17 Burst results for "Jeannie Chan Xeno"
Bloomberg Radio New York
"jeannie chan xeno" Discussed on Bloomberg Radio New York
"Here when we need it most Bloomberg politics contributors Rick Davis and Jeannie Chan xeno will help us understand what happened politically over the last 48 hours and whether Congress can pass anything that might help. So let's get right to it. We start with an update on the markets holding together so far at least here's Denny's fellow greeny. Yeah, Joe and we check the markets all day long for you here at Bloomberg and the Dow has just turned negative but just slightly the S&P NASDAQ still in the green stocks did bounce earlier and sharply now we're losing gound go as the soul searching, in venture capital intensifies following the failure of SVB, and Michael wolff cofounder and CEO of activate consulting since ironically it was really the venture capitalists and social media that triggered the run on SVB in the first place, almost he says, in a meme stock kind of way. But starting on Wednesday, they already started advising their startups to take money out. And by Thursday, over $40 billion had already left Silicon Valley bank, and so in a lot of ways, this was self imposed and what's different about this versus 2008 was you had at that time you had Twitter that had 200,000 daily users. Today, all of the communication is happening through social media. It's not surprising. It had a run on the bank. And Michael will fare on Bloomberg surveillance. Meantime, signature bank has now also failed and is in the hands of the government. Los Angeles based San Francisco based first republic bank is trading again it was halted earlier it is down 63% right now, some video postings Joe on social media show people lined up there to get their money out of that bank. And right now the Dow down one ten to the percent and the S&P 500, it is just turned negative as well now Joe the NASDAQ, though it's holding steady it is still up 6 tenths of a percent. The yield on the ten year right now, 3.49%. The two year yield 4.12%, nymex crude, it is dropping down more than 2% spot gold is up more than 2%. And we're getting word Fannie Mae is delayed risky mortgage bond sales amid the market unrest and that Joe when you think about it is another form of liquidity balancing and easing with Fannie Mae delaying selling some of those assets. And that is a Bloomberg business flash. All right, today's thank you. Joe Biden
Bloomberg Radio New York
"jeannie chan xeno" Discussed on Bloomberg Radio New York
"Balance of power on Bloomberg television radio. I'm David Wesson. We've been talking about what happens in 2024 with the presidential race, but now let's talk about what's happening right now. Jeannie Chan xeno of iona university is still with us, and now we are joined by Republican strategist Doug high, who is I recall was communications director for the RNC at one point, Doug, great to have you here in New York with us. So one of the things we heard about over the weekend is the continued back and forth of the debt ceiling. And you show me yours and I'll show you mine, basically. Chuck Schumer said, show us your cuts. We had congresswoman. We're saying, you know what we should, but we're still working out, we had to have it yet. Who's got the better of this argument? At this point, it appears that Democrats do, and it's partly because they have more leverage. When I worked in the House of Representatives under Eric canner, we had the house, but we didn't have the Senate. We didn't have The White House. And one of the things that we really struggled with, and this was the 2013 shutdown, for instance, was overestimating our own leverage. And if you have the leverage, you ultimately have the better argument quite often in politics. And so if Republicans overestimate what they're going to be able to do here, that's a problem. And it's a further problem because Republicans are divided. You know, Mitch McConnell, quite often, tells Republicans in advance what they should do and what they shouldn't do, and he's usually right about this. When he warned about quality candidates, he was right when he's warned about mixed messages and talking about cutting social security, which he did over a year ago. He was right and it's why Republicans have been put back on their heels a little bit just in the past week or two. Is there an element that was not there even when Eric Cantor was there as a majority leader? And that is, it appears perhaps some members of the Republican caucus don't care about what can get done. They're not trying to get anything done. They just want to burn the place down. It feels like that from some of the more extreme elements. So some of that faction was there, certainly. In 2013, it's just a larger group who are ready to burn it down. And that's ultimately in politics so often it's about getting to yes. How do you get that deal? And some members are saying, if I can get everything I want, I'm still a no, and they're ultimately is a coalition in Republicans. We call the vote no hope, yes. And you're not going to vote for something, though you want it to pass. They don't want obviously there to be a crisis with the debt ceiling. They don't want there to be a default. But they also aren't committed to voting for it yet. And what can we get? What can Kevin negotiate with the Senate and with President Biden to get to yes, we don't know yet. Is there any vulnerability for the Democrats here and them over playing their hand? Because it is pretty easy to paint them with a pretty broad brush. Yeah, you just like to spend money. You know, your answer to everything is let's appropriate more money. That's right. And we heard the president's State of the Union absolutely are going to save social security, save Medicare, we understand his budget out March 9th is going to include increases in defense spending. Well, if that's what you're doing, how are you going to be fiscally responsible? So I think that is a question for The White House. And I think March 9th is going to be a big date when we see what are they proposing if what we're hearing, there's a lot of spending increases not so much cuts, and if you're going to cut the same question to the Republicans applies to the Democrats, where and where do you get support for that? Once you take so many things off the table for the Democrats, you're sort of left in no man's land of increasing the deficit and increasing spending. I didn't get the sense Joe Biden's worried that much about that, by the way. But it's a long-term question for Democrats. So what's the most likely way this plays out? Because you really have spent time up there on the hill, as well as in the Republican Party. Is it basically go right up to the precipice, right at the last possible second, and then they basically spend a lot of money. You know, Congress is quite often like college. And that you procrastinate, you procrastinate, and the