18 Burst results for "Kim Forest"

"kim forest" Discussed on The Drill Down

The Drill Down

08:27 min | Last month

"kim forest" Discussed on The Drill Down

"Prepared for working at home in the second quarter of two thousand twenty one after we've all been working for home for year and a half let you listen to a david is had to say on the conference. Call this morning. And i i. It has not been my experience. The tech people were not prepared for working from home in the second quarter of two thousand twenty one. But that's what he said. He was seeing the customers really. Wanted to meet them in their new fancy office building a manhattan and that level of engagement he. He says they needed impersonal. They're not gonna get the sales. Yeah so here's what we're seeing. You know we still have a very high level activity We have a lot of interest. We have a lot of customer engagement. Folks are talking about it. But if you think about if we rewind a year ago i would say most. Every software vendor was better prepared for work from home our customers weren't most of them didn't have setup at home might have had a navigate to challenge as having children at home had to get themselves set weren't accustomed to work in remote the world change. They are used to it. And i think what's happening. Now is the the reason we're having a high level of engagement. A lot of it is in person they want to get together. And i will tell you that. We have this gorgeous brand new building. We opened up or with our headquarters. We've got several really really important meetings that we've been having their we have this executive briefing center. We've had a number of customers come in. They can't wait to get in there. the level of enthusiasm has been terrific. And so we've seen this engagement quite a bit. Are they talking about it here. i haven't seen them hesitate in terms of engaging with wanting to meet and quite frankly using our headquarters as a venue to get together and have some you know have some of these conversations so it's been pretty encouraging but yeah they do talk about it and you know it's we're not out of the woods yet in terms of what the world's face with and maybe that was a warning about organizing the jobs report which i think was coming out simultaneous to those comments But again i you know. I was surprised by the them facing difficulty with with delta or whatever it is it slowing down their business saw corey ways your ex showdown joann fabrics. Recently i p o'd joann fabrics joann fabrics there is join fabrics near my home. There's a million. They're all over the place. Yeah we we we go there. probably once. Every two months Her j. o. N. shares were trading around seventeen bucks a share in june. Now it's below eleven. Yeah this thing has gotten rocked Came out it was a private equity. Backed company came on. Didn't ipo didn't collect proceeds from the ipo. It all went down to start to pay down a restructure. Some dead The lockup from one of the biggest shareholders comes off the next couple of days that scared the market a little bit as did these results today. So the question here like so. Many companies is okay. Things were great for you. During covert a lot of people were sewing during cova. They were doing things at home. They were buying fabric and joanne. Fabrica has pretty sizable market share by some estimates about fifty percent of all fabric sold to consumers new. Us comes joann fabrics. But now they're saying after the ipo like. Oh yeah well about that. Growth that when they do their ipo road. Children talked about an algorithm for the growth. The expected to be two to four percent every year for as far as they could see and did they still believe in that algorithm and they still feeling good about that algorithm and was covert action. Just a one time event for this business time for them to take public. And maybe that's moving karen or as the algorithm. Still good here. Ceo wade mickan. I mean obviously. Kobe was fail in for us. Is you had. Bb more getting into our space And the like I think we're that long. He space right here getting worse. But we're actually getting only you know headwinds from it again from closures people being a little bit. You know we see curbside spiking a little bit. You know anxiety about going out and again. These businesses twenty percent of our businesses actually laughing when the world opens up so So all that said no. We're feeling feeling very good about that. Algorithm the algorithm is still good. It's just not showing up results. That's why the stocks hold off so much again with that impending share of you know potential in a monsoon of of selling from the the private equity partners that they once had a lot of algorithm. Talk on the show today. Yeah one we look. Smith that should have been our friday drinking game docu sign. I'll mentioned ex-girlfriend. How good good. Because i'm really thirsty right now. All right coming up. We're gonna talk about what's going on. In their world of shipping. Every company been talking to as talked about the bottlenecks in the world of shipping one company in the railroad business that she set to benefit from the westinghouse air brake and talk to one of our favorite guests kim forest of boca capital. Well we'll talk about the real business the drill on continues but first to drill down brought you by braintrust global talent network that matches highly skilled technical freelancers with the world's most reputable brands brain trust is helped clients like bank of america goldman sachs porsche under armor and more built agile teams fast at a fraction of the cost visit. Braintrust dot com. That's b. r. a. n. t-r-u-s-t dot com to learn more. I remember to join the drill down on twitter and instagram. At drill down pod and check out our website biz pod on net. Let us know what stocks we should be drilling down and joining us right now. On the drill down one of our favorites. Kim forest of boca joins us with an interesting company that i had never looked at before. I love it when that happens. Web tek or is it saying pittsburgh where you are web tick way on rochester or chicago. Web tech is a former westinghouse. What is it westinghouse. Air brake interesting company in the railroad sector of giant sixteen billion dollar company Tell me about this company. And what they do sure. Well they were started by george westinghouse so pittsburgh had a bunch of companies including And i know this guy sounds like everytime wants to be the first right but we did have one of the first. Tv stations here. We are very confusing little radio area because we have Radio letters that begin with the letter k. We have katie k. K. q. v. w. so here on the east side of mississippi. You're supposed to be all ws but we were one of the first places had any radio and again this is all brought to you by westinghouse. Because he was intensely in interested in things that used electricity because he he he was somebody that had done. That right created electricity plant. So let's use it. He said but he also is very concerned about safety and had this idea to create pneumatic brakes on trains. And i can feel your people going to sleep now. Don't don't this was a huge technology thing in the back in the day around the turn of the century it saved many many people because they couldn't stop trains reliable. But this led it come to a grinding halt whenever you needed so think about that but literally yes and westinghouse air brake still dominates that business and you know arguably nothing's more important to The movement of goods in this country then road rage and it's even getting a green or e s g play because you can very efficiently move a whole lot of stuff on a train and one of the reasons why i'm excited about Airway web tech now. The aren't really self conscious saying why aren't you. I full disclosure. I was born in the midwest. Grew up in upstate. New york and the long gays are. That is cursed. Me and i've i've i used to talk report. And it said the dow jones industrial average is up. one hundred points the nasdaq. And what are you may with my microphone. I've i've been trained. That's.

joann fabrics westinghouse Ceo wade mickan Fabrica joann kim forest cova goldman sachs porsche corey boca david joanne Kim forest Kobe karen pittsburgh
"kim forest" Discussed on True Crime Fan Club Podcast

