18 Burst results for "Kathy Wood"

"kathy wood" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:22 min | 4 d ago

"kathy wood" Discussed on Bloomberg Radio New York

"It's going to be very challenging for your business Meantime Netflix of course is getting into gaming some analysts are saying that could be a huge driver of future growth We're hearing so much about the metaverse is Netflix really prepared to compete there No no So you know I think I was one of the first people to say four years ago that Netflix really needed to get into gaming getting to game and I've been seeing it over and over and over again And it was happy and it was definitely the right move to do so I think the concern is how slow they're moving with already being behind One of the things that Netflix benefited from was being the first mover At pretty much everything they've been successful at They've had a first move advantage in terms of streaming domestically international distribution producing original specifically for streaming but lately they've kind of been late to the party And so you can't be years behind Microsoft and Sony and Amazon and Google and invest less money than they're investing and think just because you have a large subscriber base that you're going to be able to tax up and compete All right well we'll keep watching these headlines rolling from Netflix Andre Swanson of TransUnion always good to have your perspective here on the show Thanks Coming up retail investors now have the chance to ask business leaders like Elon Musk and Kathy wood questions directly Thanks to Robin Hood My exclusive conversation with Robin Hood's chief product officer coming up next This is Bloomberg The company grows there are more challenges What do you worry about the most The market.

Netflix Andre Swanson Sony Kathy wood Amazon TransUnion Microsoft Google Robin Hood Elon Musk Bloomberg
"kathy wood" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:54 min | 3 weeks ago

"kathy wood" Discussed on Bloomberg Radio New York

"Make of that Kelly And our view face of inflation will give way to confusion and fears of recession during the next three to 6 months If so the rapid growth rate of truly innovative companies should be rewarded handsomely Yeah I think it's interesting and part of that thread which I have to say is actually quite long She talks about this being kind of the opposite of Y two K and that the industries that are being most dealing with these excesses and inventories are the ones that are going to be disrupted by technology and therefore you're going to see kind of a flipping of what we saw about two decades ago on the growth versus inflation side John I'm not sure anyone is too worried about the risk of recession right now I guess the question is maybe this is reflected in that yield curve that we were talking about The fears for growth down the line if the fed is really aggressive in normalizing policy I'll get to that quote That direct quote because it's actually pretty interesting from Kathy wood This build up along with Eminem IPOs reminds me of Y two K this time the excesses are likely to be an industries that technology will disrupt Energy financial services and match He goes on to say transportation among others If so this disruption will be the flip side of Y two K completing the circle I have been hearing about transportation disruption for nigh on a decade now Four was on the forefront of this when it set up a mobility center in Silicon Valley I just don't see us getting away from individual car ownership and whether the power train goes from ICE to electric or not It looks like it's going to but I think at a pretty slow pace that doesn't really change the way the whole industry operates When can I get a subscription to say Mercedes and have a self-driving car just turn up on the straight for me You can get it You can get a subscription now It's interesting that you mentioned that because I'm actually on the Volvo cars website You can get a subscription to evolve So you only pay a monthly fee.

Kathy wood confusion Kelly Eminem fed John Silicon Valley Volvo
"kathy wood" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:51 min | Last month

"kathy wood" Discussed on Bloomberg Radio New York

"Leaders and government finance health academia philanthropy and more return to an inverse format after last year's event was scaled down and completely remote Of course due to the pandemic Yeah it really felt good to be back in person It was scaled down but nonetheless great to be around people and actually do panels up on stage with individuals rather than virtually We did spend three jam packed days talking about the disruptions and innovations brought on by the global pandemic along with social crises and economic hardships that we really seem developed since last march And when you want to talk innovation and how to place your bets on the future if there's one person you need to hear from well it's Kathy wood Carol sat down with the ark invest founder CEO and CIO at milking to get the backstory behind the fund managers rise to investment fame I think important to note here Carol you've known Kathy for years Back to when she started arc and you know she wasn't a household name at least in the investing world like she is today Yeah it was pretty fascinating if I think about 70 years ago I think it was And she didn't have a lot of money Didn't have a new fund out yet was just a new name in the space and her ideas of this whole idea of disruption innovation It's something we talk about pretty regularly now but back then it was a new idea After the tech and telecom bust and then even more so after O 8 O 9 I began to see just incredible risk aversion career risk business risk and everybody was worshiping the almighty index benchmarks And that was not consistent with what we were doing at all So we were becoming I describe it as an otter and otter duck You know And I also felt this was very bad behavior I feel like maybe investing in tried and true is not wrong but investing only in the past I do believe is wrong Because there are so many so there is so much in the way of innovation evolving and I did not feel like it could be funded appropriately in the public markets The private markets were screaming some valuations were crazy there The same kind of stock was selling for a fraction of the valuation and the public markets Right And so I felt there was I felt there was an arbitrage opportunity Many people in the public world said oh those private valuations Those are going to crash We didn't think that was true We thought the public market valuations were going to move up So I felt that this focus on innovation had been lost Research lost investing lost in the public markets And I said we could fulfill a huge unmet need and change this misallocation of capital which.

