23 Burst results for "Larry Kofsky"
Bloomberg Radio New York - Recording Feed
Monitor Show 12:00 09-17-2023 12:00
"Interactive Brokers charges USD margin loan rates from 5 .83 percent to 6 .83 percent. Rated the lowest margin fees by stockbrokers .com. Rates subject to change. Learn more at ibkr .com slash compare. And that is it for this edition of Bloomberg Best. I'm Ed Baxter. And I'm Denise Pellegrini. And this is Bloomberg. Stay with us now. Top stories and global business headlines are coming up right now. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. This is a Bloomberg Money Minute. Technology is changing the car business and not just with electric vehicles. Bloomberg reporter Keith Naughton says it's giving automakers a chance to sell new services to owners long after the car has left the showroom. Whether it's infotainment in the dashboard or safety features or convenience features like the hands -free driving. Automakers often sell these services by subscription, helping to smooth out the ups and downs of the car business. It gives you that continuous revenue stream that they don't have from just selling cars. And secondly, the profit margins on these subscription services are huge. And subscription services are not just showing up in electric cars. It doesn't have to be an electric car to have a working modem. All cars have modems now. And so it does not have to be an electric vehicle. Commercial fleets are among the early adopters, helping them to monitor where and how their vehicles are driven. But consumers are close behind. Larry Kofsky, Bloomberg Radio. Look through your children's eyes to see the true magic of a forest. It's a storybook world for them. You look and see a tree. They see the wrinkled face of a wizard with arms outstretched to the sky. They see treasure in pebbles.
WTOP 24 Hour News
Fresh "Larry Kofsky" from WTOP 24 Hour News
"Sunday's high temperatures upper 50s to middle 60s i'm seven news meteorologist steve rudin the first alert weather center money news at 10 and 40 on wtop this is a bloomberg money minute interest rate worries are keeping wall street on edge latest report on job opening showed an unexpected in august fueling expectations that the fed will raise interest rates next month and keep them higher for longer all of the main averages fell sharply led by a nearly two percent plunge in the nasdaq the dow wiped out its game for the year we get more economic data as payroll processor a dp reports private on -sector hiring for april and the nation's purchasing managers will have their latest look at how this company's are doing and tracks new is sell a high -speed trains are running late by years three and counting a new report from and tracks inspector general says there are defects in the new trains and they've yet to meet government safety requirements railroad says its new fleet will launch next but the year inspector but general's office says more delays are likely from the bloomberg newsroom i'm larry kofsky on w t o p to overwhelming response diamonds directs most popular finance hands -off forever is being extended until this saturday at five p m to take advantage of this year once offer a now through saturday make any purchase and you can spread your payments over five years with zero finance no interest for five whole years where else in america can you get a
Bloomberg Radio New York - Recording Feed
Monitor Show 12:00 09-03-2023 12:00
"Investment Advisors. Switch to interactive brokers for lowest cost global trading and turnkey custody solutions. No ticket charges and no conflicts of your interests at ibkr .com slash ria. And that is it for this edition of Bloomberg Best. I'm Denise Pellegrini and this is Bloomberg. Stay with us. Top stories and global business headlines are coming up right now. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business App. This is Bloomberg Radio. This is a Bloomberg Money Minute. Just in time for back to school, a major textbook publisher is offering study tools based on artificial intelligence. Bloomberg reporter Charlotte Hughes Morgan says London -based Pearson PLC is introducing generative AI tools to support students using its online textbooks. It says the tools are not a shortcut. Instead of providing students with an answer straight away, it can guide students to an answer. Pearson's embrace of artificial intelligence came after another major publisher, Chegg, expressed concern that it represents a potential threat. Chegg warned that AI chatbots were actually threatening its homework help services because students were just going directly to chat GPT to get the answers they needed. For starters, Pearson is aiming its AI tools at the higher education market. This is the beginning of the journey towards the higher education rather than school age. Pearson says generative AI represents a real long -term positive to the company. Larry Kofsky, Bloomberg Radio. What is dedication? The thing that drives me every day as a dad is Dariana. We call him Dade for short. Every day he's hungry for something, whether it's attention, affection, knowledge.
Bloomberg Radio New York - Recording Feed
Monitor Show 12:00 08-20-2023 12:00
"Interactive Brokers charges USD margin loan rates from 5 .8 3 % to 6 .8 3 % rated the lowest margin fees by stockbrokers .com rate subject to change. Learn more at ibkr .com slash compare. That was Linda Lou of Bloomberg News with Bloomberg's Paul Allen and Sherry on. And that is it for this edition of Bloomberg best. I'm Denise Pellegrini. This is Bloomberg Stay With Us top stories and global business headlines coming up right now. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. This is a Bloomberg money minute for WW better known as Weight Watchers. It's a major change. Earlier this year, it bought sequence, a telemedicine startup that prescribes drugs known as GLP ones, the best known of which is for Govee from Novo Nordisk. CEO Seema Sistani says weight loss is no longer just about portion control and healthy food choices. The formula it is advocated for years. We wanted to enter the space and be able to extend our toolkit to not only behavior change and functional but also clinical interventions. In a recent interview, Sistani told Bloomberg TV there has been pushback from some longtime members. It's on us to really destigmatize this category and people understand that it's not just about willpower. But Sistani says weight loss is also not just about drugs. It's a misconception that these are a magic pill that you just take and lose weight. You must do them alongside lifestyle intervention, which is WW's traditional strength. Larry Kofsky, Bloomberg Radio.
