24 Burst results for "Jefferies"
Bloomberg Radio New York
"jefferies" Discussed on Bloomberg Radio New York
"A on special Apple, Broadcasting Spotify, 24 and anywhere hours you get a your day podcasts. at Bloomberg .com This and is Bloomberg the Bloomberg Daybreak Business here Act, for this Wednesday the 28th of June in London coming up today. Swinging the axe, UBS prepares to cut more than half of Credit Suisse's 45 ,000 staff. No deal investment banking revenue tumbles at Jefferies as mergers and acquisitions dry up. Taking their chips off the table, reports suggest the US is preparing to limit the sale of AI semiconductors to China. Phoning it in and water CEO taps out. Those are the stories we're looking at in today's papers. I'm James Woolcock. Plus on shaky foundations price cuts point to the start of a UK property market. That's all straight ahead on Bloomberg Europe on Daybreak DAB Digital Radio London Bloomberg 1130 New York Bloomberg 99 .1 Washington DC Bloomberg 1061 Boston Bloomberg 960 San Francisco Cirrus XM Channel 119 and around the world on BloombergRadio .com and via the Bloomberg Business Good morning from London, I'm Stephen Carroll. And I'm Caroline Hetka. Welcome to Bloomberg Daybreak Europe. Let's start with a check on the markets for you. You've got a mixed picture on shares in Asia tech shares being weighed down by reports that the Biden administration considering further powerful semiconductors used in AI. So the Hang Seng in Hong Kong is flat at the moment. This ESI 300 index Chinese of shares is down by a tenth of one percent, some very small gains on the Hang Seng tech index, as well as we're watching how the impact of that is playing out across markets in Asia. We've also got a lot of focus today on the Sintra Forum with that panel, including the head of the Federal Reserve, the Bank of Japan, the Bank of England and the ECB all speaking together this afternoon. That's a big focus for markets too. European stock futures are positive this hour, Eurostox 50 futures up by half one of percent, FTSE 100 futures are three tenths higher on Wall Street, S &P E -minis are down by two -tenths, the two -year Treasury yield down a basis point this morning, four point seven five percent. Bloomberg Dollar Spot index is a tenth of one percent stronger, the euro trading up .54 109 down slightly against the dollar, the pound down a tenth on cable at 127 .32. Those are the markets, these are top stories. Bloomberg has learned that UBS is planning to cut more than half of Credit Beach's 45 ,000 strong workforce. The job losses will start next month and focus on bankers, traders and support staff in Credit Suisse's investment bank in London, New York and some parts of Asia. Our Wall Street correspondent Solani Basak breaks down how those cuts will happen. The way that this will be done, according to people familiar, is three rounds of job cuts this year, the with first round expected by the end of July and two more rounds tentatively planned for September and October. So certainly, through October, through the end of the year, there will be kind of a lot of communication with us, plus probably a lot of conversations across Wall Street and global finance. Solani Basak says UBS intends to reduce the total combined headcount of 120 ,000 by about 30%. The Swiss lender wants to save around $6 billion in staff costs as it looks to solidify its now completed Credit Suisse takeover and will be joined in a moment by Marin Haftemeyer, Bloomberg's based Zurich reporter who broke the story. Jeffries has reported a 26 % plunge in investment banking revenue amid a global slump in deal making. More from Bloomberg's Charlie Palace. They have pulled profit for the period. Investment banking revenue declined to $510 million in the ending period, May 31st. That fell short of the $663 million average estimate of analysts in a Bloomberg survey. Jeffries says the results were, quote, consistent with a significant decline in global mergers and acquisitions volume. Jeffries earnings offer a look into how Wall Street performed during a period of turmoil as several regional banks collapsed into government receivership. In New York, Charlie Pallet, Bloomberg, Daybreak Europe. Now more than 10 thousand US bank jobs have been cut this year. Some of the biggest reductions have been seen at Goldman Sachs and Morgan Stanley. They've both trimmed more than three thousand jobs each, with more rounds of cuts expected. Alison Williams, a senior analyst for Bloomberg Intelligence focused on global investment banks and asset managers, says that firms are playing catch up with the market. It's a tough environment and we're seeing broadly across the industry, investment headcount coming down and that headcount I would say is not a forward indicator so much as catching up to the significant declines on investment banking revenues last year, down fifty percent. This year there was hopes that we would get some kind of rebound. We're seeing things studying at pre -pandemic levels, the really soft levels. Alison Williams there, who added it that is a tough market for job applicants as investment banks face one of the weakest years in the Nvidia last decade. led declines in shares of US chipmakers in late trading on Wall Street after the Wall Street Journal reported that Washington could soon close loopholes in the sale of powerful chips The chips are those used to train AI models and the restrictions are aimed at containing China's technological rise, but the move would clearly dent sales. Nvidia gets nearly 20 % of its revenue from China. Its chips are vital to the development of generative AI models such as ChatGPT. year This Nvidia produced less capable chips below thresholds requiring a license from the Commerce Department to export to China or other countries of concern but Washington is now weighing action as soon as next month to expand the curbs to include those lower powered semiconductors. In New York I'm Doug Krisner Bloomberg Daybreak Europe Now underlying inflation needs to be firmly in retreat before the ECB can consider pausing rate rises that according to the Governing Council member Pierre The hawkish Belgian central bank chief says a September pause is possible. We need core to go down and we have only one reading of core by July so the likelihood that that reading would completely change to perspective we have on core is relatively limited but we have three readings of core before September so let's wait if it goes down it goes down maybe we can pose the comment by Pierre Wunsch is the on the sidelines of the ECB's annual forum in Sintra comes after President Christine Lagarde warned that peak rates are still some way off almost half of UK home sellers were forced to cut their prices by more more than five percent last month according to the property portal Zoopla the new data comes as surging mortgage costs put strain a on the market Zoopla says that about fifteen percent of sellers accepted at least ten percent their off initial asking price with discounting at its most widespread since 2018 despite the reductions the firm reports the average house prices are still higher than a year ago but momentum is slowing sharply Those are a few of our top stories so the UK is seeing rising rates interest now peak in the markets of six point three percent expected by February The chancellors meeting companies to try to put some pressure on them to pass on any cuts to their customers and for banks to pass on hard savings rates to their to their customers to the government doesn't have much power to do this but this is kind of the backdrop to what's happening in the UK yeah look this is an attempt by the government to show that they are exerting pressure as needed on key sectors they've had their meetings with the supermarkets before the business committee was grilling the heads of some of the biggest supermarkets yesterday about their price policies as well this is an area where we see the government trying to exert political pressure to try to ease some of the burden of inflation on consumers and mortgage holders in the case of the banks yeah absolutely I mean that that's the difficult backdrop as of course yesterday we told you about Bloomberg economics revising its forecast seeing a recession for Q4 in the UK the slightly more positive spin though is the signing of the memorandum of understanding of financial services between the UK and the EU that took place yesterday so that's the good bit and why am I telling you this because these are the seeds for the panel that I'm going to be hosting tomorrow from
Netflix is A Daily Joke
"jefferies" Discussed on Netflix is A Daily Joke
"I don't have a problem with Greta fundamentally. I actually agree with everything she's saying. I agree with the science. I just don't want to fucking hear it. She's always picking on my generation. She's like, your generation ruined it for my generation. Not my generation, Greta. You're thinking of the cunts before me. The generation before me did fucking nothing. My generation invented the different coloured bins. That's all I can do, Greta. I'm fucking flat out with the different fucking coloured bins. The generation before me had one bin and they threw fucking everything into it. They didn't have the grouch looking fucking bin and it had a lid that fully detached because that generation was so fucking stupid. They hadn't thought to put a hinge on the bin so the lid in the bin could be one unit. Maybe they talked about it in the bin factory. Someone threw up the idea of the hinge. I reckon we should put on a hinge. And then one bloke puts up his hand. Yes, Neville. And then Neville goes, but what if a kid wants to use the lid as a shield? You fucking got me there, Neville. I don't want to fuck around with childhood magic. No hinge it is. And then on garbage day, the bin company conveniently put two handles, two steel handles on the side of the bin. So you had a couple of options on garbage day. You could get the bin by one handle and drag it along your driveway with fucking sparks flying out of the car and take it out to the curb. Or you could pick that bin up with the two handles and put the wet garbage up against your body. And you could waddle out to the sidewalk like this. Because that generation was so fucking stupid, they didn't think to put man's first invention on the bottom of the fucking bin. They didn't see a heavy object that had to be moved on the regular and thought, fuck me, the wheel would nail this one.
