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"george perks" Discussed on Marketplace Morning Report with David Brancaccio

Marketplace Morning Report with David Brancaccio

04:44 min | 4 months ago

"george perks" Discussed on Marketplace Morning Report with David Brancaccio

"Markets have turned up. I'm David Brancaccio. Financial Market players are showing less fear and more confidence this morning. The Dow future is up more than a thousand points right now. Four point three percent. London's One hundred share index. The footsie is up three point. Nine percent now oil after its collapse amid a Saudi led price war has clawed back some of his losses with the New York Price. Up Ten percent was still cheap. Thirty four dollars a barrel. Some of this is an indication from the White House of perhaps economic stimulus measures being contemplated perhaps a cut in the US payroll tax. A move that can percolate into the economy quite quickly. If enacted the market performance at the moment does not erase yesterday's ordeal the Dow fell more than two thousand points. Seven point eight percent the deepest plunge since the two thousand eight financial crisis. Marketplace's Justin Ho is here with that. This selling was really across the board big losses and tech stocks financial stocks consumer goods services crude oil. New York dropped twenty percent. Who around thirty one dollars a barrel on Monday the viruses making demand for oil slowdown and George Perks? Bespoke investment group says these prices the cost of drilling in the. Us might not be worth it. And that means jobs are on the line manufacturing jobs for it into everything from pipelines to sand to everything that needs to get done in oil patch services. Jobs that go with it. The main market concerned though is what happens if the outbreak or restrictions involving the outbreak bring economic activity to a crawl. Does the outbreak lead to fewer people? Going to restaurants shopping going to conferences regardless of how cheap gas prices might be by the way Monday just happened to be the eleventh anniversary of the bull market if the S. and P. Five hundred thousand additional one point four percents. That bull run will have officially ended. Marketplace's Justin Ho thank you. Investors who were younger have many years to let their portfolios. Recover from whatever we're in now. What is the person to do is get up there? Let's turn to eight mature American. My friend Allan Sloan Washington Post columnist and PROPUBLICA editor at large. Alan Grit to see you. Good Morning David. Are you simply flabbergasted that the long bull run? Nearly eleven years long seems to have come to such an abrupt end. I'm not surprised that it's come to an end though. It may not be over yet what I am surprised how quickly things have fallen from their highs. Three weeks ago. The only question was how high would go now. The only question is how low will it go often? People have set the ratio wrong in their portfolio. Their asset allocations are off their way too deep into stocks and this is looking pretty dreadful for them at the moment. Well I I hate to say this but by suffers largely stocks because I could afford the risk and the I kept looking at the yields on bonds and said I don't want this and I told everybody and I thought by Hans and anyone who's bought bonds has done very well because the interest rates have fallen and the prices of bonds have risen. But I didn't expect that to happen and I could afford to wait it out so I I have essentially no bonds we keep hearing about the relative safety of government bonds. You don't see the safety. Well look I did some math recently on the ten years for Asia very and it was yielding when I did this. Seventy four hundreds of a percent which means it's seventy four dollars is your interest over ten years on a thousand dollars in this bond and should the rate year after you bought it. Go Up points which you think it might take. Yeah well in that case the price on the bond goes down nine points. So you've lost more and market value fin the entire interest that you stand to yet over the life of the baht. Do you WanNa know what you should do to do? Safe my standard. What should I do? I would go out and find myself a nice. Low-cost HIGH-QUALITY Treasury Money Market Fund. And put in that. Because at least they are. You don't have to worry about the market price. You're not kidding. A great return. But YOU'RE NOT GONNA lose anything and you wait for different times but you know. It's eleven years ago this week that stocks bottomed out after the last financial crisis right well. This is true so eleven years in. It's been a good run. Allan Sloan Washington Post columnist and PROPUBLICA.

"george perks" Discussed on KQED Radio

KQED Radio

04:31 min | 4 months ago

"george perks" Discussed on KQED Radio

"The Dow future is up more than a thousand points right now four point three percent London's one hundred share index the footsie is up three point nine percent now oil after its collapse amid a Saudi led price war has clawed back some of its losses with the new York price up ten percent to a still cheap thirty four dollars a barrel some of this is an indication from the White House of perhaps economic stimulus measures being contemplated perhaps a cut in the U. S. payroll tax a move that can percolate into the economy quite quickly if enacted the market performance at the moment does not erase yesterday's or deal on the Dow fell more than two thousand points seven point eight percent the deepest plunge since the two thousand eight financial crisis market place's Justin ho is here with that this selling was really across the board big losses in tech stocks financial stocks consumer goods services crude oil in New York dropped twenty percent to around thirty one dollars a barrel on Monday the virus is making demand for oil slowdown and George perks of bespoke investment group says if these prices the cost of drilling in the U. S. might not be worth it that means jobs are on the line manufacturing jobs were added to everything from pipelines to stand to everything that needs to get done more patch all the services jobs that go with it the main market concern though is what happens if the outbreak or restrictions involving the outbreak bring economic activity to a crawl does the operate lead to fewer people going to restaurants shopping going to conferences regardless of how cheap gas prices might be by the way it Monday just happened to be the eleventh anniversary of the bull market if the S. and P. five hundred thousand additional one point four percent that ball run will have if actually ended market place's Justin ho thank you investors who are younger have many years to let their portfolios recover from whatever we're in now what is a person to do is getting up there let us turn to a mature American my friend Allan Sloan Washington post columnist in ProPublica's editor at large Allen creek to see you good morning David are you simply flabbergasted that the long Bull Run nearly eleven years long seems to have come to such an abrupt end I'm not surprised that it's come to an end though it may not be over yet what I am surprised is how quickly things have fallen from their highs three weeks ago the only question was how high would go now the only question is how low will it go often people have set the ratio wrong in their portfolio their asset allocations are off their way too deep into stocks and this is looking pretty dreadful for them at the moment well I I hate to say this but buy stuff is largely socks because a I could afford the risk and B. I kept looking at the yields on bonds and said I don't want this I told everybody not to buy bonds and anyone who's bought bonds is done very well because the interest rates of form and the prices of bonds have risen but I don't expect that to happen and I could afford to wait it out so I I have essentially no bonds we keep hearing about the relative safety of government bonds you don't see the safety will it work I did some bath recently on the ten year treasury and it was you will tell you what I did this seventy four hundredths of a percent which means it's seventy four dollars is your interest over ten years Fapson dollars in this spot and should the rate a year after you bought it go up the points which you think it might are you think yeah well in that case the price on the bond goes down nine points so you've lost more hurt market factor you said maybe it's higher interest that you stand to get over the life of the pot do you want to know what you should do to do safe by my standards what should I do I would go out and find myself a nice low cost high quality treasury money market funds and put it in that because it was there you don't have to worry about the market price you're not getting a great return but you're not gonna lose anything and and you could wait for different times but you know it's eleven years ago this week that stocks bottomed out after the last financial crisis right well this is through your your eleven years and it's been a good run Allan Sloan wash was columnist and ProPublica editor at large thank you my pleasure.

