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"kim forest" Discussed on 760 KFMB Radio

760 KFMB Radio

01:50 min | 9 months ago

"kim forest" Discussed on 760 KFMB Radio

"The carabinieri polices cultural heritage squad respond role there his unit investigates property theft from private homes churches and libraries in Italy it is a crime market second only to that of a legal drug and weapon sales were in this country with so many artifacts with so many churches you must be very busy yes we are very very busy of course one of the most valuable our collections in Europe isn't housed in the museum visited by millions of tourists but in this warehouse in the back of his police station it's basically an evidence locker for stolen artifacts this is all our did you seize yes there are some medical delight them some fee and contemporary arts and some on the bus being things like what is this yes like that one is can I just come from school of coral ledges Caradja yes and is it being the stolen in that damned of nineteen ninety and was from a private tiles that was the score in the north of Italy what is a car budget go for these days is a minimum of dollars of course millions of dollars she has a great being quite the this coming from a kind of a Jew hands but wait there's more Kim forests cultures in dozens of masterpieces in original T. Apolo in this painting by Peter Paul Rubens Donna and this is a Rubens he has is a real rule but this is not the feca that the captain priest goes as one of their biggest challenges these days is protecting Italy's rare books the country has more than eighteen thousand libraries why is it so difficult to protect books from theft because the.

"kim forest" Discussed on NewsRadio 1080 KRLD

NewsRadio 1080 KRLD

08:00 min | 9 months ago

"kim forest" Discussed on NewsRadio 1080 KRLD

"Detective following his instincts he visited libraries in Rome and Florence and took a look at their Columbus letters to my utter astonishment a Columbus letter in the Vatican Library was a forgery and then I went to the deadly attack a Riccardi AGA in Florence and give the same thing doesn't happen again their Columbus letters a faith trail a free did notifying the libraries might alert he decided instead to take his information to the department of justice seem like it was almost out of a Hollywood movie script homeland security special agent mark Alexa led the investigation along with assistant US attorney for the district of Delaware Jamie McCall similar reaction I thought it was a John Grisham novel that we had some people in Europe stealing these are treasures of the world and replacing them with high quality forgeries you say Hollywood script you say John Grisham re skeptical of course we have to confirm what our our tipster was providing us they turned to Paul needed one of the world's foremost experts on fifteenth century printing he runs the shy the library at Princeton University home to one of the most valuable private collections of books on and now what was needed was turned to travel to Europe to examine the letters in each case he determined the originals had indeed been removed and replaced with photographic facsimiles printed on centuries old paper the Columbus water being a highly collected book it's just the perfect combination both very small and very valuable their value per leaf of paper is higher than for any other printed book using is this is the perfect item to four is the perfect item to forge and there's a market for it there's always been a market for it this turned into a trans Atlantic collaboration a legacy you might say of Christopher Columbus we engage quickly with a caravan hearing enter Giovanni priest co captain of the carabinieri polices cultural heritage squad based in Rome his unit investigates property theft from private homes churches and libraries in Italy it is a crime market second only to that of a legal drug and weapon sales were in this country with so many artifacts with so many churches you must be very busy yes we are very very busy of course one of the most valuable our collections in Europe isn't housed in the museum visited by millions of tourists but in this warehouse in the back of his police station it's basically an evidence locker for stolen artifacts this is all art that you seized yes there are some medical delight them some fee and contemporary arts and some on the bus being things like what is this yes like that one this is could alleges come from school of crowds of Caravaggio yes and he is a being the stolen in that damned of nineteen ninety and was from a private tiles it was the school over in the north of Italy what is a car budget go for these days is a museum of the loss of course millions of dollars she has a great being quite being and this coming from one of the kind of odds of hands but wait there's more Kim forests cultures in dozens of masterpieces in original T. Apolo in this painting by Peter Paul Rubens allows along with Donna and this is a Rubens he has is a real real but this is not the feca captain priest go since one of their biggest challenges these days is protecting Italy's rare books the country has more than eighteen thousand libraries why is it so difficult to protect books from theft because the books and some of them are really small it's not difficult to pull time they don't harm or in your jacket book thefts are often committed by insiders in the case of the Columbus letters assistant US attorney Jamie McCall suspects there may have been more than one person involved it requires access it requires the ability to create high quality forgeries and then the ability to know where and how to sell these Columbus letters on the private market one thing that keeps coming up is mossy motor Caro familiar name to you guys yes Mossimo de Caro was prosecuted by the Italian authorities for health serene thousands of rare books and he was involved in the sale of at least one of the Columbus letters at issue this is someone who's been involved in these kinds of crimes before yes correct fair to characterize him as a person of interest he is a subject in the investigation the Columbus letters themselves may be hard to track down but this subject in the investigation it's not exactly in hiding no mossy moved to Caro a new Korea's Italian book thief just finished serving a seven year sentence for stealing thousands of ancient books and manuscripts from Italian libraries in selling them overseas to our surprise he agreed to meet with us at his home in or Vietto hill town an hour's drive north of grow to say that he professes his innocence would be an act of considerable understatement the police say your a subject in this investigation does that concern you but you know first of all the police anybody regarding books are the worst okay they did even though no how is made one book I love Italy to much to say hi which flavor they are okay that doesn't bother you that your person of interest no no I mean I would like to do had by wanna help yeah I would like to have they work on it I will I can sure reconciled you think you're smarter than the police let's say that them more expected than them in this field in this field yes the car was not just a convicted thief he's also an accomplished forger he spent years making a fake Galileo book which fooled the experts and sold for almost a half million dollars he sure is another Galileo reproduction he made you can see the quality of the paper I use it on thick paper you did this this is your handiwork yes a tall and very proud about this very proud of this yes if this book were original yeah well we dispatch on the market well don't pay for this three hundred thousand dollar at least the car would emit he sold to Columbus letters which he says he bought legitimately from an anonymous collector but he denies he ever made a fake Columbus letter why I think he says it's too easy you could've reproduce one of these Columbus letters all if I try and I can I can mind trick and create the best films that if I could rate the Columbus letter then we can show this global at the old expense if you want and I'm sure I can bet that nobody recognize it's a fake you think you could fool them yes eight years into the joint US Italian Vesta gave shin no arrests have been made in the case but three stolen Columbus letters have been recovered no easy task as they were sold in private sales to wealthy collectors who investigators say we're in to where the letters had been stolen start tracking down the originals relied heavily on doctor Needham he had a great roadmap of transactions in who was possessing and selling these call on the sliders throughout the world they were found in the most surprising places the letter stolen from the recording on a library in Florence turned up being get this the US library of Congress alongside national treasures like the declaration of independence and the constitution they were shocked and they were stunned as you can imagine the letter had been donated to the library of Congress in two thousand and four by.

