26 Burst results for "Julie Ryan"
Bloomberg Radio New York - Recording Feed
Monitor Show 23:00 09-10-2023 23:00
"Investment Advisors. Switch to interactive brokers for lowest cost global trading and turnkey custody solutions. No ticket charges and no conflicts of your interests at ibkr .com slash ria. Yo, I'm Wes Kosova. Stay with us. Today's top stories and global business headlines are coming up right now. Broadcasting 24 hours a day at Bloomberg dot com and the Bloomberg Business Act. This is Bloomberg Radio. President Biden is offering his condolences to the people of Morocco after the devastating earthquake that struck the country Friday night. Over 2000 people have died. Another 1400 remain in critical condition. Biden released a statement today saying he's deeply saddened by the loss of life and devastation caused by the earthquake. He said the administration is in contact with Moroccan officials and that they're working to provide any necessary assistance to the people there. Our report says President Biden is considering a plan to deal with the immigration surge. According to the Los Angeles Times, the plan would force migrants who cross into the US illegally to remain in Texas and possibly other border states while awaiting their asylum screening. Texas Republican Governor Greg Abbott has already bust thousands of migrants to New York, L .A., Washington, D .C. and other blue cities. Many mayors and governors in those states are now openly criticizing the president for his inaction on immigration. Many Americans with student loans are not having any luck calling their loan servicers to restart their payments. Here's Julie Ryan. Some popular servicer websites have been down over the past week with callers complaining they spent hours on hold without getting any answers. Interest on those loans began accruing again on September 1st. I'm Julie Ryan.
Bloomberg Radio New York - Recording Feed
Monitor Show 18:00 09-09-2023 18:00
"Her winning tenacity out on that issue. But for the most part, unless the government handles it directly, they run a lot of sanctions put in at the end. John, the information you found is just stunning. Thanks so much for sharing it with us. That's John Holland, Bloomberg Law's senior investigative reporter. I'm June Grosso and this is Bloomberg Law on Bloomberg Radio. Stay with us, today's top stories and global business headlines are coming up right now. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. The death toll from Friday night's earthquake in Morocco is at least 1 ,300. State -run broadcaster Al Aula also reports that more than 1 ,800 are injured. The outlet cited Morocco's interior ministry as saying more than 1 ,200 of the injured are in critical condition. The earthquake is being called the strongest to strike the North African nation in more than a century. President Biden, who is attending the G20 summit in India, is pledging U .S. support. Our report says President Biden is considering a plan to deal with the immigration surge. According to the Los Angeles Times, the plan would force migrants who cross into the U .S. illegally to remain in Texas and possibly other border states while awaiting their asylum screening. Texas Republican Governor Greg Abbott has already bussed thousands of migrants to New York, L .A., Washington, D .C., and other blue cities. Many mayors and governors in those states are now openly criticizing the president for his inaction on immigration. Many Americans with student loans are not having any luck calling their loan servicers to restart their payments. Here's Julie Ryan. Some popular servicer websites have been down over the past week with callers complaining they spent hours on hold without getting any answers. Interest on September 1st. I'm Julie Ryan. Officials say it could take days to.
Bloomberg Radio New York - Recording Feed
Monitor Show 00:00 09-03-2023 00:00
"Investment Advisors. Switch to interactive brokers for lowest cost global trading and turnkey custody solutions. No ticket charges and no conflicts of your interests at ibkr .com slash ria. Project manager Paris Wald is my producer. Justin Milner is my audio engineer. Sean Russo is my head of research. I'm Barry Ritoltz. You've been listening to Masters in Business on Bloomberg Radio. Broadcasting 24 hours a day at Bloomberg dot com and the Bloomberg Business Act. This is Bloomberg Radio. President Biden is vowing that Florida will get the federal help it needs to recover from Hurricane Adalia. Speaking in the hard hit community of Live Oak, Biden reassured Floridians today that FEMA is in it for the long haul. Biden was accompanied by the first lady and FEMA administrator Deanne Criswell and spoke after surveying damage from the category three storm by helicopter. Biden did not meet with Governor Ron DeSantis before wrapping up his visit. A new poll shows former President Trump holds a huge lead over his GOP rivals. Julie Ryan has more. The National Wall Street Journal survey finds 59 percent of Republican voters say they would support Trump while Ron DeSantis is way behind with just 14 percent. Trump dominates the field despite four indictments and skipping the GOP debate. The same poll shows Trump and President Biden tied at 46 percent in a head to head matchup, excluding other possible candidates. I'm Julie Ryan. Jimmy Buffett, the singer songwriter best known for his iconic hit Margaritaville, is being remembered. He shared some thoughts on what made his music so special during a 2018 interview on The Today Show.
Bloomberg Radio New York - Recording Feed
Monitor Show 19:00 09-02-2023 19:00
"Monday I'll get that back. Follow all of the Bloomberg family of podcasts on Twitter at podcast. I would be remiss if I did not thank the crack team that helps with these conversations together each week. Ateeka Valbron is my project manager. Paris Wald is my producer. Justin Milner is my audio engineer. Sean Russo is my head of research. I'm Barry Ritholtz. You've been listening to Masters in Business on Bloomberg Radio. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. President Biden surveyed Hurricane Adelia's damage in Florida with a Republican state leader today, but not the one that most people were expecting. Senator Rick Scott, who is with me today, I want to thank him for his cooperation, his help, and he shares the view I do about FEMA. They're doing an incredible job. The president spoke at a news conference in Live Oak about 60 miles inland from where the storm made landfall on Wednesday. Biden downplayed Governor Ron DeSantis' absence and instead thanked the governor for working with FEMA and helping the president plan today's visit where it would cause the least disruption. A new poll shows former President Trump holds a huge lead over his GOP rivals. Julie Ryan has more. The National Wall Street Journal survey finds 59 % of Republican voters say they would support Trump while Ron DeSantis is way behind with just 14%. Trump dominates the field despite four indictments and skipping the GOP debate. The same poll shows Trump and President Biden tied at 46 % in a head -to -head matchup, excluding other possible candidates. I'm Julie Ryan. Jimmy Buffett fans are mourning the death of the legendary musician, the singer -songwriter best known for his iconic hit, Margaritaville, shared some thoughts on what made his music so special.
Bloomberg Radio New York - Recording Feed
Monitor Show 18:00 08-26-2023 18:00
"Throughout the state, and it's considered to be part of the state's constitutional fabric and framework. And it's fascinating because when you talk with people, they will say that it's sort of like a force of nature. There's not really anything you can do to get rid of it. And so it's just working through it as best as you can to get more judges on the bench. Thanks, Alex. That's Alex Ebert, Bloomberg Law's senior correspondent. This is Bloomberg Law on Bloomberg Radio. I'm June Grosso. Stay with us. Today's top stories and global business headlines are coming up right now. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. Thousands are taking part in a weekend rally at the Lincoln Memorial to mark the 60th anniversary of Martin Luther King Jr.'s historic march on Washington. Martin Luther King III and the Reverend Al Sharpton are among the keynote speakers taking part in the march and rally. On Monday, President Biden and Vice President Harris will meet with civil rights leaders and members of the King family at the White House, and Biden will deliver remarks to commemorate the anniversary. House Speaker Kevin McCarthy has ordered flags lowered to halfstaff today at the U .S. Capitol. Julie Ryan reports. In a post on X, formerly known as Twitter, McCarthy said he directed the move to honor the 13 brave American heroes who died tragically during the U .S. withdrawal from Afghanistan two years ago. Republicans have strongly criticized President Biden's handling of the sudden U .S. exit as the Taliban seized control of the country in 2021. I'm Julie Ryan. Just one of former President Donald Trump's 18 co -defendants in the Georgia election interference case is being jailed. That story from Jim Forbes. Harrison Floyd was denied bond Friday after being considered a flight risk. Floyd is charged with racketeering, conspiracy and influencing a witness. He turned himself in Thursday before.
