month since the deadliest and most destructive wildfire in California's history. I ignited now in the aftermath of the campfire people who lost everything are beginning to pick up the pieces of their lives this week, the first phase of the first step of recovery and rebuilding began in paradise has Matt team started the process of removing hazardous waste things like as best as an propane tanks from burn areas and Butte county, but officials say the entire cleanup job is going to be a massive effort in could take about a year to complete kick. Sukey? Lewis is familiar with this long and difficult work. She reported on the north bay wildfires cleanup last year an effort that became the biggest cleanup jobs since the nineteen o. Six earthquake sukey spoke this morning with Brian watt about how the recovery effort and view county might compare. It's just so so much bigger. I'm actually going to let the director of the governor's office of emergency services. Mark ghilarducci. Explain the magnitude of the north bay cleanup compared to this job. And when we were all said and done with that operation, we removed enough debris to make to Golden Gate Bridge is if you could imagine in this case, we are at least four times as much diversity. Wow. I can't even wrap my head around that. But where will all this debris go? Well, that's going to be a really big challenge with this cleanup because the debris has to go quite a bit further. The local landfill in Butte county just doesn't have the room. So they're talking about taking it to landfill. Nls south of Butte county, and with the metal and concrete. The state is talking about actually sending it by rail to Utah and Nevada for recycling. So with the north bay cleanup job there were some issues that you reported on extensively homeowners complaining of property damage contractors taking away more soil than necessary. Is there a plan to prevent these kinds of things from happening again? Well, last time around the state actually went to the federal government and ask them for help. Because it was such a big project this time the state saying they're going to do it. They actually have more experience than the army corps of engineers who did it last time that was their first cleanup job and this time coury cycle. The state's recycling agency is going to head up the job, and they've actually been doing fire cleanup for about ten years. And they say they've learned a lot of lessons through that experience. And they really want to have a closer eye on the whole. Thing here's Eric lamb ru who's heading up the recovery for Cal. Oh, yes. What we will not be doing is creating swimming pool size holes in your yard. We will simply be removing the contaminated soil that needs to be removed and nothing more. So I know it's hard to be specific about how long this will take. But what is the general timeline for the project? So cow recycle is working on putting together the requirements for the job. And then they're going to put it out to bid. They're trying to find the head contractors and begin hauling away debris by about mid January. I'm but before even any of that can start the state has to get residents to sign on. So they're starting to do these town hall meetings and trying to get them all to all sign these right of entry forms to allow the government to come onto their property and remove things this entire process, though, is expected to take about a year that was d- sukey Lewis with Brian watt talking about cleanup efforts that..

Butte county Brian watt sukey Lewis north bay Golden Gate Bridge California federal government Matt Eric lamb Mark ghilarducci director Utah Nevada one month ten years
"eric lamb" Discussed on KQED Radio

