22 Burst results for "Jay Paul"
"jay paul" Discussed on Bloomberg Radio New York
"The brilliant Michael mccabe dropping by to get us up to speed on the economic data in America That seconds away with equity futures up 7 tenths of 1% on the NASDAQ on the S&P up a half of 1% Yield to come again a few basis points on tens They're high a few basis points on twos The curve is flatter with the economic data Here's Mike McKee Going to have to be a nimble and humble in Jay Powell's words because we got a lot of data coming out right now Let's start with jobless claims 260,000 that's a drop from last week's initial report of 286,000 so that is good news because it does suggest that perhaps there was an ocron effect and we did not see a big collapse in the labor market which of course Jay Paul has now Batman being really strong GDP comes in at 6.9% significantly higher than the 5.5% anticipated and of course a lot better than the 2.3% we saw in the prior quarter GDP is looking a lot better than it was the personal consumption price index up 3.3% but tomorrow is what we're going to really be looking at because we're going to want to see what the monthly number is And then durable goods durable goods go down 9 tenths of a percent but it looks like that's a lot of cars There's some airplanes because X transportation were up four tenths and then capital goods orders are flat for a while It's not a second month in Rome because the November numbers revised up by three tenths So overall you get a bit of a gain there but still business spending lagging consumer spending I'm going to take a look quickly while you check the markets at the breakdown of what's going on in GDP Looking at futures right now they are higher by a tenth of 1% on the S&P up by 5 or 6 tenths of 1% Yeah let's look like this on tens I was convinced you had something to say after you said oh I got a ton of stuff I never know when you jumping in We're in different rooms We're down three basis points on tens at one 83 Go on TK Mike we've got to expand the conversation What we're doing in this hour half hour I should say is McKee Carefully but John sick will join us from Oxford Ira Jersey joins us later really Arguably the conversation of the day on the balance sheet conundrum Michael once again you did it You brought the chairman to silence You asked a question There was so rude Chairman Powell said can you tell me the second part of the question again I mean you did it once again What did you learn from chairman Powell yesterday that we didn't catch Well I don't know that we didn't catch it You look at the reaction in the bond market and the equity markets And they pretty much got the message The defendant is going to be hawker more hawkish because this time is different The economy is stronger And you look at the numbers that just came in 6.9% on GDP Bruce kasmin nailed a JPMorgan Michael Gabe and brought his number up towards in the vicinity And many others as well He says GDP is going to fall off a cliff now Is it The numbers that we have initially for the first quarter have been weaker but we did get a very strong inventory number out of the retail and wholesale inventories and the change in inventories added 4.9 percentage points to GDP growth this quarter So if that continues we're seeing inventory stocks build and that should alleviate some of the supply chain problems that have been damping the market as you mentioned So it is certainly possible that things could get better than we anticipate Personal consumption up 3.3% we spent money at a reasonable rate there But again it was the business I mentioned.
"jay paul" Discussed on Bloomberg Radio New York
"Highs by the end of 2023 It's not a plan So there's still much we take that possibility So if inflation does start to moderate as major central banks are still expecting We may actually expect some turn in the policy direction in the later part of next year So I do think that they still have flexibility at least the communicator back to the markets But of course if I should persist logger that expects that if the supply bottlenecks continue if on the cloud process for the rest of the supply chain then of course that optionality diminishes Janet there's a theory out there in markets The Federal Reserve the ECB the Bank of England even can not lift their foot off the pedal too quickly for fear of absolutely torpedoing an entire market baked on these very low yields these very low benchmark discount rates How much can you bet on that as being a driving force and actually look at bond yields where they are and count on them remaining so for the foreseeable future Yeah is you could say how there has been quite a parent hawkish shift in the policy outlook But if you look at the longer dated bond yields they are actually still pretty much at low levels like the U.S. taggers So one less than one and a half So mainly the shorter term deals I have reacted much more So I think I also still remain low have had the historical cycles but it will modestly trend higher But we don't think it will be high enough to deter the current market rally I think there are a number of reasons why long-term values will not rise as much because they're still a lot of demand for investors especially for U.S. yield Because they are the perceived safety and Jay Paul yesterday mentioned how the deals are much higher than JDB and the bulls So there's a lot of demand out there And if we remove it into a more slower growth phase next year and potentially you're talking about going back to normal growth rates in 2023 then with the rest of Marcus thinking that that would be a slowdown coming into the future And that would be safe havens So I do believe that the short term shorter term deals will go up further but the long term would remain relatively low compared to previous cycles And these are some very very accommodative financial decisions whether you talk about companies refinancing or about every household refinancing the mortgage rates based on these rates What then of the haven of big tech or not Janet Talk to us about asset allocation as we see the European Central Bank tried to hold our hand in a step by step process of them pushing back and weigh from bond buying as we see the Federal Reserve signal very eloquently how they're going to be leading us through potential rate hikes over the next three years What then of whether or not we should be buying technology anymore That's a great question We think that overall the market should continue to grow higher but we think there will be high volatility because when we have this shift in Central Bank policy the market will navigate it with a bit more volatility So it's not going to be as much cell compared to the start of this year And in terms of technology I mean we still like the U.S. with prefer the U.S. in our overall because we have this quality growth bias So we think that it is positive to discriminate a mouse all these soft out there You will call you one stops of balance sheets of Tesla textiles that can actually maintain their margins So it's not the test stocks that have stay at home theme or not making money relying on that huge cycle balance So that's why we saw a big uptick in the big tech name.
"jay paul" Discussed on Mornings With Gail - 1310 KFKA
"Stock up about four percent. In pre-market trading nordstrom will report second quarter earnings after the close ninety percent of s and p. Five hundred companies have reported altogether. Earnings are up ninety. Four point seven percent over the second quarter of last year this morning. The markets up not a whole lot but up the dow industrial average up forty four points at thirty five thousand three seventy nine the snp up four points at four thousand four hundred eighty three and the nasdaq again along with the snp in record territory. The nasdaq up. thirty five. Two tenths of one percent at fourteen thousand nine seventy seven Yield on the ten year treasury one point two six west texas intermediate crude oil up eighty cents at sixty six fifty. Yes expect a market moving event later this week from the feds. Annual jackson hole symposium. The meeting is virtual and it's on thursday fed chairman. Jerome powell will deliver a summary speech on friday. The fed has already started discussions on starting to reduce the monthly bond buying before the end of this year. Most fed watchers. Expect jay paul's friday speech to confirm a slow pullback bond buying and to offer very little if any if any comment on interest rate hikes fifty five percent of americans own stocks seventeen percent of americans now own. Bitcoin crypto traders. Say after about six weeks on the downside. Money is flowing back into the cryptocurrencies this morning. After trading over fifty thousand for the past several days it started this weekend and held throughout yesterday this morning. Bitcoin down five hundred and eighty dollars at forty eight thousand six fifty five so no surprises there. Essentially what you're saying as far as the fed is concerned expect no surprises. Not not to say there won't be but really really always have to head your bats expect no surprises so at least not in the immediate. It's not in the feds nature to surprise. You know i mean and you get things coming from the fed you get the j. paul speeches prepared remarks. That's where you shouldn't expect surprises. And if you do get them they're small and then you get comments from various fed officials the heads of the fed locations around the country in various fed governors and things like that and you get more surprises from them from j. paul on friday as a summary of the of the annual big fed meeting. Don't expect surprises. Okay sounds like a plan. Well you certainly don't want any surprises particularly bad ones when it comes to those retirement years. It doesn't matter where you are on your career path. I know you've got a bucket list. We all do right. I can only hope. The water keeps from dropping further at lake. Powell seen that water levels down one hundred and fifty eight lake powell at thirty eight percent capacity. Because that's on my bucket list for sure. But i digress. Not about me..
