17 Burst results for "Eric Lamb"

"eric lamb" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:35 min | 5 months ago

"eric lamb" Discussed on Bloomberg Radio New York

"Of George Floyd. As soon as they finished delivering those the jury is going to get the case and when they do, they will be sequestered The U. S. War in Russia of Consequences of jailed opposition leader Alexei Navalny dies And even as the conflict over the dissident who was already survived an alleged assassination attempt and is now in engaged in the third week of a hunger strike in major league baseball. The Yankees lost along with the Nationals and Orioles, The Red Sox lost two double edited white socks. Match one. Along with the Giants and a Z in the MBA. The Knicks won the Nets lost in the NHL. The Rangers beat the Devil's 53. The Islanders won in overtime. The Bruins beat the capital 63 Global News, 24 hours a day on air and on Bloomberg Quick take powered by more than 2700, journalists and analysts more than 120 countries on Michael Barr, and this is Bloomberg, Nathan. Michael, Thanks just about 5 49 on Wall Street now live from the Bloomberg Interactive Brokers Studios. This is Bloomberg Daybreak, and we're keeping an eye on Bitcoin this morning. It took a plunge over the weekend after the run on crypto currency sparked by the Coined based listing on the NASDAQ apparently turned on itself watching along with us this morning. Is Bloomberg News? Cross Asset Reporter Eric Lamb. Eric joins us Live now Great to have you on with us, Eric. You know, Bitcoin had dropped as much as 15% now. Just taking a look at Bitcoin on my screen, its clawed back about half those losses. What do you make of this roller coaster ride? Yes. Been the really interesting week in the Cryptocurrency industry. Of course, we had the run up to the coin based listing on Wednesday last week, and the interest in the Price in Bitcoin, Everything else really kind of reached a fever pitch. Bitcoin hit a record of almost 65,000 just before the listing debut, and we've seen some of those gains pull back ever since. You know, you mentioned that the price is about 57,000 right now, so it's now it's still down quite a bit from the record, But the jury's still out even on the coin base debut of just wear that Prices going to settle out. The stock is down from the peak that it reached right after the debut. But the stock still looks pretty impressive given the volume and the That's where the prices now Yeah, it's interesting watching crypto currencies as a whole. It seems like Doetsch coin. This crypto currency that it started as kind of a joke is bucking the trend in terms of the losses. I mean, is that a sign of just how speculative kryptos still is. Do you think Yeah, I mean, does coin, of course, is the most famously the crypt. So that was you say, started as a joke. It's still doesn't really have any real utility outside of maybe here and there. But, you know, we look at the performance of does pointed, you mentioned it tripled on Friday. It almost 50 billion in market cap. It briefly crashed the Robin Hood market servers even because Creating an interesting it was so high that you look at the quote unquote biggest crypto currency is the most mainstream ones. Bitcoin, an ether. Those have actually pulled come back a little bit either, is also back back up of $2000. It briefly dipped below that level, and for some analysts there's looking at that is kind of an important support level. Where they can see further gains from here. I think, as I said, the jury is still kind of out on where the industry goes from here, Um people were really looking at the launch as a as a real watershed moment from within the industry, and I think proponents still see this as Yet again, another sign post of more mainstream and institutional interest, especially now, with the debut of coin base, you'll start to see it pop up, perhaps, and more portfolios more. Analysis from sell side analysts even on all of those bode well for further gains for Bitcoin and ether. Now, our last minute here, Eric There had been some reports over the weekend that the plunge in Bitcoin another crypto currencies could have been related to a Treasury Department cracked down some regulatory pressure, Perhaps Yeah, This is something that the industry is always on the watch for from the very beginning. One of the biggest ongoing existential threats for crypto is the interest of regulators, and he's kind of concern kind of athlete. Over time. They come and go on Wayne's. We actually had a Seminar. Q and A. We ran online on the last week, and one of the experts is with the World Economic Forum. They suggested that you could see another wave of dramatic potential regulation from regulators and Any time you get more money in this. Anytime you get more people involved in this, the regulators are gonna pay attention. We also saw a turnover and governments. Of course, the new Treasury secretary, a new head of the SEC, as well and with new people also comes new scrutiny. So there are plenty of potential catalysts and plenty of potential opportunities for new and fresh look at the regulatory regime around crypto currency moving forward. Bloomberg News process that reporter Eric Lam Thanks for this, Eric and again looking at Bitcoin right now, it's just below 8 113,035, Karen All right, Nathan. It is five a day 300 All street. It's time for the Bloomberg lab report. Let's get to the legal stories we're watching. This morning from Bloomberg's Jeff Bellenger Food.

