36 Burst results for "Macau"
Fresh update on "macau" discussed on Bloomberg Markets
"Performing individual stock in the broader market right now, the S&P 500 Moderna it is up over 3%. Most actively trade in Amazon.com shares of about to 2% right now. S&P 500 twenty four points lower, that is down 6 tenths of a percent. The downside industrial average down 164 points down about half a percent and the NASDAQ 100 right now, 25 points lower that is down two tenths of 8%. We check the markets for you every 15 minutes during the training. They write to your own Bloomberg radio. I'm John Tucker, and that is your Bloomberg business flash Paul. All right, John Tucker, thanks so much. We appreciate it. The good news is Matt Miller is here with the red flannel shirt again the bad news is he was at the horseshoe on Saturday in Columbus, Ohio. What? A horrendous loss. It wasn't even, you know, it didn't feel like a fair fight at the end, Ohio State just didn't show up. Michigan is really good. I've seen, you know, my Penn State lose both to mission. They're good. But any time you play a team that doesn't have a defense, it's pretty easy to score goals, right? Good stuff. It was fun. It was good to watch, but not so much fun for the folks in Columbus. But it was a good game nonetheless. All right, let's talk stocks here. I mean, I got the markets off today. I'm not sure what's going on here. Abigail, do a little she knows this stuff she's markets correspondent, just met, and she's equities. They're both here in a Bloomberg interactive broker studio. Abigail, what are you looking at this morning? I'm looking at a wide variety of markets and stocks. I think what stands out to me the most right now is that the hx C or that NASDAQ golden dragon index it is up 4.1%. I would not have expected that when early, early this morning, I saw the headlines about the protests and over the weekend, frankly, in China, I would have thought that some of those China tech 8 hours would be down, but that's not the case because pan duo duo, it is up 15.5%. It's best day since March of this year and they put out what anals are calling a quote unquote blowout quarter, another one, a big profit beat. So that ecommerce platform doing pretty well. Just met and you're here in a Bloomberg area at the broker studio, Apple seems to be a topic for a lot of people here. I don't know. I mean, 6 main phones sounds like a lot, but they sell children million phones every year or something like that. Right, so they're facing a shortfall, like you mentioned at 6 million iPhone pros on basically what's happening with the upheaval in China. And shares of Apple ticker symbol AAPL down more than 1% this morning. And so those shares of companies that obviously do have big production facilities in China. They are under pressure, but interesting enough, I don't know, Matt will probably appreciate this since it's warm that the Tesla sort of sphere and the carmakers here, but those shares actually paired some of those pre market losses and that stocks up more than a half a percent that ticker symbol TS LA because Reuters actually reported that 1.2% that gain on Tesla right now. So even higher now, so Tesla plans to produce a revamped model three in the third quarter of 2023. That's a report actually from Reuters. So basically that revamp it's an aim to cut production costs and it isn't clear when production would actually stop start at its Fremont plant, but the plan does involve redesigning the model three interior to simplify the number of components. So seeing a turnaround there for that. I don't know how a Tesla interior could get any simpler. The definition of Spartan in terms of interiors. In my opinion, because you have every bell and whistle on the Chevy Silverado. Yeah, yeah. I got it all. You know? The whole thing about Tesla, it was a minimalist design to begin with, you know? But it's interesting and also if they will find new production and other places, soul, for example, is courting. Mister Musk. So that's one to watch. A couple of Chinese stocks or stocks maybe that are related to China in a way are doing well. I see Las Vegas sans is up 1%. I see win is up more than 4%. So what? Analysts like these stocks that should have exposure to Macau, I would think they'd be worried. Right, and also U.S. Chinese listed shares in the U.S. like Alibaba and JD.com. They actually have been posting pre market losses since then they've turned higher as well so looking at Alibaba more than up more than a half 1.5%. And then also JD.com up nearly 3% so you're seeing some reversals there from what we initially saw heading into the open this morning. And on those gaming companies, there was an upgrade over at JPMorgan for both win and melco saying that to outperform saying that these gaming casino operators are likely to outperform on the China reopening hopes apparently a few of these companies also Macau renewed their licenses. Going back to reopening hopes. Reopening hopes. I know that. Now there are no reopening hopes. You know, we have all of these conflicting reports, so it's going to be and lots of video and pictures. It's going to be interesting to see how that plays out, but those stocks are higher and that analysts made that call. So apparently they have different information. Investors are following along and buying the shares. So speak news to get the Macau licenses renewed because unlike Vegas where it's assumed you're always going to get renewed there it's not. So to actually get the renewals is a big deal for them. And I think we also have to really think about the pain do I do because all of these stocks earlier in the pre market had been down, but because it is up so much and they had such a blowout quarter, it seems to be that rising tide lifting all boats, even though you have sort of this macro. Analyst. By the way, I wanted to ask you about 4000 for the S&P. I know it probably doesn't matter. On the charts, but Paul and I like it. It's a big round number. You know, we struggled to get back above 4000 for the last, I guess, two months. What do you think about it? So it's so interesting. I had no thoughts on it, but I just pulled up a chart and let me see. I mean, I think it's more psychological than anything, but it is interesting that it's right below that 200 day moving average where strong resistance has come in. And it appears to be setting up into the possibility of some sort of a topping pattern. Last week it actually looked like you might see it flag higher similar to the Dax, but right now it looks as though the sellers the sellers have some conviction here on the S&P 500 it's going to be really interesting to see whether or not that 200 day right above 4000 could be taken at 40, 54, if not, look for a move back down to 40 54. That's interesting because 40 55 is the average analyst call for the year end. If you will. And you know that happened. Well, that would not be because of that report. Yeah, there's a reporter who gathers all the Luang. Yes, exactly. And I follow her stuff. That wouldn't necessarily be a good thing. You'd want to see you would really want to see that resistance taken out strongly, like the buyers really buy up stocks and new highs. All right guys, good stuff. Appreciate it as always Abigail do little markets correspondent Jess menton. She covers equities for Bloomberg news, both of them here in our Bloomberg interactive broker studio a little bit of red on the screen here, not going to over sell it. Which is good by the way, because I don't think
American Casino Giants Win 10-Year Macau License Renewals
"Macau has renewed the casino licenses of several foreign owned casinos in a bid to boost its economy at a time when revenue has plunged under antivirus restrictions. The former Portuguese colony awarded the licenses to MGM Resorts Las Vegas Sands wind results and three Chinese rivals after they promised to help diversify its economy by investing in non gambling attractions. Macau is under pressure from the Chinese government to diversify with retailing entertainment and other industries and to reduce reliance on gamblers from the mainlands its main revenue source. The territory of 700,000 people is the world's most tourism dependent economy which has shrunk since anti COVID restrictions shut down most tourist travel in 2020.
Shanghai Disney guests kept in closed park for virus testing
"Shanghai city government says Disneyland visitors have been temporarily blocked from leaving as part of virus testing that extended to more than 400,000 people The city's health bureau says the park had closed on Monday for testing on staff and visitors or guests had tested negative and were allowed to leave by 8 30 p.m. no details of a possible outbreak had been released but 1.3 million residents of the downtown yangpu district warded on Friday to stay at home for testing Also authorities in the southern city of Macau were clang out virus tests on all of its 700,000 residents after one case was found last week China's government is sticking to a severe zero COVID strategy that shut down Shanghai and other citizens here to try to isolate every case I'm Charles De Ledesma
Thornton, Wings beat Sun 89-79, force deciding Game 3
"The wings have forced a third and final game in their first round series by surprising the sun 89 79 the 6th seeded wings never trailed in earning their first playoff victory since 2009 Kayla Thornton scored 20 points and Thierry Macau and added 17 with 11 rebounds in a game Dallas controlled until a 22 two run by Connecticut made it 84 73 with under two minutes left John Quayle Jones had 20 points and 9 rebounds for third seat of Connecticut And Brianna Jones also scored 20 points I'm Dave ferry
Macao extends lockdown to curb biggest COVID-19 outbreak
"The Chinese gambling enclave of Macau has extended its lockdown by several more days as it grapples with the biggest coronavirus outbreak in over two years Authorities say industries and commercial companies will remain closed until the 23rd of July authorities have also banned all inside dining and have ordered residents to stay at home unless absolutely necessary Casinos which are the main source of income for the autonomous city have been ordered to close as part of the lockdown I am Karen Chammas
"macau" Discussed on Bloomberg Radio New York
"Difficult for Macau's casinos again. What does it mean for the industry overall Let's go to Hong Kong and Bloomberg daybreak Asia host Brian Curtis and his colleague Doug prisoner for a look at what's happening. Nathan COVID zero policies in China extend to both Hong Kong and Macau in one form or another. This lockdown that we see in Macau now means that the casinos and other non-essential businesses are shut down completely. It's yet another blow to the 6 gaming license holders in Macau. And putting that into context Bloomberg intelligence is saying that gaming revenue this year might be only 20% of the levels seen back in 2019. On the positive side though, a new gaming law in Macau has improved the operator's long-term prospects. Joining this two way up the prospects for the big gaming companies is Angela Henley from Bloomberg intelligence in scheming and hospitality research unit for the apac region. Angela, thanks very much for joining us. So we really have four buckets here. Macau, which we will mostly focus on, but then some of these license holders have a presence in Singapore, Las Vegas, and even up in New England. As we look at the prospects from a cow in the short term though, it's tough sledding, isn't it? Yes. Macau is suffering a lot and compared to other regions you mentioned here. Obviously my focus in operators are suffering far more than that you see that the Singapore is improving, which is likely to capture some market share of this Asia gambler's demand. In Asia side, we also see that Philippines is doing really well. So probably it is Southeast Asian casinos will capture the market share of Macau casino operators. If we look at what happened to travel and leisure in the states after the U.S. turned a corner, so to speak in the pandemic, demand proved to be exceptionally robust and I'm wondering whether the same might be true for China and as it relates to gaming and casino operations Macau might we be on the verge of a very, very