True Crime Fan Club Podcast

03:32 min | 6 months ago

"kim forest" Discussed on True Crime Fan Club Podcast

"Michael told police that he and cassidy had been dating for about nine years. Sometimes they're fights had escalated into islands. The morning she died she had shown up to pick up their children and a fight had erupted. Michael said cassese verbally assaulted him which caused him to lose his temper. He pulled out his pistol from the small of his back and fired until the gun clicked. Cassivi and michael had four children together and michael had another child from another relationship. Qasidi was studying to be a midwife and was slated to graduate in two thousand nineteen. Michael was set to go to trial in early. Twenty twenty but in order to spare cassini's family the pain of enduring trial. He pleaded guilty of homicide and was sentenced to life in prison. Cassidy's mother kim forest read a victim impact statement during the sentencing. She said every day. I wake up hoping this was a terrible nightmare and every day my heart and soul large crushed a new the fact she was taken from us not by accident but by the hands of someone we considered family was at the trail doubly hurtful. She also described cassivi as a shining light. That help illuminate my path in this world in may two thousand eighteen police making a routine traffic stop for a broken tail. Light uncovered a serial killer living in springfield. Once the officer approached the vehicle. The driver sped off but crashed into a police car. When police approached the car again they saw the passenger a- badly beaten woman who said she had been held captive by the driver. She said he had held her for thirty days and had sexually assaulted her shed. A broken arm possible broken jaw stab wounds bruises from being struck with a blunt object and a leg infection. She was taken to the hospital for treatment. Investigators searched stewart's home and property which actually belonged to his mother. They found three bodies over two days both inside and outside the house the other residents of the home were safe and unharmed. Although the department of children and families took emergency custody of a child stewart had been found guilty of burglary and theft in new jersey in two thousand seven he had also been found guilty of assault and battery breaking and entering and robberies in massachusetts. He'd been arrested three separate times in springfield in two thousand seventeen including one arrest where he was accused of assaulting a woman on the street while being arrested he bit an officer on the leg as the police investigated these crimes. They uncovered witnesses. Who had been assaulted by stewart. One woman was walking home late at night. After ankle surgery. She was tired and wanted to go home. So in the dark car pulled up on.

Cassivi Michael michael Qasidi cassidy new jersey Cassidy cassini four children thirty days One woman three bodies Twenty twenty two thousand one arrest about nine years both three separate times two thousand seven two thousand seventeen
"kim forest" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:56 min | 9 months ago

"kim forest" Discussed on Bloomberg Radio New York

"Story, which is a dominating headlines here is Ed Baxter in San Francisco. Yeah, that's right, Rush President you're buying this team unity and the uncivil war get to work on the virus and the economy. Kamila Harris becomes the first woman woman of color to be vice president. Historic Day executive orders on rejoining the Paris climate Agreement back on the W H O, reversing the anti Muslim travel Ban Hall to wall construction. Three new senator sworn in tipping power to the Democrats who now control the executive and legislative branches of the government. China is urging cooperation with Joe Biden's administration says it hopes it will make its own judgments on Jean John after the outgoing administration called it genocide. It hopes to restore a working relationship with the U. S. Taiwan's president. Science Wing has message the new administration. We wish your administration every success, which will have Beijing's interest. Japan aims to vaccinate most of the country by the summer Olympics. New York City has had to reschedule 23,000 vaccine appointments due to a vaccine shortage. Moderna says some of the shipments got too cold in San Francisco. I'm Ed Baxter back to you, Rish. Thank you at Let's get back down to our guest here. It's Kim Forest to found and CIA Boki Capital Partners discussing the latest on the markets, Kim, you know, e think you wrote in your notes that market commentators always point out that markets are a leading indicator on that something is strongly agree with. So if markets are a leading indicator, what are they telling This is what's going to happen in six months from now? Well, I think with their first telling us is probably the S and P 500 estimate of earnings for 2021 are way too low and their low for good reasons. Companies have not been telling us. You know what they are. We're heading for and they've been really holding the cards close to their chest because of all the kind of crazy things that have been going on with Covic, you know, shutdowns and You know all manner of issues from in the supply chain, So I don't fault cos for that, But I also think the, um estimates are way too low and that we're going to see those come up. So that's a very good thing. Because that means economic activity is going to continue to grow throughout this year. And the S and P 500 really is a snapshot of the world not just the U. S. You know, a lot of those. Most of the companies, in fact, do business around the world, So that's a very good indicator. And I think that we're slowly getting out of the covert lockdowns all around the world, but it's not gonna be as fast as the market and people anticipate. During the European session We heard from the chip making equipment maker SML and one of the things that I took away from the results. China really is not been able to do much in terms of a develop domestic chip making a market I mean they're selling equipment to Taiwan, South Korea. The U. S. The Dutch company SML is really not allowed to sell the China at all. And I'm wondering what this means in terms of the future for technology, and Shaina, particularly is the U. S China relationship is going to get a new look now with the new administration. I think it is going to get a new look with the administration. But the one thing that Trump administration did early and its tenure was to come out very Loudly that China was not particularly a good member of the technology community and because they had mandated that if you want to do business in China, and you want to create your product in China, it has to be done through the joint venture, and there has to be tech transfer and a lot of companies, probably like AM SL are unwilling to do that Tioga away their trade secrets effectively. So I think that a new administration is going to have to talk to China, but the rest of the world really is Not interested in things going back to pre, Let's say 2016 with China and their rules, So I think this is a very, very interesting time for technology companies where countries and companies want to be able to keep their core secrets and, um, you know, do business but Certainly that that's an important aspect of doing business in the world is to be able to keep your trademark on your technology secret. Do anything. Are you talking about Tech? I mean, I guess 2021 might finally see the proper road out of five g in many parts of the world, perhaps not in the U. S. But certainly we're seeing it in China, and this is a game changer. It really is. And it's something I like. Longer term. Longer term seems to invest in because timing is always if I'm not. I don't think anybody's a great market timer. If you are. You should run all the money that right anyhow, back to your question. Um, yeah. I mean, I think this is gonna be a multi year rollout, and I think this is the beginning of it. Being seriously rolled out. And I think that investors really should look in this area because there's lots of ways to deploy your investments that are going to be involved in five G and it is going to take a lot of technology. Tonto Roll that out. All right. Thank you. So much for joining us that that is Kim Forest, joining their founder and CEO to book a capital partners right quickly looking into the market action, and it's the oil prices. Women are 53 bucks at 7/10 the barrel moving to the downside we had records of the S and P 500. See the 10 year yield at 1.8%. This is Bloomberg. This is a Bloomberg burst enjoy. Thanks. E Order breakfast at the McDonald's drive through Tell yourself you'll wait to.

China Ed Baxter San Francisco Bloomberg President U. S China Joe Biden Kamila Harris vice president New York City executive founder and CEO Taiwan senator Kim Forest Beijing Paris SML Ban Hall
"kim forest" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:49 min | 9 months ago

