35 Burst results for "Jim Forbes"
Monitor Show 00:00 10-01-2023 00:00
"Investment Advisors, switch to Interactive Brokers for lowest cost global trading and turnkey custody solutions. No ticket charges and no conflicts of your interests at ibkr .com slash ria. Katie Boyce and Jared Sandberg for Bloomberg. Executive Producers are George Lavender, Marshall Louie and Jen Sargent for One Tree. I'm Hannah Miller and this is Bloomberg. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. The Senate has approved a 45 days top cap funding bill to avoid a government shutdown. The bill passed by a vote of 88 to 9. It now goes to the desk of President Biden to be officially signed. He reportedly is on standby to sign it. The government was set to shut down at 1201 a .m. Sunday if a bill was not approved. The bill includes natural disaster aid and a measure to keep the FAA operational, but it doesn't provide additional funds for Ukraine or border security. It means the government will stay funded at current levels through November 17th. Justice Department Special Counsel Jack Smith is pushing for a gag order against former President Trump. Jim Forbes has the latest. The order would limit what Trump could say publicly about the ongoing criminal cases against him. Smith initially asked for a limited gag order earlier this month, but updated the request on Friday, citing Trump's threats against witnesses. Last week, Trump claimed General Mark Milley had committed treason and should be, quote, executed. In the gag order request, Smith argued, quote, no other criminal defendant would be permitted to issue public statements insinuating that a known witness should be executed, and neither should Trump. I'm Jim Forbes. The death toll from the Maui wildfires has increased.
Monitor Show 07:00 09-30-2023 07:00
"Investment Advisors. Switch to interactive brokers for lowest cost global trading and turnkey custody solutions. No ticket charges and no conflicts of your interests at ibkr .com slash ria. To any part of today's program, you can listen on demand with our Wall Street Week podcast. Find that on Apple, Spotify or anywhere else you get your podcasts. I'm David Weston. Stay with us. Today's top stories and global business headlines are coming up right now. Broadcasting 24 hours a day at Bloomberg dot com and the Bloomberg Business Act. This is Bloomberg Radio. House Speaker Kevin McCarthy is offering little to no clear answers on the next steps for government funding as the government shutdown looms closer. Jim Forbes has more. The speaker spoke to reporters Friday after House Republicans met for close to three hours in hopes of coming up with a plan to avoid a shutdown. I think we had a interesting conversation there, but we continue to work through trying to find the way out of this. I firmly believe there are no winners in a government shutdown. And I think that's the best way forward to make sure government does not shut down. McCarthy said he thinks a Senate bill without six billion dollars in funding to Ukraine could pass in the House. But he thinks Democrats would oppose it. The government is set to shut down Sunday morning at 1201 if lawmakers fail to reach a deal. I'm Jim Forbes. Student loan payments are starting up again after a three year pause. Correspondent Brian Chung says there's still going to be some leniency from the Department of Education. They're saying, look, the payments are due. The interest started collecting last month. The first payments are due October 1st. But the Department of Education is saying if you don't make a payment, it's going to be OK. We won't report you immediately to the credit reporting agencies like they usually do. Come tomorrow, the payments that were paused for over 45 million borrowers during the pandemic.
Monitor Show 06:00 09-30-2023 06:00
"Interactive brokers' clients earn up to USD 4 .83 % on their uninvested, instantly available cash balances. Rates subject to change. Visit ibkr .com slash interest rates to learn more. Join us again Monday morning, 5 a .m. Wall Street time for the latest on markets overseas and the news you need to start your day. I'm Tom Busby. Stay with us. Top stories and global business headlines are coming up right now. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. House Speaker Kevin McCarthy is offering little to no clear answers on the next steps for government funding. He spoke to reporters Friday after House Republicans met for almost three hours to come up with a plan to avoid a government shutdown. I think we had an interesting conversation there, but we continue to work through trying to find the way out of this. I firmly believe there are no winners in a government shutdown, and I think that's the best way forward to make sure a government does not shut down. McCarthy says he thinks a Senate bill without $6 billion in funding for Ukraine could pass in the House, adding he thinks Democrats will oppose it. Earlier Friday, the House failed to pass a GOP -led short -term funding bill that included deep cuts and border provisions. Justice Department Special Counsel Jack Smith is pushing for a gag order against former President Donald Trump. Jim Forbes has more. The order would limit what Trump could say publicly about the ongoing criminal cases against him. Smith initially asked for a limited gag order earlier this month, but updated the request on Friday, citing Trump's threats against witnesses. Last week, Trump claimed General Mark Milley had committed treason and should be, quote, executed.
Monitor Show 07:00 09-10-2023 07:00
"Investment Advisors. Switch to interactive brokers for lowest cost global trading and turnkey custody solutions. No ticket charges and no conflicts of your interests at ibkr .com slash ria. On the Bloomberg Terminal. Have a good and safe weekend everyone. For Carol Masser and Jess Menton, I'm Tim Stenebeck. Today's top stories and global business headlines are coming up right now. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. Offers of assistance are pouring in from around the world as Morocco reels from a deadly magnitude 6 .8 earthquake. Michigan resident Tamika Gambrell was vacationing in the North African nation when the quake hit Friday night. One person actually saw it. Maybe a bomb had went off. The death toll stands at more than 2000 with thousands more injured. President Biden has given condolences and is pledging US support, adding that every effort will be made to ensure American citizens in Morocco are safe. President Biden's just wrapped up meetings at the G20 Summit in India. In a closing statement yesterday, world leaders called for a just and durable peace in Ukraine, stopping short though of condemning Russia for its invasion. The G20 declaration also called on Russia to reinstate the Black Sea Grain Initiative, which allowed Ukraine to export grain to help global food supplies. Former Trump attorney Rudy Giuliani is asking a judge in Georgia to rescind the election interference charges against him. Jim Forbes has more. He's been indicted along with 18 others over the alleged attempt to overturn the results of the 2020 presidential election in Georgia. On Friday, Giuliani's lawyers argued the indictment quote fails to provide sufficient notice as to what he must defend against at trial.
Monitor Show 16:00 09-09-2023 16:00
"Our original music was composed by Leo Sidrin. We'll be back tomorrow with another big take. I'm Wes Kosova. Stay with us. Today's top stories and global business headlines are coming up right now. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. President Biden is wrapping up meetings at the G20 Summit in India. In a closing statement issued Saturday, world leaders called for a just and durable peace in Ukraine. However, they stopped short of condemning Russia for its invasion and urged nations to respect each other's borders. President Biden says the U .S. will provide assistance to Morocco following a deadly earthquake if requested. At least 1 ,000 people are confirmed dead and hundreds more injured by Friday's magnitude 6 .8 earthquake. Biden said he is deeply saddened by the loss of life and devastation in a statement this morning. The full final report from the special grand jury in Georgia that investigated former President Trump has been released. Jim Forbes has details. It reveals that the grand jury recommended charges against South Carolina Republican Senator Lindsey Graham, former Georgia Republican Senator David Perdue, former Georgia Republican Senator Kelly Loeffler and many others who were not charged. The special Fulton County grand jury's decisions did ultimately result in the indictment of Trump and 18 others on felony racketeering and conspiracy counts. I'm Jim Forbes. The manhunt continues for a convicted killer in Pennsylvania.
Monitor Show 14:00 09-09-2023 14:00
"Columnist Jessica Carl is author of the Bloomberg opinion today newsletter. And that does it for this week's Bloomberg opinion. We are produced by Eric Mollo. And you can find all of these columns on the Bloomberg terminal. We're also available as a podcast on Apple, Spotify or your favorite podcast platform. Stay with us. Today's top stories and global business headlines are just ahead. I'm Amy Morris. This is Bloomberg. By Friday's earthquake, which is being called the strongest to hit the North African nation in more than a century, Biden vowed to work expeditiously to ensure American citizens in Morocco are safe. Officials say it could take days to rescue an American scientist trapped deep in a cave in Turkey. Here's Jim Forbes. Officials say Mark Dickey was more than 3000 feet underground when he experienced a life threatening gastrointestinal illness on Saturday. More than 150 rescuers have come to his aid since getting him medicine and supplies. Almost a week after he was initially trapped, Dickey is now preparing for the day's long journey to the surface. Experts predict it could take four to eight more days for him to get out of the cave based on his condition. I'm Jim Forbes. Nearly 400 state and federal officers are taking part in the search for an escape.
