23 Burst results for "Jeff Ballenger"
"jeff ballenger" Discussed on 106.1 FM WTKK
"Jeff Ballenger herewith Hey, looking at some good news. I do what we do. We had mixed close on Wall Street yesterday, but it looks like we may have a rally today had to belong weekend after the Labor Department reported 4.8 million people got backto work last month that pickup in payrolls, far bigger than expected of the nation's unemployment rate dropped 11.1%. That is down more than 2% points from May. The agency also reported another 1.4 million workers signed up for unemployment benefits last week. That was more than expected, but still fewer than the previous week. So we can say that the trend still going in the right direction. Ah, price of oil was up yesterday is new data showed a bigger than expected draw on American crude stockpiles. Pressure is building on the White House and Congress to come up with another round of stimulus. The resurgence of the Corona virus and new lockdowns of added emergency to these calls for help, But what the next stimulus bill might look like, is anyone's guess. And debate is not going to begin in earnest until the Senate is back in Washington from its recess, and that's not going to happen till July 20th. Dr. Anthony Fauci was on the BBC overnight, saying he is seeing very disturbing virus spikes in some states. Of the top infectious disease expert, says the United States did not get the virus under control before re opening. He saw that as a mistake, he said the lock down wasn't strict enough in the first place, and he told the BBC the world needs more than one vaccine to tackle the pandemic. Apple closing more of its recently reopened stores in areas that have seen spikes and covert 19 infections. McDonald's is hitting the pause button, not its diamond services. Because of the new Corona virus outbreaks. The fast food chain was set to open dining areas in all of its restaurants that's being put on hold..
"jeff ballenger" Discussed on Newsradio 700 WLW
"We go to Bloomberg Jeff Ballenger on this Tuesday how are you Jeff I'm doing well can how are you everything is good out here in god's country public transportation is going to be a key you tell us as to whether big cities can successfully reopened well no more so than in the town that you're in right now yeah well I'm working from home now but young do you certainly have a big issue in New York we've been told for months to avoid tight quarters with strangers but now transit agencies are trying to convince commuters they'll be safe riding on buses and subways whether the agencies are successful is going to influence the economic recovery ed Mortimer at the U. S. chamber of commerce tells Bloomberg that telecommuting is not an option for some businesses and those businesses have to figure out how to get people to work a mass transit is going to be crucial to reviving economies and that's especially true for urban areas what's going on with apple they're cutting their ties with Intel what's that all about yeah blue of lubricant a report on this last week an apple a CEO Tim cook confirm day yesterday that the first mac computers with apple designed chips will debut by the end of the year in this signals an end to a fifteen year alliance between apple and Intel cook addressed the company's worldwide developers conference the a four day event for software developers as a virtual event this year because of the pandemic and corner ballistic carnival cruise is still in drydock co yeah they are and they've extended the service suspension the cruise line is advised guests and travel agents that the operational pause in North America will now run at least through the end of September carnival has extended the pause three times so far because of health challenges it's just now completing the repatriation of nearly twenty nine thousand crew members for its twenty seven ships the workers come from more than one hundred nations around the world all right Jeff we'll see you in the next half hour hope for good things at nine thirty okay if you're still looking good take care all right let's check in with the traffic.
"jeff ballenger" Discussed on Newsradio 700 WLW
"W. all right Jeff Ballenger or what we have here we have a report on personal income and consumer spending and I bet it's not pretty it's not pretty wallets did slam shut last month the government reports consumer spending was down thirteen point six percent in a poll that was more than expected taking a look here at all of the various categories of spending in the only thing we spent more on the last month than the month before was food that the food spending was up two point four percent there is a one surprise in this report Americans personal incomes were up ten and a half percent the last month that was expected that incomes would be down as well but this increase apparently reflects the arrival of the government the stimulus checks all righty then the latest on the dust up between the president and Twitter is what well of executive order signed by president trump seeks to limit liability protections for social media companies Twitter ignited a feud with the White House this week when it started doing fact checks on some of Mr trump's tweets the president wants new regulations to eliminate liability shields for social media companies that engage in censoring or any kind of political conduct rate item players taking a bigger interest in their workers and what they're doing when they're not at work yeah your if your employer has more than the usual level of interest in your weekend plans this is set to be expected as the offices of re opened around the country the Wall Street journal says companies are concerned the safeguards put in place to limit the spread of covert nineteen in the workplace will be compromised if workers take risks off the job but the legal authorities are warning that employers seeking to influence off duty behavior have to be careful because they could violate their employees privacy yes they might and don't you get it all right all right what's the future looking like now modestly lowered the S. and P. futures down twelve points nasdaq futures of turned lower again they're down to in the Dow futures are down one hundred sixty points have a good weekend bye from Bloomberg I'm Jeff Ballenger on news radio seven hundred WLW Ryan.
