21 Burst results for "MNA"
The Future of the Energy Sector
"The energy sector and the region's economies OB battling both covered nineteen and the oil price crash as tensions between market forces and management in the oil sector increase the Arab petroleum investment corporation's annualized no presents a weakening landscape and possible merges on the horizon let's bring it later Ben Ali she's the chief economist at Arab petroleum investments corporation they're always great to get your take on what the future looks like for us we we drilled into the numbers and and you talk about the private sector I suppose this is the big risk group was just talking about that about capital the private sector's share of energy investment is going to drop by twenty percent this year versus twenty two percent last year what are the biggest risks from not dissipation of private sector investment hello good good good morning minus good morning user I'm so I'm so glad to be with you this morning we've noticed a major actually degree professional degrees in a private investments in the energy sector indeed and that's not I don't think that's something that is of primary events in the region because in this region this crisis came a time where the private sector was differently feeble and and and why I'm sure I laid out today is a landmark moment over the last twenty four hours have been because you had Saudi Aramco executing the acquisition of a seventy percent stake in Saudi basic industries block trades worth sixty nine billion dollars huge transaction but maybe a bit of a scene setter of what is to come in terms of mergers in terms of acquisition right I mean it's it's good that you are reminded us of that acquisition but that's something that was in the cards before the current crisis I think what's twenty twenty is big enough is is a global reset you will have you wouldn't have to expect a restructuring of the value chains I would say in favor of the producers which are in the best physical position and and social media Ramco and others are are different in that position and also the players are facing the least leveraged answer twenty twenty with the beast yeah that's definitely something that's that's we are looking at and these will be also the same players that would be the best targets in terms of acquisitions so you would have in the energy sector overall and the associated I would say petrochemicals and service sectors as well more pressure to preserve a longtime fight fish increase up to to preserve evidence as well so that explains the there were potential wave of mergers and acquisitions that we can see which are June to the twenty twenty crisis is as we mentioned all reporting investments are being cuts and that's something that is I would say quite similar to what we've seen and different in the previous downturns the only difference this year is it started in the first it right away back in the twenty fourteen twenty sixteen downtown if you remember a user it took a couple of years to see those degrees of twenty five point twenty point twenty five percent year on year in capital investment the state this year resting their heads globally in twenty twenty and in the region of the oil and gas sector is the one that takes him most of the major hates because in in in theory you would see a utilities and renewables they can the most hated but this year that the upstream I would say and on the downstream part of the business we take most of most of the hits we might see and can I just ask you can I just ask you on on that line of thought on the on anime I would rather go could it be because typically this MNA upstream and dine street is within borders it is within national parameters to deliver those efficiencies through MNA what is the probability of something much more radical happening and cross border Annonay within the oil and gas going forward as a result of the pressure from cove it this year I that's a great question mine is I think the probability is higher and that's something that we have been tracking in at last year actually before Kobe nineteen crisis starts it because we already started to see the change of the nature of the relationship between institutional investors as a whole including the largest ones like this summer twelve fines and the energy sector so the energy sector as a whole is is coming to twenty twenty with squeezed margins across the value chain I mean I can give you the example of a less than ten percent to the specific parts of the gas value chain where we can still see robust fundamentals and robust demand going forward and also the fact that the energy sector over the last decade has been delivering very very long wait times due to investors and shareholders compared to other sectors so I wouldn't be surprised if you see including differently including cross borders MNAs in in the future and the emergence of new business models because I think most of the nineteen one thing that we learned is our specialization of with not to be the rights of business strategy to go or and a bit more diversification and integration across the value chain to be able to to balance the risks yeah and and and have a comfortable second goal of the value chain in and not so good so you will see that measure our larger players more integrated and ready yeah after all I would say the problems are that you will get a circle in nineteen
"mna" Discussed on Bloomberg Radio New York
"We may even have some big MNA picking up with the potential for the biggest deal in the history of big pharma to start off the week let's get a sense of what's going on in those equity futures here Bloomberg stock senator tables and they would have force yeah Paul you gotta focus on the energy stocks in light of the agreement from OPEC and other producers to extend output cuts and also were Saudi Arabia raising prices for some crude exports by the most and least twenty years how you put that all together I mean you're seeing some pretty substantial gains among the energy producers Exxon Mobil shares up three percent early chamber of small companies are really taking off Occidental petroleum up eleven and a half percent marathon oil up seventy percent and you see the new all services companies as well Schlumbergera six and a half percent and Halliburton eight and a half percent and then you turn to the airlines you you figure it in a normal sort of environment for that industry higher oil prices would be bad news well those stocks are taking off anyway other extending last week's advance which lifted the S. and P. five hundred airlines index by more than thirty four and a half percent that was the sharpest gains since the industry Gage was first calculated in nineteen eighty nine you put that all together you've got American up five and a half percent delta also up five and a half percent United of six and a half percent and the the gains extend a Boeing and which was up forty one