4 Burst results for "Lee Jong Soup"
TIME's Top Stories
"lee jong soup" Discussed on TIME's Top Stories
"South Korea. J-Hope, a member of KPop sensation BTS entered a South Korean boot camp Tuesday to start his 18 month compulsory military service, becoming the group's second member to join the country's army. There was heated public debate in 2022, over whether to offer special exemptions of mandatory military service for BTS members. Until the group's management agency announced in October that all 7 members would fulfill their duties. In December, Jen, H 30, and the oldest member of BTS became the band's first member to enter the army after revoking his request to delay his conscription. South Korean TV footage Tuesday afternoon showed what they called a black minivan, likely carrying J-Hope, moving into the boot camp in wanzhou, about 90 kilometers or 55 miles east of Seoul. The parent company of BTS management agency, big hit music, later confirmed the 29 year old singer entered the camp. Dozens of fans showed up near the base after arriving via rented buses wrapped with large photos of J-Hope, and words hoping for his safe service. Authorities mobilized soldiers and police officers to maintain order, and there were no immediate reports of safety related accidents. Big hit music had pleaded with fans, who call themselves the army, not to come to the site due to safety reasons. I love you army, I'll see you again. J-Hope, whose real name is Jong Ho salk, said Monday in a message posted on the online fan platform we verse, with photos of himself with a military buzz cut. 5 other younger BTS members, RM, Suga, Jimin, V and Jungkook, are to join the South Korean military one by one in the coming years. That means the world's biggest boy band is expected to reconvene as a group again a few years later. In South Korea, all able bodied men are required by law to perform 18 to 21 months of military service under a conscription system meant to deter aggression from rival North Korea. The law gives special exemptions to athletes, classical and traditional musicians, and ballet and other dancers if they have obtained top prizes in certain competitions and are assessed to have enhanced national prestige. KPop stars and other entertainers aren't subject to such privileges. That has caused an intense domestic debate over whether it was time to amend the law to expand exemptions to entertainers like BTS members. Jen, who turned 30 in December, had faced an impending conscription because the law disallows most South Korean men from further delaying their services after they turned 30. Lawmakers bickered over the issue at the National Assembly, while the series of public surveys showed sharply split opinions over possible service exemptions for BTS members. Defense minister Lee Jong soup said at the time that it would be desirable for BTS members to implement their duties to promote fairness in the country's military service. Exemptions or dodging of military duties are a highly sensitive issue in South Korea because the draft forces young men to suspend their studies or professional careers. Formed in 2013, BTS expanded its popularity in the west, with its 2020 mega hit dynamite. The band's first all English song that made BTS the first KPop act to top billboards top 100. Hyde corp said in October that each member of the band, for the time being, would focus on individual activities, scheduled around there, military service.
Bloomberg Radio New York
"lee jong soup" Discussed on Bloomberg Radio New York
"Brian, U.S. Secretary of State Antony Blinken is calling on the globe to send a united message to China about any use of force regarding Taiwan exclusive Bloomberg interview today. UK prime minister Rishi sunak told the House of Commons today that he is delaying the economy strategy announcement until November 17, Chinese leaders were omitted from official account of how Xi Jinping chooses a new leadership, the elders, and apparent plan to change policy from including party elders in major decisions. South Korean defense minister Lee Jong soup says Korea needs to be more aggressive stance of saying even if Kim attempts to do to use nuclear weapons, it will bring an end to his regime. And Elon Musk has posted a video of himself walking into the San Francisco Twitter office here carrying a kitchen sink and changing his public profile descriptor to chief twit. He plants plans to address employees on Friday. Rich don't tell anybody. It doesn't look as much like a kitchen sink as a bathroom sink, but who am I to question Elon Musk? I'm astonished that you can tell the difference, actually, he had anyway, but as besides the point. Back to that. All right, let's get back to our guest. Nancy dauda is private wealth adviser to Ameriprise Financial, getting her take on the market. Where do we go next overall? I mean, our markets pricing in a recession any longer. Well, I think that most of that is already been priced in. But that doesn't mean we can't go a little bit further before we start to recover. And I think, as I mentioned earlier, that what will begin the recovery really is signs that inflation is subsiding and moderating. That's really the most important part. So I'm curious as to whether or not you think that there are opportunities offshore. We noted earlier in the day that the NASDAQ golden dragon index that is really an amalgamation of a lot of the ADRs that trade here in the states. I think around 65 of them, the index overall was up more than 7% today because of a market reaction to Beijing pledging more support for financial markets. Are you confident to put money to work in China? I know we're just wrapping the party Congress and there seems to be an over all sentiment that's negative when it comes to China, but I'm wondering what your take may happen to be. Well, the answer to your question is no. I'm not confident in putting money in China. But I'm in the