Bloomberg Radio New York - Recording Feed
Monitor Show 05:00 08-19-2023 05:00
"Investment Advisors, switch to Interactive Brokers for lowest cost global trading and turnkey custody solutions. No ticket charges and no conflicts of your interests at ibkr .com slash ria. Pildegarcia is our engineer with additional production support from Nayeli Jaramillo Plata and Jill Nematse. Our original music was composed by Leo Sidrin. I'm Wes Kosova. We'll be back tomorrow with another big take. Broadcasting 24 hours a day at bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. Ventura County is expecting rain and high winds brought on by Hurricane Hillary. Julie Ryan has more. Hillary is expected to be downgraded to a tropical storm by the time she shows up late Sunday but the downgrade doesn't mean the area won't be affected by severe weather. Ventura County could see one to four inches of rain and winds up to 40 miles per hour. There's also a flash flood watch from Sunday night through Monday night. The sheriff's office says people should keep an eye on the forecast including advisories or warnings. I'm Julie Ryan. The federal government is launching an independent third party investigation into the cause of the wildfire in Lahaina. The Bureau of Alcohol Tobacco Firearms and Explosives is working to determine the origin and cause of the fire that's now killed at least 114 people. Officials arrived from the ATF's Honolulu Field Office and the Seattle Field Division Thursday. They'll work alongside Maui fire officials and others also investigating the source of the fire. The Mexican cartels continue to recruit children to work as human smugglers. Michael Board has more. New video released by the state of Texas shows cops chasing a small car through the streets of McAllen dodging traffic.
Bloomberg Radio New York - Recording Feed
Monitor Show 07:00 08-06-2023 07:00
"Have a good and safe weekend, everyone. For Madison Mills and Carol Masur, I'm Tim Stenebeck. Stay with us. Today's top stories and global business headlines are coming up right now. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. A spokesperson for the Trump campaign says a social media post by the former president called a threat by officials is simply political speech. The post appeared a day after Trump was indicted on four counts related to his alleged efforts to overturn the 2020 presidential election. Special counsel at the Department of Justice, Jack Smith, filed a motion Friday for a protective order for evidence following the threat. Smith filed a motion Friday night after Trump posted on Truth Social. If you go after me, I'm coming after you. The post appeared one day after Trump was indicted on four counts related to his alleged efforts to overturn the 2020 presidential election. Smith wrote in his filing that public posts by the former president about the case could have a harmful chilling effect on witnesses or adversely affect the fair administration of justice. The former president has until 5 p .m. Eastern to respond. I'm Julie Ryan. The attorney general in Texas is appealing a new ruling that would relax that state's ban on abortions. A judge temporarily halted the abortion ban Friday for women who have dangerous pregnancy complications. Coming from the judge's concerns about the law's vague language and how it might impact the doctor's good faith judgment until a final word from the Texas.
Bloomberg Radio New York - Recording Feed
Monitor Show 18:00 08-05-2023 18:00
"With no fees or minimums and no overdraft fees, banking with Capital One is the easiest decision in the history of decisions. Kind of like choosing Derek Jeter as the pinch hitter for your baseball team. Jeter, you're in! We need a home run! I'll give it a try. I've swung a bat once or twice. That's out of here! Yep, even easier than that. With no fees or minimums and no overdraft fees, is it even a decision? That's banking reimagined. What's in your wallet? Terms apply. See capitalone .com slash bank for details. Capital One and A member FDIC. $300 million bond and that is secured by his private jet and his super yacht. He can only use his private jet to travel for court purposes, but he can't even board his super yacht. Thanks Ava. That's Bloomberg legal reporter Ava Bennie Morrison. This is Bloomberg Law on Bloomberg Radio. I'm June Grosso. Stay with us. Today's top stories and global business headlines are coming up right now. A federal judge is giving former President Trump until Monday to respond to special counsel Jack Smith's motion for a protective order. Julie Ryan reports. Smith filed a motion Friday night after Trump posted on Truth Social. If you go after me, I'm coming after you. The post appeared one day after Trump was indicted on four counts related to his alleged efforts to overturn the 2020 presidential election. Smith wrote in his filing that public posts by the former president about the case could have a harmful chilling effect on witnesses or adversely affect the fair administration of justice.
Bloomberg Radio New York
"julie ryan" Discussed on Bloomberg Radio New York
"I'm Julie Ryan. And I'm Susanna Palmer in the Bloomberg newsroom. As we've been reporting, Kevin McCarthy is now Speaker of the House of Representatives, but the wrangling over giving him the gavel could have implications for investors later this year as we hear from Bloomberg's Nathan Hager in Washington. Failing to lift or suspend the nation's statutory borrowing limit could trigger a technical default or lead to a downgrade in U.S. credit, something standard and poor's issued after the last at cap standoff in 2011. In Washington, I'm Nathan Hager, Bloomberg radio. Shares in world wrestling entertainment jumped 17% Friday. This after Vince McMahon, world wrestling entertainment's controlling shareholder and former chief executive officer, said he's returning to the company's board as the company begins exploring strategic options. McMahon, who retired from WWE last year amid allegations of sexual misconduct, won't be involved in day to today operations, according to a statement Friday. The former CEO said Thursday that the business should review its strategy, including considering a possible sale. U.S. equities gained yesterday erasing a weekly drop after yesterday's December jobs report showing wage gains slowed more than anticipated. That suggests inflation pressures, good moderate, and that could give the Federal Reserve room to potentially slow its interest rate hikes. Anastasia amoroso is chief investment strategist at I capital. All in, the fed is likely to look at this and say, look, our medicine is working. We're going to continue to keep the equity market anchored, the economy anchored and blow potential GDP growth. And that should result in the rebalancing in the labor market. So to me, this is a soft landing report. The World Bank has a bit of a different view. It's concerned that further adverse shocks could push the global economy into recession this year with small states especially vulnerable. Meantime with investment banking, revenue plummeting and a possible recession looming, Wall Street is in retrenchment mode. The job cuts and hiring freezes striking the tech world have made their way to the finance industry with banking executives preparing for what's expected to be a lean year ahead. Goldman Sachs Group Morgan Stanley, Credit Suisse group AG and Barclays, have all either already fired staff or announced that they plan to do so in coming months. Some smaller firms have completed multiple rounds of terminations. Tech companies have been showing off their latest products at this year's consumer electronics show. Details from Bloomberg's Amy Morris. The show called CES returned to Las Vegas this past week with the hope that it looks more like it did before the coronavirus pandemic. It was virtual in 2021 and attendance was down in 2022. Exhibitors range from big names, including Sony and LG to tiny startups, highlights included an AI connected bird feeder, electric inline skates and temporary digital tattoos. I'm Amy Morris Bloomberg radio. Global news 24 hours a day on air and on
Bloomberg Radio New York
"julie ryan" Discussed on Bloomberg Radio New York
"New normal sets in after the coronavirus pandemic. I'm Julie Ryan. There could be a single shot for COVID and the flu. Lisa G reports. Pfizer and BioNTech say they've gotten fast tracked designation from the FDA for a vaccine that would cover both the flu and COVID. The company has already announced that they're in early stage trials that would review the safety and effectiveness of the combined vaccine in healthy adults. The New York City health commissioner is issuing an advisory for people to mask up indoors or in crowded outdoor spaces. Natalie big glory has more. Health commissioner doctor Auschwitz warning comes as COVID-19 and flu cases continued ticking upwards in New York City and across the nation. He's also strongly suggesting New Yorkers take other precautions like staying updated on vaccinations, testing and practicing hand washing. His advisory to mask up follows New York State's recommendation in light of the so called triple demic, which includes RSV, the flu and COVID. The jury hearing the sexual assault trial against movie producer Harvey Weinstein will return to the courtroom Monday morning to resume deliberations. Brad Siegel has the details. Jury members still haven't reached the verdict after nearly 24 hours of deliberations over 6 days. The jury has yet to ask any evidentiary questions or requests read backs of trial testimony. The 70 year old former movie producer is facing 7 counts accused of sexually assaulting four women in the Los Angeles area, including the wife of governor Gavin Newsom, Weinstein did not testify in his own defense, he remains behind bars. Elton John is saying goodbye to Twitter, the artist posted his farewell on Friday and said, I've decided to no longer use Twitter given their recent change in policy, which will allow misinformation to flourish unchecked. Twitter owner Elon Musk responded, I love your music and asked, is there any misinformation in particular that you're concerned about? Elton is the latest celebrity to leave the platform following Jim Carrey Whoopi Goldberg Shonda Rhimes and others. Julie Ryan, NBC News radio