percent last week about another eight percent in early trading today Hey cruise lines similar story carnivals up fourteen and a half percent wrote Caribbeans up eight percent Norwegians up twelve percent then your turn the financial stocks which helped Leeds last week's performance along with energy shares now where they're up after read the S. and P. five hundred financials index climbed last week with three month highs so you've got bank of America up three percent Citi group up four percent JPMorgan chase up two and a half percent Wells Fargo up five and a half percent you mentioned the possibility of a deal with the drug industry Gilead sciences's up four percent the maker of the covered ninety treatment does appear was approached by UK drugmaker AstraZeneca about a potential merger that's according to people familiar with the matter the both companies declined to comment we should note though AstraZeneca's American depositary receipts the radars are down two percent in early trading PG&E is up three percent to California utilities selling nine billion dollars of stock to help finance a reorganization under chapter eleven bankruptcy now that total includes three and a quarter billion dollars in shares diesel privately to the hedge fund Appaloosa management and third point as well as other investors international flavors and fragrances down two percent the company's sales dropped three percent in the first eight weeks of the second quarter on a currency adjusted basis take out the currencies seven percent decline in I. offense gross profit fell twelve percent and one more for your Penn national gaming down four percent the casino owner was cut to sell from all the torture bank after soaring as much as eight fold from a low in March it's amazing I saw some of the images over the weekend Dave of just the casinos in Las Vegas just packed with people absolutely but operating again and you know the gamblers are filing in what is that way I saw that you a picture of the Blodgett the craps table but you throw the dice have a good time everybody had their mascot but it you know it seems like business is kind of coming back there's a lot to see how that plays up limit stock senator Dave Wilson thank you so much you know the on again off again tensions between China seem to be kind of on the upswing again you know what we're seeing here most recently in the U. S. Senate is a bill to potentially D. list some of these Chinese companies big companies to like Ali Baba and things like that that have come to the U. S. over the years to get a sense of where we are with all of that so he's really big companies we welcome Bloomberg Arthur Levitt he is the former chairman of the securities and exchange commission and a current board member of Bloomberg LP so Arthur again we've seen some of these moves in the Senate kind of **** for tat going back and forth between the US and China this time taking aim at some of these big Chinese companies listed on the U. S. exchanges what's the story here well they've been allowed to list and trade their stocks without committing the public company accounting accounting oversight board to inspect the quality of their audience no the hello this is looking at making some changes in the Senate legislation and once they make these changes the Senate and the house will have to agree on the language in the final bill the other stock exchanges are concerned that they're going to lose listings because of this and they're pushing back against the legislation so it isn't certain that the bill will be finalized this year and if the legislation isn't finalized both the SEC and the public company accounting oversight board do I have the authority under US security laws to delist noncompliant auditors of Chinese companies they can also stop Chinese companies that aren't complying with securities laws from listing in the United States Charles in a way I hope that the legislation isn't passed because it isn't necessary the SEC and PCAOB will step forward and stop Chinese companies from taking money from U. S. investors when those companies failed to follow our laws part of the search turned into so much of this is the responsibilities of the years we look at all of this discussion of markets is a completely domestic basis of the prison is far more international most of our listeners I think what is the price that we restrict from China from an international viewpoint if we express our markets internationally what do we give up if we say no to the Chinese I think it's a balancing act and I think you you give up something but you gain much more I think that the Chinese companies have been weaker and regulation investors have been hurt so the danger of constricting the sale and purchase of Chinese securities is the lesser of two evils allowing those companies to list without very circumspect oversight so what would you do what what is do you know if if we do this if we affect this they gonna come back and do something what they do tell you know JP Morgan they can't have conferences at the Ritz Carlton Hong Kong I mean how does it work what what is the thing they actually do I think they will have a massive media campaigns to promote the notion that U. S. regulations are killing the opportunity for US investors to invest in very soundly managed Chinese companies that's the worst thing you can do Arthur Ashe hasn't been any real negative outcomes FOR U. S. investors here I'm thinking about some these big companies like Ali Baba JD dot com you know it they've generally been big big or well run well received companies here in the US have there been some bad scenarios yes there have been bad scenarios and most recent most recently a company called lock in coffee road there resulted in large losses for investors so we absolutely there are three levels thank you so much chairman former chairman I should say I'm trying to get a new job for the securities and exchange commission of course Bloomberg LP board member you oppose it it's just so interesting you you and I remember when a U. D. R. showed up yeah it was like wow can invest in Warner going far away at a nodding acquaintance with a couple of the British ADRs but boy is it expanded I mean the international sense of all of our markets exchanges is underestimated it really is and so you know you get the U. S. investors get a chance to investment one Ali Baba came public time is really an opportunity for US investors to really invest directly in the growth of the middle class in China the consumer in in China that's really how the company underwriters decision that story it's not the Amazon of China here's a way if you want to invest in the growth of the middle class in China in the consumer here's a stock for you to consider an Ali Baba so there's lots of opportunities are generally been I think generally good for investors no question about that are the perfect Monday in New York were re opening and its course good.