Monitor Show 07:00 09-09-2023 07:00
"Interactive brokers' clients earn up to USD 4 .83 % on their uninvested, instantly available cash balances. Rates subject to change. Visit ibkr .com slash interest rates to learn more. Today's program, you can listen on demand with our Wall Street Week podcast. Find that on Apple, Spotify, or anywhere else you get your podcasts. I'm David Weston, stay with us. Today's top stories and global business headlines are coming up right now. Broadcasting 24 hours a day at bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. South Dakota Governor Kristi Noem is endorsing former President Trump during a rally in Rapid City on Friday. Noem said she would do anything she could to help him win the 2024 presidential election. Trump thanked her for the endorsement and complimented her on her policies in the state. He also called Noem a warrior for American values. The move is fueling speculation that Noem could become Trump's vice president pick. The death toll stands at at least 632 after a magnitude 6 .8 earthquake struck Morocco. Friday's quake hit about 44 miles southwest to the city of Marrakesh, a major tourist destination. The United States Geological Survey says this was the strongest earthquake to hit the country in more than a century. The Department of Justice is filing an appeal to the Supreme Court seeking to end the legal battle over Miffipa Stone. The commonly used abortion pill has been the subject of a nationwide legal fight since the Supreme Court overturned Roe v. Wade last year. The Justice Department filed the appeal on Friday, urging the Supreme Court to maintain broad access to the abortion medication. The move came just hours after the manufacturers of Miffipa Stone filed a similar appeal. Full final report from the special grand jury in Georgia that investigated former President Trump has been released. Jim Forbes has more. It reveals that the grand jury recommended charges against South Carolina Republican Senator Lindsey Graham.
Monitor Show 18:00 09-02-2023 18:00
"Brief and others are looking a lot at what the shape of historical regulations were. It's a critical case. Thanks, Eric. That's Professor Eric Rubin of the SMU Dedman School of Law. Michael Bloomberg, the founder and majority owner of Bloomberg LP, the parent company of Bloomberg Radio, is a donor to groups that support gun control, including Everytown for Gun Safety. This is Bloomberg Law on Bloomberg Radio. I'm June Grosso. Stay with us. Today's top stories and global business headlines are coming up right now. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. President Biden is surveying damage from Hurricane Adalia in Florida with a Republican state leader, but not the one most were expecting. Senator Rick Scott, who's with me today, I want to share is the view I do about FEMA. They're doing an incredible job. The president spoke at a news conference in Live Oak about 60 miles inland from where Adalia made landfall on Wednesday. Biden downplayed Governor Ron DeSantis absence and thanked instead the governor for working with FEMA and helping the president plan today's visit where it would cause the least disruption. North Korea fired more cruise missiles into coastal waters today. The South Korean military reported the latest launches followed renewed threats from Kim Jong Un. The North Korean military launched a pair of ballistic missiles earlier in the week simulating what it called a nuclear attack targeting South Korean command centers. The missile tests come as the U .S. and South Korea wrapped up joint military drills, which the North condemned as reckless and confrontational moves by the U .S. and hostile forces. A member of the far right group, the Proud Boys, has been sentenced to 18 years in prison for his role in the Capitol riot. Jim Forbes has that story. Ethan Nordin was convicted on charges of seditious conspiracy and several other felonies during Friday night.
Monitor Show 13:00 09-02-2023 13:00
"Whole scenario. But again, like, zombie companies 2 %? It's really not that bad. Alright, Mahesh Vangalangam joining us, Bloomberg Intelligence Chief European Credit Strategist. That wraps it up for this week's edition of Bloomberg Intelligence on Bloomberg Radio, providing in -depth research and data on two thousand companies and a hundred and thirty industries. Remember, you can access Bloomberg Intelligence through BI Go on the terminal. I'm Alex Steele. Stay with us. Today's top stories and global business headlines are coming up right now. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. President Biden says he doesn't expect to meet with Governor Ron DeSantis during today's visit to survey hurricane damage in Florida. Biden made the comment to reporters as he boarded Air Force One this morning for the flight to the Sunshine State. On Friday, Biden had said he would meet with DeSantis on the trip, but a no such meeting was planned. DeSantis is currently seeking the 2024 Republican presidential nomination. Celebrities are among those reacting to the death of singer -songwriter Jimmy Buffett. Elton John called him a unique and treasured entertainer. In a post on Instagram, Sir Elton said his fans adored him and he never let them down. Brian Wilson of the Beach Boys wrote on X, Love and Mercy, Jimmy Buffett. Actor Miles Teller also posted several photos of himself with the Margaritaville singer on X. Fans, known as Parrotheads, flooded social media with photos, concert memories and tributes after learning of Buffett's death Friday at the age of 76. A member of the far right group Proud Boys has been sentenced to 18 years in prison for his role in the Capitol riot. Jim Forbes has more. Ethan Nordin was convicted on charges of seditious conspiracy and several other.
Monitor Show 07:00 08-27-2023 07:00
"Investment Advisors. Switch to interactive brokers for lowest cost global trading and turnkey custody solutions. No ticket charges and no conflicts of your interests at ibkr .com slash ria. On the Bloomberg Terminal. I'm Tim Stenebeck. Did you buy that 30 million dollar car? I did not. Alright, just checking. I'm Carol Masler. Have a good and safe weekend everyone. Stay with us. Today's top stories and global business headlines are coming up right now. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. Three U .S. Marines have been killed in a crash during a training exercise in northern Australia. Defense officials say 23 Marines were on board the Osprey aircraft when it happened early today on Melville Island north of Darwin. Three died in the crash. Five others were taken to Royal Darwin Hospital in serious condition. A statement from the Marines says recovery efforts are ongoing. The cause of the crash is under investigation. The gunman who killed three black people at a store in Jacksonville, Florida was seen at a historically black university just minutes before the shooting. Jim Forbes has more. Authorities say the gunman who opened fire at a Dollar General store early Saturday afternoon had posted a racist manifesto online and was targeting black people. Officials at Edward Waters University say the gunman was seen on campus just before the shooting and was turned away after refusing to identify himself. I'm Jim Forbes. Former President Donald Trump's campaign says it's raised $7 million since his mugshot was released. A campaign official saying Saturday they've made nearly $20 million since Trump was indicted and arraigned in Washington. They say $7 million of that was raised in the three days after Trump was processed in an Atlanta jail and his mugshot taken. Thousands gathered at the Lincoln Memorial.
Monitor Show 06:00 08-27-2023 06:00
"Interactive brokers' clients earn up to USD 4 .83 % on their uninvested, instantly available cash balances. Rates subject to change. Visit ibkr .com slash interest rates to learn more. Ultra -exclusive annual event for any gear head. We're talking Monterey Car Week. This is Bloomberg Business Week. I'm Carol Masser. And I'm Tim Stinebeck. Stay with us. Today's top stories and global business headlines are coming up right now. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. Twenty -three U .S. Marines have been injured in a military exercise in northern Australia. We get the latest from Jim Forbes. Northern Territory police say the Marines were injured when their helicopter crashed early Sunday on some remote islands north of Darwin. Police say five Marines have been transported to Darwin so far and efforts are underway to remove all the injured. The chief minister says some of them are critically injured and one was sent to the operating room. The Defense Department has not commented yet on the incident. I'm Jim Forbes. The shooting at a Dollar General store in Jacksonville, Florida, Saturday is being described as racially motivated. Three black people were killed and happened near the historically black Edward Waters University, which may have been the gunman's original target. He was seen at the university just minutes before. This man telling News 4Jax that he narrowly escaped being shot after he stopped before entering the store to get money. As I was going into Dollar General, I realized I didn't have any money in my pocket. So I went to the store next door. The gentleman that walked past me, dark -skinned guy with blue pants, walked past me and said, what's up? I said, what's up to him? My heart started hearing gunshots. A local sheriff says the white shooter left behind a manifesto showing a racial motivation.
Monitor Show 18:00 08-26-2023 18:00
"Throughout the state, and it's considered to be part of the state's constitutional fabric and framework. And it's fascinating because when you talk with people, they will say that it's sort of like a force of nature. There's not really anything you can do to get rid of it. And so it's just working through it as best as you can to get more judges on the bench. Thanks, Alex. That's Alex Ebert, Bloomberg Law's senior correspondent. This is Bloomberg Law on Bloomberg Radio. I'm June Grosso. Stay with us. Today's top stories and global business headlines are coming up right now. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. Thousands are taking part in a weekend rally at the Lincoln Memorial to mark the 60th anniversary of Martin Luther King Jr.'s historic march on Washington. Martin Luther King III and the Reverend Al Sharpton are among the keynote speakers taking part in the march and rally. On Monday, President Biden and Vice President Harris will meet with civil rights leaders and members of the King family at the White House, and Biden will deliver remarks to commemorate the anniversary. House Speaker Kevin McCarthy has ordered flags lowered to halfstaff today at the U .S. Capitol. Julie Ryan reports. In a post on X, formerly known as Twitter, McCarthy said he directed the move to honor the 13 brave American heroes who died tragically during the U .S. withdrawal from Afghanistan two years ago. Republicans have strongly criticized President Biden's handling of the sudden U .S. exit as the Taliban seized control of the country in 2021. I'm Julie Ryan. Just one of former President Donald Trump's 18 co -defendants in the Georgia election interference case is being jailed. That story from Jim Forbes. Harrison Floyd was denied bond Friday after being considered a flight risk. Floyd is charged with racketeering, conspiracy and influencing a witness. He turned himself in Thursday before.
