18 Burst results for "Joshua Stein"
Bloomberg Radio New York
"joshua stein" Discussed on Bloomberg Radio New York
"First one grandchild, and then a second grandchild, their private school commission, which is quite a big chunk of change. And the jurors saw those checks authorizing the payment by Trump and then later on when Trump became president, who took over Eric Trump and Donald Trump Jr.. So weisselberg testified, yep, there it was. I had to go to Eric and dawn and they signed the chat authorizing the payment for the private school tuition. And then during the closing arguments, the prosecutor actually argued that Trump knew exactly what was going on. Joshua Stein glass said, this whole narrative that Donald Trump is blissfully ignorant is just not real. Actually, with stunning because he got up at one point and he said, I'm going to argue now that Trump knew and defense got up there and said objection objection, there was an instruction that just got a speech in which not allowed to argue Trump knew because tops on indicted and exotic defense table. And the judge told them, well, you're the one who brought Donald Trump into this discussion. You kept saying he didn't know, well now the DA gets to argue to the jury what they have that he did know that you opened the door. So they basically fell into the trap of the judge now allowing the prosecutors to start arguing and show evidence. The prosecutors noticed Trump actually had an open door policy. He actually enjoyed talking to employees at the Trump corporation and hearing about what was going on at his company. Jeff mccarney could have blown the whistle at any time, yet he never went to Trump and said, your CFO is making me commit fraud. Your COO is also making me commit fought. This wasn't just McCann following orders. He wasn't just a soldier. He was a co-conspirator. And the other reason he didn't walk down the hall to blow the whistle is because he undoubtedly knew what you almost already at least suspect that Donald Trump knew exactly what was going on with his top executive. And that was a pretty dramatic moment. Brag now says that the investigation is continuing and this trial is just one chapter in it, but he had dropped the ball on the prosecution of Trump, and that was very well publicized. Now he's back on track? Well, he has insisted throughout this entire time period and also in the middle of the turmoil and controversy over the quitting of these two senior prosecutors who were doing this Trump investigation. Now that Trump investigation allegedly also involved Trump's valuation of assets and inflating of his assets as part of this $250 million loss that's been brought by the New York attorney general with tisha James. I guess we'll see if they bring a case in the future. Thanks, pat. That's Bloomberg, legal reporter Patricia Herta. Coming up next on the Bloomberg long show, what do Jack Daniels a squeaky dog toy and Ginger Rogers have in common? I'm June gros on your listening to Bloomberg. Powered by missed your favorite Bloomberg radio show, Bloomberg businessweek, masters in business, Bloomberg intelligence, and more are also available as podcasts. Listen today on Apple Spotify and anywhere else you get your podcasts. New York City police department is identifying the suspect in a New Year's Eve
Bloomberg Radio New York
"joshua stein" Discussed on Bloomberg Radio New York
"Of the biggest legal issues over the past year. I'm June Grasso. For the first time, a Trump business has been convicted of criminal conduct. After a monthlong trial, a New York jury convicted the Trump corp and Trump payroll corp of all 17 counts against them, including a scheme to defraud conspiracy, criminal tax fraud and falsifying business records. Manhattan district attorney Alvin Bragg took a victory lap on CNN. It's consequential. I'm gonna have the namesake company of a former president of the United States held accountable by a jury by way of a criminal conviction. At trial prosecutors proved a scheme that allowed executives such as former chief financial officer Allen weisselberg to evade taxes on company paid perks, including free apartments and luxury cars for more than a decade. And then when we look at the conduct here, tax fraud, but really it's cheating, it's lying, it's greed. Joining me is Bloomberg, legal reporter, Patricia Herta, who covered the trial. Pat tell us about some of the evidence that convinced the jury. The evidence showed that the employees, including many high ranking executives, dot Kirk, and I'm talking about the company's CFO, Alan weisselberg, the chief operating officer, Matthew calamari, senior, many of these men. They would get perks like apartments that the company would pay for that the employees didn't pay taxes on. Many of them got his and her Mercedes Benz for themselves and their wives. Many of them got parking paid for in their apartment building as well as their car licenses and registration carries forward. They never pay taxes on. Many of them even like rifle Burke got flat screen CDs and furnished his Florida condo with furniture and with carpeting from APC carpet. You know, it was a very nice way of living if you were a Trump executive, you got these Kirk and the Nate claimed they were quote unquote backing them out of their salary. So they would get like a $100,000 worth of perks, but they were getting them deducted from their salary. And then they were not paying state and federal taxes. Tell me about weisselberg's testimony because he was the prosecution star witness, but it sure seemed like he was reluctant to be there. Yeah, I mean, basically the prosecutors elicited that weisselberg as well as the current company controller. They're all on the Trump payroll. They're still being paid. They're still on the books as employees. Weisselberg hopes to collect his annual bonus of another $400,000 at the end of this year. The DA was arguing they were behold and still to the Trump company and wanted it inflicted little damage upon their employer. The Trump organization. So they were very careful in what they said, especially weisselberg, who has an agreement. It was in a cooperation agreement with the DA per se. It was just an agreement to testify truthfully. So both sides tried to elicit testimony from him that supported their case. What's the likely sentence? Well, both of the companies now face what is estimated to be a grand total of $1.6 million in fines for not having their employees pay these taxes and for being convicted. Some may say, well, that's paltry for a company like Trump or why does it matter? But it's a huge paint on the good name and goodwill of the company. That belongs to the former president. He obviously was tweeting about it and complaining that he knew nothing of this fraud. Some people are suggesting to us that it may make it more difficult for the company to do business because some lenders and possibly partners may not want to do any business anymore with the Trump board and its entities because of this conviction. Because why would you want