business of meeting clients long-term goals and objectives. And the international market as a whole is very tricky at this time. The dollar is very strong. Europe is in great deal of turmoil and perhaps already in a recession, if not coming up soon. The Russian reclaiming in war is taking a big toll on Western Europe. So we pulled back significantly on outside the U.S. as my chief economist said that the U.S. is the best house in a very bad neighborhood at this time. And so we're kind of sticking with U.S. equities at this point. Well, certainly, but I mean, you know, when you look at EM and where the dollar is even though we've seen the fallen if you are of the volition that the dollar actually weakens them here, perhaps it's a good idea to get involved with EM and actually then perhaps benefit not just from a good stock or solid valuation, et cetera and also get money from the currency play. Well, eventually, I think that will be eventually, like I said, it will be an opportunity. However, it's highly speculative at this time in my opinion. I think it's taking too big of a risk when you have other less or more predictive opportunity here in the U.S.. So speaking of predictive opportunities, if we can agree that we are closer to a peak in the fed funds rate over the next few months, let's say sometime in the first quarter. Yes, and I understand that you need to see inflation data that begins to kind of move down. Would you begin to look for opportunities in the bond market, whether it's corporate bonds, or maybe even U.S. treasuries at this point. Yes, I actually, I think we're getting very close to a bull market in bonds. We already have actual yields. I mean, four and a half percent yield is very attractive. You can direct some funds there as opposed to the risk premium you have to take in stocks. So I think that is actually a very possibility of good possibility in the next few weeks, if not in the next few months. Although the feds will raise rates again in November and December, going from zero to 4% is not the same as going from four to 5%. I think the majority of that downside has already been priced in. Yeah, that's true. Quick word is to where you see the bond market going for the time being and also give you a sense of what the most, I guess, I guess the most important question that your clients are asking you right now well, I think the most important questions and clients want an answer to is when will it be over? Of course I don't have the answer to that and I would think anybody has the answer. But I do know for certain in doing this for a few decades is that if you're in it for four or 5 years or longer, you're going to be just fine
Bloomberg Radio New York
"lee jong soup" Discussed on Bloomberg Radio New York
"Use of force regarding Taiwan exclusive Bloomberg interview today. UK prime minister Rishi sunak telling the House of Commons today that he is delaying the economic strategy announcement until November 17th. Chinese leaders emitted from an official account of how Xi Jinping chose his new leadership team and apparent plan to change policy from including party elders and major decisions. South Korean defense minister Lee Jong soup says that Korea needs to be more aggressive in its stance of saying if Kim even attempts to do to use nuclear weapons, it will bring an end to his regime. Moderna is close to clinching a deal with the U.S. Department of Defense to develop a messenger RNA vaccines targeted a range of biological threats such as the Ebola virus. In San Francisco, Ahmed Baxter, this is Bloomberg back to Hong Kong. All right, thanks, Ed. Let's get back to that smoke challenge. The chief market strategist and managing partner bannockburn a global Mark, I mean, amazing moves by the dollop we've also got the ECB in perspective today as well and widely expected to deliver a 75 basis point hike. How much was that to do with the dollars? And is that largely because it's been, I thought it had already been priced in, but perhaps it hadn't. Yeah, no, I think you're right. I mean, why is the ECB raising interest rates when you're headed to recession? Partly because inflation is high. And what's the cause of inflation? I agree, of course, a little bit of it coming from the dollar, but I think that the real problem is higher energy prices. And that is more to do about what's happening with Russia and the policy response. And it is about the dollar. But for sure, on the margins, the dollar dollar hasn't helped them very much. It is interesting, the point you're making before the break about stocks actually being more of a forward looking indicator, not following. So in other words, if we're heading into recession, it's not normally that the stock market then bottoms later than that that it happens a bit earlier. So what are some of the things that you're looking at to bear out that argument, something that you can bet on? I think that's tough right now. Because this could just be another one of those bear market rallies and those bear market rallies tend to be very, very dramatic and catches a lot of us. People are looking for a balance and we get a bear market rally and we think it's the real thing. But I think that what we want to, I mean, it sounds kind of a gruesome in a way. We want to see the economy weaken. And for your inflation to come down and I do think inflation is going to fall. I think that the big surprise. Here's what it looks like to me. Inflation, CTI, average to the annualized rate in Q one. 10%. Annualized rate in Q two, 10%, annualized rate here in Q three, 2%. I think they were going to be looking at more than a percentage point off of CPI before the end of the year. Then it would reinforce this theme about the fed, slowing down its hikes, rather than beginning in December or early next year. And then I'll set up a speech for a stronger stock market recovery. So Mark, is that largely done to base effect, what's the deal