Alexei Navalny Michael Barr Jeff Bellenger Eric Lamb Eric $2000 Karen Eric Lam George Floyd Bloomberg Interactive Brokers Michael Nathan SEC Wednesday last week Friday Giants Nets more than 2700 last week more than 120 countries
"eric lamb" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:20 min | 5 months ago

"eric lamb" Discussed on Bloomberg Radio New York

"Coming up to find out one on Wall Street and check the markets every 15 minutes Throughout the trading day on Bloomberg S and P futures down, four points down Futures down 60. NASDAQ Futures of three The decks in Germany is little changed tack in Paris up about a quarter of a percent in the foot. C 100 up 2/10 percent. Que tu 25 in Japan Little change Hang sang in Hong Kong gained half percent. 10 Year Treasury of 6 30 seconds You have 1.55% they yield on the two year 20.15%. Nymex crude oil little changed up three cents, said $63.16 a barrel Comex gold is up 4/10 percent or $7.40, a 17 87 70 announce the euro 1.20 to 4 against the dollar. The yen it went away. 40.11 Nathan Karen will have more on the markets in a minute, but first we begin with the latest on the pandemic. Global cases are continuing to rise despite progress on the vaccine front. Let's get the latest live with Bloomberg's. We need a young Good morning, Anita. Good morning, Nathan. More people were diagnosed with covert 19 during the past seven days than any other week since the start of the pandemic. Cases topping 5.2 million globally show the worst outbreaks accelerating in many countries that are ill equipped to deal with them Now. This comes just days after the world surpassed three million deaths and despite country's efforts to get the virus under control by rolling out vaccines. Here in the U. S. There is some brighter news. More than half of all adults have now received at least one cove in 19 shot in New York. I'm bringing a young Bloomberg Daybreak ready to thank you. Johnson and Johnson's vaccine remains on hold in a decision on how to resume the shot will likely come by Friday. That's according to U. S infectious disease chief Dr Anthony Fauci pause was to take a look. Make sure we Noel the information we can have within that time frame and also warns some of the physicians out there who might see People, particularly women, who have this particular adverse event that they treat them properly. Doctor found she spoke on ABC s this week Heard Sundays on Bloomberg Radio. Six American women developed a rare severe blood clots after getting the vaccine. Then you're a boxer University is starting a study on patients who've recovered from Cove it to see if they can get reinfected. We get that story from Bloomberg's You in pots in London, first of his contract of the university, Oxford hopes to discover what those of Corona virus is needed to Cause reinfection people aged 18 to 30. You've previously been naturally infected of being recruited by the university getting nearly £5000 as payments. They're also hoping this study may shed light on how to develop more effective vaccines against the pathogen. In London. I'm your pot spring break Daybreak, you and thank you turning to the markets. The price of Bitcoin is steady this morning after a plunge over the weekend, we get more from Bloomberg's Eric Lamb in Hong Kong between another crypto currencies have suffered a bit of a hangover following the debut of Crypto Exchange, coined based the largest crypto currency fell as much as 15% Sunday, but it's brought back some of those losses during agent trading on Monday, While some see the coin based listing as yet another potential peak for the industry. Optimists see the debut as a watershed moment for Currencies and spurring further mainstream and institutional interest in Hong Kong. Eric Lamb, Bloomberg Daybreak, Erik thank you, And there's also speculation and several reports that the crypto plunge was related to concerns the U. S. Treasury may crack down on money laundering carried out through digital assets in Texas. Authorities are investigating the crash of a Tesla car, where no one appeared to be driving to passengers in that vehicle were killed. We get more from Bloomberg's Kevin Miller. What makes this one so unusual is when the place and breasts You got to the scene. There was no evidence that there was anyone in the driver's seat. But two dead men in the car. One was in the front passenger seat, and the other one was in the backseat. Sitting upright. There's no evidence. The police say that there was a third person involved, so it looks like the car was operating in a driverless smoke. Bloomberg's Kevin Millar says it took more than 30,000 gallons of water to extinguish that fire, which burned for four hours. Shares of Tesler down more than 1% in early trading. It's another busy week ahead for earnings on Wall Street. As stocks come off another record close. We get a preview from Bloomberg's Charlie fell it last week, we heard from a number of big banks, and it was a solid start to the corporate earning season, and that has bolstered optimism. He? Anna Barton is equity portfolio manager at Eaton Vance Management earnings expectations are very high. I think they've risen to almost 28% increase year over year for Q one, which is the highest reading of any quarter this year. This week, we'll be hearing from tech names such as IBM, Intel and Netflix. We'll also be hearing from United Airlines, Abbott Labs, American Express, Bijan Blackstone Group, Coca Cola Travelers Union Pacific and Verizon. In New York. Charlie Pellet Bloomberg Daybreak. Thank you, Charlie turning to geopolitics. Now, more tension is brewing between the U. S and Russia. Washington is warning Moscow of consequences if Alexey Navalny dies in jail. The Russian opposition leader who already survived an alleged assassination attempt is currently on hunger strike, Bloomberg said Baxter has the story. National Security advisor Jake Sullivan says Russia has been warned not to let now Bonnie die. We have communicated to the Russian government that what happens to Mr Navalny In their custody is their responsibility and they will be held accountable by the international community, Sullivan says using chemical weapons is against international law in San Francisco. I'm Ed Baxter Bloomberg Daybreak. Right. And thank you and S and P Futures are down. Six points right now. Down Futures down. 79 NASDAQ Futures Down 4.5 the 10 Year Treasury up 6 30 seconds you had 1.55% and the yield on the two year 20.15% and I makes crude oil is down a quarter percent. Now straight ahead. We have your latest local headlines plus the check of sports. And this is Bloomberg. It's 507 on Wall Street. Time to bring in Michael Bar for a look at what's going on in New York and around the world. Good morning, Michael. Good morning. Nathan. Closing arguments in the Derrick Chauvet murder trial are expected to begin this morning. The jury.