Kathy wood Carol Kathy Carol
"kathy wood" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:39 min | Last month

"kathy wood" Discussed on Bloomberg Radio New York

"We're not There are much bigger forces in control Some would say the feds in control Not even the feds in control So and this idea of the new creation In fact I got it was after I described what I the ecosystem that I wanted to put in place involving social media and giving our research away And I wasn't even thinking about going viral in the way that we have gone viral I was just thinking how can we get our message out Because we can't get it out through traditional channels Nobody believes in us What you're going to do it differently You're going to do differently all the way all the way all the way And so we are seeking the truth as these new technologies evolve All of them at the same time Right And cause a lot of chaos a lot of confusion a lot of FUD fear uncertainty and doubt in our markets And we're trying to allocate capital to its highest and best use do the right thing That was Kathy wood she's the founder CEO and CIO of ark invest Her conversation with Carol took place at the milk and institute global conference back in October I was there live This was a standing room only event because it was packed And you know what But you got up there with Kathy I think it was just after Steve Mnuchin was up there with our colleague romaine bostick Another great food easy act to follow But you did it Thank you thank you It was really nice to be there And both of us we had so many good conversations I think about those three days of broadcasts at you and I really talking to some really smart individuals Everybody loved being in person And I highly recommend folks go back and check out our podcast view because those shows are pretty memorable And I was so glad that we could be there All right still to come on Bloomberg business week a new inductee into The Rock and Roll Hall of Fame We're gonna shift gears a little bit Have some fun in this last 30 minutes of our special holiday broadcast So a rock and roll Hall of Famer and it also an award winning actor entrepreneur and I guess I can say man of the Scottish highlands And our best of 2021 Bloomberg businessweek Christmas weekend special It takes us onto the stage with rock legend Gina schock also on set with outlander star Sam Heughan This is Bloomberg COVID-19 has changed how we live and how we feel but now there are vaccines and they are the first step that lets us get back to the things we miss most like spread in the word without spreading concern Girls tripping instead of solo sipping and talking smack with the side of.

Kathy wood milk and institute Steve Mnuchin romaine bostick Roll Hall of Fame confusion Carol Kathy Gina schock Sam Heughan
"kathy wood" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:55 min | Last month

"kathy wood" Discussed on Bloomberg Radio New York

"The truth as these new technologies evolve All of them at the same time And cause a lot of chaos a lot of confusion a lot of FUD fear uncertainty and doubt in our markets And we're trying to allocate capital to its highest and best use do the right thing That was Kathy wood she's the founder CEO and CIO of ark invest Her conversation with Carol took place at the milken institute global conference back in October I was there live This was a standing room only event because it was packed And you know what You got up there with Kathy I think it was just after Steve Mnuchin was up there with our colleague romaine bostick Another great easy act to follow But you did it Thank you thank you It was really nice to be there And both of us we had so many good conversations I think about those three days of broadcasts you and I really talking to some really smart individuals Everybody loved being in person And I highly recommend folks go back and check out our podcast view because those shows are pretty memorable And I was so glad that we could be there All right still to come on Bloomberg business week a new inductee into The Rock and Roll Hall of Fame We're going to shift gears a little bit have some fun in this last 30 minutes of our special holiday broadcast So a rock and roll Hall of Famer and it also an award winning actor entrepreneur and I guess I can say man of the Scottish highlands And our best of 2021 Bloomberg businessweek Christmas weekend special It takes us onto the stage with rock legend Gina schock also on set with outlander star Sam Heughan This is Bloomberg COVID-19 has changed how we live and how we feel But now there are vaccines and they are the first step that lets us get back to the things we miss most like spread in the word without spreading concern Girls tripping instead of solo sipping and talking smack with the side of.

Kathy wood Steve Mnuchin romaine bostick milken institute Roll Hall of Fame confusion Carol Kathy Gina schock Sam Heughan businessweek
"kathy wood" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:41 min | Last month

"kathy wood" Discussed on Bloomberg Radio New York

"Leaders and government finance health academia philanthropy and more return to an inverse format after last year's event was scaled down and completely remote Of course due to the pandemic Yeah it really felt good to be back in person It was scaled down but nonetheless great to be around people and actually do panels up on stage with individuals rather than virtually We did spend three jam packed days talking about the disruptions and innovations brought on by the global pandemic along with social crises and economic hardships that we really seem developed since last march And when you want to talk innovation and how to place your bets on the future if there's one person you need to hear from well it's Kathy wood Carol sat down with the ark invest founder CEO and CIO at milking to get the backstory behind the fund managers rise to investment fame I think important to note here Carol you've known Kathy for years Back to when she started arc and you know she wasn't a household name at least in the investing world like she is today Yeah it was pretty fascinating I think about 70 years ago I think it was And she didn't have a lot of money Didn't have a new fund out yet was just a new name in the space And her ideas of this whole idea of disruption innovation it's something we talk about pretty regularly now but back then it was a new idea After the tech and telecom bust and then even more so after O 8 O 9 I began to see just incredible risk aversion career risk business risk and everybody was worshiping the almighty index benchmarks And that was not consistent with what we were doing at all So we were becoming I describe it as an otter and otter duck Yeah You know And I.

