35 Burst results for "Greg Jarrett"
Mark Levin
Pres. Trump: The Wrong People Received Pulitzers in 2018
"You know mister president 8 Pulitzer prizes were handed out in 2018 related to this To The New York Times and The Washington Post Maggie haberman and so forth And you know people will say well are they going to return the pulitzers Doesn't it just show how completely and thoroughly corrupt and biased and activists the media are well it is true And you'll be happy to know about 6 months ago I sued the Pulitzer foundation because I said you got the Russia story wrong Frankly guys like you and Sean and I don't know that what they do bullets or it's equivalent but many many people Greg Jarrett and if you look at Charlie there's so many people they could have gotten although it's a little bit of a minority but nevertheless a lot of people they should have gotten it You should have got the year A lot of people should have gotten it they've got it right but the people that got it all got it exactly the opposite exactly wrong And I sued the Pulitzer foundation I'm doing this more and more because it's also corrupt What's going on with the special persecutors I call them special persecutors as opposed to have the term special counsel sounds so nice And then I brought a special prosecutor but it's really special persecutors They're all that's all election interference It's all dishonest stuff No different from the Russia Russia Russia house that was just revealed But I sued the Pulitzer foundation Mark and I think you'd like this as a lawyer because I said you gave Pulitzer prizes You have to take him back because it's just the opposite what happened It's exactly the opposite So The Washington Post The New York Times and various others got them And we're in major litigation And I think we're doing very well And frankly this should end it because what happened today I was so oppressed by the quality of this report It was an amazing report done by Durham
Mike Gallagher Podcast
President Trump: Courthouse Workers, Officers Were Apologizing
"A little bit of what it sounded like. Trump, president Trump talking about what the experience was like when he went into that New York courthouse and was actually indicted. Well, it was a horrible thing because I did nothing wrong. Absolutely nothing wrong. You look at even the pundits and the legal analysis, Greg Jarrett, all of these really talented people. They're saying, he didn't do anything wrong. So that's number one. Number two, they were incredible. When I went to the courthouse, which is also a prison, in a sense. They assigned me in, and I'll tell you people were crying. People that worked there, professionally worked there. That have no problems putting in murderers and they see everybody. It's tough, tough place. And they were crying. They were actually crying. They said, I'm sorry. They'd say 2024, 2024. And tears are pouring down. There is, I've never seen anything like that. Those people are phenomenal. Those are your police. Those are the people that work at the courthouse. They're unbelievable people. Many of them were in tears or close to it. Many apologists were sorry, sir. We're sorry. They had me do certain things. I can't believe I have to ask you. I can't even believe that I have to ask you to do it. You could see. So in one sense it was beautiful because they get it.
The Dan Bongino Show
The Liberal Media Smells Blood in the Water
"You Please do not let the media get away with this The left wing fully activist meeting These hacks these basically volunteers for the Democrat party Do not let them get away with this Oh yeah now all of a sudden they found out Joe Biden and Hunter Biden are corrupt The Washington Post is reporting on CNN's reporting on our terrible Korean Pierre's job is how they're doing Do not let them get away with this Here's the hard reality Conservative media not just me a number of other people live in Hannity Tucker Joe pags Clay and buck Dana I mean the list goes on and on and on A people in the space who have been reporting on Hunter Biden's fiasco and Joe Biden's role in it For years no no I mean that in the literal sense years Not like when people say I'll be back in a second and they mean it figuratively For years I wrote books on this stuff so did others Greg Jarrett Solomon Lee Smith and Jeff Carlson on Twitter has been reporting about this stuff forever Techno fog undercover huber Devin Nunes cash Patel the list goes on The media now all of a sudden jumps in Why Why Because they smell blood in the water folks This is not some act of benevolence or philanthropy or an act of professional duty all look where media representatives We don't care about party It's our obligation to cover the Biden scandal That is bull and you know what I'm talking about We've known about this forever You actively played a role in suppressing the Hunter Biden scandal before the 2020 election and you actively played a role in suppressing the scandal about the classified documents until the last midterms rover Now all of a sudden folks don't you find this timing a little convenient
America First with Sebastian Gorka Podcast
Sebastian Talks to Investigative Journalist and Author Lee Smith
"My experience in the last few weeks and I was on a couple of the calls, the Twitter spaces with Elon Musk that were most revealing. If you haven't heard the audio, you can hear them on my social media feeds. He was on for more than two hours with one group of more than a 100,000 people, and I got to ask him a question exactly about smoking guns. But I'm on this Twitter space with thousands and thousands of people, mostly from the crypto sphere. I was invited to the first one and they're connected to Elon. And the thing that shocks me is even the host, who's a well-known entrepreneur in the crypto space. It became apparent in the latest discussion yesterday on Monday as drop number 7 is being revealed. He doesn't even know who Peter stroke is. So how is it that there are people like you who've written volumes on this? One of your books was turned into this amazing film, but our friend Amanda milius, who was in studio last week, the plot against the president. How is it that there are volumes of material by you, John Solomon, Dan bongino, Greg Jarrett, and then apparently millions of people who aren't plumbers or truck drivers, you've got better things to do, but who are in the information space who are in IT in high-tech, and they seem to know nothing about what transpired in the last 6 years. Are you shocked at that? No, I'm not surprised because I'm between social media and the prestige press. They did an excellent job of shutting the wider public off from understanding what happened with Russia gate. And now we're going to see the same thing happen with, I don't know what we're going to call it. But whatever the Twitter files is describing, I mean, I happen to think in many ways, it's much larger because it represents a whole of society censorship industry. But yeah, the press and social media has done a fantastic job of keeping this information away from the broader public. And of course, this is what the Twitter files are describing. A sensorship regime to block information from reaching people.
Bloomberg Radio New York
"greg jarrett" Discussed on Bloomberg Radio New York
"Greg Jarrett good stuff we appreciate that as always. Well, when you think about one of the great success stories in the U.S. in terms of the growth of certain cities, certain metroplex around the country, Atlanta's got to be at the top of your list. It's just been such a great growth story for so long. So many great companies like Delta Air Lines and Home Depot and so on and so forth. They hosted the Olympics. Just a great success story. And so of course, we need to put some numbers around that. And when you want to do that, you go to shinpei a Bloomberg news and Matt Winkler who is editor in chief emeritus and founder of Bloomberg news to kind of put some numbers around that. Put some context around that and they certainly have included joints us here in our Bloomberg interactive broker studio. So Matt, Atlanta, Georgia. What's a key, one of the key takeaways from your perspective as you look at the data as to why Atlanta has been such a good success story. So it goes back to 1974, Maynard Jackson became the first black mayor of any city, major city in the south. And he had two very big initiatives that stand the test of time. One was massive public works, which included the renovation of the airport that is the busiest in the world. And has been renamed with his name on it because of that renovation. He also initiated a rail line that goes from went into the city to the other, so everybody can get from here to there without any difficulty. But the other major thing was he wanted to make sure Atlanta would be forever diverse. And with Atlanta being today, the second largest black majority city in the United States, he initiated a, it was persuasion, really. Requirement that everybody hire at least 30% of their workforce from the black local community. And that also stood the test of time. So today, when you look at business in Atlanta, it is diverse. And in fact, Atlanta is really more diverse than any other city that way. And so those two things, if you like infrastructure, public works, and diversity have combined to make Atlanta the best performing city right now. In the United States and we know that because we have these credit measures that show that Atlanta liabilities are falling personal incomes going up and so are so many other measures of performance for the city. So it's going in the right direction. Is anyone else taking note or other mayors looking at this as a template for what they can do in their cities, especially in cities that have historically had problems like Chicago or Baltimore? Well, I can't say I've done the grand city tour of late, partly because of COVID-19. Impediments, but you know I was in Boston last week catching up with another new mayor Michelle Wu. And mentioned Atlanta and she got excited and she said, we like what we see down there. So it is an exemplar. There's no question about it. It's interesting, Matt, just thinking about the success story of Atlanta, which has been generations in the making. You think about just in the pandemic, how we've seen a migration of people in this country to other similar type cities, whether it's a Nashville or Charlotte or certainly Miami on a greater scale. How did Atlanta deal with the pandemic? Did there anything unique there were they hit as well as anybody