Alexey Navalny $7.40 Verizon Abbott Labs American Express Anna Barton 1.55% Jake Sullivan United Airlines Kevin Millar IBM New York Eric Lamb San Francisco Erik Ed Baxter Sullivan Texas Anita Nathan
"eric lamb" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:56 min | 8 months ago

"eric lamb" Discussed on Bloomberg Radio New York

"Hearing and you're listening to Daybreak Europe live on Bloomberg radio. And the big question, I suppose. This morning. Caroline is how far gain stop on the whole trouble to do with that continues to affect the markets. You absolutely retail investors what they can and can't do. But it begs Cross asset reporter Eric Lamb will join us on that. Plus what happens to you, Kay Workers rights post Brexit lawns. Waterman chair off. The British Safety Council is also joining us this hour. He is worried about standards Post Brexit as this You have first, the vaccines row is only blowing up. Roger. Yeah, And of course, the vaccine issue is mainly to do at the moment, at least, whether AstraZeneca is fulfilling its contract. We're hearing from a scale of one to lie on the EU Commission president saying it's time they came clean with the contract, which has, of course commercial confidentiality rules attached to it, Matty said what they are committed to Yeah, indeed. We'll get to those stories in a moment. Let me bring you in art market update. So we are down in terms of U. S and European futures, but not quite as badly as we were earlier in the session as these retail investors reddit driven short squeezes really upended markets in lots of ways you start 50 futures are down. Currently 1% S and P 500 human futures down 8/10 of 1%. Along with NASDAQ, a mini futures As for the bond markets this morning, US Year trader one spot 05% as over in China, their concerns about a cash squeeze. There. We see really a sea of red in the equity markets in Asia. The cost me perhaps the worst down 3% on As for the currency markets, Greenback, Dollar spot index is down. It's stories up. Stronger 2/10 of 1% water, Right. Let's bring you some breaking lines across the terminal. Getting news from Boo Hoo confirming their exclusive talks with Arcadia over some brands on Dorothy Perkins, Wallace and Burton. Doc Martens prices. Its appearance 170 pence per share, raising £3.7 billion. H in EMS fourth quarter pretext is at 3.67 billion Swedish kroner. Hmm. Is going to come back with a date level for resuming dividend dividends, of course very much in focus in Europe. At the moment, we're expecting German GDP shortly beyond actually see it right now will bring you those figures as soon as we get them. Yeah, absolutely. In the meantime, let's go to our top story this morning, beginning with the retail frenzy over game stop the trading at Robin Hood and limited trade on certain popular stocks on Thursday, But the move seemed to make almost no one happy drawing a rebuke from Washington on the threats of lawsuits from day traders. The CEO Vlad 10 of toppling like it was Peut operational decision there to protect the apse financial position on not based on pressure from outside firms we want directed by a market maker or any other market participant. This was a technical, an operational decision. About Robin Hood does seem to be facing major liquidity issues with the platform confirming this morning that it is raising more than a billion dollars from existing investors. This after Bloomberg sources said that it is drawing down on credit lines to ensure that it has enough cash to clear trades. Now, let's go. Tonto remark. It's live guest Richard Jones joining us this morning. Richard. We are waiting for the German data GDP. They seem to be somewhat delayed. We could have the French, of course, earlier showing their economy shrank 1.3% in the fourth quarter. Let's just reflect on that their backs while we're waiting for the German figures to come through Richard Hashing, investors really interpret what we know about the French data. Good morning. Roger. Well, thinking, extrapolated from the French data that we've seen. It looks like the end of last year was a pretty rough one for the your area economy, And I think it underscores why the E. C B is probably going to continue with accommodative monetary policy settings. The foreseeable future. I mean, the French data wasn't as bad as expected, but it still came in negative. And more importantly, I think it was a massive drop off in the hugely positive third quarter figures that we saw. I think what's clear from this data is even if it wasn't as bad as feared that the pandemic restrictions That we've seen across Western Europe are weighing on economic activity, and I think what we could expect similar results from when we get the other your area countries the latest thing, their GDP data I think the other point to make is that we've got these lockdowns being tightened and extended across Europe. So you've got to think that the fourth quarter weakness that we saw is going to extend into this quarter as well. I think that's especially true. Given the uncertain vaccine roll out that we're seeing in Europe on then I think what it does is that underscores what Christine Lagarde was recently saying she signaled that the eurozone economy is headed for a double dip recession. With the data that we're seeing this morning. I think it's easy to see how she came to this conclusion. Richard. Thanks very much. Indeed. Richard Jones there from the markets live team give bring his up to speed with interpretation of what we know from the French data say we are still awaiting the German data for all time. Market country analysis. Check out markets life ml ivy on your terminal. Now turning to the pandemic, and the European Union is poised to tighten rules on the export of covert 19 vaccines. As Bloomberg's Maria today explains, it risks a major escalation with other nations outside the block. The European Commission is moving closer, introducing an export limitation system that could see Corbett vaccines blocked from being sold. Instead of the European Union. The move comes from. It's a very public spat with AstraZeneca over vaccine deliveries, and it highlights the tension's building among the different countries to get ahold of supplies and speed up the vaccination campaign in Brussels, Mario today a bloomer, deeper Europe No..