Netflix is A Daily Joke
"jefferies" Discussed on Netflix is A Daily Joke
"I just got back from touring Australia, the whole place was flooded. Right? Remember three years ago, the whole place is on fucking fire. Remember that just before COVID, all of Australia was on fire and we're all like, oh, the world can't get any worse than this. People died. People lost their homes. But the only thing reported in North America about the fires in Australia was. The koalas. Yes. You all seemed very concerned about the koalas. In fact, if you saw me, you'd say something, I'm so sorry to hear about your koalas. Pretty fucking cut up about the whole thing. That they get all the press. Imagine you're a fucking wombat, your family's just burnt to death. Now I like koalas as much as the next man. But if any animal deserves to die, it's the koala. The koala is the laziest animal on earth. It's sleeps for 22 hours a day. The sloth sleeps for 21. It only eats eucalyptus leaves. Eucalyptus leaves are its source of food and water. There is a chemical in eucalyptus that reacts the same way to them that THC reacts to us. So they stoned all fucking die. 80% of koalas have chlamydia. So they're stoned with chlamydia. We all have a friend like this. And they're up in the tree with their family. Just sitting there. And the fire is blazing through the Australian bush. And all the other animals are running and jumping in the opposite direction of the flames. Not the koala. It's getting a bit hot. It's probably just your chlamydia love. Go back to sleep. Watch Jim Jefferies, high and dry. Only on Netflix. And if you want more comedy in your life, you can follow us at Netflix as a joke on Instagram, TikTok, YouTube, Facebook, and Twitter.
Netflix is A Daily Joke
"jefferies" Discussed on Netflix is A Daily Joke
"On her back on the bed and the man gets on top. This is so horrendous looking. That you can't search for it in Pornhub. No one in the world has ever seen, I've tried. They've never searched for this. No one wants to see it. You always get into that position by accident. Maybe your intention, a man the wife got into it by accident, right? So I'd gone downer, right? My turn. We don't keep a tally, but I'm too up. Anyway, so. All right, Dan, huh? Did she finish this, right? If I can go, I'm off to the bathroom. Now her head's at the end of the bed she was laying that way on the beat. And so her head's at the end of the bed. And then as I'm walking by, she just grabs my cock. And so you guys to put it in her mouth. And I'm like, hello? Oh, I should mention it this stage. My in laws will be watching this. I don't know what to tell you. Anyway, so. She started sucking my cock and I'm like, ah, good on you. Well done you. And we go through the whole show, the whole song and dance. We all do it, right? She puts it in the mouth, then she sticks a tongue out nice, slap it on a tongue. And she acts like that something she enjoys. She's like this. And I'm like, and I'm like, you're having a good time. So. She's sucking on my dick, and her head's at the end of the beat, and I don't know why I did this, but I thought, I want to do is I whip my leg around here. And as soon as I did it, I knew I'd made an error. The ball sack was covering a nose and the breathing became very labored. And not just the nose, and I'd come right over her eyes, giving her flies eyes. And I was like, oh, this can't be good. I have to leave a bit of the precious. I put one knee up on the mattress. But all that did was shift the balls off the eyes under the bridge of the nose. So she still can't breathe. But now she has a very clear view of my gaping hemorrhoidal asshole. And I'm like, that can't be fun. So I put the other knee up. Then I'm up, and then I fell forward. And started looking from above. An act like that was what I meant to do. Now boys. If you ever find yourself in a situation where a woman asks for a 69 where she's in the bottom and you're on the top. Make sure you get yourself some rock solid consent. Get a video of her saying what she expects, what she wants. Make a hold the newspaper for that day. Maybe a contract, get a notary. There's not enough. Because girls, once we get started in this position, there's no turning back. Unless you're safe where it is. Your butt fuck out a lot. If you do it on a soft inner spring mattress, she stands a chance. You do it on memory farm. You'll fucking kill a bitch. So that's what it's like to be married. Watch Jim Jefferies, high and dry. Only on Netflix.