"kim forest" Discussed on WBZ NewsRadio 1030

WBZ NewsRadio 1030

07:48 min | 9 months ago

"kim forest" Discussed on WBZ NewsRadio 1030

"Detective following his instincts he visited libraries in Rome and Florence and took a look at their Columbus letters to my utter astonishment a Columbus letter in the Vatican Library was a forgery and then I went to the deadly attack a Riccardi AGA in Florence and give the same thing doesn't happen again their Columbus letters a faith trail a free did notifying the libraries might alert he decided instead to take his information to the department of justice seem like it was almost out of a Hollywood movie script homeland security special agent mark Alexa led the investigation along with assistant US attorney for the district of Delaware Jamie McCall similar reaction I thought it was a John Grisham novel that we had some people in Europe stealing these are treasures of the world and replacing them with a high quality forgeries you say Hollywood script you say John Grisham we skeptical of course we have to confirm what our our tipster was providing us ever had returned to Paul needed one of the world's foremost experts on fifteenth century printing he runs the shy the library at Princeton University home to one of the most valuable private collections of books on and now what was needed was turned to travel to Europe to examine the letters in each case he determined the originals had indeed been removed and replaced with photographic facsimiles printed on sentries old paper the Columbus letter being a highly collected book it's just the perfect combination both very small and very valuable their value per leaf of paper is higher than for any other printed book using is this is the perfect item to four is the perfect item to forge and there's a market for it there's always been a market for it this turned into a trans Atlantic collaboration a legacy you might say of Christopher Columbus we engage quickly with Karen hearing entered Giovanni priest co captain of the carabinieri polices cultural heritage squad wasting role his unit investigates property theft from private homes churches and libraries in Italy it is a crime market second only to that of a legal drug and weapon sales were in this country with so many artifacts with so many churches you must be very busy yes we are very very busy of course one of the most valuable our collections in Europe isn't housed in the museum visited by millions of tourists but in this warehouse in the back of his police station it's basically an evidence locker for stolen artifacts this is all art that you seized yes there are some medical delight them some fee and contemporary arts and some on the posts being things like what is this yes leg Bethlem this is can I just come from school of crowds of Caravaggio yes and is it being the stolen in that damned of nineteen nineteen and was from a private tiles it was the school over in the north of Italy what is a car budget go for these days is a meal of the loss of course millions of dollars she has a great being quite big and this coming from when a kind of a Jew hands but wait there's more Kim forests cultures in dozens of masterpieces in original T. Apolo in this painting by Peter Paul Rubens along with Donna and this is a Rubens he has is a real rule but this is not the feca that the captain priest goes as one of their biggest challenges these days is protecting Italy's rare books the country has more than eighteen thousand libraries why is it so difficult to protect books from theft because the books some of them are really small it's not difficult to pull time they don't harm or in your jacket book sets are often committed by insiders in the case of the Columbus letters assistant US attorney Jeannie with calls to specs there may have been more than one person involved it requires access it requires the ability to create high quality forgeries and then the ability to know where and how to sell these Columbus letters on the private market one name that keeps coming up is mossy motor Caro familiar name to you guys yes Mossimo de Caro was prosecuted by the Italian authorities for health Corinne thousands of rare books and he was involved in the sale of at least one of the Columbus letters at issue this is someone who's been involved in these kinds of crimes for yes correct tries him as a person of interest he is a subject in the investigation the Columbus letters themselves may be hard to track down but this subject in the investigation is not exactly in hiding no mossy moved to Caro a new Korea's Italian book thief just finished serving a seven year sentence for stealing thousands of ancient books and manuscripts from Italian libraries in selling them overseas to our surprise he agreed to meet with us at his home in or Vietto hill town an hour's drive north of grow to say that he professes his innocence would be an act of considerable understatement sex the police say your a subject in this investigation does that concern you but you know first of all the police anybody regarding books are the worst okay they did even though no how is made one book I don't even you too much to say hi which level there okay that doesn't bother you that your person of interest no no I mean I would like to to have but I want to help yeah I would like to have but they work on it I will I can trick and so you think you're smarter than the police let's say that them more expected than them in this field in this field yes the car was not just a convicted thief he's also an accomplished forger he spent years making a fake Galileo book which pulled the experts and sold for almost a half million dollars he sure is another Galileo reproduction he made you can see the quality of the paper I use it on thick paper you did this this is your handiwork yes a tall and very proud about this very proud of this yes if this book were original yeah well we dispatch on the market photo and pay for this three hundred thousand dollar at least the car would minutes he sold to Columbus letters which he says he bought legitimately from an anonymous collector but he denies he ever made a fake Columbus letter to one one thing he says it's too easy you could've reproduce one of these Columbus letters all if I try yeah I make and I can mind trick and create the best columns that if I could rate the Columbus letter then we can show this global at the old expanded to one and I'm sure I can bet that nobody recognizes a fake you think you could fool them yes eight years into the joint US Italian Vesta geisha no arrests have been made in the case but three stolen Columbus letters have been recovered no easy task as they were sold in private sales to wealthy collectors who investigators say more into where the letters had been stolen start tracking down the originals relied heavily on doctor Needham he had a great roadmap of transactions in who was possessing and selling these columns letters throughout the world they were found in the most surprising places the letter stolen from the recording on a library in Florence turned up being get this the US library of Congress.