"kim forest" Discussed on Bloomberg Radio New York

"As of today, yeah. Also stimulus mask immigration student loans back into the W. A. Oh, and we just got a headline moving across the Bloomberg saying that he has finished signing that huge stack of orders. Taiwan's president, sighing Wen has measured the new administration. We wish your administration every success, which will have a Beijing's Interest. New York City had to reschedule 23,000 vaccine appointments do the vaccine shortage, But Donna says some of the shipments got too cold and had to be recalled and the U. K has suffered its worst day in the pandemic. With more than 1800 deaths recorded data Day, a government official said. Some hospitals look like War zones in San Francisco. I'm Ed Baxter, This is Bloomberg. Douglas. All right. Thank you. Ed will check back in about 15. From now. Here on daybreak Asia. In the meantime, a conversation with our guest She is Kim Forest. Founder and C I. O at Boca Capital Partners on the line from Pittsburgh. Thanks for being with us on a day when we've got a new president in the states and records across the board for the US equity market. I'm looking using the function W ei on the Bloomberg terminal. He go inside the broader market today strengthened communications services. Consumer discretionary information. Tech real estate industrials. This seems pretty broad based. What did you make of today's price action? Well, I think it reflects, um, several things. One is the opening up trade, and that would be real estate for sure. Um and consumer, um Discretionary. Those two things have kind of lagged to a certain amount, because where pretty much stuck at home and I guess the real estate is the commercial real estate. But I think with the Biden administration willing to pour a whole lot of money into the economy to be a bridge until we can get the economy going on its own. I think that has really buoyed the fortunes of investors for the short term here. It is certain things that would be looking at, but the Paris climate change. Of course, we knew that was gonna happen. That should be helping renewable. Certainly the market and then again, you know, you've also got this relief package, which could add $2000. There's $2000 and a check which comes through And that would perhaps have fueled quite literally, perhaps people returning to work as well with the vaccination programs in place. That's been very good for the oil price, which is up nearly 10% since the start of the year. So how much of these reforms that Joe Biden is going to likely institute? It's actually be in Beijing. Well, I think we're beginning to reevaluate what his administration is doing. He was pretty quiet whenever he was running for the position, and he has kind of clarified his position on Um, some important things like Cove. It is job one, which I think every American or actually, every citizen of the world would agree that is, you know where he should spend time in its energy. But unlike the Trump administration, which decreased regulation Um tremendously. We think that he is going to reinitiate or bring back pretty much the Obama administration level of regulation, and that includes the environment. So I think companies especially are going to be having to, um, you know, put invest in whatever systems to bring them. Themselves back up to that level of meeting the regulations, Whatever those environmental review right on and employing people, regulations could be but also, um They're gonna have to look for ways to be productive because investors do one earnings to continue to grow, so they're kind of caught in a bind, and they're gonna have to invest in their businesses, And that always means technology. Definitely, you know, you mentioned some of the executive orders that President Biden is likely to take and among them would be the revocation of the presidential permit needed to build the Keystone XL pipeline. Are you looking at opportunities in Let's say the E V space or or green energy. Well, I mean, we're always looking for companies that use their resource is wisely. So the answer is, yes, but I don't know that. Um there's a whole lot of new developments in the battery technology. That's something that Is a science and I am really pulling for that. It's not just making the batteries that's making the batteries better that I'm trying to figure out how to invest in that, and that's good for investors. But it would be also good for all of us. Him. Does that go into the E V space further than just the batteries? Um, I suppose, but there's ways that you can play. Um ordinary automotive companies that are going to play in those spaces. One of the companies that we own Makes suspension and believe it or not, you have to have a really robust suspension and any electric electric vehicle because of the heaviness of the batteries and the bottom weight of the car. So you know this is kind of old school technology, but it's being deployed in new way so you can kind of look for those companies that are able to play in. Both the gas engine market and the E V market. Let's talk about foreign markets when we continue Kim Kim Forest, our guest from Boca Capital Partners here on daybreak Asia, this is Bloomberg. Hey,.

Um Bloomberg President Biden Kim Kim Forest president Asia Boca Capital Partners Ed Baxter New York City Beijing San Francisco Taiwan official Wen US U. K Donna Obama
"kim forest" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:24 min | 10 months ago

"kim forest" Discussed on Bloomberg Radio New York

"On top of a surge, he says a Los Angeles hospital system is under extreme pressure with ambulances now being turned away. 96% of L. A county hospitals were on diversion. That's in essence, when you can't accept ambulance diversions can accept the ambulance for acute patient needs their diverted to another part of the system. And he says it looks like the stay at home order will stay in place. All right. Gonna throw back to you guys, Brian. All right. Thank you very much The time now, just about seven minutes past the hour. Let's bring in. Kim, Forest founder and CEO of Okay Capital Partners. Kim. The president said on Sunday that the Senate had begun the process of voting on the $2000 checks. And as we heard from Ed Baxter there, it probably won't be a clean bill in the Senate so it may fall. They're on and not go further, but from the market I mean, we can argue about whether that's good or necessary for the economy, but From the market standpoint, it's already pretty good. You know, we've got more relief we've got, you know, more stimulus in there. We've got the Santa Claus rally. And so markets are kind of partying. Do you see that is continuing. And are you joining the party? Well, I, um well, I'll leave that they hear last question till last. So I think whenever stimulus is reported, like today's signing of the bill that ensures everyone gets a $600 check the markets react favorably, regardless of how that's paid for in the future, or any kind of You know, they're just looking at today, right? Markets air pretty straightforward in that, And I think they like more money rather than less money. So if somehow through some miracle if we would get $2000 passed through both houses there, the House and the Senate You know, I think the market would again show it's joy, right by going up again. Now whenever we get out into January, and we're You know, pretty clearly in between you know administrations and another news article that we're not news story on your show here said that you know, the Trump Administration is unnecessarily working all that well with the incoming administration of servers going to be more stories there. Will the market continue to react well, I'm going to say it's probably not. I mean, I'm looking for a choppy transition here. And generally, January's a pretty good, You know, months for briefly to the last part of the question. How are you playing it? I look every day to see whether or not the stocks that I want to own our within buying range. And that's what I do. And I don't really look out. You know? I mean, I'm always looking to see Are they still doing what I think that you're going to do, And is there a runway for them in the future? So today a day like today, Um, I didn't have to do any tax was selling or any selling right now, but I would have sold Some positions if I you know if they get really high, but I'm always looking to buy because there are you know, stocks that are making the 52 week highs right now. Absolutely. And you know, you look out this whole for rotation between value on growth, which is that growth into value. Are you involved with any of that? I guess I've always been a growth at a reasonable price sort of investor. So I am absolutely looking for growth, as opposed to like a rock steady balance sheet. I mean, that's necessary. But I can't just buy event balance sheet without there being some sort of catalyst for growth. So I guess I'm part of that. One thing is kind of interesting. I'm just having a quick look at basically the average stock to equal weighted S and P is now almost. It's almost the same in terms of the gains for the year or since the sell off. In March up 77% compared to the cuse which are up 83%. So I think quite interesting that no matter how you played this, Yeah, you did Fine, right? And I think that can't be lost on the people that are listening. If you're serious investor, don't get out of the market because you never know what's really gonna happen that whole go to cash. Go into the market that whole, like trying to time the market. It's a fool's errand and years like this really show us that Fool's errand indeed, But the thing is that I suppose you could look at it another way. You could also say, Well, hang on a second. I'm just having a bit of time out. I'm just see what happened and perhaps get into the evaluation. But the same also applies in the sense that you buy on dips, right? Yes, but I'm looking at the value of that company. I'm not saying the market's going to go up or down. I'm saying that company is well positioned given Excellency. I mean, it depends on the company right and that the company is misunderstood or the sector is misunderstood. So that's what I'm really trying to play. So So the big question for next year is, you know, do you do you by J. P. Morgan or Dubai? Apple, You know, I mean, you go for those stocks that really lagged, or do you stick with some of the winners or just balancing like I think smart people this year just kept it balanced. All right. We'll continue with Kim Forest from Bukit Capital Partners. In a moment this is number No Sit. Start the new year, right.