to do business with a felon? In a statement, Trump said that this was all about Alan weisselberg, committing tax fraud on his own for himself. He and every witness repeatedly testifying that president Trump and the Trump family knew nothing about his actions, but pat wasn't their evidence at trial that Trump knew about the scheme, signed checks. They showed ledger or memos where Trump was personally okaying certain bonus payments and you saw his signature in an initial with a black sharpie okay, these payments you saw him approving certain executives getting car leases. There were three employees that testified for the prosecutor and the testimony showed that basically Donald Trump had to and did approve and sign every check over $2500. So when you start thinking about what would a Donald Trump see and what came across his death, that's obviously many of these payments like including payments to these leases for these Mercedes Benz were approved by Donald Trump. There was also evidence that show he had had conversations with weisselberg about getting them apartment for him paid for by the Trump corporation. So there were many indications that Trump knew and the amazing moment at the trial. For days repeatedly, the defense had solicited questions that Donald Trump know, no, he didn't know whether a witness would answer. And then the DA had evidence selling Donald Trump had signed something or approved something or sanctioned something for conversations like he had with weisselberg. We said, you should have an apartment. Your wife's not there. It's terrible for you to go home to a cold house in Long Island. It's such a long time for you to be on the Long Island railroad home. So why don't you get in an apartment in Manhattan and you can work longer hours, so different conversations that witnesses cited indicating Donald Trump personally now. And Donald Trump was personally paying for twice a first one grandchild, and then a second grandchild, their private school commission, which is quite a big chunk of change. And the jurors saw those checks authorizing the payments by Trump. And then later on when Trump became president, who took over Eric Trump and Donald Trump Jr.. So weisselberg testified, yep, there it was. I had to go to Eric and dawn and they signed the check. Authorizing the payment for the private school tuition. And then during the closing arguments, the prosecutor actually argued that Trump knew exactly what was going on. Joshua Stein glass said, this whole narrative that Donald Trump is blissfully ignorant is just not real. Actually, with stunning because he got up at one point and he said, I'm going to argue now that Trump knew and defense got up there and said, objection, if you actually, there was an instruction that your prosecution was not allowed to argue Trump knew because Trump saw indicted an exotic defense table. And the judge told them, well, you're the one who brought Donald Trump into this discussion. You kept saying he didn't know, well now the DA gets to argue to the jury what they have that he did know that you opened the door. So they basically fell into the trap of the judge now allowing the prosecutors to start arguing and show evidence. For prosecutors noted, Trump actually had an open door policy. He actually enjoyed talking to employees at the Trump corporation and hearing about what was going on at his company. Jeff mccarney could have blown the whistle at any time, yet he never went to Trump and said, your CFO is making me commit fraud. Your COO is also making me commit fought. This wasn't just makani following orders. It wasn't just the soldiers. He was a co-conspirator. And the other reason he didn't walk down the hall to blow the whistle is because he undoubtedly knew what you almost already at least that Donald Trump knew exactly what was going on with his top executive. And that was a pretty dramatic moment. Right now says that the investigation is continuing and this trial is just one chapter in it, but he had dropped the ball on the prosecution of Trump, and that was very well publicized. Now he's back on track? Well, he has insisted throughout this entire time period and also in the middle of the turmoil and controversy over the
Bloomberg Radio New York
"joshua stein" Discussed on Bloomberg Radio New York
"Personally now. And Donald Trump was personally paying for twice a first one grandchild. And then a second grandchild, their private school commission, which is quite a big chunk of change. And the jurors saw those checks authorizing the payment by Trump. And then later on, when Trump became president, who took over, Eric Trump and Donald Trump Jr.. So weisselberg testified, yep, there it was. I had to go to Eric and Don, and they signed the check. Authorizing the payment for the private school tuition. And then during the closing arguments, the prosecutor actually argued that Trump knew exactly what was going on. Joshua Stein glass said, this whole narrative that Donald Trump is blissfully ignorant is just not real. Actually, with stunning because he got up at one point and he said, I'm going to argue now that Trump knew and defense got up there and said, objection, if you actually, there was an instruction that your classification was not allowed to argue Trump knew because Trump's not indicted and he's not at the defense table. And the judge told them, well, you're the one who brought Donald Trump into this discussion. You kept saying he didn't know, well now the DA gets to argue to the jury what they have that he did know that you opened the door. So they basically fell into the trap of the judge now allowing the prosecutors to start arguing and show evidence. The prosecutors noted Trump actually had an open door policy. He actually enjoyed talking to employees at the Trump corporation and hearing about what was going on at his company. Jeff mccarney could have blown the whistle at any time. Yet he never went to Trump and said, your CFO is making me commit fraud. Your COO is also making me commit fought. This wasn't just makani following orders. He wasn't just a soldier. He was a co-conspirator. And the other reason he didn't walk down the hall to blow the whistle is because he undoubtedly knew what you almost already at least suspect that Donald Trump knew exactly what was going on with his top executive. And that was a pretty dramatic moment. Did Manhattan DA Alvin Bragg is taking victory laps, but the question is, with all this evidence, why didn't he prosecute Trump here? That's a great question and a colleague of mine. Try to ask brag that question after the verdict, the 17 count in just a mere ten hours of deliberation. Don't you have any regrets about not pursuing a case against Donald Trump? In this case, too. And he walked out. And would not answer that. Bragg now says that the investigation is continuing and this trial is just one chapter in it, but he had dropped the ball on the prosecution of Trump, and that was very well publicized. Now he's back on track? Well, he has insisted throughout this entire