healthy recovery in the region? Well, the China lasers demand overall, we believe that a pent up demand can back the sectors growth in a really big way. Say China hotels and duty free or restaurants can all have a pretty good rebound, but for my cocaine, we have some concerns. For example, we all know that jacket operators in Macau have been going through some crackdown from the government. So that will mean that there's some portion of the gross gaming revenue is not going to come back. It just evaporated. Around three casino operators, three operators have closed their operation since the end of last year. That is around 35% of gross gaming revenue of Macau. So that portion is not coming back. So assuming that the recovery is back to pre-pandemic level, we are saying that the gross gaming revenue of Macau can pick on top at 65% of pre-pandemic level. So that's the look is there you are seeing here. One of the big overhangs over the past couple of years has been the license renewals. That seems like it has gone nicely in the direction of the 6 license holders. Does that alone speak to a certain amount of confidence in these license holders going forward? Yes. The license renewals scenario is far better than what we expected because Macau governments terms or gaming law has not been as harsh as we expected. So that is reflected in the premium trading valuation multiples of Macau casino operators. If you see that the casino operators are trading far higher EV bitter multiple step before, meaning that the meaning that investors are looking beyond 2023. That means that I think there are still many investors who are very optimistic on the casinos long-term outlook here. I'd like to get your take on the labor force for these companies. If we consider what happened to the airline industry, the pandemic forced a number of layoffs in early retirements if we get a recovery is the labor force in place to serve clients to serve customers as they return. Yes. According to the database, then Macau government shared, we saw that the number of staff hired in the Macau gaming and jacket industry having declining, but still we see that the casino still have enough stuff that can operate or sustain the operation when people are coming back. And as we all know that casinos are very important in Macau, they can not they can not fire people as they want. So they all have been maintaining this stuff there. Angela, thanks so much for joining us and sharing your insights with us. Angela Hanley from Bloomberg intelligence is gaming hospitality research in the Asia Pacific region. I'm Brian Curtis, along with Doug prisoner. You can catch us every weekday for Bloomberg daybreak Asia beginning at 6 a.m. in Hong Kong, and 6 p.m. on Wall Street. Nathan. Thank you, Brian and Doug, and coming up on Bloomberg daybreak weekend, President Biden and former president Donald
Macao to shutter casinos for a week in COVID-19 outbreak
"The streets of Macau are MT after casinos and other businesses were ordered to close following a rise in the number of coronavirus cases residents were told to stay indoors unless they were buying food or other necessities strict rules are in place and authorities warned of punishment for any one breaking the rules Macau resident miss Wong told the AP she's staying at home as much as she can If we go out to buy food we try to feed back home as soon as possible we try not to go out and get back as soon as possible Casinos in the well-known Chinese gambling center were ordered to close for at least a week the number of cases has topped over 1500 so far I am Karen Chammas
Shanghai, Beijing order new round of mass COVID-19 testing
"China's started a new round of mass COVID-19 testing Residents of parts of Shanghai and Beijing have been ordered to undergo further rounds of the testing following the discovery of new cases in the two cities restaurants have also been restricted to take out only in one northern city an area which endured one of China's most sweeping lockdowns under the hardline zero COVID policy that gambling hub Macau has shut down one of its most famous hotel casinos after cases were discovered there The strict measures have been retained despite relatively low numbers of cases I'm Charles De
"macau" Discussed on Bloomberg Radio New York
"On the minds of investors in the action of late. What were they buying? Well, they bought bonds, they bought the dollar, and they bought tech stocks and what were they selling? Well, we did see commodities dropped pretty sharply. We mentioned that oil was down below $100 a barrel. With an 8% tumble, similar losses for some of the other commodities like a copper, the Bloomberg commodity index was down 4.5%. At the moment, WTI has stabilized at $101 and 8 cents a barrel. We might see some selling in Macau today Macau casinos, likely to be active. The city's health officials say that a new plan will be announced after finding a COVID cluster linked to some 13 cases in STM's grand lisboa hotels, Macau's COVID cases increased by 89 to a total of 941 over the latest outbreak. Gold is training up at $1767, we did have recovery in Bitcoin, but it's slipping a little now down 1.3%, 20,185. Equity futures are pretty much lower across the board in Asia, although FTSE China a 50s are up four tenths of 1%. And that is a Bloomberg business flash. 12 minutes now before the top of the hour, let's get to headline news with Ed Baxter and San Francisco, Ed. All right, thank you, Brian, to a Boris Johnson's top cabinet officials have resigned. The government putting his tenure as prime minister in the grave concern and question Chancellor of the exchequer Rishi
"macau" Discussed on Stansberry Investor Hour
"What do you think of that idea? Yeah, so I've been hearing obviously the same thing for a while and I think it's complete nonsense that something that's been around for 13 years is going to replace something that's been around for 5000 years. When you've been around for 5000 years, you've been through a lot. You've been through depressions and droughts and hyperinflation and deflation and world wars and so on and so on when you've been around for 13 years and particularly the last 13 years, all you really know is zero rates, negative rates and QE. That's pretty much all you know. Now I do think that there's potentially going to be a place for crypto and that it can complement gold and silver in one's portfolio. But it has to prove itself. It asks to prove itself in an era of inflation that we are currently in. It has to prove itself. When there is global synchronized monetary tightening that is now in place, it has to prove itself. And like I said, 5000 years of existence, you sort of proved yourself in many different ways. Yeah. You sound like me there. So gold silver, or maybe I should frame it this way. What you talked about liking bombed out situations is there one right now that you really like a lot. So the bombed out situation I like and I talked about travel early on are the Macau casino stocks. People think that China will never get past COVID and while unfortunately they'll probably get past a lot later than the rest of us because of their approach, it's not forever and Macau being the Las Vegas of Asia with half the world's population in Asia to me is probably one of the most attractive tourist attractions in that entire region. And these stocks have been bombed out. There's the they've recently rally because Macau government laid out the relicensing framework and rules and how this is going to play out as all the licenses that are expiring in June or July 2022, but I think we're past that in terms of clarity and that all we need now is a full reopening and hopeful that whether it's after the Olympics, it will begin or certainly after the party Congress in the latter part of the year that just as we saw Vegas wore back to revenue levels pre COVID, Macau is going to do the same. And these stocks are truly bummed out. Awesome. All right, great idea. How about how about cannabis? What do you think of cannabis? So I do have a history in that industry of previously being on a board of a small publicly traded company. So I know the industry. I do think that there is no question about the demand side for product..
"macau" Discussed on Bloomberg Radio New York
"Tourism industry Okay let's check in on the rest of the market Juliet Sally is grappling with Goldman Sachs and PPI and CPI rolling over a word does the dice land Why is it all gone green juice Well exactly in medicine I think it's more to do with those soothing words from Jay Powell but he mentioned there that Goldman Sachs called downgrading China's economic growth forecast for 2022 from 4.8 to 4.3% And we certainly saw a moderation coming through in the CPI and PPI today Certainly not denting sentiment though as we continue to see markets ratcheting higher particularly in Hong Kong you can see that very bright box on the hanging index up by over 2% in the afternoon session The likes of Tencent Alibaba really helping to lift and consumer discretionary stocks getting a bid to date too We're also watching some general upside coming through in the currency market that Ozzy there just a touch higher We have seen Ozzy job vacancy search 18 and a half percent in the three months to November So broadly speaking it is a session of risk on as we look ahead to the U.S. inflation print use of And then with the reopening theme that we're seeing in Asia actually on the doubt what cause are we getting around the Macau casino sector Yeah this is a sector that has been hit very hard by border closures But coming through from JPMorgan turning bullish on the sector they essentially say that stocks don't really move anymore when you continue to see these headlines about border closures They say the market is already baking in a 30 to 40% chance of the Macau casino is winding down and that could be two pessimistic So the incrementally bullish on this sector going overweight to sans China wind Macau MGM China but then you can see Fitch is still quite cautious on the sector Let's have a look at the how the casinos are doing a big rise coming through in a Bloomberg index of Macau casino players today and certainly a number of those stocks that have been benefiting from JPMorgan's bullish call getting a good lift in the Hong Kong session too Use of Joel's thank you very much for that round up that said Juliet sali there I want to get back to this part of the world because Dubai's business conditions accelerated last month You've got easing travel restrictions and expert 2020 These two things helped boost the city's key tourism industry ahead of what was they searched on COVID cases Let's get to say he's the vice president of Mina economics research He is of course from Goldman Sachs Farouk The number that we have here is a snapshot from before the spike in COVID infections Is there an argument to be made that over the course of the last year Dubai's economy is maybe now more resilient to that kind of scenario or do you expect it to weigh quite a bit Morning you can use it I think the argument for resilience really comes from the fact that the UA as a whole and I think GCC is sort of world leading in terms of rolling out the vaccine program And we know from experience elsewhere that this variant on the translation to a lower mortality rate than previous very particularly delta And so the hope is that mortality rate will remain low as it has done so far despite a very very significant increase in cases And if that does remain the case then the hope then becomes that the authorities won't react by restricting economic activity and going into lockdown I solved the virus that creates economic fallout as the lockdown and the measures have taken against the virus So it's really just a function of how the government reacts from here on out If they're a problem which takes us put in place further through the lockdown restrictions are put in place then yes we would expect an economic consequence But for the time being you know the hope is that that won't be necessary For good to see you could see back on Zoom back and back in the land of the visuals with this We think about Dubai We've gone through this explosion really We've had expo it happened We've had travelers in a COVID world.