Monitor Show 14:00 08-26-2023 14:00
"There is a Bloomberg opinion columnists covering economics and that does it for this week's Bloomberg opinion. We are produced by Eric Mollo and you can find all of these columns on the Bloomberg terminal. We're available as a podcast on Apple, Spotify or your favorite podcast platform. Stay with us. Today's top stories and global business headlines are just ahead. I'm Amy Morris and this is Bloomberg Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. Legendary The Price is Right game show host Bob Barker is dead at age 99. The longtime television host and animal rights activist passed away this morning at his home in Los Angeles. Barker received the Lifetime Achievement Emmy Award for daytime television in 1999. President Biden is commenting on former President Trump's mugshot. Brian Shook reports. When asked about the mugshot Friday, Biden told reporters he saw it on television and called his political rival a handsome guy. Trump on Thursday surrendered to Georgia authorities on charges related to his alleged efforts to overturn his 2020 election loss in the state. Biden also commented on this week's Republican primary debate and said there was a lot of talk, but none of the candidates discussed the relevant issues. I'm Brian Shook. Just one of former President Donald Trump's 18 co -defendants in the Georgia election interference cases being jailed. Jim Forbes has more. Harrison Floyd was denied bond Friday after being considered a flight risk. Floyd is charged with racketeering, conspiracy and influencing a witness. He turned himself in Thursday before Trump, but did not have a lawyer to reach a bond agreement before he surrendered. I'm Jim Forbes.
Monitor Show 13:00 08-05-2023 13:00
"What makes an occasion special? Does it have to involve a birthday, anniversary, or promotion? Or can it be that first juicy bite of a perfectly cooked burger shared over laughs with good friends on a warm summer night? Sounds pretty special to us. Together, we bring more. Beef. It's what's for dinner. Funded by beef farmers and ranchers. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. Former President Trump's election case is now moving to the pretrial phase after he pleaded not guilty to felony charges. Lisa Taylor has more. Lawyers will be filing briefs leading up to the next hearing scheduled for August 28th where a trial date is likely to be scheduled. Justice Department lawyers are pushing for the case to be tried quickly while Trump's defense argues it could take years to review the government's evidence and gather their own. A Texas judge is ruling in favor of a group of women and their doctors who sued the state over its abortion ban. Jim Forbes has the latest. Travis County Judge Jessica Mangrum on Friday temporarily blocked Texas officials from enforcing the state's abortion ban against women who have pregnancy complications. Mangrum also shielded doctors from being prosecuted for performing abortions if they determine the pregnancy poses a risk to the patient's life. A lawsuit against the state was filed earlier this year on behalf of two doctors and 13 patients including a patient who was forced to go full term with a baby that died shortly after birth from a fatal condition. The suspect who turned himself in for the deadly New York City gas station stabbing of a man who was dancing to a Beyonce song has been charged by police. Jacqueline Carl reports.
"jim forbes" Discussed on Bloomberg Radio New York
"This summer, Jim Forbes has more. That's according to the national oceanic and atmospheric administration, it noted that 2023 is likely to fall under the top ten warmest years on record, specifically the agency says the east coast, south, West Coast, and rockies are forecast to experience scorching conditions. I'm Jim Forbes. Ukrainian president volodymyr zelensky has landed in Japan for the G 7 summit. The New York Times reports zelensky is expected to address world leaders tomorrow, strengthened by President Biden's decision to let Ukrainian forces use American made F-16 fighter jets. The leaders of the world's 7 top democracies have been talking on a range of issues, including China's growing military and Russia's war with Ukraine. A bill in the Texas legislature that started as a way to ban drag shows has now morphed into broader legislation that would make any vaguely sexual performance illegal if it's done in front of children. Individuals who engage in sexual conduct that appeals to the purine interest in sex in front of a child can be charged with a class a misdemeanor. State representative mat shaheen admits the bill could affect concerts with scandal clapped back up dancers or even football cheerleaders, opponents say there are already laws against public indecency. Americans opinion on federal income taxes is at a 20 year low, according to a new Gallup poll, 60% of respondents believe they're paying too much in federal income tax while only 36% felt they were paying about the right amount. Their data revealed public opinion on the federal income tax hasn't been that low since 2001 before president Bush signed tax cut laws into effect. Thousands of race fans and party goers heading to pimlico race course in Baltimore today for the Preakness stakes, the second leg of horse racing's Triple Crown, 8 horses will be competing in the race. The grand prize $900,000. I'm Brad Siegel. The contaminated eye drops outbreak is growing. Lisa Taylor has more. The CDC reports another death linked to the recalled eye drops del some pharma and Ezra care tainted eye drops are now linked to four deaths and 81 cases of extensive vision loss in 18 states. The FDA is urged Americans to stop using the two brands. I only say Taylor. Border patrol says suspects have shot at their agents twice in San Diego over the last week. Jack cronin has the update. Border patrol says agents trying to help a four year old boy who'd been dropped from the border wall near the Seneca port of entry where shot at Monday night just after 9 p.m.. They said the shots were fired from the Mexican side of the border as agents and San Diego fire rescue crews were trying to help the boy. That incident came two days after border patrol says another agent was shot at by several people in the semi sidral mountains on Saturday night, San Diego county supervisor Jim Desmond released a statement saying the federal government did not adequately prepare and resource the San Diego region for the end of title 42, and the shootings highlight issues that have not been addressed for safe and secure borders. I'm Jack cronin. Elon Musk says working from home is morally wrong, the Tesla founder and Twitter owner said in an interview with CNBC that employees are more productive in person. Musk referred to Silicon Valley's tech workers as the laptop classes living in La La Land, a billionaire says employees refusing to return to an in person setting need to get off their moral high horse and get back to work like everyone else. Jimmy Buffett is in a Boston hospital for undisclosed issues that required immediate attention. Buffett posted on social media that his concert in South Carolina scheduled for today is postponed. The Charleston concert was the only show left on Buffett's schedule for this year. The 76 year old margaritaville singer had to cancel his final 5 shows of 2022 after a brief hospital stay last September. And a former U.S. attorney says Brett Favre was the driving force in a scandal involving Mississippi's misuse of welfare funds. I'm Brad's secret. And I'm Leslie lotto in the Bloomberg newsroom. Here are some of the stories we're watching. Ukrainian president swooped into the G 7 summit and has met already with the Indian prime minister president Vladimir zelensky used a visit to Japan to speak with leaders of countries with a more neutral stance over Russia's invasion of his country, zelensky took a French military jet from Saudi Arabia to Hiroshima, then met with Indian prime minister Narendra Modi on the sidelines of the group of 7 summit as India steps up purchases of Russian energy and continues to seek weapons from Moscow. For all the talk of a slowdown in the U.S. economy, more than a dozen U.S. states have the best job markets in their history. The story from Bloomberg's Charlie palette. Unemployment rates were lower last month than a year earlier in 23 states and stable in another 7, according to data from the bureau of labor statistics. In 15 states unemployment was at the lowest level since the data series began in January of 1976 and in 40 of them, there was a statistically significant increase in the number of people working over the 12 months through April, with the sole exception of Rhode Island, every state plus the District of Columbia reported more people at work last month than a year ago, Charlie pellet Bloomberg radio. CEO of Morgan Stanley's planning to leave within a year, James Gorman's plan means one of his managers will step into the top spot those being talked about, include Andy saperstein manages money for the wealthiest Ted pic who runs the riskier institutional securities group involving trading and deal making, Dan sikowitz, who oversees asset management. He's seen as the only candidate with broad experience on both sides of the firm, but analysts say he's the least likely to take over. Disney is starting to pull some shows from its streaming service as soon as this coming week, Bloomberg's Karen Moscow has more. Sources tell Bloomberg the list of possible programs to be cut has been circulating internally and includes shows that have not been renewed this year. Disney is looking to reduce losses in its streaming business, removing the program should help it avoid additional costs such as residual fees. The
"jim forbes" Discussed on WCPT 820
"NBC News radio, I'm Jim Forbes, President Biden said he will continue to stand by the FDA's evidence based approval of the abortion pill mifepristone following the Supreme Court's decision to allow the drug to stay on the market. Brian shook has the very latest. The 7 two vote came after the court extended a temporary stay on a Texas federal judge's ruling to halt production and distribution of the drug. Was originally approved by the FDA in 2000 and has been used by over 5 million women since, with the ruling women can still obtain the drug by mail and use it up to ten weeks into a pregnancy. Justices clarence Thomas and Samuel Alito to conservatives on the court were the two dissenting votes. I'm Brian shook. Prosecutors have formally dropped manslaughter charges against Alec Baldwin and connection to an on set death while filming the movie rust, Lisa Taylor, has the very latest. In the filing to dismiss the charges, special prosecutors cited new facts that demand further investigation, the charges were dropped without prejudice, meaning Baldwin could still face charges as the investigation continues. It's a different story for the film's armorer, Miguel almaguer has more. The attorney for Hannah Gutierrez Reed says she still faces a charge of involuntary manslaughter, that case is moving forward. Assistant director Dave halls is already reached a plea deal in the case 6 months probation. I'm Lisa Taylor and former prosecutor Mark pomerantz is set to testify on May 12th as a House judiciary committee panel looks into the recent indictment of former president Trump by Manhattan district attorney Alvin Bragg's office, a dispute between the Manhattan DA's office and the House judiciary committee was settled Friday with the lawyer from the DA's office. Now allowed to sit in on the deposition. The negotiations into court battle that went to a federal appeals court regarding whether pomerants could share his work at the office before charges were made against Trump. I'm Jim Forbes. Jonas