"jay paul" Discussed on Bloomberg Radio New York
"Powell Toe appear on a webinar hosted by Princeton. For those of you watching on television. What you're watching is something from the weapon are apparently showing up screens of the various people who participate in a soon as Jay Powell begins to speak will go directly to that. So, Michael, we put you on the spot. What do you expect to hear? Oh, now I see chair, pal. I think he's about to speak. Let's see if we can hear him now. We can. We could see him, but he's not speaking yet. So let me try to sneak this in. If I can. Mike would expect it from him. I think he will say that the Fed is in one sentence. The Fed is going to do whatever it takes to Cribbed from the former head of the G C B, they will keep their interest rate low. They will keep buying bonds, Mortgage and Treasury bonds as long as they need to get stimulus in the economy to overcome that hole that Mary Daly was talking about that bridge, she said that the Fed needs to be between the economy We have now and the economy we want to get, too. That's a formulation that Powell has used before. So I would think that that's that's his central message today will also be interested in hearing where he sees the economy is going. And as I said, how the Biden stimulus package might affect all that you have to love Jay Paul's business casual there. Exactly exactly. He's nice blue sweater and for this year and radio nice blue sweater. He looks very comfortable. We'll go to him just as soon as he starts speaking. I assume whatever it takes is fine. But is there anything they could do that would really help the situation. Nothing more. I mean, they do have. As you pointed out, they have pushed us into negative real rates, which is about his stimulus as much stimulus is they could put into the economy right now. If they did, Mork, you eat it, Maybe at the long end to tamp down on long rates. That's going to be more stimulus for asset prices as well. So they have to balance that out against where rates are and at this point, the Fed officials I've talked to including Mary Daly today. Don't think that at this What we need to push down on long rates. Yes, we've gone up over 1%. But at this point, it's not a problem for the economy. We're not so high that it's going to retired. Any kind of spending any kind of credit. The economy is still digging out of a deep hole in the one. The 1.2% 10 year rate isn't going to affect that. So it appears that they're having some technical problems of Prince. Of course, I must say I've never exposed experienced that. So I'm shocked that they have some problems trying to get past this technical problem. We've said before, Mike that maybe the big news of the day, maybe maybe even bigger than Jay Powell speaking is going to be president elect buying tonight, rolling out his stimulus package. In the past, J Power has been very willing to say We need more fiscal stimulus but been fairly circumspect. Is he going to be even doubly so today because he doesn't want to get ahead of the president elect ER. Maybe get crosswise of him. I'm sure that will be the case. He'll say it's not our job to tell you how to spend money. It's Congress's job to decide which way to stimulate the economy. Although he may endorse the idea off, extending perhaps even expanding the unemployment benefits that would expire in mid March. You could see him making a case for that, because obviously Given the jobless claims numbers today we're going to still have elevated numbers in mid March. Okay, Michael. Thank you so very much. What's my colleague, Bloomberg's Michael McKee. We're not going to go to the introduction of chair pile and then we'll listen to his remarks. This is the introduction of share pile as part of a webinar. Besides why Princeton University inflation targeting which came out off their review process defect went into And I was wondering whether we can specify a little bit more. The framework. What us Flexible mean where the average inflation over What time period One takes the average. What's the rationale behind it? Is it about how sticky prices and wages on how long will that be sticking? It? Is this driving the average Wasn't their maturity off the debt contracts. What's the average maturity of debt contracts that drives how long we take the over what period would take the average? Then it's about inflation measures as well, because now with the corporate crisis, the consumption basket is shifting a lot over the time period. How do we take this into accounts or going to a restaurant? Having a healthy meal? Is it definitely expensive? Just going to a restaurant and eating is probably not so expensive. So how do you measure inflation this way and that many, many challenges and the Mexican elaborate a little bit on this new framework, which I think is a very exciting we would like toe learn the audience would like to learn more about it..
"jay paul" Discussed on Bloomberg Radio New York
"On breaking news. It's 9 50 on Wall Street time to check him a Bloomberg opinion and we're joined by opinion columnist Ranjha Papa who's running, but the feds not so secret weapon to replace stimulus. So, Brian, this is a very eyecatching headline and an interesting analysis. I, you know, one of big, actually, the big sticking point now. Or was between the Democrats and Republicans was about $600 billion, right just about how much the aid to cities and states would cost right. So you're talking about the Fed using its municipal lending facility to in effect, step in and help the states and localities out. By bolstering their supporting their their bond sales explained the whole premise because it is quite is creative and very interesting. Yeah, exactly. So, I mean, ideally for states and cities because they're facing big tax revenue shortfalls, given the fact that the Corona virus pandemic has On the one hand caused the large search out appointments and additionally, there also, you know, having to cut workers trying to make it because because, after balance their budgets, so the ideal scenario Obviously to make up for that shortfall is that the federal government just grant money. But if that's not gonna happen, then the Fed has lending powers but not spending powers. As J. Paolo likes to say. So the Fed could make more affordable loans to states and cities because right now there's only been two issuers that have used a $500 billion facility Illinois and New York's which run the subways. So very few have taken advantage of the facility because the loans are just too expensive. The interest rates are just too high. And so they just cut the prices cut the interest rates. I mean, I'd be really helpful and more borrowers might be able to bridge their shortfalls that way, rather than take more permanent actions, like short changed their pension funds or lay off workers or cut back on public services. Well, the pension fund thing I don't think they have a lot of wiggle room on. I think that's it being a defined benefit program. That they've got to maintain a certain level of assets within that portfolio to be able to meet the benefit obligations. And I think this may have been one of the things that the Fed learned after the financial crisis because if you remember and maybe my memory needs a little bit of WD 40 here But I'm wondering whether or not the situation was that What the Congress approved and what was labeled shovel ready projects and distributed two states. One of the reasons that money didn't trickle down to a lot of the shovel ready projects was because the state's given the fact that asset prices had moved lower. They had to use that money to fortify those public pension funds, right? Right? I mean, that's partially true. On the other hand, there were many states that still simply had a short changed their pension funds in order to balance their budget. So I mean, you look, you don't know I wanted this one of the states that had to borrow through the effects facility because it was actually cheaper to do so that try to tap the public markets. I mean, they have the worst funded state pension plans in the country. Kentucky's are also pretty weak Connecticut New Jersey's I mean, a lot of states are struggling to make these promises that they that they that they pledged. And as a result, they have to face a lot of tough decisions, and we saw this strike the last downturn, they had to cut the number of employees on their payrolls and cut back on public services. And it really hampers the economic recovery. You hear about the slowest, most gradual economic recovery out of the out of a recession, and that's part of it. That's what Jay Paul's trying to avoid this time. But it's tough without fiscal stimulus, so he may have to get creative well, in the whole question of reforming the pension systems in these states could you know we've all seen the stories about you know someone who worked for the Long Island Railroad and he's got a $150,000 your pension or, you know and higher, right? And that's what happened in one of the states. But that's not really we're talking about. We're really talking about how the Fed, you know, forget about that part. Let's just say State state help regardless now, one thing when Powell was speaking at the virtual National Association for Business Economics event a couple of days ago, a speech that made a lot of ways because that's when he was almost begging for stimulus to come through. He was asked about this facility. And you said only two only two entities have used it. But he said, Well, what happened as with corporate bonds once we got in the market and said, We're backing it up yields came down. We didn't actually have to do all I think that that's been a very important part of this because what's everybody waiting for, or is he right? There's been enough change that they don't need to use the facility. Yeah. I mean, I hear that point, but I think ultimately when there's a difference between seeing yields in the market and actually getting those fields and feeling comfortable coming to the market, knowing that you'll get that yield, right? So the good thing about the Federal Reserve is its price, insensitive buyer, it says. This is the price at which we will buy your bonds. And that's really comforting. I think for a lot of states and cities that That might want to borrow to try to bridge the shortfall. And but our maybe nervous that if they if they come to the come to the public markets that they might not actually get those interest rates, I think you think about New Jersey. They're floating $4 billion or more in bond sales. I mean, it's really anyone's guess what the actual market appetite for four billion plus of New Jersey general obligation bonds is Whereas if you know you have the Fed facility there at an attractive interest rate. You know, they'll buy your bonds at that price. And I think that that's a big that's a big difference. And I understand the point that J. Paul makes and the others make that. Markets are settled down, so just let him be. But if they're not going to get stimulus funds from the physical side, then maybe the Fed has too strong on the market a little harder. Interesting because tonight, Kathleen spoke with Rob Kaplan, head of the Dallas Fed bank, and he's a little skeptical on this idea of increasing the level of of bond buying. Do you think that we could slowly begin to see development at the Fed of a consensus that Resists doing Mork Yui. That would be interesting because I think one of the things that the Federal Reserve hasn't really has kind of shied away from this idea of what kind of financing the government programs because that kind of makes people nervous, they think monetizing the debt, but I mean, ultimately, that's exactly what the Fed's doing for months now, So I asked him about that I was once a really quickly Brian because I said, is this money, modern monetary theory that you could have been pushed into And he said, Well, you know, the difference is it's a crisis and we have to do this now. But yes, I'll be in favor of pulling these things back once this is done. Yeah, exactly. And I mean, I think the general consensus from the Federal Reserve from J. Paulus down is that we are in crisis and we're going to remain in crisis for some time until the unemployment rate is not nearly as high and it gets back to me. J. Paul inherited The Federal Reserve at a time when the unemployment rate was much lower than it is now. And I think he's very uncomfortable with the fact especially after doing the Fed listens tours that The unemployment rate and joblessness is really affecting, you.
