26 Burst results for "Guy Johnson"
LAPD, Firefighters Sue Over Los Angeles' Vaccine Mandate
"So turns out the los angeles fire department is got some tough guy johnson who would know. Tell us. Yeah and it's not just them the la fire department and the lapd have all gotten together. In fact i had a few of the officers from the lapd who are involved in this group that are suing over the vaccine mandate it turns out that in california governor newsome's desire to get everyone who works for the state vaccinated is not going over very well with the first responders who served us during the pandemic and this includes frontline workers who worked at hospitals. Nurses are leaving their jobs. The fire department l. a. fire. Lapd la sheriff's department california highway patrol. They are all organizing to push back against the
"guy johnson" Discussed on Bloomberg Radio New York
"Our guy Johnson Air with Joshua in Grove and Jennifer Jacobs. The G seven meetings here in New York. We are observing interesting equity markets and the shock of lower yield the real yield and negative 0.94 for those keeping score at home. You would go from a negative 0.83. I'll say with a real plunge yesterday in the inflation adjusted yield, Lisa in the currency markets, a resilient dollar, which is sort of interesting, given the fact that people think the Fed is going to remain so easy. Is this because of resilient dollars because of perhaps deteriorating expectations around the world? As the virus continues to spread, remain bastard consistent. We continue moving forward as we did with the Duchess of Cambridge and the first lady in search. Well scrubbed Children, which means on short notice we bring in this morning. Tom personally have RBC Capital Markets are chief U. S economist and we are briefed at the Barcelo Children this morning. Are well scrubbed. Uh, Tom, your wheelhouse and acclaim is what every Americans interested in and that is wage lifting, and with it wage inflation. Two part that give us the nominal wage study right now and give us the inflation adjusted wage study right now. Yeah, So, you know, obviously, wage pressures nominally have been building and that's been true for the last, you know, at least the last few months. I mean, you know, as I've been sort of fond of saying, you know, if base effects are getting in the way, then there's plenty of other ways of calculating. You know how we're doing, whether it's from a wage perspective or or or otherwise so On a three month average basis as an example, you know, just look at the wage gains that we've seen. I mean, there's sort of, you know, Impressive is not an impressive enough word. You know, in some cases, if you're looking at something like average weekly earnings You know, the three month changes the best that we've seen in about 40 or 50 years, you know. Ditto for average hourly earnings. So so there's there's quite a lot of wage pressure. But Tom, one of the things that I said to you many times over the course of the last year, so is I think we need to keep in mind that You know if we think about sort of how this recession ended, relative to any other recession, wages performed incredibly well. I mean, it was sort of a perverse thing. I think for a lot of economists to sort of see or understand, but that's the reality that he came out of this in much better shape. Now, Of course, we have to relative to where the recession But of course, as you rightly point out Now we have to worry about well, wage pressures building and I mean, this is critical in the equity world that you live in the that remain. The wage worry folds right into margin. Worry yes, and we've seen a lot of companies already talked about either. Labour shortages are just really the idea that they have to pay people a lot more than than what they would have paid them. I guess a year or two years ago here, Tom. I am curious here when we talk about what the Fed's reaction function is going to be, particularly in the backdrop, with yields dropping now, at a time where more companies at least anecdotally are saying They're having trouble hiring people and the people they are hiring. They're having to offer higher wages, higher benefits here. I don't understand how the Fed can stand still in this environment should that persist. Mhm. Yeah, So excuse me remain. I think it's I think it's the I think it's the right question to ask, and we wrote this yesterday in in our in our daily debt. I think what I think to me there seems to be quite a bit of complacency building in here. I think that it's it's we're seeing in in all corners, so I think you can make the claim that there's a bit of complacency, perhaps by the Fed. There's a bit of complacency, perhaps by the market. Um it seems like everyone Particularly the market is pricing in this this perfect, transitory soft landing. Yeah, that I said many times the moving parts involved in trying to really now the inflation call is considerable, and anyone sort of laying claim you know, with sort of any definitive stands on its transitory. I think that there's a bit of there's a bit of complacency being built in, particularly in the market, So I mean, look, you know where it's upon us. We're moving through this pretty rapidly at this point our sense As I've said many times that we as we have written many times. That inflation is going to surprise people to that to the upside. That view remains as true for us today, as it did when we were first making that calls or late last year early this year, but I I agree with that remain. I think that there's a bit of complacency. So talk a little bit more about. I guess the soft landing or the or I guess the attempt at a soft landing. We know it's going to be difficult. I don't think anyone thought there wasn't going to be a little bit of rocking this here. In addition to what the Fed has to do itself, Of course, there's a lot going on in the Treasury building. And with what Yellen is having to deal with regards to the cash pile over there, I'm wondering how much that complicates the situation here. If the Fed does try to actually move at least try to, uh, return to some sort of normalization over the next year or so. You know, I think again a great question, and I think what potentially complicated is, but there's always complications. But there are complications on both sides. There's a complication of the Fed decides to keep policy too easy for too long competition of that, Of course that relates to you know, markets that are more or less untethered. You know, in a very easy backdrop that does not demand Very easy policy. You know, we're looking at at least an 8% growth here here in the United States in 21. I think you're probably looking at something close to 5% next year, you know, so there's there's a lot of growth. And then I think that's going to lend itself to inflation easily remaining north of the Fed's target over that window and again, As I said, I think they'll be bad where it's materially north of there. What's the cost of allowing that to happen in a really easy policy setting? So you know, look, this is it's not necessarily unique. The challenges you know, there's always these sort of offsets the Fed needs to consider. But I think that this this backdrop today as I've said many, many times on this episode or in this, uh show and others I think you're on other shows. Time for Sally. Carry on. Never Never. Um, the, uh, you know, this is a This is a there's a There are a lot of things, though, that are unique about this backdrop when you turn an economy off and turn it back on the light switch like we did here in the U. S. And then you make sure everyone is really liquid with funds to be able to drive spending. You're going to have a whole different set of challenges to face that are not in the history book, and I think again that is one of these underappreciated ideas, particularly from a policy perspective. Tom partially, How much is financial stability risk building as the Fed, It remains on hold, given the idea that companies are selling debt at a record pace and given the fact At rates for them aren't record lows..
"guy johnson" Discussed on WFAN Sports Radio_FM
"From almost just think about every player I feel that has come through. It's like Matt Patricia walks around, thinks he's baby Belichick. Matt Patricia walks around like he's he has eight Super Bowl rings like he's Bo Belichick. That's not gonna cut it. I mean, how much faith do you have in the Detroit Lions right now? When he basically said, Hey, I'm here. Adrian Peterson. Yeah, you Adrian Peterson, come in. We know you used to work with the CIA up in in Minnesota. We just drafted this guy DeAndre Swift. We got this other guy Johnson, but we want to give you to Carrie's because we believe that you could help us win right now. Let's forget about the younger guys. Unfortunately for Detroit. They just continue, sir. Run in place in Matt Patricia. Come on, let's be real. He's going to be the next guy in a long line. Unfortunately, a long line of coaches who have come through Detroit and have left and I mean I guess this is an even trade off for the superstars. That the lines have run out of town. Matt Patricia can take his pencil from behind his ear. And hey, can leave town. You can leave Detroit. He won't be the guy to turn them round. I'm sorry to say so. All my folks in Detroit. Let's keep it rolling Number three. Oh, my God. I spoke about this guy yesterday. This guy has one.