time period and also in the middle of the turmoil and controversy over the quitting of these two senior prosecutors who were doing this Trump investigation. Now that Trump investigation allegedly also involved Trump valuation of assets and inflating of his assets as part of this $250 million lawsuit that's been brought by the New York attorney general with tisha James. So those two prosecutors, including one, Mark pomeranz, or seasoned former federal prosecutor, and he gave an interview in a podcast where he said of Trump and anybody else, John Doe, Trump would have been indicted. But that they wouldn't pull the trigger on him. He basically alleged that Bragg lost his will. And it seemed like all was given up because they've only indicted Alan weisselberg and the company in this tax rock case. And they did not bring a criminal case against Donald Trump's for his family for the valuation of assets. I guess we'll see if they bring a case in the future. Thanks, pat. That's Bloomberg legal reporter Patricia Herta, coming up, the Supreme Court may limit public corruption prosecutions. This is Bloomberg. The best of Bloomberg businessweek every business day. Sales activity soaring. The Bloomberg business week podcast with Carol messer and Bloomberg quick takes ten ten of them. What is an
Bloomberg Radio New York
"joshua stein" Discussed on Bloomberg Radio New York
"You to go home to a cold house in Long Island. It's such a long time for you to be on the Long Island railroad home. So why don't you get in an apartment in Manhattan and you can work longer hours, so different conversations that witnesses cited indicating Donald Trump personally now. And Donald Trump was personally paying for twice a first one grandchild, and then a second grandchild, a private school person, but you're quite a big chunk of change. And the jurors saw those checks authorizing the payment by Trump. And then later on when Trump became president, who took over Eric Trump and Donald Trump Jr.. So weisselberg testified, yep, there it was. I had to go to Eric and dawn and they signed the check. Authorizing the payment for the private school tuition. And then during the closing arguments, the prosecutor actually argued that Trump knew exactly what was going on. Joshua Stein glass said, this whole narrative that Donald Trump is blissfully ignorant is just not real. Actually, with stunning because he got up at one point and he said, I'm going to argue now that Trump knew and defense got up there and said, objection, if you actually, there was an instruction that you're not a patient at which not allowed to argue Trump knew because chomped on indicted and he's not at the defense table. And the judge told them, well, you're the one who brought Donald Trump into this discussion. You kept saying he didn't know, well now the DA gets to argue to the jury what they have that he did know that you opened the door. So they basically fell into the trap of the judge now allowing the prosecutors to start arguing and show evidence. For foster care noted, Trump actually had an open door policy. He actually enjoyed talking to employees at the Trump corporation and hearing about what was going on at his company. Jeff mccarney could have blown the whistle at any time. Yet he never went to Trump and said, your CFO is making me commit fraud. Your COO is also making me commit fought. This wasn't just McCann following orders. He wasn't just a soldier. He was a co-conspirator. And the other reason he didn't walk down the hall to blow the whistle is because he undoubtedly knew what you almost already at least that Donald Trump knew exactly what was going on with his top executive. And that was a pretty dramatic moment. Did Manhattan DA Alvin Bragg is taking victory laps, but the question is, with all this evidence, why didn't he prosecute Trump here? That's a great question and a colleague of mine. Try to ask Bragg that question after the verdict, the 17 count in just a mere ten hours of deliberations. Don't you have any regrets about not pursuing a case against Donald Trump? In this case, too. And he walked out. And would not answer that. Brad now says that the investigation is continuing and this trial is just one chapter in it, but he had dropped the ball on the prosecution of Trump, and that was very well publicized. Now he's back on track? Well, he has insisted throughout this entire time period and also in the middle of the turmoil and controversy over the quitting of these two senior prosecutors who were doing this Trump investigation. Now that Trump investigation allegedly also involved Trump's valuation of assets and inflating of his assets as part of this $250 million loss that's been brought by the New York attorney general with tisha James. So those two prosecutors, including one, Mark pomeranz, or seasoned former federal prosecutor, and he gave an interview in a podcast where he said if Trump done anybody else, John Doe, Trump would have been indicted. But that they wouldn't pull the trigger on him. He basically alleged that Bragg lost his will. And at seeing like all was given up because they've only indicted Alan weisselberg and the company in this tax rock case. And they did not bring a criminal case against Donald Trump for his family for the valuation of assets. I guess we'll see if they bring a case in the future. Thanks, pat. That's Bloomberg, legal reporter Patricia Herta, coming up. The Supreme Court may limit public corruption prosecutions. This is Bloomberg. The best of Bloomberg businessweek every business day. Sales activity soaring. The Bloomberg businessweek podcast with Carol messer and Bloomberg quick takes two instead of it. What is an apple developed car look
Bloomberg Radio New York
"joshua stein" Discussed on Bloomberg Radio New York
"So weisselberg testified, yep, there it was. I had to go to Eric and dawn and they signed the check. Authorizing the payment for the private school tuition. And then during the closing arguments, the prosecutor actually argued that Trump knew exactly what was going on. Joshua Stein glass said, this whole narrative that Donald Trump is blissfully ignorant is just not real. Actually, with stunning because he got up at one point and he said, I'm going to argue now that Trump knew and defense got up there and said objection objection there was an instruction that could cause patients with not allowed to argue Trump knew because Trump saw him indicted and exotic defense table. And the judge told them, well, you're the one that brought Donald Trump into this discussion. You kept saying he didn't know, well now the VA gets to argue to the jury what they have that he did know that you opened the door. So they basically fell into the trap of the judge now allowing the prosecutors to start arguing and show evidence. The prosecutors noted Trump actually had an open door policy. He actually enjoyed talking to employees at the Trump corporation and hearing about what was going on at his company. Jeff mccarney could have blown the whistle at any time. Yet he never went