KQED Radio

04:03 min | 2 years ago

"eric lamb" Discussed on KQED Radio

"Two finds Howard and his counterpart both played by j k Simmons stranded in the others parallel dimension counterpart, premiers this Sunday on stars and the stars up. And by the listeners and members if K Q E D public radio eighty eight point five FM, it's morning edition on I'm Brian watt. This week the first phase of the first step of recovery and rebuilding began in paradise as. Has met team started the process of removing hazardous waste like ESTES and propane tanks from Bern areas in Butte county, but the total cleanup job is going to be massive and take about a year to complete officials say sukey Lewis who reported on the cleanup from last year. Fires in the north bay joins us now Sukhi. So at the time the north bay fire cleanup was considered a huge undertaking. The biggest cleanup job since the nineteen o six earthquake. How does the campfire cleanup compare? It's just so so much bigger. I'm actually going to let the director of the governor's office of emergency services. Mark ghilarducci. Explain the magnitude of north bay cleanup compared to this job. And when we were all said and done with that operation, we removed enough debris to make to Golden Gate Bridge is if you could imagine in this case, we are at least fourteen. Times as much debris. Wow. I can't even wrap my head around that, but where will all this debris go. Well, that's going to be a really big challenge with this cleanup because the debris has to go quite a bit further. The local landfill in Butte county just doesn't have the room. So they're talking about taking it to landfills, south of Butte county and with the metal and concrete. The state is talking about actually sending it by rail to Utah Nevada for recycling. So with the north bay cleanup job there were some issues that you reported on extensively homeowners complaining of property damage contractors taking away more soil than necessary. Is there a plan to prevent these kinds of things from happening again? Well, last time around the state actually went to the federal government and ask them for help. Because it was such a big project this time the state saying they're going to do it. They actually have more experience than the army corps of engineers who. Did it last time that was their first cleanup job? And this time coury cycle state's recycling agency is going to head up the job, and they've actually been doing fire cleanup for about ten years. And they say they've learned a lot of lessons through that experience. And they really want to have a closer eye on the whole thing. Here's Eric lamb who's heading up the recovery for Cal LES what we will not be doing is creating swimming pool size holes in your yard. We will simply be removing contaminated soil that needs to be removed and nothing more. So I know it's hard to be specific about how long this will take. But what is the general timeline for the project? So cow recycle is working on putting together the requirements for the job. And then they're going to put it out to bed. They're trying to find the head contractors and begin hauling away debris by about mid January. I'm but before even any of that can start the state. Has to get residents to sign on. So they're starting to do these town hall meetings and trying to get them all to all sign these right of entry forms to allow the government to come onto their property and remove things. This entire process though is expected to take about a year. Sukey lewis. Thank you. Thank you. Brian tomorrow marks one month since the start of the campfire, the official death toll stands at eighty five some colleagues, and I are going to take a moment now and read the names of those people whose deaths have been confirmed by law enforcement or by their families. From the town.

Butte county Brian watt sukey Lewis Golden Gate Bridge Bern j k Simmons federal government Sukhi Howard Eric lamb Mark ghilarducci Utah Nevada director Cal official one month ten years
"eric lamb" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