Netflix is A Daily Joke
"jefferies" Discussed on Netflix is A Daily Joke
"I'll tell you another thing that you only do early on in a relationship and then you fuck it off. 69. 69s a new relationship activity. And then if I could never do it again. Three months it gets 69. You do it in the beginning because you want to act like you're free with your body. But it's stupid. Too much geometry involved. Like I'm 6 foot tall, so I need a woman who's 5, 5 for the perfect 69. Any tour, I'm finger banging behind me hitting out a belly button. And any shorter and I've got me Nick up like this and I feel like I've been in the front row with a movie. That's why you gotta give it up for the guys. Must be wonderful. You just see each other. Same height, 69. Because those people stick together like LEGO. Now another problem is 69 is
Bloomberg Radio New York
"jefferies" Discussed on Bloomberg Radio New York
"The CEO of global X ETFs, a firm that manages about $40 billion in nearly a hundred ETFs. He joined global X in 2014, previously he worked at Jeffries as an investment banker and at Morgan Stanley. Global X is known for some of the more interesting, thematic ETFs, including the variable rate preferred, the NASDAQ 100 covered call, clean water. There's all interest rate hedge. There's a whole run of ETFs and we'll talk about many of them. Luis barugo welcomed to Bloomberg. Thank you for having me, Barry. So let's talk a little bit about your background before you join global X you were an investment banker at Jefferies. You advised on M and a and divestitures and capital raises and before that, Morgan Stanley doing technology and operations planning for the wealth and asset managing group discussed that background and how does that lead up to a career in ETFs? Great question. So yeah, how do I get a real investment banking with Jeffreys and it was a really good professional experience because I didn't have the opportunity to work in M and a equity and debt financing. I had a chance to be part of somewhere interesting transactions in the banking space, I did in 2013 of the lab just banking transaction that the market had seen since the financial crisis. It was a $2.4 billion deal. And that was a very interesting experience because it really allowed me very to understand the psychology behind M and a, which it came in very, very handy later on in the context of global. And from this standpoint of Morgan and Stanley was the earlier party my career and the second great company, great group of people I would be forever thankful to the guys at modern Stanley because they gave me the first opportunity to work to get a full time job in the U.S. when I first moved from a spin. And I learned a lot because I spent a lot of time with financial advisers, which as you know, is a key segment of our client base. Today, so phenomenal learning experience with both Jeffree and Morgan Stanley. So you move here from Spain. What is the financial advice world like in Europe? What's it like in Spain? It has to be such a different set of the retirement planning is different. The safety net is different. What's the finance industry like in Spain? It's fundamentally different. First of all, I think the amount of investors are participate in the financial markets is much smaller than it is in the U.S.. And I think that financial advisers are used but not as widely used as they are in the U.S. and definitely the retail market participation is significantly lower than you can see in the U.S.. So you join global X in 2014, what led you to them from Jeffries. A couple of things. Up until that point, very I was, I had worked only for really big companies. Morgan Stanley and Jeffrey. So I was definitely looking for something more entrepreneurial. One of my biggest frustrations with working on a big company is that they tend to be very bureaucratic. It takes a lot to get things done. So I was definitely looking for something more entrepreneurial when I could see more of an impact of my contributions in the actual output of the business. So that was definitely one of the key drivers. And then the other driver barrier was that I saw the potential of the ETF industry quite frankly. I was already an investor in ETFs at that point in time. I remember telling myself, why would anyone invest in mutual funds when you can buy an ETF instead, you have the liquidity, the tax efficiency, the transparency. And I did the math, and I think at that point in time, rather speaking, assets in ETFs were roughly just ten, 12% of assets in mutual funds and I was pretty convinced that that number was increased significantly. So I saw the opportunity and that when global X came along. And where are we now? What percentage of the assets are in ETFs relative to mutual funds? Right now I think around 33 or 34%. So tripled since you joined global ads. Yeah, a 100%. And I think that trend quite frankly, very, is accelerating and my view is that it's going to continue to increase even faster. I think there are many catalysts, lots of mutual funds to ETFs that we are seeing in the market. I think 401k plans are starting to use ETFs more broadly. And then some of the new changes around how you can do actively managed strategies in the context of an ETF. I think that's going to accelerate the adoption of ETF significantly. Our mutual friend, Dave nadig, has joked that if mutual funds came out today, they would never be approved by the SEC. What do you mean you share capital gains with people who have been sold? That's a terrible idea. And clearly ETFs clean that up. So not only has the ETF industry been gaining momentum, but global acts has really grown, you're now just about $40 billion in a very challenging year. Tell us what led to this growth. What's made you guys as successful as you've become from a much smaller base a decade ago. Yeah, I mean, it's been a beautiful ride to be honest. I joined global X in 2014 and we had if I remember correctly approximately one and a half $1 billion in AUM, I was employee number ten and for all intents and purposes we were a startup. When I joined, I didn't have a computer for ten days. So you had a little bit of that feeling. So fast forward to where we are today. We have over $40 billion in assets under management. We have 200 employees and we have a local presence in all of the major markets around the world. And to your point, I think there are two main drivers of that growth, one is our leadership in thematic investing is an area we've been very focused on and the second aspect of our strategy that has been very, very helpful is our global expansion. We do believe the growth of the ETF industry is not just a U.S. phenomenon. It's a global phenomenon. And we want to be able to service our clients in all regions of the world. Coming up, we continue our conversation with Luis barugo, CEO of global X
Bloomberg Radio New York
"jefferies" Discussed on Bloomberg Radio New York
"Let's dig into it with Bloomberg business week editor Joe Weber It's the cover story of the upcoming issue Bloomberg business week We did afternoons at two eastern These are retailers that have been on everybody's radar Those Apple numbers continuing to come in On Bloomberg radio the Bloomberg business app and Bloomberg radio dot com The Pentagon press secretary says the focus remains on making sure Ukraine can fend off Russian aggression after its sovereignty was violated This new training effort in Germany and at other locations is in direct support of recent U.S. security assistance packages that are designed to help Ukraine win their battles today and build strength for tomorrow Speaking to reporters John Kirby said the U.S. is trying to send Ukrainians defense systems that they're already kind of familiar with so it requires as little training as possible The FDA will soon consider approving COVID-19 vaccines for kids under 5 The administration will mull over Moderna and Pfizer's shots on either June 8th the 21st or 22nd A judge is rejecting president Trump's bid to end a contempt ruling that comes with a $10,000 a day fine Trump was held in contempt for failing to comply with a subpoena for evidence in the New York attorney general's investigation into his business dealings I'm Brian shook And I'm Charlie pellet At Bloomberg world headquarters Stocks tank Amazon has its worst days since 2006 plunging 14% the S&P down today by 3.3% four losing weeks in a row Katie Nixon is chief investment officer at Northern Trust I mean I think valuation is very fragile in this rising rate environment here And then at the same time you've got some fundamentals that at best are sort of flattening out and at worst are showing some declining trends I mean Netflix is sort of the poster child joined now by Amazon Katie Nixon of Northern Trust Tech stocks were especially hit hard today after earnings from Apple and Amazon Brent fell as an analyst at Jefferies All of Jackson and the penalty box were seen a massive downswing post pandemic hangover multiples have come from living with the aliens as we call it back to Planet Earth And we have a potential recession that we're all staring at in the next year Brent Phil of Jefferies But given the declines for technology with the NASDAQ 100 index down about 19% year to date when is it safe to return on a station amoroso is chief investment strategist at high capital If you look below the surface and if you look at the valuations of software and semiconductors for example even info tech and communication services Bradley they're starting to screen pretty cheap They're now in the 25th percentile or so of their valuations metrics over the last 5 years Anastasia chamois so have I capital S&P down a 155 down 3.6% the Dow down 2.8% today NASDAQ plunged 4.2% Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries I'm Charlie palette This is Bloomberg.
Bloomberg Radio New York
"jefferies" Discussed on Bloomberg Radio New York
"At best are sort of flattening out and at worst are showing some declining trends I mean Netflix is sort of the poster child joined now by Amazon Katie Nixon of Northern Trust Tech stocks were especially hit hard today after earnings from Apple and Amazon Brent fell as an analyst at Jefferies All of that penalty box we're seeing a massive downswing post pandemic hangover multiples have come from living with the aliens as we call it back to Planet Earth And we have a potential recession that we're all staring at in the next year Brent Phil of Jefferies But given the declines for technology with the NASDAQ 100 index down about 19% year to date when is it safe to return Anastasia amoroso is chief investment strategist at high capital If you look below the surface and if you look at the valuations of software and semiconductors for example even info tech and communication services Bradley they're starting to screen pretty cheap They're now in the 25th percentile or so of their valuations metrics over the last 5 years Anastasia chamois So have I capital S&P down a 155 down 3.6% the Dow down 2.8% today NASDAQ plunged 4.2% Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries I'm Charlie palette This is Bloomberg.