London
"george perks" Discussed on 90.3 KAZU

90.3 KAZU

02:40 min | 4 months ago

"george perks" Discussed on 90.3 KAZU

"What I would like you to do today as we get going on focus your eyes if you would figuratively of course like you do when maybe drop something or you're on a pattern rug in how they can help you find what you're looking for do the same for me now with the admittedly not a stock market gyrations the past couple of weeks ups and downs of three or four or five percent or more focus not on the actual movements but on the underlying phenomenon the volatility market place's got tongue explains why it's happening and what it tells us by one measure of stocks have not been this volatile since the financial crisis a decade ago surely it's the fear of coronavirus but for traders addicted to data there's not enough of it how long will the outbreak last are the Chinese factories back how will this hit company earnings at Charles Schwab one of our underwriters strategist Liz Ann sonders says many companies have gone silent they're just saying we're not even giving guidance because we have no idea what is going to happen so in terms of how Wall Street kind of prices stocks and markets analyst you know have their hands in the air then there's election year uncertainty as the market swings based on which candidate is up at the moment and markets struggle to predict the future which is their job they gyrate according to George perks at bespoke investment group is a signal like this when investors sell and expect the worst a little ray of hope can change everything if every piece of news is bad for a while expectations come down and so now that expectations are down it doesn't take much good news for everything to flip in reverse often it's consumer stocks doing the bungee up and down that's because consumption is the big unknown now says Scott ran at the Wells Fargo investment institute whether it's a payroll devices online entertainment streaming if consumers are more willing to spend money on that because they're less fearful of catching the virus than those it tended to do better but finding specific causes of volatility only gets us so far the markets a big complicated place studies suggest long periods of calm somehow lead to volatility in the more markets bounce up and down the more they get driven by emotion I'm Scott Tong for marketplace so this guy was saying there are real reasons stocks have been going Kerr flowy actionable tangible quantifiable things and there are emotional reasons as well just generalized unease also reports marketplaces Kristin shrub there are machines on days like today you might imagine the trading floor looks a bit like a scene from the movie trading places when.

Charles Schwab Liz Ann sonders analyst Wells Fargo investment institu Scott Tong Kristin shrub George Kerr
"george perks" Discussed on Marketplace with Kai Ryssdal

Marketplace with Kai Ryssdal

04:36 min | 4 months ago

"george perks" Discussed on Marketplace with Kai Ryssdal

"In Los Angeles. I'm Kai Ryssdal Thursday day. The fifth of March. Glad to have you along. Everybody as we always are here is what I would like you to do today as we get going unfocused your eyes if you would figuratively of course like you do when you drop something or your pattern rug and how that can help you find what you're looking for. Do the same for me now. With the admittedly nutty stock market gyrations the past couple of weeks ups and downs of three or four five percent or more focused not on the actual movements but on the underlying phenomenon the volatility marketplace's got tongue explains why it's happening and what it tells us by one. Measure stocks have not been this volatile since the financial crisis a decade ago. Surely it's the fear of Corona virus but for traders addicted data. There's not enough of it. How long will the outbreak last are the Chinese factories back? How was hit company? Earnings at Charles Schwab one of our underwriters. Strategist Liz end. Sandra says many companies have gone silence. They're just saying we're not even giving guidance because we have no idea what is going to happen so in terms of how Wall Street kind of prices stocks and markets analysts. You know have their hands in the air. Then there's election year uncertainty as the market swings based on which candidate is up the moment now when markets struggled to predict the future. Which is their job. They gyrate according to George Perks. Bespoke investment group. He says it can go like this. When investors sell and expect the worst a little ray of hope can change everything if every piece of news is bad for awhile. Expectations come down and so now that expectations are down. It doesn't take much good news for everything flip in reverse often. It's consumer stocks doing the Bungee up and down. That's because consumption is the big unknown now says Scott Wren at the Wells Fargo Investment Institute. What are it's apparel devices online? Entertainment streaming if consumers are more willing to spend money on that because they're less fearful of catching the virus Then those who tended to do better mud finding specific causes of volatility only gets a so far. The market's a big complicated place. Study suggests long periods of calm somehow lead to volatility in the markets bounce up and down the more. They get driven by emotion. I'm Scott Tong for marketplace. So it's got was saying there are real reasons stocks have been going Kerr fluey actual tangible quantifiable things and there are emotional reasons as well. Just generalized unease also reports marketplace's. Kristen Schwab there are machines on days like today. You might imagine the trading floor. It looks a bit like a scene from the movie. Trading places fee of traders with a phone to each year shouting buy and sell watching. The numbers tick up and down on a giant board stock exchanges. Really like this well. It could be very exciting. John Steele Gordon is a Wall Street. Historian a busy day. You know the were instances when somebody would have a heart attack or stroke or something and trading just went straight on people would step over the bodies and healthy until the medical people to get there and help. The New York Stock Exchange even had a gallery so tourists could watch but it's closed now because there's nothing left to see in the ninety s computers and algorithms replaced all the action basically. What the floor. The New York Stock Exchange is used for. Today is the backdrop for television reporters telling the audience. What the market did that day before? Algorithms traders were the experts they listen to earnings calls and read. Sec Filings now. There's so much more information to process store foot. Traffic Global Shipping data social media posts an endless loop of news stories. Yeah I mean. It's kind of limitless right. That's Michael Curtains professor of computer science at the University of Pennsylvania. This is what machines are especially good at which is processing very large amounts of data in a very short amount of time the algorithms react constantly to all the data they're taking in. It's not surprising that you see these kind of If you know things that feel like overreactions to the news of the last ten minutes Kern says if humans were still doing the legwork. We probably wouldn't see this level of minute to minute swing but we'd likely still see these numbers long-term because behind every algorithm is a human telling it what to look for. I'M KRISTEN SCHWAB FOR MARKETPLACE. Having unfocused your gaze to get going today let us now. Snap BACK INTO SHARP FOCUS. Shall we because you're going to want to see the details when we do? The numbers.