Bloomberg Radio New York
"julie ryan" Discussed on Bloomberg Radio New York
"Julie Ryan. And I'm Susanna Palmer in the Bloomberg newsroom. Taylor Swift has made her first public comments on the bungled pre sale for her upcoming eras tour concerts. We get more about that from Bloomberg's Charlie pellet. Swift said it was excruciating to watch mistakes happen with no recourse in a statement posted to an Instagram story of the musician made no explicit mention of ticketmaster entertainment, which canceled Friday's planned general public ticket sale after overwhelming demand at the presale stage aimed at swift's verified fans left it with quote insufficient remaining ticket inventory. Bloomberg's Charlie pellet, New Jersey's governor is releasing his 2021 tax returns showing that he and his wife paid big bucks. Democrat Phil Murphy and wife Tammy paid $1.8 million in state and federal taxes last year. That was on a combined income of nearly $5 million, so that's an effective tax rate of 36%. The 65 year old governor is a retired director of Goldman Sachs and has a pretty big portfolio. The New York State board of education is telling schools to stop using mascots that depict Native Americans. If they don't, by the end of the year, schools could risk losing state aid. And New Jersey power plant will help New York City's power grid to get a little greener. We hear more from Bloomberg's Larry Kafka. Susannah, the Bayonne energy center, which feeds the city via an underwater cable, plans to run at least one of its turbines on hydrogen, an Ohio company, novo hydrogen plants to install electrolyzers that strip hydrogen from water at or near the Bayonne facility. The electrolyzers themselves will run on renewable power, so the hydrogen
Bloomberg Radio New York
"julie ryan" Discussed on Bloomberg Radio New York
"Of emergency for 11 counties calling it an extreme weather event. When it's coming down at that rate, it is almost impossible to clear the road to make it safe to travel. To Erie county residents died following cardiac events related to shoveling or blowing snow. As they prepare to take the majority House Republicans are setting their sights on testimony from Homeland Security officials, incoming House judiciary chair Jim Jordan, sent a letter to DHS secretary Alejandro mayorkas demanding cooperation. The Santa Fe county sheriff's office is releasing the police report from the rust movie shooting, the 550 page report comes more than a year after the deadly incident on the New Mexico set of the western. The report reveals a series of text messages actor Alec Baldwin sent to the husband of cinematographer Helena Hutchins following her death. That's the latest I'm Julie Ryan. And I'm Susanna Palmer in the Bloomberg newsroom. FTX trading limited and about 100 affiliated companies are starting a strategic review of global assets this as part of the chapter 11 bankruptcy process for FTX, the collapsed crypto exchange. 11 years for fraud, that is the sentence handed down yesterday to Theron. I was founder Elizabeth Holmes, prosecutors had asked for 15 years while her attorneys had asked for home detention or a maximum of 18 months in prison. Snow will continue through the weekend as a storm rolling off Lake Erie snarls traffic, air travel, and railroads, more from Bloomberg's Charlie pellet. In total as much as four feet could fall just south of buffalo through the weekend with the city getting more than two feet, according to the national weather service, the snow is the result of the so called Lake effect that occurs when frigidaire rushes across the relatively warm waters of Lake Erie. Governor hochul has declared a state of emergency in 11 western counties. Bloomberg's Charlie palette, there are new rules now in effect in New York City the name to greatly reduce the rat population near Eric Adams signed a series of bills on Friday. That's hurt the quality of life and our city and cause real damage to our homes. New rules cover rap mitigation zones and require buildings with rodent related violations to use approved rodent resistant trash containers. There are also new rules to reduce rats in construction zones. The COP 27 climate talks in Egypt hung in the balance today as the European Union insisted the world toughen up its ambition for reducing fossil fuel emissions without stronger language on mitigation of greenhouse gases and a pathway to limiting global warming. It wasn't clear whether the EU and other developed nations would sign up to the whole deal. 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
"julie ryan" Discussed on Bloomberg Radio New York
"The system is credited with helping Ukrainian forces count a Russian advances and recent attacks targeting the capital of Kyiv and other key areas. Ukrainian president zelensky says nearly 65,000 Russians have been killed in fighting since the war began. He provided the update in a Saturday address adding that a handful of people in the Kremlin continued to ignore the reality of what's happening in the conflict. Zelensky noted the destruction and casualties caused by Russia's stepped up attacks on Kyiv and other regions in recent days. He also praised the U.S. for providing his country defense package to support Ukraine's military. President Biden is touting the effect his inflation reduction act will have on prescription drug prices. But this year the American people won. That's the first time big pharma lost. Speaking at a volunteer event with Oregon Democrats in Portland, Biden discussed how the IRA will cap medication costs for seniors and bring them breathing room at the end of each month. He specifically pointed out cap costs for insulin vaccines without copays and hearing aids being available to purchase over the counter as of this week. Biden also warned that every benefit in the legislation could go away if enough Republicans were given the power to vote it out after the upcoming midterm elections. The president is currently wrapping up a three day tour of the western U.S.. The house January 6th panel has records that show calls between the Secret Service and the far right oath keepers group in 2020, the committee asked the agency for every record of contact with the militia group documents revealed in Thursday's congressional hearing show that the Secret Service had warnings of a plot to attack the capital earlier than previously known. And in sports this afternoon, in Philadelphia, the Phillies eliminated the defending World Series champion Atlanta Braves by winning the NLDS Phillies will now face either the Dodgers or Padres in the national league championship series. I'm Chris grazia. Mel Gibson is able to be called to testify against disgraced Hollywood film producer Harvey Weinstein, the prosecution wants to call Gibson in support of a woman who claims she was sexually assaulted by Weinstein in 2010 later telling Gibson about the incident. The defense had requested they be allowed to ask Gibson about his racist and anti semitic statements over the years, but were denied. Weinstein is facing 11 sexual assault charges for alleged attacks against 5 women. He is already serving a 23 year sentence after being convicted of rape and sexual assault in 2020. A woman in California was fired from her job because of a TikTok video. Julie Ryan has the story. The video showed coffee spilling all over the counter after she forgot to put her mug underneath the coffee maker. The coffee spill isn't what got 24 year old Michelle cerna fired. It was the work meeting playing on her laptop in another room that got her in trouble. Serna said she didn't realize the meeting could be heard in the video until she was called into the human resources office and fired. The company let her go because she didn't get consent from her coworkers or the company for recording a confidential conversation and for making a social media video during work. Cerna said rejection is redirection and has started her own company. I'm Julie Ryan. An Arkansas golfer is suing after a country club refused to give him a brand new pickup truck. Morton country club posted on Facebook that, quote, a hole in one on number ten gets you the keys to this F one 50. After Austin Clarke paid the $375 entry fee and scored a hole in one on the tenth hole last Saturday, he expected to drive home in his new truck, but now Jay Hodge Ford of Morton says they merely loan the truck to the country club as a display and never meant for it to be given away. Is now suing both the club and the dealership. Alaska is canceling the upcoming winner's snow crab season in the Bering sea for the first time in putting king crabs in Bristol bay off limits for the second year in a row. The prohibitions the Alaska department of fish and game announced this week are because of a sharp drop in the estimated crab population. I'm Chris grazia. And I'm Susanna Palmer in the Bloomberg newsroom. It's on to a new finance minister in the UK after prime minister Liz truss fired the old finance minister on Friday. And announced Jeremy hunt as the new finance minister. Prime minister trusts also signaled that she would be abandoning her campaign pledge to cut taxes on the wealthiest Britons, speaking to the BBC today, hunt outlined the government's new economic direction. We are going to take some tough decisions, not just on spending, but also on tax because we have to show the world that we have a plan that adds up financially. And that's the way that we'll get stability back in this situation. Last month, trust succeeded Boris Johnson as prime minister after Johnson resigned from office amid scandals. Former Republican Speaker of the House Paul Ryan has doubts that Donald Trump will run for president again. The two clashed when Democrats took control of the House in 2019. Now, Ryan questions why the party would let Trump run again in 2024. So the only reason he stays