"macau" Discussed on CNBC's Fast Money
"On some new highs ahead in the healthcare space. We'll talk about it coming up. All right, welcome back. Let's talk gambling and let's talk gaming stocks because they boomed today and it's not just for one particular reason, but there was some news out of China on the space. Get right now to contest a big money brewer for the details. I love my new name. Yes. I love it. I'm going to trademark it and I'm going to use it. Thank you, Sully. That report out of Macau is a bit of a nothing burger that managed to give these Macau casinos a nice little lift today. It presents the public opinion over the concession renewal process. The permitting process that allows these casinos to operate. Basically, the commentary indicates the public wants more government oversight, more local control, but largely for things to remain status quo. This does not dictate what will happen. It's just how the people feel. Bernstein's analysts predict the government may move to amend the gaming law in January. That will be a big deal. That starts the process for new concessions. They have to finish that by June. Other news here, I'm Macau executive who reportedly said publicly that the bridge between Hong Kong and Macau could open within the next week to limited visitors, COVID is still this big, near term hurdle for a Vegas style rebound in Macau. One other piece of gaming news I want to point out here, Brian, scientific games ended the day up 9% on news. It will not complete the full acquisition for the rest of sci play. This was part of its strategy to amp up its digital gaming offerings. It already owns 81% of that company reportedly sci plays board did not like the all stock offer as it stood. Scientific games reportedly was not interested in negotiating sci play down 13%, you know, sometimes you gotta know when to hold them and know when to fold them. You should put that into a song. Those are some good lines. The lawyers get mad at me if I try to sing it, so I just let it alone. There you go. Good stuff. Contests a brewer. We appreciate it. As always, my friend, thank you so I contested the best. She literally says guys that the note is a nothing burger, but a lot of these stocks have done very, very well. Let's go around the horn now and trade the Steve Grasso kick it off. I mean, listen to be fair, the casino names rose the same as the hotels in the airlines today. Everybody bought anything having to do with people going somewhere and spending some coin. Do you think the recovery is going to happen faster in Macau or faster in Vegas? I'm of the belief that it'll happen faster in Vegas. I believe that people in the states that have never been to Vegas are more likely to be going to Vegas. They want to spice up a little bit of their vacation time. MGM is up 45% year to date Las Vegas Sands that you used to be my favorite name there is down 35% year to date. I'd stay here. I'd stay local. I'd stay with MGM. Yeah. But Tim, we gotta be careful, right? China has been going after this COVID zero policy and then they shut when they shut things down. They shut them down. Look, it's in the price, Brian. I mean, these things that press to EBITDA however you want to start EV without it to earn whoever you want to look at this have been cut in half. They're trading roughly 8 9 times from 1718 times. I think you're in the price. I think the renewal process is to watch, but probably overdone travel mobility. I think is coming back. And I'm long Las Vegas stands. Bono, what about you? And you take all the casino names? Yeah, MGM as well. It's expensive. There's no doubt about that. But if you look at EV EBITDA or debt balances, anything of that nature, those credit metrics typically point to MGM for me. So I'm with grass on this one. No, you nailed it because it's up 15 and a half percent this month MGM the best performer Bono in of all the casino names. All right,.
"macau" Discussed on Gambling Podcast: You Can Bet on That
"Right. Right. That's a big part of the trip. Yeah. Just regardless of what may be going on in all of Las Vegas, when it comes to the touristy areas, maybe think of it that way is like, okay, well, yeah. Well, no, that is the reason really why the casinos require the mask is because they have people coming from all over the world, not just the U.S., but all over the world to those casinos to gamble. And so they're trying to protect their employees and staff. Everybody. Which makes sense, right? But remember years, years ago, we were writing the moving walkway in Vegas and a kid in front of us on a dare licked the rail. Yeah. I think it was actually just one of the escalators. This crossing there. Oh yeah, I remember. And we both looked at each other and you know, that's pretty gross. I mean, talk about sharing diseases. It'd be gross anywhere, especially. Especially in Vegas. But he had enough alcohol in him that I think he was okay. I think his mouth was generally okay. He's alcohol kill everything. You know, it looks another reason to drink while you gamble. Yes. It looks like we're about to turn the corner and then something falls. And here's the thing, okay, we got this call from William. Before the acron variant started making headlines. Right, right. So, I mean, just within that amount of time. So based on all that, I think master gonna be around in Vegas for a little bit longer. At least until the Greek alphabet runs out. That's right. Characters, yeah. Does this pro flush count? Oh, yes. I would say accounts just because it paid a significant. What do you say? Like 3000 bucks? Yeah, that's fine. Yeah, I'd give it to him too. I mean, it's a little chinse Y if you're playing 5 games. Yeah, I don't know. I guess maybe we should open up some sort of court, you know, the real has to be like a jacks are better games or something. Yeah. All right, we'll give it to you, though, William. Okay, speaking of Vegas, I'm going to be in Vegas during zork fest. And I'm going to be staying downtown at the Plaza. You're not going to be able to make it, right? I am not going to be able to make it. Okay, yeah. Because if a Christmas thing, now, I was talking to sherry. Have you been to Las Vegas this year? Yeah. This year, 2021,.
"macau" Discussed on Gambling Podcast: You Can Bet on That
"Welcome to you can bet on that a podcast for the recreational game board. My name is Mark Duvall and sing across for me as doctor Mike. Hello, Mike Macau is in a shambles. Oh God. It's a mess. It's going down. Oh God. All right, well, it might not be that bad, but there is some troubling news coming out of Macau. So Alvin chow, the head of Macau's biggest casino junket operator, sun city, was arrested over alleged links to illegal cross border gambling. Now Macau depends heavily on these junkets from these really big players whales that come in. Well, from all over the world, yes. And we don't know all the details. We're reading a bunch of articles about this last night, you know, and it sounds like what's going on is that maybe there was some illegal online betting by some Chinese on the mainland and he was, you know, kind of behind that. Probably instigated by COVID because they have strict restrictions on travel. So if a guy like some whale that lives in China couldn't travel to Macau to gamble, then, you know, now they were offering him online gaming, and that's where the trouble came in, I think. Yeah. The thing is, okay, Macau is technically part of China, but in China, gambling is illegal. All forms of gambling. Right. So, you know, maybe it's the Chinese government finally looking for a way to crack down on this. Who knows? But is it on Macau's kind of like Hong Kong then? You know, again, I don't know all the politics, but yeah, I think it's similar to that as far as what they're able to do and in the laws. And you and I are not experts on it. But when this happened, the Macau casino stocks took a real hit. Right. Well, it's a large chunk of their revenue. And so, you know, the doomsayers are, oh, you know, Macau is out and, you know, it's going to crumble. And that's probably not the case. But they might have to kind of rethink things kind of like Vegas did where Vegas is moving away from gambling a little bit and looking more at entertainment and won't go away. I mean, what do we know? But anyway, it was big enough news. Macau has everybody thinks, okay, Las Vegas is the gambling capital of the world..
"macau" Discussed on Bloomberg Radio New York
"Through your trading day and European equity markets are rebounding a little bit of what they lost on Friday So we were down by more than 4% on the stock's 50 during Friday session So we're not rebounding all of that but we are not recouping all of that but we are seeing a bit of a rebound this morning The stock 600 in Europe up by 9 tenths of 1% The footsie 100 up by 8 tents the cacti camera on sander's axe up by around 6th of a percent The ibex in the footsie made similarly making gains just shy of a percent So we're rebounding We are off our highs of the session already though if that gives you a sense of where sentiment is drifting in the first hour of trade this morning U.S. futures also pointing towards that rebound NASDAQ features up by 1% E minis up by 7 tenths of a percent If the robots were left in charge on Friday perhaps this is the day that we see stateside you know the humans back at their desk and we see some real thinking around omicron going on But unfortunately we don't have any of the answers and a lot of medical voices tell us we won't have answers for a couple of weeks so we'll have to keep dealing with that level of uncertainty and probable outcomes Let's think about where we are on other assets that are rebounding oil prices also rebounding 76 23 are by 4.8% So again rebounding to a large extent but absolutely not all of the losses we were above $85 before we started thinking about this new variant on the Brent price and the U.S. ten year yield 1.5% right now The dollar is a little stronger this morning up to two tenths of a percent on the dollar index the Euro back to its losing ways one 1268 is where we trade on the single currency That is a look at some of the market moves this morning Let's just get to you caught up on the latest on the virus U.S. features are up as investors weigh the risks from the new omicron for COVID variants which put markets in a tailspin of course during Friday Health experts in South Africa where it was originally detected say omicron appeared to cause only mild symptoms although this is very anecdotal evidence at this point but the World Health Organization says more data is needed to determine disease severity The UK government will convene an urgent meeting of G 7 health ministers today to discuss the latest developments Here in the UK tougher pandemic rules come into effect this week as several cases of omikron have been detected here PCR tests will be required for travelers masks will be compulsory in shops in England from tomorrow and they are being encouraged in communal areas in secondary schools from today But doctor chand nag Paul from the British medical association thinks the rules are inconsistent It doesn't make logical sense that they should only apply on public transport and shops You could be wearing a mask on a train ten minutes later be in a hairdresser where the headrest is not wearing a mask breathing over you and potentially infecting you UK health minister Edward agar who oversees policy for England says he is not anticipating even tighter curves We keep an eye on the number of cases of amiran here in the UK and it does seem to be climbing according to domestic reporting this morning Now in other market moves Macau casino stocks tumbled after the arrest of the head of the world's biggest junket operator Macau police said sunk a sanctity CEO Alvin chow was detained after confessing to establishing overseas gambling platforms and carrying out illegal virtual betting activities JPMorgan and city say the arrest will hurt investor sentiment toward the industry although they played down the impact on casino earnings That's a look at some of the corporate stories we are tracking for you Let's get back to the virus though and the impact it's having on one particular sector and that is the airline sector Passengers and businesses had to respond to a deluge of travel restrictions announced over the weekend to slow the spread of the omicron coronavirus variants Bloomberg airlines reporter Sid Philip joins us here in the London studio to take us through what is a complex web of travel rules now sit Good morning to you So what is this latest variant mean for travel What are countries doing What are they imposing Morning Anna So at the moment it's a batch work of rules and restrictions and it's a bit like the echoes of previous variants and previous travel rules So countries have resorted to travel bands completely like in the case of Japan and the Philippines whereas some others have resorted to spot and statewide bans in terms of banning travel from South Africa and Southern Africa So at the moment it's a bachelor of rules and it makes it much much harder for passengers to navigate what the regulations are really at the moment Yes and it also can depend where you're coming from but also who you are and whether you have whether you're just going on holiday or have the right to return back to your place where you were living So it gets quite complicated What are airlines doing then in response So the airline industry hasn't really decided yet what they're going to do The airlines are saying for the moment they're keeping schedules unchanged But as we head into the busy winter season where people tend to go on holiday schools are out That's going to have a massive impact because one raises uncertainty about whether or not people can travel so people may not be willing to book holidays in case they're not quite sure if they're going to go there And on the other hand you also have uncertainty about whether or not the restrictions that were in place during the first wave and second wave of the pandemic will come back Yes indeed I mean and if you're thinking about whether you're going to book or not you're going to consider whether you can travel what the rules say right now whether they might be cited and also whether you might have to self isolate if we get back to a situation where there's a lot more of that going on isolation upon return that can certainly influence your willingness to move around What does this mean then for the aviation and travel industry A period of huge uncertainty over the next couple of weeks just like the rest of us waiting for detail on our chronic Absolutely I mean the Ellen industry is really waiting to see what how this variant plays out And what impact will have on travel I mean they've loaded up on debt had to lay off stuff They've just retired all the planes And it's all essentially in the quest to survive the first and second and the third waves of the pandemic And essentially this could be a return to the past or it could be some sort of future impact that's unknown at the moment because none of the airlines can really cope with another wave that cancels travel essentially and makes them sort of go into hibernation Yeah we'll certainly be focused on this and see where this takes us See thanks very much Bloomberg airlines reporter Sid Phillip but here in the London studio with the latest on what's happening on the travel sector And the way it is responding we are seeing travel and leisure stocks actually moving to the upside Today rebounding a little bit from some of the losses of Friday but not making up for lost ground at all Now with the morning sports news here's Colin besley Manchester United.
