3 Burst results for "Greg Sur Line"
Bloomberg Radio New York
"greg sur line" Discussed on Bloomberg Radio New York
"Mayfield. Now this Bloomberg sports update, the jets play themselves completely out of the ASC playoff picture on Sunday with a rather unsettling road loss in Seattle, Mike white returned at quarterback, but he could not spark any tangible offense. The only points that the jets would get in Seattle were on Greg Sur lines two 44 yard field goals, Seattle wins comfortably 23 to 6. The Seahawks are still in the NFC playoff picture, but for the jets, it's basically season over. They go to Miami next weekend and close out this season. The Giants, they know they're in the postseason. They handle their business on Sunday with a 38 to ten win over the Indianapolis Colts, no doubt about it because the colts are not good and the Giants have bigger fish to fry. The Giants will get the eagles next weekend in Philadelphia before they move on to the playoffs. Teams that are still alive in the NFC playoff race include the packers they rip the Vikings 41 17. That leaves the lions the seahawks and Green Bay all competing for the final NFC wild card birth, the commanders in the saints are out as a result of the Green Bay win. Packers beat the Lions sorry beat the bears 41 to ten and it was Tom Brady in the Buccaneers winning the NFC south as they beat Carolina 30 to 24 NHL scores from Sunday the hurricane beat the Devils in a shootout 5 to four. The rangers in Florida beat the Panthers 5 three and it's the islanders on the road losing in Seattle to the kraken four to one. Basketball Monday for the next they'll tip at 3 o'clock against the Phoenix Suns at MSG. That's your Bloomberg sports update. I'm Dan gutowski. This is a Bloomberg money minute. Home sales in the last month of 2022, fell below their pandemic peak and pre-pandemic levels. Some housing market forecasters believe home buyer demand will continue to be depressed in the new year. Affordability has been completely hammered here. Mark zandi, chief economist at moody's analytics. We need about a 10% decline in house prices to restore affordability sufficiently. That probably won't happen until late 24 going into 25. The national association of home builders has a similar prediction, but with a substantial demand to rebound in 2024. Builders might help with that, according to the top economist, the mortgage bankers association. On the builder side, they want to move those units, so they're a little bit more willing to concede on price. Michael fratt and Tony says that leaves one roadblock to lower prices. Sellers of existing homes. A lot of sellers you're seeing them pull listings from the market right now. Rather than accept anything less than asking price. Tracy junkie, Bloomberg radio. Bloomberg radio on demand and in your podcast feed. On the latest edition of the Bloomberg businessweek podcast, a conversation with morning consult economist Caleb Brown about the strength of the U.S. consumer headed into 2023. My big concern is that consumer budgets are just starting off 2023 in a much weaker position than they did in 2022. We've seen in our surveys that we collect from among consumers, that it's been rising all year, the share who are saying that their monthly expenses, total more than their incomes. So they've been working away at their savings debt levels have been increasing and getting more expensive with interest rates. So all of those factors, I think are making the consumer a bit weaker. What's been surprising is how resilient spending has been so far, but the question now is kind of our incomes going to close the gap enough with inflation to kind of allow them to keep spending or we're seeing more price sensitivity, the holidays were a big toll on many. So are they going to be able to sustain positive growth in 2023? Well, I'm curious, Kayla, when you look at the data that we've gotten so far, have any of those ratios given you concerned because when you point those out to certain people and you say, this could be bad. They say, well, you have to compare it to the financial crisis and other sort of recessionary periods that we went through. And they say, well, is that bad when you stack it up against that? What worries me is that, you know, you think about how what did consumers use to spend, they have incomes, they have savings, they have debt. And where we are now is they worked their way through the savings through their savings to a larger degree than they did at the start of last year. Incomes are still not keeping up with prices. If that changes, that could help, but for now purchasing power is going down. And then debt levels is that final piece, which has not been a big concern in
Bloomberg Radio New York
"greg sur line" Discussed on Bloomberg Radio New York