Kristen Schwab George Perks New York Kai Ryssdal Charles Schwab John Steele Gordon Los Angeles Scott Tong Liz end Scott Wren Wells Fargo Investment Institu Sandra Sec Kern Kerr professor of computer science
What's causing volatility in the stock market?

Marketplace with Kai Ryssdal

02:17 min | 4 months ago

What's causing volatility in the stock market?

"Here is what I would like you to do today as we get going unfocused your eyes if you would figuratively of course like you do when you drop something or your pattern rug and how that can help you find what you're looking for. Do the same for me now. With the admittedly nutty stock market gyrations the past couple of weeks ups and downs of three or four five percent or more focused not on the actual movements but on the underlying phenomenon the volatility marketplace's got tongue explains why it's happening and what it tells us by one. Measure stocks have not been this volatile since the financial crisis a decade ago. Surely it's the fear of Corona virus but for traders addicted data. There's not enough of it. How long will the outbreak last are the Chinese factories back? How was hit company? Earnings at Charles Schwab one of our underwriters. Strategist Liz end. Sandra says many companies have gone silence. They're just saying we're not even giving guidance because we have no idea what is going to happen so in terms of how Wall Street kind of prices stocks and markets analysts. You know have their hands in the air. Then there's election year uncertainty as the market swings based on which candidate is up the moment now when markets struggled to predict the future. Which is their job. They gyrate according to George Perks. Bespoke investment group. He says it can go like this. When investors sell and expect the worst a little ray of hope can change everything if every piece of news is bad for awhile. Expectations come down and so now that expectations are down. It doesn't take much good news for everything flip in reverse often. It's consumer stocks doing the Bungee up and down. That's because consumption is the big unknown now says Scott Wren at the Wells Fargo Investment Institute. What are it's apparel devices online? Entertainment streaming if consumers are more willing to spend money on that because they're less fearful of catching the virus Then those who tended to do better mud finding specific causes of volatility only gets a so far. The market's a big complicated place. Study suggests long periods of calm somehow lead to volatility in the markets bounce up and down the more. They get driven by emotion. I'm Scott Tong for

George Perks Wells Fargo Investment Institu Scott Tong Charles Schwab Scott Wren Liz End Sandra
"george perks" Discussed on Marketplace with Kai Ryssdal

Marketplace with Kai Ryssdal

04:55 min | 8 months ago

"george perks" Discussed on Marketplace with Kai Ryssdal

"In Los Angeles. I'm Kai result is Wednesday today. The twenty seventh of November. Always to have you along everybody the dame dame before a federal holiday it may be but the gears of the economic data system never do rest. We've got a raft of reports to tell you about the came out this morning. Most of which were all things considered public radio inside joke intended by the way pretty good orders for durable goods. Big Heavy stuff. That's supposed to last more than three years. They were up a decline had been expected first. Time claims for unemployment benefits were down. That's a good thing and an early look. At third quarter. Gross Domestic Product was revised up two point one percent not the three percent. The trump administration has been promising. But good so we are going to spend a couple of minutes at the top half of the program on a slice of that. GDP data something called business investment a key although lacking of late part of what makes this economy go. Marketplace Justin Ho starts US off business investment has been shrinking for the last two quarters but last quarter decline wasn't a steep is expected. Sarah Watt House is an economist at Wells Fargo Securities. We're not seeing it fall off a cliff. Fanny means companies are still spending. But they've certainly illustrated some hesitancy in recent months. Hell says the trade war is making companies less willing to spend on expensive new factories which take years to complete today. John Deere reported at the trade wars made farmers cautious about making major investments in new equipment. Instead how says businesses are spending more on intangible items which aren't as vulnerable bolt economic cycles. So things like software research and development to help companies come up with that next big product or or idea so that's accounting for increasing share of business investment companies did spend more uncertain tangible items overall spending on equipment fell but within that spending on industrial equipment went up so depending on the buildings that House that equipment George Perks Global Macro Strategist for spoke investment group both much firmer than you expect back. Based on manufacturing industry survey that's relatively hopeful fine still businesses spent less on new commercial buildings less on transportation equipment less on new hospitals. It's a trend that reflects a broader shift in the US economy says Alex Casino at Manulife Investment Management Manufacturing has become increasingly less important as a percentage of GDP DP. I'm the services sector which is supported by software house become increasingly important while today's GDP data found that business investment is shrinking. The same report said spending ending on services is growing in New York. I'm Justin how for marketplace. We've talked before on the show quite a bit. Actually about the trump administration and the global technology industry and the White House trying to isolate that slice of the American economy from the rest of the world. The latest some new powers given to the Secretary of Commerce to block purchases is of foreign information technology or communications technology deemed. Threatening to the United States marketplace's Scott Song reports. The new powers are meant to counter. What the trump administration calls the unusual and extraordinary threat at foreign may technology can pose for instance a cyber attack three years ago used web connected digital cameras risen? DVR machines made in China to take down much of the American Internet. Elsa Khania is with the Center for new American security devices that are connected to the internet which often often poorly secured have proven very destructive. We're already seeing the weaponization these devices occurring the new rules which which are not final yet. We'll let the secretary of commerce scuttle business deals that pose undue risks this covers a huge range of sectors smartphones computers. TV's is cloud storage. Internet service says attorney. Claire read at Arnold and Porter and threatens all kinds of everyday business buying importing gene something transferring it dealing in it or using it from a business perspective. It's terrifying. The commerce secretary will decide whether to target Tech Deals Cliff Cup Chin Chairman of the Eurasia group consultancy says that discretion makes things unpredictable to silicon can valley and vulnerable to the politics of the moment if we get to very protectionist candidates luck Warren or sanders and trump this issue how hard to crack down on imports of Chinese technology. It's ripe for the picking in the campaign and to him ripe right before. The unwinding of a global innovative high-tech supply chain in Washington. I'm Scott Tong for marketplace. It was a full session on Wall Street Day tomorrow. Zero is off obviously than a short day Friday so traders were in a buying mood record highs when we do the numbers.