Senate Kim Forest founder and CEO Los Angeles Brian Okay Capital Partners Trump Administration Ed Baxter Bukit Capital Partners Um Dubai president Apple J. P. Morgan
"kim forest" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:09 min | 11 months ago

"kim forest" Discussed on Bloomberg Radio New York

"Financial Network. Our journey began with a single purpose to give independent financial advisors the freedom to do business their way today. Our mission has evolved to supporting more than 2000, small business owners who served nearly half a million families and individuals, real people with real goals and dreams on the path to financial independence. Where will your journey take you Visit us at commonwealth dot com. Commonwealth Financial Network member Finn Recip IQ, a registered investment adviser, influential conversations from Bloomberg Television. Here's Sherri Ann Investors will be watching closely for numbers from the Black Friday shopping weekend here in the U. S with cyber Monday. Also to come. One reading shows visitors to brick and mortar. Stores dropped by half from a year ago. Joining us to gauge the effect on consumer stocks. And the broader market is Kim Forest founder and CEO, Boca Capital Partners in Pittsburgh. Kim always great having you with us. Of course, we've seen this huge run up when it came to these retail stocks across the United States. What are you expecting? After the holiday season? Sure. Well, I think they are probably as set up for perfection as we could ever hope for, and it's largely due to covert 19. A lot of people will spend money at Christmas during the holiday season for traveling to exotic places like skiing or warmer climes. They also do things like Take the family out to dinner and do things like See the Nutcracker or other special holiday events. None of those can go on. So what are people to do? I think that they're going to spend more stores and we'll see what happens. But people are going to try to make A merry time of it. This Christmas here more interviews like this one on Bloomberg television streaming live on Bloomberg dot com and on the Bloomberg mobile APP or check your local cable listings, Markets headlines and breaking News 24 hours a day at Bloomberg, calm the Bloomberg business APP and at Bloomberg Quick Take These is a Bloomberg business Flash..

"kim forest" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:50 min | 1 year ago

"kim forest" Discussed on Bloomberg Radio New York

"Right, Thank you. Brian. Japan. China near Agreement to resume business travel, It is a headline upon the Bloomberg terminal. It's a Yoma Yuri. Report. Australia will join three way naval exercise involving the U. S. Japan, India China's criticized Similar drills as destabilizing in the region. In a call with campaign staff today, President Donald Trump called Dr Anthony found she a disaster and scientists working on covert 19 idiots. New York and California, setting up their own vaccine and distribution systems, not trusting the federal government, Chicago Mayor Lori Lightfoot said. Chicago trending toward Ah major second surge Taiwan says one of its diplomats was injured by two Chinese diplomats and the Chinese Embassy in Fiji. Taiwan says if the highlights tensions over Beijing's Wolf Warrior diplomacy, and Boris Johnson's at UK government is now saying it's easy. No need to resume Brexit negotiations, although there may be a weakening in the bill, that is the use problem and negotiators to going on behind the scenes anyway, so We'll figure it out at some point in San Francisco. I'm Ed Baxter. This is Bloomberg. Paul. All right. Thanks very much. Ed Guest for the half hours, Kim, Forest CEO and founder of Boca Capital Partners. And came out. Just want to return to the theme of election Risk. And Doug and I were discussing well, what happened on the market. Last time we had a contested out, come back in 2000, and I've got the answer, actually, between November the seventh, and when the Supreme Court effectively handed victory to George W. Bush on the 12th of December, he isn't B fell about 3.5%. But even after that election was awarded to your President Bush it continue to fall by another 2%. Now, If you consider that that dealt only with the state of Florida and this time around, we could be dealing with a far bigger legal question. Nadia position ahead of all that. You're well be a pessimist in the short term is raised. Some cash were still kind of near the highs, I would take it. Look at what you what games you have had that have made your portfolio out of weight and maybe put that into cash. To be ready for it to redeploy during a fall and what I do for what would I pick up in its the market falls well, a longer term sort of trade, so that would be things having to do with Internet of things. Five G. And an even longer thing could be some housing related stocks. Not only because we think we're gonna have interest rates, you know, at the below 1% for The foreseeable future, right that that would drive housing. But there are millennial family formation. You know, it looks like millennials. They're finally having those families now and move into a house that it do it. Spend your money there. So these are some of the things that I take a look at. But I'm a bargain shopper and I really do like volatility. Tio, let me buy good names. That I've been watching for years. Maybe so, Obviously we're in the middle of a pandemic is, you know, and everybody has been talking about a vaccine or some type of therapeutic couldn't get us atleast through this period until we get a vaccine. How are you playing biotech Healthcare Pharma? Well and again playing it for a little bit longer, because I think Um Reimbursement rates matter, and I generally like cash paid kind of health care, which none of that is the biotech. I think you have to be really cautious. I am not somebody that has health care background and I think that's really necessary in the biotech space, So I just try Tio. Pick the best longer term stocks and health care that I can and let the biotech stocks get picked by MDS. I hate to say that that's kind of their expertise. Well, we're heading into the thick of earning season again. I know you're keeping a keen eye on IBM what you're watching for there. I am well, just general trends in enterprise spending, and it looks like they met their earnings expectations or at least close enough for you know for them, not Castigated. I okay, I guess I'll say but you know, it's still kind of a disappointing number. Even though they clearly didn't guide to anything. I do think it's interesting that they are once again with their new CEO. Spinning off more commodity like businesses, which is something that I like to see for IBM. They have developed a lot of technology over the years, but that technology can become commoditized. And they really have had a pretty good run about spinning that stuff up, so it looks like they've begun that process of figuring out what they want to be when they grow up again. Kim, I have to ask you about Ian, particularly China. The data that we had yesterday, both on retail sales and industrial production. Both numbers topped estimates. Do you wantto have exposure here? To the Asia Pacific, particularly China. Very quickly, 30 seconds. Sure, I probably play it a little bit different. It's just because I'm based in the U. S. And I look at US stocks so I would look at names that might have traded in the U. S supposed to, you know, traded in China. And it had some exposure to that, so those names could be I'm trying to think here real quick. You pulled quickly on me. Maybe LVMH They've been a big player in that area, do luxury goods and, um.

Taiwan Bloomberg Japan Tio IBM President China Yoma Yuri CEO Kim Chicago George W. Bush India China Brian Ed Baxter Supreme Court Australia Boris Johnson Donald Trump New York
"kim forest" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:24 min | 1 year ago