Stock Market: Live News During the Coronavirus Pandemic
"Yeah all right so I can we check our four oh one K.'s yet it looks like over there might be some good news yeah you can kind of peak between the fingers anyway because the stocks started the holiday shortened week with a nice rally the Dow is up by five hundred thirty points more than two percent day yesterday market got a boost from optimism about work on vaccines and signs the economy is starting to re open this the number of new coronavirus that cases slows there were reports yesterday that showed pickups in new home sales and consumer confidence and the stock market futures are higher this morning Dow futures are up three hundred fifty two points so we could to be on a bit of a trend still it there's a little bit of optimism I mean we are beating here in San Diego hair salons are back open which you know every woman is like here thank you please cut this off use that myself all of us shop so it is so we're looking at the the optimism giving the market that boost yes we are and there are some other positive shoots a home loan demand is the continuing its of recovery mortgage bankers report this morning the number of applications for new financing rose eight point six percent last week at the highest level since January purchase loan request of but then up for six weeks in a row now they're up more than fifty percent since the beginning of last month apple will re open another one hundred of its U. S. stores this week though more than half the outlets will offer curbside service only and move move a lot of talk about the CEO of JP Morgan chase was cautiously upbeat Jamie Dimon says he sees in his words pretty good odds of a fast economic rebound in the third quarter so look the best yeah let's talk about you know every kind of business it's moving people from one place I mean we're talking planes trains and especially Amtrak right now yeah experts filed for bankruptcy late last week and yes now Amtrak is preparing to slash its workforce by as much as twenty percent even as it prepares to add back some roots CEO bill Flynn sent an internal memo to employees saying ridership and ticket revenue have declined by ninety five percent yes whoa ninety five ninety five percent wow okay let's talk about let's try to do something that's more positive how bout this Walmart partnering with thread up yeah this is interesting at the thread up if you're not familiar with them as a company that sells second hand clothing online the resale clothing market has been growing a lot in recent months and years even though the giant retailer is looking for ways to diversify its these commerce business beyond groceries and consumer staples a Walmart dot com will offer used women's and children's clothing as well as accessories handbags and footwear nearly a three quarters of a million products and all all right let's get down to the last story is that this pandemic expected to have some long lasting financial impact on just about almost everybody right you you started out talking about you're asking about four oh one K. plans and Bankrate dot com's done a survey and says thirty one million recently unemployed adults with retirement savings have tapped those savings are planned to do so very soon nearly a fifth of working a recently unemployed adults work ours say they're contributing less now to their retirement accounts than they were prior to the pandemic and that's mainly because of lost income or the need to keep more cash on hand to cover additional expenses some people say they're helping of relatives who are out of work that happens a lot well yeah I I don't think I know I don't think that there's one person within my acquaintance that has not somehow had to financially juggled either helping somebody else out in their family or with you know it within their own household I mean everybody's been touched by this if we can just hope for a quick turnaround you know some some people are very hopeful but there there are naysayers as well so keeping our fingers crossed and and hoping the optimistic people are right yeah all right Jeff Ballenger from Bloomberg thank you so much Jeff okay have a good
"jeff ballenger" Discussed on Newsradio 700 WLW
"Right Jeff Ballenger we have more people applying for mortgages last week and that's a good thing yeah it is mortgage bankers say applications for purchase loans were up another six point four percent after a ten point six percent jump the prior week a last week's game was offset though by a drop in the number of homeowners looking to refinance so total mortgage of volume did take a little bit lower all right target first quarter had been pretty good because I went there once yes they they mention you by name in the report the target of posted record sales for the first quarter and its earnings topped forecasts but the target shares are down premarket possibly because of worries over profitability more sales are coming from lower margin food and household essentials than from apparel and home decor a target CEO Brian Cornell admitted in a call with reporters that he can't get a bead on the consumer and that that worries investors all right Facebook gives we're gonna protocols people come back to the office there as many other offices are yeah a Facebook expects us some workers to be back in the offices of probably in July sources say the social media company will limit occupancy to twenty five percent of capacity workers temperatures will be checked ships will be adjusted Facebook will also limit the number of employees who can gather in meeting rooms that will create six foot spaces between workstations and replace a cafeteria buffets with grab and go meals I say we give everyone their own office there was a small kitchen and refrigerator and stove and don't worry about the cafeteria anymore give everybody a little apartment right there in the office all right who do you Jeff Ballenger oh boy don't tell me that got another money Mr Bloomberg welcome all all right elsewhere most of these workers will stay home for the rest of the year yeah visa has a one hundred thirty one offices in seventy six countries and C. E. O. L. Kelly says it seems wrong to have employees crowding transit systems and roads when the company can continue full business continuity with its workers at home so most likely they'll still stay home all right what if you just look like a positive S. and P. futures up thirty four nasdaq futures up ninety eight points and the Dow futures are up two hundred ninety from Bloomberg I'm Jeff Ballenger on news radio seven hundred WLW five times eight eleven and seven other W. L..
"jeff ballenger" Discussed on Newsradio 700 WLW
"Well Jeff Ballenger it looks like Zillow is back in business going to start home flipping so I guess that's a good sign is it not yeah I've got a few a positive signs on the sub report they can Zillow stop buying homes back in March but since then the company has noticed a pickup in virtual home tours and digital transactions so Zillow CEO rich Barton says it may be a case of people spending so much time at home that they're discovering shortcomings he's confident enough now to resume buying homes despite the pandemic when did the that I'm looking at other indicators here uber thinks the worst may be over unless she had some of that food they deliver but at least for its business it's beginning to look up as a not yell the good over reported its first ever quarterly decline in rides but says the worst of the pandemic's impact on its business may be over at uber says a business has already started to recover it believes it's picking up passengers who were wary of travelling on public transit systems now more okay okay okay and I heard something about Disney and Shanghai is that is that we're Disney is going to take its first small step because it's a small world after all is he doing anything on this particular floor yeah they they are planning to reopen the theme park in Shanghai later this month but this is a small but significant step in the U. S. Disney planning to open a limited number of shops and restaurants in the Disney springs mall that's outside of its Florida resorts that'll happen on may twentieth and will mark the start of what Disney says will be a phased reopening of its US operations all right any idea what the future is looking like today right now they're a positive I. S. and P. futures up twenty eight nasdaq futures are up eighty six and the Dow futures are up two hundred twenty seven from Bloomberg I'm Jeff Ballenger on news radio seven hundred WLW thank.