"guy johnson" Discussed on Real Marketing Real Fast
"An email and you're obviously in this space and you probably have a lot of conversations. So what's the bad advice that we shouldn't listen to is keeping all if you're keeping his On your list forever because they might say something from you. I think think advice. I'm I'm not in keeping them but just email them under Email to the other advice is can't send too much email but on the other hand there is no Sunday enough undefined. Not Violence this right for your uses is the key to everything is it's difficult in deliverability because often no genetic say solely business. The truth is always. This is the truth all in some cases this is the truth. Oh it's very hard time obsolete what comes back to a word that I loved to use nets test absolutely testing is trends tested test everything and then test again Yup. Absolutely so two questions. I'll let you get back to your your day. one is. Who's one guest Absolutely have to have on my podcast. I actually have two guests. I would love to have Laura Atkins on your podcast. If you haven't already and the other person I can never hear enough room is Guy Johnson of Return Pasta House the earnings from the rise and is an amazing. But guys also somebody. That really illustrates the excellence of email using data in interesting ways so the two people love to hear from Wolf obvious. Would you make an introduction to US I please course now. The most important thing if people want to learn more about you and what you do and what changed dot. Org Does how can they? How can they find you? I WanNa Lincoln. I'm on twitter. Alice Cornell If you don't really have money managers so please reach out. I always love to speak about email one of the things. I miss about As nobody else. Let's talk about email fighting where I am so. I'm very grateful having to talk about today or you can ring me anytime. You're feeling email only and you just want to have a conversation. I'm happy to have the conversation with you. Scientific row. Take your phone sounds good listeners. I hope you enjoyed this episode. I mean email is no good. If you can't get it delivered and evocative delivered of Yanking it open so it's a process So taking Alice's advice in terms of make sure you're adding value to your subscribers. Every time he mailed to them from their point of will dramatically improve your deliverability. And help you with Your Business and your business case. So there's no magic hacks. Software technology is really starts with think of your listeners. So I want to say. Thanks for tuning in. Thanks for listening to this episode and look forward to serving you on our next episode. That's offered this episode of marketing real fast. Now it's time to take your marketing to the next time visiting Doug more no dot com and download our advanced marketing white as well as exclusive resource space on today's episode. That's Doug more no dot Com until next time we look forward to serving you right here on real marketing real fast..
Baird's Patrick Spencer: UK Equities Very Cheap
"Prime minister Boris Johnson has to get a deal approved by Saturday or he may be forced to seek an extension of your Bloomberg's Vonnie Quinn and guy Johnson spoke with Patrick Spencer Baird vice chairman of equities they discuss the impact of a brexit deal on the UK equity markets and the pound okay equities look cheap right now I think that's a that's a great question and can I just before I came out I did check my Bloomberg which on a pretty tight and it tells me that the deals on the foot see one hundred is just over five percent now that's the second highest since post war that we've actually had I think it was high I was seven I wait the P. E. on the U. K. market is eleven twelve times which is cyclically adjusted the cheapest western market actually on on on the major exchanges so the markets are telling you that that discounting aha brexit so the market is very very cheap in our opinion and if there's any positive scenarios that come out of this you see what happened to the forty to fifty this week it ripped so this market will rid if we get anything of a deal and it's quite interesting just obviously and I've become trade from from Brussels on I was listening to some of the common tree this morning from the journalists and I were talking about when they interview to Paris he was saying the fault is with the U. P. not with the new and I thought that was a very interesting in fact actually diversion so if you can get the do you pay I think across this then you could potentially come a daily man's money that's what's in this program will be sitting in the United States though and they will also have to currency in Jeff city investments they would make into the U. K. for how how big a factor do you think that would be how much of a really think you would see in sterling well sterling's up five percent in fairly short order can you've got to rate cuts coming in the U. S. so naturally that's gonna push down yields which you've seen obviously you know in the in the U. S. but so the dollars going to suffer no doubt and overseas currencies will suffer so you gonna have to adjust for that so you've had a five percent movie gonna give at least that back I would fill in there in terms of you know a deal in terms of it was probably actually getting out another in a five percent if we do see a Dale so in a ten percent move I would have thought Ivanovic for just in a very short order of a month is that the the two fifty since the first of August of two thousand sixteen is up almost eighteen presents the partially that is to discerning weakness but what makes you think that U. K. equities are cheap or that any other than sterling is actually moving on this well in the the the markets will always discount the bad news and they'll discounting old the bad news at the moment I take the point you know that it's up up eighteen percent but the small kids you know are off considerably from the from the from the real time highs so we're only we're only way we will lost yeah so you say eighteen percent I'm an avid the markets have gone sideways for years so we're not out dramatically I'm I'm I'm we way where we will so but as I made the point this is the cheapest western market in in the M. S. C. on a missile at seventy five percent of the S. M. S. C. I.'s but it is phenomenally cheap and for that reason we continue to like U. K. equities especially mid caps there is still a month period of insurgency hard breaks it or no brags that as to what kind of train deals we will be looking out in two to three years between the UK and the rest of the world yeah that's a that's a fair question Bonnie in so much that can even if you get it even if you get an ideal yeah can I actually have to discuss track you're gonna have to discuss what was the you know the trade implications if you get something of a deal obviously you know yeah that that that's going to be decided beforehand and to your point it might eventually get a remain situation with another action or a referendum that was Patrick Spencer Baird vice chairman of
"guy johnson" Discussed on Bloomberg Radio New York
"Thousand years old I never from the Bloomberg interactive brokers studio this is Bloomberg best economic alarm bells beginning to ring in the U. S. but some members of the fed are still unconvinced Bloomberg's guy Johnson spoke with Chicago fed president Charles Evans to get his take on the overall economy and his concern about the outlook for inflation and how it plays into the fed's next interest rate decision I think we're now it's a circle eighty percent chance of a house like twenty five basis points at that meeting is over reaction to one piece of data fighting was an important piece of data I don't know if it's an overreaction I mean I'm open minded about the decision and learn more before the meeting the end of this month but I would say that I assume number was you know no negative number for manufacturing we received a number of reports over the last many months about trade uncertainties about how many factory and your prices were a bit reticent to expand capacity capital expenditures have been very weak and so I think it is a little more confirmation of the reports that we had been seen and I think it'll be a very important to see the progression from here for instance wards a rate cut by manufacturing use and also a huge parts of the US economy but it is a significant parts of the US economy it certainly isn't in my midwestern district we have more manufacturing than the average and so I've heard more reports about this in the weaknesses and and what comes from the trade uncertainties but I would say that the thing about monetary policy.
"guy johnson" Discussed on Bloomberg Radio New York
"From the Bloomberg interactive brokers studio this is Bloomberg best economic alarm bells beginning to ring in the US but some members of the fed are still unconvinced Bloomberg's guy Johnson spoke with Chicago fed president Charles Evans to get his take on the overall economy and his concern about the outlook for inflation and how it plays into the fed's next interest rate decision I think we're now it's a Sir okay eighty percent chance of a house like twenty five basis points at that meeting is over reaction to one piece of data fighting was an important piece of data I don't know if it's an overreaction I mean I'm open minded about the decision and learn more before the meeting at the end of this month but I would say that though I assume number was you know no negative number for manufacturing we received a number of reports over the last many months about trade uncertainties about how many factory and your prices were a bit reticent to expand capacity capital expenditures have been very weak and so I think it is a little more confirmation of the reports that we had been seen and I think it'll be a very important to see the progression from here therefore in C. towards a rate cut by manufacturing use and also a huge parts of the US economy but it is a significant part of the US economy it certainly isn't in my midwestern district we have more manufacturing than the average and so I've heard more reports about this in the weaknesses and and what comes from the trade uncertainties but I would say that thing about monetary policy and.