Europe Bloomberg AstraZeneca Richard Jones Richard Roger Robin Hood European Union Eric Lamb Kay Workers Caroline Cross Richard Hashing Western Europe Waterman reporter European Commission
"eric lamb" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

07:11 min | 9 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

05:28 min | 10 months ago

"eric lamb" Discussed on Bloomberg Radio New York

"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 this speech itself. With so many issues that need to be finessed here. Ongoing relationship with China, the Koven 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 the 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 Theo 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 are that 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 or 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 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 revenue, is 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 been 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 strained and going back to you, as you say that more conservative line of spending Eric Thank you so much for joining us. Eric Clammed Bloomberg Cross Assets reporter. Brian 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. in Hong Kong and six PM on Wall ST John. Right. Thanks, Dog in Brian and just ahead on Bloomberg. Daybreak weekend, Let's head to Washington for the legal troubles that could potentially be waiting for President Trump. John.

Hong Kong John Hong Kong Carrie Lam Bloomberg Brian Curtis Beijing Eric China Doug Prisoner Eric Lamb Chinese government Bloomberg Cross Assets Bay Area chief executive reporter Asia Paul Chan Milton Friedman Eric Clammed
"eric lamb" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:39 min | 11 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 Bloomberg Radio New York

Bloomberg Radio New York

02:34 min | 1 year ago

"eric lamb" Discussed on Bloomberg Radio New York

"Russian president Vladimir Putin has replaces long serving prime minister Dmitry Medvedev with a little known head all the tax service thanks Henry man says he's called for sweeping constitutional changes fueling speculation that the Russian leader is moving to extend his grip on power feeling the end of his time in twenty twenty four the constitution now requires Britain to step down as president then but he could take on another post to ensure his continued influence in Moscow Henry map Bloomberg daybreak you're in the US the houses sent to all schools of impeachment to the Senate is the first step to begin president trump's trial that is all but certain to end in a critical and major majority of senators would be needed to convict the president Chief Justice John Roberts will personally David this trial with the Senate and security the trial will begin next Tuesday in Germany Angela Merkel has reached a deal to begin phasing out coal the talks set out a timetable for shutting down coal fired power generation by twenty thirty eight as part of the deal with Germany's coal producing states the government will provide a forty billion euros regional infrastructure and how come is behind on its taxes hundreds of thousands of residents of still waiting in January for they salaries tax bills which nobody would have started landing in mailboxes in July Plavix Eric lamb reports instead the hold up is due to a legislative backlog cling to the ongoing protests the rocks Hong Kong for the last seven months only about one third of tax assessments for individuals have been made the government is further ahead when it comes to corporate taxes having says seventy seven percent of profits tax returns Hong Kong is expected to face his first budget deficit since the early two thousands and delays in receiving tax payments could make the existing shortfall worse in Hong Kong error clam Limburg daybreak Europe cable news twenty four hours a day on it and quick take Mike Bloomberg pow it's by more than twenty seven hundred journalists and analysts symbol the one hundred twenty countries I mean against this is Bloomberg Neiva liana thank you so much now coming up we'll get more details all in phase one it's done with key provisions on IP theft efforts to close the trade gap seen as positives but a lot of questions remain and what happens before we move on to phase two in terms of the market reaction was so US stocks hit records yesterday but little bit of a subdued reaction today Asia was trading it makes thirty minutes into the equity marketing open in Europe went dead flat on the stop six hundred a second day of no movement either way little bit underwhelming inequities this as a man the following is a message.

theft Bloomberg Neiva Mike Bloomberg Limburg Hong Kong Eric lamb David Bloomberg Moscow Henry Dmitry Medvedev Europe Asia Vladimir Putin Germany Angela Merkel