"jeff ballenger" Discussed on NewsRadio WIOD
"Businesses and Bloomberg Jeff Ballenger mortgages good morning Jimmy stocks are higher on most global markets analysts say investors are weighing news about economies re opening and word that the U. S. and China had a constructive phone call on trade against data showing how much economic damage is being done by the corona virus it is a jobs report Friday the labor department is expected to say that about twenty two million jobs were lost in April that would be twenty seven times the worst monthly decline from the Great Recession and eleven times the previous record which was set in September of nineteen forty five as the nation demobilized after World War two airport security screeners now have to wear masks the transportation security administration says more than five hundred screeners have tested positive for covert nineteen six have died in front your airlines will be the first carrier to check passengers temperatures frontier will assess whether people boarding its planes have fever starting June first employees will also be screened get me back to you all right thanks very much well thirty three million Americans enough file for unemployment benefits during this pandemic we're going to affected today with the jobs report let's talk about it with the reality chief national correspondent for from a tutor at billable Z. nine eight one it's gonna get uglier in the bill ed here is that these numbers are going to be hard to stomach Jimmy and we got an indication again yesterday of course with the unemployment claim numbers adding another three point two million if there is any type of bomb I'm optimistic view to take up this whole thing the unemployment weekly unemployment numbers have been going down now ever since we had that huge spike in mid March where we added almost seven million people to the unemployment rolls been going down every month now and also the number that we see today in this jobs report which is expected to come in anywhere between sixteen and twenty percent it unheard of levels of course since the Great Depression the number we see today is likely to be the worst that we see out of this whole thing because of the analysts say many of these jobs that'll be reflected in this jobs report today have already come back as states begin to open back up again not I'm not gonna say many of the jobs but some of the jobs that were lost I have already come back still a long way to go in the US but this could be the worst of it we see today Jimmy but still no denying that that these numbers are very hard to it to stomach and when you look at some individual states if you look at it states like Georgia Hawaii and Kentucky is that it's almost inconceivable that thirty percent of the workforce in those states has filed for unemployment in the last seven weeks now in Florida that number is much lower but still under normal circumstances if I would say to you that sixteen percent of your workforce's filed for unemployment in the last seven weeks that would be horrific but in the current circumstances it's unfortunately it's not too bad right when you compare to other states white ways or are those that you mentioned Kentucky with a whole wide Georgia the worst in the country those are the worst both around there are only three around thirty percent but there are eleven states that there are over twenty percent and that of the work force that has filed for unemployment and so even though the mildest and hit states here still looking at numbers that they haven't seen in awhile like Utah and die in South Dakota you know you talk in Montana you're talking seven to ten percent which again under normal circumstances would be a little bit alarming but right now you're saying this is about the best we can do it the next question is give me how quickly do we get out of this and is there a lot of factors involved of course in how quickly we can rebound from this but most analysts are suggesting that double digit unemployment will last at least into twenty twenty one and double digit unemployment hasn't been here since nineteen eighty two when we're coming out of recession so that the numbers are still going to be frightening for awhile sure sounds that way then there's really nothing we can do about any of the states are starting to re open and if I guess if the pandemic doesn't reignite it could be a a nice climb out of this but we have no idea whether that's going to happen here I mean there's no allocation we've only been open I mean Georgia opened what seven days ago now last Friday I believe so we really have to wait another probably two weeks to figure out exactly what the rest of the states that are opening in in in it fits and spurts I will tell us about unemployment so yeah there's just so many what ifs Jimmy that it's an impossible to predict yep that's the hard part of the bill thanks we appreciate we will talk to you on Monday have a great weekend you too thank you Mike thanks many of these flybys can be fun today you're going to be some place you can get a good view absolutely planning on taking the kids out right off of flamingo drive there and and west Pembroke pines and watch it won't get there prepare get all excited that'll last all about ten seconds to back to back home yeah well before the single by for sure it's in the moment for South Florida six twenty six may what's happened in sports we got schedule we do have the schedule Jimmy the twenty twenty NFL schedule is out the Miami Dolphins talk to kick off the season the way they ended the last with a win over the patriots in New England that'll be their season opener September thirteenth then come home to host the bills Miami will travel to Jacksonville for their only scheduled primetime game on a Thursday night after that and the sea hawks come to town October fourth they hit the road for two games after forty Niners at Denver then they host two Los Angeles teams back to back weekends here in South Florida.
"jeff ballenger" Discussed on Newsradio 700 WLW
"It is all right Jeff Ballenger way of jet blue the first airline aghast to insist everybody on board as the were a mask yes the new policy goes into effect next Monday masks will be required from check in until a customer leaves the plane and jet blue is asking customers to follow the rule whenever they're in an airport terminal the user requirements could signal a shift in commercial flying that other airlines will use to try to coax people back into planes and assure them that flying is safe is jet blue gonna supply masks it doesn't say that if you show up without one they can't say no you can't go to San Francisco or a lighter so as we come back with a question here so all right homeowners a skip mortgage payments are not going to have to make it up in a lump sum that's right to the federal housing finance agency clarified what will happen to homeowners who take advantage of programs that allow them to escape their mortgage payments right now the lump sum payment will not be required the FHFA says the missed payments will have to be made up a loan services will work out repayment plans are possible loan modifications and in some cases payments could just be added at the end of a mortgage all right and our friends at J. C. Penney things that the future is not so bright it's not then the penny is continuing to explore options to sources tell Bloomberg the retailer has have been meeting with private lenders and other potential suppliers of new money that could keep both the company and business if it decides to file for bankruptcy and options that would avoid a bankruptcy you're also being discussed nothing official yet but they're struggling all right futures are still positive S. and P. futures up thirty six points nasdaq futures are up ninety three of the Dow futures are up three hundred forty five from Bloomberg I'm Jeff Ballenger on news radio seven hundred WLW.