"jay paul" Discussed on Bloomberg Radio New York
"On Bloomberg Radio. All right, you are listening to Bloomberg BusinessWeek. Well, this was a story that jumped out at many of us when it hit the terminal this morning, just the sort of story that I feel like you sort of want to sink your teeth into. It's the sort of thing that makes you a little bit smarter when you're talking about the fed because we go so deep that Bloomberg about The mechanics and all the different things, but at the end of the day, so much of it is about the man or the woman at the top. And Jay Paul. He's been a little bit of an enigma. I have to say, and obviously a man in the midst of a massive crisis. So what is he really all about? We've got the guy who's got the answers. Rich Miller, economics reporter for Bloomberg. Jones is on the phone from DC Rich. Congrats on this story. I love it when you talk about Jay Powell. Aisling Alan Greenspan and Honestly, you had me there and then you just took it away. So take it away here. Tell us what you what you surmise in this story. Well, Alan Greenspan made his reputation as the sort of monetary maestro but by Following a very flexible Policy stance and being reading the tea leaves of the economy and not Ah Reacting rigidly to whatever economic models might say, And that's that's That's the approach that the Jerome Powell the seems to be taking, and that's the approach he late laid out in this virtual Jackson Hole conference recently, for example, Okay, they say, we're going. We're going. We're going toe. We want to shoot for inflation that will average 2% over time, and where willing to temporarily allow inflation to rise above 2% to achieve that? But he keeps it all a bit fuzzy. Like Greenspan. We're not saying average over what period of time. We're not saying how much of an overshoot we might. It's all very flexible, and that's on and that's the kind of style That Greenspan used during his 20 years atop the Fed and the academic to academic more academically trained economists who proceeded Powell. Janet Yellen and Ben Bernanke were Muchmore attuned to, you know. What did the economic models What? You know what? You know what? What? What? What? What is the past relationships that we see in these very complex models that the Fed has Telling us about how the economy is going to react. So what kind of a a different change in approach But bingo and this is what I love in your story. There's 70 moving parts to it that I love. First of all that. You reminded us that Greenspan never publicly embraced A numerical target for inflation. I think we've forgotten right because we've been so obsessed thanks to Bernanke, you know, and and others that we just 2% target. But what's interesting is you point out which that even you say the most theoretically rigorous economists would probably agree that the Fed needs to be nimble and battling the Corona virus crisis given out, and certainly outlook is Economic models build on past relationships are of limited value in analyzing a once in a century catastrophe. We don't have a playbook really on this. Wait it out and I mean, you can't throw the models completely out the window, right? I mean, but but but But you're right. You know, way just don't have a playbook and I know you hate that say, Well, the Fed is wing it a little bit right there. That's a little scary, but it is right. I mean, they rolled out like a program program lending facility after lending facility there in watch, just desperately trying to get the market's stabilized. One didn't work. We'll get another one. We're going. We're going. Another one would go another You know, and you know, Finally they've gotten the market's stabilized Now. Now it's hopeless. Let's let's try to get the economy recovered, but the way it because, you know, right all kind of winging it as we say at home, right? Yeah, absolutely that if there is one commonality among all.
"jay paul" Discussed on WNYC 93.9 FM
"I'm Kai Rizal. We would be remiss if we didn't did not mention on the program today. A big speech coming tomorrow from Fed Chair J. Powell. The title. Monetary Policy Framework Review. Is. I think we can all agree a tad dry What It's going to mean in real life, though, says economist him doing at the University of Oregon. And dry it all My expectation is the Fed's going to basically loosen up how they've been thinking about their 2% inflation target. Specifically, the Fed will actually try to overshoot there 2% target a little bit to make up for periods of undershooting, the 2% target. And that's a big deal because central bankers today are still really, really leery of inflation, flashing back as they do to the 19 seventies, and Paul Volker and a prime rate of 21, a half percent But what is this speech going to mean? For you and me where you're going to notice? A difference is maybe over the longer run like in this recovery, The federal probably won't raise interest rates as early as it did in the previous recovery. So maybe as a result of that the recovery is a little bit faster. And that would mean jobs that that broom or quickly that wages that grew more quickly and then maybe inflation was a little bit higher. And as so often happens with the Fed pal, merely talking about higher inflation could just nudge the economy all by itself, even the expectation that policy will be easier for longer. I could actually induced some of us to take economic activity now because it improves our confidence about the future. Tim doing at the University of Oregon there with the setup for Jay Paul's big speech tomorrow on inflation, it's all virtual. By the way, the Fed conference tomorrow You can watch pal speech. So you should you so choose. Go to the Kansas City. Feds. YouTube site YouTube dot com slash Kansas City Fed There are few things more importance when it comes to building wealth in this economy than.
"jay paul" Discussed on REAL 92.3
"And racial injustice in the black and brown community. Big boy's neighborhood I days up in here. What I day. Youtuber. Jake Paul is trouble and tell you during this whole pandemic big he's been throwing these huge massive parties in his home in Calabasas is and he hasn't stopped and I've seen videos of like so many people. I really feel like it's over 100 people in these parties that I've seen and I don't see mask. I don't see any type of social distancing. And now the mayor of Calabasas is Alicia. I don't know how to pronounce your last name. Wayne Truck Said that you know from their ego, Weintraub said. You know that this This is wrong. You know what he's doing. And J pop kind of responded like he's not going to, like, just sit around and not live his life because of this virus, and he blames it on our little leadership. Failing us big on that no one has answers. So he's going to continue to throw these parties which I think is super irresponsible, right? And, you know, it's like the leaders that whatever you know you don't let them lead and dictate everything else that you do. So why are you waiting for them to be in a position where they put a hard long on you? You know, seeing you know you shouldn't gather 100 people plus at your house, but it is his house and also Oh, Jake. Paul has made a lot of money, So I'm sure he owns the house that he throws parties in. But if he doesn't, maybe don't have, like some kind of city problem. You don't stand put. But there also are some people. You know, I dated just like man. I'm living my life. You know, sand and people they don't care. And that goes that goes for all his guests right because they're all adults that have decided to show up knowing they still stay there. So I think that it goes both ways. But I still think that it's very selfish because I feel like you are putting a lot of people at risk by hosting these parties on and allowing these people at your house, you know, and Jay Paul is preparing for a boxing match coming up against former N BA guard Nate Robinson in September. But this is going to be interesting. They're not going Have a life audience. Don't do Jake Paul's house. They have a hell of a minus. Well, maybe what are they waiting? Hopefully, Nate Robinson will beat it since September. Oh, there you go. Stop it, You know, just around your radios. Big boy's neighborhood. Dad, I'm sick of Mother was trying to tell.