Bloomberg Radio New York - Recording Feed
Monitor Show 12:00 08-13-2023 12:00
"Eric Balchunas and Katie Greifeld on Bloomberg ETF IQ. And that's it for this edition of Bloomberg Best, also featuring Mike Novogratz, founder and CEO of Galaxy Digital, on Bloomberg Wealth with David Rubenstein, part of our Best of Bloomberg series. I'm Ed Baxter. And I'm Denise Pellegrini. And this is Bloomberg. Now stay with us. Top stories and global business headlines are coming up right now. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. This is a Bloomberg Money Minute. The day is getting closer when urban air taxis will be zooming through the skies. Bloomberg reporter Alan Levin says federal regulators are trying to clear the path. The FAA wants to govern it as much as possible using the regulations it has for helicopters and other low -flying aircraft. Service could begin as soon as 2028, but first... They'll have to devise requirements for pilot training. Companies that operate them will have to start airlines and then the aircraft themselves also have to be approved. The industry hopes to operate like Uber and Lyft with service on demand. To help make that possible, FAA does say that they would like to create corridors for these new aircraft, giving them more freedom to operate at will. The industry also foresees air taxis operating autonomously, but first they'll have human pilots. Larry Kofsky, Bloomberg Radio. Hey guys it's me Isabella Gomez filling in for Smokey Bear because he's got more to say than just only you can prevent wildfires. Like if you're outside enjoying a barbecue, don't let a hamburger distract you from fire safety. Make sure you aren't dumping your hot coals or ashes onto the ground because that could start a war.
Bloomberg Radio New York - Recording Feed
Monitor Show 18:00 08-11-2023 18:00
"Just checking. She's from Texas. That's when there's anything wrong with it. She's a beef kind of gal. What's really fun is in the weekend show we deal with Beyond Meat, Once a Wall Street Darling, Not So More. Also we work Once a Darling and we also talk a little bit about Disney. A lot of news on that company, remember that, earlier in the week. That is our weekend show. Catch that tomorrow at 8 a .m. on Bloomberg Radio and of course on our podcast feed. Have a great weekend Jess. Everybody have a good weekend. Wall Street Week starts right now. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. This is a Bloomberg Money Minute. Mixed news on inflation left investors still uncertain about the interest rate outlook. Inflation expectations unexpectedly fell this month. A University of Michigan survey finds consumers see prices rising 3 .3 % over the next year. The government's report on July wholesale prices was a disappointment. Producer price index rose three tenths of one percent. A bit more than analysts expected. It was a mostly lower day on Wall Street closing out a slightly down week. The major index has posted one of their smallest weekly moves all year. Dow Industrials rose 105. The S &P 500 lost five. The NASDAQ fell 93. Meta platform CEO Mark Zuckerberg says he's not holding his breath for a cage match with Elon Musk. He says Musk has not agreed on a date despite Musk's claims that the two billionaires are working out plans for a cage match in Rome. Larry Kofsky, Bloomberg Radio. The Big Tape, a daily podcast from Bloomberg and iHeart Radio. Highlighting the best reporting by Bloomberg News from around the globe. This is a really fast moving story. ...caused a lot of outrage among investors. It will really set the economy on a road...
WTOP
"larry kofsky" Discussed on WTOP
"The hour. Here's Larry Kofsky. This is a Bloomberg Money Minute. Are we falling out of love with electric vehicles? Hardly, but Bloomberg reporter Keith Naughton says sales aren't growing as fast as they had been last year. They rose 65 percent and in the first half of last year they were up 71 percent. Early adopters are behind much of the enthusiasm so far, but most consumers still have some big questions. Where will I charge my vehicle? How long will it take? And that gives them some pause. As does the cost of EVs. Meanwhile automakers keep building both electric vehicles and EV and battery factories and inventories are piling up. The day's supply of electric vehicles reached 92 days in June, nearly double what it is for traditional vehicles. But there's no sign of automakers tapping the brakes, not and says they see regulations driving the industry toward an all -electric future when consumer acceptance will match the industry build -up. From Bloomberg the Newsroom, I'm Larry Kofsky on WTOP. Coming up on WTOP, a plea deal deal for the President's son collapses in court, we'll get a breakdown on the tax evasion and gun charges Biden Hunter faces from the Washington Post's Devlin Barrett, 6 -12. Every deserves business a great deal. That's why, for a limited time, we're launching the Mobile Made Free event. With Comcast Business internet, new and existing customers can get one year of unlimited mobile for free. Yep, you heard that right, an entire year, free. It's our best internet, powered by the next -generation 10G network, and with 99 .9 % reliability, plus one line of free mobile for a year, the Mobile Made Free event is happening now. Get started with fast speeds and
WTOP
"larry kofsky" Discussed on WTOP
"Larry kofsky it has been a good year for stocks this is a bloomberg money minute wall street gets back to business after what for many was afford a holiday weekend with high hopes for the second half monday's abbreviated session saw only narrow gains with the main averages up less than a quarter percent investors shook off warnings about slowing economic growth and a report showing a slowdown in manufacturing activity last month machinists at spirit arrow systems returned to work on wednesday after ratifying a year four contract last week to end a six day strike walkout threatened to disrupt production of boeing seven thirty seven maxon seven eighty seven dreamliner spirit makes most of the seven thirty sevens frame and the seven eighty sevens no section the for sale sign is up at plant based foods company tattooed chef it is filed for bankruptcy and plans to sell all of its assets the company says it will continue operations during the chapter eleven process from the bloomberg newsroom i'm larry kofsky on w t o p coming up on w t o p the battle for a new fbi headquarters is heating up we'll get the at the story coming up to get you to use time twelve twelve the following is a paid commercial message this is bishop michael verbiage of the catholic diocese of arlington as we celebrate the fourth of july this week we remember momentous day in 1776 when america forged a new path as a young country one with so much promise so much potential and so