"jeff ballenger" Discussed on Newsradio 700 WLW
"It is hi Jeff Ballenger we have the latest unemployment numbers and war saw hold my nose we got yet another surge in the number of new claims for unemployment benefits last week Mike up more than five point two million workers filed for the first time the estimates were five and a half million the corona virus lockdown is now erased more than a decade of job creation at twenty two million people have signed up for benefits in just four weeks and prediction from Goldman Sachs says maybe it could go as high as thirty seven million by the end of may wow all right the White House is looking at doing something about the oil glut one of the options yes the crude oil surpluses grown so much that the trump administration might pay producers to leave the crew in the ground until it's needed that would help your layers they're reeling from the collapse of prices resulting from the corona virus related slump in travel the price of crude is down to around twenty dollars a barrel that's the only money you know all right Cinemark says they think they'll be showing movies again by summertime yeah could be wishful thinking a Cinemark says it might start to re open its movie theaters in late June or July but the chain says if it happens the experience for movie goers won't be the same as it was before the pandemic of theaters would initially offer limited showings of older films and auditoriums would only be filled to a half their capacity they'd want an empty seat next to every person yeah I mean not then can they make money that way can restaurants make money with an empty table in between it's going to be interesting so it will be all right if you just look like they are modestly higher S. and P. futures up fourteen points now nasdaq futures are up seventy eight the Dow futures are up seventy three from Bloomberg I'm Jeff Ballenger on news radio seven hundred WLW.
"jeff ballenger" Discussed on Newsradio 700 WLW
"L. W. Jeff Ballenger what's new what's up to the Olympics just got word Mike that Japanese prime minister rob a in the international Olympic committee have agreed to delay the Tokyo games by a full year's sells some well Ames twenty twenty one well full year him okay that's a big deal especially I mean number one for their economy but then you think of those people who've been training and this is yes this is their big shot of adrenaline Alonso all right Amazon's going to crack down on price gouging yeah they're doing it nearly four thousand third party merchants that sell through Amazon of had their account suspended because of price gouging during the corona virus pandemic Amazon says it has pulled more than half a million offers because of unfair pricing of products that are in high demand things like masks and hand sanitizer good the Lipsett modem yeah most most again alive flights could be halted yeah it's a possibility major airlines are drafting plans for that possibility it's not just that of the demand isn't there it certainly isn't but to federal officials are considering ordering this halt because the corona virus is having an impact on the air traffic control system we've heard of a few temporary shutdowns and some glitches caused by control towers where people have been infected of the airlines would actually preferred the federal mandate to a voluntary shut down because that would bolster their case for more financial assistance from Washington okay then a major a lot around here we need a Marcus both catalog and they slew of brick and mortar stores down there yeah they do not not a lot of them but they they do have some Neiman Marcus considering filing for bankruptcy this is not directly related to the corona virus but that certainly I can say it's not helping the retailer has been struggling to ease the debt load the tops four billion dollars sources tell Bloomberg that the Neiman Marcus is talking to lenders about a bankruptcy that will keep the company running no formal decisions have been made so far all right futures have been strong this morning where are we now you're still looks like a rebound back down just a little bit S. and P. futures are up eighty eight points nasdaq futures are up two hundred eighty seven the Dow futures are up seven hundred fifty four from Bloomberg I'm Jeff Ballenger on news radio seven hundred WLW seven hundred WLW forty eight forty two and who people expected to stay at home and more more businesses closed and people keeping their distances between each other it would seem to.
"jeff ballenger" Discussed on 106.1 FM WTKK
"Systems Jeff Ballenger joining us say and good morning sure what's happened well good morning Casey well we had a dismal midweek session for stocks bonds and oil US stock market futures are pointing lower but not like we saw yesterday everything is down about beep well between the half a percent and a little more than one percent so it will be a good day but maybe better than yesterday a new claims for unemployment benefits surged last week up the report from the labor department at eight thirty two hundred eighty one thousand initial filings were counted nationwide that is seventy thousand more than the prior week the highest weekly tally since twenty seventeen and that the experts also say it's just the beginning of things to come as we go through this corona virus crisis a big change coming to the way stocks are bought and sold the New York Stock Exchange is initiating its business contingency plan all big board trading will temporarily be done electronically and that starts on Monday who saw this coming the corona virus bringing a little bit of bipartisanship to Washington president trump and congressional Democrats are promising Americans were home with the corona virus will not miss a paycheck a lot of companies that invested heavily to secure their networks are thanking themselves now private employers and government agencies that sent workers home because of the corona virus suddenly have hundreds or even thousands of employees connecting to their networks every time a connection is made it creates the potential access points for hackers to export the restaurant industry is in trouble of course Bloomberg intelligence analyst Michael Halen is predicting a lot of bankruptcies he says small change but we're only having gone because of that are most at risk bankruptcies will be a major problem for landlords because restaurants and told I would been among the few stable tenants as a more retail activity shipped online assignment property group has closed all of its shopping malls because of the corona virus these closures are scheduled to run through may twenty ninth J. C. Penney joins a long list of trains with a closed all their stores because of the virus and the deeper cuts are announced by delta airlines the Kerrier will park about half of its fleet cut capacity by seventy percent and the KC that means more than US six hundred delta planes will sit idle until we get through this okay and I was going to be abundantly clear because bank of America says that we're in a recession we're now in a recession is that how that works hello Bob bank of America is a mambo's the se were at the start of a recession that's not officially a recession until we have to quarters of negative growth but most experts think that the second quarter is almost certainly going to be negative and they die right well that's why that's why I'm looking at headlines that feeler kinda responsible like this one from the hill bank of America the U. S. is now in a recession I intend to go back to America also said this morning that pot sales are up since this all started we'll see okay all right thank you Sir Percy okay good care Ballenger joining us so we have a literal definition for recession but because somebody the bank said it then therefore none of that matters or gets explained by the way the body of the story tell the bottom you know I am now trying to decide who I find more annoying the journalist would run out and write that without providing context for people or these NIT wit South Florida spring breakers did you see this interview this'll collaborative effort of these Miami spring breakers who are not okay with that they and they are demanding a refund these people that I'm not going to stop me from parting of the ways we will wait for the spring break for about two months to three months worth whatever happens happens.