test is due the next day, but you sometimes have the ability to move the test back. In this case, they really don't. And The White House has the leverage on what those dates are. What I worry is a lot of people in Washington, Republicans and Democrats think we're not going to breach the debt ceiling because we've never done it before. And if we've learned anything over the past few years, it's just because Washington hasn't done something before. Not only doesn't mean it can't happen. It means it might happen. And if I can say very quickly on Republican presidential, a lot of attention this week on Nikki Haley, but also look at Tim Scott, the senator from South Carolina. He's at a super PAC launch for him just last week with Cory Gardner, the former senator rob Collins, who used to run the Senate senatorial committee, one of the smartest GOP operatives out there. That not only makes the field more interesting, it makes South Carolina a lot more interesting. But what about the money, Doug, because last time I checked, I think Ron DeSantis, the governor of Florida has a lot of money. Donald Trump has a lot of money. I'm not sure that the rest of the field has a lot of money at this point. Well, this is where we were in a Brave New World with super PACS is if you get one person who supports you, they can write a check for not $500,000, but much, much more than that. The kind of money George Santos only dreams of raising. And that's what's going to keep a lot of these candidacies alive in the early part of this process before we even get to Iowa and South Carolina, New Hampshire. So Jamie, what do you think about the prospects for a Tim Scott? I think he's a very, very fascinating figure, I think it is the diversity in the Republican Party Nikki Haley Tim Scott, they represent some of the biggest diversity in the party at the top levels. And I think on the funding, we've seen the Koch brothers, adelson, they're saying they're going to step out somebody besides Trump. My question is, if Trump starts winning these primaries, do they either stay out completely or get back in? So I think there's big questions on the part of the big donors. And one of the questions I would have is, what does it take for president Trump, former president Trump to win those primaries? Last time we did it with like 30%, right? If he's got a lot of people up there on stage with him, the chances
Bloomberg Radio New York
"jeannie chan xeno" Discussed on Bloomberg Radio New York
"Is thrown off the foreign affairs committee today. Welcome to the fastest hour in politics with high drama in the house. We'll talk about it ahead with congressman David schweiker. Republican from Arizona who just quit the house freedom caucus and with our panel Bloomberg politics contributor democratic analyst Jeannie Chan xeno along today with Republican strategist John Hart of C three solutions. Later, the infrastructure law becomes the intersection of Washington and Wall Street. We're going to talk with Chris chalino of Bloomberg intelligence, who covers the heavy equipment makers like caterpillar. That stand to make billions. But first, we get to Wall Street and a critical after hour session underway right now with trolley Pellegrini. Thank you very much. Lots going on indeed to earnings, front and center after ours, a lot of the biggest names in technology among them, Apple, down now by 4% Apple reported the steeper sales decline in its holiday period, showing of the toll of an economic slowdown and lingering supply snags, Amazon down more than 5%, projecting lackluster revenue in the current quarter, also today we did hear from Google parent Alphabet reported fourth quarter results that narrowly missed to analyst expectations, stock after hours down by 4%. So bottom line here, lots of big tech names, those tech names, trading lower. Met a platform so what a day for that stock surging 23.3% today, giving a left to other a lift to other big tech names during the regular session, NASDAQ today up 3.2% of 384 points, NASDAQ 100 index outperforming their up by 3.6%, broad based rally Russell 2000 small cap shares up 2.1%, the S&P up again for a third day up 60 up one and a half percent, the Dow down 39 dropped there of one tenth of 1%. Ten year yield 3.39% with a two year 4.1% gold 1912 the ounce spot goal there was Texas enemy crew down 7 ten 75 88 barrel. That Joe Matthew is a Bloomberg business
Bloomberg Radio New York
"jeannie chan xeno" Discussed on Bloomberg Radio New York
"From corporate boardrooms and whether the GOP's public feud with corporate messaging will end or joined by Lester Munson of government relations firm BGR group in just a moment. Is Germany about to step up military support for Ukraine. Bloomberg news speaking exclusively with Chancellor Olaf Schultz will have more with the head of our national security team Nick wadhams and analysis from our signature panel, Bloomberg politics contributors Rick Davis, and Jeannie Chan xeno back with us for the hour. First, we get a short week rolling on Wall Street. Let's look to the markets Charlie pellet is back to tell us about Hank Charlie. Thank you very much. And here's what's going on, S&P closed in the red for the first time in 5 days after struggling for direction throughout the session. The S&P down 8 to 39 90 a drop of two tenths of 1% the Dow today, down 391 down 1.1%, Goldman Sachs weighed on the Dow Goldman after earnings down 6.4%, Morgan Stanley after earnings up 5.9%. Nez stacked today up 16 to gain there of one tenth of 1% bottom line S&P lower by two tenths of 1%. Ten year yield 3.54% of the two year yielding 4.20%, gold 1908 the ounce West Texas intermediate crude up four tenths of 1%, 80 18 of our Charlie pilot show Matthew is a Bloomberg business flash. Charlie, thank you and welcome back. Thanks for being with us on Bloomberg sound on. Governor Ron DeSantis may have made best use of Republicans perceived divorce with corporate America when he went after Walt Disney over the state's don't say gay law, fact he's still talking about it. Here's to Santa's after a federal judge ruled in favor of the administration over the so called stop woke act. Listen. The bill that we're signing is called the stop woke act. And the reason what it stands for woke is stop wrongs against our kids and employees act because unfortunately you've seen employees mostly working for major Fortune 500 companies that get subjected to this same type of ideology, remembering the amount of news coverage and money that Ron DeSantis got over his war with Disney, it was a political win. But we turn to the latest Edelman trust barometer, put on annually by public relations firm Edelman. It finds employers are better trusted than government or elected officials and by a lot. It was released to coincide with Davos and it got me thinking how many times we have noted business stepping in to do what government could not over the past year of past couple of years. Just