"eric lamb" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:57 min | 2 years ago

"eric lamb" Discussed on Bloomberg Radio New York

"A tenth of a percent of a dollar forty to fifteen twelve eighty announce the euro one point one one six two against the dollar the yen went oh eight point four six Nathan the care and we begin with signs the US and China are inching closer to a phase one trade deal commerce secretary Wilbur Ross says they're making progress in looking to nail down a time and place to sign an agreement Ross spoke with Bloomberg says Linda I mean in Bangkok thank you for your so dire where there was a suggestion about Alaska there was a suggestion about Hawaii I'm sure the Chinese will have some suggestions in China that should be the easiest part of the whole thing to negotiate for the trade deal will be signed in November well you say is wonderfully definitively second is the first I think we're in good shape we're making good progress then there's no natural reason why it couldn't be but whether it will slip a little bit I don't know so it's always possible Wilbur Ross also weighed in on the U. S. Banahaw way saying licenses allowing firms to sell to the Chinese company will be coming quote very shortly that optimism on trade plus of Friday's upbeat US jobs report help give a boost to stocks in Asia today Bloomberg's Yvonne man is in Hong Kong and joins us now with the details good morning of on the morning Karen Japan was closed for the holiday but we saw risk on session equities with more than one percent gains in South Korea and Taiwan in fact the cost besides best days since August the CSI three hundred in China was close to breaking above the four thousand level thanks to foreign investors buying the most mainland stocks in eight weeks in Hong Kong on the vine men Bloomberg daybreak Yvonne thank staying in Hong Kong it was another weekend of violent protests riot police and demonstrators faced off again is tear gas filled the streets and pepper spray ran through malls full of afternoon shoppers we get more from Hong Kong with Bloomberg's Eric lamb at.

"eric lamb" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:26 min | 2 years ago

"eric lamb" Discussed on Bloomberg Radio New York

"Tool release date is today extracted to confirm what retailers hotel operations operators and residents know all too well that the economy has slipped into recession of the nearly five months of increasingly violent protests the bugs every clown reports third quarter GDP figures are expected show a zero point six percent retreat after zero point four percent contraction in the second quarter don't put Hong Kong into its first recession since the global financial crisis the debate now is on just how long this downturn will last well there are some glimmers of stabilization in recent data they're also fears the US China trade war and demonstrations of done lasting damage in Hong Kong Eric lamb Bloomberg daybreak Europe meanwhile HSBC load it's Hong Kong prime lending rate for the first time in eleven years in other news the old survey December general election in Japan of full enough to the resignation of a second cabinet minister in just a week Bloomberg's Isabel Reynolds has the details justice minister caps you can Calais stepped down following the magazine's Alec Asians of illegal payments to campaign workers the latest in a series of scandals that's also post as prime minister Shinzo based economy minister talk of a December election had amassed a head of a full calendar of events next year in Tokyo is opponents claim by daybreak here at Kohl's amounting for Lebanon to impose capital controls after two weeks of nationwide protests it's the old formal restrictions on the movement of money would help to defend the country's dollar peg and preventive on on the banks when they re open on Friday thanks I've been getting calls from clients asking to move their money abroad as soon as land does resume operations and the US justice department has struck a record deal with fugitive financier Jay love to recoup almost a billion dollars looted from one M. D. B. prosecutors allege illo orchestrated the theft of more than four billion dollars and used it to pay for a private jet to see beyond mansions and finance Hollywood films assessment filed in California would be the biggest recovery yet for the Malaysian investment fund global needs twenty four hours a day on average that takes up on Twitter by more than twenty seven hundred journalists and analysts symbol the one hundred and twenty countries I'm young parents this is Bloomberg mats the end thanks very much for that now still ahead on Bloomberg daybreak Europe Twitter is banning all political advertising on its platform but Facebook.