"jim forbes" Discussed on Bloomberg Radio New York
". President Biden will speak at the church where Martin Luther King Jr. served his pastor today ahead of the federal holiday. Jim Forbes has that story. President Biden will be the first sitting president to speak during Sunday services at ebenezer baptist church in downtown Atlanta. Senior adviser for public engagement and former Atlanta mayor Keisha Lance bottoms called it an inflection point. Bottom said the president was invited to deliver a remarks by democratic senator Raphael Warnock, who currently leads the congregation. I'm Jim Forbes. Former Deputy Attorney General rod Rosenstein is drawing a stark line between the classified documents investigations of President Biden and former president Trump. You have to differentiate between the political consequences and the practical consequences for the special counsel. Appearing on NBC's meet the press, he noted the special counsel in each case will reach their own conclusions without being influenced by political pressure. He also dismissed the suggestion these investigations are like two car wrecks, where one is an accident and the other is on purpose. Rosenstein went on to stress the importance of waiting to hear the facts before jumping to any conclusions. One GOP congressman says if he were in New York representative George Santos position, he'd resign, appearing on ABC's this week, representative of Don bacon, said he wouldn't be able to face his voters. Santos has been in hot water since the election after he admitted to fabricating much of his background. The Nebraska Republican went on to say that while this was ultimately an issue between Santos and his constituents, he doesn't think his chances of reelection will be that promising. The major disaster declaration California governor Gavin Newsom requested from the Biden administration is being approved amid devastating winter storms. Governor Newsom asked President Biden to approve the declaration as a state reels from a series of deadly atmospheric rivers. His request was granted on Saturday with the death toll in the Golden State at nearly 20. I'm Tammy trejo. The CDC and FDA are looking into concerns that the Pfizer COVID vaccine can cause strokes in those 65 and older the CDC notes that overall the data suggests its very unlikely there's a true clinical risk. The agencies use a safety monitoring system that identified a preliminary signal that they found important to share with the public while they continue to evaluate the data. A pregnant woman and one other are shot in New Jersey after a 9-1-1 call of gunfire led police in a different town to find the victims. Jonathan o'halloran reports. It happened around 5 30 Saturday night on inman avenue and route one north in woodbridge, police received a 9-1-1 call of shots fired in the area, woodbridge police discovered a car with gunshots nearby, a short time later nearby Lyndon police discovered a pregnant woman and a male who suffered gunshot wounds in the parking lot of The Home Depot on west Edgar wrote. Police believe the two were shot in that previous incident in woodbridge and fled towards London. Middlesex county police, along with the two towns involved, they're still searching
"jim forbes" Discussed on Bloomberg Radio New York
"Will continue today. I'm Ryan baker. And I'm Jim Forbes. And now this Bloomberg sports update. We begin on the frozen floor. The Montreal Canadiens gave the islanders all they could handle before New York prevailed two to one Anthony bovier in Casey Suzuka's with goals for the islanders who got 22 saves from Ilya siroc and net to hold on at UBS arena. The islanders currently the 8th seed they're in the playoffs barely, but they would draw Boston in the first round. They're on pace for the best record in NHL history. They're at 70 points already. Rangers they get those same Canadians on Sunday. Rangers are ahead of the islanders in the standings as are the Devils, their road trip continuing out west, jesper bratt, his third goal in 24 hours, devil's 5 kings two. In the NBA, both the Knicks and nets have the night off, nicks are on the road and will visit Detroit Sunday. New York currently the 6th seed. Their sandwich between Philadelphia and Miami. Nets by virtue of the Celtics win in Charlotte lost a half game in the standings, Brooklyn's three and a half back of the top seat Celtics, Brooklyn host Toronto on Monday for a Martin Luther King, matinee game. College hoops, Big E's play seton hall escapes with an era when at the Paul 71 67, Al Amir dawes had 15 points to the senior from Newark. Big Ten, Rutgers, host, Ohio State on Sunday, tough day in the top 25, almost half of the nationally ranked teams lost, including duke, Tennessee and Arizona. In the NFL wild card games, forty-niners beat the Seahawks, it's their 11th win in a row, George kittle had a touchdown. They win 41 23. Chargers raced to a 27 point lead Jacksonville comes back, pulls off the huge come from behind wind 31 to 30. The quarterback Trevor Lawrence was intercepted four times by halftime. It didn't matter. Giants, they gear up for Minnesota on the road on Sunday. With the Bloomberg sports update, I'm rob bushka. This is a Bloomberg money
"jim forbes" Discussed on Bloomberg Radio New York
"Protect people from serious illness. I'm Jim Forbes. Senate majority leader Chuck Schumer is among top lawmakers in Washington, celebrating passage of the respect for marriage act, Sarah Lee Kessler reports. Chuck Schumer, New York senior senator says the bill codifying the right to same sex marriage is long overdue. This is about millions of LBGTQ Americans in the country. But countless other lives of children and families will also be impacted. House speaker Nancy Pelosi says the bill also defends the inviolability of interracial marriages, protecting against bigoted extremism, the respect for marriage act now heads to President Biden. I'm Sara Lee Kessler. An LGBTQ+ nightclub in Wisconsin will host a free active shooter training session today. The 5 nightclub in Madison says it's putting on the training session at the request of its patrons after last month's mass shooting at club Q in Colorado Springs, 5 people were killed more than a dozen wounded in Colorado when a man carrying an AR-15 style rifle walked into the nightclub. A church in Chesapeake, Virginia will host a memorial service today to honor the people killed and wounded in the Thanksgiving Walmart shooting. A man who worked at the Chesapeake Walmart opened fire on his coworkers on Thanksgiving Day, killing 6 before taking his own life. Today's memorial service at redeemed church of God will start at noon Eastern Time. I'm Brad Siegel. After nearly a month in space, NASA's Artemis one mission is about to come to an end, Rory O'Neill reports. Sunday morning off the coast of San Diego, the Orion crew capsule will deploy its parachutes and splash down in the Pacific after a record setting trip beyond the moon. Our top Artemis one mission priority is still ahead of us, which is to demonstrate the guidance system of Orion, as well as the heat shield performance as we return from 25,000 mph returning from the moon. NASA's Jim Jeffrey testing the heat shield to temperatures near 5000° is a big part of this Artemis one mission setting up for Artemis two, which could launch in 2025. I'm Rory O'Neill. The parents of an admin school shooter in Michigan are trying to get their bomb lower to allow them to be out of jail until their trial next year. James and Jennifer crumbley are charged with four counts of involuntary manslaughter in the deaths of four Oxford high school students who were shot and killed by their then 15 year old son who has since pleaded guilty. The crumbling is accused by prosecutors of being grossly negligent in caring for their son. Wall Street is closing with stocks lower to end the week, Liz Warner has more. Investors are looking ahead to the Federal Reserve's meeting next week where it's expected to raise rates once again. Most traders expect the fed to raise rates by half a percentage point, which is lower than previous rate hikes. At the closing bell, the Dow lost 305 points, the S&P 500 fell 29 points, and the NASDAQ shed 77 points. I'm Liz Warner. The Keystone pipeline is being shut down after an oil leak was discovered in northern Kansas, TC energy and Calgary says there's been a confirmed release of oil in a creek near the Kansas Nebraska border, and then it estimated 14,000 barrels had been discharged, as of late Thursday, federal regulators say the leak is located near the town of Washington and that investigators have been deployed to the site about 600,000 barrels of oil, flow through the Keystone pipeline each day. I'm
"jim forbes" Discussed on Bloomberg Radio New York
