35 Burst results for "John Tucker"
Bloomberg Radio New York
"john tucker" Discussed on Bloomberg Radio New York
"These markets. We do that with John Tucker in New York. John, what are you? All right, why is you might imagine stocks lower yields are higher with what I think we can safely say was hawkish testimony, the swamp show shift in bets in the March meeting. So you have a half point hike being seen as slightly more likely than their quarter point moves. The anticipated peak in the fed funds rate also jumping to more than 5.6% Joseph had the inversion between twos and tens that is a full percentage point right now. A technical indicator I am a little surprised here. Maybe you can weigh in in this pretty and Paul, but I would have thought we would have seen lower market reaction right now. The S&P 500 thirty four points slower down about 9 tenths of a percent, so we paired some of the earlier drop. One of the technical indicators, the 13 week moving average in the S&P 500, that's moved back above the 26 week moving average. So take that for what it's worth. NASDAQ 100 right now, 44 points lower. That's down four tenths of a percent the dungeons industrial average down 1%, 327 points lower, among other things pals had expectations do have an impact on inflation because they've come self fulfilling. So that's part of why he said he's sticking to his 2% target. But again, stocks are lower yields are higher the two year right now. Four 95 that's up 6 basis points to ten year. It's actually down one basis point right now. Three 94, but check the markets for you all
Bloomberg Radio New York
"john tucker" Discussed on Bloomberg Radio New York
"That. John Tucker, thank you so much for that report. Kyle back to joins us here. He's a co portfolio manager for Hennessey funds ESG, large cap ETF. Kyle, I mean, we've seen some weakness in the market today, but you know, rallying a little bit this year to date versus the disaster that was 2022. What are you telling your clients? What are you telling your fund managers? What are you telling your analysts about? How they should think about positioning themselves in 2023. I'd say 2023 is going to be an interesting year. After what we had was a major correction in valuations in 2022 where names that I think had some very ambitious growth prospects go out of that reality checked by the prospect of delivering that growth. Higher interest rate environment caused which caused some significant declines. I think this year we've seen a lot of those same names recover a bit of the losses. In terms of January, I'd say we think it's been a bit of a kind of a garbage rally where the stuff like a beefed up the most has rallied significantly. We're looking at earnings quite closely. By the way, Kyle, was that you think that was people who sold stocks at a loss last year for tax purposes were just getting back in them or was it that people who shorted them down into 2022 are covering those shorts or why was this garbage rally occurring? I think there's a couple of different forces. One we have the what I call retirement, which is a very powerful force for investors who are effectively forced to buy. And a lot of them have been just seeing that inflows. We've also seen some positioning where some investors have said look these valuations look quite attractive now and I'm going to I'm going to actually move some cash into names like meta Tesla and other names that have been I'd say I've taken a significant beatdown where their core businesses are actually relatively strong when you look at the valuation declines that have occurred. In terms of tax loss harvesting, I do think that's a relatively powerful force, although I highly doubt that most of those trades would have come in exactly on that timing it. So I think there are a variety of different courses going on. The other big one, I think, that's we're going to see it's becoming more and more of a trend as earnings and macro data comes out as which names will be more attractive. So I name a drop 50 to 60% from last year. I'm effectively has seen evaluation cut in half. And if those names are still growing, although at a much slower rate, it might be quite attractive to investors. So talk to us about healthcare. I know that's a space you guys like, what's your thesis on healthcare here as we come out of this pandemic, maybe get into more normalized, I guess, kind of a health scenario. I mean, healthcare, I always joke that it's a fake sector name in that. There's a lot of diversification in there as you have insurance names. You have BioTech research names. More established blue chip like pharma names. You have retail like names. So we actually quite like healthcare and that our models find a lot of diversification in there. We always tend to be overweight because of that. We actually like some of the names as things normalized in terms of seeing the growth of insurance plans. We see in forecast some growth on the use of labs as effectively the country is getting older and healthcare utilization is going up. If you think about it with everyone having to kind of I'm not going to use the word hide, but I've been at home to the last two years not everyone obviously there's a lot of people who have been out and about, but there is a large segment of the population that has not been using healthcare resources as they normally would in a non pandemic environment. And we do expect that utilization to go back up. That's a great point. You know, a lot of people probably during the pandemic posted, I don't need to go to the dermatologist. I don't need to go check out my tennis elbow, you know, those little or things, right? Or what we perceive as little or at least the beginning. Now that everything's open and clear, you make as many appointments as you can. Well, it's not only that. It's also a bit easier to go to get right now. I mean, at the height of the pandemic, your doctor might be remote only, it might require significant masking, sanitation protocols, vaccinations, now that things are kind of normalizing you don't need all that. You still got to wear the mask, unfortunately. I go to HSS for my physical therapy for my tennis elbow, squash elbow. Right. Gotta wear a mask. I think that might be something for a very long time in those kinds of environments. So Kyle, you talk about the quant background. What's the quant model you guys use today? And how is it performed? I'd say our quant process has evolved a lot over the last 9 years. So we started off in 2014, kind of intersecting machine learning for investment views and what I call rules based ESG screens for values alignment and a name that has both an expectation of outperformance from the machine learning and values alignment signal from our ESG process. You can think of it as a potential loan. We've been blending a variety of different types of I'd call them quantum mental factors. So things like having our own and how sales growth forecast our own relative valuation model, our own time series framework and we combine all that with very traditional metrics too. And we kind of let the machines to wait and deal with all of this. And it's our job to feed better things in there. In terms of performance, we've had as a firm we've had quite strong performance over the last 9 years. We recently launched an ETF in March of 2021. We had significant outperformance last year. Yeah, the Hennessey stance, ESG ETF. I'd say last year was quite interesting in that our quant model, which was saying, I'll take Q one, for example, it was saying goodbye energy aims, which are USG process promptly rejected. So if I look at Q one, which was a bad quarter for us on our relative to benchmark basis of last year, a lot of the underperformance was simply because we couldn't get access to those energy names, which went up in one case over 90%. Because signals said no. Something you slap on an ETF or a fund the way companies used to do with blockchain in their names so that people would think it was cool or I guess your models limit you, do they help you in any way as ESG been a tailwind because you were up? I mean, at least the last 12 months stance is up like 7%, right? So you've done well. We have done well, but I would say, I don't think of ESG as having to help or hurt us. So I actually think it gives us simply a list of names that are more values aligned with that of our clientele and process. And we actually think as a firm, there is no alpha in ESG, but because there is no alpha, it's effectively a free lunch. I can generate outperformance from the use of quantum models. I can build a more risk efficient portfolio to the use of optimization and if I can actually have a process in our case, we actually have a systematic process that tries to pick the best names from each industry group as a function of vector specific indicators, things like clean revenue, diversity, resource efficiency, how they treat their workers, and also we also look at a lot of third party data in terms of bad lifts where firms have been flagged for illegal behavior. Noncompliance, signs and we find the intersection of those of those
Bloomberg Radio New York
"john tucker" Discussed on Bloomberg Radio New York