"kim forest" Discussed on Newsradio 830 WCCO

Newsradio 830 WCCO

03:55 min | 9 months ago

"kim forest" Discussed on Newsradio 830 WCCO

"Following his instincts he visited libraries in Rome and Florence and took a look at their Columbus letters to my utter astonishment a Columbus letter in the Vatican Library was a forgery and then I went to the deadly attack a Riccardi AGA in Florence and give it the same thing doesn't happen again their Columbus letters a fake jail free did notifying the libraries might alert he decided instead to take his information to the department of justice seem like it was almost out of a Hollywood movie script homeland security special agent mark Alexa led the investigation along with assistant US attorney for the district of Delaware Jamie McCall similar reaction I thought it was a John Grisham novel that we had some people in Europe stealing these are treasures of the world and replacing them with high quality forgeries you say Hollywood script you say John Grisham we skeptical of course we have to confirm what our our tipster was providing us they turned to Paul needed one of the world's foremost experts on fifteen sentry printing he runs the shied a library at Princeton University home to one of the most valuable private collections of books on and now what was needed was turned to travel to Europe to examine the letters in each case he determined the originals had indeed been removed and replaced with photographic facsimiles printed on centuries old paper the Columbus water being a highly collected book it's just the perfect combination both very small and very valuable their value per leaf of paper is higher than for any other printed book using is this is the perfect item to four is the perfect item to forge and there's a market for it there's always been a market for it this turned into a trans Atlantic collaboration a legacy you might say of Christopher Columbus we engage quickly with a caravan hearing entered Giovanni priest co captain of the carabinieri polices cultural heritage squad wasting role his unit investigates property theft from private homes churches in libraries in Italy it is a crime market second only to that of a legal drug and weapon sales were in this country with so many artifacts with so many churches you must be very busy yes we are very very busy of course one of the most valuable our collections in Europe isn't housed in the museum visited by millions of tourists but in this warehouse in the back of his police station it's basically an evidence locker for stolen artifacts this is all art that you seized yes there are some medical delight them some fee and contemporary arts and some on peoples being things like what is this yes like that one this is can I just come from school of coral algae carmine here yes and he is a being the stolen in that damn glove nineteen ninety and was from a private tie was was the school where in the north of Italy what is a car by do you go for these days is a medium of the loss of course millions of dollars she has a great being quite the this coming from one of kind of idle hands but wait there's more Kim forests cultures in dozens of masterpieces in original T. Apolo in this painting by Peter Paul Rubens allows almost done now and this is a Rubens he has is a real real but this is not the feca that the captain priest goes as one of their biggest challenges these days is protecting Italy's rare books the country has more than eighteen thousand libraries why is it so difficult to.