Grant’s Current Yield Podcast
"jefferies" Discussed on Grant’s Current Yield Podcast
"Well, if you are a very large speculator in cryptos and you also happen to be similarly inclined to speculate in the deals on offer and the NASDAQ where you can buy pre revenue companies at infinite time sales. There's going to be some cross ownership and some correlations that drive behaviors, especially in the face of a margin call where imagine you speculated with ten to one leverage. And you wanted to raise some fresh U.S. greenbacks to go and buy some more tethers to speculate in the casino. So we do think there's a lot of that. But the point of dollars X Mac and I actually is this concept of while the line that got everybody annoyed in the Bitcoin community, was we said, and everybody sort of forgets the precursor to that line. If you use Fiat currency as you're determining framework, it's pretty undeniable that the Bitcoin slash crypto ecosystem has many, many elements of a Ponzi. In other words, they need a constant inflow, a fresh Fiat to hold the entire enterprise up. And then if you think if you agree with our crypto field of dreams piece where you sort of view this as a Fiat confiscation machine, well, the insiders know when the big collapse will come and they'll be the first to grab the dollars and go out the door. So your particular question about the correlation with other risk assets. So I think it's just a natural consequence as more and more new players bring new money into the system. And then they sort of cross pollinate between markets. But our main piece in their main point of dollars X Mac and I was that if you just follow the Fiat, you learn some interesting things. I'd like to ask a follow up, that's okay. So cryptocurrencies, as you pointed out, kind of become more entwined with kind of broader risk markets. If something goes bump in cryptos, is there some kind of unforeseen spillovers that might be predictable today, but investors aren't thinking about. I mean, just to take one example, apparently, analyst at Jefferies estimate that gains in cryptocurrencies accounted for up to a quarter of all the growth in luxury goods purchased in the U.S. last year. So a quarter of all the sales increased last year apparently were fueled by people cashing out of Dogecoin or Bitcoin or other things that gained. And if those fall, of course, that will decline. Are there other I guess things that you can see now, but people aren't thinking about that can happen if a crypto does go bump in the night. There are two main phenomenon that I worry about. One is the phenomenon that you describe, which is sort of the paper wealth effect. So you might quit your job because you think you're a Bitcoin millionaire. And because you're a high blur, you're not actually going to take any Fiat out of the system, but your mark to market value of what you think are U.S. dollars gives you the confidence to make economic decisions that you might come to regret. But the second one, which I think many people are going to confront, as we hit closer to April 15th, is the tax man. And the IRS has ruled that Bitcoin is an asset. And not just in bitcoins, but in many of the meme stocks as well. Nothing crushes you like a January decline in risk assets because you may have especially if you're a short term trader. Paper gains against which you owe taxes and the value of your account may be below the taxes that you owe. And the IRS is nothing, if not, the hardest of the hard pipes back to the Fiat world..
Tesla Daily: Tesla News & Analysis
Heres Why Tesla Is so Important
"Everybody raum our here and today we're gonna be talking about a couple of really important reports. First tesla's most recent impact report which has a ton of fascinating details and it won't go through the highlights. There that release also coincided with a huge new report on climate change by the will spend some time on that as well and then we've got a few other quick hits of news which will run through at the beginning. Quick look at tesla stock another relatively low volume day to day to start the week off just under fifteen million shares traded but tussles up two point one percent on the day to seven hundred and thirteen dollars. Seventy six cents that compared to the nasdaq up about two tenths of a percent. Cosstalk did see an upgrade today from jeffries and almost philippa who schwa- upgrading from neutral to buy which as we've talked about upgrades like that where they're actually rewriting. The stock those are more significant to analysts than press targeted adjustments. But that being said he did increase his price. Target from seven hundred dollars per share up to eight hundred fifty. From the note quote valuing tesla is as challenging as ever we raise our discounted cash flow base price target from seven hundred dollars to eight hundred fifty dollars on higher profitability and accelerated growth. While at thirty five percent five year compound annual growth rate. we remain below tessa. Guidance of fifty percent as trend growth desa currently trades on nine times revenue and sixty two times earnings before interest and tax a level disconnected with auto multiples but in our view more consistent with net growth lack of legacy issues and wider addressable markets including energy generation and storage and one. Quick little note here. Just because i do see these inflated allot tesla has guided for greater than fifty percent growth compounded annually for vehicle deliveries. That doesn't necessarily mean revenue would grow at fifty percent. Plus obviously it very well could but that's not what tesla has specified so to me. It's not super clear but it does look like in this case. Jefferies is comparing their revenue forecasts tesla's vehicle delivery guidance and tennessee that a lot so just wanted to point that out next year. We've got an update on giga texas. From joe tag mayer. He does drawn flyovers there and remember last week. We had talked about him here. He that tussle was going to be doing a test. Production run for the mentawai next week. Which would not be this week
AP News Radio
Newcomers Gomes, Marte Boost Jefferies, A's Over Angels 8-3
"Yeah I'm going slammed a two run Homer in his athletics debut and fellow newcomer starling Marte went three for five with three stolen bases in an eight three thumping of the angels former thirty seventh round draft pick Dalton Jeffries earned his first major league victory allowing three runs and three hits in five innings now he wants me to say stops going to just take a moment more time to pitch isn't read well that and my my mind was was relaxed my body was just kind of ready to go so I just had a critical counts that also smacked his twenty eighth home run a three run clout in the third inning Max Stassi hit a two run Homer for the angels who got just five hits the outcome puts the ace within forty have games of the AL west leading Astros I'm Dave Ferrie
Bitcoin Radio
"jefferies" Discussed on Bitcoin Radio
"You guys already kind of know The keys to success in a new company raising capital. And where do you think those those I don't think. I don't think raising is core a core competency davis by you know having done multiple startups over the last twenty years. You know we've made a lot of the mistakes that our competitors you know we watch our competitors make right so it we. We've learned through the process of growing companies What needs to be done. And i think you know. The cyber-security background is super valuable because it really enables us to to think like the adversary are. It's not just david either. The the whole executive staff has worked together in the past Both in the payment space in the cybersecurity space and really being able to understand that adversary to thank how he thinks are she thinks. I is really critical to to be able to unwind some of these crimes. Yeah i mean it clearly. It's working for you guys. I mean you guys are one of the biggest names in the space of a kudos kudos to you and now pick your brain on on a personal level of your thoughts on. The industry defy yield farm. Are you excited about a excited about defy under particular way or are you more i stick. I stick with the tried and true. Bitcoin so i do not yield farm. But you know as a as i told you as a finance geek. Yeah from way back. It's it's fascinating to me. And i i see myself righty smart contracts in my later years. That's retiring a cup of cold. Ice tea under rocking chair. Writings like design. And you know as a kid. I used to design a different funds. Different types of you know back then the vpn salvage say. Oh john the so complicated. You know knowing that people don't really care. I understand or not. They're just going to invest. So i think defy is gonna experience growing pains for sure. And then it's really going to transform finance. Wow i mean that's that's one. That's an interesting hobby to have growing up. I mean i if outed known you been any of your friends and saw you spending your time doing now. Like i'm fucking being friends with this guy because he's going to be successful. The person the little the little five foot three kid who trying to become an nba player probably not going to work. You spend your free time. developing a fund algorithms s. That's incredible now It's kinda crazy because this new technology like you mentioned. It is innovate so fast. It really is incredibly quick. It seems like there's a new product.