Kathy wood Carol Kathy Carol
"kathy wood" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

04:58 min | Last month

"kathy wood" Discussed on Bloomberg Radio New York

"Ahead of the January 5th a 5G rollout the aviation industry calls such cuts as quote inadequate the trade group airlines for America says that the industry is concerned that 5 to 5G clash could end up costing as much as $2.1 billion in flight disruptions Okay having a good to the arc fund CEO Kathy wood she's a softening her projections for return rates Keenan tells us what happened Woods put out that market comment piece Friday that originally said her more concentrated flagship strategy fund could bring in 40% compound annual returns for the next 5 years There were many on Wall Street that questioned the wisdom and legality of such a statement because check out her fund It is down more than 20% year to date Last year it was up almost 150% So a completely different story in 2021 and arc has now published an update at a clarifying footnote that says quote please note that our provides this statement from its original version to clarify any misperceptions in the marketplace The footnote goes on to say that the statement is based on arc's research views and assumption and is not a guarantee for future results Novavax expecting to have data on its COVID-19 vaccine's efficacy against the army current variants soon Here is a CEO standing ick We're evaluating the syrup from people who have already been vaccinated and looking at the response of the antibody responses to overcrowd We'll have those data within days And so our expectation based upon what we saw with alpha beta and delta is is that we'll have a robust protective level of antibodies with overcrowded just as we have with the others Now we've got Eric also saying he believes the company's vaccine can be used as a mix and match booster shot and in other news novavax vaccine gained clearance from European regulators this week It's shot currently isn't cleared for use in the United States that the company says it expects to file with the FDA by the end of the year Asian day getting underway certainly the moment getting into full swing Well not quite because we're an hour away from Shanghai and Hong Kong I'm going to the market We've got bloomers Brian Curtis having a look at the market action and certainly the gains that we were expecting Not quite a materializing as we sing also these U.S. futures turned down Yeah as we look at it it seems like most of the gains that we saw earlier we already had many or some of those gains in the session yesterday If you looked at Asian equities on yesterday's session it was a day where a lot of major benchmarks moved higher and it wasn't all that easy to see the catalyst just as this morning It's not all that easy to see the catalyst for giving back a little bit I think it's thin trading here holiday week perhaps a lot of traders not at their desks And things are getting pushed around a little bit The nikkei is up just a tenth of a percent after opening a much higher the AX 200 is flat to slightly lower New Zealand is down about two tenths of 1% It cost me does have some gains there up about four tenths of 1% So you mentioned some of the positives there with novavax and with Merck and also with Pfizer and President Biden lifted send him a little bit saying that he thought that build back better still had some room to run and that he could work with Joe Manchin or thought he could And so that did lead to some pretty sharp gains in Europe with a Dax up 1.4% The NASDAQ got 2.4% and the S&P 500 up 1.8% So we're just chopping around a little bit here at the moment The Bloomberg spot index is also moving sideways Dalian is at one 1409 here So we've seen consistently in the last 24 hours a week or yen and a stronger dollar although we have a stronger Chinese currency against the greenback the CNH 6 37 70 we had yields move up in the U.S. session and now we are trickling a little bit lower Yield on the tenure now 1.45% so down a couple of basis points the two year yield at 65 basis points down one from earlier WTI crude is still hanging on to gains up two tenths of 1% 71 27 A couple of quick notes Bitcoin rose the most in more than a month it's trading now at 48,918 and Apple got its rating its credit rating lifted to triple a by moody's investor's service and there's not many companies that have that in the U.S. just Microsoft and J&J in addition to now apple Rashad back to you All right that's a look at the markets.

Kathy wood Novavax U.S. Brian Curtis Keenan Woods arc novavax President Biden army Eric Shanghai FDA
"kathy wood" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

07:07 min | Last month

"kathy wood" Discussed on Bloomberg Radio New York

"I'm at Baxter And I'm to these Pellegrino Denise Kathy wood is one of the most closely followed investors around these days She sure is and she's the CEO of course of arc investing Yeah and still getting a lot of attention even though some of her more tech focused exchange traded funds have struggled a bit One of them is down what More than 20% this year I think Yeah And now she has a new one focused on transparency And she tells Bloomberg's romaine bostick Taylor Riggs and Eric bolson is all about this new arc transparency ETF Check this out Let's start off with the new ETF here I hear the word transparency I look at some of the members in here Nvidia and phase HP and a few others What's the common thread that ties all these companies together First I should say we have started this ETF based on Paul Pagano's transparency metrics Paul pagnato wrote a book called the transparency wave And reflected on what happened after O 8 O 9 And what kind of stocks came out of that and have done very well And it has been those stocks that are those companies that are very transparent So O 8 O 9 had a big impact on him He wrote a book about it We've looked at the metrics We are now certified as transparent ourselves in the world of transparency And we agree with it In fact we call ourselves radically transparent We give our research away We want to communicate as much as we possibly can with our clients We want to engage with the communities that we are researching So we want to share our research with them And it's worked out really well In many ways we've gone viral around the world because we're one of the first sharing economy company in the asset management space when it comes to research So we think Paul has a very good idea He's documented it beautifully And so this index includes the hundred most transparent companies in the world And it's an equally equal weighted index Let's take a step back here and look at your overall flagship fund or all of your funds One thing that I think people are looking at this year they've had a lot of struggles Some of the stocks are down big At what point do you rethink your thesis for some of these stocks We see you buying into some of the pain But not every call works out So some of your investors I think want to know is there a time you throw in the towel Do you have an example of that Or are you looking to do that with any stocks you currently hold Yes What you see us doing especially during periods where our style is out of favor Which is very unusual in a bull market by the way The highly unusual But what we usually do is consolidate our holdings towards our highest conviction names And a lot of commentators noted earlier in the year During the February through May wash out in the innovation space that we sold our Chinese stocks Now in the flagship fund we moved completely out because we are consolidating our concentrating our portfolio towards our highest conviction names Now that turned out to be a very good move And we've seen that concentration work many times where we've lost some conviction We still like a stock would normally sell it But we like these other stocks better We have much more conviction in these other names And those are the names in our top ten So the Tesla the Roku Teladoc square Shopify and so forth So that's when we make a lot of those moves Of course you saw a sell Zillow recently It was a little bit of the same Our style has been under pressure Zillow does something most unexpected changes the strategy that we thought they had been working towards for ten years with rich Barton the founder of the company coming back around to execute on this Zillow offers And then they pulled out They realized they didn't have the right DNA for it And so we might have known that ourselves I suppose but it involved artificial intelligence We thought rich fart and was right there was on top of it So we did sell on fundamentals that particular name Talk to me when you talk about investing in some of your highest conviction names It does create concentration risk not only with a single stock as much as 8 9% in a single ETF that that name repeats itself in many and several different ETFs How are you thinking about concentration risk when things do move to the downside Yes what we are usually doing in a bull market and you saw us do this last year is as a bull market extends We actually diversify our portfolio more and more putting in names like the fangs which we consider more cash like instruments in our world we're much more focused on the innovators of the future So you will see us do that And that's what we use to concentrate our portfolios during downturns Because most of our counterparts are doing the opposite What they're doing is selling our stocks our stocks either are not in indexes or they're very very small parts of indexes And so when traditional asset managers are managing their portfolios in a risk off situation their diversifying to get closer to their indexes They're buying index stocks and they're selling our stocks So we are there to pick up the pieces And it usually works out very well well I will say that this risk off period which started in February And is still in force Is a very unusual one for us I've never been in a market that is up has appreciated And our strategies are down That has never happened before Sorry for erupting do you then change your strategy If you've never seen this before where there's an appreciation but your strategy isn't working Do you change your strategy We have a 5 year investment time horizon our strategy is our strategy And we believe that truth will win And in the end so we think the opportunity in our strategy is huge right now In fact we believe based on our estimates we expect a compound annual rate of return of roughly 40% over the next 5 years That's a quadrupling And the peak of our strategy in February That number was 15% That is our minimum hurdle rate of return Course we're going through soul searching saying are we missing something And we doubled down on our research And we doubled down on our modeling What you should also know is to get to that 40% compound.