and trying to recover as well as anybody? They had the same issues of every other city. And they also had the if you like the polarized politics because as you know, Georgia is, in fact, politically led by Republican legislature and governor and Atlanta is, as I said, it's been Democrats since, well, going all the way back in time, really, but it's been black Democrat. And they don't agree on a lot of big issues and they certainly had difficulty dealing with the pandemic, having to do with things like masking and when businesses were going to be open in schools and everything else. So every city has had those issues. Probably Atlanta had to contend with a much more difficult political agenda, but Atlanta being Atlanta, it managed to deal with these difficulties and deal with them successfully to the extent that it's a bastion of diversity and will probably continue to be so. I couldn't believe it when they tried to make it illegal to pass out bottles of water to like single mothers and lines to vote. What a mean spirited thing to do, they generate, I think you said two thirds of the GDP for Georgia. Is it possible that Atlanta could pick two thirds of the congressional representatives? No, we're not there yet. We're not there yet. But look, Atlanta was the reason that Georgia, for the first time in 30 years, went for a Democrat in The White House. That's Fulton and the kalp county, those two counties, which account for Atlanta. And it's the reason that the senators from Georgia are also Democrat. And it's the reason that, you know, we see all these stories of companies leaving Illinois to go to Texas and other states, but companies headquartered Atlanta are very happy. I know from the companies I cover Porsche absolutely loves being there, but then they have much bigger, famous corporations that are happy and not leaving, right? Correct. In fact, you mentioned at the outset delta and Home Depot. Those are the two those two companies are the best performing in their global industries. If you look at Delta every which way you look at it, delta is the best airline from a market perspective or investment perspective. In the world. And if you look at Home Depot, look at their sales performance. It's really the same thing. Home Depot does better than any other company. So yes, they're very happy where they are. Happy is a relative term, but yeah, where they're situated is good for them. Particularly because the airport and that's really probably the best part of this is that the Atlanta airport has come out of COVID-19 performing better than any other airport in the world. And the biggest airport in the
Bloomberg Radio New York
"greg jarrett" Discussed on Bloomberg Radio New York
"Are here Bloomberg interactive broker studio We appreciate Greg Jarrett All right the news obviously of the day here we woke up to is this leak that that's now been confirmed by the Supreme Court of a draft ruling as it relates to roe V wade and a that's big in and of itself be it's the whole idea of a leak which I'm just learned today This doesn't happen very often So that in and of itself is news as well June Grasso she knows all of this stuff She's a host of Bloomberg law in Bloomberg opinion She joins us here in Bloomberg interactive broker studio Drew we have kind of two issues here One is roe V wade obviously a huge issue And then the actual leaking of it How did you process this news today You follow the Supreme Court very closely What are your takeaways Well it actually leaked last night so I've been processing it for a while And I just want to say that news just came out that the chief justice has ordered the marshal of the court to conduct an investigation into the leak And he has actually confirmed that the document is authentic There are questions about whether the document was authentic It's very unusual to have a leak from the Supreme Court There have been leaks roe V wade itself was leaked a day before I believe and then the 1800s there were opinions that were leaked ten days before but I don't recall ever a leak in the midst of the justices decision making process a leak of a draft like this I mean this is a leak of a draft that may end up being the final version but may not And likely will not be the final version That's not to say that the 5 justices who are voting to reverse roe V wade will not stick with that But the language and the opinion is very caustic and goes very far and that language may not last I got to talk about what Paul just mentioned in terms of that there is no real precedent for this but I'm in terms of this is the first time a leak is actually happened But I have to ask about a precedent or where the next steps are in terms of an investigation on how this actually went about Will the investigation is going to take place in the Supreme Court in internal process the Marshall is going to investigate And when this happened before it was during the roe V wade where it leaked as I said a day before And the chief justice at that point had you know talked had all the clerks talked to So that would be the first stop I would think No one thinks that Justice League this because they have so much at stake and they trust in their process And they're committed to it But next comes the clerks each of the justice justices have four clerks Is it possible that one of them leaked it Then they're all the people that have access to these documents So they're going to have to talk to all these people to try to pin down where the league came from Now I noticed that Politico said that it was from a person familiar with the deliberations in the case Well that says a lot And it says nothing at the same time So that's the kind of investigation But of course it hasn't happened with the Roberts court or with the court since row So given what we've read today in this draft how likely is it that roe V made will actually be overturned by this court Is there a consensus building that it's more likely than not I don't know that I would predict what actually is going to happen here because a lot can happen now that this has been leaked I mean there are people who are saying that it was leaked by a liberal so that the justices would reconsider their positions There are those who are saying it was leaked by a conservative so that the justices would be set in their positions What has been happening behind the scenes according to reports is that chief justice John Roberts and this came out in the oral arguments was looking for a middle ground And the question really after hearing those arguments was whether they would find a middle ground and reverse parts of role limited or whether they would outright reverse it And there was split opinions about that So now it looks like they are going to outright reverse it but there's always a chance I mean think about what happened in ObamaCare A few days before the decision had been written and the chief justice decided to change to change sides and he wrote the new opinion affirming ObamaCare on that strange kind of theory that he came up with but it was all set It was all down the opinion had been written and he just decided the last minute That can happen and people are pointing to perhaps justice Kavanaugh as possible swing vote So we'll have to see Is it Supreme Court I mean this is justice Roberts Supreme Court Does this impact his reputation for maybe as a manager if nothing else I don't know that it impacts his reputation He is the chief justice And he's one of the justices the justice who's most concerned with the respect that the court carries the traditions of the court And he's tried very hard to be a middle ground so that people don't question the court I mean here you have you know in this opinion they're taking a 50 year old precedent and saying it was wrong from the start and saying you know we're going to reverse the whole thing and throw it back to the states It also calls into question other rights because this is based on privacy So what about the right to interracial marriage The right to gay marriage the right to contraception All these questions in justice Alito in his opinion says oh that's not called into question Well if this is up for grabs then what else is up And I think that that leaves people questioning the court and justice Roberts does not like that He always says the court is not a political institution Well Congress has leaked White House has leaks and now the Supreme Court has leaked June Grasso thank you so much for joining us here June Grasso host of Bloomberg law and Bloomberg opinion joining us here in Bloomberg and actor broker studio giving us the latest on this story of the day Well President Biden just spoke in response to the last nice leak showing the Supreme Court may overturn roe V wade We have those comments now Let's listen in It's been.
Bloomberg Radio New York
"greg jarrett" Discussed on Bloomberg Radio New York
"Greg Jarrett really pushing my buttons today because this is one of the things that's got me super annoyed It's true folks To be fair I was already unhappy about the mid engine Corvette I don't like it at all The C 8 You know Yeah totally A Corvette needs to have an engine in the front And it has to be a V8 But to be fair well to both sides everyone says the C 8 is a much better handling car much better performing car Basically it's a better sports car And I'm sure that the hybrid version of the electric version will have great numbers as well But it just annoys me One of these days when I know what you're talking about it's going to be great Curti and I are actually starting a car show together So potentially Stay tuned It's gonna be awesome Stay tuned for that Let's get right now What are we doing Are we going to Andy marsh plug power Speaking of CEO and president of plug power but it's not It doesn't do what you think it does Andy I bet you a million people think that you are all about EV technology but you're really about hydrogen and fuel cell technology right Tell us outline for us the difference Well I think that great being here I think to make the difference matters And I was separated as B these and B these run on batteries or as the Corvette has a hybrid unit with batteries and a fuel cell runs on hydrogen and plug power with our recent deal with Walmart's going to be generating 20 tons of green hydrogen for them and a kilogram is a thousand ton as one ton and that's about 33 kWh of electricity So we generate hydrogen We provide the fuel cells which make vehicles run like last mile vehicles and class 8 trucks Yeah that's another important difference right You're.