"guy johnson" Discussed on Bloomberg Radio New York
"And around the world on Bloomberg radio don't call in five the Bloomberg business at. very good morning from London I'm rushing hearing on Caroline had killed welcome to the program you listings today but you live in London DAB digital radio so we just heard former bring bags into view with the feds Charles Evans keeping an open mind about the type of music we'll bring you all of the lines and the interesting points that he made to our very own guy Johnson in a moment but first I want to delve into the markets of course we've had to be some quite negative sentiment in the markets I yesterday of course we saw a big decline for European equities down by four percent in the first couple of days of the year this was partly due to the eighty people pull out of the U. S. consensus about global economic growth the US took six hundred straight out of the gate is down a tenth of one percent fifty one hundred also weakened by one tenth of one percent of the softer we saw yesterday the biggest decline since early twenty sixteen a three point two percent drop for the fifty one hundred at yesterday the other video a big thing to note of course and he's the tariffs U. S. opening up a second front in the trade war I'm not sure just school this morning at just as we still see trading any of that Abbas says rushing up two point eight percent off to the WTO approved the US tariffs plans to pass that investors breathing a sigh of relief with delve into that in a moment it says that the rest of the markets and fixed income fools let's give you a check that negative fifty six basis points of for Germany also heading love a fool pretty much all European yields actually across the board down almost two basis points the German but yes we took almost three basis points for U. K. gilt yields front yet French is down two basis points to and USC has tried it once but five nine percent sit down one basis point that the bets have gone off of course for an October rates cuts in the United States of America and just briefly we'll head slightly Hoffa WTI goal trays one thousand four to. ninety seven this morning okay let's have a look at what stocks are off to watch this morning Bloomberg Senegal each Kerr has joined us in our London studio because any red head area about Ted Baker transposition we see the second half below that of last year that's right instead Baker is the big bad story of this morning and fortune in the stock is yet to open but traders were calling a significant decline this morning yes so they are warning of a possible sale of the clan and after a year of turmoil he said the second half is off to a slow start and it is troubling for analysts and investors and imperial brands now we know there's a bit of an issue to do with tobacco companies months he and in the U. S. and the CO I wasn't it was going to step down when the successor is found that's right but the stock is reacting very positively that S. shares are up two point four percent on the news now it imperial said last week that earnings growth ground to hold it again they did side the issues that you cited and also we've had this reason U. S. crackdown on vaping after mysterious illness that affected a lot of teens so yeah a badge again maybe in this you see this as a positive change fact that Kubrick stepping down I'm going back to the close trade HMM the third quarter pretax was two point five percent above estimates so reasonably good that's right great story add the stock is up to percent now this is the first time HMM quarterly earnings gains in more than two years really big programs for them one of the things that has been good in the recent months is there's some recollection was really well received and I actually also liked it a lot. modeling up this morning by. all right thanks very much the city glued scare that with stocks to watch journey is here in our London studio yeah I also think it's really worth noting all in the U. S. at times story looking at the you're so six hundred this morning Grammy kwacha evolves penny we call on deangelo I see one of the top ten best performers ready quotes was bouncing high more than seven percent right now as a perhaps a veces actually seeing this tariff in position the house is not as bad as we anticipated or perhaps as a bounce back and now that we have the news because of course it was what to tell you was we would talk about this it seems to have been four wheel because he was like weeks and so I think a look at that time to get used to it and perhaps as you say dismantling the relief it was less yeah a data meanwhile let's take you to the rest of our top stories this morning the US economy is strong but the outlook is mix that is according to the new then you'll fed president John Williams he spoke yesterday added inventing California we are seeing signs of economy slowing someone and we want to get Mante policy position to keep the economy growing as as a single paste. so that's event Williams was also almost what keeps him off put nights the owns the repo volatility he says the key is understanding what happened to short term rates but he added that the banks response was very effective I'm more fed speakers because we just heard from the Chicago fed president Charles Evans who's speaking to Bloomberg's guy Johnson in Madrid not he said he was very concerned about the inflation outlook he said inflation should spend time above two percent he also said the other was pretty good but there's a lot of uncertainty and that he expects some moderation in employment growth he also admitted that he'd been somewhat surprised by the economic headwinds struggling expected yes certainly that is a what he told the guy Johnson also I thought it was interesting the reaction that we have from our Los Gastone holiday FX and a rate strategist he was saying that he wanted to know more from Charles Evans about the repo volatility was saying that that was a key issue he thought that the fed had not gone out there hadn't been across this enough they wanted to know you know what the palm while he said the balance sheets with the key in a listen so that something perhaps that wasn't addressed but it will be very interesting to him from on that meanwhile let's take you to the towers story whiskey French wine cheese and planes just some of the European exports of facing US tires when the trump administration opposes new duties on up to seven a half billion dollars worth of goods beginning on the eighteenth of October now Brubeck's by spot check has the full story from Geneva. the US plans to impose a ten percent tariff on European aircraft and a twenty five percent tariff on more than a hundred fifty other products the goal of the trump administration's retaliatory duties is to persuade the Europeans to reach a negotiated settlement in a fifteen year old trade dispute over the E. U.'s illegal government aid to Airbus the terrorists will increase prices on a broad array of European exports and aggravate the strain trans Atlantic trade relationship at a delicate moment for the global economy in Geneva price bash check Bloomberg daybreak Europe. me well adjusted kid to bring you an update on the Bloomberg terminal we actually we took about Ted Baker says Andrea this check prices just opened up a significant drop it down by twenty seven point seven percent owned at Ted bay because say the retailer really suffering this morning okay let's look at Boris Johnson's plan for getting a brexit deal with the E. U. because being looked on in Brussels I'd also be scrutinized in parliament here in London makes is a day as this time window for getting an agreement shortens further Rubik's Bastin sonic reports that's the most heartening thing for the prime minister is that so far none of the major places outright rejected his scheme we shop on eight east chief negotiator says that is progress lots of work still needs to be done the Irish prime minister lever I've caught also did not dismiss the idea is out of hand the most surprising element of Johnson's prizes to allows Northern Ireland to be treated differently in terms of trade for the rest of the U. K. at least temporarily that had been a red line for the D. P. in many Tories the biggest problem is that it only visits just border controls of some kind on the island of Ireland there's a long way to go before this is resolved and only weeks to do it in London comes about systolic impact daybreak Europe. as the bag this story meanwhile on other issues yesterday's US auto sales want to scream as the day before General Motors pacer quarterly sales day in and food made to sales fell less than expected more now from convicts Tony pellets. both automakers are having trouble shrugging off concerns of the American auto market is taking a turn for the worse shares of the two companies fell along with those of Italian American manufacturer of fiat Chrysler automobiles their quarterly U. S. results look less dire than the big percentage drops of other carmakers reported Tuesday four September in part due to fewer selling days in the month in a year ago GM's third quarter deliveries rose six point three percent a smaller increase than analysts expected fiat Chrysler sales slipped zero point one percent Ford had a decline of five point one percent that beat projections in New York Charlie Pellett Bloomberg daybreak Europe and Tessler has failed to live up to eagle masks height the company had a record ninety seven thousand deliveries in the third quarter but shares sank as I fell short of the chief executive much height one hundred thousand and analysts a warning revenue may drop they say testers relying too much on its cheaper models to grow okay so those are also so is this morning let's get all the latest in global news headlines his provides the and Gavin said Hong Kong this morning lots of big stories yes indeed count on a little update for you that Hong Kong would announce a ban on face smallest public gatherings offers special meeting of the city's Executive Council and that's happening tomorrow that's according to the local news channel TV be citing people it didn't identify these groups are also urging the city to impose curfews this comes off the off position to protest on Tuesday in some of the worst violence since of that crisis begun more protests are planned for the weekend elsewhere Indonesia's president is promising to introduce sweeping changes to labor and investment rules the move would would deliver on some of the major reforms investors have been asking for president Joko Widodo who also said Indonesia isn't aligning itself with either China or the US and the trade war but I only pass it by and what about Monday Monday priority is labor law but I have to talk to labor unions we will also propose. seventy four laws under the omnibus law so that licensing can be simplified negative investment list will be reviewed to attract investment and provide jobs. U. S. secretary of state Michael Pompey's visit to a city has been overshadowed by the impeachment of president trump thanks John for lane reports from pale confirmed in Rome on Wednesday that he wasn't a July twenty fifth cool between trump and his Ukraine counterpart he also denounced the request from house committees to take testimony from five state department officials Pompey was due to meet pope Francis for private audience at the Vatican on Thursday in Rome Johnson nine boom the daybreak Europe meanwhile president trump is heading out again at house intelligence committee chairman Adam Schiff he's seizing on regulations that ship met with the was a blow at the house of the inquiry trump's occuring this invalidates the complaint about his controversial behavior toward Ukraine and find the vaping related long injuries on probably caused by toxic chemicals that's according to you and now this is from the Mayo Clinic the results may help investigators solve the mysterious outbreak that has now killed at least twelve cable news twenty four hours a day on average to talk on Twitter by more than twenty.
"guy johnson" Discussed on Bloomberg Radio New York
"S. momentum is full steam ahead for discovery the media company reported second quarter earnings that were better than expected and U. S. ad revenue increasing six percent despite a drop in subscribers Bloomberg's Vonnie Quinn in guy Johnson spoke with discovery communications CFO good or vin felt to discuss the company's outlook in areas of growth bottom line is it was just a phenomenal set of numbers that we just presented you've referred to the six percent U. S. at a growth we've also guided to an acceleration of advertising you know mid single digits advertising and deny or international business we got into even high single digits I think there are two things that we that we see with these numbers and the guidance number one is there's a lot of longevity in our core business that I think some people are surprised about and number two is we're seeing some some first returns come in on our investments on the direct to consumer site some contributions to revenue and you know that that shows a very clear path to strong growth in the future and your bottom line is performance is industry leading revenue growth accelerating and it on top of industry markets so I think you know top to bottom good good set of numbers how much control do you have a release number is after all advertising is only something you can lower the best of times like in doing campaign times for example what are you telling your investors about how you're going to keep those numbers up many people don't understand where the largest TV company for a female demos in the U. S. what were the number one it's it's very difficult not to you via our advertising inventory for many of the of fast moving consumer goods.