Oil crashes by most since 1991 as Saudi Arabia launches price war
"And oil markets have crashed more than thirty percent off the disintegration of the OPEC postulants is triggered an all out price war between Saudi Arabia and Russia at the opening of Asian trade Brent futures tumbled the most since the first Gulf War Goldman Sachs is warning prices could drop to near twenty dollars about let's get more on that with really big energy reporter Steven exceptions ski who's joining us from a lot of Singapore student studio Stephen good morning to you now I mean this price war what was the what was the reason for it well it really is a disagreement between Russia and OPEC in terms of continuing to cut supply or not basically Russia came to the table they've been cutting output with with pack under OPEC plus agreement after the last few years and I think you know it's it's really Russia didn't see that they were gaining which they were losing market share to U. S. shale drillers and other producers and so when when push came to shove and OPEC was deciding whether or not to cut output again longer for the rest of the year because of the drop in demand for the corona virus a Russian stuck fast in the they decided they didn't need to do that and they urge their producers to boost output as much as they can from the end of the month and Saudi Arabia follows suit and they said they would also be boosting output as well and the other OPEC members will also likely follow us now there's just a mad dash to try to grab as much market share as possible with the U. S. shale producers next up to see what they're going to be doing going forward yep city before it really starts to impact our own these countries budgets of course of Russia Saudi Arabia is still massively dependent on oil revenues will also going to be there looking to European oil stocks potentially amongst the biggest decline is when the market's actually open later this morning in Europe's even what you think oh absolutely I mean if you look at the producers at least in in Asia it's been a bit of a blood bath you've seen Japanese producers as well as Chinese and a few other companies across the board just all in the red today dropping significantly it's going to be the same when you open up in Europe in their arguably bigger producers you have shell and a number of other big players and you're gonna be looking at exactly how they're gonna be falling now with the US one thing that you could see if prices stay in this thirty dollar level for a number of weeks you could start to see actual bankruptcies in U. S. shale producers are number of some all companies that their break even costs are in about the forty five dollar level and if you see this going on longer they might either decide to just you know file for bankruptcy or they could be soaked up as part of an MNA deal by a bigger player or merge with other folks so this will have seismic effects and in the U. S. market going forward if the prices don't firm up in the next few days and weeks we'll see a very briefly on that I mean I guess with China gearing its economy back into a post virus phase potentially the Dimond could could come back couldn't there is a potential you know it China's enormous player of oil if they have the demand back and if there are people driving cars flying in airplanes that that could come back and you could see a bit of a balance but the fact of the matter is you know this coronavirus is fast spreading across the rest of the world and it was we look at the United States if there's some sort of of furthering of of the spread in the United States you see folks are driving not not consuming it could be worse than what what happened with China when they shut down so there is a bit more fear going forward I think but of course like you said the silver lining is China could be coming back and I could provide a lift as long as the rest of the world doesn't see much of a drop okay thank you so much Steven substance he that for joining us this morning but it begs energy report so they live in
Stock futures flat with focus on progress in trade talks
"But speaking of green we set the soul of the three US benchmark the nasdaq the Dow and the S. and P. five hundred hit record yesterday on optimism around US China trade talks and also MNA activity playing a part in that but the optimism the enthusiasm fading a little bit overnight futures where impulsive territory they've given up the games to trade flat S. and P. five hundred even he's nasdaq and Dow futures Ole unchanged looking to the bull market there's a number of moves in markets that happened overnight when we got the update about the phone call between the US and China negotiated that then faded the ten year treasury yield edged up what she down a basis point now one seventy five handled table deal goes no where it negative thirty six a tenured gilt yields also edged down one and a half basis points to get to sixty eight basis points early in the Asian session at one point we saw the yen hit a two week low against the dollar with a safe haven retreating but now we trade unchanged at one oh eight eighty nine and then elsewhere as well if you look at commodity markets with fairly quiet a Brent crude flattest sixty three spot sixty dollars a barrel WTI fifty seven spot ninety one down two tenths
Diagnostic company Exact Sciences to buy Genomic Health in $2.8 billion deal
"To get a sense of what's going on here in the equity markets with our good friend remain Bostick Bloomberg news brimming with a force well a lot's movie today I mean we can start with healthcare because we've had a lot of deal activity there of course there's that big exact sciences genomic health deal us in a lot of movement of course on both of those stocks these of course the big sort of diagnostic testing company that's kind of been all the rage for the last you know probably you're so for investors here and then of course yeah that Fizer my land deal Fizer a little bit weaker on this deal course Miley and are of rising pretty strongly on it basically five there's going to try to shuffle some of those legacy businesses the **** than of some of those other sort of a drug that are either off patent or getting to that stage where the generic competition is just going to be too much other doing sort of what you call a sort of a of reverse more stress deal were sort of allows them to do a sort of more tax friendly spin off of some of these businesses were you sexually create a separate entity and you have those two businesses then there's a really small micro cap company lexicon pharma obviously these companies are there almost kind of like a lot tickets get a lot of the triggers out I don't help people invest in Sony's biotech and bio pharma companies it's a book about a lottery Hey you you you pick it up off the floor and you hope at some point you know whatever drug trial they're working on turns out to be great and then it's so you're on to the road to riches apparently that's not gonna happen this diabetes drug that they were developing with Santa Fe Santa Fe essentially ending its partnership lexicon still going to go ahead and try to develop a drug but at least in the short term doesn't seem like this is going to be much of a winner so those are some of the big decliners today we did have a few big kind of gainers today GrubHub actually rising today up about six percent there was a big deal over in Europe up with take away that's a big Dutch delivery company buying just eats over in London so now there's of course a lot of speculation about consolidation in the industry GrubHub obviously only focus here in the U. S. but this is crossing causing some sort of world wide speculation about some potential MNA activity Hey you have pay pal to actually see me downgraded but there was actually interesting no doubt all here in the retail sector on under armor ahead of their earnings tomorrow a couple analysts out basically saying that think the numbers are gonna be much stronger mainly the company is a little bit more pricing power hasn't been discounting as much as they had in previous quarters so using the shares rise there up in the premarket remain Bostic thank you so much action in the equity markets pre market remain is bloomer television of course attorneys to give us some of the pre market action one of things we're gonna look for to this week in a big big earnings week over a hundred thirty companies reporting this week as can be apple clearly you know a bellwether for the market place a bellwether for big texture over day Bloomberg opinion commas covers all things tech for she joins us here this morning to give us what we might see Adam apple and I guess the the issue continues to be I guess the pivot this company is making a way from that the maturing iPhone on business into the services business whatever investor can be looking for here yeah I think that's right you've seen already that investors expectations of completely reset now about apple that we're talking about a company that is not expected to grow revenue much if at all for the rest of this fiscal year ending in September for apple and I think it's probably going to be more of the same so revenue not going up that which is a surprising thing for a a tech company but as you said poll the big story that investors are following is how is it going for apple's effort to sort of move beyond if it can this gigantic business in I phone sales and start selling people more you know after downloads at apple music sales an apple television subscriptions