"I'm John Tucker in New York with your global look ahead of the top stories for investors in the coming week and the new year. By the watch when it comes to politics as the battle lines are drawn for the 2024 presidential race and for war, let's go to Bloomberg, quick takes Madison mills. Thank you, John, and it's still almost two years away from the 2024 presidential election, but things are already heating up on the democratic side. We're seeing people like the newly elected incoming House democratic leader Hakeem Jeffries. He's saying that he's all for 2024 run for President Biden. I know he'll have a vision for the future. I look forward to strongly supporting President Biden's reelection. Incoming House democratic leader, Hakeem Jeffries there on ABC's this week heard here on Bloomberg radio and joining me now to talk about how things might unfold in the coming year. Bloomberg's deputy managing editor in Washington Wendy Benjamin zen Wendy always a joy to speak with you and thanks for joining us. Let's start with what's happening for the Democrats here. What would you say is the single biggest way that we're already seeing Democrats prepare for battle, heading into 2024? Well, I think one thing they're doing, Madison and we just heard the democratic leader hacking Jeffrey say it is their lining up behind Biden. There was some talk earlier earlier this year and last year that maybe we should have somebody else. He's 80. He's going to be 82 in the campaign. Starts, he would be the oldest president in American history and there was some sense and his public approval ratings were really low. So there was some sense that maybe somebody else on a step in. And then I think they looked around and saw who else could step in. The bench is not great for people who could beat one of the improbable Republican nominees. And then Biden did spectacularly well in the midterms. I mean, we knew he was going to lose the House of Representatives. But he lost them by only, I think 5 seats, a very small handful of seats. I think it's 8, actually. But a very small handful of seats. They kept the Senate, voters did not seem to despise him as much as they thought. And now they are lining up behind Joe Biden for a second term. Right, voters didn't, and now we're seeing lawmakers sort of feeling the same as you said Wendy just really putting their support behind a Biden run after that red wave became more like a very, very light red trickle. Let's hear what Senate majority leader Chuck Schumer had to say about a 2024 race. I think President Biden being on the ticket if he runs and if he runs, I'll support him. It would be very, very helpful. So Schumer saying that it would be helpful, but I do want to look at Republicans here because they will hold the majority in the House next term and said they plan to hold hearings on Hunter Biden and the origins of COVID-19. How much of a liability is that going to be for the Biden camp? You're absolutely right. They are going to investigate Hunter Biden, COVID-19, and just about everything else they could possibly think of. There's talk of impeaching the Department of Homeland Security secretary Alejandro mayorkas for the fact that the border is practically uncontrolled at this point. A lot of migrants coming across the border. They want to impeach him for them. They want to look at the withdrawal from Afghanistan. And so
Bloomberg Radio New York
"john tucker" Discussed on Bloomberg Radio New York
"And this is Bloomberg. John. All right, thanks, Amy. Just to hit on Bloomberg daybreak weekend, Japan, and the Netherlands are joining the U.S. in an attempt to tighten chip exports to China. We'll have details. I'm John Tucker, and this is Bloomberg. On the latest edition of the Bloomberg businessweek podcast, a conversation with Marianne bartels, chief investment strategist at sanctuary wealth. Marianne, how are you? I'm terrific. Thank you for having me today. Are you terrific? Today's, it's been quite the week when it comes to the equity market. I like the perspective, but how are you feeling? I'm actually feeling pretty good. Why? I have because I have a little bit more of an optimistic outlook for 2023. Now, we still have some bumps in the road. We're going to have some volatility. But I think if we were to have this conversation, this time next year, I think everybody's going to be a little happier in their portfolio. Okay, well, give us a prediction about how much happier they'll be. A lot. Okay, wow. Like 20% happier? Well, we think the bull is already running. And it's not getting a lot of conversation. And that's in the equity market. And it could already be running in the bond market as well. So what do I mean by that? One of the things that I learned early in my career is when you're in the bear market, the bull starts running, it starts showing its colors and you're seeing that in the energy sector, you're seeing that in the industrial sector, the materials sector, and parts of the healthcare sector. We have stocks in those sectors that are trading at or near record all time highs. And we keep talking about a bear market. Well, there are pockets that are not in a bear market. What are the big events that you're going to be looking to next week and through to the end of the year? Everybody's going to keep watching data and anything that's sensitive to prices. We are seeing manufacturing cool off housing cool off. You know, the consumers really been holding everything together, wages have been going up. So I think anything to do any data points with housing. Catch more of this and other conversations on today's Bloomberg businessweek podcast. Subscribe on Apple Spotify and anywhere else you get your podcasts. Plus listen anytime on Bloomberg dot com.
Bloomberg Radio New York
"john tucker" Discussed on Bloomberg Radio New York
"Very much for that John Tucker with your Bloomberg business flash. Now let's get to Kevin Tyne and right now. He is our automotive senior automotive analyst from Bloomberg intelligence. He's somewhere in the armpit of America. Is he? In New Jersey. Oh, that's armpit. You keep playing that game. I'm just messing with you. We got enough people in New Jersey. I'm just messing with you. I'm just messing with you. Kevin, what a ride for, especially dealers, right? Last year was insane. In terms of inventory, they had troubles in terms of pricing. It was off the charts. And then there were some stocks like carvana, which were crazy. What was it trading at like $360? $360 and now an analyst is slashing it down to $1. Is this a, this is not an industry problem with carvana, right? This is a company specific issue. Yeah, I believe so. I mean, I think when you look at it fundamentally, and part of the problem amongst many other things with carvana is that they are used vehicle only. And one of the things I like about the retail automotive space is that a full line legacy dealer can diversify its revenue and sort of hop to the hot business unit. So when new vehicle margin was gross margin was below 5%, you started to see a push towards the used vehicle market where that gross margin could be double. And that's where legacy dealerships would create private label, carvana pops up, room shift and all these other things. The problem is as that market shifts supply is constrained on the new side and gross margin goes to 12% on new vehicles, carvana can't go anywhere, right? CarMax is a similar story, right? They're only doing used vehicles. So they have less flexibility to kind of go where the margin is. And I would also put parts and service in that as well, where legacy dealers can do that business where carvana and CarMax are beholden only to the used vehicle market. Kevin, are the U.S. automakers? Are they producing as many cars as they want to use the supply chain cleaned up? Do they have enough labor? Are they producing where they want to produce in terms of volume? Yeah, I think so we're getting back there. I just looked at the December 1st inventory levels in the U.S. and it was about 1.7 million units. And that was that's about double right at the bottom. It was under a million. At the peak, it was over 4 million. So obviously we're not anywhere near oversupplied in historical terms. But that kind of inventory level, like a 1.7 million if you think about it. The industry will average about one to 1.5 million unit transactions per month. So we're kind of appropriate supplied, you want to be a little bit above 30 40, 50 days supply. We're getting back to that. But you don't want to be where we were, which was 80, 90, a hundred days. But you also don't want to be looking at lots that are all completely full and having buyers come in and try and get 5 or $10,000 off the price. Are we going to ever get back to that? Well, ever is a long time, but are we going to get back to that in the next couple of years? No. I don't think so. And look, it's bad for everybody. It's bad for the manufacturers. It's bad for the dealerships that carrying costs. So I think that it's not random, right? It's not just the way the market moves and the dealers and the manufacturers are just stuck in this loop of oversupply. They control the output, the manufacturers do. And then the dealers can only sell what they're given. And I think everybody has seen the light in terms of price and margin in this environment and said, this is actually a pretty good place to be. I think we're in that window where we're tweaking it a little bit. Let's get a couple more units on the ground and not lose sales, but we certainly don't want to go back to 4 million units on the ground. All right, I got to talk to you about something that kind of grinds my gears. Oh, using a good metaphor. We have a situation with some carmakers, Mercedes is one Volvo is another BMW infamously another where they're making people pay for over the air updates to access features that are already in the car. For example, BMW wants you to subscribe to heated seats. What? Yeah, so your seats. You buy the car from them, right? Your seats have heating capability, but unless you give them $8 a month or something, they won't let you turn it on through over the air software updates. Now recently, I saw a situation where Mercedes was doing the same thing with horsepower. They're going to sell you a car that has, I don't know the exact numbers, but like 300 horsepower. And if you want 400 horsepower, you need to be giving them like a $1000 a year or Volvo is doing the same thing, although fortunately, at least they're doing it as a one time charge. This is a horrible new frontier, Kevin. It is and think about what that would do to the used vehicle market, right? What are you actually buying? Is every vehicle wiped clean? When you see it on the lot, so essentially, you have to menu up your vehicle if you're buying pre owned also. So it's a strange thing. And then think about how are you buying wholesale vehicles like is everything go back to a base vehicle when it changes hands? And then as a consumer, do my heated seats that I paid BMW for come with me to my next one or it's a strange thing and I've yet to believe that it can actually work over the long term congratulations and your industry continues to go under tremendous change. Kevin tightened senior autos analyst with Bloomberg intelligence with some great stuff. There, looking at the markets. We were positive a little bit earlier. Now we've rolled over in a little bit red here. So market not sure really work to go, but let's check in with Dan genter. He's a CEO and CIO of RNC gender capital management. Dan, rough 2022 for everybody, equities fixed income. What's your 23 outlook? Well, look, we think that the 23 looks a little bit better. We're hoping that we'll see a better second half. I think there are really the first half is going to be the part that's questionable. I mean, the battle lines are very clearly drawn here. And but they're more defined than they were. I mean, I think going into the fourth quarter and in the third quarter this year, it was just basically fight the fed. And almost fight the fed on all fronts. I mean, now it's very clear we're not only we're still fighting the fed, but we're really fighting it on a wage inflation front. So at least it's becoming more targeted. We see who the enemy is, things are starting to roll over. I think the key to us is that if the fed does 50 basis points in December, if somewhere in the first quarter, whether it's two 25s or another 50, they can stop there. And we've got a decent chance at having a soft landing. And if we can hold earnings at somewhere in the low to mid two 30s on the S&P, then