Deutsche Bank to exit equities trading in radical overhaul
"Now the Deutsche Bank story the bank has unveiled a radical overhaul the lender will exist his equities business posted two point eight billion a year a second quarter loss I'm caught the work force by a fifth to reverse the slide in profitability now doing to is also shelving the dividend this year and next year and taking restructuring charges of seven point four billion euros three to twenty twenty two now the CFO James role because when speaking to body bags guy Johnson he began by outlining what he sees growth for Deutsche Bank now coming from corporate banking it would probably that it will be the the greatest growth driver and the franchise as we see it going forward especially by the way in today's interest rate environment that may change in the future as interest rates change but for now we see great growth opportunities that that existed now for several years and we've perhaps not been able to participate as much as we should or could have we also see growth of course in the private bank the so the the German you know consumer banking franchise that we have as well as Italy and and Spain asset management has recovered after a difficult year in two thousand eighteen is back on a growth trajectory so we see underlying growth in our in our franchises obviously we're taking the decision to to retrench and step back from elements of our global markets franchise in particular they expect equity sales and trading and that's a significant step in reorienting the back if I am a German clients but a global clients the question on my office are you still going to be able to serve my name's these clients absolutely expect us to be present around the world and to be able to service their needs now those may need to maybe cash management they may be risk management they maybe affects and those are all areas in which we absolutely excelled and again it's around those things strengths that where we are in the back how will that be affected how will the how will the returns with an equity affect that but one of the the the concerns we've always had about retrenching away from equity sales and trading was the franchise impact and the the potential that it would have knock on impact in our in our other businesses obviously in making the decision that we've made we've had to grasp if you like that nettle and will need to manage managed through that we are retaining a very targeted equity capital markets franchise as well as research in limited distribution in order to continue to serve our clients needs around equity financing but the sales and trading decision has been a difficult for one for us of course recognizing as you say that there are there are likely to be some knock on franchise implications of that decision and that was James one moke of their the CFO over which a bank speaking to you guy Johnson and for more that's gonna live to Frankfort with Bloomberg's guy Johnson standing by to go you pushing him pretty hard on the whole and that's a city of you know getting into the equities area moving out of it in that case and how that's going to serve the client we we we recently convinced that they they think this is the the best move full full of them in the circumstances well they've come a long way they've had a limb number of restructurings they have not worked so let's just kind of think about the history of this back in nineteen ninety nine Deutsche Bank board board bankers trust in the United States it wanted to go toe to toe with big names like Goldman Sachs something to that it has failed it has been a series of restructurings that of taken place this one is probably the most significant one that we have seen thus far it is a wholesale retreat from some of the core areas in which Deutsche Bank had previously operated they are saying that they are going to make some some big changes and and the the at this point I suspect that a lot of people looking at this bank will say okay fair enough this is probably the most serious attempt thus far but history would dictate the Deutsche Bank has struggled to see these things through and the CDC the CDC through profitably yeah absolutely so piecemeal hasn't worked this is the major over whole the company saying that they don't need any more cash and also I know that the bad bank side of things actually much bigger than people had expected it is those two things going on here first let's talk about the bye bye what they are shifting it is some of the heavily risk weighted assets which require a big balance sheet to go next to them to balance them out for regulatory requirements into this new units and they all got a got a seller's down to try and find ways of using the more productively so that's kind of what they're doing with that side the twenty D. risk the bank and that theoretically should require a less amounts of capital going forward from here we will see whether again that works Caroline it is a big big spin off of that yeah going thanks very much indeed go Johnson they live on the line from Frankfort moves to keep an eye on what's going to happen with the the shares go to bank shares when the markets open in a
"guy johnson" Discussed on WAFS Biz 1190
"Will of course reduce our client franchises we attempt to focus on those core clients where we wanted to devote our resources but the impact if you like of clients that are uniquely served by us in equity sales and trading actually surprisingly small two one a salute about that you can be operating with a smaller Christian comes the capital regulators council with that you said that they often now but it's a very slim margin are gonna be operating with so I wouldn't call insulin you know we feel that even a twelve and a half percent and especially for the business makes that will be orienting towards we will remain among the most highly capitalized of our of our global and also the European peers does it I see if James of our multi speaking with guy Johnson in Frankfort let's get more on the story with the Asia finance editor Russell movie joins us from Tokyo Russell good to see you what is the immediate impact of this restructuring plan for investors it's going to take one a chunk of capitalism at eight point three billion dollars that's fifty percent of the market cop that's right inside can be very costly exercise three billion year as of that is going to be booked and the court of the just finished that means they're going to have a net loss for the quarter course also they're cutting dividends for the next two years on the bright side they're not going to be issuing you she is that was really untenable I guess given how father stock is fallen instead the going to be forming this this non core unit the cycle bad bank at the house seventy four billion euros of risky assets that's going to bolster their capital buffers and is this if I just mentioned on as indicated in the capital ratios kind of full just a slightly as a as a person with the stature these changes and and you know this is a really going to have to weigh out whether this will improve profitability going for a lot of this has been telegraphed through the media and and and in recent days and weeks so and distance everybody can I have that I just want to have to see how the stocks trade stock trades when they open this morning Russell five restructurings in four years that tells a very powerful story we put together a G. TV as well for our clients to get the additional contact because what traders and investors are gonna be looking for is of course a tangible return on equity that is going to be the key metrics to gauge success of all these changes nothing of this scale in terms of exiting in equities business has been attempted before what is the likely ripple effect will be on the organization.
"guy johnson" Discussed on KGO 810
"A small plane crashed in a wa Hawaii last night, correspondent tasha Chen says some family members were near the runway waiting for the plane. We don't know a whole lot of details about them yet. No names released by the fire chief did say that. Some of their family members didn't go on the trip with them. And they were actually at the airfield when the plane went down immigrants who've been ordered by judge to lead the country will be targeted by immigrations and customs enforcement agents in ten big American cities tomorrow this morning, the president's spoke to reporters for about twenty minutes outside the White House before he left for camp. David he defended the race. Aids people that came into the country illegally. They've been served gone through a process of process of the courts and they have to be removed from the country. They will be removed from the country. It's advocate very big effect on the border magazine advice, columnist, Jean, Carole, alleging that Donald Trump sexually assaulted her in the mid nineteen ninety s run in the president in addressing room in bergdorfs. I thought it was shocking. It was against my will she spoke to NBC news. President Trump denied the accusation. I have no idea who this woman is this is a woman who's also accused other things as you know. It is a totally false accusation. I think he was married, as I read I have no idea. She is what you married to a actually. Nice guy Johnson, a newscaster standing with my coat on the line..
"guy johnson" Discussed on Bloomberg Radio New York
"S Francis Safran, which supplies engines for the Boeing seven thirty-seven max through at C N international venture with General Electric, said it expects to see the grounded jet flying again, this summer, and June. The company's CEO Felipe pedicle and spoke with Bloomberg's guy Johnson of the Perez show. Question about the max. Gee. Do you think we are in this process into the game? Back to, to get sack Daikin new year. And my guess is by sometime. Time you know it's going to happen as it affected has it affected cash flow. Defect defects of call an effect on our cash show, but outside of the cash village, right? Damone using to a month and full hour. We didn't stop anything just use slightly from fifty two to forty two it's something Cheever. So to get the max. Say that that's going to be our customer to decide how they want to proceed. But I, I am going to kinesthetic. I hope that bye bye. Oh, thanks beyond. We'd have to react react react would be. In my opinion. Choice to, to work again on the cornea. Vengeance. Getting together. That's. News. Indigo. But, but these two companies combined it's a big scale. It's big size. Effect. Again, you not nuking acquisitions just to get bigger beginning to what you need. We need to be better. We need to put more value for our shoulders. And in order to do that, you have to welcome to faith and an equation is fine and make sense as, as you get no money on the innovation and you can en- us. You'll so if you can buy an equation. We strength for the future in terms of innovation and at the same time, they used to using to industrial, it makes sense because that's something in the next coming. Monta Knicks coming us on this new creation, which has been announced. Hey. What about you? Continue being an activist business..