"macau" Discussed on Bloomberg Radio New York
"Seen a lot of buyers come back into the market today and it happened in phases It started off in the Forex markets And then we saw the bond market pick up and now we're just getting some green numbers in equities thanks and it's trading up about a tenth of 1% The next thing tech index is up 9 tenths of a percent and we are now flat in Tokyo and also nearly flat in Australia and the Sydney market So what has changed Well symptoms have been mild so far according to COVID-19 advisers to South Africa that is on this new this new variant that has been discovered and Moderna said that a reformulated shot could be available early next year if necessary And so investors are kind of looking at what happened on Friday is perhaps an overreaction A lot of markets down two and a half to 3% on Friday so the buyers are coming back in But it's not off to the races or anything As mentioned some very light gains and we also have the Taiwan market now that is turned green so the tych there is slightly higher Still some interesting individual stories though Macau casino operator is getting hit pretty hard as police looks like they made it the arrest of the head of the gambling hub's biggest junket operator That's after the city of one Joe in China had approved an arrest warrant for sun city group chief executive officer Alvin Charles This could be bad for the junket and VIP industry and that could affect revenues We see maitua falling pretty hard 9% or so after posting its widest loss since 2018 and Nissan is down about four and a half percent After announcing that it would spend nearly 18 billion U.S. dollars in the next 5 years to electrify more of its lineup Dalian one 1366 yield on the ten year 1.53% WTI crude was a huge bounds of 5% 71 55 a barrel Paul to you Well Moderna says the new Omni omicron coronavirus variant may allude current vaccines and if so a vaccine against it could be ready by early next year This is according to Paul Burton Moderna's chief medical officer and he was here on BBC's Andrew Marshall We should know about the ability of the current vaccine to provide protection in the next couple of weeks But the remarkable thing about the mRNA vaccine to Moderna platform is that we can move very fast Moderna mobilized hundreds of star fairly on Thursday Thanksgiving Day in the U.S. after news of the amaran variant was spreading Burton said protection from current vaccine should still exist and that depends on how long ago a person was vaccinated Oil rebounded after a dramatic plunge on Friday it fell 13% I mentioned this morning it was up about 5% In the meantime OPEC and his allies are increasingly inclined to ditch their plan to raise output next week Bloomberg susannah Palmer takes a look We're hearing from delegates who don't want to be identified that the 23 nation alliance led by Saudi Arabia is leading toward abandoning a plan for a modest production hike set for January Its next meeting is this Wednesday and Thursday The group was already considering a pause after the U.S. and other consumers announced the release of emergency oil stockpiles last Monday The group now worries that the emergence of the omicron coronavirus variant could mean renewed shutdowns and travel restrictions Susanna Palmer Bloomberg daybreak Asia I'm trying to say the U.S. is reopening much too quickly.
Murkowski announces reelection bid, setting up battle with Trump
"Republican senator Lisa Murkowski announces she'll seek reelection the Alaska lawmaker repeatedly is bumped heads with former president trump and even voted to convict trump in his second impeachment trial trump endorsed one of Murkowski's leading opponents Kelly chip bokeh in June and in July the Alaska Republican state Central Committee and tours Joe Baca after Macau skis impeachment vote the Makowsky reelection bid will be closely watched nationally as trump has focused his political efforts on punishing his political opponents my
Tonio Liuzzi on His F1 Career
"Today i'm joined by two special guests. The first italian driver who started his home pre five times between two thousand six and two thousand eleven in three different teams for going onto rice in twelve endurance. Championship super-g t on formula e v antonio While concern you drank your mess You i'm the second-guessed jonathan. Oh boy who covered. Tony are in formula one at the time And i guess the first time you would have been counted him would be back in two thousand and two macau pre. Yeah i think so. I mean high high tiny macau macau. I've done we'll try to help with coach times but tried to just to kind of meet a lot of the the young rising hotshots coming up and remember much of two thousand and two i think. At the time tonio beat michael schumacher that karting world championship. Macau such a such a big race. Although it wasn't one of his one of his best we can in terms results is always a great great experience race. In macau isn't i think he's one of the race. You can never forget the management the once and it was really shocking experience. 'cause michael is a really unique circuit. I was coming from Wait betty seasoning from what the german former the and whenever after macau and they said the circuit as a while was reading. Grandma goes you can expected to dugan southie like that because there's no more nicole in comparison do my cow that can be For the ball goes. Mcconnell is really unique is really scanty when you're driving with a former foam tree that these much slower than a foam once by taft It wasn't incredible experiences. I was lucky that we can cause in for session. Also sabido many steak because they wanted to offer that acting the first session and Michael the the The the let me do it. Because i i guess the i manage blue there for station in this white or the remaining as was climbing up in terms of speed
"macau" Discussed on Bruins Beat
"I'm curious what you think the D pairings should end up becoming. Yeah, I still think even with, and I think probably the optics of a manga boy, because there's like pairing. I've been taking a hit a little bit because they struggled I think in that islander series and are they the optimal top pair in terms of just like the personnel and what they bring? Maybe not, maybe you'd like to have a guy who's a little bit bigger there, but I think it's tough to ignore the numbers when they're out there together and how well they play. I could see situation where maybe depends on the matchup. Let's say you're going to begin to heavy four checking team like the islanders. Maybe you switch out in its full bird and you sacrifice a little bit of that production by keeping forward with mcavoy and physics further down the lineup. But I think over the span of a full 82 game season, I think in terms of maximizing talent of that decor that is talented, but I also think you need to rely quite a bit on that top pair to do quite a bit. I think you're better served keeping there's like a neck of wood together. It's just, you know, it's I think you put most guys with Charlie mcavoy. You're probably gonna have a pretty good pairing. Like, look at him and loves on last year. You know, like, I think he put most guys with him. You're gonna do pretty well. But I think if you want to just maximize that production and for a guy in Macau, who's still getting better, I mean, I think if you put him with grizzly, and they both play off each other so well that the points are gonna be there. You know, especially if they're getting minutes with the Berger online or the coil line. So I still think probably the safer bet is to keep those two together, but I'm like kind of split 50 50 on how I think it's going to be in camp because I could totally see it kind of being like last year, where it was mcavoy with lows on driving and paired by himself more or less and then goes further down the lineup. Yeah, I forgot about that. Lausanne opened camp and opened the season with mcavoy on that top pairing. You're right though. In the sense that I think those two should stay together and Chris like in mcavoy. But I think given what happened last year, especially the islanders series and given that they need to be bigger on D, I wouldn't be surprised to see four but open mcavoy..
"macau" Discussed on The Director's Cut
"There was up the Just i would sudak. I nola for longtime as seen sign was china does Old because my muslim wallis in macau zor during roy moore so john one day bye week he will concede my mother Or sins for us he goes on. Mark is inside of your arrest. And i kicked those song. Image abc's fleas foamy. Me surveyed opens earn. So as if you're done meet some are each year bread Undertake your newspaper. So there was looked off the direction that this or jar and for meat on macau was like your kingdom kids was keying was wins and i want you to this image. The berga her was it was it was very strong. And i'm just a major france You was a macaw. And he joins me they are. They are real blackie number. They juicer zona mahone nelson anger easel blacks stories each nouns and when he misses the Was directly was our family's story and i decided to make prosecutes so immensely interesting and the character of roma remond. I've sorry my french is not good. And i'm going to butcher. Every single renamed.
"macau" Discussed on The Daily
"Junior. The son of peter coker senior the managing director of trion capital in a single transaction coker junior took ownership of thirty seven percent giving himself control of the now public business. In two thousand twenty other shareholders were added to the registry. And not the kind you'd expect to be interested in a small town deli. A hedge fund in hong kong took a two point. Five million dollar steak a firm headquartered in macau joined them as investors steadily the share price rose from one dollar to thirteen dollars as minuscule quantities.