Bloomberg Radio New York
"julie ryan" Discussed on Bloomberg Radio New York
"Stands at just over 1400 today alone. Over 400 flights have been canceled on Saturday. Minnesota police say they've recovered a second child's body at that Lake in what they believe may be a triple murder suicide. Officials say the boy's mother and one of her other children are still missing. Another child's body was recovered earlier on Friday. That's the latest I'm Julie Ryan. And I'm Susanna Palmer in the Bloomberg newsroom. Some news out of Tesla today Tesla reporting deliveries for the second quarter that missed the average analyst estimate in a Bloomberg survey. Deliveries were 254,695 versus the estimate of 261,181. Airlines are canceling hundreds of flights nationwide today in delaying many more, even so some at JFK airport are hopeful. Hope they are one time, no cancellations. The industry reeling from COVID related staffing shortages is struggling to keep pace with the surging number of travelers. Governor Kathy hochul has signed new gun legislation, the bill hochul signed on Friday, severely limits where guns can be carried and requires background checks to buy ammunition. It comes in response to the U.S. Supreme Court decision striking down New York's concealed carry law. New York legislators on Friday approved a proposal to enshrine abortion rights in the state constitution. That makes New York the latest state to pursue long-term protections in the wake of the U.S. Supreme Court's roe V wade reversal. New Jersey governor Phil Murphy has signed a pair of bills to bolster abortion rights. We get more about that from Bloomberg's Charlie pellet. It comes as about half of U.S. states empowered by the nation's highest court moved to outlaw the procedure. One law bars New Jersey public agencies from assisting out of state criminal investigations of abortion patients, another prevents the expedition of people who came to New Jersey to get or perform abortions and who would face prosecution where they live. Bloomberg's truly pellet. Health officials in New York City announced Friday that they are receiving 6000 doses of the monkeypox vaccine, as the city has now reached a total of 87 suspected cases. That's a 123% rise over the last week. 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 intelligence with Alex Steele and Paul Sweeney on Bloomberg radio. We'll be here each and every week at this time Tapping into Bloomberg intelligence analyst carving some 2000 companies and 130 industries worldwide. While many are talking about how for the back half of the year, earnings estimates are going to have to come down. Profit margins are going to have to come down. One company, though, that might stand out and not have to do that is Emerson Electric. It designs and manufactures electronic and electrical equipment, software, systems, and services. And they're actually doing really well, despite their stock being hammered so far this year. Joining us now with more is Caro and Uber hard senior industry analyst for Bloomberg intelligence. All right, give me the reason why I should be powered up on Emerson. A couple of things. One, they are very energy exposed 23% of sales. Their biggest business, which has been lagging, two thirds of the company now has an opportunity to benefit from higher CAPEX. Number two, they're on their way to beating all their 2023 targets. They're ahead of schedule. They're already meeting the margin target for this business. The energy related business that's just coming to turning around. They have a record backlog and they're about to complete a $650 million savings program. So there's a lot of upside in. They have a day and Analyst Day in November. They'll raise all their expectations. The financial targets. So talk to us about the cost side Karen. We hear about inflation impacting margins for companies across many, many industry verticals. Talk to us about Emerson and their margin outlook. Emerson had an activist come about three years ago to tell them to get their act together on costs. They went to the drawing board and are doing structural takeouts across the board and the company and actually started in 2019. And their margins have exceeded expectations and they're not done. So there was pressure to do that. They did it, and they're now seeing the benefits of that and they've got one more year to go. What are some going to be some of the extra catalysts we have to think about? Capital spending, particularly on the upstream side, is expected to be up over 20% this year and another 10% next year. That's big kicker for Emerson in the automated solutions business. I think both those numbers could be low because they've been under investing for a number of years. They'll also probably be some help on the refining side, but for them, the upstream side right now is the most important. Secondly, they have record backlog in that business. And again, $6.4 billion backlog. And again, it's just started to turn. So there's a lot that becomes sales. It's a long cycle business. Everybody's very worried about the more short cycle stuff because of a recession. There's automated solutions is all CAPEX driven. It's not just energy, it's chemicals, it's other things, but that tends to hold up better in the early part of a downturn. And I think the numbers are too low. I looked at how much automated solutions grew in the last four energy CAPEX cycles, and it grew 16%, 13%, double digit, consensus right now, has that segment growing at about 7%. I went through different scenarios. I used 13% as the mid range and I come up with a 9% above consensus EPS, and I think there's probably upside. So estimates are already starting to drift up, but I think they can drift up more. Talk to us about valuation Karen here. I'm looking at the stock. It's not about 14% year to date, but that's outperforming the S&P 500, which is down a little bit more than 20%. How does valuation look here? Emerson is underperformed on a three and a 5 year, and this is the first year they've actually outperformed. And I think some of that is people saying, wait a minute, they're in the right, they're in this automated solution to the sweet spot. It's time for them to turn. This new CEO is really executing. So you're starting to see people warm up to it. Energy is nothing if it's not cyclical. And I understand
Bloomberg Radio New York
"julie ryan" Discussed on Bloomberg Radio New York
"The first significant gun control legislation passed in 30 years and follows devastating mass shootings in Buffalo, New York, and Yuval, Texas. President Biden continues to blast the U.S. Supreme Court. The terrible decision. Biden made that comment after a reporter asked him if he thought the Supreme Court is broken. The question came after Biden signed the bipartisan safer communities act into law. He said he and First Lady Jill Biden know how painful and devastating the decision is for so many Americans. He added that his administration will focus on how states administer laws based on the decision and whether or not they violate other laws while doing so. A shooting in a Norway club is leaving two dead. The shooting took place at a popular gay club called the London pub in Oslo early Saturday morning, witnesses say a man entered the club with a bag before pulling out a weapon and began firing up to 20 shots into the crowd. The suspect was arrested at the scene and authorities are investigating the shooting as a possible terrorist act. Texas governor Greg Abbott says about 22,000 migrants have been turned away at the Mexico border. Abbott didn't say when it happened, but claimed its proof that operation lone star is a success. He also says the multiple agency operation has resulted in 265 illegal immigrant arrests with almost 14,000 felony charges. The Republican blames The White House for not increasing border security. I'm Julie Ryan Virginia's governor shares his reaction to the Supreme Court's decision to abolish a national law created just shy of 200 years after the ratification of the constitution. Rebecca Hughes has more. Glen youngkin addresses to the U.S. Supreme Court decision overturning roe versus wade, which ends the national constitutional right to abortion, returning power to the individual states, young and released a statement saying the Supreme Court rightfully returned power to the people and their elected representatives in the states, abortion laws in the Commonwealth will remain the same for now after the state Senate voted against new restrictions during the last session. I'm Rebecca Hughes, the largest nurses union in the U.S. is condemning the Supreme Court's decision to overturn roe V wade. Matt mattson reports. In a press release sent Friday, national nurses united called the move shameful, noting that it's a dangerous assault on women, as well as a multitude of people and their families. Gene Ross, president of nnu said abortion is healthcare, and they'll keep fighting until the right is brought back to everyone. The original decision which legalized abortion across the country had been in place since 1973. I'm Matt sin. In response to roe V wade being overturned, singer songwriter lizzo will be making a hefty donation to Planned Parenthood. The rapper spoke out against the decision on social media and pledged to donate half a $1 million in