Bloomberg Radio New York
"john tucker" Discussed on Bloomberg Radio New York
"John Tucker, the Bloomberg newsroom with this Bloomberg business flash, this on fed decision day, S&P 500 right now, it is lowered down 24 points as down about 6 tenths of a percent. Earlier today, we had data showing continued market strength in the labor market, that is. It investors waiting to hear from Federal Reserve chairman Jerome Powell, a weather it will be realistic to expect a downturn of the pace of rate hikes going forward. We start our coverage at 2 o'clock with a federate decision followed 30 minutes later by the news conference by Jerome Powell, investors will be looking for any signs of a pivot. Right now the Dow Jones Industrial Average 77 points lower than as the composite index is down 120 points. We check the markets for you every 15 minutes, string the trade today. I'm John Tucker that's your Bloomberg business flash. This is balance of power on Bloomberg television and radio. I'm David Weston to keep up today with news for all around the world. We turn now to Lisa Matteo here with the first word. Thank you, David. Well, Russia has agreed to resume taking part in the Black Sea grain export deal. The Kremlin says it has received written guarantees from Ukraine that the safe package corridor will be used only for shipping grain. The agreement is seen as critical for shoring up world food supplies. Its decision day at the Federal Reserve and for a fourth straight time policymakers are expected to raise interest rates by a super sized 75 basis points to the highest level since 2008. Meanwhile, fed chair Jerome Powell is likely to stick to his message, but the hottest inflation and 40 years must be tamed. The man who killed 17 students and staff at a Parkland Florida high school will be sentenced to life in prison
Bloomberg Radio New York
"john tucker" Discussed on Bloomberg Radio New York
"On Bloomberg radio, I'm John Tucker and that is your Bloomberg business flash. Matt Paul. All right, John Tucker, thank you so much. We appreciate that John was just talking about PepsiCo. They reported some better than expected numbers. I guess people still, despite inflation, despite a looming recession, are still drinking their Pepsi Cola, still eating their fritos, which are my favorite snack. By the way, for those who care. Ken Shea, he does this stuff for a living. He's a senior equity animals for Bloomberg intelligence. She's been covered in these, you know, beverage, tobacco, cannabis, stocks, for decades, tons of experience So I Ken, should I be surprised with PepsiCo? They just reported some better than expected numbers, business seems to be okay. Should I be surprised or is this what these companies do kind of in and out of different cycles? Hi, Paul. Great to be with you today. No, you shouldn't be surprised. I ran the numbers and today represented PepsiCo's 20th straight EPS beat. So this is a company that has really leveraged its diversity by product line, geographic reach by channel. We did they beat your estimates as well. They did. And you know what? Next time you estimate Pepsi earnings, why don't you just add like 25% if they beat everybody 20 times in a row, then there's a problem. You know, you've got to point there. But it speaks to the strength of its brands. These are iconic brands, as you mentioned, Paul Frito lay Cheetos chips, Quaker oats. And what we learned is even though they're effective net pricing was up 17%, a real eye popping number of volumes only down 1%. So consumers, they accepted the price increases, they treat these brands as necessities and it's no surprise that the shares are up and other consumer Staples stocks are benefiting today from this good news. So what kind of innovation or other products is Pepsi out with them? Obviously we're addicted to Cola soda. And salty snacks. What else are they doing? Well, they have something called nitro soda, and if you pour it, it comes out follow me. It does sound like a big deal, but for loyal consumers of these products, a little things like that do make a difference gives them another reason. To go down the soda IO and try it out. And the company's innovation, particularly latest chips. The campaign has been going on for a while now about asking consumers what your favorite flavor is and they respond. Is that's where the company's strength is. It's willingness to stick its neck out and take some chances with different flavors, different formats and things like that. And consumers love that. These are fun. These are fun products. These are not necessities like motor oil. These are fun. So they have to be entertaining as well as consumable. So all right, let's switch over to another beverage company here. All right, so when we talk about these energy drinks, like Red Bull and monster, I never got into that. I don't think I'm the demo. I think it's some more of the younger folks, but I look at monster beverage corp, it's a publicly traded company, is this ticker to put into your Bloomberg terminal. This thing's got a $47 billion market cap to outperforming the market this year like a lot of the consumer Staples down only about 6%. Talk to us about that segment, can it's a really big segment of the beverage market. It really is. Energy is a 16 $16 billion category or so, monsters had the biggest share for a long, long time. Very quietly, energy has been the strongest segment within the beverage category. For quite a number of years now and that's why you're seeing companies like Coca-Cola, which owns about 20% of monster, by the way. But particularly, PepsiCo, just Red Bull last year, it's got a new PepsiCo bought Red Bull. No, the PepsiCo boy rockstar. Okay. And they have a deal with Celsius holdings, which is an up and coming energy drink. Taking the healthy energy angle. But they've been more aggressive in the energy space because it's done so well. And so monster though, back to your question, is that they remain the leader. They have a very asset light model. So they really leverage just that category and kind of outsource distribution at Coca-Cola. They even distribution outsource a lot of their co packing and so it's really been a pure play on energy and it's worked out really well for shareholders. All right, so Paul and I neither one of us really needs any of that energy stuff. I don't think that's all coffee. You're in coffee? No, but I'm having an espresso. I mean, coffee's for closers. I prefer to mellow out a little bit. When are these companies going to come out with some THC infused beverages? Well, when the FDA provides better clarity on what they can do with it, the USDA came out a while ago and said, yeah, you can grow a hemp based CBD products and so on. But the FDA quickly stepped in as a few years ago and said, you know what? That's great, but when it comes to a packaged product and ingesting these products, we need to have more testing, so it's one of those gray areas like many things in cannabis. Where some states where it's state legal, you have generally small beverage companies selling CBD infused beverages. In Canada, you have quite a bit of THC and cheese beverages. They're not legal in the U.S.. I haven't seen any THC beverages here yet. Which THC. THC is the one that makes you high. And CBD is the one that I just like heals you. There are some THC beverages in the UI. But again, it's state by state. These are small producers. You don't have the big guys in there yet. I guess the bottom line, Ken is, are we going to get the safe banking act passed? This is what everybody's waiting for. Some real federal regulations so that these companies which have tremendous growth and revenue streams can bank. Well, you know, it's hard to predict hard track record of predicting the safe banking hasn't been spot on like everybody else's. Like many things are cannabis. It's been much delayed. And I think hope is the key word with cannabis. We know that people like to consume these products. We know it's legal in many states, but until we get that federal legalization or at least
Bloomberg Radio New York
"john tucker" Discussed on Bloomberg Radio New York
"The Bloomberg business app. And at Bloomberg quick take. This is a Bloomberg business lash. And I'm John Tucker in the Bloomberg news room with this Bloomberg business flash. This on a Friday when stocks are extending their slump as growing concern among investors of an outsized Federal Reserve interest rate hike next week that will crimp economic growth. The S&P 500 sinking right now more than 1% one and a half percent so that pushes this week's losses over 5%. Bank of America's strategists say U.S. stocks haven't seen the worst of this year's declines yet against the backdrop of scorching inflation. Had they hawkish Federal Reserve. And then you have among the most actively traded stocks to shares of fed acts. They are down 21.6% right now. A race in billions of market value after withdrawing their earnings for a cast on worsening business conditions as a potentially worrying sign for the global economy. Anders sheets over at Morgan Stanley advises investors to avoid risky assets for now. We think it's still too soon, especially with rates rising, especially in the front end and take investors should stay cautious and we think that cash will outperform a lot of assets. And at CMC markets, chief market analyst there, Michael euston, not optimistic about company earnings going forward. As we head towards the end of the quarter and we look towards October and the upcoming earnings season, I think we could see quite a few more downgrades. The economists surveyed by Bloomberg say the fed officials will signal a more hawkish stance next week when they meet with interest rates reaching 4% by December and staying high through next year. Did have a piece of encouraging sign for the fed as it tries to keep inflation views anchored, a consumer is expect prices will climb at an annual rate of 2.8%