Texas Legislature Takes up Contentious Voting Bills in Special Session
"Special session. And with that sound, the taxes special legislative session kicked off this week in Austin. It comes several weeks after Texas House Democrats staged a walkout to defeat bills that would have overhauled the state's election laws. Bell REFORM BORDER security, Social Media censorship are among the priority items. But the elections, voting rights advocates in Texas and nationwide or laser focused on the election. Security bills. League of Women voters, Texas President Gracia Mean says The GOP led voting bills create more barriers for voters who are already disenfranchised, but says the fact that Republicans walked back. Some of the proposal is a start. My hope is that people in power in the Legislature, especially in the house, or more thoughtful about every aspect of that bill, Although there are some changes, Shamin urges Texans to pay attention So many people voted in their 2020 elections. We all enjoy our freedom to vote and we have to really Watch and be careful that this new voting log doesn't impact our freedom to vote. Republican consulted Matt Macau YAK ways In In this case, you're going to have a major national debate in Texas on election integrity. From July 8th to August eight. It is going to be a circus, and I think Texas should be aware of that, and I wouldn't rely on rhetoric. I looked at the actual bill what it actually does, whether there was a problem at all everyone becomes their own conclusion, but it supports the Texas understand what this law does and what it doesn't do. So what is in the revised bills lives in a governor Dan Patrick says the new version of Senate Bill seven won't revive changes to Sunday voting or wording that would have made it easier for judges to overturn elections. The Texas House election bill posted Wednesday night had many similar provisions to SB seven. The bill would ban drive through voting and require early voting to happen between six a.m. and 10 p.m.. It will require counties with at least 55,000 people to hold the most early voting hours, which would cover more counties than the current 100,000 per person floor for those hours. The bill has some ID requirements for melon voting,
"macau" Discussed on Reality TV RHAP-ups: Reality TV Podcasts
"Kentucky barbecue in part of asia. It's true though. You know you have to be open. But we're that finale might end up. They went to macau. Yes yes it went to macau. So what you're going to be able to find. A macau is very different. From what is in kentucky so you do have to be open about what might be available to you wherever you end up break point. I'm such a planner. I think i would just write. Have it already ready to go. And then maybe that would completely backfired. And i'd just be so they got to draw is for their partners. I think everyone got the partner they wanted. What partnership where are you most excited about. I think even maria. I think it was the first time that actually cooked together. I'll season. i believe that's what i think. They said but i think that was exciting to see them. Finally partner up. I mean honestly. All the partners made perfect sense i. I don't think it would have turned out any differently. I definitely think like jamie and dawn. Were the most odd-couple when it comes to their style. But god i love jamie. I know what a thrill it was nice to get those chefs back fairly. Didn't make it right yeah. I love seeing them. Cook in it just feels like all stars again. I think that's what's been really fun about. This season is just seeing all of our faves so the first course showed a made three ways with macro cured salmon to net with soy sauce. This was stunning. I loved it. This is probably what. If if i got the the choice between three dishes on many. This is definitely what i choose. I think down the line. If i had to choose one menu it would probably be showed us. It was definitely the most different most there. It was so exciting so perfectly done both aesthetically and mouth wise medflies. Yeah i like showed is a lot. I think i found myself wanting his dishes. Yes i also rooting for him crazy. I loved him all season. So who didn't that's such a good story and he was so like one of those stories that you more like engaging he was very engaging where like gay was a great chef but i was never super drawn into his story because it always felt like his hand like he kind of had his handout. Like he didn't want anyone to get to. I don't know it just. I wasn't as engaged. I wasn't as engaged. Like don don. I found to be absolutely gripping yes and stressful speaking gripping.
"macau" Discussed on The Lazarus Heist
"For <Speech_Female> <Advertisement> <Speech_Music_Female> <Speech_Music_Male> <Speech_Male> <SpeakerChange> <Silence> <Music> elements <Speech_Female> <Advertisement> needed to build <Speech_Female> <Advertisement> nuclear weapons <Speech_Music_Female> <Advertisement> and ballistic missiles <Speech_Music_Female> <Advertisement> parts <Speech_Music_Male> <Advertisement> that they sourced <Speech_Music_Male> <Advertisement> abroad. I'm <Speech_Male> to organize the purchase <Speech_Male> and transport <SpeakerChange> of such <Speech_Female> goods. One <Speech_Female> way they hide <Speech_Female> their <Speech_Female> on paper <Speech_Female> links <Speech_Female> between north korea <Speech_Female> and the activity <Speech_Female> is just to ensure <Speech_Female> that there's <Speech_Female> a front company <Speech_Female> which is registered <Speech_Female> <SpeakerChange> in <Silence> a different country <Speech_Music_Female> and <Speech_Female> these companies would often <Speech_Female> be overseen by <Speech_Female> at least one <Speech_Female> north korean official <Speech_Female> and that <Speech_Female> person would be on <Speech_Female> a diplomatic passport <Speech_Female> which <Speech_Female> as we heard earlier <Speech_Female> gives them immunity <Speech_Music_Male> from prosecution. <Speech_Music_Female> <Advertisement> <Speech_Music_Female> <Advertisement> And even when <Speech_Music_Female> the un <Speech_Female> identifies <Speech_Female> these companies <Speech_Female> and the officials <Speech_Female> and puts <Speech_Female> them on the <SpeakerChange> sanctions <Speech_Female> list. You see <Speech_Female> the same names <Speech_Female> time. And again <Speech_Female> popping up. <Speech_Female> In panel of experts <Speech_Female> reports to <Speech_Female> the security council <Speech_Female> the same names of <Speech_Female> agents <Speech_Female> that just <Speech_Female> flip identity. <Speech_Female> They become <Speech_Female> diplomats in another <Speech_Female> country <Speech_Female> for example <Speech_Female> people that used to be <Speech_Female> involved in <Speech_Female> procurement <Speech_Female> for weapons programs <Speech_Female> have <Speech_Female> morphed into <Speech_Female> those that are <Speech_Female> doing trade in coal <Speech_Female> and petroleum <Speech_Female> <Speech_Female> and so they all <Speech_Female> just shifts <Speech_Female> to the <Speech_Female> latest most lucrative <Speech_Female> <SpeakerChange> activity. <Speech_Music_Male> Mike <Speech_Music_Male> saba theft. <Music> <Music> <Music> <SpeakerChange> <Speech_Male> <Speech_Male> Gene has <Speech_Male> been a pretty wild wide. <Speech_Male> We've chased <Speech_Male> the heist so far <Speech_Male> and the folks <Speech_Male> behind it through <Speech_Male> bangladesh. <Speech_Male> New york <Speech_Male> sri lanka <Speech_Male> the philippines <Speech_Male> japan macau <Speech_Male> and of course <SpeakerChange> north korea <Speech_Female> in so <Speech_Female> many ways we <Speech_Female> have to admit it was <Speech_Female> a phenomenally <Speech_Female> successful attack <Speech_Female> and <Speech_Female> if investigators are <Speech_Female> right north <Speech_Female> <Advertisement> korea has <Speech_Female> <Advertisement> taken bank heists <Speech_Female> <Advertisement> into <SpeakerChange> the twenty first <Speech_Male> <Advertisement> century and <Speech_Male> <Advertisement> yet looked at another way. <Speech_Male> <Advertisement> It was a giant <Speech_Male> <Advertisement> failure. <Speech_Male> And that's the problem <Speech_Male> with this kind <Speech_Male> of cybercrime right. <Speech_Male> It starts <Speech_Music_Male> out virtual <Speech_Music_Male> and <Silence> <Advertisement> and clean <Speech_Male> <Advertisement> sooner or later <Speech_Male> <Advertisement> things get <Speech_Male> <Advertisement> messy <Speech_Male> because you're not dealing <Speech_Male> with code a numbers <Speech_Male> on a screen anymore. <Speech_Male> <Advertisement> You dealing with people <Speech_Music_Male> <Advertisement> and wads <Speech_Music_Male> <Advertisement> of cash. <Speech_Music_Male> <Advertisement> <Speech_Music_Male> <Advertisement> So did <Speech_Music_Male> the hackers pack up and go <Speech_Music_Male> home. Not <Speech_Music_Male> a bit. <Speech_Music_Male> what we've learned about. The lazarus <Speech_Music_Male> group is that they're <Speech_Music_Male> smalt that resourceful <Speech_Music_Male> <Advertisement> and <Speech_Music_Male> <Advertisement> quick learners <Speech_Music_Male> <Advertisement> so they soon came up with <Speech_Music_Male> a new plan. <Speech_Music_Male> A way of maximizing <Speech_Music_Male> their profits <Speech_Music_Male> by minimizing <Speech_Music_Male> the human input <Speech_Music_Male> <Advertisement> investigators <Speech_Music_Male> watched <Speech_Music_Male> <Advertisement> as north korea master <Speech_Music_Male> <Advertisement> new <Speech_Male> <Advertisement> automated <Speech_Music_Male> <Advertisement> and incredibly <Speech_Music_Male> <Advertisement> dangerous form of <Speech_Music_Male> <Advertisement> cyberattack. <Speech_Music_Female> <Advertisement> What comes next <Speech_Music_Female> <Advertisement> is perhaps the <Speech_Music_Male> <Advertisement> most frightening episode <Speech_Music_Male> <Advertisement> hacking history <Speech_Music_Male> <Advertisement> and would bring <Speech_Music_Male> <Advertisement> the threat much <Speech_Music_Male> <Advertisement> closer <SpeakerChange> <Speech_Music_Male> for many many more <Speech_Music_Male> people than got <Speech_Music_Male> up out of the bed <Speech_Male> will dacha the nurses <Speech_Male> station just to <Speech_Music_Male> see a blank <Speech_Music_Male> monitors <Speech_Music_Male> <Advertisement> everywhere. <SpeakerChange> <Speech_Music_Male> Just that <Speech_Music_Male> was nothing <Speech_Music_Male> i've ever seen before. <Speech_Music_Male> It was just <Speech_Music_Male> infections <Speech_Music_Male> coming into the thousands <Speech_Music_Male> per <Speech_Music_Male> <Advertisement> like a few seconds. <Speech_Music_Male> <Speech_Male> I was just completely <Speech_Music_Male> <Advertisement> shocked. The rate in <Speech_Music_Male> <Advertisement> which it was spreading <Speech_Music_Male> <Advertisement> it was overwhelming. <SpeakerChange> <Speech_Music_Male> <Advertisement> Lazarus groups <Speech_Music_Male> <Advertisement> crimewave would become <Speech_Music_Male> <Advertisement> quite literally <Speech_Music_Male> <Advertisement> a matter <Speech_Music_Male> of life <SpeakerChange> and death. <Speech_Female> <Advertisement> <Speech_Female> <Advertisement> That's next
"macau" Discussed on The Lazarus Heist