profits from her upcoming tour to Planned Parenthood. New home sales are on the rise for the first time this year. The commerce department says sales of new single-family homes jumped 10.7% in May to an annual rate of 696,000 units. Kelly Clarkson is a big winner at the Daytime Emmy Awards, the awards for the best daytime TV shows were handed out Friday in Pasadena, and two went to the Kelly Clarkson show for outstanding entertainment talk show, and for Clarkson as host, Emmys also went to jeopardy for outstanding game show and Steve Harvey a family feud for game show host. I'm Julie Ryan. And dignity Pellegrini in the Bloomberg newsroom. Saint Patrick's cathedral among the places under heavy police guard as protesters gear up in other parts around the city the day after the overturn of roe V wade and representative Alexandria Ocasio-Cortez among the House Democrats denouncing the Supreme Court decision. To those senators who voted for these justices under the claim and the guys that this would not happen this decision falls on them. What will they do? And the New York representative there on the House floor. As we've been reporting New York mayor saying the city is welcoming people from out of state seeking abortion more than that from Bloomberg's Charlie pellet. Male Adams says he is reaching out to the city's businesses to help fund transportation and other needs. Adams also says the city is stepping up security following the court decision and ahead of the pride parade, which returns in person for the first time since 2019. Thank you, Charlie. Health officials are rushing to speed up monkey pucks testing but critics say not fast enough. More on that from Bloomberg's Jeff Bellinger. Officials at the Department of Health and mental hygiene can only run 20 tests a day, according to the post, authorities have detected dozens of probable cases in the city already. One patient tells the post that even with lesions, doctors refused to test him and when they finally did, it took days to get results. The health department is also making a vaccine available to men who have sex with other men and have multiple partners, but lines for that are long. Cornell epidemiologist J varma says health officials are making the same mistakes with monkeypox that they made with COVID. All right, thank you, Jeff. And Bitcoin slightly lower. But it is still hovering above the $20,000 mark this hour. Global news, 24 hours a day, on air and on Bloomberg quick tick, powered by more than 2700 journalists and analysts in more than a 120 countries. In the newsroom, I'm to these Pellegrini. This is Bloomberg
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"At Bloomberg surveillance the market is our language A show Okay well enough for the French We'll leave it there We're still working on French Oscar Drop it Potato Laura Bloomberg surveillance with Tom Keene Jonathan farrow and Lisa Abramovich Nice work That was terrible at French We did mornings at 7 eastern on Bloomberg radio and Bloomberg television President Biden is heading to Santa Fe New Mexico to get an update on the state's devastating wildfires The U.S. forest service has admitted its prescribed burns in a drought stricken area sparked a massive wildfire that has charred nearly 500 square miles since April Large groups are staging demonstrations in major cities coast to coast today for March for our lives rallies thousands are taking part in a march and rally to demand tougher gun laws that's taking place on the national mall in Washington D.C. Similar events are taking place from New York City to Chicago and Oakland following a string of deadly mass shootings in the U.S. A Michigan police officer is out on bond after being charged in the death of a black man at a traffic stop Officer Chris schur turned himself in on Thursday yesterday he bonded out of jail after being formally charged with second degree murder in the shooting death of Patrick Lloyd last April during a traffic stop in Grand Rapids Sure has entered a plea of not guilty That's the latest I'm Julie Ryan And I'm Susanna Palmer in the Bloomberg newsroom as we've been reporting thousands of people rallied across the U.S. today in a renewed push for gun control measures after recent deadly mass shootings in uvalde Texas buffalo New York that activists say should compel Congress to act Trevon Bosley from Chicago's south side says despite promise after promise to do something lawmakers have ignored the problem Four years ago I was burying my Friends and filming the gun violence in four years later I'm still burying my friends and family to gun violence The house has passed bills to raise the age limit to buy semi-automatic weapons and establish federal red flag laws a bipartisan group of senators had hoped to reach agreement this week on a framework for addressing the issue and held talks Friday but no deal was announced Pain at the pump increases with the national average price for regular gasoline now at $5 a gallon according to triple-A mixed reaction in New Jersey It belongs to Sam's Club so we try to fill up there because at least it's a little bit cheaper I've seen 7 in California so I can't really complain In California the average price for a gallon of regular is $6 42 cents The World Health Organization says it needs more data to determine whether a lab leak set off the COVID pandemic Bloomberg's Nathan Hager reports from Washington The UN health bodies advisory panel on the virus's origins has put out its first full report since it formed last October It says a review of all coronavirus related activities at the lab in Wuhan China would be needed to determine the source of the pandemic They also call for further study of the wet market that's also been named as a potential jumping off point for COVID China has resisted efforts to investigate the Wuhan lab's role but foreign ministry spokesman says his country has shown transparency and openness In Washington I'm Nathan Hager Bloomberg radio 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 Suzanne Palmer This is Bloomberg Your listening to balance of power with David Westin on Bloomberg radio The tight labor market is helping drive inflation and at the same time we've seen the labor participation rates are not going up to the levels we've seen in the past leading to questions about why that's happening The committee for economic development the public policy center of the conference board has done a four part series on women in the labor force and the economic role of paid child care in the United States For more on what they discovered I spoke to the president of the committee for economic development doctor Lori esposito Murray The reason why CD picked this topic is because of the importance of women in the economy This is actually as you know important in terms of the global economy is especially important in terms of the U.S. economy for continued growth in productivity And so looking at what is the role of paid child care it has been an important issue for CD for about 50 years for two main reasons One that I just mentioned in terms of women in the economy but also preparing the labor force the future labor force and the importance of early education This has been a top priority for the committee for economic development of the conference board for almost 50 years So as I understand the latest installment you brought us the third in a series of four and this one is on economic growth modeling It gives us the hot top line of what you discovered Well one of the most important things that we discovered is that as you know both for women and men the labor force participation is not reaching the level of the pre-pandemic levels And this is particularly important for women and the most important thing we discovered is that one of the major barriers for women with children from 18 to 54 with children is.
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"Muscles They're invasive freshwater muscles that multiply quickly and not only affect our water quality but can also ruin boat engines steering equipment and destroy boat ramps and docks the clean drain and dry rules should be done before and after each use and if your boat or personal watercraft doesn't pass inspection at a border protection station it can be quarantined or impounded I'm Julie Ryan Apple is raising its starting pay in the U.S. to $22 an hour The iPhone company says the new pay will take effect in early July in a statement to Reuters Apple said the pay raise has a 45% jump from 2018 levels Google and Microsoft have also adjusted employee pay this year as tech companies struggle to retain workers The Atlantic hurricane season less than a week away and Friday state and federal agencies all sat down with Florida congresswoman Debbie wasserman Schultz for her annual hurricane season briefing I'm really very confident about the federal state and local cooperation and corroboration but what people need to know is that this hurricane season is predicted to be much more active She says that's why everyone needs to have between a week to two weeks of supplies and their hurricane kits because it will take time for the government to respond This weekend is the perfect time to stock up With the two week disaster preparedness sales tax holiday kicking off today San Francisco Giants manager Gabe kapler says he will not be taking the field for the national anthem moving forward Kepler told reporters he won't resume the action until he feels better about the direction of our country He wrote in a blog post on his brand website that he wasn't okay with the state of the country and he felt like a coward for not protesting the lack of delivery on the promise of what the anthem represents I'm Brad's secret And I'm Susanna Palmer in the Bloomberg newsroom a federal judge yesterday dismissed to Donald.