"guy johnson" Discussed on Bloomberg Radio New York
"Business flash. Now, let's get back to our special holiday programming on day, break Europe and this morning, we're taking a closer look at Brexit. We can't talk about Europe because without discussing Brexit. According to the UK's financial regulator, British and e. Need to undertake a big debate over post Brexit oversight financial conduct authority. Both Andrew Bailey tells new guy Johnson and vonnie Quinn. That's the only way to know. Markets and resolution of disputes. There are those the suggests that the would gain all the city of London would gain advantage post. Brexit do away with significant swathes of financial regulation that currently this those that make that argument missing the point that the global regulation is increasing way, we should look the globally regulations becoming more lines not less sweetly. There's no question that in the period since the crisis financial crisis decipher a decade ago. What is really happened is a global initiative to build stronger regulatory foundations by the financial world. So is that question. Impact on that increasingly global approach which is right because Trump is global financial regulation is becoming an ever-increasing pas of of every financial centers make up an constitution, and those oversea it's made to have the finger on the pulse of what is happening with the regulatory environments prerequisite for whoever wants to be the next governor of the Bank of England that they should have significant regulatory experience. Well, spent years. Staring round of questions, but let me say this. I mean, what's changed in the post? The bacterium has been given important. Very important regulatory responsibility says. Back in the nineteen eighties. Had regulators that we went for a long wave of not having them, and it is appropriate that the central banks you have those responsibilities. Anonymous, Trump support for that? I'm starting volt in the areas a member to the commences. You want to post Brexit relationship with the EU in terms of financial services to look like financial services, the most important parts of the Brexit process. Assuming that goes this way, we'll be the next face to come which is about the future relationship. That's the Cape financial services. Now, I think he can say from what's already being a great in this about line agreement between the U that there was an agreement to base it on what I would say. I wish to flesh this out criminal arrangement has to have substance round. And it can't be just politics coming together. And saying what do we think today? By financial markets. And finally us regulators as well, we need to operate in a frame what that gives us predictability that we can operate within that we can take and implement decisions can do that without disrupting markets and the very important public interest objectives. So that's what we need to for. View. So you're embarking on a year of discussion of dialogue. Where is the end point? Where do you anticipate that there will be a set of British regulations that will accomplish the goals, you just laid out? Well, let me say on that first of all the surprise seems to me should start with a potent underlying principle that we support open financial markets, and that we support open global financial I'd say that quite clearly this is not about regional financial markets. It's about global financial markets. So that should be very clear and point for this price. I also second point is that I think the agreements that we have with other countries should be based on outcomes comes founded on clear principles, and we use rules to in a sense put those into practice, but it's outcomes that Matha we should be judged by the outcomes emission outcomes, and we should found crinolines on these on that approach. This whole issue of the UK and the EU. We think.
"guy johnson" Discussed on Bloomberg Radio New York
"The deal should close this month. The move made Invesco a one trillion dollar asset manager and signaled a shift in strategy for mass mutual and June. Bloomberg's guy Johnson and vonnie Quinn spoke with Roger Crandall, mass mutual chairman and CEO discuss the transaction, and we hadn't asked me very much believe that the asset management business, particularly in in liquid markets is is about scale it's about being relevant to you and consumers being relevant to distributors and the combination of Oppenheimer funds with Invesco. We think creates a firm that is going to be a clear winner on a global basis. What does it do to your strategy will be through what happens next at you'll business? Sure. So we have two major estimation businesses bearings and Oppenheimer funds and we're gonna continue tone one hundred percent of Barings bearings. Also, manages the general investment account from mass mutual mass mutual has five and a half million customers in policyholders here in the US as part of the investment transaction. We're going to be taking back a four billion dollar perpetual. Preferred stock, and then we're going to be the largest shareholders indicated with just under eighty two million shares in Invesco, which is about fifteen and a half percent fully diluted, and we're very excited to have a long-term investment with Invesco, and that's going to allow us to participate in the success of the firm though forward. What about the global macro landscape these days in your decision as to how mutual is changing its approach to asset management. Yeah. I think there are a couple of big things. One is we we have a lot of talk about the fed, and and where where they are with policy, but globally, we've got a very low interest rates, and we frankly expect rates to stay low for for a long time. We've got as indicated earlier on the show not a lot of productivity growth without low inflation technologies in early deflationary the world is also agent. So we want to position our business to be successful there and an asset management where it particularly in the US retail market. The big shift ETS were very excited with Invesco heaven global footprints as well as institutional and retail, but also have been very strong smart. Beta business to have a stake in affirm that we think is well positioned to grow going forward. So again, we think growth in general tough to come by globally rates. Probably stay lower than in that environment. We felt the best thing for our policy holders for long term growth. Our stone a smaller percentage of a much larger firm combined the best grown up number. Funds will be so on that point what kind of diversity is necessary. When it comes to the types of assets, you own you already mentioned ATS and curious as to old turnips. And also what kind of scale? Scale means different things in different parts parts of the business scale and private equity or or real estate looks different than scale in managing investment grade, fixed income, for example..
"guy johnson" Discussed on Bloomberg Radio New York
"Bloomberg's guy Johnson and vonnie Quinn spoke with James Quincy Coca Cola CEO to discuss first-quarter results, integration of the cost of acquisition Brexit and potential emanate targets North American volumes were down for a second straight quarter. Now, you did get a boost from higher pricing. But I'm curious as to how long you can send sane higher pricing in order to maintain margins and profitability. Yeah. I think the North American business was of course, a little softer in the first quarter. But I think it should be seen in the context of the timing of Easter which tends to affect the business and also bit of negative whether in the first quarter and a little less emphasis on some of the low margin water business. So I think the US how to how to solid coda in volume. Obviously, we'd be looking in the future to get back to the flat or slide positive but principal axis of strategy in the US is the development of the portfolio on the focus on the packaging. The focus on small packaging sizes, which tends to look like more flat volume and solid price mix. But it's a strategy. This helped us expand the the consumer base in the US and on winning the marketplace. So it's a plan that's working for a strategy this working for us. And I'm sure the US business will have a good twenty nineteen were able to boost prices. Can you do that again? We took we took pricing last year. I think that was more of an extraordinary year based on some of the commodities effects and the very specific situational fright on the way the freight industry worked in the US those those affects have softened coming into twenty nine hundred. So again, I don't think we'll be seeing the very typical situation we saw in two thousand eighteen pricing will be there this inflation in the economy. But I think you'll be a more of a normal variety on a course, we'll be looking on where and how to do that. So that ultimately we continue to focus on value for consumers to they'll only be willing to pay the price if the brand and the product that getting as the one that works for them. I'm wondering about Costa and the acquisition how you going to use it. We are expecting rolled out shortly. We'll take pills. Can you provide about what you'll plans all full Costa on how the plans even at this stage? I mean, obviously, we managed to close it in January, which was well ahead of shed Joe. Which was which was good news, the integration on the transition to cope with color is going very well. Moving over from Whitbread. So that's been very solid both as a work to make that happen. Seamlessly ahead of ahead of schedule results guy while and the first step in establishing and using coffee as part of a broader coffee platform will be the ready to drink coffees. We'll be rolling out in the second quarter lighter in the second quarter. And then we're working with the monitoring team that to really update the plans, and the visions we saw for excel writing not just the ready to drink coffee, but the vending machines and the beans and machines and stalls in Europe and Asia, we'll be pulling out together in the course of this year and you'll start to see more as we go forward. This thing with the for a moment. One of the things we have seen over the last couple of months, his book building even tree in advance of Brexit now that we have a six month kind of hiatus heights. This is probably the wrong word. But we've got I. Polls in that potential exit coming through how the booklets going to handle inventory this call out of working capital tied up here. Yeah. The inventory build was very related is related to Brexit. But he's very specifically related to the to the potential disruptive or a no deal. Brexit exit was going to be could have been the end of March. And now, of course, it's been postponed at least until October. I think the approach that we're going to take without vodkas as going to probably send you around keeping that inventory on hand through to toba, or at least through until there's some clarity on how and when Brexit will occur because this this is inventory, not just because Brexit is going to happen. But the the idea of a disruptive Brexit, particularly if there were problems at the ports in the UK through which the concentrated travels, not just in the UK, but to some other European countries. That's what we're protecting against on. What if that risk were to disappear, then obviously we could wind down that extra inventory that hasn't happened yet for now, I think we have to assume that that will keep it through. Toba the high dividend payout ratio blue about seventy three percents any thoughts as to what you might do. Instead. Or if there would be better opportunities, for example, looking at some bolt on acquisitions or internal investment. Yeah. We've got a high dividend coverage ratio, but shareholders like dividend. We certainly are focused on having that continue to grow into the future. We believe I capital structure house enough flexibility and spice within it to both fund the dividend and future growth of the dividend as well as make the bold on acquisitions that we need to make and reinvest organically in.