considered consider what's happened with space travel. So is there a limit to the desantis approach or does this public split continue the newsletter popular information questions whether the so called divorce of Republicans and corporate America was ever actually real? And it makes the point quite effectively by picking through the guest list for a major fundraiser next month for Kevin McCarthy also looks inside his inner circle, looks pretty old school, corporate America. And so we start our conversation with Lester Munson, principally government relations firm BGR group. He's a former staff director of the Senate foreign relations committee and no stranger here to sound on. Lester, thanks for being with us. There's a lot to learn here in this Edelman report. I wonder if you see desantis and those like him, those with the populist agenda who are getting a lot of news coverage as part of this conversation or do people not see him as a so called elected official because he's some sort of rogue. Well, I think we need to distinguish between a kind of specific episodes and then more general attitudes. So in the Florida case, it was actually Disney that kind of dove in and decided they were going to get involved in the public policy debate over this the state government initiative. And desantis pushed back. So he was kind of reacting to their intervention. You've seen other times when politicians, particularly Republicans, it seems like lately, have kind of gone after the business community without being provoked necessarily. By the way, Democrats do this also. And I think back to the example of Major League Baseball polling in the All-Star Game out of Atlanta when voting rights was the big conversation. But more noteworthy for Republicans because of the party's long-standing relationship, very close relationship with corporate America, right? It was typically the Democrats who were trying to shame companies and Republicans who were back in the month. Well, that's totally that's totally fair. And as a Republican, I do get concerned when we start generalizing about big corporations or the Chamber of Commerce or these kinds of things. I think why are we doing that? We like companies. We like private enterprise. We like the dynamism of the market and those things. And let's not do anything to kind of degrade that enthusiasm. I don't like that, but at the same time, you know, Republicans have always been for lower taxes, less regulation, more of a kind of a hothouse environment for business and let businesses go where they want to go. Now these social issues pop up and I'm not sure it's totally no it does seem to be more intense now where Republicans are complaining about companies getting involved in these social policy debates, not totally new. But the thing that bothers me is when we get these generalities, oh, well, you're just a corporate. You're just supporting corporate America. Like, well, what's wrong with supporting corporate America? That's what our economy is based on in large measures. So brings us back to the whole Mitt Romney moment as the company, the same thing as a person. But in this research business holds a 54 point lead over government in terms of competence, a 30 point lead in terms of ethics. That's both parties here Lester. What does Washington need to learn from the corporate boardroom on both of these issues? Well, I think not like companies aren't out to make money. That's what they're here for. Yeah. Well, but you highlighted a recent success, right? SpaceX and these other private companies are showing you can launch stuff into space, including people relatively cheaply efficiently safely, and it's terrific. And they're doing better than when the government tries to do it itself. Same thing with vaccines, the Trump administration had operation warp speed. We unleashed private pharmaceutical companies to go produce vaccines and they didn't less than a year. It was amazing. Probably
Bloomberg Radio New York
"jeannie chan xeno" Discussed on Bloomberg Radio New York
"And Jeannie Chan xeno about increasing calls for Republican congressman George Santos to resign. You know right now he's saying he won't resign and of course to be expelled would take a two thirds vote in the House that's unlikely to happen. Kathy hochul, the governor, would have to if he did resign or was expelled, she would call for a special election, and it would be about 70 to 90 days after he resigned approximately. The problem for Republicans is they feel very vulnerable in this district right now. I think as much as Kevin McCarthy and Steve scalise, they want to sort of stay as quiet as possible and let the voters have their due. The reality is this is being pushed by Republicans in this district, and I hear from them, they are devastated because they think this could rob them of this seat for a long time, and that's why they're pushing so hard to get them out before he really damages the Republican Party in a way they can't come back from in the near future. Well, so okay, let's say he does not leave. Rick, how difficult is it to operate as a member of Congress when you have no interaction with local party officials like that? The Kevin McCarthy says Santos will have to build trust in Congress. Is it possible? No, it's going to be very difficult. I mean, first of all, just getting from his office to the floor is almost impossible because of the media scrum, like surrounding him, asking him, are you going to resign? We haven't even started to see the Democrats come after this guy. Most of the news is Republicans saying that he ought to go. The minute that dies down, if I'm the Democratic
Bloomberg Radio New York
"jeannie chan xeno" Discussed on Bloomberg Radio New York
"On the latest sound on podcast, Bloomberg politics contributors Jeannie Chan xeno and Rick Davis weigh in. A Republican congressman Adam kinzinger is farewell address on the House floor. The Republican Party used to believe in a big tent, which welcomed the tired, the poor, the huddled masses, yearning to breathe free. Now, with shelter the ignorant, the racist who only stoke anger and hatred to those who are different than us. Pretty heavy duty. And he said a lot more than that. I know that you've been, you've been close to the congressman Rick and following the events of January 6th, he's been through a lot here, taking aim at his own party with some pretty harsh rhetoric on the floor. Will it matter in the end? I think he had an impact and I don't think we've heard the last of Adam kinzinger. Well, that's my question for you. I mean, this was a speech really for the ages. It might have been the most important speech he ever gave. Will it will it be reflected upon when he's running for national office? Oh, I think that this speech will appear in a lot of different places to try and motivate and encourage people of like minded persuasion to get involved in politics in the future. He has a very strong pack operation that's trying to recruit people who actually take their oath of office seriously. It's been interesting to me Genie to watch Democrats warm up to Adam kinzinger. Will Democrats listen to Adam kinzinger now? He does make a really important point about what Democrats did in this election cycle by supporting these trumpian far right candidates in the hopes they would be easier
