35 Burst results for "Gina Raimondo"
Bloomberg Radio New York - Recording Feed
Monitor Show 13:00 08-29-2023 13:00
"Turns are being judged on their performance and their ability to think outside the box, because these these positions are so sought after. But mind you, the likes of Metta, others doing similar hiring $120 an hour to translate into that salary. Well, Jessamyn and Simone Foxman here, filling in for Matt Miller and Paul Sweeney. I hear we will be back tomorrow. It'll be lots of fun. But we'll have more coming up. Sound on with Joe Matthews starts right now. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. Now from our nation's capital, this is Bloomberg Sound On. President's approval ratings are very low. The majority of Americans think he shouldn't run at all. The four years Donald Trump was in the White House were totally different from the four years that Biden has been there. People are going to say I was doing better then than I am now. Bloomberg Sound On. Politics, policy and perspective from D .C.'s top names. You got to work to get people back to work, but not only that, but to higher paying jobs. The Russian threat is being degraded and unfortunately it's being degraded at the cost of Ukrainian lives, blood, treasure. Bloomberg Sound On with Joe Matthew on Bloomberg Radio. Businesses tell the White House China is becoming uninvestable. Welcome to the fastest show in politics as Commerce Secretary Gina Raimondo tells reporters in China that Beijing is driving away American companies because it's an increasingly risky investment. We'll get the latest on the trip this week from Bloomberg National Security reporter Nick Wadhams with insights from Max Baucus, the former senator, former U .S. ambassador to China will be with us in a moment. Later on this hour, one of the Tennessee Three is silenced again and the fight over music on the campaign trail is already on. We'll cover it all with our six -minute show.
Bloomberg Radio New York - Recording Feed
Monitor Show 05:00 08-29-2023 05:00
"Investment Advisors switch to interactive brokers for lowest cost global trading and turnkey custody solutions. No ticket charges and no conflicts of your interests at ibkr .com slash ria. Bloomberg Surveillance, Bloomberg Daybreak, Sound On, Bloomberg Business Week and more are also available as podcasts. Listen today on Apple, Spotify, the Bloomberg Business App and anywhere else you get your podcasts. We take you to Beijing where Commerce Secretary Gina Raimondo continues her visit to China. Drug chains have a new plan to help you skip that doctor's visit. And Citadel comes through nearly 70 ,000 intern applications to find the next math genius. The NYPD says a family of four was found dead in a Manhattan apartment. Plus the federal judge in the Trump January 6th case has set a trial date. I'm Michael Barr. More ahead. I'm John Stashow on sports. The Yankees won in Detroit. The Mets lost to Texas. Coco Gauff and Novak Djokovic opening night winners at the U .S. Open. That's all straight ahead on Bloomberg Daybreak. On Bloomberg 1130 New York, Bloomberg 99 .1 Washington, D .C. Bloomberg 106 .1 Boston, Bloomberg 960 San Francisco, Sirius XM 119 and around the world on BloombergRadio .com and via the Bloomberg Business App. Good morning. I'm Nathan Hager. And I'm Karen Moscow with U .S. Dunk Index Futures. Our little change this morning. S &P Futures.
Bloomberg Radio New York
"gina raimondo" Discussed on Bloomberg Radio New York
".40. Seoul In the KOSPI is up about two -tenths of 1 % and in Sydney the ASX 200 is ahead by four -tenths of Stateside 1%. we've got some very important eco data later in the week. It'll begin on Thursday with the PCE price indices and then at week's end it's the August employment report. Obviously these numbers will help guide the outlook for the Fed. The dollar right now showing a little bit of weakness not by much and of the offshore Chinese yuan steady at 729 .33 against the greenback. The PBOC will be setting the daily reference rate in about 13 minutes from now. Let's kick things with off a look at a few of the hour's top business stories and we have to begin in China where authorities have asked some of the country's mutual funds to avoid selling equities as a way of boosting the overall equity market. We have more breaks from to win one sources say stock exchanges issued the so -called to window guidance the several large mutual fund houses and these mutual fund houses were told to refrain for a day from selling more shares than they purchased. This comes just a day after financial regulators announced a slew of measures to invigorate capital markets but China's CSI 300 index has shown a lack of conviction even as authorities boosted efforts to woo back investors. In Hong Kong, I'm Joanne Wong, Bloomberg, Debra Geisha. In the meantime China's economic outlook is showing signs of improvement. Well, no sign. Here we have Bloomberg's Rashad Salamat. The pessimism doesn't seem to be lifting with economists surveyed by Bloomberg now seeing GDP expanding 5 0 .1 % in 2023 from the prior year. Next year could see Chinese growth even slower with expected it to come in at 4 .5 %. All this as recent data showed the economic outlook worsening. Bank loans have plunged to a 14 -year low last month while deflation is setting in and exports are contracting. The weak economic figures have spurred some action by Chinese officials. This month the PBOC, the central slowed bank, the rate on its one -year loans by the steepest amount in three years. In Hong Kong, I'm Rashad Salamat. This is Bloomberg Daybreak Asia. US Commerce Secretary Gina Raimondo is in Beijing today. Yesterday she was talking about trade how and transparency can serve as kind of the foundation for better ties between the US and Raimondo China. speaking Here is in Raimondo Beijing. We agree to establish a new commercial issues working group, a formal working group, which will involve US and Chinese government officials, and very importantly, US and Chinese commercial representatives as we seek solutions on trade and investment issues and to advance US commercial interests in China. Commerce Secretary Gina Raimondo speaking in Beijing. She went on to tell her Chinese counterpart, Wang Wentao, that the US has no intention to hinder China's economic progress.
Bloomberg Radio New York - Recording Feed
Monitor Show 19:00 08-27-2023 19:00
"It's Michael McKee at the Jackson Hole Symposium in Wyoming at the end of last week. Rashad, thank you so much for spending the hour with us here as we get DBA underway for a Monday. We're about an hour away from trading in Tokyo, Sydney and Seoul. First trading day of the week in Asia and it's the first chance for markets to react to what we heard from the Fed Chairman himself. We'll give you the latest on the price action update markets as well. Hour 2, DBA. It starts right now. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. This is Bloomberg Daybreak Asia for this Monday, August 28th in Hong Kong, Sunday, August 27th in New York. Coming up today, markets brace for volatility after key central bankers signal interest rates will likely stay higher for longer. U .S. Commerce Secretary Gina Raimondo visits China to expand business ties. Beijing cuts its stock trade tax and pledges to slow the pace of IPOs to boost Chinese markets. Three Marines are killed in a plane crash in Australia. Florida is bracing for a hurricane. Russia confirms the death of Yevgeny Prigozhin. And in sports, Saudi Arabia will try to enter the Champions League. I'm Dan Schwartzman. I'll have news and sports coming up. That's all straight ahead on Bloomberg Daybreak Asia. On Bloomberg 1130 New York. Bloomberg 99 .1 Washington D .C. Bloomberg 106 .1 Boston. Bloomberg 960 San Francisco. Sirius XM 119. And around the world on BloombergRadio .com and via the Bloomberg Business Act. It's a little past 8 in the morning in Tokyo. Trading will get underway in less than an hour, not only in Japanese equities but in U .S. sovereign debt as well. If you're joining from Japan or anywhere in the U .S.