"Weekend. And wedding bells rang at The White House this weekend, Monica alvey has the story. A White House wedding for President Biden's first grandchild. Naomi, who married Peter Neal in a private ceremony Saturday, wearing Ralph Lauren and surrounded by 250 guests. All with a view of the Washington Monument on a chilly fall day. Naomi is the 28 year old daughter of Hunter Biden and his ex-wife, Kathleen. And that's the very latest. I'm Jim Forbes. Ticketmaster is apologizing to Taylor Swift and her fans following a ticket debacle that left many empty handed. The ticket selling platform tweeted out the apology following the cancellation of a public sale scheduled for Friday. Ticketmaster also released a report detailing what led to some parts of its website failing as an unprecedented amount of traffic flooded the site. Not only did the situation anger swift, the Department of Justice announced, it was opening an antitrust investigation into ticketmaster's owner, live nation. Authorities say three people were killed in a house fire in New Jersey, Friday night, Paul de Castro has the very latest. The fast moving blaze broke out around 6 30 at 29 ladwig lane in Clifton, officials say a 65 year old, a 71 year old and a 95 year old all died at the scene, at least one civilian and one firefighter suffered injuries. There's no word yet on the cause of the fire, the Passaic county prosecutor's office is handling the investigation. Twitter CEO Elon Musk says former president Trump will be reinstated on Twitter, early Saturday, Trump said during video link remarks to the Republican Jewish coalition conference that he didn't see a reason to join the app again. Instead preferring to stick to his new platform, truth, social. I don't see it because I don't see any reason for it. They have a lot of problems at Twitter. You see what's going on. It may make it, it may not make it. Musk conducted a poll on the app Friday night asking if the former president should be allowed back with 52% of the over 15 million votes saying he should be. Must tweeted on Saturday evening that the people have spoken and that Trump will be reinstated. And Black Panther Wakanda forever is remaining on top of the box office, the popular marvel sequel, projects to bring in roughly $70 million in its second week. I'm Jim Forbes. Now this Bloomberg sports update, well, the Devils just keep on doing what they do and what they do is play winning hockey. They have won 12 straight games. The most recent victim was Ottawa, the senators lost on their home ice on Saturday by a final score of 5 to one the Devils set the tone by getting out to a three nothing early lead in that game and the Devils are now a perfect 8 and O against Canadian opponents this season. So the chance to go for 13 and tie the club record will come Monday when they host another Canadian team, the Edmonton Oilers. The islanders were playing in Dallas, they were not as lucky as the Devils because the stars come out with three third period goals and end up winning 5 to two, that's the final score there. So the islanders lose on the road. Pro football Sunday, big game for the Giants as they continue their push to position themselves for a potential NFC playoff birth. Now they're playing the lions lions have not really looked overwhelming in any way so far this year, but they have won back to back games and they are trying to solidify their season and possibly finish strong, but they come in with a record of three and 6. The Giants are favored by three points. New England at home against the jets, jets are an important game in front of them, of course, they're trying to stay in the ASC playoff picture. Patriots are favored by three and a half that game kicks off at 1 o'clock. Big Ten football Ohio State and Michigan both win. They were close games though. They're both unbeaten and that sets up the big showdown in Columbus on Saturday after Thanksgiving. That's your Bloomberg sports update. I'm Dan gutowski. This is masters in business with Barry red holes on Bloomberg radio. I'm Barry woodhouse, you're listening to masters and business on Bloomberg radio. My special guest this week is Marcus Shaw. He is the CEO of alt finance, which seeks to increase diversity across alternative asset management, he founded Montgomery tech lab to help drive inclusive economic growth in Montgomery, Alabama, via the advancement of tech based ventures. He was CEO of the company lab, which created strategic plans to grow innovation and entrepreneurship in southeast Tennessee, Marcus Shaw, welcome to Bloomberg. Barry, thank you so much for inviting me. I'm excited to chat with you. So let's talk a little bit about Wall Street and diversity. Wall Street has been pretty bad at recruiting black talent. It's been a stated objective for decades. Why is finance so bad at this? Barry, I think there is a complex question that requires actually a complex solution in a multifaceted solution. I would say the most general issue here is that folks don't have the networks and the access to careers in finance from across the country. So if you grow up in New York, yeah, you'll probably know some people that worked in the industry. And you may have some relationships. You may go to school with somebody. Your parent may work there. And that's whether you're white or black. All right? But if you don't, if you grow up in a market where there's not an investment bank, there's nothing other than a branch bank for one of the multi dimensional financials, then you're not really going to have an understanding of what that career looks like at a young age. And so as you get ready to go to college and you start thinking about what your career could look like, it's going to be primarily academic for you. And so I think that's always a challenge. They're not a ton of people. They're in the seats. They're gaining access to in this case, black students from across the country. They're giving them a look at this is what a career could look like for you. This is what an opportunity could look like for you. Here's what the realm of possibilities is. And this primarily is how you get there. Here's a path to get there. That's the biggest challenge. So tell us about old finance. What is its mission? And why is this a better mousetrap than the way things have been done before? So all finance is focused on building diversity in the alternative investment industry. Alternatives being venture capital, private equity, anything else? Private credit, real estate investing, hedge funds, everything kind of outside of traditional stock and bond investment, right? The things that are more private to market driven often. And so our goal is increase diversity in that space by working with partnerships at historically black colleges and universities by providing students from HBCUs, opportunities to have co curricular programming, understanding exactly what you need to know to be successful in that role. Also to provide mentorship for students so that they're not operating in a vacuum so that when they have questions, there are people in the business, people that have experience in the business that they can talk to. And also by working in partnering with schools to provide financial support to help increase capacity, not only for students, but also for the institutions themselves. So let's talk a little bit about how alt finance was initially funded and created. You have Howard marks of oaktree capital. Mark Rowan of Apollo, Tony ressler of Aries. These are like three heavy hitters at giant legendary farms, that's a heady group to work with. What led them to say, we need help accessing black talent and we're not getting it from anywhere else we have to do it ourselves. When I think all three gentlemen, Howard Mark and Tony all recognize is that relationships help drive value. And so you've got to have relationships with
"jim forbes" Discussed on Bloomberg Radio New York
"On income and tax filing status. If a person's Golden State stimulus check was direct deposited, that's how they'll get the inflation relief payment. Everyone else will receive theirs by debit card. Ohio authorities say three people were shot outside of a high school football game in Toledo, Sean Gallagher, with more details. Toledo police say a Whitmer high school student and two adults were hospitalized and are expected to recover. This after shots for fire just outside of Whitmer's football stadium as they took on central Catholic Friday night. Those gunshots could be heard inside the stadium as action stopped and people took cover. Police have two people in custody, and we're looking for two others who may be connected to the shooting. I'm Sean Gallagher The Arizona Court of Appeals is blocking enforcement of the state's abortion ban. Here's Jim Forbes. The block is pending the resolution of an appeal by Planned Parenthood of Arizona. Last week the group requested a stop of the ruling that lifted the injunction on the state's pre statehood abortion ban, which was denied. Abortions can now take place once again in the state unless the state Supreme Court rules otherwise. I'm Jim Forbes. SpaceX hopes the third times the charm for its launch of galaxy satellites, the launch was scrubbed for the second day in a row yesterday the launch window is now set to open at 7 O 5 tonight at cape canaveral Space Force station and will last for 70 minutes. SpaceX tweeted the second delay was to allow for additional time for vehicle checkouts. The original launch was called off Thursday after a leak was detected 30 seconds before launch. I'm Deena kodiak. And I'm Susanna Palmer in the Bloomberg newsroom. Two New York hospitals have agreed to pay more than $165 million to 147 former patients who
"jim forbes" Discussed on Bloomberg Radio New York
"Cheeseburger in a McDonald's parking lot, the shooting occurred last Sunday Night when the officer went to the fast food restaurant on a disturbance call, and saw a car he thought had evaded the police a day earlier. Body camera video shows the officer opening the driver's door and scaring the 17 year old boy in the driver's seat. Police say the teen put the car in reverse when the officer began firing at him. The teens suffered multiple gunshot wounds and is in the hospital in critical condition. The ivaldi Texas school district is suspending its entire police department. Jim Forbes reports. The announcement comes after months of outrage as officers were accused of not doing more to save children and teachers who were murdered earlier this year. The exact length of the department's suspension isn't known as the district only says its lasting, quote, for a period of time. One top official is also retiring, while another is being placed on administrative leave. President Biden says the number of people reentering the workforce is the fastest in any modern economic recovery. We still have a lot of work to do. What we're building a different economy than before. A better word, a stronger one. While at a Volvo plant in Maryland, he touted low unemployment as the economy recovers from a rough summer. He said, while the pace of job growth is cooling down, it's continuing to power forward fight and added inflation needs to come down without giving up all the historic economic progress working class and middle class people have made on Republicans claiming that good news for the economy doesn't necessarily mean good for Americans. He ripped their trickle down mentality. Biden said he believes in building an economy that works for everyone. Days before a fatal knife attack on the Las Vegas Strip of Los Angeles TV photojournalist reportedly interviewed the suspect a photographer for NBC owned telemundo 54 is now airing a video reportedly showing the man pleading for help near LA city hall. I'm Michael kassner. George's Republican lieutenant governor is ripping his party when it
"jim forbes" Discussed on Bloomberg Radio New York