WTOP
"larry kofsky" Discussed on WTOP
"And Larry Kofsky. This is a Bloomberg Money Minute. After years of customer requests, Apple has unveiled its big screen MacBook Air. Its 15 .3 inch screen is more than 2 inches bigger than previous models. Apple also unveiled its long -awaited virtual reality headset. For investors, it landed with a thud. Apple lost nearly 1%. Stocks ended lower. The Dow Industrials dropped 200 points. The S &P 500 fell 9. The NASDAQ lost 11. United Airlines CEO Scott Kirby says flying over Russia is too risky for U .S. airlines, and it makes many long -haul destinations unreachable. US airlines want the White House to level the playing field against Chinese rivals that still overfly Russia. The maker of Nutella hopes US consumers can help grow its Kinder chocolate brand. Italy's Ferrero wants to double Kinder's sales from $500 million to $1 billion a year. From the Bloomberg Newsroom, I'm Larry Kofsky on WTOP. We have a mixed picture for the Asia -Pacific markets. Australia and the Shanghai composite are lower, but Tokyo are up a bit. South Korea's KOSPI and Hong Kong's Hang Seng are both up a little bit. We now may have a better understanding of why so many things have been exploding in Russia lately. Ukraine has saboteurs inside Russia. We'll talk to a CNN reporter about their exclusive journalism on this. Stay with us on WTOP. And now, another Contractor Spotlight from IBEW Local 26. Chris President of Nova Power Systems. When it's come time to grow quickly, making the call to the union and bringing the labor when I need it right on time, it's hard to even describe how much it's helped. If somebody was coming into this industry and wanting to go towards a union contractor, you're dealing with the strongest labor force in the area and you've got 10 ,000 electricians that are all similar core values, similar capabilities. There's continuity there, for sure. Having the trust to put the employees out in front of the customer and knowing that they take their job seriously themselves really gives a lot of comfort. start To growing your electrical business, go to ibewlocal26 .org and click Business Opportunities. I B E W Local 26, where electrical contractors come to grow. The Stanley Cup final, what's been happening between Vegas and the Panthers tonight. We'll have the latest about that. Plus, a new look front office for the
WTOP
"larry kofsky" Discussed on WTOP
"And 40 past the hour with Larry kofsky. This is a Bloomberg money minute. Hopes for a breakthrough in talks to raise the federal debt ceilings and stock sharply higher. Now industrials gain four O 9, the S&P 500 rose 49, the NASDAQ jumped one 58. Alexa is getting a brain transplant. Amazon is out with an updated line of echo devices and says it will bring chat GPT style artificial intelligence to Alexa gadgets. It says Alexa's more conversational capabilities will roll out incrementally. Tesla is trying something new to broaden its appeal, CEO, Elon Musk, says it will dabble in advertising, telling shareholders Tesla will try a little and see how it goes until now Tesla has relied on word of mouth to build its brand. California lawmakers are trying to advance legislation to require digital platforms like Google and Facebook to pay a share of ad revenue to media outlets. The bill is similar to one stalled in Congress that seeks to help financially rescue local journalism. From the Bloomberg newsroom, I'm Larry kofsky, on WTO. Coming up here on WTO, the countdown clock moves quickly toward a possible national default. We'll get the latest on debt ceiling negotiations with Washington Post live anchor Leigh Anne Caldwell. Stay with us for your whole drive, have your smart speaker play WTO at home. It's 8 12. Here's John worth, the industry principle for manufacturing, transportation, and logistics at zebra technologies on ask the CIO sponsored by zebra technologies. Decision makers need to allow themselves to identify a low risk workflow that they can apply new technology to and go ahead and start there and go ahead and learn, do those initial integrations on initial data loads. And find out where those pitfalls are and correct them. Listen to the entire discussion on federal news network, search, ask the CIO for far too long, U.S. Military warehouse and distribution centers have been working with aging infrastructure and obsolete technology. This creates cybersecurity risk
WTOP
"larry kofsky" Discussed on WTOP
"Two ten. Money news at ten and 40 passed the hour here's Larry kofsky. This is a Bloomberg money minute, companies from Silicon Valley to Wall Street are laying off workers by the thousands, and while getting fired is normally seen as a setback, Bloomberg reporter Charlie wells says for some, it's a relief. There's some people who just didn't like their jobs. There was people who sort of had a hint that maybe this was coming and they were just glad that finally that acts fell. And for others, it was a blessing in disguise. There's some people who would never have done the job that they took next. Had they not been laid off. While there have always been some people who felt liberated at being laid off, well says a recent Harris poll conducted for Bloomberg finds it to be more common now. About 20% of Gen Z and 15% of millennials actually said that they would be happy if they were laid off. Recent government data showed that there are still nearly twice as many jobs available as there are people to fill them, and that's given many laid off workers confidence that their next job is just around the corner. From the Bloomberg newsroom, I'm Larry kofsky, on WTO P. Coming up on WTO prince George's county is looking into a guaranteed income program for some of its low income residents. We'll explain WTO P news time. It's two 12. Going to the dentist shouldn't be scary and neither should making an appointment. Dave Preston here in my consistently uneven work schedule over the years as a resulted in going to the dentist slip through the cracks of my regular routine. How long? Well, I'd rather not say. Thankfully, doctor rupali and his staff at cascades dental and Sterling made me feel at ease during my appointment earlier this year. They also made my teeth gums
WTOP
"larry kofsky" Discussed on WTOP