Bloomberg Radio New York - Recording Feed
Monitor Show 18:00 08-27-2023 18:00
"At 6 a .m. in Hong Kong, 6 p .m. on Wall Street. Nathan. All right, thanks Doug. And that does it for this edition of Bloomberg Daybreak Weekend. Join us again Monday morning at 5 a .m. Wall Street time for the latest on markets overseas and all the news you need to start your day. I'm Nathan Hager. Stay with us now. Top stories and global business headlines are coming up right now. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. This is Bloomberg Daybreak Asia for this Monday, August 28th in Hong Kong, Sunday, August 27th in New York. Coming up today, markets brace for volatility after key central bankers signal interest rates will likely stay higher for longer. U .S. Commerce Secretary Gina Raimondo visits China to expand business ties. Beijing cuts its stock trade tax and pledges to slow the pace of IPOs to boost Chinese markets. Three Marines are killed in a plane crash in Australia. Florida is bracing for a hurricane. Russia confirms the death of Yevgeny Prigozhin. And in sports, Saudi Arabia will try to enter the Champions League. I'm Dan Schwartzman. I'll have news and sports coming up. That's all straight ahead on Bloomberg Daybreak Asia. On Bloomberg 1130 New York, Bloomberg 99 .1 Washington, D .C., Bloomberg 106 .1 Boston, Bloomberg 960 San Francisco, Sirius XM119, and around the world on BloombergRadio .com and via the Bloomberg Business Act. It's a little past six in the evening on Wall Street from Bloomberg World Headquarters. I'm Doug Krisner. This is Bloomberg Daybreak Asia, the Monday edition. I'm joining...
Bloomberg Radio New York
"gina raimondo" Discussed on Bloomberg Radio New York
"Ranging conversations with fortune 500 ceo investors and business leaders around the world. A special interview with Elon Musk. The secretary of commerce Gina Raimondo. Bloomberg talks. Subscribe today on Apple Spotify and anywhere you get your podcast. No one knows where this market will go. Right now, it feels like a wild ride. One thing's for certain, there's a way through it. And the experience and guidance of a Merrill advisor can help you get there. Because where there's a bull, there's a way find an advisor at ml .com slash bullish. Merrill, a Bank of America company. What would you like the power to do? Investing involves risk. Merrill Lynch, Pierce, Fenner & Smith Incorporated, registered broker dealer, registered investment advisor, member SIPC, a wholly owned subsidiary of Bank of America Corp. Hey guys, it's Isabella me Gomez filling in for Smokey Bear because he's got more to say than just only you can prevent fires. Like if you're outside enjoying a barbecue, don't let a hamburger distract you from fire safety. Make sure you aren't dumping your hot coals or ashes onto the ground because that could start a wildfire. So take wildfire prevention seriously and let's the save world one day at a time. Go to SmokeyBear .com to learn more about wildfire prevention. Brought to you by the U .S. Forest Service, your state forester and the Ad Council. The Bloomberg Business Sports of Podcast. Where the money is flowing inside sports around the globe. To drop some knowledge on the sports agency business. The latest on the PJ Live golf tour. Who's the next U .S. emerging rugby star? Michael Barr, Scarlett Fu and Damien Sessauer take you inside the decisions that power this multi -billion dollar industry. Balance
Bloomberg Radio New York
"gina raimondo" Discussed on Bloomberg Radio New York
"Think he understands the facts, but you're talking now about people going from colonel and captain to one star or one star to two star, and they're going into command various billets. The Marine Corps, for example, the commanding general of a Marine division is a two star. You don't have acting people in these billets, and some of these people are losing pay and benefits. separated They've been from their families. They won't get their payback dated once they're confirmed, so it's harming that. It's important for your listeners to understand that one of the most sacrosanct aspects of military service is that the election and promotion process is basically totally done on merit, and it's totally done based on those that are best qualified. It's protected by laws and regulations. Hear the full conversation on the edition latest of the Bloomberg Sound On podcast. Subscribe on Apple, Spotify, and anywhere else you get your podcasts. Plus, listen anytime on the Bloomberg Business App and Bloomberg .com. The Bloomberg Talks podcast. Today's top interviews from Bloomberg around News. Joining us now, Uber's CEO, Dara Khosrowshahi. We're joined by the J .P. Morgan, CEO, Jamie Dimon, wide ranging conversations with Fortune 500 CEO, big name investors and business leaders around the world. A special interview with Elon Musk. The Secretary of Commerce, Gina Raimondo. Bloomberg talks. Subscribe today on Apple, Spotify and anywhere you get your Nth anniversary of Fane
Bloomberg Radio New York
"gina raimondo" Discussed on Bloomberg Radio New York
"Edition today on Apple, Spotify, and everywhere you get your podcasts. When news breaks across the globe. Bloomberg Radio is there. From Asia, China's central bank ramping up monetary stimulus to Europe. Prime Minister Rishi Sunak will see closer economic ties with the US. And anywhere in the world news Let's go to Japan to join Annemarie Hoarder and with the US Treasury Secretary Janet Yellen. Thank you for joining us from Bangkok Bloomberg chief international correspondent Haslinda Aman. Let's go live to Istanbul Bloomberg anchor Yusuf Gaval Eldin. Bloomberg Radio on the ground everywhere. Today Nearly all businesses international business. The same goes for business disputes. That's why The International Center for Dispute Resolution provides a faster, more efficient approach to dispute resolution across borders backed by the American Arbitration Association. The ICDR is the leading world's provider of dispute resolution services. Find out why global expertise matters. Visit ICDR .org The Bloomberg Talks podcast Today's top interviews from around Bloomberg News. Joining us now We're joined by the J .P. Morgan Chairman and CEO Jamie Yost. Big name investors and business leaders around the world. A special interview with Elon Musk. The Secretary of Commerce Gina Raimondo. Bloomberg Talks. Subscribe today on Apple, your podcast. You're listening to Masters in Business with Barry Ritholtz on Bloomberg Radio. I'm Barry Ritholtz. You're listening to Masters in Business on Bloomberg Radio. My extra special guest this week is Gretchen Morgensen. She is a Pulitzer Prize winning investigative journalist currently working for NBC News. She has won the Pulitzer Prize for her work looking at some shadier on operations Wall Street. So when private equity really was ramping up in the 80s and 90s, it was essentially an institutional allocation. This mom and pop investment today that's changed. It's really attracting a lot of retail dollars. How is that working out? Well, you know, it's interesting for years, decades, As you as you say, this was a investing strategy that was limited to sophisticated said, investors, you know, high net worth individuals, people
Bloomberg Radio New York
"gina raimondo" Discussed on Bloomberg Radio New York
"Bank of America What would you like the power to do? Investing involves risk. Merrill Lynch, Pierce, Fenner & Smith Incorporated, registered broker dealer, registered investment advisor, member SIPC, a wholly owned subsidiary of Bank of America Corp. If I could be you and you could be me for just one hour. If you could find a way to get inside each other's mind, Walk a mile in my shoes. Walk a mile in my shoes. We've felt all left out. And for some, that feeling lasts more than a moment. We can change that. Learn how at belongingbeginswithus .org. Brought to you by the Ad Council. Walk a mile in my shoes. The Bloomberg Talks Podcast. Today's top interviews from around Bloomberg News. Joining us now, Uber CEO, Dara Khosrowshahi. We're the joined by J .P. Morgan, Chairman and CEO, Jamie Jones, big name investors and business leaders around the world. A special interview with Elon Musk, Secretary the of Commerce, Gina Raimondo. Bloomberg Talks. Subscribe today on Apple, Spotify Cass. It's hard to keep up with breaking global business news. a That mixed was day here in the States. Volatility is sky high. But at Bloomberg, our seasoned reporters and anchors make it look easy. European stocks hit a fresh record. Bearers have basically been rendered obsolete. The right height dance playing is out in the belly of the curve. Are you worried about a wage price spiral? A lot of Wall Street strategists getting more and more cautious here. Bloomberg Radio, the Bloomberg Business App and BloombergRadio .com. The world is listening. Access a vast selection of global fixed income securities Interactive at Brokers Bond Marketplace. Search their deep availability of over 1 million bonds globally. IBKR has no markups or built in spreads and low fully transparent commissions on bonds. IBKR displays the highest bids and lowest offers received from the electronic venues they access. In addition clients can interact each with other by placing bids and offers online to execute their trades. Bonds. Economics. Chairman Powell looks brilliant off of this. Finance. Some breaking news for you, share a sale. Investment. You're still seeing some momentum in tech. The Bloomberg Surveillance Podcast. Do you want some volatility Tom? Please. Do you want me to go then? Tom King. Jonathan Pero. Lisa Abramowitz. And the names that shape the world's markets. The Chief Executive Officer J .P. Morgan. James Diamond. Bloomberg Surveillance. We're seeing the sell -off continue to accelerate. Subscribe
Bloomberg Radio New York
"gina raimondo" Discussed on Bloomberg Radio New York