Pellegrino Denise Kathy wood romaine bostick Taylor Riggs Eric bolson Paul Pagano Paul pagnato Zillow Baxter Roku Teladoc square rich Barton Bloomberg Nvidia HP Tesla Paul
"kathy wood" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

04:58 min | Last month

"kathy wood" Discussed on Bloomberg Radio New York

"It is 8 30 a.m. in Hong Kong and 11th 30 a.m. here in Sydney I'm Juliette Sully And I'm Brian curtiss training his underway in Sydney Tokyo and Seoul and we're pulling back just a little bit today after a very strong week otherwise We've got an hour to go before we get the Hong Kong and China markets opening up Hank sing index futures are down so are China futures But the day is young and at the moment the Nike is trading off about four tenths of 1% Details on markets coming up but for now the top stories Well our investment CEO Kathy wood says the firm is quote going through soul searching This comes as its growth focused funds are falling out of favor Wood noted that the companies she invests in are aggressively investing in the future and she told us that higher interest rate fears have weighed on arc funds I will say that this risk of period which started in February And is still in force Is a very unusual one for us I've never been in a market that is up has appreciated And our strategies are down That has never happened before The $17.8 billion arc innovation ETF has tumbled more than 20% this year Several of its top holdings like EV giant Tesla and video streaming platform Roku also down from their peaks and during the same period the S&P 500 Index has climbed about 24% Tesla is actually held up reasonably well but it did have a pretty bad session today down 6.1% While U.S. commerce secretary Gina raimondo says legislation to spur domestic chip manufacturing needs more rules as to prevent funds from going toward production in China Raimondo said that lawmakers will have to decide what those guardrails come with funding So not the administration but rather the Congress However she did warn that Congress should not wait until 2022 to pass the chip Bill If it can't be done before Christmas it has to be done in January because the consequences of not facing this problem long run are really quite devastating to our economy and our national security Despite bipartisan support the legislation has been in limbo for months In November an agreement was announced to craft a version of the chips bill that could pass in both chambers of Congress but so far it hasn't yielded any new proposals One New Zealand plans to raise the legal smoking age by one year every year that would effectively ban the sale of tobacco to people born after 2008 Bloomberg's Paul Allen tells us more So the associate administer of health win announcing this bill said that we want to make sure that young people never stop smoking There will be other measures involved as well including curbing the number of outlets that can sell it only products with low levels of nicotine will be able to be sold after 2025 Ultimately New Zealand's government aims to create a smoke free generation and reduce the prevalence of smoking to less than 5% in all population groups Checking in on Asian markets after we saw U.S. stocks fall on bonds rally on concerns over the economic impact of omicron It is a bit of a risk off session particularly in South Korea The Cosby is down by 9 tenths of 1% We're seeing Japan's nikkei two two 5 down by about four tenths of 1% with service providers very much weighing electronics makers though moving higher In Australia the ASX 200 down for a second session as tick and health shares tumble it is off by a third of 1% here in Sydney and the entered X 50 is down two tenths of 1% Elsewhere we are watching stocks tied to evergrande group when Hong Kong reopens They could move after the embattled developer was officially labeled a defaulter for the first time fit ratings cutting evergreen to restricted default over its failure to make two coupon payments by the end of a grace period on Monday and that came just minutes after featured applied the same default label to Kaiser group holdings The offshore you are dropping to its lowest level this month is after China forced banks to hold more foreign currencies in reserve for the second time this year The most substantial move yet to rein in the search engine yuan we had a week of fix yesterday Remember as well after we had seen the one rise to its highest level since 2018 WTI crude $70 55 a barrel and we are seeing the spot gold price holding around 1777 U.S. dollars announced Brian I've had a chance to think a little bit more about the question that you posed earlier about whether or not the bulls are running in pamplona I mean in China and I think it depends on whether or not what the PBOC is doing right now and what the policymakers are doing right now is tinkering Are they just doing a little fine tuning Or is this kind of the beginning of an easing cycle If it's the easing cycle I say yes the balls will run If not probably go back Hedging events there Brian That's the best way to be able Well when you're a neutral journalist exactly To do that All right the time 35 minutes past the hour time for global news.