"jay paul" Discussed on NewsRadio KFBK
"And FM Polic Times from ABC News. I'm Derek Dennis, a timeout from Twitter for President Trump and his son Don Jr Both are being sanctioned for posting a video from a doctor that once again towns hydroxy Claure Quinn as a Corona virus treatment. Twitter deleted the president's Retweets, saying they violated their policy. Against Corona virus misinformation. They also took action against the president's son, Donald Trump Jr. Who tweeted the video preventing him from posting new tweets for 12 hours. BBC's Jonathan Karl, meantime, the president continues to criticize Dr Anthony found she the nation's top infectious disease doctor for his handling of the virus. Despite file cheese high approval among Americans. He's got this high approval rating, so Why don't I have a high approval rating with respect and the administration with respect to the virus in response, vouch, he told ABC is good Morning America. I have not been misleading the American public under any circumstances. Turn. General William Barr interrogated Tuesday by House Democrats, including Washington State congresswoman from Mila Jay Paul, accusing him of selectively addressing protesters in Portland, Oregon, and other states bar under fire on several fronts. There is a real discrepancy. And how you react as theater knee general, the top cop in this country when white men with swastika storm a government building with guns, there is no need for the president. To quote activate you Democrats, accusing him of trying to help the president in his reelection campaign, sending law enforcement to Democratic led cities Bar, saying the violence in Portland justifies federal action. Republicans helping bar make his case are peaceful protests violent Mr Attorney General. No Democrats were not having it. Accusing Bar of a double standard. ABC is Pierre Thomas late Congressman John Lewis will lie in repose of the Georgia capital of his hometown, Atlanta later today. You're listening to ABC News on Diehard.
"jay paul" Discussed on WTVN
"They're being sanctioned for posting a video from a doctor that once again towns hydroxide Claure Quinn as a corona virus treatment. Twitter deleted the president's Retweets, saying they violated their policy against Corona virus misinformation. They also took action against the president's son, Donald Trump Jr. Who tweeted the video preventing him from posting new tweets for 12 hours. NBC's Jonathan Karl, meantime, the president continues to criticize Dr Anthony found she the nation's top infectious disease doctor for his handling of the virus. Despite file cheese high approval among Americans. He's got this high approval ready so Why don't I have a high approval rating with respect and the administration with respect to the virus in response, vouch, he told ABC is good Morning America. I have not been misleading the American public under any circumstances. Colonel General William Barr, interrogated Tuesday by House Democrats, including Washington State congresswoman from Mila Jay Paul, accusing him of selectively addressing protesters in Portland, Oregon, and other states bar under fire on several fronts. There is a real discrepancy in how you react as theater knee general, the top cop in this country when white men with swastikas storm a government building. With guns. There is no need for the president. To quote activate you Democrats, accusing him of trying to help the president in his reelection campaign, sending law enforcement to Democratic led cities Bar saying the violence in Portland justifies federal action. Republicans helping bar make his case are peaceful protests violent Mr Attorney general, No Democrats were not having it. Accusing bar of a double standard. ABC is Pierre Thomas late Congressman John Lewis will lie in repose of the Georgia capital of his hometown, Atlanta Later today, you're listening to ABC News. Do you know you might be overpaying for your Medicare supplement plan? Do you get lost enough of it Made plans like a B. C D and G asked,.
"jay paul" Discussed on KDOW
"Phil's gang okay so we had our job numbers today there are things wonderful shore you remember the ash this is Jay Paul last week we just have moved up in the last couple of years now way has moved up the last of the whatever the Tonya they haven't been moving up in the last couple years I've told you that our wages we have any wage increase the big problem we have is the purchasing power over dollars are declining because there's so much debt just a few of them get you have a stock market is going straight up because they print all this money and they give it to the very rich they go to main street free interest rates very low interest rates they keep on buying stocks keep going up the folks on main street fifty percent don't even have any savings so were they doing for them they go ahead and they make sure that they give them easy credit low interest rates so they going consume and what they don't understand is as they're consuming and they're creating get to where now they got the highest whole household that in history every time they are buying on credit the open up their wallets if they open up their wall and look at the pieces of paper it's all they are their papers units of paper you just take your tired one right here is unit there what they don't understand they're out there they're happy the they're they're they're looking at the stock market they're being told by these phony Chinese fake fur any financial news network our venture effect look at the stock market trying a condom is great go out and spend they give them credit go buy a car go buy a motorcycle going down here get you going to go on even though you're spending more money here don't worry because I spend more than your income your okay look at the stock market's going up even though fifty percent of people that work on a and a penny stocks but as long as they see the stock market going up they don't realize only the very wealthy or you're getting it getting rich yeah must be okay they say to themselves I think I'll get another credit card things are good I mean told by CME CME told by fox he told my embassy and be told by Bloomberg everything's fine so I think I'll get in a cracker Hillary out spending and spending and as their debt keeps going up they're all excited right that's going to keep going out there buying stuff they don't think about the debt so they're just going from zero to ten the worth of the purchasing power in their dollar right here this guy is dropping from ten back down to the day zero so as they are buying stuff because all on credit you're not using cash think about this there gets going let's pretend from zero to ten that they don't realize is the wall at the D. dollar bills for units are going down from judges euro just the opposite way so a one point what happens at one point the crash begins and that's right where we are.
"jay paul" Discussed on 860AM The Answer
"And welcome back to Phil's gang okay so we had our job numbers today there are things wonderful shore. you remember the ash this is Jay Paul last week we just have moved out in the last couple of years now wages moved up the last of the water Tanya they haven't been moving up in the last couple years I've told you that. our wages we have any wage increase. the big problem we have is the purchasing power of our dollars are declining because there's so much debt. just a few of them get. you have a stock market is going straight up because they print all this money and they give it to the very rich they go to main street free interest rates very low interest rates they keep on buying stocks keep going up. the folks on main street. fifty percent don't even have any savings. so what are you doing for them they go ahead and they make sure that they give them easy credit low interest rates so they go on consume. and what they don't understand. is as they're consuming head there creating get to where now they got the highest whole household that in history. they are buying on credit. the open up their wallets if they open up their wall and look at the pieces of paper thali either papers you use a paper you just take your tired when writers unit. there. so they don't understand they're out there they're happy. the the the they're they're they're looking at the stock market they're being told by these phony Chinese fake finish financial news network starving sure affect..
"jay paul" Discussed on Newsradio 1200 WOAI
"Hiking import tariffs on seventy five billion dollars worth of American goods on Friday president trump retaliating and increasing tariffs from twenty five percent to thirty on two hundred fifty billion dollars worth of goods imported from China he's also urged American companies to find sources other than China from which to buy goods before leaving Washington late Friday for the G. seven summit meeting president said there's got to be a better deal for many many years for over five hundred dollars thank you more than five hundred years old turmoil pushing the markets down Friday the Dow losing six hundred twenty three points the nasdaq off two hundred thirty nine president said again though the US economy is strong earlier Friday at an economic policy symposium the chair J. Paul agreeing but with the caviar when there's a sharp confrontation between two large economies you can see the effects on business confidence pretty quickly on financial markets pretty quickly we saw that in June but then we saw them on one president trump still at odds with his hand to pick fed chairman says of Jay Paul would choose to resign he wouldn't stop him president now in route to France and that weekend meeting of the G. seven countries the Supreme Court has announced the justice Ruth Bader Ginsburg has been treated for new health problems he's known for fierce intellect wrapped in her trademark lace collars hair scrunchies and Brooklyn accent as long as I can do the job for fifteen and do it a court statement indicates the justice went through three weeks of radiation therapy after a malignant tumor was found in her pancreas no further treatment is needed and she is continuing an active schedule works is Shannon bream reports justice Ginsburg is eighty six years old America is listening to fox news W. O. A. I. local news three people are dead following a pair of gang related shootings in Houston police say two people were shot dead near Calhoun street a third person was shot near by a man and a woman are hospitalized with gunshot wounds one suspect is in custody a Texas man accused.