and things like that that it will least partially filled the hole left by the declining iPhone unit sales because he mentioned his iPhone units actually are declining on a global basis well we don't know for sure because animal started to stop disclosing that number but they stopped disclosing that number most likely because that number is declining now and is probably going to decline for the foreseeable future so we think that apple selling fewer new iPhones right here yes and obviously I think when we start for start hearing about China not becoming a a problem from a tree perspective all these low many months ago apple was really held out as one could be that's really expose would expect to hear from apple as it relates to China yeah I think China is going to be really important as well in this quarterly earnings report that the the the revenue numbers from trying to have not been good for apple ID been declined declining in a serious way and I think apple indicated three months ago that the trying to numbers are starting to look a little bit better so I think investors are waiting to see if that proves true yes because not only do they sell product into China they also manufacture most of their hardware there so the exposure I'm guessing is pretty extreme there versus maybe some other tech companies it is very extreme and I think apple is one of the one of the few very large tech companies apart from the chip makers that is heavily exposed to train in those two ways that as you said that apple sells a lot of products in China China is by far the top selling the biggest buyer smartphones in the world about a third of all new smartphones every year go into China and as you said trying to is central to the supply chain of apple and usually you hear people like president Donald Trump criticizing apple for manufacturing I phones and other parts of their products in China but the the company probably has very little choice but to continue doing so and in some cases right absorb some of the costs from increased component prices due to terror of some things like that so one of the countries as China begins to mature and roll over a little bit in terms of being a growth driver for apple is India how are the position in India basically apple is no where in India been taught well I know it India right now is the top growing big smartphone market in the world that purchased new numbers out today about vendor smartphone vendors in in India that are doing well and it's mostly Chinese smartphone companies companies like show me and vivo and off beau companies that have gotten big in in China in their home countries and are now doing well in India as well and apple's market share at least last time I looked at it was maybe one percent of Indian the new Indian smartphone sales even though apple's been talking about India as this important growth market as a long term growth market that still may be true but the fact is India's smartphone market is growing like crazy and apple is nowhere and apple's network they the high priced products presumably enough interesting yes sources are a big factor so it is a company it's amazing the stock up thirty three percent this year that's pretty commendable given that the company is trying to make this major pivot to services is our sense that you know the market I mean it I wonder how big services is ultimately become for this company yeah I I think I think investors are over into the Aztec about the services market the fact is there is no way to completely replace the whole created by declining I phone sales that whole industry smartphone sales are not growing anymore for apple and everyone else and apple doesn't have an answer to that and services are not going to fill that hole completely they can look at the more of these services products they introduce every new you know credit old men and credit card every new television product news all those things help a little on the margins and they're good because for the most part those services are relatively high margin products but it cannot replace the hole left by declining I phone sales how about if they're sitting on two hundred twenty five billion dollars in cash that might be helping things what what what's apple doing with this cash well I think the short version is there going to slowly return it to investors in the form of buybacks and dividends and you're right I think that is obviously hoping the stock price we should note that like a lot of these big tech companies apple took a big apple share price took a big downturn late last year and so if you look at apple's share price on a one year basis it's about even with the S. and P. five hundred right interesting just looking at the dividend yields got a one point four eight percent dividend yield right now returning cast between a twenty five billion dollars in cash that can buy you a lot of time as you either try to think of if you know determine what the next product will be or trying to ramp up your services business so we'll see what they have to say after the close tomorrow here of a day Bloomberg opinion columnist covering all things technology helping us out as we await the apple numbers after the close tomorrow again the stock up thirty percent year to date and is here mentioned you know kind of in line with the S. and P. on a trailing twelve month basis big tech took a big hit in the fourth quarter of last year was a market was hit hard by a series of issues including trade tensions which really flared up if we all remember from the fourth quarter of last year not of course had a disproportionate impact on the technology stocks including apple which is typically held out is probably one of the stocks long so the chip makers this year mention this kind of most exposed to China so want to see what apple has to say after the close as a company transitions from being a iPhone maker to a services a company with a lot of cash on the balance sheet this is
"mna" Discussed on The Paul Finebaum Show
"Okay. I want to ask you, I'm going to order here. Not that there is an order that a guy just called me a minute ago. And he said, why? Why? Nobody's giving LSU much credit and it may be fair because I think a lot of people were surprised how well they played, and now they're going to Auburn, you know you talk to the quarterback today, Joe bro. Is this team ready to take on a challenge like that? I think they are Paul. I think the jury is still out on who they are though. Yeah, I think these guys are. They are confident that Miami gain definitely gave them confidence whether you want to say Miami was overrated or they didn't. They just weren't the team. That's a confident boost. That's a confident win. And we know being around his game, the psyche of players and how much that matters as you progress. You don't think AM feels a lot better about themselves even in a loss after that game. So I think LSU is to the point within their circle that they feel like they're really good football team, and they have an opportunity to win. Every game they play. I think from outside, it's like we've seen this movie before, right? So this is a huge game to convince people that LSU is the team that a lot of people think they are that a lot of people are on the fence about, so it's on the role, don't we don't have a lot of success at Auburn now we don't have a lot of success there. So handy less mile. Oh yeah. And ING. That component. They get a w. here and everybody believes and they shoot up into the top team maybe hired in this so, but, but be cautiously optimistic, I would tell people just to be cautiously optimistic. Yeah, you mentioned am and I'm not surprised about what you said. I sat next to you at AM twelve days ago and they look different thought, maybe it's the opponent, but it wasn't the opponent. Now they they have, they have body and Pete town and is so cliche to say that it's so cliche. I talk about a new coach coming in. It's JIMBO is seventy five million. It's a culture change, but for the players that actually believe that Indian play into that belief, it was amazing to watch. I I, I was Aggie fan during that game just because of the fight, the wheel that taken a blow in there giving a blowback. Those were playing their hearts out. And I think if you're a college football and two, I give credit to Clemson. As well that was hostile for an MNA play that whale income field and for Clemson to be able to make enough plays and the end of the game to win that game. I give them credit but am turned over. They turned the page last night. Like those type of games are when you see them competing for the west here in the in the near future. I think those are the type of games where you gonna point back to say that that was the change. So I mean, everyone says the same thing that you can't do anything on clemson's defense and we nobody really has. But success was was had there which brings me not to get too far ahead but. Alabama a week and a half. Yeah, I think bama's better than Clemson. But with that being said, they they, their mentality is different. Now go into play bamboo and look on a roll matters. It matters. It was difficult for Clemson, absolutely planning. How feel so those type of things are going to be in the plate. But as far as AM and the them competing for four quarters, that's what we want. Paul, what did we talk about? Half physicality compete for four quarters. Don't don't look like somebody that forgot how to play football. When when you take a bad couple plays on when something bad happens to you..