to Trump and said, your CFO is making me commit fraud. Your COO is also making me commit fought. This wasn't just makani following orders. He wasn't just a soldier. He was a co-conspirator. And the other reason he didn't walk down the hall to blow the whistle is because he undoubtedly knew what you almost already at least suspect that Donald Trump knew exactly what was going on with his top executives. And that was a pretty dramatic moment. Did Manhattan DA Alvin Bragg is taking victory laps, but the question is, with all this evidence, why didn't he prosecute Trump here? That's a great question and a colleague of mine tried to ask brag that question after the verdict, the 17 count in just a mere ten hours of deliberations. Don't you have any regrets about not pursuing a case against Donald Trump? In this case, too. And he walked out. And would not answer that. Brag now says that the investigation is continuing and this trial is just one chapter in it, but he had dropped the ball on the prosecution of Trump, and that was very well publicized. Now he's back on track? Well, he has insisted throughout this entire time period and also in the middle of the turmoil and controversy over the quitting of these two senior prosecutors who were doing this Trump investigation. Now that Trump investigation allegedly also involved Trump valuation of assets and inflating of his assets as part of this $250 million lawsuit that's been brought by the New York attorney general with Tasha James. So those two prosecutors, including one, Mark pomeranz with seasoned former federal prosecutor and he gave an interview in a podcast where he said of Trump and anybody else, John Doe, Trump would have been indicted. But that they wouldn't pull the trigger on him. He basically alleged that Bragg lost his will. And seemed like all was given up because they've only indicted Alan weisselberg and the company in this tax rock case. And they did not bring a criminal case against Donald Trump's for his family for the valuation of assets. I guess we'll see if they bring a case in the future, thanks, pat. That's Bloomberg, legal reporter, Patricia Herta, coming up, the Supreme Court may limit public corruption prosecutions. This is Bloomberg. The markets in
77WABC Radio
"joshua stein" Discussed on 77WABC Radio
"During the breaks. Let me ask you a question. On this decision by this jury in Manhattan. On the Trump corporation. That benefits were given to the chief financial officer. In taxes weren't paid. Benefits that may be over a $1 million, maybe 1.5, 1.7 million, something to that effect. Corner of the prosecution. Let me ask you a question. I'm serious about this. Why would a company as large as the Trump organization? The multi-billion dollar company. Why would it go out of its way? Not to pay those taxes, mister Medici. It's paying federal income taxes its paying state income taxes its paying payroll taxes. It's got thousands of employees, it's got a counting up the wazoo, most of whom are reporting to this CFO. But why would Donald Trump and the Trump children say, you know what? Let's not pay those taxes. We'll pay all the other taxes, but not pay the taxes for the kids private school. Isn't that ridiculous? Isn't this whole thing ridiculous like the documents? They wouldn't. Again, in the closing argument, even though Donald Trump was not on trial, this prosecutor acting for Alvin Bragg, the radical leftists who got his seat thanks to Soros. Went on and on about Donald Trump. Even though weisselberg's testimony to CFO did not implicate Trump, or his children, the prosecutor Joshua Stein glass told the jury that Trump explicitly sanctioned quote unquote tax fraud and urged them to reject the defense's argument that former Trump organization CFO weisselberg was a rogue employee motivated by his own personal greed. He said the whole narrative that Donald Trump is blissfully ignorant is just not true. Now, Trump's not there. The companies being defended, but it doesn't add up. It doesn't make any sense. The company's paying federal income taxes, state income taxes, property taxes, business taxes, the company's reporting, whatever it pays to its subcontractors and contractors. The companies reporting and making payroll taxes. But in this case, there they all collude. The Trump family. To prevent and how much would it be in taxes? Half a $1 million? Now that's a lot of money. Don't get me wrong, but in the big scheme of thing in a multi-billion dollar company, it's not. You got to look at it logically. It doesn't even make sense. Just like, oh, Trump took documents. They have the nuclear codes on them when they're nuclear this. And look, and he's got Kanye West there. And this other guy, what does that? And he's got these documents there that are in the same place. What do you make of that? Nothing. Don't make anything of that. Oh, we got them now. And now we're going to subpoena all the state representatives. If this isn't a Stasi operation, I don't know what is. They tried to take Trump out, Washington did. Before he was elected, they tried to take him out during the campaign, they tried to take him out after the campaign. And now they think they got him. Now they think they have him. Those 6 years of tax returns, Congress is not going to use them the legislate for the reasons I told you. This Democrat Congress won't be around long enough in the house. So they'll leak them. What else will they do with them America? They'll give them to the various prosecutors. They'll give them to the Soros guy in Manhattan. They will give him to the U.S. attorney's office because it's pile on time. This is why I get so furious. If you believe in justice, equal justice. If you believe the government's completely out of control, and that it's run by the Democrats, the damage Trump, or the damage Republicans, or conservatives, then you have to be concerned about this. He just can't close your eyes to it and blow it off. In the media are not properly covering it and they have no intention of doing it. None. But why would they go out of their way? Not to pay for this company and measly amount of taxes. It's a measly amount of taxes. With knowledge. When they pay a fortunate taxes over the course of 13 years, they're talking about 13 years. 13 years, the CFO got 1.7 or whatever it is, I may be off slightly, but not a lot. 13 years. Which amounts to what? Hundred $150,000 a year. So they're going out of their way, exposing themselves, not to pay taxes on it. Seriously, I would also like to know how many of these prosecutors assistant prosecutors, how many of their people and so forth. How many of them? How many of them report the use of government vehicles? Did Bill Barr report the use of government vehicles and pay taxes on them as attorney general? Is there some kind of a protection there? How about Eric holder? How about Bragg? How about graves the U.S. attorney in Washington? About Jack Smith. The war crimes hunter. Yeah, we got the best guy the war crime center. Rebuke by the Supreme Court. 9 to zero. America. What's on your Christmas list this year is it made in China? Made in