"jeff ballenger" Discussed on NewsRadio WIOD
"Reversed Jeff Ballenger going Jeff good morning Jimmy the federal reserve announced a second emergency interest rate cut to try to protect the economy from the impact of the corona virus the central bank slashed its benchmark interest rate by a full percentage point and promised to increase its bond holdings fed chairman Jay Powell told reporters that second quarter growth will probably be weak because of the virus and it is hard to predict how long the effects will last businesses sporting events and everyday lives have already been disrupted by the virus and the efforts to stop its spread and more steps may be necessary Dr Anthony Fauci says Americans should be prepared to hunker down more significantly the director of the National Institute of allergy and infectious diseases made the rounds of the Sunday talk shows he said stringent mitigation and containment measures will help the U. S. from getting to where Italy is now stocks rallied on Friday but the future suggest more losses ahead one Wall Street starts the new trading week Jimmy back to you all right thanks for much well one of the things we've got to do is have this conversation with our children what do you say to them without frightening them I gotta be honest right now on the weather for school where they can go and play with their friends well they're not having the after school activities how do you handle that let's talk about it with Dr David Anderson is a child psychologist and senior director at the child mind institute in New York if all the group on Twitter by the way at child's mind I N. S. T. comarch Dr thanks for joining us thanks so much for having me it's an important question would you say those kids absolutely I mean it it kind of depends on on the developmental stage the kids are out in the sense that you know I think the hardest explanations are for young kids who don't necessarily to access to the news and really don't understand what's going on new life is defined by school and play dates and things like that so this is really what we advocate taking a simple kind of just the facts approach with those kids you know some of the the script that we offer to parents are just saying that a number of people are really sick right now and you know for one reason or another we're we're keeping kids home from school and having more home days and then at the same time we're not necessarily seeing everyone on play dates are going out as much because of how many people are sick and I'll buy you some time in terms of a kind of that fact the kids need to know and then I think the the really tough part is that you know we have to open it up to get questions either corrected misconceptions or there's the fact that many kids will respond and say well what about me am I going to get sick or they'll respond with you know how long it's gonna last and that last one's real duty for most of us because well tolerating uncertainty together yeah we really are but most of all I gotta be honest with them too right it's easy given to much absolutely you too much information given depending on as you say the reverb developmental stage right do you want to be honest with them but they're good thing is we just don't want to necessarily increase their level of fear and anxiety so we talk to parents about trying to be you know these call me talk to your kids about it or as calm as you can be all things considered right now and that's the same time to remind them that you know I think this is true of all of us right now but all we can do is kind of coping the current moment but we just kind of think like if schools move to distance learning or online learning we just want to create a structured schedule for cells to kind of get through the day right and if we've got I think we were hearing across the country from many people so we have parents who were both trying to work from home and care for their kids and that's just an exercise and staying sane you know working on shifts and try to get whatever structure you can so something where we don't we all kind of just need to band together here all right Dr this question I guess for for children to be parents too I think you have too much of over exposure to the media about this issue you can you can sit around all day and watch the television and and you know listen to all of the stories that they can start to get to you after rock and sh it's absolutely true because I think that the issue and over exposure to media is that once kids and adults really know what they need to do to keep themselves safe like once you have kind of the basics of social distancing you know exactly how you're going to have to make sure that your your family spending time together over the course of the next you know few weeks perhaps you don't need too much more in the sense that a lot of what you know flying around right now is what's going to happen or how long this will last and given that that's so uncertain we've got a kind of limit ourselves at some point just return to spending time with our families are occupying ourselves thanks Hey doctor Harris thank you so much for your time this morning it's so helpful we really do appreciate thank you thank you and stay well you too that's active Anderson from the child mind institute in New York many Sir he's got other sports may wish you got Jimmy it'll be business as usual for the NFL today the league's tampering window will officially open.