"guy johnson" Discussed on Newsradio 700 WLW
"Continue their series against the Milwaukee Brewers another six forty game tonight. And then they wind up the first home stand. Hate to interrupt on the so just looking at you. And you've got that real baby face, and such a handsome man older, man. I don't know if you've noticed this. But a lot of major league baseball players have beards. And I'm sitting here looking across at you. Have you ever thought of growing a beard? I know you're extremely edgy. And I got to do with growing a beard being edgy. Will. You have to have the courage at your age to grow a beard, and I'm thinking have you ever grown a beard? Or would you grow a beard? Just asked the answer is I've never grown one. And the last I checked I don't plan on it. This is what you want to talk about today because guys have beards you never shave. I never I don't know. Why you don't you talk about? Why don't you make a commitment and either be clean-shaven every day or grow a damn beer? Do you remember Miami? Vice and dawn Johnson. Do you? Remember that? Look what does that God? That's the look I'm going with is kind of the half growth. But but if let's get it back to you. It's done out here. Yeah. Are you telling me that you're comparing your look would that of a young guy Johnson? You're fifty eight years old. I would ask you what kind of beard would it be a Bryce Harper beard full beard, or would it be something like Billy Hamilton where it's kinda scroungy type type kind of patchy it would probably be patchy because I do not have a thick. You know, my whiskers are not thick. I like clean shaven look most women likely shaven face. That's that's living past girls. Like a guy with a beer look at those major league baseball player. I swear ninety percent of them growing a beard. Look at the roads. We'll be back bluecross blueshield believes everyone.
"guy johnson" Discussed on Bloomberg Radio New York
"India's economy is one of the fastest growing in the world but tensions with Pakistan could potentially harm foreign investment. Bloomberg's guy Johnson and vonnie Quinn spoke with India secretary of economic affairs for the ministry of finance. Foreign investments have been flowing steadily in India. For last many years. So to say this year was no different despite the oil price rises, which we saw very heavily in the first half. But the portfolio investment money both on equity side as well. As on the dead. Did see me that old flow in the first half when the oil was rising so fast, but in last couple of weeks, the equities have seen me that inflows debts outflow is also stabilized. So it's not pouring in wouldn't call it that way. And I don't think it's. Much to do with the Pakistan situation the rise. But it's broadly based on number of factors oil being one the economy doing rail as well as possibly. Some sort of confidence in the community of global investors that possibly they will see the stability going forward. The expectation seems to be amongst foreign investors is going to win the election and he's going to provide that stability. Foregone conclusion though, should they be ready for some volatility in terms of some of those flows that we are seeing into the country over the last few weeks. I also get the sense. Hopefully, you saying that. A lot of people who are waiting on the sidelines thinking about what kind of election results might be in their money was. The waiting game. Many of them seems to have taken a call that it's risk waiting might be somewhat higher than not investing. But certainly the results will have to be waited. And finally the results come I don't see large amount of volatility being there. But. Because the probability of the result might not be good. But I guess we should wait for results to come mister secretary last week one hundred and eighty columnists from around the world raised questions about political influence on high frequency data out of India. How do you respond to that? See I. Advise on there the day diabetes device. Which is a fact the GDP data was revised to last couple of rounds including the data for the sixteen seventeen seventeen eighteen but that division is based on facts actual data in floor. It's not based on any production or anything. So I it might not appear to be. Meeting people's expected of of some. But that did revision is all the predictions divisions is based on the real data. So I don't think it should be suspected the deserves that there for for everyone to see. It does affect this year. Has been somewhat revised downwards based on the. The DP division of last year's upward word. So. It is heard the current as DD prediction. So it's not that any revision, which is done has positive sort of messages all over the current beers EDP as I said is revised downward with all the base going up. I don't think. Makes good sense to dispute or doubt. It's better take it as it is guard. India.
"guy johnson" Discussed on KDWN 720AM
"Seven twenty AM Kate on the opinions of the host Saad, Katie w WN are their own and do not necessarily reflect the views of this station, its management, or Beasley Media Group. Welcome to the boxing fans the front with the hall of fame. Boxing, referee, Joe Cortez and Tojo's Johnson for all. Guys. Let's fight on Joe Cortez. The front. Welcome to the favor. I show here with Joe Cortez advice. Co host looking guy Johnson. No. Yes, sir. We have another good weekend of boxing. Do tonight's vice a defense been waiting for because it's going to be precompetitive. Absolutely Shawn porter defending his WBZ welterweight championship against you'll Dan is this. Oh, yeah. Us Dan is Yuga. Cuban descent and a nice guy. He lives here in Las Vegas, Nevada. And we had a Monday show last week and fair, but firm Facebook show there, and he was so generous who talked to us. About his fight with Shawn porter. He's in good spirits. He seemed like he was ready, man. He seemed like he was as ready as he ever could be. Yeah. Well, he got to be ready because he's up against one of the WBZ champion WBZ champion will pit bull. John a short Puerta. We know Ford. Android, Burto less fight and end prior to that he fought Keith Thurman, Bucky Dermot Dana Garcia. And this is his first title defense. And last time he had a title. He lost that right away to kill Brooks. So hoping he can you know, I mean, he's hoping he can hang onto the belt from you know, he can defend it at least once, but he was also under scales yesterday did almost losing weight, which is what which was one of my concerns because I felt that. We're going to be a little tougher defined as a young a growing division. Well, maybe in weight height. He doesn't quite seem like if he stepped up one way because he's it's kind of funny when you look at a guy like like, Shawn porter. He's an absolute bulldog in there. And he's going to move people. You pushes people around he crushes them with volume and pressure. And it's how he's done it every step of the way, it's how we won the championship. But if you saw him at one fifty four he'd be very undersize because he's so short. Well, let me tell you who is is about five eleven five ten and a half. I'm he's pretty he's a lot taller than a lot taller and is gonna be tweeted advantage tonight. If he uses it to. Come from California Dhabi on FOX. Is FOX right. Yeah. Regular five five o'clock. That'd be exciting time. When I love these PBC cars that are on FOX that especially since football season's over. It's so great to see the outreach outreaches boxing community has really been able to to have out in. You know, the guys is nice, man. But John Porter alluded to it. He was one point eight pounds over when he first in which is a lot as you know. I mean, it's not like, you know, point to where you go to the bathroom real quick my bag chew some gum. Spin spitting all day long, two hours, and he barely made it he actually ended up having to cut his hair cut his hair, which I mean, I don't know. Have you heard of that is that something? One thing I can say that if it was me, I probably. It also anyways. So. You lost your title? Oh, that would've is kind of sad to see a fighter lose a title unskilled heaven. Davis. Mayweather McGregor undercard. Yeah. Exactly. So these fighters sometimes they did they had to be more disciplined is not just, you know, would there win they've trained for five is a be disciplined to ride your whole even when you win. It's time out there. Interesting. Prior to fight disciplines often back then so will you have you have less problem? I mean, you won't be drying out to the bone today of the way in. No, that's how many how many people do we see do that? How many people do we send me we saw Julio Cesar Chavez junior. They all do some collapse. I mean, they all do that. They drive me. CD's fighters ready out of lies whatever when they made the week. They're barely standard. And what if it is making the way you see they drink PowerAde? I've seen chocolate Gonzales what his last name. He was dead a pasta. I mean, it was right after the way as he's back there eating up. Yeah. And he he saw me look at our Scottish volley waved at me as your stomach guy. You know? So he they hungry. They don't want want to schedule an edge of the day before the fight to be. The way you are man. And they got I mean, I know this stuff they go through with the hot baths, and the, you know, the saunas, and this that and the other thing just doing everything they can to try, and sweat it all out, and this is kind of crazy to see and then to be one point eight pounds away. What do you think what kind of impact do you think that can have on him? I mean, let's say they were even do you think this is this is an advantage for who? That's how he's about it before an advantage, Google, he goes into it will be