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"A new baby and the name would make singer Dolly Parton proud gay old Cunningham has more on the story The baby was born April 13th to first time mom and now that she's three weeks old Zeus staff have chosen the name jolene inspired by the Dolly Parton classic and a particular line in the song Orangutan's hair is auburn colored until now primate keepers haven't been able to get close enough to tell whether the baby was a boy or a girl much less give her a name They say as the weather improves mother kitchen and baby jolene will be outdoors more often for visitors to see Thanks to California Hawaii ranks number two for the nation's highest average price of the pump Yesterday aloha state motorists were paying on average $5 28.1 cents for a gallon of regular unleaded gasoline Georgia remains home to the best price of the pump Meanwhile California residents were paying an average of $5 78.5 cents per gallon I'm Julie Ryan And I'm Susanna Palmer in the Bloomberg newsroom Mayor Eric Adams says he is concerned about rising coronavirus numbers in the city but is not ready to bring back restrictions Adams says we are not there yet when asked if he's considering reinstating a mask of mandate in schools If this stays at this level we may pivot and ship is still due mandates If we see an increase in hospitalization and deaths that is alarming we may ship COVID pivots and shift I'm going to pivot and ship The city's COVID transmission rate is up 32% in the last week and a half and the highest it's been since early February New York City has its highest COVID hospitalization rate since early March The group transportation alternatives says 8 New Yorkers have died from traffic accidents just in the last four days The latest was yesterday afternoon when police say a man on a motorized bike was hit by a white van after his brakes locked up and flung him onto the road New York won quotes transportation alternatives in reporting that there's been a 13% increase year over year in traffic fatalities Mayor Adams says he wants to look at which intersections are the most dangerous Labor issues continue at Starbucks We get more about that from Bloomberg's Denise Pellegrini U.S. labor board prosecutors say Starbucks violated federal law by threatening firing and carrying out surveillance on union activists in New York And these allegations were brought to the agency by workers united That's the labor group that is one in votes at more than 50 Starbucks stores in the U.S. beginning with that landmark victory last December in Buffalo and Starbucks in an emailed statement disputes the claims that company says the complaint represents only the start of a litigation process Bloomberg's Denise Pellegrini reporting there 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 intelligence The new tools that a metaverse can bring that allows you to create more immersive content Beginning to sell less oil more electrons in the research and data on 2000 companies and 130 industry The supply chain breakdown is combining with labor shortages Eastern manufacturers continue to dominate or will there be a renewed interest in western manufacturers Bloomberg intelligence with Alex Steele and Paul's weenie on Bloomberg Over the next hour we dig inside the big business stories impacting Wall Street and global markets with in depth research and data on some of the 2000 companies and 130 industries our animals cover worldwide Coming up today the path ahead for Amazon after disappointing quarter plus what to watch out for.
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"The country music duo the judds Her daughters wynonna and Ashley confirmed her passing in a statement On Instagram Ashley said she lost her mother quote to the disease of mental illness The news comes just months before Naomi and wynonna were to begin a farewell tour I'm Jim Forbes A couple is married Madeira after their connecting flight to Las Vegas was canceled Julie Ryan has the details A Southwest Airlines Facebook post said Pam and Jeremy flew from Oklahoma City to Dallas dressed for their wedding when another traveler who happened to be an ordained minister overheard them discussing whether they would miss their wedding appointment When Pam boarded in her wedding dress the couple joked they should get married on the flight The captain approved and southwest congratulated the newlyweds on a wedding neither their employees nor passengers are likely to forget I'm Julie Ryan and I'm Dina kodiak And I've done these Pellegrini in the Bloomberg newsroom Reaction coming into that high level congressional visit to Ukraine and Poland that we've been talking about Ukraine ambassador oksana makarova calling the visit an important sign of support for Ukraine We feel and we know that Americans are our brothers and sisters in this fight for freedom for democracy An ambassador Margaret also saying Russia is doubling down in the southern end eastern part of the country now You know Ukraine is one of the breadbaskets of the world And now finally there is word that enough great is actually made its way out of Ukraine to fill an export vessel in neighboring Romania that is now set sail More on that front Bluebird's Charlie Charlie Denise and marks a small but important first step toward easing the backlog of crops the war has left piled up at home Russia's invasion of Ukraine has shut most of the country's ports that vessel is bound for Spain and further cargoes are said to be planned for early and mid may Denise All right thank you Charlie And investors of course on fed watch with the Central Bank expected to dish out a half point interest rate increase in this coming week We'll be tracking developments live for you with special programming here on Bloomberg radio Bringing you the headlines and also the insight you need to understand what's happening And a hearing is set for tomorrow to determine if the remaining three survivors of the 1921 Tulsa race massacre will be able to take their case to trial Attorneys for the three will argue that the city of Tulsa should be held accountable for the public nuisance created by the massacre Demario Solomon Simmons is representing the three survivors all of them over 100 years old We believe that we should.
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"Julie Ryan And I'm do these Pellegrini in the Bloomberg newsroom Tens of thousands of investors gathering in person in Omaha for Berkshire Hathaway's conference after a two year pandemic hiatus Shield manhood and his brother Rishi traveled from California to have the chance to talk with other investors Just like meeting a lot of other cool people who are a lot of other nerds Yeah people like us And Warren Buffett's conglomerate indicating at the shareholder conference today It's been spending some of its cash pile on Chevron And other investments in acquisitions And Bloomberg editor Sally bakewell says the Berkshire team is also signaling to investors It will only spend down its cash pile on things that sure about The language they use was quite strong I think Buffett said you know they'd rather psychologically die than lose any money on behalf of their shareholders So obviously very particular to make an obvious statement in where they are putting their money and this quarter has thrown up a few more opportunities than previous one And bakewell also says Berkshire's share repurchases slowed and Berkshire's operating earnings inched slightly higher Investors picking up the pieces after yesterday's Wall Street sell off looking over their four-o-one-ks perhaps and seeing many popular retirement funds down more than 10% so far this year More from Bloomberg's Charlie pellet Denise some of those funds are actually in or approaching bear market territory many of the retirement funds are unsurprisingly growth oriented and heavy on mega cap tech stocks such as Amazon which plunged after the ecommerce giant reported a quarterly loss instead of May lose money again in the current period The epic bull run in mega cap tech that began in March of 2020 led many funds to become ever more concentrated in a handful of companies Denise Thank you Charlie And global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than a 120 countries In the newsroom I'm Denise Pellegrini This is Bloomberg.