"kim forest" Discussed on Bloomberg Radio New York

"About the stimulus package in what we might be able to come to an agreement on when it comes to the president, he said. If his administration does reach a deal with Democrats, he would lean on. Congressional Republicans to come along now. Trump has said he's ready to match the $2.2 trillion in spending levels demanded by Democrats, or he could even go higher. However, Senate Majority Leader McConnell has consistently said most GOP senators will oppose any package that big McConnell is proposing his own deal worth about 500 billion, and he says the Senate will vote on that bill either today or tomorrow or Wednesday. Now back to Speaker Pelosi. She had a self imposed target of tomorrow, a deadline as it were for an agreement on the bill that can pass before an election by the way. Madam speaker will be joining a balance of power here on Bloomberg Radio tomorrow. 12:30 P.m. Wall Street time, Paul Softbank is charging ahead with its new public stock trading on its increasing equity positions to more than 20 billion in August, Softbank targeted more than 10 billion and the level could rise. Sources said. Softbank has renewed its commitment to the public equities trading arm over the past few weeks. The strategy is built around the expectations of a volatile third quarter earning season. Softbank has been buying out of the money Cole options. They deliver returns when share prices rise and then calls a sold that even higher prices. Well, Paul if you thought it was topsy turvy when it came to the issue of US stimulus, check out Brexit talk about mixed messages on whether or not we're gonna have a deal between the UK and the U. Let's get Ed Baxter. He's covering this story from the Bloomberg Global newsroom. In San Francisco, Eddie, You know, Doug, I was just thinking about dysfunction. If there was no Atlantic Ocean, can you imagine? You know the UK and the us together geographically. Anyway. Boris Johnson's government is now saying it's sees no need to resume Brexit negotiations. Bloomberg's John Authors characterizes it as a game of chicken. Boris Johnson is trying to get everybody to believe that he's really prepared to walk away. Aunt have Ah, no deal settlement which would mean ultimately moving GTO. Terms. Very basic Terrorist assault December 31st, judging by the still very muted response by sterling, you can basically tell that nobody in the market believe John saw was a master of understatement. But now some members of the government say they may be ready to rewrite parts of the lawbreaking Brexit bill itself, which Could revive talks with the U this by the way, while negotiations are reported already underway, no matter what anybody says Australia will join three way naval exercises involving the U. S. Japan, India China's criticize similar drills as destabilizing President Donald Trump does not hide his disdain for science. But today it is taken to an even more dramatic turn. We're privy to the inner workings of the president's distaste. He has drawn a thick line between himself and science in a call with staff calling Dr Anthony Fauci disaster of hearing seeing all these idiots. Idiots being the scientist, This lady in New York Governor Andrew Cuomo on ABC, CDC, George and Thie F D A doesn't have any credibility. You have Dr Fauci now saying that They basically tried to muscle him. He is the highest credibility in the nation and saying that coming up with a vaccine distribution and vaccine trust is now very difficult. So, California setting up its own monitoring system in the wake of all of this governor Gavin Newsom says steep challenges in distribution that Donna And the Pfizer each require different storage each require different distribution strategies. These are two examples. Ultra cold storage and then simply cold storage 20 degrees below. Celsius that ultimately again require a unique challenge. He says no chance before the end of the year mass distribution in Chicago to make no mistake. This is the second surge that Dr Fauci And doctor already have been warning about since March. We're now, innit? Yeah. Mayor Lager Lori Lightfoot City will do what it needs to to prevent more spread as we've been reporting to you, Senator Mitch McConnell says the Senate will vote on stimulus Bill tomorrow or Wednesday. What? Bloomberg Political analyst, Jeannie Xeno says passage is not a done deal. It's not just about Mitch McConnell. He has some Republicans there who are skittish on the idea of this massive spending bill, even though many economists and people on Wall Street and in the American United States think it's necessary, and Trump campaign has lashed out now, with Commission on presidential debates regarding topic, saying it wants foreign policy questions. The Biden campaign says the sides have already agreed to terms and that Mr Trump is afraid to answer more questions about covert response. So what, three days before the election, the Republicans want the rules changed. In San Francisco. I met Baxter. This is Bloomberg. Alright, Ed. Thank you. Our guest for the half hour is Kim Forest. She is C I O also the founder of Boko Capital Partners joining us from Pittsburgh. I'm going to put you on the spot right out of the gate. We know Pennsylvania is a swing state. Which way is the wind blowing there? Kim It's a tough, tough question. And here's why Pennsylvania is really two regions. There's the Philadelphia and Pittsburgh Greater Pittsburgh areas. And those air, solidly Democrat and always have been and then you drive 20 minutes outside of those areas, and it's very Republican. But there are less people. There's more land, so it's a toss up really is at this point Earlier this month, I was out driving around in the rural of Pennsylvania. Nothing but trump signs. Same thing in the city. See nothing But Biden. Well, can you just captured there and not microcosm the risk around the election?.

Senator Mitch McConnell President Donald Trump Bloomberg Softbank Senate Ed Baxter Dr Fauci president San Francisco Boris Johnson Biden UK Bloomberg Radio United States Bloomberg Global Pittsburgh Speaker Pelosi Pennsylvania John Authors
"kim forest" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