"kim forest" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

08:56 min | 1 year ago

"kim forest" Discussed on Bloomberg Radio New York

"Percent fifty four thirty one a barrel. I'm Charlie Pellett. And that is a Bloomberg business flash. And thank you so much Charlie Pellett. You are listening to Bloomberg radio on Jason Kelly alongside carolmassar. This is business. Are we are? Of course, all over tech earnings made a slew of them this afternoon. And that includes Microsoft, we've been monitoring the trade the after hours in the stock is down right now about three and a half percent. Let's get into it. The results with Atarot 'grana. He is senior analyst of software IT services at Bloomberg intelligence. He's with us in our Bloomberg interactive brokers studio here in New York, you know, is this a disappointing quarter not so much at least for us is because one of the things we said the Las quarter was that the the watermarks is very high last quarter. They grew eighteen percent currency. And we've been saying it's very difficult for a company decided to keep on growing at that rate. So they still grew double digits about thirteen percent. And I think it's good. But you know, it doesn't against stocks done. Very well so couple of bucks hit. And that doesn't surprise me. That's what I was thinking. We were discussing this earlier that this was a name. That did really well in twenty eighteen it was up almost nineteen percent. So it it didn't get beat up as much as some of the other tech players. Right. And so I feel like it's not that. It's priced for perfection, maybe. But right. It's none performing our. We're seeing this on the wire. And we'll hear about it. More to the call at five thirty that, you know, some some issue about the impact of PC chip issues impacting computer sales. So we saw that OEM pro which is the commercial was down two percent and the non-pro which is the consumer side was down about eleven percent. So those could be factors that would unexpected. We had Kim forest over at fort Pitt capital on earlier, and she was a software engineer for engineering, and what are the names that she likes Microsoft, and she just talked about how they have really shifted to the business space. And that's really where they are dominating at this point or doing really, well, you think of Microsoft, go back what a decade or so. And you thought, oh, it's it's consumer space. Space, but it's not. I would say five years ago when when the new CEO came on and he came from a background of enterprise products, and since then very well, both on the enterprise on premise products as well as in the press cloud product. So this is truly motivated enterprise stick spending company than it is on the consumer side. And so when you take a level down or a level deeper at what they're saying about demand from business. What does it tell you about sort of the broader tech enterprise demand? See again, I mean funding has been steady and solid gain. You know, one of the things we have set a nod outlook as well two thousand eighteen was just a stellar. It was just it'd be very difficult. Dot kind of growth going into twenty one thousand nine again, no tax breaks, the benefit of that is not they're very tough comps, some global uncertainity. But we still see, you know, it's not going to be as if it's going to fall off the cliff. It's going to be as positive growth is still going to be good. But not as strong as twenty eight is that are help me understand this space. I mean, if you're accompanying your running stuff, you're still going to have to be updating you're still growing, you still have to write like, how does this work, but that's an even to even you know spending hundred dollars before now spending again hundred hundred and two dollars now. So last year, so the growth is they're still spending just as we growth of spending is going to be their growth rates are going to be there, but not at the same level as twin recurring. Microsoft, I believe is over eighty percent of the revenue was not. So they they could generate a fair amount of money without having to need to go out and send new products and services. And so what else are you looking at from a broader, earnings perspective. Does this line up with the other tech numbers from an enterprise takes spending? This is in line with what we would be expecting. In fact, we saw good numbers from IBM before that Salesforce before that workday, even oracle. So and from an enterprise point of view, we still think, you know, twenty nineteen is going to be a good year. But not as strong as twenty eighteen and trade how much does that play into this market. Or is that kind of a back burner so much in the software world, it has a huge impact on the hardware aspect of it in the software Asia is not as big a contributor to software industry sales as EuroPol uses. Yeah. It's kind of amazing. What would be a question? You would want to sit down if you're sitting down with such an Adele. What would you want to ask him? It would be about tech budgets. It would be about twenty nine thousand nine what they're hearing from their clients. Are they going to spend two percent more or five percent or seven percent more going into two thousand nine hundred? I mean, that's really the big question at this point. All right on a Rana senior analysts of software IT services for Bloomberg intelligence. Join us here in our Bloomberg interactive brokers studio, thank you so much as always very time. All right. This was quite a day. And can I just say Microsoft's down about three point six percent here? The after hours, so that's going to be certainly one of the names that plays out in tomorrow's session. And you've also got you know, Facebook meantime that stocks up almost eight percent. So it's going to be an interesting day in terms of how these ultimately play out in the trade. And just let's not forget that it's going to lead us into the jobs report. Right. And just recapping few of the other companies we've heard from tesla when we haven't really talked that much about, but man that stock was just all over the place. I want to I it's still down about two percent here in the after hours. And so there's some concerns about in terms of growth, and they certainly talked a little bit about twenty nineteen deliveries and what they're going to see. So we'll have to you know, there's high expectations with this one face. Book certainly gaining a lot of the attention after hours. We heard a lot of interesting insights from Paul Sweeney about that and sort of what they need to do going forward where the story is an interesting sort of drawing a parallel a bit between what's happening with Facebook. And what we're hearing from apple as well. Which is essentially that main thing that made them so successful for so long. We'll Microsoft here. Actually, it's not going to be that going forward and for Facebook. You know, some pretty bullish numbers when it comes to Instagram. Yeah. Messenger and has rightly pointed out what's up. That's a lot of growth to be had there. I think you know, there's a lot of companies like Facebook that's been around now for decade or so. And there were a lot of concerns that up because of the privacy concerns, and you know, what happened with the elections that what they are needing to hire people spend on this oversight. And they were worried about a lot of users going away that this was going to impact that and based on this report, we're seeing that, you know, they're still holding onto a lot of their user base. Right. So that the. Businesses and coming down and crumbling and said, that's significant. Let's also not forget about two hours ago. We heard from the Federal Reserve. Yeah. They came out and really gave the market pretty much. Exactly, what at least bowls wanted to hear which is patients, data dependence, and notably really addressing the balance sheet. I think for the first time head on a separate statement about the barashi, which is really interesting. It's really funny this morning. I was listening to Bloomberg radio on daybreak and correct Donald patiently waiting to come on. And I can't remember who brought him in. And they said, hey, Carl thanks so much for being flexible and patient, and he said, you know, that's what we're going to kind of hear from the patients and flexible that they're going to be flexible, and that's exactly what we got the fed saying, we patient a future interest rate moves and signalled flexibility of the path for reducing its balance sheet. So bam. That's certainly put some ease among the equity environment. We had the SNP going to an eight week by the Dow jumping four hundred points, and the NASDAQ one hundred adding more than two and a half percent after what we got from the fed, and we did see rates temper back. A little bit not as much in terms of the size of the reaction in the bond market versus the equity markets, but that's been the bond market. They've been kind of to some extent telling a different story a lot more tempered back if you Wellard are tapered in terms of their expectations for what we would get you talk so much about the fed. We didn't even get to talk about we're going to Atlanta. We are going to do for ball is on Sunday down in the capital of Georgia. We are headed there will be with you from radio row. The next two days, a cool people back it is heads of educational institutions. We're gonna get a feel of the big game and the Atlantic Konami, and I'm gonna tell you we're gonna eat real good down there. I was saying how much barbecue barbecue Mexican stakes grits. This is Bloomberg surveillance. This is Tom Keene and Jonathan Farrow after October and December the long and short of the equity market Charles cantor of Neuberger Berman tomorrow morning at seven eastern on Bloomberg radio. Bloomberg the world is listening..