Bloomberg Radio New York
"joshua stein" Discussed on Bloomberg Radio New York
"It's critical that Democrats win the Georgia runoff election, the president joined union workers in Boston, who were fundraising for Georgia democratic senator Raphael Warnock, Biden called Warnock a man of character and stressed the importance of a 51 seat majority. The president is approving a bill designed to prevent a national railroad strike. Our nation's rail system is literally the backbone of our supply chain as you all well know and so much of what we rely on is delivered on our rail. The president signed the bill at The White House Friday, the measure force is a deal between freight railroads and their unions averting at December 9th shutdown. Prosecutors in the Trump organization's tax fraud trial say the company benefited heavily on its scheme, enclosing arguments, prosecuting attorney Joshua Stein glass, said the company paying executives off the books for 15 years helped it keep salaries down and reduce payroll taxes. He argued the organization also used that scheme to move tax deductions to other entities. I'm Brad Steven. And I'm Susanna Palmer in the Bloomberg newsroom. I'll shake up in the state attorney general's office, Ibrahim Khan, the chief of staff to New York State attorney general, letitia James, has resigned amid misconduct allegations the matter involves at least two sexual harassment allegations according to The New York Times, which quotes three sources. James hired a law firm to investigate the allegations. On Friday the times reports, the now former chief of staff Khan, defended himself in a statement and said he had planned to leave by December 31st. He said his departure was unrelated to an investigation which found in no official workplace misconduct a spokeswoman for James office did not immediately respond to a request to confirm that to the times. New York State health commissioner doctor Mary Bassett has submitted her resignation after a little more than a year on the job as we hear from Bloomberg's Charlie pellet. Governor Kathy hochul, who begins her first full four year term in office January 1st, will be charged with replacing Bassett. The 70 year old basset is the state's first black health commissioner, she is leaving the department effective January 1st and returning to the Harvard Chan school of public health. Bloomberg's Charlie pellet, former treasury secretary Larry summers warned that the Federal Reserve will probably need to raise interest rates more than markets are currently expecting thanks to stubbornly high inflationary pressures, and that includes increasing wages as seen in Friday's employment report. The best single measure of core underlying inflation is to look at wages what this is telling us is that the feds got a long way to go. Summers was interviewed on Bloomberg's Wall Street week with David Weston. Interest rate future suggests traders expect the fed to raise rates to about 5% by May 2023. The fed funds target is currently in a range of 3.75 to 4%. Global news, 24 hours a day on air and on Bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. I'm Susanna Palmer. This is Bloomberg. This is Bloomberg Wall Street week with David Weston from Bloomberg radio. Credit, it's what makes the business world go round, and years of fiscal and monetary stimulus have made sure there's plenty of credit to go around. But now the fed and other central banks would like there to be just a little less lending so we can get inflation down. History cautions strongly against prematurely loosening policy, but we will stay the course until the job is done. Which is hitting deals, particularly when it comes to private equity. What affects dealmaking is uncertainty. Uncertainty is the enemy of deal making. But it turns out that as the government regulates lending from the banks more, the world of private credit has exploded. The more you regulate parts of the financial system, the money tends to flow to the unregulated parts of the financial system. Having all that credit going on outside of the regulated part of the economy is not ideal. But that leaves the question whether private credit will be able to step in as the banks pull back. Private credit is really important, but private credit has also pulled back a little bit, not because of the availability of financing or because they are stuck with bad loans like some of the large banks are. But because of the enormous uncertainty. And to take us into
AP News Radio
Prosecution resumes closing argument at Trump Org. trial
"Prosecutors are telling a New York City jury that Donald Trump did know about a tax avoidance scheme being used by his real estate company. In closing arguments to the jury assistant Manhattan district attorney Joshua Stein glass, said Donald Trump knew exactly what was going on with his top executives at the Trump organization. Two of them are accused of helping executives avoid paying income taxes on company perks. Like pricey cars in Manhattan apartments wanted admitted to fraud and is cooperating with the government. Trump organization lawyers deny any wrongdoing, they say longtime finance chief Allen weisselberg was only out to benefit himself, neither Trump nor any family members are accused in the fraud case. I'm Jackie Quinn
Bloomberg Radio New York
"joshua stein" Discussed on Bloomberg Radio New York
"I'm Susanna Palmer in the Bloomberg newsroom. During jury selection, prosecutors said some witnesses for the prosecution in the criminal tax fraud case against the Trump organization won't meet with the district attorney's office. The story from Bloomberg's Charlie pellet. Prosecutor Joshua Stein glass made the statement in front of prospective jurors in New York State Supreme Court in Manhattan, prompting the defense to object and the judge to dismiss the potential jurors from the courtroom for a hearing outside their presence. The defense lawyers complained that spine glass had gone too far in telling the jury prospects that Trump employees could be reluctant witnesses. Bloomberg's Charlie pellet. Brazilian president jair Bolsonaro and former president Luis in asio Lula da Silva made their final appeals for support ahead of tomorrow's presidential runoff in Brazil. The top U.S. derivatives regulator is poised to deny a plan that could let Americans bet on politics ahead of next month's elections commodity futures trading commission staff have recommended that the agency reject a bid by the exchange Kelsey Inc to offer contracts that would let people wager $25,000 on which party will control Congress. That, according to people with knowledge of the matter. New York regulators failed to do all they could to sideline a poorly maintained stretch limousine that you'll remember Korean to down a hill and crashed in 2018, killing 20 people that, according to a state watchdog, stayed inspector general Lucy Lang released a report last night echoing federal regulators who concluded in 2020 that the Department of Transportation and department of motor vehicles fell short in their oversight of the limousine, which crashed into a shallow ravine in west Albany, New York on October 6th of 2018. Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries. I'm Susanna Palmer. This is Bloomberg. This