09:25 min | 2 years ago

"eric lamb" Discussed on Bloomberg Radio New York

"Bloomberg business flash. And the markets are up, and we're going to get into a lot more of that. When it comes to all this green on the screen selloff day rally day selloff day rally, cyber Monday, we're going to talk a little bit about how folks are doing today in terms of those online purchases one of our friends over at retail me not going to talk about what is hitting the tape on cyber Monday, also sort of the other side of the retail world toys R us, obviously went bankrupt earlier this year but cake yard Bain coming through with twenty million dollars to compensate the workers who lost their jobs. We're going to get into that with the guy who is responsible and he's had some messages on his plate before. That's for. Sure. Yeah. I can find are going to join us later on. And as you said. Elon musk. Well, I love this. It's like, wait. We were just mere weeks away from death. So he just puts another interesting element to the Tesla's story. And what's what's fascinating is the stockers rallying. But the overall market is rallying today. But it's interesting to have him say, you know. Yeah, we were you know. Might not have worked. Also seventy percent chance. He goes tomorrow. We'll get into all of that and much more. But let's figure out what is going on in the markets on this Monday. Joe Weisenthal Margaret's editor for Bloomberg co host of what you miss coming up on television. He's here with the day. Wilson also is here stocks editor for Bloomberg so gentlemen, before we get to the market action job gotta ask you about bitcoin because it's one of the most read stories right now a year ago you and I've said this on this program number of times you were talking about everybody going home talking Agatha about buying bitcoin. She certainly did. And if she did, you know enjoyed a nice run by weeks the bottom has fallen out. Yeah. This year could not feel more different than this exact time last year with the vibe in this market. Just unrelenting gloom. Every time people stay of this looks like capitulation, then you get another ten percent down the thing. That I remember with the dot com. Boston. You know, it's always dangerous to analogize one period to another. But it's at the bottom of the dot com. Bust the word of bunch of people standing around looking for signs of capitulation. It's like everyone just stop looking and walk away and found something new to do with their life. Yeah. So right now, you still have this affect reverend's? Like is this the bottom is this the bottom, and I kind of the bottom is going to be when all those people had like they've just moved down. Oh, bitcoin. Yeah. That was the thing. I was into a couple of years ago. They move onto we need. It's not there yet. But it's pretty remarkable. But it is interesting. Yeah. I mean, if you think about there's a story on the Bloomberg Eric lamb about the become bitcoin miners. Right. Just again, just more and more fallout. So it's just fascinated with a year because it's the price collapses. And they still have the same electricity costs becomes less profitable to mine for amazing. Dave Wilson come on in here. What else are you seeing in this market now bitcoin notwithstanding people are somewhat enthusiastic about equities. They are at least for the moment. Then again, I mean carols point about up down certainly has some merit. It's the third day in a row where the S and P five hundred is chased direction from the previous day and the difference this time around from the last time it happened. Which was the first half October is that it looks more. Like the Dax is trying to find a bottom then coming down off a top. That's where we were in that earlier period in October. I was floor just kind of reading in this morning and looking at how much stocks lost last week. I mean, it was pretty amazing short holiday week usually kind of in the past. It gets quiet, but we were down what more than about four and a half percent on the Dow for the week three point eight percent on the S and P and the NASDAQ was down four point three percent. Those are big losses. That's right and made a fair amount of them back. I mean, given the fact that you're looking at an SNP up one point two percent some fairly broad based gains to go with it. But you know, I can't help thinking about bitcoin, and I see Invidia up three and a half percent today yet that stock is headed for its first annual losses twenty twelve it's Dan about twenty two and a half percent for the year after having risen for five years in a row Ghanem like fifteen fold over that time at least toward the end up. A lot of that was tied into demand for these machines used the mind crypto currency that invidious chips could run them better than other products. And so, you know, they got the benefit of that in this year. They've kind of gotten the downside. It's really fast. They know you look at the s&p five hundred chart of where we are. Right now is very similar to what we saw in February March they're similar in terms of the amount of volatility in the big swings. It is. Yeah. I mean, the real question is whether you get a rebound out of it like you did back. So what else are you looking at? Oh, well, you know, thinking about the overall rebound. I'm not that impressed by it. Really? Down. Why we're doing a lot and given what what you just said about how much we felt last week in a holiday-shortened week, you know, the NASDAQ's up what right now it's up one and a half down four point three percent last week. It's not that great. And. I want to see a little more. Yeah. I don't know what we're waiting for. Is there any news? Whether it's out of US in China that could cutting deuce things a little bit or what it could be and sorry for those of you who are bears out there because you're happy. There's a number of events this week that could be catalysts. We get a lot of fedspeak this week and people are going to be listening for the degree to which the fed heads emphasized their data dependency the degree to which they say, look, we're not on autopilot. We're not going to assume that inflation is picking up just because unemployment is low. We wanna see the data. And that would be interpreted as dovish that could help if something comes out of the Trump she meeting and the g twenty in that could help. So I do think there potentially a lot of catalysts this week that could take us in one way or another. It does feel like investors have been pointing toward that Trump. She meeting does a KiKi, it's helpful. This anything else you're watching. We're kind of at the point where it's all about sort of those big picture issues as well. Yeah. I mean one thing that jumps out at me. You're starting to see you a Wall Street tragedies come out with their outlooks for next year. And you're seeing a fair amount of caution. At least in the reports that I had a look at you. Mike, we'll slower Morgan Stanley talking about the possibility of an earnings recession next year would be which would really be saying something after twenty five percent profit growth in the S and P five hundred this year. Hey, get something like ten percent next year. Dave Wilson stocks editor for Bloomberg. You'll be back with your chart stock today. Joe Weisenthal, we're gonna send you off to do some television co host or what you mess coming up at four PM Wall Street time wanted to the bite. Yeah. Let's do time for the Bloomberg markets bite of the day. One number that tells us a lot today's the number two hundred and fifty miles horses all electric take hand. It's do next year. Jason's going to be able to travel some four hundred kilometers that works out to two hundred and fifty miles after being charged for less than twenty minutes. I love this technology is advancing. So fast drivers should be able to cruise for thousand kilometers in about a decade. It's like, you know, quicker than my watch charges or my phone charge pronounce it to con- just kidding. Pecan pecan. Thank you. Thank you. Thank you. We're back. All right. Let's get a check on world and national headlines that we go to Bob moon in the eleven three on newsroom. Hey, Bob case, Carol, thank you a day after Mexican officials said migrants had turned a peaceful March into violent chaos officials are acting to shore up security along the border in the town today police lined up outside a shelter and blocked Central American migrants from walking toward the border area. President Trump has said he will close the southern border with Mexico if needed to thwart the would-be immigrants, but Bloomberg's Irv Chapman reports. There's also some hope there is room for potential compromise on a Bill to modernize the US immigration system. If political posturing can be shut aside. Republican advisor Chen said in a Bloomberg interview support for people who were brought here illegally as young children some additional funding for border security, a merit based immigration system. One that provides the American economy with the skills at needs while respecting the values. That have made America strong. There's a lot of things I think we can agree on the US Senate passed such a bipartisan Bill five years ago by two to one. But the speaker of the house refused to bring it up for debate and vote in Washington, Irv Chapman, Bloomberg radio. Thank you nail biting time for NASA. Scientists has the insight explorer nears a dramatic grand finale about forty five minutes from now they hope it'll be a soft precision landing on flat red planes insights, perilous descent through the Martian atmosphere after a trip of six months across three hundred million miles begins around three PM eastern time going from twelve thousand three hundred miles per hour zero in six minutes, flat as it pierces the Martian atmosphere. Pops out a parachute fires, its descent engines and hopefully lens on three lakes. Global news twenty four hours a day on air and a tick tock on Twitter..