Bloomberg Microsoft Bloomberg interactive brokers Facebook Federal Reserve Charlie Pellett senior analyst Atarot New York Jason Kelly Konami apple CEO Georgia IBM Neuberger Berman fort Pitt Asia Atlanta
"kim forest" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:53 min | 1 year ago

"kim forest" Discussed on Bloomberg Radio New York

"And it is time for the drive to the close Kim forest senior portfolio manager at fort Pitt capital group overseeing about two billion dollars in assets on the phone joining us from Pittsburgh, Kim, how are you? Very very cold. Yeah. Even colder where you are than we're we're looking out at snow here in New York City. Hope you are staying warm there that is crazy. Absolutely. Yeah. A lot of heat in the markets got to tell you a really strong reaction to chair Powell and the fed went what do you make of all that? Well, I think you're right. The the where America is hot is in the market today. And it's because somewhat of good earnings especially from Boeing this morning as well. As chairman Powell's kind of I guess admission that maybe we're we're done raising for awhile. Yeah. It's kind of wild, right? Well, what a different kind of fed chairman right from go back months. Is you right, though, do you based on what you're seeing in terms of corporate profits and the macroeconomic environment the market environment. Does it make sense because he kinda said the economy's doing all right? Well, I think he said he's doing all right. But it's not great. It's not strong. It's not any of those like, I guess I'll say at harder words, you know, kind of tepid sort of the economy's all right? And I think what we've all learned is perhaps the the pace at which they were raising rates in the last year may have actually caused some interest rate sensitive business to dry up. I mean, certainly seen in housing stocks and housing so that could be one area that he's looking at saying things are all right. And the housing would be you know, a nut. So all right area. Take your we go right to you got a bunch of picks that you're going to share with us, and Microsoft is one of them. We're going to get their results after the closing bell today. So keen to see what we get from Microsoft, you like this name, I'm curious how long you've own it. If you've been adding to the position Philipson. Short show. We her very very long time. I I think we got in when it was twenty three bucks. And we've been by you, Syria. You know? Wow. Yeah. Yeah. And here's why we are not necessarily a contrarian company. But I was a software engineer, and I know Microsoft, I was also on the sell side where I covered Microsoft. So I have a long long history with Microsoft, but it was misunderstood people a PC company, and we thought it was an enterprise software company and with the right leadership. That is what investors have realized it is. In this company. Well, yeah, that's so it hasn't been a shift. Although I feel like there's more emphasis on the business side of the of the company and right? Go ahead in the early two thousand PC's were just dumping money. The sales if PC's whether to business or two for personal use. We're just dumping money into the company and people forgot about what it's retour. And what it really does. Well, and speaking of PC's, and I'm guessing you have a hot take on this as well. Intel is another name that was long associated with demand. Alternately that story obviously has shifted pretty dramatically Intel his head some internal drama to say the least over the last year or so what do you expect to see from them going forward? Well, you know, a new president or a new CEO would be great that would be like seventy one. But again, I don't necessarily think that this company is only their data center growth has been phenomenal. And I think that they really have the engineering chops to be able to move into the areas like autonomous driving. No somebody who doesn't believe in fully autonomous driving. But we will have systems that help us do better driving. We already do. Right. And it works. Really well. And if you just amp that up a lot of really a lot of the cars already here doing that making a safer driver. And it's gonna take more chips. The more. We ask our cars to do the smarter. We need them to be and the more processing power is going to be an, and that's all I can tell well. It sounds like that might also play a little bit into your play on our thinking about Western Digital that sucks up. Eighteen percent this year, walk us through that and pretty decent dividend to sure, and that's all of these. Companies Claes's company never paid a and now you go. Hey, not bad. I'll get paid three percent for you know, holding the stock so Western Digital we like because of their manufacturing. And what that is is that the old Sanders's part of this company. But we believe that nand is getting cheaper. It currently has a supply imbalance. There's too many many or too much being made right now. But it's not because of lack of supply. It's a digital manufacturing capabilities of broaden brought online anyhow these cycles, come and go, and we are sure that especially with businesses using more solid state drives as opposed to spinning disk drives that this will turnaround shortly and in its latest earnings announcement which was weeks ago. The company did say that you know, they they're beginning to see the light at the end of the tunnel with Nancy pricing. All right, Kim. So you mentioned your background, which is fascinating. We love talking to people who have actually sort of had their hands. Specially investors have had their hands on the visits. Another thing. We learned about you. And doing our research is your big dog person. Oh god. Yes. Next big dog dog lady. Yeah. I have two dogs to wire haired pointing dogs that I actually show. Wow. So where's the next show? Probably in the spring. It's just too cold to bundle everybody out on the road. Right. Well, that must be there must be a lot of fun. We really appreciate you. Joining us some great picks and very timely, especially given Carol as we are awaiting results or Microsoft, and I feel like Microsoft has been one of the most fascinating stories over the last year. I'm looking at pictures of pointing Griff Griffin's Griffin refunds John's forgive you. They are beautiful Kim forest says what she's talking about. I know it's fed day in the markets closing. But I'm looking at pictures of doggies there you go. Forces senior portfolio manager at fort Pitt capital group joining us from Pittsburgh overseeing about two billion dollars, including shares of.