08:25 min | 1 year ago

"kim forest" Discussed on Bloomberg Radio New York

"United States some time ago to cost little waltz to realise he's a second wave in the fall. I don't believe that will ultimately impact the market out of the mix of people are looking at a recovery and we can see the early bird Daybreak Asia live from Hong Kong and New York. On Bloomberg radio. All right, it is the final hour of the program. It's nine in the morning in Hong Kong, which means equities in Hong Kong and on the mainland will begin trading at the bottom of the hour. If you're joining us from the region. Good morning, I'm Doug prisoner at the Bloomberg Interactive Broker studio in New York. And I'm Juliet Sally in Singapore and dug a lot happening in the tech space. What's happening in markets? Yeah, well, if you look at what's happening right now, with the many futures contract on the NASDAQ, 100, it's up about 1% right now to main stories that we're tracking. One involves the British chip designer arm Limited. It is owned by soft bank and there is a deal now to sell arm will talk More about that, and the other involves the U. S operations of TIC Tac and will expand on that momentarily. Right now. In Tokyo, The Nikkei 2 25 is hired by a half of 1% the end holding steady here in one of 6 16. The dollar catching a bid. The Bloomberg Dollars spot index is pushing up about 1/10 of 1%. That's after sinking, though in the Friday session by about 2/10 of 1%, But the positivity is more broad based than just technology. We've got the E many futures now for the Dow up about 7/10 of 1% S and P 580 Minnie's by about 8/10 of 1%. We had some news here in the states earlier when the head of Fizer told the CBS program Face the Nation. That the U. S. Will likely deploy a vaccine by the end of the year. And we know now that AstraZeneca and the University of Oxford have essentially restarted their trial in the UK on a vaccine. Right now. In the 10 year Treasury we've got a yield of about 66 paces points. Crude oil, slightly stronger, not by much. 37 40 in the electronic session, Jules, let's get more on the ticket Talk Saga sale. It's finally come to an end article the winning bidder for the deal with Tic Tac's U. S operations, according to sources of Bloomberg, the main rival. Microsoft said earlier today that bite dance rejected its offer. Kim Forest, CEO of Boca Capital Partners, tells us that this is a bizarre outcome because Oracle has absolutely no footprint in consumer orient attack. None zero. I don't even know what they're interested. Tic Tac is less an obvious fit for Oracle, but makes sense in light of the company's desire to build up its cloud computing and consumer daughter businesses. Well, we're talking about Softbank. Here's the store the group is selling. Thie Arm LTD. This is the chip designer from the UK and the buyer is and video corporation. It's a $40 billion deal. US 12 billion in cash the rest in stock. In video designs graphic processing units for gaming and professional markets. Now arm CPU czar used in mobile devices and that could help in video dominate. Some of the semiconductor industry. Bloomberg's Ian King says arms sale is going to face some regulatory scrutiny. The biggest kind of really sort of question that will mind is how regular is going to approve this. Also the value that has comes from its customer base. Apple is a customer called common, custom, Intelligent custody name and everybody uses on technology on a lot of these guys are competitive in video. So the big concern here is how do we get through regulatory approval on why don't the customers Rebel. Now there is some speculation that this arm deal may pave the way for Softbank to become a private company right now shares and soft bank in Tokyo Better by more than 8% jewels. Will. Japan's LDP party is going to vote today on a successor to lead the party? Let's get to it. Baxter in San Francisco with all the global news, Ed. Yeah, exactly right. Juliet. Prime Minister Shinzo Obvious chief Cabinet Secretary Yoshihide Suga is poised to win bloomers community more in Tokyo. The LDP has decided on a scaled down version of the election due to the surprise resignation of OB And that boat is being held today. So 394 lawmakers are eligible to vote to choose their new party leader and local chapters have 141 for a total of 535 contested votes, then goes to Parliament for the obvious term fulfillment, and there's always the possibility that a snap election as well. China's President Xi Jinping, is in virtual meetings today with EU leaders amid Changing political climate it's expected German Chancellor Angela Merkel will ask for further concessions to close a seven year long negotiation for an investment treaty and will also be asked about the other security law affecting Hong Kong. Trying expected Tio present the summit is an example of cooperation and partnership. But we'll have to work a tight rope to get there. The U. Has felt alienated from both China as well as the United States. Mother Nature is wreaking havoc in the U. S on two fronts. The entire West Coast is under smoke in a fight against wildfires and Oregon Senator Jeff Merkley on ABC. Says they cannot be climate change deniers left these air consequences of a warming planet that have huge impacts. Huge impacts on rule America with our force with our farming with our fishing. This should not be blue red. That should not be ruler Urban Now. President Trump visits tomorrow in L. A Mayor Eric are setting on CNN talked to a firefighter. If you think that climate change isn't real, and it seems like this administration of the last vestiges of the flat Earth society of this generation and over the weekend, Mr Trump at a rally in Nevada said it is bad Forest management has nothing to do with climate. Louisiana bracing now for Tropical Storm Sally, New Orleans Mayor LaToya Cantrell. Of course, we have been unified. All departments and agencies focused on Sally. Since Friday afternoon, and she advice citizen of if she said If you have a maid emergency plans by now, you better get going really fast. Donald Trump continues to beat the drum that U. S elections using mail in ballots are rigged. And a former U. S Top spy says he's playing into Russia's disruption. Narrative. This was Mr Trump last night in Nevada every one of these races Was a fraud, missing ballots and the top spy is Su Gordon, former principal deputy national intelligence director. And she on CBS says this is exactly what Russia wants. That you can't trust our system that you can't trust the vote that you can't trust the other party that you can't Trust. Is exactly what the Russians particularly hope to achieve, sowing division and tow. Have Americans say they don't trust it and not go to the polls? Two former British prime ministers of slam Boris Johnson's plan. Excuse me to a smoke voice of Boris Johnson's plan to alter the Brexit agreement. John Major and Tony Blair say Johnson has shamed the country's integrity for going back on the deal that it signed earlier this year. By the way, guys just before the newscast of checking on Whether prognostication says it may start to clear the smoke out of our hair air here and hair in the bay Area in the next couple of days in San Francisco, I'm Ed Baxter. This is Bluebird. Douglas. Alright, Eddie. Thank you. Sean Taylor is our guest. He is the chief investment officer and also head of emerging market equities for a pack. At the asset manager DWS Sean. Thanks for joining us lot going on here. Let's begin with the deal flow that is really focused on tech. And it kind of underscores, particularly in the U. S operations of Tic Tac. This tension between the U. S and China. We're now getting indications on the other story, which involves the sale of armed, limited to and video that in video is confident on getting Chinese approval to buy arm which is owned by soft bank. Where are we right now in terms of US, China as as technology is concerned. Good morning. Come from Hong Kong..

TIC Tac Hong Kong United States Bloomberg Juliet Sally China U. S Donald Trump Boris Johnson Tokyo Softbank Ed Baxter chip designer UK CBS San Francisco Bloomberg Interactive Broker New York
"kim forest" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

07:13 min | 1 year ago

"kim forest" Discussed on Bloomberg Radio New York

"And I'm pulled Alan in Sydney was seeing features little high kind of flat in this part of the world we've got here in Australia, just pointing higher by four points. As we look ahead to the open of the top of the hour. We've got the Nikkei futures traded out of Chicago higher as well. This after we saw rather mixed clothes on U. S markets on Friday, the down the S and P up. Purcell, often tick continues, albeit at a slightly slower pace. The NASDAQ off 6/10 of 1%. We have a bit of news for you regards and video buying Softbank's arm for $40 billion. This is the biggest chip deal ever The news of this just crossing the Bloomberg terminal in the past couple of minutes. It includes $21.5 billion in stock. 12 billion and cash a CZ well on video, saying it will keep the headquarters in the United Kingdom video chief executive officers saying he loves arms business model wants to expand its old client list. And says there is nothing to fear for some of the arms, larger customers, which include Apple, We'll bring you more on that story, A CZ it unfolds. We also have another story regards Oil BP, saying the era Off oil demand growth is over. We've got a barrel of West Texas right now. Going at 37 36 was seeing that bearish bits on w th creeping up about 26% over the past week. That's the highest since March. According to the CFTC data, and we are waiting on a fixed monthly report today. That should give us a clearer picture on what's going on in terms of supply from the cartel. I was seeing Catania yield 66 to 58 right now. The dollars spot index fairly steady the pound off about 2.5% over the past week right now, 1 28. This is Boris Johnson being pressured not to tear apart off the brakes. That agreement will also be closely watching Japan today We're likely to hear news of a new prime minister. But for now It's getting a bit away Baxter in San Francisco for a chick on global news. Yeah, let's start there. Paul, shall we? You're shooting. Sudha is just about set to win the LDP leadership race. Vote today. China's President Xi Jinping isn't virtual meetings today with EU leaders questions about an investment treaty, Hong KONG and expansion policies. Wildfires now burn up and down the entire west coast of the U. S. Louisiana bracing for Tropical Storm salad to be very strong meteorologist predicting the potential for flooding and heavy weather. Former UK Prime Minister's John Major and Tony Blair, co author. An op ed piece ran today in the time slamming Prime Minister Boris Johnson's altering of the Brexit deal signed earlier this year in San Francisco. I met Baxter, This is Bloomberg Art Paul right back at you. All right. Thanks very much Guest for the half hour is Kim Forest of a bucket capital Partners and Kim, you might have heard me mention there. The news ofthe video buying for $40 billion. I know you were keeping an ear out for news of this a cz Well, That price tag. Does that look over priced to you? Will. Ah, it looks rich. We'll just put it that way, although it could have been worse straight because they were talking in some stories that I read over the weekend in the low forties, so 40 seems to Not be quite, you know it. It could been higher. That's my That's what I have to say about that. And it's interesting because when you look at the story That was out about a week and a half ago in regards to the semiconductor industry where China is concerned. I mean, we know that the U. S under the Trump administration has been restricting a lot of Ah Technology, access semiconductor technology access to China. Now that it's going to be you've got a British designer. That's more firmly well, now in control basically of a U. S company. Do you think this has the potential to create even more tension between the U. S and China on the tech front? Ideo. I dio and just being able to close the deal is going to be an issue as well, because I'm just assuming that a lot of the larger people who are our companies that are Licensing the armed technology they are concerned, as the press release says, Like, Don't be concerned. They're addressing people that you know, uh Competitors in video are concerned terribly, but now I could ramp that up. A lot of the cell phone technology is based on arm. And you know China is trying to build that technology out, and they have to license that technology. In terms of that concern on video CEO Jensen Hong is saying, Look, he has no incentive to do anything that might cause clients to walk away. What sort of words and actions do you expect to see from a video to make sure that that doesn't happen? Well, I would think there would be some sort of oversight committee for the core arm processor, and it's probably going to be some sort of consortium with the larger semiconductor companies that license it. A cz. Well, AST perhaps some technology oversight from academia as well. The other story that's kind of unfolding as we speak. Kim is the U. S operations of TIC Tac, and we're hearing that Oracle has been negotiating more actively in recent days, and signs indicate maybe it now has the upper hand against Microsoft. There was a headline a short while ago indicating that Tic tac, the bike dance. The parent company is not too impressed with the offer that Microsoft has put forward. Do you have a view here on this and how it may may rattle the cages of of some big cap tech companies. Sure, I have to tell you. This is the most bizarre outcome that I could not have forecast like year old at the beginning of the whole. Ticktock sale because Oracle has absolutely no footprint in consumer oriented tech. None zero. And this I don't even know what they're interested. Well, what I would say what I would say to that based on what I've read is that with these new export controls put in place by China. That they do not want the any algorithm. Aye, aye algorithm that's been created by tick talk to go into U. S hands. That does not mean that they can't take an and address the concern from the Trump Administration that the data that is housed. Bye bye. Dance would be somehow would be allowed to flow to the Chinese government. So if you're looking at Oracle basically is becoming the cloud services provider for the platform and not getting involved in the algorithm very quickly. That makes sense, doesn't it? Kim? If they had a big cloud business. I mean, they're housing their own products on.