"mna" Discussed on KSRO
"Trending rand Paul, is trending, I just wonder I mean when Jack Dorsey and the others created this stupid little website one that we all rely on now is this with. The intention was does he claims. It's a digital town square. It's not a it's a Digital, attack square it's a digital. Bully the left will, bully, you square it's a digital let's be anti-trump square they need to. Lose their their immunity from from, liable they need to lose that because they're not even handed it is not an even-handed website not even a little bit and people will read that watch that and say, well obviously the entirety of. The entire world. Things Trump was. Horrible today, so before we go to break I'm going to ask a, couple of specific questions that I definitely want your thoughts on what you've, heard the president has said or did say. In this in, this summit First question is and this is specifically for those on the left or those of you on the right who have a problem with what he did today Should he have met with, them first question second question what did you expect Third question should he had brought a fake reset button and pretended depress it should he have settle have more flexibility after? The midterm elections should? Have said that would should he punched in the face? Maybe a body slam should they have? Done MNA match inside of a cage, what would is it that you wanted the left was going to complain anyway but then you've got. A guy like you Anderson Cooper. Who I think is a good television personality he doesn't nice. Job on television I don't. Think he'd be on television if he didn't want he's acting, as a journalist I think that he does a decent job as a, journalist but when you're pretending to? Be a journalist and. Then you out attack With the president did or didn't do today that's ridiculous We saw his comments yes. They did How are you a journalist when you say something like that your job, is to go. There set? The scene keep a. Journal, what happened I? Don't care that he thinks, it was disgusting or horrible or or something he debased the American presidency or something, what is wrong. With you And why is the show? Called interest. Cooper three sixty three sixty you know. Is supposed to be that it covers everything all the way around is that. What I'm guessing I'm not I'm not. Sure though 'cause he doesn't Covers governs what. His opinion is I didn't see, what Shepard Smith had to say but he's like a Anderson Cooper light recently when it. Comes to going after the president so those. Are the questions that I have if you've, got concerns about the summit today just want to know exactly what it is you expected to see or hear, one eight, hundred, three eight three nine. Six two four. Joepags dot com coming right back stair This is. The Joe pags show Do favorite next time you owe the family up and..
"mna" Discussed on KSFO-AM
"To be here with you this morning after a fantastic week they say what a difference a week makes and boy this past week market went back up again the market finished off the week quite strong in on friday we had a nice day in fact the dow was up three hundred forty seven points to close at 25000 300 nine so again we broke the 25000 mark with some strength sp 500 was up forty three that's a nice game to close at twenty seven forty seven remember reluctant again for 28 fifty to get to the alltime highs once again and remember what i was predicting for the year i'm saying the s p 500's should get two three thousand nasdaq was up one hundred twenty seven to close at seven thousand three hundred and thirty seven and what's been interesting this past week once again has been the 10year treasury this seems to continue to be something of interest particularly when it comes to the market the 10year treasury closed yesterday at two point eight seven now again it's flirting with that three percent level and again when that happens expect the market to react probably negatively to that sort of news but i don't think it's the end of the world in fact i sort of expect rates to continue to rise and you saw that the market enjoys when it says it's not going to the fed knock on to raise in fact us would drove a lot of the game yesterday the dollar continues to get weaker the dollar against the euro yesterday close at a dollar 2003 to a euro so once again if you're thinking about going to europe the summer may not be the best time overall but uh that currency strength shows that uh the market is anticipating rates to continue to rise now what's going on this past week what was of interest to me to me i think this is going to be the year of the mna and why is an important for the overall market emini or mergers inactivity or mergers and acquisition activity is overall good for the market particularly the financials and what seemed to be driving a latest set of mna if you will is the tax deal because what's happened with the tax deal is corporations are going to pay lower taxes to.
"mna" Discussed on Xtra Sports Radio 1300 AM
"Haven't felt before ever in a long while during up some feelings but all the feels isaac can i have goals for the spring though do you want to tell people what your physical activity goal is take first place and a wrestling tournament wrestling not mna yeah okay no hunch did you wrestle in high school uh no post high school oh got it okay so you're going to argue entered is this a thing not yet okay but you promise this is what you're doing i'm trying to you okay well give to qualify for this wrestling tournament no you just give them your money in and you lose fast if you're good ula do you have a singlet no no you just wrestle in shorts shorts i'm a shirt while thank god for that i have a spring activity goal as well i will be running my next half marathon i hope i'll be running it i mean i'm still early my training so i guess that could be walking it option i'll at least be picky at my feet rapidly so time you need a spring physical activity gold i know it's not sitting on your couch watching extra hours of on your tv i do actually yet i have a little vacation planned a little a little dominican vacation that there's going to be a lot of like water sports activities snorkeling i'm mighty we might even push like scuba lessons and slept so i hope you're going to prepare for a half absolutely will be in shape for that vacation and wet it well no no not in shape we need a goal here is shape is kind of in theory hill that plan golfer yeah that's enough for me like i have to run three miles learn just like it needs to be more specific goal otherwise if you're just in shape who decides if you're in shape four pack tom i think i think it'll be think it's enough of a difference for me now to me being and shape suggest out when this the trip may middle of may is that tom drowning when the drafts and the nba finals and before the nh before the stanley cup finals and i.