Bloomberg Dave Wilson US Elon musk editor US Senate Bob moon Bain Joe Weisenthal Margaret Twitter NASA Irv Chapman Eric lamb fed President Trump America Trump Boston
"eric lamb" Discussed on The Daily Zeitgeist

The Daily Zeitgeist

02:44 min | 2 years ago

"eric lamb" Discussed on The Daily Zeitgeist

"It's Monday November twelfth two thousand eighteen names. Jack, O'Brien AK to know baby. Is it good to you can do to you those things that I do know. It is. Ooh. Jack O'Brien, and I'm thrilled to be joined as always by my co host, Mr. miles. Just in the chair tonight that just in something. This. Thank you to Weston b w brace eight three one eight six four five five nine seven four whatever that Twitter handle is so much for that one. Is that cutting crew? Yeah. That verged on a weird Al like a food based. Yeah. Yeah. You know, he had a little bit of it gonna try and improvise a little bit. But I don't have the mental last Tissot tea at the moment. I mean, just eat it. But thought well, we are thrilled to be joined in our third see by the Polaris podcast host improviser comedian movie star, Mr. Eric lamb perr. Thank you, gentlemen. Thank you pleasure to be back. It's been too long. I've say I think I enjoyed about just the three record of this. What's that seeing? How we? Yeah. My older make worse. Yes. Don't give the people. I. Cold brew. I love a little bit of cold brew. That was quite nice. And then I still you and it was like a Cup of Joe Cup of Joe just gonna American old fashioned co. Yeah, we were talking about that earlier today actually that the reason that it's called Joe is because British of bills in World War Two American soldiers were known as Joe's right only. The Americans drank coffee because it is a bitter garbage water. Like we drink tea. So that's how it got the name. Joe? And a little less than fair you had a sort of. I guess it would be an Espresso. Yeah. Ness, breezy as we like to pretend like I'm Clooney enjoy. Yes. Yeah. What do you mean? He has his that's his like whole. Yeah. This is brand. That's good for him. We all need a brand and mine is just uncut concentrated, cold brew. What'd you think? My brand will be if I have made it if I've made a big I say if. When the universe yourself. The streets devito in the sheets. That's not his brand though. Be like a product that. I go look at me. And you're like. Yeah. Puff Eric some kind of designer sunglasses. Oh, yeah. Yeah. I feel like some kind of lifestyle item. Okay. Thank you very much. Yeah..