"jeff ballenger" Discussed on Newsradio 700 WLW
"Jeff Ballenger will do puts all of Jeff we have first of all the market surges we know what it's like to be pretty down by stock market futures their limit down off five percent across the board so we don't know just how ugly it's going to be there are ongoing worries over the coronavirus of course and a new concern an oil price war between Saudi Arabia and Russia has resulted in the biggest drop in crude prices since the war with Iraq in nineteen ninety one analysts say even traders who may have intended to buy the dip will likely change their minds today the experts say regardless of what may happen late in the session we'll see a major leg lower at the start of Monday trading Ole motor and we could have some pauses gonna kick in in the day the other trading pauses a may be enacted for the first time since the two thousand eight financial crisis trading would be halted for fifteen minutes if the S. and P. five hundred fall seven percent another fifteen minute pause would go into effect if the index falls thirteen percent and then the markets would close for the day if there were a twenty percent decline we note that Wall Street has never before seen a circuit breaker trips of thirteen or twenty percent let's hope we don't see it today open hope again all right well we have an employment numbers well the conference board's employment trends index is on the economic calendar today comes out to shortly after the markets open ended could offer clues to whether hiring is going to remain strong in the months ahead labor labor department reported Friday that the economy created more jobs than expected last month but analysts say future reports could reflect the impact of the corona virus all right and Leslie are friends of Boeing with another headache yeah another set back in the efforts to get the ground at seven thirty seven Max jet back in the year it's reported the Federal Aviation Administration has notified Boeing about a problem with the trap planes electrical wiring that has to be resolved before the plane can fly again okay futures oblique yes they are down five percent across the board S. and P. futures down one hundred forty five points nasdaq futures down M. four hundred ten dollar futures down one thousand two hundred fifty five points from the Bloomberg news room I'm Jeff Ballenger on news radio seven hundred.
"jeff ballenger" Discussed on NewsRadio WIOD
"Operable for Jeff Ballenger this morning Margie Jeff Jimmy good morning up plunging global oil prices is adding to the dread related to the corona virus and the markets are headed for a rough opening we don't know just how bad it might be when the markets open because the drop in the futures triggered circuit breakers that limit losses to five percent crude oil futures of seeing the deepest plunge since the start of the war in Iraq in nineteen ninety one an OPEC meeting in Vienna failed to reach an agreement on output cuts and Saudi Arabia ramped up production analysts say the move launched a price war with Russia that means an increased supply will combine with the drop in demand from the corona virus the collapse in oil prices has pushed natural gas futures to a twenty one year low the conference board's employment trends index is the only thing on the economic calendar for today it is not generally a market mover and there is word of another setback in Boeing's efforts to get the ground at seven thirty seven Max just back in the air the Federal Aviation Administration notified blowing up a problem with the plane's electrical wiring Jimmy back to you sorry thanks rollers all kinds of things going on in Saudi Arabia they're involved in an oil war with Russia price was dropped to the floor and then two members of the royal family were detained over the weekend now there's talk to my been a coup d'etat attempt with solace who's accused in do they still have their heads a story about a W. Nash course models entry from my Twitter at bills Z. nine A. one to mark your bill yeah you're never quite sure Jimmy aria when things like this begin to happen over there and die what ended up happening was a total of four members of the royal family were detained and now facing possible long imprisonment including the brother of the king two nephews of the king and another prince who is a former army head of intelligence a person who previously abstained from pledging his allegiance to the crown prince Mohammed bin Salman Khan so what's going on here well the first thing that happened when these detainment were revealed over the weekend was the health of the king king Solomon is eighty four years old and the feeling is if he is in ill health there could be some jockeying for position under way and perhaps even an effort to remove Mohammed bin Salman Khan as the crown prince or it could have been a preemptive move by M. B. S. in order to make sure there are no challenges to his ascension to the throne whenever that time may come so he may just have tightened the clamps rounded some people up to make sure there is no opposition and to him becoming the next king of Saudi Arabia now there's been no comment from the Saudis only to say that the king is fine they even released some photographs of him conducting state business and they say the king is fine but other than that they aren't commenting on these detainment which the Wall Street journal Jimmy says has been expanded now to include dozens of Interior Ministry officials the interior ministry is in charge of national security so there's that there's something going on here we're not exactly sure what is happening but it appears that Mohammed bin Salman wants to make sure there are no challenges to his ascension to the throne whenever that may come it's not the first time he's done this to last year then they run out of dozens of members of the royal family I mean when I say we found out they had among the tension like in a in a Ritz Carlton some something like that in the in in Riyadh you know that the not put in a jail cell that's right well we don't know about these latest but right back in you're right yeah that's the end we was an anti corruption operation that saw top Royals other officials and senior businessman detained for a couple of months in that Ritz Carlton in Riyadh and they were forced to sign over billions of dollars in assets in exchange for their freedom so yeah these are things that have been done before in Saudi Arabia I think this one may be a little bit different than that and we'll we'll wait and see exactly what happens to these members of the royal family right there's there's there's no relationship to the oil fight that's going on with Russia or is there there's no direct relationship although it adds to this uncertainty yeah I mean that this this price war that has developed between Saudi Arabia and Russia in an effort to get Russia to go along with production cuts with OPEC it is really causing oil prices to plunge and this uncertainty added to this is certainly not helping the situation there's one other part of this as well part of this move could be because Mohammed bin Salman Khan is based coming under criticism for some of his actions in the past and he is also a parade reportedly that president trump may not be reelected and president trump has given him a pass on a couple of issues like the murder of Jamal because she'll be like the Saudi involvement in Yemen and this detainment of people in the past so there's a little concern there that another administration might not be so friendly and willing to go along with the actions of the crown prince some believe what what a mess it is there yeah we bring Russia into he really got a problem yeah all right thanks so much we'll talk to tomorrow good day now thanks Jamie zero six twenty six men's go look at our especially Jimmy all American sports leagues are preparing for how to deal with the coronavirus the NBA says all teams must have a plan how to deal with the virus is placed by tomorrow the athletic reports Major League Baseball the conference call with owners today the NHL has made international travel for all league office employees for about a mile dropped twenty seven points brought in fourteen boards had six assists to lead to a one hundred eighty nine win over the wizards in Washington Miami has now won five of their last six the bad news Jimmy Butler suffered a toilet teleserye unknown how serious that is he currently set at the fourth season the Eastern Conference champs agri medicament opposed to six forty one the latest on the corona virus and now a Broward man is among the latest to test positive we'll tell about this straight ahead at six forty one traffic at six thirty in Israel's extend that you I. O. D. south Florida's first news with Jimmy Savile row weekday mornings at six because it is just a terrific company that's really transformed our property out here I. R. medium we completely transformed to they came well I don't know the four five months ago and the wind quickly the owner is and the staff just it's such an amazing job of changing everything and and in other you know walkways to to to find a bench down a nice little path their flower beds there are local is not in a lot of different natural products that they've trim the trees the lighting is better it's terrific it is the first in our customer base is so it's improve the value of our property but also our business overall they can do for your business to cutters edged out of for a long time this service homeowners associations condominiums corporate parks city districts in shopping plazas and court date all of Broward and.