"mna" Discussed on WAFS Biz 1190
"Will actually shearer effective tax rate stay in the same range that it has been who gave guidance yesterday of twenty seventeen a twenty percent or cash taxes will actually go up slightly though because the socalled guilty tax that will be imposed international this means you have more flexibility for mna myintu be interested in bill payment crossborder lending all the above so i would say to the two categories that we look at one is expanding our geographic footprint for global company were two hundred over two hundred markets across the world who love to be bigger in some of those markets but to your point there are a lot of complimentary services to payments like build like international money remittances that that are good for customers and tuck it really well to the platform that we are we seats where now at bitcoin trading pick how the showman has said he's concerned about instability when way pc something wipe out on say that so we will not within my but we've experimented with the coin with our braintree platform in the past we see those that because of the volatility of this currency it's not something that merchants readily accept the few five percent operating margin of profit margin as it merchant and you see a didn't you accept bitcoin and you see a ten percent swing in one day your now underwater on that transaction so i think it will be a while before we see the stability in this currency to where merchants will readily accepted that was papousek cfo john rainey speak with bloomberg's emily chang and now for a look at another company's fourthquarter results bloomberg vanni quit ups cfo rich peretz they began by speaking about the company's weaker than expected earnings when you look at what we are now what we talked about we talked about growing earnings next year above our historical guidance that twenty percent about a third of that is the underlying growth of the business and then there is benefit from the tax reform and we're putting those dollars into capital that he's.
"mna" Discussed on Bloomberg Radio New York
"Pay out at 1000 dollar bonus to two hundred thousand employees that's two hundred million dollars it's looking for 1 billion of cost savings from its merger with time warner and so i think you know once you sort of put but more symbolic than anything else without a doubt although i have to wonder how much this does to the bills popularity i mean is this the enough of a sword of boost to individual workers to make them like this again or is this just sort of you know is it gonna come out as a wash because he's companies are going to do what they're going to do anyway which includes cutting jobs and includes investing in plants overseas you know i think it depends on how it plays out these are you know sort of a handful of companies that we saw making announcements yesterday of depends on how widespread that is and to what extent these changes take hold on like you said if then you also see these same companies cutting jobs i think you know people are smart enough to sort of see through that and say okay well wait a minute they know about a thousand dollars was great but now i don't have a job so i mean we'll see how this sort of plays out and you know a lot of other companies have not announced special bonuses and have instead been very clear about the fact that they intend to use tax benefits for share buybacks for dividends for mna is it the same for example at wells fargo and other financial institutions where they just increasing pay so they um you know sort of did a mix of things wells fargo said it was going to increase its minimum hourly wage they also said they're going to increase their donations to sort of communities invest in that investment small businesses look i mean raising hourly pay i think is a little bit more meaningful than just a one time bonus because that's a little bit more permanent but like i said i mean the amount of money that it costs them to do that as a small fraction of what their ultimate benefit will be from this tax julie it just taking a step back as we get a sense of what bill it is that actually did pass what.
"mna" Discussed on Bloomberg Radio New York
"Vis offshore money will go into anything other than by that sore mna lastly telecom firms could win big if enhanced abduction for the capital expenditures make it into the final bill theoretically allowing them to upgrade the fiber backbone of the nation for now though the waiting game goes on until a final bill gates the president's death as you just saw the trump administration wants tech companies to bring back their overseas stock piles of cash and turn keeping companies like apple from fleeing tax havens like ireland were apple just reach a deal over fifteen point four billion dollars in unpaid taxes to pay those back bloomberg gadfly columnist cher over day joins us now so let's start with the actual rate it's a lower effective rape but the effective rate is already fairly low how much of an impact is this going to have i mean look every business wants lower tackles olympic that's been clear in all of the debate about the tax legislation this year the companies in tech and outside of tucker very happy to have a lower tax rate even as as you said a lot of these companies are not paying the 35 percent statutory rate because of tax breaks and other reasons to what about repatriation asian how much money is actually gonna bring back four trillion dollars as donald trump since he i'm not sure where he got the four trillion number i mean look there are several trillion dollars of companies company money parked offshore that are considered permanently reinvest and therefore not tax 35 percent but you've seen ways that companies like apple have basically done stealth repatriation rate so apple has two hundred fifty billion dollars or so parked overseas but they've also borrowed a hundred billion dollars in the last few years to do things like buying back their shares issuing dividends things like that and you can look at that as a way to repatriate money without paying the tax which is kind of what apple might be able to do under this proposal which the new there had been concern about stock option legislation that was not in the house felt was dropped from the.
"mna" Discussed on Bloomberg Radio New York
"The sp 500 index as much as one and a half percent because of the former national security advisor michael flynn pleading guilty to lying to federal agents and the merlo russia prayed at getting a bit closer one step closer to the white house in a circle now the 10year treasury yields to say fell five basis points having said that we have seen significant recovery ready today because the tax overhaul was passed by the senate late on such say no isaac two point four percent is the 10year yield up four basis points on that today and the pri by doliscat idex those against three tenths of one percent bearing the dollar index itself ninety 93 spot eighteen and other issues to look out the italian telecoms and cables company that prisme am is to by general cable the thirty dollars per share as it that's an interesting bit of mna on the back of that cvs amp knuld deal in the united states of america to create a huge health cat giants in asia the topics fell half of one percent of the plays the decay will say at closed down half of 1 percent outside of japan load mostly stocks were higher intense over the european markets the year at the moment trading one sport eighteen so we could see tenths of one percent the pound is said we care 10th of 1 percent trading one sport 34 on cable have is ahead of the may brexit lunch leaf an army should boded ill has not yet happened that's security to the broadcaster rtp said we shall see whether they could convince i eu counterparts that enough has been done on these three sticky points to believe onto the trade negotiations today is the eu deadline day okay plus most humbly beg david here that is a bloomberg business flash now here's celtic hill of whom almost gang around the world good morning good morning caroline volleys mount arkham if no longer spouting irish with airlines having returned to near normal schedule indonesia's disastermitigation agency says the volcano remains at its highest alert level but most of bali is safe for tourists the exclusion zone around the volcano still extends ten kilometers from the crater with more than fifty five thousand people currently living in shelters several cows lundy this will today land whether they it will be released from custody to campaign catalonia's elections on december twenty fast as a pre court judge will decide whether eight members.