"Did i at least for a while. Search for death in is valley. Wherever you get your podcasts. Now let's return to the lazarus heist kuala lumpur airport malaysia. Nine in the morning twenty. Fifteen an remarkable looking man is using the self checking kiosk for a flight to macau a woman bumps into him in quickly smear something across his face and as the man back in confusion another woman darts in and rubs a cloth over his mouth and then both women walkaway very calmly and no one seems to notice. The whole thing takes less than five seconds. The man feel. Something's wrong goes. the police. security staff lead him to the airport health clinic by the time he gets there. He's dragging his feet. He's sweating see. Tv shows him slumped in a seat barely conscious within two hours. He's dead. It would later emerge that this man was traveling. North korean diplomatic passport with the name. Kim chore. Now let me tell you. This is a name. That's so common. That i think of. It is the north korean equivalent of john smith. The malaysian authorities go to inform north korea's embassy of the death of one of citizens. But it seems they make a mistake. Instead the call the south koreans and from the hair the news leaks photos of the dead man slumped in a chair in an airport clinic. Shoot around the world and it soon becomes clear who he really was kim jong nam with days of the attack. The malaysian police captured the two women responsible. They tell an incredible story. They both wanted to break into show business and said they were approached by japanese man with a very tempting offer to work on a youtube. Crank show they did. A few stunts spraying liquid unsuspecting victims. And then the japanese man gave them new assignment. Go to kuala lumpur airport spray. Some liquid on a guy's face. It'll be captured on camera just a bit of fun. They thought in fact it was an assassination so separately. These two liquids are harmless but if you layer them you get the axe. The most toxic nerve agent ever created. It's a chemical weapon can disable the nervous system in minutes and toxicology reports. Reveal it was. Vx that killed kim jong-nam the two women are eventually released. One had her murder charge dismissed. The other pleaded guilty to a lesser charge malaysian authorities had quickly discovered. The women were alone but the airport studying the cc tv footage police spotted four north. Koreans were on the ground at the time of the attack. They flew out of the country shortly after taking a circuitous airline route which investigators say was designed to avoid any airspace where the planes could be forced down so that the men could be apprehended within days. The malaysian police were pointing fingers at north korea. An angry response from the regime which firmly denied any involvement in the incident sparked a massive diplomatic row at one point north korea band malaysian citizens. From leaving its territory. A malaysia reacted by banning. The north koreans from leaving malaysia. Up until this point the two companies have been on pretty good terms. So here's an intriguing question. If kim jong nam was assassinated by north korean agents. Why didn't they do it in macau where he lived and where. North korea has long established links. Why do it in malaysia and risk alienating one of its few international friends some say it's because north korea didn't want to upset its main ally china which now controls macau and has tightened its grip on the city. Mike chinoy says north korea has scaled back. Its operations there. It's beijing running the show. So the north koreans i think have to be mindful of that. You know they don't wanna wear out any welcome. So where does this leave gal and dingy you. The to casino junket organizers. Who helped launder fifty million dollars. Allegedly on behalf of north korea. They had so many links in macau work. What happened to the pats on importantly what happened to the money. Allan katz is the financial journalist. Who's been on that trial and so did you get to guaranteeing themselves. No we did. Not and the reason is that it didn't actually end very well for them. The last we heard of guaranteeing that they'd helped organize the gambling sessions in manila where bangladesh bank stolen money was laundered. Then quit town. What happened next. They got away scot-free from philippines but they reappeared in china and barely twenty seventeen both had been arrested and the other thing that was on about it was the when they were taking galloway. His wife asked one of the policemen you know. Where should i tell the lawyer to call to try to either. Get him out on bail or to follow up on this and the police said to her. Oh don't bother calling and that's a very odd responsible because china's actually quite a big believer in lawyers a country. It's worth noting that around the time. The dow ending of arrested relations between north korea and china are getting a little tense. And that's because in the months preceding their arrest. Kim jong un of north korea had been ramping up the testing of ballistic missiles. And i do remember that. Around this time. We started to see signs that china was poised to crack down on north korea. They wanted to stop this nuclear development. So could this be part of the reason why gallivanting are arrested. Still don't know really why they were arrested. Someone decided that what they've been doing appears to have decided what they were doing in the philippines was possible. They could have been involved in other projects also not to someone's liking but there'd be quite a coincidence. It's not just the money melting through the cracks. It's the people to this is how it goes in a scheme like this. Each of the players performs their function the crime and then fades into the shadows. Just like the chinese gambling organizers cowan ding garlanding had a specific job to do which was to lot of the money through the casinos and get the money out of the philippines. Likely back to macau. They were good enough job that they laundered the money and it became untraceable. But that was. I think we're their job ended. So the person who would then be getting the money from if it was in macau to north korea would have been a different set of people will happen to the fifty million dollars. Truth is we don't know so many people we've interviewed for this series presented so much evidence incriminating north korea. There's no doubt in their minds that the money was stolen by the pyongyang regime. But here's the thing in order for the money to be used by north korea. It doesn't necessarily alive in north korea if you gain money through illicit activity abroad and you use that money in a foreign bank to purchase what the regime needs in the country. There's no need to repatriate the money. Stephanie client albright served on a un panel tasked with detailing violations of un sanctions on north korea. It's a job. She says got harder and harder over the years their reports keep getting longer than the last one was more than four hundred pages north korea. It's like a cat and mouse game. They're always a bit ahead and the resolutions are always trying to catch up so in the case of the bangladesh bank money one likely scenario. Is that the fifty million dollars. Guaranteeing back to macau was spent that or nearby to buy goods that were then shipped back to north korea luxury goods for the elites like the tv sets. Mike chinoy sobbing loaded onto a plane. Rolex watches perhaps even the mercedes benz. I saw so young young and remember. It wasn't just about wooing the elites the regime was also looking.
"macau" Discussed on The Lazarus Heist
"Commercial dark arts and that became it's raising d'etre gold bullion trading was illegal and the rest of the world it was done in macau prostitution was legal in macau smuggling was huge in macau. All these things were specialties. In macau mohammed cohen is a former longtime macau resident. He's also casino expert and editor at large of inside asian gaming magazine and of course the biggest public dark arts that they capitalize on was gambling leading the city to become the biggest casino market in the world. Five times bigger than the vegas strip in a bad year to put that in perspective in two thousand nine hundred nine hundred vegas strip generated under seven billion dollars macau thirty five billion today. Macau's the only place in china where casinos are allowed and where asia's nouveau riche. Go to indulge. Their vices has a long history of shady dealings macau kind of evokes the casablanca from the humphrey bogart movie especially before the portuguese. Handed it back to china. The portuguese administration in macau was notoriously incompetent inefficient and corrupt. And basically anything went. This is mike chinoy. he was. Cnn's correspondent based in hong kong. For many years mikhail was part of his be and he covered. China's version of the mafia called the triads so triad gangsters. We're very visible and very active. I remember in the mid late nineties. There was a gangland war between rival triad factions. Because you'd wake up and there'd be somebody else got bumped off outside a casino. When macau was handed back to china at the turn of millennium beijing government essentially told triads the sort themselves out and they became more discreet. Those gangs but muhammed cohen says organized. Crime never went away because macau's massive gambling in industry created a need folate in china. There's no legal recourse for collecting a gambling dak. So if you want to collect the gambling that you have to do it through extralegal means which may mean dealing with organized crime to have somebody come threaten the data and things like that but macau isn't just a three wheeling casino mecca with the murky past. It's a key link connecting the isolated state of north korea with the outside world. It's no coincidence that we've investigated north korea's suspected crimes so many of the threads of our story converge on macau and his gambling dens. And there's one character encapsulates every element of the story north korea macau gambling and coin. It's time for the incredible story of kim jong. Now as you might guess from his name. Kim jong was born into the ruling kim family. The eldest son of leader kim jong-il and a north korean actress and while north korea was poor. Kim jong nam was raised like a prince diplomats. Were order to buy diamond. Watches gold plated guns even a miniature cadillac for him. He was dressed up. In the uniform of a high-ranking martial and general were ordered to salute him all according to a cousin who was raised in the palace with him but later defected to south korea but instead of keeping him in pyongyang. Kim jong il sent his eldest son off to moscow and geneva to be educated and this gave him a of the outside world and when he returned the name. Kim jong nam began appearing in state media. And he's we're sure signs that he was being prepared for leadership but he reached for fun and each day for freedom and that would be his downfall in two thousand and one by then he was married and a father. Kim joel now fancy taking his son to tokyo disneyland trying to fly under the radar not literally used a fake. Id a dominican republic passport. A chinese name that translates into fat bad. Kim jong nam was quite a corporate guy. Honestly we're not making this up. Japanese authorities spotted the fate and arrested kim jong nam. The incident went public and was hugely embarrassing. For the north koreans. All here was the presumed future communist leader of the country chasing a big dose of capitalist. Fun time in disneyland of all places. So kim jong nam went into self exile. He's believed to a set his wife and son up to live in beijing but he ended up moving with his mistress and their children to guess where that's right macau and the fact that he ended up macau. It's no coincidence. So there is a track record going back. Several decades of north korea using macau as important base for a variety of illicit activities as well as being. Cnn's correspondent in hong kong. Mike chinoy visited korea several times. We even had dinner together there once at his hotel when he was there to run in the pyongyang marathon. So he's familiar with north korea. And macau he says that. Starting in the nineteen seventies the north koreans began to set up a series of trading companies in macao staffed ostensibly by business people but most of them had diplomatic passports. The most important was called the zok long trading company and it had an office in this kind of grubby concrete building on the surface. It was just doing conventional trading. You know robber ginseng and so on. But it was also an organization that was responsible for buying and shipping luxury goods to pyongyang for the use of the elite tv sets hennessy. Cognac fresh fruit stuff like that. So at one point. Kim jong il was hennessy's number one buyer of cognac. He racked up a tab of eight hundred thousand dollars per year in the one thousand nine hundred and actually confirmed this amazing detail with hennessy. It's not that he was drinking at all himself to be clear but he was doling it out to his court and the military to keep him happy. The north korean airline air koryo for a few years had a regular flight from macau pyongyang and remember with my camera crew and sitting on a hillside overlooking macau airport. And you could just see boxes that were clearly you know forty nine inch television sets and god knows what else we're being loaded on for the flight back to pyongyang but this front company wasn't just shipping luxury goods in north korea. It was also helping out with the country's criminal schemes. Those super bowls from episode three the fake one hundred dollar bills several Executives were actually arrested after they deposited counterfeit us dollar notes at a bank in macau pulled the banco delta asia and All of the people who arrest carried diplomatic passports so they just left macau and never went to trial and long remained in business. Put the links between macau. North korea aren't just financial. The north koreans also used macau as a place where intelligence operatives could be trained in essentially to pass for not being north korean. The most notable example came in nineteen thousand nine hundred seven just before south korea was due to host the olympics that was a horrific event. Whatever happened to kale flight. Eight five eight happened so quickly that the pilots didn't have time to send an emergency. Mayday message has crashed somewhere. Over southeast asia with one hundred fifteen people on board concludes waiting anxiously at so airport was the friends and relatives had probably been victims of attendance to tack.