Bloomberg Radio New York
"joshua stein" Discussed on Bloomberg Radio New York
"Going back out on tour after unveiling a new album. It's called Queen of me, it'll come out in early February, and she'll follow that up with a tour that begins in late April, she'll start out on the West Coast before going all around the country, and even overseas. Dolly Parton is working on new music on Friday, the singer announced that while her touring days are behind her, she still plans on giving occasional special shows in the future, so fans have a chance to see her live, Parton also said she's working on a rock album prior to her upcoming induction into The Rock and Roll Hall of Fame, which she'll join on November 5th. She said there's no better time to do it than now in hopes to get some rock legends singing along with her on the album. I'm Kris Karachi. And I'm Susanna Palmer in the Bloomberg newsroom. During jury selection, prosecutors said some witnesses for the prosecution in the criminal tax fraud case against the Trump organization won't meet with the district attorney's office. The story from Bloomberg's Charlie pellet. Prosecutor Joshua Stein glass made the statement in front of prospective jurors in New York State Supreme Court in Manhattan, prompting the defense to object on the judge to dismiss the potential jurors from the courtroom for a hearing outside their presence. The defense lawyers complained that Stein glass had gone too far in telling the jury prospects that Trump employees could be reluctant witnesses. Bloomberg's Charlie pellet, Brazilian president jair Bolsonaro and former president Luis in asio Lula da Silva made their final appeals for support ahead of tomorrow's presidential runoff in Brazil. The top U.S. derivatives regulator is poised to deny a plan that could let Americans bet on politics ahead of next month's elections commodity futures trading commission staff have recommended that the agency reject a bid by the exchange Kelsey Inc to offer contracts that would let people wager $25,000 on which party will control Congress. That, according to people with knowledge of the matter. New York regulators failed to do all they could to sideline a poorly maintained stretch limousine that you'll remember Korean to down a hill and crashed in 2018, killing 20 people. That, according to a state watchdog, state inspector general Lucy Lang released a report last night echoing federal regulators who concluded in 2020 that the Department of Transportation and department of motor vehicles fell short in their oversight of the limousine, which crashed into a shallow ravine in west Albany, New York on October 6th of 2018. Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries. I'm Susanna Palmer. This is Bloomberg
Bloomberg Radio New York
"joshua stein" Discussed on Bloomberg Radio New York
"Official is offering U.S. support to South Korea after nearly 150 people were killed and more than 150 others injured in a mass stampede at a Halloween festival. National security adviser Jake Sullivan called the reports coming out of Seoul, heartbreaking. He added the U.S. stands ready to provide any support the country may need. President Biden is casting his early election ballot in his home state of Delaware in brief remarks outside the polling place today Biden condemned any type of political violence following Friday's attack on House speaker Nancy Pelosi's husband, Biden was joined by his 18 year old granddaughter Natalie, who was the first time voter. Former president Obama is urging Americans to get out and vote in the midterm elections. Speaking at a democratic rally in Detroit, Michigan today, Obama noted an election requires everyone to do their part. Obama is among the political heavy hitters working to rally Democrats before the midterm elections. That's the latest I'm Julie Ryan. And I'm Susanna Palmer in the Bloomberg newsroom. During jury selection, prosecutors said some witnesses for the prosecution in the criminal tax fraud case against the Trump organization won't meet with the district attorney's office. The story from Bloomberg's Charlie pellet. Prosecutor Joshua Stein glass made the statement in front of prospective jurors in New York State Supreme Court in Manhattan, prompting the defense to object on the judge to dismiss the potential jurors from the courtroom for a hearing outside their presence. The defense lawyers complained that spine glass had gone too far in telling the jury prospects that Trump employees could be reluctant witnesses. Bloomberg's Charlie pellet. Brazilian president jair Bolsonaro and former president Luis in asio Lula da Silva made their final appeals for support ahead of tomorrow's presidential runoff in Brazil. The top U.S. derivatives regulator is poised to deny a plan that could let Americans bet on politics ahead of next month's elections. Commodity futures trading commission staff have recommended that the agency reject a bid by the exchange Kelsey Inc to offer contracts that would let people wager $25,000 on which party will control Congress. That, according to people with knowledge of the matter. New York regulators failed to do all they could to sideline a poorly maintained stretch limousine that you'll remember Korean to down a hill and crashed in 2018, killing 20 people. That, according to a state watchdog, state inspector general Lucy Lang released a report last night echoing federal regulators who concluded in 2020 that the Department of Transportation and department of motor vehicles fell short in their oversight of the limousine, which crashed into a shallow ravine in west Albany, New York on October 6th of 2018. Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries. I'm susannah Palmer. This is Bloomberg. This is Bloomberg law with June brusso from Bloomberg radio. 20 million 50 1 million 80
Bloomberg Radio New York
"joshua stein" Discussed on Bloomberg Radio New York