"Free in home estimate. Money news at ten and 40 past the hour here's Larry kofsky. This is a Bloomberg money minute. It's the stuff of science fiction, launch a spacecraft to an asteroid and bring back platinum and other precious metals. But Bloomberg's loring brush says California based ASTRO forge wants to do just that. The idea is that there's vast more material out in space to collect. And if we mine it there, then we don't have to use carbon intensive resources here. But there's still a lot of work to do. A NASA mission collected 250 grams, not much at all. They would have to really size that up in order to turn some kind of profit and make this a viable business. In April, ASTRO forge plans to send a small satellite into low earth orbit, following that. They hope to launch a deep space mission to go scout out one of the asteroids that they plan to eventually mine. After that, we'll come to more missions aimed at extracting and refining the metals and bringing them to earth. Crush says astral forge hopes that can happen in about two years. From the Bloomberg newsroom, I'm Larry kofsky, on WTO. Coming up on WTO PA secret loan is at the heart of a new controversy with the Washington commanders. We'll hear more about that with ESPN's Don van nada. It's ten 11. Ever since we got Xfinity mobile, the whole family now has the fastest mobile service. My little brother has no idea how lucky he is. Back in my day, we didn't have it nearly as good. Oh yeah, back in my day, you couldn't even stream outside the house. I don't like to think about it. Fully is back in my day, we had phones with cords and they were mounted to a wall. Forget phones, back
Bloomberg Radio New York
"larry kofsky" Discussed on Bloomberg Radio New York
"Extending pharmacy hours across its drugstore chain, even as CVS and Walmart cut back. While green's hired nearly 600 new pharmacists during the fourth quarter of last year, enabling it to restore normal operating hours at more than 500 stores. The Wall Street Journal reports CVS and Walmart are shortening hours, citing a staffing squeeze. I'm Larry kofsky, Bloomberg radio. Twitter is the target of a lawsuit in Germany over anti semitic posts and Holocaust denial, more from Bloomberg's Kim kirigan. A group of Jewish students and an anti hate speech organization filed the suit in Berlin. They hope it will force the social media platform to block or remove anti semitic posts. Bloomberg reports the suit details 6 examples of anti semitic comments that were posted in the past three months since October when Elon Musk bought Twitter for $44 billion. One of those posts denies the Holocaust. Kim Kerrigan, Bloomberg radio. We're hearing Senate majority leader Chuck Schumer is looking for a June vote on legislation to protect children online. Parents are increasingly concerned about their kids experiences on the Internet, including the effects of social media on their mental health and the exploitation of platforms to sell illicit drugs. Our resources saying Schumer wants to move quickly on bill's targeting kids specific measures. Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries. I'm Susanna Palmer. This is Bloomberg. Bloomberg radio on demand and in your podcast feed. On the latest edition of the Bloomberg business week podcast a conversation with Bloomberg news senior technology reporter, Dana hall on her business week magazine cover story about Elon Musk. 2022 was sort of a remarkable year for him and for and for all of us. A lot of ways, but I mean, this is a guy who was time and the FT's man of the year or person of the year for 2021. And then and then in 2022, he bought Twitter and in order to buy Twitter, he sold billions of dollars worth of Tesla shares. And then once he took the reins at Twitter, he fired everybody and started to interact with a pretty sort of rogues gallery of characters, right wing folks, anti semitic folks, conspiracy theorists. And for a long time, old school early adopters of the Tesla brand, this was very, very alarming. And I think what you saw was that because Tesla and Elon are so intertwined. The brands are the same basically. There was a real erosion of the Tesla brand. And marketing surveys and just conversations with former employees, in conversations with potential EV buyers. And that was really something that max and I wanted to explore at this kind of pivotal moment for the company. What is it about Elon? He's got to be seeing the headlines the news. He's got to see the stock drop. Does he not understand that some of these things he does is? Not so good. I mean, Elon reads everything about himself. I mean, I think he sort of gets probably gets notifications for himself on Twitter. He read our story about our cover story, but I think that he's gotten a whatever his shtick is, he has gotten away
Bloomberg Radio New York
"larry kofsky" Discussed on Bloomberg Radio New York
"People unknown, it has become harder to assess the toll it will take on the nation's economy. I'm Larry kofsky, Bloomberg radio. Meanwhile, security concerns over TikTok have led some Biden administration officials to push for a sale of the Chinese owned companies U.S. operations to ensure Beijing can't harness the app for espionage and political influence that, according to people familiar with the situation, the proposal for a forced sale has been popping up in discussions by the committee on foreign investment in the U.S. and interagency government panel that's been negotiating with TikTok for more than two years on a way to wall off the company's data and operations from the Chinese government, Pentagon and Justice Department representatives on the panel are among those supporting a forced sale on grounds that the risk of Beijing accessing TikTok data or influencing the videos that Americans view on TikTok can only be addressed by separating the app from its Chinese owner Beijing based ByteDance. Toyota says its global output hit a record for November, thanks in part to solid consumer demand, though it warned of an uncertain outlook due to a persistent shortage of semiconductors and a spike in COVID cases in China. The world's number one automaker produced over 833,000 vehicles last month and increase of 1.5% from a year ago, global sales rose 2.9%. The output for vehicles reflects solid demand in areas like North America and a rebound from a year earlier when COVID infections in Southeast Asia disrupted supply chains. The auto industry is still dogged by shortages of chips and other car parts while it will also face challenges stemming from the rapid spread of COVID cases across China. Checking the global markets, China's CSI 300 gained four tenths of a percent. The knee came in Japan rose two thirds of a percent. Global news, 24 hours a day on air and on Bloomberg quicktake, powered by more than 2700 journalists and analysts in more than a 120 countries. I'm Erica Hurst