Joe Cup Jack O'Brien Mr. Eric lamb Ness Twitter Mr. miles devito
"eric lamb" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:06 min | 3 years ago

"eric lamb" Discussed on Bloomberg Radio New York

"White house trade advisor peter navarro said the nafta deal could have been agreed by now if canada had spent less time lobbying congress this as president trump left g seven with a stream of tweets attacking through threatening tariffs on automobiles there's a special place in hell for any foreign leader that engages in bad faith diplomacy with president donald j trump and then tries to stab him in the back on the way out the door and that's what bad faith justin trudeau did with that stunt press conference that was the white house trade advisor peter navarro now italy has confirmed it has no intention of leaving the euro zone the new government told riera de la serra that there has been no discussion about dumping the common currency and that ministers will do everything possible to maintain normal relations that statement coming from the new finance minister the coalition says it wants to boost growth by structural reforms and investments rather than increase spending that critics said would break eu rules as a result we saw a lot of buying of bts this morning the yield came down pretty fast at the south of trading in bonds this morning and we see the footsie mid two point two percents italian banks getting a boost from these headlines yeah but you know what's really stood out in terms of the most read articles on the bloomberg store on cryptocurrency and the cryptocurrency exchange specifically it's been hacked and south korea jolted holders of digital assets fueled a forty six billion dollar route and extended this huge bitcoin slumped to more than fifty percent the hack brought an abrupt end to two weeks of calm for the biggest virtual currency and reignited concerns about the security of lightly regulated quipped exchanges the more on the story then yousef let's bring in bloomberg's cross asset reporter eric lamb they've been covering the story for bloomberg this morning good morning she eric so what is the latest on coin rail high so quinn royal has been kind of parsing out details since basically since they announced that they had what they called a cyber intrusion over the weekend on sunday they when they first started putting up this news at the moment what we know is that seventy percents of the.

White house reporter yousef south korea bloomberg riera de la serra president nafta advisor peter navarro eric lamb finance minister italy justin trudeau donald j trump congress canada forty six billion dollar fifty percent
"eric lamb" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:03 min | 3 years ago

"eric lamb" Discussed on Bloomberg Radio New York

"In focus segment and today we're drilling down on bitcoin when g twenty officials whole talks in when hours this week crypto currencies are on the agenda if all of the warning for marconi the crypto acids could one day threaten the financial system meanwhile there are some indicators that suggest bitcoin may have the two full that's bitcoin traders follow the technicals the cryptocurrencies fifty day moving average last week dropped to the closest proximity to it's two hundred day moving average a nine months meaning that a death cross is looming joining us now for more eric lamb joins us to talk about bitcoin eric great to have you on the program so we've seen bitcoin rising from a six week low were above eight thousand in the session at the moment is this just traders buying i don't wanna say bye missile the fact because it is a cliche but are these trade is buying in case we do see the resumption of a selloff on any signs of a coordinated clamp down by regulators at the g twenty you're been talking to investors about this one for we've seen bitcoin prices have been kind of stuck in a range for a while now basically since the end of january seconds to investors trader today who saying you know it's really kind of looking he's seeing a range between seventy five hundred dollars us to eleven thousand us and if you buy at you know where it is right now eighty three hundred and it goes up to eleven thousand and then you sell you know that's a pretty good trade in and of itself you don't need it's all the way back up to twenty thousand so you know just in terms of a short term trade even you know that certainly makes a lot of sense if it continues to behave the way it has been which has been bouncing between those two levels which it has been for the last two months or so the in terms of the commentary from mark carney and discussions g twenty it really he is kind of following on from what we've been hearing from regulators for much of this year which is that they're paying more attention to it than they have in the past they're definitely not ignoring it at this point and it's definitely something where it's not gonna go away so they have to do something about it.

eric lamb mark carney seventy five hundred dollars two hundred day nine months two months fifty day six week one day