The Chinese Immigrants Who Built America
"Workers did not come sir haphazardly. From around the entire country of china they came ninety percent maybe even more from a relatively small area four counties in southern china near hong kong near macau in the early eighteen hundreds. This area was rife with conflict civil wars between different ethnic groups. The opium wars waged by the british. People could even watch the battles on sea. Between the chinese and british forces from the shoreline and in this war-torn region word began to spread about an opportunity in a particular region of the united states notion of california being go mountain became embedded and became legendary. They heard the glorious stories of wealth from just going over there and picking up gold nuggets in the streams of california soon. Many young men from this region set out for california a lot of them intended to one day. Come home sometimes. They were married. Just before say ritz. Leave because their parents wanted to make sure that they return but once they got to california there were some who were very eager and homesick and wanted to return. They had wise or sweethearts back in china and they wanted to be with them or with their parents. Others were much not so philly hill. And i so conventional but liked the money that they got in the united states the latitude or freedom. Young men van -joyed in the wild west there is lots of opium there is prostitution and there was work to be had including prospecting for gold. Which though ching notes it's draped in romanticism. Now was difficult dangerous. Work it involved moving earth using explosives and when the gold rush was winding down. Many chinese immigrants use that experience to find other work opportunities irrigation systems road systems acquiesced systems said a lot of infrastructure work and when it comes to infrastructure work there was no bigger project at the time than the transcontinental railroad. Maybe no bigger project
CIA Analyst Turned Reiki Energy Healer With Jessica Brodkin
"Well can to another podcast episode of macabre charge russia's two day we learn a little bit about reiki energy healing as modality for wellness and to connect to source hands on energy healing is an ancient healing modality. Gone as far back to end. Yeshua ben yosef was taught how to do it by his teachers in his childhood buddhist monastery. It was rediscovered in the twentieth century by japanese buddhist monk dr macau you sui whom taught it to the world today i bring former. Cia analysts jessica. Brought ken who made a career change into being a successful reiki energy healing practitioner. and with that jessica. welcome to merkava chaka's inky for having me. Oh you look real. Yes you'll live babar's you have fabulous marian hair there. We'll talk about that a little bit later so before we discuss your work and it's fascinating by the way. Can you tell us your story for how you got into this. In the first place you started off in cia. I did yes. I started off I started working there. When i was twenty two so right out of college and then i when i was twenty six. I had debilitating migraines where i would have And would have debilitating migraines and sort of pseudo seizures regularly. And i was not able to work and i passed out in front of a friend and He waved his hands over me. And i woke up and my pain was gone and i was like what are you doing. And he's like. I'm doing reiki and i'm like i have no idea what that is not see work with you at the in the cia. Okay just a friend from From high school from growing up and And i went back to this was in new york and went back to washington dc. Where i was living. I found a practitioner. And i started going to healings all the time and And that's how that's how. I became a recipient and then around nine years ago around the age of thirty. I i kind of had a breakdown again and my sister had chronic illness and she motivated me to to heal her. I sent i I sent she lived in my house. She lives in miami. So she's in miami and i I sent my healer to distance on her. And it didn't work. And i was like let me try and then i was able to do it over the phone and I found out that i was able to help her nice. And then it got all the training in the certifications but But really. When i learned i really was just And then later years later found that this that my relatives have been doing this for generations. And i had no idea what are you. Let's unpack some of this. So your sister had what was the ailment that she was having ulcerative colitis. Okay what is that again. it's It's a the colon that has shared a lot of pain so i felt motivated by her. Now she and then i just started practicing my friends who were interested. And where did you learn when i initially learned. I initially channelled which. I don't tell a lot of people that but i initially channelled and then i went. And how did you learn to channel is just come naturally. Okay so I had a mental breakdown. When i was thirty years old and i started seeing spirits in the woods where it was living and i thought it was schizophrenic and i went to the doctor and i said am i schizophrenic. And she said no She's like you're having a spiritual awakening. This is what my psychiatrist told
"macau" Discussed on Newsradio 1200 WOAI
"From entering mainland China, Hong Kong and Macau. I'm Lisa. Let Sarah this is Fox News. No. Tell you Oh AI local news Republicans in Texas air celebrating Inauguration Day by filing a bill that would allow the state took nor federal law and court rulings. It was filed by state. Rep. Cecil Bell, who represents part of Houston at the Texas Sovereignty Act, allows for overriding federal laws. The same process is passing a bill first a legislative committee. Then the whole Legislature would vote for nullification. Lastly, the governor would sign his approval. The Texas Capitals closed officers are on hand today and the threats of armed protest. Several business owners closed for the day while others boarded up storefronts. Austin Police say they're working with the Texas DPS after they received word of planned assemblies. But the Texas capital has been mostly quiet, and Republican Senator John Cornyn is still questioning of impeaching the president after leaving office is constitutional, But he says he'll keep an open mind during the trial, agreeing with some of his colleagues calling it a vote of conscience. I'm Carrie Laki From the W away I traffic center construction work continues 16 before traveling south at between 35 F M 78. Also on the north side, the director connector construction 64 eastbound at to anyone if you see any traffic problems called the traffic tip line, 210785 26 year old one I'm Ellie Aaron NewsRadio. 1200. W O A. I see. Overcast skies overnight. A small chance of a showers and patchy ground fog blows in a lot of it fifties. Only cloudy skies ahead for Thursday a small chance of a rain shower high in the mid to upper sixties meteorologist Mark to the dough from the Weather Channel.
China restricts US official travel to Hong Kong
"Some U. S. officials are now being restricted by China from traveling to Hong Kong the move comes in retaliation to similar measures imposed on Chinese individuals by Washington China's foreign ministry has announced that US diplomatic passport holders visiting Hong Kong in nearby Macau will temporarily no longer receive visa entry privileges these restrictions on what China's foreign ministry spokesman described as reciprocal sanctions the reference is most likely to US sanctions the ball certain Chinese and Hong Kong officials from traveling to the U. S. the US ban targeted those who had a role in imposing a crackdown on free speech and opposition political activity in Hong Kong China sees U. S. actions as an attempt to interfere in China's internal affairs and undermining China's core interests I'm Karen Thomas
China condemns opposition resignations as a 'farce,' challenge to authority
"China has condemned the mass resignation of pro democracy lawmakers in Hong Kong as a blatant challenge to the authorities. Their action followed The expulsion of four other lawmakers under new rules imposed by Beijing are China correspondent Stephen McDonald reports on the last day inside the Legislative Council Pro democracy politicians of being handing in their official resignations in protest at the dismissal of four of their colleagues by Hong Kong's later Carrie Lam from the building second floor. A banner was unfold by one of them to crying, the chief executive for corrupting the city. Beijing is now empowered her administration to dismiss any opposition politician deemed to be showing insufficient loyalty to the motherland. Chinese government's representatives in the Hong Kong and Macau Affairs office warned resigning politicians against begging for outside intervention or offering encouragement for radical
The Hippie Trail Killer Charles Sobhraj
"Nineteen seventy four, thirty year, old Charles Sobhraj had an international rap sheet that would make any con artists blush. He committed grand theft auto and France smuggled black vehicles into Bombay oath thousands to Macau's casinos and robbed a jewelry store and telly. Perhaps. Worst of all Charles tricked his half brother Andre into switching places with him abandoning him to eighteen years of hard labor. Charles was a manipulator of the highest order and he was only shot just getting started after his escape from a Turkish prison. Charles made his way back to Southeast Asia from there, he concocted a scheme to con people out of their money and identities. Charles, stationed himself along the HIPPIE trail, a tourist laden road between Thailand and Turkey because he was half Indian and half Vietnamese he easily blended in and could pose a helpful local. He often claimed to be a gem dealer or photographer and offered his services to help guide Western tourists. Once he gained their trust, he robbed them blind or convinced them to smuggle precious gems for him. For over a year Charles Rome to Southeast Asia perfecting his scams and in May of nineteen seventy five, he was in northern India carrying out his usual scheme on some French tourists when he met a young Canadian woman who would change everything. Twenty, nine year old marie-andree. Leclair was French Canadian and had never traveled outside of her country. But when she arrived in India, she was delighted to meet a man who introduced himself as a long goatee. Along was really Charles who used his fluency in French to Charles Marie and convince her he was a famous photographer. Charles Pursued Marie suddenly at first coming across us a mysterious rogue adventurer then to Marie, it seemed like he wasn't entirely interested. So of course, she fell head over heels in love with him. When her vacation eventually came to a close Charles asked her to stay and travel with him through Thailand but Marie used she had a life back home in Canada once in Quebec. However, Marie couldn't stop thinking about the mysterious along she wondered if she should have prolonged her travels and as she felt the weight of regret, a slew of love letters from her dashing prints made up her mind. Convinced. He was the one Marie flew back to meet Charles in. August of Nineteen, seventy five. She was completely devoted to him and completely unaware of his criminal past or his criminal present for that matter. That Fall Charles Marie were in Thailand spending time in the coastal town of Taya. But when they met a young Australian couple Charles knew it was the perfect opportunity to test Marie devotion to him. He Convinced Marie to help him drug their coconut milk when the tourists were knocked out Charles and Marie stole all of their belongings and ran by the time. The Australians Awoke Charles. Marie were Long Gone
Is NYC on its deathbed?