Bloomberg Radio New York
"jeannie chan xeno" Discussed on Bloomberg Radio New York
"Think should happen in that space, which would address the concerns of people. Both as it pertains to crime more broadly and also securing the border. Yeah, so let me give you a couple of things on that. Senator haggerty and I have a piece of legislation, the restoring Law & Order act, which would put more resources to local law enforcement and also would keep these violent criminals locked up. It would require some timely processing of the rape kits. So that is something that is good. Another provision that I think the house will take up very quickly is to take those 87,000 new IRS agents and turn those positions into positions for local law enforcement and for border patrol. Those things would make a big difference. And as a border patrol is you know, they've said for decades that they need three things they need a wall or some kind of physical barrier where they can not have a barrier, they need better technology, and they need more officers and agents. If you give them what they say, they need to do their job, I think you will see the border secured which will have an impact on the crime issue. In our communities, right now, our local law enforcement agencies tell us they're on the front line, fighting these drug cartels, fighting the gangs, dealing with the issues that are so heartbreaking about fentanyl. I think we have time for one more of a Rick Davis. Real quick we've talked about some of the contrasting issues this election cycle senator. But how about China? You recently taken a trip to Taiwan shortly after Nancy Pelosi did, and it seems to be an area that we might be able to as Republicans and Democrats agree to start to push back China's malign influences, especially in the Pacific. Are there things that we can do as a party to work with The White House to actually help in a united front with China? Yes, and coming against the CCP. And their aggressiveness is important not only to Taiwan. But to the other island nations that are there in the indo Pacific. And we need to be very explicit and stepping forward. Making certain that foreign military sales are conducted to Taiwan. So that they have what they need to protect themselves, helping them move to that asymmetric battle posture is something that will be truly a positive. And you're going to see more emphasis on that that should be an area holding China and the Chinese Communist Party to account. It is an area where we should work together to make certain that U.S. corporations are abiding by U.S. law and not abiding and kowtowing to the communist Chinese. Okay, thank you so very much senators really a pleasure to have you with us. That's Republican senator Marsha Blackburn of Tennessee. Great to have you, senator. Thank you for your time, and we're also, of course, have with us Rick Davis of stone court capital and Jeannie Chan xeno of university. They'll be staying with us. So what do you make of that? Do they have specific work that they can pursue? Yeah, look, I mean, there's going to be an agenda answering Genie's question about crime. There's obviously things that are going to try and put in there, whether or not the administration is going to go for that or whether they can even get the votes for it is going to be a big question, especially because under any circumstances is only going to be a margin of two or three. Yeah, exactly. A lot of ambition. But thank you so much to Rick Davis and genius and coming
Bloomberg Radio New York
"jeannie chan xeno" Discussed on Bloomberg Radio New York
"Give us if Congress is on board? And we saw what kind of withdrawal we can make when we have someone like Donald Trump as president in these various organizations around climate. And so how really effective will the Biden administration be if they can't get anything passed in the next two years? Jeannie, when we think about climate, we think about renewables. There's a flip side, which is fossil fuels. And the Republicans have made no secret of the fact that if they're in control, they want more exploration, more pipelines, they want more drilling, things like that. Can they get that done if they have a majority in the House and or the Senate? You know, they're going to face some pushback probably from the president we heard him say this the other day, much to the dismay of his own party member. Joe Manchin. And so I do think that. And I think there's something to be said about this issue in foreign policy of consistency as Rick was just talking about, you see changes in party at both the House and the Senate level impact the issue of consistency in all of these areas and our allies then can not count on who we may be and what we will support whether it's climate change, whether it's issues involving energy, whether it's our role in NATO and you go through the list. So I think it's really important people around the world watching what happens in the United States for those reasons. Okay, terrific discussion. Thank you so very much. That's Rick Davis of stone court capital and Jeannie Chan xeno of iona university. They will be sticking with us. They are, after all, our Bloomberg political computers coming up. We're going to take a look at the Georgia Senate race between Herschel Walker and Raphael Warnock. That's coming up next on our very special coverage of midterms 2022 here on Bloomberg. From Bloomberg world
Bloomberg Radio New York
"jeannie chan xeno" Discussed on Bloomberg Radio New York
"For all Bloomberg world, headquarters, I'm Charlie Potts slumped a day ahead of the fed decision, the Dow, the S&P nez stack all in the red with the two year yield now with 3.96%. Ten year yield 3.56%, stocks under pressure, treasury yields and multiyear highs, traders bracing for a hawkish Federal Reserve tomorrow. S&P down 44 a drop of 1.1%, the Dow down 313 down 1% as stacked down 110 a decline there of 1%. Spot gold 1664 the ounce West Texas enemy crew down one and a half percent, 84 45 for a barrel of WTI. Briefly beyond meat has suspended its chief operating officer following his arrest on allegations that he bit a man's nose during an altercation after a college football game. I'm Charlie palette and that is a Bloomberg business flash. Your listening to Bloomberg sound on with Joe Matthew on Bloomberg radio. What a night to be arriving in New York. What a week, right? I mean, just to get into town, catch a cab cross the streets. Go out to a restaurant, ask Rick Davis, he's already in the middle of it up here. In fact, we assemble our panel with Rick Davis in New York, Jeannie Chan xeno. Here in Washington, D.C. Bloomberg politics contributors with an eye of course on not only the UN General Assembly, but everything we just discussed involving Ukraine with Mark Esper. Of course, Vladimir Putin is not at the UN, he's busy planning votes in Russian occupied areas of Ukraine, where Russia has lost ground to the counter offensive by the Ukrainian military. The Biden administration already calling these sham votes the idea would be to annex them before they get forced out altogether against Stoltenberg. NATO secretary general speaking earlier today with Bloomberg. So such time votes referendums