"Of Commerce Gina Raimondo Bloomberg talks subscribe today on Apple Spotify and anywhere you get your podcasts he might not have a badge but we have faith in his killer instinct celebrate 10th the anniversary of fame detective priest father Brown stream the new season now only on that sounds like a marvelous plan plus watch even more on official detectives in much love series including Agatha Christie's Marple murder in performance and more expect intriguing mystery expect the undetectives start streaming today at box com hi I'm Danica Patrick watching my nieces grow play and learn is amazing but not every child gets to be carefree one in six kids in the US are hungry this breaks my heart it's and something that feeding America is working to change each year the feeding America network of food banks skews billions of pounds of good food that would have gone to waste and gives it to families in need to help visit feedingamerica .org brought to you by feeding America and the Ad Council the best of Bloomberg Business Week every business day sales activities soaring the Bloomberg Business Week podcast with Carol Messer and Tim Stenebeck. What does an Apple developed car look like? Today's breaking global business finance and tech news along with smart analysis. This doc has been on a tear the Bloomberg Business Week podcast we just get like 20 seconds from you on Bitcoin subscribe today on Apple Spotify Bloomberg .com or wherever you get your podcasts. We'll be right markets headlines and breaking news 24 hours a day at Bloomberg com on Bloomberg television and the Bloomberg Business app this is a Bloomberg Business Flash it's 540 on Wall Street we do check markets all day long here at Bloomberg and up Friday for the Dow the S &P Nasdaq and the Nasdaq 100 index but a down Friday for the Russell 2000 that index lower by eight tenths of 1 % on the week Nasdaq was up one tenth of 1 % however on the week it did make it seven in a row by comparison the S &P is up four weeks in a row today the S &P advanced almost five points up by one tenth of 1 % Dow industrials up 43 also up by one tenth of 1 % the Nasdaq composite index picked up 20 points higher by about two tenths of 1 % tenure yield 3 0 .75 % for the two -year 4 .59 % as for the stock market outlook Linda Dissel is Senior Equity Strategist at Federated Airmus and she was interviewed
Bloomberg Radio New York
"gina raimondo" Discussed on Bloomberg Radio New York
"The Bloomberg Business App and BloombergRadio .com. Bloomberg, the world is listening. Hi, I'm Danica Patrick. Watching my nieces grow, play and learn is amazing, but not every child gets to be carefree. One in six kids in the U .S. are hungry. This breaks my heart and it's something that Feeding America is working to change. Each the year Feeding America network of food banks rescues billions of pounds of good food that would have gone to waste and gives it to families in need to help visit feedingamerica .org. Brought to you by Feeding America and the Ad Council. The Bloomberg Talks Podcast. Today's top news from around Bloomberg News. Joining us now, Uber CEO, Dara Khosrowshahi. We're joined by the JP Morgan, Chairman and CEO Jamie Dimon. Wide -ranging conversations with Fortune 500 CEOs, big -name investors and business leaders around the world. A special interview with Elon Musk. The Secretary of Commerce Gina Raimondo Bloomberg Talks. Subscribe today on Apple, Spotify and anywhere you get your podcasts. Yes. No one knows where this market will go right now. Feels like a wild ride. One thing's for certain, there's a way through it. And the experience and guidance of a Merrill advisor help can you get there. Because where there's a bull, there's a way. Find an advisor at ML .com slash bullish. Merrill, a Bank of America company. What would you like the power to do? Investing involves Merrill Lynch Pierce, veteran Smith incorporated registered broker dealer, registered investment advisor, member SIPC, a wholly owned subsidiary of Bank of America court. Wake up and text, text and eat, text and and meet up meet with a friend you haven't seen in forever. Text and complain that they're on their phone the whole time. Text and listen to them complain that you're on your phone the whole time. Text and whatever, but when you get behind the wheel, give your phone to a passenger, put it in the glove box. Just don't text and drive. Visit StopTextsStopRex .org. A message from NHTSA and the Ad Council. This is Caroline Hyde. And I'm Ed Ludlow. Join us for Bloomberg Technology, a daily podcast focusing exclusively on technology, innovation and the future of business. We bring you the latest headlines from tech's top companies and conversations with the hugely important issues. It's extraordinary what chip technology can achieve. The Bloomberg Technology Podcast every weekday. Subscribe today on Apple Podcasts, Spotify
Bloomberg Radio New York
"gina raimondo" Discussed on Bloomberg Radio New York
"Right, so we've talked about the wild ride that we've seen on markets. We talked about stocks selling off, then rallying, and then we did see treasuries tumbling. We saw 30 year yields over 4% for the first time since 2011. We're going to talk about the yield curve and also what fed fund futures are telling us about. You know, who knows a lot about this? I were Jersey. He's going to be joining us in just a few minutes. But first up, let's go over to Charlie pellet because we got less than 90 minutes to go, Charlie. Indeed, stocks holding on to gains, the Dow, the S&P NES stack all surging with the S&P on track to halt a 6 day sell off that took it to a two year low. Right now we've got the ten year yielding 3.95% we've got the two year 4.45%. All of this on a CPI Thursday, the S&P up 99 now, a gain of 2.8%, a 3% surge for the Dow, up 882 points of 30,092, and as a stack is up 251 up by 2.4%, of course, we've got a whole lot more coming up on rates with our Ira Jersey. Spot gold right now, 1665 the ounce down $8 and drop there of 5 tenths of 1% and West Texas intermediate crude up 2.2%, 89 17 a barrel. A key measure of household prices rose to a 40 year high in September. Core consumer prices up 6.6% year over year. The data pressures the Federal Reserve to lift rates even more to stamp out inflation. Biden administration reaction to today's report from U.S. commerce secretary Gina raimondo, who was interviewed right here on Bloomberg radio. As we all know, this is a global problem. There's not a country on earth right now, not struggling with inflation. And as we put COVID behind us and get back
Bloomberg Radio New York
"gina raimondo" Discussed on Bloomberg Radio New York
"World of the national news, Nathan Hickory. Paul will start with some developing news in Florida, a jury is recommending life in prison without parole on the first counts against Nicholas Cruz then depleted guilty in the massacre of 17 people at marjory Stoneman Douglas high school in Parkland, Florida, four years ago. The 12 person juries verdict is still being read, will keep you posted. The White House says President Biden's economic plan has put the U.S. in a better position to tackle inflation than the rest of the world. President to put out a statement after the latest report on consumer prices showed core inflation hit a new 40 year high last month. Commerce secretary Gina raimondo says the plan needs time to work through the economy. I wish they were a magic wand. The fact that every country in the world is struggling with inflation and frankly America is doing better than any other country tells you there's no magic wand and we have to get up every day and attack it. Secretary Gina raimondo spoke moments ago on Bloomberg radio and television, President Biden says prices would go up, not down if Republicans take control of Congress. The White House is also ramping its war of words with Saudi Arabia over OPEC's oil production cut, National Security Council spokesman John Kirby says the U.S. presented the kingdom with an analysis last month that there was no market basis to reduce output. Kirby says the cartel could have easily waited until its next meeting after the November midterms. New York attorney general letitia James is asking for a preliminary injunction in her lawsuit against former president Donald Trump, asking a judge to prohibit the Trump organization from transferring material assets to another entity without court approval. James put out a statement saying the order would stop the quote ongoing fraudulent scheme at the former president's real estate company. Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than a 120 countries, this is Bloomberg. How are financial services firms managing in this new reality? Claire santoro managing director at BNY Mellon's Pershing explains. If the current times have taught us anything, it's a critical role that technology plays in client relationships. Global conditions have created a
Bloomberg Radio New York
"gina raimondo" Discussed on Bloomberg Radio New York
"30 a.m. in Hong Kong I'm Kathleen Hayes And I'm Juliet sali in Singapore We've got treading underway in Hong Kong and Shanghai to cross much of Asia we're seeing a little bit of a mixed picture now Hong Kong's hang seng opening higher by around half of 1% will have more on market shortly Kathleen And we're taking a look at some of the big stories today and the way people have their eyes on inflation lately Julia I'm sure everyone is watching this Saudi Arabia raising oil prices for its biggest market of Asia by more than expected State producers Saudi Aramco raised its key Arab like crude grade by $2 and ten cents a barrel from June to $6 and 50 cents This increase comes as the region's main economies east virus restrictions helping to boost a man Saudi Arabia sends more than 60% of its crude exports to Asia with China Japan South Korea and India being the biggest buyers In other news Aramco has also increased grades for the Northwest Europe and Mediterranean regions Prices for U.S. customers were kept unchanged for the second straight month While China reported 73.4 million passenger trips during the dragon boat festival in early June that is a drop of 40% compared with the same holiday last year Passenger trips by railway road waterway and plane during the long weekend holiday were also 9.6% fewer compared with the festival in 2020 This was reported by state broadcaster CCTV signing data from the transport ministry China officials said the tail end of the latest virus outbreak continued to hinder travel Still travel is likely to pick up as China eases its virus restrictions including in the capital Beijing More provinces including jelly and hainan have also recently resumed cross province travel But it was surprised here for you this commerce chief Gina raimondo today saying it quote makes sense to lift tariffs on some goods as a way to team the hottest inflation in almost four decades Here's Gina raimondo on CNN State of the Union Steel and aluminum we've decided to keep some of those tariffs because we need to protect American workers and we need to protect our steel industry That's a matter of national security There are other products household goods bicycles et cetera And it may make sense and I know the president