Sarah Watt House Justin Ho US Los Angeles New York Manulife Investment Management John Deere Wells Fargo Securities Scott Tong Elsa Khania Eurasia group White House
GDP data; business investment stabilizing

Marketplace with Kai Ryssdal

01:56 min | 8 months ago

GDP data; business investment stabilizing

"So we are going to spend a couple of minutes at the top half of the program on a slice of that. GDP data something called business investment a key although lacking of late part of what makes this economy go. Marketplace Justin Ho starts US off business investment has been shrinking for the last two quarters but last quarter decline wasn't a steep is expected. Sarah Watt House is an economist at Wells Fargo Securities. We're not seeing it fall off a cliff. Fanny means companies are still spending. But they've certainly illustrated some hesitancy in recent months. Hell says the trade war is making companies less willing to spend on expensive new factories which take years to complete today. John Deere reported at the trade wars made farmers cautious about making major investments in new equipment. Instead how says businesses are spending more on intangible items which aren't as vulnerable bolt economic cycles. So things like software research and development to help companies come up with that next big product or or idea so that's accounting for increasing share of business investment companies did spend more uncertain tangible items overall spending on equipment fell but within that spending on industrial equipment went up so depending on the buildings that House that equipment George Perks Global Macro Strategist for spoke investment group both much firmer than you expect back. Based on manufacturing industry survey that's relatively hopeful fine still businesses spent less on new commercial buildings less on transportation equipment less on new hospitals. It's a trend that reflects a broader shift in the US economy says Alex Casino at Manulife Investment Management Manufacturing has become increasingly less important as a percentage of GDP DP. I'm the services sector which is supported by software house become increasingly important while today's GDP data found that business investment is shrinking. The same report said spending ending on services is growing in New York. I'm Justin how for marketplace.

Sarah Watt House Justin Ho Manulife Investment Management Wells Fargo Securities New York John Deere Global Macro Strategist United States Alex Casino George Two Quarters
"george perks" Discussed on KQED Radio

KQED Radio

02:08 min | 8 months ago

"george perks" Discussed on KQED Radio

"Today the twenty seventh of November good as always to have you along everybody that day before a federal holiday it may be but the gears of the economic data system never do rest we've got a raft of reports to tell you about the came out this morning most of which were all things considered public radio inside joke intended by the way pretty good orders for durable goods big heavy stuff that's supposed to last more than three years they were up at the client had been expected first time claims for unemployment benefits were down that's a good thing and an early look at third quarter gross domestic product was revised up to two point one percent not the three percent the trump administration has been promising but good so we are going to spend a couple minutes at the top of the program on a slice of that GDP data something called business investment a key although lacking of late part of what makes this economy go marketplace Justin host or to solve business investment has been shrinking for the last two quarters the last quarter the decline wasn't as steep as expected Sir what houses an economist at Wells Fargo securities were not seen a fall off a cliff by any means companies are still spending but they've certainly illustrated some hesitancy in recent months houses the trade war is making companies less willing to spend on the expensive new factories which take years to complete today John Deere reported that the trade wars made farmers cautious about making major investments in new equipment instead how says businesses are spending more on intangible items which aren't as vulnerable to economic cycles so things like software research and development to help companies come up with that next big product or or a D. S. so that's an accounting for increasing share of business investment companies did spend more on certain tangible items overall spending on equipment fell but within that spending on industrial equipment when up so to spending on the buildings that house that equipment George perks as global macro strategies for bespoke investment group they're both much firmer than you expect a manufacturing industry surveys that the relatively.

John Deere George Wells Fargo three percent two quarters one percent three years
"george perks" Discussed on KCRW

KCRW

02:26 min | 8 months ago

"george perks" Discussed on KCRW

"In Los Angeles on car result is Wednesday today the twenty seventh of November good as always to have you along everybody the day before a federal holiday it may be but the gears of the economic data system never do rest we've got a raft of reports to tell you about the came out this morning most of which were all things considered public radio inside joke intended by the way pretty good orders for durable goods big heavy stuff that's supposed to last more than three years they were up a decline had been expected first time claims for unemployment benefits were down that's a good thing and an early look at third quarter gross domestic product was revised up to two point one percent not the three percent the trump administration has been promising but good so we are going to spend a couple minutes at the top of the program on a slice of that GDP data something called business investment a key although lacking of late part of what makes this economy go marketplace Justin host or to solve business investment has been shrinking for the last two quarters the last quarter the decline wasn't as steep as expected Sir what houses an economist at Wells Fargo securities were not seen a fall off a cliff by any means companies are still spending but they've certainly illustrated some hesitancy in recent months houses the trade wars making companies less willing to spend on the expensive new factories which take years to complete today at John Deere reported that the trade wars made farmers cautious about making major investments in new equipment instead how says businesses are spending more on intangible items which aren't as vulnerable to economic cycles so things like software research and development to help companies come up with that next big product or or idea so that's an accounting for increasing share of business investment companies did spend more on certain tangible items overall spending on equipment fell but within that spending on industrial equipment when up so the spending on the buildings that house that equipment George perks as global macro strategies for bespoke investment group they're both much firmer than you expect a manufacturing industry surveys that's a relatively hopeful fine still businesses spent less on new commercial buildings less on transportation equipment less on new hospitals it's a trend that reflects a broader shift in the US economy says Alex casino at Manulife investment management manufacturing has become increasingly less important as a.