"Last month executives from more than one hundred and sixty of New York City's largest employers, banks, and law firms, sports, leagues, and Real Estate Developers sent a letter to the Mayor Bill De Blasio. They warned that his poor management of the pandemic was threatening long-term damage. There is widespread anxiety the wrote over public safety cleanliness and other quality of life issues that are contributing to deteriorating conditions in commercial districts and neighborhoods across the five boroughs. The five boroughs of New York. City to see you know are the Bronx Manhattan Brooklyn Queens and Staten Island. Also just so you know Bill de Blasio is Democrat who even before the pandemic was almost comically unpopular. We don't need to get into the details, but if you want to read up on him, just do a search for de Blasio that's DB L. A. S.. and. Then arrogant or hypocrite even schmuck. Considered this campaign ad from a fellow Democrat. The less bill de Blasio is the worst mayor in the history of new. York. City and that is. Rose. Congressman. You don't sound very happy about that. Blacks Rose Macau. Grossman now you and I happen to know each other a little bit through a family connection. My son, has worked on your campaign in in your office in DC. Do you saw me swear to not let that relationship influence this interview I solemnly swear rose represents new. York's eleventh district historically the only congressional district in the city, the votes Republican it includes all of Staten Island and parts of southern Brooklyn one of the highest rates of unionization of any district in America cops firemen. Teachers. Nurses. First. Responders Sanitation Workers, folks who we just recently started calling essential workers but quite frankly, they were always essential like every member of the House of Representatives rose is up for re election in. I don't care about politics my friend. Not Right now. On employment skyrocketing the economy in disarray people fearful further. Fearful. For their future of their families the time to be thinking about how to help people making government finally work again, people are so disgusted with their government that's on the left, the middle and the right. You recently said there is no reason that every single teacher in New York City should not be tested at least every other day as far as I know that's not even close to happening. It's not happening because a failure of leadership a failure of imagination nobody has confidence in this city right now there's no plan there's no solidarity. There's no resources with a system of pool testing with a system with New York City is acting almost as if it is a venture capitalist, it comes to figuring out the most innovative ways to beat the pandemic investing in them early on with private partnerships and then dramatically scaling them. There's no reason we couldn't be testing every single teacher every other day we asked Mayor de Blasio for an interview but he declined there are at least two reasons why in political circles de Blasio is considered particularly unskilled last year he spent a lot of time outside the city for president even though he had virtually no constituency. He's also managed to annoy the one person a New York City mayor can't afford to annoy the governor of New York Andrew Cuomo. New York mayors have a history of acting like the most powerful person in one of the most important cities in the world which to be honest it's not entirely inaccurate. A lot of the city's leverage runs through Albany the state capital what we need, and what this has not done is we need someone who's willing to exist in reality. Guess what if you want the city the prosper you need the governor. If you want the city to prosper, you shouldn't be at tagging housing them. You should be working with him but as Max rose season, the Basel Administration was failing New York long before covid hit in some ways the mayor and his administration took up a new form of laissez faire economics where they said well, we don't have to invest in the future of this city because people have to stay here, people will need to stay here. People will always come here and build their businesses. We don't have to do anything. Well, that's of course, not the case this is a competitive country and it is a competitive world. During the pandemic New York City's been competing with neighbors like New Jersey and Connecticut, and New York suburbs also Florida and Arizona in Nashville Austin those at least are a few of the places that some New Yorkers have fled to. But how many? The truth is no one really knows yet. Pre pandemic the city's population was eight point three million. The New York Times analyzing cell phone data from that four hundred, twenty thousand people had left the city between March and may most of them wealthier residents with a second home. But that measurement has an obvious limitation leaving the city with your cellphone doesn't mean you won't return especially if you own your home since right now is not the easiest time to sell a New York apartment. Here's another probably better metric since March, roughly two, hundred, fifty, thousand New Yorkers have filed with the post office to change their mailing address. That's about double the number from the same period last year. So that suggests roughly one hundred and twenty-five thousand higher than normal outflows that goes with a significant decline also hard to measure in the number of people moving into new. York. Still in a city of eight point, three million, this doesn't seem to qualify as a mass exodus. To. Get a slightly finer greened look at population outflow. We called up Nancy Wu I'm an economist at St Easy where I look at the trends about real estate and then create analyses to tell stories about the data street easy is listing service used by landlords and renters, buyers, and sellers and real estate agents. It manages a pretty impressive database. I have access to all of the market data on the sales and the rentals listings in the universe of real estate listings in New York, city and what has seen since the. So Manhattan rental inventory as of July there's been thirty seven thousand listings on the market that is a sixty five percent growth from last July and how about in say Queens and Queens you should now has two point, two, million people whereas Manhattan has only one point six, million in Queens there six, thousand, six, hundred listings on the market, and that's a twenty six percent increase from last July. So inventory grew everywhere when looking at the borough level but grew way more Manhattan. So that's some rental data. What about home sales in July? There's thirty seven percent fewer Manhattan. That went into contracts than in the same month last year there's largely been a fast forwarding of the natural attrition of the City so New Yorkers were planning on moving to the suburbs within one to two years are doing. So now instead so these New Yorkers are taking advantage of the low mortgage rates to move to the suburbs. So that's another hint that the outflow may not be as apocalyptic as some people think at least not yet that may be more of a one time acceleration of constant trend. Although of course, those outflows are usually countered by inflows will keep moving into New York. There are a lot of reasons to suspect not particularly in the short term, the city is diminished and it remains relatively expensive especially housing although that too is changing at least a bit in Manhattan rents fell by three percents year over year since last July that's the biggest decline we've seen since agree recession when rents fell ten percent but Wu says, we may be seeing only the beginning of this trend we do expect Manhattan rents could fall by more than ten percent because there's a lot of factors where the pandemic has more impact on rents than the great recession did. That may be especially true for two reasons. The first is that a recovery from pandemic is likely even more uncertain than recovery from a financial crash. The second is that the pandemic isn't done doing its damage on the economy just last week, we saw tens of thousands of new layoffs and furloughs announced by firms like Disney and united and American Airlines and even when jobs aren't based in New York City, there is a trickle down effect on the financial services and banking industries here on consulting and accounting firms on commercial real estate and the hospitality sector. A recent audit by the New York State Comptroller reported that over the next year between the third and a half of New York City's restaurants and bars may close permanently.
US diplomat in Hong Kong says security law use a 'tragedy'
"Diplomat in Hong Kong says it's a tragedy to use the semiautonomous Chinese territories New National security law to chip away at fundamental freedoms there. And create an atmosphere of coercion and self censorship. The U. S consul general to Hong Kong and Macau says Hong Kong's success has been because of its openness and that the U. S will do everything it can to maintain that.
Why Casino Stocks Dropped Like a Rock on Thursday
"Casino stocks getting rocked in today's market selloff. Let's CONTESSA brewer for the breakdown high contessa. Either Joe Yeah Wind gave investors some intra quarter color, and it was pretty dark. Though neighbouring Guangdong Province anticipates allowing students and teachers to begin traveling to Macau tourists have not been allowed back so here we are three months after casinos reopened over there corona virus closures and wins losing about two million dollars per day in Macau alone. It just reopened Las Vegas one week ago and Massachusetts is still closed now. Las Vegas Sands to would be experiencing a failure to launch in Macau because of a lack of visitation and its most profitable single property Marina Bay, Sands Singapore is not allowed to reopen. Reopen yet LAS VEGAS SANDS MAKES UP only about ten percent of its revenues. In the US rising Kobe, cases, following states reopening worries about recession and unemployment, maybe tampering down some of that enthusiasm that we saw driving shares higher over the last month. Triple digit gains in some cases the laggards of this day are MGM Resorts Down Thirteen Percent Penn Eldorado CEO told me yesterday. He's feeling a lot of phone calls regarding the merger with Caesar's following the implosion of that Simon Taubman deal. He told me quote. We are still one hundred percent moving forward and expect late June early July Close
Family says Stanley Ho, the Macao casino tycoon considered the father of modern gambling in China, has died at 98
"Macau casino tycoon Stanley ho is dead at the age of ninety eight considered the father of modern gambling in China he was also Macau's richest person a lavish Spender and dashing ballroom dancer he secured a four decade monopoly on casinos and parlayed his home advantage to build the empire that still dominated the industry after it open to foreign companies in two thousand two wielding great influence both in Macau and neighboring Hong Kong his daughter said he died Tuesday his long eventful life track the ebb and flow of southern China's