Bloomberg Radio New York
"jeannie chan xeno" Discussed on Bloomberg Radio New York
"Analyst Jeannie Chan xeno joined today by Republican analyst Bill mcginley with the Vogel group and we start by getting the business on Wall Street and update on the markets right now with Charlie. I thank you very much, Joe Matthew lots going on on this Tuesday afternoon. We begin with earnings specifically HP Inc that stock down three and a half percent. It reported quarterly sales that missed estimates had also reduced its annual profit forecast on falling demand for PCs and printers, especially among consumers, an HP enterprise shares they're now trading unchanged, it narrowed its adjusted earnings per share forecast for the full year. The pet food retailer Chewy has cut its net sales guidance for the full year, chewie shares down by roughly 8%. Goldman Sachs has lifted all COVID-19 protocols, including vaccination requirements, testing, masking, and was ordered all of its staff to return to the office 5 days a week after Labor Day. Stocks fell for a third consecutive day today we had the Dow down 308 points drop of 1%, S&P down 44 down 1.1%, nez stacked down 1.2%. Two year yield 3.44%, the ten year yield 3.10% Spock gold 1724, the ounce, West Texas enemy crew down 5 and a half percent, 91 64 barrel. I'm Charlie peloton, Matthew, is a Bloomberg business flash. All right, Charlie, we thank you. Another surprising headline from Taiwan where soldiers have fired shots to ward off drones flying close to. Some small islands that are controlled by Taipei well if you ask Taiwan this right near the Chinese coast, this is dangerous stuff, the headline alone says enough. It's another day where tensions are rising here in White House press secretary karine Jean Pierre was asked about it early in today's briefing. I should say gaggle actually because they were on Air Force One on the way to Pennsylvania where the president spoke today, but very carefully answered by Korean jump here. Here she is. We remain committed to our China one China policy as you've heard us say these past several weeks. And accordance with that policy will continue to fly. We'll continue to sail and operate where
Bloomberg Radio New York
"jeannie chan xeno" Discussed on Bloomberg Radio New York
"Law brief exploring legal issues in the news, and today we are looking at the FBI search of former president Donald Trump's Mar-a-Lago residence, agents come through his Florida home as part of an investigation into whether he took classified documents from The White House. For more, on the legal and political implications, Bloomberg's June grosso speaks with Robert mintz a partner at mccarter in English and Bloomberg political contributor Jeannie Chan xeno. Let's listen in. People have criticized Merrick Garland, the attorney general for going too slow on this investigation. He keeps saying that no one is above the law. Is this a signal? I think there's no turning back from this that the gloves are off. Oh yeah, this is a really raises the bar for federal prosecutors. Which is not to suggest that every time a search for it is executed that there will necessarily be federal charges brought down the road. Remember that this only means that there was probable cause of a violation of federal law at a particular location, but probable cause is a long way from beyond a reasonable doubt, which is what prosecutors would have to satisfy in order to charge the former president or frankly anybody else with a crime based upon this evidence. So it's a tool the prosecutors use to gather evidence, but on the other hand, it is the most intrusive and heavy handed tool that prosecutors have in order to gather evidence. And again, it stops something that a judge will sign off on lightly. He or she would have to be satisfied that not only would the evidence was there, but there was some basis to assume that a less intrusive means such as the Tina would not give the prosecutors the evidence they are seeking. Jeannie, I'm wondering, looking at the statement that Trump has written, does he see this as a political opportunity? He does. I mean, I think this is part of the stunning aspect of this. Is that this information was released by Donald Trump via his pack. And much of what we're hearing and we have heard first for some time. If that if he decided to announce early that he was going to run for the presidency in 2024, it was likely going to be for legal reasons and not necessarily for political reasons. And you know, another aspect of this and again, this is so early we have to be very careful here, is that if there was a conviction as it pertained to what we think that they are looking into regarding these records, the person who was charged and if that was Donald Trump, that's a big if, would not be able to run for office in the future. So that's another really, really important aspect of this story. And again, I don't want to get too far afield because of course we're still very early and don't have a lot of information as to exactly what they were looking for and even if it pertained to the president if there was going to be, you know, anything pertaining to him. But that's another aspect of this record sort of charge. And that was Bloomberg political contributor Jeannie Chan Zeno and mccarter and English partner Robert min speaking with Bloomberg's June grosso. Catch more plus analysis of the latest legal news by subscribing to the Bloomberg law podcast or downloading the show at Bloomberg dot com slash podcasts. An attorneys can find exceptional legal research and business development tools at Bloomberg law dot com and on the Bloomberg terminal at B law go. John. All right, Nathan, thanks very much. It is 5 52 on Wall Street, let's shift our focus now to the markets, futures they have turned mixed to little change as traders await Wednesday's inflation report trying to gauge the path of the Federal Reserve tightening ahead. Well, let's get you set up this morning for the trading day ahead with Daniel Morris, the chief market strategist at PnB Paribas. Damn good to talk to you. Thanks for being with us. Great expectations have jumped. So why hasn't it resulted in a reversal in equities? Yeah, that's what it's interesting about what's occurred so