Los Angeles John Deere George Wells Fargo US three percent two quarters one percent three years
"george perks" Discussed on Animal Spirits Podcast

Animal Spirits Podcast

03:36 min | 1 year ago

"george perks" Discussed on Animal Spirits Podcast

"Management maintain positions insecurities discussed in this podcast welcomed the Animal Spirits Michael Van Tragic News this week the world lost a real one non-related sense passed away either know him never met him personally but he was definitely one of the key figures figures in by stream for as long as I remember yeah he was a number of finance twitter and I think he was around our age actually and it's kind of weird because it it makes you realize like this. It's easy to complain about stuff on social media but then you realize that there's people that you interact with almost on a daily basis if you really on stuff like we are <hes> and you feel like he can you kind of get to know these people. It's kind of a bizarre world and like there's a a really good aspect of two or you can kind of feel like you get to know people people through their postings in in a good way sometimes yes so with him. There are certainly a good and bad like everybody else. There were many many times where he would favorite my tweet and now it's sort of just shudder like waiting to be knocked over the head Ed and I will give him a ton of credit because he was as as hard as anybody on various ideas he just seemed to think he seemed to find a lot of problems with a lot of different views but to his credit. It's very easy to be anonymous at the just throw shade eight and throw Molotov cocktails with him though it never felt like it was personal like an I saw him go back and forth a lot of people and you and I have shared his tweets privately for for years now but he never ever like called anybody you name. It was always about the idea right in data yeah. That's actually one of the best parts about finance twitter realm. I think is there. There are certain things that are problems with it but there are there's a lot of good there too and a lot of good back and forth I think so he poked he poked a lot of holes and just absolutely tragic feel friends and family and the world is definitely a a worse place without him so his dear friends George Perks and Scotty trader have set a Gofundme page where you can donate to a local charity related. It's covering the cost of kids sports in his memory willing to that in the show notes non-related sense. You will definitely definitely be missed all right. Don't know how the transition away from that but just going to get into the next topic so Ben. You and I have spoken a lot about these scooters and somebody sent us something this week thank you to ever did about bird which I think is was the first quarter company. If I'm not mistaken so in the first quarter they lost one hundred million dollars while revenues shrank to about fifteen million alien and they raised seven hundred million dollars over the last year and a half and they are down to their last hundred million dollars which is hilarious Bachelors Hudgens but when you're earning cash like that whether this is an ongoing concern is legitimate question so berry the on his masters in business last week had Scott Cooper on from Anderson Hordes and I guess he was like employee number one besides Mark Andrews and Ben Horowitz and it Kinda give me a sense of the sheer size of venture these days like we've all we've talked about the Vision Fund quite a bit here that the hundred hundred billion dollar one or whatever but even interest in Horowitz he was saying there were started in two thousand nine. They said well. We're seven bit Barry said well. You're a seven billion dollar fund and he's like well. Actually we've got update that because we just raised a three a billion dollar funds and our more like ten billion so there there's just so much money sloshing around in these that a lot of these companies can probably make it a lot further than they would have in the past because like isn't there a lot of good money going after bad and a lot of these cases. Do you think like to give them more of a runway. Yeah I mean maybe yes..

Ed Barry twitter Van Tragic News Ben Horowitz Mark Andrews Molotov Bachelors Hudgens Vision Fund Scott Cooper George Perks Scotty trader Anderson hundred hundred billion dollar seven hundred million dollars one hundred million dollars hundred million dollars seven billion dollar billion dollar
"george perks" Discussed on 90.3 KAZU