Bloomberg Radio New York
"greg jarrett" Discussed on Bloomberg Radio New York
"Or something like that you always bought BUD because you know people would be drinking beer Those were the two main rules of my investment at the early age That's a Bloomberg business flash Bloomberg markets continues now Mueller and kitty gray feld Wait when you say bud are you talking about weed Budweiser Budweiser Okay We didn't have stocks in cannabis when I was starting to invest You went to jail for that Yeah That is that's not even a joke That's uncool People went to jail for decades for weed back when Greg was a kid I know Fortunately not Greg Jarrett Thank you very much for that Bloomberg business flash Let's bring in let's switch topics completely or at least mostly and talk about the jobs numbers Because we have Richard walquist with us to CEO and president of the American American staffing association Richard tell us first off what you thought about these numbers We're hearing them described as robust It was a miss but still decent especially with the upgrade from last month Hey Matt and Katie I'm encouraged our industry is a coincidence indicator of overall economic well-being but a leading indicator in terms of what's happening with jobs And what we've been seeing over the last 11 months is the economy continues to add jobs as COVID begins to subside and people come back out again We're seeing some of the lagging sectors begin to open back up again And so all in it was a very good jobs report I didn't see that there was an April school that these are supposed to be real numbers but we'll see what it looks like as they adjust them over the next couple of months Something I've been wondering about is at what point does the super high inflation that we've already seen the super high inflation that we're expected to get At what point does that start to underline the labor market It's a good question It's rather complex I think the most important indicator right now for continued demand in the labor market is going to be corporate profits and if corporate profits continue to grow demand will continue to grow for labor We're watching very carefully with the consumer price index numbers look like relative to wage increases across the board But what we continue to see is that we've got way more job openings in America some 11 million jobs that can't be filled can't be filled easily We've got labor supply in balances and one of the ways that employers are attracting talent is quick wages So wages have gone up and we see that they're continuing to go up Are the people that are the people your placing getting higher wages as well Are you playing an active role in that in a sense Sure So the American staffing association represents the companies that are actually on the frontline sourcing talent So the recruiting people into direct higher positions These are so called permanent positions And I'll tell you we have never had more robust demand to fill permanent seats Now having a flexible workforce is an essential strategy So there's also a lot of demand for temporary and contract labor But we see very robust demand across all segments And we're expecting that that will continue How will the return to office trend factor in Companies are still figuring that out There's no playbook around what returns to return to office should look like And so there's a lot of experimentation going on Inside of metropolitan areas where there are a lot of knowledge workers that have been able to work remotely I know that there's been a sentiment that almost everybody's working from home all the time But if you look at the BLS reports over the last several months you'll see that at its peak it may have been as high as 30% of people were working remotely according to the startings data it's down to 10% What those numbers don't indicate though is how much work has shifted to hybrid And I think that that's really where the future of work lies within enhanced flexibility Some people are calling it more fluid work and fluid jobs So it's a combination of time in the office and the time at home And what we're seeing is we're seeing the great reopening of officers all over the United States And most of them are reopening with some sort of a hybrid model What about the people that you're trying to put into these positions especially permanent positions Are they demanding to be able to work from home for a few days a week or are they all willing to go back to the office 5 days a week Yeah so we talked to our recruiters And again the industry sources talent into every occupation in the United States that we've got research scientists at the national Institutes of health and we've got people in finance with law and engineering And it goes down the occupation continuum to the folks that are on the front lines delivering essential services and after disaster strikes We've got the people who are deployed to actually do things like cleaning up lots of work in logistics and supplies And it varies across occupations but generally speaking again almost everyone has unfilled jobs that they're looking to recruit for today And one of the tools in the toolkit is around wages Richard thanks so much for joining us Richard walquist there CEO and president of the American staffing association I'm very sad Why Because I'm losing you I know I do have to run.
Bloomberg Radio New York
"greg jarrett" Discussed on Bloomberg Radio New York
"Her crypto skills flow today Thank you so much Greg Jarrett And it is finally time to talk about crypto We're going to do that with Greg king He's the CEO of Osprey funds They offer access to cryptos such as Solana Bitcoin polkadot you name it via traditional vehicles Greg it's great to have you with us Let's start with the big rebound that we've seen in the crypto space over the past week or so I'm looking at Bitcoin at just a hair below $48,000 per coin How is that translated into flows in your funds Are you seeing cash come in So the Bitcoin fund that we operate is traded on the secondary market under the ticker TC It's similar to the grayscale trust that's been up for a long time It's just at a different price point more less expensive for investors but these products trade a little bit differently than actual Bitcoin because there's a fixed supply So they traded premiums and discounts and in times like this when the price is rallying you can see that discount there for a long time those products traded their premium but over the last year so they've been trading at a discount So it is an interesting opportunity for investors to get a hold of Bitcoin at basically less than face value All right Greg so we are going into a significantly rising interest rate environment Do we have any data to show how crypto performs and that type of environment It's a great question I think the part that we're focused on is real rates right Because unfortunately real rates are pretty severely negative with the inflation numbers we've seen 7 and a half percent and the ten years two and a half And so in those environments the natural comparison of course the Bitcoin for those of us kind of living in that world is the old world version of Bitcoin gold right And I know a lot of people out there are cringing when I say that But the reality is that Bitcoin has established itself as a digital substitute for gold And so we would expect it to behave similarly and negative real interest rate environments are fantastic for gold historically So you are seeing some of that develop in the price of Bitcoin You've also seen a few announcements with I think it started a few weeks ago with The White House putting out the directive to responsibly innovate with digital assets but then more recently there were some announcements by a group in Korea that audience members are not deep into the crypto world that may not have heard of but it's a large stablecoin project called Tara that's buying quite a bit of Bitcoin for its reserves And so you have these new digital asset participants almost acting like miniature central banks and using Bitcoin as their own reserve asset And Greg I want to circle back to a point you made The fact that OB TC you're inaugural product It's trading at a discount similar to the grayscale product GBTC And the way you framed it as you can pick up Bitcoin at a discount the pushback would be that long-term holders of this trust they've really seen their investments erode and they're now they would have been better off holding Bitcoin itself And I'm curious how do you fix the discount if there is a fixed supply of your trust I know that grayscale has been buying back shares of the trust or rather their parent company has Have you considered anything similar We have we have I think that what we're focused on we keep pretty close tabs on the SEC and the regulatory environment I think that's one of the themes you're seeing this year that's constructive You did get the Bitcoin futures ETF approved You've got the Biden White House putting on the directive There seems to be movement that's establishing some amount of clarity on the regulatory side which is all good for the prospects of something like a Bitcoin ETF And so our focus would be to convert our fund to an ETF when that's possible And at that point we'd expect it to trade in line with fair value By the way your comment earlier I think is totally dependent on when investors came in to either our product or other people's product So it's really everybody's got their own story in terms of when they came in And when they came out But it's an unfortunate situation in the sense that the regulatory environment has just taken I mean you had the winklevoss twins filing for the first Bitcoin ETF in 2013 And I mean given that we have been waiting so long we did get movement in October we got that derivatives back Bitcoin fund that didn't seem to be the Holy Grail that the crypto industry was waiting for though When do you think we could see movement and an approval of a physically backed Bitcoin ETF Well a couple of your own analysts wrote an article the other day about the SEC's proposal to expand the definition of the word exchange and some of the regulation This could open up the possibility for an ETF sooner Rather than later however when I say sooner in SEC speak that's a year ish or more I'm not sure personally that mister gensler is very keen on the idea of a spot Bitcoin ETF He seems to have gotten comfortable with the idea of futures based obviously But primarily that's because the futures are regulated instruments for as Bitcoin itself is not So the definition of the word exchange being expanded could capture like a coinbase and therefore the trading of Bitcoin on that exchange would by definition become regulated trading and so on and so forth So it would be a step in that direction but I still think there are other factors consider the main one is Bitcoin trade so much offshore And that's just really not something that they can observe directly All right Great king thank you so much for joining us Always like chatting getting the update.
Bloomberg Radio New York
"greg jarrett" Discussed on Bloomberg Radio New York
"Hour we're going to check in with David dietz managing principal and senior portfolio strategist at gladstone bank at his thoughts on these markets And then we're going to take a look at the Russia Ukraine work and do it from the military perspective should be fascinating First let's go to Greg Jarrett however and get a Bloomberg business plan Great What do you have Overextending our gains at this time all those stocks are starting to waver just a little bit Paul We'll take a closer look in just a moment We had assessing assessments of the resilience of economic recovery against the threats of rising rates inflation and of course the impact of the war in Ukraine Let's take a look at these numbers which are off earlier highs The S&P is now up four tenths of a percent up 17 the Dow's up a half a percent up a 153 in the NASDAQ is actually down a tenth of a percent down 11 The ten years down 1530 seconds with the yield of 2.34% West Texas intermediate crude oil is down 1.8% at a $112 84 cents a barrel Comics gold is at 1.4% in 1969 20 an ounce The dollar yen is at one 21 93 the Euro a dollar 9 82 in the pound dollar 31 78 U.S. business activity advanced to an 8 month high in early March as fewer COVID-19 restrictions and less severe supply chain disruptions supported demand and production The S&P Global flash U.S. composite purchasing managers index while it's mouthful Formerly known as the IHS market PMI increased 2.6 points to 58.5 That's a Bloomberg business flash Bloomberg markets continues now Paul Sweeney and Matt Miller All right great Jared.