AT&T faces challenge of paying off debt while investing in expanded services
"If you owe the Bank one hundred dollars jay-paul getting one said, it's your problem. You're the Bank one hundred million dollars. It's the bank's problem yo a hundred and sixty nine billion dollars could be everybody's prompt from American public media. This is marketplace. In Los Angeles. On car result is Wednesday today. The twenty fourth of April good as always to have you along everybody we begin in corporate America today. We're quarterly earnings reports have been the barometer the past couple of weeks AT and T had. It's turn this morning. Did find not quite as good as everybody had been guessing. But fine, the real story of AT and T though, an increasing number of businesses in this economy is it's giant pile of debt company promised last year. It was going to do something about how much it owed, and it is trying to make good. It has lost hundreds of thousands of TV and wireless subscribers as it's moved money away from promotions into paying down that debt, but for dealing with debt free TNT and others could be a problem down the road. Marketplace's Benesch or has the story. A so AT and T owes a hundred sixty nine billion dollars debt levels are really really high. I mean, they haven't been most. Debt of any public US company right now Keat Snyder is an industry analyst with CF RA AT and T has a lot of stuff in needs to do like get more content for HBO develop a streaming service. Roll out five G networks. This is all expensive bad debt load is acting is kind of financial handcuffs to them. Why did it take on all this debt in the first place own part because it could interest rates have been super low for a decade? You're a company, and you can borrow at these very low rates, and you have something to do with the money, you'd be kind of crazy not to do it. Kenneth Rogoff is a professor of economics at Harvard corporate debt in general nearly doubled in the past twelve years from less than five trillion dollars to more than nine trillion dollars. The problem is that some of the people borrowing our borrowing with vary. You restrictions. They're going down into much chunkier kinds of debt. He says there could be one or even two trillion dollars worth of this kind of debt out there. And it's mostly not companies like AT and T whose debt is. Investment grade. It's small and medium sized companies. It presents a risk certainly if and when we head into our next recession Carl tanenbaum is chief economist at Northern Trust, the when you have lower rated corporate debt, what that means is that the distance between performance and default is that much shorter depending on how intertwined in the broader financial system. All this debt is defaults could be distabilise for the economy. Unfortunately, the best way to find out is further to be another recession for now a recession in the next year or seems unlikely so debt-laden companies may have a little longer to clean up their books, but not forever in New York. I'm Sabrina sure for marketplace.
What Trump proposed in his 2020 budget
"Grilled President Trump's acting budget director a day after he laid out the administration's four point seven trillion dollar budget, which pushes the federal deficit passed one trillion dollars. Trump wants more than eight billion dollars for the barrier with Mexico. He's also asking for a big boost in military spending, that's alongside steep cuts in health care and economic support programs for the poor the plan also retains the huge Republican tax cuts for the wealthy and the richest corporations that the Congressional Budget Office has projected will add one point nine trillion dollars to the deficit over a ten year period. Massachusetts Democrat Seth Bolton. Pressed acting budget director Russ vote on the consequences of that tax cut. I'm just curious how. How many of Mr. Trump's eight point six billion dollar walls? Could he build with one point nine trillion dollars? I haven't done the math on that more than two hundred twenty two hundred twenty two hundred twenty miles two hundred and twenty of his full walls. Now just to compare that to some democratic priorities. What do you think one point nine trillion dollars would do for education funding in the United States that make a difference in our kids lives? We believe this this budget fully funds. What is necessary to continue to educate? Our children. Washington state congresswoman Paul pointed to the massive increase in military spending proposed by Trump, including a huge increase in the overseas. Contingency operations also known as the Pentagon's slush fund in this budget. How much does the president proposed cutting the department of defense department slush fund in in twenty fiscal year? Twenty we propose increasing the how much are you proposing to increase it by increase it up to from sixty nine billion to one hundred and sixty four billion. So you're proposing to increase the slush fund that has been called that by the president's chief of staff, and by our our chairman of the Armed Services Committee by one hundred and thirty eight percent to one hundred and sixty five billion over twenty nineteen jay-paul noted that last fall, the Pentagon failed its first ever comprehensive audit and asked whether it shouldn't come into compliance before. Trump grants it more higher spending levels. Democrats also denounced the massive cuts in health care. The Trump budget proposal, including one and a half trillion dollars to Medicaid and eight hundred forty five billion to Medicare over the next ten years, Texas, Democrats Sheila jackson-lee said the budget targets the most vulnerable Americans this budget attacks the most vulnerable in this nation. It is unequal and wealth. The tax scam is still the most powerful undermining of growth and prosperity in this nation by pushing money toward the top zero point one percent or the top one percent and leaving those who can add to the economy along the highway of despair this budget will not go. Texas democrat Lloyd Doggett twenty two cuts in federal education spending with reference to education, I'm greatly troubled that at a time when we face a physician shortage, a growing shortage you propose to eliminate all of the loan forgiveness programs that are available to get those physicians as well as law enforcement and teachers and under served areas. This is a great step backwards as are your cuts in student financial assistance, Silicon Valley congressman ro Khanna pressed vote on cuts to federal scientific agencies. And you're cutting the National Institute of health budget by four hundred four point nine billion dollars. Is that correct? We ha- we bring the national institutes of health down to about thirty three billion. You see why I mean not trying to be parties? So DC's why some people may think that you don't believe in science and technology when when you're cutting the National Science Foundation by a billion when you're cutting the national. By four billion, which the Republican congress by the increase two billion last. Democrats accused Trump of going back on his campaign promise to protect Medicare after he introduced the two thousand twenty budget the calls for steep cuts in Medicare payments to hospitals. House. Speaker Nancy Pelosi said the budget embodies longstanding Republican ambitions to make Medicare wither on the vine Pelosi said in a statement after exploding the deficit with his GOP tax scam for the rich President Trump is once again trying to ransack Medicare, Medicaid and the health care of seniors and families across America. This budget says promises kept said Senate Democratic leader Chuck Schumer of New York balderdash.
Janet Yellen says Trump doesn't understand macroeconomic policy
"I I'm gonna play you to a piece of tape that we had on this program on Monday. And then we're gonna talk about it. You're ready ready? Okay. Here we go. Do you think the president has a grasp of macroeconomic policy? No not. So that was me obviously and one Janet Yellen in her office at Brookings. We spoke last week we aired at this Monday. Here's Dan my question for you. Were you surprised that she said it out loud? You know, what I like how Dr Janet Yellen is really letting jelly from BK step at the forefront and let you know with really good. Jelly from vk is not playing around. I, and you know, what this is the thing. Here's the thing that so many economists so many economic strategies so many market strategist have told me over time. It's clear that the president doesn't understand how macroeconomic policy or economic policy or even monetary policy. I don't think he understands how fiscal policy works and for her to step out and say it, I think was really great because it's been the sort of unspoken secret. And, you know, everyone in the the president's cabinet everyone on, you know, on Capitol Hill seems to save these things, and I love the genuine was just wants to know. Now, he doesn't so Gina. I'm going to play one more piece tape from you this is from the following day. It's a hearing on Capitol Hill. You may actually well have been there. I don't know the first force you're gonna here is shared Brown democratic Senator of Ojo, and then the current fetter jay-paul Hugo, thank you. Thank you again for being here term yesterday, your predecessor Janet Yellen said. He doesn't think President Trump has a grasp of macroeconomic policy is she right? I won't have any comment on that for you Senator. All right. Guess I'm not surprised of of course, he was going to say that Gina, but two point about sanding out loud. How much does it matter? Yes. I think it's an interesting question. Certainly I was really surprised to read that in your interview transcript twinning came out. I had to eat totally honest, just because. So was I. Honesty. So as I- jelly from vk because they have been so careful about avoiding sort of getting into the political fray avoiding being critical in an outright way of the Trump administration. And there's a good reason for that. You know, when they criticize politicians they open themselves up to criticism. And I think we should be clear. Janet Yellen is no longer at the fed. But that doesn't mean she has no influence at the fed. She's in regular communication with Jay pal? She said that in the interview you had with her. And so I think it's surprising to me that she would sort of open up this conversation in in such a sort of forthright way. Jay testimony since since he's the guy with the job. Now was up on the hill twice this week. Once the house wants the Senate, basically said everything's all right? You know? Yes, we have a little too much dead. And you know, I'm little worried about the economy run on gas sometime. But basically everything's fine. Right. Yeah. That's what he said. And I I was having a conversation today with a macro economist, and the interesting thing that he also said in his testimony that I really thought didn't get enough play was talking about stopping the balance sheet runoff, essentially, what he's saying is the fed is going to continue to buy hundreds of billions of dollars of bonds in perpetuity with no end in sight, the fetishes stork Lee held about one or two trillion dollars on this balance sheet. It's got more than double that right now. And the idea was if we're running this healthy economy where things are functioning as they're supposed to where people have jobs. Unemployment's low all these macroeconomic indicators are pointing up that the fed should be able to stop stimulating the economy by buying all these bonds and Powell saying, no, you