Bloomberg Radio New York
"john tucker" Discussed on Bloomberg Radio New York
"Right here on Bloomberg radio. I'm John Tucker, and that is your Bloomberg business flash, Paul and Matt. All right, John Tucker, thank you so much. We appreciate it there. Good stuff out there. We have a looming railroad strike. And I think it's a big issue because it affects so much of the economy in the U.S.. I mean, you think about it. We're just kind of seeing some light at the end of the tunnel from the supply chain issues associated with the pandemic, and now potentially have a rail strike on the freight, and that could be a big issue across a number of verticals there. So let's bring shipment. She's reporter. She covers agricultural food water and fuel for Bloomberg news. Kim, just give us the update on kind of where we are with this potential strike and what are the insiders saying and how it might play out. Sure. Well, we know, you know, at this point, President Biden's done personally involved. There was a meeting this morning, of course, you know, everyone's pulling out all the stuff, you know, trying to make sure that it doesn't happen. But right now, we really don't have an indication of which way it's likely to go. You already have the railroad now it's been a couple days since we've heard that long distance distance passenger route in some cases are being cut and railroad starting today will stop picking up items like brain. This is a big, I mean, Kim, this is the big issue. I mean, I think one of the issues agriculture. I wasn't really aware of how much agricultural stuff actually travels by rail. So what's the farmers to do? This is harvesting. Let's just back up a second because my understanding is that there are many different railroads, many different kinds of train systems with many different purposes. You've got Amtrak, for example, which people take to go back and forth from Boston to Washington, D.C., and maybe stop in New York, right? And then you've got grain shipments out of the Midwest. You've got freight moving trucks around for GM and Toyota. Are these are all of these railroads using workers from one union or what's the deal? Can one strike derail, so to speak, all of these businesses? Well, you brought up Amtrak and the issue for passenger rail and then for some commuter trails, but out of the metro north or Long Island railroad. Right, although it is important to say that there's no indication that those would be affected. Those particular ones, although outside of Washington, D.C. and Virginia and mayor went, there are two that definitely would be affected Los Angeles, Chicago commuter line, definitely would be affected. And the reason for that and also and the reason for some of these Amtrak passenger rails is
Bloomberg Radio New York
"john tucker" Discussed on Bloomberg Radio New York
"We appreciate that. John Tucker with a Bloomberg business flash. So it seemed like technology is impacting just about every facet of life and that includes healthcare to dig into that a little bit. We welcome it. Did you prakash? CEO of virion. Did your thanks so much for joining us. Tell us what your company does and then we'll take it from there. Thank you guys. So we are actually designing drugs on the computer Adam Adam using molecular physics and then we use AI to follow up optimization optimization of these drugs and then we make them in the laboratory carry them for testing completely changing the kind of drugs you can come up with. Today, most of the drugs are found by trial and error on a small group of chemicals to come up with those future medicines. We need to be able to break out of the current mode. And that's what we've been building adversely on. I actually just watched last night I was watching a sweet documentary on LSD and Albert Hoffman in the I think early 60s or found it by accident. He was breaking down ergot into different components and accidentally got some LSD on his finger. And then he realized something really different is happening right now. But what kind of medicines you're working on medicines, although I guess psychedelics can be considered a medicine or they were at first before they were made bad by society. So what kind of medicines are you working on a DTO? So currently we have good programs across 7 different areas and actually we're just starting our H one. And within each program, we have multiple drug candidates where we have drugs for to prevent heart attacks and strokes that are some of the safest developed so far we have it in clinical trials now. And we have drugs to prevent vision loss and diabetes. That's one of the key ways that diabetes really debilitates people if somebody has diabetes long enough, there is a very high likelihood that they lose their eyesight. Now, we have three different cancer programs to attack cancer from multiple complementary angles, which is what's really needed to actually incline have truly effective medicines against cancer. And it's like those are pretty excited about when all of these mean for the future of medicine. But are you as focused on, I mean, are you more focused on the tool or the products? Because the AI, I guess, is kind of the exciting part. Well, actually, what we're building is the next generation pharma company. And yes, AI is exciting, but as with many other things in a long history of over a high technologies, AI certainly ranks at the top at the moment. Sometimes realities are a height. AI is a tool. It's a useful tool for many things. But it's not the core be all and end all of drug discovery. That's the problem that a lot of people investors to even BioPharma people whose core expertise is definitely not technology or AI, don't fully understand and they're easily swayed by words like in the future, everything is going to be done by AI. And drug discovery. Reality is, of course, very far from it. This reminds me a little bit of the what we have a situation we had during the dotcom boom. The late 1990s. The 52nd pet food store company that came along with the dos Khan name found investors lining up. To give them money. It worked there until it didn't. All right, did you so will this bringing technology into the drug development process more fully, is the expectation that will speed up the rate of drug discovery and approval? Yes, that is that is absolutely correct. And it's a whole suite of different technologies that are needed. When it comes to drug discovery, there are fundamental advancements in many different scientific arenas. AI is just one of those tools that will be integrated in various areas as well. And what is happening today is if you look at the headlong trend of the pharma industry. We have a declining rate of R&D productivity. People point out that, oh, the recently, the FDA is trying to do its job. They approved a bunch of drugs. For instance, last year, they approved 31 new so called small molecule drugs. These are the graphs you can take as a pill, they are small and can make them in the chemistry lab. Even distribute everywhere. They can go into any part of your body. This is the main set of modern medicine, right? And obviously 31, two of them were like imaging products. So they are not really Therapeutics. And one has already been removed from the market. All right, did you have to just we're going to have to just leave it there just because of time we'll get back to you and get the latest tier technology and drug development at Dietrich prakash CEO of Versailles right now, let's head down to Washington
Bloomberg Radio New York
"john tucker" Discussed on Bloomberg Radio New York
"I'm John Tucker in the Bloomberg notion of this Bloomberg business flash major averages all falling today. We are off the worst levels of the session, however, sentiment turning cautious. You had a number of Federal Reserve officials reiterating their resolve to continue hiking, interest rates, treasury yields they've tumbled. The dollar is headed for its biggest weekly rally since June of 2021. We have the S&P 500 lower. Could be a volatile session, we also have $2 trillion in options expiring today. S&P 500 fifty points lower, that's down 1.2% at 42 32. The down Jones Industrial average, 255 points lower. That's down three quarters of a percent at 33,000. 700 in 43 and the NASDAQ down 251 points, a decline of 1.9%. Check the markets every 15 minutes, I'm John Tucker. This is balance of power on Bloomberg television and radio. I'm David Weston. We want to keep you up to date with news from all around the world without return to Mark crumpton here with the first word. David, thank you. Russia's invasion of Ukraine is basically at a standstill. That's according to western officials who tell Bloomberg, the pace of the conflict has slowed. They say the question now is whether Ukraine can generate a credible counter attack in the fall. The assessment comes after a period in which Kyiv had been considering a counter offensive to retake a port city that Russian forces captured at the start of the war. London's subway network
Bloomberg Radio New York
"john tucker" Discussed on Bloomberg Radio New York
"Small business report I'm John Tucker Bankrupt companies are testing the boundaries of a relatively new form of chapter 11 filing formed to streamline restructuring for small businesses It highlights the laws loopholes debtors filing bankruptcy under sub chapter 5 of the bankruptcy code enacted by Congress in February of 2020 get access to certain benefits not available in an ordinary chapter 11 Those include debtors being able to keep equity and not having to deal with official creditor committees The attracted features intended to streamline restructuring for small business owners have led to bigger companies exploiting the loopholes such as using subsidiaries to get around debt limit requirements The laws also invited companies facing lawsuits like the right-wing conspiracy site InfoWars to seek streamlined relief from their litigating creditors And that's the Bloomberg small business report I'm John Tucker But I know about courage I learned from my adoptive mom She said sometimes you just gotta hold on And no we'll get through this Mom we are so high up Hold my hand No you hold my hand Here we go Learn about adopting a team from foster care You can't imagine the reward Visit adopt U.S. kids dot org to find out more I learned patience for my adoptive dad All he had to say was Hey you got this Just breathe Hey We're.