Microsoft fort Pitt senior portfolio manager Intel Kim Powell Pittsburgh fed New York City chairman Western Digital Kim forest America Boeing Syria Griff Griffin software engineer Claes
"kim forest" Discussed on KNX 1070 NEWSRADIO

KNX 1070 NEWSRADIO

06:36 min | 1 year ago

"kim forest" Discussed on KNX 1070 NEWSRADIO

"More often Kennex ten seventy NewsRadio. You're listening to KNX in-depth. I'm Charles Feldman along with Mike Simpson. We had been scheduled to talk with doors guitarist Robby Krieger about a charity event. But with so much breaking news today, led by the attempted mail bombings of former President Obama and several other prominent Democrats. We are changing course another big breaking story that is getting overlooked today. The continued volatility of the stock market this after the Dow Jones lost over six hundred points and trading today, and this continues and up and down trend that not only makes for nervous investors. But it could hint at some broader problems in the economy, Kim forest is a senior portfolio manager and vice president at fort Pitt capital group. So let's start off by by by talking about the the markets dropped. Today. I mean, this is not been the past couple of weeks have just been awful. And we're not going into the middle of this week. It's not getting any better. Why? Well, I think a couple of things we have been used to instead of toppy sees a smooth glassy surface with respect to an analogy for markets. And we're in from choppy seas for good reasons and markets do what they do best which is overreacting the short term, the get it right in the long term. And it doesn't feel good when they overreact in that short term. But what are they overreacting to the economy? We keeping told the economy is just fine. Unemployment is down. People are getting jobs, even wagers are going up a little bit not as much as some people would like, but they're going up. What is the market reacting to? Well, I think a couple of things the first thing is it looks like we are probably at Kika earnings. And by that I mean, the rate of change of earnings going up, not necessarily the most companies are going to earn. So you have to remember, you know, whenever you talk markets. These are people that are looking not just at the absolute numbers, but changing of those numbers. So we may have been remade heat has been hitting peak earnings. So what does that mean? What does that mean? The economy's falling apart probably not. So there's that. But the second thing is we have this trade war going on. And I think that's what caused today's fall off. At least for the first two thirds of the day. That thoughts about what the trade war with China could be doing to some parts of the economy. But this trade war shows, no signs of ending anytime soon, if anything it may be intensifying, especially with the US and China, let alone our European allies. So why would he be any reason to believe that the market is gonna make some sort of comeback in any big way? Or is there a reason to believe that? Oh, well, I'm an optimist. So I believe they're, you know, we're not just headed downwards into some sort of spiral. And we're going to end up in some sort of Mad Max sort of world. I don't believe that. So what could change? Well, believe it or not even though this field bad if you're invested in the market, if you're in Chinese stocks, you're even in a worst position their markets down about thirty percent this year, and because there are a net exporter of good. Mostly to Europe and secondarily to the US, they are more greatly affected by the terrorists. And we are. I know that sounds difficult to believe, but math would bear this out. So what could change? Well, it's largely believed that China wants to see who is going to win the election. They read our newspapers they understand our government, and whether or not the president is going to have a divided congress or congress that isn't necessarily in his party. And maybe the Senate, you know, there'll be some changes there. I think a lot of investors know that the Chinese are looking to see the outcome of the election. And then perhaps they'll come and talk now, as you know, most people most Americans don't own shares except through their 4._0._1._K investments. How concerned if at all should they be now? That's a great question. If you are ten fifteen years from tyrant probably not so much if you're sooner maybe a little bit more, but you should be in less volatile asset for a lot of that that you're saving, and you the cash that you're going to need tomorrow. Should absolutely not be in the market. So hopefully, you have a good planner and they've walked you through this process, but for long term money, you know, I really believe in the markets and even owner is better than being a lender. And that's the difference between equities in Bonn. By the way. Do you think that the events that unfolded earlier today with these attempted bombings of, you know, the the explosive devices that were sent to the homes of former presidents Clinton and Obama into the offices of CNN? New York into a number of other places as well. Do you think that that had any impact will will have any impact on the market? It may have. But I actually think things like UPS's earnings and talking about how terrorists might impact their business. That probably had more to do with that the fact that the Fed's beige book came out, and that is something that they just I it's kind of like the meeting notes for the last meeting, and they they talked a lot about tariffs. And then finally some magic number was crossed at three o'clock, and that really caused the market to sell off by certainly I think an overlay the politics, and you know, perhaps terrorism occurring. Certainly did make investors nervous. Okay. Very good Kim. Thank you very much. Charles feldman. Mike Simpson here on KNX indepth more tomorrow. CBS news nex..

China Charles Feldman president Mike Simpson Kim forest Obama US Robby Krieger fort Pitt Fed CBS vice president Europe Senate Bonn senior portfolio manager congress
"kim forest" Discussed on KNX 1070 NEWSRADIO

KNX 1070 NEWSRADIO

02:04 min | 1 year ago

"kim forest" Discussed on KNX 1070 NEWSRADIO

"Jim Chenevey. Very dangerous situation. The panhandle of Florida and beyond there right now sustained wings of approximately one hundred fifty five miles per hour. It is very close to a category. Five stay tuned to KNX for more of our in depth team coverage as it happens. You'll hear it here on KNX twelve thirty two on KNX. It's been it's been a very rough day on Wall Street to say the least let's get an update now to the desk. KNX ten seventy s Frank Motech saying it'll will wind blowing on Wall Street with stocks taking a big tumble here just before the closing bell. The Dow down about six hundred points the worst one day drop who've seen in months. Bringing Kim forest now senior portfolio manager at fort Pitt capital group Kimba, give us your view, what's happening here. Well, a couple of things we are I worried about interest rates rising, and that kind of happened last week where interest rate suddenly jumped and then we got a couple of earnings report saying, hey, there's a slowdown in China. And we're going to have to kind of take down the earnings that we think we're gonna make for the rest of the year. So those two things have decided have changed the mind investors, and they're getting out of the higher priced stocks. And by that, I mean, the price to earnings ratio stocks that have high ratio and that is dragging down the market. So now stack is is leading the selloff, and the Dow is kind of lagging because it doesn't have that many texts names in it. Kim will continue to follow it Kim forest at fort Pitt capital group tech stocks leading the way lower reflected in the NASDAQ which is down to three percent here at the moment down two hundred thirty seven points, the s&p five hundred down seventy and the Dow right now down five hundred ninety eight points, and Chris will keep an eye on it as we approached the closing bell back to you Frank. Thank you, which at twelve thirty four on KNX, very different demeanor today in court for the man accused of arson in the holy fire. Last August, the last time we saw forest Clark in court. You might remember the outrageous outbursts, they caused the judge to question his sanity arson aggravated arson.