more confident knowing that Sean Puerta is not as going to be as strong as he should be because he dragged himself up to the league, we're talking to extra pounds. And if he loses one they're going to say is that I had told them make it away. Well, you know, what does that exactly as you all full? You know what I mean? What do you think the answer to that is do you think he should move up to one fifty four? Do you think he should be more disciplined in to be more disciplined instead of eating the pasta and become a vegetarian hurt, man? This and vegetarian boxes. Yeah. Yeah. And those guys they're smart because they know they have trouble making the ways of maybe as you get. Dietician? Yeah. You gotta eat good nutrition. Is it so you eat this eat this? Eat that for breakfast. Have a one of those guys they do have some of them don't, and it's kind of crazy and the Muslim can know the ones that can afford them that don't have them. It's like come on. You guys got, you know, this is your this is your life here. But you know, really, you know, it's kind of hard man, I tell you I can attest to that. It's kinda hard to to discipline yourself. Suites. We've all done on the radio who hasn't one time, you know, tried to cut back on weight. Nice bowl of spaghetti. Balls and I saw. By one extra cheese on extra sauce. Don't even ask. No, no. I can't because I gotta make wait on Saturday. Say the hell would it? But I'm gonna eat. Exactly. That's how you feel the next thing. You know, you're cutting your hair off. Yes, you can make that day. They'll save you gotta cut your hair guy. You don't have that option. You gotta get the extra sauce. Oh my God. I'll tell you know, what that means that the bullets uptight controls your mind. You know, I know it. You look at those commercials on TV. I got to go to the fridge over yet. Why do they raise the commercials are so loud is that what they do? Because the potentials of the people erupted the fridge they want to measure where you went to the fridge. You can you can still hear them. Because. Commercials on TV this show. Big hamburgers cheeseburgers? These franchise about commercials you so. Yeah. Oh, man. Look at I a liberal to the fridge. Yeah. You need real quick. Let me just fill up. Yeah. I know what you're talking about. Anyway, Glenn Beck. Go back to buy windows does not a food show. Okay. This dachshund show me hungry. So let's talk about some of that talking about being hungry. Somebody's fighter that there'd be hungry tonight. The title, especially your dentist who who's never tasted that title, never tasted. The never had a welterweight world title belt around around his waist. I think he I think he wants it, man. I think he he knows he has what it takes. And this might be the last chance he ever has to do it. And if I'm being honest out of all four champions. I think is best chances probably against Sean Puerto his style matches better with John Porter, especially an energy depleted shop porter. So if he was ever gonna win a championship. I think tonight's the night. He's going to do what he's not gonna. He's already got three losses on his record. He's not going to get another title shot. Okay. Let me tell you one thing about a year and a half ago, Sean Puerto two years ago, she'll it parental fi. Keith Thurman user, we had you Dan is Google has come to the gym. And he doesn't speak English or maybe you can help them a little bit. So he will do a sparring session like firearms six rows would imported that day. And I was there. Helping ooh. That was an adviser for importers corner. That's right. But I doubt afternoon they got into ring, Dan. I would I was talking to a Hoover is. Okay. Let's say you know, what you're doing. Okay there. But how about using more of the uppercut inside? He is he's shorter. You use the uppercut uppercut and left foot, but keep moving to have moved to have moved ahead. And you know, and that was working out pretty good for him. He handles up pretty good against your blood and show. People are looking at me like come on. Joe you with us. But. Yeah. What you're making jump Puerto better by I in the face superior competition. And this this and this, you know, exactly I want him to understand that. That is what happens when you got a good opposition in front of you. And I told Shawn porter Yuga this what do is I'll tell you. And we'll try these things out. And I do it was good. Because by doing that, I show important to think they're going to have an easy opponent in front of him. And that's just what happens so show Puerta got a little taste of organs. Exactly. Because I'll tell you. Right. I think Sean porter when he fights guys the he he can bully that he can bully with volume that he he gets it done. But when he when he has to fight a guy who's gonna fight outside who's gonna fight, you know, like with with certain strategies, he has some weaknesses. Okay guy again, real good. I want to continue with this topic bilingual into little brief commercial. And we'll be right back coming soon. Lama luxurious assisted living. Residents is Nestle on the northwest part of.
Hope of breakthrough in US-China talks
"Percent. Hang sang down. One tenth of one percent. The ASX two hundred is essentially flat. And in Seoul, the kospi up two tenths of one percent. Global news twenty four hours a day on air and a tick tock on Twitter. This is. Bloomberg. The US is increasing legal pressure on wall way. Justice officials sit down to negotiate trade leaving the Federal Reserve with nowhere to go. Anytime soon. The first meeting of twenty nineteen begins today for more on the Federal Reserve policy and the outlook for a US China trade deal. Bloomberg's vonnie Quinn and guy Johnson spoke with Vanguards global chief economist Joe Davis, how have your figures changed over the last few days while we were in -ticipant in some elver elevator rise of uncertainty, but we even been worse than we would have expected the United States China and in Europe off seen a rise in what we call policy uncertainty that has lowered are already below expert below consensus growth forecast for the United States for China and for Europe. So we do the best. We can I think we're in for a turbulent economic growth environment for at least the next several months because this uncertainty even that you've been talking about today at the margin, crimps investment and jobs across the world is the data enough as a plug in anymore and not that we've been getting. The data. Economists don't even have what data door to get this year. But even if it were doesn't give us the full picture anymore. I don't think it does. I mean, I think we're still working through even even some of the manufacturing. We're we're going to see some of this inevitably given the restock and we saw at the end of last year, given the rise of tariff. So I worked for some top of waters. I think we're not going to get a clear picture that the economy
"guy johnson" Discussed on KTOK
"White privilege, unchallenged and quit minorities and women in their place. Hitler, led a political movement of anti education, anti science racists who focused on nationalism with rhetoric about making Germany a strong country, which would result and prosperity for the German people who were hurting due to the disruption caused by the Wall Street crash of nineteen twenty nine and the effects of the great depression. America's gonna know in huge numbers. Mark my words that the house of representatives is now controlled by the hard radical hate Trump left. But with that said they've got some questions they've got to answer. They've got constituents that I'm sure want border security. They probably in their districts have issues involving opioids and drugs that are destroying families and a lot of those drugs where are they coming from the southern border. They probably, you know, have constituents that maybe don't have the job opportunities at the pay levels that people want in part because of the cheap labor that crosses the southern border. Maybe they want some controls over that. Because that's impacting a lot of communities. So the president. Is saying well, if it takes a year, I hope it doesn't. I hope I can get it solved. Quickly. I was here all through Christmas and New Year's waiting to negotiate. They weren't they were in Hawaii in the Bahamas and the president came out today met them, all and said, all right. Let's do a deal. What do you have their, Linda? You're talking Johnson talking about the capsizing. It's from two thousand ten if you want to remind your audience, he really didn't say this. They have the tape. I just found it he set. So this guy Johnson said that if we put too many trips on the troops on Guam that the island is going to tip over he said that the tape of my fear is that the whole island. Woo. Become so overly populated that. It will tip of an. Size. We don't anticipate that the. Oh, man. You can't make this up. Wow. Anyway. So the president today, you know, the president's approval rating hasn't shifted much think about this president's approval rating has stayed solid. The American people that voted for him. Love that he fights. They elected him to fight. They elected a disruptor. They elected a icon a class. The only thing you hear from some Republicans mitt Romney's obsessing over his style. Omit Romney style. Didn't get elected Mitt Romney could've won in two thousand twelve. These are all conservative solutions that he's implementing things I've advocated thirty years of my career. All right. Eight hundred nine four one Sean number. We have the former director of ice, Tom Holmes. Gonna join us later on freedom caucus members are going to join us. News roundup information overload, the president's press conference Hannity watch on the border and the government.