Bloomberg Radio New York
"john tucker" Discussed on Bloomberg Radio New York
"I'm John Tucker in the Bloomberg newsroom with this Bloomberg business flash The major averages have been bouncing between games and losses right now in the red so volatility continues to dominate markets stocks right now getting lower the latest jobs data cementing expectations the fed will remain on its rate hike path to find inflation and some P 500 retreating after briefly turning green All the major groups except for energy down today as oil hovers around a $110 a barrel and the tenure treasury yield right now topping 3% the ten year yield 3.08 that's a 5 basis points As far as the markets right now stock markets S&P 500 27 points lower the Dow down 211 the NASDAQ 112 points lower and that's your Bloomberg business flash This is balance of power on Bloomberg television and radio I'm David Weston to keep you up to date with news for all around the world We turn now to Mark crumpton here with the first word David thank you European Commission president Ursula von der leyen says finding unity on the proposed ban on Russian oil imports among the EU's 27 member states isn't easy and may take some days longer under the revised plan Hungary and Slovakia would get an extra year to comply The underlying told an audience in Germany today she's confident a deal will be reached Long divided left wing parties in France will march into upcoming legislative elections largely together The Socialist Party has.
Bloomberg Radio New York
"john tucker" Discussed on Bloomberg Radio New York
"Hi everybody I'm John Tucker Let's start today's program with Walt Disney earnings expected out this coming week and joining us now to talk about it get the rankin up and senior media analyst for Bloomberg intelligence Hey I get to look at the stock price the performance hasn't been great to put it mildly If you bought this at its march high as an investor you'd be down something like 29% What's going on Yeah there's really been this one two punch John So in terms of Disney the story really kind of rests on streaming and how well they can execute in terms of their streaming subscriptions And so what's happened is over the past few months their subscription gains have been kind of decelerating There's been a tremendous slowdown across the board We went from kind of the COVID bump to the COVID slum And so now investor confidence remains really tepid on the company's ability to kind of reach their fiscal 2024 subscriber targets So you have that on the streaming side and then with the parts and some of the legacy businesses we had a surge in omicron cases and so there were some renewed concerns there about whether the legacy businesses would really be able to make that come back Just a remind everybody the parks business that's a real money maker for Disney right Oh absolutely You have about 35% of operating income So about a third coming in from the park So it's a very important part of the whole business story Okay so is streaming the future though It really is And you know anytime the valuation of the company the stock price obviously everything kind of rests on streaming Most notably because that's really where the growth of the company is So if you kind of look at streaming subscriptions right now for Disney+ which is their marquee product it's about a 120 million subscribers but the ultimate goal is that this is a market globally which could reach a billion maybe a billion and a half and so that is really where all of the oomph and all of the bedazzle is As far as Disney is concerned So this finally drags on growth in any of these areas Besides what you just mentioned The streaming business is that growth is going to be pretty lumpy It's not going to be this linear nice smooth pattern And that's what management teams across all of these media companies have been telling us So with Disney initially we have some kind of adding 25 30 million subscribers a quarter and people kind of then just extrapolated that number And they said oh okay wow you know You can add like you know 50 60 million subscribers a year Boom they're going to achieve their subscriber targets even before 2024 And then you had them kind of come in last quarter and said that they added only 2 million subscribers Contrast that to about 20 million subscribers in the quarter before that And so it's really this uneven part of it will have to get used to but I think at the end of it.
Bloomberg Radio New York
"john tucker" Discussed on Bloomberg Radio New York
"Head to Washington and the political fights that are growing there I'm John Tucker This is Bloomberg From the states 7 iconic housewives from four different cities Look at this water We're gonna give them something to talk about Vacation in Turks and Caicos The party now The Real Housewives ultimate girl trip All episodes streaming now Only on peacock A gorgeous state didn't defend the governor's order To the Supreme Court The justice is unanimously reversed rulings by the 9th and tenth circuit June Grasso delivers your legal intelligence So why did the appellate division dismiss the complaints Bloomberg law President Biden's vaccine mandates are facing problems in the courts On Bloomberg radio the Bloomberg business app and Bloomberg radio dot com What is dedication The thing that drives me every day is a dad is very honor We call them odd day for short Every day he's hungry for something Whether it's attention affection knowledge And there's this huge responsibility in making sure that when he's no longer under my wing that he's a good person I think the advice I would give is you don't need to know all the answers The craziest thing was believing that your dad knew everything So as a dad you felt like you had to know everything You had to get everything right It's okay to make mistakes as long as it's coming from love then you know it kind of starts to work itself out I want him to be able to sit back one day and go We work together We did a good job That's dedication Find out more at fatherhood dot gov Brought to you by the U.S. Department of Health and Human Services and the ad council This is.
Bloomberg Radio New York
"john tucker" Discussed on Bloomberg Radio New York
"Oh, 61, San Francisco Bloomberg 9 16 to the country Sirius, XM, 1, 19 and around the Globe. The Bloomberg business has been Bloomberg Radio com. This is Bloomberg Markets all right, coming up we're going to with Jordan Jackson, vice president at Morgan Asset Management. What are we doing with these markets here, as they are at or near all time highs. Plus, we've had a big big Chinese regulatory crackdown on some of those big companies. Think. Alibaba JD dot com dd. Big issue for the investors in those companies and we talk China and talk to Leland Miller. He's the CEO of the China Beach book. He is our resident expert will chat with him first, Let's go to John Tucker and get a Bloomberg business Flash jump. Alright, Paul Math, the stocks are up. Bonds are down. You can call that risk on in today's market and to the sell off we saw yesterday the earnings reporting season begins next week. Going to start to hear from the banks on Tuesday ahead of that it's the financials that are leading stocks higher today. Bloomberg opinion columnist Mohamed El Erian says the move in yields can be pinned on technicals fundamentals as well as policy. There are headwinds to the overgrowth. I don't want to say that don't exist simply, but they don't justify the extent of the move and the levels that were at all right now yields they are higher for a change The 10 year at 1 34. That's a five basis point rise. 30 year long bond, also five basis points higher today at 1.97%. As the bond prices go down, still plenty to worry about the tension between the US and China continues to bubble. Washington has added Chinese entities to its economic blacklist over alleged human rights abuses. Disney shares their higher 3 70 share right now, just getting news that the black widow the ticket sales generated $22 million overseas markets. So they had 13.2 million of domestic previews. So that adds up to something of a record at the block box office for Black Widow We check the markets for you every 15 minutes during the trading day, right here in Bloomberg Radio. I'm John Tucker. That is your Bloomberg business. Flash Paul and.