Juliette Sully Brian curtiss Kathy wood Hong Kong China Sydney Tesla Gina raimondo Congress Seoul Raimondo Tokyo Nike U.S.
"kathy wood" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:16 min | 2 months ago

"kathy wood" Discussed on Bloomberg Radio New York

"Reinventing how lending and personal finance work Cybersecurity we think is a very attractive area for obvious reasons Healthcare innovation the ability to provide various digital health solutions cloud technology if we think about what it's called generally data gravity which is simply the amount of data created are exceeds the bandwidth that allows us to process it And when you have all of this cloud migration to off premise hybrid or even on premise there's a lot of challenges with the interoperability of the applications and security So there's a lot of technology that's helping that work We think agricultural technologies really attractive So without naming specific companies we really think there's a lot of innovation that's happening and we're trying to provide that to our clients But 23andMe is one that is certainly of interest correct And the reason I bring it up is business week recently did a story And it's not just about figuring out your ancestry But it's also them being able to collect data and then ultimately use it to develop healthcare is that of interest to you and just got about 30 seconds forgive me Yeah it is It is and that's the position that our fund has held I think what you're getting at is this is becoming more of a genomics play right And a lot of the pharmaceutical companies can use this data to really help create a lot of different solutions using the research they can apply with this data So yes that's absolutely a very interesting thing All right got it run Really fascinating And I hope you come back soon I really appreciate it Christian monopoly is chief investment officer at liberty street advisers portfolio manager of the private shares fund and very interesting to hear about some of the areas that he's finding that ticker by the way PII VX Aerospace fascinating Aerospace Satellites up there Yeah absolutely And it feels like I'm talking down with Kathy wood That's the idea All right folks Just got a few minutes left in today's trade It's time for beyond the bell Let's cross over to our TV team Where we'll cut you out of the closing bell on this Thursday The bell Bloomberg's comprehensive cross platform coverage of the U.S. market closed aren't right now And right now we are two minutes away from the end of the trading day Romain bostick Caroline high Taylor.

liberty street Kathy wood bell Bloomberg U.S. Romain bostick Caroline high T
"kathy wood" Discussed on The Breakdown with NLW

The Breakdown with NLW

05:33 min | 3 months ago

"kathy wood" Discussed on The Breakdown with NLW

"NY DIG dot com slash nlw. Michael sailor came in and responded to Elon's tweet saying inflation is a vector and is clearly evident in an array of products services and assets, not currently measured by CPI or PCE. Bitcoin is the most practical solution for a consumer investor or corporation seeking inflation protection over the long term. But Kathy wood is not done, she responds to Elon again. Remember his tweet said I don't know about long term, but short term we are seeing strong inflationary pressure. She quote tweets that and says inflation has flared in response to COVID related supply chain bottlenecks and oil supply constraints. But in my humble opinion, the powerful and converging deflationary forces associated with AI, energy storage, electric vehicles, robotics, genomic sequencing and blockchain technology will bend the curve. If they expect lower prices most consumers and businesses will defer purchases, exacerbating a decline in the velocity of money. Despite the bursts encyclical innovation during the last year, velocity is hovering at low levels. If arc investors correct, the next leg will be down. I am struck by the behavior of millennials who, at the margin, are sacrificing short term consumption to pay down student loans or invest in crypto and other assets. Bank loan growth also is tepid, which would not be the case of velocity or increasing. The consensus view is that inflation will remain an issue and could get worse, suggesting that the equity and fixed income markets are incorporating it into discount rates. Deflation would be the bigger surprise. Our investors open minded and would like to continue this dialog. Now obviously it's not just super famous people who are in this conversation. That's what makes Twitter great. And Nicole dobra, whose profile reads framing Bitcoin for progressives, promoting Bitcoin adoption through an equity lens, which is frankly awesome, right? Your argument overlooks the poor and working class who are most catastrophically impacted by rising food and gas prices, but not materially impacted by a cheaper laptop. You may also be underestimating how far the government will go to fight deflation. Kathy wood responds again and says today, yes, soaring food and energy prices are the equivalent of extremely regressive and impressive tax increases. In the not too distant future innovation, including electric vehicles and gene editing will deliver the equivalent of massive tax cuts. Jeff booth, who has written an entire book about deflation and the Bitcoin argument that stems from deflation, respond to that tweet and says, Kathy wood, this is where you are missing the point. The existing monetary system of the world requires inflation to survive. Technology is the opposing force and stronger, which means the existing system must collapse or concentrate all wealth and power in the hands of a few. Now, Jeff went on to add a few more nuggets. He writes, the system is based on credit, without constant growth, the credit can't be paid back and unwinds, unwinding everything on top of it. Bitcoin could be looked at as a network transfer from one system to another because the system can't allow it. Similar to how a large company might set up a separate or isolated unit to compete against itself so it can maintain itself while transitioning to the future IE the iPhone. Inflation is flared in response to money printing, which is caused supply constraints elsewhere. Government will be forced to continue printing or face a deflationary depression. Abundance and money equal scarcity everywhere else scarcity and money equals abundance everywhere else. Finally, when someone ragged on Kathy Jeff responded, she is just a smart investor who understands technologies exponential trend and came to the conclusions on her own. Either way, she is right about deflation, but potentially not considering how far governments will or must go to try to offset it. So as I said at the beginning, this is truly one of the most significant, if not the most significant macro level debate in the world. Just look at how much energy the Federal Reserve puts into defining, explaining and pitching us on what our expectations of inflation should be. In fact, if you listen to someone like Jeff Snyder, his argument is that the fed's main power, the main tool through which they exert power is, in fact, media, it is in fact the narrative and not really monetary policy. Now he has different reasons for that, but I think that it's an interesting way to look at this conversation. When you see just how dominating inflation or deflation and expectations that arise from that are when it comes to headlines. I think one of the best things about watching this conversation unfold on Twitter over the last week is that the vast majority of people are engaging in good faith. And maybe that's because Kathy has her bona fides as a long term Bitcoin. But in either case, there haven't been calls to cancel her debates or angry responses suggesting she's full of shit. It's largely people who just have different takes and are trying to express them. I often think about how fascinating it is that you can have so so many smart people and still not have any sort of thing resembling a consensus on this issue. Whatever the case it's going to shape a lot of what comes next and as I pointed out on other shows, it seems to me pretty clear that it's not just going to be one clean story or one clean line. The forces pushing society towards deflationary pressures, as well as the ones pushing society towards inflationary pressures are going to be constantly interacting with one another, shaping our short term destinies. Given that I'm glad we're having the debate and I'm glad you stuck around to listen to this one as well. I hope you were having a great Halloween weekend and until tomorrow be safe and take care of each other. Peace.