KNX Kim forest arson fort Pitt Frank Motech Jim Chenevey forest Clark senior portfolio manager Florida China Chris three percent one day
"kim forest" Discussed on KQED Radio

KQED Radio

02:29 min | 2 years ago

"kim forest" Discussed on KQED Radio

"Cornish Nelson Shang okay apple has, become the first private-sector company to be. Worth a trillion, dollars that's, after its share price hit an. All time high today reporter Ryan Kyle has the story now that he's worked out exactly how many zeros are in one trillion twelve zeros as it happens you need four commas for trillion dollars apple. Hit the figure when its share price jumped more than eight percent this week that's after. The, company reported strong quarterly earnings driven mostly by I phone sales the trillion and change is actually Apple's market capitalization that's what you get when you multiply the number of shares by the share price it's a historic moment and. The talking heads are talking we. Officially hit it we officially made history today apple did apple just hit a trillion dollars in market value for the first time in history, a company is worth one trillion. Dollars so big deal super meaningful right Kind of unimportant Kim forest is a portfolio manager at fort Pitt capital and she. Says the numbers largely symbolic. Apple doesn't unlock any new. Capitalist. Superpowers now that it's crossed the threshold it just sounds cool if anything it means the company can borrow more money if it wants, forest likens, it to well being rich the bigger your house the more you can borrow against it because. The lender thinks at your. House is going to be worth more. Tomorrow than it is today some investors think this is actually a bad thing assigned that apple stock is overvalued for says maybe but. She adds apples got revenue. On the books to back up its high valuation. Unlike some of its. Fancy tech sector peers some of those fears are likely to, join at all in the four comic club Amazon's close. But in the history. Books you rarely learn who. Came in second for NPR news I'm Ryan Kylo Brazil will. Elect a new president in October, and a far-right candidate has emerged as. A front runner, in that, race Among his biggest supporters are young resilience as NPR's Philip Reeve's reports This crowd. Has come to meet the man they want to be president Cheyenne Boston is. About to land Seven thousand people waiting in. The airport to welcome him most. Of men many a young Hustle song Cillian World Cup soccer chant rewritten to celebrate both scenario A retired army.

apple Kim forest Cornish Nelson Shang Ryan Kyle House president NPR Cheyenne Boston reporter Ryan Kylo Brazil Amazon portfolio manager fort Pitt Philip Reeve army trillion dollars eight percent
"kim forest" Discussed on WNYC 93.9 FM

WNYC 93.9 FM

01:31 min | 2 years ago

"kim forest" Discussed on WNYC 93.9 FM

"Officially hit it we officially made history today, apple did apple just hit a, trillion dollars in market value for the first time in history a company is worth one trillion dollars so big deal super meaningful right kind of unimportant, Kim forest portfolio manager at fort. Pitt capital and she says. The numbers largely symbolic apple. Doesn't unlock any new, catalysts. Superpowers. Now that it's crossed the threshold it just sounds cool if anything it means the company can borrow more money if it wants forced, likens it to well being rich the bigger your house the more you can borrow against it because the lender thinks at your house. Is going to be worth more tomorrow. Than it is today some investors think this is actually a Bad thing assigned that apple. Stock is overvalued, for says, maybe? But she adds, apples got revenue on the books to back. Up its high valuation unlike some of. Its fancy tech sector peers some of those peers are likely to join. Apple in the four comic club, Amazon's close but in the history books you rarely learn who came in second for NPR news I'm, Ryan Kyle off Brazil, will elect a new president in October and a far-right candidate has emerged as a front runner in that race among his biggest supporters are. Young resilience as NPR's Philip Reeve's reports This crowd has come to meet the man they want to. Be president Cheyenne Is about to land Seven thousand people waiting in the. Airport to. Welcome,.

apple NPR Pitt president Kim forest Philip Reeve portfolio manager fort Ryan Kyle Amazon Brazil one trillion dollars trillion dollars
Apple, NPR and Pitt discussed on Dale & Keefe

Dale & Keefe

01:31 min | 2 years ago

Apple, NPR and Pitt discussed on Dale & Keefe

"Officially hit it we officially made history today, apple did apple just hit a, trillion dollars in market value for the first time in history a company is worth one trillion dollars so big deal super meaningful right kind of unimportant, Kim forest portfolio manager at fort. Pitt capital and she says. The numbers largely symbolic apple. Doesn't unlock any new, catalysts. Superpowers. Now that it's crossed the threshold it just sounds cool if anything it means the company can borrow more money if it wants forced, likens it to well being rich the bigger your house the more you can borrow against it because the lender thinks at your house. Is going to be worth more tomorrow. Than it is today some investors think this is actually a Bad thing assigned that apple. Stock is overvalued, for says, maybe? But she adds, apples got revenue on the books to back. Up its high valuation unlike some of. Its fancy tech sector peers some of those peers are likely to join. Apple in the four comic club, Amazon's close but in the history books you rarely learn who came in second for NPR news I'm, Ryan Kyle off Brazil, will elect a new president in October and a far-right candidate has emerged as a front runner in that race among his biggest supporters are. Young resilience as NPR's Philip Reeve's reports This crowd has come to meet the man they want to. Be president Cheyenne Is about to land Seven thousand people waiting in the. Airport to. Welcome,.