Bloomberg Radio New York
"greg jarrett" Discussed on Bloomberg Radio New York
"Markets All right coming up it is fed day We're going to get a preview in this half hour from Jennifer Lee senior economist and managing director with BMO capital markets Plus a lot of news flow coming out of China as it relates to the regulations of financial markets and companies And we have China news I say let's get the leading voice in all things China That would be Leland Miller CEO I'm trying to base international He's going to join us to give us the latest from trying to but first Let's go to Greg Jarrett and Getty Bloomberg business flash Great Just got a hot headline here Paul crude oil inventories are up 4.35 million barrels according to the EIA and West Texas intermediate is down about 1.3% more on that coming up It's stocks are up after the Kremlin hinted that progress in peace talks with Ukraine adding to positive sentiment stoked by China's vow to stabilize its markets treasuries in the dollar retreated before the Federal Reserve policy decision today which you will hear here on Bloomberg radio S&P 500 is up 1.9% of 80,000 up 1.4% of 457 NASDAQ's up 2.9% of 376 the ten year is down 8 30 seconds The yield 2.17% West Texas intermediate is now down 1.3% at 95 17 a barrel comics gold is down 1.1% in 1909 20 announced the dollar Ann one 1832 the Euro A dollar ten 25 the British found the dollar 31 O 8 Starbucks says CEO Kevin Johnson plans to retire next month and chairman emeritus Howard Schultz will return his interim CEO retaking the range of the company he grew from a local coffee roaster into global phenomenon Almost 8% now Starbucks stock That is a Bloomberg business flash Bloomberg markets continues now Paul Sweeney And Matt Miller All right Greg.
Bloomberg Radio New York
"greg jarrett" Discussed on Bloomberg Radio New York
"Greg Jarrett Greg thanks so much for the Bloomberg business flash I want to get straight back to markets here The volatility has been really I don't want to say unprecedented but it's been unique certainly And it's come through commodity from commodities through rates into stocks And right now we're going to talk to somebody who has to put his money where his mouth is Phil Columbo is the CEO of Columbo wealth management How do you deal with this kind of situation Phil How do your clients deal with this kind of volatility Well first I think you have to put it on the table that we could bank on a recession at the end of 22 if not the beginning of 2023 The way I look at it is that the binary decision for the fed it's either he's going to let inflation run or he's going to have to step in and raise interest rates Aggressively and he doesn't want to do both which tells me that it's going to be a hard landing versus a soft landing which is going to create increased volatility and eventually put us into a recession And so how do you invest around that Given that there are so many uncertainties I mean it feels like a 50 basis point hike next week has been all but ruled out But where the fed goes from there is still a question like Matt was saying earlier I think there's still 6 hikes or so priced into the next year but again 7 7 So look at where W IRP go on your Bloomberg terminal I spent a lot of time on that page just staring at the numbers not quite sure what to make of it but each number represents a 25 base basis hike Basis point hike Okay Okay So point being there that there's still 7 hikes priced in but you have started to see some chatter that those bets could be paired back How do you position your portfolio around that Those vegetables will be paired back The fed's not going to be able to raise rates 7 times We'll be in a recession before that happens So in the meantime I've been very vocal about this When I was on your show too In 2021 evaluations were aggressively high whether it's the high flying technology the technology sector or even just the S&P 500 those were opportunities to reduce risk and rebound portfolios So if you're a fully invested investor and you've been over the past three plus years you actually performed well prior to 2022 If you didn't take risk off the table any type of big run ups in the markets like we saw yesterday which will happen During these situations you should reduce risk when you portfolio That's number one Number two you should be looking at hedge equity strategies within your equity portfolio to protect you on the downside Three is you should have gold and you should have commodities which have been always very vocal with that within a balanced portfolio gold and commodities when inflation accelerates those really well and history going back to 1968 proves that and gold is a hedge against stocks going down So if you're truly balanced properly which most people are not this is the things that you can be doing to help count the balance risk When we do enter into a recession at some point at the end of 2022 in the beginning of 23 So what you're saying we're now in an environment where you want to sell the rallies rather than by the dip Absolutely You sell the rip and you don't buy the dip in this environment However the only thing I will say though is that for new money which have a lot of clients at school businesses and have new capital this is the best time to come into new money right Because you get the opportunity to be able to build out a portfolio when you got valuations that are declining year right So this is going to be a great opportunity by stocks of great businesses At a cheaper level so for new money it's excellent For fully invested investors you're going to be in for some pain Again hopefully did some rebalancing in 2021 And you have a properly balanced portfolio to help you muscle through this Can we talk about the yield curve a little bit because I'm looking at the twos ten spread It got below 20 basis points Earlier this week a few banks or at least one bank has suggested it could invert in the next week or so How much of a signal are you taking from that Tremendous amount of signals So green Spain always said tell me where the tenure is and I'll tell you where the economy is going I say tell me where the yield curve is I'll tell you where the economy is going The yield curve is flat it continues to flatten out around 23 basis points The two is intense That is going to invert Somebody on TV just yelled they just said if they invert this time it's different we're not going to go with the recession I think that's ridiculous The track record is a 100% accurate And then if you take that and you put on top of that 40 year high inflation data a Federal Reserve that's going to have to raise interest rates we're coming off extreme valuations before 2022 When you put it all together and connect the dots I.
Bloomberg Radio New York
"greg jarrett" Discussed on Bloomberg Radio New York
"Much for that Greg Jarrett I'm a little bit out of sorts right now because someone from the band fish just posted a picture of my adorable daughter on his Instagram account It was very cool But that is neither here nor there Ah have you gotten your fish tickets They're coming to the garden on four 20 I am very overwhelmed by how much there is going on in New York City So we'll join you there next time Add this to your list April 20th They start a four day run at the garden and I've also got my Jones beach ticket which I'm excited about for this summer But yeah let's get back to what's going on today What's going on now We're seeing an incredible rise in the price of oil That in turn is hitting risk assets equity indexes are down Money is flooding into havens like the dollar like treasuries like gold although actually right now we see a little bit of selling in a ten year one 75 97 And we're just watching out for supply chain problems for the possibility of a default finale was bringing this up to me during the commercial break We've Bloomberg has written a lot of stories about the possibility of Russian default We haven't really been talking about it And how people get paid back if they get paid back Today now people get paid back What are you going to do with rubles If that's what you get So there's a lot to talk about Also I want to focus in on tech Knowledge with a leading global provider of IT solutions solutions to the automotive retail and adjacent industry CDK global Joe talc is joins us COO and executive vice president I know it's a difficult one to pronounce Joe did I get it wrong It is No you got to write the second time It's a very difficult one All right all right I'm sorry Well in any case what is your industry having to do right now as this war seems to upend life for all of us everyday people In terms of prices especially but also the supply chain How is it affecting CDK Yeah it is incredible I mean just background on what we do we are the technology at the center and the software that runs roughly half of automotive dealerships around selling cars and servicing cars and it's a difficult time as you described in the world right now and just the supply chain challenges with the chip shortage and not with what's going on in Ukraine and some factories out there that supported vehicle production certainly an interesting time and well we're really focused is just partnering with dealers and OEMs around helping them really bring the inventory that's out there to market whether it's new car inventory used car inventory and being able to really enable it with technology consumer experience Which show by the way we're at a turning point now that reminds me of when I was in college and this was the late 90s I remember when my first friend told me he got his airplane ticket via email and I was like that's crazy dude Don't they have to send it to you in the mail or you go get it from travel I know but my point is that was a shift from which we've never come back And obviously now that's the only way you get your tickets or you fly You've got an app for that There's a website There's no paper ticket use until you get to the counter maybe Is automotive changing that way now Are we at that kind of turning point because up until you know pre-pandemic you went to your dealership Maybe you've built your car and a configurator but you had to go in and talk to the sales guy And I've noticed now it's becoming a much more automated and Internet based experience It's funny Matt I have the same experience you had from the 90s and you're absolutely right The pandemic has accelerated just that buying experience in where we're really positioned well is just bringing that entire software suite to make it an Amazon like buying experience for the car and right now we're in Vegas at the national dealers association and annual show and that's the focus How do you create that modern consumer buying experience Well you know what's interesting too I'm thinking about car prices obviously because people who are trying to buy a car has found it have found it very difficult in the last year Inventory and prices There's nothing out there And when you find it it's priced above MSRP And when you think about the markets I think about Kathy wood who looks very closely at that mannheim used car index That mannheim index which has declined just a little bit But it's interesting If you look at the website they say people are using their tax refunds to buy cars or to add towards their car purchase How are you seeing the next couple of months ahead in terms of the availability given all the inflation pressures we see given given all the troubles we're seeing out there And that's a good question Yeah good question Sally thanks and I would tell you I don't see it easy I think it's still going to be just when you look at supply chain challenges and on top of what's going on like we opened up with the Ukraine I think it's tight supply and I think right now dealers are doing their best to source inventory from all places possible but certainly I think some of the pressure was continued to be there All right so what we're seeing right now is kind of an anomaly in terms of used car prices But you could traditionally see prices come off a little bit after you buy your asset depreciate a little bit I wonder if that changes with EVs Yeah it's a good question I mean EV is the other hot topic right I mean just explosion around amount of vehicles and platforms are coming to market And it certainly is very different dynamic right When you look at the car and just the value and cost of a battery and you compare it to the likes of a cell phone and just how does that age and the value it's really very different I think than your traditional internal combustion vehicle Joe thanks so much for joining us Joe tauch is there as he says convention in Vegas He's the.