Jerome Powell Is ‘100% Safe’ at Fed, Trump Economic Adviser Says
"And remove the fed chair with that caused permanent damage, so I think that would rise to a different standard, you can remove a fed chair for 'cause it's really challenging to think of another way that that could be done. And so again, barring something out there for clause, which I think is something that'd be really strange that would start to rise the standard of more permanent damages. Don, maybe you could explain the relationship between what we did. Did or didn't learn from the Federal Reserve and the stock market and bond market reaction. Let me say a couple things to start out. I I the fed was trying I really do believe that with the statement. And what came out in the press conference? They were trying to thread the needle to say the US economy when we look at things like the labor market is in good shape. So if you look at the unemployment rate or jobless claims or some of those data series that part of the economy is doing quite well what I think was missing from the fed statement was some mention of the interest rate sensitive sectors that included things like housing. I thought it would have been relatively easy to say something like housing data was mixed. If you didn't want to say week, you could have just acknowledged some of the mixed data there, including some of the survey data. Also, there was a note that inflation expectations were little changed. And that's hard to square with what you're seeing in some of the commodities face, especially the big drop in oil. So maybe that's going to be. Changed in future statements. But these are things that the stock market's going to pick up on to say, hey, maybe there's a disconnect with what I thought could come out of this statement, what the Fed's view of what's going on is Alec differs from my view. And I think that's what generated some of the market reaction. All right. Well done it just sort of follow along with that. Because it's not just a domestic situation. And from guy Johnson perspective in London is the Federal Reserve now the central Bank to the world. So they will never say that. And I think they respect the idea that there are a lot of differences in different parts of the world. But what we do see is a big reaction when the balance sheet comments came up, and when chair Powell said that balance sheet was declining on this autopilot type of trajectory. I do think that matter to global investors. I do think that started off some of the serious. Risk off moves. And I think that was partly the global situation that came into play if we were to have none of this new messaging that you just described from either the federal the president that we would see a less volatile market. We might see a less volatile market for a while. But the information that's coming out. Whether it's there's a concern that the fed whether it's there's a concern with how the trade situation is going. There's a concern with what's going on in China's local economy, there's a big drop in oil prices, those I think are the fundamental drivers of some of this risk off trade. So maybe you could change where the volatility enters the system you could change how that's going to express itself. But I wouldn't say we want a complete blackout. Is the market being overly pessimistic about the US economy? Like, I look at the US consumer, and it's always amazing to look at the consumer from afar. US consumer seems to still be firing on all cylinders. I think that's right. And so the challenge is the consumer is still the bulk of the
BP's CEO Bob Dudley on BP performance
"See on on on on your numbers today's. Oil trading has a small loss in the quarter what happened is. Very rare to say to BP, losing money trading we've got, a great trading organization but once in a while It doesn't always come in. The plus side so a very very small. Loss I'm not worried about it it's a great team and that was on the oil side I guess I'd make made, money so I saw I saw WTI all over the place on the quarter it's one of the main of the lost I think that's what you. Find with a lot of a lot of people got caught up in the bottlenecks in Permian and we. Had some of that when you are kind of looking. Forward and you're trying to figure out exactly what is going to. Be going on I do do, you worry a sort of This, but I just don't want to go at. It from an, angle do you. Worry that where the situation. Where underinvesting you talk about the Catholics thing the one of. The range and that's because actually, you can do more with less but is there a is there a. Risk of underinvesting excellence pushing hard but but. Nobody else is at the moment well for us to keep within this frame where we have more activity going on now, the we really ever have seven major projects last year six this year more next year we can do it within that frame we're bringing on lots. And lots. Of activity I think for us I feel pretty comfortable with the levels. Of, investment we have the industry worries about not spending enough and repeats us figures. There's, probably some truth in that broadly in the industry but, what people are saying is you. Actually could do more with the dollar. Today than you could before so it is. Not quite as dramatic One of the big also pluses on on. The result Rosner how you have a big investment you. You were in Russia for many years taking care of that relationship did very well on the quarter how. Is the business going on in Russia Is a very professional oil companies just came back. From the, annual meeting you should look at the materials presented there I. Think it's it's a company that is restructured itself it's got more to do and it's also highly leveraged the oil price you can start. Seeing coming through and the results so I I'm very optimistic. About the future of raw snap getting better It is getting better this is this is a a. Set of numbers at the market is likely to react, strongly to you're raising the dividend you're talking about things getting better. Not worse, the gearing coming down how many boxes is Bob Dudley ticket I think we're just getting back to. The way we should be the company I think I think. It's I mean we we say the company's firing on all cylinders the up time of the. Upstream downstream alternative energy all those things are operating at at levels that that they should be and we've turned around and. Retooled the company over seven years, so it. Would be good just to get back to being an efficient Is that kind of you had a mountain, to climb at the beginning you're the peeking out. Is it I'm assuming this this maybe not the peak but close at. The peak but things are kind of as you say back. On an even keel it's been it's been a tough mountain to climb Stick around. And enjoy. The view or do you do you I love what I do I serve at the, pleasure of the board and we've got just a fantastic team a real, team of people every once in a, while in your career you work with a high performing team and this is just been, high performing for years now to, joy to work with them That, was BPCL Bob Dudley speaking with Bloomberg's, guy Johnson hobby Blas coming up Credit Suisse CEO John gives investors more, reasons to stick around after a positive, earnings report you can see all the Bloomberg best stories at best go this is Bloomberg Imagine Time is running out frigging penguin colonies have emptied in the last five years as a breeding populations have gone from two. Million Paths to,.
Germany's Merkel says migration deal is no about-turn
"Everyone started talking about subways new savory rotisserie style chicken caesar signature rap it's a mouthful to say i know but with creamy caesar dressing and double the rotisserie chicken it's not the only thing that's the main isn't it stomach what i do what you want double meat based on average six inch stab ju conversations from bloomberg television here's guy johnson johnson has diffused a feud with her very allies ever mike ends the time thing standoff the threatened up and her government angela merkel at whole seahawks the interior minister reaching that deal confirming the germany we'll set up transit centers the border where asylum applications can be processed quickly for more on bass and what it means for germany let speak to moscow fracture he is the ceo of the w german institute for research and joins us now we have a deal when it comes to the migration issue how franchisees does that for jalousie have any effect on the german economy clearly angela merkel the chancellor leaves this conflict much weakened weekends to push through the domestic agenda the has been from day one a conflict with her partners the issue on essentially issue use of identity on issues of europe the two contentious issues and myrtle has not been able to push through which means more uncertainty for the economy so it's also weighing on economic activity we see that the german growth has been weakening and particularly on investment surely this is not just because of this government conflict but certainly what's happening now in germany creates uncertain that's not the probably hear more interviews like this one on bloomberg television streaming live on bloomberg dot com and on the bloomberg mobile app or check your local cable listings global business news twenty four hours a day at bloomberg dot com the bloomberg business app and tick tock on twitter this is a bloomberg business.
Euro rally analysis and global currencies
"A surprise to our meeting on saturday with kim in a bid to keep the summits on track asia markets relatively steady on the back of that news to pan closed up about one tenth of a percent with the nikkei that the hang seng index carney up about six tenths of a percent whereas the shanghai called has been losing a bit of ground in the past hour down about three tenths of sent at the moment we're also keeping keanae on currencies today in particular the euro which has been rallying this morning after the italian president rejected the populist choice for a year skeptic candidate as a finance minister said your mozzarella's saying this is for the good of the country euro dollar currently up about half a percent euroyen harbor down about six tenths of upset sterling however up about two tenths of a percent also do keep an eye on the leyritz extending gains two point two percent against the dollar also the indonesian rupee rupiahs climbing it's speculation of another interest rate hike by the central bank they're also keep an eye on commodities in particular brands and wgla crude both again extending losses wti down around sixty six dollars a barrel this off to saudi arabia and russia proposed easing output cubs often eliminating that inventory samples at sparked the biggest price crash in a generation now you're off today told the markets that was a bloomberg business flash let's get back to some more of our holiday programming where we're taking a closer look at this policy earning season in particular healthcare store stocks have gained quite significantly this past quarter amid a flurry of deal making notable moves includes nafie outbidding rival novo nordisk by ab links for four point eight billion dollars japan's takeda pharmaceutical meanwhile had to put in five bids before securing a sixty two billion dollar deal for drug shire in germany meanwhile pharma and seeds company by is still pushing to close its sixty six billion dollar purchase of agra chemical firm monsanto to lots going on in that sector now see a van of bowman spoke to daybreak europe anchors guy johnson and matt miller as by a cut its forecast for the year citing currency effects i'm happy to.
Turkey's Erdogan says president needs to be effective in monetary policy
"On the turkish lira for you after the comments from president richard tiber currently we are at four spot thirty nine wait it's still very close to all time record lows bearing in mind that the president made clear that he intends to tighten his grip on the economy and take more responsibility for monetary policy if he wins an election next month there's already a very contentious conversation around whether or not the central bank in turkey has enough independence let's check in for you as well on the first word headlines from around the world and cross out to debra debra he's a turkish type john says he'll play a more active role in influencing monetary policy following elections next month that will transform the nation's government from a parliamentary system to an executive presidency he spoke exclusively to bloomberg's guy johnson in london what we have to give off the image of a president who's influential monetary policies you will play a role in monetary policy going forward is that is the big change this may make some uncomfortable but we have to do it msci has released a list of two hundred thirty four chase ashares to be added to the benchmark equity gauges from next month the three largest additions to the emerging markets index will be i see china construction bank and pressure china inclusion is expected to channel around seventeen billion dollars passive funds into the world's secondbiggest equity market however the new editions begin with a very low weighting botswana's new president wants to rewrite the terms of the african nations current tenure deal with mining giant beers mcquaid see matzec spoke exclusively to bloomberg television preparations for the negotiations have begun we expect to get a mutually beneficial agreement yielding positive results for both it's a long term agreement a wonderful relationship but we expect to be even more cemented but more than anything else we expect consistency reliability dependability and true allegiance to.