"Latest. I'm Jim Forbes. Now this Bloomberg sports update, Justin Verlander allowed four hits over 7 innings, Kyle Tucker hit a three run Homer in the Astros beat the Yankees three to one to snap New York's 15 game home winning streak, hours after Aaron judge agreed to a $19 million one year contract to avoid arbitration, the Yankees were greeted with loud ovations by just its third home sellout crowd this season. Judge went over four as the 52 and 19 Yankees lost for just the fourth time in their last 23 games. John Carlos Stanton accounted for the lone Yankees run with a 6th inning home run, Luis severino takes the loss and is now four and two. Francisco Lindor Homer double drove in four runs to lead the mets past Miami 5 to three in the opener of a three game weekend series. Marcana also went deep in Taiwan walker pitched 6 innings allowing three runs as the Met stretched their lead over Atlanta to 5 games of the national league east after the braves lose to the Dodgers four to one. Walker now 6 and two on the season, Miami starter sandy el cantara, who came into the game with a 1.72 earned run average, took the loss and is now 7 and three. The Tampa Bay lightning defeated the Colorado avalanche three to two in game 5 of the NHL Stanley Cup finals to force a 6th game on Sunday Night in Tampa. NBA news, the nuts and Kyrie Irving could be reaching an impasse. On their future together, ESPN reporting Irving has created a list of teams for a potential sign and train deal if he and Brooklyn can't work out a way for him to stay with the team. Irving's list includes the Los Angeles Lakers, the Los Angeles Clippers, Linux, the Miami Heat, the Dallas Mavericks, and the Philadelphia 76ers. After two rounds of playing at the travelers championship in Cromwell, Connecticut, Sanders shoddily, atop the leaderboard at 14 under par, defending champion Harris English among a group of 5 players who were 5 strokes back at 9 under, with a Bloomberg sports update. I'm Tom Rogers
"jim forbes" Discussed on Bloomberg Radio New York
"Is Bloomberg radio President Biden is wrapping up his trip to South Korea Jim Forbes has details Biden ended his visit to solon Sunday by appearing publicly with the chairman of the Hyundai motor group and praised Hyundai's decision to build a $5 billion electric vehicle plan in Georgia Biden said electric vehicles are quote good for our climate goals and good for business Before leaving for Japan the president visited U.S. troops stationed in South Korea an emergency shipment of baby formula will soon be hitting U.S. store shelves The first batch from operation fly formula arrived in Indiana today aboard an air force cargo plane from Germany It contains about a 130 pallets of Nestlé infant formula in a tweet President Biden said up to one and a half million bottles worth of formula will be on American shelves as soon as possible Representative Hakeem Jeffries is confident that Democrats will continue to hold the majority following the midterm elections appearing on CBS's face the nation the New York Democrat stated that while the electorate is unsettled there is much to celebrate in terms of progress despite Biden's sagging approval rating He cited legislation passed by his party just this week to address domestic terrorism and price gouging at the pump The deadly tornado that ripped through Gaylord Michigan on Friday had winds of 150 mph The national weather service says it was the first tornado in Michigan that was EF three or stronger since 2012 and that it tore a wide path through otsego county over 16 miles long The tornado killed two people and injured 44 and caused widespread damage in both residential and commercial areas Is this the real life is this just fantasy caught in a landslide.
"jim forbes" Discussed on Bloomberg Radio New York
"The Pfizer or Moderna vaccine were 94% effective against death or ventilation during the recent omicron surge Two doses were only 79% effective in comparison The CDC says these findings revealed that remaining up to date on COVID vaccinations is highly effective in preventing severe illness or death even against the current variants And search and rescue efforts are underway after a U.S. Military aircraft crashed in Norway Officials say the marine MV 22 Osprey went missing with four service members on board while performing a NATO exercise And that's the very latest I'm Jim Forbes Now this Bloomberg sports update south region 9th seed TCU got its first NCAA tournament victory in 35 years easily defeating the 8th seed seton hall 69 to 42 the pirates really were never in this one TCU led 33 21 and a half time and began the second half of the 15 to four run the pirates set a record for the fewest amount of points scored in a tournament game with 42 the previous low was 52 Not that much in the way of a surprise on the second day of the tournament on Friday in the south region top seed Arizona advances to the second round along with Houston Illinois Villanova and Ohio State from the east region Purdue and Texas on to the second round Saint Peter's takes on Murray state at 7 45 tonight in their second round east region game From the Midwest region Wisconsin Iowa state Miami and auburn all advance Notre-Dame after defeating Rutgers in the play in game on Wednesday defeated Alabama in the west region 78 64 also advancing out of the west Texas tech duke and Michigan state In the NBA the nets defeated the Portland Trail Blazers one 28 one 23 at the Barclays center Kevin Durant scored 38 points Seth curry returned to the lineup with 7 three pointers in his best game has a net as the nets rallied to beat the trailblazers curry finished with 27 points his most since coming from Philadelphia last month in the James Harden Ben Simmons deal Andre Drummond and Bruce Brown each added 17 for the nets Meanwhile if the garden Julius Randle scored 18 points and grabbed 17 rebounds RJ Barrett at 18 points at the next outlasted Washington 100 to 97 The Yankees opened their pre season schedule losing to the Pittsburgh pirates four to three earlier in the day the Yankees traded first baseman Luke voigt to the San Diego Padres for a pitching prospect but the Bloomberg sports update I'm Tom Rogers.
"jim forbes" Discussed on Bloomberg Radio New York
"11 three O Now a global news update The uma cron variant of COVID-19 has been detected in Europe Italy Germany and the UK are all reporting cases of the new strain and British prime minister Boris Johnson is announcing steps to contain the virus Countries across Europe and Asia are enforcing travel bans to help block the new variant Israel is banning all foreigners from entering the country at the start of Hanukkah All Israelis entering the country regardless of vaccination status will be required to quarantine for three days and doctor Anthony Fauci says he wouldn't be surprised if the new coronavirus variant is already in the U.S. The White House chief medical adviser spoke to NBC Saturday and said the uma cron variant hasn't been detected yet in this country but the government was taking steps to learn more about the new strain before it spreads starting Monday the Biden administration is closing America's borders to travelers from 8 African nations I'm Jim Forbes I'm Barry RICO you're listening to masters of business on Bloomberg radio my special guest today Steve fratkin is the president of Northern Trust wealth management They run about $355 billion in flying assets So we talked a little bit about alternatives earlier Let's address that a bit There seems to be a growing appetite for all manner of alternative investments given that stocks and bonds are all a little bit pricey Let's start with private equity What sort of demand is there from your clients for private equity And how do you guys respond to the question of potentially better returns in exchange for far less liquidity Sure Look investment has become much more granular over the decades And again just to be facetious large cap stocks versus high quality bonds 40 years ago Today clients think in terms of small cap mid cap large cap value international emerging markets private equity and thousands of flavors of private equity hedge funds same thing So in the quest for optimizing returns clients and their professional money managers in Northern Trust included have searched for different asset classes to combine together to give people the best chance to achieve their objectives Private equity clearly has been in the aggregate there are winners and losers in private equity but has been a asset class that has done well for many There are tradeoffs with private equity particularly in terms of liquidity But I would say amongst our clientele the appetite for private equity and private equity as a more normalized asset class continues to grow It's not the right asset class for every client But for clients who have the capacity the risk tolerance and so forth it definitely can play an important role in a client's portfolio And increasingly we're seeing more use of private equity today than we did say ten years ago What about venture capital or hedge funds to totally different entities from both each other and private equity What's the demand like for those products Demand exists for venture capital and for hedge funds as well Again the devil is in the detail not all hedge funds are created equally The fees that they charge the performance that they've delivered can differ substantially But there is again this same notion of I want to diversify my portfolio I want a range of options and so called alternative investments whether you call it private equity venture capital hedge funds seem to continue to be growing in appeal to our clientele What about crypto and things like blockchain and Ethereum There seems to be a lot of real interest in the space are you finding your client base is crypto curious I would say the demand for crypto is more muted amongst our clientele than some of what you read in the public press And that doesn't mean we have examples of clients who have invested in crypto and done exceptionally well right time But I would say in general if I had to caricature it I would say that crypto is still an evolving asset class that is misunderstood by many And I think most are treating it carefully And the ones that are making crypto investments are viewing it more as a More as a role of the dice than a rational Analytical view of what crypto is trading at today and what it's going to trade at tomorrow If you would as a bit of a roll the dice they may jump in a little bit But they understand that what goes up can also go down So I would say amongst our clientele overall crypto is still not widely in use So we mentioned briefly market is a certainly price you than it was 5 or ten years ago How do you manage around stocks and bonds Neither of which are inexpensive Look I think for many of our clients the market does go up the market does go down And one of the great features of our the goals driven methodology that we use for clients is that we build a portfolio such that after a lot of analytical work to evaluate their goals and so forth That enables them to endure and not have to sell in a down market We create something that's called a portfolio reserve I would liken it to the mode around your castle Some people like a wide deep moat some people need a narrower and less deep moat But think of that as high quality fixed income if the stock market goes down your bonds are still fine you can still pay your mortgage life is.