"eric lamb" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:17 min | 2 years ago

"eric lamb" Discussed on Bloomberg Radio New York

"More global news headlines again good morning Matt let's start with break city on bass it is have agreed they should accept the UK's request for third extension to the brexit process but is said to be split take how long to ground the French pushing for a tight deadline of October the fifteenth while many other countries want to permit the three months the U. K. officially almost full Johnson was forced to request an extension of the failed to win the backing of lawmakers in time for October the thirty first a deadline staying in the U. K. two houses have been such dispose of an investigation into the death of thirty nine people found in a lorry in Essex the addresses in County Armagh thought to be linked to the truck driver he's being questioned on suspicion of murder peace all working now to identify those bodies crossing over to Hong Kong retailers in hotels all in an increasingly desperate struggle to actually stay afloat thanks Eric lamb says they are resorting to some creative meshes to keep customers coming is ongoing protests straight to to it a twenty first straight week a series of relief measures from the Hong Kong government over the past week the circuit groups from the working class to construction workers taxi drivers and travel agencies the resellers and hotels have been largely left in the cold for those are still willing to shop and spend on Hong Kong streets there some cheap deals to be had that was young CEO of Hong Kong lifestyle and fashion change goods of desire describes it as a quote life and death situation in Hong Kong Eric lamb Bloomberg daybreak Europe and but Swanee people voted peacefully and elections yesterday results are expected in the next few days and opinion polls show president mocha we'd seen the CC retaining power bags Mike Kevin has more books ones voted peacefully elections yesterday that the president we seem to see see any spots wanted Democratic Party against an opposition alliance that included these previously in commas box one a patriotic front the two men fell out of the mess he sees decision to lift the hunting ban and find some of Commons key allies in Cape Town my co and Bloomberg daybreak your cable needs twenty four hours a day on average take took on Twitter by more than twenty seven hundred journalists and analysts symbol the one hundred and twenty countries I'm the I guarantee this is Bloomberg Anna thanks very much lately and now the only sports news here in Europe this week.

"eric lamb" Discussed on WAFS Biz 1190

WAFS Biz 1190

02:29 min | 2 years ago

"eric lamb" Discussed on WAFS Biz 1190

"Our coverage and today's number is forty percent her to explain why it is bloomer trust asset reporter Eric on Eric this relates to one of the most fascinating topics I think is out there in Asia at the moment yes in a concern that so we've been watching for months now and in that really the latest signs are that it's still not getting any better forty percent is the drop in the number of hogs that there are in China in September and that's the biggest drop since they first announced the the beginning of the outbreak of African swine fever last year now we're also looking at numbers including the number of female hogs which unfortunately that number's dropped thirty nine percent as well as an indicator that we're not getting restocking either so are piglets unfortunately now so at the moment the numbers really showing that this crisis that's been unfolding for much of the past year is not getting any better right so how much of an impact has that actually had on port prices in house feeding into China's inflation data because we saw that yesterday yeah so for it's a temperate prices went up twenty percent and it for the year the price increase for page now is at sixty nine percent so that number has gone up quite a bit it's having a bigger and bigger influence as you say on Chinese inflation is factoring more than one and a half percentage points or points into the inflation factor and we saw tries inflation Austria hitting three percent as well so it's becoming a bigger bigger concern certainly for prices for people love to eat pork yeah food flirtation is with us our it blew across asset reporter Eric lamb thank you so much for that let's turn back to Hong Kong where chief executive Carrie lam is giving her policies feature annual policy speech we've seen her announce a number of initiatives to try to satisfy some of the demands of angry protesters those include some moves to free up additional land she's also said she's going to offer two thousand five hundred Hong Kong dollars in personal allowance to students we know that a lot of the Hong Kong protestors are of course extremely young citizens of these cities manis yeah and you know Traci this goes to the heart of the trap middle in terms of home ownership and secrets straight in requisitioning seven hundred hectares of land and also increasing the subsidies you said to the no income families the questions.