Apple NPR Pitt President Trump Kim Forest Philip Reeve Portfolio Manager Fort Ryan Kyle Amazon Brazil One Trillion Dollars Trillion Dollars
"kim forest" Discussed on NPR's Story of the Day

NPR's Story of the Day

02:06 min | 2 years ago

"kim forest" Discussed on NPR's Story of the Day

"Support for this NPR podcast and the following message come from wicks dot com. A web platform for creating your own professional website. Join over one hundred twenty five million people already using wicks to tell their stories, online goats at w. i. x dot com to create your website today. Okay. Apple has become the first private-sector company to be worth a trillion dollars that's after its share price hit an all time high today, reporter Ryan Kyla has the story now that he's worked out exactly how many zeros are in one trillion. Twelve zeros as it happens. You need four commas for trillion dollars. Apple hit the figure when its share price jumped more than eight percent this week that's after the company reported strong quarterly earnings driven, mostly by iphone sales. The trillion and change is actually Apple's market capitalization. That's what you get. When you multiply the number of shares by the share price, it's a historic moment and the talking heads are. Are talking officially hit. It eventually made history today. Apple did just hit a trillion dollars in market value for the first time in history, a company is worth one trillion dollars. So big deal, super meaningful, right? Kind of unimportant. Kim forest is a portfolio manager at fort Pitt capital. And she says the numbers largely symbolic. Apple doesn't unlock any new capitalists superpowers now that it's crossed the threshold. It just sounds cool if anything, it means the company can borrow more money if it wants forced likens it to well being rich, the bigger your house, the more you can borrow against it because the lender thinks that your house is going to be worth more tomorrow than it is today. Some investors think this is actually a bad thing. A that apple stock is overvalued forces maybe, but she adds apples got revenue on the books to back up its high valuation. Unlike some of its fancy tech sector appears. Some of those peers are likely to join apple in the four comic club. Amazon's close. But in the history books, you rarely learn who came in second for NPR news. I'm Ryan Kyle off.

Apple Kim forest NPR Ryan Kyla Ryan Kyle fort Pitt capital Amazon reporter portfolio manager trillion dollars one trillion dollars eight percent
"kim forest" Discussed on WCBM 680 AM

WCBM 680 AM

01:53 min | 2 years ago

"kim forest" Discussed on WCBM 680 AM

"Dollars. Today this information coming from MSNBC NASDAQ posts biggest three day loss since March as. Facebook Amazon and Netflix drop stocks fell on a deep decline. Technology stocks are started we started the week carried on the Monday the tech-heavy NASDAQ trapped one point four, percent shares of Facebook Netflix dropped two point. One percent and five point one percent, respectively Amazon declined two point, two percent and Google, parent, alphabet fell. One? Point eight percent the NASDAQ also was on track for this biggest three day drop since. Last March so you're seeing big selloff in a large cabinet tech stocks they continue to, write and editing here that the guys at the top don't stay, forever says Kim forest senior equity analyst At. Fort Pitt, capital I don't see anyone. Displacing them right now, but they do have to, make change in. Their business models for, example Facebook has to spend more money. To make, sure people. Aren't abusing the platform now let's think this nice lady Kim forest she your equity. Analyst at force per capital said she says the guys who. Don't stay there for long then she says to the next thing in quotes honestly anyone, displacing them so, come on Kim It it's. Either the stocks are good and keep them or, not, don't say those things in the same Paragraph for crying out loud on the news that's, a great example of how analysts and security analysts oftentimes use a, lot of words and never say thing either sale out of. Things when both sides of the equation Things, effectively it's going to go. Up unless. It goes down or it's going to. Go down let's goes up has kind of what this. Lady just said right here our number is ninety two. To six six eighty four ten ninety.

Facebook equity analyst Kim forest Amazon Netflix MSNBC Fort Pitt Google three day eight percent One percent one percent two percent
"kim forest" Discussed on WCTC

WCTC

01:36 min | 2 years ago

"kim forest" Discussed on WCTC

"In town at state theater new jersey and here it is saturday march third seven pm make sure you get your tickets for them one more thing hannah and then we'll wrap it up for this week at how saint patrick's night with dublin irish dance that's going to be a lot of fun to it is so this is eight traditional troop from ireland and it is people who have performs with michael flat lease lord of the dance river dance celtic woman and they have kind of all come together with vocalists and dancers to perform a traditional show about the irish immigration to america good stuff yeah wow that's a great degree jobs coming up on st patrick's night and of course for all the shows that are coming up the ones that hanan i mentioned and to see the entire calendar just go to the website s t n j dot org and a take a look at all the great shows that are coming very soon to the stagich theater new jersey your back next week i understand i am let's save of kim forest me let's say a few things for next week at it at the that all right hanna abu thanks for listening to all access with state theater new jersey we'll see you next time something is this good every day this gets better he is rich eisen is here on rich eisen and i have my own show it's the rich eisen show hurry up you want nfl ta he is like the rainman of football check you want celebs in studio jonathan tucker and the body forward i am you want a swift kick in an got carried away the rich eisen show is here weekdays 1450 wctc red eye radio with your hosts eric harley and gary mcnamara we want you to know that will still hanging out with you.

dublin football nfl hanna kim stagich theater hanan i america michael state theater saint patrick gary mcnamara eric harley jonathan tucker st patrick ireland hannah