"Highly addictive and destructive and we're seeing troubling data about the corrosive impact of constant social media use. Appearing on NBC's meet the press Wisconsin representative Mike Gallagher said the banning of TikTok on government devices should be taken nationally if a workable solution wasn't found with its parent company ByteDance. The Republican lawmaker says he supports a sail to an American company, but was concerned about the app's data tracking and lack of transparency surrounding its algorithm. Former president Trump is blaming the issue of abortion for Republicans falling short of expectations in November's midterm elections. In a post on truth social Sunday, Trump noted that many in the GOP handled the issue poorly, especially those who firmly insisted on no exceptions the bans on the procedure. He also defended himself, saying he was not to blame for the party's performance. Exit polls showed abortion was among the most important issues for voters in the midterms, along with inflation. The 19 year old man accused of attacking three NYPD cops with a machete near Times Square a New Year's Eve reportedly had penned a manifesto that urged his family to repent to Allah and accept Islam. The New York Post reports the suspect traveled to the city from Maine on an Amtrak train last week and carried a handwritten note in his backpack. It's believed he may have become a radicalized Muslim in recent years following the death of his father in 2018. The injured officers are all expected to recover, the suspect was shot in the shoulder during the attack. I'm Chris Karachi. And prince Harry is losing support among the British following the release of his Netflix docuseries, Harry and Meghan, a recent poll conducted by YouGov in the UK, found that almost half of the respondents think the Duke of Sussex should have his royal title taken away. According to the poll, 44% of the respondents said it should be removed while 32% thought he should retain his title. A public's opinion of Harry and Meghan slumped after the docuseries was released with 23% now saying they think worse of the couple. I'm Mark Lee field. This is a Bloomberg money minute. Professional video game competitions or eSports have fallen on hard times. Bloomberg reported Cecilia down a stasio, says funding his dwindled amid disappointing earnings. 4.5 billion was invested in eSports in 2018, but over the last couple of years, eSports organizations have had trouble becoming as profitable as many had hoped. eSports revenue is far lower than in traditional sports. Ticket prices are lower and fans spend far less on merchandise and digital goods. eSports fans, on average, spend just about $5 and 30 cents a year on their eSports fandom, which is tiny compared to sports fandom. The disappointing results have caused many eSports organizations to pull back. However, some money is still being made. 6 and 7 figures are going to top eSports players. Gaming publishers are also earning some amount of money through franchise fees. One eSports executive says publishers need to help create revenue opportunities for the eSports ecosystem, Larry kofsky, Bloomberg radio. Now this Bloomberg sports update, the jets played themselves completely out of the ASC playoff picture on Sunday with a rather unsettling road loss in Seattle, Mike white returned at quarterback, but he could not spark any tangible offense. The only points that the jets would get in Seattle were on Greg Sur lines two 44 yard field goals, Seattle wins comfortably 23 to 6. The Seahawks are still in the NFC playoff picture, but for the jets, it's basically season over. They go to Miami next weekend and close out this season. The Giants, they know they're in the postseason. They handle their business on Sunday with a 38 to ten win over the Indianapolis Colts, no doubt about it because the colts are not good and the Giants have bigger fish to fry. The Giants will get the eagles next weekend in Philadelphia before they move on to the playoffs. Teams that are still alive in the NFC playoff race include the packers they rip the Vikings 41 17. That leaves the lions the seahawks and Green Bay all competing for the final NFC wild card birth, the commanders and the saints are out as a result of the Green Bay win. Packers beat the Lions sorry beat the bears 41 to ten and it was Tom Brady in the Buccaneers winning the NFC south as they beat Carolina 30 to 24 NHL scores from Sunday the hurricanes beat the Devils in a shootout 5 to four. The rangers in Florida beat the Panthers 5 three and it's the islanders on the road losing in Seattle to the kraken four to one basketball Monday for the next they'll tip at 3 o'clock against the Phoenix Suns at MSG. That's your Bloomberg sports update. I'm Dan gotta ski. This is masters in business with Barry red holes on Bloomberg radio. I'm Barry rid holtz, you're listening to masters and business on Bloomberg radio, my special guest this week is Robert konigsberger. He is the managing partner chief investment officer and founder of gramercy fund management. He has decades of experience in emerging market and distressed opportunistic credit strategies, the firm has 61 employees and manages over $5 billion in assets, Robert Conan's burger, welcome to Bloomberg. Thank you very much. Let's talk a little bit about your background. You get an MBA in Wharton and then a master's in international studies in Latin America. You're graduate thesis was on the origins and implications of the Latin American debt crises. It seems like you were built to trade distressed EM debt built and lucky quite frankly. I actually go back to undergrad where I did political science and history of Latin America. And I was asked to do a similar thesis on to do a thesis. And my parents told me I had to find a job at the same