far certainly in contrast to the pattern that we had at the beginning of the year, then the story was higher than expected inflation, higher levels of fed fund rates and then certainly a compression in the multiples notably for growth stocks. That's not happening yet, but it seems to me still the clearest risk out there. It'd be great if we got a pleasant inflation surprise on Wednesday that the numbers came in lower than expectations that hasn't happened in a very long time. But barring that even if they come in as expected, that number is still pretty high. It's going to be over 6% for core core inflation core API, which then suggests the fed has got to do more. And they've been signaling that anyway in the markets generally just seem to ignore that. But that's the key risk. And at the end of the day, it's how much companies are making, as far as the earnings analysis goes, it has not been a bad earnings season. What is your take? It wasn't certainly not a great season, but there were so many worries coming in. Certainly a lot of people anticipating bigger margin squeezes given how high inflation has been and all the problems we know that you have still supply chains and labor. But earnings still be the expectations. Just a parenthesis though, they were even better in Europe. And that doesn't happen very often. So when I highlight the fact that European corporates, again, even with the bigger headwinds, arguably that they face, also did much better than expected. And I think that's what's supporting the markets now despite the rate rights. It's just we'll see how long that after effect from a good earnings season last when we're going to have otherwise what we think is going to be kind of persistently rising expectations for policy rates. And expectations for policy rate will also drive the dollar presumably higher because it is about rate differentials. And what does that do to the multinationals in the U.S.
Bloomberg Radio New York
"jeannie chan xeno" Discussed on Bloomberg Radio New York
"What was a fairly decent list at the start of the year for Democrats just hasn't been much movement on any of it the other part of this would be as we discussed COVID funding. We reassemble our panel here to check on the list together Jeannie Chan xeno and Rick Davis or with us Jeannie when you hear the congresswoman speak, so optimistically about the chip act, it gets to be kind of blue sky after that. You know, yeah, we need to get this COVID thing done. I think we can do it in that reconciliation bill. We're going to bring drug prices lower and all that in what the next two weeks? Yeah, literally. I mean, the calendar does always work against them, particularly in this case, as so many members, all of the house and a third of the Senate want to get back to their districts for the break. And you know, there is a lot on the table after chips and other things are the same sex marriage bill, NATO, for Sweden and Finland, the pack deck, the American innovation choice online act, and then as you mentioned reconciliation, then you flip to the house they have all of that plus, you've got a lot of moderate Democrats there in purple districts who want to do something to show that they are tough on crime and want to do some kind of police funding bill. So those things, you know, we may see movement on because it helps their reelection bids, but it's an uphill battle. Rick, you see the chip back getting done, you've been saying that for weeks, so we'll park that there. What's real after that? Is there more COVID funding or will Republicans say, turn back to the states and claw back the money you already sent? You know, I think that there may be more of a focus on the willingness to look at some funding for COVID. I mean, obviously, we are all hearing the reporting. Hospitalizations are rising. The pandemic is everywhere. And as you said earlier, we're going to have to learn how to live with it and part of that is funding the necessary public health infrastructure to do that. So I think that as part of other potentially reconciliation type items, if there is an effort to put forth this. Drug, Bill, maybe that could have attack on. They'll be opportunities like that, but I don't think until the fall. I really don't think that there's enough time left in this administration. This summer to get those kinds of Joe Manchin said as much, right? He wants to see another CPI, I'll see in September. Right, exactly. And by the way, this is a huge victory to get this chip back done. It's a good thing for the country. It's another bipartisan bill that this administration can go out and talk about. And by the way, in Republicans are going to go out and talk about it too, as being a great success for them. So I think this is going to end the summer on a high note for this administration and for Republicans alike. On the matter of learning to live with it, listen to a she's job in The White House briefing room. This is the COVID response coordinator in our, you know, our eyebrows went up. Last week at this time, when Korean John Pierre said, look, hey, everybody's going to get COVID and some of this was following the president's testing positive. Listen to the way she's jaw dresses this today. This virus is going to be with us forever. It's really, really important that people build up their immunity against this virus. And so I've been very clear for years. Two years, a year and a half, I guess, since we've had vaccines, but getting vaccinated is one of the best ways that people have to protect themselves. This virus is going to be with us forever Genie is that consistent with what the administration has been saying is that different than we're all going to get it at some point. You know, I think they're trying to make the case that if you do get the vaccinations and you do get boosted, that while you may still get it and many of us have and will, you're not going to be hospitalized around a ventilator or have serious consequences. So that's the message they're trying to get out there. You know, in their defense, I would say, when you were trying to initially push the vaccinations, they did have a different message for, I think, important reasons. And we've seen that morphs for some morph as more people have gotten vaccinated. I guess I can't figure out Rick as you see the president do these daily updates and, you know, we're getting letters from the doctor every 5 minutes. They're really trying to overdo this even though some are asking for more transparency. They want a news conference with the doctor. I don't know if you have a feeling for that, but as far as this goes in terms of the argument to be vaccinated, is it giving people a reason to say, well, forget it if we're all going to get COVID or are they making the case in real time before Americans on what an almost 80 year old man can do with a COVID diagnosis because he's vaccinated? Yeah, I think one, there's a little hangover