China Kim Forest Boris Johnson Bloomberg Art Paul Oracle Trump Administration United Kingdom San Francisco Baxter Bloomberg Softbank Prime Minister Purcell Sydney CFTC U. S Apple TIC Tac
"kim forest" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:53 min | 1 year ago

"kim forest" Discussed on Bloomberg Radio New York

"Okay. You have opposed you your next question for me we're doing next. Where is the next opportunity? Well, I think you have to do a couple of things. Firstly, you probably have to look further out than you're used to as an investor. And that would be 3 to 5 years and I know I've been on this show before talking about this, but I still believe things like G. Are really going to drive technology and they're going to drive technology, not just cellphones and for consumer oriented applications, But the whole Internet of things is going to finally be a thing. And I really believe that five G is the technology that's going to make that happen. Where there's all these Processor's out there, gathering bits of data and then sending them back to a server somewhere. So essentially, we can live a better life. So we've got a fed meeting this week, and we know how accommodative the Fed has Has been since March. Since the pandemic kind of took hold here in the U. S. Do you think the Fed is concerned at all about what's been happening in equities? Very quickly? I think so. Sure. They've kind of stepped in it Odd times and has at least talked about You know, mark. It's so of course they dio and I think they're probably relieved to see a bit a little, a little bit of steam coming out of and overheated market. Yeah, definitely. I mean, you know all of last week. I think the NASDAQ 100 was down 6% for the week. But if you take a step back on look Maura to some of the weakness that was happening in the week before I think we can talk more about whether that trend will remain intact. Or whether or not maybe we've put in a near term bottom. Kim Forest. Our guests see Io of Boca Capital Partners here on.

Fed Boca Capital Partners Maura Kim Forest
"kim forest" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