Kathy wood Michael sailor Bitcoin Nicole dobra Jeff booth Elon Kathy Jeff Jeff Snyder Twitter nuggets fed Jeff depression Kathy
"kathy wood" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:52 min | 3 months ago

"kathy wood" Discussed on Bloomberg Radio New York

"Theme of charting a new course We spent three jam packed days examining the disruptions and innovations brought on by the global pandemic along with social crises economic hardships that we've seen develop over the past year and a half Some of those hardships spurred on by ongoing supply chain shortages That was something that came into so many of our conversations at milk and we're going to get into that and specifically what The White House is doing to relieve some of those pressures We'll do that with the Siemens USA president and CEO Barbara humpton I have to say overall Tim it was just so many of the main macro themes whether it supply chains whether it's tensions with China whether it's finding enough employees the workforce that was really top of mind for everybody at milk One of the highlights of the conference at least for me and I know it was for you as well was when you got to sit down for 40 minutes with none other than ark invest's Kathy wood Yeah she's the founder She's the CEO She's the CIO of really one of the ETFs funds that in the last 7 years have just taken the world on big time with her disruptive and innovative investing strategy We had a wide ranging discussion everything from China to Tesla course She says arcs base case is $3000 a share We even did a little bit of crypto talk as well It was timely because we sat down on the day that the new pro shares Bitcoin ETF made its debut and I asked her about that Speaking of crypto E toro calls itself the world's largest social trading network It is seeing explosive growth in the crypto space We talked to E toro cofounder and CEO yoni isa He still expects to go public with a spec in the fourth quarter of the year We also talked some politics Former labor and transportation secretary lane She stopped by to talk infrastructure the job market and the shadow cast by former president Donald Trump over the Republican Party particularly in the wake of the January 6th ride at the U.S. capitol building Plus the woman behind one of the biggest ESG stories of the year engine number one CEO Jennifer grancia shed light on her company's impact investing strategy and the company's new total value framework which establishes forward valuations of public companies based on their progress with ESG initiatives You heard about the story with ExxonMobil It really truly was a David versus Goliath story I gotta say I'm a fan girl Can I say that You can say it I'll allow it Okay thank you All of that more to come We begin with Orlando bravo He is founder and managing partner at tomo bravo He joined us to talk about the state of specs And he could not have been more excited to get back to doing business in person after a year and a half of zooms and virtual meetings You could just feel how much happiness he had to be there in person at milking The conference is awesome Think about it We're here in LA A lot of it is outside the weather's perfect I've gotten to see some of our limited partners that I hadn't seen in two to three years Wow So some of the old Friends and also meet a lot of new people So it's just been great One meeting after the other right 15 minute meetings and then trying to see as many people Face to face like it's remarkable right Unbelievable So okay let's talk about facts Because I was looking at some of the indexes they're down as a group about 10% so far this year They're down about 30% If you look at certain indexes from the mid February where are we Because people are talking about the death of spacs And as to mentioned earlier I mean these are cycles that things go through Specs are not a new investment vehicle Exactly Sparks are going to come back They are They've been around for whatever 25 or 30 years But why do we think that there was this incredible craze to spacs It's because technology companies There's so much innovation and so much new business creation and so many tech companies being formed that are getting to scale that the financial markets are trying to adapt.