quit. This is Bloomberg. Bloomberg radio on demand and in your podcast feed. On the latest edition of balance of power podcast, Glenn Hubbard, Professor of finance and economics at Columbia business school, gives us his take on the fed's likely reaction to the latest economic numbers. Remember that Milton Friedman taught us that monetary policy works with long and variable lags. So we're just beginning to see effects of previous policy actions. My guess is we'll see the fed slowed down and the pace, the smaller rate hikes going forward, but probably have to hold the level at a higher point around 5% than markets may have currently fought. Largely because the fed, I take the fed at its word, that it wants to bring inflation down to 2% and do so quickly that requires a tighter policy. Glenn Williams, you taught me is it's hard to talk about an inflation number or a growth number because there are different parts of the economy that react differently. For example, we have numbers in housing that indicate that they're probably in a recession already in housing. On the other hand, the labor market seems to be very, very strong to this day. How do you put all that together as an economist to come up with a decision about where we're headed and what needs to be done? Great question. You'd expect housing and durable goods to move first, as well as financial markets, because higher interest rates definitely affect those. Services are most of the American economy and would be harder to slow. The labor market, as you said, is robust, although is getting somewhat weaker, there's really not much of a way for the fed to get to its goal without the labor market continuing to weaken otherwise inflation and wages, feeds into inflation and prices. So I think economists will continue to focus and the fed will continue to focus on the labor market. That's why I don't really expect the fed to take its foot off the brakes anytime soon. Get more of this and other conversations on the latest balance of power podcast. Listen on the Bloomberg business app, Bloomberg dot com and
Bloomberg Radio New York
"larry kofsky" Discussed on Bloomberg Radio New York
"I'm Larry kofsky from the Bloomberg newsroom. Japan and Mainland China take center stage for traders with most other markets worldwide closed at least through Monday for the Christmas holiday, investors are expected to show little appetite for risk and made concerns about a wave of COVID-19 infections in China. China's national health commission said it would stop publishing daily case numbers for the coronavirus Bloomberg herskowitz has more on that. The move comes as the accuracy of China's data was questioned after millions were infected nationwide, and the official tally remained strikingly low. The commission did not provide a reason for the change in policy in a statement on Sunday, but said that the Chinese Center for Disease Control and Prevention will release COVID related info for studies and reference. Some Chinese cities have reported daily infections that far surpass the official tally, adding to doubt of the number provided by the NHC, Bloomberg reports as many as 248 million people likely contracted the virus in the first 20 days of December. Erika herskowitz, Bloomberg radio. When Wall Street gets back to work on Tuesday, investors will be trying to put a positive finish on a bad year. Stocks rose modestly on Friday ahead of the Christmas holiday with the Dow and S&P 500 gaining about half a percent, but the market has still been down for three consecutive weeks. With retail egg prices setting the pace for food inflation this year, investors will be waiting to hear from Cal main foods. As it reports quarterly earnings this week, kalman is the nation's largest egg producer, it may have something to say about the bird flu epidemic that is decimated U.S. poultry flocks, consumers have been spared much of this year's higher egg prices, grocers have held the line on retail egg prices to help maintain store traffic. It's been a rough year for Tesla with losses reaching $219 billion in December alone, Tesla shares have fallen for the last 6 days in a row, and have shed 65% of their value this year. More on the suddenly struggling automaker from Bloomberg's Courtney Dunham. Price and production cuts in China and heavy discounting in the U.S. have weighed on chairs, investors are also growing increasingly concerned that CEO Elon Musk is more focused on overhauling Twitter than keeping other automakers pushing into the electric vehicle market at bay. The company plans to produce its first pickup, the cyber truck next year. Courtney donahoe, Bloomberg radio. Tesla yesterday halted production at its plant in Shanghai one day ahead of schedule. The early closing was announced in an internal company notice seen by Reuters, it comes as Tesla and its suppliers face operational challenges stemming from the spike in COVID-19 infections in China, the factory will remain closed until January 1st. Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries. I'm Larry kofsky. This is Bloomberg. It's the big take from Bloomberg news and iHeartRadio. I'm west Kosovo. Today, why are billionaires parking piles of money intended for charity? Instead of giving it to charity. You know that old F. Scott
Bloomberg Radio New York
"larry kofsky" Discussed on Bloomberg Radio New York
"Bloomberg's a Larry kofsky global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries. I'm Susanna Palmer. This is Bloomberg This is Bloomberg business of sports. The World Cup is coming on stage in 2026. That will bookend just a fantastic growth in sports. So when the World Series certainly helps to have stars. But everyone is looking at these prospects earlier than ever, especially now that you can sign and pay talent in college. When you get into the playoffs, there's nothing better as the player. Re signing guys like, you know, the young great hunter coming off of their rookie deals. Everything starts to become a little bit more expensive. Are thesis is really around how to use sports as that lands to touch those massive adjacent markets. Bloomberg, business of sports. From Bloomberg radio. This is the Bloomberg business of sports show where we explore the big money issues in the world of sports at Michael Barnes. I'm scarlet poo. And I'm Damien SaaS Howard. Coming up on the show today, a returning friend of the show. Join us to discuss his latest major development project for the Philadelphia area. We're talking about David Edelman, CEO of 76 death court, we'll discuss his vision for building a new $1.3 billion home for the 76ers right in the smack of downtown Philly. That's straight ahead on the Bloomberg business of sports show but first we're going to talk about what is happening now on the F one circuit. F one has announced that they have canceled Grand Prix that was supposed to take place in China in the 2023 year due to COVID and