Bitcoin Radio
"jefferies" Discussed on Bitcoin Radio
"Know. Fried fried capabilities and fraud technologies. Anti-fraud there is a need for as observed earlier. You know as money comes in. That's that's what attracts the bad guys in. So they'll be a continual cat cat and dog game of trying to to stop the bad things from happening And understanding right and this is a question a curious curiosity question of kind of how this industry works. We're not just talking about the bitcoin blockchain but most blockchain's in general trace the transplant transactions from wall to the bounces from waltz wallet and and a lot of times when there is when there is a fraud happened when there's a ransom or hack or scam you mentioned there. There's a off ramp and these off ramps to fiat are usually a lot of time. Centralized exchanges. My question is this one. How are the exchange wallets as and if you see transaction eventually hit robie or x. or hit by nance hit coin base of their wallets. You're what you're seeing. The blockchain is a wild address. You're not seeing coined based so one do we know or are all these are all the the crypto incoming into these big exchanges. Are we know all their while it addresses. That's one and two when there is fraud or when you do see militias money going into an exchange and you actually reach out to them. How good are the exchanges are actually listening and say okay. This is monday. We're gonna freeze it or get it back. So i i would say that. The exchanges themselves are very cooperative. So there's private telegram groups that trade this information and treat addresses when when there's fraud or when their staffs in and they're able to freeze it on their own accounts Before it can can make the final getaway on to your previous question. We know most of the address says you know we can't we don't know everything. So the general public would not necessarily know that you know wallet. Address belonged stated to buy hands vs quantity base. however we do And that's why the classroom technology does and we've opened accounts at over a thousand exchanges and we move money between them so we use those those movements of money in those those tidbits of data to be able to associate the other wants those exchanges. Well let me on the secret sauce. Now i'm going to start my own company over up to q. Two exchanges one to the other. See now i know that's a good solution. My man. I guess. I have a thousand times. I guess you guys know what you're talking about. Well the other thing is the you know. The data itself is is short. Lived right so you know having been in business. And that's that's one of the beautiful things about about our businesses. We have as a venture capitalist would say you know a technology mount where we have great technologists building great algorithms in have a pipeline. But also we have this data moat right so the data itself changes and as dawn. And so you know we've been in business for for five years now so we have that history of data versus sadly you know if you were to start right now. You'd never be able to get that data right right and especially now that we're talking about massive data sets at this point as it grows and grows. Yeah is it is a great solution and realize is away at least temporarily but you mentioned you guys are back and you actually came and ceo. David jevans you guys work together. A lot in the past Many successful companies high tech cybersecurity. You guys think that because you ready a came from a successful high tech cybersecurity background. It gives you an advantage now even those a new space..
Bitcoin Radio
"jefferies" Discussed on Bitcoin Radio
"A truly decentralized products. Don't have a team behind it. it's literally just smart contract. Even if you could track trace the money. How could govern him stop. It is it. Is it just the on ramps off ramps that really the only opportunity for governments directly. That's the major opportunity for sure. Thank you know if there's not a a throat to choke they you know. They don't know quite what to do. But at the end of the day there right that code right so i think You know governments are totally powerless with respect to decentralize exchanges either especially now with defy and a smart contracts. it's super imported to get high quality. Audits for the smart contracts and for those who don't know what it's a our company comes in goes through the contract. Make sure no bugs back doors or it makes her. everything is kosher. Essentially and that's definitely a growing industry growing need to get a high quality. And so has cypher. Trace considered going into the smart contract auditor game instead of just waiting for the contract to be taken advantage of and then tracking down the killers of the thieves. Had you considered actually getting ahead of the game in open up audiences. Well that's that's really kind of a different line of business. So that's really more of a professional service Certainly a great business to be in right now. And i know you know. The guys at quantity app are just abs- in our same. No lotta people right. So that businesses overwhelmed. Our our tech stack inherently supports all year see twenties so as a as mark contracts are born the secretary's analytics tools can analyze them attractive and them. So we have some some inherent contract Which is quite helpful but really. That's more for catching the frauds. In a thefts after the fact exactly you place the trap you let them come in and then you get your bag of in town. But that's never place the place the trap see the interesting thing because you know companies like like yours secretary say that you worked. For what percentage would you say is government contracts is. hey i'm tracking down to two prosecutor or to see who's breaking the law and how much of it is is is is to is crypto companies that exchanges so they can be complying. Sure as you know. I i would say our businesses really kind of equal and thirds so is governments Both for both regulators and enforcement and we do a lot of business with the us government as well as other governments around the world europe and latin america and asia traditional cryptocurrency dozens..
Bitcoin Radio
"jefferies" Discussed on Bitcoin Radio
"You feel that. Like the mainstream has the focus on the wrong spot. No not at all. I think you know. Bitcoin what we've seen. This year is j. P. morgan and others entering this space which seem fortune five hundred companies aggregating it. So what we've seen is dick. Coined has been adopted by the mainstream. And so you know that's really gonna help drive the growth in the industry. Certainly not and it's going to drive different types of innovation right in terms of business models custody ease of use for consumers in terms of the technical stuff. You know. clearly you're right. You know all the coast. Us happening defies far is unconcerned as a company who does block in analysis. What unique challenges or avenues products for you guys has defy opened up because it is kind of a different. It's similar in the sense that is upon. You know the theory of blockchain that we're all familiar with But it's really interesting because it's the centralized so it is a lot of different moving parts so it doesn't create different challenges or is this just another product. It creates a whole new set of set of problems. And even you know define itself is a bit of a misnomer right. Because there's degrees of decentralisation so i focused mostly on taxes decentralized exchanges and within that community you know. There's really kind of two types. There's some that are truly decentralized where they have you know no governance in. It's all basically financial services at software. It's all smart contracts with no one at the helm the other on the other hand. You know there's a lot of right here in northern california. There's some decentralized exchanges that are venture capitalist backed and have board of directors and so in that respect many of their you know their governance is not decentralized at all that what we're seeing in europe is they're freaking out right because with the mike there you know it could be the death of defy in europe and where we're seeing that they're going to require a legal entity behind it so that'll be a big change. But you know it's pretty cool right well when we're talking about regulating defy..