Bloomberg Daybreak
10-year Treasury yield pulls back from recent highs
"Recent highs. John Tucker Bloomberg Daybreak. All right, John, thanks right now. Treasury yields are steady as investors await an auction of $38 billion in 10 years securities today, yesterday's offering the first in a string of many saw
Bloomberg Radio New York
"john tucker" Discussed on Bloomberg Radio New York
"It's 5 30 on Wall Street. Good morning. I'm Nathan Hager. And I'm Karyn Moscow. We're just about four hours away from the opening of us trading. Let's get you up to date on the news. You need to know what this hour U. S futures are higher a day before Joe Biden takes office as the 46th, president of the United States. The president elect arrives in Washington later today amid heavy security and military lockdown began more from Bloomberg's Derek Wall Bank. You're saying a security posture in the nation's capital that I have never seen before. It's gonna be very quiet. This year was going to be quiet before Cove it But now you've got barricades up, creating what is effectively a green zone. Outgoing President Trump has no plans to invite the Bidens to the White House before tomorrow's inauguration. Meanwhile, Bloomberg News has learned White House officials do not expect the president to pardon himself. We get more from White House correspondent Josh Wingrove have some legal headache going forward, but it doesn't look like you will do pardon for himself or his family. Instead, we do expect that they chunk apartment come on, including, you know, celebrities that sort of thing. President Trump has already issued pardons to several political allies and friends in the weeks since he lost re elect And on Capitol Hill, Treasury Secretary nominee Janet Yellen is expected to call for expensive government action to bolster the U. S economy. The former Fed sheer begins her Senate confirmation hearing today and as yelling addresses the economic fallout for the pandemic. The death toll is on the cusp of a grim milestone. Liberace. John Tucker joins us Live with that John and Nathan. The country is on track to surpass 400,000 coronavirus deaths as soon as today. Still, there are signs the daily cases in the US are coming off their highs. And trials to make sure vaccines are safe for the young. They're beginning. The University of Oxford is planning initial tests and 12 to 18 year olds next month. Fizer and Madonna started recruiting participants at the end of last year. But finding volunteers hasn't been easy. John Tucker Bloomberg daybreak. John. Thank you. And on Wall Street today, Big bank earnings continue coming up to get results from Goldman Sachs and Bank of America. And we hear from Netflix this afternoon again Futures this morning are on the rise S and P futures up. 25 points down features of 159. NASDAQ futures up 121 of the decks in Germany's up 2/10 of a percent 10 Year. Treasury down 7 30 seconds the 1.10% the yield on the two year 20.13% 9 Expert oil is up 2/10 Percent, or 10. Cents a 50 to 46 a barrel Go makes gold up 7/10 percent or $12.30. At 18 42 20 announce the euro 1.21 to 5 against the dollar, British bound 1.36 to 0 and the yen is at 104 and checking Bitcoin $37,131 straight ahead, your latest, the local headlines and a check of sports. This is Bloomberg. All right. Thank you. Carrot. It's 5 33 on Wall Street, and Michael Barr has.
Bloomberg Surveillance
Betsy DeVos, Education Secretary, is Second Cabinet Member to Resign
"Death. Resignations from the Trump Administration keep coming. Bloomberg's John Tucker reports. Education secretary Betsy Divorces, resigned the second member of Trump's Cabinet to quit over the riot. In a letter to the president, she said, impressionable Children are watching all of this and they're learning from us. Transportation Secretary Elaine Chao also stepped down child, the wife of Senate Majority Leader Mitch McConnell said the deadly riot quote as deeply disturbing in a way that I simply cannot set aside. John Tucker
Houston's Morning News
Dow futures extend losses, now down 250 points after weaker-than-expected retail sales
"Slimming down this morning as far as futures go after yesterday's record close The down the S and P 500, Wal Mart sales and revenue beating estimates. With U S E commerce sales jumping 79%. The company said it incurred $600 million in covert related expenses as well. And Home Depot plans to invest about Ah $1 billion in permanent compensation enhancements. Sales topped consensus at Home Depot at Airbnb is filed for an I P O also laid out whining losses and plunging revenue and Delta flew around US tariffs on his Airbus deliveries by basing them in places like Amsterdam. That kept them from being considered imports. And right now, the Dow Futures 219 points Lori S and P futures. They're down 24, but as taking many futures up 24 points right now, I'm John Tucker Bloomberg business of News radio's 7 40 ktrh.
Bloomberg Daybreak
Coronavirus: US daily infections hit all-time high in 44 states
"The pandemic has been front and center and as Americans head to the polls, the virus continues to surge in key battleground states. Bloomberg John Tucker joins US Live with the very latest, John Good Morning, and Karen Daily Infections have hit an all time high in 44 states. So have hospitalizations. Over the past week, Wisconsin posted America's third highest cases per capita Behind on Ly the Dakotas. 70 averages are at records in Iowa in Michigan State's that propelled Donald Trump to the presidency Four years ago. Weekly infections in Arizona are up 33%, Pennsylvania's They're up 30% and Florida's air higher by 22%. John Tucker Bloomberg Day.
Bloomberg Best
Small-business owners face an uncertain future ahead of 2020 election
"With the Bloomberg Small Business Report. I'm John Tucker brought to you by Del Small business. Small business Optimism rose by more than forecast in September and moved in line with pre pandemic levels, the other for sales and the economy improved. The National Federation of Independent Business Index of Sentiment just registered the strongest reading since February. At the same time, though, the Unified Bees uncertainty index rose, matching a three year high. That jump in uncertainty shows the path of the Corona virus and the lack of additional fiscal relief remain a big concern for small business owners. Bill Dunkelberg, the chief economist for the Unified B says some small businesses are still struggling financially to operate at full capacity while navigating state of local regulations and are uncertain about what will happen in the future. We'll still greater shares A small businesses plan to add workers boost capital spending. And build inventories, indicating firm show few signs of scaling back heading into the holidays. And that's the Bloomberg small business report.