Prince Charles Won't Let Grandson Archie Become a Prince
"Condition. I'm Jim Forbes when Prince Charles becomes the king. He wants to make sure his two year old grandson can never be a prince, a source close to the couple says. Charles will change several legal documents to ensure Archie can't inherit the title. Prince Charles wants to slim down the monarchy and says the public doesn't want to put the bill for the ever expanding Royals. The heir to the throne has made it clear that Prince Harry and Meghan Markle son will not have a place with key Royals and appears to be the reason behind
"jim forbes" Discussed on Bloomberg Radio New York
"Jim Forbes has the latest that's nearly 40% of all U S adults. White House covered coordinator Jeff Science called it significant progress and a cause for hope. Zion's argued the virus response is well ahead of estimates at the start of President Biden's tenure. In the meantime, CDC director Rochelle Wolinsky said new cases and deaths continue to decline. US troops may soon be getting vaccinated for covert 19 President Biden on Friday said the decision needs final clearance from federal regulators. Even then, he said, it would be a tough call and that he'd leave it up to the military, According to congressional testimony from military officials in February, about one third of troops have declined to get the vaccine. The White House says the U. S. Will explore diplomacy with North Korea. Press Secretary Jen Psaki said Friday. The Biden administration has completed its North Korea policy review and that the U. S is open to and we'll explore diplomacy. In a practical way. I only said Taylor And I'm to dispel a greeny in the Bloomberg newsroom. Berkshire Hathaway is reporting a quarterly profit, thanks in part to stock market gains and improving results in the company's insurance business. Berkshire Hathaway is also now stockpiling even more cash and your record $145.4 billion. If it seems like prices are going up, it's because they are The prices of rob Materials that go into almost everything is skyrocketing. And former Treasury Secretary Larry Summers says he is now on heightened inflation watch because I think we're seeing rising evidence labor shortages, you can see that in small business surveys where Were record levels in terms of difficulties in finding labor. You can see that in terms of the data on job vacancies, which are at near record levels, levels that usually would go with 3.5% unemployment. Not with 6% unemployment and summers with us there on Bloomberg balance Power delivery times for Apple's latest high and iPad pros have slipped into July, just hours after going on sale. We get born that from Bloomberg's Charlie Pellet, it indicates a combination of strong work from home demand and anticipated supply constraints. According to checks of Apple's website by Bloomberg News. Nearly all versions of Apple's new 12.9 Inch iPad pro models are now seeing delivery estimates ranging from June 24th 2 July eighth in the U. S. Last week, Apple warned of a 3 to $4 billion hit to third quarter revenue due to expected iPad and Mac supply constraints related to some legacy components. Charlie Public, Bloomberg Radio and it's Derby date. No mint juleps here, but we'll be carrying the Kentucky Derby for you Live right here on Bloomberg.
Zimbabwe to Start Selling Hunting Rights to Shoot Endangered Elephants
"An income shortfall because of lack of tourism. Zimbabwe is going to start selling rights to shoot hundreds of endangered elephants. The African forest elephants is on the critically endangered species list while the savanna elephants is classified as endangered. Zimbabwe Parks and Wildlife Management authorities said they're facing a $25 million shortfall due in part to a lack of sport hunting because of the pandemic. According to CNN, the center for Natural Resource Governance, eighth and Bob Way, environmental and human rights advocacy group called the decision quote. Appalling. I'm Jim Forbes.
7 Deputies on Leave After Fatal Shooting of Black Man
"Placed on leave after the fatal shooting of a black man. The deputies were carrying out a search and arrest warrant in Elizabeth City Wednesday morning when they fatally shot Andrew Brown Jr the past could tank county sheriff held a press conference online Friday night. Expressed condolences to Brown's family. The sheriff pledged if any of his deputies were found to have violated laws or policies, they will be held accountable. Body camera footage of the shooting has not been made public. The shooting has spurred protests in Elizabeth City. I'm Jim Forbes. The names of the
Razzies 2021: The nominations for worst film are in
"A movie about a doctor who can talk to animals is being honored as the worst of last year. Jim Forbes says more. The movie do Little leads The Razzie Awards with six nominations, including worst actor for star Robert Downey Jr. It was his first big film after retiring from the Marvel Universe, and Hathaway was nominated for worst actress in two movies, the last thing he wanted and witches. Rudy Giuliani even got a nod for worst supporting actor and Borat to the Razzies will be unveiled April 24th the night before the
"jim forbes" Discussed on Bloomberg Radio New York
"You're Bruce Castor said Friday There was a lack of planning by the mob to take over the government and clearly no insurrection. Trump's legal team took about three hours to make their case. U. S. Capitol Police members are presenting a vote of no confidence in the department's leaders. CNN reports the acting chief to assistant Chiefs, three deputy chiefs and a captain all do not have the confidence of officers. Vote started Thursday and was limited to rank and file officers represented by the U. S. Capitol Police Labor Committee. It comes more than a month after the deadly January 6th attack on Capitol Hill. Acting chief, you gotta. Pittman told the news outlet. She's committed to ensuring every officer gets what they need and deserve. The Biden administration is looking to close up the Guantanamo Bay detention facility in Cuba. Ryan shook has the latest White House press secretary Jen Psaki told reporters they intend to have the prison shut down by the time President Biden leaves office, she explained. The National Security Council is reviewing the facility to assess the state of play. The current administration inherited. Former president Obama tried to shut down the facility while in office, but former president Trump through those plans out. There are roughly 40 prisoners currently at Guantanamo Bay. I'm Brian shook and a five time jeopardy champion, has died unexpectedly at the age of 24 Brayden. Smith was one of Alex Trebek's final champions. On the long running question, though. In a tweet Friday. The show said Smith was kind, funny and absolutely brilliant. His obituary says. Smith died February 5th in Las Vegas. No cause of death was given. That's the latest I'm Jim Forbes. Majority of Americans are in favor of President Biden's work in the White House. So far, a new Hill Harris sex poll shows the commander in chief with a 60% job approval rating. Hadn't received high marks for handling the economy, fighting terrorism and foreign affairs. His best score was 65% for taking on the Corona virus pandemic. The overall rating is a slight dip from the 63% received right after the inauguration. California Teachers Association says now is not the time to resume in person learning. Claudia Briggs, with the C T A says case rates are too high with more contagious strains of the virus, and many schools don't have the money yet to make classrooms safe mirror everything way have to get shots in the arm. All employees who are required to report in person and before students return to campus. Briggs also says she's pleased with the CDC is new guidelines for safely reopening schools that includes steps that should be taken to make classroom safe, and she's encouraged. That CDC director Dr Rochelle Walensky is strongly recommending that states prioritized teachers for vaccinations and with Valentine's Day right around the corner, single people have more obstacles than ever while trying to find love in the midst of a global pandemic. But dating expert Sharon Sweater says you shouldn't lose hope. Schweitzer says. People often have different rules for dating and especially for meeting up so it's important to advertise what you're comfortable with. As soon as possible. If you are going to meet someone agree in advance. Hey, you know what? I wear a mask. I like 6 ft. Distancing. What are your views on that? What is your position? She also added, It's a great time to really get to know a person through video dates before deciding how to move forward. If you click for those who have problems.