"jeff ballenger" Discussed on Newsradio 700 WLW
"L. W. I. Jeff Ballenger in here fewer robo calls maybe yeah maybe Steve we could notice a decline in the number of such calls to get through to our home and cell phones president trump is signed an anti robo call measure into law authorities have new enforcement powers now and the new law may speed industry efforts to identify and block robo calls but the we do note that some outlaws will continue to place the calls experts say the robo calls will not and completely at least not yet very few BSN FedEx they they're trying to get rid of some of those big heavy packages yeah both companies have a lowered the weight threshold which ship packages become subject to surcharges bulky items that way more than fifty pounds will cost an extra twenty four dollars to ship the prior threshold was seventy pounds of this this could raise a lot of shippers costs there all right there are we get a holiday bonus well more than forty percent of young adults who work full time were expecting a holiday bonus this is according to a Sallie Mae survey we don't know how many of them were disappointed a most thought they'd be getting between one hundred and one thousand dollars bonus where what's markets in future look like for yeah the futures of turned lower the S. and P. futures down one point nasdaq futures down eight Dow futures are down eighteen points now from the Bloomberg news room I'm Jeff Ballenger newsradio seven hundred WLW checking around here this morning good morning Chuck good morning it's like it's a one of those light mornings that we collected call diet traffic.
"jeff ballenger" Discussed on Newsradio 700 WLW
"L. W. I. Jeff Ballenger has some breaking news involving Cincinnati bell what is that breaking news Jeff all right literally reading off the news release Mike Cincinnati bell and Brooke field infrastructure announcing up this morning in agreement through which Brookfield infrastructure and its institutional partners will acquire Cincinnati bell it's a transaction valued at about two point six billion dollars that's a combination of cash and the assumption of debt and who are these interlopers I did and I've got to go back I can say I'm brook field infrastructure okay so now we have a lot more for you in another hour ready then we have a China easing off of them terrace yeah cutting terrace on a lot of goods including food consumer items since mark phone components now this is not directly related to the trade war with Washington though it does support Beijing's claim that it's working toward further opening its economy okay the capsule that the Boeing launched of was to look up at the space station that didn't make it Boeing seven a rough patch yeah the they are certainly with the seven thirty seven Max and now the Boeing starliner spacecraft at least the a space craft is back on earth the two day flight to head to be cut short because a software problem put the craft into an orbit the made it the the planned docking with the international space station impossible the young man starliner landed safely at the white sands missile range in New Mexico so at that part of the mission is being touted as a success all right at the box office nobody saw cats what else happened the all star wars that can still draw big audiences Star Wars the rise of sky Walker took in one hundred seventy six million dollars in its opening weekend in the U. S. and Canada ticket sales were stronger on Thursday and Friday of that on Saturday and Sunday the analysts say that suggests Die Hard fans wanted to see the film right away Jumanji the next level frozen to number two and three and cats which got does more reviews going young was a distant fourth it took in just six and a half million dollars ready futures are still positive S. and P. futures are up seven nasdaq futures up twenty six DOW futures are up fifty six from the Bloomberg news room I'm Jeff Ballenger on news radio seven hundred W. welled up all right let's grab your chart give anything the deal was definitely couple something's from the UC help traffic center you see health our research provides New Hope for patients take part in a clinical trial by visiting you see health dot com slash research I've been talking about this new trade I think way out in the bar lately out in the construction zone he's found seventy four now report of an accident on the ramp to southbound seventy five crews are already working with the wreck on hop over seventy five and that's slowing traffic coming off of a highway southbound seventy five in northern Kentucky report of a car fire near Dixie highway and that pales the right two lanes blocked off.
Bottled water market growth slows
"Well there's a crisis of the bottled water industry Jeff Ballenger a Bloomberg has this and focus reports bottled water has been a huge consumer product for more than forty years ever since dupont patented the plastic bottles that have become the industry standard but demand has begun to slow play is having difficult tear down known never reported difficult quarter coca Cola as well John this newly Harrison editor with Bloomberg news he says companies are working to keep the good times going they are seeing increased demand for specialty types of water sparkling waters flavored waters coca Cola now is rolling out something that has a little bit of caffeine in it but the environmental movement is a real
"jeff ballenger" Discussed on Newsradio 700 WLW
"Dollar it is with Jeff Ballenger and the Jeff we have a consumer price index his number is in yes it is just a released in Washington Mike the consumer price index was up four tenths percent last month this is the way governments yeah this is the government's reading on the retail level inflation they gain for the month was bigger than expected the core CPI which excludes the cost of food and energy which tend to be volatile was up two tenths percent that matched forecasts but it is noted that the core CPI was up two point three percent from October of last year that was less than expected so it suggests that the inflation at the retail level is still paying that makes my day yeah I'm all right the international energy agency knows how much oil we have left in the world well and knows how much we're we're going to need oil for the next several years apparently my global demand for oil will continue to grow for at least another decade if the I. E. A. calculations are right the long term outlook says the world's need for oil will increase until the twenty thirties and climate damaging emissions will be climbing into love least twenty forty the I. E. A. so strong government leadership is what's needed to reduce emissions we're supposed to run out of oil back in nineteen seventy eight what happened there he go over beagle jail yes now retirement surveys suggest that people are working longer than they used to yes a change in the age old perception of old age Harris poll commissioned by TD Ameritrade finds the number of Americans choosing to work well into the retirement is growing more than half of those who expect to stay on the job say they want to work even if they have enough money to stop what did you have a good time no sale yes that's right all right futures look like what they're Jeff they're still lower the S. and P. futures down nine nasdaq futures down twenty nine Dow futures are down ninety eight points now from the Bloomberg news Romijn Jeff Ballenger on news radio seven hundred W. L. dot I look at eight forty eight forty seven hundred WLW and in the subject of the Astros supposedly cheating was twenty seventeen and when they won the World Series.