is looking at that That was U.S. commerce chief Gina raimondo heard on CNN's State of the Union earlier today The Biden administration has been weighing what to do with former president Donald Trump's tariffs on about $300 billion of goods imported from China Some businesses have benefited from the terrace protecting them from Chinese import competition Other companies that use the goods as inputs in areas including manufacturing particularly of cars have been hurt Eliminating a wide array of tariffs could reduce the inflation rate by 1.3 percentage points That's according to march research from the Peterson institute for international economics Well a big day for Apple tomorrow in California with the 2022 worldwide developers conference but one thing you're not likely to see apple's planned high-tech virtual reality headset we get more from Bloomberg's Denise Pellegrini Apple may be running into trouble making the augmented reality virtual reality device a real reality The New York Times reports battery power issues have forced Apple to delay the unveiling of that until next year The paper also says some employees have quit in part over concerns about a product that could change the way people interact with each other We could see the focus on some other new things that the conference instead including fresh operating systems for products and a new iPhone lock screen Denise Pellegrini Bloomberg deprecation All right let's check in on these markets across Asia We've got these global growth concerns of course concerns as well about global rate pressures and we are seeing a weak a start to the trading wig a Singapore's market is down by about a third of 1% China's CSI 300 has opened lower by half of 1% and it did look like we'd see gains in Hong Kong pre market was up by about 1% on the hang seng but we're now seeing that index down two tenths of 1% continuing to watch the story in oil though as we see price prices rise there We've got printed a $119 77 a barrel and WTI has been holding around a $120 a barrel This after we saw shortage worries persist Saudi Arabia raising prices for its biggest market of Asia by more than expected the U.S. considering allowing more sanctioned Iranian oil onto global markets to counter the drop in Russian supplies Also having a quick look at currency markets as we see a stronger dollar you've got China's yuan at 6 foot 6 four and the Japanese yen a 130 spot 5 9 Kathleen Right I think it's time for some global news now And baxters in the San Francisco 9 60 newsroom Ed For you of course Australia's defense ministry says one of its reconnaissance jets was put in a very dangerous position this week It says it actually was cut off by a Chinese fighter jet defense secretary Richard marls says.
Bloomberg Radio New York
"gina raimondo" Discussed on Bloomberg Radio New York
"Fire chief Chad Russell described the state of the town during a Saturday news conference We now believe we had approximately a thousand structures that were affected in some way by the storm that number probably will continue to rise as the day goes on That's the latest I'm Julie Ryan You're listening to balance and power with David Westin on Bloomberg radio I'm Joe Matthew in for David Weston this week Bloomberg government's elections expert Greg giro will join us Talk about what's next after an appeals court said Democrats violated New York's constitutional ban on partisan gerrymandering But first first quarter GDP showed the U.S. economy shrinking for the first time since spring of 2020 We got reaction from The White House in a conversation I had with commerce secretary Gina raimondo You can never make too much of one data .1 quarter et cetera I wasn't surprised You know we all knew I tried to many CEOs last quarter They were bulking up on inventory last quarter So we all expected this quarter would be a bit slower And again even if that weren't the case I don't think one quarter makes a trend If you look at small business starts they're higher than ever wages are up Talk to CEOs about their businesses The economy is resilient and growing So at this point obviously you don't want to see this you know It's disappointing You never want to see it but we weren't surprised and I don't think it's a trend What are businesses telling you secretary about the consumer right now This of course had a lot to do with our trade imbalance not a lack of spending by consumers who seem to want to spend even in the face of rising inflation What are you hearing from companies across the country right now Exactly that exactly what you say which is you know people are employed obviously unemployment is in a historic low wages are up People have money to spend They want to spend and obviously inflation is a drag People feel it We know that But if you look at the fundamentals of this economy productivity production investment wages hiring It's all strong and resilient Last time I spoke with you we talked about the innovation and competition acts secretary This has been in the works in the air on ice if you will for the better part of the year And of course includes the chip act that $52 billion that would help to incentivize domestic chip making Leadership of the Senate Mitch McConnell Chuck Schumer say that they have a timeline that they've agreed on but so far as secretary they haven't even been able to name conferees to create a conference committee to hammer out differences between the House and the Senate version If this is a national emergency as you have suggested the need to make chips here in the U.S. Why is this so controversial Why is it taking so long Yes Either way it is a national emergency It's not just as I said Talk to the CEO of any national defense contractor They'll tell you they need chips to make sophisticated weapons talk to the auto industry They are still furloughing workers because they don't have the chips to make cars So this is not you don't have to believe me This is a national emergency I wish I knew what it would take to get Congress to move more quickly and do its job but I can tell you it's past time and they do need to do their job because the American people deserve to be safe This single most important bill to bring down inflation in the long term to fix our supply chains in the long term and to create hundreds of thousands of high paying American manufacturing jobs So I will say I am optimistic that they have appointed countries I am hearing more from senators on both sides of the aisle but they understand the urgency of this So we just have to kick it into gear and get it over the finish line You have a timeline on this I know you wanted this to be law by now by spring Do you see it happening this summer I do see it happening this summer I don't think Congress can advocate its duties and not do it this summer We just can't wait You know you have companies like Intel for example or micron Good U.S. semiconductor companies They are going to add facilities They have to be the demand The question is will they do it in the United States of America Or will they do it in other countries which are giving them subsidies to ask you about that but you testified to that extent that other countries from Germany to Spain to China of course are wooing was the word that you use Wooing these chip makers to set up shop in their countries Is that actually something that you're concerned about competing with other nations Is that how this story ends if Congress does not pass this bill Absolutely There is no doubt in my mind The single biggest risk to delay is that these chip companies will expand in other countries And they have to right What are these other countries offering them secretary Money Same thing that we want to offer them Germany Singapore certainly China France Spain all have subsidies on the table now And if you're the CEO of a semiconductor company you have to expand to meet the demand you want to do it in the United States But if Congress can't get its act together and pass this they'll have no choice right If we're sitting here in the fall and this bill hasn't passed those semiconductor companies will have no other choice They will have to build overseas and there is no reason for that So I think the time is now the consequences are real and look no further than what's happening in Ukraine Every piece of military equipment we are giving to the Ukrainians and has hundreds if not thousands of chips in them And we just can not afford to play politics with this It's time to get this done How concerned are you You mentioned Ukraine about Russia cutting off gas to some of our allies including Poland secretary I wonder what the administration is doing to potentially prepare for other countries For instance if Germany was cut off by Russia would we be prepared to replace that gas So as you say this is definitely an acceleration in the wrong direction And I know the administration and the national security team has been planning for this scenario And he's planning for every possible scenario Thanks to commerce secretary Gina raimondo New York will have to move its primary election day after an appeals court tossed out the state's new congressional map agreeing with lower courts that said Democrats violated the state's constitutional ban on partisan gerrymandering and failed to follow proper redistricting procedures to walk us through what happened and what's next I spoke with Bloomberg government elections reporter Greg Jerome It's a real mess there in New York The primary was scheduled for June the 28th It looks like it's going to be moved into August because as a result of these New York maps drawn by Democrats were invalidated by the New York's top court they're going to have to be redrawn with court supervision and yes it's going to create a later primary and probably less certainly less favorable districts for Democrats in order to map they tried to implement Let's look at this map for a minute It would have given democratic candidates in advantage as I read on the terminal in as many as 22 of the 26 new districts How did this get so far Yeah a pretty large sighted advantage for Democrats had they gotten that match through Even though New York is a strongly democratic state currently Democrats hold 19 districts compared to 8 for Republicans So if they had done that through they could have netted three seats on their side and eliminated four Republican districts which would have gone a long way to helping them brace against a big Republican offensive to win the majority in the midterm elections And so this ruling.