"eric lamb" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:52 min | 2 years ago

"eric lamb" Discussed on Bloomberg Radio New York

"Superlative from our coverage and today's number is forty percent here to explain why is bloomers cross asset reporter Eric climb Eric this relates to one of the most fascinating topics I think is out there in Asia at the moment yes in a concern that so we've been watching for months now and in the really the latest signs are that it's still not getting any better forty percent is the drop in the number of hogs that there are in China in September and that's the biggest drop since they first announced the the beginning of the outbreak of African swine fever last year that we're also looking at numbers including the number of female hogs which unfortunately that number's dropped thirty nine percent as well as an indicator that we're not getting restocking either so piglets unfortunately now so at the moment the numbers really showing that this crisis that's been unfolding for much of the past year is not getting any better right so how much of an impact has that actually had on port prices in house that feeding into China's inflation data because we saw that yesterday yeah so for it to timbre prices went up twenty percent and it for the year the price increase for page now is at sixty nine percent so that number has gone up quite a bit it's having a bigger and bigger influence as you say on Chinese inflation is factoring more than one and a half percentage points or points into the inflation factor and we saw tries inflation Austria hitting three percent as well so it's becoming a bigger bigger concern certainly for prices for people who love to eat pork yeah food flotation is with us our it blew across asset reporter Eric lamb thank you so much for that let's turn back to Hong Kong where chief executive Carrie lam is giving her policies feature annual policy speech we've seen her announce a number of initiatives.

"eric lamb" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:30 min | 2 years ago

"eric lamb" Discussed on Bloomberg Radio New York

"In Sydney Eric lamb in Hong Kong thanks a lot for your time on this Friday morning have a great weekend Doug back over to you all right in Singapore we are joined now by Carol Lena Baker she is globally for private equity and alternative investments for the APEC region Mideast as well add to this truck caroling pleasure to have you on the program give me your sense of how you're reading it global markets these days what's really operating fundamentally that's causing this outrageous reaction I mean is it all come down to US China trade or is there something more foot I I mean I think there is a lot of all to the in the market these days US China is is definitely having an impact and I think you know from a sitting here in the region you know we are seeing a lot more interest in the alternative investment space just because of the volatility that is happening out there when you say alternative it is that really the private marketplace as opposed to publicly traded entities it is absolutely so the private equity real estate investors in infrastructure it's definitely something that investors are turning to looking at the ball to lay in the market they're looking for it you know more stable long term returns so when you look at valuations on that basis for the private by are you seeing more attractive entry points than what we're seeing in the public space we are we're seeing pretty attractive entry points I think you know there is given that the increase in in dry powder in the industry right now particularly in Asia a lot of the funds are actually going in at that higher multiples and we have seen historically so entry points are not necessarily as and as low as we see them probably in the past two three years but again still offers a very attractive alternative to that publicly listed markets so in that thinking what's the typical strategy is it a five year hold and you hope to get some capital appreciation over that time and I'm wondering whether or not there's a bit of you know there's always a roll of the dice here but you got to have enough confidence now that in five years time you're going to be able to capture a premium you do know absolutely so it is typically a five to ten year hold you know what you're looking for is looking for growth in the markets are growth in the statements that you think you can take these private companies you know along with you and and really realize additional value for them then they would not have been able to realize that they're not been backed by a private equity so talk to me about the areas that you're seeing the most attraction in the mean is it tech is it something more geared toward the domestic consumer in China is is are there themes here that we can tease out they're definitely themes and I think it depends on the asset manager themselves so what needs to happen these days is asset managers need to have funds that they have really conviction about the segment about that the market so we're definitely seeing a lot of tech focus in the investments being a particularly in Singapore with the venture capital space absolutely booming there a lot of fans are really focused on investing in and tech we're also seeing you know China as a big draw so again if you have a specific expertise in one particular segment in retail goods that's an area that you should be focusing on so for the private buyer are they going all cash sure they gearing just a little bit particularly in an environment where rates are so low or they applying a little bit of leverage here they are they are playing a lot of leverage so we're typically we've seen you know maybe twenty five percent to add gearing on some of these private investments where would definitely sing an upward trend with some being up to you know forty or even fifty percent is it all mainland China primarily or or clients looking at other part number to kill the Vietnam I'm thinking you know given everything that's happened in the supply chain whether there are opportunities in in countries like Vietnam absolutely so you know China is definitely one area of focus but Southeast Asia is absolutely booming so we've got you know Indonesia with a hugely growing an emerging middle class same with Vietnam so you're looking at China is is one focus but then Southeast Asia is definitely huge focus for the ones that we've been saying also with the people that you're speaking with on the ground what are their feelings about the trade war between the US and China their feelings are that it will Hey even itself out and everything will be alright in the end that you know these are short term impacts but you know at the end of the day it's such an important relationship that we're everyone is confident that it will settle itself out are they adopting strategies that would account for maybe is something going on for well longer than a year they are they are again depending on the confidence of the asset manager they you know some of them may look at this as an opportunity you know we see a very long term growth path and and right now some of the deals are compressed not at all a lot of capital is maybe going into trying as much as it would be because of these trade war so it's an opportunity for some asset managers who are really taking a long term focus quick pivot in about thirty seconds I see that you also have an eye on the Middle East as that include North Africa places like Ethiopia it said it does not so much at the moment I think the Middle East as our our focus we are looking at Africa as definitely I've growing in emerging market we're not seen Ethiopia so much but we are seeing you know South Africa and Kenya some of these emerging markets good stuff Carol enough thank you so much for being with us and sharing your insights caroling Baker there she is globally for private equity and alternative investment she focuses not only on Asia but the Mideast as.