"mna" Discussed on KARN 102.9
"And the sp moved higher by 25 points to twenty six twenty seven cyber monday sales soared to a record high of six point six billion dollars at it helps that americans are feeling good about the economy the conference board says consumer confidence in november soared to its highest level since two thousand thanks to low unemployment and record stock prices home prices are also at record highs across the country as the pk schillers' has on prices rose over six percent in september from a year earlier the strongest gain in over three years seattle continues to post double digit gains the restaurant sector is buzzing with mna speculation after privatelyowned irby's bought buffalo wild wings for two point four billion dollars jason brooks for cbs news shall clouds increasing across the region tonight as a week storm system approaches will fall to the low forty five degrees this ronald system covering a shower tomorrow into the evening hours otherwise mostly cloudy and mild with a high of sixty seven in the afternoon mostly cloudy later tomorrow night a low of just forty eight then we'll stay comfortable on thursday clouds yielding to afternoon sunshine a high of sixty six we'll stay comfortable right through the weekend with plenty of sunshine with highs in the mid to upper 60s i'm accuweather meteorologist steve travis vis vis chris plante helterskelter to him was race war if the united states of america was to pit the races against one another black and white in particular he saw this coming race work and he wanted to feed the fire of racial animosity in the hopes of for bringing about a race and now that he's gone torch has been passed through a new generation and its name is the democrat listen to chris plante mornings at nine following first news with kevin miller.
"mna" Discussed on Bloomberg Radio New York
"Ravens week jackson's 2003 sixteen global news 24 hours a day powered by more than twenty seven at the journalist and analysts in more than 120 countries i'm michael barr this is bloomberg bob michael thank you very much worth lease to have as our guest this gianst his ski vicechair of nathanson business development four blackstone joining us in our london studio good morning sir and welcome you're known for decades olof mna advisory for morgan stanley hsbc and blackstone were you currently responsible for a number of sovereign and international institutional relationship so it's our opportunity to get some insights on the brexit talks first of all a governor carney is doubling down on his warning that a breaks transition period is needed to avoid disruption of the financial industry has there been enough focus on that in these talks i think you have to look at the talks on two different labels um you we've got the public fanfare um and that is i think to a certain extent being badly handled there there is not really a consistent communication strategy by the british government nor by brussels uh so it does create the impression of a bit of a dog's breakfast on the other hand uh the working groups uh at the worker bees level i think are making a lot of progress uh uh a uh segment by segment of the british government has been working very hard with their counterparts and i think to some extent they are making progress and i think the financial services industry obviously from the standpoint for her matches these treasury is also part of that are now to mark marks come as the governor's comments uh you know there's no question that you always need a transition period um but the judgment of that transition period is not something you can relate to into your actually understand uh the nature of the deal in a having done a lot of deals in our life negotiations we all know that depending on the deal sometimes you might need a transition of six months or sometimes you might need a transition of three years uh depending on uh the facts and circumstances and i think it's early days to make that judgment i think there will be a transition required the issue is whether it's a shorter longterm you draw distinction between public perceptions and the private side of these talks.
"mna" Discussed on KBNP AM 1410
"To get something done lows grew to be with you i don't know if i'd call a confidence as much as need uh bordering on disparition and as we all know there's been some alleged sla legislative challenges and that's creating a real sense of urgency so i can't say its confidence it's definitely more than need now that the issue is you've got a yawning gap between republican optimism about what a tax bill would do and democratic scepticism that's going to be a fundamental issue that will need to be corrected if we want to get permanent tax cuts they could put something through temporary before and permanent you've got to bridge the gap eat on just trying to put this together with the mission of uh solution nemax be 'cause you're talking about realitybased economic and global trade strategies has not supposedly nothing to do with politics you want your you look on forest solution to the issues of economic inefficiency uh what you described as a kind of broken tax system what if you've got a clean sheet what would be may be the one or two things that you would like to be able to say to the you know six or seven hundred odd people plus their minions that these are the things that are most important in a nonpartisan approach certainly earned corporate tax cuts the concept of roy i come from the world of business and finance the way you can get something done politically if there is a will by the politicians is to set aside the politics and used an objective metric like return on investment instead of having the unconditional tax cuts that we have today which leads the democrats and the republicans debating about what the results will be come up with the concept from the world of mna in earned approach so the earned corporate tax cut that's the number one thing i would do how would just give an example of how that would work with the cooperation absolutely so the first thing would be corporations that are increasing jobs in america they get a tax cuts companies that don't want now what this does and this is the exciting part it actually reduces the tax cuts for companies not creating jobs which means more tax cuts for companies creating jobs so you actually increase you accelerate the incentive of the tax cuts.