Bloomberg Radio New York
"larry kofsky" Discussed on Bloomberg Radio New York
"Its Play Store. That opens a key distribution channel for the social network ahead of the midterm elections, Larry kofsky, Bloomberg radio. This is Emily Chang, inviting you to join me for Bloomberg technology, a daily podcast focusing exclusively on technology, innovation, and the future of business. We'll bring you the latest headlines from Silicon Valley's top companies and conversations with tech's biggest decision makers. The inflation is hitting all of us with respect to customers. I think we've done a lot of good. We see the spending environment quite robust. The Bloomberg technology podcast, subscribe today on Apple podcasts, Spotify, or at Bloomberg dot com. Look beyond the ordinary with global X ETFs. From cell phones to smart watches, our world is more connected than ever. Even average household items like toasters now have the capability to connect to the Internet. As innovation and investment in digital infrastructure continues to increase, technologies like 5G and the Internet of Things are growing exponentially. Visit global X ETFs dot com to discover these themes and more for your portfolio. Why do hedge funds and other alternative managers rely on Pershing for a highly personalized experience? Mark el dorati a managing director at BNY Mellon's Pershing and head of prime services shares how we help you consider everything. In today's every evolving environment, the team at Pershing's prime services wants to know. What are you focused on now? Are you confident in the stability of your counterparty? Do you feel they can help you grow your business when it comes to fundraising? Do you have access to the mindset of the adviser or have what you need to navigate the ODD process? Exceptional service for our clients is at the core of what we do. Our award winning team is just one of the benefits of working with BNY Mellon, whether it's customized financing or securities lending solutions, BNY melons Pershing is a prime broker who's committed to this business and dedicated to meeting your demands so you can focus on growing your business and producing results for your clients. To learn more about the unique and industry leading solutions for hedge funds and other alternative managers. Visit Pershing dot com. LLC, member finra NYSE sippy. But I know about courage, I learned from my adoptive mom. She said sometimes you just gotta hold on, and no we'll get through this. Mom, we
Bloomberg Radio New York
"larry kofsky" Discussed on Bloomberg Radio New York
"We solve, we do. This is a Bloomberg money minute, deliveries by drone remain a work in progress, but Bloomberg reporter Alan Levin says the FAA has brought them a big step closer. The FAA review and approve each aircraft design. And up to now, they have never been able to do that for a small drone. The FAA recently approved a drone from California based matter net that can carry up to four pounds. That opens the door to more testing and the more they test, the more data they can get and the faster they can move forward on broader use cases. Matter net has worked with UPS on FAA approved delivery tests, and it's not alone. Google's wing is another. They have a test in Texas. They've done one in Virginia. They have an extensive one in Australia. But their test. The goal Levin says is for autonomous drones to one day revolutionize the way products are delivered to our homes, Larry kofsky, Bloomberg radio. Makes innovation happen. It also makes entrepreneurs like Anya o'dwyer. Founder of innovate, a tech driven civil engineering and construction management firm, Anya says and JIT is defining the future. Extremely important as a hub of disciplines all in one space with all of these brilliant minds. And GH's wrong is huge when it comes to defining the future and power from an interdisciplinary
Bloomberg Radio New York
"larry kofsky" Discussed on Bloomberg Radio New York
"As the fastest growing areas for early career talent this year. Susanna, Bloomberg's Larry kofsky, global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries. I'm Susanna Palmer, this is Bloomberg. This is Bloomberg law. A divided Supreme Court rejects a religious challenge. Tell us a little about the facts of the case. Interviews with prominent attorneys in Bloomberg legal experts. I guess this former federal prosecutor Jimmy Carroll joining me is Bloomberg long reporter Jordan Rubin. And analysis of important legal issues, cases in headlines. The Supreme Court takes on state secrets multiple lawsuits were filed against the emergency rule. Is this lawsuit for real? Bloomberg law with June Grasso from Bloomberg radio. Welcome to the Bloomberg law show, I'm June Grasso, a head in this hour. The Supreme Court is back and the conservative justices appear ready to strike another blow to the Voting Rights Act. The justice is agreed to step into the politically fraught debate over a section two 30. New justice Brown Jackson comes out swinging. And a navy veteran makes his Supreme Court debut arguing on behalf of a fellow veteran. I don't think we can assume that just because race is taken into account that that necessarily creates an equal protection problem, at issue is whether Alabama violated the Voting Rights Act by drawing its congressional map in a way that ensures the state will have just one black representative for the next decade. And justice Ketanji Brown Jackson pushed back on the suggestion that redistricting needs to be done in a race neutral way, pointing out that the framers adopted the post Civil War amendments to the constitution in a race conscious way. They were, in fact, trying to ensure that people who had been discriminated against the freed men during the reconstructed destruction period were actually brought equal to everyone else in the society. Joining me is elections law expert Richard Hassan, a professor at UCLA law school. So Rick Alabama is 27% black, but the Republican legislature drew only one majority black voting district out of 7 and a three judge panel said Alabama was probably violating the Voting Rights Act, so what's the issue here? So the Voting Rights Act requires that under certain conditions. Basically when there are large populations of minority voters and white voters minority voters tend to vote for different candidates, it's possible that the Voting Rights Act requires the drawing of a district to give those minority voters a chance to get representation. The Alabama case, a three judge court held that although Alabama had one congressional district where minority voters could elect a candidate of choice. They weren't titled to a second one given