Eric lamb Hong Kong Doug Singapore Sydney twenty five percent two three years thirty seconds fifty percent five years five year ten year
"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 The Daily Zeitgeist

The Daily Zeitgeist

02:44 min | 3 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 The Jim Jefferies Show Podcast

The Jim Jefferies Show Podcast

04:54 min | 3 years ago

"eric lamb" Discussed on The Jim Jefferies Show Podcast

"You're listening to comedy central ladies and gentlemen welcome to the jim jeffrey show podcast i was saying the theme song for the new guys this is the jim jeopardy show podcast it's like other podcasts but it involves me now i could improve my songwriting but i'm not he if his songwriting i'm here to tell you about my upcoming dates to lie thirteenth at the northern alberta jubilee auditorium in edmonton alberta canada july fifteenth at see what is it team that's a t to take a minute the letter to you see tc you plays in saskatoon you taking the piss i'm in saskatoon saskatchewan that copy a real place but that's where i'm going to be in canadia the country also on july thirteen we have big news we have big news we have big news july the teen the release of my new netflix special this is main will be coming out on netflix that's what's netflix special and it's gonna it's gonna be released in the same day around the world and involves such classic comedy routines as the ones that i did on that now we have great sold it i think i like i like the special people are listening on the podcast assume they're gonna watch this i'm a little i'm a little pudgy on this special because main you had been touring at that stage six weights across europe and so we went on a good diet now you said you're going to go on a diet i on on the trip i kept my white to raise the level but it was never gonna be great now and it was a lot of drinking there was a lot of drinking and it was europe so there was a lot of dancing and clogs and that doesn't saying the other day to light is like you like from from when you start on a flight to the end you get fatter gain like five fans and every fight and says what are you gonna introduce me identity forest introduces i alexander a second there i i gained five now five pounds on every flawed i do and that was why i was gigging last night in canada and that's why i'm piji on these aside because i i've flyweight i i swear up and i retain water on a lot of side forest by ma best friend honey i'm gonna chair i heard that yeah there was i saw it online cherries before we go into this real quick let's injuries our guests because he feels left that doesn't even know about the fucking i know about you lum everyone knows about my mom unless she needs when she's swimming she becomes own continent all right so our guest is your friend command eric lamb pair right say lambeth i started going lamb i've been cutting eric fucking a decade you're only raise a lamb okay does everyone remember the ban risa light now now the venue america reference but he looks like lead singer from raise a lot so everyone who's in the qasr google it if you want to test the rest of you will have to wait till you get so eric's last name is spelled l a m p a e rt's the cheese it's french he's french are you french yeah you know this i thought you pretty sure you in britain and you have a british accent i met you in britain doesn't mean you british yeah but you have a british accent you have the disdain of a french person you you you you you look at people with like little disregard for the human being which brings us to the first active ash show eric before we do that you were just talking about it there's a josh shield road he's a gym killed at earlier tonight at the casino and ramel lamma dingdong rabbeting even provided a chair update that i think only two other people in the audience enin best live comedy i've seen including blah blah or who who is my other times other times basically it was where dry but the chair of date so the chairs arrive you're about to say that before i tell you what actually happened was in remedy casino i was there and there was a woman i'm going to say in who made hundreds and tens and she came out two inches you guys i'm your biggest fan i've seen you live six times i went offense thank you so much i did.

jim jeffrey five pounds two inches