Siemens USA Barbara humpton Kathy wood yoni isa U.S. capitol building Jennifer grancia China Orlando bravo tomo bravo White House ark Tesla Tim toro Donald Trump Republican Party ExxonMobil
"kathy wood" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:54 min | 3 months ago

"kathy wood" Discussed on Bloomberg Radio New York

"Is 75% of the consumer savings in China Individual in China And if yes individual saving if the prices are going down which they have been I think that could really hurt consumer confidence I think it already is And then last weekend we can before The government the national government went after the regulators regulators who had focused on the financial industry as well as the financial institutions I'm just saying wow they're playing with fire It's a movie Yeah And talk about a cyclical risk out there think about that if we lose China at the margin China has been responsible for a tremendous amount of cyclical growth And commodity price inflation Okay and then of course was Kathy wood founder CEO chief investment officer of ark invest So much to talk about but it is interesting to have watched her investments in China specifically because she was in and then quickly got out and it was you know you and I have had conversations with her on a or two about just her back and forth with it but she's very much watching what president she is up to What I found really fascinating about that is the signal that she saw when Jack Ma was I think she used the term bench or at least pushed us back Travel Did you see this story There was a story in the Bloomberg I think he traveled for the first time today maybe out of China And that was to her a signal of what was to come in China and certainly since then we've seen the government crack down on nearly every industry But as she mentioned she's not out of the country She's thinking about it differently in these different cities that are necessarily getting the headlines Very specific investments I did think it was fascinating to what she said she found it surprising for president G to be targeting real estate because so much of wealth Chinese individuals have bought property and that's really a big part of their wealth so that if he is increasing oversight of it and reduces the value that will hit into their wealth.

China Kathy wood national government Jack Ma ark
"kathy wood" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:50 min | 3 months ago

"kathy wood" Discussed on Bloomberg Radio New York

"97 a barrel Equities pushing higher traders away in corporate earnings against risks from inflationary pressures Netflix reported last night Netflix shares trading lower by 2.25% after the vowel we will be hearing from Tesla Tesla now by three tenths of 1% Sources tell Bloomberg PayPal is exploring an acquisition of social media company Pinterest PayPal shares down 5% Pinterest up by 13.7% Recapping S&P up 16 up four tenths of 1% I'm Charlie peloton that is a Bloomberg business flash All right Charlie really appreciate it Well one of the feature conversations that the milken institute this year was Kathy wood founder CEO and CIO of Arkansas Again our company about 7 years ago she gave Bloomberg radio the first interview She gave you the first interview Myself and pin Fox and I remember it really well And I got to keep you know we point out that she beat just about every stock picker She did beat actually every stock picker in 2020 She bet on the innovators and DNA development I mean just an outperformance This year we know it's been tougher One of her names though that she's been in We know Tesla We'll talk about that later But she's also been in and out of China in terms of her exposure there So so much to get into And here's a little excerpt where we talked about our investment strategy in China Our first move away from China was when China was had a very strong move and the innovation there was being deeply appreciated while ours was not So that was that kind of move The second time we moved or then we moved in why We saw the reaction to COVID And we got more interested because it was the most disciplined.

Tesla Tesla Netflix Pinterest Kathy wood PayPal Bloomberg radio Charlie milken institute Bloomberg China Arkansas Fox Tesla
"kathy wood" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:48 min | 3 months ago

"kathy wood" Discussed on Bloomberg Radio New York

"The names that move markets are investment CEO Kathy wood I'm much preferred to be climbing a wall of worry Those are the strongest markets Morgan Stanley CEO James Gorman I think the market has digested that the fed will have to move GM CEO Mary Barra We want to make sure that we see the revisions to the EV tax credit The names that matter Bluebird 11 three O the Bloomberg business app and Bloomberg radio dot com There are a lot of ways to look at the world right now Interesting that you've got an overweight on Hong Kong And the more of them you can access the better What has to be his strategy Perspective Who's doing school best clarity How do we get it to that The benefits get to everybody Expertise He seems to have exactly the right combination It's character plus policy Bloomberg radio the Bloomberg business app and Bloomberg radio dot com Bloomberg the world is listening As a research university and JIT make smart technologies even smarter That's why NJ IT graduate and civil engineer Anya odoi says the university is so important for her industry Construction and civil engineering is always going to have cranes and people and movement but how we're designing and implementing things That's what's changing We have millions of data points now that we never had before and that's allowed us to think about planning and design in a way that we haven't done so before And JIT is very much at the forefront of that Collecting data understanding data manipulating data Having access to the surgery like NG IT which is constantly focused on research and innovation is so important for the industry.

Bloomberg Kathy wood James Gorman Mary Barra com Bloomberg Morgan Stanley Bluebird Anya odoi GM fed Hong Kong
"kathy wood" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:45 min | 3 months ago