90.3 KAZU

04:38 min | 1 year ago

"george perks" Discussed on 90.3 KAZU

"There is no shortage of coverage of economic data here because you got to know what's going on. Right. But what to do when as of late the data does not tell a consistent story. For instance, jobless claims hit new lows this week. That's great, but there were downbeat retail spending numbers as well. Not so great. And then just this morning, consumer sentiment hit its highest level in fifteen years, so yeah, but what gives we asked marketplace adjusted ho to explain the contradictions, you're not crazy. If trying to make sense of this stuff makes your head hurt into general thing that humans do to get their hands around. Big complex sets of information. We put a story to it. George perks spoke investment group says a lot of times, the story doesn't make any sense. You're not always going to see exactly the same read on a given month from two different data sources for one month to month data. Just isn't that reliable? Political headlines can shifts there can be whether problems, but Mark at Janney Montgomery. Scott says don't forget, these reports are often revised the next month when the new report comes out, perhaps the number and the new report not only looks better, but there was a revision upward to the previous numbers. That's why most columnists say they prefer looking at long term trends rather than monthly figures. You know what I used to work? On Wall Street, we would always joke that, wouldn't it be great, if they just cover to the monthly data only put out that on a quarterly basis? That's drew Mattis at MetLife. He says, there's another problem that data we collect is a little old fashioned thing about it industrial production, numbers, durable goods, orders inventories. Most of our data collections geared towards manufacturing and we've turned into a service sector Connie Menez. The labor market is a much better measure of how the economy's doing in lately. The labor market's been pretty strong. A factor that's propped up consumer sentiment another one even though we always say the stock market isn't the economy. George perks at bespoke investment group says. As it has been a pretty positive influence on the stock market's performing well as it has, you know, Q one, and most of q two this year, then consumers are generally gonna feel pretty positive about things perk, says, as long as markets don't take or something, big, shocks, the entire economy, retail spending should pick up again soon. I'm Justin hope for marketplace. Today's corporate news comes to us from the don't feel like lead in the office or getting up off the couch economy. Amazon has bought a chunk of a company called the liberal, that's when a Europe's big food, delivery companies, the bring me my food segments of this economy is booming grub post mates. Uber eats as well handling the order and delivery restaurant, meals to people at home or at work. Even a park, if that happens to be your thing market place's, Eric barris reports that, while that does bring new business for restaurants. It makes extra work for him to and sometimes changes their business models at Biard, GR, or burger restaurants, in Pittsburgh manager, Cassandra Scrivner says that the livery services that bring wings. And fried pickles to customers are super great for the business. It brings in a lot of revenue or why people who possibly would not want to be going out, essentially, the livery through those apps represents a third of the business at the restaurant, six locations, but those orders requires some planning Christopher Muller is a hospitality professor at Boston University. The highest quality is in that Eden moment when it comes out of the oven or out of the out of the kitchen right to the table, VR GR burgers are undercooked. So they arrive at the right temperature. Soggy, salad, not so much. When all the dressing comes on the side Muller says preparing packaging meals differently can be a burden frustrations. Have to sometimes add extra staff and the payoff, not really there to play on the business third party delivery companies take anywhere from twenty to thirty percent of the revenue. Still, this is a growing industry says, Hannah Spencer food service analyst, with mental most orders through apps like door dash and grub hub or made by urban millennials. And they are ordering very frequently. So they, they are very valuable customers. So some restaurants have says Ignatz pickup windows for those delivery apps, supposedly, even has a dedicated food prep line for delivery orders larger businesses can afford to do that, or workout exclusive deals with a third party operator. Like the one McDonald's has with Uber. Eat says Alex Suskind with cornell's institute for food and beverage management's not so easy for smaller restaurants, who he says are operating at a loss to say, oh, well, you know, I'll make it up in volume zero zero zero. You're not you're not going to make up a loss in volume, but he says, as competition among the apps heats up cost will go down and.

George perks Christopher Muller Mattis cornell Janney Montgomery MetLife Pittsburgh VR GR Connie Menez Ignatz Eric barris Scott Europe McDonald Mark Cassandra Scrivner
"george perks" Discussed on KQED Radio

KQED Radio

02:30 min | 1 year ago

"george perks" Discussed on KQED Radio

"Is no shortage of coverage of economic data here because you got to know what's going on. Right. But what to do when as of late the data does not tell a consistent story. For instance, jobless claims hit new lows this week. That's great, but there were downbeat retail spending numbers as well. Not so great. And then just this morning, consumer sentiment hit its highest level in fifteen years. So. Yeah. But what gives we asked? Marketplace's Justin home to explain the contradictions you're not crazy. If trying to make sense of this stuff makes your head hurt into general thing that humans do to get their hands around. Big complex sets of information. We put a story to it. George perks. Epa spoke investment group says a lot of times the story doesn't make any sense. You're not always going to see exactly the same read on a given month from two different data sources for one month to month data. Just isn't that reliable political headlines can shift there can be weather problems? But Mark at Janney, Montgomery Scott says don't forget, these reports are often revised the next month when the new report comes out, perhaps the number in the new report not only looks better, but there was a revision upward to the previous numbers. That's why most economists say they prefer looking at long term trends rather than monthly figures. You know, when I used to work on Wall Street, we would always joke that, you know, wouldn't it be great if they just got rid of the monthly data and only put out that on a quarterly basis? That's true. Madison metlife. He says, there's another problem. The data we collect is a little old fashioned think about it industrial production numbers. Durable goods orders inventories. Most of our data collections geared towards manufacturing and we've turned into a service sector, economy, Mana says the labor market is a much better measure of how the economy's doing in lately. The labor market's been pretty strong. A factor that's propped up consumer sentiment another one even though we always say the stock market isn't the economy. George perks bespoke investment group says it has been a pretty positive influence on the stock market's performing well as it has, you know, she one in most of this year, then consumers are generally gonna feel pretty positive about things perk, says, as long as markets don't take or something, big, shocks, the entire economy, retail spending should pick up again soon. I'm Justin hope for marketplace. What follows will warn you is not for the technologically faint of heart,.

George perks Montgomery Scott Mana Justin Madison metlife Epa Mark Janney fifteen years one month
"george perks" Discussed on WNYC 93.9 FM

WNYC 93.9 FM

02:40 min | 1 year ago

"george perks" Discussed on WNYC 93.9 FM

"It's are all the money in half the time fundraiser, we're going to wrap things up and just a couple of hours. Please be part of this effort. Please don't take us for granted. Eight eight eight three seven six nine six nine two. Much as there is no shortage of economic data out there. So there is no shortage of coverage of economic data here because you got to know what's going on. Right. But what to do when as of late the data does not tell consistent story for instance jobless claims hit new lows this week. That's great, but there were downbeat retail spending numbers as well. Not so great. And then just this morning, consumer sentiment hit its highest level in fifteen years. So, yeah. But what gives we asked marketplace adjusted to explain the contradictions, you're not crazy? If trying to make sense of this stuff makes your head hurt into general thing that humans do to get their hands around. Big complex sets of information. We put a story to it. George perks. Epa spoke investment groups has a lot of times the story doesn't make any sense. You're not always going to see exactly the same read on a given month from two different data sources for one month to month data. Just isn't that reliable political headlines can shift there can be weather problems? But Mark Luchina at Janney Montgomery. Scott says don't forget, these reports are often revised the next month when the new report comes out, perhaps the number in the new report looks better. But there was a revision upward to the previous numbers. That's why most economists say they prefer looking at long term trends rather than monthly figures. You know, when I used to work on Wall Street, we would always joke that wouldn't it be great, if they just covered to the monthly data only put out that on a quarterly basis, that's? Drew Mattis, MetLife, he says, there's another problem. The data we collect is a little old fashioned thing about industrial production numbers. Durable goods orders inventories. Most of our data collections geared towards manufacturing and we've turned into a service, sector Manta says the labor market is a much better measure of how the economy's doing in lately. The labor market's been pretty strong. A factor that's propped up consumer sentiment another one even though we always say the stock market isn't the economy. George perks at bespoke investment group says it has been a pretty positive influence when the stock market's performing well as it has, you know, she wanted most of this year, then consumers are generally gonna feel pretty positive about things perk, says, as long as markets don't tank or something, big, shocks, the entire economy, retail spending should pick up again soon. I'm Justin ho from our place. What follows will warn you is not for the technologically faint of.