Bloomberg Radio New York
"greg jarrett" Discussed on Bloomberg Radio New York
"Thank you very much Greg Jarrett there with your Bloomberg business flash I'm looking at the S&P right now Now I'm breaking it down by industry group You've got to look at it SPX L one or L two or L three It's kind of a pain You don't have to do that with the stock 600 But I'll look at it level one I'm trying to see how chips have done I guess you've got to break it down to info tech I suppose I could just look at the socks index right Is that the Philly socks index to see how chips have done in terms of semiconductors or I could look at the iShares ETF to see how they've done year to date because we've been talking about the supply chain problem and ship shortage for so long But the industry has lost a lot of market cap since 2022 began Let's bring in Lincoln Clark to talk about what's going on and why he's a partner at KPMG but he's also the global leader of their semiconductor practice Lincoln thanks so much for joining us How is the semiconductor industry fairing right now There's such as we all have discovered such a crucial part of the manufacturing process for almost everything that we buy and use But they haven't been rallying this year Good morning Matt Thank you for making some time And yeah the semiconductor industry you're right If you were talking about the socks tracker there certainly some market cap has been taken out of it But we undertook a survey of semiconductor executives in the fourth quarter So October November last year looking out to 2022 And that confidence is at an all time high We're focused on not just revenue growth but CAPEX headcount R&D and profitability So notwithstanding the market cap changes that you're referring to there the executives themselves are very very positive This is a great point and I don't know if you've seen it yet but Matt Winkler or editor in chief emeritus wrote an opinion piece This morning about C suite confidence basically the CEOs of companies not just in semiconductors but across the S&P 500 are really optimistic for future growth really optimistic for profits adding more employees than they have at any time over the last decade Is the semiconductor industry ramping up the same way I mean we've seen so many CAPEX reports in terms of investment Are they hiring people Are they bringing production back home Well we've been doing this confidence index for 17 years with the global semiconductor alliance and the confidence that they exhibited in 2022 was the highest it's been If you think about the drivers that behind the semiconductors you mentioned it's become very visible to everybody that semiconductors are in pretty much everything that might impact our work life personal life But the drivers of that a lot of businesses are going from work from home to now a hybrid of work from office hand home that's going to drive demand for relooking at the office infrastructure Cloud and digitization continues And then automotive which has become I think very visible and industrial they still have a desperately seeking semiconductors mentality I think And then you have your wireless 5G and gaming that continues Profitability I think is going to be a little bit more stressed this year as our survey would say that 34% of our executives think their revenue is growing to grow over 20% but nearly 70% say that they think the profitability might only grow in the sort of one to 10% So some of the costs of production logistics transportation that's playing through a little bit on profitability But top line very very confident high growth I mean how does this global geopolitical story really play into things here It just sounds like a lot of these executives are speaking Before Russia's invasion of Ukraine so now Ali thank you The pandemic and some of the geopolitical pieces of the semiconductor industry have been going on for a period of time So I think executives have had that in the back of the mind as the setting strategy clearly the situation of the last two and a half weeks or so here just creates and continues to create more uncertainty Just going to exacerbate the supply chain issues that the semiconductor and many of the industries to be fair are going to face Having said that Lincoln how important is how important are Russia and Ukraine to semiconductor production I mean do they supply wafers silicon anything that you need Russia doesn't have any substantial or Ukraine any substantial leading edge weight for capacity There are some core elements though that filter into 70 production and you've probably seen some discussion around palladium for example But at an all time high As I said yes so that's reacting a little bit So conduct a company I had supplier in that neighborhood as a fair source Obviously the second and third sources that I think will be driving a lot of procurement activity right now Lincoln great to get some time with you Thanks so much for joining us on such an important issue Lincoln Clark is a partner at KPMG He is also KPMG's global leader of the semiconductor practice So well positioned to talk about what's going on in terms of chips In today's market we're looking at semiconductor companies For example Intel right now which has had a rough year actually gaining So bucking the trend the downtrend of today's market up just about a third of 1% at $48 and 25 cents a share The S&P right now down more than 1% one and a third.
Bloomberg Radio New York
"greg jarrett" Discussed on Bloomberg Radio New York
"A Bloomberg money minute High flying fake meat sales are flagging so a massive effort is underway not only to prop them up but accelerate them The move is now on to use non meat meat in prepared and frozen meals like pizza pizza Nestlé's fake meat lines sweet earth now tops pizzas not only under its own brand but also as an ingredient for the company's digiorno and California pizza kitchen lines like impossible meat likes to admit We love meat But until recently you had to cook that fake meat Bloomberg's Deena Shanker says three things attract consumers to a food product Food is chosen because it is tasty It fits in your budget and it is convenient To that end impossible's beef substitute is now in butoni ravioli while you'll find beyond meat sausage on bonza pizza There's a frozen microwaveable breakfast sandwich made with field roasts faux sausage Monday Nissan CEO Henry sos Santos says the market is valuable Currently less than 1% to become 10% in the next ten years Greg Jarrett Bloomberg radio And JIT New Jersey institute of technology makes innovation happen The university helped biomedical engineering professor Tara Alvarez launch a startup that may revolutionize vision therapy Our startup through NG it is called ocular motor technology We create virtual reality vision therapy in a head mounted display So it's gaming and basically sugarcoating the therapy so that children and young adolescents don't even realize they're doing therapy To accomplish this we need biomedical engineers which are here in on GIT campus a computer scientist artists people that are into story development and then we are collaborating with a lot of the large pediatric medical centers This idea of a startup culture is extremely important to not just nj and the national science foundation but also to the U.S. as a societal hole And JIT New Jersey institute of technology learn more at nj IT dot EDU The balance of power It's always shifting Markets have been reacting all day to the Russian invasion of Ukraine What about breaking up build back better Is that realistic Track each transformation with Bloomberg's David Weston The tug of war between inflation and rate hikes from politics to business From markets to medicine Where are we in testing and where do we need to be.