know, we. Think we're probably going to stop doing that this thing that was supposed to be on automatic pilot as he said for the rest of the year really says that wow, this economy can't stand on its own. That's something I think people should pay more attention to art so Gina with with the caveat that you too are. You know fed aficionados I'm going to turn us to trade here for a second. Right. Because there were China talks last week. Robert lighthizer was on Capitol Hill this week saying you will see the deal goes it's going to be really hard your thoughts on on perhaps where or when this ends. Yes. So I think there's a really interesting question here because what Robert lighthizer said was a little bit at odds with what President Trump had previously said, you know, Trump was pretty declared. If they're making progress in lighthizer got up and had a lot of ifs as my pops. And so my call Jenny Leonard reported that US is actually I ING potentially as she Trump's on it as she from being from China Trump's summit potentially as soon as mid-march so actually. Pretty accelerated timeline there. Now that is just, you know, an anonymous source in we're not sure how realistic that is time line. But it does seem like there is still some impetus from the White House to get something done on this fairly soon. We'll let me ask you both actually in India, and you get to go first the same question. I asked last Friday, which was has the president put himself in a corner where he now has to make a deal excuse me has to make a deal because there will be and people are starting to feel the macroeconomic macroeconomic impact. Yeah. I mean, the short answer is. Yes. Like everyone on the market that I've talked to and not just recently going back six months, twelve months really since he got elected has expected that there's going to be a deal with China. We're gonna have some marginal changes a lot like what happened with NAFTA. And we're going to get a deal the president's going to call it the best ever everyone goes home for dinner that's been the expectation for the market for a long time. And everything else really has just been noise. Which is why you haven't seen a lot of market moves during the process, raw Gina, thirty seconds. Same question to you is has the president put himself in a corner here. So I'm gonna agree that yes is the short answer. I would add. Twenty six seconds. A caveat to that at this moment is that a lot of the things that were making that a really essential move that Trump had to make a lot of the cracks in the data have seemed to sort of play out not such a bad way in the last couple of weeks. You know, the stock market really rebounded. Thanks to the fed. I think we've seen fourth quarter GDP numbers came in looking grit ease knowledge, you know, the year year over year GDP was really good in the fourth quarter. And so I think those things do take some of the pressure off. Although clearly not all of it. And I think there is still the expectation certainly beacon markets that there is going to be some kind of an agreement here
"jay paul" Discussed on Bloomberg Radio New York
"Jay Powell as Federal Reserve chair his legacy Jason so far kind of a shared one with former fed chairman his predecessor Janet Yellen and one of kind of a lot of patients. But now it starts to get a bit trickier. Well, it gets a little trickier. And as we know he's had quite the relationship at least from a public relations perspective with the guy who appointed him President, Donald Trump, he celebrated his sixty six birthday by having dinner with rich Clarita and President Trump here to help us make sense of the Powell legacy one year end Gina smiley joins us from Washington. So Jay Powell Gina. Where's he at these days? He is pretty much doing exactly what Janet Yellen did still. I think in the sense that he is still pursuing a really patient gradual rate path that is really aimed at allowing the labor market to make as much progress as. Possible while still restraining inflation. We heard him signal at the Federal Open Market committee meeting on January thirtieth the fed might be taking a pie now for the foreseeable future. So still very much taking this sort of cautious approach, and I think the real story of continuity, so far well, and let's remind folks that back in December. If we were having this conversation six weeks ago, it would be very different because the markets the president everybody was a little grumpy with Jay Powell, actually impatient with. Yeah. Absolutely. But I think one of the things that I think is so interesting about looking at legacies Janney. Allen's legacy and j Powell's legacy, and sort of comparing them is at the end of the day, followed a really similar what is called in in walk speaker reaction function. You know, they both moved rates up when Connie was looking stronger and inflation looks like it might be headed up and unemployment was headed lower. And then they both took pauses when it seemed like there were risks on the horizon. Immediate signs that global growth showing some cracks that cetera. And so when he gets particularly interesting about that is Janet Yellen repeatedly took fire from every side because she was going to slow on rate hikes. And there is this real concern that she was going to let inflation get out away from her. I think Jay Powell took criticism for the exact opposite reason because there is this idea that he was going to hike right into a recession at the fed was going to be the cause of the next recession. And now that he's paused. It's funny because he's taking a lot of heat for capitulating to the markets. Very kind of you know, you can't win and let's get into that a little bit right? Because here we are just what a few months away four or five months away from being the longest US expansion on record. We keep talking know over the last couple of years about a Goldilocks economy, not too hot. We still have job growth. But it's a tricky time for Jay Powell in terms of what he does next. Absolutely. And here I think the moment where j pals legacy divergence frowns from the patch. Janet Yellen set out. Out for him. Because what pal is going to have to do together with his colleagues over the next couple of years create some sort of a playbook for the next recession. We have already seen him sort of decide what's going to happen with the balance sheet, the fed decided at their January meeting that they're going to stick with your current operating framework on the balance sheet had a slightly bigger balance sheet, and they had in the past. That was a big decision. We've got even bigger decisions down the road. They're going to have to talk about things like the inflation target the right one to be using what you do in a world where interest rates are permanently lower, which means you have less ammunition. If there is an economic crisis because the feds primary tool to fight crises is really cutting that that at funds, right if their most potent piece of ammunition in their in their took. And so I think there's there these real questions, and they're not resolved. Jay pal is going to be the person in charge of the committee when they have to go through those questions, and and come up with answers that could potentially be politically difficult and Gina help us understand. And you alluded to this a little bit earlier. What role do the markets play? I mean, obviously, they wanna be the fed says that they look at all the data their data dependent patients all of that good stuff. And yet they can't ignore the opinions, shall we say sometimes stated quite loudly of the markets in the way markets are moving and their reflection of consumer sentiment and all of those other things. So how does he put all this together? I think there's a real new ones that gets overlooked in this because a lot of times people sort of paint instead Kadhamy where the fed says, they don't look at markets. But clearly they do and and there's this idea that there's a power play. But I think what really happens is the fed books at asset price movements inasmuch as they impact the economic outlook stocks are selling off. And it seems like the kind of thing where it actively affecting business and consumer sentiment, and it might have knock on affects for the economy. They care about that. If stocks are selling off. And credit spreads are tightening or widening. And what what you see is something that could feed into financial conditions overall and really restrained growth in the economy. They care about that what they don't care about is a temporary blip in the stock market where you know, stock markets get mad because Jay Paul said he's going to hike rates again they sell off then they recover quickly. I don't think they particularly care about that. Would they care about is sustained moves that might bleed into the real economy? And they absolutely look at that. It is clearly something that they're thinking about when they're setting interest rates, and I think they're fairly transparent about that. But I like I said, I think the nuance gets lost Gina. I definitely do feel like speaking of nuances. I feel like I j Powell's kind of learning on the job, right? A year end. Certainly if you take a look at the most recent fed meeting and the press conference and kind of what we what we heard prior to that leading up to it about kind of being willing to do what needs to be done to some extent and looking at the financial markets and then meeting with the president not unprecedented. But it doesn't happen a lot. I feel like he's learning how to manage the situation. Whether it's the finance. Markets or whether it's the White House. Yeah. And I want to talk about that meeting with the president. Because I think it's particularly interesting on this point. You know, he like you said it's not unprecedented for fed chair to meet with the president. They actually started team do meet with the residents who appointed them. But what's different here is that Donald Trump has been extremely critical of Jay Powell in a way that really since the nineties. No, president has been if they're fed chair since Clinton was in office, basically presidents have really taken made a point of leading their French hairdo as they will not commenting on it and not pressuring them to go one way or the other on interest rates. Donald Trump has been very open and has tweeted actively and giving interviews in which he's criticized house actions and said he shouldn't be hiking rates. And he's the biggest problem economy has right now things of that nature. And so I think that this meeting took on a real added importance and west momentous because of that and the fed actually gave us a read out saying that the media happened in the first place the White House. And then saying that how really just went in there and reiterated this idea that the fed is a politically independent institution. They will hike rates if they're finding warrants it, and that they are tasked with stool goal from congress of stabilizing unemployment at a low level and maintaining stable inflation. And that that is the thing that they serve above all else. Not the White House. That's Bloomberg news reporter genus smile. Like smart story about Jay Powell fed chairman. What is legacy will be so far? He's really followed. What Janet Yellen his predecessor has done in terms of lots of patients, right? And following what's going on? But he is living in a tricky time in terms of managing the economy and the impact of fed policy on the economy, so great historical perspective as you say and some nice predictions about.