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"A dozen people are injured after a shooting at Columbia center mall in South Carolina Columbia police chief skip holbrook says some people were shot and others were hurt in the stampede We had 12 injured Notes fatalities are repeat notes fatalities Ten suffered gunshot wound Three suspects are in custody officers are still in the process of clearing them all and securing the crime scene the shooting happened about two 30 this afternoon at the mall about ten miles from Columbia South Carolina Police believe the shooting was not random and that the suspects likely knew each other The Pentagon expects Russia to launch the next phase of its military campaign in Ukraine in the coming days according to senior U.S. defense officials that could happen as soon as this weekend as Russia begins to move some of its forces back into Ukraine Russian troops were treated from around Kyiv and northern Ukraine about two weeks ago and were believed to be regrouping for another invasion Now officials think into offensive could begin any time The White House is downplaying talk of President Biden visiting Ukraine in the near future Julie Ryan reports Press secretary Jen Psaki told a podcast Biden is always ready for anything but added we are not sending the president to Ukraine British prime minister Boris Johnson surprise visit to Ukraine last weekend fueled speculation of a possible Biden trip I'm Julie Ryan New text messages reveal Utah senator Mike Lee assisted president Trump and trying to overturn the 2020 election in text exchanged with former White House chief of staff Mark Meadows the Utah Republican implored the administration to seek the help of controversial attorney Sidney Powell and later John eastman to carve out a legal path Lee eventually backed off plans to object to the certification of electoral votes saying the administration had no evidence of mass fraud Three Chinese astronauts are back on earth after 6 months in space Chinese media says the shenzhou 13 capsule landed safely in northern China on Saturday after 183 days in space it was China's longest crude space mission so far The two men and one woman carried out scientific experiments at the space station during the mission I'm Chris coraggio The president and First Lady Jill Biden are releasing their 2021 tax records Brian shook has the details The bidens earned more than $600,000 and paid more than a 150,000 in federal income taxes part of that income came from the First Lady's day job as a community college professor The bidens contributed more than $17,000 to charities Vice president Harris and the second gentleman Doug Emhoff reported a joint income of more than 1.6 million I'm Brian shook Warner Brothers discovery and AT&T both saw their stocks go up at the end of this week's trading on Wall Street the newly formed entertainment conglomerate saw a 3% increase from where stocks opened Monday going from $24 and 8 cents per share on the NASDAQ to $24 and 88 cents on Friday As for AT&T stock it went from $18 and 89 cents at the beginning of the week to $19 and 54 cents per share yesterday The telecom giant sold WarnerMedia to discovery in a merger costing $43 billion combined assets include the Warner Brothers studio in Burbank HBO CNN Food Network and animal planet Someone correctly picked all 6 numbers in the mega millions game for the second time in a week a winning ticket and last night's drawing worth $20 million was sold in Tennessee a ticket in Tuesday's drawing worth 106 million bucks was purchased in Minnesota Since there was a winner this Tuesday's jackpot in the multi state lottery will be worth 20 million Friday's numbers were four 17 20 46 64 and the mega number was 23 The odds of matching all 6 numbers in the mega millions game is one in.
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"The UN human rights office has reporting at least 847 Ukrainian citizens have been killed since the beginning of the Russian invasion nearly 1400 civilians have been wounded The agency said most of the casualties were caused from shelling missile and air strikes the real toll is thought to be much higher but casualty reports from badly hit cities have yet to be verified Ukraine's president is calling for meaningful talks to stop the Russian invasion in a video message early Saturday president zelensky said he had a message from Moscow the time has come for a meeting it is time to talk He said territorial integrity and justice needed to be restored in Ukraine or he warned Russia's losses will be such that it will take you several generations to recover President Biden is warning Chinese president Xi about aiding Russia in its war against Ukraine The White House says during a two hour call Friday Biden warned about the implications and consequences of Chinese aid to Russia Press secretary Jen Psaki The president spent the vast majority of the nearly two hours with the president outlining the views of the United States and our allies and partners on this crisis including a detailed overview of efforts to prevent and then respond to the invasion she reportedly told Biden that conflicting confrontation are not in the interest of anyone and that China and the U.S. have a responsibility to work for peace Flags are flying at half staff at the U.S. capitol in honor of Alaska congressman Don young the 88 year old Republican who was the longest serving member of Congress passed away Friday He served 25 consecutive terms in Congress before his death Volkswagen is recalling nearly 250,000 vehicles in the U.S. and Canada The car manufacturer wants to pull 246,000 Atlas and Atlas cross SUVs off the road due to a wiring issue that could affect airbags windows and brakes The recall includes Atlas SUVs in the model years 2019 through 2023 and model years 2020 through 2023 for the cross sport I'm Julie Ryan Fewer Americans than ever are smoking cigarettes Has more That's according to the CDC which says 12 and a half percent of American adults lit one up in 2020 That's the lowest number since 1965 when data began being collected As for the overall look at tobacco product use during the pandemic ravaged year 19% of adults use them that comes out to more than 47 million Americans American Airlines is getting ready to open the bar more from Brian shook On Thursday the airline revealed it will resume alcohol sales on certain flights starting April 18th The company stopped those sales around two years ago due to the coronavirus pandemic bringing back the service was also delayed due to the rise of unruly passengers Last month Southwest Airlines brought back its alcohol sales for flights I'm Brian shook The price of a home isn't getting any cheaper Lisa Taylor reports The median price for an existing home sold last month top $357,000 That's a 15% jump from one year ago The figure came as the national association of realtors revealed sales dropped by more than 7% in February to a rate of just over 6 million units The group's chief economist said the coming jump in mortgage rates will make things very interesting I'm Lisa Taylor SpaceX launches more Starlink communication satellites Early this morning a falcon 9 rocket lifted off from cape canaveral after a weather delay earlier yesterday to deploy 53 Starlink satellites in the lower earth orbit A street in New Jersey is being renamed parliament funkadelic way in honor of George Clinton the funk legend was honored Thursday in Plainfield New Jersey where Clinton started parliament funkadelic in a barbershop in the early 1960s The asbury park press says the crowd at the event saying tear the roof off the sucker as Clinton held up his new street sign Clinton was also honored in his hometown of Newark New Jersey where a music room was named after him at Avon elementary school I'm Julie Ryan And I'm susannah Palmer in the Bloomberg newsroom Governor Kathy hochul announced today that COVID related hospitalizations in New York State are at their lowest point since August 3rd 5 COVID deaths were also announced today Meantime vaccine mandates in the private sector in New York City aren't going away anytime soon New York City's new health commissioner doctor ashwin vasan said yesterday the city's mandate will remain in place indefinitely Our mandates have been among the most important lifesaving policies that we've put into place throughout this pandemic Doctor vasan also said he was keeping the city's mask mandate for children under the age of 5 in place until further notice Mary Eric Adams is taking his campaign against gun violence national at a stop in Chicago yesterday a city that's seen a huge surge in homicides and shootings Adams met with mayor Lori Lightfoot to discuss ways to tackle gang and gun violence in their communities What I enjoy the most about the conversation is how we both focus on not only the immediate action We must do to keep our streets safe but his intervention and prevention The wife of former Goldman Sachs Group banker roger ng is becoming a key figure in his foreign bribery trial This is prosecutors argue she helped him launder millions of dollars from the looting of one MDB They want the jury to hear statements that ing's wife we've been Lim made to bankers about an account and Shell company they say she opened in 2012 even as ang's lawyers plan to call her as a witness on his behalf The defense says Lim will testify that $35.1 million transferred into an account she controlled wasn't tainted one MDB money but was for an unrelated business transaction Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts and more than 120 countries I'm susannah Palmer this is Bloomberg This is Bloomberg law A divided Supreme Court rejects a religious challenge just a little about the facts of the case Either views which prominent attorneys in.
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"I'm Julie Ryan And I'm susannah Palmer in the Bloomberg newsroom We're hearing the U.S. is considering slapping sanctions on Russia's Central Bank We get more about that from Bloomberg's Denise Pellegrini Sources tell us between joint sanctions by the U.S. and Europe This target much of the more than $600 billion in foreign reserves Russia amassed ahead of the planned invasion of Ukraine While Russia has been steadily decreasing its reliance on foreign currency the bank still had more than 16% of its holdings in dollars as of last June and about 32% in Euros Russia also had about 22% of its reserves in gold and about 13% in China's yuan and losing access to some of its reserves could be devastating for Russia's economy as it tries to shore up the ruble by selling hard currency and buying rubles instead direct intervention by Russia in recent days to support the ruble are the first of its kind for the country since 2014 And Tim ash strategist at blue bay asset tells us U.S. and European sanctions on Russia's Central Bank would cause the ruble to crash Denise Pellegrini Bloomberg radio Warren Buffett's Berkshire Hathaway said today it didn't buy back as much of its own stock in the fourth quarter but still bought back a whopping $6.9 billion worth of its own shares It shows Buffett still can't find good deals out there says Bloomberg reporter Catherine chins who covers Berkshire Hathaway Isn't finding many good companies to buy and that's obviously his preferred pat He wants to buy businesses that will kind of build out the portraiture conglomerate or he wants to buy stocks of businesses that are really good But he's sort of admitted in this year's letter that you know as much as he scorned for repurchases for many many years he's had to turn to it because Berkshire has so much cash to put to work Berkshire's quarterly operating profit climbed 45% to $7.29 billion helped out by higher earnings at its BNSF railroad and utility operations 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 Suzanne Palmer This is Bloomberg This is Bloomberg intelligence The new tools that a metaphors can bring allows you to create more immersive content Beginning to sell less oil more electrons in their research and data on 2000 companies and 130 industry The supply chain breakdown is combining with.