time. And so I try to put the thesis and the job search together. And the only issue in Latin America, which was my major back in 86 87 was the Latin American debt crisis. So I did my study on that and I got fortunate enough to meet a gentleman who had been the finance minister of Peru. He'd been ahead of Wells Fargo international. He lent it. He borrowed it. He defaulted on it. And he had this great boutique out in California. So I feel really fortunate to have spent 35 years doing the same thing in emerging markets. And the gentleman I worked with was just a great professional. So late 80s, early 90s or a VP for an advisory firm that leads some sovereign debt restructurings and transactions in both South America and Central America tell us what that experience was like during that period. Emerging markets in the late 80s was very different than the emerging markets of 2022. I think it's fair to say it was a bit of the wild west. You know, go back, you know, the entire, it was the lost decade, right? The 1980s was the lost decade in Latin America. Mexico defaults in 82, virtually the entire regions in default by the end of the decade. So what it was like was putting humpty dumpty back together again and dealing with countries that had defaulted debt and taking them through what's now known as the Brady debt restructuring and having these bonds that nobody really understood come out of it. And that quite frankly was the beginning of the asset class. And I remember like, you know, even like we were doing, you'd have countries that were shared borders that couldn't talk to each other that one of the other and you could get in the middle and do some sort of debt swap or a buyback or what have you. And so on one of my fond memories was like Guatemala, I think it was 1989 and I didn't know what FX was. I didn't know what letters of credit were. And I had to go get a letter of credit. I had to go to Guatemala. I had to present it. And then we did a buyback, but we got paid in consoles, which was the local currency, and so my job for basically two weeks was to get up, go sell as much FX or buy as many dollars as I could and then go back to the hotel to sit by the pool. That's not a bad gig. No, it was great. So you go from that on to mother Meryl for three years where you traded distress DM, then your VP of Lehman Brothers, and this was late 90s, not the Lehman Brothers. We kind of are familiar with from the financial crisis. What was it like at those big shops, Merrill Lynch and Lehman Brothers doing distressed EM debt? Sure, I mean, first of all, they were great experiences because, you know, I started at a very small boutique boutique environment. And again, I'm political science and history major prior to graduate school, so to actually get experience in finance to lead the bank's efforts in investing in sovereign debt restructurings and to bring our clients along was a great experience. You know, I got to learn a lot about how markets function or not. And I got
Bloomberg Radio New York
"greg sur line" Discussed on Bloomberg Radio New York
"The Warnock victory would widen Democrats majority in the Senate. Senator Chuck Schumer's warning that New York City and Long Island hospitals are nearing the brink of RSV cases in children. Schumer says the number of admissions for kids with RSV is up 49% from last year. New York City and Long Island hospitals, like northwest combs, cones children, medical center, like mercy, like south shore university and others, have been overwhelmed by with huge spikes in RSV cases for kids. Schumer is calling on the Department of Health and Human Services for help. We're learning more about the driver of a car that lost control and crashed head on into a Yonkers police car, killing the officer. Authorities say the 16 year old driver of the BMW was speeding when it crashed into an unmarked police vehicle last week at the sprain brook Parkway overpass on tuckahoe road. The teen was driving alone with only a learner's permit when the crash took place killing sergeant Frank galdino. President Biden hosted the Kennedy Center honorees of The White House Sunday, they included actor George Clooney and singers Gladys Knight and Amy Grant. Global news 24 hours a day on air and on Bloomberg quicktake, powered by more than 2700 journalist analysts more than a 120 countries. I'm Michael Barr, this is Bloomberg Nathan. Thank you, Michael. 5 33 on Wall Street time for the Bloomberg sports update brought to you by twice stayed out of here's John snatcher. Thanks Nathan, a lot of giants players saying they didn't quite know how to react when the game ended ties are rare giants and at a tie since 1997. I was also against Washington game ended 2020 commanders with a game time touchdown late in regulation, Graham gadon missed a long field goal try at the end of OT what really did in the Giants their offense failed them after they took the lead in the third quarter. The jets in Minnesota down by 17 cut into the Vikings lead thanks to Greg Sur line's 5 field goals. He had a 60 yarder at the end of the first half, bikes were up 5, fourth quarters. 36 from the jets ten Kirk out of the shotgun straight drop. Looking to the right, throwing you to the right. Has a man and that man is good. Touchdown. He is JJ. And the call to Justin