here? Part of the space effect, I think there was seeing price in their falling. I think that a lot of things are taking place, right? The fed has been raising reach for 6 months now. And there is a lag time. And so four to 6 months, not so bad for monetary policy. The dollar as we talked about has been strong, demand is weakening. We see this from these corporate earnings. Right, they're saying, yeah, we raised prices to make up for lower volumes. Yeah, so if you're right, if the trend ultimately for the dollar is down, that the dollar has peaked and that equities have bottomed. What's the best way to play it? I mean, do you have the safest way to play that for, let's say, an audience that's listening to every word. Yeah, I think that for a lot of Americans, I don't know about the average per CAPiTA income of your listeners, but I think the most American households, the best thing to do right now is cash is buying an I bond. These are buying the U.S. government sales directly to people. I burn dot com. I think if I get on the government website and this is an inflation linked bond that up until recently has been really for institutional investors. This is available to retail investors with a $10,000 limit, but the amazing thing about it is right now takes over 9% risk free from the U.S. government that the coupon or the inflation premium gets reset next month, but the CPI over 8% is not going to go down that far. Okay, so it gives a sense then overall here of what that means for markets that are looking ahead. Yeah, so I mean, I think that we've been through this horrible shocks. We with COVID, the war, trying to retrace assets into 2020. There was like 17 or $18 trillion of negative yielding bonds. Data is hardly any. The markets had this. So we not only have these geopolitical shocks, but then the shock of having to reprice assets with a positive interest rate, the good news is that's behind us. We've
Bloomberg Radio New York
"lee jong soup" Discussed on Bloomberg Radio New York
"China is warning the United States in the strongest fashion yet over the risk of war over Taiwan particularly use of the Taiwan straits Let's get to it back to he's got the story in Yeah that's exactly what it is Brian China's defense minister a wave function saying that it is up to the U.S. to improve the bilateral relationship saying they're at a crucial juncture at this point Bloomberg Steven engel reports the defense minister's language is stronger than it has been Now it has been long that Beijing's a surgeon that Taiwan strait is part of China's exclusive economic zone However we're hearing from military sources that it is rarely brought up in military to military talks as a main talking point But increasingly now with the rhetoric ramping up the Taiwan strait is increasingly being called on as a no go zone for the United States by Beijing authorities And that is alarming U.S. defense officials Yeah U.S. has sailed straight for years U.S. seeking support in Asia over the weekend reassuring nations they do not need to join a coalition against China defense secretary Lloyd Austin saying the country should be free to choose free to prosper free to chart their own course He said there is no need to pick sides Australia seems to be taking the same tact defense minister Richard marles and talking with Juliet at the shangri la summit in Singapore says Australia is seeking a path If we engage with energy if we seek to place the interests of the Pacific people first and there are lots of challenges that the countries of the Pacific face in terms of development and Australia is in a unique position to assist If we do all of that we will be the natural partner of choice for the countries of the Pacific but it's not something that we get by right We need to earn it Miles tells Juliet the new government is working very hard in being fully engaged in the Pacific South Korea says it will boost its defense capacity to boost its defenses against North Korea defense minister Lee Jong soup saying that the situation on the Peninsula poses a global threat and he says he wants to work closely with U.S. and Japan U.S. Senate is apparently found a compromise over gun safety at least something that can pass the Senate Democratic senator Richard blumenthal and ABC has heard here on Bloomberg says it can save lives We can build on it We can move forward with other common sense Hopefully bipartisan proposals after this one is passed our focus right now is making sure we have the legislative language and the 60 votes we need to pass it Now the bill includes giving grants to states to implement red flag laws which could potentially allow courts to remove guns from potentially dangerous owners and it could provide for more school safety as well as provision to improve background checks for younger gun buyers look into records of domestic violence abuse convictions and restraining orders It does as of now have the support of ten Republican senators which is needed to get it passed Beijing and Shanghai have resumed mass testing as COVID cases rise planned reopening of schools in the capital just days after the two ended social curves have been put in place for a month now back on Hong Kong cases are rising still as well Latest count day to today more than 800 U.S. House January 6th committee holds a hearing a hearing two is what it is tomorrow in the committee member Adam Schiff on ABC says the focus of this one There are connections between these white nationalist groups and some in Trump's orbit Yeah chef says it'll move from there to the documenting the chance of hang Mike Pence and whether Donald Trump contributed to those thoughts In San Francisco I'm Ed Baxter This is Bloomberg right Brian All right thanks very much Ed 38 minutes past the hour It's time for world sport So let's get to Dan Schwartzman sword but he worried about spending by consumers but for the big football clubs no problem in spending.