The Dan Bongino Show
Sara Carter: Some Sources Suspected Spying Back in 2019
"And you know there's this small circle of us who followed this case very closely You John Solomon Greg Jarrett you know Jeff Carlson You know I can think of a cash was one of the investigators and forgive me if I'm leaving anyone else not intentional I mean Mark Levin who broke the story originally about the fisa born in many respects into the mainstream But this was new Sarah this allegation here that the Clinton team gained access to DNS or web search data from Trump Tower the Trump residents and possibly the Trump White House We know V White House but possibly the Trump White House did you know anything about this because cash didn't and I didn't which says to me there's a source talking to dorm right now There are sources talking to Dora I'm going to tell you what I've wanted to say for a long time There is there are sources that contended and I going way back to 2019 I had to go through all of my notes and all of the folks that I talked with Dan because as you know we had so much information coming our way and you had to sift through it to make sure was this verified Is this accurate How do you know this I know you did that I know why I did that every time we came forward with something or every time we talked about something we had to verify it through multiple sources Back in 2019 I had been told that there were people within our government people within the NSA and people that were connected to it That had suspicions that there was traffic being monitored coming out of Trump Tower I didn't know about The White House Trump
Bloomberg Radio New York
"greg jarrett" Discussed on Bloomberg Radio New York
"Are the ships still anchored off the coast of LA or were they getting them through So we'll talk about the supply chain issues which are such a key issue But first let's go to Greg Jarrett and getting Bloomberg business flesh Greg what do you have Still in the red ball but not quite by as much as we were earlier Stocks are slumping bonds rally the dollar is rallying as well The geopolitical concerns and his investors are bracing for the Federal Reserve to reiterate its hockey policy tilt this week A koku agbo blew a credit switch toes Bloomberg one of the sources for persistent inflation could come from what he calls good intentions Which is that patient predicted to all the commodities designed for or needed for the individual transition is likely to be a theme for this year So think about proper lithium aluminum cobalt et cetera or even fossil fuel and energy because there's less and less supply of these promoters because of environmental issues Let's check these markets the S&P is down 2.4% now down a 104 the Dow is down 1.8% down 617 and the NASDAQ's down 2.8% down 382 The ten years up ten 30 seconds the other 1.72% West Texas intermediate Cruz down two and a half percent at 88 $3 a barrel Gold is down as a tenth of a percent At 1836 90 an ounce that Ariana one 1393 the Euro dollar 1309 pound dollar 34 62 Citigroup's staffers and the New York City region and Credit Suisse group workers across the U.S. are being urged to return to offices early next month as coronavirus cases start to recede Citigroup employees in New York New Jersey Connecticut harassment prepared to come back in by February 7th That is a Bloomberg business flash Bloomberg markets continues now Paul swinging and Mac Miller All right Greg.
Bloomberg Radio New York
"greg jarrett" Discussed on Bloomberg Radio New York
"Markets All right come up in this half hour We're going to check in with some executive C suite leaders one Verizon two general manager of automotive We're going to talk about supply chain We'll talk about inflation I'm going to talk about the future of growth as we come out Hopefully on the other side of this pandemic but right now let's go to Greg Jarrett of Bloomberg news and get a Bloomberg business flash Yep it's still a slide the NASDAQ is down over two and a quarter percent while treasury ten years jumped to 1.8% that's the yield Lululemon sank as the maker of yoga pants said o'clock is constraining its operations toward holdings plunged after the plus sized women's clothing retailer cut its sales forecast as the variant caused disruptions to its workforce Markets are pricing in three rate hikes from the fed this year but the Central Bank will likely need to do more of that according to Bloomberg opinion columnist and former New York fed president Bill Dudley I think they should go faster than what's priced into the market I mean obviously it's going to depend a bit on how the economy But my best guess is you know they need to do at least four or 5 rate heights this year And I want you to strike me at all if we get into an every meeting time the cycle at some point Deadly on Bloomberg surveillance S&P is down 1.6% now That's down 76 The Dow is down 1.3% down 468 in the NASDAQ is down 2.2% down 333 Ten years down 9 30 seconds well the yield is now up to 1.92% West Texas intermediate crude is down three tenths of a percent of 78 71 a barrel comics gold is down a tenth of a percent of 1795 ten announced the dollar yen one 1531 the Euro dollar 13 town the British pound $1 35 48 Yep you heard me right I just double checked myself The ten year yield is now 1.79% Where did I get that other number That's 1.79% That is a Bloomberg business flash Bloomberg markets continues now Matt Miller and Paul Sweeney All right Greg Jerry thank you so much We appreciate that Let's get right to our next guest Sampath showed me Orion chief revenue officer from Verizon joins a sympathy so much for joining us here Huge global company Verizon business consumer How has your business changed in the last two years Good morning everyone Look it's been a good time for us as networks become even more important as people work from home remote workers more prevalent networks and what we offer become really important And for us it's also where we are launching 5G we are right now at the cost of kind of a second phase of the 5G era where we turn on our C band network in a few weeks time So it's just a great time to be in this business So you are the chief revenue officer I don't know how deep into the tech you are but you have to have some view on the safety of 5G all of a sudden for the first time last week I'm hearing that it's capable of messing with airplanes altitude sensors and maybe you would make landing dangerous To me it's pretty binary Either it's dangerous or it's not What's the deal It's not dangerous Look safety is our utmost important to us and it's kind of number one in what we do All we've there are 40 countries around the world that have 5G networks in the same C band that we operate in planes take off planes land there really well One of the countries is France American planes go in and get out there What we are proposing is kind of a similar approach to what's there in France where we kind of have an exclusionary zone just outside the airport where we have lower power levels So there's no interference that way we give the FA and the FCC's 6 months to work this out But we feel very confident and we just can't wait to launch the network I mean even if you didn't have that same path what if you had the strongest most powerful 5G signals right up the tower Would it interfere with aren't the bandwidths different Isn't there someone who made sure that this is a different part of the frequency before they sold you this bundle Yeah exactly Look we spent $53 billion for it And the laws of physics are the same Either in the United States or in France or any of the other countries In fact in the U.S. the God band are kind of the protection band between the spectrum we use and then the spectrum the airlines is one of the largest in the world So there are two different spectrums We have a very large guard band and with us lowering power levels and other technical things around airports We see absolutely no risk So it gives a sense at Verizon Again a huge company Managing through the pandemic How has Verizon done a house of horizon adaptive A couple of things One we have to balance out four of our stakeholders whether it's employees customer shareholders and broader society So just having that balance has been a good framework for us to get through Second is the personal safety is important.
Bloomberg Radio New York
"greg jarrett" Discussed on Bloomberg Radio New York
"Still in the red stocks come off session lows amid a sell off in big tech shares investors were assessing a mixed hiring report for clues on the strength of the economy and the Federal Reserve's next policy moves treasuries are down The S&P is down just less than a tenth of a percent down three The Dow is up three density percent up a hundred and the NASDAQ's down a half a percent down 73 The ten year is down 1730 seconds the yield 1.78% West Texas intermediate crude down 8 tenths of a percent of 78 84 barrel with comics gold up two tenths of a percent At 1792 50 an ounce of valerian one 1564 the Euro dollar 1352 the pound $1 35 76 silver right now is up two tenths of a percent That's a Bloomberg business flash on Greg Jarrett now more balance of power with David Weston on Bloomberg radio This is balance of power on Bloomberg television and radio I'm David Weston Yesterday was the first anniversary of the storming of the capitol by a mob of Trump supporters With President Biden using the occasion to call once again for comprehensive federal legislation to protect the right to vote right across the country Welcome now one of the champions of the pending legislation He's represented Jim Clyburn of South Carolina the House majority whip So congressman thank you so much for being back with this appreciated We did hear President Biden speak once again about voting reform something I know you feel very strongly about Explain why the storming of the capitol a year ago yesterday makes it so important to have that kind of reform Well thank you very much for having me I think to begin what if we have to understand that what happened on 10,006 2021 did not start on that day And we saw from the beginning of the past administration it pretests being developed early on I made the statement way back when the former president first addressed a joint session of the Congress That did not think he was planning to ever give up the office I thought then that autophagy was on his agenda And I said so I'm one of the other networks A lot of people took me to task for saying that But now I see that people on the house saying that the same dictator that I lack at him too Mussolini is being applied to him time and time again And so it needs that in order for that to happen You take away the right of people to vote You suppress those rights and you sit in motion notification processes and that's exactly what's happened down in Georgia And not only are they making it hard for people to even register they make it hard for them to vote saying you can not give a person a bottle of water while standing in line to vote What is that And then putting in place and committed that will have the authority to nullify the vote when you don't like the outcome That's autocracy That is the beginning of the ending of this democracy So I think very strongly that we need to pass these two pieces of legislation And let me say this about one of them I know that senator Manchin who I know very well I mean I regard the match and see him to feel that unless it is by a partisan it's not worth doing History says otherwise the 5th of the amendment to the United States Constitution was give blacks the right to vote passed on a party line vote So imagine believe that because that Bill that did not pass in the bad part of the win it should not have happened No and I think the best where we are now And that's why Joe Biden is going down to Atlanta and what better place than John Lewis's hometown and I think he will be speaking at John Lewis's home church and to lay out his commitment to voting rights So it's clear you feel very strongly with this By the way a lot of Americans feel strongly about this issue of voting reform At the same time it's hard right now from the outside at least to see how it gets passed What about some alternatives There are some people up on Capitol Hill proposing some amendments that law going back to 1887 the electoral count vote that would vote count that would actually make improvements wouldn't take care of all your problems Is that a good thing Is that a plan B or could it take some of the attention and the initiative away on the main acts that you're pursuing Well let me say this You know we had decided that the United States of America should never had this full 5th and credit threatened a filibuster do that That's why we put in process This thing called reconciliation That you can pass the budget with a simple majority and I have said to a long time now that the word reconciliation the root word of which is reconcile is much better applied to constitutional issues than budgetary issues And so I have never asked that the filibuster be done away with it I've asked that to Filippo about to not be applied to constitutional issues that like voting Because you ought not to be able to filibuster somebody's constitutional rights And so there are a lot of things that can be done to sit downtown in the spa somewhere and fall in an opposition to my voting rights and never have to go to.