"kathy wood" Discussed on Bloomberg Radio New York

"So disruption Disruption going to leave it on that note Thank you Thank you Thank you Thank you That is Bloomberg's Carol master and conversation with Kathy wood the founder of arc investment life from the milken conference in Beverly Hills California Very wide ranging conversation One of the things that of the many things that would highlighted her firm has no exposure to China in the flagship arc ETF among other topics they were chatting a bit about Tesla wood says $3000 is her based case for Tesla shares by the way the company will report earnings tomorrow We're currently seeing Tesla trade around us 864 and wood said that her firm did not participate in the first day of trading in this first Bitcoin futures backed ETF which made big news today in the states And speaking of Bitcoin we're above 64,000 I'm Doug Kristen from Bloomberg world headquarters in New York This is Bloomberg daybreak I'm joined this hour by my colleague Rashad salami from our studios in Hong Kong wish will be by with a look at one of the sourest top business stories right after I fill you in on today's price section Equities have moved higher today earnings One of the key drivers we had results from Johnson & Johnson topping estimates in the company went on to raise its annual forecast pharmaceutical shares generally speaking advanced we had the S&P for me subgroup up about 2% today However the numbers from Procter & Gamble accentuated a key fear here margins under pressure now from higher commodity and freight cost P and G shares were down about 1.2% today and we had to move up in interest rates with a ten year treasury picking up about four basis points and yield We were last quoted here in New York at one 63 in terms of the equity trade We had the S&P higher by a little more than 7 tenths of 1% The Dow up 6 tenths of 1% nearly and the NASDAQ composite with the gain of about 7 tenths of 1% Later in the session in Asia Chinese property prices and China's loan prime rates will be talking more about that as we continue here on daybreak Asia Let's get to Rashad in Hong Kong hey rich I'm just having that the first Bitcoin linked ETF which listed in the U.S. of course having its debut becoming the second most heavily exchanged traded fund on record It's the pro shares Bitcoin strategy ETF training under the ticket bitter BIT O Bloomberg data showing that more than 24 million shares changed hands Tuesday Guggenheim global CIO Scott miner says and sees it as a compelling way for investors to bypass a Bitcoin wallets at the same time mine had said to the big winners in crypto remain to be seen But he would not short Bitcoin You see.

Tesla Kathy wood Doug Kristen Bloomberg world headquarters Rashad salami Bloomberg Beverly Hills Carol China Hong Kong Johnson & Johnson New York California Procter & Gamble wood Asia
"kathy wood" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:51 min | 3 months ago

"kathy wood" Discussed on Bloomberg Radio New York

"Texas intermediate crude up 6 tenths of 1% 82 96 a barrel Bitcoin now down two tenths of 1% 64,000 even I'm Charlie pellet that Joe Matthew is a Bloomberg business flash Charlie we thank you as we stand by for a special conversation with ark invest's Kathy wood And we'll be hearing from Kathy wood in a conversation with Bloomberg's own Carol masser in just a moment and bring that to you live It's just the latest from this milliken institute global conference that you've been hearing so many conversations from over the course of this week on Bloomberg ready and we do it again right now We bring you live to Beverly Hills Bloomberg's Carol masser along with archived CEO Cathy wood A woman investor of I feel like our decade already And she and I have been talking for about 7 years since she started first interview There's an interview We were barely off the ground And I was so grateful You resonated with me That's for sure because you have really tapped into so many of the trends that have we're talking about today and living I mean I live with this thing for instance But you know one of the questions I think we all want to know today is did you buy the pro shares Bitcoin ETF No we did not And one of the reasons is we're looking at this very carefully that in the futures there are some tax ramifications We'd like to understand more having to do with contango which is what can tango versus more normal backwardation So not yet We're not yet All right So I said that Kathy and I have known each other for 7 years and we have been talking when you did come on I don't even think you had your Friends launch yet Nope You talked with pin Fox and myself I'm Bloomberg radio So let's go back Because how did you get here I mean my gut from just talking to you is that there was no plan to be a celebrity fund manager And someone that we print out a story every day about your Cummings and goings So what was your plan Well my plan is to have been on the financial industry and after the tech and telecom bust and then even more so after O 8 O 9 I began to see just incredible risk aversion career risk business risk and everybody was worshiping the almighty index benchmarks And that was not consistent with what we were doing at all So we were becoming I describe it as an otter and otter duck You know And I also felt this was very bad behavior I feel like maybe investing in tried and true is not wrong but investing only in the past I do believe is wrong Because there are so many so there is so much in the way of innovation evolving and I did not feel like it could be funded appropriately in the in the public markets The private markets were screaming some valuations were crazy there The same kind of stock was selling for a fraction of the valuation and the public markets So I felt there was an I felt there was an arbitrage opportunity Many people in the public world said oh those private valuations Those are going to crash We didn't think that was true We thought the public market valuations were going to move up So I felt that this focus on innovation had been lost Research lost investing lost in the public markets And I said we could fulfill a huge unmet need and change this misallocation of capital which is all about the past.

Kathy wood Carol masser Bloomberg Charlie pellet Joe Matthew ark invest milliken institute Beverly Hills Bloomberg Cathy wood pin Fox Bloomberg radio Texas Kathy Cummings
Tech Stocks: Strong Earnings and Weaker Prices Suggest Investment Opportunity

Money Sense at Opening Bell

01:46 min | 9 months ago

Tech Stocks: Strong Earnings and Weaker Prices Suggest Investment Opportunity

"Chart It does suggest there could be an opportunity here. Technologies Price charged. Remains at the bottom of a long term up trend Channel, which has been historically a good place to buy check. And the PE ratio for Tech is now much lower than it was a few months ago. Because Hurrying have been strong. So you've got strong earnings. And weaker prices. And that in theory Is something that could be compelling. And then what about Disruptive tech. What about, for instance. You know this Ark. Theatrics. Arc stock. Kathy Woods innovation Investments. Down. Quite a bit. The average stock is now 15% below its 50 day moving average. So you could see a bounce back. And what should we invest in our disruptors? Yes. Let Teladoc LendingTree Square. Um Lot of companies you probably haven't even heard of. Modify.

Kathy Woods Innovation Investm Teladoc Lendingtree Square