Bloomberg Daybreak
UN - 85% of new infections, deaths coming from Europe and US
"Time deaths from the crown of virus continue to climb as the outbreak spreads in the U. S. and Europe for the very latest we're joined live by Bloomberg's John Tucker good morning John Pennington fatalities around the world are nearing nineteen thousand as infection surpassed four hundred thousand here in the U. S. there are fifty five thousand cases and eight hundred deaths nearly half of all the infections are in New York state meantime in Florida the National Guard to deploy to airports degree flights from New York the guard is mandating travelers from the state to self isolate and asking for information on where they plan to stay other visit I'm John Tucker Bloomberg
Bloomberg Daybreak
Coronavirus: Big jump in new cases, deaths declared as diagnosis method tweaked
"Morning a big jump in the number of coronavirus cases in China Bloomberg John Tucker's following the developments and joins us live good morning John good morning may for new cases of corona virus jump by fifteen thousand as who bay province revised its method for accounting infections total deaths in China have not risen past thirteen hundred there now sixty thousand cases worldwide and the biggest political fallout so far for the epidemic the Communist Party secretaries for who bay in the city of Wuhan were removed meantime an American who was brought home a state department flight from central China has become the fourteenth person with the infection in the
Rush Limbaugh
Your Market Minute
"Investors are cheering the latest trade agreement with China that's something bush stocks higher the S. and P. five hundred Dow Jones industrial average reached all time intraday highs markets received an added boost after the White House economic adviser Larry Kudlow promoted more tax cuts on the whole investors are largely ignoring disappointing quarterly results from Goldman Sachs and bank of America target shooters are taking a hit looks like it's cheap chic offerings missed the mark for the holidays slower digital sales and growth and a calendar shift with fewer days between thanksgiving and Christmas also contributing to the softness there general motors's delivering on one of the key promises made in its new labor contract the car maker is giving thirteen hundred temporary staffers full time status and for years marketers of use computer cookies to track would be customers now Google is authentic the advertising world with its decision to render cookies obsolete I'm John Tucker Bloomberg
Bloomberg Daybreak
Iran Says Retaliation Will Be 'Historic Nightmare' for U.S.
"Morning Aransas retaliation for the killing of its top general will be quote a historic nightmare for the U. S. the head of Iran's National Security Council is assessing thirteen scenarios to respond just **** Janaka sees director of economics at the golf research center what you're on is gonna most probably do is go ahead and do the proxy wars escalate all these proxy wars around the region to be it the whole see the Yemenis hitting on Saudi targets probably Saudi Aramco again this could escalate in many different ways but Iran should stay away from misleading US targets directly because then I believe the US is going to fall on an all out war against Iran Iran's foreign minister warns the US will suffer consequences at a time and place of a ranch choosing he also says the countdown has begun for America's exit from the Middle East I'm John Tucker Bloomberg daybreak night John thank you no predictions very on what form of retaliation from Iran would take but most analysts don't expect a direct conflict Steven cook a senior fellow for Middle East studies at the council on foreign relations people are getting a little carried away I don't believe that there's going to be a war in the desert of Iraq between the United States and Iran they will take their time and responding places of their choosing and they have capabilities ranging from cyber attacks to terrorist attacks to targeting Americans abroad whether it's in Europe or the Middle East there I think that the United States in American should be prepared that there will be retaliation but the idea that there's going to be regional war over this I think is the least likely result long term Steven cook says the most serious threat from Iran is tied to its nuclear program based on varying estimates they could have a nuclear weapon within a year to five years that is one of the real downside consequences of what the president has done they'd be easy retaliation on the part of your audience is to go forward with its nuclear program Iran also warns of a multi generational war if the Middle East continues to rely on an American presence in the
Bloomberg Daybreak
China says it will strive to reach 'phase one' trade deal with U.S
"So the only for trade talks remains clouded and complicated we get more from Bloomberg FX and rate strategist Richard Jones I think president trump's comments in that click were particularly telling because if he's saying that China isn't stepping up to the level that he wants that really does make it quite difficult to imagine a trade deal getting done justice phase one trade deal going down anytime soon I think the cautiously optimistic comments from China's chief trade negotiator is the kind of thing we've heard from both sides over the past month or so so it it really doesn't advance things and a fresh reports today that China is inviting US negotiators to Beijing for another round of talks a son for more details on that the next day to watch is December fifteenth when a fresh round of tariffs on Chinese goods is set to take effect all this makes for a lively few days in Beijing where the Bloomberg new economy form is under way US China relations taking center stage at that offensively birds John Tucker joins us live with details and highlights good morning John and they hop the biz among negotiations still of thing for psalm at the Bloomberg new account before we spoke with Goldman Sachs CEO David Solomon I think there's a good chance
Skimm'd from The Couch
Actress Brittany Snow Talks About Putting in the Work
"So today we are sitting down actress producer director and singer Brittany snow that is quite some very loose you're the best thing of the three of us yeah I don't know about that your knees bending public is the age of three with her breakout role at twelve on guiding light which Harley stayed home to watch weird facts but you may know her from her roles in films like John Tucker die someone great or our personal Britt pitch perfect one two and three with over twenty years of acting Brittany has recently transition into exploring work behind the camera her direct to`real debut premiered earlier this year and now we can't wait to watch her starring on Fox's new drama almost family which premieres on Wednesdays lactobacillus second at nine pm Eastern eight pm central so we are so excited to talk to you today welcome to thanks for having me everybody getting it from nervous I don't usually talk in front of or real audiences at all live of course you're live and so this is going to be a new thing and first thing in the morning yeah I'm ready I think so let's start off with just walk us through your resume you're acting you know we'll just get into it when you were twelve I actually my mom got me into it when I was a baby so I started when I was three I started you know I wasn't like for her saying my line is and things when I was three but I did commercials I did a TV show called seaquest when I was eight years old I played an alien child that was a big deal for me I still aww speak alien if anyone asks and then when I was twelve I got guiding light and I moved here to New York and then I flew from New York back home to Florida where I lived you school back and forth probably twice a week and then finished school in Florida and then did the soap opera and moved up to L. A.'s do American dreams when I was fifteen did that show for three years and then started doing films after that the Classic Film Pacifier was my first movie people study that in ah I hadn't very proud of it and then from there you know I just went on to do other crazy movies and yeah when you say school like what was that normal school I was in normal school so my parents had a great idea which now in hindsight it was terrible idea to keep me in school because they wanted me to be normal and go to school and learn with everyone else and then go to New York and beyond the soap opera in half to memorize forty pages of lines and do that and then fly back to Florida and then be able to be in school at the same time so I taught myself basically because the union in New York and soap operas didn't facilitate a tutor so yeah it was kind of one of those hectic three years of my life where I went back and forth that's ex- for you but like I'm so grateful for your work thank you i WanNa talk about what is not on your IMDB profile what should we know about you that's not there In terms of work or anything I write a lot I think a lot of people don't know that I have written a few screenplays and I only would never call myself a writer yet because until I actually get something out there and get one of these movies that I've written seen directed I'm not going to call myself a writer I really enjoy that medium and I think something that people would know about me is that I'm very afraid of public singing and public speaking I'm having a shy yeah I cannot sing in front of people it's one of those weird things that defective mine I'd just frees up how do you audition good question it's a good question because I pretty much every audition that I've had where I've had to sing it's been I don't know all I've gotten the part to be honest I go into another usually close your eyes and just do Pittsburgh audition I was auditioning for and Jason Moore the director later hold me when we were filming you were so nervous I don't know how you got through it because I was closing my eyes and shaking but I got through it I would never ever guess that music that you did that that's so interesting though because we talk a lot do you consider yourself an introvert or you just get really nervous in front of people when you're Brittany it's funny because this changes but I've done some research on this and when I've taken you know Karl Jong Quizzes and things like that I've I've always been an extrovert because I gain energy from being around bowl and helping people and I love the energy of others but at the same time I'm also an introvert so it's shifted from into my thirties I'm now much orbiting time about this all the time because I think our team has always shocked and I think our audience especially when we do this we are both interests and this is exhausting to us because it requires us to be extroverts to be here so I think the three of us should go to good I think it's an interesting thing