George perks Drew Mattis Mark Luchina Janney Montgomery Justin ho MetLife Epa sector Manta Scott fifteen years one month
"george perks" Discussed on KCRW

KCRW

03:53 min | 1 year ago

"george perks" Discussed on KCRW

"There is no shortage of coverage of economic data here because you got to know what's going on. Right. But what to do when as of late the data does not tell consistent story for instance jobless claims hit new lows this week. That's great, but there were downbeat retail spending numbers as well. Not so great. And then just this morning, consumer sentiment hit its highest level in fifteen years. So yeah, but what gives we have marketplace adjusted to explain the contradictions, you're not crazy, if trying to make sense of this stuff makes your head hurt into general thing that humans do get their hands around big complex sets of information. We put a story to it. George perks spoken vestment groups has a lot of times the story doesn't make any sense. You're not always gonna see exactly the same read on a given month from two different data sources for one month to month data. Just isn't that reliable? Political headlines can shift there can be weather problems? But Mark chigney Janney Montgomery. Scott says don't forget, these reports are often revised the next month when the new report comes out, perhaps the number in the new report not only looks better, but there was a revision upward to the previous numbers. That's why most economists say they prefer looking at long term trends rather than monthly figures. You know, when I used to work on Wall Street, we would always joke that, you know, wouldn't it be great if they just got rid of the monthly data and only put out that on a quarterly basis? That's drew Mattis at MetLife. He says, there's another problem that data we collect is a little fashioned think about it industrial production numbers. Durable goods orders inventories. Most of our data collections geared towards manufacturing and we've turned into a service sector, Connie menace, says the labor market is a much better measure of how the economy's doing in lately. The labor market's been pretty strong. A factor that's propped up consumer sentiment another one even though we always say the stock market isn't the economy. George perks at bespoke investment group. As it has been a pretty positive influence when the stock market's performing well as it has, you know, Q one and most of this year, then consumers are generally gonna feel pretty positive about things perk, says, as long as markets don't tank or something, big, shocks, the entire economy, retail spending should pick up again soon. I'm just in ho for marketplace. Today's corporate news comes to us from the feel like lead in the office or getting off the couch economy. Amazon has bought a chunk of a company called delivery. That's when a Europe's big food delivery, companies. The bring me my food segments of this economy is booming grub post mates. Uber eats as well handling the order and delivery restaurant, meals to people at home, or work, even park if that happens to be your thing marketplace, Eric barris reports that while that does bring new business for restaurants. It makes extra work for him to and sometimes changes their business models at Biard, GR, or burger restaurants, in Pittsburgh manager, Cassandra Scrivner says that the livery services that bring wings. And fried pickles to customers are super great for the business. It brings a lot of revenue people who possibly would not want to be going out, essentially, the livery through those apps represents a third of the business at the restaurant, six locations, but those orders requires some planning Christopher Muller is a hospitality professor at Boston University. The highest quality in that eating moment when it comes out of the oven or out of out of the kitchen right to the table. So at PR GR burgers are undercooked, so they arrive at the right temperature. Soggy, salad, not so much. When all the dressing comes on the side Muller says preparing and packaging meals differently can be a burden restaurants. Have to sometimes add extra staff and the payoff, not really there to play gum business, third party delivery companies take anywhere from twenty to thirty percent of the revenue. Still, this is a growing industry says, Hannah Spencer food service analyst, with mental most orders through apps like door dash and grub hub or made by.

George Christopher Muller Mattis PR GR MetLife Europe Pittsburgh Hannah Spencer Eric barris Scott Connie menace Mark chigney Cassandra Scrivner Amazon Janney Montgomery analyst
"george perks" Discussed on Marketplace All-in-One

Marketplace All-in-One

01:33 min | 2 years ago

"george perks" Discussed on Marketplace All-in-One

"Only sort of get so far so fast and ultimately that's been a healthy thing as we've seen repeatedly these short sharp reminders habit led to a larger more painful crisis as they might have in a different era where risk wasn't so carefully managed by wall street and by regulators as well george perks macro strategist at bespoke investment group thank you thank you david 10year bonds are down with that treasuries yield up a two point seven eight percent lorde the private sector can launch an extraordinarily powerful rocket into space send bring it back at least some pieces of its safely for reuse entrepreneur ilan musk had the success he was looking for yesterday when his spacex company launched the most powerful rocket since the apollo program as you probably hertson's part of this involves perhaps the most effective product placement strategy of all time the payload was one of musk's tesla sports cars with a mannequin in the front seat now on a trajectory deepened the solar system watching the business of space shift before our eyes is jonathan amos science correspondent for the bbc hi gentlemen good morning to you david so except for one of three falcon booster sections crashing out to sea away from the video feed this giant rocket worked spectacularly worked it was amazing i said because he law musk before the launch had tried to play down expectations he said if it just could add the patent didn't blow up he'd be happy with that he'd see it as a success but in the nba it it.

ilan musk bbc nba david 10year spacex hertson jonathan amos seven eight percent 10year
"george perks" Discussed on Marketplace All-in-One