Bloomberg Radio New York
"gina raimondo" Discussed on Bloomberg Radio New York
"Headed for a recession We'll talk with commerce secretary Gina raimondo find out what The White House view is on this And we'll spend time with Republican Montana senator Steve daines just back from a trip to Ukraine to get his report from the ground on what military aid Ukraine needs to keep fighting against Russia Later carrier global beat first quarter estimates I'll get reaction from carrier CEO David gitlin bless his outlook for the rest of the year And Bloomberg government's elections expert Greg jarot will join us to talk about what's next after an appeals court said Democrats violated New York's constitutional ban on partisan gerrymandering But first major airlines have dropped their mask mandates allowing customers to choose whether or not to mask up But the whole story is a bit more complicated than that And for more we talked about it with association of flight attendants CWA president Sarah Nelson Most people actually want to follow the rules and comply But when they're not prepared to do so don't have certain expectations and those expectations aren't met That gives rise for anxiety and that can often lead to conflict and it makes our jobs harder So the way that this was communicated in the first place from one moment in time will flights were already in the air Yeah That was a chaotic situation that we would not want to duplicate ever again So you would call this an improvement despite the existing confusion things are getting better for association members Well listen there was a collective sigh of relief with the end to the mask mandate And the reason for that is because flight attendants have been on the front lines taking the brunt of enforcing this We don't make the rules but we enforce the rules to keep us safe And flight attendants themselves were having to wear those masks 15 16 17 hours a day The time that they're transiting to and from the hotel So this was this was very difficult for flight attendants and they're glad that they don't have to do that anymore But I have to tell you the conflict doesn't end on the planes And because people are getting upset for a lot of different reasons And a lot of those physical confrontations that you've seen on the evening news those are the result of other issues entirely not having anything to do with masks So we still have a lot of work to do to calm down our skies With that said Sarah should customers who were kicked off of flights for being aggressive for refusing to wear a mask for actually assaulting flight crews over the last two years Should they be on a no fly list Should they never fly again Well let's be really clear If someone got physical if someone assaulted a crew member or another passenger they're flying privileges should be gone And there is a bill in Congress to put this in place that would be enforced by the TSA And we could do that We could have a transparent process where there's also a due process So people do have the ability to appeal They also have the ability to try to get off that list at some point in time But if someone was aggressive and violent absolutely they need to be banned If they just didn't follow the rules then we need to have a process in place where maybe they can come back on board if they were just refusing to comply with that mask mandate But it should not be a blanket come on back right now because we're sending the message to everyone that the rules overall don't matter And that's just not true We have to keep everyone safe Last time we spoke you were also concerned about the role that alcohol was playing in this not so much on the airplane Sarah but in the airport and the aggressive marketing that we're seeing there are people who are getting sloshed before they get in the gate even and walking onto the plane as a starting point there The mask mandate coming down is not going to change that Should booze be banned in airports Well Joe I can tell you right now that I could take that position but it would not be a popular position And I wouldn't win Here's what we want though Alcohol has always been a problem in the skies It's always been a major contributor to disruptive passengers to violent passengers And so we don't need what happened during the pandemic which was a to go policy For these concession errors in the bars and the airports that were in place for public health measures that they have kept in place because they determined this is a way that they can earn money So what we need to do is we really just need to have a crackdown in the airport where we're not pushing that to go alcohol but we've got clear signage and also that all of the bartenders are trained in the stoplight system so that they're not serving people to the point of being inebriated before they come to our planes And we just have to be really clear with people that the boarding will be denied If you appear to be inebriated and you can't bring your own alcohol on board you have to wait to be served by an aviation professional Your union represents 50,000 flight attendants at 17 airlines Sarah We've started hearing from some of those airlines coming back to life if you will after COVID And a lot of people strong demand to get on airplanes We've seen quite a number of delays because of a labor shortage How much of a problem is this going to be the sort of growing pains of coming back to something closer to normal Here's the issue Before the pandemic the airlines were routinely scheduling based on extreme number of voluntary overtime hours And people are not willing to pick up those overtime arrows at the same rate that they were before flying is a lot harder now They are having problem because they had been planning on scheduling with a certain number of staff And now we're just not picking up those overtime hours like we used to So they're trying to hire and staff up but also airlines have been a little bit more thoughtful about pulling back on their schedule a little bit not being quite so aggressive They were quick out of the starting gate there as we started to see demand come back and wanted to compete with each other and they really got a little bit over their skis there and adding too many flights without being able to staff those flights Thanks to Sarah Nelson president.