from the way the Trump administration handled the president getting COVID at that time. And it was kind of shut down. You really weren't sure what was going on. There was this rejection of isolation and things like that. So I do think this administration still has that hangover of like, we want to do everything the opposite of the Trump administration. And so I think you're seeing a little correction in that Two, I think that everyone is moving into in a public health side. This idea of, as you say, living with it. And living with it means managing it, managing it means getting vaccinated. And it's not anything new, but it's a recognition that there's no victory here, right? There's not going to be mission accomplished signs in front of The White House on defeating COVID. And so the sooner we start treating it like a flu bug, the everyone can get vaccinated and nobody gets into too much health problems with it. Then I think people will start moving on. But we're probably not there yet from what the experts are telling us even this week. They're probably going to need more resources and it's still a big initiative for the government. But I think I wouldn't want to be in The White House sitting targets on how many people are going to get vaccinated or how many people are going to get in a hospital though. No, I think everybody's out of that game, Jeannie. I mean, here we are, what it's a year and a half later, a year and a half. With vaccines, Donald Trump still can not say the word vaccine without being booed in a speech said today, everything that
Bloomberg Radio New York
"jeannie chan xeno" Discussed on Bloomberg Radio New York
"From our nation's capital, this is Bloomberg sound on. I read twice I won twice and did much better the second time. He's got a $103 million sitting in a pack and he's got a 100% name ID, whether you like him or not. You can't be pro insurrection and pro cop. You can't be pro insurrection of pro democracy. Bloomberg sound on. Politics policy and perspective. From D.C.'s top name, I'm worried about the person that can't feed their families. I think they can do it if they stick to doing things like this chip back to the things you can get through a 50 50 Senate. Bloomberg sound on with Joe Matthew on Bloomberg radio. Donald Trump makes his return to the capitol. Welcome to the fastest hour in politics as the former president paints a bleak picture of the nation in his speech still underway. Just hours after Mike Pence delivered his vision for conservative politics only blocks away in D.C.. We'll explore the battle lines being drawn here today and what will emerge as the Republican agenda ahead of 2024 with political scientists and author Samara Clarke of the Arizona school of public policy. Later the chips act suddenly on the verge of passing and COVID funding is running out. We'll talk about both with congresswoman Deborah Ross Democrat from North Carolina. Analysis from our signature panel today Bloomberg politics contributors Rick Davis and Jeannie Chan xeno are intact, but first earning season gets real and we want to start with an update on the markets from Charlie. I think very much. And let's begin with chips, Texas Instruments, the maker of chips that are used
Bloomberg Radio New York
"jeannie chan xeno" Discussed on Bloomberg Radio New York
"Set for tonight in the U.S. House along with D.C.'s most respected news team Bloomberg politics contributors Jeannie Chan xeno and Rick Davis with us Bloomberg sound on With Joe Matthew we day afternoons at 5 eastern on Bloomberg radio the Bloomberg business app and Bloomberg video dot com One 45 over 92 One 80 over one 11 A 182 over a hundred And I had a heart attack and a cardiac arrest And then a stroke Your blood pressure numbers could change your life A lot of people don't understand including myself I didn't now I do The impact of having a show My memory is shot When I woke up I couldn't speak Lowering your high blood pressure could save you from a heart attack or stroke If you've stopped your treatment plan restart it or talk to your doctor about creating one that works better for you Start taking the right steps and manage your BP dot org I sent her life But I want to make it better Coming back The ask your doctor checking blood pressure Brought to you by the American Heart Association American medical association and the ad council Broadcasting 24 hours a day at Bloomberg dot com and the Bloomberg business app This is Bloomberg radio Now a global news update Some.
Bloomberg Radio New York
"jeannie chan xeno" Discussed on Bloomberg Radio New York
"Of jobs In fact our economy created over 6.5 million new jobs just last year More jobs In one year than ever before in the history of the United States of America Speaking to a mostly unmasked chamber the president detailed the administration's plans to combat COVID-19 saying the country is getting closer to normal The new guidelines most Americans and most of the country can now go mass free And based on projections based on projection more of the country will reach a point across that point across the next couple of weeks I spoke with Bloomberg politics contributors Jeannie Chan xeno and Rick Davis to get their analysis of the speech He found common ground with the room and frankly the world by opening it up on Ukraine Very unusual And then I think he book ended it by actually closing with that array of sort of moonshot cancer attacks and things like that that he said look these are going to be bipartisan We all agree on that So he started the speech and ended the speech with the Joe Biden that campaigned for president as the bipartisan candidate for president In between he pivoted to partisanship and there was a very few opportunities for both Republicans and Democrats to stand up and applaud in the center of this speech And it's interesting that he continued to flog policies that he knows in the next 12 months are not going to see daylight in the house or in the Senate So that's the issue here Jeannie in speeches that we've largely heard before We went through every element of build back better without actually calling it that We went through voting rights reform We even got to crime and some of the other issues that he's spoken about they got everything into this speech still kept it to an hour amazingly But who did he make happy with that laundry list of progressive Democrats leaving the room feeling like something changed You know I have to say there was a little bit of something in this speech for everyone and not just Democrats Republicans as well He talked about funding the police He talked about addressing issues on the border As you mentioned this was a laundry list in the second half of the speech To me this was two speeches in one It started out strong with the really critical challenge that the world is facing as it pertains to an issue Joe Biden is passionate about the challenge of autocracy versus democracy.