Marketplace All-in-One

01:34 min | 2 years ago

"george perks" Discussed on Marketplace All-in-One

"This marketplace podcast is brought to you by visor ready to start in your taxes let the tax advisers adviser dot com optimize your tax return for a flat fee including year round advice keeping you ahead of the tax changes say fifty dollars when you file by getting started adviser dot com slash marketplace this marketplace podcast is brought to you by dell smallbusiness never slows down so dell's dedicated us based advisers are ready to help with tech solutions tailored to your business like finding the right dell pcs with intel core processors call 877buydell and connect with the dell advisor today there is of market indicator odd volatility in the news in recent turbulent days that's a bit like a chain saw a useful tool or in the wrong hands it instrument of mayhem i'm david brancaccio new york before we get to some people who really got clobbered by the sudden swings on financial markets in the last week note that markets are relatively calm this morning after the dow closed up two point three percent yesterday twenty two minutes into the trading dates mixed the dow up 75 points threetenths percent the sp 500 up to slightly appoint the nasdaq composite down twotenths of a percent now to who's to blame when the financial com turned is storm there is an important index of volatility calculated in chicago called the vicks and summer breathing fire on the vix people at what used to be called the chicago board options exchange a cboe official told the financial times today they're not the problem here let's understand this further by turning to george perks macro strategist at bespoke investment group.

advisor new york chicago official dell intel david brancaccio george twenty two minutes fifty dollars three percent
"george perks" Discussed on KQED Radio

KQED Radio

02:14 min | 2 years ago

"george perks" Discussed on KQED Radio

"Calmest that i had talked to have said yes we've gotten bit lulled into a sense of complacency but i would put this in a bigger context over the past 30 years volatility in the markets has actually been falling it has a george perks is a macro strategist for bespoke investment group he made this point me he said markets have become much more efficient much more cheaper to buy and sell into an automated as you mentioned and so in general in general this has smoothed markets out over the long term so what you've seen back on i five years a period of prolonged com and then buddy very sharp very short by higher in volatility so overall authority is well by when baulto desmond fuck it feel much more drastic because we go through the prolonged periods where not much happening in stock sort of just gently take up every day so that's why the past few days have been so jarring because we got used to basically nothing happening okay so give me the y uh what's up with a high relatively right now well there's more to be volatile about two right now that's how carl woodley explained it to me he senior editor kipling her dot com over the past year it's been very trawler la everything is fine he's got a prolonged period of just a goldilocks economic situation the economy still doing good during that time on employment has continued to be low during that time and so there was you know there wasn't any volatility because there's no reason for it now however we actually have things to think about maybe to worry about inflation may be higher interest rates than previously thought probably more government debt definitely so as the macro economy becomes more unpredictable in not bad per se just more unpredictable more things happening so too are the markets that are built on that foundation okay you got fifteen seconds is more volatility a bad thing no not necessarily you know you make money when you buying a cell uh here's some advice from t rowe price as head of equity trading got him clive williams whose super kondracke spicer who nothing would change i am changing passionately because we've seen some more volatility demarcus so if you have a forum k longterm investment stick with the don't forget don't freak out good lessens their sabrina sure.

george carl woodley senior editor clive williams spicer fifteen seconds five years 30 years
"george perks" Discussed on WNYC 93.9 FM

WNYC 93.9 FM

02:10 min | 2 years ago

"george perks" Discussed on WNYC 93.9 FM

"That i have talked to have said yes we've gotten limit lulled into a sense of complacency but i would put this in a bigger contacts over the past 30 years volatility in the markets has actually been falling it has a george perks is a macro strategist for bespoke investment group he made this point me he said markets have become much more efficient much more cheaper to buy and sell into an automated as you mentioned and so in general in general this has smoothed markets out over the longterm so what you're seeing an five year period to prolong com and then buddy very sharp very short by higher in volatility so overall auto idiot waller by when ball told desmond pop it he'll much more gracic because we go here any prolonged periods where not much happen talk sort of just can't wait pick up every day so that's why the past few days i have been so jarring because we got used to basically nothing happening okay so give me the why what's up with a high relatively right now well there's more to be volatile about two right now that's how kyle woodley explained it to me he senior editor kipling r dot com over the past year it's been very trawler la everything is fine you've got a prolonged period of just a goldilocks economic situation the economy still being good during that time unemployment has continued to be low during that time and so there was there wasn't any volatility because there's no reason for it now however we actually have things to think about maybe to worry about inflation may be higher interest rates and previously thought probably more government debt definitely so as the macro economy becomes more unpredictable in not bad per se just more unpredictable more things happening so too are the markets that are built on that foundation okay you got fifteen seconds is more volatility a bad thing now not necessarily nope you make money when you buying a cell uh the here's some advice from t rowe price as head of equity trading got imply williams whose was super kondracke sweat everything the nothing i would change or i am changing passionately because would have awful attila demarcus of young forum k longterm investment stick with a don't forget don't freak out good lessens their revenge sure.

george waller ball desmond williams attila demarcus kyle woodley senior editor fifteen seconds five year 30 years
"george perks" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:39 min | 3 years ago

"george perks" Discussed on Bloomberg Radio New York

"Every day by noon eastern on the believe that terminal bloombergcom i teens some cloudy and what have you pathetic used to browse your favorite podcasts influential conversations from bloomberg television here's joe weisenthal president trump firing of fbi director james tommy adds to the political uncertainty in washington but there is little evidence that the market is concerned with any of that i wanna bring in george perks macro strategist at misspoke investment why doesn't the market care about any of this i think the best answer to that question is to ask him response why should the market care about it markets like stability markets like strong institutions but those sorts of things that you could frame the coming firing through tend to matter in the long run as opposed to the short run the markets have any doubt that us institutions from and strong that we have a credible democratic system all that stuff i don't think that's under any material doubt it maybe one day but were just nowhere near to the point where something like the call me firing would become relevant matt sat still mortgage in syria discount future policy changes our future economic changes and it doesn't even seem that any developments on that front seem to matter it's still is it feels a bit escorted so if you say what happened in november december and january was an effort to price in a big tax cut huge infrastructure package then yet might not make much sense but he said well actually it was oil bottoming it was the fact that some things are now going double digits you over here and things are looking okay then maybe the explanation that there's a bunch of policy rosenow is being ignored doesn't make much sense here more interviews like this one on bloomberg television streaming live on bloombergcom.

director james tommy washington matt bloomberg joe weisenthal president fbi us syria one day