Bloomberg Radio New York
"gina raimondo" Discussed on Bloomberg Radio New York
"Security of people and the economy these blockades can not continue The White House says Trudeau promised quick action to enforce laws and restore the open passage of crossings between the two countries I'm Brian chuck Your listening to balance and power with David Weston on Bloomberg radio Still to come this hour we hear from commerce secretary Gina raimondo on the Biden administration's plans for getting the semiconductors that we need But first the Senate has 5 nominations for the Federal Reserve up for confirmation And the one that has generated the most heat so far has been Sarah bloom Raskin for the key role of vice chair for supervision with several Republican senators challenging her views about taking climate risk into account in regulating banks For his thoughts I talked to Simon Johnson Professor of entrepreneurship at the MIT Sloan school of management Many central banks leading central banks around the world have really shifted their thinking on climate change and climate risk over the past decade Jay Powell and Randy quells the outgoing incoming or renewed chair in the outgoing vice chief of vision of both spoken quite clearly and forces on this And I think Sarah Boone rescues remarks and writings fit exactly within that context We don't know exactly where this is going to land in any major Central Bank but it definitely needs to be considered as a financial stability risk or potential issue So one of the things I learned from reading your writings was that Randy quarrels the former the first actually vice chair for supervision Appointed by president Trump and generally thought to be more conservative Himself embraced the notion climate risk had to be taken to account Obviously we heard Jay Powell the current chair quite possibly the future chair as well Say that it should be taken into account So what is the issue here Is it not whether it should be taking account but how Yes I think how and how much in the precise modalities it's a classic central banking type Remember mister qualls in addition to his very important responsibilities in the U.S. was chair of the financial stability board that often goes to leading U.S. voice on regulatory issues But through the FSB he had enormous connections with an impact on the international community of central banks And the particular remarks that I linked to were made in that context So look I think mister qualls representing a sensible process of evaluation of climate risk for central banks And I think Sarah bloom rescue is going to continue in that tradition Did you think that the senators had a point at all particularly about one op-ed piece that she'd written and she was clear to say that was not talking about banking regulation That was talking about whether there should be emergency pandemic loans to the oil and gas industry as I recall Did you think they had a point that you can take the concern about climate too far going from an is that is to say what is the risk to an aught What ought we to do about it Well obviously you can take the concern about anything including around bank capital or regulation of financial markets or anything you can take it too far And that's an important issue And that is I would say very much the debate as we understand it I'm not inside the Federal Reserve but to the extent one can discern that It's an ongoing debate in the fed And everybody connected with banks to provision and it's also a conversation in Europe and many other places So you could take it too far I don't think it has been taken too far I don't think miss Raskin who has been absolute voice of moderation both in a previous time at the fed and when she was deputy secretary of treasury I mean she's an incredibly careful moderate person Oh and when she was bank commissioner in Maryland she's not a person who's going to take you too far on any issues like this The fed has a tough task in front of it How difficult is that task particularly when we have so many vacancies And in fact we have a chair but a chair pro tempore There's a very strong team at the top of the fed and mister Powell staying on and layout branded being Proto device share I think are very smart moves I think the other nominees are also extremely strong I look carefully at that testimony David They're all all the new nominees Our emphasizing the importance of controlling inflation making sure inflation expectations remain anchored and of course it's a fed can do that then I think we can come out of this one in much better shape than we might currently be fearing Thanks to professor Simon Johnson of MIT This week the House passed the competes act Its version of a bill to invest in domestic semiconductor design and manufacture both the Senate and House versions agreed on a $50 billion investment in chips but they diverge on a wide range of other issues To find out what comes next as the two chambers reconcile their differences my colleagues guy Johnson Kaley lynes and I talked to commerce secretary Gina raimondo There's a huge amount of bipartisan support for the vast majority of the bill in both the house and the Senate I have spoken with chairs and ranking members of the committees in both the House and the Senate And also to speaker Pelosi and leader Schumer and everyone is focused on getting it done getting it done quickly and getting it to the president's desk So I'm sure there will be ups and downs and disagreements but we are all optimistic that it's something that can happen reasonably quickly Well that's really reassuring to a lot of people who are concerned about this But specifically on the.
Bloomberg Radio New York
"gina raimondo" Discussed on Bloomberg Radio New York
"Yesterday the House passed the competes act Its version of a bill to invest in domestic semiconductor design and manufacturing Both the Senate and the House versions agree on a $50 billion investment in chips but then they diverge on a wide range of other issues We talked earlier today with secretary of commerce Gina raimondo about what comes next as they seek to reconcile the differences It is impossible to overstate how consequential this bill is As you say it's a $50 billion investment in long-term investment in American manufacturing of semiconductors which is uniquely critical component It's headed to conferences you say And I am there's a huge amount of bipartisan support for the vast majority of the bill in both the house and the Senate I have just this week spoken with chairs and ranking members of the committees in both the House and the Senate And also to speaker Pelosi and leader Schumer and everyone is focused on getting it done getting it done quickly and getting it to the president's desk So I'm sure there will be ups and downs and disagreements but we are all optimistic that it's something that can happen reasonably quickly Well that's really reassuring to a lot of people who are concerned about this but specifically on the supply chain issue which is I understand it's one of the differences of two bills You've been responsible on supply chain here in the United States How critical is that $45 billion in the house side to get done when we need to get down separate apart from the stomach contractor investors Thank you Thank you It's extremely important Now and by the way there is broad bipartisan support for that as well And the president had a similar proposal in his film back better proposal Whether or not 45 is the right number And it needs to be that large is a legitimate discussion But what I can say is there is no department in the federal government currently whose mission it is to monitor our supply chain which is really mind boggling if you think about it So the proposal is to create for the first time ever and initiative here at commerce department to monitor supply chains make sure we have resilient supply chains predict bottlenecks before they have an invest in domestic manufacturing which is why this is now being called the naked America Bill It has to happen David So the precise details we will work that out in conference but I think we're all living every day with the disrupted supply chain We can never let that happen again and that's what this bill is designed to prevent That was commerce secretary Gina raimondo.
Bloomberg Radio New York
"gina raimondo" Discussed on Bloomberg Radio New York
"New economy forum is underway in Singapore the event brings together leaders from countries around the globe in an effort to enact real change and build common prosperity This morning we're bringing you several interviews of note from the forum beginning with Gina raimondo the U.S. commerce secretary sat down for a conversation with Bloomberg news editor in chief John micklethwaite to discuss the U.S. relationship with Asia and her plans to restore America's standing in the region Let's hear what she had to say President Biden is crystal clear when he says America is back He means back with our allies and back in this region So since he's been in office the vice president has been in Vietnam secretary defense has been here I am here USTR ties here We are very serious in re-engaging economically with the indo Pacific And when we talk about the topics it is broader in some ways and a little bit less restrained or constrained than a traditional free trade agreement For example we can talk about partnerships around the supply chain Specific partnerships around working together to make sure that we and our allies in the region have a redundant and secure supply chain You know Australia has critical minerals that we all need We can talk specifically and somewhat more flexibly about partnerships Interoperability which is critical to facilitate digital trade Tech standards We were talking backstage about artificial intelligence You know you wouldn't see setting text standards in a traditional free trade agreement but it is vital Who's going to write the rules of the road for emerging technology We want to write the rules of the road with our like minded allies in this region semiconductors So I think that decarbonization and green Should we see this as sort of the trade equivalent of what people talked about at one time of a kind of coalition of democracies This is America and its allies in Asia getting together in an economic way which does not involve a specific trade packs but which involves a series of complicated alliances building up to that I think that's exactly that is well said And you know you can hire me I'm sure I could not afford you But I think that is well said And you know I'm here in the region beginning the discussions laying the groundwork We're likely to launch a more formal process in the beginning of next year which will culminate in a proper economic framework in the region And does that mean an actual agreement would be Exactly Exactly Do you accept that part of the cost to this is as you know China and for that matter Taiwan are both applied to join the CPT PP that that could be a consequence of it that China becomes part of the trade agreement that America left under Donald Trump Yeah So I will say this China is going to do what China is going to do And whether or not the current members of CPT PP allow China to come in that will be as it will be What I'm talking about is about working with our allies in the region allies we've had for decades in an incredibly important and fast growing region You know in the indo Pacific 940 million people are entering the middle class in the next 7 to ten years 4.6 billion people Here in Singapore some of the best innovation in technology in the world So this isn't about China This is about developing robust commercial and economic relationships with our partners in the indo Pacific where we have had a robust relationship for a long time but for the past few years The elephant in the room the reality is America has been absent We have been absent from the Reed largely absent in the past few years And when I am here in the region there seems to be a strong pull to have us back And so we want to work towards this agreement That's U.S. commerce secretary Gina Romano speaking with Bloomberg news editor in chief John micklethwait from the Bloomberg new economy forum in Singapore Stay tuned for much more from the event including an interview with alphabet CEO Sundar Pichai That conversation is coming up Just about 20 minutes from now First we'll bring you the latest on Federal Reserve leadership plus a serious warning on the debt ceiling from treasury secretary Yellen It's all coming up straight ahead on Bloomberg daybreak As we look ahead to the market open on this Wednesday morning Little change in futures contracts S&P futures are down almost two points down futures down 13 NASDAQ futures up 5 points the ten year treasuries up one 32nd yield 1.62% yield on the two year .51 nymex crude down 1.3% at 79.72 cents a barrel the Euro 1.1316.