Bloomberg Radio New York
"jeannie chan xeno" Discussed on Bloomberg Radio New York
"Days When we should be talking about just today 7% unemployment and inflation and the 56% of Americans who don't think that Joe Biden has done anything good Talk about that all day every day and stop fighting amongst yourself Was the former comms director for the RNC I just wonder what you make of the committee kind of playing this role as Mitch McConnell put of picking winners and losers who are already elected to office Yes well one thing the RNC is very strict rules about whether it can and can't get in primaries and overwhelmingly it's that they can't what happened last Friday puts them in a position to now do so in the Cheney primary So what you'll see is the Republicans Republican National Committee now will be spending money in at least one race not against Democrats but against another Republican which I'd say is a waste of resources But also again continues to fight amongst themselves and stay in its own way when it should be focused on Joe Biden who's unpopular right now and it was unpopularity is lower than it was for Barack Obama going into the 2010 midterms when Republicans had a big night And so if you want to have a big night in 2022 focus on Democrats fighting amongst yourself We're spending time with Doug hygiene in our remaining moments here with the panel They passed another bill today My God this is what two in a row We talked about the post office Bill yesterday Senators today in a voice vote a bipartisan voice vote clear to bill to end what they call forced arbitration You might have heard about this for victims of sexual assault or harassment in the workplace This will now go to the president The bill would allow victims not only to speak out publicly but would also allow them to go to court Senator Kirsten gillibrand of New York was one of the early sponsors of the bill No longer will survivors of sexual assault or harassment in the workplace come forward and be told that they are legally forbidden to sue their employer because somewhere buried in their employment contracts was this forced arbitration clause Jeannie how significant is it that this passed by a voice vote Very important This bill was bipartisan You mentioned Kristen gillibrand at Lindsey Graham on the other side Fox News Gretchen Carlson apparently was able to get him on board with this This is a critical piece of legislation and I heard some of the hearings last year when victims testified about the fact that they are silenced I mean what had been happening is you took a job you signed away your ability if something happened to address it in court you were forced to go to mandatory arbitration This ends that And that is critically important for all victims men and women of sexual harassment and sexual abuse in the workplace and beyond Quickly Jeannie this bill is retroactive I learned today from mark crumpton first word news Are we about to see a lot of cases reopen We may see a bunch of cases reopened and rightly so because victims have been silenced on this for far too long Great conversation with Jeannie Chan xeno and great to have Doug high back Doug thank you for your insights today And I look forward to putting this together once again soon on the fastest hour Politics Indeed sir February's black history month every day this month we're celebrating significant moments in U.S. black history And now with your installment on this 10th of February here's Bloomberg's we need a young On this day in black history in 1989 attorney Ron Brown becomes the first African American elected national chairman of the Democratic Party As chairman Brown played a key role in securing the 1992 election of Bill Clinton who was the first Democrat to win the U.S. presidency since Jimmy Carter in 1976 So in 1993 Clinton nominated Brown as commerce secretary And when the Senate confirmed him Brown became the first black person to hold that cabinet.
Bloomberg Radio New York
"jeannie chan xeno" Discussed on Bloomberg Radio New York
"In the U.S. House Along with D.C.'s most respected news team Bloomberg politics contributors Jeannie Chan xeno and Rick Davis with us Bloomberg sound on with Joe Matthew We day afternoons at 5 eastern On Bloomberg radio the Bloomberg business app and Bloomberg radio dot com Burden LLP accountants and advisers presents tax chat with Mark Boswell managing partner and leader of burdens family office services practice Every family office is different and needs an adviser who takes the time to ask the right questions to develop a clear understanding of the goals and these are the family When choosing an adviser is important to select one that will invest the time to understand the desires of each family member as well as the dynamics and economic realities facing the family as a whole Burden does this which enables us to offer a wide range of services including daily Bill pay portfolio review and complex tax planning to help preserve a family's wealth while making their lives easier If you're a high net worth individuals who have a family office leopard and help protect you your family and your business For more tax chat from burden accountants and advisers visit burden LLP dot com That's ber DON LLP dot com Burden accountants and advisers we listen we solve we do Seen through the eyes of experts gives you a better view So let's talk about the pain trade And at Bloomberg our market vision is 2020 I am shocked by the moves that we're seeing in the rights market Bloomberg radio the Bloomberg business app and Bloomberg radio dot com Business finance and the latest news evicting world markets powered by more than 2700 journalists and analysts And over a 120 countries this is Bloomberg radio Now a global news update New York City has a new mayor Eric Adams was sworn in just minutes after the ball dropped in Times Square on New Year's Day The 61 year old Democrat is New York City's 110th mayor and the second black mayor in.