"jay paul" Discussed on KQED Radio
"As the active sweeping can take on layers of meaning far beyond the everyday social things. It's a rhythmic movement that slides into meditation. A repetitive tasks that can take on the quality of ritual. Plenty. The imagery of the boom and sweeping has worked its way deep into language traditions and beliefs. I'm weeping my fuel. Early morning as soon as vita is up. It is in a culture that we should speed. The flow. Because in India. We follow the rules of nature nominee is not alone. She's from jay-paul across the world and through time. People often women have been sweeping their homes that places of work and worship as soon as the sun rises, the lady of the house is expected to rise to and then clean the house. The house of the along with that we feel on negative energies of the house also taken out. When I make in Bombay, I would wake in the early morning to the sound of sweeping the compound outside the window. It was a long slow stroke that worked its way into the space between being half asleep. And half a week. Sweeping is deeply ingrained in Indian culture and traditions. The boom take is associated with the two goddesses. What is lush me? Which is what is best. So we consider that defeated the broomstick we give respect to goddess left me. I'm belt comes inside, Al homes. Another gorgeous, heat, which is gorgeous. Who is this good health? And this is with a broom in hand. So when we worship the goddess. Also worshiping the..
"jay paul" Discussed on Biz Talk Radio
"You could learn something. My favorite is Jimmy Shirley, roast anybody could do Jimmy Stewart. Even you could do. He won along with that through some ad libs in all my gosh. The audience went crazy. I've noticed lately that. You're Jimmy Stewart is just well, it just isn't what it used to be. It's slipping or whatnot. Well, let me give mama. Give me a few pointers share? Well before slaying you're gotta do with his put your hand out like. Mike conley? Oh god. Talking to worldwide legend, Mr. rich little he is the author of a new book little by little people. I've known him. Ben gotta show going at the Tropicana in Las Vegas, and Mr. little I understand didn't you break a record. When you sign your contract with the Tropicana. Well, I don't know whether I'm one of the longest people era, the narrator three years on. I'm sure there been other people there longer than that. Longest running engagement there. So so something in the air, but. Maybe I don't I don't -gratulations. Hey, I understand Jimmy Stewart. You like doing him? Really? Well, and I know you do you wanna do George Burns? Yeah. George burns. I had a wonderful with George Burns. He was just such a marvelous man, and you know, any talk about things that wow. Interesting people that were long gone, and I used to think after I talked to him. I wish I dated a lot of what he said because nobody had the memory that he had George workers. Yeah. I'm I can remember one sexually thirty and the air was clean. Actor Mark on. How extraordinary you're telling us for drawing with that charcoal. I mean, the likeness is so so perfect and you've been doing that your whole life to right? Oh, yeah. Yeah. I I've been let's see drawn or sketching before I did impressions. I think when I was twelve and I've done a lot of people like Tom Cruise and. Oh my gosh. So many of George Clooney and. And this is the guy James Mason. James Mason was responsible for me doing the Judy Garland show because Mel Torme played Chepe Judy Garland of me doing a number of impressions. And she said, I don't like impersonators. So turn that off and melts out. That was the end on me. I'm wasn't going to get a booking on the show. And then she heard me do hurt me germs Morrison. I want you hard germs Muslim. She said come on the show. And that's all I got on the show, much joy, John. Oh my gosh. I don't know how you chose the stories to put to put in a book must be just be so many. People were probably very flattered when you would impersonate them was anyone ever annoyed? Paul land. You remember foulland? Sure key, not like. Add all and when I would do on Hollywood squares store Dean Martin rose. I mean, he would make the worst face like. Oh, yeah. Oh, Jose doling that that's disgusting. And he just didn't like it. Most people are flattered that. I'm Jay Paul was not he did not like it at all Richard Nixon surprisingly impression, I didn't think he would. But a friend of his this is years ago told me that you to watch on TV do him. And he was just roaring was laughter. So that's interesting. It is. But it's notable to how you you. Don't just do the voice and they're their characteristics. You actually draw on their posture too. Especially with Nixon you can see that. Yeah. Yeah. Nixon Nixon was very visual. And I did a lot of Nixon back in the seventies. You know? Gosh, I did Nixon so much my own tried to each. Oh, man. It's just it's too much. It's too much. Makes you wonder what Dr Ruth another one presidents over the years. A lot of president. Most of them. I do about President Clinton, sir. Sitting around while I do porn. On on. So on so disappointed that Hillary didn't get the White House. There would have been great seeing a woman finally in in the White House..
"jay paul" Discussed on News Radio 690 KTSM
"January nineteen twenty nineteen. I am again, your host Andrew jay-paul here for our last segment and silts continue our conversation here with state rep, Joe moody, and we were talking a little bit during the break there. The conversation continues on Facebook dot com slash talk. Oh pass. If you wanna check that out. But some of the issues flying under the radar this time along clothing some funding for infrastructure and some of the unincorporated parts of our area we also being discussed by other state reps. But so when it comes to the major things we're looking at for this this legislative session, one of the things that you mentioned in our first segment here was the funding for some of the healthcare issues in Paso, both when it comes to some of the different schools looking at for like a Texas Tech. And also, you know, you tap. So what do you think is going to be coming on the horizon there? Well. Both both you tap and Texas Tech health science center, El Paso are critical to to our community. And we know that don't want to forget the community college. Which by the way has an extraordinary relationship with the university of Texas, El Paso, and so that that's actually, you know, people people outside of El Paso, look at that and want that for their region. They want that relate that strong relationship between their university or community. College is not not it is not so in many other parts of the state sometimes antagonistic relationship, but through Dr not the least CEO and now Dr set out those leadership there has been a very good connection between the two institutions which is important and for our community and the population that those institutions serve it's critical. But. Medical expanding the expanding our ability to to grow the medical community here in El Paso is has been a part of the legislative agenda for before. I was there. And I'm sure it'll be there long after I'm gone. It's been a long time in process. I mean, the growth of their by Texas health sciences center has been amazing. I mean, I was walking by houses a few years back that are now going to be new school buildings here before too long, so the growth there, and that obviously doesn't happen overnight that has been a longtime chairman. No that that that's work of past delegations of community community leaders in Paso, making sure that their voi- their voice and their desires are heard at the capitol as well. And it's pretty much creating one voice one vision for that. As we push forward and said the latest chapter of that this session will be establishing the dental school at Texas Tech critical. Not just in this. Is not just no Paso thing. This is this is for the region, and we have a shortage in this could be set of a lot of areas and in healthcare, but we have a very big shortage in in the dental the dental community not just here. But in the region across the state, so what we can do to help alleviate that is by opening opening that dental school. So we're working on that the pharmacy school at you tip is critical as well. And while it exists that the funding is not adequate it just isn't. It does not to have not not able to run the program that we need and we deserve. And so I would say not that there aren't other important component pieces to. To how are you? Higher education is going to work in El Paso and four Paso. But those two components I think are are going to garner. The most attention from your your local delegation, and you know, the people in Austin are going to know that they're important to us and another aspect of financing and funding for for local things here is something that I think is near dear to a lot of people's hearts is the Wyler aerial tramway and the state parks because of course, we've had the Wyler aerial tramway. If you drive by fifty four you see that sign with that kind of hurtful close sticker on it. And that's there's a there was a study authorized that a couple hundred thousand dollars to do feasability study. Because basically, it's just old and it wore out. So what are you looking at for from the legislative side of trying to get things done there? This is a iconic piece of the community everyone that I've talked to since the announcement that it was closed has been heartbroken. In it, certainly I will say this in terms of timing. And we talked about timing in the legislature earlier in terms of the timing of this announcement, it probably couldn't have come at a worse time. Boy because the timing was the budget says we are going into the next session were already being written or had been written. And so you're just you're behind the eight ball in the feasibility study is great. And I think we certainly should take that as an opportunity again, you have to turn a native, no positive. This is an opportunity to reimagined what that tram can be. Because actually that tram was never meant to be an attraction. Oh, it