Markets close lower on concern about jobs and manufacturing
"A disappointing report on private sector job growth added to investors' jitters about the health of the economy and stocks fell sharply in mid week trading the payroll report came just a day after the ISM manufacturing index pointed to a contraction in factory activity Neil Dada renaissance macro research tells Bloomberg the I. S. M. reports tend to exaggerate the highs and lows it's important to note that the I. S. M. really was overstating I economic activity manufacturing activity in the US in twenty seventeen to twenty eighteen and I think you can make a pretty good case that it's understating it now the I. S. non manufacturing index which tracks service sector activity will be out this morning economists say it probably we can debate in September but remained at a level that still points to expansion all the reports will cover September layoff announcements and August factory orders and we get the weekly updates on new unemployment claims mortgage interest rates and consumer comfort with business now what twenty three and fifty three past each hour from the Bloomberg news room Jeff Ballenger newsradio seven eighty and one oh five point nine
"jeff ballenger" Discussed on 10 10 WINS
"Jeff Ballenger at Bloomberg eighty piece report on private sector payroll growth is on the way this morning twins news time one twenty one from the ram truck traffic center here in Jeff Jensen that some work going on north of town on the new in through a of course it's I ninety five north bound to new Rochelle up toward large one south bend through Mamaroneck and looks like the sap and work is that they were as you approach the Connecticut there the New York state line you leave Connecticut that traveling Granderson slow down by the state on the merit the harsher okay and there is a debris spill though in Hastings on Hudson that's on Farragut parkway just west of the sawmill prevalence whatever it was was that not too bad because it's been moved up to the shoulder myself see me see some of police activity there with a clear that up and definitely seeing some construction vehicles on the Sabbath on the west side highway also also north and the assault and mainly sap and nineties down to the seventies with the over there working here's what we see on long island's big three really work in the southern state is a twenty five to seventeen the northern state in the LA more well the civil Easter expressway is very very busy north and only one lane open between Broadway and the northern state parkway with some paving work here's what you need to know about the bridges and tunnels little slow getting on to the RFK bridge from queens as construction for quiet the other East River crossings enough and now the link in Holland and the George and some work on a going over the call numbers at slow down a little bit as a hearing to Rockland county I'm Jeff Jensen next report one thirty one on ten ten wins. no commercial message it's time..
Dow industrials finish up over 200 points after Fed minutes
"Nine twenty five it's money news WCBS with Bloomberg's Jeff Ballenger all streets up and down we continued with stocks advancing today the key indexes east from their session highs after the minutes from the federal reserve's last meeting fell short of suggesting that steep interest rate cuts are on the way still the Dow Jones industrials rose two hundred forty points the nasdaq close seventy two points higher and the S. and P. five hundred gained twenty for the games ranged from eight tenths percent to nine tenths percent shares of target and Lowe's rallied both chains posted stronger than expected second quarter results shares of Nordstrom advanced in extended trading after the retailer reported second quarter sales and earnings the top Wall Street
Dow drops 800 points amid recession fears
"The Dow Jones industrials the nasdaq and the S. and P. five hundred each fell three percent on recession fears caused by a bond market indicator the Dow lost eight hundred points its worst decline so far this year the nasdaq fell two hundred forty two points the S. and P. lost eighty six Laurie Calvert scene of RBC capital markets says the market turmoil will likely be around for a while we really do feel like we're we're kind of where we deserve to be at your end but in the interim we think there's more pain to come tell the singer says at the least the stock market was new for a period of consolidation Cisco Systems posted quarterly results after the bell Cisco's adjusted profit slightly beat estimates but investors were disappointed over the company's revenue forecast Macy's posted weaker than expected second quarter results and cut its guidance for the year before the start of the mid week session it shares fell thirteen percent the women's clothing chain Avenue stores is shutting down Jeff Ballenger Bloomberg
S&P 500, Nasdaq end at records to close out a strong week for tech
"Stocks ended the week with an obsession the key indexes had gains ranging from two tenths percent to one point one percent the nasdaq and the S. and P. five hundred settled at record highs the Dow Jones industrials rose fifty one points the nasdaq closed ninety two points higher the S. and P. five hundred gained twenty two the economy slowed in the spring but not by as much as expected the commerce department estimates the gross domestic product expanded at a two point one percent annual rate in the second quarter David Rosenberg of costume shop says consumers did their part it was led by the big bounce in consumer spending at four point three but the on the consumer a lot of the components are pretty soft Rosenberg says the consumer spending spike may have been temporary stronger than expected quarterly results boosted shares of alphabet Twitter Starbucks at McDonald's Amazon missed out on the rally investors were worried that the company might be over spending Jeff Ballenger Bloomberg