as you think about your building career and how do you balance sort of what you have to do for work with who you are as a person and your me time like how do you store how have you figured out what works for you to sort of stay sane and all of that it's been an interesting road with that because since being in this business for so long I I've seen so many people that have grown up with get burnt out or exhausted and I think that a good thing that was instilled in me by parents so my friends is that it's okay to shut off and gain inspiration by not having to be on you know it doesn't mean that you're a bad person it just means that you need time for yourself and I have a great support system with not only people but also with tools that I use of spirituality and things that I get outside I self music and things like that that make me feel like I can recharge and be a good person to others because I definitely don't support the idea that you have to be off I mean to people in order to get some introverted time our tools are being antisocial unsleeping my fiance says that he's like you're morning person you're not a night person you're asleep person and I'm like I love we find so we wanna get into almost family because when you were researching and watching the trailer this is a scary and fascinating show the premise can you tell us a little bit about it and where the show came from right so this is a concept that was originally created and in Australia the show was called sisters but even before that I think a lot of people might have read in the paper on the paper history interwebs That this is actually a really prevalent story that people are going through where a fertility doctor has used on material to impregnate his patients and I think that because of the new age that we're in with ANCESTRY DOT COM and DNA testing twenty-three me regaining so much information knowledge about ourselves that we never had before and although that's overwhelming and exciting it's also stabilising and the scary and so this facility doctor in our story is being held accountable for his actions and within that there are three women who kind of have to find each other and realize that they're sisters I played Julia Beckley who seemingly is the only daughter of Leon Beckley the fertility doctor and find out that I have multiple siblings two of which are these women bad I get close to the story is so crazy I don't even know what what made you WanNa take this role well so when I was doing someone great one of my best friends jammed up I love Oh huge game favourite if you guys haven't seen it like you'll cry you'll feel all the field definitely yeah even the tough guys cry so my friend heard I've always been trying to work together in so many different capacities and she was like there's this Australian show sisters and they are bringing it to America and it's going to be for Fox and just keep I on it so I told my agents about this long ago and I've been tracking it forever and then I finally got the audition for it and I was like this is my part I had to really for because I was doing a movie in Dallas at the time and I put myself on tape and had to go to this really creepy place to audition for where we sent it to La knew that I wanted to be a part of it because it had a really interesting balance of levity and also depth and it really had a portrait about these three women that were complex and also really empathetic characters and the main thing I I really loved that Leon Beckley the fertility doctor who is my father you know a few ago this would have never been a story that could come out where a man falls from grace white doctor man who really gets held accountable for his actions and I wanted to be a part of something where my character was the is for the viewers and to what this man has done and also trying to create a new family for
Bloomberg Daybreak
Persian Gulf, Bloomberg John Tucker And Karen discussed on Bloomberg Daybreak
"Thank you oil extending gains this morning as tensions in the Persian Gulf remain high Bloomberg John Tucker joins us live with the very latest good morning John good morning Karen truly has been weighed down by concerns that demand is slowing with the focus is now shifting back to supply and geo political risks which make the prices higher for the
Armstrong and Getty
Chicago Police Superintendent Speaks Up About Jessie Smollett
"Police giving details about the arrest of empire actor jussie smollet the actor who's black and gay claimed he was assaulted by two masked men wearing pro President Trump hats who hurled racist and homophobic slurs at a very somber. Chicago police superintendent Eddie Johnson who is black opened up. His statement about the case saying he was angry denies I look out into the crowd. I just wish that the families have gun violence in this city got this much attention because that's who really deserves the amount of attention that we're giving to this particular incident. Johnson going into that brother Johnson going on to say this announcement today recognizes that empire actor jussie smollet took advantage of the pain and anger of racism to promote his career. Left hanging. My head and asking why? Why would anyone especially an African American man? Use the symbolism of a noose to make false accusations Johnson. He's a fool on nutjob. John Tucker Carlson's point on this is a lot of times, we get stuck in these things where we're standing up for the powerless in the you know, the people that are kept down. Here's a guy with millions of dollars these famous actor. He is not powerless. You're you're not coming to his rescue with this story. He's got he can hire lawyers. He can get attention. How about all those people that are murdered all the time in Chicago. They got no power. They can get no attention. They can hire. No lawyers. No protection. Same-day jussie smollet was perpetrating his hoax and trying to portray many good American people as horrific monsters. Are there was a terrible terrible hate crime against the Jewish man. I think he was in New York City that got zero attention zero obvious patently clear hate crime. But he wasn't a celebrity plus Jews there. According to the the left they're under suspicion these days. So yeah, got no attention whatsoever. The hypocrisy the layers of it is just astonishing Johnson thickening Johnson going on at that smollet stage the attack and center racist and homophobic, threatening letter to himself at the FOX studios before
Theresa May: Brexit will stop EU nationals 'jumping queue' ahead of non-EU workers
"Failure may be tied to California's deadliest fire. Bloomberg's John Tucker joins us live with details. Good morning, John. Good morning. Nathan the utility says in a filing with state regulators that a circuit and Butte county failed on November eighth. PG says there's been no determination of the cause. California's biggest utility has filed to incident reports says the fire began and about half its market value, roughly twelve billion dollars vanish. She had a little more than a week it. Previously told state regulators that URL inspection found damage to a transmission tower. John Tucker, Bloomberg daybreak. Thank you, John. The board of CVS is gearing up for talks to the Viacom and emerge could be announced to the next three to six months. That's according to the New York Post, which says Sherry Redstone, the vice chair of CBS and Viacom is considering three way merger that would include video game company. Take two interactive. Shares of apple or down one percent in early trading. That's after a Wall Street Journal reports said Apple's cut production orders in recent weeks for all free iphone models. It unveiled in September. And futures this morning are lower S and futures down five points. Dow futures down forty four NASDAQ futures down five ten year treasuries down six thirty seconds, yield three point. Oh, eight percent yield on the two year two point eight two percent. And straight ahead. We have the latest world and national news. This is Bloomberg. Thank you. Karen six. Oh,
Bloomberg Surveillance
Small-Business Confidence Stays at Near-Record High
"On small business confidence, John Tucker, where is the optimism. Now. This is from the NFL. I be the monthly survey owners do remain optimistic the small business owners here in the US. Their main index the NFL at edged down to one zero seven point four last month is still remains the record was one eight point eight so not much of a drop the bottom line. They're still optimistic. However, if you dig deeper into the survey. Yeah, you see signs of inflation. More owners say they're going to pass on the costs of hired labor costs intersex rumors by raising prices that is if they can find the labor out there because that remains a mung their chief concerns finding qualified candidates to hire. They're just not out there. This is the issue that really winds up and the small businesses they had to compete with the larger businesses. The larger businesses are winning because they can offer more in terms of pay voice said that started. Compensation? This cult called a small business started with President Reagan in the big companies really can compete. There
24 Hour News
Exclusive: Europe to tell G20 rising trade tensions can seriously hit global growth
"We begin with shares of tesla plunging more than ten percents in early trading after the securities and Exchange Commission said it's suing CEO Elon Musk for his August tweets about taking the company private Bloomberg's Bloomberg's John Tucker joins us live now with details. Good morning, John. Good morning, Bob. The SEC wants musk out it will request that a judge bar Mosk from serving as an officer or director of a public company saying Maas misled
Kentuckiana's Morning News
John Tucker, Sears and Goldie discussed on Kentuckiana's Morning News
"Time in three weeks after a measure of US inflation unexpectedly cooled off Sears shares. Surged twenty one percent post market for the company said its performance
Bloomberg Daybreak
ECB expected to stick to its policy stance amid steady inflation
"The Bank of England is forecast to keep rates unchanged while policy have said that limited and gradual hikes are needed in coming years. Unanimous vote is expected today. The decision is published at seven AM Wall Street time, followed by an ECB decision at seven forty five with details on that his pool Gordon in Frankfurt DZBB's latest economic forecasts as if to show slow growth because of trade tensions and importantly, the risks. A tilted to the downside that makes it tricky. If a policymakers to push on with their plans to phase out. How's it purchases this year, as communists and investors? Expect instead the governing council might point to a steady if slow inflation outlook and can choose to stick to his previous language. At the risk to growth, aren't facts, broadly, balanced and keeps it on track. Raise rights potentially late next