"jim forbes" Discussed on WCPT 820
"NBC News Radio. I'm Jim Forbes, the top leader of Isis in Iraq is dead after a joint mission with the U. S and Iraqi forces. A spokesman for Operation Inherent Resolve, says the 43 year old known as Abu Yasser, was killed in an airstrike this week in the northern part of the country. The attack was meant to stem resurgence efforts. And comes after the double suicide bombing in Baghdad last week. Colonel Wayne Murad Oh says the U. S led military coalition will continue to remove key leaders and degrade the terrorist organization. He warned others they will be pursued to the ends of the Earth. National Security advisor Jake Sullivan says the biggest challenge to the U. S. Security is right here on home turf, he says. Right now the U. S has to get its own house in order, Sullivan said. We have to deal with the pandemic, the economic crisis, the climate crisis and the deep political divisions, which will be the early work of the Biden administration. Then, he says, we can think about outside threats. From a position of renewed strength. Government figures show consumer spending fell for the second straight month in December. Matt Madison has more, the Commerce Department said Friday. Consumer spending slipped by 2/10 of a percent last month. That's less than economists expected as Americans cut spending on recreation vehicles and dining out of bed covered fears. Meanwhile, incomes rose by 6/10 of a percent I'm at Madison and California's Oakland International Airport is the first airport to feature vending machines that conveniently dispensed Cove..
"jim forbes" Discussed on Bloomberg Radio New York
"Quick Take This is Bloomberg Radio. No. A global news update. The number of those losing their lives to cope in 19 keeps getting worse. The death toll from the Corona virus in the U. S is now topping 350,000 Johns Hopkins University, researchers say. There are more than 20 million Coben 19 cases in this country. This comes as Americans are starting to get the visor or Madonna vaccines worldwide. There are more than 84 million cases. And 1.8 million deaths. New York State surpasses one million positive cases of covered 19 David Folk, Thomas has more governor Cuomo, releasing the latest coronavirus figure Saturday afternoon of the more than 200,000 tests reported Friday just over 15,000 coming back positive, and that was enough to push the overall number of cases since the pandemic began past the seven figure milestone. The positivity rate Friday was seven. 0.45% and there were 128 virus related death. New York is the fourth state with more than one million cases, joining California, Texas and Florida. The passengers and pilots on board a small plane or dead after it crashed Saturday. To a Michigan home. The five residents inside the house were able to get out safely, but their cat did not. The Oakland County sheriff's Office issued a statement confirming three dead. Home is close to the Oakland Southwest Airport in Lyon Township and investigation is now underway and a group of Republican senators is stepping forward. The challenge the results of the presidential election, Ted Cruz of Texas and 10. Others say they want to take 10 days to conduct an audit of those results. Alaska Senator Lisa Murkowski says She will not support that effort. Congress meets Wednesday to certify the results of the election. It's the final step to clear the path for Joe Biden to be sworn in on January 20th. I'm Jim Forbes. Sheriff's deputy and to Wal Mart. Security officers are being treated after getting shot at a store in the Washington D. C area. A second Loudon County, Virginia deputy returned fire. Wounding the suspect and forcing him to flee. The suspect crashed his car in the attempt and then was taken into custody. Deputies were called to the Dulles Crossing Plaza, Wal Mart. Saturday afternoon by store security because of theft. When they arrived, the suspect allegedly pulled a gun from his waistband and began firing. All three were shot in the legs. A North Texas judges. The suspect in the vandalism of a segregation era sign Lisa Bowl has more video posted to YouTube shows Ellis County Judge Todd Little telling another man to spray paint over a sign which used to hang over a water fountain reserved for black residents. Ellis County Commissioner Lane.
"jim forbes" Discussed on WCPT 820
"News radio. I'm Jim Forbes more than 275,000. Americans are dealing now with Corona virus infections. That covered tracking project reported the number of new daily cases jumped above 250,000 for the very first time. Some state officials did not report their numbers on New Year's Day, so that total includes both days. Still, it's a record high. Passengers and pilots on board a small plane or dead after it crashed Saturday into a Michigan home. The five residents inside the house were able to get out safely, but their cat did not make it. The Oakland County sheriff's Office issued a statement confirming three died. The home is close to the Oakland Southwest Airport in Lyon Township and investigation is now underway. A group of Republican senators is stepping forward to challenge the results of the presidential election. Ted Cruz of Texas and 10. Others said they want to take 10 days to conduct an audit of the results. Alaska Senator Lisa Murkowski says she will not support their effort. Congress meets on Wednesday to certify the results of the election. It's the final step required to clear the path for Joe Biden to be sworn in on January 20th. It appears Tuesday's election and Georgia will shatter records. Already, more than three million people have voted in the two races that will determine which party controls the Senate. Republicans on Lee need to win one of the two to keep control. Democrats must win both and broadcasting legend Larry King is being treated for covert 19 and in L. A hospital. The 87 year old former talk show host contracted the Corona virus more than AH, week ago. His condition is unknown. King is a two time cancer survivor who suffers from Type two diabetes and also heart disease. And that's the very latest. I'm Jim Forbes. See Chicago's progressive talk. 8:20, A.m., W. CPT, Willow Springs and online the W C P T a 20 calm where facts matter. We're back. Happy New Year. It's been a great show. So far, Carol felt unfolds a great guest. I'm still laughing about about Miss Leffler down in Georgia, Gather said. They got her and basically farm close. I mean, this is the richest woman in the Senate. They got it in flannel shirts, and she eats just they never cease to amaze me. That reminds me remember the governor of Alaska. All of a sudden I headed. It's on the tip of my tongue. Why could I ever forget her? She was vice presidential candidate for John McCain. Ceremony. Yes, sir. Remember when they took her and had had to buy her new clothes up in New York at Saks Fifth Avenue, so that she'd be presentable for the debates? They just they never cease to amaze me. But I mean, come on. Jesus Christ. Trying to create an image just doesn't exist. You know, on by the way, I think there's a bear real possibility. I side with the collar I side with With a girl. I think there's a very real possibility that the Democrats will win. There's run offs down in Georgia. And the reason I think that is Joe Biden flip the state. I mean, there wasn't an incredible turnout in Georgia and Georgia went blue for Joe Biden for the first time in decades, and that's those of the votes that Trump's been contesting. But the Democrats turned out and record number and the Democrats were That they were really, really motivated. And and as a result of that they helped Joe Biden become the president elect. And if they were that motivated and that was only just a couple of months ago, I think it's a real possibility. Uh, in Georgia that the Democrats will win those runoff election and and I might add. You know Stacey Abrams down there is a miracle worker. I mean, the things she's done and the registration, the new registrations and the fundraising that she's done. It's incredible. So I think there's a very real possibility that the Democrats will take those two run off elections now. I mean, I know that the but I know that there's three million early votes already cast, and I know that, as Carol said, And as I've read in the Washington Post it Many of those early votes were coming from predominantly African American areas. African American district's And districts that went heavily Democrat but that never say never There's a very real possibility. That the Republican although I don't know how I just don't know how they could possibly would be motivated with everything that's going on and the way they're criticizing their elected officials down there the way Donald Trump is criticizing their Republican elected officials, especially Governor in the secretary of state. Look, I'm not supporting Republicans, but I'm just saying Trump is trashing them all and calling the Senate Republicans pathetic and Talking about rigged elections and talked about fraud in Georgia. I mean, Whoa! How could you be less motivated to turn out? I just I just I'm like Carol, I'll be happy to watch the results Tuesday night. It will make a difference. It would be the difference between getting something done in Washington, D. C in the Biden administration. Four years of gridlock. I know Joe Biden works well with across the aisle and he's got friends on both sides of the aisle, and they're very familiar with him. That won't know if any of the Republican Day they were willing to help Barack Obama. Remember Mitch McConnell said they were going to spend four years At the beginning of his of his inauguration, making sure that you didn't get anything done and denying him the Supreme Court nomination of Merrick Garland, even though we had even though there was still over a year left in his term are almost a year left in his term. So it makes a difference. Turnout and the election in Georgia makes a difference. Will we have progress in the coming here? And Washington? D. C. Will anything get done? Especially with a new team in place. New priorities. New beginnings for Joe Biden and the Democrats in Washington, D. C. We have four more years in gridlock. That's that's just the bottom line anyhow. So 7737639278 is our phone number. I want to keep the lines open. This is our last hour. I hope all of your staying safe and warm. We finally got winter here. USCIS. No underground. It's chilly out here where I live. Not chili is cold anyhow. So, Paul, you let me know if we have phone calls. I will. They're coming in now. Nico Sisk reading them. Fantastic because thank you very much. And Paul. Thank you very much. I just wanted to let you guys know I really appreciate what you do all year. And you're the guys that go to the station and I sit in the comfort of my home, although I missed the personal contact, but You know, I'm not gonna do anything right now. I keep waiting for my turn to get the vaccine. Right. That's what I made. It's been a miserable process of turning out. Mm hmm. The vaccine getting the vaccine where it needs to be in getting people to take the vaccine have done a poor job, and part of the reason is That the Trump Administration has left this to the hands of individual governors. And and there is no national strategy for getting it done. Was just has always frosted me. There was no national strategy for handling the pandemic in the first place, and that's that's that. That's why we find ourselves with 20 million cases in the United States and 330,000 people who've lost their lives. Thanks a lot. Thanks a lot..