Bloomberg Radio New York
"greg jarrett" Discussed on Bloomberg Radio New York
"Stocks are still up but not as high as they were about 15 minutes ago the rebound comes after the biggest back back sell off since October treasuries are retreating Let's look at these numbers The S&P is now up a half a percent of 21 The Dow is up 1% up 333 and the NASDAQ is actually down now down four tenths of a percent down 63 The ten years down 7 30 seconds the 1.42% West Texas intermediate crude oil has reversed course It is back in the green up 8 tenths of a percent at 66 O 8 a barrel Collect skulls down 9 tenths of a percentage 1768 40 an ounce The dollar yen one 1289 a Euro about 1321 the British founded 33 18 Terraform labs Luna token is climbing into the ranks of the largest cryptocurrencies amid changes and how the coin is used there It's blockchain payments network and optimism about the potential for decentralized applications Let us jump about 60% in the past 7 days Why don't we take a look at Bitcoin Down over 1% at 56,429 per That is a Bloomberg business flash Bloomberg markets continues I'm Greg Jarrett This is the big take the best of Bloomberg's in depth original reporting from around the globe We're running on a financial system that's running on old technology We're seeing high prices reach fresh record highs What unfolds in midterms We will no doubt see again in the next presidential election The big take on Bloomberg radio All right our big take story today talks about wage inflation but wage inflation on Wall.
Bloomberg Radio New York
"greg jarrett" Discussed on Bloomberg Radio New York
"Out there We've not seen any real slowdown in demand what we've seen is a port fuel surplus rundown That's Picture for next year We'll see more volatility and people are trying to come up with rational for how long it takes But I don't think it's the long-term negative Right Hey Tom thanks so much for joining us really appreciate it Tom stringfellow chief investment strategist at argent trust company from San Antonio Texas home of USAA the former home of clear channel communications one time the largest radio operator back in the day spent a lot of time in San Antonio Believe it's the home of Greg Jarrett Great carrots got It's the burner It's the birth home of Greg Jarrett Yeah I can't keep track I need the book I'm waiting for the book to come out I mean there's just so much going on with that guy So we'll see here But again Tom Springfield another one of those folks that says you know we got a little bit more room left to go in this market I know that wall of worry out there is definitely real and there's a lot of meaningful bricks in that wall of worry whether it's inflation or the fed or some of these supply chain bottlenecks But the stocks keep moving higher and again we've got green on the screen Here today All right we're going to more coming up Again the S&P up 17 the Dow up one 22 36,000 on the Dow 4630 on the S&P Right now let's head down to the.
Bloomberg Radio New York
"greg jarrett" Discussed on Bloomberg Radio New York
"Very much Greg Jarrett there with your Bloomberg business flash Now let's get over to Janelle Woodward president of Mackay shields They have a $162 billion in assets under management and I think it's interesting you have tested some market correction scenarios all of which don't seem terribly unlikely a resurgence of the virus persistence of inflation credit problems in China What's your biggest concern What's the biggest headwind Yes sure I think that's a great point I mean I think if we look back over the third quarter those scenarios we tested and we saw some volatility of the market but really we saw investors continue to engage in sponsor risk assets So it gives us some confidence as we see some headline related noise that investors are going to continue to stay engaged But to your question what are we watching Certainly right now we're watching inflation data we're watching rates and we're watching the fed as we look forward to really how will we expect markets to unfold over the balance of 21 and into 22 So I'm actually a big believer in the wall of worrier I'm a natural warrior Janelle given that how should I be thinking about these markets What are you guys doing in terms of positioning your portfolios here given what we do know about all those macro issues you just mentioned Yeah I think what we're really thoughtful about is creating flexibility and optionality And I think one of the things that matters right now a lot is liquidity Both as we think about the unknowns the market as you rightly highlight but also appreciate that markets continue to trade to trade pretty well But we want to make sure that we have liquidity for adapt to take advantage of volatility as it presents itself I think structurally when it comes to fixed income we're looking for some inflation protection structures and portfolios staying a little bit shorter interest rates But we do remain fundamentally constructive and we think that there are still significant opportunity in credit markets in particular Where in credit markets yeah I think some areas that we're really focused on is on the consumer side The housing side and we still think there are some select albeit less opportunities in some of the COVID recovery sectors So some of those are some areas that we're focused on as we kind of construct portfolios but we certainly do appreciate when we step back and look at aggregate spreads and what things look like that markets are certainly not as cheap as they were several months ago All right given that valuation concerning which I think a lot of people certainly have it makes this earnings period that we're really starting to get into the teeth of right now this week all that more important for many investors What are you looking for from these earning reports We had the financials last week pretty strong numbers across the board What are you looking for going forward Yes I think I'd highlight two things that we're looking for The first things we really are watching the margin story And this ties back to the earlier conversation on inflation on how supply chain pressures and energy price pressures in particular are really slowly through earnings statements and to what extent those are not being passed on to the end customer I think the other thing that we're watching from a fixed income perspective is really thinking about balance sheets The strength of corporate balance sheet has been really important for the overall credit sector to weather this period And now we're at the point of time where we're looking How are entities redeploying cash and are they doing it in a way that is supportive of both long-term business trends but also favorable to creditors What how much return can you expect to be from real focus on ESG I mean do you give up some return in order to do the right thing or can you still make as much money as you want to and not invest in big ESG centers It's a great question especially if we think about credit markets through that lens and recognize who issues in those markets and what does it look like And I will say going back to portfolios we are seeing a broadening of what it means of fiduciary duty and what it looks like and how do we think about materiality specifically within fixed income portfolios and something we're very thoughtful about I think the academic studies have been mixed and are still evolving in terms of this potential tradeoff between returns and ESG factors which really interesting we've recently worked with external consulting firm to do as survey of some of our institutional clients And we're seeing that that begin to shift We're seeing that investors actually believe you can get both And on a risk adjusted basis investors are better off or at least positioned the same to include ESG factors within their investment mandates And that was something that really stood out to us Do you know one of the issues I hear about ESG investing is the data is just not great to help me make a decision here like for traditional financial analysis My income statement balance sheet cash flow statement But nothing comparable in terms of breadth and depth on the ESG side how do you guys think about that It's a great point And something we ask ourselves every day we've been investing a lot in our ESG data architecture and making sure that we get that in and the truth is the data is still very much evolving One of the things we're looking for is really looking for more guidance from regulators in terms of providing clarity on terms and definitions and objectives to bring some better clarity to some of these data points So we've been really thoughtful on what we've seen to be material to date but make sure that we're continuing to build that out and think about it and not be too prescriptive as we.