WSJ Tech News Briefing
US, EU to launch consultations on tech regulations, trade, China
"First s. e. u. tech trade summit starts today secretary of state antony blinken commerce secretary gina raimondo and us trade representative. Catherine tie will sit down with their european commission counterparts. In pittsburgh the talks are meant to address trade issues around technology including data governance rules and securing supply chains to offset the rise of china and russia. But our reporter. Dan michaels says some issues. Maybe thornier than others. It gets a lot more complicated when you get into specific regulations and how each side overseas these things so for example the eu is much stricter about a personal data than the us. The us has more government surveillance microchips or another area. There's a desire to cooperate because the past year or so has shown how reliant both the. us and europe are on both china but also friendlier places like taiwan and south korea. And there's a desire to develop some independence but what that actually means isn't so clear because us wants the us to be strong. Europe wants europe to be strong so figuring out how they both gain without one losing out to the other. It's it's it's a little dicey
Bloomberg Radio New York
"gina raimondo" Discussed on Bloomberg Radio New York
"Chain to provide information on inventory and sales of chips that according to commerce secretary Gina raimondo I'm Charlie papa Joe's a Bloomberg business flash Charlie we thank you It's been another very busy day on Capitol Hill Those of us who attended speaker Pelosi's weekly briefing this morning were.
WBZ Afternoon News
Biden Picks Former Boston Mayor, 4 Other Cabinet Members To Help Sell Infrastructure Plan
"Than $2. Trillion to members of the Cabinet chosen have local ties. Former Rhode Island Governor Gina Raimondo now Commerce secretary and former Boston Mayor, Marty Walsh was of course now Labor secretary. White House says the proposal will lead to millions of jobs, but both sides of the aisle pushing back, conservatives say it's too expensive. Liberals say it doesn't go
WBZ Morning News
Senate confirms Gina Raimondo as commerce secretary in 84-15 vote
"Resigns as Rhode Island governor after a Senate vote, confirming her appointment as commerce secretary. She will be sworn in tonight with a ceremony at the White House. Meantime, Lieutenant Governor Daniel McKee Is now your new governor of Rhode Island Theater
WBZ Morning News
Senate confirms Gina Raimondo as commerce secretary in 84-15 vote
"Former Rhode Island governor Gina Raimondo has now been confirmed as the new secretary of Commerce. Dan McKee is now your new governor of Rhode Island. It's
Nightside with Dan Rea
Senate Confirms Gina Raimondo as Biden's Commerce Secretary
"New governor in Rhode Island tonight. Dan McKee sworn in as the ocean State 76 governor sworn in after former governor Gina Raimondo officially joined President Biden's cabinet as commerce secretary after winning Senate confirmation. Your attendant no longer in the running to lead the budget office in Washington, the White House withdrawing her from consideration after she faced a mountain of opposition over highly partisan tweets and her
All Things Considered
Senate confirms Gina Raimondo as Biden's commerce secretary
"Hansi Lo Wang. Reports the Rhode Island governor is now set to oversee the Census Bureau. Gina Raimondo is cutting short her second term as a governor of the country, smallest state to join the Bite administration, a Democrat and the first woman to lead word island reminder was set to take on an eclectic portfolio of Commerce Department agencies, including the Census Bureau. What a reminder is. Most urgent agenda items is overseeing the preparation of the 1st 2020 census results the new state population counselor used to determine representation in Congress and the Electoral College for the next 10 years. Those numbers are expected by the end of April. Godzilla Wang NPR NEWS NEW YORK President Biden's picked to serve his White House budget director
WBZ Afternoon News
Biden's Commerce Secretary, Gina Raimondo, Confirmed By Senate
"Tonight. What island Governor Gina Raimondo has resigned to become the president's Commerce secretary Senate confirmed her earlier
WBZ Afternoon News
Raimondo resigns after winning Senate confirmation as U.S. commerce secretary
"News tonight out of Rhode Island, where Governor Gina Raimondo moments ago officially resigned. That's because earlier today the Senate confirmed her to serve as president. Biden's Commerce secretary, Lieutenant Governor Daniel McKee will now be stepping in to take her place. Resignation letter tonight. Raimondo says she has utmost confidence in Maquis, now her nomination to be commerce secretary past today on an 84 to 15 vote. Republicans opposed to her confirmation say they were worried Romano wouldn't be forceful enough to confront the Chinese and the Chinese efforts to get an economic and technological edge through spying. Supporters of reminder, though, said they liked the fact that she has private sector experience. And she has shown she can match up workers with new economic opportunities like renewable energies again. Rhode Island Governor Genera Mondo officially stepping down tonight on her way to Washington to serve as commerce secretary.
MAD MONEY W/ JIM CRAMER
Cramer calls on U.S. to build factories to address chip shortage, unemployment
"As the pandemic gradually draws to a close. We've still got to national emergencies that we had to talk about a man money. A horrendously high unemployment rate and the semiconductor shorts is causing major problems for us manufacturing and competitiveness. We need more chips and we need more jobs so why. Kill two birds with one stone. It's time for our government to invest in building the biggest and best complex of semiconductor foundries. That's the factories in the world. And we can do this now. This kind of initiative went out of style decades ago but we know it works because the government just did it with operation warp speed the co vaccine program that got us to trick vaccines in less than a year. Were on a roll. Let's keep it. I don't need to explain. Employments national emergency but what south with the massive government back semiconductor foundry pro. Okay we just heard from general motors. They have all these new indian vehicles but they simply can't make them because they're sending books shortage and modern cars require a lot of tech ford said the same thing could cost them one to two billion this year bleed. You're gonna start hearing about this shortage. Constantly dan we the us really havoc with all sorts of industries and making us less competitive and perhaps even hostage country hostage to a bigger chip customer. The pr see. We got to get ahead of this. Now some of this shortages natural thanks to cova. We've got millions of new homes. That require a lot. Har- we're eating these chips like doritos at halftime. But some of you thanks to globalization are sitting been able to outsource their manufacturing most couple of huge asian operators taiwan's semi which is now the biggest samsung. These are both incredible mazing. Well run companies but they also get so production capacity that they have they hit the entire world including demand from china that hits american companies extra hard because new of our businesses run on just in time ordering. They don't want to sit in a lot of extra components it just by the chips when they need them. That's a quick way to make money save money until it's a shortage. Now that's where we find ourselves. Our companies can't get enough chips because there's not enough. Production were wide and that lack of chips is hurting all sorts of manufacturing including the formation. Gm and ford now. There are two ways to approaches. We can throw up our hands and baked samsung taiwan semi to build more plants. That's been our strategy or anywhere for that matter or we can roll up our sleeves. Like operation warp speed. Remember today when everyone get tested raw. Got javert here can roll up our sleeves and get this job done ourselves. If we're supposed to be the most powerful country in we'd be able to manufacture semiconductors for heaven's sake it's our industry so let me tell you what needs to happen. You might not know it. But america's best tech industry the most intellectual property that is anywhere in tech is in the semiconductor capital equipment space. That's lam research. Kelly tinker applied materials. They had machines that we need to make chips meaning while building gigantic simtek foundries can put more people to work and just about any other research project much more than a much than highway than a bridge. Why stop at roads and bridges and we re establish yourself as a whole new kingpin in manufacturing industry that used to dominate. And hey biden's pick for commerce secretary gina raimondo. She was a venture. Capitals governor of rhode island. I got into politics. She'd be the perfect champion for this project. We can take advantage of low interest rates to issue fifty year semiconductor savings bonds to raise the money for this project partner up with the private sector then. These businesses can pay back. uncle sam. Production gets rolling or chips. Defense ships all sorts of internet of things. Chips should be able to make this stuff domestically in the best in the world. Honestly it's insane. We outsource our semiconductor manufacturing to taiwan south korea. When they're within spitting distance of our biggest wattle china. I love taiwan. I love south korea but we ever get into a shooting war with the chinese. For heaven's sake they'll be right in the middle of it. Hopefully it never comes to that but why would even taking that chance. How much would this cost. We know semi spending up to twenty billion to boost its output. And they're very good at what they do. Let's say let's let's borrow one hundred billion dollars in savings bonds to make the us more semiconductor independent over the next few years but we have to start immediately to alleviate the shortage people intensive national imperative blueprint ready customer for the suppliers. Ready to help so soon. To be secretary raimondo. You've been on the show. Let's get the loan just chip ongoing going and put an end to this chip. Shorter's saving tens of thousands of jobs giving me economy a huge boost. This is what we used to call industrial policy. It worked for vaccines. And i know from work for chips to