"The legal fallout over the supply chain crisis. Society evolves. The justices haven't second guessed vaccine requirements. Law, evil. We were talking about appeals of these lower court decisions. Follow the evolution here. Asking the 6th circuit to send it to another circuit, it seems to me like a fool's errand. Bloomberg law with June grosso. On Bloomberg radio, the Bloomberg business app and Bloomberg radio dot com. South Korean officials say more than 50 people are dead and over 100 are injured after a stampede at a crowded Halloween festival in Seoul's itaewon neighborhood. Earlier reports by South Korean media said that partygoers suffered from cardiac arrest and had difficulty breathing. The area remains closed off as South Korea's president sent a disaster medical assistance team to the area, an investigation into the incident is ongoing. President Biden will be casting his midterm election ballot soon in his home state of Delaware. He'll be joined by his 18 year old granddaughter Natalie, who is a first time voter. San Francisco police say the hammer attack against the husband of House speaker Nancy Pelosi was not a random attack. San Francisco police chief William Scott says the suspect forced his way through a back door of the Pelosi home early Friday morning and attacked 82 year old Paul Pelosi with a hammer. The suspect has been arrested in Pelosi's undergone surgery for a skull fracture and injuries to his arm and hands. That's the latest I'm Julie Ryan. And I'm Susanna Palmer in the Bloomberg newsroom. This newscast is brought to you by Audi. Don't let somebody else drive off in the Audi model you've always wanted, visit your local tri state, Audi dealer today, or visit Audi offers dot com. Early voting kicks off today in New York, it runs every day until Sunday, November 6th, election day is Tuesday, November 8th. Anyone eligible to vote can vote early, though your early voting polling place may differ from the one assigned to you on election day, the final day of voting. Early voting also starts today in New Jersey, check the NJ voter information portal. Some prosecution witnesses in the Trump organization criminal fraud case won't meet with the district attorney's office. That, according to prosecutors in court during jury selection, prosecutor Joshua Stein glass made the statement in front of prospective jurors on Friday, defense lawyers complained that Stein glass had gone too far in telling the jury prospects that Trump employees could be reluctant witnesses. City Department of Transportation data showed deaths from illegal mopeds of soared 42% this year. The post reports 17 people were killed, driving illegal mopeds in the city between January 1st and October 20th, that compares to 12 in the same period the year before. Goldman Sachs Group's consumer bank Marcus just raised the interest rate for its high yield savings account to the highest on record, more from Bloomberg's Charlie poet. The banks flagship product will now return two and a half percent a year up from 2.35% previously as the Federal Reserve has tightened monetary policy this year to battle inflation, interest rates on savings accounts have jumped as well with competitors vying to offer the most attractive returns. Bloomberg's Charlie pellet. Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries. I'm Susanna Palmer. This is Bloomberg
Bloomberg Radio New York
"joshua stein" Discussed on Bloomberg Radio New York
"Com. Early voting kicks off today in New York. It runs every day until Sunday, November 6th, election day is Tuesday, November 8th. Anyone eligible to vote can vote early, though your early voting polling place may differ from the one assigned to you on election day, the final day of voting. Early voting also starts today in New Jersey, check the NJ voter information portal. Some prosecution witnesses in the Trump organization criminal fraud case won't meet with the district attorney's office. That according to prosecutors in court during jury selection. Prosecutor Joshua Stein glass made the statement in front of prospective jurors on Friday, defense lawyers complained that Stein glass had gone too far in telling the jury prospects that Trump employees could be reluctant witnesses. City Department of Transportation data showed deaths from illegal mopeds of sword 42% this year. The post reports 17 people were killed driving illegal mopeds in the city between January 1st and October 20th that compares to 12 in the same period the year before. Goldman Sachs Group's consumer bank Marcus just raised the interest rate for its high yield savings account to the highest on record, more from Bloomberg's Shirley poet. The banks flagship product will now return two and a half percent a year up from 2.35% previously as the Federal Reserve has tightened monetary policy this year to battle inflation, interest rates on savings accounts have jumped as well with competitors vying to offer the most attractive returns. Bloomberg's Charlie pellet. Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries. I'm Susanna Palmer. This is Bloomberg. You're listening to Bloomberg opinion. I'm Bonnie Quinn. People moved states
Bloomberg Radio New York
"joshua stein" Discussed on Bloomberg Radio New York
"Com. Early voting kicks off today in New York, it runs every day until Sunday, November 6th, election day is Tuesday, November 8th. Anyone eligible to vote can vote early, though your early voting polling place may differ from the one assigned to you on election day, the final day of voting. Early voting also starts today in New Jersey, check the NJ voter information portal. Some prosecution witnesses in the Trump organization criminal fraud case won't meet with the district attorney's office. That, according to prosecutors in court during jury selection, prosecutor Joshua Stein glass made the statement in front of prospective jurors on Friday, defense lawyers complained that Stein glass had gone too far in telling the jury prospects that Trump employees could be reluctant witnesses. City Department of Transportation data showed deaths from illegal mopeds of sword 42% this year. The post reports 17 people were killed, driving illegal mopeds in the city between January 1st and October 20th, that compares to 12 in the same period the year before. Goldman Sachs Group's consumer bank Marcus just raised the interest rate for its high yield savings account to the highest on record, more from Bloomberg's Shirley poet. The banks flagship product will now return two and a half percent a year up from 2.35% previously as the Federal Reserve has tightened monetary policy this year to battle inflation, interest rates on savings accounts have jumped as well with competitors vying to offer the most attractive returns. Bloomberg's Charlie pellet. Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries. I'm Susanna Palmer, this is Bloomberg. Welcome to Bloomberg opinion, I'm vany Quinn. This week. We will have a period of writing taxes
Bloomberg Radio New York
"joshua stein" Discussed on Bloomberg Radio New York
"New York and runs every day until Sunday, November 6th, election day is that following Tuesday, November 8th. Anyone eligible to vote can vote early, though your early voting polling place may differ from the one that is assigned to you on election day. Early voting also starts today in New Jersey check the NJ voter information portal. The top U.S. derivatives regulator is poised to deny a plan that could let Americans bet on politics ahead of the elections. Commodity futures trading commission staff have recommended that the agency reject a bid by the exchange Kelsey Inc to offer contracts that would let people wager $25,000 on which party will control Congress. That, according to people with knowledge of the matter. New York City's 5 pensions paid Wall Street investment managers about $330 million more last fiscal year this despite suffering the worst return since 2009, we get more about that from Bloomberg's Charlie poet. According to the city's annual comprehensive financial report, investment expenses rose to $1.5 billion for the year ending June 30th on almost 30% increase over the prior period. The bigger pay packet came even as returns for the $240 billion pension system fell 8.65%. Some prosecution witnesses in the Trump organization criminal fraud case won't meet with the district attorney's office. That, according to the prosecutors in court during jury selection, prosecutor Joshua Stein glas made the statement in front of prospective jurors on Friday. Global news 24 hours a day