X96
"jefferies" Discussed on X96
"Danny Ray was one of a kind. Danny Ray was an original. Danny Ray will be missed. Yes, Danny Ray, who opened thousands of concerts for James Brown, Oh, with a stem, winding hype filled in production and ended those concerts by draping a sequined Velvet cape over James Brown's sweaty bent over body on Lee to have Mr Brown throw the Cape off and break food forward for one last on core. Well. Danny Ray died on February 2nd at his home in Augusta, Georgia. He was 85 years old, his death confirmed by his daughter, who called him the original hype, man indeed. Mr Reyes Cape Routine, which started in 1960 to help cement James Brown's flamboyant image even before he catapulted to worldwide celebrity as the godfather of soul. At the end of his first set in a small clubs when he performed James Brown. Drench in prep perspiration would leave the stage and Mr Ray would cover him up with a towel. And then, when he was ready for his long core, Mr Brown, James Brown would toss off the The towel with an exuberant flip of his arms and act that the crowd could see clearly and that fans came to expect, Hmm. See I didn't recognize the name right away. But I did get to see him perform with James Brown. You know, opening the show for him getting the crowd hyped up and it worked. And then I got down there too. Yeah, And then I got to see the cape routine. Which you know, I was waiting for I I loved it. Come. No, James, You've done enough. You've given these people everything. It's time to rest. It's no and they and then he did all the stage announcements and all that kind of stuff to go. That was one of the best concert I've ever been to is James Brown. Gina this for you. What's that Thebes underbelly of the infamous Chippendales All male revue is being shall we say, laid bare in a true crime fraud podcast that details How greed Jealousy among the founders of the Chippendales led to arson. Murder and suicide. I had no idea the podcast is called. Welcome to your fantasy. And it includes former dancers, investigators and customers on Bond said the Chippendales weren't just pecks and mullets and G strings stuffed with dollar bills. No, no, no, it was a sordid world of greed, Arson, hired Hit Man Along long FBI manhunt and a feud that would leave two business partners. Dad. Wow. I had no idea so I'm sure you want to listen to you. Welcome to your fantasy. Ah, Governor Cuomo. I almost made this a boner candidate. Yeah. Cuomo On age Governor, Cuomo admits that they hid nursing home data about covert deaths so that the feds wouldn't find out about it. And now what? So why did they think of weather that takes pride? They tried to explain it. They were afraid that the said we we froze. We were the fear that the true numbers would be used against us by Federal prosecutors and by Trump. Yeah. The stunning admission of a cover up was made by secretary to the governor Melissa to Rosa during a video conference call was state Democratic leaders in which he said the Cuomo administration had rebuffed a legislative request for the tally in August, right around the same time that President Trump Turns this into a giant political football. Mm. We were afraid that That he would turn this against us because he hates Cuomo and Cuomo hates him. Now Governor. Cuomo has come out and talk about this more and just said Way were wrong. Well, we were wrong to hide this. And Mike Lee has waited on this. Everyone makes mistakes. Everyone's entitled to a Mulligan once in a while, So there you go. Five men targeted in a road rage shooting in Lehigh. Are suing the man who allegedly fired at them. They're suing him for 25 million bucks. In January. 25th five men were carpooling south bound on I 15 nearly high, According to court documents, Jesse David Luker began tailgating their truck while they were driving the H O V lane. The two drivers change lanes several times, try and get in front of each other swerving and knowledge. Eventually, Mr Luker pulled out a handgun and fired several several shots. At the truck with the five guys in it. Two of them are hit by bullets. One is left his legs paralyzed. It was a pretty horrible incident. They're suing him for civil damages. Good record. I don't know if you saw this, and we don't have time to play the whole thing I wouldn't think but, um Representative Hakeem Jeffries. Going after Burgess owns me. This was a few days a few days ago. I I just saw course like, says, I say, get off social media stuff over the weekend, but He starts lecturing Burgess Owens Earth starts talking to Burgess owns about lecturing these the committee about patriotism, murder, So I'm just trying to get He's on this committee and with Mr Jefferies and he wants them to open every committee meeting, saying the pledge of Allegiance because it's our patriotic duty, and Hakeem Jeffries, representative of New York just went off, Hey, said. Who are you to lecture us about Patriotism? Yeah, you You voted Tomo, not convict Trump. You voted to be in favor of throw overthrowing the vote of a Of the election and you're lecturing me about patriotism? How dare you and the Pledge of Allegiance thing? They say the pledge of Allegiance first thing every morning. It's already something they do covered. He wants to do it in the committee meeting to Yeah, not like so This is not an anti like Democrats or against saying the Pledge of Allegiance. They say it every morning. So the thing I liked about Geoffrey's, too, was as he was talking to Burgess Owens and I wish they would've shook. Urges villains, but but somebody tries to interrupt. Another Republican member of the committee going Look, We've heard it and Jeffrey says Wait a minute. This is my time. You want a piece of me? I don't think you do. That's essentially what he said. Well, you know, I just remind Burge As you know, we're friends. Birds remember in school? It was always first period where they did the pledge. They didn't do it at the beginning of every class. All right, Same thing. Well, we can't.
WJR 760
"jefferies" Discussed on WJR 760
"On his own. On Wall Street this afternoon stock still remain positive. The Dow was up 245 points the S and P up 60. Traffic and weather Next WJR news time. Tuo Full progressive motorcycle presents road wisdom from the motel or half motorcycle right confidently in the direction of your dreams, unless it's a bad dream. And turn around the other way. Progressive motorcycles also percents basic policy starting at $79, a year progressive motorcycle for those who were born to ride Person casualty insurance company, Billions andl premium for basic liability policy is not available in all states. WJR news this afternoon. Presented by performance remodeling time not check traffic and weather First on the fives on WJR. This report is brought to you by unbound adored Right now, there are young people across the world facing a tough choice, continue their dream of education or drop out to help their family put food on the table. You can help change their future in a single moment. See how far your support can go at unbound orig. Drivers are going to find a rolling work crew rolling along right now on westbound 6 96, and they are near telegraph and the lodge Freeway with a small delay in place as a result, so please use caution there. We have reports of an accident. Working on the eastbound I 94 ramp to westbound. I 96 the Jefferies and you may find a small delay on that ramp as a result, and as construction still working affecting traffic on night, my only in both directions between gross back Highway and Van Dyke Avenue in Pete's Buyback, WJR traffic and weather first. This report is sponsored by unbound dot orig Right now, there are young people across the world facing.