"mna" Discussed on IOT Podcast
"But people can get to them and they can be sniffed end half have at least one unknown or rogue device and twenty percent have wireless access points that are unknown in you don't want your wireless access points to be a known as anything that connects to them will be alterable see i think anybody's implementing this system just needs to binge watch mr robot am i think go get a kick in the pants were there there we go so really you guys if you have automated systems you have room monitoring systems and you feel like they're secure you should probably double check that this is target got hacked this way it was unpleasant so let us so that's all the bad news we're gonna talk about for now on this cyber front let us move to a giant mna deal holy back role as an old ship reporter i was really excited is not the word kind of awestruck at the idea that broad com offered this week to pay a hundred end five billion dollars billion with a b to acquire qualcomm this is an unsolicited takeover bid offering seventy box per share for qualcomm and this is at the middle of broad com trying to buy brocade after it said it would move its headquarters back to the us in in the middle of qualcomm trying to finish its massive deal for nxp so yeah this is huge i'm in broad com is a big player just in a different way than qualcomm broad comes more of a bluetooth fi.
"mna" Discussed on Bloomberg Radio New York
"The web summit in lisbon the talk about the company's relationship with softbank an mna in the chip business this is a huge deal for the industry consolidations being going on in the cibitoke the space for quite some time rely cost pressures driven by the already insensitive the and then this would be a huge transformational do for the industry cheating do you think it would get past the regulators eight my place the comment on that is obviously a lot of complexity to it what we got a long way to go but there's something really cool calm liberal problems between them the bank if he would and your changing relationship you're on the bordin director is now considering silly uk company i'm really is a global company headquartered in the uk and the largest portion of our employees thirty five thousand people in the company was spread all around the world and that's because the industry it is all around the world so we have people in places where they can work widow paul is closely in the right times speaking the right language we have engineering already sentences around the world where we can attract the best so global company but we hit quoted in the uk i would have said that so this question before the acquisition by softbank and it's still true today will it be true in the next few months so because looks like the talk therapy labelling right now and i know we've spoken in the past year hiring briggs says no that the us is talking about lowering tax rates and the uk is mired in baker told leeson thinking going on about moving you're done we've looked to the various issues affect us as a business primarily it's about being able to attract talent the uk is oh headquarters as a safe we gotta allows should already police we benefited greatly by being able to employ people from all across melee europe our expectation is going to get hold of result we're not planning on making any fundamental shifts moving out of the uk the uk we've done analysis on that didn't even group benefits anyway so i think we'll we'll stay roughly in the shape that we all know security pig feed that this may and i know you do see risks took business posed by artificial intelligence what's all those race.
"mna" Discussed on Bloomberg Radio New York
"The duchess of cambridge formerly kate middleton dropped a hint about six weeks ago that a third baby for her and her husband prince william may be in the cards telling the duke will just have to have more babies after being handed a toy for newborns in that announcement from kensington palace today confirms that the couple are expecting their third child the statement says williams grandmother queen elizabeth is divided by the news william and kate already have two children prince george who turned four in july and princess charlotte who celebrated her second birthday in may officials say the dutch has met again suffering from severe morning sickness and is sitting out engagements planned for today i'm scott carr in ohio board has approved a nearly eight million dollar tax credit for amazon which is building a new fulfillment center outside of cleveland that couldn't play two thousand people facility set to open in 2018 i'm anne cates and i brian courtesy in hong kong let's get you caught up on this hour stop business stories and the markets while further signs of strength in the chinese economy this morning that size sheen services pmi rose to fifty two point seven from fifty one point five in july the employee sub index rose to fifty one point seven from fifty point nine in july incorporate news united technologies has agreed to by rockwellcollins for about twenty three billion dollars michael antonelli managing director at robert w baird calls the deal another sign of health in the defence industry company still optimistic about the future dillon gates an mna you'll thicket their growth out there and they're not we make are not going back to the sidelines and if you include net dead the deal is actually closer to the size of thirty billion dollars in bitcoin fell about twelve percent in the last twenty four hours that after the people's bank of china declared initial coin offerings illegal it has now recovered a little bit this morning but then he gave back and one hundred and fifty dollars is so trading now at forty.
"mna" Discussed on Deal of the Week
"If you can get that marginal rate down i predict you'll see a lot of companies say okay let's make this decision not based on tax friction or tax leakage let's make this decision whether or not this business is best is best operated under our ownership or whether there is a better combination i think freed of that friction you will see uh another increase in in emanate activties yeah and i suppose deals that have done on the robust march trust the tax pens generally it's very limited sued scope of of deals it can actually a colleague up and it it limits the scope of buyers it uh forces companies took and tort themselves and still there is a reasonably robust a number of companies that use that as a way to divest businesses in an effort to avoid taxes you get a lower mortgage no rate i predict will see more regular way divestitures we should be good for the batik business i think all of these things set up well for the boutique business i think mna is always going to be a cyclical business so it's going to go up and down it's never gonna be you know in a straight line but the fundamental baseline of eminent activity is going to go up for all the reasons we talked about with the rate of change the pace of innovation uh speeding up this world is speeding up it's not slowing down i also believe that more and more of the talent that exists.
"mna" Discussed on 77WABC Radio
"Ricki eight ricki eight mm months things the eight seventy seven new york comes to toss the cosby show seventy seven and welcome back to the reader cosby show we continue now with boxing champion shannon briggs chanting you know we are talking about mna before the break ito it's interesting loves boxes have so many layers to them you have an amazing light story and i wanna get to what you're doing now and also how it relates to your pass first of all you've got less let's go champ sports tell us about the sports and entertainment company well so i've been to a movie i was on the phone the score five sure i quit true right company that's a big amount of money part of the goal is promoting athletes tell us about what you think you can pass on to to some of the young athletes that you see out there well a professional sports so many things have traveled the world drew brees it's i can be every cent two live i'm two mm sure unfortunately two one of the other things too that it does is it gives back to at risk kids this is something it you know well to well your life story is really inspiring chen it's amazing when you look back you were homeless as a teenager living in new york tell us about that from from thirteen god sure it's twenty three years i've been two two two you know what i'm saying sure.