3 Burst results for "Malathi Niac"
Bloomberg Radio New York
"malathi niac" Discussed on Bloomberg Radio New York
"Jury and the Elizabeth Holmes trial has come back The judge apparently has accepted their verdict Let's get you more detail shall we Joining us live is a malathi niac Bloomberg legal news here in California Thank you so much for joining us now As the day unfolded the jury had told the judge that only 8 of the counts had they agreed on three they couldn't agree on So when the jury when the verdict finally came down was it partial Was it full what did they say So it was a partial verdict that was just read out in court just a few minutes ago and homes was convicted of four out of 11 counts of conspiracy and wire fraud And as you mentioned earlier the jury just as they had indicated earlier today they didn't reach a verdict on three of the 11 counts So when it comes to the remaining 8 count she was found guilty of four and not guilty of the remaining four Okay so four and four and then the three are out there basically they are hung on those and it's too early in the game to know what will happen with those correct Yes So it's up to the judges discretion So it's quite possible that there would be a mistrial and he did indicate that during a previous discussion today that he may entertain a mistrial on the remaining counts on which the jury was unable to reach unanimous decision So we could have a potential rehearsing on those on those counts but it's also possible that the U.S. prosecutors if they're satisfied with the outcome they may just back off from that So we'll have to see how it goes right now There's just a lot of speculation in terms of next steps So we have the verdict right now and it's up to the judges discretion And he will definitely consult with the attorneys on both sides to figure out how to move forward Yeah so now what we're talking about here of course is theranos Theranos and this is wire fraud and actual fraud in legal terms So what are we talking about What was she charged with Do we have an idea of what the sentencing could be and what she stands to break Sure So she was charged with 11 counts and two of those counts were conspiracy to commit wire fraud and the remaining were fraud cancer defrauding investors as well as patients two of them who potentially got bogus results for HIV and pancreatic cancer And there was one more count related to ads that purchased to run to promote their brand but those ads didn't end up running So on those counts related to the ads and two of the patients she was found not guilty and moving forward we have to see now that she has been convicted of four counts only previously the sentence for all 11 counts could have been a maximum of 20 years but it's possible that she's going to get much less than that now that we just have a guilty verdict on four counts So it's possible that she will be sent next to a minimum security camp After his sentencing of course so the next step will be a sentencing that the judge will call for based on the results that we have today Okay Thank you so much And we'll continue to be unpacking this for sure for quite a while until we get the sentencing Malathy niaga Bloomberg legal news here in California In San Francisco I'm at Baxter This is Bloomberg all right back to you guys Thanks Ed Let's get now to our guest Steve Ross who's CIO of standard childhood wealth management and he is here with us discussing the latest on the markets you do expect equities to outperform bonds and cash in 2020 2022 It's hard to say We had a Bloomberg news survey not even among a 106 institutional investors saying banks are the place to be over green energy growth U.S. tech EM where are you looking for outperformance Yes So I think from our perspective from a regional perspective we're still looking at the U.S. and Europe So obviously Europe starts the year with a little bit of challenge with regards to the being widespread and lockdowns being seen there But as we go through the year and consistent with what we're talking about earlier we do see that as becoming less of an issue as we go through the year In terms of the European market is heavily tilted towards financials more than elsewhere in the world So that sort of plays into that But we think it's also too early to dispute the leadership the tech has seen so obviously we've seen this back in ten year yield That's not great for growth companies generally and tech in particular But overall we're not looking for dramatically high yields going forward and we see tech is still still doing pretty well in 2022 So in the U.S. our favorite sector is still tech and we see that doing very well Steve I'm curious to get your take on the apac region We know China is such an important driver of economic activity and the way that the economy on the mainland has been performing You could argue that Beijing may have to significantly lean into more easing through the early part of this year at any rate Is that why you might want to hold back on taking positions in various markets across Asia You need a stronger cue coming out of China Yes China is obviously a bit of a challenge because if you look at it from the size of market perspective China is obviously the key part in within EM let alone within Asia and getting more of our key both from a bond market and from equity market perspective But then you look at the cyclical aspects and growth is clearly slowing on our structural basis So we're looking for 5% growth this year And if you look at the regulatory environment obviously that's very uncertain So the way that we are playing this from a China perspective is we're looking for certain areas within China that we believe are in line with the authorities Aims to grow the economy and more sustainable and it's common prosperity think it's coming up and that's a key area for us So we're looking at areas of high-tech manufacturing sort of playing into the self sufficiency theme and also green transition So where we believe that obviously the cog 26 and China's involvement in climate trying to deal with climate change is going to be a major driver of policy as well So that's really the way that we're positioning ourselves regards to China Do you see any outperformance in Asia nations that have been hit incredibly hard over.
Bloomberg Radio New York
"malathi niac" Discussed on Bloomberg Radio New York
"National news where Nancy alliance is standing by hey there Nas Thanks Tim The jury weighing fraud charges against former theranos CEO Elizabeth Holmes is unable to reach a unanimous verdict on three of the 11 criminal counts that she faces Jurors inform the judge today and a special note Bloomberg legal reporter malathi niac has been following the three month trial and speculates on what's next It could be that the judge will move forward and call for a mistrial on the three counts where the jury is currently struggling It's also possible that they go back and do figure out some way to reach a consensus on So we'll have to see how things pan out Melody and IX says jurors have been considering the case for 7 days Senate majority leader Chuck Schumer is issuing an ultimatum over voting rights Bloomberg's Nathan Hager has more from Washington In a letter to fellow Democrats Schumer says the Senate will vote to change its rules by January 17th the Martin Luther King holiday if Republicans continue to block voting rights legislation Schumer says last year's January 6th attack at the capitol underscores the risks to democracy if states put more restraints on the ballot box A change to the filibuster rule would require buy in from all 50 Senate Democrats moderates Joe Manchin and kyrsten sinema have voiced reluctance if not opposition to changing the filibuster In Washington I'm Nathan Hager Bloomberg radio NASA's new space telescope is doing well more than a week after liftoff following a pair of problems that were overcome by ground controllers officials said today the huge sun shield on the James Webb space telescope.
Bloomberg Radio New York
"malathi niac" Discussed on Bloomberg Radio New York
"There Nancy Hey Tim the jury in the Elizabeth Holmes trial is grappling with the case and told the judge today they can not reach consensus on three of the 11 fraud charges she faces in connection with her company theranos Bloomberg news legal reporter malathi niac has been covering the three month trial and has more on the judge's response That each one must stick to their own honest views and not be pressured by views of others just in the hopes of reaching a verdict as quickly as possible Malathi nayak says the judge could allow him this trial in just those three charges Ivanka Trump and Donald Trump Jr. have been subpoenaed by the New York attorney general as part of the state's probe into whether former president Donald Trump's real estate business manipulated the value of key assets for tax and insurance purposes All three trumps are fighting subpoenas The new mayor of New York City Eric Adams is determined to keep the nation's largest school system open despite staff shotted shortages as teachers contract COVID One and a half million home test kits have been distributed to the schools across the city They are Adams said in a Bloomberg interview A child is diagnosed with COVID in a classroom We give that entire classroom to take home test kids so their parents can test them so we can determine what we should do what has happened in the past you have one diagnosis we want to close the entire school It just makes no sense The mayor disagrees with companies that are telling employees to resume working from home saying the city needs to keep the downtown businesses they patronize going In Washington they're gently Bloomberg radio Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries When pone Sweeney you come into bed Hun Yep honey I'll be right there Just gotta.