WMAL 630AM
"jefferies" Discussed on WMAL 630AM
"And we have Joe Biden signing executive orders like he's a dictator. An imperial monarch if you will. All about centralizing power financial power. Communications. And government all in the name of the people all in the name of the people. We'll just give them stuff. Plato. Our base will divide them in order to conquer them will play right into our hands, and they do. I'm going to show you how this works. Going to show you how this works. There's a loathsome person, a rep Probate by the name of Hocking Jeffries. He's a member of Congress hard to believe. So if you supported Trump Then you're part of the white supremacists. And domestic terrorists. And, of course, none of this language insights anybody, ladies and gentlemen, none of it. None of that language, insights. Anybody perfectly fine. Nobody's moving to expel him from the House of Representatives. Are they Got 11 go, but every available option to hold him accountable. Finished options should be undertaken. A Donald Trump is a private citizen. And the Marxists. And the fascists. Really, there's an overlap in the Democrat Party. Think this is the old Soviet Union with Stalin, so they want to track him down like he's Trotsky. In South America. And hang them on a meat hook. Only then when hacking Jeffries be happy. Go ahead. Feed and doing the business of the American people, both in terms of defending our democracy and Bill. Oh, I always turn the Hakim Jefferies when it comes to defending our democracy, don't you, Mr Producer? Nobody defends our democracy in our Traditions. Our economic system. Our principles like Hocking Jeffries and the Democrat Party. Nobody Quote the Democrats. Ha came big lie, baby. Big lie. Go ahead. Under the leadership of Joe Biden, Speaker Pelosi and leader Schumer. What leadership, you idiot. The three old students of politics. Go ahead. Not going to be cowed by the domestic terrorists and the white supremacist and the enemy combatants who want to stop us in our tracks that if we want to stop the radicals in their tracks were now white supremacists, domestic terrorists and enemy combatants now This guy's in the leadership of the Democrat Party. This guy is big on the impeachment management, and this guy is an inciting anybody. How come the Washington compost in the New York Slimes? How come the constipated news network and M s l s d Don't all do stories on the On the incendiary language used by Democrats and used by Democrats who are hosts on their various shows. How come they don't talk about that? I'll tell you why our friends and Newsbusters I'll tell you why Lindsey Cornick. Talk about throwing Godwin's law out the window. She writes the latest op ed from the Philadelphia Inquirer. And by the way, the fella if he inquires even worse than the New York Times and The Washington Post. I mean, it is a disaster. I grew up with his crap newspaper. Listen to this. This latest op ed from The Philadelphia Inquirer go so far as to compare Donald Trump to Hitler. On Holocaust Remembrance Day. And I assume job. I Joe Scarborough do that. I don't know. Never be in his wheelhouse. Wouldn't Mr Minister Let's continue here. Yes, I'm trying to find where I left off. On January 27 required inquire Editor David Lee Preston. Did his part and remembering one of the worst atrocities in humanity. By what else comparing President Donald Trump the Adolf Hitler his piece aptly titled Is It Wrong To Compare Trump the Hitler Now. I've straight to the point that yes, it's now okay to connect the former U. S president to a Nazi dictator. Somehow, I bet this controversial headline won't even garner a second glance by the staff who revolted this summer over an article titled Buildings Matter, too. Preston began, many people find it offensive to use the Holocaust as a yardstick. The political excesses of the last four years that culminated in the storming of Washington on January 6. They believe that to mention Donald Trump and Adolf Hitler in the same breath is Spike Lee did on Sunday in an award speech. Disrespects the millions of innocent victims and survivors diminishing the enormity. The Nazis crimes It's a son of Holocaust survivors and the grants and for murder Jews. I might be expected to agree, but I don't What a piece of you know what this guy is. You can only imagine his grandparent's And others in the family exterminated by the Nazis. It's too bad they can't speak for themselves instead. Instead. This guy does. Arrested attempted to compare the two and broad and highly inaccurate term such as the child migrants in cages Muslims banned from entering the U. S. These air lies Muslims weren't band. And Children and migrant cages. Of course that started those cages were built under Obama and Biden. I guess Obama's Hitler then right, Mr Ministry who would bite me? Eva Braun. I don't know. One of this guy's logic. His main source of comparison, comes mostly from the Capitol Hill attack on January 6. Not only did he claim Trump figuratively drove busloads of angry Americans to Washington this month and egged him on after they got their quote unquote. He also explicitly compared the data crystal knock. Absolutely different. Once again, the Capitol Hill attack was reprehensible. What it wasn't was a night of widespread slaughter and destruction targeting an oppressed minority. Any comparison of the two is disgusting, especially during a time when we're supposed to honor the 11 million lives lost during the Holocaust. Including six million European Jews..
WMAL 630AM
"jefferies" Discussed on WMAL 630AM
"Excuse me, if you all don't know this is SP, and frankly, there's just too many white people in here. This was space for people of color, so just be really cognizant of the space that you're taking up because it does. Make some of us poc uncomfortable. When we see too many white people in here, it's only been open for four days. And frankly, there's the whole university for a lot of thought to be at and there's very few spaces for us. So keep that in mind. Thank you. So this gets applause hole in the sky. Stone got buckets but saying there's too many whites on the dance floor. Which have it's a crazy thing. The rest of the campuses for you. This is for us. This is our space. And that's just crazy, but people Whoa, you're so brave. You're the brave and the bold. You have both will and grace, and that's what you get appointed for in the left. This is a crazy place. Speaking of the crazy left See what happen around a little bit. You know who had a fun 2020. Jeffrey Toobin. Cause he took his ding dong out in front of all his colleagues at the New Yorker and the local PBS. They were doing war games about the election, and they took a quick break and there's Jefferies tube out. And we made fun of him a little bit. And one of my favorite things was that O. J. Simpson came out and made fun of a damn Jeffrey Toobin And this Pee wee Herman was in a X rated movie theater, just weighted Object Van I'm O. J. Simpson. Now at the time, I didn't know that. Oh, Jason, that Jeffrey Toobin and written a book about O. J. Simpson that there's history there. I was, like, man you were, You know, you messed up on the Internet when O. J is making fun of you for no reason. It turns out there is some reason but you know, Jeffrey Toobin is pro unmasking. So the idea that there is anything improper that went on here. Is a Fox News president Trump Fantasy, but nothing but but it's just not true. So unmasking is good unless it's your pants. Look,.