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"Latest I'm Julie Ryan You're listening to a special edition of Bloomberg front row I'm Eric schatzker Now the final part of my wide ranging interview with man group CEO Luke Ellis This is where the head of the world's largest publicly traded hedge fund manager weighs in on the mean stock frenzy and the rise of retail trading that we've seen during the pandemic Plus his view on quant strategies Here's that part of our conversation from earlier this year Is there consistent money to be made in quant off the boom in retail stock trading the WallStreetBets phenomenon Well I certainly don't want to pick a fight with our friends on WallStreetBets But I think on average over time the more different players there are in the market the better that is for people like us and for quants and if you look across a wide variety of markets you could see that on average for quants the more retail participation that has traditionally been good for them Clearly there were some people got the wrong side of the WallStreetBets phenomena in the last few months and is some of that was mostly that in the end was around the some of the discretionary people with over large short positions on individual names I think so I think increased participation is good for us increased volume in markets is good for us increased volatility is good for us We will get used to this idea that there's a sort of incredibly low volatilities And I think starts from basic economics that when you have all governments and all central banks following roughly the same policies economic policies And those policies involve very high future transparency about what they're going to do And they are all essentially cooperating which has been really what we've seen for the sort of most of the 20 years of this millennium the first 20 years of this Merlin then it's no surprise that we got less and less economic volatility What you've seen starting well you can choose your starting point but I would say starting with trumpism but then certainly exacerbated by what's happened in the pandemic and obviously in the UK exacerbated by Brexit Is that you've got central banks operating very separately to each other governments following quite different policies and so the place where we are in coming out of this virus is very different in different countries and the speed of it working is different And so what countries have done to their balance sheets quite different And so I think both in turn in trial country economic volatility is going to be much higher for at least the next couple of years And that's going to lead to more volatility and market Does man group have a strategy for trading Bitcoin So yeah we trade the futures and we started to trade the physical the question is how scalability is over time how liquid to these instruments stay how long do they stay liquid for One of the things you see is people tend to think that liquidity is a sort of monotonic upswing so that they see something And if it gets a bit more liquid they just assume it will keep getting and it'll never get less liquid again And what we're seeing in many contracts around the world in different things is they can go through a period where they're super liquid And then they go out of fashion and you don't see them again So a couple of years ago we made a lot of money trading egg futures in China because at one point they were trading I believe $5 billion a day eggs like the thing you bought for your breakfast There was a lot of people speculating in that market It made it a very good market for our models But it didn't last that long before people stopped looking at any one back to being edging contract with farmers and suddenly it's not a very interesting market I think one has to temper the excitement about cryptocurrencies and how much you can do in those markets until you could see where there's real liquidity Luke machine learning and artificial intelligence were supposed to revolutionize quant investing but so far they have it at least as I understand things Why is that When you look at financial markets the vast majority of what's happening is just noise There is an enormous amount of trading of movement in share prices intraday one day to the next even over time which is just noise flowing through the end artificial intelligence has a natural tendency to want to try to create a pattern in everything And so it creates a pattern in the noise but that noise is not very I mean it's not So there isn't a pattern as a short term thing You can apply it when it drops up So that's tough problem for artificial intelligence and machine learning Are you surprised at how poorly some quants even the top tier firms did in 2020 I think that there are two enemies of long-term success in quantum investing And he doesn't matter how good your brand is because it's not about your brand The first is taking too much money And if you take too much money into a strategy basically what happens is the market finds your footprint and then your alpha turns into a risk not a source of return And secondly if you don't continuously invest it's very easy to come up with some good ideas raise money sit back and count the pennies and start deciding whether you want to buy yourself a plane or a boat The trouble is markets are continuously evolving And competition is continuously trying And so if you're not consciously trying to innovate and you're not investing in that innovation then what will happen is your alphas will decay Suddenly you're left with a whole lot of money without author a menu end up making some big losses Quite however can be confusing if we looked at it as a spectrum And at one end of the spectrum I'll put renaissance technologies The firm founded by Jim simons And at the other end of the spectrum I'm going to put a QR run by cliff fastness Where does man group fit In between them We would love to be a 100% of the syncretic output It's just incredibly hard And you always find a certain amount of factors to slip into what you're doing And we have the longest and most successful track record in momentum investing in futures markets and why wouldn't we continue doing that It would be sitting to stop it So I think on your spectrum we would be 70 or 80% down towards the end that would have a medallion and a two sigma in and less So what I would think of as more the HQ average water end It makes me wonder why hasn't man group used its technological prowess to build a business in passives You could We could I think two things to it One is you know it's an Uber scale business And maybe we could or should have would have done that 15 20 years ago and the man had the cash on the balance sheet to buy BGI when BlackRock did and passed and BlackRock one right That's a good way to shoot a moment I think the but now it's too late to start a passive business I don't think you could compete And secondly the.
Bloomberg Radio New York
"julie ryan" Discussed on Bloomberg Radio New York
"That would be a new record high and a 10% jump from a year ago I'm Julie Ryan And I'm Susanna Palmer in the Bloomberg newsroom As we've been reporting targeted COVID testing in the United Kingdom has just been announced and more African countries faced travel restrictions in the UK health secretary Sajid javid announced expanded safety measures confirming the UK's first two cases of the omicron variant of the coronavirus have been found in chelmsford and Nottingham Those all that this pandemic is far from over and if there's one thing that everyone can be doing right now is if they're eligible please take your vaccine What is your first shot your second shot or your booster job If you're eligible please take your vaccine Governor Kathy hogel declared a state of emergency on Friday due to a rise in COVID-19 cases in New York and the threat of the omara variant She said the variant hasn't yet been detected in the state but that she decided to sign an executive order to allow the health department to limit non-essential non urgent procedures in hospitals and acquire critical supplies more quickly The order takes effect December 3rd The prospect of the freshly named Omar Khan variant of the virus saw an early morning selloff become a full blown crash for oil on worries over demand destruction Oil fell 13% Friday to 68 15 a barrel Airline shares stumbled Friday the most since the early days of the COVID-19 pandemic after European countries banned flights from South Africa to slow the spread of the Omaha variant More on that from Bloomberg's Charlie pellet The UK is halting arrivals from South Africa and several neighboring countries in the U.S. travel related stocks from Marriott to united and cruise operated carnival all plunged the border clamped down signal on new level of risk for tourism dependent companies whose recovery was already stalled this month by a fourth wave of coronavirus cases in Europe Charlie pellet Bloomberg radio Global news 24 hours a day on air and on Bloomberg quick take powered by more than 2700 journalists and analysts in more than 120 countries I'm Susanna Palmer This is Bloomberg.
AP News Radio
US job losses mount as economic pain deepens worldwide
"Some students in Kettering Ohio start their home school day with the pledge of allegiance it was an idea from one mom trying to make her family's new normal feel a little bit like the old one and she included neighbors I and now Jennifer stampers nine year old son Zach has had a change of heart about school I always wish the school was in the thing right tell Julie Ryan is a second grade teacher who lives on the block I think it brings the neighborhood together when we're supposed to be a part actually after