Bloomberg Radio New York
"larry kofsky" Discussed on Bloomberg Radio New York
"Julie Ryan. And I'm Susanna Palmer in the Bloomberg newsroom. Things may be getting more complicated for Bed Bath & Beyond as it scrambles for liquidity. Bloomberg's Larry kofsky reports. Susannah sources say some suppliers to the home goods retailer are restricting shipments or halting them altogether after it fell behind on payments. Several firms that provide credit insurance or short term financing to vendors have revoked coverage as well. That death and beyond shares lost half their value last week after influential investor Ryan Cohen dumped his stake in the company. Susannah. Bloomberg, the Bed Bath & Beyond a lost another 40.5% in trading yesterday. New York State's unemployment rate stood at 4.4% in July. That is the worst among America's largest states and nearly a full percentage point higher than the national average. More from Bloomberg's Denise Pellegrini. Susanna, economic experts and business advocates say the state's high taxes and complex regulatory structures are discouraging employers from hiring. High commercial property taxes upstate and a $15 minimum wage are difficult for some small business owners. And the unemployment rate in New York City now stands at 6.1%. Bloomberg, Denise, Pellegrini. Advocates are calling New York City's plan for children of asylum seeking families entering public schools a step forward. Advocates for children of New York's Rita Rodriguez and Berg has spent years fighting for a plan like project open arms and says it looks good on paper. What is actually going to be available at each school, they're going to be human resources available to carry out the plan. And then what's going to be the follow through. So far, at least 6500 migrants have sought help from New York City's shelters. More than 1000 children who will likely need translation and mental health services will be enrolling in the city's public schools. Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries. I'm Susanna Palmer. This
Bloomberg Radio New York
"larry kofsky" Discussed on Bloomberg Radio New York
"Its peak apartment rental season in New York and the market is the hottest it's been decades. Bloomberg's Larry kofsky has more. Susanna apartment hunters are fed up frustrated over budget and in many cases out of luck with the Manhattan vacancy rate hovering at around 2% apartments are often renting for hundreds above their asking price in July the median effective rent was a record $4100. Appraiser Douglas elliman says that's up about one third from last year. Susannah. Bloomberg's Leary kovk. The Treasury Department says four states, Colorado, Montana, Oregon, and New York are set to receive as much as $750 million overall to provide capital for small businesses is under the state small business credit initiative. New York is slated for the most data up to 501 and a half $1 million. Now, one of the big questions about the economic outlook has been the strength of the consumer. Carol Murphy is chief investment officer at castra holdings. Wages are up consumer balance sheets are very strong, but consumer confidence continues to look really poor. So consumers are spending money like they feel good, but they're telling us that they don't feel good. Cara Murphy at castra. Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries. I'm Suzanne Palmer. This is Bloomberg. You're listening to masters in business with Barry riddles on Bloomberg radio. I'm Barry ritch you're listening to masters in business on Bloomberg radio, my extra special guest this week is Bill browder, founder of hermitage capital management, and author of red notice a true story of high finance, murder, and one man's fight for justice. So let's talk a little bit about the raid, Russian officials, while you're in Paris, decide to read the remnants of what was hermitage. You would already essentially wound down operations, removed everybody, tell us how this progressed. They seized these documents, the stamp seals the certificates for our investment holding companies, which at this point were empty. And then we discover that the companies no longer belong to us. They have been fraudulently re registered into the name of a man who had been convicted of manslaughter and led out of jail early. He became the new owner of our empty investment holding companies and the only way he could have done that was in collusion with the police. And so at this point, I don't have any money at stake in Russia because all the money is safely out. I'm terrified not from a financial perspective, but from a legal perspective, because I know that if the police are working with killers, steel companies, I'm going to be walking through some airport somewhere and I'm going to be arrested in some future. And so I call up the smartest lawyer I know in Russia. It's a young man named Sergei magnitsky. And I say to Sergey, I don't know what's going on here, but I need you to figure it out and I need to stop it. As a Sergey goes out, any investigates. And he comes back, and he said, I figured it out. There were two parts of this scam. First part of the scam was they wanted to steal all of your money. But because I had gotten all my money out before they got to us, they didn't get it. They said, however, the second part of their scam due to succeed. After we had liquidated all of our holdings in Russia in the previous year, when we got over money out, we had a profit of $1 billion. And on that profit of $1 billion, we paid to the Russian government $230 million of capital gains tax. What Sergey had learned through his investigation was that after our company's were stolen, the people who stole our companies went back to the tax authorities on the 23rd of December 2007 and they said there was a mistake made in the previous year tax filing. Instead of these companies earning $1 billion, they are zero, is what they said. And they say, as a result of them earning zero, the $230 million of taxes that was paid in the previous year was paid an error. They applied for a $230 million fraudulent tax refund. There was the largest tax refund in the history of Russia and it was approved and paid out the next day. And so we figured that the best way of dealing with it is to bring it to the attention of the highest authorities in Russia. As we wrote criminal complaints to the head of the