Native America Calling
Senator Cantwell talks about tribal broadband at confirmation hearing
"This is national native news antonio gonzales the biden administration says it's ordered a pause new oil and gas leasing on public lands does not apply to tribal nations the mountain west news bureaus savannah mar reports the administration issued the clarification after the chairman of the youth indian tribe called the initial. Moratorium direct attack on tribal sovereignty. Stephen fast tourists of the northern arapaho. Business council agreed that would impact all of our guests tribes. Pretty bad it would triple fast. Horror says those tribes rely on oil and gas revenue to pay for social services and unlike state and local governments. They don't have a tax base to back on. The issue is thornier for climate activists. Gold tooth with the nonprofit indigenous environmental network. It's nice to see them. Ministration recognized travel it is disheartening to the tribes. The use that to continue fossil fuel extraction moving forward gold tooth hopes to biden will support tribes in divesting from fossil fuel industry for national native news. I'm savannah mar this week. President biden signed a memorandum on tribal consultation. It directs all executive departments and agencies to engage a regular consultation with tribes agencies. Have ninety days to come up with a plan. Tribal leaders across the country are welcoming the memo in a statement principal chief of the cherokee nation. Chuck hoskin junior applauded. The action hoskins says meaningful consultation is vital to treble governments to have a seat at the table to shape policy and hold the federal government responsible. He says the memorandum is the first comprehensive white house affirmation of mandatory consultation with tribes since two thousand nine the tribal consultation follow directives laid out by the obama administration. President biden says he's committed to honoring tribal sovereignty and including tribal voices and policy and hopes to strengthen the government's relationship with tribes this week washington. Us senator. Maria cantwell address. President biden's nominee for us. Secretary of commerce rhode island governor gina raimondo and talked about tribal broadband. Steve jackson has more. Senator can't will introduce legislation last session. That would accelerate the deployment of broadband services to tribal communities by setting aside fcc and usda funds for deployment on tribal lands at the confirmation hearing for commerce secretary. Can't well made governor raimondo. Aware of the issue and the secretary will inherit a new program as part of the kobe. Bill the tribal broadband connectivity program. It two thousand nineteen report from. Fcc found that less than half of households in indian country have access to high speed broadband services a twenty percent gap from non tribal areas. And so i hope that we will be able to get good administration of that program. The cova pandemic has only increased the problem of limited broadband. Dude at more people working from home as well as distance learning for students for national native news. I'm steve jackson reporting from spokane alaskan native artist and illustrator. Michaela goad was honored by the american library association. This week with the randolph called toco metal. She said to be the first native american to win the award. A member of the central council of lincoln and haida indian tribes go was recognized for most distinguished american picture book for children. We are water protectors. The book written by carol lindstrom turtle mountain honors water protectors for fighting for indigenous rights and environmental justice. Awards were announced during the association's virtual midwinter gathering. I'm antonio
WBZ Midday News
Raimondo testifies in confirmation hearing to be commerce secretary
"The new Secretary of State Antony Blinken, Antony Blinken, becoming the third Cabinet member to win approval in the body in administration. Meanwhile, Rhode Island Governor and Commerce secretary nominee Gina Raimondo, appearing before the Senate Commerce Committee for her confirmation hearing. The Harvard grad, laying out her views on the mission of
WBSM 1420
"gina raimondo" Discussed on WBSM 1420
"Regional news groups are slamming Governor Gina Raimondo for dodging the press. Ah sharp letter was issued from the Rhode Island Broadcasters Association, the Rhode Island Press Association and more, they said Ra Mondo has made one public appearance since December 22nd and has refused to answer questions from reporters. Silence came in the wake of Joe Biden, picking her as his U. S Commerce secretary. Ah Boston doctor has died following a mountain climbing accident in Pakistan. Dr. Alex Goldfarb of Beth Israel Deaconess was climbing broad peak when he went missing January 16th. His body was found two days later on the mountain, which is the 12th highest in the world. The Tour company working with Goldfarb said he pressed forward into dangerous conditions even after other climbers turned back U. S Senator Ed Markey has reportedly invited incoming transportation Secretary Pete Buddha judge to Cape Cod to take a first hand look at the born and sag more bridges, which marquee says we'll need to be replaced Buddha judge testified today at his confirmation hearing before the U. S. Senate. New Bedford chapter of the Prince Henry Society is accepting applications for this year's scholarship program. Go to the Prince Henry society dot org's for more information. In sports. The Celtics are dusting themselves off from last night's loss to the 70 Sixers. The two teams go at it again tomorrow night in Philadelphia and the Bruins air Skating on home ice Tonight at TD Garden, where they host the Flyers. Here's ABC six meteorologist Chelsea Priest Ah, cooler afternoon across Southern New England temperatures today.
WTOP 24 Hour News
Boston mayor, Rhode Island governor among Biden adds to economic team
"Biden announces his final Cabinet picks as we hear from Fox is Hilary von Biden announced his economic team yesterday announcing his picks for Labor secretary and Commerce secretary making his Cabinet complete binding, picked Rhode Island Governor Gina Raimondo for Commerce and Boston Mayor Marty Walsh for labor. He also announced a major vaccine update yesterday, saying all vaccine doses should made available to everyone. Now a transition official gave me the following statement on this what the president elect Believes Believes we we must must accelerate accelerate distribution distribution of of the the vaccine. vaccine. He He supports supports releasing releasing available available doses doses immediately immediately and and believes believes the the government government should should stop stop holding holding back back vaccine vaccine supply supply so so we we could get more shots and Americans arms now, according to the CDC, more than 15 million vaccine doses have been distributed in the U. S. But only 4.5 million people have received the first dose. There
WBZ Midday News
Biden says he seriously considered Bernie Sanders for labor secretary
"He and Sanders agreed that bike need Sanders in the Senate and Walsh would make a good labor Secretary Mike Macklin, WBZ Boston's news radio. Meanwhile, Joe Biden has selected Rhode Island Mayor Gina Raimondo to serve as secretary of commerce in the
Howie Carr
Biden Introduces Boston Mayor Walsh, Rhode Island Gov. Raimondo as Cabinet Picks
"The governor of Rhode Island are being welcomed today by President elect Joe Biden. Biden was hosting a ceremony in Delaware to introduce Mayor Marty Walsh has his Labor secretary and governor Gina Raimondo as his pick for secretary of commerce. In Rhode Island, Lieutenant Governor Dan McCay will step up to fill Raimondo shoes in Boston. The president of the City Council, will replace Walsh. Massachusetts,