Bloomberg Radio New York
"joshua stein" Discussed on Bloomberg Radio New York
"Com. Early voting kicks off today in New York, it runs every day until Sunday, November 6th, election day is Tuesday, November 8th. Anyone eligible to vote can vote early, though your early voting polling place may differ from the one assigned to you on election day, the final day of voting. Early voting also starts today in New Jersey, check the NJ voter information portal. Some prosecution witnesses in the Trump organization criminal fraud case won't meet with the district attorney's office. That, according to prosecutors in court during jury selection, prosecutor Joshua Stein glass made the statement in front of prospective jurors on Friday, defense lawyers complained that Stein glass had gone too far in telling the jury prospects that Trump employees could be reluctant witnesses. City Department of Transportation data showed deaths from illegal mopeds absorbed 42% this year. The post reports 17 people were killed driving illegal mopeds in the city between January 1st and October 20th that compares to 12 in the same period the year before. Goldman Sachs Group's consumer bank Marcus just raised the interest rate for its high yield savings account to the highest on record, or from Bloomberg's Charlie poet. The banks flagship product will now return two and a half percent a year up from 2.35% previously as the Federal Reserve has tightened monetary policy this year to battle inflation, interest rates on savings accounts have jumped as well with competitors vying to offer the most attractive returns. Bloomberg's Charlie pellet. Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries. I'm Susanna Palmer, this is Bloomberg
Bloomberg Radio New York
"joshua stein" Discussed on Bloomberg Radio New York
"Dot com. Early voting kicks off today in New York and runs every day until Sunday, November 6th, election day is that following Tuesday, November 8th. Anyone eligible to vote can vote early, though your early voting polling place may differ from the one that is assigned to you on election day. Early voting also starts today in New Jersey check the NJ voter information portal. The top U.S. derivatives regulator is poised to deny a plan that could let Americans bet on politics ahead of the elections. Commodity futures trading commission staff have recommended that the agency reject a bid by the exchange calcium Inc to offer contracts that would let people wager $25,000 on which party will control Congress. That, according to people with knowledge of the matter. New York City's 5 pensions paid Wall Street investment managers about $330 million more last fiscal year this despite suffering the worst return since 2009, we get more about that from Bloomberg's truly pellet. According to the city's annual comprehensive financial report, investment expenses rose to $1.5 billion for the year ending June 30th, an almost 30% increase over the prior period. The bigger pay packet came even as returns for the $240 billion pension system fell 8.65%. Some prosecution witnesses in the Trump organization criminal fraud case won't meet with the district attorney's office. That, according to the prosecutors in court during jury selection, prosecutor Joshua Stein glass made the statement in front of prospective jurors on Friday. Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries. I'm Susanna Palmer. This is Bloomberg. This is
Bloomberg Radio New York
"joshua stein" Discussed on Bloomberg Radio New York
"Vice president Kamala Harris is condemning the attack on Nancy Pelosi's husband, Paul, speaking to reporters in Philadelphia. She said she had a chance to talk with the speaker Friday morning. I did talk with speaker Pelosi this morning and I mean, this was an act of extreme violence. Pelosi's office says her husband underwent successful surgery to repair a skull fracture and serious injuries to his right arm and hands. He was attacked by a man with a hammer at their San Francisco home, that man faces multiple felony charges. A new Georgia pole gives Herschel Walker a slight lead in the U.S. Senate race against democratic incumbent Raphael Warnock, the poll surveyed 550 likely Georgia voters and 48% preferred walker 45% for Warnock. Oklahoma police are investigating the deaths of 8 people in a house fire as a murder suicide, broken arrow police chief Brandon Barry hill, says investigators believe the house fire was deliberately set before the bodies of two adults and 6 children were discovered. I'm Brad's secret. And I'm susannah Palmer in the Bloomberg newsroom. Early voting kicks off today in New York. It runs every day until Sunday, November 6th, election day is Tuesday, November 8th. Anyone eligible to vote can vote early, though your early voting polling place may differ from the one assigned to you on election day, the final day of voting. Early voting also starts today in New Jersey, check the NJ voter information portal. Sales tax revenue is up in New York according to New York State controller Tom denapoli, sales tax has increased by more than 10% compared to one year ago. Officials credit people returning to activities. They shunned during the pandemic. Some prosecution witnesses in the Trump organization criminal fraud case won't meet with the district attorney's office. That, according to prosecutors in court during jury selection, prosecutor Joshua Stein glass made the statement in front of prospective jurors on Friday, defense lawyers complained that Stein glass had gone too far in telling the jury prospects that Trump employees could be reluctant witnesses. City Department of Transportation data showed deaths from illegal mopeds of sword 42% this year. The post reports 17 people were killed driving illegal mopeds in the city between January 1st and October 20th that compares to 12 in the same period the year before. Goldman Sachs Group's consumer bank Marcus just raised the interest rate for its high yield savings account to the highest on record, more from Bloomberg's Charlie poet. The banks flagship product will now return two and a half percent a year up from 2.35% previously as the Federal Reserve has tightened monetary policy this year to battle inflation, interest rates on savings accounts have jumped as well with competitors vying to offer the most attractive returns. Bloomberg's Charlie pellet. Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more