08:53 min | 1 year ago

"kim forest" Discussed on Bloomberg Radio New York

"Funds. But looks like we asked sitting up for a reasonably flat start to the week here in Australia. What are you seeing, Doug? Yeah, I'd say cautious is a pretty good word to describe it, Paul, you're right. I mean, in terms of futures for the next 200. The market in Australia will likely look at a flat open, and I guess I could say the same for the market in Tokyo, Chicago Nikkei futures their 3 23,095, So, uh, right around where we were in cash Friday in the Japanese session, the end slightly stronger here that is going to be a hindrance at 106 12 the dollar right now. Steady against the majors. This after the Bloomberg dollars spot Index dropped about 2/10 of 1% in the Friday session. Now we do have a fed meeting this week here in the US that is likely to give us some clues on the outlook. From the U. S perspective. 10 Year Treasury last quoted in New York Friday. The yield of a 66 basis points in barren mine. We had a mixed session Friday in the states, the Dow, the S and P moved up, but the NASDAQ was down about 6/10 of 1%. And if you step back for all of last week here in the states, NASDAQ 100 was down by nearly 6% so one of the themes continues to be The weakness in tech and whether or not that will continuous. We look to a new trading week now in terms of Monday's data docket for China will get a new home price data. Japan will get some industrial production numbers and inflation numbers. For India a little bit later on, Paul And we're just getting some use at the moment from BP, saying the era of oil demand growth is over. And we've seen Barrett bits on W T. I building up about 26% over the past week, and we will hear from our pick a little later today with their monthly reports there were watching the news on Demand and supply there. But the effort spot BB, saying that the era of oil demand growth is over killed, presumably by Corona virus, and video has said to be nearing a deal to acquire I'm limited, the British chip designer and by self bank were told the potential deal could value on that $40 billion, and even if farmers sold were told, Softbank may revive talks on going private. Even so, it does remain internal opposition to a management buyout because Softbank's prestige in Japan is tied to being a listed company. All right, So on the front, we have Gilead Sciences buying immuno medics. This deal is valued at about 21 Billion in cash. Amino medics makes the breast cancer drug Tried LV. You might remember that back in April, the FDA accelerated approval for this treatment. It's been shown to beat back triple negative breast cancer for nearly four months longer. Than conventional chemotherapy that in patients getting the medication as a third line of therapy, Paul Oracle has reportedly top Microsoft is the most likely buyer of TIC Tac's U. S operations, the news website Taxi asses, the situation remains very fluid, and there's still a possibility of no deal at all. You Chinese take exporter rules of complicated a potential sale. Earlier, the South China Morning Post reported. Tic TAC parent bite Dance will not sell or transfer the algorithm behind Tic Tac, and that would potentially reduce the interest from Microsoft. According to Access our Oracle would save Maura's, a cloud services provider than a traditional parent company. If it were to succeed, Arkle has some very close ties to President Trump, who would need to sign off on any deal. Executive chairman Larry Alison earlier this year held a fundraiser for Trump and Oracle CEO Suffer Cats served on Trump's 2016 transition team very interesting that you mention that Paul because there's a hot headline now in the Bloomberg Terminal this, according to The New York Times, tic tac, owner by Dance, rejects the offer. From Microsoft for the U. S operations of TIC Tac. Very interesting. We'll talk more about that momentarily. Let's get to Japan. The LDP party going to vote today on a successor to lead the party at Baxter, covering all the global news from the Bloomberg 9 60 News from San Francisco. It Yeah. Douglas. Totally correct. Prime Minister Shinzo Obvious Chiefs Cabinet secretary. You should have so good. Is poised to win bloomers Memory Mori here reporting The LDP has decided on a scaled down version of the election due to the surprise resignation of OB and that boat is being held today. So 394 LDP lawmakers are eligible to vote to choose their new party leader and local chapters have 141 for a total of 535 contested boats. Now it then goes to the parliament for the term fulfillment and there's always a possibility of a snap election as well. China's President Xi Shrimping is in virtual meetings today with EU leaders amid a changing political climate expected German Chancellor Angela Merkel We'll ask for further concessions, the clothes of seven year long negotiation for an investment treaty. Also asking about the security law affecting Hong Kong and China is expected to present the summit is an example of cooperation and partnership, but we'll have to walk a tight rope to get there. The U. Has felt alienated from China as well as the U. S. Mother Nature is wreaking havoc in the U. S on two fronts. The entire West Coast is under smoke and a fight against wildfires and Oregon Senator Jeff Merkley on on. ABC says there cannot be a climate change deniers left anyways, or consequences of a warming planet. That have huge impacts Huge impacts on rule America with our force with our farming with our fishing. This should not be blue or red. That should not be ruler. Urban now President Donald Trump visits California tomorrow in L. A Mayor Eric Garcetti on CNN talked to a firefighter. If you think that climate change isn't real, and it seems like this administration of the last vestiges of the flat Earth Society of this generation We need real action. We need to actually reduce the carbon emissions that we have. And we need to make sure we can manage that water in the Louisiana inspiration from now for Tropical Storm Sally New Orleansmayor LeToya Cantrell. Of course, we have been unified. All departments and agencies focused on Sally. Since Friday afternoon, and she says if people haven't made emergency plans, yeah, now is the time Donald Trump continues to beat the drum that U. S elections using male and ballots are rigged. And a former U. S Top spy says he's playing into Russia's disruption narrative. This was Mr Trump last night in Ah, in Nevada. Excuse me. I don't have that up. Let me get it for you. And it's Democrats. They're going. They're trying to rig this election S O. Seu Gordon, principal deputy National Challenge director and CBS says This is exactly what Russia wants that You can't trust our system that you can't trust. A vote that you can't trust the other party that you can't Trust. Is exactly what the Russians particularly hope to achieve. Yeah, sowing division that is and have Americans say they don't trust it. They're not going to vote in San Francisco. I met Baxter. This is bloomer. Duck. Thank you. And let's get to Kim Forest. She's our guest for the half hour. Kim is the CEO of Boca Capital Partners on the line from Pittsburgh. Kim. Thanks so much. Let's talk about some of the tech weakness that we had here in the states and whether or not you expect that to kind of infect the global market. I mean, this has been a pretty impressive recovery from those march lows where Word. Big Cap tech is concerned. Give me your your understanding of where things are right now. Sure. So back in March, where we We don't really understand what happened. But we knew we had a huge sell off, especially in those bigger names. And since then, I think people made great beds, people being investors, both retail and institutional about where money would be spent. And it was clear that we were gonna have to work from home. And then where we had learned at home, which was kind of a surprise to everybody. So it was easy to kind of go after the companies that you thought Might benefit and a lot of those were the ones that have benefited for the past eight years or so, and that's saying But it also included some things like zoom and more PC makers. And that's because you know your PC is at work. And now you need one at home. So you went out and bought one. But that trade is kind of tailor tailing off Right now. There's only so many times you need to buy that hardware and I think that's part of this problem is, people are saying, Where do we go next?.

Paul Oracle TIC Tac President Trump Japan Bloomberg U. S LDP China Microsoft Softbank Australia San Francisco President Donald Trump Trump Russia CEO New York US
"kim forest" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:54 min | 1 year ago

"kim forest" Discussed on Bloomberg Radio New York

"That mortality in this country is very low. Yeah. World Health Organization. Science, by the Way, says about 20% of those diagnose progressed to severe illness, some leaving lasting effects, so the difference between 1% 20%. Math in San Francisco. I met Baxter. This is Bloomberg. Alright, Thank you. Our guest for the half hours. Kim Forest. She is the chief investment officer at Boca Capital Partners. Coming to us today from Pittsburgh. Kim. It's always a pleasure. Thank you so much for being with us. I'm curious about your perspective on a day like today, But we just have this torrid rally names like Tesla, up 13% Amazons, up 5% today. NASDAQ sets a record. How do you make sense of this? Well, I, um I guess I don't buy a lot of the names that went up or ones that Even though they're very successful, with respect to how their stock prices has got have gone. I probably wouldn't touch him with a 10 foot pole, so I kind of just look at them not and say, well, We'll see what happens in the long run there. I'm pulling castle more than I am Amazon, although both of the company's violate one of my big rules, which is they have Tio Ah, company that I want to own has to acknowledge that they are owned by and worked for shareholders, and I don't think either one of those companies kind of has that esos going on right now. Just in terms of your long term outlook and the misgivings that you have over the rally was saying that we do a correction. Um yeah, And I think we've seen that last month where we got some bad news and the market's sold off. So as I hear a lot of commentary from people who like me, don't own the hot stocks. A lot of the names are being left behind, which is good and bad, right? But I do think this this market doesn't necessarily feel like is reacting to necessarily the fundamentals of a strong worldwide economy, and in fact, it isn't But and I think that's what needs to happen. At least some The market's need to see more of a sustained global improvement to be able to bring the rest of the stocks along. We'll say it that way. Yeah, because at some point I mean the earnings were going to matter. I'm wondering whether or not your read on this, though, is that their people in the retail space retail day traders or whatever you want to call them who have helped to fuel a lot of the enthusiasm and I mean there. There's that that's probably a small enclave relative to the fire hose that the that the Fed has has pushed at the market. But maybe it's the confluence of the two I think it really is the confluence of the first part of where you tell anybody that says What about this crazy market? I said some of it isn't crazy because the Fed lowered rates that increases the multiple that Investors have to pay for those cash flows because it's the divisor. We have, Tio, you know, discount back with new lower rates, so ah, hire multiple is okay. But what is okay is that you're buying these cash flows that may not actually come to fruition, especially in some of the more momento em growth names. So that's the risky game you're playing, and I think, especially when people are piling into what's worked recently. That is just a sign of a market that is being fueled by More retail that institutional investors, you know, I'm sure you're aware of the front page editorial in China overnight that helped to send the C s I 300 up.

The market Kim chief investment officer Fed World Health Organization Tio San Francisco Tesla Pittsburgh Bloomberg Baxter Boca Capital Partners China Amazon
"kim forest" Discussed on 760 KFMB Radio

760 KFMB Radio

01:50 min | 2 years 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 WBZ NewsRadio 1030

WBZ NewsRadio 1030

07:48 min | 2 years 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 Bloomberg Radio New York

Bloomberg Radio New York

08:56 min | 2 years 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 | 2 years 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
Apple, NPR and Pitt discussed on Dale & Keefe

Dale & Keefe

01:31 min | 3 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