Bloomberg Daybreak
What Coronavirus Restrictions Look Like Across the US
"Barton now here's Amy Morris and I were Bloomberg ninety nine one Washington news for Michael DC government is modifying its operations starting today the mayor also ordered all night clubs closed in restaurants are to restrict seating Maryland lawmakers say Dale and the state's legislative session early they'll reconvene in a special session in the last week of may the governor has also ordered all casinos and racetracks closed Virginia governor Ralph Northam has banned all public gatherings of more than one hundred people statewide on maybe Morris now here's Courtney Donahoe inner Bloomberg one of six one Boston news room aiming their Marty Walsh's declaring a health emergency and enacting sweeping restrictions on bars and restaurants in Boston they're gonna be required to reduce capacity fifty percent which means that after move tables and chairs to reflect the reducing capacity to follow the guidelines on social distancing Massachusetts governor Charlie Baker's closing schools for three weeks and restricting restaurants to take out and delivery the state is lowering the threshold for public gatherings to no more than twenty five Courtney Donahoe now here's Greg Jarrett and R. Bloomberg nine sixty San Francisco newsroom California's governors ordered bars and wineries to latch the door restaurants may stay open but have to cut occupancy and have anyone over sixty five has been told by the governor stay home LA reports of police officers tested positive and traffic jams no longer exist in Seattle face to face government services were shutting down in Oregon ski areas are shut down and Newport Oregon police bank citizens don't call nine one one because you're out of toilet paper in San Francisco Gregg Jarrett Bloomberg
Masters in Business
Private equity firms win over Scout24 with improved $6.4 billion bid
"Germany's scout twenty four received a five and a half billion dollar boost from to US private equity firms as it battles Axel Springer and EBay for dominance of Europe's online classifieds Marquette. Bloomberg's Greg Jarrett reports the Sweden forty six year old share bid from Hellman and Friedman and Blackstone group which gives scout twenty four and equity value of four point nine billion euros will help the company better challenge rivals and grow across Europe. This according to scout twenty four chief executive officer
Bloomberg Daybreak Weekend
Scout24 Gets $5.5 Billion Boost to Rival Axel Springer, EBay
"Germany's scout twenty four received a five and a half billion dollar boost from to US private equity firms as it battles Axel Springer and EBay for dominance of Europe's online classifieds market. Bloomberg's Greg Jarrett reports the sweeten forty six year share bid from Hellman and Friedman and Blackstone group which gives scout twenty four and equity value of four point nine billion euros will help the company better challenge rivals and grow across Europe. This according to scout twenty four chief executive officer Tobias Hartmann, Greg Jarrett, Bloomberg radio
C-SPAN2 Book TV
President Trump, Janine Piero And Hillary Clinton discussed on C-SPAN2 Book TV
"In his book back in the game. Economists Stephen Moore and Arthur Laffer detail, President Trump's America first economic plan in Trump annex, former secret service agent and NYPD police officer, Dan Bongino, explores the alleged interference of the Obama administration and Clinton campaign in Donald Trump's 2016 campaign and President Trump also tweeted about Greg Jarrett book the Russia hoax the illicit scheme to clear, Hillary Clinton and frame. Donald trump. Judge Janine Piero's book liars leakers liberals the case against the anti-trump conspiracy. Here's a portion of judge Piero's book talk the book makes it clear what happened. There is a deep state. I don't know if any of you ever, watched the view.
Fox News Sunday
GM wants Trump administration to back national electric vehicle program
"Union. The Trump administration wants to end California's requirement for automakers to sell more electric vehicles in the state each year. Bloomberg's Greg Jarrett reports America's biggest automaker has a different idea and that is adopted a rule nationwide. General Motors plans. To propose that federal regulators. Embrace a nationwide electric car sales program started in twenty twenty one padded on California's so-called zero emission vehicle sales mandate that requires manufacturers to
Bloomberg Markets
Exclusive: Saudi Arabia, Russia agreed in Sept to lift oil output, told U.S.
"An extra one million barrels a day of oil and could do even more yet market. Doesn't seem to care oil has been pushing well into higher. Territories. After the September meeting in Algiers spurred prices to a four year high today, they are off though one percent for WTI. Ian, Shepherdson pantheon micro economic chief. Economist tells Bloomberg a higher price for oil is not all that bad for the USA. So this is a new thing for the US. We've always sort of the us is being hurt by high prices, but actually high gas prices are higher oil prices on our positive because of the immediate response in the show business to the puppet of making more money. Meanwhile, stocks are up headed toward records as the dollar gains after a private jobs data pollsters confidence in the world's largest economy. We look at those numbers every fifteen minutes rectal trading day on Bloomberg radio. SP five hundred up one half of one percent up fourteen. Dow's up six ten percent up one hundred fifty nine. The NASDAQ is up one half of one percent up forty. Three the ten years down ten thirty seconds. The yield three point one zero percent west Texas intermediate as I indicated is now down nine percent nine tenths percent at seventy four fifty four berlet's nine tenths percent. Comex gold's down a tenth percent at twelve. Oh, five ten per ounce. Footsie is up a half percent because of national day. The Dax in Germany is closed attack. In Paris is up one half of one percent. That's a Bloomberg business flash. I'm Greg Jarrett. This is Bloomberg
Bloomberg Markets
US, Chief Lending Officer and Bloomberg discussed on Bloomberg Markets
"Thirty twenty pot. Stocks continue to move higher after Aurora cannabis reaches a deal to acquire South America focused. I make that ICC labs Inc. That's a Bloomberg business flash. I'm Greg Jarrett. You're
Bloomberg Markets
Tesla, Bloomberg and CEO Elon Musk discussed on Bloomberg Markets
"Day at tesla to top executive bail, founder CEO Elon Musk is seen on video puffing. Putting sipping whiskey during the two and a half hour long podcast interview with comedian Joe Rogan, Gordon
Pompeo Concerned by Reports of Iran Moving Missiles to Iraq
"Iran's oil. Exports are tumbling again as the country's key buyers in Asia, take fewer cargoes. This all in the weeks before US sanctions take their full effect. Pressure is growing on buyers of Iran's. Crude after President, Donald Trump announced in may that sanctions would be fully reimposed by November. Fourth,
Bloomberg Markets
Sen. John McCain to stop medical treatment, family says
"Senator John McCain's. Family is saying that the Senator will discontinue medical treatment, this comes more than a year after he was diagnosed. With brain cancer the Arizona Senator has been battling the onus. For months and now just according to the McCain family. The Senator will discontinue
Masters in Business
Texas jury finds Toyota negligent in accident, awards $242 million to family
"And I'm Susanna Palmer from Bloomberg. World headquarters German magazine Spiegel reports. Dime lawyer. AG might be forced to recall as many as seven hundred thousand diesel-powered, cars throughout Europe in which emissions cheating devices have been detected Spiegel cited a reported obtained from the German federal motor, transport agency the report lists twenty four models including the small Mercedes-Benz c class the high end s class some
Bloomberg Business of Sports with Scott Soshnick and Michael Barr
Apple CEO joins Trump and Melania for dinner at Bedminster
"Apple CEO Tim cook won praise from President Trump and wife Melania. After dinner they had Friday night Malania Trump tweeted she was proud of the job cook is doing it. Apple big innovations and investments in the USA, clicks visit came just over a week after apple became. The first US corporation to reach a market value of one trillion
Linde-Praxair $42 billion merger threatened by FTC demand
"With tourists at least. Twelve people died when a quake hit the same island a week ago I'm Christopher cruise and I'm Susanna Palmer from Bloomberg world headquarters of forty, two billion dollar merger to create what, would become the world's largest gas. Producer is facing an unexpected hurdle from the US antitrust regulator that could derail the deal the Federal. Trade Commission indicated, it wants, Germany's Lind and Danbury Connecticut-based Praxair to sell more assets before it approves, their, deal that's according to lend. It, today in a statement to the markets will ended noted a higher likelihood that the requirement May push total asset disposals to beyond what would be acceptable to it in the merger deal playing hardball. With China on trade is working that according to President Donald Trump last night in Ohio he told supporters at a rally. That China is looking at a dropping Chinese stock market as a result of tariffs and is quote talking to us Taiwan Semiconductor Manufacturing which makes. Chips for the iphone and other devices detailed it's progress in recovering from. A, computer virus in an E. Mail TSMC said that eighty percent of the fabrication tools affected. By a virus outbreak on Friday had been restored and that it expects full recovery tomorrow the Taiwanese company said the incident would delay, shipments and warned of reduced revenue ins meds long drug is to face FDA questions. This week. On safety, and efficacy, Bloomberg's Greg Jarrett reports in spreads Allah says a proposed treatment for adult patients with non tuberculosis. Myo 'Bacterial lung disease caused by Myo 'Bacterial Avium complex will face questions on the drug safety in relation to its effect on Tuesday the FDA panelists to discuss the drugs, clinical benefit evidence of its effectiveness, and safety Greg Jarrett Bloomberg radio global news twenty four hours a day on air hand picked up on Twitter powered by more than twenty seven hundred Journalists and analysts in more than one hundred twenty countries I'm Susanna Palmer this. Is Bloomberg This, is Bloomberg opinion, on Bloomberg. Radio bring you news comments and insights from. Bloomberg opinions worldwide team of editors and columnists I'm June Grosso coming up on the show a look at the gerrymandering wars already underway. For the midterm elections also on the show how starbuck. Sees its future outside high-cost cities but first experts have long been warning.