general prosecutor of Russia to the head of the Russian state investigative committee, I then went to the newspapers radio television telling the story of what had happened. And then Sergei went and gave formal testimony to the Russian state investigative committee, which was there FBI. And we sat back and we waited for the good guys to get the bad guys. 5 weeks after Sergei testified against the officials, the same people he testified against came to his home and arrested him. They put him in pretrial detention where he was then tortured to withdraw his testimony. They put him in cells with 14 inmates and 8 beds in which lights on 24 hours a day sleep deprivation. They put him in cells with no heat and now window panes in December of Moscow, so really prose to death. They put him in cells in their toilet, just a hole in the floor with a sewage would bubble up. And the purpose of all this was to get into a drawings testimony against these corrupt police officers. And I wanted to get in to sign a false confession to say that he stole the $230 million and he did so in my instruction. Sergey was this man of unbelievable principle and integrity and for him the idea of perjuring himself and bearing false witness was more painful than the physical pain they were subjecting. And as a result of his refusal, they just upped the pressure in the torture. And after about 6 months of this, it helped started to deteriorate. And they move him from the prison where he was which had this medical facility to a maximum security prison in Moscow called blue tirca is considered to be one of the most horrible prisons in Russia. But worse than that for Sergey, is that there was no medical facilities there. His health completely broke down and went into terrible downward spiral and all medical attention was refused. He and his lawyers wrote 20 different desperate requests to every different branch of the criminal justice system begging for medical attention and every different letter was either ignored or denied in writing. Things got worse and worse and on November 16th, 2009, Sergei went into critical condition. On that night, the authorities didn't want to have responsibility for him anymore. And so they put him in an ambulance and sent him to another prison across town at a medical wing. They put him in isolation cell and a chained him to a bed. And then 8 riot guards with rubber batons coming to the cell and beat Sergei magnitsky to death. He was 37 years old that was November 16th, 2009. He left a wife and two children, and it was killed. Quite horrifying, coming up, we continue our conversation with Bill browder, founder and CEO of hermitage capital, discussing how he set about seeking justice for Sergei magnitsky
Bloomberg Radio New York
"larry kofsky" Discussed on Bloomberg Radio New York
"This is a Bloomberg money minute Wall Street heads into the weekend riding a four day winning streak the Dow Jones Industrial Average jumped 274 the S&P added 51 the NASDAQ climbed two 79 Save for retirement nearly half of Americans age 18 to 35 Sino point until things returned to normal according to a survey from Fidelity Investments about 40% of all respondents felt that way 7 out of ten worry about inflation GM is raising its ownership stake in self-driving startup cruise to 80% It agreed to pay more than $2 billion to buy out the Japanese investment firm SoftBank Airplane bathrooms could soon get bigger The transportation department proposing to require that new single aisle planes have at least one restroom Big enough for a passenger in a wheelchair It could mean the loss of one row of seats and the revenue that those seats generate Larry kofsky Bloomberg radio And JIT makes innovation happen It also makes entrepreneurs like Anya o'dwyer founder of innovate a tech driven civil engineering and construction management firm Anya says and JIT is defining the future Extremely important as a hub of disciplines all in one space with all of these brilliant minds NGOs roll is huge when it comes to defining the future and power from an interdisciplinary point of view They have it all there whether it's the innovation hub the maker space and JIT is already creating bash collaboration between the disciplines and you have civil engineers speaking to programmers speaking to electrical engineers And together they're creating advancements that we wouldn't have been able to do without those three minds coming together and solving a problem as one rather than solving it in isolation And JIT New Jersey institute of technology learn more at nj IT dot EDU Three hoes who know the markets in the economy Lisa you're not embarrassed I mean Abraham was just not embarrassed Like I carried away Almost as well as they know each other Tom's a little tired He slept on my couch last night Thanks John if you ask late appreciate it Bloomberg surveillance with Tom Keene Jonathan farrow and Lisa romwe You think the bankers want high race Lisa Do you think this guy occasionally is blue He said 7 eastern on Bloomberg.
Bloomberg Radio New York
"larry kofsky" Discussed on Bloomberg Radio New York
"Is a Bloomberg money minute There are a lot of gifts in that well-known Christmas Carol and like so many other things this year They're a lot more expensive according to PNC's annual Christmas price index Really going to be on the hook this year Not only for some of the IOUs in terms of the performances from last year that they weren't able to deliver on but also in terms of the prices Which are up 5.7% from 2019 chief investment officer Amanda agari at PNC asset management says the biggest increases were for the birds The turtle doves and all saw pretty significant increases And another big mover My favorite gift of course and that is indeed the gold ring gold rings are up about 8 and a half percent Total cost for the list just over $41,200 plus nearly $4400 if the gifts are bought online Free shipping for livestock is still not a thing Larry kofsky Bloomberg radio The Alzheimer's association and the ad council present the story of Tom and Levi Tom is the smartest man I know He's been a professor at two major universities been a teacher for over 40 years One day he told me that he was having problems in his classes I think one of the students had asked the question and he didn't remember the answer I also noticed that he was letting his class out earlier than they were supposed to let out And he was telling them that he was doing it as a favor to them but I think in reality he just wanted to get out of there I was really certain to worry 'cause I saw something that's wrong Levi an I talked about outward change in her life But he was there.