Afternoons with Marcellus & Kelvin
Nicolas Cage Hosts ‘History of Swear Words’ Series on Netflix
"Cage. Scott is doing a new netflix series on explaining the history of swear words. Now anyone that knows me personally knows that off the air now. I think people that listen to the radio may mean maybe surprised by this but listeners who occasionally encounter me on the streets Will find out. I curse a lot and now you've known me for a very long time. So you know that. I curse lauren. Brandi ideal with very regularly obviously have known for awhile too. And they know that. I am a cursor so i am absolutely fascinated in this series and we actually have a preview brought. He found the i. Guess the trailer for this. Netflix series with nicholas cage. Let's hear it is a thing of great wonder quivering with complexity strength and resilience however also buried with them. A delicate femininity and there are even say nuttiness look one way and you see a gentle feline innocence with another way homeboy. Yes it has the power to steer our souls an intoxicated. our minds men have died for it. Women have moved in with each other way too soon for it and to fully capture its essence. We must plunge unafraid deep within enchanted garden. Roll my friends. We are so close now. Fisher is upon the very house of life and death the temple of sexuality and a term for that kid too afraid to play dodge ball in gym class behold also could be a cat now right so that sold me because it was weird weird. He's guest stars on this show called. The history of swear words will include comedians like D'auray davis mike eagle nikki. Glasser pattie harrison. London hughes jim jefferies. Nick offerman sarah silverman and isaiah woodlock junior. So i'm in. Are you in. So i again. Nicholas cage freaks me out a little bit. I don't know why he's i. Think of nicholas cage in the movie face off with john travolta that movie very strange do nocholas cage and then was the movie was called leaving las vegas where he's like this evening drunk. Yeah yeah yeah. Elizabeth shue might be right. Yeah nicholas cage kind of freaks me out a little bit. So he's awareness day by like some crazy like dinosaur like head or something like that like at an auction one time for like millions and millions of dollars and he's got like an elvis fetish right it. Wasn't he married. lisa. Marie yes he was. Yeah i did not know that. He freaks me out a weird way now. The premise of the show the history or the the depth of the history of cursing in the english language. Yeah very curious. I like to curse a lot too. Sometimes it turns people off. I've just always believed just talk the way you talk wrecked and so. I'm interested in the premise freaks. Me out. that's all okay. Fair enough
Bloomberg Daybreak: Europe
Oil prices climb ahead of OPEC meeting to discuss supply cuts
"But let's also talk about one of all of the stories this morning of course which is the APEC plus ministers meeting in Vienna emergency talks that own oil output and also the white at price in the market said this and said the IHS Markit says the old amount is actually headed for its worst ever quarterly drop in prices slumped twenty percent this year alone and yet Saudi Arabia and Russia remain split over the prospect of deeper production cuts as the current of always weakens global to Montel we joined this morning by the banks and me who died he was in Vienna for us good morning Ameri great to speak to you look it's it's quite typical isn't it it's a Riyadh and Moscow often quite Varma Paul to heads of the me saying what channels do you think that a deal without if you get done yeah that's exactly right we've seen this dance before this negotiations drawn out between Moscow and Riyadh they basically been turned out all of February because remember Riyadh wanted to move up the meeting an act urgently the question is as you say is this smoke and mirrors to try to surprise the market or is it a real serious split what we know right now is that Moscow could be more partial to just a rollover of the current supply cuts the ones that they've already decided on Riyadh wants a deep and them to one to one point five million barrels a day what's clear from the market is if they don't cut deeper we could possibly and definitely see actually definitely see a selloff in these oil prices in the Emory I mean is this a situation where unity will hold whatever comes out of this will everyone stick with it yes what happens in the OPEC buses they do normally stick to it kind of it's a bit of a fudges has they think is the best way to say Roger and I say a bit of a fudge because mostly what happens is Saudi Arabia and some other countries notably like Libya which is offline pretty much at the moment Venezuela they'll make up for some the deeper cuts that other countries have cheated in the past notably Iraq and as well as Russia Russia for sure has been the big winner at this whole OPEC plus deal Putin has been able to maintain this present in the Middle East is given a lot of Middle East clout on top of that financially they've been the beneficiaries of this club because Dave born much less of a share of these cuts than Saudi Arabia so Saudi Arabia note most notably like last time we'll just take on an extra burden because they want to see the prices pop Saudi Arabia needs eighty dollars a barrel about to budget their books while Moscow can do it on forty yeah absolutely is that price differential isn't that is so important but look is it is also a kind of an unprecedented moment isn't it this is a shock to the world economy because of coronavirus and that food to the oil market so it is kind of unprecedented to it's completely unprecedented we have flights canceled schools closed towns quarantine we're seeing serious demand destruction for only the fourth time in almost forty years oil consumption may not grow at all this year that's what some of a growing group of traders investors and analysts keep saying and Goldman Sachs this week first major of the Wall Street banks to forecast a contraction in demand this year and then you look at also wider picture not just the oil price what does it mean for the sector in Europe only five percent is made up of energy shares in the stock six hundred the benchmark index in the United States we had the sector in a bear market and this morning Jefferies put out this note that I just love because I'm a Yankee fan they say it's at the nineteen sixty two Mets let me tell you what the nineteen sixty two Mets did as a baseball team in New York yeah they lost a hundred and twenty games only one forty that's like the worst known team in baseball history and Jeffries is just saying we're done with it or J. and that's where the world
Bloomberg Daybreak: Europe
Airline quarterly earnings: ancillary revenue the highlight
"Right well let's have a look at what the shares ought to watch this morning Bloomberg's Joe recent joined us in our London studio is such a good morning well it's it's a line these will be stopped simply run it we had my clearly every the CEO of your own but a good time posting quarterly earnings that beat estimates yes good morning so we start with the airlines and as you mentioned that okay Leri that quite bullish on some of the outlook big married that guidance for the year ahead which seems to be in line with expectations but what's been a big posted is the ancillary revenue which looks good so this is the additional fees that passenger pays for sitting with their friends will bring on extra baggage and they seems to really be the highlights of that reports the moment that's according to analysts at Jefferies and they say also that any attempt send traffic growth for Ryan man has of say three percent decline in the phase which was something that only real six spoke about on television earlier today for pulling back so it looks like a combination of better traffic growth and these ancillary refugees has offset the the fed to con which we already knew about as such thing Reinisch as rising in much of four point five percent today I am not just run I AG news they gonna Bali these from his car at any rate the for a just everybody on the list that stress is a big extension firm a billion billion euros and this is in a line that really travels to South America such a big one to get to that countries like Peru and Argentina so looks like and they're trying to build on that alright bear a units with that last taxation and seems to be accretive to a PS still I AG says up from one point two
Fresh Air
Trump says U.S. sanctions on Turkey will be lifted
"The trump administration is lifting some sanctions on Turkey after praising ridge of type air to one's government for holding its incursion in northern Syria against the Kurds until about a week and a half ago the U. S. had maintained a diplomatic balancing act for years between Turkey a NATO ally and the Kurds ineffective ally on the ground against ISIS but with trump's order for American forces to leave Turkey and Russia which is allied with Syria's Assad regime now have a stronger foothold on the swath of land along the Syrian border and peers Michele Kelemen says the US envoy for Syria is facing tough questions on Capitol Hill about the president's decisions the Democrat who chairs the house foreign affairs committee says this is an example of trump's quote fly by the seat of his pants foreign policy US envoy Jim Jefferies says the U. S. didn't want Turkey to fight the Kurds in Syria the Turkish incursion into **** Syria are is a tragedy it was a long standing US government policy in two administrations to keep that from happening and we clearly were not successful the US believes over one hundred ISIS fighters have escaped recently but Jeffrey ads at the U. S. is confident that Kurdish forces continue to control prisons were other ISIS fighters are being
Steve Trevelise
Jim Jefferies, Joel Mchale and Netflix discussed on Steve Trevelise
"It's new to view streaming edition this week on netflix speeches a new standup special from jim jefferies call this is me now part zoo of the joel mchale show with joel mchale is there and the netflix original series the epic tales of captain underpants some other netflix originals available this week check out the movie how it ends where a man struggles to reach his pregnant wife in the midst of an apocalypse watched season two of drug lords and sugar rush a new competition baking show where contestants bake up the.