was. Equipment. Yeah. Yeah. And we turned it into one. Now, we can now again trying to see glass half full. We have the opportunity to we have. Now said we want the state park system knows El Paso wants us as a community. We want it to be an attraction here. And now we want to be a top notch attraction. And so what is that? Look like, what does it cost? It's unique within the system. There's you can't just you can't go to any engineer to figure out how to put tram this is very specific. So it's it's got to be custom. There's no off the shelf solution here now. So the delegation certainly is exploring every single option even though like I said came the the shuttering of it came in a very bad time for the budget for budget writing. But we are we are going to look in every corner of the budget to figure out how we can start to solve that problem this session, as you said, we meet only once every two years one hundred forty days we have to move that ball down the field this session. We can't let this. We can't let the neck. Four and a half months. Go by without moving that somewhere. You know, the the good thing that we will see here at the end of session is we'll see a ribbon cutting at the new Franklin mountain state park visitor's center, and it is about four miles. About forty percent complete out there. They've done a lot of the piping out in the Tom May's unit. A lot of construction going on trans mountain on the on the west side of the mountain. There are a lot of a lot of weird things. They might not be able to tell what's going on out there just from the road. But so is in progress. Yeah. That's what you're looking at. That's what is they'll. Pour. The concrete slab probably next couple of weeks, you'll see it out there, and and more we're often running so that we have the largest state park in an urban area in the entire country. And when I started in this ten years ago and just hard to say. I sat down with then Senator Eliot chapel, and he had been working on this and Pat Haggerty my predecessor had been working on this. And they said you got to keep pushing this has to get done. Why we don't have an amenity like this in our state park is a real tragedy. And so it has been a focus of mine since I set foot in that building. And so cutting the ribbon on it seems a little surreal, and I'm not going to believe it until it happens. But but El Paso deserves it, and it is a it is a testament to a lot of work that's gone gone into that project by a lot of people that came came before me. And then folks that I've served with so hopefully, we'll see that done and hopefully more funding, but how difficult is it to modify any of those budgets once they start really going into place. And I mean, I'm sure talking about things need to be done beforehand. I'm sure those are some of the first things that start getting written anytime the session even is on the horizon here. So I mean. Is this? I mean, people are gonna use to thinking about, you know, the national legislature, and you know, riders and attachments and different things. What are there any of those kind of methods or maneuverings that can be done with when it comes to the Texas legislature? Sure. Oh, yeah. You can you can work within the budget process to plug a writer in here there. We were able to get a writer last session for thirty two million dollars for our ports of entry. So. I mean, it takes some maneuvering and take some that. I mean takes being there for a couple of sessions to kind of understand the the mechanics of the budget process. I I can't claim to know everything about it. But it is it is it is a massive process. But but we. You know, if you have the ability to work and get creative, and and maybe talk to someone a little bit smarter than yourself and and trust their guidance, and you can get some stuff done. Gotcha. So hopefully, we'll be able to see some movement there. And then one of the major thing that we talked about here is, of course, the fact that we're going to be having a one more person coming up onto the the blood slate of delegation here, and we have a few people up on four election there as well. I believe we have a running for again the see being vacated by Joe Pickett retiring for health reasons. And so we have art fiero who's the chairman of the past the community college board, Michael no, of course, outgoing hassle city councilman and then Hans SAS infield. General activists has been reported by the Texas Tribune. And I believe you've made an endorsement in this race, right? Yes. Myself in the entire sitting Paso delegation has endorsed art fiero to replace Japan. Let me say first that we are. This is a community. That's gonna miss chairman pickets work at the legislature, wishing the best and certainly will be we'll be praying for him as he as he as he. He faces this this battle I but he is a fierce opponent in the legislature. And so I think that if he takes that same spirit to the fight that he's going through. Now, he's going to be just fine. But our prayers are with him and hope that he gets a full recovery. Yeah. It's definitely been impactful. I mean in terms of transportation, and that kind of focus both locally and statewide in the state legislature. So what are you? I guess. It's hard to replace someone with that kind of experience. But what kind of skill set stood a dozen new legislation Nita bring to make it work, particularly at this point in the session. I, you know, that's that's the that's gonna be the challenge. And we've seen it over the last couple of sessions when people come in in special elections. Luckily, the governor set this one pretty quick, right? Yeah. It was it was it was like a month turnaround. Probably quicker than the candidates want hit. I would've. But, but you know, it's it's it's going to be a blessing because if the election is over at the end of January, and they certified the election they'll be able to jump into the early part of the committee process now, they're still it's still a learning curve. It's a learning curve for your first two sessions as a whole. So that's just kind of the way it is. But if if they're not if are no runoff in and they can jump into the early part of the committee process, then they're going to get their feet under them a little bit. And you have someone like and again, I mean full disclosure back. Art fiero in this race. You have someone like our fear. That's actually been working with the legislature for years in his capacity at the community college. He has a good relationship with all of us..
Retail in the sky: Facebook picks organic food vendor in new SF tower
"You're listening to the spoken edition of the San Francisco Chronicle. Retail in the sky organic food vendor. Coffee. Join Facebook in new San Francisco tower by Rowland Lee from business next week grain bowls and salads will go on sale in a new San Francisco tower, leased by Facebook, organic food and juice company. Urban remedy is opening on Wednesday on the ground floor of one eighty one Fremont the city's third tallest tower. A short elevator ride away. Andy town coffee is slated to open on the tower seventh floor according to a building permit filed in October the tower at one eighty one Fremont has almost four times as much retail space on the seventh floor as on the ground floor. That's unusually high up most retailers in San Francisco are in the first two floors of a building with a few exceptions like Nordstrom in the upper floors of the Westfield. San Francisco centre a few bars or restaurants ccupied top floor locations, but having a copy shop in the higher floors of an office building is a rarity Andy towns owner. Did not respond to a request for comment. The location has another challenge albeit temporary one Salesforce park. The public Greenspace atop the transbay transit center, which has been closed after the discovery of two cracked steel beams Paul Coletta. C E O of urban remedy said the building was an opportunity when we made the decision. We thought that the park would be opened said Coletta. We're confident that there will be more than enough street level and residential traffic. The store will be urban remedies fifth in San Francisco and seventeenth overall. The company also sells its products in the ferry building. And at the new Amazon. Go store in the financial district Coletta declined to say what his company would pay Facebook and its subsidiary Instagram lease all of the office space in the eight hundred two foot tower, which is owned by developer Jay, Paul company. There are fifty five high end condos on the upper floors of the building one fifteen million dollar unit sold for a record breaking four thousand five hundred nine dollars per square foot earlier this year. In a penthouse is listed for forty two million dollars. Facebook also has a corporate cafeteria at one eighty one Fremont. According to the department of health we wanted to offer a unique high quality food option that was missing from the neighborhood said Anthony Harrison a Facebook spokesman in statement, the store will be four hundred square feet about two hundred square feet smaller than typical store and will have four to five employee's. It will also have a fourteen foot neon. Sign to draw in customers. We love nontraditional and small spaces said Coletta. You'll see us in shipping containers. You'll see we have brick and mortar stores inside whole foods stores. The store will offer seventy five products including bowls protein bars and much of ours. With an average price of about eight dollars items are ready to eat and prepared offsite. It speaks to the needs of convenience Coletta said people are pressed for time, but they don't want to trade off quality.
Chipotle launches loyalty program in 3 cities, will expand it nationally in 2019
"In the balance as an FBI investigation into assault. Allegations begins as far as the scope of the investigation, the White House coins. This is all up to the Senate that the administration is not micro managing the FBI. Democrats disagree and finally in business news jay-paul lay is launching a loyalty program today in three cities. Unfortunately, Minneapolis is not on the list. Just yet we'll have to wait until